Galaxy Resources Ltd

GXY Details
·         Ongoing progress at Sal de Vida project:Galaxy Resources Ltd (ASX: GXY) stock lost over 4.5% on April 12, 2017 owing to volatile conditions. The group completed the first drill hole for their planned production well at the Sal de Vida (SDV) Project in Argentina. Over 3,000 hectares of topographic survey would be used for further evaporation pond layout and design would be finished. Sal de Vida Project has been granted renewal of environmental permit from Catamarca Province. 
 
·         Recommendation:GXY stock is currently available at lucrative levels and we maintain our “Buy” recommendation on the stock at the current price of $ 0.42

Vocus Group Ltd

VOC Details
·         Rising competition: Vocus Group Ltd (ASX: VOC) stock lost over 5.6% on April 12, 2017 impacted by the concerns over the rising competition in the Australian telecom sector. Primarily, updates from peers have impacted the stock. TPG Telecom won the bid in the auction for mobile phone airspace that would lead the firm to have a huge share going forward. TPM announced its plans to build a $1.4 billion network. Telstra was excluded from participating in the bid as it already is a major player. Meanwhile, VOC had offloaded their 16% stake in their Macquarie telecom group.
 
·         Recommendation: The stock has been under pressure and lost over 17% in the last four weeks and 36.6% in the last six months (as at April 11, 2017). The recent plunge gives a bargain opportunity and the group’s long-term efforts might help it move towards resurgence. We maintain a “Buy” recommendation at the current price of $ 3.37

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