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Tandou Limited (“Tandou”, “the Company”) is a Australian agribusiness and water investment company. It owns rural property covering ~127,000ha near Menindee, NSW and 6,000h near Hay. It’s farming operations have capacity to produce ~110K cotton bales pa. It also owns 84.5 Gigalitres of water entitlement in the Southern Murray-Darling Basin.
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Mincor Resources NL (MCR.ASX)
Mincor Resources NL (“Mincor” or the “Company”) is an Australian mining company with nickel assets in Kambalda, Western Australia. It operates the Miitel and Mariners nickel mines, which host reserves of 0.67Million Tonnes (MT) @ 3.2% Ni, for 21kT contained metal. Operations commenced in 2001 and existing reserves imply a remaining mine life of two years. Additional Indicated and Inferred resources total 2.4MT @ 3.7% Ni, for 95kT contained metal.
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iiNet Limited (“iiNet”, the Company”) is an Australian provider of telecommunications and media services. It is the country’s second largest DSL Internet Service Provider, supporting over 1.7 million broadband, telephony and Internet Protocol TV services. We initiated coverage in July 2012 at $3.24 with a ‘buy’ recommendation for its strong growth outlook. Our last advice was a ‘hold’ recommendation in Mar 2013 at $5.19.
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