Market Herald logo


Be the first with the news that moves the market

Scidev has announced quarterly cash receipts of $760,000, up $91,000 from 2018 December’s $669,000.

Scidev specialises in water-solid separation technology. The company currently services numerous operations in mining, water treatment and waste management.

The company also secured distribution rights in Australia and the Oceanic region for products made by Chinese manufacturer Nuoer Group.

Nuoer specialise in research and development, manufacturing, sales and services of products containing polyacrylamide. Polyacrylamide is an important chemical for the basis of water-solid separations.

Scidev and Nuoer will also work together to develop new products and sales strategies for the global industrial market.

During the quarter Scidev also completed a capital raising of $2.5 million via a rights issue and two-tranche share placement at $0.06 per share.

Parties under Nuoer management subscribed for 5 million shares.

Please see announcement for further details.

SDV by the numbers
More From The Market Herald

" Bounty Oil & Gas (ASX:BUY) buys stake in Carnarvon oil play

Bounty Oil & Gas (BUY) is acquiring a 25 per cent stake in four oil exploration licences in the Carnarvon Basin of Western

" Global Oil and Gas (ASX:GLV) begins exploration at EP127

Global Oil and Gas (GLV) has begun an exploration program at its wholly owned exploration permit EP127 in the southern Georgina Basin of
Triangle Energy (ASX:TEG) - Managing Director, Robert Towner

" Triangle Energy (ASX:TEG) and Pilot Energy (ASX:PGY) sign offtake deal with BP Singapore

Triangle Energy (TEG) and Pilot Energy (PGY) have signed a binding offtake deal with BP Singapore for the sale and purchase of crude

" Otto (ASX:OEL) to participate in two onshore Gulf Coast wells

Otto Energy (OEL) has agreed to participate in two onshore prospects in Texas.