Hi, I am Sage, and you are watching Kalkine TV live from Sydney. This is The Stocks in Action
show. In today’s Stocks in Action show, we will take a look at the latest updates from low-carbon
gold mining and exploration firm Resolute Mining, software as a Service business Zoom2u,
and multi-commodity exploration Company Province Resources. We will also cover
financial services focused software company Iress and medical technology company Rhinomed.
Lastly, we will take a quick glance at developments across ASX200. So, stay tuned.
Firstly, shares of smart hearing solutions provider Nuheara were down on Wednesday after
the company received ethics approval from the Australian Hearing Human Research Ethics Committee
to start its medical device clinical trial. Last month, the Company announced that it had engaged
National Acoustics Laboratories to conduct a clinical trial to test the safety and
effectiveness of Nuheara’s newly developed range of hearing aid products. This will support
Nuheara’s planned expansion into clinically tested and regulatory approved medical devices.
National Acoustics Laboratories has now commenced recruiting for Nuheara’s
medical device clinical trial. The company looks forward to receiving the results of this trial,
which believe will support Nuheara in expanding its global hearing solutions by meeting hearing
aid compliance requirements initially with the U.S. Food and Drug Administration, the European
Union and the Australian Therapeutic Goods Administration. Receiving regulatory approval
will open substantial new market opportunities for Nuheara in the US, Europe, and Australia.
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Moving on to the next news that covers Dotz Nano which is a technology firm.
Technology company dealing in manufacturing marking, tracing and verification solutions, Dotz
Nano shares were trading up on Wednesday as the company entered into a distribution agreement with
Paraguay-based El Alamo S.A. Dotz and has received an initial US$220,000 purchase order from El
Alamo. El Alamo will promote, sell and distribute Dotz’s SARS-CoV-2 virus detection technology - the
“Dotz Test Kits – in Paraguay. The distribution agreement is for an initial two-year term. El
Alamo will be selling the Dotz Test Kits in Paraguay with minimum annual purchase orders
equating to approximately US$200,000 in 2021 and at least US$420,000 in each of 2022 and 2023.
El Alamo is Dotz’s second distributor for its SARS-CoV-2 virus detection technology. The Company
recently struck a distribution deal with UAE-based Hygiene Links for Egypt, Sudan and the UAE.
Next news covers Hotel Property Investments which is a real estate giant. Shares of
Hotel Property Investments were trading down on Wednesday post the company announced that it has
completed placement of AU$50 million announced on 14 September 2021. The Placement drew robust
demand from current securityholders along with the new investors. As a result of the Placement,
approximately 14.7 million new securities will be issued at an issue price of AU$3.40 per security.
Proceeds from the Placement will be used to partially fund the proposed
acquisitions of Edwardes Lake Hotel, and a lease harmonisation program
and the associated transaction costs of these.
The New Securities will settle on Friday, 17 September 2021,
with allotment and normal trading to occur on Monday, 20 September 2021.
And now, it’s time for a short break but stay tuned as I’ll be back with
more trending updates for the Australian market.
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Welcome back. This is Sage, your host live from
Kalkine Studio. And you are watching ‘The Stocks in Action show’.
Next news covers Strike Energy which is an oil and gas explorer. Shares of Strike
Energy were trading up on Wednesday as the company announced that its project Haber
has proposed 1.4 million tonnes per annum urea development in Geraldton, Western Australia.
Once operational, its project Haber has the potential to be Australia’s largest
industrial hydrogen consumer and potential carbon sink. It will achieve this by producing around
1,825 tonnes per annum of green hydrogen, i.e, ~2 per cent of total hydrogen feedstock of plant
using own electrolyser, making it stand amongst the lowest carbon urea fertiliser producers.
Project Haber will provide considerable opportunity for long-term collaboration with
future Western Australia domestic green hydrogen suppliers. In addition, Strike Energy has also
entered into a separate non-binding memorandum of understanding with energy companies ATCO and
Infinite Blue Energy for green hydrogen offtake and key infrastructure in the Mid-West region.
.………
Last news to be discussed in this session covers Fenix Resources. Shares of Western
Australian iron ore producer Fenix Resources are trading up on Wednesday after the company shared
its financial results. The company reported an annual net profit after tax of AU$49 million for
the year ended 30 June 2021. It has achieved total iron ore sales of 0.501 million wet metric tonnes,
as it dispatched its maiden shipment of Iron Ridge product in February
2021. As of financial year-end, on 30 June 2021, Fenix Resources had cash worth AU$69 million
and cash flow from operations was AU$65.3 million. The cash from operations reported were excluding
mine development expenditure of AU$14.7 million, exploration costs of AU$0.1 million,
and loan prepayments to Fenix - Newhaul joint venture worth AU$2.6 million.
Fenix Resources has also declared a fully franked, final dividend of 5.25 cents per share.
Alright then, that is all for now. Stay tuned with Kalkine TV for more live market updates.
We will be back with more news on markets, the economy and diverse themes and sector.