AUS
NZ
UK
CA
USA
FRA
GER
ESP
ITA
NLD
PRT
SWE
GRC
IND
POL
BRA
ZAF
RUS
CHN
UAE
Accelerate Resources Limited (ASX:AX8)
Accelerate Resources Limited (ASX: AX8) has been incorporated with the purpose of pursuing various investment opportunities in the resources sector. The company has made an agreement to fully own (100% interest) at the Mt Read Cobalt Project in Tasmania. This project is prospective for minerals like cobalt, copper, and nickel. Besides this, the company has fully-owned projects in Bulgaria, Mount Monger, and Cue exploration projects. The company has four gold-focused exploration projects in its portfolio.
The company in the recent past dated 7 January 2019, announced to have changed its provider for the shareholder registry services from Automic Registry Services to Advanced Registry Services. In FY18, the company made a mark since it got listed on the Australian Securities Exchange on 14 February 2018. However, another significant achievement of the company includes its raising of funds of $5 million to utilize in the companyâs exploration initiatives at the Mt Read cobalt project in Tasmania and its Western Australian gold projects.
On the financial performance front, the loss of the company after tax increased Y-O-Y and stood at $867,747 in FY18 as compared to $364,881 in FY17. The total assets increased significantly Y-O-Y to stood at $6.277 million in FY18 as compared to $0.183 million in FY17.
In the past three months, the share has fallen 24.21% as on January 18, 2019) and is trading at the lower level with the market capitalization of circa $3.43 Mn as on January 21, 2019 (AEST: 4:00 PM).
Alderan Resources Limited (ASX:AL8)
Alderan Resources Limited (ASX:AL8) is into metals and mining sector operating in metal exploration and production services. It mines and explores copper, gold, silver, zinc, and other related metals.
On 3 January 2019, the company has announced about the change of the remuneration of its CEO and Executive Directors. The company reduced the annual remuneration of the CEO Mr. Chris Wanless to $189,000 from previously paid $219,000. Annual remuneration for 60% full-time equivalent work hours for the Executive Director Mr. Bruno Hegner will be $129,000 from the previous full-time remuneration of $216,000, effective from 1 January 2019.
Glancing into the financials of the company for FY 18, it has reported a net loss of $6.70 million in FY18 as compared to $1.57 million in FY17. The total assets of the company were reported at $8.92 million in FY18 as of $9.109 million in the previous year. The company reported a net cash outflow from operations of $8.275 million in FY18 as compared to $1.439 million in FY17; however, the cash outflow from investing activities stood at $575,380 in FY18 as compared to a cash outflow of $37,256 in the previous year. As at 30 September 2018, the company had cash and cash equivalent of $195k.
The stock last traded on ASX at $0.140 with the market capitalization of ~$18.15 million. It has generated a YTD return of 12.0% and generated negative returns of 79.10%, 37.78% and 3.45% in the past six months, three months and one-month period respectively. It has a 52-week high price of $1.490 and a 52-week low of $0.125.
Disclaimer
This website is a service of Kalkine Media Pty. Ltd. A.C.N. 629 651 672. The website has been prepared for informational purposes only and is not intended to be used as a complete source of information on any particular company. Kalkine Media does not in any way endorse or recommend individuals, products or services that may be discussed on this site. Our publications are NOT a solicitation or recommendation to buy, sell or hold. We are neither licensed nor qualified to provide investment advice.
