1st February 2012 ASX RELEASE EARLY ENCOURAGEMENT FROM PRELIMINARY METALLURGICAL TEST WORK NGUALLA RARE EARTH PROJECT Highlights: Non optimised initial acid leach test work on a composite sample of weathered mineralisation leaches 88 of rare earths. Peak Resources has issued similar announcements 47 times before, most recently about 0 minutes ago on Wednesday 18 January 2012. The announcement ‘Preliminary Metallurgical Test Work Ngualla Rare Earth’ was issued to the ASX on Tuesday 31 January 2012. Notice Type: Exploration Update
Month: January 2012
In Europe the FTSE shed 62 points (-1.1%) to settle at 5671, whilst the CAC (-1.6%) and DAX (-1%) lost similar ground.
Stateside, the Dow Jones fought back towards the close to end just seven points underwater, at 12654, whilst the broader S&P was slightly weaker, giving up 0.3%.
It was the third consecutive losing session for the S&P, which earlier in the session slumped as much as 1.2%.
Economic data in the US continues to show signs of improvements. The Dallas Fed manufacturing jumped index to an 11-month high of +15.3 from -0.3 in January.
Personal incomes grew by 0.5% in December – matching the largest gain in nine months.
The Aussie dollar has slipped back to US$1.05, whilst the euro weakened 0.7% and the US dollar Index added 0.4%.
Oil fell by 0.8% to US$98.78 a barrel in a volatile trading session a day after Iran postponed a parliamentary debate to halt crude sales to the European Union.
Base metal prices were lower; Copper lost 1.2% as Chinese buying did not materialise on the first session after the week long holiday.
Gold fell slightly, down 0.1% to US$1,734.40 an ounce.
Today’s session will bring us data in the form of NAB business confidence and private sectors credit, 11:30am, AEDT.
We will also be in receipt of production numbers from Lynas and Origin while Woolworths releases quarterly sales figures.
The XJO is currently 10 points above water, holding around 4280.
Most sectors are stronger, with consumer discretionary and consumer staples stocks the best performers, whilst energy and financial plays are the hardest hit.
In company news, Platinum Australia has surged as much as 20% after releasing its latest quarterly activities report, whilst Gunns is 30% stronger after agreeing to debt refinancing terms.
Elsewhere, Woolworths has announced plans to sell its struggling Dick Smith consumer electronics division, saying that it was considering several unsolicited offers.
Around the region, Asian markets are mixed; the Hang Seng (+0.7%) and Nikkei (+0.2%) are stronger, whilst the Shanghai Composite (-0.3%) is weaker.
ASX Release ASX Details ASX Code Berlin Frankfurt Share Price Market Cap Shares on issue STB SO3Ber SO3Fra 1.18 114M 96.7M 30 January 2012 Fully Underwritten Non Renounceable Entitlement Offer Notification of Shortfall South Boulder Mines Ltd (ASX: STB) (Company) is pleased to advise the shortfall in subscriptions under its nonrenounceable rights issue announced on 22 December 2011 (Entitlement Offer) as follows: Total number of shares offered: Final number of shares accepted: Shortfall: 65 Company options 9.1M (4.2M) CashNTA 13M (pre rights issue funds) Top 40 shareholders 19,347,138 17,524,374 1,822,764 Contact Details 31 Ventnor Avenue West Perth WA 6000 PO Box 970 West Perth WA 6872 Telephone +61 8 6315 1444 Facsimile +61 8 9478 7093 www.southbouldermines.com.au The Entitlement Offer is fully underwritten. South Boulder Mines has issued similar announcements 91 times before, most recently about 0 minutes ago on Wednesday 18 January 2012. The announcement ‘Notification of Shortfall’ was issued to the ASX on Monday 30 January 2012. Notice Type: Exploration Update
Troy Resources ASX:TRY has published it’s Quarterly Activities Report to the ASX. making a formal announcement entitled ‘Quarterly Activities Report for December 2011’ published on Monday 30 January 2012. The report begins … QUARTERLYREPORT Forthethreemonthsended 31December2011 DECEMBERQUARTERHIGHLIGHTS KEYPOINTS Casposogoldproductionof20,701ounces(oz), anincreaseof87comparedtotheSeptember quarterwithunitcashcostsnetofsilvercredits falling66toUS213perounce(oz). … Troy Resources has issued similar announcements 19 times before, most recently about 0 minutes ago on Monday 31 October 2011. Notice Type: Company Reports Quarterly
Most sectors are weaker with consumer staple and IT issues the poorest performers, whilst consumer discretionary stocks are the best in show.
In company news, Leightons is down 1.3% despite being awarded a $260 million contract for the Wheatstone LNG project.
Around the region, Asian markets are mainly weaker; the Hang Seng is off 0.4% whilst the Nikkei is 0.6% weaker.
Weaker-than-expected US GDP data also weighed on the market’s psyche, curbing optimism following a recent spate of solid economic data.
In Europe the FTSE shed 62 points (-1.1%) to settle at 5733, whilst the CAC (-1.3%) and DAX (-0.4%) also lost ground.
Stateside, the Dow Jones shed 74 points (-0.6%) to settle at 12661, whilst the broader S&P was only 0.2% weaker and the tech-heavy Nasdaq (+0.4%) actually gained ground.
The US economy grew at a 2.8% annual pace in the December quarter, up from 1.8% in the September quarter. Economists had tipped a growth rate near 3%. Consumer sentiment rose from 74.0 to 75.0 in January.
Oil was flat at US$99.56 a barrel, with softer-than-expected US economic growth data offset by news that ConocoPhillips will shut its gasoline unit at the Bayway refinery in New Jersey.
Base metals were mixed; nickel rose 0.5% and tin rose 1.6% but other metals lost ground.
Gold rose slightly, adding 0.4% to US$1,740 an ounce on the back of a weaker US dollar.
There is no major local economic data due out for today’s session.
Type text January 30, 2012 First Drill Hole Completed at La Negra Red Gum Resources Limited (ASX: RGX, Red Gum or the Company) is pleased to announce that it has completed the maiden drill hole of its first phase drilling program at its La Negra polymetallic (ZincLeadCopperGoldSilver) Project in northern Chile. RED GUM RESOURCES LIMITED has issued similar announcements three times before, most recently about 0 minutes ago on Friday 27 January 2012. The announcement ‘First Drill Hole Completed at La Negra’ was issued to the ASX on Monday 30 January 2012. Notice Type: Exploration Update
ASX Code: THR 30 January 2012 Company Announcements Office, ASX Securities Limited, 20, Bridge Street, Sydney, N.S.W. Thor Mining PLC has issued similar announcements 37 times before, most recently about 0 minutes ago on Monday 23 January 2012. The announcement ‘Molyhil Resource Estimate 25 Higher’ was issued to the ASX on Monday 30 January 2012. Notice Type: Exploration Update