Cape Lambert Resources Limited (ASX:CFE) (Cape Lambert) is an Australian domiciled, fully funded, mineral development company. Cape Lambert has interests in several exploration and mining companies, providing exposure to iron ore, copper, gold, uranium, manganese, lithium and lead-silver-zinc assets in Australia, Europe, Africa and South America.
The Australian sharemarket Tuesday closed higher in a quiet trading day as Dubai debt fears eased. The local market was also inspired by an earlier report about energy giant Exxon's US$30 billion takeover bid of XTO and the forecasts by the Australian government commodity forecaster ABARE for iron ore and coking coal exports. At the close, the benchmark S&P/ASX200 index rose 19.5 points, or 0.4 per cent, at 4673.5, while the broader All Ordinaries gained 19.6 points, or 0.4 per cent, to 4687.8.
Victory West Moly Limited (ASX:VWM) wishes to advise shareholders that it has finalised the A$2 million convertible note offer from Dempsey Resources Limited, a fully owned subsidiary of Cape Lambert Iron Ore Limited (ASX:CFE). All documentation has been signed and the funds transfer effected.
Victory West Moly Limited (ASX:VWM) is pleased to announce that it has accepted an offer for a A$2 million convertible note with Dempsey Resources Limited, a fully owned subsidiary of Cape Lambert Iron Ore Limited (ASX: CFE), subject to completion of formal legal agreements.
The Australian share market yesterday ended higher for a second day, following another rise on Wall Street. The benchmark S&P/ASX200 index gained 57.4 points, or 1.5 per cent, at 3924.5 points, while the broader All Ordinaries index was up 58.7 points, or 1.5 per cent, to 3917.5 points. Trading volumes were still light as the local market was awaiting more upbeat earnings reports from the US to solidify confidence.
On Friday Asian and European markets fell while Wall Street was closed for public Holiday. The Australian shares closed lower Friday as US shares tumbled on the unfavorable unemployment figures and commodities prices were also lower. The benchmark S&P/ASX200 index lost 49.1 points, or 1.27 per cent, to 3828.2 points, while the broader All Ordinaries index slumped 48.6 points, or 1.25 per cent, at 3826.6 points. The Reserve Bank of Australia Tuesday will announce its official interest rate after board meeting.
The Australian share market ended last week with 1% higher led by the overseas markets. The benchmark S&P/ASX200 index surged 41.3 points, or 1.2%, to 3469.9 while the broader All Ordinaries index closed with 34.9 points higher, or 1%, settled at 3407.5.
Yesterday, Australian shares rose more than 1%, led by some banks and miners. The benchmark S&P/ASX200 share index closed up 44 points, or 1.3%, to 3,486.8, and the broader All Ordinaries index rose 37.1 points, or 1.1%, to 3,431.9.
Last Friday the Australian share market had a poor start at the first trading day of the New Year, as S&P/ASX 200 Index closed down 8.5 points, or 0.23 per cent, at 3713.8 points, while the All Ordinaries Index closed just 3.6 points down at 3655.7 points. Analysts warn that it is too early to get excited despite a positive lead from the US. The market might remain volatile in the coming three months as there will be some bad news ahead in the reporting season.
Legend Mining Limited ("Legend") (ASX:LEG) has received encouraging iron results from rockchip sampling over the prospective Cleaverville Formation within its Pilbara Project in Western Australia. The Cleaverville Formation hosts the 1.6 billion tonne Cape Lambert Magnetite Project, located 15km to the northeast, which was recently sold by Cape Lambert Iron Ore Limited (ASX:CFE).
Yesterday, the Australian share market closed slightly lower following weaker commodity prices. The benchmark S&P/ASX200 index was down 17.3 points, or 0.34%, to 5118.3, while the broader All Ordinaries index fell 15.5 points, or 0.3%, to 5200.
