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hi RF, good afternoon friends and readers.
Hey Mick - good to see you're always on the job.
when you did this HLSRF it was near their lows.
Hillsborough Res Ltd DL (02/09/2006 1:23 PM EST)
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Hillsborough Res Ltd News and Filings As of 02/09/2006 1:38 PM EST
No recent news available for Hillsborough Res Ltd
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this is showing great strenght since you mentioned and started the forum. nice call for us.
Great news as share price continues to rise.
VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Feb. 9, 2006) - Hillsborough
Resources Limited (TSX:HLB) is pleased to announce that a technical report has
now been completed in respect of the Barbour and Horizon blocks of the Five
Cabin property, located in Northeast B.C. The report, dated February 8, 2006
and entitled "Five Cabin Project - Barbour and Horizon", was prepared by
Norwest Corporation ("Norwest") in accordance with the provisions of National
Instrument 43-101 ("NI 43-101"), Form 43-101F1.
The technical report covers the Barbour block and the southern portion of the
Horizon block. Located in the north half of the Five Cabin property, these
blocks are included in the Horizon group and form part of the Horizon Mine
area currently being explored and developed by Hillsborough. In-place, surface
mineable, bituminous coal resources delineated in the report total 45,579,000
tonnes of measured and indicated resources, and a further 8,176,000 tonnes of
inferred resources. These coal resources have been estimated by Norwest based
on 3D geological models constructed by them, and within a 20:1 incremental
cut-off ratio of bank cubic metres of overburden per tonne of coal. The
resources are summarized as follows:
Measured Indicated Inferred
-------- --------- --------
Barbour
Medium volatile 6,975,000 12,679,000 6,935,000
Low volatile 672,000 3,968,000 1,241,000
-------------------------------------
7,647,000 16,647,000 8,176,000
Horizon
Medium volatile 21,285,000 - -
-------------------------------------
Total 28,932,000 16,647,000 8,176,000
-------------------------------------
The technical report has been prepared by G. Lynn Taylor, P.Geol., a Senior
Geologist with Norwest and an "Independent Qualified Person" as described in
NI 43-101. The report has been filed on SEDAR and is available for viewing at
www.sedar.com.
Hillsborough is continuing exploration on the Northridge block and the
northern portion of the Horizon block, and expects to complete drilling by the
end of February. Norwest has been commissioned to prepare a technical report
on these blocks, and it is anticipated that this report will be completed by
the end of April.
Based on the coal resources being delineated on these blocks, Hillsborough is
proceeding with a feasibility study for the Horizon Mine with pit design and
mine planning work based on a production level of up to 1.6 million tonnes of
coking coal product per year. Baseline environmental work is largely complete,
and the Horizon Mine project is in the "Pre-application" stage of the
Provincial Environmental Assessment Process. Hillsborough expects to be in
position to file the application for a Project Certificate by July of this
year. Mine Permit approval for production of bulk sample tonnage has now also
been received, and Hillsborough is developing plans for a mobile wash plant,
site development and access construction with the objective of producing the
bulk sample later this year.
Hillsborough Resources Limited is a coal mining company that operates the
Quinsam underground thermal coal mine in Campbell River, British Columbia
serving the local and west-coast U.S. cement industry, and the Crossville
underground coal mine in Tennessee serving the regional power utility and
industrial markets. We are also developing substantial metallurgical coal
properties near Tumbler Ridge in the Northeast of British Columbia, as well as
the Bingay Creek metallurgical coal project in the Elk Valley region of
Southeast British Columbia.
David J. Slater, President & Chief Executive Officer
This release may contain forward-looking statements regarding the
Corporation's business or financial condition. All statements in this release,
other than statements of historical facts, that address future production,
reserve potential, exploration drilling, exploitation activities and events or
developments that the Corporation expects are forward-looking statements.
Although the Corporation believes the expectations expressed in such
forward-looking statements are based on reasonable assumptions, such
statements are not guarantees of future performance and actual results or
developments may differ materially from those in the forward-looking
statements. Actual results could differ materially from those described in
this news release as a result of factors including but not limited to the
following: adverse exploration or development results; adverse due diligence
findings; re-assessments of corporate or development objectives and
requirements; additional technical developments and considerations; unexpected
increases in the costs of producing coal, changes in international coal or
transportation markets, a rapid change in the value of the Canadian dollar
particularly with respect to the US dollar, a fundamental slow down in the
North American, Asian or worldwide economies; and other factors. Investors are
cautioned that any such statements are not guarantees of future performance
and that actual results or developments may differ materially from those
projected in the forward-looking statements.
FOR FURTHER INFORMATION PLEASE CONTACT:
Hillsborough Resources Limited
David Slater
President & CEO
(604) 684-9288
(604) 684-3178 (FAX)
www.hillsboroughresources.com
(END) Dow Jones Newswires
02-09-06 1047ET
the referees stole the game from seattle. this goes on too often in these games.
this how denver won their first super bowl. favre hasn't been much after the loss to denver.
me too - i figured seattle and 4 points was a lock LOL. Only a small bet though thank goodness
yes , i'm doing o.k. lost in the super bowl bet but that is the way the cards fall when the referees make the wrong calls.
thanks Mick - I think HLB is a solid play.
hope u'r doing well.
hi RF, i see this article may have some bite for us. steady pps increase since you brought it to our attention.
Hillsborough Res Ltd DL (02/07/2006 9:32 AM EST)
HLSRF 1.20 N/A
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Hillsborough Res Ltd News and Filings As of 02/07/2006 9:47 AM EST
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Major news - This is the reason the stock has been going up.
Hillsborough Resources: Hillsborough Announces Finalization of Definitive Agreement With Anglo Coal
2/6/2006
VANCOUVER, BRITISH COLUMBIA, Feb 6, 2006 (CCNMatthews via COMTEX) --
Hillsborough Resources Limited (TSX:HLB) is pleased to announce the finalization of a Coal Projects Agreement with Anglo Coal, a division of Anglo American plc (LSE:AAL), in respect of Hillsborough's Five Cabin and ancillary coking coal properties located in Northeast B.C. This represents the conclusion of the definitive agreement anticipated by the previously-announced $4.5 million transaction bridge loan from Anglo Coal entered into at the end of 2005.
The Coal Projects Agreement covers nine of the eleven coal properties Hillsborough holds in Northeast B.C. Under the agreement, these properties have been grouped into two project areas. The first is the Horizon group, comprising the Barbour, Horizon and Northridge blocks of the Five Cabin property as well as the Murray and Waterfall properties, and which includes the Horizon Mine area on which Hillsborough has already initiated pit design and mine planning work. The second group, to be known as the Murray River Group, includes the Southridge area of Five Cabin as well as the Tent Fire, Prospect, Turning Mountain, Mesa, Reesor and Bullmoose properties and will form the basis of the new MRG Joint Venture between the parties.
Under the Coal Projects Agreement, Hillsborough will continue its current work with respect to the Horizon group on developing the mine plan and feasibility study in respect of the Horizon Mine. The $4.5 million transaction bridge financing is now converted into a three year term loan agreement, secured except in limited circumstances with recourse only against the Horizon group properties and with interest accruing at the rate of LIBOR plus 1%. During the three year period, at such time as Hillsborough reaches a decision to develop a mine in respect of the Horizon group, Anglo Coal will have the option to convert the loan and accrued interest into a 60% interest in the Horizon group. The mine would then be developed under the Horizon Coal Joint Venture with the participants funding their proportionate interests, and to the extent the cost to Hillsborough of procuring a development decision exceeds $2.5 million from the date the Coal Projects Agreement takes effect it will be credited for such excess against its share of future development costs. If Anglo Coal does not convert, then with certain limited rights of recovery their option to earn into the Horizon group will expire and Hillsborough will have one year within which to repay the loan.
Under the terms of the MRG Joint Venture, Anglo Coal is assuming immediate responsibility for managing the continuing exploration and development of the Murray River Group properties. By funding the first $5 million of exploration on these properties within three years, Anglo Coal will vest a 51% interest in the Murray River Group. By increasing that expenditure level to $8 million within the three year period, either through further exploration and development or by paying or crediting Hillsborough for any shortfall, Anglo Coal will increase its interest to 60%. The properties would then continue to be developed under the MRG Joint Venture with the participants funding their proportionate interests. At such time as a decision is reached to develop a mine on the Murray River Group properties, Anglo Coal may elect to pay Hillsborough an additional $5 million and Anglo Coal's interest will then increase by a further 10%. In any event, on reaching a decision to develop a mine on the Murray River Group properties, Hillsborough will have the right to elect that its contribution to the development costs be funded in full either by a project loan from Anglo Coal on terms that include bearing interest at the rate of Anglo Coal's cost of funds plus a margin to be set at the time, through project finance to be arranged by Anglo Coal using reasonable commercial endeavours and based on then-prevailing market conditions, or through financing arrangements made by Hillsborough itself.
Hillsborough has been granted a mine gate royalty over all properties, with the rate over the main properties comprising the two groups being 1%, and the agreement makes no provision for Anglo Coal to take an equity position in Hillsborough. Anglo Coal Marketing Limited is appointed as exclusive marketing agent for a minimum five year term from the time when coal is produced from a mine developed by either of the Joint Ventures. Hillsborough has also renegotiated the terms by which it will complete the acquisition of the property interests from the original vendor, altering the amount of consideration payable and the timing of when consideration payments are triggered to more closely align with the stages of the Coal Projects Agreement. Final effectiveness of the Coal Projects Agreement remains subject to certain limited conditions precedent, including approval of the Toronto Stock Exchange, which are expected to be completed shortly.
"We are very pleased to successfully conclude our negotiations with Anglo Coal," said David Slater, President & CEO of Hillsborough Resources Limited. "We look forward to continuing the advancement of these two excellent project areas, and through this new relationship with Anglo Coal we will leverage our joint efforts to develop what is hoped will be the premier metallurgical coal producer of the North East B.C. coal fields."
Anglo Coal is an international coal mining company, with interests in operations in South Africa, Australia, Venezuela and Colombia producing in excess of 90 million tonnes of coal per annum. The Anglo American group of companies is involved in the mining of, among others, gold, platinum, diamonds, base metals, iron ore and other industrial minerals.
Hillsborough Resources Limited is a coal mining company that operates the Quinsam underground thermal coal mine in Campbell River, British Columbia serving the local and west-coast U.S. cement industry, and the Crossville underground coal mine in Tennessee serving the regional power utility and industrial markets. We are also developing substantial metallurgical coal properties near Tumbler Ridge in the Northeast of British Columbia, as well as the Bingay Creek metallurgical coal project in the Elk Valley region of Southeast British Columbia.
David J. Slater, President & Chief Executive Officer
o.k. , the congress seems to know about the mining technology.
they approved some things monday.
I was looking for the same thing - it's a sure fire winner. Let me know if you find a company that has it.
I don't think the GPS units would work that far underground.
say i saw the instrument this morning for safety. do you know who makes this product?
i think the cost is about $700 per miner.
and the ozygen maker will do well too.
Thanks Mick - hope that we can continue to develop safe and environmentally more favorable coal and be less dependent on mideast oil.
this surely has been moving up solid since you mentioned it.
price was up again today - lots of talk about Anglo investing or even taking over the company at some point.
Hillsborough Resources Ltd DL (Jan 23 10:40 PM EST)
T.HLB 1.38 0.07
Today 5 Dy 1 Mo 3 Mo 1 Yr more
Last Price
1.38
Change $
0.07
Change %
5.34%
Tick
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1.36
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15000
Ask
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16800
Open
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High
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Low
1.30
Prev Close
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Last Trade
3:58
Volume
306.0 k
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Market Cap
58.48 m
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42.38 m
EPS (TTM)
0.04
PE Ratio
33.00
Exchange
TSX
Hillsborough Resources Ltd Headlines As of Jan 23 10:55 PM EST
01/11/06 1:50 PM Hillsborough Resources: Hillsborough Announces Letter of Intent to Develop Oklahoma Underground Coal Mine - CCN Matthews
01/03/06 8:35 AM Hillsborough Resources: Hillsborough Announces $4.5 Million Loan Agreement with Anglo Coal - CCN Matthews
12/22/05 5:45 PM Hillsborough Resources: Hillsborough Provides Year End Update - CCN Matthews
11/02/05 5:01 PM Hillsborough Resources: Hillsborough Announces Third Quarter Results for Fiscal 2005 - CCN Matthews
10/24/05 9:02 AM David Whittle, CFO of Hillsborough Resources Limited Talks to The Wall Street Transcript Monday, October 24 - Business Wire
More News for T.HLB ...
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Related Boards
HILLSBOROUGH RESOURCES (also HLSRF) (T.HLB)
91 Posts, Last Post - 1/23/2006 10:57:01 PM (ET)
Full Text Search for T.HLB
i clicked it here for a quote. it went to the page and it shows the forum.
Matt says you have to do it with the t.hlb
http://www.investorshub.com/boards/quotes.asp?ticker=t.hlb
W.Va. Lawmakers OK New Mine Safety Rules
CHARLESTON, W.Va. (AP) - After 14 coal mining deaths in three weeks, West Virginia lawmakers unanimously passed a bill Monday that would require mines to use electronic devices to track trapped miners and stockpile oxygen to keep them alive until help arrives. The Senate and House both acted with...
hi RF, i placed the symbol for quote. it doesn't show the forum if i did it right.
you are very welcome. everyone pitches in and we have a great forum.
good idea - thanks I'll write to matt
this is how it looks when you ask for a quote.
http://www.investorshub.com/boards/quotes.asp?ticker=hlsrf
there isn't a forum click for HLSRF. IT IS THE SYMBOL FOR THE CANADIAN QUOTE.
do you think you can ask matt to change it to both of the symbols?
Hope others have picked up some here.
Insider buying
Hillsborough Resources Limited (HLB) As of January 16th, 2006
Filing Date Transaction Date Insider Name Nature of transaction Securities # or value acquired or disposed of Unit Price
Jan 16/06 Jan 09/06 Irvine, Arthur Barry 30 - Acquisition under a purchase/ownership plan Common Shares 2,375 $1.207
Jan 16/06 Mar 07/05 Irvine, Arthur Barry 00 - Opening Balance-Initial SEDI Report Common Shares
Jan 16/06 Jan 09/06 Stuart, George William 30 - Acquisition under a purchase/ownership plan Common Shares 2,375 $1.207
Jan 16/06 Jan 09/06 Stothert, Winston Dunderdale 30 - Acquisition under a purchase/ownership plan Common Shares 3,959 $1.207
Jan 16/06 Jan 09/06 Fitch, Michael Allen 30 - Acquisition under a purchase/ownership plan Common Shares 2,850 $1.207
Jan 16/06 Jan 13/06 Krivokuca, Paul 30 - Acquisition under a purchase/ownership plan Common Shares 2,771 $1.184
Jan 16/06 Jan 13/06 Slater, David John 30 - Acquisition under a purchase/ownership plan Common Shares 3,169 $1.184
Dec 23/05 Dec 21/05 Hesperian Capital Management Ltd. 10 - Acquisition in the public market Common Shares 46,900 $1.080
Dec 23/05 Dec 21/05 Hesperian Capital Management Ltd. 10 - Acquisition in the public market Common Shares 45,000 $1.080
Dec 18/05 Dec 12/05 Hesperian Capital Management Ltd. 10 - Acquisition in the public market Common Shares 400,000 $1.069
#msg-9090903 - Hillsborough gets $4.5 million loan from Anglo American coal - further discussion on joint ventures
Likewise and to you and your family. Keep well!!!
HAPPY NEW YEAR'S TO ALL.
hi RF , good morning H.B.R's
i like to wish all in several languages
Merry Christmas
Happy Hanukkah
Frohe Weihnachten
Happy Polski Kiermasz/Wesotych Swiat
Buon Natale
Joyeux Noel
Feliz Nauidad
And A Very Happy New Year To All.
Hillsborough Resources is currently a member of my "TOP 10" investment ideas list for 2006.
I've set up a special page on my trading platform for these special companies that I feel have compelling value and capital gains potential for the next few years.
This means it's going to be actively monitored and traded and "campaigned" by myself from the long side with the other 9 on the TOP 10 list.
Good luck to holders!
Rogue
This has been starting to move upwards off the recent bottom when I started this board. I was lucky enough to accumulate down in the US .90 range.
Recently, Hesperiian Capital, a Canadian fund, purchased over 10% and there was a favorable mention in the National Post, including the listing of HLB as a top pick.
I'd urge anyone interested in the coal area to read the National Post article
http://www.canada.com/nationalpost/financialpost/story.html?id=40d1dd98-0b59-4f29-9a66-a7d82ff26218&....
It gives an insight on how temporary factors can sway the market. The price of HLB and other junior coal companies went down because of a shortage of tires used on trucks hauling coal and then another "rationale" was that steel producers had over-ordered.
It seems to me that much of this analysis created an opportunity in that the price of energy delivered by coal is a fraction of what it costs to deliver by natural gas and demand won't go down in the big picture any time soon. As technology improves and funds go into clean coal production, some of the enviormental issues may be less burdensome.
The Western Canadian coal business has gotten so bad it's starting to look good.
At least, that's what you could conclude after reading a report by Gary Lampard, analyst with Canaccord Capital Corp. Mr. Lampard initiated coverage of five junior Western Canadian coal companies last week, with NEMI Northern Energy and Mining Inc. and Hillsborough Resources Ltd. as his top picks.
Semi O/T,
Are hydrocarbons renewable?
13.12.05 | 13:53 By Joel Bainerman
Are hydrocarbons "renewable", and if so, what does that mean for the future of the world's oil and natural gas supplies?
This question is critical due to the enormous amount of coverage the issue of "Peak Oil" is receiving from the mainstream press.
If the supply of hydrocarbons is renewable, then contrary to the conventional wisdom being touted throughout the mainstream press today, the world is NOT running out of oil.
Gimme ten gallons of dead dinosaur
Geologists have long believed that the world's supply of oil and natural gas came from the decay of primordial plant and animal matter, which, over the course of millions of years, turned into petroleum.
However there have actually been for quite some time now two competing theories concerning the origins of petroleum. One theory claims that oil is an organic 'fossil fuel' deposited in finite quantities near the planet's surface.
(#msg-8945362)
Dubi
W. Va. Court Upholds Tax on Coal Exports
Friday December 2, 11:05 am ET
By Lawrence Messina, Associated Press Writer
W. Va. State Supreme Court Upholds Tax on Coal Exports, Rejects Argument It's a Sales Tax
CHARLESTON, W.Va. (AP) -- West Virginia's Supreme Court on Friday affirmed the state's ability to tax coal exports, rejecting coal companies' arguments that the state's severance tax is actually a sales tax that violates federal protections of interstate commerce.
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If the court had struck down the tax, the state said it would have been forced to refund an estimated $500 million in tax revenue and interest to the 11 coal companies that challenged it. Coal company lawyers placed the figure at half that amount.
In a 3-2 ruling, the high court found more than a half-dozen legal conclusions supporting the state's power to levy the severance tax.
"West Virginia's coal severance taxes are substantially similar to coal severance taxes that have been found to be constitutional by the United States Supreme Court," Justice Larry Starcher wrote for the majority. "No court in America has held that coal severance taxes like West Virginia's offend the Import-Export Clause (of the U.S. Constitution)."
Exports make up about 10 percent of West Virginia's total coal sales, and eliminating the exports' severance tax would cost the state between $40 million and $50 million in future annual revenue.
A lawyer for the coal companies and Revenue Secretary Virgil Helton declined immediate comment Friday, pending a review of the ruling.
Justice Elliott "Spike" Maynard dissented from Friday's ruling. Justice Brent Benjamin dissented from part of the decision while concurring with other aspects. They reserved the right to file separate opinions, along with Chief Justice Joseph Albright and Justice Robin Davis, who helped form Friday's majority.
Issuing his dissent Friday, Maynard cited a 1946 U.S. Supreme Court ruling that struck down California's attempt to tax a refinery that sold oil to another country.
"Because of what I consider to be the majority opinion's insufficient analysis of the constitutionality of the other taxes challenged in this case, I decline to concur with its conclusion that those taxes are constitutional," Maynard wrote.
The other severance taxes include two that are calculated as a percentage of the coal's value, both mined and processed, and three taxes that are assessed as fixed amounts on each ton mined.
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Death Toll in China Mine Blast Reaches 166 photo
BEIJING (AP) - The death toll from a coal mine explosion in northeastern China rose to 166 Friday with the discovery of two more bodies, the government said. Rescuers continued to comb debris for five miners still missing after Sunday's blast at the Dongfeng Coal Mine in Heilongjiang province, the...
Will radar it :)
Officials: 33 Chinese Miners Still Missing photo
QITAIHE, China (AP) - Rescuers at the site of a coal mine explosion that killed 150 people in northeast China say an additional 33 miners may be missing, state television reported Wednesday. The blast occurred Sunday at the Dongfeng Coal Mine, and officials initially said 221 miners were...
You want diamonds - see MTX.v - diamond mining in Canada - high risk, but they have a hero of the business running it. I only have a tiny position, to just get some mining companies in my microcap portfolio. Prefer to go with this one here and some oil and gas plays, plus a couple of gold related.
U seem any diamonds in the market these days?????
great balls of fire. you are very welcome.
hey I'm honored that I was able to show the master of boards something LOL
O.K. , NEW ONE FOR ME. thank you. i always like to pickup something new everyday.
Go to tinyurl.com
You can convert long hyperlinks to a short one....
o.k., i have a question.
how does it show it like this?
Stockhouse - has a somewhat active message board on this stock.
http://tinyurl.com/avfbz
this one does have some teeth , bright white.
thanks Mick and 02 - I think I got them now in the IBox.
here is the stockhouse link.
http://www.stockhouse.com
http://stockhouse.com/index.asp
RF you may want a click to for this message in the ibox.
you can change the wording but it is a very good comment for reading about coal. all you have to do is paste it in the ibox.
How Coal Is Cleaning Up Its Act , see this message.
#msg-8648961
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