The post Tuesday’s Top 10 ASX Companies appeared first on StockPal.

Zimplats Holdings Ltd (ASX:ZIM)
Platinum miner, Zimplats, with projects based in Zimbabw, has been on watchlists for many high dividend-picking sites since March this year. Couple with low debts level and a resurging precious metals market (seeing how Gold has risen over the last couple of weeks), ZIM performed admirably today at 21.4 percent gained to reach the top of our table.
 
Intega Group Ltd (ASX:ITG)
ITG experienced huge decline since the end of February as it struggled to recover in this COVID-19 pandemic with many parts of Australia under lockdown and restricted working measures, forcing many employers to adopt work-from-home arrangements and staggering of workforce allocation. That said, with the loosening of quarantine measures, ITG’s share price has been climbing gradually and managed to reach new heights today to end 19 percent higher.

Central Petroleum Ltd (ASX:CTP)
Central Petroleum Limited (ASX:CTP) is an oil and gas explorer and producer focused on supplying the domestic gas market. CTP released its Quarterly Update Presentation last Wednesday with strong indication of cash balance (AUD $26.1 million) and extend loan maturity to September 2021, putting them in good light with reassurance of resilient central business and returning to growth mode at its soonest.

Baby Bunting Group Ltd (ASX:BBN)
BBN is specialist in retailing of baby goods with over 6,000 lines such as prams, cots, car safety equipment, toys, feeding and other accessories. BBN has over 50 stores in across Australia with the aim to reach 80 within the next 5 years. Amid the COVID-19 pandemic that has swept across the globe, BBN reported 13.2 percent increase in sales during the period of end-December 2019 till 17 May 2020, while competitors were up 8.1 percent at best. Online sales growth was up 17.3 percent during the same period, which is more than 34 percent better year-on-year.

Novonix Ltd (ASX:NVX)
On Friday, NVX announced it has a breakthrough in making battery materials and trading at an astounding 36 percent higher. Today it was up 15.3 percent after the bell to continue its fine run after it has filed a patent for the new battery making process.

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The post Raiden Resources (ASX:RDN) – Dusko Ljubojevic appeared first on StockPal.

What’s your journey in becoming a Managing Director?
I have spent my whole career in the resource sector, where I worked for various junior exploration companies, mid-tier developers, consultancies and majors. These experiences have allowed me to travel to pretty much every continent and gain experience, not just in exploration throughout various terrains and jurisdictions, but also to see deposits go through the development process as well.

Pretty early on in my career I also got into the investor relations filed, which provided me with an opportunity to interact and learn from various industry executives – lessons and experience which has contributed greatly to my understanding of markets.

I got involved in the Balkan projects pretty early on, so after the portfolio was back-listed into Raiden Resources I was asked to take the company forward. Being familiar with the country, language and the projects meant I was well placed to advance the strategy.

Tell us a bit about your business and how you are commercializing?
Raiden Resources is a mineral exploration company focused on copper and gold in the Western Tethyan Metallogenic belt in Serbia and Bulgaria. Over the last 2 years the company has executed on its strategy of securing one of the largest and most prospective portfolios in the Balkans, throughout which the Company has defined over 20 mineral prospects. The ultimate objective is to generate a tier one copper-gold discovery.

We are targeting porphyry and epithermal style of mineralisation, in one of the most prolific and underexplored porphyry belts in the world. Considering the size of the landholding and the numerous advanced prospects in the portfolio, we believe we are well placed for success. Recent discoveries in Serbia, like the Cukaru Peki discovery by Reservoir Capital, located only a few kilometers from the mining center in Bor, which has been in operation for over 100 years, have proven that this belt deserves further evaluation and exploration and will likely generate further tier one discoveries.

A further testament to the prospectivity of the belt can be demonstrated through the presence of numerous global copper-gold majors in the region (Rio Tinto, Eldorado Gold, First Quantum, Vale, Dundee Precious Minerals, JOGMEC and Zijin Mining, which has invested close to US$3Bn into the Serbian resource sector over the last 2 years only.

Having secured a highly strategic land position in this area, we believe Raiden is well positioned to generate value for its shareholders in the future.

How are you managing with the current COVID-19 pandemic on both business and personal front?
We took very early steps to ensure the safety of our staff. Over the last two months, we have ceased our field operations and initiated a work from home policy for all our office employees. We have used this period to conduct detailed reviews of our existing projects, as well as, evaluate further opportunities in the region.

The governments of Serbia and Bulgaria also undertook very aggressive preventative measure to contain the spread of the virus, which has resulted in very low infection rates in comparison to other European regions. We believe the region will get back to normal life in the near term.

With the easing of the restrictions on travel and ability to work, the Company plans to restart its field operations, which should see news from the drill bit, from a number of projects in the near term.

On a personal front, it has been an eventful period with the arrival of a new baby girl – right in the middle of the pandemic. In these times which been so challenging and, in some cases, devastating for so many people around the globe, I consider myself very fortunate to have a new addition to the family.

What’s the most exciting thing about running your business?
Exploration in itself is one of the most exciting industries which exists, but even more so when one is targeting tier one deposits, or in other words, potential game changers. With so many excellent examples of impressive tier one deposits in our region and where every drill hole has the potential to define one of those, our drilling campaigns are events which generate a lot of excitement for both the team and our investors.

How do you measure success?
In business and in personal life, consistently acting with integrity.

What do you think is the most important quality of being a Managing Director of a listed company?
The ability to execute on a long-term strategy and vision, while managing the short term demands and dynamic nature of the markets and ever-changing operating environment.

What is your favourite book?
Zen and the Art of Motorcycle Maintenance, a book written in 1970’s by Robert Pirsig. The book delves into the concept of ‘quality’ and how to define a concept we can all recognise once we see, or experience it, but find difficult to articulate. I tend to re-read the book every few years and it always ignites my drive to focus on executing all my day to day tasks to the best of my ability.

What message do you want to send to our readership in Asia?
Over the last 2 years Raiden Resources has successfully executed on a challenging strategy – that is to consolidate one of the largest and most prospective copper-gold portfolios and define tens of targets in one of the most prolific and sought-after jurisdictions in the world. We are now a key player in one of the most strategic belts in Europe and the wider region. We are poised to deliver success and present potential investors with excellent potential for growth.

How can people connect with you?
Email:
Website: https://raidenresources.com.au/

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The post Monday Movers – Top 10 ASX Companies Today appeared first on StockPal.

Rio Tinto (ASX:RIO) and Fortescue Metals Group (ASX:FMG) both firmed 5.8 precent while BHP Group (ASX:BHP) closed 4.5 percent higher as iron ore surged above USD 90 per tonne.

Gold price hit a new high (not since 2013) at USD 1,734.85 per ounce amidst escalating US-China tensions which benefitted the precious metal miners.

Saracen Mineral (ASX:SAR) broke double-digit gains to close 11.3 percent after the bell to hit record-high; Newcrest Mining (ASX:NCM) gained 6.7 percent while Evolution Mining (ASX:EVN) rose 5.9 percent.

Agribusiness giant Elders (ASX:ELD) finished the trading day 9.9 percent high after the company announced better than expected first-half profits, to close at a 10-year high mark.

Atrum Coal Ltd (ASX:ATU)
In April, Atrum Coal’s announced it would be raising AUD 22 million to help accelerate its Elan Hard Coking Coal Project in Alberta, Canada, which would be used mainly towards pre-feasibility study activities and expected to be completed by the middle of 2021. Just last week (12 May), Atrum Coal appointed a mining veteran, Andrew Caruso, as the company’s new CEO, replacing the outgoing Managing Director and CEO, Max Wang. Andrew spent 30 years in the mining sector with 9 of those years being Managing Director of other iron ore and coal companies.

Calidus Resources Ltd (ASX:CAI)
Following a record seven-year high for Gold prices, Calidus’ stock price skyrocket 25% as this precious metal sector continues to break new highs since late March 2020. Last year, Calidus reported a total shareholder return of 15% as most of the gains were attributed during the first quarter of 2019 when the stock rose 15%. Calidus Resources (ASX:CAI) is an ASX listed gold exploration and development company which controls the 1.25 million ounce Warrawoona Gold Project located in the East Pilbara district of the Pilbara Goldfield in Western Australia.

Agrimin Ltd (ASX:AMN)
Agrimin surged 23% today after the Australian Government approved major project status for Agrimin’s (AMN) Mackay Potash Project in Western Australia – i.e the project can now receive additional government support. This approval lasts for three years which should be sufficient time to advance the project through approvals, project funding, and construction.

Hastings Technology Metals Ltd (ASX:HAS)
Hastings share price hike comes after positive quarterly activities report released on 29 April. Hastings is an exploration and development company that is currently concentrating its efforts on its two rare earths projects in Western Australia – Yangibana Project and Brockman Project. Hastings is positioned to become a leading Australian rare earths company supplying the growing rare earths permanent magnet sector that serves both consumer and industrial technologies from flat-screen TVs to military hardware.

Village Roadshow Ltd (ASX:VRL)
VRL  share price climbed 20.68% provided details on the impact of COVID-19 on its operations, liquidity and funding position. Furthermore, the company announced a revised takeover proposal from PE firm, BGH Capital, to acquire all of its shares by way of a scheme of arrangement. This comes after revised its bid to $2.40 per share or a near 36% premium of last Friday’s end of day price of $1.765. The revised offer consists of a base offer of $2.20 per share plus an additional $0.20 per share subject to Movie World, Sea World, and Village’s cinema various locations to being re-opened after months of lockdown across the country.

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The post Vanadium Resources (ASX:VR8) – Bill Oliver appeared first on StockPal.

What’s your journey in becoming a Managing Director?
I started as a geologist working in exploration (both remote and near mine), with my first management role overseeing a team of drillers, geologists and support staff. This led to a natural shift from exploration geology to managing corporate responsibilities. Following this I moved into my first CEO role, which involved a project that I had identified, evaluated and negotiated through to acquisition. Given my intimate knowledge of the project, the board placed me into that role to develop the opportunity and mentored me through the transition into CEO.  As a result, after two years my management team and I successfully took the project into production.

A key part of my role at ASX:VR8 is founded in a similar technical background – I was CEO when VR8 (then Tando) acquired the Steelpoortdrift Vanadium Project and was on site for almost the entire drilling program.  I have also been actively involved with the planning and implementation of all the test work and other study work undertaken by VR8 to date.  At the outset I was highly encouraged with the nascent value exhibited by the project which, as we started to develop the project, did not disappoint. An investor will observe that the project has regularly confirmed its world class status throughout the development process.

Tell us a bit about your business and how you are commercializing? (Pre COVID-19)
VR8’s asset is the world class (both from a grade and size point of view) Steelpoortdrift Vanadium Project.  The project is located in a known mining province of South Africa surrounded by excellent infrastructure where mined out Vanadium deposits leave sufficient room for Steelpoortdrift to fill the gap.  The project is currently the largest high-grade undeveloped vanadium resource in the world. We are aiming to utilise the project’s superior grade by advancing the project into production and to supplying vanadium products at lowest quartile competitive costs to end users globally. Our immediate focus is to look at established and well understood processing methods to produce commercial grade vanadium. However, the Company is also considering more innovative methods which could provide a suite of products from the high grade vanadium, titanium and iron minerals present in the ore.   In such an event our focus will be on all commodities which are consumed in the steel, renewable energy and industrial minerals markets.  With a global demand outlook for vanadium remaining strong and the project’s superior grade, we are optimistic that the future is bright for VR8.

How are you managing with the current COVID-19 pandemic on both business and personal front?
Our operations are not significantly affected as we are currently conducting a scoping study, and thereafter a feasibility study, that remains largely unaffected by any restriction of  movement.   Regardless, our key focus has been to ensure the safety of our personnel. Although this can slow down Company progress, one has to respect that your workers, your colleagues and your customers are all dealing with the same challenge, something which is unprecedented in our lifetime.  As the project displays a compelling business case and attract attention, we have been engaging with a number of parties about various forms of partnership.  Although travel and personal contact is largely impossible, ongoing communication and the exchange of information continues. We have also been taking measures to preserve our cash to ensure we can ride out the pandemic and are able to recommence normal activities as soon as we are able.

What’s the most exciting thing about running your business?
I always enjoy the unique challenges of each project I am involved with, such as how we advance to the next step, strategizing different ways to approach challenges, utilising expertise in-house or giving your team opportunities to broaden their experience, but then also knowing when outside resources may be required  to assist us. The excitement comes by making things happen and moving what was an idea into reality.

How do you measure success?
Success isn’t the same for every project and every company. The key is to assess the opportunity, set your goals and then set out how to achieve them. For some projects the goal is clear and simple, such as production and revenue targets. For others the goals are around de-risking the project.  Generating a JORC resource for Steelpoortdrift within 6 months of drilling was a key goal for VR8 and one we successfully achieved. Similarly, we anticipate the finalisation of our Scoping Study will be a key milestone for the Company and everyone is working hard to achieve that goal.

What do you think is the most important quality of being a Managing Director of a listed company?
Recognising the value of your team and your advisors and utilising their experience and skillset to assist in your decision making can be very helpful. Being surrounded by good people, whom you share a common goal with is also key. On the VR8 board we have a diverse set of directors with experience in developing operating mines in South Africa, who have experience in marketing and selling commodities to Asian markets and who have managed both private and listed companies successfully. It is important to take the lessons that have been learned through experience and use them to help you make better decisions in the future. Equally incisive insight can also come from your most inexperienced team member.  One has to allow space for fresh eyes to open a new viewpoint on a problem. Building a culture whereby everyone’s insight is welcomed, is key.

What is your favourite book?
I don’t have a single favourite, I read too many to have just one! The last book I read was Mr China by Tim Clissold. Before that Bulls, Bears and a Croupier by Matthew Kidman. I like books that give you an insight into the people behind the stories, whether its business, sport or other walks of life. It’s valuable to try and see the world from different perspectives.

What message do you want to send to our readership in Asia?
Firstly, I hope you and your family are all safe and well! As the world emerges from the pandemic VR8 will be looking to develop a project which produces commodities that will be in high demand in the new world we are all striving to build and which incorporates sustainability through renewable energy and greater use of technology.  Our project’s superior grade and other supporting metrics lend us the opportunity to compete effectively in a world where efficiencies and competitive edge are to become more pronounced.  Hopefully you will keep us on your watchlist as we approach the release of our Scoping Study in the coming months, which we anticipate will show the economic advantage of a world class high grade vanadium project.

How can people connect with you?
Email:
Website: https://vr8.global/

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Myer Holdings (ASX:MYR)
Myer Holdings Ltd. rose 45 percent, the biggest move since the company’s IPO on 2009-11-02, almost 90 times the country’s benchmark index. Trading volume was five times the average for this time of day. Myers saw a strong surge in online orders, online fulfilment is currently happening at 26 locations around the distribution centre network. Currently the temporary closure of all the physical stores is expected to last till 11th of May 2020. 

Wisr (ASX:WZR)
The shares increased 24% to 18 Australian cents from 15 Australian cents in the previous session. Trading volume was 45 percent above the 20-day average. The Company’s Fintech business model is well placed to continue lending, operations and growth of its financial wellness products through COVID-19 disruption and post recovery.

Brockman Mining (ASX:BCK)
Brockman Mining Ltd. rose 20 percent, the most in more than 11 months, almost 40 times the country’s benchmark index. Trading volume was triple the average for this time of day. The company only traded A$ 1558.08 worth of stock and currently has a market cap of AUD 227m.

Atomos (ASX:AMS)
The shares increased to 64 Australian cents from 54 Australian cents in the previous session. Insiders hold a 10 percent stake. In the past six months, they increased their holdings by 1.4 percent. Officers and directors disclosed 260,000 shares of open market purchases at an average price of 94 Australian cents a share and no sales.

Flexigroup (ASX:FXL)
The shares increased to A$1.08 from 93 Australian cents in the previous session. Insiders hold a 28 percent stake. In the past six months, they increased their holdings by 0.2 percent. Officers and directors disclosed 207,000 shares of open market purchases at an average price of A$1.71 a share and no sales. 

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The post Thursday’s Top 10 Companies On The ASX appeared first on StockPal.

The large banks led the slump with Commonwealth Bank (ASX:CBA) fell 3.2 percent, National Australia Bank (ASX:NAB) and ANZ (ASX:ANZ) both down 2.6 percent and Westpac (ASX:WBC) losing 2.4 percent.

Energy giant Woodside Petroleum (ASX:WPL) declined 3 percent after US crude inventories fell for the first time since January.

The Mining sector gave a poor showing despite closing small gains yesterday with BHP Group (ASX:BHP) and South 32 (ASX:S32) both down 1.3 percent and 3.5 percent respectively.

Shaver Shop Group (ASX:SSG)
Shaver Shop jumped 27.9 per cent to 55¢ after its sales jumped 32.1 per cent for the six weeks to May 10 2020, as more consumers turned to DIY grooming driving sales of its products without much the need of unusual levels of discounting and promotional activity. As stated in its ASX announcement earlier today: ”In the weeks following Shaver Shop’s last trading update on 24 March 2020, online sales increased by 387% in the six weeks from 1 April 2020 to 10 May 2020 to represent approximately 43% of total sales over that period – more than offsetting the material sales decline experienced across its physical store network. Total sales increased 32.1% in the six weeks from 1 April 2020 to 10 May 2020 and have increased 17.6% so far in H2 FY20.”

Triton Minerals Ltd (ASX:TON)
According to Triton’s ASX announcements: “Triton notes that the change in the price of Triton securities and the significant increase in the volume of securities traded may also be prompted by increased investor confidence in the Company from previous announcements in March 2020 and April 2020. The Company has previously announced that its strategic partners had advised that business was returning to normal in China following the rapid Chinese response to COVID-19 and that the Board anticipated the acceleration of financing discussions in China and construction to commence in Q3 2020. In addition, the Chairman of the Company’s largest shareholder provided a strong message of support for the Company, expressing confidence in a very positive future for Triton.”

Cash Converters Intl Ltd (ASX:CCV)
Cash Converters has been featured two days in-a-row on the Top 10 Winners list – a testament of current trying times as COVID-19 continues to force a global lockdown of varying scales. This is a result of people dumping unwanted goods at home, as more are staying home due to work-from-home arrangements, thus they unearth more stuffs they have kept for “rainy days” but never materialised. As some are selling to redeem and sit on cash, others are looking to tighten their budget by bargain-hunting used wares in the stores.

Graincorp Ltd-A (ASX:GNC)
GrainCorp rallied 11.6 per cent to $3.67 after telling shareholders that net profit reached $388.3 million in the six months to the end of March, compared to a restated loss of $58.9 million in the previous year. This comes after positive results today, as citied in its ASX Announcement: “GrainCorp has reported a profit after tax of $388 million for the half-year ended 31 March 2020, reflecting a significant repositioning of the Group’s portfolio, including the sale of the Australian Bulk Liquid Terminals business and the successful demerger of United Malt. Underlying EBITDA was $183 million and underlying NPAT was $55 million, both up substantially on the prior corresponding period.”

Metals X Ltd (ASX:MLX)
Metals X is Australia’s largest tin producer, the owner of the Nifty Copper Operation and holds a portfolio of assets from exploration to development including the world class Wingellina Nickel-Cobalt Project. As China, who drives the global copper metal market, accounting for more than two-fifths of world demand in 2014, is gradually recovering from this pandemic, the demand for copper and copper production is slowing easing back to pre-COVID days.

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The post United Networks (ASX:UNL) – Victor Tsaccounis appeared first on StockPal.

What’s your journey in becoming a CEO?
I was one of the original founders of the Broadland Group and then decided to accept a position in the Senior Leadership Team at Vodafone as Head of Business Sales. Working at Vodafone for 7 years was a great experience where I learned how to manage a large business unit which required integrating two businesses when the 3 Mobile and Vodafone companies merged. In 2014 I rejoined Broadland as CEO with a goal to triple revenue and profit over 3 years. We achieved this and were acquired by United Networks Limited (UNL:ASX) last year at which time I was appointed CEO.

Tell us a bit about your business and how you are commercializing?
United Networks Ltd (ASX:UNL) purpose is to empower people and business through technology, to progress, perform and live better. We have two key divisions that drive the company’s revenues.

• Our small to medium business (“SMB”) division is a “Trusted Communications Advisory“- Our advisory is an end to end business that deploys and manages complete communications solutions for small to medium business including mobility, voice, data, Unified Communications and cybersecurity.
• Our enterprise solutions include a smart location data Global Duty of Care platform. The company has a significant history of assisting global insurance companies to innovate and engage directly with their customers. They do this by using our proprietary global alerting, messaging and tracking platform which keeps people safe and secure when they are most vulnerable.

How are you managing with the current COVID-19 pandemic on both business and personal front?
United Networks Ltd (ASX:UNL) solutions allow people to adjust to the new way of working.

• Our SMB division has a complete Unified Communications solution as its core offering, so when the world moved to remote working, we were already there and ready to help our clients deploy a communications system that enables their staff to work remotely.
• Our enterprise teams are focusing on using the United core location data platforms to assist businesses so that their staff can return to work in a safe and secure environment. Our extensive experience in managing global alerting using smart data puts our company at the forefront of technology lead solutions to keep people at work

As a business, we have been managing our response daily and keeping in constant contact with our staff and clients. We retained 100% of our team and have a strong cash position and balance sheet. I’m personally enjoying working from home and using our technology to connect with my team and customers. 

What’s the most exciting thing about running your business?
I really love the big wins and creating something new. Whether it’s hitting a big target, landing a big account or closing out a merger or acquisition. Anything that drives excitement within the team, our board and shareholders is fulfilling for me.

How do you measure success?
The key areas I focus on are customer satisfaction and employee engagement. These drive revenue, profit and the share price. Good leadership drives culture and good culture drives high performance. Having the right leaders in place is critical. Right person right seat. 

What do you think is the most important quality of being a CEO of a listed company?
You have to be a visionary and let your team look after the operation of the business. Keep your head in growth and plan and anticipate what the business will look like in 1, 3- and 10-year time. 

What is your favourite book?
Good to Great by Jim Collins. I remember being fascinated when I was first introduced to the Level 5 leader. I resonate with that, particularly the service-based leadership principles. It didn’t surprise me that the research Jim had done found that the most successful companies were led by quiet, reserved and even shy leaders. 

What message do you want to send to our readership in Asia?
Watch this space! We have big goals over the next 3 years to grow organically and aggressively through our acquisition strategy. On the global stage we’ll roll out our smart data IOT and location data platforms to keep people safe post COVID-19.

How can people connect with you?
Email:
Website: https://www.unitedglobalsim.com/

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The post Mid-Week Top 10 ASX Companies appeared first on StockPal.

As buyers swoop up Iron ore stocks following an upgrade to “buy” status by UBS, BHP Group (ASX:BHP) moved 0.9 per cent, Rio Tinto (ASX:RIO) improved 1.4 percent and Fortescue Metals Group (ASX:FMG) closed 3.9 per cent higher to round up the strong performers from this sector.

Across the other blue chips, CSL (ASX:CSL) and Telstra (ASX:TLS) both improved slightly at 0.8 percent and 1.3 percent respectively.

Regional Express Holdings (ASX:REX) took the top gainers spot today with a resounding 32 percent increase as the travel sector began its route to recovery after easing of travelling lockdown measures.

Regional Express Holdings (ASX:REX)
The company made an announcement today releasing to the ASX that Regional Express has been approached by several parties that are interested in providing the equity needed for it to start domestic operations in Australia. The insiders of the company currently hold 18% and Trading volume was almost 17 times the 20-day average. The shares increased 32% to A$1.19 from 90 Australian cents in the previous session. The company’s dividend yield is 9.4 percent on a trailing 12-month basis.

Moelis Australia (ASX:MOE)
The shares increased to A$3.25 from A$2.78 in the previous session. Insiders hold a 20 percent stake. In the past six months, they increased their holdings by 1.3 percent. Officers and directors disclosed no open market purchases or sales in the past six months. The company released an operational update today highlight that the company had as of the 30 April 2020, Net Assets of $191.9 million including $134.3 million cash and over $155 million of investments.

American Pacific Borates (ASX:ABR)
The shares increased to 45 Australian cents from 39 Australian cents in the previous session. Trading volume was 85 percent above the 20-day average. Insiders hold a 2.8 percent stake. The company traded A$610,474 worth of shares today.

TerraCom (ASX:TER)
Trading volume was 49 percent above the 20-day average. The shares increased to 15 Australian cents from 13 Australian cents in the previous session. Insiders hold a 0.5 percent stake. In the past six months, they increased their holdings by 35 percent. Officers and directors disclosed 1.03 million shares of open market purchases at an average price of 17 Australian cents a share and no sales.

Comet Ridge (ASX:COI)
The shares increased to 9 Australian cents from 8 Australian cents in the previous session. Insiders hold a 3.6 percent stake. In the past six months, they increased their holdings by 2 percent. Officers and directors disclosed 400,000 shares of open market purchases at an average price of 19 Australian cents a share and no sales. Comet Ridge declined 70 percent in the past 52 weeks.

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The post Torian Resources (ASX:TNR) – Paul Summers appeared first on StockPal.

What’s your journey in becoming an Executive Director?
I have been the Company’s lawyer for many years and also acted for the subsidiary Cascade Resources Ltd prior to its merger with Torian.  In April 2018, I was initially appointed as a non-executive director to take a review of the management structure of the Company. I immediately undertook a compliance review of the Company’s previous performance. I remained a non-executive director until early this year however I became heavily involved in the day to day conduct of the Company since mid-2019, which eventually led to my executive role. Since the appointment of our chairperson Louie Simens I have for the first time been able to work with a like-minded individual who clearly shares a common vision for the conduct and future of the Company. This relationship gives me great confidence that the Company will be able to finally develop its valuable asset portfolio.

Tell us a bit about your business and how you are commercializing?
We have very exciting ground around some major mines in the prolific Kalgoorlie and Leonora gold Belts. The business model is simple four projects are at different stages of the exploration cycle and expenditure requirements.

1. Mt Stirling Gold Camp (Surrounds Red 5’s (ASX:RED) ground which host the King of The Hills mine)
2. Mt Monger (Surrounds Silverlake Resources (ASX:SLR) Flagship project)
3. Zuleika JV (Dampier earning in)
4. Credo JV (Dampier earning in)

The Stirling and Diorite blocks that make up the Mt Stirling camp border Red 5’s King of the Hills project to the west, which itself has been given a new lease of life through exploration that has bolstered the combined open pit/underground resource to 3.1 million ounces at 1.5 grams of gold per tonne.

The project is also proximal to St Barbara’s flagship Gwalia mine and Saracen Mineral Holdings’ Thunderbox operation, giving us plenty of confidence that it is in the right neighbourhood to make a multi-million-ounce discovery.

The review by the Geological team uncovered data from historic drilling from the Stirling block that has helped shape new geological theories that Torian intends to test through an aggressive exploration program.

There’s a real feeling that the company has a much greater asset on its hands than originally thought.

We are also particularly excited with the potential opportunity at our Mt Monger and Wombola Gold project with SilverLake Resources Flagship project being in our immediate neighbourhood. We are confident that this region is a great place to be looking for new major discoveries.

These projects, combined with our Zuleika Project, located in the world-class Zuleika Shear, now present four opportunities for a major re-rating of the company, in the immediate, medium and over the long term.

How are you managing with the current COVID-19 pandemic on both business and personal front?
The health and safety of our people and the safe operation of our site is of paramount importance. Keeping our operation running is critical for jobs, our communities and for the WA economy. We are not a business that can do all of our work remotely and we are fully focused on action to reduce the risk of transmission at our sites and in our offices. In light of COVID-19, we know the situation is difficult and we are encouraging our workforce to look out for each other, their families and communities as we manage through this together.

Operations at Credo and Mt Stirling continue with additional monitoring and procedures in place to reduce the risk of COVID-19 transmission among our workforce. As things currently stand, there have been no material impacts on our operations or supply chain with our workforce able to access our safely and operate effectively.

Torian’s supply chains are still open and we currently have adequate supplies to operate and maintain critical equipment.

What’s the most exciting thing about running your business?
To keep it simple, Opportunity to make a major discovery and we have multiple targets on multiple sites in highly prospective ground.

The projects are phenomenal, in the right address and we will systematically explore each off them. We certainly have the best in the business on the case with vast experience influencing discoveries at Fruta del Norte, Hemlo Camp, Detour Lake, Red Lake and The Estelle Gold Camp, as well as geologists with local knowledge with experience working in the Eastern Goldfields.

How do you measure success?
Success is measured differently for each stakeholder in Torian Resources, and my success is when each of those stakeholders is successful. For our investors, it is the share price and resource growth. For the staff, its making that big discovery or a multiple of discoveries and growing the resource base to potential multi million ounces across our projects

What do you think is the most important quality of being an Executive Director of a listed company?
For any Director, its resilience. Ability to problem solve as the challenges come up. Progressing the project regardless what is thrown at you and most importantly looking after your people and all stakeholders each step of the way. 

What is your favourite book?
Heather Morris’s The Tattooist of Auschwitz, the story of how Slovakian Jew Lali Sokolov fell in love with a girl he was tattooing at the concentration camp. A great read.

Life a memoir by the Rolling Stones guitarist Keith Richards, written with the assistance of journalist James Fox. The book chronicles Richards’ love of music, charting influences from his mother and maternal grandfather, through his discovery of blues music, the founding of the Rolling Stones, his often-turbulent relationship with Mick Jagger, his involvement with drugs, and his relationships with women including Anita Pallenberg and his wife Patti Hansen. Just loved the history in this read.

What message do you want to send to our readership in Asia?
We have four highly prospective gold projects with many targets on them respectively with great opportunity for major discovery. We are out hunting Elephants and not rabbits. We only need one of these to work for 100 bag potential in the stock from where we sit in terms of Market cap.

How can people connect with you?
Email:
Website: https://www.torianresources.com.au/

The post Torian Resources (ASX:TNR) – Paul Summers appeared first on StockPal.

The post Tuesday’s Top 10 ASX Companies appeared first on StockPal.

The big Banks all went under with National Australia Bank (ASX:NAB) and ANZ (ASX:ANZ) both registering 2.9 percent and 2 percent losses respectively.

The Energy sector suffered the most after ending the trading session with Oil Search (ASX:OSH) losing 4.5 percent and Santos (ASX:STO) closing 3.2 percent lower.

Health Care was the most thriving sector today with CSL (ASX:CSL) making 1.8 percent and Resmed (ASX:RMD) gaining 5.2 percent.

MICHAEL HILL INTERNATIONAL (ASX:MHJ)
The shares increased 21 % to 40 Australian cents from 33 Australian cents in the previous session. Trading volume was more than triple the 20-day average. Since Emma Hill has been chairman the company has lost 21.44% total annualized return since July 2016.

STATE GAS (ASX:GAS)
The shares increased 21% to 49 Australian cents from 41 Australian cents in the previous session. The company only trade A$ 11,891 worth of shares and has now reached a market cap of 71.7m. Since the COO Andrew Crowley joined the company in July 2018 the company has done 79.36% in total annualized return for its shareholders.

RESONANCE HEALTH (ASX:RHT)
Resonance Health Ltd. rose 17 percent while the country’s benchmark index declined. Trading volume was triple the average for this time of day. In the past year, the stock had a similar or greater gain five times at the close; it advanced in the next trading session once (8.3 percent) and declined three times (5.1 percent, on average). Insiders hold a 1.7 percent stake.

CLEARVIEW WEALTH (ASX:CVW)
The shares increased to 28 Australian cents from 25 Australian cents in the previous session. Clearview Wealth declined 65 percent in the past 52 weeks. The Australia S&P/ASX 200 lost 14 percent. Insiders hold a 5.8 percent stake. In the past six months, they increased their holdings by 0.3 percent. Officers and directors disclosed 108,754 shares of open market purchases at an average price of 27 Australian cents a share and no sales.

PRO-PAC PACKAGING (ASX:PPG)
The company advanced 12% today to 15 Australian cents from 13 Australian cents in the previous trading session. Insiders hold a 1 percent stake. In the past six months, they increased their holdings by 18 percent. Officers and directors disclosed 1.26 million shares of open market purchases at an average price of 11 Australian cents a share and no sales. The company released a change in directors notice today for Leonie Valentine who acquire 352,000 shares at $0.14 cent per share via an on-market purchase.

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