Australian Stock Market
Mirabela Nickel (MBN) is a mining company focused on the production and sale of nickel concentrate. The miner’s key asset is the Santa Rita nickel operation in Bahia, Brazil. MBN has faced a number of headwinds in recent times, ranging from lower nickel prices, higher cash costs and a deteriorating cash position. Cost pressures Sentiment …
Continue reading ‘MBN Cash Problems Despite Capital Raising’ »
Resolute Mining Limited explores for, produces and develops gold in Ghana, Mali Queensland and Tanzania. The Company’s gold exploration projects include Obotan, Syama, Ravenswood and Golden Pride. Small cap Resolute Mining today announced that intends to increase production in FY13 by 14% to 415,000 ounces of gold. The group also forecasted a rise in cash to $830 …
Continue reading ‘Resolute Mining Announced Intends To Increase Production FY13 By 14%’ »
Commonwealth Bank (CBA) is the nation’s largest bank by market capitalisation, holds the greatest amount of deposits, the most home loans, and also controls a fair chunk of the wealth management market through Colonial First State. The financial stock also operates Australia’s largest discount online brokerage operation, Commsec, as well as a multitude of international operations. Importantly, the …
Continue reading ‘CBA Reported Unadited 3rd Qtr Cash Profit of $1.75b’ »
Metcash Limited (MTS) is a leading marketing and distribution company operating in the food and other fast moving consumer goods categories. MTS operates via three business units: IGA Distribution (retail), Campbells Cash & Carry (wholesale) and Australian Liquor Marketers (ALM; liquor wholesale). Metcash announced a $325 million capital raising, the new shares will be issued …