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Month: February 2012

Corrected Half Year Results Presentation

29 February 2012 Mastermyne Half Year Results Presentation correction We advise that the presentation lodged with the ASX yesterday had an error on page 17 in that some colour bars on the chart were misplaced. Mastermyne has issued similar announcements 10 times before, most recently about 0 minutes ago on Tuesday 28 February 2012. The announcement ‘Corrected Half Year Results Presentation’ was issued to the ASX on Wednesday 29 February 2012. Notice Type: Company Reports Half Yearly

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2011 Financial Report

Moly Mines ASX:MOL has announced details of a Buy Back, Dividend or New Issue. The notice entitled ‘2011 Financial Report’ was published on Wednesday 29 February 2012. Moly Mines has issued similar announcements 32 times before, most recently about 0 minutes ago on Wednesday 15 February 2012. Notice Type: Share Buyback, Special Dividend, Issue, or Capital Return

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Options Expiry 31 March 2012

Pharmaust ASX:PAA has announced details of a Buy Back, Dividend or New Issue. The notice entitled ‘Options Expiry 31 March 2012’ was published on Wednesday 29 February 2012. Pharmaust has issued similar announcements 17 times before, most recently about 0 minutes ago on Thursday 03 November 2011. Notice Type: Share Buyback, Special Dividend, Issue, or Capital Return

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Midday Market Analysis: Retail Sales Provide Boost

Midday Market Analysis: Retail Sales Provide Boost

Midday Market Analysis: Retail Sales Provide Boost

The Aussie market is faring well so far today, currently 45 points (+1.1%) stronger, at 4310.

The materials sector is leading the charge higher, with consumer staples and financials firmly in tow.

Only the consumer discretionary sector is underwater.

A solid retails sales number has provided a boost, with sales rising 0.3% in January following a 0.1% drop in December. The result was in line with expectations.

In company news, Seven Group Holdings announced a 1H FY12 profit of $52.1 million, a 57.8% fall on the previous corresponding period. The result was better than the market expected.

Elsewhere, Harvey Norman Holdings posted its 1H FY12 earnings, showing a net profit of $129 million, a 2.1% fall compared to FY11. The result missed analyst expectations.

Around the region, Asian markets mainly stronger; the Hang Seng is up 0.3% whilst the Nikkei is 1.2% firmer.

Only the Shanghai Composite is weaker, currently down 0.7%.

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Midday Market Analysis: Retail Sales Provide Boost is a post from: Australian Stock Report Market Pulse Blog

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Evening Market Commentary: A Good Day

Evening Market Commentary: A Good Day

Evening Market Commentary: A Good Day

Aussie shares jumped higher today, following positive leads from international markets overnight.

Investors were also optimistic ahead of tonight’s ECB bank refinancing operation, which is expected to further ease liquidity strains in the financial system.

Most sectors finished in front, with consumer discretionary the only exception.

The big four all improved; NAB and Westpac were the best of the four with a rise of 1.6% and 1.1%, respectively.

The mining majors were mixed; BHP advanced 1%, while rival Rio Tinto let go of 0.4%.

Elsewhere in the sector, Orica finished up 2.9% after saying its FY12 underlying earnings were expected to beat FY11’s result.

The ASX 200 added 36 points (+0.8%), to close at 4299.

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Evening Market Commentary: A Good Day is a post from: Australian Stock Report Market Pulse Blog

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Eternal Resources Limited Acquisition Update

29 February 2012 ASX Market Announcements ASX Limited 20 Bridge Street Sydney NSW 2000 ETERNAL RESOURCES LIMITED ACQUISITION UPDATE On 13 February 2012, Sprint Energy Resources Limited (Sprint) (ASX Code: SPS) announced that it has entered into an exclusive option agreement to acquire Eternal Resources Ltd (Eternal) and its entire production, appraisal and exploration asset portfolio in Louisiana, USA. SPRINT ENERGY LIMITED has issued similar announcements four times before, most recently about 0 minutes ago on Tuesday 28 February 2012. The announcement ‘Eternal Resources Limited Acquisition Update’ was issued to the ASX on Wednesday 29 February 2012. Notice Type: Mergers, acquisitions, takeovers

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Half Yearly Report and Accounts and Appendix 4D

Appendix 4D Halfyear report Period ended 31 December 2011 Name of Entity JV GLOBAL LTD ACN 009 142 125 1 (ASX code: JVG) Financial Year ended (current period) Financial Year ended (previous period) 31 December 2011 31 December 2010 2 Results for announcement to the market Change 2.1 Revenue 2.2 Loss after Tax 2.3 Net loss for the period attributable to Members 2.4 Dividends Dividends Final Dividend Interim Dividend Previous Corresponding Period Amount per Security Nil Nil Nil Franked amount per security Nil Nil Nil down down down 100 50 340 Amount of Change 45,033 187,557 1,265,485 0 371,866 371,866 2.5 Record date for determining entitlement to the dividend Not Applicable 2.6 Brief explanation of figure reported above to enable the figures to be understood. JV Global has issued similar announcements one time before, most recently about 0 minutes ago on Friday 27 February 2009. The announcement ‘Half Yearly Report and Accounts and Appendix 4D’ was issued to the ASX on Wednesday 29 February 2012. Notice Type: Company Reports Half Yearly

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Exploration Update – Lithex to Target Heavy Rare …

29 February 2012 EXPLORATION UPDATE SHAW RIVER, PILGANGOORA amp ARTHUR RIVER LITHEX TO TARGET HEAVY RARE EARTHS Lithex commences ground reconnaissance work at the Shaw River Project Potential for pegmatite hosted heavy rare earth mineralisation (HREE) at the Shaw River Project Pegmatites identified at the Pilgangoora Project with mapping amp sampling activities underway Further application made for an additional exploration licence within the Arthur River Project Perth Western Australia, Lithex Resources Limited (ASX:LTX) is pleased to provide an update on the companys Shaw River and Pilgangoora Projects (located in the East Pilbara) and the companys Arthur River Project (located in the Gascoyne). LITHEX RESOURCES LIMITED has issued similar announcements five times before, most recently about 0 minutes ago on Wednesday 26 October 2011. The announcement ‘Exploration Update Lithex to Target Heavy Rare Earths’ was issued to the ASX on Wednesday 29 February 2012. Notice Type: Other not one of the above

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Change of Director`s Interest Notice – Martin Green

Appendix 3Y Change of Directors Interest Notice Rule 3.19A.2 Appendix 3Y Change of Directors Interest Notice Information or documents not available now must be given to ASX as soon as available. AJ Lucas has issued similar announcements nine times before, most recently about 0 minutes ago on Tuesday 10 January 2012. The announcement ‘Change of Directors Interest Notice Martin Green’ was issued to the ASX on Wednesday 29 February 2012. Notice Type: Directors Interest Notice Change

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Morning Market Analysis: Creeping Higher

Morning Market Analysis: Creeping Higher

Morning Market Analysis: Creeping Higher

Green ink lit up the international leaderboard overnight with all major indices positing gains, albeit modest ones.

In Europe the FTSE added 12 points (+0.2%) to settle at 5928, whilst the CAC (+0.4%) and DAX (+0.6%) also posted gains.

European shares posted gains despite weaker than expected eurozone consumer confidence which came in at -20.3 versus an expected -20.2.

Elsewhere in the region, UK house prices rose 1.1% in January from December, whilst inflation expectations for the year ahead rose to 2.8% in February from 2.6% in January.

Stateside, the Dow Jones added 24 points (+0.2%) to close above the key 13000 point, whilst the S&P (+0.3%) and Nasdaq (+0.7%) also gained ground.

US durable goods orders fell by 4.0% in January, below expectations for a fall of 1%. Excluding transport, orders fell by 3.2%. The fall was blamed on expiration of a tax incentive at the end of 2011. US consumer confidence rose from 61.5 to a 12-month high of 70.8.

The Richmond Fed manufacturing index lifted from +12 to a 12-month high of +20 and the S&P/Case Shiller home price series fell 0.5% in December, as expected.

The Aussie dollar remains strong, trading around is strong at US$1.075, whilst the euro strengthened against the greenback and yen on speculation an ECB allotment of three-year loans to banks tomorrow will bolster investor appetite for the region’s assets.

Oil lost ground again, giving up 1.9% to US$106.55 a barrel.

Base metals were mixed again; tin rose 1.5% and zinc added 1.2%. Other metals were little changed except nickel which lost 1.9%.

Gold rose for the first time in three sessions, adding 0.7% to US$1,790 an ounce.

In company news, WorleyParsons has reported an 18% rise in 1H12 net profit to $152 million. All divisions reported earnings growth, however margins were impacted by cost increases.

Earnings are also expected from Harvey Norman and Lynas. Rio (84c), Echo (4c) and Tatts (11c) go ex dividend today.

Today’s session will bring us data in the form of HIA new home sales (tentative), retail sales, construction, and private sector credit (11:30am, AEDT).

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Morning Market Analysis: Creeping Higher is a post from: Australian Stock Report Market Pulse Blog

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