Todd River Resources (ASX: TRT, Todd River or“the Company”) is a Northern Territory explorer, with a diverse portfolio of greenfields to advanced exploration and near development assets over a wide range of prospective geological settings, including those with known world-class deposits. Having recently listed on the ASX via an oversubscribed spin out from TNG limited, Todd River is well cashed up, with ~$5.5 million in the bank.

The Company reported a net loss after tax of $45.1m on the back of increasing costs. Revenue continued to improve, up 33.4% on the pcp, driven by increased rental income. Rental income continues to improve as the number of properties leased increases. The Fund reported a loss before tax of $27.0m, its first full year loss before tax since listing in 2012.

With combined neodymium and praseodymium (commonly referred to jointly as “didymium”) grades of ~0.4%, or 33% of the total rare earths oxide ("TREO") grade of 1.18%, Yangibana has a relatively high content of these two rare earths oxides (“REO”) that are considered to provide the strongest growth potential in the rare earths space over the short to medium term.

Spring FG (ASX: SFL) has announced the acquisition of financial service organisation Financial Choice Pty Ltd for a total commitment of $4.8M. While Financial Choice provides a range of financial services, SFL has more extensive capabilities related to financial management including property, taxation, mortgage and insurance services. We expect SFL to enhance the revenue stream of the merged group over time by cross selling its product suite.

The company delivered revenue growth of 59.9% on the pcp to $103.9m and NPAT growth of 265% to $22.2m. Earnings was up across all three divisions with the Tracking Solutions division delivering its maiden profit. The sale of higher priced products saw the company deliver significantly improved margins for 1H17, with sales of the GPZ 7000 gold detector a key driver.