On Monday, Shares of Synthesis Energy Systems, Inc. (NASDAQ:SYMX), skyrocketed 70.37% to $1.84, hitting its highest level, after it was revealed that John Paulson, hedge fund manager of the $19.3 billion Paulson & Co. hedge fund, established a new 10 million share stake in the energy and chemical industries products, and solutions provider.
Paulson purchased what amounts to 11.7% of the company’s outstanding shares on April 14, the same day that the company agreed to a direct placement of 12 million common shares for $12 million to “certain accredited investors”, though it did not reference Paulson by name.
Paulson & Co has $30.85 billion assets under administration (AUM) and the industrial sector represents about 12% of its equities portfolio, according to OctaFinance.
Synthesis Energy Systems, Inc., a development stage energy and gasification technology company, provides various proprietary gasification technology systems and solutions to the energy and chemical industries worldwide.
At the end of Monday’s trade, Shares of Aerohive Networks, Inc. (NYSE:HIVE), jumped 18.29% to $6.21.
Aerohive Networks, declared that Dell will resell Aerohive’s solutions worldwide, offering Dell’s customers the powerful combination of Aerohive’s Wi-Fi and cloud services, and Dell’s broad set of solutions from the data center all the way to endpoint devices. Dell and Aerohive expect to work together to execute their shared vision of cloud-managed IT to provide simplified and streamlined operations, configuration, monitoring and troubleshooting for all elements of customers’ networks.
News Facts
- Mobile technologies offer organizations and institutions new opportunities to engage customers, improve productivity, promote collaboration, and ultimately grow their business. This requires the foundation of a robust, scalable, and easy to manage Wi-Fi and mobility infrastructure.
- Under the agreement and relationship declared recently Dell is reselling Aerohive’s award-winning cloud-managed Wi-Fi solutions alongside other Dell products. This provides customers access to comprehensive solutions from the data center all the way to endpoint devices.
- Dell will offer Aerohive’s 802.11ac access points and HiveManager® NG, Aerohive’s next-generation cloud platform. HiveManager NG centralizes the administration, provisioning, and monitoring of mobility networks, setting a new standard for simplicity and flexibility. With HiveManager NG, a customer can completely deploy and configure an enterprise-class network in less than 15 minutes, and can seamlessly scale from a small, basic network to larger, complex network.
- Aerohive and Dell have a shared vision of using “cloud-managed IT” to deliver an elegant and cost-effective approach to otherwise complex networking and enterprise IT needs.
Aerohive Networks, Inc., together with its auxiliaries, designs and develops cloud-managed mobile networking platform that enables enterprises to deploy a mobile-centric network edge in the United States and internationally.
Youku Tudou Inc. (NYSE:YOKU), ended its last trade with 10.98% gain, and closed at $18.90, after Chinese Internet stocks rallied across the board after an overnight rally on the mainland.
The Shanghai Composite Index rose 2.7% to reach its highest level since late 2007.
“Funds of various mandates are underweight the market in a range of 140-600bp, and thus have marked benchmark stress and a need to raise exposure to China,” Goldman Sachs wrote in a research note. “With active fund managers still underexposed to the market, the rally isn’t over.”
Youku Tudou Inc. operates as an Internet television company in the Peoples Republic of China. Its Internet television platform enables consumers to search, view, and share video content across various devices.
Finally, Coeur Mining, Inc. (NYSE:CDE), closed at $10.25, with 5.70% gain.
Coeur Mining, declared the addition of 25.4 million silver ounces and 376,000 gold ounces to the proven and probable reserves at its Palmarejo mine in Mexico, representing 89% and 76% enhances, respectively, contrast to year-end 2014. Palmarejo’s reserves now total 54.0 million silver ounces and 876,000 gold ounces.
Included in these reserves are 20.1 million silver ounces and 278,000 gold ounces at the newly-attained deposit formerly named Don Ese by Paramount Gold and Silver Corp., which is the continuation of Coeur’s recently-discovered Independencia deposit.
Coeur Mining, Inc., through its auxiliaries, engages in the ownership, operation, exploration, and development of silver and gold mining properties primarily in the United States, Mexico, Bolivia, Argentina, Australia, Ecuador, Chile, and New Zealand. Its principal properties comprise the Palmarejo silver and gold mine in Mexico; San Bartolomé silver mine in Bolivia.
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