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Most followed: ASOS, Altona, Frontera, Quindell, Shire, SolGold, Sula Iron

Published: 20:09 23 Jun 2014 AEST

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It is hard to keep Quindell (LON:QPP) out of the news, with even a run of the mill share issue provoking interest.

Lots of web surfers clicked on the company’s announcement today to find out that the 100mln shares it said back at the end of March that it would issue as part of the acquisition of PT Health Investment have been issued.

In other news, the sun is expected to rise tomorrow and England are still have no chance of qualifying from their group in the World Cup.

The fire at the ASOS (LON:ASC) warehouse in Barnsley is one that has legs beyond the business news ghetto, especially as police are treating the fire as suspicious.

ASOS, which saw its share price plunge from just over £45 to less than £21 on 5 June after issuing a profits warning, said it is fully insured for the loss of stock and the interruption to its business.

Shire (LON:SHP), the latest pharmaceuticals company to be in the sights of a much larger rival, is holding an investor call today as it part of its plan to repel all boarders.

US suitor AbbVie is reportedly mulling a new bid for the European drug maker.

In the small caps universe it is the usual bun-fight between the resource companies to hog the spotlight.

Range Resources (LON:RRL) confirmed its shares have not been suspended on AIM, even though trading in the stock has been temporarily halted in Australia, pending the appointment of two Australian directors. The appointments should be finalised by the end of this month.

Altona Energy (LON:ANR) is another company attempting to assure investors, as it revealed it continues to negotiate with Sino-Aus over the terms of the Arckaringa joint venture project, though the deadline for completion of the talks has been pushed back go the end of July.

“It is encouraging that Sino-Aus and Wintask have invested so much time with the project to date and we are pleased that they wish to conclude the negotiation of the JV agreement on or before 31 July 2014," said Altona’s executive chairman, Michael Zheng.

Meanwhile, a statement from Frontera Resources (LON:FRR) issued in response to a sharp rise in the share price on Friday has resulted in the shares falling back around 9% today.

The company said it has nothing new to report since its last announcement, back at the beginning of April, which revealed that gas production operations within the Mtsare Khevi gas complex have commenced.

Away from inexplicably popular news items about things that are not yet happening, and on to a couple of mining companies that have released updates on things that definitely have happened.

SolGold (LON:SOLG) said it is seeing increasingly strong copper sulphide mineralisation from a long section of its latest hole on the Alpala prospect of its Cascabel porphyry project in Ecuador.

Sula Iron & Gold (LON:SULA), which will be presenting this Thursday at an investors event hosted by Proactive Investors, raised the hemline a bit with a report from the Ferensola iron project, which showed the potential for a well-defined direct shipping ore resource.

Australian Strategic Materials signs US$600 million LoI

Rowena Smith, CEO and managing director of Australian Strategic Materials Ltd (ASX:ASM, OTC:ASMMF), joins Jonathan Jackson in the Proactive studio to discuss the company’ s Dubbo Project, in Central West New South Wales. This project aims to extract and process critical minerals and rare earth...

5 hours, 40 minutes ago