The bank’s statement indicates that it believes inflation is moving in the right direction and is confident that it will be able to lower rates this year; this echoes language used by the US Federal Reserve at its March meeting. The news had little impact on precious metals, with gold continuing to soar past US$2,400...
Tag: investing news
Norfolk Metals Limited (ASX: NFL) – Trading Halt
Description Issued by ASX Compliance source
Bonanza East 12.4m @ 33.4 g/t AuEq, including 6m @ 53.4 g/t AuEq
Highlights Diamond drillhole ACDDH015 intersected both the Bonanza East and Fraternal Shoots. The second hole drilled, ACDDH016, was targeted to intersect near the interpreted top of the Bonanza East Shoot, approximately 120m above ACDDH015. The hole intersected 21m of moderate to strong arsenopyrite mineralisation from 68m with intermittent stibnite veining in the first six metres....
Rights Issue and Shortfall
As announced on 21 February 2024, eligible shareholders who participated will receive 1 fully paid ordinary share in the capital of the Company (“Share”) for every 3 Shares held, at an issue price of $0.002 per Share (pre-consolidation) (or $0.01 on a post-consolidation basis), together with 1 free attaching option to acquire a Share (“Option”)...