Phase II drilling results reveal a substantial increase in the total Inferred Mineral Resource estimate at Irvine Island, Western Australia, from 294 million tonnes to 452 million tonnes

Pluton Resources Ltd director Anthony James Schoer bought 6,316 plan shares for $3,000 on September 8, 2010. He directly holds 109,202 shares and indirectly holds 2,582,411 shares and 5,231,694 management options. Director Raymond John Schoer indirectly bought 9,562 shares for $4,542.

•  This follows a 450 percent upgrade to the 294 million tonne Inferred Mineral Resource estimate announced in June 2010
•  Irvine Island has potential to produce up to 150 million tonnes of 66% Fe (iron concentrate) with easy access to international markets
•  The Project is being developed with the support and involvement of the indigenous Mayala community

Pluton Resources

Price at 1:00 pm: 47.0c

Price/Earnings: -48.8 times

Turnover volume: 136,300.0

Turnover value: $65,508

Turnover period: 1 year 11 months

Value of $1,000 invested 1 year ago: $676

Phase II diamond drilling is continuing at the Hardstaff Peninsula while a second rig is exploring the island’s Isthmus Region which might result in an initial resource estimate for that area. The drilling program will test the potential of the high grade haematite iron mineralisation that may be suitable as Direct Shipping Ore (DSO) which outcrops at the Isthmus Region over an area of approximately six hundred metres by seventy five metres. Outcrop sampling previously conducted in late 2007 across the area returned up to 67.6% Fe from a suite of sixteen surface samples (ASX announcement, 19th November 2007).

About Pluton Resources

About Pluton: Pluton Resources Limited is listed on the Australian Stock Exchange (ASX Code “PLV”). Pluton has assembled a diversified portfolio of interests in tenements in Western Australia and Tasmania. Tenements in Western Australia are 100% owned by Pluton, which includes the Irvine Island iron ore project. Tenements located in Tasmania are prospective for high grade or bulk tonnage copper, gold and silver. Further details on Pluton can be found atwww.plutonresources.com.

As per wikipedia . The Hindenburg Omen is a technical analysis pattern that is said to portend a stock market crash. It is named after the Hindenburg disaster of May 6, 1937, during which the German zeppelin Hindenburg was destroyed.

The hindenburg omen named after famous German airship  that crashed in new jersey in 1937 , is a technical indicator that predicts not  just a bear market but a stock market crash.

The hindenburg omen named after famous German airship  that crashed in new jersey in 1937 , is a technical indicator that predicts not  just a bear market but a stock market crash.

For this crash to happen , the 5 criteria of the Omen  should be fulfilled:

1.That the daily number of NYSE new 52 Week Highs and the daily number of new 52 Week Lows must both be greater than 2.2 percent of total NYSE issues traded that day.

2.That the smaller of these numbers is greater than or equal to 69 (68.772 is 2.2% of 3126). This is not a rule but more like a checksum. This condition is a function of the 2.2% of the total issues.

3. That the NYSE 10 Week moving average is rising.

4.That the McClellan Oscillator is negative on that same day.

5.That new 52 Week Highs cannot be more than twice the new 52 Week Lows (however it is fine for new 52 Week Lows to be more than double new 52 Week Highs). This condition is absolutely mandatory.

If we trace the Omen’s genealogy even further back, however, we find that it is a direct descendant of an indicator called the High Low Logic Index, which Norman Fosback, editor of Fosback’s Fund Forecaster, devised in the 1970s. In his classic textbook Stock Market Logic, Fosback explained why a large number of both new highs and new lows is bearish: "Under normal conditions, either a substantial number of stocks establish new annual highs or a large number set new lows — but not both

The creator of the  this  omen is a blind mathematician named jim Miekka , said that his indicator is no predicting  a market meltdown next month. will this affect australia is it a bad omen for australia  only time will tell .

Yuan vs  the Dollar

Yuan is going down down value !! and obama ‘s prespiration is getting stickier

But the yuan is still truant, with the dollar still fretting. Will the yuan win or the Dollar … well this pic  captures the moment !!

Hot stocks

D’Amato categorises Stock Doctor’s best "hot stock" candidates for this year in the following fashion:

best small-cap stock, Strike Oil (ASX code: STX);

best micro-cap stock, North Queensland Metals (NQM);

best income stock, Telstra (TLS);

best engineering stock, Monadelphous (MND);

best retail stock, Wotif.com (WTF);

best financial stock, Westpac (WBC);

best healthcare stock, CSL (CSL);

and best IT stock, Reckon (RKN)

Links Related:

Emerging companies- Speculative stocks- Small company stocks

Will the US dollar recovery continue through 2010?

Will a second wave of US mortgage defaults cause a repeat of the sub-prime crisis?

Will direct government investment begin to unwind and will the “too big to fail” companies be allowed to exist?

Dubai unnerved investors – are more shocks in the pipeline?

Where are the Property Markets heading?

How will china fare in 2010 ?

So who are  IOOFS MAJOR  shareholders ?

Blackrock Investment Management (Australia)

Bendigo and Adelaide Bank

First AXA Asia Pacific, next IOOF? According to the Herald Sun,institutional investors are cementing their position in IOOF, prompting talk the big banks, particularly ANZ Banking Group, might be looking to take over the financial services company.

Company Name:
IOOF Holdings Limited

Stock Code:
IFL

Website:

www.ioof.com.au

Market Cap ($M):
1,367

Equiv. Shares (M):
230

The paper reports that IOOF’s 81 biggest shareholders now account for about 70 per cent of its issued stock, compared with the 430 largest shareholders owning 46 per cent at the end of September 2008. Most recently, fund manager Blackrock Investment Management (Australia) became IOOF’s third largest shareholder, boosting its stake to 5.42 per cent five months after joining the company’s register.

IOOF Holdings Ltd

The paper suggests that IOOF’s retail funds management business could be of interest to the big banks, offering ANZ the opportunity to – if briefly, depending on how AXA APH negotiations go – become the nation’s biggest distributor of retail fund products. IOOF’s smaller price tag, compared with the $4 billion-plus for AXA APH’s local assets, might also tempt.

The second-largest shareholder in IOOF is Bendigo and Adelaide Bank, with which it has a strategic alliance. A potential obstacle for a major bank eyeing a deal with IOOF, is the target company’s decade-long strategic alliance with Bendigo Bank.

Bendigo is IOOF’s second biggest shareholder, with a 7.8 per cent holding.

The Victorian regional bank uses IOOF’s adviser network across the country and the alliance took on a more formal appearance several years ago when IOOF’s former chief executive Tony Robinson was appointed to the bank’s board.

IOOf Company Overview

IOOF Limited (IFL) is an Australian-based financial services operator. Its core funds management business is operated by IOOF Investment Management Limited. IFL acquired Perennial Investment Partners in 2006 and merged with Australian Wealth Management (AUW) in April 2009. IFL has rationalised and rebranded its financial planning businesses into Consultum Financial Advisers. IFL has a socially responsible investment research company, SIRIS.

Company History

IOOF was formed as a friendly society in 1846. It operated as a mutual organisation, providing sick pay and covering funeral costs for its members. More recently, IOOF’s focused on the marketing and management of its funds management business. In June 2003, the company demutualised and listed on the ASX. In April 2009 it merged with Australian Wealth Management to create one of Australia’s largest vertically integrated wealth managers encompassing: custody, brokers, advice and funds management.

Differentiating Factor

IOOF’s key differentiating factors are its brand name (formerly a friendly society), the depth of its products and the performance of its funds. IFL/AUW has a national financial planning network of around 580 aligned financial advisers, which enables it to cross-sell its various financial products and also provides a more “tied” source of revenue. IOOF’s socially responsible research is also a point of differentiation. The Perennial asset management business is a clear differentiating factor.

Major Customers & Competitors

Small share funds, institutions and retail investors are the major customers of funds management companies. Listed competitors include the fund manager subsidiaries of the five major banks, listed investment companies such as AMP, AXA, Perpetual and Challenger Financial Services, as well as an increasing number of smaller boutique fund managers. Unlisted competitors are primarily managed fund products distributed through financial planners.

ASX Announcements IOOF RELATED NEWS

IOOF company announcements are made on the Australian Securities Exchange website from time to time.

FUMAS for the quarter ended 30 Sept 2009

Notice of Annual General Meeting 2009

IOOF’s Merger Activity is Reaping Early Results

IOOF declares special dividend

Court approves AWM merger with IOOF

IOOF to acquire 100% of Skandia Australia and Intech businesses

IOOF Holdings and Australian Wealth Management will merge

Notice of AGM 2008

Full Year Results – Analysts Presentation

Updated warning on unsolicited offers

2007/2008 Earnings Update

ASX announcements for IOOF Holdings Ltd (ASX website)

Australian Minerals and Mining (AKA).

seeking a relatively modest $5 million and with December 10 as the proposed listing date, Australian Minerals and Mining is attempting to succeed where BHP Billiton failed, which is not as silly as it sounds. Two of the projects in the float are ex-BHP.

Top of the priority list is the Constance Range iron ore project in Queensland, which might have been developed in the 1950s if the vast iron deposits of the Pilbara in WA had not killed that plan, as it did for all small iron ore deposits around Australia.
The second “close-to-BHP” project is a prospective mineral sands deposits near Augusta in Australia’s extreme south-west corner, and adjacent to the failed Beenup mineral sands project. A grab-bag of other assets offer exposure to gold, and gypsum, which is perhaps trying to do too much with $5 million in fresh capital, but the number of exploration targets can always be cut later.

NEW LISTING IPO For the Australian Stock Market

Gascoyne Resources (GCY).

Seeking $6 million and with a December 11 listing date, Gascoyne is a pure gold play, which is just what the market wants at a time of record gold prices. The other appeal of Gascoyne is its “provenance”.

Most of its assets have germinated inside the technically smart Giralia Resources (GIR), a company that has made money for its shareholders by assembling and floating (or selling) exploration assets rather than taking the more risky step of actually mining anything. Gascoyne starts life with 203,000 ounces of gold in the resource category and with four priority targets, all in Western Australia.

Australian Bauxite (ABZ).

Seeking $4 million and floated out of the Hudson Resources stable, Australian Bauxite has the ore of aluminium (bauxite) as its primary target, and attapulgite (an industrial mineral) as its secondary target.

Despite a handful of examples of successful bauxite mining, it is an industry dominated by big mining companies, and a commodity not easily exported without being refined into alumina, the first step in the aluminium production process.

Dourado Resources (DUO).

After seeking $3 million (plus $2 million in possibly oversubscriptions) the float closed with 545 applications for $4.3 million. A listing date is yet to be set for the company, which has a range of base metal and uranium interests.

Luiri Gold (LGM).

Seeking $8 million and with November 23 as a listing date Luiri, comes to the ASX with a substantial gold resource of 800,000 ounces in its back pocket but in an unusual location and with an unusual ownership structure.

The gold is the southern African (mining friendly) country of Zambia. Luiri itself is already listed on the Toronto Stock Exchange, and the assets are held via a Mauritanian company.

Victorian Gold Mines (VGM).

Seeking $3 million and with December 17 as its listing date, Victorian Gold has (as its name implies) a range of gold exploration tenements in Victoria, including assets close to the historic Oriental and Mt Orient mines near the town of Bright.

The challenge with Victorian gold is its “nuggetty” nature, which means you might find plenty of rich pods, which is good news, but that makes for difficult exploration and resource evaluation.

2009 and 2010 Australian IPO Listing

For Full article visit http://www.eurekareport.com.au/iis/iis.nsf/pages/0C2EA201EBD989EDCA257670000A541D?OpenDocument