Friday February 23, 2007

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Lihir shares surge 25c to A$3.25
LIHIR Gold appears to have cemented its place as Papua New Guinea’s largest listed company following a merger with Australia’s Ballarat Goldfields and a sharp A$0.25increase, or 7.7%, in its share price to A$3.51.
Highlands Pacific financial troubles to last until 2010
HIGHLANDS Pacific has restructured its problematic gold forward sales programme by slashing this year’s delivery schedule, but the financial pain of the deal will be severe until the end of 2010.
KSi surges to go past 4,500-point milestone
KINA Securities Share index (KSi) surged to a milestone of 4,500 points this year, closing at 4,525.87 on the Port Moresby Stock Exchange on Wednesday.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
                                                                                                                    

    
The troubled Kainantu mine last year only produced 23,579oz of gold

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

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Business
ANZ Rates
SELLING
Code
Notes
TT
US$  0.3180  0.3550
AU$  0.4127  0.4477
Pound  0.1640  0.1740
Euro  0.2463  0.2613
Sing$  0.4885  0.5096
Peso  15.29  15.67
 

STOCK

BUY

SELL

LAST

BSP

3.22

3.23

3.22

Credit Corp.

4.27

5.60

4.27

CPL

0.00

0.00

2.00

CUE

0.00

0.00

0.21

drd

0.00

0.00

6.50

Highlands

1.70

1.70

1.65

Inter Oil

00.00

0.00

86.00

Lihir

4.50

0.00

4.50

Mossaic

0.00

0.00

0.50

Mineralcorp

0.12

0.15

0.15

NBPO

5.60

 5.62

5.60

Oil Search

8.20

8.21

8.21

RMU

2.53

0.00

2.53

Steamships

0.00

0.00

5.00