Lacking direction on Monday: Aus shares flat at noon
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SUMMARY
09 Apr 2018 - Market at Midday: ASX200 is lacking direction at noon, testing higher levels but miners and energy drag. Fortestcue Metals (ASX:FMG) trading 1.3 per cent lower but lithium players like Pilbara Minerals (ASX:PLS) and Orocobre (ASX:ORE) over 2 and 3 per cent lower respectively. Atlas Iron (ASX:AGO) shares over 40 per cent higher today after multi billion dollar WA mining company, Mineral Resources (ASX:MIN) entered into a binding deal to snap up all of Atas’ shares. Infigen Energy (ASX:IFN) refinanced a $605 million corporate loan facility using its 6 wind farms as security, all part of its plan to evolve and growth in the energy market. Watch for full report.
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SUMMARY
09 Apr 2018 - Market at Midday: ASX200 is lacking direction at noon, testing higher levels but miners and energy drag. Fortestcue Metals (ASX:FMG) trading 1.3 per cent lower but lithium players like Pilbara Minerals (ASX:PLS) and Orocobre (ASX:ORE) over 2 and 3 per cent lower respectively. Atlas Iron (ASX:AGO) shares over 40 per cent higher today after multi billion dollar WA mining company, Mineral Resources (ASX:MIN) entered into a binding deal to snap up all of Atas’ shares. Infigen Energy (ASX:IFN) refinanced a $605 million corporate loan facility using its 6 wind farms as security, all part of its plan to evolve and growth in the energy market. Watch for full report.
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