Uranium Equities Limited
Asian Activities Report for August 31, 2011 includes: Carbine Resources Limited (ASX:CRB) reported additional high grade assay results from the Nimbo Prospect within the Madougou Project in Burkina Faso; Uranium Equities Limited (ASX:UEQ) says today that Cameco Corporation (NYSE:CCJ) has purchased the Founders' 10% interest in the PhosEnergy Process for US$4.5 million and Uranium Equities has a 6-month option to purchase 30% of this interest from Cameco; AusQuest Limited (ASX:AQD) has received further highly anomalous silver results from the emerging Phaco Prospect at its Comoe Joint Venture in Burkina Faso; Niuminco Group Limited (ASX:NIU) re-listed on the ASX yesterday after successfully finalised a A$12 million capital raising.
Australian Market Report of October 21, 2010 includes: Moly Mines Limited (ASX:MOL) signed an iron ore sales agreement with China; Uranium Equities Limited (ASX:UEQ) confirms high uranium grades at Nabarlek Project in Northern Territory; Marmota Energy Limited (ASX:MEU) commenced drilling at Angel Wing Gold Project in USA; Metaliko Resources Limited (ASX:MKO) has commenced a 21 hole reverse circulation drilling program at its Anthill Gold Project in Western Australia.
Australian Market Report of September 24, 2010 includes; YTC Resources Limited (ASX:YTC) has recorded a high-grade copper intersection at its Nymagee Copper Mine, Uranium Equities Limited (ASX:UEQ) has reported outstanding high uranium grades have been intersected at two promising prospects, Gryphon Minerals Limited (ASX:GRY) has raised A$45.2 million via a share placement, to aggressively fast-track exploration at its highly prospective Banfora Gold Project and BHP Billiton Limited (ASX:BHP) (NYSE:BHP) has approved the Macedon gas development located in the Exmouth Sub-basin, Western Australia.
The Australian market delivered a strong opening on Monday as investors were inspired by the US Federal Reserve Chairman Ben Bernanke's comments. Wall Street rallied on Friday after Mr. Bernanke said the central bank will do whatever it takes in to support an economic recovery. This morning the local market saw a 1.6 per cent rise in S&P/ASX200 index, and the All Ordinaries gained 1.5 per cent.
The Australian sharemarket ended the four consecutive day losing streak and closed higher on Friday in quiet trading condition. The market opened stronger on the good lead from Wall Street and made sustained gains, helped by the Chinese industrial production data suggesting demand for Australian resources will remain strong. At the close, the benchmark S&P/ASX 200 index rose 28.5 points, or 0.62 per cent, to 4635.20 points, while the broader All Ordinaries index also advanced 28.5 at 4651.40 points. For the week, the market closed down 1.4 percent.
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.