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SRHIF: effective June 26,2020 Sprott Resource Hldgs Inc. will change to SRHI Inc.:
https://otce.finra.org/otce/dailyList?viewType=Symbol%2FName%20Changes
Time for some activity here....New Year. Tax loss selling is OVER
SRHIF one for 20 reverse split:
http://otce.finra.org/DLSymbolNameChanges
Sprott Resources: Just bought a long term position here, massive potential with this group at the helm.... do your due on Rick Rule, he has been hitting massive mining plays for over 20 years. I have met and talked with him and I like his approach and his knowledge of the mineral markets.
Let's see where this one goes in a couple of years, professionals are predicting over $1.00 within 12 months.
ANARF changed to SRHIF:
http://otce.finra.org/DLSymbolNameChanges
Adriana Resources Inc. changed to Sprott Resource Hldgs Inc.
http://otce.finra.org/DLSymbolNameChanges
As at November 5, 2014, Adriana had cash and cash equivalents of $36.8 million.
No end flagged for iron ore rally
January 8, 2013 - 3:44PM
http://www.brisbanetimes.com.au/business/mining-and-resources/no-end-flagged-for-iron-ore-rally-20130108-2cegb.html
2012 has been ugly for the share price...
Good for a 20% pop... nice resource!!!
Chinese appetite for ore still sharp
by: Matt Chambers
From:The Australian
June 08, 201212:00AM
Source: The Australian
http://www.theaustralian.com.au/business/mining-energy/chinese-appetite-for-ore-still-sharp/story-e6frg9dx-1226388107450
IRON ore shipments from the world's biggest bulk commodity export harbour, Port Hedland, hit a record last month as China kept buying iron ore from BHP Billiton, Fortescue Metals Group and Atlas Iron despite softening demand.
The figures, released by the port yesterday, back up claims from the companies that they are still selling all the iron ore they can produce amid a pull-back in iron ore prices, reports of Chinese mills deferring shipments and signals Australian expansions will be reined in.
It also rings true with comments from Fortescue chief Nev Power that his company would probably beat full-year guidance of 55 million tonnes.
Port Hedland exported 22.5 million tonnes of iron ore in May, up 8.7 per cent and valued at up to $US2.5 billion ($2.51bn) based on current spot prices.
BHP, the biggest exporter from the port, has been flagging delays to its planned $US20bn Outer Harbour expansion as it deals with lower cashflows after sliding commodities prices and $US20bn worth of shale gas acquisitions in the US.
.
. .
Fortescue, which is renowned for talking up stretch targets, has also said it would pause expansions after its current round.
But the expansions that are already committed are depending on Chinese demand continuing.
Fortescue claims it will add another 100 million tonnes a year of export capacity in the next year and BHP is already building another 70 million tonnes.
According to the Steel Index, iron ore prices slid from $US145 a tonne landed in China at the start of May to a low of $US129.90 on May 23, before recovering to finish the month at $US134.80.
ANZ commodities analyst Mark Pervan said a recent trip to China had shown that while confidence there was waning, the cost of sustaining Chinese iron ore mines was expected to put a floor on prices near current levels.
"There was agreement of a high floor price ($120-$130 a tonne) because of the high cost (swinging) of Chinese iron ore supply," Mr Pervan said. "That said, some believed that if Chinese steel prices continued to fall that iron ore would have to follow, which we would agree with in the very short term."
He said iron ore prices were expected to improve this year as Chinese stimulus measures showed up in data and activity.
The bank is forecasting iron ore will average $US152 a tonne at Chinese ports in 2012-13 before sliding to $US133 a tonne by 2014-15.
A survey by Bloomberg released yesterday forecast iron ore prices into China would rise to $US152 a tonne in the second half of this year. It pointed to the approval of new steel mills in China in recent weeks by Baosteel Group and Wuhan Iron & Steel, which were among $US23bn worth of recently approved new steel production.
Adriana Announces Completion of Mineral Resources Estimate
19 hours 8 minutes ago - Marketwire via Comtex
http://finance.yahoo.com/news/adriana-announces-completion-mineral-resources-215600565.html
Adriana Resources Inc. (TSX VENTURE: ADI) ("Adriana" or the "Company") is pleased to report the completion of an updated National Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI 43-101") Mineral Resource estimate ("the Estimate") using information from the most recent drilling program on its 40% owned Lac Otelnuk Project. The Estimate was completed by Watts, Griffis and McOuat Limited ("WGM"), Consulting Geologists and Engineers of Toronto, Canada, and resulted in 11.35 billion tonnes of Measured and Indicated Mineral Resources and an additional 12.39 billion tonnes of Inferred Mineral Resources based on a Davis Tube Weight Recovery ("DTWR") cutoff grade of 18%. The Measured and Indicated portion of the Mineral Resource extends over a strike length of 20 km. The Inferred portion of the deposit north and south of the Measured and Indicated Mineral Resource adds an additional strike length of 16 km to the deposit for a total strike length of 36 km. The update reflects an increase of 232% in Measured and Indicated and 794% in Inferred Mineral Resources from the previous estimate as noted in the Company's news release dated August 23, 2011.
The Total Iron (Head Fe analysis), DTWR and Satmagan results (Head magnetic Fe) are shown in the table below:
CATEGORIZED MINERAL RESOURCE ESTIMATE FOR
LAC OTELNUK PROJECT (CUTOFF OF 18% DTWR)
----------------------------------------------------------------------------
----------------------------------------------------------------------------
Magnetic
Tonnes TFe Head DTWR Fe
Resource Classification (in billions) % % %
----------------------------------------------------------------------------
----------------------------------------------------------------------------
Measured 5.51 29.2 26.8 18.4
Indicated 5.84 28.7 25.3 17.5
--------------------------------------------
--------------------------------------------
Total M&I 11.35 28.9 26.0 17.9
Inferred 12.39 30.4 26.0 17.8
----------------------------------------------------------------------------
----------------------------------------------------------------------------
Sluggish action of late...
Scoreboard for the week: -9.91%
And while we're on the subject, so much for the "Santa Claus Rally". I note that the PM markets have opened post holiday, and they have broken downward sharply.
In my bitter experience, yes, I agree to a great extent... typical patterns have been bent back against the grain to the point that bearish patterns break upward and bullish patterns break down... the great masked robbery - Level 3 only available to broker/dealers??? I could go on and on... you get my point!
Here's my thing. What with HFT trades, the naked shorting that has now been demonstrated on the part of the Bigs, and the other manipulative practices that go on, I don't personally think that charts or TA actually tell you anything of value. Not for the short term to mid-term anyway.
Yes, but the weekly candle before Christmas was quite bullish... and the daily was already in that consolidating mode... could be some positive action for awhile.
Been trading sideways in the same range since about July, give or take.
Holding strong in a sideways trading range.
A reversal underway???
Price is below all major averages and is probably where many consider now is the buy time.
Down for the week: -5.30%
So, this has been holding in a consolidation mode for a while. Does it continue upwards, or unravel when QE-II ends, like the rest of the market?
-11.54% is the scorecard for the week...
Reviewing the week: +0.00%... unchanged.
My friends, for the week: -5%
BOC... correcting now but that ride was nice!!!
PPS is running right along, but volumes seem awfully thin, at the moment. I'm in for a small position now and we'll see how things go from here.
Yup, I'm a fan. Iron producers and soon to be producers are on quite a run. With a solid share structure, and permitting in place in Brazil, they certainly are well positioned. That being said, what a great resource at Lac Otelnuk. Unlocking this with infrastructure and another potential port seems like a great project. I'm sitting on my hands, watching on this one.
Another 46% up so far this week!!!
The market continues to love Adriana... +46% last week!
Adriana(ADI) discussions with Wuhan Iron and Steel
Adriana Clarifies Reports
TORONTO, ONTARIO, Nov 19, 2010 (Marketwire via COMTEX) --
Adriana Resources Inc. ("Adriana" or "the Company") - (TSX VENTURE:ADI) wishes to clarify reports from media sources originating from China that the Company has entered into a preliminary agreement with Wuhan Iron and Steel for the development of the Lac Otelnuk project in northern Quebec. The Company has been in discussions with potential joint venture partners, however at this time the Company has not entered into a binding agreement for the development of the project. Discussions are continuing and should they result in a definitive agreement, the Company will make the appropriate disclosure.
Adriana will continue to focus on developing strategic relationships with third parties to advance our Lac Otelnuk Property located in the Labrador Trough, Nunavik, Quebec and to maximize the potential of the deep-sea port facility located in the state of Rio de Janeiro, Brazil.
ON BEHALF OF ADRIANA RESOURCES INC.
Allen J. Palmiere, President and CEO
http://www.steelads.com/info/largeststeel/TOP30-Worlds-Largest-Steel-Producers.html
Wuhan Iron & Steel Group (Wisco) :#7
Clearly, the market loved the news... +37% today
(ADI) Adriana Announces Closing of Final Tranche of $10 Million Non-Brokered Private Placement
Adriana Resources Inc.
TSX VENTURE: ADI
Nov 19, 2010 14:10 ET
Adriana Announces Closing of Final Tranche of $10 Million Non-Brokered Private Placement
TORONTO, ONTARIO--(Marketwire - Nov. 19, 2010) - Adriana Resources Inc. ("Adriana" or "the Company") - (TSX VENTURE:ADI) is pleased to announce that it has closed the third and final tranche of its previously announced non-brokered private placement of common shares of the Company ("Common Shares") ("the Private Placement") today by issuing 8,513,513 Common Shares at a price of $0.37 per Common Share for gross proceeds of $3,150,000. This brings the total gross proceeds received pursuant to the Private Placement to $10 million and the total number of Common Shares issued pursuant to the Private Placement to 27,027,024. In connection with the Private Placement, the Company will pay a finder's fee in the amount of $560,000.
All securities issued pursuant to the Private Placement will be subject to a four-month hold period from the date of the closing of the tranche pursuant to which they were issued.
Adriana will continue to focus on developing strategic relationships with third parties to advance our Lac Otelnuk Property located in the Labrador Trough, Nunavik, Québec and to maximize the potential of the deep-sea port facility located in the state of Rio de Janeiro, Brazil.
[color=red][/color]
A breakout week for sure!!! Finally.
Yep, a mini uptrend has been established.
Some life coming back???
The correction here is deep...
May 07, 2010 Adriana Announces Closing of $4.0 Million Private Placement of Units and Flow-Through Shares
http://www.adrianaresources.com/s/NewsReleases.asp?ReportID=398685
April 12, 2010 Adriana Announces $4.0 Million Private Placement of Units and Flow Through Shares
http://www.adrianaresources.com/s/NewsReleases.asp?ReportID=394513
All of it meant nothing apparently...
That was quite the hammer candle on Friday... that and the big volume that came on February 1 makes me wonder what nice surprise is in store...
2009 was very good for Adriana...
Negatively viewed news always trumps all...
First - November 24, 2009
Adriana Announces Management and Board Changes
http://www.adrianaresources.com/s/NewsReleases.asp?ReportID=373708
--------------------------------------------------------------------------------
Adriana Resources Inc. ("Adriana" or the "Company") - (TSX-V: ADI) ("Adriana" or the "Company") (ADI) announces that Michael Beley, the Company's Chairman of the Board, and Richard Barclay, the Company's Chief Financial Officer and also a director of the Company, have resigned effective immediately.
Second - November 27, 2009
Adriana Announces Update on Port Project and its Iron Ore Project in Quebec
--------------------------------------------------------------------------------
Adriana Resources Inc. ("Adriana" or the "Company") - (TSX-V: ADI) announces that it has received a notice from ArcelorMittal ("Arcelor") terminating the memorandum of understanding with the Company relating to Arcelor's participation in Adriana's iron ore port facility development project located in Sepetiba Bay, approximately 70 kilometers west of Rio de Janeiro in the State of Rio de Janeiro, Brazil. The Company recently announced that it has submitted a new permit application for a deep sea terminal port with a capacity of 45 billion tonnes per year. Adriana will continue to develop strategic working relationships with parties to maximize the potential of the deep sea terminal port.
I am left to wonder if the first had everything to do with the second... one thing is certain - THE MARKET HATED THE DOUBLE WHAMMY AND THE LONGS WILL BE HURTING, ABSOLUTELY NO DOUBT!!! Down +20% on the highest volume in months is sure to hurt alot more before getting better -
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The Company's vision is to become a fully integrated iron ore producer through continued development of its iron ore port facility in Brazil, through acquisition of iron ore mineral resources in Brazil, and the advancement of its iron ore projects in Québec, Canada.
- Create strategic relationships in all degrees of the mine operation cycle, from production requirements to product delivery mechanisms, that will create increased efficiencies and cost savings.
- Strategically position the company in countries with a mining friendly climate, available skilled workforce and a progressive and developed infrastructure program.
- Advance late-stage projects to production. Build shareholder wealth through the sustainable development of these projects, continued growth of their mineable reserves, and development of a strong financial profile through sustained free cash flow.
- Acquire key exploration projects with excellent discovery potential. Focus on identifying other advanced projects that match our corporate growth objective of building a well balanced mineral asset base that is strategically diversified globally.
- Foster the growth and success of the communities where we operate, become leaders in environmental and social responsibility, and strive for the safety within a rewarding workplace.
- Attract and retain the best management and front line team that together will build the foundation for long term success through entrepreneurial spirit, integrity, communication, passion, trust and hard work.
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