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<WIRE> Taiton Resources (ASX:T88) Stock Rises on Onshore Molybdenum Find

Shares of Taiton Resources (ASX:T88) have seen an increase of as much as 8.1% to A$0.200, reaching their highest levels since August 18th.

The stock is currently up 6.8%, likely to see its best day since August 18th if gains continue.

Taiton Resources, a diversified mining company, announced that a substantial amount of molybdenum was identified through a drilling survey at an onshore mine in South Australia.

Trading volume stands at 21,672 shares compared to a 30-day average volume of 15,345 shares.

Despite a promising rise today, the company’s stock has fallen 17.8% this year measured from its last close.

Taiton Resources is a diversified mining company primarily involved in the exploration and mining of molybdenum.


<WIRE> Electro Optic Systems (ASX:EOS) falls 15% in light of contract-related loan dispute

Electro Optic Systems (ASX:EOS), an Australian-based technology firm, saw its shares slip down by 14.5% to A$0.885.

This significant intraday fall harked back to that of May 9.

This decrease marked the company’s lowest level since Sept.

The company is embroiled in a commercial dispute with lending entity, Washington H.

Soul Pattinson (ASX:SOL), over contentions regarding the terms under a specific customer contract.

The company has received an influx of demand for the payment of a A$4.5 million fee within a seven-day timeframe, a request originating from investment company SOL.

Approximately 1.3 million shares have exchanged hands at 0329 GMT, compared to the 30-day average volume of about 416,963 shares.

Despite this recent fall, EOS had managed to record an impressive increase of 113.4% YTD, as of the last closing point.

Electro Optic Systems (ASX:EOS) is an Australian technology company specialising in defence, space and communication systems.


<WIRE> Synertec (ASX:SOP) Skyrockets by 24% after Securing Purchase Orders from Santos

Shares in engineering and procurement firm Synertec soared as much as 24.4% to A$0.255, potentially marking its best day since August 8.

Synertec (ASX:SOP) has announced that Santos intends to proceed with additional commercial orders of its groundbreaking technology for the Gladstone liquefied natural gas joint venture.

This technology is expected to be deployed to greenfield well sites across Queensland.

Meanwhile, Synertec’s shares hit their highest value since June 6, with over 1.3 million shares changing hands - six times the company’s typical 30-day trading volume.

Despite today’s surge, the company’s shares have seen a decline of 18% throughout this year.

The shares of Santos also saw a significant rise, jumping as much as 4% to A$7.645.

Synertec is an engineering and procurement firm specializing in developing advanced technological equipment and infrastructure.



<WIRE> Cromwell Property (ASX:CMW) Likely to Experience Diluted Equity Raise: Morningstar

According to Morningstar, Cromwell Property (ASX:CMW)’s equity may face a dilution.

The fair value estimate for the property group has been lowered to A$0.70 from A$0.85 as the stock price plummets following a rise in bond yields.

The brokerage has also stepped up the Uncertainty Rating of the real estate company to Extreme from previously being rated High.

Analysts at Morningstar are doubtful of Cromwell Property’s ability to raise equity at A$0.50 per security and thus, now predict the company will raise A$510 mln at A$0.30 per security.

Rising interest rates and threats to income affecting asset values are expected to cause a further fall in NTA.

In addition to these pressures, a dilutive equity raise is also assumed.

Moreover, all three analysts covering the stock rate it as hold according to LSEG.

Cromwell Property’s stock has fallen 48.5% this year as of the most recent closure.

Cromwell Property focuses on property investment and management.

It operates predominantly in Australia but has presence in other countries as well.


<WIRE> Nickel Industries (ASX:NIC) Thrives on Solar Project Deal in Indonesia

Nickel Industries (ASX:NIC) experiences a significant rise in shares of up to 2.5%, enhancing the monetary value to A$0.728.

If this upward curve maintains, it could mark an all-time best since the 29th of September.

Nickel Industries announces a binding agreement sealed for a solar project with Pt Sumber Energi Surya Nusantara.

The engagement encompasses a 200 MWP + 20 MWH battery solar project development within the Morowali industrial park, located in Indonesia.

This venture aims to supply power to the Nickel Industries' existing rotary kiln-electric arc furnace operations, among others.

Despite this positive jump, the company’s stock is down by 26.8% this year, in reference to the last recorded closing price.

Nickel Industries is a company leading the way in the nickel mining industry.


<WIRE> Fin Resources (ASX:FIN) Sees Best Day in Over Eight Years Following Lithium Ore Discovery

Shares of Fin Resources (ASX:FIN) have soared by as much as 154.6% to A$0.028, marking their highest level since April 27, 2022.

The stock is last up 81.8%, experiencing its best day since May 6, 2015, if the current gains hold.

The massive rise occurred after the mining company announced the discovery of significant potential lithium ores at an offshore mine in Quebec, Canada.

Fin Resources has also expressed confidence regarding future lithium discoveries in the region.

There has been a substantial increase in trading volume, with more than 66.7 million shares traded, which is 137.6 times the 30-day average volume of 485,163 shares.

However, despite the current surge, the stock is down by 42.1% this year, as of the last closing.

Fin Resources is a mining company specializing in the discovery and extraction of lithium ores.


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<WIRE> Emerald Resources (ASX:EMR) Announces Production of 28,109 Ounces of Gold in Quarterly Report

Emerald Resources (ASX:EMR) has announced the production of 28,109 ounces of gold at the Okvau Gold Mine for the recent quarter.

Constructively, the company’s quarterly production for September 2023 continues to hold between 25,000 to 30,000 ounces per quarter.

Meanwhile, gold sales for the September quarter were reported at 27,903 ounces, averaging a favorable US$1,918 per ounce for sale at the Okvau Gold Mine.

Emerald Resources is a company primarily engaged in the exploration and development of gold properties.


<WIRE> Centrex Announces Ardmore Operation Produced Over 80,974 Tonnes in September

Centrex (ASX:CXZ) has reported that its Ardmore operation has mined 80,974 tonnes of material in September, indicating it remains on track to produce more than 50,000 tonnes of beneficiated concentrate during the first half of the current financial year.

In addition to this, the company mined in excess of 30,000 tonnes of ore during the same month.

It further expects that it will be able to produce another 50,000 tonnes of beneficiated concentrate in the March quarter, with a total target of 440,000 tonnes for the calendar year of 2024.

Centrex is a company involved in the mining and production of various mineral resources.