March 2011
Executives take to the road amid the turmoil
Following a week characterised by strong volatility and sharp sell-offs, mining executives will meet in a number of conferences and roadshows, while investors will focus on DJs and two boardroom stoushes.
- Updated
- Anna Raissis
No holds barred in Dynasty board battle
Board room stoushes are never pretty, but the catfight raging over iron ore helpful Dynasty Metals is getting particularly nasty.
- Updated
- Sarah Thompson and Paul garvey
October 2010
Dynasty adds to Pilbara tenements
Dynasty Metals Australia has won priority for an additional two tenements in the Pilbara region of WA. They would take Dynasty’s tenement holding to around 4569 sq km.
Q&A: Australian Bauxite CEO Ian Levy
Resources Daily spends five minutes with Ian Levy, chief executive of Australian Bauxite and non-executive chairman of Dynasty Metals Australia.
- JaMIE FREED
September 2010
Telstra’s turn to explain strategy to investors
Telstra will once again be in the spotlight this week, although investors will be hoping for some respite having taken a beating recently.
- Updated
- Gillian Tan | Anthony Macdonald
June 2010
Brief: Dynasty Metals
Dynasty Metals will place 40m shares at 16c each for $6.4m and 20m options exercisable at 20c to Chinese steel producer Hebei XingHua Iron and Steel.
April 2010
- Opinion
- Opinion
Good Friday appeal from small caps
Plenty of companies are tapping investors for funds ahead of the Easter holiday.
- Updated
- Jamie Freed | Sarah Thompson
Brief: Dynasty Metals Australia
Dynasty Metals Australia has raised $2.1m through the issue of 10m shares to sophisticated investors at 21¢ a share.
August 2008
Xstrata extends bid for metals explorer
Indophil Resources (IRN) Xstrata has extended its $540 million takeover bid for the copper and gold explorer, which was to expire on Friday, to August 29. Xstrata is Indophil's joint venture partner in the $3 billion Tampakan copper and gold project in the Philippines. The offer of $1.28 cash has been matched by a rival bidding consortium, made up of Indophil chief Richard Laufmann, Hong-Kong based investment bank Crosby Capital and Philippine company Alsons Group. Shares in the Melbourne-based company were unchanged at $1.33 on Friday. Bellamel Mining (BMM) The gold explorer has increased the resource at its Kalgoorlie West gold project by a further 70 per cent to almost 2.8 million ounces of gold. The company said the increased JORC resource was a result of drilling and re-modelling of the Ben Hur deposit. The deposit's new resource estimate is more than 1.2 million ounces of contained gold. Bellamel, which listed in November, is currently the target of an all-scrip off-market takeover bid from Norton Gold Fields. The company's directors have recommended that its shareholders accept the offer. Despite the resource upgrade, shares in the company fell 3.1 per cent on Friday, to 15.5¢. Northern Energy Corp (NEC) The coal explorer has announced the completion of a $6 million placement to help fund the development of its fully owned Elimatta and 92 per cent-owned Yamala coal resources in Queensland. The cash will also provide a financial surety for its stake in the proposed Wiggins Island Coal Terminal in the sunshine state, through which the company plans to export its coal. The Brisbane-based company said it placed 4.8 million shares at $1.25 each. Shares in Northern closed at $1.415 on Friday, down 5.7 per cent for the day. Dynasty Metals (DMA) The junior minerals explorer has been forced to retract resource information lodged to the Australian Securities Exchange last month. In a short statement on Friday, the company said in response to a request by the ASX that it wished to retract a July 31 statement referring to a non-JORC gold resource at its wholly owned Bendoc project in eastern Victoria. No other information was provided. The resource statement was made in the Perth-based company's activity statement for the June quarter.
- Patrick Commins
December 2005
Bandwagon leaves some behind
The mixed sentiment towards initial public offerings was apparent yesterday after junior miner Dynasty Metals closed its debut day in the red, while HFA Asset Management's latest investment fund closed 5.5 per cent up on its issue price.
- Henry Byrne