Annual Report 2014

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Latitude Consolidated Limited

ACQUISITION OF YATANGO

On 24 March 2015, Latitude Consolidated Limited announced that it signed an agreement to acquire Yatango Pty Ltd, an international consumer services technology company.

Yatango is a customer focused, cloud based software, services and analytics platform that puts the consumer in control of their everyday spending and consumption needs across a range of everyday lifestyle services. Yatango has developed an integrated platform that harnesses the power of loyalty rewards, community, big data and machine learning.

Yatango has to date launched two product groups:

-          Yatango Mobile is a mobile network provider that puts members in control by allowing them to build their own mobile plan and pay for what they need on a no contract basis; and

-          Yatango Shopping is an e-commerce marketplace that partners with a wide range of sellers to deliver customers better pricing and choice on a wide range of lifestyle products, engineered as a social shopping experience.

 

Click Here for the full ASX announcement.

 

Entitlements Issue

Concurrent with the acquisition of Yatango, LCD also announced a non-renounceable entitlements isue to raise funds to pay for costs associated with due diligence and the acquisition of Yatango, for the continued advancement of the Company’s Kalengwa Project and for working capital. The entitlement issue will offer each eligible shareholder the right to subscribe for one (1) new share in the capital of the Company for every two (2) shares held by that shareholder on the record date, 30 March 2015 issuing approximately 70,425,025 shares at an issue price of $0.012 per share to raise up to $845,100 before expenses.

Further details of the timetable for the entitlement issue will be provided in a letter to shareholders and in the entitlement issue offer document to be lodged with the ASX, availabe by clicking here.

 

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The Company is focused on exploring and developing high grade copper deposits in Zambia to generate value for shareholders.

Latitude is actively exploring its Kalengwa South Project and plans to grow its portfolio of quality exploration projects to become a major copper explorer and developer in Zambia.

Map of Kalengwa South Project Showing Prospect Areas and Historic Exploration Results

 

The Company also holds the Lyndon Base Metals project located in Western Australia.

Proactive Investors

Phylogica, Caltex, PanAust are Monday's Volume Leaders

Monday's leading volume stocks on the ASX.

CompanyCodeLastChangeTradesVolume
Phylogica PYC $0.048 84.62% 2340 175,691,770
Caltex CTX $34.440 -9.08% 33242 152,098,275
PanAust PNA $1.715 40% 2175 60,154,992
Capital Mining CMY $0.004 0% 24 57,358,807
MDS Financial MWS $0.002 0% 16 36,116,869
88 Energy 88E $0.011 10% 82 35,619,846
xTV Networks XTV $0.034 9.68% 267 34,803,473
Gleneagle Gold GLN $0.005 0% 70 25,106,623
Aziana AZK $0.100 11.11% 652 23,953,033
Arrium ARI $0.170 -5.56% 1108 21,135,302

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

Applabs Technologies: Strategic investment wins more contracts

Applabs Technologies (ASX:ALA) holds a strategic 7.9% interest in Liberty Resources (ASX:LBY), which has exercised an option to purchase 100% of the issued capital of Cirrus Networks.

Cirrus is a Western Australian information technology solutions provider.

LBY shares were up by over one-third today, valuing the company at circa $5.5 million.

The company continues to rapidly grow its revenue book, and has closed around $4.6 million in new contracts in the March 2015 quarter alone.

Patrick Glovac, managing director for Applabs, commented:

“Applabs wishes to congratulate Liberty and Cirrus on these strong results. We believe the strong growth in Cirrus further reinforces Applabs’ investment model and ability to identify quality investments."

Cirrus contracts with blue chip clients include:

- $2.1m - EMC storage contract with Western Australia’s largest locally operated bank;
- $1.75m - iiNet’s VMware Enterprise Licencing Agreement; and
- $750,000 Curtin University’s next generation Palo Alto security solution.

Cirrus Networks unaudited revenues for FY2014 totalled $5.86 million, and the company expects significant growth to continue with a strong sales pipeline and expansion into new industries.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

Lamboo Resources in binding agreement for payment

Lamboo Resources (ASX:LMB) has announced that it has executed a binding agreement for the payment of US$2,000,000 from China Sciences Hengda Graphite Corp.

The payment schedule for the Refundable Deposit under the Settlement Deed, is as follows:

(a) RMB 700,000 (A$145,279) on or before 30thApril 2015;
(b) RMB 5,000,000 (A$1,037,710) on or before 30thMay 2015; and
(c) RMB 6,700,000 (A$1,390,532) on or before 30thJune 2015.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

PanAust's shares soar on Guangdong Rising Assets Management offer

PanAust's (ASX:PNA) shares are up over 40% to $1.72 in intra-day trade after it received an unconditional, off‐market takeover offer from Guangdong Rising Assets Management (GRAM).

GRAM is currently a significant shareholder in PanAust with a relevant interest of 22.5%, with the offer to acquire all of the shares it doesn't currently hold at $1.71 per share.

For the 12-months ending December 2014, PanAust had record annual copper and silver production and sales: output of copper, gold and silver, and cost performance at Phu Kham beat annual guidance.

Revenue from sales of US$679 million reflected materially lower pay-metal prices and lower gold sales.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

Liberty Resources: Cirrus Networks signs $4.6M in new contracts

Liberty Resources (ASX:LBY) has noted that Cirrus Networks has continued its rapid growth, signing about $4.6 million worth of new contracts in the March 2015 quarter.

In January, the company exercised an option to purchase 100% of the issued capital of Cirrus and is now finalising the merger requirements.

The new contracts are:

- $2.1 million EMC storage contract with Western Australia’s largest locally operated bank;
- $1.75 million iiNet’s VMware Enterprise Licencing Agreement; and
- $750,000 for Curtin University’s next generation Palo Alto security solution.

Growth is expected to continue with a strong sales pipeline and expansion into new industries.

The acquisition of Cirrus, a IT solutions integrator, involves a significant change to the nature of the company’s activities.

Cirrus’ business assists both corporations and governments reduce costs and improve services with respect to their Information Technology.

In its first full year of operation, Cirrus recorded unaudited revenue of $5.9 million in the year to June 2014.



Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

Phylogica’s peptide fusions kill aggressive cancer cells

Phylogica (ASX:PYC) has completed a pilot study that demonstrates that its cell penetrating peptides linked with the Omomyc drug kills aggressive, drug resistant breast cancer cells.

The study by Associate Professor Pilar Blancafort, one of Australia’s leading breast cancer experts, also observed the company’s CPP fusion improves the efficacy of existing anticancer drugs.

For example, a combination of Cetuximab and a Phylomer CPP-Omomyc fusion was more than three times more effective at killing drug resistant breast cancer cells than either of these agents alone.

Phylogica’s CPP fusion also resulted in a substantial reduction in tumour size in an in vivo breast cancer model.

The pilot study will need to be repeated using larger groups to confirm its significance.

The ability of Phylogica’s delivery system to kill cancers from the inside and improve the efficacy of existing drugs opens up the intracellular target landscape to next generation biologics drugs such as proteins.

Its platform is based on its proprietary Phylomer libraries containing over 400 billion unique natural peptides, which have been optimised by evolutionary selection to adopt stable drug-like structures.



Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

Kazakhstan Potash Corporation signs EPC contract for Kazakhstan potash project

Kazakhstan Potash Corporation (ASX:KPC) has signed the turnkey Engineering, Procurement and Construction contract with China’s CITIC Construction Co., Ltd (CITICC) for the Zhilyanskoye Potash Project in Kazakhstan.

Under the contract, CITICC will be responsible for the design, planning, procurement, construction and subsequent transfer of the project.

The design production capacity under the EPC Agreement will be 1.2 million tons per year of potassium chloride (KCL) fertilisers.

KPC and CITICC have agreed a provisional amount of US$550 million under the EPC Agreement with the final figure adjustment in accordance with the result of the blueprint design work.

With the signing of the EPC agreement, the company can now move on concluding the financing arrangements with ICBC and CITIIC.

The EPC contract follows the Framework Agreement reached in December 2014 between the company, CITICC, the Industrial & Commercial Bank of China Limited (ICBC) and the Ministry of Investment and Development of the Republic of Kazakhstan (MID) in relation to the KPC Potash Production Base Project.

Zhilyanskoe is located in the Aktobe Province, in the north western region of Kazakhstan.

This places it close to significant infrastructure, including railway and road networks connecting Asia and Europe, an international airport, high voltage power lines and high pressure oil and gas pipelines.



Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

Rhinomed Limited to advance distribution of snoring product

Rhinomed Limited (ASX:RNO) has been granted an ASX trading halt in relation to the appointment of an Australian Pharmacy Distribution group for its Mute over-the-counter snoring product.
   
The halt will last until the earlier of the announcement being made or the start of trade on Wednesday, 1st April 2015.

Independent user trial results (conducted November 2014) confirmed the efficacy of Mute with 75% of respondents reported a reduction in snoring.



Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

Phylogica Limited, PanAust Limited are the biggest ASX% Gainers at mid-day

Monday’s leading ASX % Gainers at mid-day.

NameCodeLastChangeVolume
Phylogica Limited ASX:PYC $0.044 69.2% 111,769,285
PanAust Limited ASX:PNA $1.71 39.6% 36,060,303
Nsl Consolidated ASX:NSL $0.008 33.3% 11,152,619
Tanga Resources ASX:TRL $0.026 30% 100,000
Liberty Resources ASX:LBY $0.018 28.6% 2,338,038
Nevada Iron ASX:NVI $0.23 27.8% 8,000
Oilex Limited ASX:OEX $0.074 27.6% 897,615
Corazon Limited ASX:CZN $0.005 25% 2,416,810
Patrys Limited ASX:PAB $0.011 22.2% 1,153,185
Vocation Limited VET $0.195 21.9% 10,569,548

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.