Saturday, February 04, 2012

Dow Jones soars 157 points by the close, NASDAQ hits 11 year high; Tyson Foods in focus

The signs point to a strong opening on the ASX on Monday, as the Dow Jones jumps 157 points to 12,862. The NASDAQ leapt to an 11 year high, up 46 points to 2606.

ARTICLES

Friday, February 03, 2012

Sun shines on ASX gold plays Medusa Mining, Aphrodite Gold and Hill End Gold

Gold companies bucked negativity on the overall market in today’s trade, with Medusa Mining, Aphrodite Gold, Hill End and others finishing the day higher.
Friday, February 03, 2012

Red Sky Energy sees upside potential as New South Wales decision on Talma CSG pilot draws near

With a decision by the New South Wales State Government on the Talma production pilot due soon, Red Sky is looking forward to further upgrade its gas reserves.
Friday, February 03, 2012

Xceed Resources: Cash backed and developing coal production and cash flows from Moabsvelden

Based on coal sector M&A transactions and current valuations of South African listed coal explorers, Xceed’s current valuation looks light. It is trading at close to cash backing, valuing its coal assets at a minimal amount.
Friday, February 03, 2012

Oro Verde on the exploration trail of gold and copper in Chile, commences trading today

Oro Verde will commence trade on the ASX at 10am (AEDT) this morning after a successful transition to a gold and copper focused explorer in Chile. The company has some highly prospective bulk tonnage projects, including Chuminga with an exploration target of 50-60Mt at 1% copper, 0.35g/t gold and 0.75% zinc.
Friday, February 03, 2012

NASDAQ edges closer to 11 year high; Coffee Roasters, Viacom and Costco in focus

The NASDAQ is now just 14 points away from surpassing the 11 year high of 2873, as the U.S. equity markets continue to shake off the European woes. Precious metals remain strong, with spot gold rallying to US$1760 an ounce.
Thursday, February 02, 2012

Lynas leads the way for resource stocks on the ASX with BHP Billiton and Rio Tinto also higher

Investors responded to reports that resource stocks are undervalued with their wallets, with major miners Rio Tinto, BHP Billiton and Lynas Corporation all closing higher.
Thursday, February 02, 2012

African Energy Resources hits 2.5 billion tonnes Indicated coal Resource in Botswana

With the large near surface resource, AFR's Sese project is centrally located in an African region that is chronically short of power. The resource positions AFR to play a role in supplying this market. Longer term, the Indian thermal coal market beckons for AFR and Sese.
Thursday, February 02, 2012

Peninsula Energy's resource upgrade drilling returns exceptional results at Lance

Regional exploration undertaken by Peninsular at Lance is proving highly successful. There is also potential to increase the existing uranium resource inventory. An upcoming resource recalculation is planned for late March.
Thursday, February 02, 2012

Birimian Gold raises $665,000 to continue gold exploration in West Africa's elephant country

With $1.3m in cash and a $600,000 stake in Aphrodite Gold, the current $5m market cap. means that investors are only placing a valuation of around $3m on the company's West African assets, which are surrounded by multi-million ounce gold mines.
Thursday, February 02, 2012

Dow rises as economic data surprises; Allstate, Electronic Arts, Green Mountain Coffee in focus

The ASX has some positive leads to follow when the market opens in a couple of hours, with the U.S. bourses rallying on some improved economic data. Spot gold has also firmed to around US$1750 an ounce.
Wednesday, February 01, 2012

IMX Resources: new sales agreements signed at higher prices boost Cairn Hill economics

Securing new magnetite ore sales agreements for ore testing could see IMX Resources come out ahead, with the potential for long-term sales agreements at higher prices.

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Nyota Minerals CEO says 2012 looks very exciting for the company

Richard Chase, CEO at Nyota Minerals (LON:NYO, ASX:NYO), tells Proactive Investors that the company is in the right place at the right time...
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Mako Energy says current share price only take into account land values

Simon Owen, Exec Vice Chairman at Mako Energy(ASX:MKE)tells Proactive Investors that in Alberta Mako has "one very big and one potentially...
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IronClad CEO says there's tremendous potential for shareholders

IronClad (ASX:IFE) Chairman, Ian Finch, tells Proactive Investors that while its Wilcherry Hill project has a potential 5-600 million tons of...
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Proactive Investors interview with David Sargeant, Empire Resources

David Sargeant, Managing Director of Empire Resources (ASX: ERL) talks about progress at the Yuinmery copper discovery
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Proactive Investors interview with Leon Reisgys, Aphrodite Gold

Leon Reisgys, Executive Director of Exploration at Aphrodite Gold (ASX: AQQ) talks about progress at the Aphrodite Gold project
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Proactive Investors interview with John Lawton, Auzex Resources

John Lawton, MD at Auzex Resources (ASX:AZX), believes there's a 30 to 40% undervaluation of the company.
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Saturday, February 04, 2012

Something for everyone at next Thursday's Proactive Investors One2One Forum in London: ImmuPharma, Oxford Pharmascience, Seeing Machines and Probability

We have a line-up that offers something for everyone at the Proactive Investors One2One Forum in London next Thursday (February 9). We have ImmuPharma and Oxford Pharmascience presenting alongside Seeing Machines and Probability.
Saturday, February 04, 2012

Tangiers Petroleum AIM listing kicks off busy and exciting year

The London listing of Tangiers Petroleum kicks off what is expected to be an incredibly busy and exciting year. The group, which owns potentially company-making assets in Morocco and Australia, is hoping to negotiate farm-in deals on both.
Saturday, February 04, 2012

Avocet Mining: Analysts welcome Inata gold reserve upgrade

Avocet revealed that it has doubled the gold reserve at the Burkino Faso mine, where it began production in June.
Friday, February 03, 2012

Tangiers Petroleum Chairman says 2012 will be busy as it moves towards drilling

Mark Ceglinski, Tangiers Petroleum Chairman (ASX:TPT), tells Proactive Investors that with the listing in London (LON:TPET) and with the farm-out plans there will be no significant funding demand as it moves towards drilling this year. Mark says that the A$2.08 price target from Old Park Lane Capital doesn't reflect the company's full prospects and investors should watch out for further news this year.

Saturday, February 04, 2012

Dow higher after non-farm payroll data, Tyson Foods in focus

The 243,000 increase in payrolls was the most since April and exceeded all forecasts in a Bloomberg survey by a wide margin.
Saturday, February 04, 2012

Toronto gets a slight kick from US jobs data, despite slower growth at home

Toronto's main market rose Friday afternoon on positive US jobs data, despite the fact that Canada's economy saw far worse than expected job figures.
Saturday, February 04, 2012

Macusani Yellowcake in $10.1 mln friendly uranium merger with Southern Andes

Macusani Yellowcake (CVE:YEL) said Friday it was buying Southern Andes Energy (CVE:SUR) for about $10.1 million worth of stock, in a friendly bid intended to consolidate the junior uranium explorers' properties.
Saturday, February 04, 2012

Panasonic heads for over $10 billion FY loss

Japan's Panasonic Corp. (NYSE:PC) Friday warned of a record annual $10.2 billion net loss for its fiscal 2011 year, due to restructuring charges and writedowns for its Sanyo Electric unit.

Friday, February 03, 2012

Red Rock Resources acquires option in Kansai Mining

Red Rock Resources (LON:RRR) has acquired an option to acquire a further 4.94 percent of Kansai Mining Corp.

Kansai is Red Rock's joint venture...
Friday, February 03, 2012

Condor Resources reports high grade results from La India project

Condor Resources (LON:CNR) released a strong set of drilling results from its wholly owned La India gold project in Nicaragua and announced the...
Friday, February 03, 2012

Amphion Innovations secures US$500,000 loan from chairman

Amphion Innovations (LON:AMP), the developer of medical and technology businesses, said it has secured additional unsecured loan financing of...
Friday, February 03, 2012

Max Petroleum reports flow test results from two wells in Kazakhstan

Shares in Max Petroleum (LON:MXP) rose after the Kazakhstan focused oil firm reported flow test results from two of its wells, which will soon be...
Friday, February 03, 2012

Regency Mines reveal significant nickel results from Mambare’s Plateau zone

Regency Mines (LON:RGM) this afternoon revealed drill results from the Mambare nickel laterite project, in Papua New Guinea.

The results...
Friday, February 03, 2012

China Shanghai Composite Index surges 2%

China's shares surged higher Thursday, as better news from the Eurozone and the U.S., plus China "blue chip" stocks trading at historically low...
Friday, February 03, 2012

Hong Kong shares set cracking pace, up 2%

Hong Kong shares closed Thursday at their highest closing level of 2012 following positive economic data in the U.S. and Europe, with commodity...
Thursday, February 02, 2012

Proactiveinvestors recommends

Connemara Mining (LON:CON) jumped 17 per cent in early deals after securing a partner for the Mine River block in Ireland, which is prospective...