Full Report Available at Bluejay Mining plc Bluejay Mining plc (“Bluejay”) is an exploration and development company with projects in Greenland and Finland. The company is working towards construction of the fully permitted Dundas Ilmenite Project (“Dundas”) and advancing its other existing projects in Greenland and Finland. The company has secured world-class partners for its Disko-Nuussuaq (“Disko”) and Enonkoski projects that will enable the company to participate in the development of th...
Full Report Available at Are You Doubling Down on Your Aussie Large Cap Exposure? The release of financial accounts is one of the few occasions we get a look at the full portfolio of a LIC or LIT. With the completion of results season for the majority of LICs and LITs at August-end we got a look at the portfolios and thought it was a good time to take a look at whether Australian Large Cap LICs offer a level of diversification or whether investors are doubling down on their stock exposure in t...
Full Report Available at Loomis Sayles Global Equity Fund (Quoted Managed Fund), (ASX: LSGE) (the “Fund”) is a newly listed Exchange Traded Managed Fund (ETMF), also known as an Active ETF. The Fund was listed on 1 October 2021 and provides exposure to the Loomis Sayles Global Equity Opportunities Strategy (the “Strategy”), which was established in October 2004. The Responsible Entity (RE) is Investors Mutual Limited who has appointed Loomis, Sayles & Company, L.P as the Investment Manager (“L...
Full Report Available at Clime Capital Limited (ASX: CAM) is a Listed Investment Company (LIC) with a long history, with the Company listing on the ASX in February 2004. The portfolio is managed by Clime Asset Management Pty Limited, a wholly owned subsidiary of Clime Investment Management Limited (ASX: CIW), an ASX-listed asset management company with $1.18b funds under management (FUM) and $5.1b funds under management and advice (FUM&A) as at 30 June 2021. The Company’s primary objective is ...
Full Report Available at ACQUISITIONS ARE A LOW COST PATH TO PRODUCTION Bowen Coking Coal Ltd will have acquired an impressive portfolio of assets in Queensland, Australia, capable of delivering coal into the currently very buoyant market from as early as the March Quarter 2022, and ramping up to over 4mtpa of saleable product, with over 90% of revenue from steel making coal initially, and 70% longer term.
Full Report available at With the recent addition of the Humboldt Range Project in Nevada, PolarX has expanded its exploration focus in the USA. The company is still very much active on its Alaska Range Project, for which a Scoping Study is underway.
Full Report Available at GROWTH THROUGH PERSISTENCE Alto Metals Limited (“Alto” or “the Company”) has recently completed an aggressive ~60,000 m drill programme that has returned very positive results on the 100% owned 331 koz Sandstone Gold Project (“SGP” or the “Project”), which covers the majority of the underexplored Sandstone Greenstone Belt (“SGB”), some 800 km NE of Perth in the Yilgarn of Western Australia. The SGB, which covers ~900 km2, has been a gold producer since the early 1900...
Full report available at LMI Market News Initiated Coverage on Loomis Sayles Global Equity Fund (Quoted Managed Fund) (ASX: LSGE) During the month, we initiated coverage on Loomis Sayles Global Equity Fund (Quoted Managed Fund) (ASX: LSGE), which listed on the ASX on 1 October 2021. LSGE provides exposure to the Loomis Sayles Global Equity Opportunities Strategy, which was established in October 2004. The Responsible Entity (RE) is Investors Mutual Limited who has appointed Loomis, Sayles & ...
Full report available at FYI Resources Limited (“FYI” or “the Company”) has made major progress on, and significantly derisked the Western Australian High Purity Alumina “HPA” Project since our late 2020 Initiation Note. The most significant event was the mid-year signing with Alcoa of a Binding Term Sheet (“the agreement”) looking to the development of the HPA Project; this follows on from a previous MoU under which Alcoa undertook extensive due diligence (including marketing studies) and co...
Full Report Available at Radiopharm Theranostics Limited (ASX:RAD) is a newly listed company on the ASX with the Company commencing trading on 25 November 2021. The Company is focused on developing nuclear medicines to treat cancer with a diversified portfolio of radiopharmaceutical diagnostic and therapeutic (theranostic) candidates.
Full report available at Chimeric Therapeutics Limited (ASX: CHM) is a clinical stage cell therapy company that is seeking to develop novel cell therapies to potentially treat a range of cancers. The Company was listed in January 2021 and has a portfolio of autologous CAR-T candidates which it is seeking to develop and has recently expanded the portfolio with the option to licence an allogeneic CAR-NK platform.
Full Report available at Jindalee’s major asset is the McDermitt Lithium project in the USA. McDermitt’s lithium is contained in clays at surface, so is in a different class compared to the hard rock spodumene or pumping based brine deposits. This class is relatively new, as yet not in production, and likely capable of being very large and long life. Jindalee has a long history as a project generator, and being cautious with capital. It has a number of projects in a variety of commodities with...
Full report available at Ionic Rare Earths Limited (“IonicRE” or “the Company”) is working aggressively towards development of its highly prospective Makuutu Rare Earths Project in Uganda. The clay deposit is near-surface, can be mined as a low-cost open pit and heap leach and is simple to process. This, combined with low capex requirements, make Makuutu an attractive source to supply the growing demand for rare earth elements. Uniquely, Makuutu’s basket of metals is weighted to heavy rare ear...
Full report is available at The Qualitas Real Estate Income Fund (ASX: QRI) is a Listed Investment Trust (LIT) that listed on the ASX in November 2018, raising $231.2m through the issue of 144.5m ordinary fully paid units at $1.60 per unit. Since listing, the Trust has grown through the issue of new units to both new and existing unitholders. At 31 August 2021, the Trust had a market cap of $441.2m with 267.4m units on issue. The Trust invests in the Qualitas Wholesale Real Estate Income Fund ...
Full Report Available at BNK Banking Corp (ASX: BBC) is a diversified financial services company with operations across banking and mortgage broker aggregation. BNK is one of the fastest growing mortgage aggregators in Australia and combined with the banking segment offers a range of lending and deposit solutions across a large distribution network.
Full Research Report available at PM Capital Global Opportunities Fund Limited (ASX: PGF) listed on the ASX in December 2013. The portfolio is managed by PM Capital Limited and offers investors exposure to a relatively concentrated, high-conviction and generally contrarian portfolio of global equities investments comprised of long and short positions with a maximum permissible net exposure of 130%. PM Capital was formed in 1998 as an equity house with strong beliefs in value and valuation anom...
Full Article at IIR has reaffirmed its Recommended rating for PIA after undertaking a review post the appointment of a new Portfolio Manager, Harding Loevner. The full report can be found on the IIR website. On 26 July 2021, Pengana International Equities Limited (PIA) announced a fully franked dividend of 1.35 cents per share for the June quarter. This represents an 8% increase on the March quarter dividend and takes the total dividends declared for FY21 of 5.1 cents per share, fully franked....
Full report available at Moho is a junior gold and nickel explorer and potentially near term developer, with a portfolio of projects in the highly prolific Yilgarn of Western Australia and in North Queensland. � The three projects are (Figure 1): – Silver Swan North, which includes the East Sampson Dam development asset of 21,600 oz @ 2.5 g/t Au, – Burracoppin, located over under explored high grade metamorphics of the Southwestern GneissTerrane, and considered prospective for granulite facie...
Full Report available at indepedentresearch.com.au WAM Alternative Assets Limited (ASX: WMA), formerly Blue Sky Alternative Access Fund Limited, is a Listed Investment Company (LIC) that provides exposure to a portfolio of alternative assets including real assets, private equity and real estate. The Company has expanded into infrastructure since taking over the management of the portfolio and will be seeking to expand into private debt. The Company will gain exposure to these asset classes thro...
MLT is the third largest LIC on the ASX with a market cap of over $4 billion. It offers investors access to a portfolio of ASX-listed securities and other investments at low cost, with a management fee of just 0.14%. The company has a multi-decade history with a highly experienced board and a proven, well established investment process. While the portfolio will vary from the performance of the benchmark index (ASX All Ordinaries Accumulation Index) over shorter periods, over the long-term the po...
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