Symposium Managing Director Kerry Stevenson speaks to Investors regarding the Symposium Resources Roadshows for 2011. Companies to present in February include Kula Gold Limited (ASX:KGD), Eastern Star Gas Limited (ASX:ESG), Buccaneer Energy Limited (ASX:BCC) (PINK:BCGYF) and IPO company Archer Coal Limited.
Clean Global Energy Limited (ASX:CGV) is pleased to announce the appointments of Wayne Rossiter as Chief Financial Officer and Carl D'Silva as Exploration and Mining Geologist. Wayne Rossiter is a mining engineer and a chartered accountant with extensive experience in the mining and energy sectors. Carl D'Silva is an exploration and mining geologist with experience in PNG, Indonesia and Australia.
Australian Market Report of May 24, 2010: Eastern Star Gas (ASX:ESG) Signed MOU with Hitachi (TYO:6501)and Toyo Engineering (TYO:6330)
The Australian shares opened slightly higher today while bargain hunting Friday helped Wall Street snap the losing streak. Today both the S&P/ASX200 index and All Ordinaries index gained more than 0.8 per cent shortly after the market opened.
US stocks rose overnight as commodities prices jumped. Kraft Foods' US$16.7 billion takeover bid for Cadbury boosted the market confidence on a rebound in merger and acquisition activities, despite Kraft's offer was rejected.
Yesterday the Australian market posted a marginal rise as investors were cautious ahead of US jobs data in June. The benchmark S&P/ASX200 index was 3.3 points, or 0.09 per cent higher, at 3877.3 points, while the broader All Ordinaries index gained 2.9 points, or 0.07 per cent, to 3875.2 points.
Yesterday Australian shares fell after Wall Street plummeted on renewed banking fears. The benchmark S&P/ASX200 index plunged 2.4%, or 91.6 points, at 3677.4, while broad-market All Ordinaries index lost 2.4%, or 89.2 points, at 3633.1.
The Australian share market closed marginally lower as financial stocks plunged. The benchmark S&P/ASX200 fell 14 points, or 0.4 per cent, to close at 3465.8, while the broader All Ordinaries was down 11.4 points, or 0.33 per cent, to 3405.0. Analysts said it will be difficult for the market to rally as the previous two weeks. The rise in the period took the S&P/ASX200 index up by more than 10%.
Yesterday, the Australian market ended marginally lower as investors were encouraged by the Wall Street rallies. The benchmark S&P/ASX200 index ended the day down 0.3%, or 8.9 points, at 3235.5. The broader All Ordinaries index was also down 0.3%, or 8.7 points, at 3190.4. "Many investors have feared worst, and many are probably predicting companies such as GM would eventually be gone, and are already prepared for it," says Thomas Su, Research Director of Money Cat Consulting. It may be too early to predict, but it seems the financial stocks may start leading the gain in the second half of the year, Thomas Su added.
Eastern Star Gas (ASX:ESG)(PINK:ESGLF), together with joint venture partner Gastar Exploration Ltd (AMEX:GST)(TSE:YGA), is pleased to announce that results of the Edgeroi‑1 corehole have confirmed the northern extension of Bohena Coal Seam development.