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AGORACOM WIRE - WEDNESDAY MAY 30TH, 2012

GOLDEN HOPE MINES (TSXV:GNH) Confirms High Grade Intersection of 64.1 g/t Au (Gold) over 1m Read More

The screen metallic analysis returned 82 g/t Au for an average grade of 93.5 g/t Au.
Two additional fire assays on the original pulp done prior to the screen metallic analyses returned 0.22 g/t Au and 0.12 g/t Au for an average fire assay grade of 0.41 g/t Au. The weighted average of all the fire assays and screen metallic assays from this 1-metre section in hole BD2011-184 is 64.1 g/t Au.

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CONTINENTAL ENERGY Geothermal Energy Project Receives US$ 11.5 Million Grant Read More * Client

AGORACOM Launches Graphite Stocks Blog

Message: Easing oil price encourage Wall Street traders; C$ down

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Easing oil price encourage Wall Street traders; C$ down

posted on Jun 12, 08 05:08AM

Wall Street was celebrating the news of a massive all-cash corporate takeover proposal in the beer industry Thursday morning, while oil prices pulled back.

Anheuser-Busch Cos., America's biggest beer maker, disclosed late Wednesday it had received a US$46-billion buyout offer from Belgian-headquartered InBev SA.

The bid of US$65 a share for the maker of Budweiser represents an 11 per cent premium over Wednesday's closing price of $58.35, which has been boosted by recent takeover speculation.

Crude oil prices receded as the U.S. dollar gained strength. The near-month contract on the New York Mercantile Exchange was down $2.86 at US$133.52 a barrel, following a sharp rise of $5.07 per barrel Wednesday on news of a sharp decline in U.S. crude inventories.

"The underlying sentiment is probably bullish in the near term due to concerns in the supply side," said David Moore, a commodity strategist with Commonwealth Bank of Australia in Sydney.

The Canadian dollar opened at 97.65 cents US, down 0.39 cent as the American dollar rose against other major currencies.

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