Proactive Investor's  Instablog

Proactive Investor
Send Message
Proactiveinvestors is a leading multimedia news organization, investor portal and events management business with offices in New York, Sydney, Toronto and London. Proactiveinvestors operates five financial websites in four languages providing breaking news, comment and analysis on hundreds of... More
My company:
My blog:
  • Horseshoe Metals' 29% Share Spike Attracts ASX Speeding Ticket 0 comments
    Feb 26, 2013 7:02 PM

    Horseshoe Metals (ASX: HOR) received a price and volume 'speeding ticket' from the ASX yesterday after the company's shares hit $0.22, a 29% gain from Monday 25th February 2013.

    The company said it is not aware of any material information that has not been released to the market, which may explain the sudden investor interest.

    Horseshoe Metals did however state back to the ASX:

    'The company has previously announced in its December 2012 quarterly report that a maiden JORC compliant Mineral Resource estimation for the Rinaldi Prospect at its Kumarina Project is expected to be available in February 2013.

    'Whilst work on this Mineral Resource estimation is well advanced, the company is not yet in a position to release an announcement to the market.

    'The company expects to be in a position to release the finalised estimation within the next week.'

    Some drilling highlights from the Rinaldi Prospect in late 2012 included; 7 metres at 3.3% copper from 18 metres, including 1 metre at 11.6% copper.

    Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX "Small and Mid-cap" stocks with distribution in Australia, UK, North America and Hong Kong / China.

Back To Proactive Investor's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers


More »

Latest Comments

Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.