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Pre-poll voting period could face review

The early-voting period is expected to be reviewed with senior figures on both sides of politics questioning if three weeks is too long. Treasurer Josh Frydenberg said the early-voting period made it hard for MPs holding portfolio responsibilities to cover their electorates as well as other parts of the country. “It does feel a bit long, three weeks,” he told reporters in Melbourne on Tuesday. “That's an issue that will probably be revisited by both sides of politics after this election.” READ ALSO: Opposition Leader Bill Shorten said he wanted to focus on convincing people to vote Labor “We can review these things after an election but my focus is on the election,” he told reporters in Geelong. “One of the themes that is leading to early pre-poll activity is a mood for change. ” Labor frontbencher Anthony Albanese said the length of pre-poll voting should be reviewed. “I would have thought that needs to be looked at,” Mr Albanese told Sky News. “I think pre-poll voting is very va..

The early-voting period is expected to be reviewed with senior figures on both sides of politics questioning if three weeks is too long. Treasurer Josh Frydenberg said the early-voting period made it hard for MPs holding portfolio responsibilities to cover their electorates as well as other parts of the country. "It does feel a bit long, three weeks," he told reporters in Melbourne on Tuesday. "That's an issue that will probably be revisited by both sides of politics after this election." READ ALSO: Opposition Leader Bill Shorten said he wanted to focus on convincing people to vote Labor "We can review these things after an election but my focus is on the election," he told reporters in Geelong. "One of the themes that is leading to early pre-poll activity is a mood for change. " Labor frontbencher Anthony Albanese said the length of pre-poll voting should be reviewed. "I would have thought that needs to be looked at," Mr Albanese told Sky News. "I think pre-poll voting is very valuable but three weeks is a very, very long time." He said up to two million people may vote before the coalition's official campaign launch on Sunday in Melbourne. "We only had our launch on Sunday. The government is still trying to find some policies to launch next Sunday," he said. Earlier in the week, independent MP Kerryn Phelps said people voting in the final week were doing so under different circumstances to when early voting opens. "We need to look at that. Is that what we really want to see? Or should it really be compressed into a week and perhaps some postal voting," she said. In 2007, pre-poll votes excluding postal votes were 8.2 per cent, rising to 22.7 per cent in 2016. Adding postals, the early voting figure for 2007 rose to 13 per cent, while in 2016 it was 31 per cent. A record 16.4 million Australians are enrolled to vote at this election with polls to close on May 18. Australian Associated Press

The early-voting period is expected to be reviewed with senior figures on both sides of politics questioning if three weeks is too long.

Treasurer Josh Frydenberg said the early-voting period made it hard for MPs holding portfolio responsibilities to cover their electorates as well as other parts of the country.

"It does feel a bit long, three weeks," he told reporters in Melbourne on Tuesday.

"That's an issue that will probably be revisited by both sides of politics after this election."

READ ALSO:

Opposition Leader Bill Shorten said he wanted to focus on convincing people to vote Labor

"We can review these things after an election but my focus is on the election," he told reporters in Geelong.

"One of the themes that is leading to early pre-poll activity is a mood for change. "

Labor frontbencher Anthony Albanese said the length of pre-poll voting should be reviewed.

"I would have thought that needs to be looked at," Mr Albanese told Sky News.

"I think pre-poll voting is very valuable but three weeks is a very, very long time."

He said up to two million people may vote before the coalition's official caRead More – Source

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Australia

S&P/ASX 200 loses steam after China approves controversial Hong Kong security law

S&P/ASX 200 (INDEXASX:XJO) finished 76 points or 1.32% higher today at 5851 – touching a new 11-week high in the process.

The market broke through the 5900 barrier for the first time since March 11 but dropped during afternoon trade as oil prices fell and geopolitical tensions flared.

The index had risen by as much as 2.5% on a strong lead from Wall Street but sagged as China's legislature approved a proposal to impose the controversial National Security Law in Hong Kong.

Top gainers[hhmc]
Top gainers on the ASX today include Bellevue Gold Ltd (ASX:BGL) (+11.11%), Vrx Silica Ltd (ASX:VRX) (+9.37%), MacArthur Minerals Ltd (ASX:MIO) (+10.53%), Musgrave Minerals Ltd (ASX:MGV) (7.41%), Northern Minerals Ltd (ASX:NTU) (+9.09%), Predictive Discovery Ltd (ASX:PDI) (+10.23%) and Twenty Seven Co Ltd (ASX:TSC) (+16.67%).

Proactive news headlines:
Fe Limited step closer to completing $7 million iron ore royalty sale with buyer gaining FIRB approval[hhmc]
Fe Limited (ASX:FEL) is a step cl..

S&P/ASX 200 (INDEXASX:XJO) finished 76 points or 1.32% higher today at 5851 – touching a new 11-week high in the process.

The market broke through the 5900 barrier for the first time since March 11 but dropped during afternoon trade as oil prices fell and geopolitical tensions flared.

The index had risen by as much as 2.5% on a strong lead from Wall Street but sagged as China's legislature approved a proposal to impose the controversial National Security Law in Hong Kong.

Top gainers


Top gainers on the ASX today include Bellevue Gold Ltd (ASX:BGL) (+11.11%), Vrx Silica Ltd (ASX:VRX) (+9.37%), MacArthur Minerals Ltd (ASX:MIO) (+10.53%), Musgrave Minerals Ltd (ASX:MGV) (7.41%), Northern Minerals Ltd (ASX:NTU) (+9.09%), Predictive Discovery Ltd (ASX:PDI) (+10.23%) and Twenty Seven Co Ltd (ASX:TSC) (+16.67%).

Proactive news headlines:

Fe Limited step closer to completing $7 million iron ore royalty sale with buyer gaining FIRB approval


Fe Limited (ASX:FEL) is a step closer to receiving $7 million for the sale of its Evanston iron ore royalty interest after buyer Trident Resources PLC (LSE:TRR) received approval from the Foreign Investment Review Board of Australia (FIRB). The only remaining condition to complete the transaction is Trident listing on AIM, which is targeted to occur next week.

Lake Resources looks incredibly undervalued with significant advantages: Orior Capital


Lake Resources NL (ASX:LKE) (OTC:LLKKF) is incredibly undervalued as per a new research report by Orior Capitals Simon Francis, a former top-rated metals and mining analyst in Asia with Macquarie, Credit Suisse and HSBC. This research highlights the potential value of Lakes Kachi Lithium Brine Project in Argentina following the recently released pre-feasibility study (PFS) concerning its sustainable and scalable direct extraction process.

Gold Road on track to produce 250,000-285,000 ounces at Gruyere this year


Gold Road Resources Ltd (ASX:GOR) became one of Australias newest gold producers in June 2019, achieving its first gold pour from the Gruyere Gold Mine in WA along with JV partner Gold Fields Limited (JSE:GFI). Gruyere 2020 gold production for the calendar year is forecast between 250,000 – 285,000 ounces (125,000 – 142,500 ounces attributable to Gold Road).

Imugene research published in prestigious journal titled Frontiers in Immunology


Imugene Ltds (ASX:IMU) preclinical research to improve mimotope vaccines targeting checkpoint inhibitors has been accepted and published in the prestigious journal Frontiers in Immunology.

Ground-breaking research from Vienna identified mimotope peptides that when incorporated into Imugenes proprietary immunotherapeutic vaccine delivery platform generate antibodies that bind specifically to immune cells expressing the PD1 biomarker.

Cassini Resources at 12-month high after intersecting nickel-copper-sulphide in first Yarrawindah Brook holes


Cassini Resources Ltd (ASX:CZI) has intersected nickel-copper sulphide in the first two drill holes at Yarrawindah Brook Project 100 kilometres northeast of Perth, Western Australia. The first two drill holes of a diamond drilling program at Ovis and Ovis down-plunge extension prospects have been completed and a third hole, testing a new elecRead More – Source

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Australia

Fe Limited step closer to completing $7 million iron ore royalty sale with buyer gaining FIRB approval

Fe Limited (ASX:FEL) is a step closer to receiving $7 million for the sale of its Evanston iron ore royalty interest after buyer Trident Resources PLC (LSE:TRR) received approval from the Foreign Investment Review Board of Australia (FIRB).

The only remaining condition to complete the transaction is Trident listing on AIM, which is targeted to occur next week.

Sale of the royalty, which covers a portion of the Koolyanobbing Iron Ore Mine in Western Australia was overwhelmingly approved by FEL shareholders at an extraordinary general meeting.

Financial certainty[hhmc]
This sale provides certainty for FELs financing position as the royalty stream is variable and depends on a range of factors such as the iron ore price, currency and production rates over which FEL has no control.

The Evanston royalty has seen FEL receive $1.829 million in the last 12 months from the sale of 1.228 million tonnes following the recommissioning of the mine in December 2018.

A sale and purchase agreement ..

Fe Limited (ASX:FEL) is a step closer to receiving $7 million for the sale of its Evanston iron ore royalty interest after buyer Trident Resources PLC (LSE:TRR) received approval from the Foreign Investment Review Board of Australia (FIRB).

The only remaining condition to complete the transaction is Trident listing on AIM, which is targeted to occur next week.

Sale of the royalty, which covers a portion of the Koolyanobbing Iron Ore Mine in Western Australia was overwhelmingly approved by FEL shareholders at an extraordinary general meeting.

Financial certainty


This sale provides certainty for FELs financing position as the royalty stream is variable and depends on a range of factors such as the iron ore price, currency and production rates over which FEL has no control.

The Evanston royalty has seen FEL receive $1.829 million in the last 12 months from the sale of 1.228 million tonnes following the recommissioning of the mine in December 2018.

A sale and purchase agreement with TRR Services Australia Pty Ltd, a subsidiary of Trident Resources, provides for cash consideration to be paid in two instalments.

The first $4 million is payable upon completion of the transaction and the remainder is payable one day after the first anniversary of completion.

Funds to support exploration


Funds from the sale will provide FEL with the necessary funding to support ongoing exploration programs.

This includes follow-up works to the drilling comRead More – Source

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Lake Resources looks incredibly undervalued with significant advantages: Orior Capital

Lake Resources NL (ASX:LKE) (OTC:LLKKF) is incredibly undervalued as per a new research report by Orior Capitals Simon Francis, a former top-rated metals and mining analyst in Asia with Macquarie, Credit Suisse and HSBC.

This research highlights the potential value of Lakes Kachi Lithium Brine Project in Argentina following the recently released pre-feasibility study (PFS) concerning its sustainable and scalable direct extraction process.

The Hong Kong-based analyst highlighted Kachis significant and sustainable competitive advantages including its ability to produce a 99.9% lithium carbonate battery-grade product with low impurities, based on a sustainable process, as sought by electric vehicle (EV) makers.

Francis' research references the production of the samples from the pilot plant modules as being a critical value catalyst for Lake.

The report also highlights the growing global demand for lithium as EV penetration increases, yet challenges to supply are expected to resul..

Lake Resources NL (ASX:LKE) (OTC:LLKKF) is incredibly undervalued as per a new research report by Orior Capitals Simon Francis, a former top-rated metals and mining analyst in Asia with Macquarie, Credit Suisse and HSBC.

This research highlights the potential value of Lakes Kachi Lithium Brine Project in Argentina following the recently released pre-feasibility study (PFS) concerning its sustainable and scalable direct extraction process.

The Hong Kong-based analyst highlighted Kachis significant and sustainable competitive advantages including its ability to produce a 99.9% lithium carbonate battery-grade product with low impurities, based on a sustainable process, as sought by electric vehicle (EV) makers.

Francis' research references the production of the samples from the pilot plant modules as being a critical value catalyst for Lake.

The report also highlights the growing global demand for lithium as EV penetration increases, yet challenges to supply are expected to result in growing supply deficits by the mid-2020s, particularly for battery-grade products.

Valuation of 29 cents per share


Noting that Lake looks incredibly undervalued Francis said: "Despite robust financial metrics, the advantages of direct extraction and the excellent long-term outlook for lithium, Lake Resources is trading at less than 2% of NPV.

“Canadian company Standard Lithium, which is also developing a direct extraction project is trading at ~20% of attributable NPV.

“In February 2020, Orocobre paid an estimated 16% of NPV to acquire Advantage Lithium.

“Valuing Kachi at 15% of NPV and Lakes other projects at say, A$25m, suggests a valuation of A$0.29 per share. This is ~9x the current share price."

Shares today have been as much as 14% higher to 4 cents and are up from 2.5 cents at close on March 24.

Pilot plant progress


Following Lakes recent release of the Kachi PFS, the company has intensified discussions with downstream participants and financers.

Lake is also processing lithium brine samples from Kachi at its technology partner, Lilac Solutions direct extraction pilot plant module in Oakland, California.

Lilac hRead More – Source

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