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All That Investors Need To Know About LandMark White’s Voluntarily Suspension On ASX

All That Investors Need To Know About LandMark White’s Voluntarily Suspension On ASX

As per recent ASX announcement, securities of LandMark White (ASX: LMW) have been suspended from official quotation, pursuant to ASX Listing Rule 17.2, pending...
Integrated Green Energy Solutions released business updates Integrated Green Energy Solutions Ltd (ASX: IGE), established in 1988 and based out of Chatswood, Australia, is a company engaged in the conversion of non-recyclable plastics at the end of life to valuable fuels. Also, the company has patented technologies for the process which results in a range of products including EN228 (Road Ready Petrol), EN590 (Road Ready Diesel), Naphtha, Marine fuel as well as Marine Diesel Oil (MDO). On February 19th, the company released two business updates. The first update concerns the site works being on track for the installation of plastic to fuel modules at the ongoing construction of the 100 tonne per day Amsterdam facility. It includes weather delays utilised for the delivery, scheduled for March, and installation of electrical equipment and the IGES patented plastic to fuel processing modules. As reported, when the first module gets delivered, it will support a processing capacity of 50 tonne per day of the end of life plastic feedstock at the site. The staff training for operators and management for the site is also expected to begin, post the arrival of modules. Additional equipment is also scheduled to arrive in the following three months post which the operating capacity will be increased to 100 tonne per day. As the construction is picking the pace, IGES continues to liaise with the Dutch Competent Authority and other regulatory authorities to maintain all kinds of compliance with every relevant regulation and requirements prior to the onset of commercial operations. As the second update, IGES informed the market about the results of independent testing of its diesel product, manufactured using the patented waste plastic to liquid fuels technology. The tests were conducted by ERP Engineering Pty Ltd, an independent Australia-based engineering firm located in the Illawarra region. So far, IGES has accomplished testing blends of petroleum-based commercial diesel and diesel derived from waste plastic. The results indicate a marked decline in pollutants across the board in the tested products. The company had released 94,283,320 fully paid ordinary shares from escrow account on 11 February 2019. At the end of January 2019, Integrated Green Energy released its activities and cash flow report for the quarter ended December 31st, 2019. During the last quarter, the company accomplished a lot of milestones across various existing and upcoming projects worldwide. Besides, there were massive cash outflows from operating activities at around AUD 2.12 million, mainly arising from payments for staff costs, administration and corporate cost as well as other costs. Due to large expenditure for investments into the acquisition of property, plant and equipment, the investing cash outflows amounted to AUD 4.72 million at the end of the period. However, financing activities balance out by generating cash inflows of AUD 7.38 million, with high proceeds from the issue of shares. Overall, the net cash and cash equivalents for the period was recorded as AUD 1.36 million. Integrated Green Energy Solutions has a market capitalisation of AUD 98.16 million so far. With the close of trading on the ASX, the IGE stock last traded at a market price of AUD 0.250 with no intra-day change.

Integrated Green Energy Solutions Released Business Updates

Integrated Green Energy Solutions Ltd (ASX: IGE), established in 1988 and based out of Chatswood, Australia, is a company engaged in the conversion of...
NVT

Navitas Extended its Exclusivity Period for BGH Consortium Proposal

Global education provider, Navitas Limited (ASX: NVT) made an announcement on 18 February 2019 stating that it has agreed to extend the exclusivity period...

Eclipx Group: Key updates that investors need to know

Eclipx Group Limited (ASX: ECX) is engaged in vehicle fleet leasing, managing fleet and financial services in both Australia and New Zealand.  The ECX...
CRN

Coronado missed its FY18 production and net income guidance

On Tuesday 19 February 2019, Coronado Global Resources Inc. (ASX: CRN) released its Fiscal 2018 results for twelve months ended 31 December 2018. The...