re: buying ... loxton investments
Wayne Loxton was/is (?) MD of Allied Gold (AUD). Does anyone know if there is a connection here please ?
Reply to share price rise query ... """Sundance can't explain share price rise Email Print Normal font Large font July 5, 2006 - 7:44PM
West Australian based Sundance Resources Ltd is planning to announce a scoping study into its Cameroon iron ore project, but can't explain its recent share price hike.
The Australian Stock Exchange (ASX) has queried the company's rise in share price to 9.3 cents from 6.9 cents on June 29.
Sundance, which finished Wednesday's trading up 1.9 cents at 10 cents, was the day's top traded stock by volume with 29.2 million shares worth $2.7 million changing hands.
The company told the ASX it intended to shortly announce a scoping study into the Mbalam Iron Ore Project in the Republic of Cameroon.
It said the study was part of the on-going process of evaluation of the project and significant exploration analysis had previously been announced to the exchange.
"Consequently the board does not believe that this announcement contains information which, if known, could be an explanation for recent trading in the securities of the company," it said.
Sundance said it was not aware of any other explanation for the recent increase in price and volume of its securities.
