News and Announcements
Mustang Resources Raises A$13m & Hits a Market Cap of A$28m
- Published July 12, 2017 12:00AM UTC
- Publisher Wholesale Investor
- Categories Company Updates
FY17 EOFY Highlights:
- Market cap: A$28 million (5cents) up from $8million in December 2016
- One of only two listed ruby miners in the world
- Flagship Montepuez project located next to London-listed Gemfields (subject to takeover)
- Raised A$13million in equity capital between January 2016 to June 2017; fully-funded to first ruby sale in October 2017
- Current gem ruby inventory of >120,000 carats and growing rapidly
- Targeting 200,000 carats by October 2017 for first bulk auction/tender
- Appointed experienced geologist Peter Spiers to the Board as Non Exec
ABOUT MUSTANG RESOURCES
Mustang Resources Limited (ASX:MUS) is an emerging gemstone explorer and developer focused on delivering significant cashflows in the near term from the highly prospective Montepuez Ruby Project in northern Mozambique, with first rough ruby sales scheduled for October 2017.
Company Updates
THE TAX CHANGED. NOW THE PRODUCT IS CHANGING TO MATCH.
Changes to the 50% capital gains tax discount are shifting Australian private capital away from growth and into high-yielding wrappers. Fund managers are actively redesigning products across private credit and property to capture the incoming capital rotation
The Algorithm Re-Dosing Cancer Treatment: Inside the University of Melbourne Spin-Out Rewriting a 60-Year-Old Formula
Oncology specialists are still calculating toxic chemotherapy doses using a formula from the era of the Ford Model T, leading to a system where seven out of eight patients are routinely overdosed. University of Melbourne spin-out PredicTx is dismantling this legacy approach, utilizing advanced AI to analyze existing patient CT scans, deliver precision medicine to the bedside, and return a massive 100x financial rerate to hospital networks.
Asset over thematic: Centuria’s Andrew Essey warns against ‘blanket strategies’ as global capital eyes Australia
Relying solely on broad macroeconomic trends is the single biggest mistake property investors make today. Centuria Capital CIO Andrew Essey explains why asset-level “lettability” always trumps the overarching sector thematic, and reveals where global institutional capital is quietly pivoting to capture high-octane returns.
Backed By Leading Investment Groups and Family Offices
