Catapult Group International Ltd

CAT Details
·         Management changes: Catapult Group International Ltd (ASX: CAT) stock rallied over 6.5% on April 07, 2017 as the group appointed Joe Powell as Chief Executive Officer. Meanwhile, the group also reiterated about their potential opportunities given their less than 20% market penetration with regard to their core business. The group also aims to target adjacent sub-elite and consumer markets, leading to creation of more potential opportunity.Management said their strategy is similar to SEEK who enhanced their global footprint and leadership in a core category as well as their adjacent markets.
 
·         Recommendation: CAT stock corrected over 41.2% in the last six months (as of April 06, 2017) opening a potential opportunity to bargain investors. We give a “Speculative Buy” on the stock at the current price of $ 2.13

Orocobre Ltd

ORE Details
·         Release of financial guarantees: Orocobre Ltd (ASX: ORE) stock enhanced over 5.5% on April 07, 2017. The group reported guarantees of over US$4.3M on a 100% basis, followed by a further release of US$4.35M (100% basis) has been received. The group’s portion of the present release is over US$3.15M while released guarantees now total US$6.25 million which is now part of the group’s available cash. The group recently offloaded their exploration tenure at Salinas Grandes to LSC Lithium Limited. LSC will get mining properties at Salinas Grandes in Salta and Jujuy provinces, Argentina. LSC will pay the group US$7 million, with US$4 million payable at closing while more US$3 million is payable by way of three annual tranches of US$1 million. LSC would also transfer three properties located at Olaroz adjacent to current project properties covering approximately 3,821 hectares, to the group and this would place Orocobre at a better position. LSC will also grant a 2% royalty on the brine concentrate produced from Salinas Grandes Tenements, to the group.
 
·         Recommendation: ORE stock lost over 30.2% in the last three months (as of April 06, 2017) and still trading at an unreasonable level. We give an “Expensive” recommendation on the stock at the current price of $ 3.07

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