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This company is undervalued and has huge upside potential.
be nice :)
ya unlike them we control our own destiny lol
the whining is started already
Spoken like a true fert millionaire :)
Myself now could careless
Hang on let me look...
yup, the oil and gas is still there and eventually it will be drilled with the royalty if not by me then by my kids :)
Te market cap of one top ten tech or bio would do it.
You in favor of government subsidies now?
i was almost afraid to click on that lol - maybe i know you to well?
turns out i had seen it before
wild stuff if real illusion (like if i was there)
Terry, I have been thinking on this theme ever since the Tibet riots.
No answers yet, just if the Han get hungry lookout.
Snagged a few more eod, lets see what Friday brings.
Nice bottom!
Hmm, news tomorrow? Dinner is on RAY tonight.
Troy Resources CEO presentation http://www.brr.com.au/event/44511
Need to update the board chart, I think it below what I sold for
Ya and the news today they attracted some impressive expertise...
http://investorshub.advfn.com/boards/read_msg.asp?message_id=28319962
Chart http://investorshub.advfn.com/boards/read_msg.asp?message_id=28320059
thats the plan, insiders taking all the pp, options, usual stuff, get the latex on and have fun...
The company has also arranged a non-brokered private placement, subject to regulatory approval, of up to 15 million units of the company at a price of 10 cents per unit. Each unit will consist of one common share in the capital of the company and one share purchase warrant, each warrant entitling the holder to purchase a common share at a per share price of 18 cents for two years from the date of closing of the financing. All securities issued will be subject to a four-month hold period from the date of issuance. The proceeds from the private placement will be used, in part, to make the first payment for the property and for general corporate purposes.
In addition, Avalanche has granted a total of 2.4 million incentive stock options pursuant to its option plan to its directors, officers and employees. The options are exercisable at price of 12 cents until April 3, 2013.
Avalanche will, subject to exchange and shareholder approval, implement a share consolidation on the basis of one new share for four old shares. In conjunction with the share consolidation, Avalanche will seek shareholder approval to change its name. Avalanche expects to call a special meeting of its shareholders on or about June 5, 2008, to obtain shareholder approval for the consolidation and name change.
POZ is rolling!!!!!!!!!
AVH ...
Avalanche names Barron as adviser, grants option
2008-04-08 08:57 MT - News Release
Mr. Sandy MacDougall reports
AVALANCHE MINERALS ANNOUNCES APPOINTMENT OF ADVISOR
Dr. Keith Barron, co-founder of Aurelian Resources Inc. and recipient of the PDAC International Discovery Award, has entered into a consulting agreement for advisory services with Avalanche Minerals Ltd. Dr. Barron has worked in mineral exploration for more than 25 years, for a wide variety of commodities and on all the continents except Antarctica. He has consulted for both junior and senior companies, as well as investment houses, with an expertise in epithermal gold deposits. He has previously worked for Gold Fields Mining, Battle Mountain Mining and Santa Fe Pacific Gold. Dr. Barron is co-founder of Aurelian Resources and founder of U3O8 Corp. He holds a PhD in geology from the University of Western Ontario and has written numerous scholarly works, as well as general mining interest articles for trade publications.
Dr. Barron's role will include lending his geological expertise as Avalanche advances its Ecuadorian and Colombian projects. Dr. Barron's experience dealing with industry and government officials will be welcomed by Avalanche. Avalanche has also granted Dr. Barron 400,000 incentive stock options as announced in it's news release in Stockwatch of April 3, 2008.
Avalanche's president, Sandy MacDougall, commented: "We are extremely fortunate to have a person of Keith's credentials join our team. His experience in South America will greatly benefit the company as we advance our projects in Ecuador and Colombia."
Avalanche options Colombia property, names director
2008-04-03 17:34 MT - News Release
Mr. Sandy MacDougall reports
AVALANCHE ENTERS INTO OPTION AGREEMENT FOR MINING PROPERTY IN COLUMBIA, APPOINTS STEWART FUMERTON AS A DIRECTOR, GRANTS INCENTIVE STOCK OPTIONS, ANNOUNCES $1.5MM PRIVATE PLACEMENT FINANCING AND SETS DATE FOR AN EXTRAORDINARY SHAREHOLDER MEETING TO APPROVE A 4:1 SHARE CONSOLIDATION
Avalanche Minerals Ltd. has entered into a mining projects option purchase agreement with Mina El Gran Porvenir del Libano S.A., a company incorporated in Colombia, and various other parties, pursuant to which the vendors have agreed to sell to Avalanche nine contiguous mineral concessions covering 3,606 hectares in the department of Tolima, Colombia.
The purchase price for the property consists of $10.25-million, of which 10 per cent will be paid after Avalanche obtains approval of the TSX Venture Exchange and completes its due diligence on the property, all of which must occur on or before May 27, 2008. Thereafter, 15 per cent of the purchase price will be paid to the vendors every six months for a period of three years. Upon the purchase price being paid in full, title to the property will be transferred to Avalanche. In addition, Avalanche will pay to the vendors a total annual bonus of $100,000 for each year until the purchase price is paid in full. A finder's fee in an amount to determined will be paid to an arm's-length party for introducing Avalanche to the property, subject to approval of the TSX Venture Exchange.
Small-scale mining is currently under way on the property in two locations, at the Libano mine and at the Sirpe occurrence. The vendors are permitted under the agreement to continue such small-scale mining for up to three years from the date of the agreement at a maximum rate of 80 tonnes per day from the Libano mine and a maximum of 50 tonnes per day from the Sirpe occurrence, which is currently being developed. Both operations can be terminated earlier if Avalanche decides to accelerate the payment of the purchase price. All such operations will be subject to continuing environmental, technical and financial audits.
The principal licence for the property is fully permitted for mining and all types of exploration activities. An addendum will be filed shortly by the vendors to add drilling to the exploration permit already approved on the remaining concessions. In addition, there is an active community relations program already in place with respect to operations on the property.
Avalanche commissioned Dr. Karen Volp, PhD, of SRK Exploration Services, Cardiff, United Kingdom, to review the geology and mineral potential of the Libano gold mine within the property. The mine is located 109 kilometres west-northwest of Bogota. Results of Dr. Volp's representative rock chip sampling at Libano are given in the table.
RESULTS OF THE LIBANO ROCK CHIP SAMPLES COLLECTED BY DR. VOLP
ALS certificate LI08028024 LI08028024 LI08028024
method ME-GRA22 ME-GRA22 Ag-OG62
element Au Ag Ag
sample No. g/t g/t g/t
14418 <0.05 <5 *
14419 27.80 136
14420 23.20 178 204
14421 17.00 108 72
14422 116.50 201 252
14423 16.10 134 138
14424 11.15 12 *
14425 1.94 <5 *
14426 141.00 691 609
14428 24.00 26 *
14429 2.68 11 *
14430 12.00 97 113
14431 105.50 116
14432 10.80 29 *
14433 0.49 <5 *
14434 20.10 65 *
14435 4.46 22 *
14436 49.80 151
14437 225.00 448
14438 14.55 28 *
14439 20.20 292
14440 8.70 130
14441 60.30 91 *
Avalanche names Barron as adviser, grants option
2008-04-08 08:57 MT - News Release
Mr. Sandy MacDougall reports
AVALANCHE MINERALS ANNOUNCES APPOINTMENT OF ADVISOR
Dr. Keith Barron, co-founder of Aurelian Resources Inc. and recipient of the PDAC International Discovery Award, has entered into a consulting agreement for advisory services with Avalanche Minerals Ltd. Dr. Barron has worked in mineral exploration for more than 25 years, for a wide variety of commodities and on all the continents except Antarctica. He has consulted for both junior and senior companies, as well as investment houses, with an expertise in epithermal gold deposits. He has previously worked for Gold Fields Mining, Battle Mountain Mining and Santa Fe Pacific Gold. Dr. Barron is co-founder of Aurelian Resources and founder of U3O8 Corp. He holds a PhD in geology from the University of Western Ontario and has written numerous scholarly works, as well as general mining interest articles for trade publications.
Dr. Barron's role will include lending his geological expertise as Avalanche advances its Ecuadorian and Colombian projects. Dr. Barron's experience dealing with industry and government officials will be welcomed by Avalanche. Avalanche has also granted Dr. Barron 400,000 incentive stock options as announced in it's news release in Stockwatch of April 3, 2008.
Avalanche's president, Sandy MacDougall, commented: "We are extremely fortunate to have a person of Keith's credentials join our team. His experience in South America will greatly benefit the company as we advance our projects in Ecuador and Colombia."
yup selling channel top :)
3.3M shares free trading middle of March moving into stronger hands i guess
So this is the .55 paper from November holding it down?
Hey was that you in the orange shorts?
Thanks had seen that in my email and forgot about it, worth posting the text...
Potash One Inc. (TSXv:KCL) The Perfect Storm…
Potash – The Little Talked About Commodity
At the Market Traders, we have been quite literally pounding the table of late to remind people that despite all the bleak news surrounding sub-prime mortgages and Wall Street write-downs/meltdowns, the global economy is still in the throes of a powerful, albeit volatile, “commodity supercycle” – the likes of which has never been seen before.
Mention “commodity supercycle” and visions of Copper, Nickel, Steel, Concrete and what have you all spring to the minds of investors. But there is a commodity item out there that is very quietly enjoying a bull market all of its own. This commodity item is seldom talked about in the mainstream media and as a result most investors have never heard of it. The commodity I speak of is Potash.
Potash…What is it ?
Simply stated, Potassium is the seventh most abundant element in the earth's crust, and is a major plant and crop nutrient. The main potash fertilizer products include potassium sulphate (K2SO4) and potassium nitrate (KNO3). About 95% of world potash consumption is used in agricultural fertilizers. There are no substitutes for Potash in fertilizer.
Why the Bull Market for Potash?
To understand why potash is enjoying a bull market, all one need do is take a closer look at India, China and Brazil and the answer will hit you right between the eyes. Each year in India and China, 40 million people attain “middle class status”. Newly found prosperity creates further demand for an improved diet with more meat protein. But where is this additional protein to come from? The drive to prosperity has seen vast tracts of agricultural land swallowed up in order to build massive infrastructure. China has now given up so much agricultural land it is on the verge of becoming a Corn importer for the first time in its history. Corn is vital for livestock and poultry feed so that enough pork and poultry can be produced to feed the masses. China has got to produce more and grow more from the agricultural land that remains.
In India, food production has not kept pace with food demand so it too has got to squeeze more productivity out of its land. Brazil as well has stepped up to the plate to provide Europeans non-GMO (genetically modified) grains. Put it all together, and you see that Brazil is under pressure to increase its agricultural output.
So how do you attain greater crop output from your land so as to provide bio-fuels, feed for animals, and grains for human consumption? The answer is simple. You fertilize the land to enhance its vitality.
Potash is enjoying a bull market because the world needs potash as a major source of fertilizer. Small wonder then, that not that many years ago Potash prices were $100/tonne. Today they are over $625/tonne with no new supply coming into the market anytime soon.
Potash One – Competitive Edge
Canada is a major supplier of Potash thanks to its prolific abundance in the Province of Saskatchewan. Potash One (KCL-TSXv) has very smoothly positioned itself right in the heart of the action in Saskatchewan with its 97,400 acre Legacy Project. I say smoothly because the Legacy Project immediately adjoins the largest solution potash mine in the world, operated by The Mosaic Company (N:MOS).
The Legacy property has historically shown it is amenable to solution mining by previous operators. The latest 43-101 technical report also suggests it hosts an estimated 400 million tonnes of Potash. (A 200 year mine life at 2M tonnes per year – trust me, they don’t need to find anymore Potash.)
Solution mining offers a lower capital cost by about half of a hard rock operation, and a much quicker timeline to production than competitors. In addition to the Legacy, Potash One recently secured the rights to the majority potential solution mining ground literally creating a monopoly for junior solution miners. Smart move by the team, who by the way, sold their last company for $1.2B.
Potash demand is growing by 2-3M tonnes per year right now with no new major supply coming online for 6-7 years. Having a solution mine with a timeline to production within that timeframe (4-5 years) is a major advantage to capture sky rocketing Potash prices.
Potash One Inc – Do the Math
KCL currently has 39 million shares outstanding. With the shares trading in the $3.30 range, this gives KCL a market capitalization of about $128 million with $28 in the bank.
Potash is currently selling in the marketplace at just over $625 per tonne. Assign even a nominal economic value to this resource and it does not take long to see that the market capitalization of Potash One does not even come close to reflecting the economic value of what is contained on the Legacy property.
Potash One - the Perfect Storm
Potash One looks positioned to experience the perfect storm. A raging bull market for potash; a property located in North America’s most prolific potash producing regions; major potash producer as a neighbor; and a small market capitalization that does not even come close to reflecting the economic potential at hand. At the Market Traders, we will be watching the Potash One story with great interest.
We are initiating coverage of Potash One with a Buy rating on the stock. We especially like the MACD’s on the chart representing an oversold position we haven’t seen on the stock for over a year. For further information, be sure to visit the KCL website at www.potash1.com.
That would be in order to move resources in to the "measured" catagory
the inferred and indicated are NI 43-101 already
and the report is on sedar btw
http://investorshub.advfn.com/boards/read_msg.asp?message_id=27143047
par for the course only a few pro's but lots of onlookers
better to buy the bottom of the channel than the top
On the 20th they said it would be $4.2M
On the 25th it closed at $3.8M
They couldnt sell enough shares at .45?
Well according to Stockwatch the pp is closed already
Raytec Metals 8.62-million-share private placement
2008-03-25 14:33 MT - Private Placement
The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced Feb. 13, 2008, and March 20, 2008.
Number of shares: 8,628,887
Purchase price: 45 cents per share
Warrants: 4,314,443 share purchase warrants to purchase 4,314,443 shares
Warrant exercise price: 75 cents for a two-year period. The warrants have an acceleration clause whereby, at any time after four months and one day following closing, the closing price of the company's shares exceeds $1.25 per share for any 10 consecutive trading days, the company may give notice, by way of news release, that the warrants will automatically expire 30 days after such notice.
Hidden placees: 14
Insider participation: Brian Thurston, 111,111
Finders' fees: Integral Wealth Securities Limited receives $182,999.95 and 406,667 non-transferable warrants, where each warrant is exercisable for one share at a price of 45 cents per share for a two-year period. Canaccord Capital Corporation receives $27,000 and 60,000 non-transferable warrants, where each warrant is exercisable for one share at a price of 45 cents per share for a two-year period. Lockwood Financial Ltd. (Kevin Torudag) receives $18,900 and 42,000 non-transferable warrants, where each warrant is exercisable for one share at a price of 45 cents per share for a two-year period.
Lots of question marks for RAY, they have a lot of work to do and they also have Uranium and Iron Ore projects.
Maybe they got too much to handle if they cant even close a pp.
Does RAY even have an exploration permit yet?
Raytec president, Brian Thurston, states: "We are very pleased with the information obtained about the property to date, and will continue with the process of collecting and reviewing all available data from and around the KP441 area. Our goal is to use this existing data to evaluate the property and expedite exploration activities which will include a current 43-101 report for the property. Near future work programs include a seismic survey(s) followed by a drilling campaign once we receive our exploration permit."
Ya Western Potash has a long way to go and might demonstrate RAY is undervalued when they come to market.
We have been through this before they have NI 43-101 compliant reports which RAY does not.
That will take time.
Dont forget RAY is not NI 43-101.
Cool pool Susan!