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Waiting on some good news here! Australian share market to open strongly

24/05/2006 07:56:08 AM

ÃÆâ€â„¢ÃƒÆ’ƒÂ¢Ãƒ¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡ÃƒÆ’â€Å¡Ãƒƒâہ¡ÃƒÆ’‚ 

 

 

In SYDNEY, the Australian share market should open strongly as a massive rebound on base metal prices, coupled with further gains in the precious metal and oil markets should ensure a resource-led recovery in the domestic bourse today.

 

On the Sydney Futures Exchange, the June share price index was 27 points firmer at 5031

 

19 April 2006

Dear Sir

RAB Drilling on Gold Geochemical Targets at Duplex Hill South Prospect

Australian Mines Limited (ASX: AUZ) is pleased to announce the commencement of

a new programme of RAB drilling at Duplex Hill South, located 30 km South East of

Kalgoorlie and 7 km from the companyÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¾Ãƒâہ¡ÃƒÆ’‚¢s Blair underground nickel mine.

Was supposed to of been completed in April!

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just out

GOLDEN RIDGE DRILLING RETURNS NEW NICKEL SULPHIDE INTERSECTIONS

Pioneer Nickel Limited (ASX: PIO) is pleased to announce excellent drilling results from its Golden

Ridge Project, (ÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’â€Â¦ÃƒƒÂ¢Ãƒ¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…âہ“GRJVÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’â€Å¡Ãƒƒâہ¡ÃƒÆ’‚ÂÂ) a joint venture with Australian Mines Limited (ASX: AUZ).

Pioneer Managing Director David Crook said the Blair South Prospect, located 2.8km south of the

operating Blair nickel mine (AUZ owned and operated) continued to return highly encouraging

drilling results.

ÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’â€Â¦ÃƒƒÂ¢Ãƒ¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…âہ“This round of drilling repeatedly intersected a relatively shallow, wider zone of magmatic nickel

sulphide mineralisation over a horizontal strike of approximately 100m.ÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’â€Å¡Ãƒƒâہ¡ÃƒÆ’‚ Mr Crook said.

Significant intersections included:

ÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’â€Å¡Ãƒƒâہ¡ÃƒÆ’‚¢ 9 metres at 1.20% Ni and 0.12% Cu from 86 metres (GRR014); and

17 metres at 1.16% Ni and 0.12% Cu from 99 metres (GRR015).

These results are in addition to PioneerÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¾Ãƒâہ¡ÃƒÆ’‚¢s first drill hole at Blair South which returned 15 metres at

1.12% Ni and 0.13% Cu from 98 metres (GRR008) reported last month. These and other

significant drill results are summarised in Table 1.

Mr Crook said the newly identified zone of heavy-matrix sulphides is sub-horizontal and at a vertical

depth between approximately 80 and 100m (see Figure 1). Drilling at the prospect will now include

testing for mineralisation that could be extracted by open pit mining. Importantly, in many Western

Australian nickel mines, the discovery of massive nickel sulphide ore bodies has followed the

identification of matrix sulphide mineralisation and the resolution of its geological environment.

Drilling is scheduled to recommence at Blair South following the completion of Down-Hole EM and

direction surveys, which are currently underway. The programme will then move to test for new

mineralisation along the highly prospective, but under explored, ground between Blair South and the

Blair Mine (see Figure 2). Targets generated by the recent drilling programmes at Marshalls and

20SW Prospects will also receive further testing.

The drilling programme at the GRJV is part of a $1 million, 5,000m target appraisal programme

being conducted by Pioneer at the project. Under the terms of the GRJV, Pioneer has the right to

earn an initial interest of 51% by expending $2.25 million and up to 80% by expending an additional

$3.0 million over six (6) years.

The Project is located 30 kilometres SE of Kalgoorlie, WA and is joined by haul road to the

Kambalda nickel concentrator, located 40km to the south.

Phone: (08) 9091 6974

Fax: (08) 9022 2294

Email: pioneer@pioneernickel.com.au

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Some quotes from the etrade web site from aap and market watch. "ASX expected to open firmer

29/05/2006 07:35:26 AM

ÃÆâ€â„¢ÃƒÆ’ƒÂ¢Ãƒ¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡ÃƒÆ’â€Å¡Ãƒƒâہ¡ÃƒÆ’‚ 

 

 

In Sydney, the Australian share market is expected to firmer as the positive momentum from Friday and solid offshore leads help to underpin expectations of further gains to open the week.

 

On the Sydney Futures Exchange, the June share price index was 30 points firmer at 5075."

 

 

"Actually, it feels like we've fallen very quickly and if you look at technical indicators, we could have a bit of a bounce," said Gordon Fowler, chief investment officer at Glenmede Trust Company, who said he's been keeping watch on the percentage of stocks trading below their 50-day moving averages. "It was a few days ago below 30%. That's a good positive for the markets [in the] very short term."Bounce may take hold but FOMC minutes, data lurk

 

"By Carla Mozee, MarketWatch Last Update: 7:00 AM ET May 27, 2006

ÃÆâ€â„¢ÃƒÆ’ƒÂ¢Ãƒ¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡ÃƒÆ’â€Å¡Ãƒƒâہ¡ÃƒÆ’‚ 

 

 

SAN FRANCISCO (MarketWatch) - U.S. stocks could be set to extend their gains in the coming week as a bounce in the last three trading sessions fed speculation that the sharp pull back of the last few weeks may be coming to an end."

 

 

 

 

 

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Things might be looking up.Another report on the etrade web site. "ASX expected to open week higher

28/05/2006 12:40:16 PM

ÃÆâ€â„¢ÃƒÆ’ƒÂ¢Ãƒ¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡ÃƒÆ’â€Å¡Ãƒƒâہ¡ÃƒÆ’‚ 

 

 

The Australian share market should open higher on Monday after good gains on Wall Street and stronger base metal prices.

 

Commsec chief equities economist Craig James said the market was expected to climb about 30 points, with the US inflation scene and commodities prices providing direction over the week.

 

"It should be a fairly solid start, (we are) expecting the market to be up around about 30 points at the open," Mr James said.

 

"The miners should lead the way."

 

In the US on Friday, stocks rose as personal consumption data showing a rise in income and spending in April eased inflation jitters.

 

The Dow Jones Industrial Average jumped 67.56 to 11,278.61, the Standard & Poor's 500 index rose 7.28 to 1,280.16 and the Nasdaq composite index gained 12.13 to 2,210.37.

 

Mr James said concern about interest rates had been the cause of recent volatility on the local market, leading to a correction, and the jury was still out on whether the US Federal Reserve would lift US rates again in late June.

 

"The economic data between now and then will be crucial, especially readings like the ISM manufacturing index on Thursday and non-farm payrolls on Friday," he said.

 

AMP Capital Investors chief economist Shane Oliver said although volatility was likely to remain high for a few months, share prices were expected to stay up.

 

"What we are going through is likely to be another correction and not the start of a bear market," Dr Oliver said.

 

"Share market valuations remain reasonable, the low inflation global expansion is likely to remain intact and we don't see aggressive rises in interest rates."

 

US markets will be closed on Monday for the Memorial Day holiday.

 

And while it would be a busy week closer to home on the economic front, with retail sales and building approvals for April due out on Tuesday and private sector credit on Wednesday, the data was not expected to provide too much guidance for the market.

 

Dr Oliver said the March quarter capital spending survey to be released on Thursday was expected to confirm business investment plans remained robust.

 

In corporate news, ABB Grain Ltd will release its first half results on Monday, while Adelaide Brighton Ltd is due to hold its annual meeting on Tuesday, and online accommodation website Wotif.com lists on the Australian Stock Exchange later in the week."

 

ÃÆâ€â„¢ÃƒÆ’ƒÂ¢Ãƒ¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡ÃƒÆ’â€Å¡Ãƒƒâہ¡ÃƒÆ’‚ 

ÃÆâ€â„¢ÃƒÆ’ƒÂ¢Ãƒ¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡ÃƒÆ’â€Å¡Ãƒƒâہ¡ÃƒÆ’‚ 

 

 

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With the good news from joint venture out to the market mid last week , and with it the opportunity to hide bad news. Expecting some more good news from DHS gold exploration that was to be completed in April , soon. Feasibility study is to be competed this quarter , may get on estimate on start date.They were ramping this project up to take advantage of the gold price.
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T

 

Buyers ÃÆâ€â„¢ÃƒÆ’ƒÂ¢Ãƒ¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡ÃƒÆ’â€Å¡Ãƒƒâہ¡ÃƒÆ’‚  ÃÆâ€â„¢ÃƒÆ’ƒÂ¢Ãƒ¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡ÃƒÆ’â€Å¡Ãƒƒâہ¡ÃƒÆ’‚  Last 10 Trades

Number Quantity Price

2 634465 0.023

7 3146465 0.022

12 3227568 0.021

17 4442198 0.020

10 2523001 0.019

6 787781 0.018

4 574000 0.017

4 675000 0.016

2 600000 0.012

1 345837 0.011 Last 10 Trades

Time Price Quantity

ÃÆâ€â„¢ÃƒÆ’ƒÂ¢Ãƒ¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡ÃƒÆ’â€Å¡Ãƒƒâہ¡ÃƒÆ’‚ 

#

1 1:39:48 PM 0.023 103535

2 1:39:04 PM 0.023 112000

3 1:38:36 PM 0.023 150000

4 1:32:02 PM 0.023 200000

5 1:32:02 PM 0.023 53535

6 1:31:52 PM 0.023 750000

7 1:31:39 PM 0.023 196465

8 1:31:39 PM 0.023 100000

9 1:31:39 PM 0.023 22500

10 1:31:39 PM 0.023 181035

 

 

SELLARS

Price Quantity Number

0.024 4250000 7

0.025 3196365 10

0.026 5498255 16

0.027 4885000 14

0.028 3426129 13

0.029 2585200 16

0.030 2168782 12

0.031 1399637 5

0.032 1442665 7

0.033 550000 2

 

 

 

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In reply to: dan.heath on Tuesday 30/05/06 01:53pm

I meant to write , before accidently prematurely posting last post, that this is looking good 2.3c sold out ,no news yet, since posting 1.5 million sold at 2.4c.Good news I've been waiting for might be great news and it might not be far off!

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something is definately up, time to buy.

 

depth prior to 1:30pm..

 

was.. 2.3 to buy and 2.1 to sell...

out of no where.. 2.3 just got slammed, i was thinking... why didn't they big for 2.2?!?!?

something must be up, staight after lunch people begin to buy.

 

i thought something was out, but nope, nothing out yet.

 

 

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