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COECF is trading above its 10 week moving average. While this is normally considered to be a bullish sign, the moving average is downward sloping which means that investors have been liquidating shares during this time period and tempers the bullishness of the signal.
COECF has been relatively stable recently. This is evidenced by the width of its price channel which is tighter than is normal due to the low volatility. Additionally, COECF is trading near its upper price channel band. This suggests that the stock price is high relative to the action over the last 14 week period.
COECF is trading above the 0.13 Significant Point that would trigger a reversal of the Parabolic SAR's current bullish indication.
The On Balance Volume indicator (OBV) shows that longer term selling pressure has given way to near term accumulation.
The RSI, which is currently at 74.09% and above the critical level of 70, suggests that COECF is overbought. While a stock that is overbought may continue to rally, investors should be especially careful when COECF begins to lose strength and RSI dips below 70. (DMI)
The ADX is below 20 which signifies that COECF is not trending. Therefore the Bullish signal provided by the Directional Movement Index is not confirmed and it is too early to act solely based on this indicator.
Aquila Resources Inc. (TSX: AQA)(OTCQX:AQARF)(FRANKFURT:JM4A) ("Aquila" or the
"Company") is pleased to announce the Company has entered into an Operating
Agreement with HudBay Minerals Inc. (TSX:HBM)(NYSE:HBM) ("Hudbay") to advance
work at the Back Forty project ("Back Forty" or the "Project"). The Company also
announced that, together with Hudbay, it expects to release a National
Instrument (NI) 43-101 Preliminary Economic Assessment (PEA) for the Project
within the next 60 days.
The Back Forty project currently contains an NI 43-101 compliant Measured plus
Indicated resource estimate of 17.89 million tonnes grading 1.57 g/t gold, 19.60
g/t silver, 0.19% copper and 2.44% zinc. Total contained metals include 907,000
ounces of gold, 11.31 million ounces of silver, 963 million pounds zinc, and
75.8 million pounds of copper (see press release dated October 15, 2010).
Operating Agreement
The Operating Agreement was contemplated previously in the Subscription Option
and Joint Venture Agreement originally entered into on August 6, 2009 (see press
release dated August 6, 2009). The Operating Agreement will govern exploration,
development and operations at Back Forty.
Under the terms of the Operating Agreement, Back Forty assets will be
transferred into a Michigan Limited Liability Company. Initial ownership
interests are 49 percent for Aquila and 51 percent for Hudbay, who will also
remain the Project operator.
Hudbay can increase its ownership to 65 percent (or an incremental 14 percent)
following completion of the feasibility study, submission of all mine permit
applications and by making payments on outstanding land option agreements.
Additionally, Hudbay will have the ability to increase its stake by another 10
percent should Aquila elect not to fund its portion of capital expenditures for
development within 90 days of receipt of mining permits.
Hudbay will continue to be responsible for funding substantially all
expenditures at Back Forty until it has completed the feasibility study and
submitted necessary mine permit applications. Other terms covered in the
Operating Agreement include dilution of the respective partners, procedures for
sale of either parties interest with right of first refusal and marketing rights
to products produced from the project.
Update on Preliminary Economic Assessment
The Company expects to author a National Instrument (NI) 43-101 Preliminary
Economic Assessment for the Back Forty project, utilizing data provided by
Hudbay, within the next 60 days. The initial Project scope will be an open pit
design that includes back filling of the pit once mining has completed.
Additional drilling focused on further delineation of in-pit resources has
occurred since the last resource estimate was published. The potential impact on
the Project from this delineation will be reviewed in conjunction with
preparation of a Pre-Feasibility Study.
"The execution of the Operating Agreement, and completion of the Preliminary
Economic Assessment, are the next steps in the progression of the Back Forty
project towards making a construction decision," said President and CEO Thomas
Quigley. "The PEA will provide an initial, order of magnitude financial
appraisal of an open pit mine plan exploiting only a portion of the identified
resource at Back Forty, and will also provide parameters and guidance for the
upcoming Pre-Feasibility study."
About Back Forty Project
The Back Forty Project, located in Menominee County in the Upper Peninsula of
Michigan, is an advanced stage exploration project delineating a zinc and
gold-rich volcanogenic massive sulfide deposit under an Operating Agreement
between Aquila and HudBay Minerals Inc. (NYSE:HBM)(TSX:HBM). The Back Forty
deposit is comprised of massive sulfide, stringer, gossan, and gold-only
mineralization, each with high-grade components. Massive sulfide has been traced
along strike for nearly 1 kilometer and to a vertical depth of 700 meters. The
limit of strong hydrothermal alteration associated with the Back Forty massive
sulfide has not been identified and is indicative of a very large mineralized
system. For more information on the Back Forty Project, please refer to the Back
Forty Project section on our website www.aquilaresources.com.
About Aquila Resources Inc.
Aquila Resources Inc. (TSX:AQA)(OTCQX:AQARF)(FRANKFURT:JM4A) is a mineral
exploration Company focused on the discovery and development of high-grade base
and precious metal projects in highly prospective regions of North America. The
Company is moving towards an interest in production on its flagship Back Forty
Project through an Operating Agreement with Hudbay Minerals Inc.
(TSX:HBM)(NYSE:HBM). The Company has also positioned itself for future growth by
acquiring new base metal deposits under an Exploration Alliance with Hudbay as
well as through the acquisition of 100% owned precious metal exploration
properties. Leading the way is an experienced management and technical team that
have identified significant high-grade base and precious metal properties. For
more information, please visit www.aquilaresources.com.
Thomas O. Quigley is the Qualified Person for Aquila Resources as described in
National Instrument 43-101 and is responsible for the contents of this release.
Where is this article to appear?
CanAm Coal is pleased to announce that it intends to complete a non-brokered private placement of up to 900,000 units at a price of $0.17 per unit for gross proceeds of up to $153,000. Each unit will consist of one common share and one half common share purchase warrant. Each warrant is exercisable at $0.22 per common share for a period of two years from closing. This private placement will be fully subscribed for by Mr. Scott Bolton, who has been appointed Chief Financial Officer of the Company, and by Mr. Timothy Nakaska, a director of the Company.
Proceeds of the private placement will be used for general operating purposes. The completion of the private placement is subject to regulatory approval. CanAm has determined that there are exemptions available from the various requirements of TSX Venture Policy 5.9 and Multilateral Instrument 61-101 for the issuance of the units to Mr. Nakaska and Mr. Bolton (Formal Valuation - Issuer Not Listed on Specified Markets; Minority Approval - Fair Market Value Not More Than $2,500,000).
Thank You
Who approched you? And by approched, what do you mean, please explain. Who approched you, were you sitting at a diner, and someone said, "Hey, sell this for me"? What was the selling point? Would you have been on the bottom rung? Thank You
TAOM
Valuation Measures
Market Cap (intraday)5: 205.45M
Enterprise Value (Mar 4, 2012)3: 84.58M
Trailing P/E (ttm, intraday): 7.00
Forward P/E (fye Dec 31, 2012)1: 11.67
PEG Ratio (5 yr expected)1: 7.65
Price/Sales (ttm): 5.01
Price/Book (mrq): 2.08
Enterprise Value/Revenue (ttm)3: 2.02
Enterprise Value/EBITDA (ttm)6: 3.80
Financial Highlights
Fiscal Year
Fiscal Year Ends: Dec 31
Most Recent Quarter (mrq): Sep 30, 2011
Profitability
Profit Margin (ttm): 64.68%
Operating Margin (ttm): 50.44%
Management Effectiveness
Return on Assets (ttm): N/A
Return on Equity (ttm): N/A
Income Statement
Revenue (ttm): 41.86M
Revenue Per Share (ttm): 1.74
Qtrly Revenue Growth (yoy): 23.70%
Gross Profit (ttm): N/A
EBITDA (ttm)6: 22.26M
Net Income Avl to Common (ttm): 22.78M
Diluted EPS (ttm): 0.80
Qtrly Earnings Growth (yoy): -32.20%
Balance Sheet
Total Cash (mrq): 120.87M
Total Cash Per Share (mrq): 3.29
Total Debt (mrq): 0.00
Total Debt/Equity (mrq): N/A
Current Ratio (mrq): 1.58
Book Value Per Share (mrq): 2.76
Cash Flow Statement
Operating Cash Flow (ttm): 38.65M
Levered Free Cash Flow (ttm): N/A
AdChoices
Trading Information
Stock Price History
Beta: N/A
52-Week Change3: N/A
S&P500 52-Week Change3: 4.54%
52-Week High (Jul 19, 2011)3: 17.90
52-Week Low (Dec 19, 2011)3: 3.95
50-Day Moving Average3: 5.60
200-Day Moving Average3: 6.05
Share Statistics
Avg Vol (3 month)3: 47,346
Avg Vol (10 day)3: 54,500
Shares Outstanding5: 36.69M
Float: 9.71M
% Held by Insiders1: N/A
% Held by Institutions1: N/A
Shares Short (as of Feb 15, 2012)3: 440.30K
Short Ratio (as of Feb 15, 2012)3: 10.70
Short % of Float (as of Feb 15, 2012)3: N/A
Shares Short (prior month)3: 460.85K
Dividends & Splits
Forward Annual Dividend Rate4: N/A
Forward Annual Dividend Yield4: N/A
Trailing Annual Dividend Yield3: N/A
Trailing Annual Dividend Yield3: N/A
5 Year Average Dividend Yield4: N/A
Payout Ratio4: N/A
Dividend Date3: N/A
Ex-Dividend Date4: N/A
Last Split Factor (new per old)2: N/A
Last Split Date3: N/A
See Key Statistics Help for definitions of terms used.
Abbreviation Guide: K = Thousands; M = Millions; B = Billions
mrq = Most Recent Quarter (as of Sep 30, 2011)
ttm = Trailing Twelve Months (as of Sep 30, 2011)
yoy = Year Over Year (as of Sep 30, 2011)
lfy = Last Fiscal Year (as of Dec 31, 2010)
fye = Fiscal Year Ending
1 Data provided by Thomson Reuters
2 Data provided by EDGAR Online
3 Data derived from multiple sources or calculated by Yahoo! Finance
4 Data provided by Morningstar, Inc.
5 Shares outstanding is taken from the most recently filed quarterly or annual report and Market Cap is calculated using shares outstanding.
6 EBITDA is calculated by Capital IQ using methodology that may differ from that used by a company in its reporting
3-2-12
4.97 6.40 9:00:00 PM EST 5.70 5.72
Day's Range 52-Wk Range Avg Volume EPS P/E
5.59 - 5.70 3.95 - 17.90 44,900 0.98 5.70
Market Cap Outstanding
205.45M 36.69M
Short Inst % Owned Exchange
465,821 4 % NYSE
Support 2 Support 1 Pivot Price Resistance 1 Resistance 2
$ 5.52 $ 5.56 $ 5.63 $ 5.67 $ 5.74
CanAm Coal Corp. (TSX VENTURE: COE)(OTCQX: COECF) ("CanAm" or the "Company") is pleased to provide an update on production and sales contracts for the fiscal year ended December 31, 2012.
The Company is estimating coal sales of between 450,000 to 550,000 tons for the 2012 fiscal year with a metallurgical/thermal coal mix of 20/80% respectively. This represents a 200,000 to 300,000 ton increase over 2011 estimated sales or the Company is forecasting to nearly double production in 2012. Up to 85% of this estimated 2012 production has been contracted for with a variety of customers including the Alabama Coal Cooperative and various industrial users. Sales contracts are for a minimum term of 3 years and some thermal coal production has been contracted for through 2017.
Pricing obtained by the Company for its high quality metallurgical and thermal coals has been extremely favorable and all prices are at higher levels than in 2011. On average, the estimated realized sales price for 2012 will be $100/ton with average price increases as follows:
-- Metallurgical coal: up 11%
-- Thermal coal - power customer: up 4%
-- Thermal coal - industrial customers: up 17%
"We are extremely pleased with our recently completed sales contracts as they provide us with both downside protection and earnings visibility for 2012 and beyond," said Tim Bergen, CEO of CanAm. "In addition, most of our contracts include cost inflation clauses which provide for additional protection in the event our major production cost components were to escalate in the next couple of years."
Anchor BanCorp Wisconsin Inc. (OTC Market: ABCW.PK) today announced a net loss available to common equity of $15.3 million, or $0.72 per common share, for the three months ended December 31, 2011. This compares to a net loss available to common equity of $19.6 million, or $0.92 per common share, and $15.4 million, or $0.72 per common share, for the three months ended September 30, 2011, and December 31, 2010, respectively. For the nine months ended December 31, 2011, net loss available to common equity was $43.0 million, compared to $32.8 million for the same period in the prior year.
Financial Highlights
•AnchorBank fsb (the "Bank) remains adequately capitalized for the sixth consecutive quarter.
•Net loss available to common equity narrowed in the third quarter of 2011 compared to the preceding quarter ending September 30, 2011, and the year ago quarter ending December 31, 2010.
•Net charge-offs were down 10.0 percent in the third quarter of 2011 compared to the preceding quarter and down 22.5 percent compared to third quarter of 2010.
•Gross mortgage banking revenue totaled $5.4 million for the current quarter reflecting a 118.3% increase in residential mortgage origination volume over the preceding quarter.
•Total assets decreased by $333.3 million, or 9.8 percent to $3.1 billion at December 31, 2011, compared to March 31, 2011.
Capital Ratios
December 31, 2011
(Dollars in thousands) December 31, September 30, March 31, Increase (decrease) vs.
2011 2011 2011 9/30/11 3/31/11
Tier 1 (core) capital $125,811 $133,307 $145,807 ($7,496) ($19,996)
Adjusted total assets 3,064,805 3,200,704 3,422,303 (135,899) (357,498)
Tier 1 capital ratio 4.11% 4.16% 4.26% -0.05% -0.15%
Risk-based capital $150,518 $159,125 $174,453 ($8,607) ($23,935)
Risk weighted assets 1,864,639 1,952,984 2,170,197 (88,345) (305,558)
Risk-based capital ratio 8.07% 8.15% 8.04% -0.08% 0.03%
The Bank's Tier 1 (core) capital and Risk-based capital ratios of 4.11 percent and 8.07 percent at December 31, 2011, decreased by 5 and 8 basis points, respectively compared to September 30, 2011. The ratios were lower despite the decreases in assets (Adjusted total assets and Risk weighted assets), as Tier 1 capital and Risk-based capital fell proportionately more than assets due to net losses in the third quarter of 2011.
Under regulatory requirements, a bank must have a Tier 1 (core) capital ratio of 4.0 percent or greater and a total Risk-based capital ratio of 8.0 percent or greater to be considered adequately capitalized. "Although the Bank's capital ratios decreased slightly from the previous quarter, we are encouraged by our sixth consecutive quarter of capital ratios above the threshold to be considered adequately capitalized," stated Chris Bauer, President and Chief Executive Officer of the Corporation and the Bank.
The Corporation, as the holding company of the Bank, continues to be burdened with significant senior debt and preferred stock obligations:
•The Corporation currently owes $116.3 million to various lenders led by U.S. Bank under its credit agreement that matures November 30, 2012. The Corporation also has accrued but unpaid interest and fees totaling $36.3 million associated with this obligation that is due and payable at maturity.
•The Corporation issued $110 million in preferred stock in 2009 to the United States Treasury pursuant to the Treasury's Capital Purchase Program ("CPP"). As permitted under the CPP program, the Corporation has deferred 11 quarterly preferred stock dividend payments to the Treasury totaling $17.2 million.
•While the Bank has substantial liquidity, it is currently precluded by its regulators from paying dividends to the Corporation for purposes of repayment of the foregoing obligations.
The Corporation has engaged and continues to work with Sandler O'Neill & Partners, L.P. as its financial advisor to assist in capital raising efforts to address its capital needs.
Financial Results
Financial results for the third quarter ended December 31, 2011, include:
•The net interest margin fell to 2.19 percent for the three months ended December 31, 2011, from 2.53 percent for the same period in the previous year. The decrease was primarily due to a rate increase on the $116.3 million Credit Agreement of 300 basis points to 15 percent per annum effective in May 2011, and sales of higher yielding investment securities executed in September 2011.
•The provision for credit losses of $8.4 million decreased $13.0 million, or 60.9 percent from $21.4 million in the same period a year ago largely due to a lower required general allowance for losses on non-impaired loans attributable to improved credit metrics which are used in part to establish this reserve.
•Total non-interest income totaled $9.5 million, down $2.2 million or 18.8 percent, compared to the same period in the previous year. The decrease was primarily due to lower loan servicing income reflecting an increase in the amortization rate of the mortgage servicing rights asset caused by the historically low interest rate environment during the quarter ending December 31, 2011, and the resultant mortgage refinance activity. Security gains of $20,000 in the current quarter compared to $1.2 million in the year ago quarter ending December 31, 2010, also contributed to this unfavorable variance.
•Total non-interest expense increased by $4.4 million or 17.6 percent, compared to the comparable period a year ago largely due to higher loss provisions on repossessed property.
Credit Quality
(Dollars in thousands) December 31, 2011
December 31, September 30, December 31, Increase (decrease) vs.
Quarterly Financial Results 2011 2011 2010 9/30/11 12/31/10
Provision for credit losses $8,380 $17,115 $21,412 ($8,735) ($13,032)
Net charge-offs 15,848 17,608 20,439 (1,760) (4,591)
Key Metrics (at period end)
Loans < 90 days delinquent 46,655 70,927 68,946 (24,272) (22,291)
Non-performing loans (NPL) 261,152 256,502 310,832 4,650 (49,680)
Foreclosed properties 86,925 92,970 69,241 (6,045) 17,684
Non-performing assets 348,077 349,472 380,073 (1,395) (31,996)
Allowance for loan loss to NPL 50.13% 53.94% 50.65% -3.81% -0.52%
Credit related metrics continue to trend favorably as both net charge-offs in the quarter ending December 31, 2011, and loans less than 90 days past due at quarter end are lower compared to the preceding quarter and a year ago quarter. The impact of these trends contributed significantly to the lower provision for credit losses in the current quarter. Despite the decrease in provision for credit losses, the allowance for loan loss remains above 50 percent of non-performing loans at December 31, 2011. The level of non-performing assets (non-performing loans plus foreclosed properties) has also improved as the December 31, 2011, balance of $348.1 million is $1.4 million and $32.0 million lower than the preceding quarter and year ago quarter reported amounts, respectively.
Bauer added, "Although we are glad to see some favorable credit trends, much work remains to be done regarding troubled loans and to dispose of foreclosed properties. We continue to work aggressively to resolve the issues that remain in the credit portfolios. The positive trends emerging on the credit front are partially offset as we continue to be negatively impacted by ongoing costs associated with carrying foreclosed properties on the Bank's balance sheet. The elevated level of foreclosed properties compared to this time last year has a direct negative impact on the expenses related to foreclosed properties and repossessed assets due to the high cost of carrying these assets." Total foreclosed properties and repossessed assets were $86.9 million at December 31, 2011, down from $93.0 million at September 30, 2011, but an increase of $17.7 million compared to $69.2 million at December 31, 2010.
Mortgage Banking
(In thousands) For the Quarter Ending: December 31, 2011
December 31, September 30, December 31, Increase (decrease) vs.
2011 2011 2010 9/30/11 12/31/10
Gross revenue
Loan servicing income, net ($1,571) $478 ($416) ($2,049) ($1,155)
Credit enhancement income 5 16 116 (11) (111)
Gain on sale of mortgages 6,018 3,994 5,601 2,024 417
OMSR (impairment) / recovery 985 (5,069) 1,611 6,054 (626)
Residential mortgage banking revenue $5,437 ($581) $6,912 $6,018 ($1,475)
Key Metrics
Origination volume (closed loans) $412,800 $189,100 $288,600 $223,700 $124,200
Serviced loan portfolio 2,833,049 2,787,281 2,919,400 45,768 (86,351)
Residential mortgage banking revenue totaled $5.4 million for the quarter ending December 31, 2011, compared to a loss of $0.6 million in the preceding quarter and revenue of $6.9 million in the year ago quarter. Revenues in the quarter ending September 30, 2011, were unfavorably impacted by a $5.1 million impairment charge on the capitalized mortgage servicing rights asset due to lower interest rates and the resultant mortgage refinance activity. However, the low interest rate environment in the past several quarters, as well as the Bank's marketing efforts, contributed to an increase of $223.7 million in mortgage origination volume in the current quarter compared to the preceding quarter ending September 30, 2011, resulting in a $2.0 million increase in the gain on sale of mortgages.
Commenting on residential mortgage activity, Bauer added, "Residential mortgages have been a focus over the past several months as customer demand, sparked by lower mortgage rates, resulted in significantly higher revenues, while also providing an opportunity to increase product penetration rates for existing customers and to offer other products and services to customers new to the Bank
Heard a commercial last night for Anchor. $150 to open a new checking account.
AQARF- Well the ADVFN site fixed our news(quotes) section today.
Taomee Holdings Limited ("Taomee", NYSE: TAOM), a leading children's entertainment and media company in China, today announced that it will host its fourth quarter earnings conference call and live webcast at 8:00 p.m. Eastern Standard Time (New York) on Tuesday, March 20, 2012 (which is 8:00 a.m. in China on Wednesday, March 21, 2012).
The dial-in details for the live conference call are:
U.S. toll-free number
+1-866-519-4004
Hong Kong toll-free number
800-930-346
International dial-in number
+65-6723-9381
China Mainland dial-in number
400-620-8038
Passcode
Taomee
The live webcast and archive of the conference call will be available on the Investor Relations section of Taomee's website at:
http://ir.taomee.com/phoenix.zhtml?c=243417&p=irol-eventDetails&EventId=4728668
A telephone replay of the call will be available after the conclusion of the conference call at 2:00pm Eastern Standard Time on March 21, 2012 through 11:59 p.m. Eastern Standard Time, March 28, 2012. The dial-in details for the telephone replay are:
Conference ID number
56201304
International dial-in number
+612-8235-5000
China dial-in number
+400-692-0026
2-24-12
Bid Ask Last Traded Open Prev Close
4.50 6.15 5:03:08 PM EST 5.07 5.06
Day's Range 52-Wk Range Avg Volume EPS P/E
5.035 - 5.09 3.95 - 17.90 47,900 0.98 5.20
Market Cap Outstanding
185.27M 36.69M
Short Interest % Owned Exchange
465,821 4 % NYSE
Support 2 Support 1 Pivot Price Resistance 1 Resistance 2
$ 5.0033 $ 5.0267 $ 5.0583 $ 5.0817 $ 5.1133
AQARF has been relatively stable recently. This is evidenced by the width of its price channel which is tighter than is normal due to the low volatility. Additionally, AQARF is trading near its lower price channel band. This suggests that the stock price is low relative to the action over the last 14 week period..Parabolic Stop and Reverse (PSAR)
Monday, AQARF closed below the trigger point for the Parabolic SAR and is currently registering a bearish signal. The current Significant Point, above which a reversal to the bullish side would occur, is 0.58.
The On Balance Volume indicator (OBV) presently offers a bearish signal. This is because the slope of the indicator is negative and shows that there is a lack of buying interest.
According to the RSI which is currently at 29.36%, below the critical value of 30, AQARF is oversold. This means that there has been significant recent downward momentum that is not sustainable. Although the stock may not begin to rally, selling pressure can not continue at this level. Williams Percent R
According to the %R which is currently at -86.86%, below the critical value of -80, AQARF may be oversold. While this does not signal that shares will begin to rally, it is unlikely that selling pressure can continue at this level. Directional Movement Index The ADX is below 20 which signifies that AQARF is not trending.
The filing on 9-28-11 says they have 150,000,000 "blank check" preferred shares.
I believe it was put out by WRAP. They went up 163% on that news.
Point Being?
Scottrade finally able to trade ARNH today.
Yes, that is interesting.
Yes I will hold also, I've been holding another for about a year and a half. Lost most of its value already, might as well wait and see. GLTY
Yes, seems odd its taking this long.
This is from yesterday(2-9-12) recieved from scottrade. Hasn't even changed yet.
Thank you for your email regarding DGIN in your Scottrade account.
Shares of DGIN are currently undergoing a 1 for 1000 reverse split and will trade under symbol 'ARNH'.
We do not post new shares for stock splits on securities until we receive them from the paying company. At this time, we do not have an official delivery date for the new shares. Please be assured that as soon as we receive the shares from the split, they will be posted to your account. The current symbol DGIN## will be noted in your account as a placeholder until we actually receive the adjusted shares.
AQARF Aquila Resources Inc. Ordinary Shares PAL: Berenbaum Weinshienk PC OTCQX International
0.5060.0079 (1.59%)
Real-Time Best Bid & Ask
0.478 / 0.506(5000 x 2500)Previous Close
0.4981
Open
0.4875Daily Range
0.506- 0.476
52wk Range
1.1235- 0.46Volume
51,615
Dividend
N/AAverage Vol (3m)
11,651
Yield
N/ATrade Time 12:23:38 EST/ Last Best Bid & Ask Update 14:58:07 EST Real-Time Level 2 Quote MontageThere are no quotes for AQARF
MPID Bid Price Size Date/Time
ETRF 0.478 5000 02/08
NITE 0.478 5000 02/08
INTL 0.46 5000 02/08
CANTN 0.0001 5000 02/08
AUTO 0.0001 5000 02/08
MPID Ask Price Size Date/Time
INTL 0.506 2500 02/08
NITE 0.5072 2500 02/08
ETRF 0.508 5000 02/08
AUTO 2.00 500 02/08
CANTN U
Aquila Resources Inc. is involved in the mineral exploration business and is focused on mineral and surface rights at the Back Forty Project located in Michigan's Upper Peninsula. The company is also involved in base metals through the Exploration Alliance with HudBay in the Upper Peninsula.
Non US Stock Exchange Listing
AQA - Toronto Stock Exchange - Qualified
Short Selling Data
Short Interest 0 (-100%)
Dec 15, 2011
Significant Failures to Deliver No
Transfer Agent(s)
TransCanada Transfer Inc
AQARF
Share Structure
Market Value1 $43,623,196 a/o Feb 08, 2012
Shares Outstanding 86,211,850 a/o Sep 30, 2011
Float Not Available
Authorized Shares Unlimited a/o Apr 11, 2011
Par Value No Par Value
Shareholders
AQARF
Reporting Status International Reporting: Toronto Stock Exchange
Audited Financials Audited
Latest Report Nov 15, 2011 Interim Financial Report
Regulatory Agency Not Available
CIK Not Available
Fiscal Year End 12/31
OTC Market Tier OTCQX International
Profile Data
SIC - Industry Classification 1000 - Metal Mining
Incorporated In: Canada
Year of Inc. 1997
Employees 23 a/o Apr 01, 2011
Company Officers
Thomas O. Quigley CEO
Robin Dunbar CFO
Leslie Serletic IR
Company Directors
Peter M.D. Bradshaw Chairman
Robin Dunbar
Alan T.C. Hair
Edward Munden
Thomas O. Quigley
William J. West
AQARF's MACD is currently indicating a weak bullish signal.
Yesterday, AQARF closed above its 10 week moving average. This is generally considered to be an indication of a bullish trend.
AQARF is trading within its price channel.
Today, AQARF closed below the trigger point for the Parabolic SAR and is currently registering a bearish signal. The current Significant Point, above which a reversal to the bullish side would occur, is 0.60.
The On Balance Volume indicator (OBV) presently offers a bearish signal.
AQARF's MACD is currently indicating a weak bullish signal. Although the MACD is trending above the signal line, the indicator is still below 0, which suggests that the underlying moving averages are bearish..Williams
%R has recently crossed above the critical value of -80 which suggests that the selling pressure has lessened and the internal strength of AQARF has increased.
The ADX is below 20 which signifies that AQARF is not trending. Therefore the Bearish signal provided by the Directional Movement Index is not confirmed and it is too early to act solely based on this indicator.
The Ultimate Oscillator is currently at 54.99%
Tuesday, AQARF closed above the trigger point for the Parabolic SAR and is currently registering a bullish signal. The current Significant Point, below which a reversal to the bearish side would occur, is 0.47.
AQARF has been relatively stable recently. This is evidenced by the width of its price channel which is tighter than is normal due to the low volatility.
The MACD for AQARF currently indicates a strong bullish signal for two reasons. First, the MACD is above the signal line, a 9-day moving average. Second, the MACD is above 0 which implies that the underlying moving averages are trending higher.Williams %R which is currently at -14.89% and above the critical level of -20, AQARF may be overbought.
The ADX (DMI)is below 20 which signifies that AQARF is not trending. Therefore the Bullish signal provided by the Directional Movement Index is not confirmed.
The Ultimate Oscillator is currently at 59.58% which indicates that the stock is neither overbought nor oversold.
EXCHANGE / SYMBOLS SHARE STRUCTURE
Toronto Exchange AQA Shares Outstanding 90,714,168
Frankfurt Exchange JM4A Options & Warrants 5,241,640
OTCQX AQARF Fully Diluted 95,955,808
AQARF-The November 2010 National Instrument 43-101 resource estimate for the Back
Forty deposit includes 17.94 million tonnes measured plus indicated and 3.37 million
tonnes inferred. The measured plus indicated resources contain 902,000 ounces of
gold, 11.39 million ounces of silver, 961.2 million pounds of zinc and 78.6 million
pounds of copper. An additional 140,000 ounces of gold, 2.64 million ounces of silver,
145.6 million pounds of zinc and 33.2 million pounds of copper are included in
inferred resources.-AQARF
Companies consider mining for gold in Wisconsin
e-mail print By Lee Bergquist of the Journal Sentinel
Nov. 27, 2011 |(58) Comments
Click to enlargeThere's gold in Marathon County, and a Michigan-based company is returning to the woods this winter for more prospecting in the hope of striking it big.
As mining has taken a higher profile in Wisconsin in 2011, mineral exploration company Aquila Resources Inc. has quietly become the most active player in the state.
Make no mistake about it. These are not gold rush days for Wisconsin, and the state is far from a hotbed of metallic mining.
The most visible mining company, Gogebic Taconite of Hurley, has put plans on hold for a $1.5 billion iron ore mine until lawmakers advance more favorable environmental regulations.
But with global demand for minerals rising - and gold's attraction in uncertain times - there has been a revival in interest in Wisconsin.
Aquila Resources, incorporated in Canada and with offices in Menominee, Mich., is evaluating three sites in central and northern Wisconsin.
Also, with a Canadian partner, Aquila is close to making a formal application to mine gold on land next to the Menominee River in the Upper Peninsula, bordering Wisconsin's Marinette County.
Aquila's most significant project in Wisconsin involves the "Reef" deposit in the Town of Easton, east of Wausau in Marathon County - part of a known belt of gold, silver, copper, zinc and other minerals.
The attraction of the Reef deposit: proven gold reserves.
"If you were to go anywhere in the world, this is where you would go," said Thomas O. Quigley, Aquila's president and chief executive officer.
"It's conveniently located. It's not in some remote corner of the world. There is good potential. And there's an infrastructure to get it out."
The Reef deposit was discovered in the 1970s by Noranda Exploration, which estimated the reserve held 119,000 ounces of gold. At today's prices, it would be worth about $200 million.
With the heavy capital costs required to mine the gold, "that's not enough to warrant any great amount of work," said Thomas J. Evans, assistant director of the Wisconsin Geological and Natural History Survey. "But there could be additional resources, and that's what Aquila is" trying to find out.
Expanding the search
In September, publicly traded Aquila reported that the results from 22 holes drilled this summer supported Noranda's findings. Aquila also said the site represented the "potential for new, previously unidentified zones" containing gold.
The promising results and booming gold prices, which have risen about 20% this year, are the impetus for more drilling.
"That's why we are in Reef," Quigley said.
Quigley said it's too early to say whether Aquila will begin the regulatory process to mine gold - a process that could take years.
But the company emphasized in third-quarter financial statements that "Aquila intends to be a mover in the state to acquire mineral properties and work toward permitting and commercial development."
Quigley says Wisconsin's mining companies might be helped if regulations and timetables could be streamlined, though he said Aquila has not participated in the debate. The issue arose after Gogebic stopped plans in June and said mining companies needed more certainty with the regulatory process.
In Madison, the issue has lagged, especially in the Senate, over environmental concerns. There are signs an impatient Assembly may introduce a bill in the next week or so.
Quigley said Aquila favors streamlining regulations and timetables, but not if they weaken environmental safeguards.
Two other Wisconsin sites are drawing interest:
?The Bend copper and gold deposit in the Chequamegon Nicolet National Forest about 20 miles northwest of Medford.
Aquila has received an exploration license by a federal agency, the Bureau of Land Management, and will start work this winter.
BLM geologist Jeff Nolder said Aquila had outlined plans to build a mine for about nine years, but only after more exploratory drilling.
But government and mining officials say the Bend project may go nowhere if sufficient minerals aren't found.
"Statistically, one in 1,000 becomes developed," Aquila spokesman Paul Herder said of such exploration projects.
Greg Knight agreed.
"It's like finding the proverbial needle in a haystack," said Knight, mineral and geology program manager for the forest service in Medford.
The Lynne deposit on county-owned land in Oneida County. Aquila and two other companies - Tamerlane Ventures Inc. and Josephine Mining Corp., both publicly traded and based in Washington State - are evaluating the deposit, which includes zinc and other minerals.
Oneida County officials have not decided whether to open land to mining as they weigh environmental and economic issues.
"We really have to understand this before we proceed," said County Board member Dave Hintz. "We're not going to rush this."
Wisconsin environmental groups have taken a wait-and-see attitude on the three possible projects. Instead, they've devoted their time to following legislative developments and Gogebic's proposal for an open-pit iron ore mine on a hilltop along Highway 77 in Iron and Ashland counties.
For the other three possible sites, environmentalists say their biggest concern is the potential damage sulfide rock could cause, said Dave Blouin, mining committee chair of the Sierra Club in Wisconsin.
When exposed to air and water, waste rock from sulfide mineral deposits can potentially release contaminants.
"That has always been the main issue," Blouin said. "They are very small deposits, which also makes them economically risky."
Blouin also questioned whether the three projects could comply with Wisconsin mining moratorium law. Among other requirements, an applicant must show another sulfide mine has been closed for 10 years without producing ground or surface water pollution.
Michigan project
As for the Michigan Back Forty project, environmentalists have raised worries about the threat to the Menominee River on the Wisconsin border.
They are also monitoring developments with Aquila's partner in Michigan, HudBay Minerals Inc., which is embroiled in a controversy involving a mine project in Guatemala.
Quigley says Aquila and HudBay will apply for a permit later next year to construct a 400-feet-deep open-pit mine.
The Back Forty contains an estimated 902,000 ounces of gold, 11.4 million ounces of silver, 961.2 million pounds of zinc and 78.6 million pounds of copper.
Because the Back Forty is on the Michigan-Wisconsin border, the Wisconsin Department of Natural Resources said it will participate in water discharge and air quality regulations.
Aquila is a 49% partner with HudBay.
The Sierra Club's Blouin questioned HudBay's involvement because of events surrounding the death of a man and alleged sexual assaults of women, all residents living near the Guatemalan mine in 2007.
The case, Blouin said, "reflects a willingness to strong-arm communities that get in its way."
A Toronto law firm has filed lawsuits against HudBay in Canada in the case because of the alleged involvement of security personnel with ties to the mine.
In a statement, HudBay spokesman John Vincic said the company had investigated the incidents and believed the allegations are groundless. He said the company will soon file a motion to dismiss the suits
Madison, WI (Northland's NewsCenter) - The Wisconsin Assembly passed AB 426, the Assembly Open-Pit Mining Bill, on a party-line vote today despite strong public opposition to the bill.
The Republican House bill designed to speed up the approval processes for of mining in the Penokee Range was debated Thursdayand voted on in the Wisconsin Assembly
AQARF closed above its 10 week moving average.
AQARF is trading within its price channel.
Monday, AQARF closed below the trigger point for the Parabolic SAR and is currently registering a bearish signal. The current Significant Point, above which a reversal to the bullish side would occur, is 0.62.
On Sunday, AQARF closed above its 13 week moving average.
The On Balance Volume indicator of AQARF shows that longer term selling pressure has given way to near term accumution.AQARF's
RSI has recently crossed above the critical value of 30 which means that the selling pressure has lessened and the internal strength of AQARF has increased.
AQARF's MACD is currently indicating a weak bullish signal. Although the MACD is trending above the signal line, the indicator is still below 0.Williams % R of AQARF has recently crossed above the critical value of -80 which suggests that the selling pressure has lessened and the internal strength of AQARF has increased. This is a positive indicator for the stock and implies that, at least in the near-term, a bottom has formed. AQARF's(DMI)
The ADX is below 20 which signifies that AQARF is not trending. Therefore the Bearish signal provided by the Directional Movement Index is not confirmed and it is too early to act solely based on this indicator.
Aquila Resources Inc. (TSX: AQA)(OTCQX: AQARF)(FRANKFURT: JM4A) ("Aquila" or the "Company) is pleased to report results from the last 12 holes of the recently completed 2011 drill program at its 100% owned Reef Gold project in Marathon County, Wisconsin. In total the Company completed 24 diamond core drill holes totaling 2,000+ meters along two profiles. Reef is part of the Company's overall strategy to develop significant new gold resources in the Great Lakes region.
The drill campaign at Reef focused on testing extensions of near surface gold mineralization south of the previously identified zones drilled by Noranda Exploration in the 1970's (see press release dated March 7, 2011). The project hosts a historic resource estimate (non 43-101 compliant) of 454,000 tonnes grading 10.6 g/t gold.
Highlighted results include:
-- 2.10 meters of 8.43 g/t gold and 0.23% copper in R11-15
-- 9.90 meters of 2.53 g/t gold and 0.20% copper in R11-17
-- Including 3.90 meters of 5.07 g/t Gold and 0.27% copper
-- 14.54 meters of 3.23 g/t gold in R11-23
-- Including 3.50 meters of 13.05 g/t gold
"The focus at Reef for 2012 is to work towards establishing a significant open pit gold resource," said President and CEO, Thomas Quigley. "Building on the positive results reported in September as well as from historical drilling by Noranda, we continue to be encouraged by the potential at Reef, which is becoming a significant component of our strategy to generate gold resources in the Great Lakes region."
The Company has commenced additional drilling at Reef with a focus on expanding recently defined mineralization and extending the continuity of new and historical data. The Company anticipates reporting the first independent NI 43-101-compliant resource estimate on the project by the end of 2012.
Results from the last 12 holes are presented in the table below:
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DDH From (m) To (m) Interval (m) Au g/t Ag g/t Cu %
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R11-13 4.27 6.00 1.73 0.58 0.30 0.01
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39.32 43.05 3.73 0.56 6.70 0.47
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DDH From (m) To (m) Interval (m) Au g/t Ag g/t Cu %
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R11-14 0.00 1.50 1.50 1.08 0.18 0.01
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33.90 37.35 3.45 1.20 0.30 0.07
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including 34.90 36.00 1.10 3.70 0.90 0.06
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DDH From (m) To (m) Interval (m) Au g/t Ag g/t Cu %
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R11-15 26.70 31.55 4.85 3.90 2.60 0.15
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including 27.20 29.30 2.10 8.43 4.35 0.23
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54.00 61.00 7.00 0.55 1.45 0.13
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DDH From (m) To (m) Interval (m) Au g/t Ag g/t Cu %
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R11-16 No significant values
DDH From (m) To (m) Interval (m) Au g/t Ag g/t Cu %
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R11-17 35.10 45.00 9.90 2.53 3.28 0.20
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including 35.10 39.00 3.90 5.07 5.26 0.27
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DDH From (m) To (m) Interval (m) Au g/t Ag g/t Cu %
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R11-18 85.00 87.35 2.35 1.08 1.96 0.21
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DDH From (m) To (m) Interval (m) Au g/t Ag g/t Cu %
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R11-19 No significant values
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R11-20 No significant values
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R11-21 No significant values
DDH From (m) To (m) Interval (m) Au g/t Ag g/t Cu %
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R11-22 0.00 2.35 2.35 1.31 0.05 0.00
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22.05 50.00 27.95 0.48 1.09 0.12
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including 22.05 23.80 1.75 4.96 1.90 0.18
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78.75 85.00 6.25 1.40 0.61 0.09
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DDH From (m) To (m) Interval (m) Au g/t Ag g/t Cu %
----------------------------------------------------------------------------
R11-23 83.00 97.54 14.54 3.23 0.31 0.05
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including 85.50 89.00 3.50 13.05 0.37 0.09
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DDH From (m) To (m) Interval (m) Au g/t Ag g/t Cu %
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R11-24 59.00 76.77 17.77 1.33 7.17 0.27
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including 69.50 76.77 7.27 2.95 16.85 0.60
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(i) Reported intervals are drill thickness and do not necessarily represent
true thickness
New maps and cross sections have been posted on the Reef Project section of our website.
About The Reef Gold Project
Located in Marathon County, Wisconsin, the Reef Gold Project is 100% owned by Aquila Resources. The Project consists of approximately 600+ acres of mineral and surface interests covering an area of gold mineralization discovered in the 1970's by Noranda Exploration. Noranda identified eight zones of high grade gold mineralization in a widely spaced, 50-hole drilling campaign, and quoted a non 43-101 compliant resource of 454,600 tonnes of 10.6 grams per ton (g/t) gold, open at depth and along strike. The focus of the Company will be on defining a larger, potentially open-pit and bulk tonnage gold resource at the project.
Drilling by Noranda encountered mineralized quartz stockwork/breccia zones ranging from approximately 1 to 12 meters thick. Aquila believes the mineral resource estimate is relevant and is based on a reliable historical report. The Company has acquired and verified Reef drill core for geological characteristics and gold content. For more information on the Reef Project, please refer to the Reef Project section on our website.
About Aquila Resources Inc.
Aquila Resources Inc. (TSX:AQA)(OTCQX:AQARF)(FRANKFURT:JM4A) is a mineral exploration Company focused on the discovery and development of high-grade base and precious metal projects in highly prospective regions of North America. The Company is rapidly expanding its presence and moving towards an interest in production on its flagship Back Forty Project through a joint venture with HudBay Minerals Inc. (TSX: HBM)(NYSE: HBM). The Company has also positioned itself for future growth by acquiring new base metal deposits under an Exploration Alliance with HudBay as well as through the acquisition of 100% owned precious metal exploration properties. Leading the way is an experienced management and technical team that have identified significant high-grade base and precious metal properties. For more information, please visit www.AquilaResources.com.
Quality Assurance and Quality Control
The core was logged and intersections were marked for sampling and assaying by geologists and geo-technicians employed by Aquila Resources. Each bagged core sample was transported to Minerals Processing Corporation's (a related party to the Company) sample prep lab in Carney, Michigan where it was dried, crushed and pulverized and a 250-gram sample was prepared and split, with one split for assaying at Inspectorate Labs in Sparks, Nevada. Strict sampling and QA/QC protocol are followed, including the insertion of standards and blanks in the sample stream on a regular basis. Sample intervals are typically 1.5 meters. Analytical method for gold is fire assay with atomic adsorption finish and gravimetric finish for samples greater than 3.0 g/t gold. All other elements are analyzed by ICP with silver over limits (greater than 200 g/t) analyzed by fire assay/gravimetric finish and base metal over limits analyzed by AAS.
Assaying integrity is monitored internally with a quality control program, which includes the use of assay sample standards, blanks, duplicates and repeats, and externally through national and international programs. This news release provides core lengths and estimates of vertical thickness only. True widths are not provided. Where metal assays are provided for intersections they are either a single assay of a sample of the entire intersection length or a composite of assays calculated from interval weighted assays over the intersection length.
Thomas O. Quigley is the Qualified Person for Aquila Resources as described in National Instrument 43-101 and is responsible for the contents of this release.
This press release contains certain forward-looking statements. In certain cases, forward-looking statements can be identified by the use of words such as "plans", "expects" or "does not anticipate", or "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such factors include, among others, risks related to international operations; risks related to joint venture operations; actual results of current exploration activities; changes in project parameters as plans continue to be refined, future prices of resources; possible variations in reserves, grade or recovery rates, accidents, labor disputes and other risks of the mining industry; and delays in obtaining governmental approvals or financing or in the completion of development or construction activities. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.
Shares Outstanding: 90,739,168
The Toronto Stock Exchange neither approves nor disapproves the information contained in this News Release.
Contacts:
Aquila Resources Inc. (Toronto)
Robin Dunbar
CFO
416-203-1404
rdunbar@aquilaresources.com
Aquila Resources Inc. (U.S.)
Thomas O. Quigley
President
906-352-4024
tquigley@aquilaresources.com
www.AquilaResources.com
I'd like to take credit, but its under stock consultant, on NASDAQ site. GLTY
CanAm Coal Corp. (TSX VENTURE:COE) (OTCQX:COECF) ("CanAm" or the "Company") held its Annual General and Special Meeting of Shareholders (the "AGM") on January 20, 2012 and is pleased to announce that all of the resolutions put forth at the AGM were approved with all resolutions receiving greater than 99% of the votes received for the resolution. The five members of the board of directors elected at the meeting are Jonathan Legg, Timothy J. Bergen, John Bergen, Robert G. Power and Timothy Nakaska. Information concerning the directors who were elected at the meeting and the matters that were approved by shareholders at the meeting can be found in CanAm's information circular dated December 9, 2011 and filed on SEDAR on December 23, 2011.
At the meeting, management also provided an investor update and the corporate presentation is posted on the Company's website at www.canamcoal.com.
The Company has changed its fiscal year end from January 31 to December 31 and therefore the current fiscal year ending December 31, 2011 will only have eleven months