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Business Description: South Boulder Mines Limited (STB) is a diversified explorer focused on potash, nickel and gold. STB has a 90% interest in the Colluli Potash Project in Eritrea and is the Company‚Äôs current focus.
Strategy Analysis: The Company is focused on the acquisition, exploration, development and mining of STB's resource projects which include potash as well as multiple gold and nickel prospects.
South Boulder Mines provided its December 2011 quarterly activities report, reporting that a detailed engineering scoping study for the Colluli Potash Deposit was completed generating highly favourable technical and financial results. The results firmly confirm Colluli as a ‚ÄėTier 1‚Äô global potash asset with enormous upside potential and a definitive feasibility study (DFS) is well underway for completion in 2013. In addition, an initial JORC compliant Mineral Resource Estimate has been compiled for the Rosie Ni-Cu-PGE sulphide deposit comprising 1.74Mt @ 1.7% Ni (29,800t Ni), 0.4% Cu and 1.9g/t Pt + Pd (>1.0% Ni cut-off). The company is well funded to progress the Colluli DFS and is in the process of finalising a fully underwritten 1 for 5 entitlement issue to raise ~$10.7m.
By Michael McCarthy (chief market strategist, CMC Markets) 19/12/2014 |
Traders and investors caught short heading into the FOMC scrambled for cover in Europe and the US, in many cases driving indices to their best one day performance for 2015.
By Betty Lam (Sales Trader, CMC Markets) 18/12/2014 |
Lead by the Fed-fervour offshore, Australians shares jumped on the Yellen cheer wagon. The material and energy stocks were back in vogue as both sectors gained over 3% in morning trade.
By Michael McCarthy (chief market strategist, CMC Markets) 18/12/2014 |
In spite of a frenzied pre-mortem, a benign statement from the US Federal Reserve‚Äôs Open Market Committee and steadying commodity markets drove investors back into share markets overnight. A calmer, stronger ruble helped offset European growth fears, highlighted in the overnight session by further declines in inflation.
By Betty Lam (Sales Trader, CMC Markets) 11/12/2014 |
Offshore jitters sent ripples through to Australian stocks. The open saw the local equities take 65 points off the index, catalysed by a mass-exit in energy stocks, yet again.
By Ric Spooner (Chief Market Analyst, CMC Markets) 10/12/2014 |
Yesterday‚Äôs news on Greek politics and China‚Äôs bond market came at a time when US and European stock markets have extended rallies and pushed valuations higher. This makes those markets vulnerable to downward corrections as profit takers act to avoid missing out.
BR Securities Australia Pty Ltd 2/12/2014 |
December 2014 could go down as a nasty moment in Australian finance. MYEFO will reveal a deteriorating budget deficit and the UNFCCC meeting in Lima, Peru will provide the agreement, to be ratified in Paris in 2015, on how much (or little) CO2 is to be allowed into the atmosphere from 2020.
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