Civmec (CVL) - Key Strategic Locations – Initiation
We initiate on Civmec with a BUY call and a $1.55 valuation. Civmec has grown to become a large business with key strategic assets anchoring growth.
90 Views
Civmec (CVL) - Award Delays to Impact 2H
Delays in awards this half are expected to impact activity levels in 2H25 and we have pulled back our FY25 EBITDA forecast by 4% as a result.
84 Views
Austin Engineering (ANG) - All Regions Firing – Initiation
The Austin 2.0 strategy, supported by a sound balance sheet, has been well executed to date. We expect scale, process efficiencies, and design...
76 Views
Northern Minerals (NTU) - Strategic Imperative
Intervention by the Australian Government is likely to prevent increased Chinese influence on NTU. The Browns Range project hosts uniquely enriched...
343 Views
Northern Minerals (NTU) - Status Report
We provide an update for Northern Minerals and its strategically important Browns Range heavy rare earth element development project.
171 Views