Strong payroll numbers in the States today, but wages rising by 0,2% vs expected 0,3%...BREXIT break-through today...strong GDP-numbers in Japan...and strong import numbers in China - for now, the country is soaking up all available commodities.
14 peacekeepers killed and 53 injured in the DRC....islamist attacking.
Lynas and Pilbara Minerals will be joining the S&P AsX 200 Index from next week, as expected.
Northern Star - taking a big, 16% line in Echo Resources, an advanced gold exploration stock in Australia. This follows St Barbara taking stakes in Peel Mining , and Catalyst Metals . Not many established miners left, which are value enough to launch a bid - hence we have seen quite a few Australian miners taking stakes in exploration companies. The latest one, Echo, is a good story - but also fully valued for what they have.
Foran Mining - did a placement of Mill$ at 49ct/share - that is certainly a pretty good effort - you don´t see placements at a premium to the share price very often these days. The company is now well cashed up and will start drilling straight after the Christmas break. They have ample targets close to their exisiting ore body - we should see some kind of results during January!
Have a nice weekend!
Schröder Equities GmbH
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Geschäftsführer: Wilhelm Schröder
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