ERG was the biggest traded WA stock as it lifted 0.5�, to 10.5�, on volume of nearly three million shares. -- Anonymous

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Subject: ERG was the biggest traded WA stock as it lifted 0.5�, to 10.5�, on volume of nearly three million shares.

Author:
April 10th 2003 West Australian

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Date Posted: Thursday, April 17, 10:01:40pm
In reply to: Newspapers reporting result--March 7 2003 SMH 's message, "Noteholders have tickets to ride" on Thursday, March 06, 08:38:56am

http://www.thewest.com.au/20030410/business/twbusinesshomesto94407.html
Tectonic shift on Harbour View

By Griffin Longley

WA STOCKS

TECTONIC Resources' shares were pushed up more than 18 per cent yesterday on the back of encouraging new intersections at its Harbour View prospect, near Ravensthorpe.

News from Tectonic that the prospect, in the Kundip Mining Centre, included 15m at 13.4gpt of gold, 18gpt of silver and 3.6 per cent copper, and two smaller high yielding intersections, saw the company's shares add 1.3�, to 8.4�.

Fellow junior explorer Western Areas consolidated Monday's gains, of nearly 6 per cent, by closing steady at its all-time high of 46�.

Recent gains have come as investors have anticipated good news from drilling in the New Morning prospect, between Southern Cross and Esperance, which is expected soon. Western Area's shares have grown more than 50 per cent since mid-March.

On the downside, Home Building Society slumped in line with other bank stocks around the country, surrendering most of Tuesday's 28� gain. The shares ended 19� lower at $3.40.

And Futuris took a step back, easing 4� to $1.52. Even with yesterday's drop the company has still climbed by more than 8.5 per cent in the past eight trading days.

ERG was the biggest traded WA stock as it lifted 0.5�, to 10.5�, on volume of nearly three million shares.

Montagu Stockbrokers' James McGlew said the company was benefiting from optimism that its recapitalisation could result in a positive rebirth of the company.

Jubilee Mines closed down 4� at $1.91 on abnormally high volumes. Mr McGlew said the drop was probably the result of profit taking on the back of the company's strong recent performance.

"Good production results from its Cosmos mine has seen Jubilee shares in favour over the last couple of months, and as a result people may have locked in some profits," Mr McGlew said.

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Replies:

Subject	Author	Date
Re: ERG was the biggest traded WA stock as it lifted 0.5�, to 10.5�, on volume of nearly three million shares. (NT)	344 days==March 18th 2004	Thursday, March 18, 09:47:01am