Equity Research Coverage Reports

Planet Metals Ltd (PMQ) - Gold/ Copper, Explorer North Queensland
Tuesday, January 10, 2012
Planet Metals (PMQ) is a Brisbane-based ASX-listed resource and exploration company, with a focus on gold and copper. PMQ is in a strong financial position with A$2 million in cash (representing 3.3 cents per share cash backing) after the 6.5 cents per share capital return and has no debt. PMQ’s key operations are the Mount Cannindah Copper/Gold Project (subject to a farm-in agreement with Drummond Gold) and the Mount Borium Gold Project located in Queensland.
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US Masters Residential Property Fund (ASX: URF) - Initiating Coverage - US Residential Property - www.usmastersresidential.com.au
Tuesday, January 10, 2012
The Fund listed on the ASX on 23 July 2012. On 15 June, in light of the upcoming listing the Fund raised A$65.8M, taking the total funds raised by the Fund to A$165.2M. The Fund is focused on acquiring residential properties located in the New York metropolitan (Tri-state) area, with a particular focus on Hudson County, New Jersey.
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Potash West NL (ASX: PWN) - Initiating Coverage - Potash/ Phosphate - Western Australia - www.potashwest.com.au
Monday, January 9, 2012
Potash West NL (PWN) is an ASX-listed mineral exploration company seeking to make the transition to producer status. The company’s focus is on potash in Western Australia. PWN dominates tenure in one of the world’s largest glauconite deposits. The tenure extends area of over 2,900km2.
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Highlands Pacific Ltd (HIG) - BFS in Progress - PNG - One of the largest Gold/ Copper Deposits
Sunday, January 8, 2012
Highlands Pacific Limited (HIG) is an ASX-listed mineral exploration company with interests in two projects (Ramu and Frieda River projects) that have recognised JORC resources and exploration licences at a third site (Star Mountains). After a delay due to legal proceedings, development of the Ramu project is now complete and is ramping up towards full production, expected mid-2013.
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Adept Solutions Ltd (AAO) - Initiating Coverage -Pre-paid Financial Cards Business
Saturday, January 7, 2012
Adept Solutions Limited (AAO) is an ASX-listed company. The company recently changed the strategic direction of the company from mineral exploration operations to financial services through the acquisition of Emerchants Limited (EML). The company will likely seek to acquire additional companies once the EML business has been successfully integrated.
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