Explorers Looking To Consolidate Gains

Momentum is surging: A minerals explorer with a nickel focus, Heron completed a large base in March 2005, indicating price targets to 60 cents, $1.50 and $2. Momentum surges in April and August 2005 made the price overreach its first target, moving to 83 cents and 95 cents to produce a consolidation phase. A breakaway through 75 cents would trigger the next stage to retest the peak at 95 cents-$1.05 before heading higher. The risk would be a breakdown through 58 cents.

Index Surges On Media Shuffle

THE sharemarket rose about 1 per cent as rumours of further media consolidation sent investors into a buying frenzy and helped the market to its fourth week of consecutive growth.

Stokes Joins The Scramble - Snaps Up 8.5% Holding In Wa Newspapers

KERRY Stokes's Seven Network has launched a raid on West Australian Newspapers, the publisher of his home town paper, joining the wave of industry consolidation before the new media ownership laws have even come into effect.

Promina Surges On Takeover Talk

THE much anticipated consolidation of Australia's insurance industry again captured the attention of sharemarket traders yesterday with rumours bank-insurer Suncorp-Metway was preparing a bid for the nation's second-largest home and vehicle insurer, Promina Group.