In this issue: Asian demand for gold is still determining gold price, while the US$ gold testing 2011 downtrend, and the latest Martin Place Securities (MPS) portfolio and gold sector universe. Read this latest Dawes Points to better understand investing in the resources sector.
St Barbara Limited
In this issue: key stocks are providing outperformance, gold demand remains robust, and we talk about the mixed results in the gold sector. Read this latest Dawes Points to better understand the global forces that drive resources sector investment.
Catalyst Metals Ltd (ASX:CYL) advises that a prospectus has been lodged with the Australian Securities and Investments Commission for a proposed capital raising of up to $1.5 million through the issue of 3 million ordinary fully paid shares at an issue price of 50 cents per share.
Cardinal Resources Ltd (ASX:CDV) (OTCMKTS:CRDNF) is pleased to announce the appointment of Mr Erik Palmbachs as the Company's Chief Financial Officer.
The technical evidence is mounting for a significant change in market sentiment for gold and the gold sector in North America and in Australia. The evidence may still be tentative but important changes seem to be underway in a number of markets.
Casimir Capital, a leading investment bank specializing in natural resources, has announced the 2nd Annual Casimir Capital Global Australian Mining Conference, which will take place on March 26th at the Waldorf Astoria Hotel in New York City.
Asian Activities Report for May 25, 2011: Northern Iron Limited (ASX:NFE) Announce Significant Reserves Upgrade At Sydvaranger Project
Asian Activities Report for May 25, 2011 includes: Northern Iron Limited (ASX:NFE) announced a 42% increase in probable ore reserves at Sydvaranger project in Norway; CGA Mining Limited (TSE:CGA) (ASX:CGX) said today that its Masbate Gold Project has poured 10 tonnes of gold; St Barbara Limited (ASX:SBM) has commenced gold production from King of the Hills underground mine in Western Australia; C @ Limited (ASX:CEO) has identified five prospective coking and high energy thermal coal project opportunities in Indonesia.
ADX Energy Limited (ASX:ADX) Announce Divestment Of Gold, Copper And Nickel Projects And IPO Of Riedel Resources Limited
ADX Energy Limited (ASX:ADX) (PINK:ADXRF) are pleased to provide an update in relation to the proposed divestment and Initial Public Offering "IPO" of the Company's mineral assets portfolio. This strategy is in-line with the previously stated intention of ADX becoming a highly focused energy company while ensuring that the necessary capital is secured to finance the exploration and development of its highly promising gold and base metals tenements.
The Australian market opened slightly higher on Tuesday. Wall Street posted modest gains overnight as investors focused on the company earnings reports and shrugged off the weak housing data.
US stocks ended flat overnight in light trade volumes as the market was awaiting the economic data this week. The Dow Jones Industrial Average edged higher to its highest close in more than nine months.
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