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FXRE...Very interesting! Insiders are transferring shares to Atlas Real Estate Funds Inc. This could mean that a buyout is possible or that the fund may refinance the $475M debt. I think this could run big on buyout or refinancing news! Why else would they transfer shares to Atlas Real Estate Funds Inc? Read the recent Form 4's! Anyone here follow this one?
NNPP insider buys 13,000 shares thanks, dude.
http://xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=4426927
Unico, Inc. Announces Continued Progress -
on Reconstruction of Mill and Processing Facility
at Deer Trail Mine -
Friday July 28, 9:30 am ET
SAN DIEGO, CA--(MARKET WIRE)--Jul 28, 2006 --
Unico, Incorporated -
(OTC BB:UNCN.OB - News) -
a natural resource company in the precious metals mining
sector, today updated shareholders on progress of
reconstruction of the mill and processing facility
at the Deer Trail Mine in Marysvale, Utah.
Reconstruction of the mill and processing facility
is designed to improve both efficiency and capacity
in processing operations at the Deer Trail Mine -
as it begins processing stockpiled material currently
present on the property.
The facility is also expected to be utilized for material
harvested from future mining programs at
the Deer Trail Mine -
and other Unico subsidiaries.
A new photo gallery of the additional reconstruction
work have been added to the Unico website in the
"Media" section at
http://www.uncn.com/news/othermedia.asp.
http://www.uncn.com/news/othermedia_gallery5.asp?photo=0
Included in the recent construction is completion
of the fine ore hoppers, which will be placed into
their concrete foundation.
A thirty thousand gallon steel tank -
one-half inch thick, has been purchased -
and moved onto site.
The tank was split in two equal pieces measuring -
16 feet tall and 11 feet wide.
A 100-ton crane has been contracted to hoist the hoppers -
and the tank into place on their concrete foundations -
and this work is scheduled for completion within -
the next week.
Rubber Engineering has made their final measurements -
and fitted the templates, and the fabrication -
of the ball mill liners is near completion.
The ball mill bearings have been sent in to -
Bonneville Machine in Salt Lake City to be machined.
They are expected to be delivered next week.
The company has purchased a 2001 Caterpillar 938g loader -
which will primarily be used for feeding the mill.
A 2000 Case 9030B excavator has also been purchased -
and is now being used for the screening operation.
The ground has been cleared and leveled for installation -
of belt line to the ore silos.
Two Helmick 36" by 50' conveyors -
with a weight tech belt scale were purchased -
to transport the ore from the feed bin -
to the fine ore bins and a feed bin -
manufactured by Industrial Feeder was also purchased.
All leg supports have been engineered and built -
to support the conveyers to the fine ore bin.
Once the mill is operational, Unico's wholly owned -
subsidiary Deer Trail Mining Company, LLC -
will begin processing the stockpiled dump material -
and sell the concentrates in fulfillment -
of the company's five-year purchase contract -
with PGM, LLC, a private subsidiary of -
Polymet Corporation.
Terms of the agreement include a monthly purchase -
quantity of 150 tons for the first 6-9 months -
and increases to 300 tons through the duration -
of the five-year term.
Unico has estimated that the gross cash flow -
produced from the PGM contract could range -
from $125,000 up to $450,000 per month.
"We continue to be pleased at the progress -
on reconstruction and improvement at the mill -
and processing facility,"
said Mark A. Lopez,
chief executive officer of Unico, Inc. -
"With the ongoing screening of material from the first
targeted Upper Dear Trail Mine area, as well as -
the longer-term planned mining activity at -
the Deer Trail Mine -
there should be a steady supply of available feed -
for the mill for the foreseeable future."
Unico recently announced that -
the Deer Trail Mining Company -
has initiated screening plant operations -
at the upper Deer Trail Mine -
and that material is being run through -
the screening plant and moved to the mill -
in preparation for further processing.
In total, the company has identified -
approximately 80,000 tons of material -
from this area, which it plans to screen -
and process at the Deer Trail mill facility.
Historically, the material mined in this area -
has contained economical values of both -
gold and silver.
Shareholders who would like to sign up -
to receive information by email directly from Unico, Inc.,
particularly when new press releases, SEC filings
or other information is disclosed, are asked to visit
the company's website at -
http://www.uncn.com/IR/mailinglist.asp.
About Unico, Inc.
Unico, Inc.
(OTC BB:UNCN.OB - News) is a publicly traded natural
resource company in the precious metals mining sector
that is focused on the exploration, development
and production of gold, silver, lead, zinc, and copper
concentrates at its three mine properties:
the Deer Trail Mine,
the Bromide Basin Mine
and the Silver Bell Mine.
For more information, please visit
http://www.uncn.com.
Forward-Looking Statements
This news release may contain forward-looking statements
within the meaning of Section 27A of the Securities Act of
1933, as amended and such Section 21E of the Securities
Exchange Act of 1934, as amended. Such statements are subject
to risks and uncertainties that could cause actual results to
vary materially from those projected in the forward-looking
statements. The company may experience significant
fluctuations in operating results due to a number of economic,
competitive and other factors. These factors could cause
operation results to vary significantly from those in prior
periods, and those projected in forward-looking statements.
Information with respect to these factors, which could
materially affect the company and its operations, are included
on certain forms the company files with the Securities and
Exchange Commission.
Contact:
Contacts:
Gemini Financial Communications for Unico, Inc.
A. Beyer
951-587-8072
Email Contact
http://www.uncn.com
OTC Financial Network
Rick McCaffrey
781-444-6100, x625
Email Contact
http://www.otcfn.com/uncn
Source: Unico, Inc.
http://biz.yahoo.com/iw/060728/0148587.html
http://www.investorshub.com/boards/board.asp?board_id=177
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