Stocks’ Details

Dotz Nano Limited (ASX: DTZ)

Appointment of new Corporate Advisor: Dotz Nano Limited is gearing up for the General Meeting for the shareholders on 31 May 2018 and has provided an addendum including a resolution relating to approval of issue of 775,000 Shares to director, Dr Moti Gross. DTZ recently, announced the appointment of Gleneagle Securities (Aust) Pty Ltd. as Corporate Advisor to the Company. Based in Sydney, the new advisor is an Australian registered financial service provider and a leader in the evolution of Australian financial markets; and serves the diverse needs of sophisticated market participants and institutions ranging from traditional money managers and high net worth individuals to registered investment firms and funds. Gleneagle will provide the company with general corporate advisory services as well as financial advice. The appointment of Gleneagle is in line with the Company’s strategy aimed at maximizing shareholder value via the Company’s current activities and introducing the Company to an additional sector of institutional investors.

As part of the engagement, Gleneagle will be issued 500,000 shares in the Company and within 5 days of the Company’s 30 days VWAP on the ASX achieving at least $0.30, the Company will issue 4,000,000 options in the Company to Gleneagle (and/or its nominees) with a strike price of $0.20. Dotz Nano also announced that it has terminated its agreement with the Company's previous corporate advisor Otsana Capital. The Company received a firm purchase order for its Validotz™ brand, for use in industrial sectors. The sale of the shipment was facilitated through Pflaumer Bros. in their capacity as distributors. The company continues to pursue its commercialization strategy for the implementation of graphene quantum dots (GQDs) into the various market application including anti-counterfeiting and brand protection mechanisms in the automotive solvent market. The stock was down by 54.15 per cent in the past six months, followed by an increase of 4.44 per cent in the last one month. In the last five days, the stock was down by 1.05 per cent and slipped further by 3.2 per cent on 11 May 2018. We recommend to “Hold” the stock at the current market price of $0.091.
 

Battery Minerals Limited (ASX: BAT)

Mining Licence granted: Battery Minerals has taken another significant step to ensuring that its Montepuez graphite project is fully-funded through a US$30 million debt and equity package agreed with Resource Capital Funds (RCF). The debt and equity package is subject (amongst other conditions) to Battery Minerals raising a further minimum ~AUD$28.3 million. Pursuant to the term sheet, subject to the satisfaction of certain conditions precedent via an issue of new equity, BAT will borrow US$25million from Resource Capital Fund VII L.P., at an interest rate of 10% per annum. Battery Minerals will pay an Establishment Fee of 2% and, subject to shareholder approval, grant approximately 333 million, five years options exercisable at 10 cents each. Battery Minerals has also recently announced the delivery of a scoping study on its Balama Central project, which comprises a Stage 1 production rate of 55,000tpa (B1) and Stage 2 rate of an additional ~55,000tpa (B2) for an aggregate of 110,000tpa from Balama. Balama is currently the subject of a feasibility study. The Company has signed 4 offtake agreements that cover 80 per cent of Montepuez stage 1. It has set a production target for 200ktpa+ by end of 2023. It was awarded few contracts for the supply of ball mill, floatation cells, regrind mills, flash dryer and thickener. It is expected that Montepuez stage 2 construction will start from Q2 2019. BAT was granted with the Mining Licence in March 2018 and it is expected that it will start exporting its first concentrate from 1QFY19. The stock was down by 19.48 per cent in the last six months, followed by an increase of 3.3 per cent in the last five days while its return on equity is improving gradually. We give a “Speculative Buy” recommendation at the current market price of $0.062 by looking at the future growth prospects.


The Five-Year Plan (Source: Company Reports)
 

Northern Cobalt Limited (ASX: N27)

Drilling prospects While cobalt prices have been volatile owing to mixed outlook based on use in electric vehicle sector, Northern Cobalt that is into exploration and development of cobalt mineral projects has undergone a lot of downfall in terms of stock price in the recent months.The Mining Company released itsfinal assay results from the 2017 diamond drilling within the Stanton Cobalt Deposit. In December 2017, Northern Cobalt completed approximately 774 metres of diamond drilling into the Stanton Cobalt Deposit. The primary purpose of this drilling was to obtain representative samples of mineralisation for metallurgical testing and petrophysical information for resource calculation. A number of drill sections have been prepared to show the distribution of cobalt mineralisation subsurface. The group’s Wollogorang Cobalt Project in the far north-eastern corner of the Northern Territory, a mining friendly jurisdiction, is a sediment hosted cobalt mineralisation system which has a potential for low CAPEX and OPEX options due to Non-refractory mineralisation. In addition to this, metallurgical testing as of now is in progress that will give a valuable insight into the possible processing choices in the future. Since past six months, the stock price was down by 47 per cent and by 15.38 per cent in last one month. The stock was down by 3.6 per cent as on 11 May 2018. We give a “Hold” recommendation at the current market price of $0.265, in view of the recent fall while we wait for any catalysts to be unveiled by the group.


Location of N27 Projects (Source: Company Reports)

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