daytrading march 6 pre-market, page-3

Morning All

5 March Feeds:
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*Petrel Energy (ASX: PRL) shares have taken off, rising 31.6% to an intra-day high of A$0.10 today, up from a low of $0.076 last Friday.
The sudden move up prompted the ASX to issue a price and volume query, with around 2.6 million shares changing hands by the closing bell today.


*Green Rock Energy (ASX: GRK) has signed mid cap oil and gas player AWE Limited (ASX: AWE) as a partner to explore the geothermal power generation potential of the north Perth Basin.


*Kaboko Mining (ASX: KAB) is working to finalise the A$3 million balance of funding under Tranche A of the $10 million prepayment debt facility and offtake agreement with Noble Resources International.


*Empire Oil & Gas NL (ASX: EGO) has appointed Macquarie Capital as exclusive financial advisors to assist with identifying and evaluating suitable “across the basin farmouts” for its Perth Basin and Carnarvon Basin assets.


*Pulse Health Group (ASX: PHG) director Andrew Gregory has increased his stake in the company with the purchase of a further 1.6 million shares on-market.
Gregory bought the shares for a total consideration of A$91,425, providing an average entry price of $0.057 per share.


*Transfield Services (ASX: TSE) has added A$159 million worth of Australian infrastructure contracts to its order book.
The company has locked in a $90 million one-year extension to its five year contract through to 2014 with the Land and Housing Corporation


*Sirius Resources (ASX: SIR) has been granted a trading halt by the ASX today with the company's shares placed in pre-open, pending exploration results.
Sirius currently has four rigs spinning at the Bollinger discovery, located east of Nova - where exploration is ongoing.
The recent Nova discovery has helped the Sirius share price rally from around $0.06 in mid-2012, to well over $3 recently.


*Newly minted Dacian Gold (ASX: DCN) has uncovered high grade extensions to gold mineralisation at various prospects within its Mt Morgans Project in Western Australia’s north-eastern goldfields.
High grade gold has been intersected outside of existing resources at each of the Westralia, Transvaal and Ramornie prospects drilled.
Notable results from step-out resource-extension drilling at Westralia and Transvaal, and testing below the Ramornie prospect include:
- 4 metres at 10.4 grams per tonne (g/t) gold from 152 metres at Ramornie;
- 5 metres at 6.8g/t gold from 193 metres at Westralia; and
- 5 metres at 5g/t gold from 135 metres at Transvaal.


*Modun Resources’ (ASX: MOU) Nuurst Coal Project in Mongolia has the potential to deliver 84.7 million tonnes of sub-bituminous thermal coal to support a 30 year mining operation an initial mining study has shown.


*Bass Strait Oil Company (ASX: BAS) has identified a number of potential oil and gas investments both locally and overseas as well as continuing discussions to farm out or divest its Gippsland Basin assets.


*Rox Resources’ (ASX: RXL) recent success at the Camelwood prospect, within the Fisher East nickel project in Western Australia, has seen Patersons Securities maintain its Speculative Buy rating on the company.
The company revealed yesterday the first diamond drill hole at Camelwood had intersected 11.4 metres at 2.9% nickel from 282.6 metres, including 2.9 metres at 4.7% nickel.


*Castle Minerals (ASX: CDT) has unearthed an open ended zone of bedrock gold mineralisation over 1 kilometre in length in rotary air blast drilling at its Bundi Prospect in northwest Ghana

*Australian-American Mining (ASX: AIW) has discovered massive sulphides in the maiden drilling program at the Blue Bell project in Arizona, U.S.
The program delivered the best drill intercept to date; with highlights such as: 17 metres at 4.5% Copper Equivalent (CuEq) (2.1% copper, 2.1g/t gold, 38g/t silver and 0.9% zinc) from 239 metres


*Terramin Australia (ASX: TZN) has hit pay dirt at its Pipeline copper-gold prospect in South Australia, confirming the presence of a large, shallow copper-gold system.
Joining the dots, the results would seem to show that the historical shallow mines in the region are not isolated deposits, but part of a larger copper-gold system.

*Pryme Energy (ASX: PYM) is preparing to announce flow test results from the Rosewood 21H No.1 well at the company's Turner Bayou project, with the ASX granting the company a trading halt this morning.
Turner Bayou comprises around 80 square miles (50,000 acres), which have been imaged by a proprietary 3D seismic survey, and is located in Louisiana.


*Sun Resources (ASX: SUR) has appointed Amerril Energy as the operator of the Richland Oil Project to complete the current work over operations on the project’s production wells, to achieve higher flow rate recovery rates.


*Corporate Travel Management (ASX: CTD) has been granted a trading halt this morning by the ASX with its shares placed in pre-open, pending a capital raising announcement.


*ZYL Limited (ASX: ZYL) has been granted a trading halt by the ASX pending an announcement regarding development on the Mbila dispute.
The halt will last until the earlier of an announcement being made available to the market, or the opening of trade on Thursday 7 March


*Planet Metals (ASX: PMQ) shares skyrocketed to an intra-day price of $0.04 yesterday, which is 43% higher than the closing price on the 28th February 2013 - with the company receiving a price query speeding ticket from the ASX.


*Near term gold producer Korab Resources (ASX:KOR) has received a change of interests notice from substantial shareholder Baker Steel Capital Managers.
The U.K. fund manager has moved to an 8 per cent holding in Korab following a placement of shares in February 2013.


*Australian Natural Proteins (ASX: AYB) is in advanced negotiations to raise a minimum of $3 million, with the funds to be used to expand the production and distribution capacity of its lamb and mutton products operations.


*Greenpower Energy (ASX: GPP) has signed a Memorandum of Understanding to jointly test and develop the Oxidative Hydrothermal Dissolution (OHD) process for the conversion of coals to liquids with the U.S. based company Thermaquatica.


*PLD Corporation (ASX: PLD) wholly owns the Stuart Town Gold Project in the Lachlan Fold Belt, and the company is looking to increase exploration over the single license, which covers 130 square kilometres and is 65 kilometres north of Orange.
Source: Proactive Investors Australia


*iCash Payment Systems (ASX: ICP) has extended the proposed acquisition of a further 36.09% stake in its Korean subsidiary, NeoICP Korea, until 8 November 2013.

The company currently holds a 50% interest in NeoICP.

iCash made the move to extend the "sunset date" of the transaction so that it can be satisfied with its due diligence and shareholders can receive further and up-to-date financial information about NeoICP Korea before meeting to approve the transaction.

The earn-out periods have also been extended by 12 months while the other terms of the share sale agreement remain unchanged.

iCash entered into a share sale agreement for the additional stake in NeoICP in late November last year.

Under the original agreement, the company agreed to satisfy the acquisition of a further 3.5 million shares with a $4.5 million cash payment and the issue of 34.5 million iCash shares at $0.1633 each.

The agreement was subject to iCash entering into binding agreements with other NeoICP shareholders to acquire at least 95% of the issued capital of the company, as well as there being no material adverse change in NeoICP’s business or financial position, assets or profitability.
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( All Feeds Posted with its first lines, you can find the full article at the source link )

Source: Proactive Investors Australia