Since we initiated coverage on EML (formerly known as Adept Solutions) the company has secured a number of new agreements to provide prepaid card products and processing services. The company has been focusing on growing the reloadable business, which is where revenue growth is likely to come from for the company

In May 2013, the Fund announced the successful completion of a capital raising. The Fund was seeking to raise $50M with the ability to oversubscribe by a further $50M. The Fund raised $68.5M through the issue of 38.7M units, representing 19% of the total units on issue. The units were issued at $1.77 per unit. This capital raising adds to the $100M raised in December 2012.

EXG has increased its Zoroastrian deposit JORC Resource Estimate to 6.58Mt at an average grade of 2.48g/t of gold, taking the total Resource Estimate at the Kalgoorlie North Gold Project to 21.4Mt at 1.73g/t gold. 67% of the total resource is classified as Measured and Indicated.

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). The company is incorporated in PNG and is also listed on the POMSoX and all assets are located in Papua New Guinea (PNG). We maintain our valuation as per our last update note.

Much needed capital raised, much more needed. PWN raised $1.79M in a recent Renouncable Entitlement Issue. The offer to shareholders was for one share for every six shares held at $0.22 per share plus one free attaching option excersiable at $0.30 per option on or before 15 March 2015