Daily FNArena News - Small Caps

Kasbah Resources is developing the Achmmach tin project in Morocco. The project has the potential to grow beyond expectations, says Ord Minnett.

Tox Free Solutions has acquired Waste Solutions in the Northern Territory, the deal seen as earnings accretive and offering additional growth prospects.

Phosphagenics is developing drug patch delivery technology and Southern Cross sees significant upside potential.

Two brokers have today upgraded Extract Resources to Buy following a big price drop and significant takeover potential.

Intersuisse predicts a positive news flow for PepinNini as the former uranium explorer shifts focus to iron ore.

Coppermoly is exploring on New Britain island in PNG and with Barrick of Canada farming into what appear prospective leases, Intersuisse initiates coverage with a Spec Buy rating.

An independent US investment consulting firm has estimated a substantial fair value for Algae.Tec shares in a commissioned due diligence report.

While an equity raising may be required to cover a capex increase at the Karara project, DJ Carmichael sees enough value to initiate with a Buy rating on emerging iron ore producer Gindalbie Metals.

Stockbroker Moelis continues to rate Norfolk Group a Buy given solid earnings growth expectations and no debt.

Intersuisse has initiated coverage on junior copper explorer Syndicated Metals with a Speculative Buy rating.