Aptly named Bright Star Resources (BUT-ASX) is yet another basket case shell company turnaround with grand hopes on the back of a surging gold price. Formerly known as Tasman Goldfields, a management shake-out has resulted in the company now being in the hands of Warren and Geoffrey Gilmour of Andean Resources fame. With the Andean Resources phase now over (Andean was recently taken over by Canadian company Eldorado Gold Corporation), the Gilmours' have now moved onto Tasman Gold, and in line with their planned turnaround and hopefully bright future, they have re-named the company Bright Star Resources.

 

Since taking over management of the company, the team have moved swiftly to revitalise the company's direction. First steps included, recapitalising the company with a $5m raising and divestment, liquidation or release of non-core projects and leases....

DataDot Technology Limited (DDT-ASX) may be a company many have not heard of, however I'd suggest anyone experiencing high levels of theft in their neighbourhood and or anyone with a taste for high ROE growth stories, should keep an eye on this small cap Australian company.

 

Thou shall not steal has been a commandment ignored by far too many for far too long, but it is from this that DataDot have developed a suite of property protection, identification and authentication products, most of which are covered by intellectual property laws. Their flagship product (which has been on the market for a number of years) is their DataDot technology. For those who haven't heard of the product, it is a microdot technology that is applied to items before, at or after purchase which provides the product with it own identity, somewhat similar to engraving the product. The obvious...