Syrah Resources Ltd

SYR Details
 
Syrah Resources Ltd.’s (ASX:SYR) Balama project commissioning activity has commenced with first production scheduled for August 2017. Notably, Syrah is the only major natural graphite development project in construction globally, and is fully funded for production of graphite concentrate. SYR is also advancing with the downstream Battery Anode Material project to capitalize on the available margins and exponential growth in the global battery market.  Global battery market is the fastest growing sector of the natural flake market moving from 15% to 35% share by 2021. We give a “Buy” recommendation at the current price of $ 2.47

Galaxy Resources Limited

GXY Details
 
Falling on NRG Metals acquisition of the Hombre Muerto North Lithium Project: Recently, NRG Metals Inc. (TSX-V:NGZ) has entered into an option agreement to purchase the Hombre Muerto North Lithium Project, located in Salta and Catamarca Provinces, Argentina. The property package of 3,287 hectares is comprised of the Alba Sabrina, Tramo, Natalia Maria, Gaston Enrique, Viamonte and Norma Edit concessions, all located in the Salar del Hombre Muerto in northwestern Argentina. Magnesium to lithium ratios range from 1.1:1 to 10.2:1, averaging 4.6:1, which are low by industry standards. Adjacent to Galaxy Resources’ Sal de Vida lithium development project and FMC Corp’s long-time producing Fenix lithium brine operations. The western part of the Salar del Hombre Muerto is host to FMC’s Fenix Mine (~20 km south of the Hombre Muerto North property), which has been producing lithium for over twenty years, and Galaxy Resources is developing its Sal de Vida lithium project in the eastern part of the salar. GXY stock declined 7.8% in the last three months (as of June 06, 2017) and is still trading at a rational level. We give a “Buy” recommendation at the current price of $ 2.06

Flight Centre Travel Group Ltd

FLT Details
 
Expanding footprint: Flight Centre Travel Group Ltd (ASX: FLT) has strengthened its corporate travel footprint on Continental Europe. The company, which recently acquired corporate businesses in Germany, Finland, Norway, Denmark and Sweden agreed to acquire a minority interest in 3Mundi, a travel and technology company with operations in France, Switzerland and Spain. FLT will initially invest in a 25% interest in the Paris-based business, with additional put and call agreements in place to allow FLT to potentially increase its holding to 100% in the future Meanwhile, FLT stock has moved up 32.5% in the last three months as on June 06, 2017. We give a “Buy” recommendation on the stock at the current price of $ 36.00

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