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Nice picks.....
Check Jamba Juice at 'JMBA'
Just got home and it looks like another ugly day. Looks like my buy order for AEZS went through at 1.65
KOG- put my money in KOG at $3.54 They posted record quarterly production results again!
AEZS
UPDATE 1-Aeterna cancer treatment gets orphan-drug status
Thu May 6, 2010 8:05am EDTStocks
* Says ovarian cancer treatment gets orphan-drug status
* Shares up 15.3 pct in trade before the bell
TORONTO, May 6 (Reuters) - Canadian drugmaker Aeterna Zentaris Inc (AEZ.TO) said on Thursday that U.S. regulators have granted their ovarian cancer treatment orphan-drug status.
The orphan-drug designation is reserved for new treatments that are being developed to treat diseases or conditions that affect fewer than 200,000 people in the United States. The status grants the drug developers seven years of market exclusivity.
Quebec-based Aeterna said the ovarian cancer treatment is currently in a phase 2 trial in advanced ovarian and advanced endometrial cancer in Europe.
On Wednesday, Aeterna Zentaris and its U.S. partner Keryx Biopharmaceuticals (KERX.O) said that U.S. regulators had granted their colorectal cancer treatment fast track approval, sending the shares of the two companies soaring. [ID:nN05172785]
Shares of Aeterna were up 19 cents at $1.43 in trade before the morning bell on the Nasdaq. (Reporting by Euan Rocha; Editing by Derek Caney)
AEZS- very good article and interview about this company and what they have going on right now. It also explains their partnership with KERX. HIGHlY RECOMMEND READING!
http://biotuesday.ca/2010/04/20/aeterna-zentaris-pursuing-aggressive-milestones-for-trio-of-drugs/
SNSS- they will be presenting at ASCO June 7th! here is a link and you have to type in voreloxin in the keyword to pull up their presentations.
http://meetingplanner.asco.org/
SNSS- bought some at 1.02 looking for partnership news
for their phase III trial.
YMI- looks like on the daily chart the Bollinger Bands are starting to pinch. I'm attaching a link that explains BB.
http://www.forexpros.com/education/technical-analysis/bollinger-bands-explained--2630
YMI- here are all the trials they currently have going. If one fails, there multiple more to keep the company going. I highly recommend checking this out. I have a feeling more news is very close.
http://www.ymbiosciences.com/products/clinical_trials.php
YMI- link to news this morning:
http://finance.yahoo.com/news/YM-BioSciences-announces-prnews-2186886934.html?x=0&.v=2
Thanks, let's just see if it can hold onto its gains.
EXK- check out this one as it is flying under the radar, imo.
PLG- volume is low but buying has picked up and the share price has begun to rise. This is an example of how quickly this one can run up on buying. Chart is starting to look really good to me as I think the 1.80 range was the bottom.
KOPN- sold for a small loss. It might move at some point but it's staying relatively flat right now, so I'm moving on. I'm looking at getting more PLG as I think it will begin moving back up this week.
GL! I added it to me watch list for a possible day trade, but I will do the same and watch it for a few days before I do anything. Watch PLG as they are way over due for some news on which direction the company will go in. One option is to sell the company or to sign on a partner to help with opening one of their platinum mines. This is definitely a speculative buy, imo.
i always wait for a pullback and confirmation for continuation before i play it.
But i been watching it for 2 days in a row.
That one scares me a bit because it seems like it can tank as quickly as it can fly. Definitely a roll of the dice.
ZANE @2.12 WATCH the action.
Surprisingly, precious metals are struggling to hold onto their morning gains. The USD has to correct itself eventually after its nice run up.
Going to be an interesting day tomorrow. Will this mean the USD will start to drop again tomorrow as confidence will regain in the Euro? If so, precious metals would probably rise tomorrow.
Eurozone agrees on bailout plan for Greece
Eurozone nations reach agreement on bailout program for Greece, others
BRUSSELS (AP) -- Greece won a major pledge of financial support from the other countries that use the euro and the International Monetary Fund in a deal that aims to halt a government debt crisis undermining confidence in Europe's currency union.
The joint eurozone and IMF bailout program comes with strict conditions and makes no money available right now.
It could be tapped only if Greece or other financially troubled eurozone members cannot raise funds from financial markets. It would require the unanimous agreement of the 16 eurozone countries to release the loan funds.
The deal at a summit meeting Thursday night in Brussels was a clear victory for German Chancellor Angela Merkel, who had taken a tough line on any bailout. She demanded that a rescue for Greece only come when the country runs out of other options and said it must include the IMF.
It was also a comedown for the French and the European Central Bank, which had opposed turning to the IMF out of fear it would damage the euro's prestige and show that Europe was unable to solve its own financial woes.
Greece's financial difficulties have weighed on the shared currency, driving its exchange rate down to $1.33 from $1.51 in November. It has also illustrated a basic weakness in the euro: the budget and deficit rules adopted to support it were not strong enough to prevent governments from spending their way into trouble.
A default -- if Greece cannot raise money to pay off debt coming due this year -- would be a further serious blow to the euro, and most economists and market analysts expected that the European Union would find a way to stop it. But pledges of support had been vague until now.
"We hope that it will not have to be activated," said the European Union's president Herman Van Rompuy. "This would be triggered as a last resort." He said the program should tell markets to "have confidence that the eurozone will never abandon Greece."
Luxembourg's prime minister Jean-Claude Juncker, who heads the group of eurozone finance ministers, said "speculators will be discouraged because they know from now on we have this instrument."
Greek government officials say they believe the existence of a eurozone safety net will help them borrow at lower costs. They expect the spreads to fall significantly in coming weeks.
"We hope and believe that we won't ever use it," a Greek source said under condition of anonymity because he was not authorized to be quoted in the news media.
French President Nicolas Sarkozy said eurozone nations would offer loans totaling some two-thirds of the package with the IMF offering the last third. "We didn't count up to the last euro," he said. "It can be adjusted."
Juncker said they did not agree an amount of a possible bailout for Greece. Two diplomats earlier said the total loans would be some euro22 billion. All eurozone nations are pledging to help -- although any contribution would be voluntary.
Eurozone nations also want to take steps to prevent debt and deficits getting out of control again, calling for tougher rules and sanctions. Van Rompuy said they "want all necessary measures to be taken to ensure that this does not recur."
He has been tasked with drawing up possible options to toughen EU oversight of member's budgets and economic performance.
The bailout program could be used to help other vulnerable eurozone nations such as Portugal and Spain who have seen debt soar after the global economic turmoil of the past several years saw their economies sink into recession.
The Washington D.C.-based lender has already joined the EU in bailing out and demanding budget cuts from three EU members that don't use the euro: Hungary, Latvia and Romania.
European and U.S. stock markets rose earlier Thursday on news that a financial rescue package for Greece was taking shape. Market worries over Europe's weeks-long hesitation to set up a safety net for eurozone members who can't pay their bills has sent the euro sliding to a 10-month low.
Greece needs to borrow some euro54 billion this year and must refinance some euro20 billion in April and May. It has been able to sell bonds but says it cannot keep paying the high interest rates investors have been demanding to compensate them for the perceived risk that Greece might not pay.
Germany's Merkel was not sympathetic, saying financial rescue could only come in an "exceptional emergency."
Germany sees itself as a fierce defender of prudent budget spending and is unwilling to use its taxpayer money to help Greece, which overspent and faked budget figures for years. Merkel also faces a key regional election May 9 which could damage her center-right government by overturning its majority in Germany's upper house of parliament.
EXK!!!
Endeavour Silver Reports Record Financial and Operating Results in 2009
Press Release Source: Endeavour Silver Corp. On Wednesday March 24, 2010, 9:00 am
VANCOUVER, BRITISH COLUMBIA--(Marketwire - 03/24/10) - Endeavour Silver Corp. (TSX:EDR - News)(TSX:EDR.WT - News)(AMEX:EXK - News)(DBFrankfurt: EJD) announced today record financial and operating results for the fourth quarter and fiscal year ended December 31, 2009. For the fifth consecutive year, Endeavour set new Company standards for silver and gold production, reserves and resources.
The financial results are expressed in US dollars ("US$") and are based on Canadian generally accepted accounting practices (Canadian "GAAP"). For a more detailed review, shareholders are referred to the 2009 Audited Financial Statements, Management Discussion and Analysis ("MD&A") and Annual Information Form ("AIF") at the Company's website, www.edrsilver.com or on the SEDAR website, http://www.sedar.com/ and to the SEC Form 40F filed on EDGAR at http://www.sec.gov/edgar.shtml.
Highlights Fiscal Year 2009 (Compared to Fiscal Year 2008)
- Sales Revenues climbed 29% to $50.8 million
- Mine Operating Cash-flow jumped 85% to $21.3 million
- EBITDA turned positive from $8.6 million loss to earnings of $14.9 million
- Net Earnings (Loss) improved from ($18.0 million) to ($1.9 million)
- Cash costs fell 33% to $6.04 per oz of silver produced, net of by product gold credits
- Silver production increased 11% to 2.6 million oz
- Gold production rose 66% to 13,298 oz
- Silver and Equivalents production escalated 20% to 3.4 million oz
- Silver Proven and Probable reserves up 113% to 16.6 million oz
- Silver Indicated resources up 21% to 23.6 million oz
- Silver Inferred resource down 6% to 18.3 million oz
Highlights Fourth Quarter 2009 (Compared to Fourth Quarter 2008)
- Sales Revenues climbed 206% to $24.2 million
- Realized price averaged $17.95 and $1,108 for silver and gold, respectively
- Mine Operating Cash-flow jumped to $13.0 million from less than $1.0 million
- Net Earnings turned positive from $5.2 million loss to earnings of $3.1 million
- Cash costs fell 33% to $4.96 per oz of silver produced, net of by product gold credits
- Silver production increased 12% to 779,344 oz
- Gold production rose 90% to 4,591 oz
- Silver and Equivalents production escalated 26% to 1.1 million oz
Bradford Cooke, Chairman and CEO, commented, "We are gratified to report that Endeavour delivered another year of record financial and operating performance in 2009. Sales revenues were up for the fourth consecutive year thanks not only to our rising silver and gold production and higher precious metal prices, but also due to our metal sales strategy which beat the market average by 5%. Cash costs fell and profit margins rose for the second year in a row with EBITDA turning positive for the first time in Endeavour's five year operating history. Clearly, our capital expansion programs continue to bear fruit."
"The Company successfully opened two new mines during the year, one in each of our two operating districts, Guanacevi and Guanajuato, thereby facilitating the next phase of growth at both operations. New high grade silver-gold discoveries were made in both Guanacevi and Guanajuato, thereby confirming once again the prolific exploration potential of these two historic mining districts. New property acquisitions helped Endeavour's exploration performance in 2009 and should do so again this year."
"In 2010, management is forecasting Endeavour's sixth consecutive year of growing silver production, up another 20% to the 3.1 million oz range. Cash costs are expected to drop into the US$5.50 per oz range. Assuming a US$16 average silver price in 2009, Endeavour should generate in the order of US$31 million in mine operating cash-flow this year."
To view a video of Chairman Bradford Cooke and his commentary on these results, click here: http://www.edrsilver.com/i/video/pressreleases/2010-03-24.html.
Financial Results (Consolidated Statement of Operations appended below)
For the year ended December 31, 2009, the Company generated Sales Revenues totalling $50.8 million (2008 - $39.3 million) at an average sale price of $15.49 per oz (2008 - $14.51 per oz) on its silver production. After Costs of Sales of $29.5 million (2008 - $27.8 million), Mine Operating Cash-flows amounted to $21.3 million (2008 - $11.5 million) from its mining and milling operations in Mexico. After Depreciation and Depletion of $11.3 million (2007 - $8.4 million), Mine Operating Earnings were $10.0 million (2008 - $3.1 million) in 2009. Operating Earnings were break-even (2008 - $12.9 million loss) and the Company incurred a Net Loss for the year ended December 31, 2009 of $1.9 million (2008 - $18.0 million). Cash costs were $6.04 per oz silver produced (2008 - $9.03), net of gold by-product credits.
Endeavour invested US$18.0 million on capital projects in 2009, including US$12.3 million on mine development, US$1.4 million on plant improvements and US$4.3 million on equipment, vehicles and buildings. The main focus was on Guanacevi ($12.4 million) where over 4 km of mine development was completed, including the new Porvenir Dos mine, 50% advancement of the Santa Cruz access ramp, and the North Porvenir pump station, electrical substations and ventilation raise. At Guanajuato, capital expenditures ($4.7 million) focused on the development of the Lucero and Bolanitos mines, including over 2.7 km of mine development and installing a new cone crusher to increase by 20% the capacity of the plant.
Endeavour is well-positioned for both organic and acquisition growth in 2010, with year-end working capital of $38.8 million, including $26.7 million in cash and cash equivalents. Working capital and 2010 mine operating cash flows will be used to complete an aggressive 2010 capital program to push mine development ($16.0 million), expand the crushing circuit at Guanacevi to 1,200 tonne per day ($6.0 million) and upgrade our fleet of mining equipment ($7.0 million). The Company expects that 2010 will be the last year of major capital investments needed to run both operations at capacity.
Operating Results (Consolidated Table of Operations appended below)
In 2009, Endeavour achieved two important milestones in its silver mining operations: the Company recorded its fifth consecutive year of growing silver production, up 11% from 2008 to 2,572,534 payable ounces (oz) silver; and cash costs declined for the second consecutive year, down 33% to $6.04 in 2009.
Like 2008, silver production in 2009 was relatively flat in the first two quarters, as management focused primarily on the capital investment programs at the Guanacevi Mines in Durango State, and the Guanajuato Mines in Guanajuato State. As a result of completing the capital projects, consolidated silver production rose from approximately 573,000 oz in Q1, 2009 to approximately 779,000 oz in Q4, 2009. Consolidated cash operating costs of production fell from US$7.56 per oz silver in Q1, 2009 to US$4.96 per oz silver in Q4, 2009.
At Guanacevi, plant throughput increased from 570 tpd in Q1, 2009 to 770 tpd in Q4, 2009. Silver grades remained relatively constant in 2009, around 322 grams per tonne (gpt) silver, but gold grades increased significantly to 0.80 gpt gold compared to previous years. At Guanajuato, plant throughput rose 60% year over year to 492 tpd, operating on a 6 day work week, with Q4 throughput achieving 565 tpd as the plant benefitted from the new cone crusher. Ore grades increased to 187 gpt silver and 2.13 gpt gold in 2009.
Exploration Results
In 2009, Endeavour drilled approximately 18,000 meters in 61 drill holes, made two new high grade silver-gold discoveries and substantially increased the Company's reserves and resources. Please visit Endeavour's website or refer to the Company's March 3rd, 2010 press release for December 31, 2009 updated reserves and resources table and for more information on the 2009 exploration program and 2010 exploration outlook refer to the Company's January 26, 2010 press release.
2010 Outlook
In 2010, Endeavour expects to deliver its sixth consecutive year of silver production growth, up by about 20% to the 3.1 million oz range with approximately 15,000 oz gold as a by-product. Similar to 2009, the first two quarters of silver production are scheduled to be relatively flat, as we focus on mine development and capital programs. However, silver production is scheduled to increase in Q3 and Q4 as the new ore-bodies under development during the first half of the year enter into production in the second half. Cash costs should continue to decline to the $5.50 per oz range.
Management has planned one more year of major capital investments totalling $29 million in order to unfold the full production capacities at Guanacevi and Guanajuato. Thereafter, capital requirements at both mining operations should decline to sustaining levels. Upon completion of the 2010 capital expansion projects, the Guanacevi mines production is scheduled to reach 1,000 tonnes per day (tpd), and the Guanajuato mines production is scheduled to reach 600 tonnes per day (tpd). The final phase of organic growth currently planned for Guanacevi and Guanajuato should see the mine and plant capacities rise to 1,200 tonnes per day (tpd) at Guanacevi and 800 tonnes per day (tpd) at Guanajuato in 2011-2012.
In 2010, the Company will strive once again to replace reserves and expand resources at both mining operations. An aggressive 36,000 meter, 125-hole exploration drill program will be focused on following up on the new discoveries in both districts, testing several new prospective targets within these two districts, and exploring properties acquired in new districts.
EXK- earnings due out this morning! I will post them as soon as they are released.
EXK- looking really sweet! Earnings are tomorrow morning.
YMI- still looks like accumulation is going on.
KOPN- not much going on right now. They do have a very strong balance sheet. New contracts will send this higher. just a waiting game right now.
EXK- seems to be under the radar. I don't see any analysts covering this one and with them showing their 5th straight year of growth, this is bound to get some attention on Wednesday, imo.
EXK- This is from January stating the unaudited financial for 2009. If they look very similar to this then I believe EXK will see a nice jump. Also, hoping they give positive guidance for 2010.
Endeavour Silver Sets New Record for Mine Production in Q4, 2009, Silver Up 12% to 779,345 oz, Gold Up 90% to 4,591 oz
Delivers Fifth Consecutive Year of Production Growth in 2009, Silver Up 11% to 2.6 Million oz, Gold Up 66% to 13,298 oz
Press Release Source: Endeavour Silver Corp. On Wednesday January 13, 2010, 12:05 pm EST
VANCOUVER, BRITISH COLUMBIA--(Marketwire - 01/13/10) - Endeavour Silver Corp. (TSX:EDR - News)(TSX:EDR.WT - News)(AMEX:EXK - News)(DBFrankfurt: EJD) announces that the Company set a new record for silver production in Q4, 2009, up 12% quarter-on-quarter to 779,345 oz silver. Gold production also jumped to a new quarterly high, up 90% to 4,591 oz gold in Q4, 2009.
Endeavour delivered its fifth consecutive year of silver production growth in 2009, up 11% year-on-year to 2.6 million oz silver. In addition, gold production rose even more sharply, up 66% to 13,298 oz gold in 2009 compared to 2008. Using the current silver:gold ratio of 62:1 (base metals not included as equivalents), Endeavour produced 3.4 million oz silver equivalents in 2009, up 21% compared to 2008.
These new Company highs for silver and gold production can largely be attributed to the successful expansion programs at the Company's two operating silver mines in Mexico, the Guanacevi Mine in Durango State and the Guanajuato Mine in Guanajuato State. Substantial organic growth potential remains to be realized at the two mines in order to reach their +4 million oz per year capacity.
Endeavour also enjoyed its best-ever unaudited quarterly and annual financial results in 2009 since the commencement of mining operations in 2004. Although the annual audited financial statements will not be ready until late March, based on production and sales results to December 31, 2009, management provides the following estimates of financial results for fiscal 2009: sales revenues will exceed US$50 million, costs of sales are expected to be less than US$31 million, Q4 cash costs should come in below the US$5.20 per oz recorded in Q3 and average around US$6 per oz silver for 2009.
To view a video with Chairman and CEO Bradford Cooke's commentary on the 2009 production data, click here: http://www.edrsilver.com/i/media/2010-01-13_NRV.html
Bradford Cooke, Chairman and CEO, commented, "We are happy to announce that Endeavour delivered its fifth consecutive year of production growth in 2009. We also succeeded in driving our cash costs of silver production down to almost half of where they were 18 months ago. Our mine operations teams are to be congratulated for doing a great job in 2009, notwithstanding the difficult start to the year thanks to the global financial crisis and various operating issues that resulted in several days of lost production."
"Management is of the belief that the silver price will continue to appreciate in 2010 so we plan to continue accelerating our exploration drilling, mine development and plant refurbishment programs this year in order to ensure continued aggressive production growth. We expect to achieve our 6th consecutive year of organic production growth this year as well as growth through acquisitions in 2010."
Endeavour plans to release an overview of its 2009 exploration activities including new drilling results within the next two weeks; a more detailed review of its 2009 mining operations and 2010 production forecast in February; the annual update of NI 43-101 reserves and resources by early March; and the 2009 audited financial results and outlook will be released in late March, 2010.
Endeavour Silver Corp. is a small-cap silver mining company focused on the growth of its silver production, reserves and resources in Mexico. Since start-up in 2004, Endeavour has posted five consecutive years of growing silver production and resources. The organic expansion programs now underway at Endeavour's two operating silver mines in Mexico combined with its strategic acquisition program should help propel Endeavour to become the next premier mid-tier primary silver producer.
ENDEAVOUR SILVER CORP.
EXK- could be a good buy going into earnings which will be released this Wednesday before the open.
YMI- more buying on this today 205k buys vs 45k sells (delayed 15min). Seems like more accumulation today. This looks like it will break out as it appears to be over sold.
YMI- volume is still light but a lot of buys today as it has been the past few days. Next week is setting up to be a good week for YMI, imo. Needs some volume though and news wouldn't be a bad thing either...as long as it's not bad news.
KOPN- bought 1k shares today. Here are a few pieces from the CC a few weeks ago.
http://finance.yahoo.com/news/Kopin-Reports-Record-FullYear-bw-3372845120.html?x=0&.v=1
* Company Posts Full-Year Revenues of $114.7 Million
* Fourth-Quarter Revenues Increase 13% to $33 Million
* Fourth-Quarter Net Income Grows to $5.3 Million, $0.08 Per Share
* Kopin Exits Year with Cash and Marketable Securities of $114.5 Million and No Debt
Business Outlook
“Anchored by a strong balance sheet, manufacturing know-how and technology expertise, we are well positioned to generate sustained growth,” Dr. Fan said. “Innovation is an integral part of our history and strategy. While other companies have struggled during the economic downturn, we have capitalized on the opportunity by expanding our technology and product portfolios. We have continued to enhance our manufacturing capabilities and capacity, add new management and scientific talents, patent new technologies and develop the advanced new display systems and III-V structures that we believe will become growth engines for the Company in the coming years. Our near-term prospects are also bright. Based on the current business environment, we expect revenues of between $120 million and $130 million for 2010.”
KOPN- on extreme watch. I like the balance sheet for this company plus the growth that is expected this year. They have over $100 million in cash and $0 debt!
Hey now! Thanks for stopping by my board. I have created this board for a few different reasons: To share ideas about stocks that are undervalued and have great short term and long term value, to identify sectors that are about to be hot before they heat up, and most of all to have some fun while doing all this.
Please no pinksheet or OTCBB stocks on this board. Also, any person who participates on this board please do your own DD and invest at your own risk. Any stock posted here is not necessarily a recommendation but the opinion of the poster. PLEASE, research and make your own final decisions on whether the investment is right for you.
Current play(s):
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