Some share price moves to keep an eye on in the market:
RIO TINTO (RIO) down $1.14 to $34.85: Australian and Indonesian
coal production fell 4 per cent for the September quarter when compared
with the third quarter of 2002. Iron ore shipments from Hamersley were
also lower, despite the market remaining strong.
GINDALBIE GOLD (GBG) up 7.5c to 25.5c: Made a high-grade gold
discovery at the Bobby McGee prospect on its fully-owned Mt Mulgine
property, 35km south of the Minjar treatment plant in WA.
ELECTRO OPTIC SYSTEMS (EOS) down 7c to $2.65: Climbed 12c
yesterday before announcing it had been offered a START Research and
Development Grant by the Federal Government, valued at $8.3 million, to
research the use of highpowered lasers for the removal of debris from
space.
SIBERIA MINING CORP (SIB) down 11c to $1.07: Kanowna Lights has
signed an agreement to farm into Siberia's Scotia Nickel Project and
earn an interest in the nickel minerals of the project tenements. All
gold and silver within the tenements remain the property of Siberia.
Kanowna Lights was down 0.3c to 2.9c.
CONQUEST MINING (CQT) down 3.5c to 40c: Gained 14c over the
previous four trading days after announcing it would pursue an
aggressive exploration program at the Crush Creek Project, Queensland.
The company today announced it had completed the first stage of the
drilling program at its Kimberley Diamond projects.
GRADIPORE (GDP) down 9c to 45c: Before being placed in a trading
halt pending an announcement. It told the annual meeting the past year's
performance had been disappointing, and that due to depleted funds it
would need to raise capital over the next 12 to 18 months.
ENDS
!END
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