MXT, MOT and MDIF Reviews

ClaireNews

We have published reviews for Metrics Master Income Trust (ASX: MXT), Metrics Income Opportunities Trust (ASX: MOT) and Metrics Direct Income Fund (MDIF). A summary of the rating outcomes is provided below. The full reports can be found on the IIR website. MXT – IIR has maintained a Recommended Plus rating for the Metrics Master Income Fund (ASX: MXT). MXT’s …

Initiation of Coverage on Globe Metals and Mining (ASX: GBE)

gavinwendtNews

Globe Metals and Mining Limited (ASX: GBE) is an Australian-listed, African-focused resource company. Its major project is the Kanyika Niobium Project in Malawi, where it plans to produce niobium and tantalum products for high-strength, low-alloy steel and electronic applications, including very fast charging lithium-ion batteries. Our valuation of the company as a whole, based on assumed prices of US$42/kg niobium …

Initiating Coverage on Acurx Pharmaceuticals Inc. (NASDAQ: ACXP)

ClaireNews

Acurx Pharmaceuticals Inc. (NASDAQ: ACXP) (“Acurx” or the “Company”) is a clinical stage biopharmaceutical company developing a new class of antibiotics for infections caused by bacteria that have been classified as priority pathogens by the World Health Organization (WHO), US Centers for Disease Control and Prevention (CDC) and the FDA. In 4Q’2023, Acurx completed the Phase 2 trial for the …

Updated Coverage of Bowen Coking Coal (ASX: BCB)

gavinwendtNews

We have updated our coverage of Bowen Coking Coal (ASX: BCB). The company has emerged as a Queensland, Australia based coking and thermal coal producer with a current capacity at its flagship Burton Complex operation of 2.75Mtpa raw coal and can expand to 5.5Mtpa raw coal at a very low cost. The response to the Climate Emergency is likely to …

Updated Coverage of Walkabout Resources (ASX: WKT)

gavinwendtNews

We have updated our coverage of Walkabout Resources (ASX: WKT). The company has commenced commissioning and nearly completed development of its 84%-owned, high-margin Lindi Graphite Project, located in Southern Tanzania. First production for the 40,000 tpa graphite concentrate operation is expected in the first half of 2024, with the Project being fully funded, and with offtake agreements in place for …