daytrading sep 7 afternoon, page-34

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Ferret's MARKET REACTORS - what's hot and what's not

07 Sep 2011 11:56:00
Sydney - Wednesday - Sep 7: (RWE Australian Business News) -

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Some share price moves to keep an eye on in the market:

ANTIPA MINERALS (AZY) up 7.5c to 28.5c: Touched 31c. Has risen from 13c on August 30, attracting an ASX query. In response, Antipa said today that its first diamond drillhole at the Magnum deposit, part of the Citadel project, had intersected seven separate zones of mineralisation to date with gold and copper noted.

INTREPID MINES (IAU) up 5.5c to $1.345: Said, in response to a newspaper article, that is was not in any merger talks. The article also referred to research initiation by investment bankers, Bank of America Merrill Lynch and the Denver Gold Group conference next week.

BEGA CHEESE (BGA) up 8c to $1.88: Struck a five-year deal to supply the entire range of house brand cheese to Coles supermarkets.

TANGIERS PETROLEUM (TPT) up 4c to 54c: Its latest 2-D seismic interpretation over the Zeus Prospect in Morocco has produced a significantly larger structural closure than previously mapped. The broad, four-way dip closure, located at the Top Jurassic horizon, is estimated to cover an area of 1030 sq km.

ZYL (ZYL) up 1c to 19.5c: Announced interim results of the Bankable Feasibility Study at the Kangwane Anthracite Project in South Africa, featuring a 373pc increase in open-cut resources to 60.79Mt Indicated from 16.3Mt in open-pittable resources in the South Open-Cut and North Open-Cut Areas (in accordance with JORC guidelines).

NORTHERN MINERALS (NTU) up 3.5c to 69c: Received further Heavy Rare Earth Element results from drilling at its Browns Range project in northern WA which have confirmed and extended the high-value mineralisation. The results feature several significant intersections.

MULTIPLEX EUROPEAN PROPERTY FUND (MUE) up 4.5c to 18.5c: Completed unwind of Cross-Currency Interest Rate Swap for total proceeds of $34.8m. The fund has total cash reserves of $74.8m (30c per unit).

KENTOR GOLD (KGL) up 1.3c to 11c: Went as high as 12.5c. Assay results from diamond drilling below Reward prospect, Jervois, NT, continue to indicate high-grade mineralisation. Best result from the latest drilling is 72m at 3.27pc copper, 51.33g/t silver and 1.16g/t gold from 414m down-hole.

ANAECO (ANQ) up 1.1c to 5.9c: Formed a JV with Sindicatum Sustainable Resources of Singapore to deploy AnaeCo's aerobic-anaerobic DiCOM System in Asia, targeting local development partners such as waste management companies, government entities and infrastructure developers.

VENUS METALS CORPORATION (VMC) up 4c to 74c: The remaining 13 Prospecting Licences covering parts of Smoke Creek have been granted, bringing the total granted licences to 22. The alluvial diamond project's JORC-compliant Inferred resource has been increased from 5m carats for nine prospecting licences to 6m carats for 12 licences