Tax Loss Candidates - Mostly Canadian

[Ed Monton]

POE

[Sultan]

Right.. But seems to have problem crossing it definitively.. I think by next quarter, it should if they continue to show tangible progress..

However, I am disappointed with slow incremental inch by inch crawl.. But will wait it out since % wise it would show good year-to-date gains..

[johnlw]

Sultan
Your ZL is coming to life
Touching the magic dollar mark this week

[johnlw]

JNN showing a little life today.
Man did I blow this one, both on purchase price and riding it down.

[johnlw]

GROAN

[Sultan]

Still early but the new BOD and management has not said much.. in the meantime there have been a downgrade but as far as I am concerned all the problems are known so I am willing to wait and see.. I did add more around 4..

I have of course many other names but I am looking to ATA.TO AMA.V and NTB.V as few names that will provide above market returns next 18 months..

FWIW..

[johnlw]

Nice post Xmas move on ATA Sultan.
Unfortunately I never got around to looking at it.

[johnlw]

JNR Resources talks about Topsail 2008 plans

2007-12-20 08:55 MT - News Release

Mr. Rick Kusmirski reports

JNR UPDATES PROGRESS ON NEWFOUNDLAND URANIUM PROJECTS

JNR Resources Inc. is releasing an update on its Newfoundland uranium joint ventures with partner Altius Minerals Corp.

The companies have approved in principle a 2008 exploration program budgeted at $1.7-million for the jointly held Topsails uranium project. The Topsails project is a 50-50 alliance that was established in the fall of 2007 to explore for volcanic-hosted uranium deposits in a defined area of central Newfoundland. It was acquired by staking 10,584 claims covering some 264,600 hectares. Recently, an additional 65 claims (1,625 hectares) were staked in an area of anomalous uranium in soils and added to the project lands.

Prior to acquiring the ground, field investigations confirmed the prospective geological setting. JNR's director of exploration, Dr. Irvine R. Annesley, comments, "Geologically, the Topsails property exhibits a number of similarities to the Streltsovka caldera, Russia's largest resource of uranium, and the McDermitt caldera in the western United States." Furthermore, a review of the limited reconnaissance work carried out previously at Topsails indicates significant radiometric anomalies associated with the volcanic rocks.

The 2008 program will be initiated early in the new year and consists of lake sediment sampling, a detailed airborne radiometric and magnetic survey, and an extensive prospecting campaign in areas identified as being anomalous.

The company is also pleased to announce that the fall diamond drilling and trenching program on the Rocky Brook property has recently been completed. JNR is earning a 70-per-cent interest in the project from Altius. The property features three distinct areas of unsourced, altered and mineralized sandstone boulders with reported values ranging from 1 per cent to more than 10 per cent U3O8, as well as very high-grade silver contents.

The fall drilling program consisted of 82 holes totalling 2,482 metres. Four areas were targeted, with focus on the Birchy Hill Brook and Wigwam Brook boulder anomalies. Prior drilling at Birchy Hill Brook identified radioactive zones associated with hematized sandstone and mudstone units. In the Wigwam Brook area, the results to date indicate a complex stratigraphic/structural control to the mineralization accompanied by geochemical enrichment. A trenching program in the Wigwam Brook area was also completed.

All core and trench samples have been sent to the Saskatchewan Research Council Laboratory in Saskatoon for analysis. The results will be released once all of the pertinent data is fully evaluated.

JNR's vice-president of exploration, David L. Billard, PGeo, is the qualified person responsible for the technical data presented in this release. All technical information for the company's exploration projects is obtained and reported under a formal quality assurance and quality control program, details of which are presented on the company's website. A glossary of the technical terms included in this release can be found on the company's website.

[johnlw]

NO doubts here.........today
To the moon baby...or at least 70 cents

[johnlw]

Looks like I got in a week early.
Stare at it for a while and the chart has definitely turned...sort of.

lol

[Tackler]

ya I have been sprinkling a few shares in my accounts

[johnlw]

TIC TOC...........

JNR Resources Inc (C-JNN) - News Release

JNR budgets $3-million for 2008 winter drilling

2007-12-19 08:39 MT - News Release
Shares issued 81,892,509
JNN Close 2007-12-18 C$ 1.86

Mr. Rick Kusmirski reports

JNR ANNOUNCES DRILLING PROGRAMS FOR 2008

JNR Resources Inc. has provided the following update on its 100-per-cent-owned uranium projects located in the Athabasca basin of Northern Saskatchewan.

The 2008 winter exploration program will be drill intensive. The company has budgeted $3-million to carry out 15,000 metres of diamond drilling on the Way Lake, Yurchison Lake, Black Lake and Newnham Lake projects. The permitting process is well under way, with drilling expected to begin early in the new year. Total meterage allocation to each project will be results driven.

At Way Lake the program will target the original Hook Lake showing, as well as radioactive showings discovered during the 2007 summer prospecting program and about 60 kilometres of virtually untested EM (electromagnetic) conductors interpreted over the past two years from airborne and ground geophysical surveys.

Targets at Yurchison Lake include a number of EM conductors identified by an airborne VTEM survey and several surface showings identified by the 2006 summer exploration program.

Drilling at Black Lake will target EM conductors identified over the past three years that are associated with a minimum 40-kilometre-long fault zone, which represents the northern strike extension of the mineralized Virgin River shear (Centennial zone).

At Newnham Lake the program will target a number of conductive and structural trends associated with metasedimentary rocks and radioactive granitic pegmatites, in an area characterized by a large number of surficial geochemical anomalies in lake sediments, peat and soils.

To facilitate the drilling program, the company recently purchased two Heliportable diamond drills (Reference: Oct. 30, 2007, news release in Stockwatch) and entered into an agreement with Dynamic Drilling Inc. of Saskatoon to operate the drills and provide the crews. Recent correspondence with all the concerned parties indicates that the drills should be on site by year-end.

The company is still awaiting analytical results from the summer diamond drilling, prospecting and till sampling programs completed this year on the Way Lake and Yurchison Lake projects. The Saskatchewan Research Council Laboratory (SRC) is currently experiencing a 12- to 15-week backlog.

The company has also recently completed a high-resolution gradient magnetic survey over its Crackingstone project and is in the process of flying the same over Black Lake and Newnham Lake. The results of this survey will be used to better define drill targets.

JNR's vice-president of exploration, David L. Billard, PGeo, is the qualified person responsible for the technical data presented in this release.

[KastelCo]

Well from my watchlist http://spots.kicks-ass.org/charts.htm

[Sultan]

lol.. indeed.. December is definitely the month for that at different levels.. spiritual or material..

As for why November sells off, both companies have their issues and they missed their numbers.. Following is why I still own these and won't be selling here but add if I could..

ATA - sum of the parts is more valuable then where the company is trading.. Goodwood Funds own a chunk of them and on their website you will find why.. Company earlier in the year did a rights offering at about 6.20 which went to their Solar division that will be spun off.. They also own 1.8m share of CSIQ (nasdaq).. old CEO and CFO left when Goodwood BOD was elected.. They are on restructuring mode and new CEO has already been appointed.. New CEO bought around 50-60k shares at around 4.50 on the day of the appointment etc.. check stockhouse.ca ATA thread for the presentation link if you can't find them on Goodwood funds..

ZL - insiders are required to buy by their corporate policies and they have bought some shares from 2.50 all the way to around these prices.. No question they have to get their cost and revenue in line.. ZL also trades on NY and since it is under 1 for a while, chances are they will have to do something about it so that will weigh on the stock over and above the losses.. Finally they have been taken off some Toronto index apparently as of Dec. 24 so that might also affect the price..

Hopefully this should be enough to for your to do some more DD.. These can go up 100% and still be way under comparative companies.. question is of course the management can restructure to do that if the economy weakens more in 2008..

Best of luck..

[johnlw]

CSH.un

From RBC:

Chartwell Seniors Housing REIT (CSH.UN) – Now In Value Territory - Increasing Rating To "Outperform"
Outperform, Above Average Risk, Price Target $13.00
RBC Capital Markets is adjusting its rating to Outperform on Chartwell units given the total return potential of 37% to the revised
12-month target of $13.00. Chartwell's units have been in a declining trend for most of the year. The valuation achieved earlier
in the year was clearly the product of takeover speculation. However, the current unit price has been excessively depressed.
The situation likely exists due to considerable year-end tax loss selling as the units are now at their lowest price in 4 years and.
Chartwell is currently over-distributing, as the current distribution of $1.07 represents a payout ratio of 124% to the 2008E AFFO
of $0.86 at RC Capital Markets. However, a cash position of $118MM and a debt to gross book value of 54% suggests that
Chartwell possesses ample financial flexibility such that a distribution cut is not imminent. As North America's 3rd largest seniors
housing owner/manager with $2.6B of assets, Chartwell has critical mass and scale and the Analyst believes there are a
number of levers the REIT can pull in order to increase its ROE and enhance distribution coverage.

[johnlw]

Just reread my CHX post.
I am wondering why I bought them again now..........

[johnlw]

CHX

One more from me.
Another U play this one in the Yukon.
They had $17M to spend this year and there has been basically no news out about the program. They were very promotional for a while and news has just dried up.
Disturbing piece about them not paying some geologists bills last week. Dunno what that is about, I can't see them being broke.
I have followed this one for years and did well with them.
I know U plays are so yesterday but these guys are really beaten up. I thought they were quality at one time but doesn't look to be the case now.
Disclosure
I bought some at 50 cents thinking the bottom was in....added more at .26 yesterday. Still have a few freebies from way back when.

[johnlw]

Thx Sultan
Was there anything catastrophic that caused the November sell off with them?
I don't follow tech at all....

It would be nice to see this thread perk up this weekend. Might be cathartic for people to post a few losers.
lol

[johnlw]

JNN

One of the premier jrs operating in the Athabasca Basin, UEX being the big dog.
JV with DML on some claims. I don't know if DML has any money to buy them out or not. Possible scenario.

The Moore Lake project is the one that has been getting all the headlines and has delivered big numbers 3 years in a row if memory serves correct. They have been at it for almost 10 years on this property and gotta be getting close to an NI43-101 on it. Drill results from summer's program, consisting of 38 holes comprising 14,317 metres, usually start showing up in late Jan/Feb.

The Way Lake project is 100% owned and is the wild card I think. Get a couple metres of 5-10% U look out. 14 diamond drill holes totalling 2,467 metres was the 2007 program and will continue with more drilling in early '08.
High grade uranium mineralization was obtained from outcrop sampling of a previously identified massive pitchblende vein, referred herein as the Hook Lake showing. Two grab samples collected from the vein returned 40.1% and 48% U O , while a soil sample overlying the vein assayed 27.8% U O .

Lots of other projects in Sask
They have a jv with Altius in Nfld too fwiw.
MD&A worth a read if interested
They seem to have a nice steady news flow in the winter.
Disclosure:
I loaded the truck this week.

[johnlw]

ACN
A two year chart gives a better technical perspective of this play imo.
Whether or not the market will agree with management's assessment of things remains to be seen:
The continued operational success being experienced by the company validates management's commitment to core area focus and consolidation. The benefits of a large land accumulation strategy, accompanied by substantial preinvestment in what is now a significant infrastructure network, will provide the company with a solid base for future profitable growth. Management expects that despite the negative factors currently facing the junior oil industry, this long-term strategy and the results it will produce will eventually be recognized in the market.
Disclosure:
I am in and need a double to get out of jail. I fell in love with those multi hundred barrel/day light crude wells at Sylvan Lake.
There is a whole slough of jr. oil & gas companies with similar charts. Whether they bounce in Jan/Feb. or not is the question eh?

[johnlw]

Tax-loss selling can be worthwhile

Kevin Johnston
The Leader-Post

Saturday, December 15, 2007

On Tuesday, the U.S. Federal Reserve Open Market Committee cut interest rates by a quarter of a per cent.

Investors punished the Fed by sending the TSX down 216 points and the Dow Jones down 294 points.

Clearly, the market rendered its verdict and gave the Fed's modest rate cut a big thumbs down.

The Fed cut its key fund rate to 4.25 per cent and trimmed a quarter point off its discount rate, which it charges for direct loans to banks, to 4.75 per cent.

Many market participants were calling for a 50-basis-point cut to both the Fed funds rate and the discount rate.

Given the recent volatility in the market, it is now a good time to look at your portfolios for "tax loss" opportunities.

With the issues in the credit markets and the weakness in the U.S housing markets, investors may find more opportunities to crystallize losses than in the past few years.

Tax-loss selling can be defined as selling a portion with, or without, the intention of buying it back after 30 calendar days to create a capital loss that may be used to offset taxable capital gains in the following ways.

Investors may carry back losses to one of three previous years to offset any capital gains in those years and recover some of the capital gain tax they have previously paid.

Investors may also carry forward losses indefinitely to offset capital gains generated in the future.

Investors should look at positions where the fundamental outlook for the company and its relative return potential have declined or remain unattractive.

Where the outlook is positive, investors can repurchase the security after the requisite 30-day restriction period.

Tax-loss selling is also able to give an investor the opportunity to rebalance a portfolio or switch from one industry group or asset class to another.

The final day to realize a Canadian loss on a security is Dec. 24.

For a U.S position, it is Dec. 26 this year.

In Canada, the top 10 worst-performing stocks in order are:

Quebecor World

Mega Brands Inc.

Cinram International Income Fund

Gabriel Resources Ltd.

Neurochem Inc.

First Calgary Petroleums Ltd.

Cott Corporation

Gammon Gold Inc

Angiotech Pharmaceuticals Inc.

ATS Automation Tooling Systems Inc.

- Kevin Johnston is branch manager and associate director of ScotiaMcLeod in Regina. The author is an employee of ScotiaMcLeod, but the views expressed are his own.

[Sultan]

Good to see the thread comes alive every year.. I have two candidates .. Have positions from much higher prices but these stocks have not been this low in years..

ATA.TO - ATS Automation
ZL.TO - Zarlink

ZL also trades on NYSE..

[Ed Monton]

Every dog has its day.

[mazengah_islander]

Moriarty - Opportunities in Tax-Loss Selling

http://www.321gold.com/editorials/moriarty/moriarty120307.html

Opportunities in Tax-Loss Selling
Bob Moriarty
Archives
Dec 3, 2007

The slow motion crash of the world's financial system continues. Last week we had our first "Bank Run" in 75 years with the collapse of Florida's Local Government Investment Pool. One more major bank failure and I suspect we will start having a fully-fledged "Run" on all the banks. Why not? The vast majority are bankrupt right now and only being supported by hot air.

In a depression, no real assets are created. And none disappear. They just change hands. Paper assets, of course, disappear into the vapor, overnight. That's what's been happening since Bear Sterns crapped out in late June. Look for an ever-increasing swarm of bad news until everyone wakes up. You, at least, have been warned for the last six months.

Shares in mining companies are representative portions of real companies with real assets. If you own 1% of a mining company, you will continue to own 1% of that company no matter how low the American Peso goes or how high gold goes. But every year at about this time, there is a short-term opportunity in the shares of companies that for one reason or another are trading at yearly lows.

Many investors will clear out the trash now and again (to take the tax-loss this year) in the hopes of finding more fertile ground to invest in. Their loss may be your gain because it's typical that investors like to throw out the garbage in the middle of December. I'm going to cover a number of shares in this position and give a short rundown on what I think of them. These are neither the best, nor the only. There are probably about 3,000 juniors out there right now. No one knows them all. These are companies I follow and I know. Some I own, many I do not.

These stocks are beat up for a variety of reasons, some reasonable, some not. But the ones I like should recover somewhat in January as tax loss selling abates.

1. NovaGold Resources (NG) and Teck Cominco announced last week construction postponement of the giant Galore Creek copper/gold mine in Northern BC. NovaGold promptly took a 50% haircut, diving from near $20 to a new two-year low of $8.59 in two days. Project costs were estimated to soar to $5 billion from $2.2 billion.

Novagold says, and I agree, that it doesn't make sense to put the project into care and maintenance. Instead, NovaGold CEO Rick Van Nieuwenhuyse suggests that if he had his way, they would continue development for infrastructure.

Galore Creek is a monster project located above a glacier and requires a $100 million dollar road for access. 50% of the road and 20% of a massive tunnel, also part of the project, have been completed. Galore Creek is not a marginal project, the grade and tonnage is exceptional. It's expensive because resources are going up and that's not a good reason to stop. That's a good reason to continue.

The world needs the copper and gold from Galore Creek. Halting the projects makes every other producing copper/gold mine more valuable as well as near term production stories. Galore Creek is large enough that its production would have affected world prices for copper.

I have followed the company since the shares were $.55 apiece and yonks ago I said, "Writers find many words to describe mining companies. Vision usually isn't one of them. We just don't think of using vision and mining in the same sentence, they don't match up normally. But I found a company recently, a gold mining company, with vision."

Nothing has changed in over six years. NovaGold still has vision and the best management in any junior, period. Now you can buy that vision at a 50% discount. That's a good deal. They aren't going to double next week but unlike horseracing, in mining you always bet on the rider, not the horse. NovaGold is a long-term call on great management, copper and gold.

2. Copper Canyon Resources (CPY) took a similar haircut from $1.25 to $.35 on the same news. I went to visit the Copper Canyon project with Tim Termuende two or three years ago. It seems to me the shares of Eagle Plains were about $.70 and the price did nothing in years. Tim wanted to know how to build shareholder value and I told him to spin off Copper Canyon. He did and the value doubled in short order.

NovaGold owns 60% of the Copper Canyon deposit containing over a billion pounds of copper, 37 million ounces of silver and 2.8 million ounces of gold. They have an option on another 20% of the project so while it may look as if CPY controls $5.5 billion in metal in the ground, actually they only control about $1.1 billion. But that should be worth $20-$50 million and as of Friday, CPY had a market cap of about $17 million.

It's a valuable resource and it may make more sense for NovaGold to simply buy Copper Canyon so they can own 100% of the project. In any case, it's another long-term call on copper, gold and silver.

3. Eagle Plains (EPL) has been drifting down from $1.25 since the financial crisis poked up its head in July. The Galore Creek announcement scared investors. They promptly drove the stock to a new yearly low. The company has 35 projects, is cashed up and has excellent management. It's a perfect tax-loss purchase at this time of year.

4. Acadian Mining (ADA) I wrote about the company four months ago and the shares were $1.11. As a result of tax loss selling, the shares went for a new yearly low of $.78 last week before recovering to $.88.

Acadian owns a lead/zinc mine in Nova Scotia that is just now going back into production. They anticipate something like $30-$60 million in cash flow in the current fiscal year. This is like stealing candy from a baby. Acadian has excellent management and good cash flow. While I think the base metals will decline over an 18 month period, when the market wakes up to what Acadian already has, the shares are going a lot higher. If you see them hit new lows in the next two weeks, buy a cheap call on lead and zinc.

5. Arian Silver (AGQ) doesn't fit all the requirements of a tax-loss candidate but they could easily drift down to new yearly lows in the next two weeks. Given the excellent drill results and solid management, I think you could see a $2 stock in the next year. At these prices, the company is a steal. It's a Mexican play that I happen to really like and is a long-term call on gold and silver.

6. Great Panther Resources (GPR) I had the honor of being the first 'letter writer' to have a chance to visit GPR's Guanajuato Mines property when Bob Archer first picked it up a couple of years ago. Stole it is more like it. Great company, great management, cashed up and has operating silver mines and mills in resource-friendly Mexico. This is a permanent call on silver. Any time you can buy them near their yearly lows, it's like stealing.

7. Running Fox (RUN) had a major German fund run into problems in August who had to unload 1.5 million shares. Nothing at all has changed with the company and the price was cut more than 60% from $1.30 to a new low of $.48. This is another long term call but on energy. The company hasn't quite figured out which direction they want to go but have a whole handful of interesting prospects. The company is making a real profit from the gas project and from their oil-field services company. It's an easy call. The stock will be higher a month from now.

8. Olympus Pacific Minerals (OYM) has a gold mine and mill in operation in Vietnam, a whole handful of blue sky potential and has lost 60% of its value because investors don't get it. You can and should. It's cheap and will be higher soon.

I wrote about Olympus Pacific and their sister SEA gold company, Zedex, last July. Nothing has changed except the price of gold has gone up a lot and they are fully cashed up and ready to take advantage of it. The stock is down because the stock is down, it will go higher.

9. International Tower Hill (ITH) hit a new all time low twice last week based on nothing more than tax-loss selling. The company has one of the best stables of solid projects in Alaska and top-notch management. If the price of the shares comes near a new low again, snap up the shares.

10. Palladon Ventures (PLL) may be the single best example of buying shares for no other reason than they are cheap during tax-selling season. I wrote about Palladon in 2005. The shares were selling for about $.43 a share. They rocketed up to $1.28 in anticipation of the company going into iron production quickly. Palladon owns half of one of the most significant strategic iron mines in the western USA.

I'd like to word this gracefully; the best I can say is that the prior management of the company deceived me and everyone else about the status of the project for many months. I was told in May of 2005 that it would be shipping ore in July of 2005. I couldn't for a moment figure out how. They didn't have any production facilities but that's what I was told. Now, three years later, the same deceptive manager is still a director. Only God knows why, it's beyond the comprehension of us mere mortals.

I talk to the company every six months and for three years now all I am told is that they are on the verge of doing something that will get the mine into production. Who knows? Maybe someday lightning will strike and it will happen. It's a great deposit and iron keeps going up.

But at this time of the year, you should ignore deceptive management, you should ignore major projects being shuttered, you should ignore everything but price. I casually follow Palladon. On Friday I saw it hit $.14, down from a yearly high of $.46 and I put in a stink bid for 100,000 shares. And I got it. I put in another order for 100,000 shares at $.13 and got it. By the end of the day - Palladon closed at $.19 - I was up 40%. In one day.

Don't buy the shares at $.19. But if they come down to a new low, load up the truck. The stock is either going to go to $2 or to $.02 and I can't really predict which. But if one in five investments made at $.135 goes to $2, you are still ahead even if all the rest go to zero.

There are many many other companies in the same boat; I'm just giving you a sample. Do some work on your own, find some companies you like, selling at or near yearly lows, and pick up some cheap lottery tickets over the next couple of weeks. I said a month ago we were going to have a correction in gold and silver. It hit with a vengeance. Gold and silver shares are about to explode. The correction is pretty much over and it's buying time.

Acadian Mining
ADA-T $.88 Canadian (Nov 30)
139 million shares outstanding
Acadian website

Arian Silver Corp
AGQ-V $.40 Canadian (Nov 30)
105.3 million shares outstanding
Arian Silver website

Copper Canyon Resources
CPY-V $.35 Canadian (Nov 30)
48.5 million shares outstanding
Copper Canyon website

Eagle Plains Resources
EPL-V $.54 Canadian (Nov 30)
54.5 million shares outstanding
Eagle Plains website

Great Panther Resources
GPR-V $1.20 Canadian (Nov 30)
73.2 million shares outstanding
Great Panther website

International Tower Hill
ITH-V $1.75 Canadian (Nov 30)
38.2 million shares outstanding
Intl Tower Hill website

NovaGold Resources
NG-T $9.72 Canadian (Nov 30)
105 million shares outstanding
NovaGold website

Olympus Pacific Minerals
OYM-T $.48 Canadian (Nov 30)
232 million shares outstanding
Olympus website

Running Fox Resources
RUN-V $.49 Canadian (Nov 30)
38.1 million shares outstanding
Running Fox website

Palladon Ventures
PLL-V $.19 Canadian (Nov 30)
76.4 million shares outstanding
Palladon website



###

Bob Moriarty
President: 321gold
Archives

[johnlw]

I thought SYM was a candidate last year.......what about now?
Or is it just garbage?
AOS is shaping up that way.

[johnlw]

Is it going to go again this year?

[johnlw]

ADS
Bounced
In and now out

[johnlw]

SYN
No bounce
Took a position at $11 last week

[johnlw]

LFD
No bounce
Still long

[johnlw]

RIX
No bounce, still leaking
Still in

[johnlw]

SUR
No bounce
No position

[johnlw]

CMK
Good bounce
No position

[johnlw]

SPI
No bounce
Still in

[johnlw]

UVN
Had a bounce
In and out

[Ed Monton]

I sure hope so. I am loaded with this one. Should be worth a lot more just based on Mt Kare.

[johnlw]

re MMR
What do you think now Ed?
Time for it to go?

[johnlw]

End of experiment

[johnlw]

In for a 2k taste

[Tackler]

POP!

[johnlw]

re CMK

So much for my A/D trend analysis.

[thedonald]

Picked up some SDM at .31, my vote for most likely to succeed.

[Ed Monton]

Here is one that will bounce in the New Year

[Tackler]

Javelin drills and cases second Clear Prairie well

2006-12-21 05:25 ET - News Release

Mr. Peter Aubrecht reports

JAVELIN ENERGY INC.: ANNOUNCES UPDATE ON ITS WINTER DRILLING PROGRAM-SECOND WELL DRILLING AND COMMENCEMENT OF COMPLETION OPERATIONS ON FIRST WELL

Javelin Energy Inc. has successfully drilled and cased a second well on its Clear Prairie property located at 10-14-91-12 W6M. The 10-14 well was drilled to a total depth of 1,337 metres and encountered five zones with well-log-indicated hydrocarbons.

The corporation has also commenced completion operations on its previously announced Clear Prairie well located at 102/15-11-91-12 W6M. The 102/15-11 well encountered six zones with well-log-indicated hydrocarbons.

Javelin will be suspending operations in Clear Prairie from Dec. 21 to Dec. 27 for the Christmas holidays.

[johnlw]

Tackler
Brace yourself
Biotech.....in China

Adaltis is an international in vitro diagnostic company that develops,
manufactures and markets diagnostic systems. It aims to leverage its
experience in Europe to become a leading provider of in vitro diagnostic
products in emerging markets, with a particular focus on China.
With the assistance of its two strategic shareholders, CITIC Pacific
Limited (a large Hong Kong-based conglomerate) and Picchio Pharma Inc. (a
joint venture healthcare investment firm owned by FMRC Family Trust (a trust
of which Dr. Francesco Bellini is a beneficiary), and Power Technology
Investment Corporation, a subsidiary of Power Corporation of Canada), Adaltis
has completed building its manufacturing facility in Shanghai. Now
operational, the production facility will manufacture high-quality products in
a low-cost GMP environment, in order to service existing markets in Europe,
while providing a platform to penetrate the high-growth Chinese in vitro
diagnostic market.
Adaltis is headquartered in Montreal, with offices in China, Hong Kong,
Italy, Germany and Mexico.

[johnlw]

Let me see if I can get a better chart up.......



Not sure what I am doing wrong sometimes

[Tackler]

nice one John CIBC wanted in today

[Tackler]

The barge outfit, ya played it after it IPO'd before it popped in January if my memory serves.
I know people who got in on pp before ipo but have never traded - ouch.

[Tackler]

Its just one I glance at because I made a few bucks on it once and I am going to Vietnam
When I saw the chart south I posted it here
I think your right nothing to indicate accumulation
Thanks for the dd

[johnlw]

From the MD&A:
29M shares out
$2M in the bank
Spent $2M last year
Ops brought in $1/2 M first 9 months

Not like you to look at something with earnings. I think the VN connection is blinding you to a certain degree.

Doesn't sound like they are having overwhelming success with their CBM and shallow gas holes.

As good as any of 'em I guess?
A lot of the jr's have similar charts.
All depends on the ng eh?

[johnlw]

SYN

I never had a good feel for this one.
You played it didn't you T?