ASX:AQN

3 stories mentioning ASX:AQN

Every FINWIRES story that references ASX:AQN, newest first.

Aquirian Expected to Have Balance Sheet Flexibility to Advance Drillforce Unit, Euroz Hartleys Says

Aquirian (ASX:AQN) is expected to have the balance sheet flexibility to advance the ramp-up of its Drillforce subsidiary, increasing the likelihood of future upgrades, Euroz Hartleys said in a Tuesday note.The company recently raised AU$8 million through the placement of about 19.9 million shares at AU$0.40 apiece, with proceeds to be used in the inventory build of automated Collar Keeper Systems and critical spares, Drillforce working capital management, and debt restructuring.Ongoing conversion of the opportunity pipeline is expected to drive earnings upgrades, aligning earnings multiples more closely with peers, the investment advisory firm said.Euroz Hartleys reaffirmed its buy recommendation on Aquirian and raised its price target to AU$0.80 from AU$0.75.

ASX:AQN

Asia42d ago

Aquirian Completes Commercial Deliveries to Zambia, Congo; Advances New Distribution Channels; Shares Down 4%

Aquirian (ASX:AQN) said it has completed three commercial deliveries of Collar Keeper products into its regional distribution partner for Zambia and the Democratic Republic of Congo, according to a Monday Australian bourse filing.The company said negotiations for a new distribution channel across Chile and Peru are nearing completion, with initial orders anticipated, while a broader Southern Africa regional distribution partnership is well advanced.The Manual Collar Keeper System is now available on three original equipment manufacturer rigs, including Epiroc, Sandvik, and Hyundai Everdigm, while the biodegradable Collar Keeper has received its first small-scale commercial order from a long-term client in the Pilbara, with delivery and field deployment expected in the coming weeks, the company added.The Automated Collar Keeper System has been fitted to the first Drillforce WA T45 drill rig, the first of three to be fitted with automated in-cab operation for the Brightstar Resources' (ASX:BTR) Lord Byron project in Western Australia, which is expected to commence in September and represents the first project delivered under the strategic framework agreement, per the filing.Aquirian's shares fell past 4% in recent Monday trade, while Brightstar Resources' shares shed 2%.

ASX:AQNASX:BTR

Asia59d ago

Aquirian Expected to Benefit From New Supply Agreement, Says Euroz Hartleys

Aquirian's (ASX:AQN) new supply agreement is an early validation of its integrated drill and blast model, supporting increased exposure to Western Australia gold activity and providing a pathway to higher-margin, vertically integrated earnings over time, said Euroz Hartleys in a Thursday note.The research firm noted that the agreement with Brightstar Resources (ASX:BTR) totals AU$48 million over an initial three-year period and commences in September 2026.The research firm said that the contract implies about AU$2.5 million in annual earnings before interest, taxes, depreciation, and amortization (EBITDA), when the previously guided 16% EBITDA margin is applied, being a conservative view.Euroz Hartleys expects fiscal 2027 EBITDA of AU$8.5 million and fiscal 2026 EBITDA of AU$5.2 million.Euroz Hartleys kept a buy rating on Aquirian with an under review price target of AU$0.70.Aquirian's shares fell past 2% in recent Friday trade, while Brightstar Resources' shares tumbled 5%.

ASX:AQNASX:BTR