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zmr.to traded down to .21, half of where it was just a couple of months ago. Anyone accumulating or buying back shares? Unfortunately, I rode this up and all the way back down....
oil 121, gold 868, dow 12650
Looks like the Canadian markets are closed today for Victoria Day.
FMA, nsomniyak/bobwins, I figured I'd email the CEO that question. I did and received a prompt response, for which I will copy and paste below for all to read:
"Based upon our Fabie experience, we do expect an increase in capex for Magusi. Fortunately, the increase in copper prices have more than compensated. We are in the process of updating and revising these figures internally. The $3 million 3 drill program currently underway will be a factor, as will an ongoing study on mining method. What we are trying to achieve is multi-fold: Magusi into production on a relatively seamless basis in order to maintain the work force and optimize equipment usage and try to fund the development costs from Fabie cash flow. As important as the capex number is, the timing may be just as critical a consideration for us.
Regards,
First Metals, Inc.
Richard Williams
416.364.3123"
looks like firecracker19 gave his thumbs up. I guess he has a big following? From stockhouse:
"I've seen a lot of undervalued stocks in my day, but this one beats them all. Thanks to a tip from someone on this board I just bought some First Metals(FMA.TO or FSTMF). Yesterday they reported a $2.1M profit for their first month of operation after declaring commercial production. Production should be higher in April, May and June. I am expecting a second quarter profit of about $8m or about .19 per share.I thought that EZM, RNO, Lionore, Quadra and Capstone were undervalued.Quadra should have revenues of $800M with a market cap of $1.5B.Capstone should have revenues of $150M with a market cap of $350M.FMA.TO should have revenues of $100M with a market cap of $50M. This is probably the most undervalued stock I have ever seen. Whats unbelievable is that they have another mine on the way that is expected to produce copper, zinc, silver and gold. The biggest negative is a$17M loan that has a 14% interest rate. That amounts to about $2.4M in interest per year. The good news is that they have a current cash flow of more than $3M per month and they should be able to pay this loan off in a year. They should earn about .80 pretax over the next year. I don't know when I've been this excited about a stock. For more information EMail me at firecracker7445@aol.com or check the FMA stockhouse message board. JMHO This stock is easy to buy in the U.S. using the symbol FSTMF "
beigledog, my bad - I wasn't being thorough. Yes, upon closer inspection, my shares were taken away but I haven't received the cash yet. Both my accounts jumped a couple thousand overnight and I assumed it was the JLN cash payment. Instead, it was a couple of illiquid positions I have being (finally) updated by TDAmeritrade. More time to wait but our payment is coming and I wanted to acknowledge the board for bring this play to my attention....
My 249 JLN shares were cash out this morning in both my TDAmeritrade Apex and Izone accounts. Sweet! Good find guys.... specifically, KIK.
wow. good quarter for OFI. EPS of .20 vs. .06. revs. increased by $20M y/y.
Overhill Farms Announces Record Earnings and Revenues for Second Quarter
Thursday May 8, 9:15 am ET
Income Rises 263%, to 20 Cents per Share
LOS ANGELES, CA--(MARKET WIRE)--May 8, 2008 -- Overhill Farms, Inc. (AMEX:OFI - News) reported record net revenues of $66,448,000 for the second quarter ended March 30, 2008, an increase of $20,420,000 or 44% from the $46,028,000 reported for the second quarter of fiscal 2007.
Net income for the second quarter of fiscal 2008 was $3,172,000 ($0.20 per basic and diluted share) up 263% from the $875,000 ($0.06 per basic and diluted share) for the year-ago quarter.
James Rudis, Chairman and Chief Executive Officer of Overhill Farms, said, "These record results for the second quarter come at a time when the entire food industry faces exceptional challenges in the costs of ingredients, energy and logistics. We believe our strong gains in both revenues and income reflect the Company's strengths in sales, product development, production, quality control and close attention to operating margins."
Mr. Rudis added, "These strengths have resulted in us gaining significant new business from some of the leading companies in the food industry. We believe this positions us to exceed last year's double-digit revenue growth."
Gross profit margins rose to 12.7% in the second quarter of fiscal 2008 compared to 9.1% in the year-earlier period. Mr. Rudis attributed the gain to on-going improvements in manufacturing efficiencies, enhancements in financial and operational controls, and increases in sales prices to customers.
"Although ingredient costs have risen sharply over the past year and may continue to rise, most of our agreements with new and existing customers reflect the prices we expect to pay to our suppliers for raw materials during the terms of these contracts," Mr. Rudis noted.
"We believe Overhill Farms is well positioned to maintain and improve operating margins in the coming quarters," he said.
By customer category, the Company said net revenues for the second quarter from retail customers increased by $22.7 million, or 80.8%, to $50.8 million from the $28.1 million reported a year earlier. This increase was largely due to significantly higher volume of products for both a major national-brand food company and for Safeway Inc. which were launched in the year-ago quarter.
Foodservice net revenues for the most recent quarter declined by $2.7 million, or 20.1%, to $10.7 million from $13.4 million a year earlier. The decline was attributable to a softness in the foodservice industry due to a slowing economy and reduced volume from one customer. The Company believes the foodservice sector continues to represent a significant opportunity for growth.
Airline net revenues increased by $424,000, or 9.4%, to $4.9 million for the quarter, from $4.5 million a year earlier, due largely to increases in passenger travel.
For the six months ended March 30, 2008, the Company reported a net income of $4,750,000 or $0.30 per basic and diluted share, an increase of 95% from the $2,431,000 or $0.16 per basic share and $0.15 per diluted share for the year-earlier period.
Revenues for the first six months of fiscal 2008 were $123,274,000, an increase of $36,707,000 or 42% from the $86,567,000 for the first six months of fiscal 2007.
Operating income for the latest six months was $10,141,000, or 8.2% of net revenues, up from $6,263,000, or 7.2% of net revenues, for the year-earlier period.
During the quarter the Company was notified that meat used in some of its products was subject to the Hallmark/Westland Meat Packing Co. recall. Most of the meat was supplied to the Company by a customer-specified vendor, but was originally sourced from Hallmark/Westland. The Company approved the destruction of all affected product and incurred a charge of slightly more than $1 million or $0.04 per basic and diluted share. The Company believes it has recourse to recover all or part of these costs, and will record any recoveries as they occur.
Overhill Farms is a leading value-added supplier of custom high quality prepared frozen foods for branded retail, private label, foodservice and airline customers. Its product line includes entrées, plated meals, bulk-packed meal components, pastas, soups, sauces, poultry, meat and fish specialties, as well as organic and vegetarian offerings. The Company's capabilities give its customers a one-stop solution for new product development, precise replication of existing recipes, product manufacturing and packaging. Its customers include prominent nationally recognized names such as Jenny Craig, Inc., American Airlines, Inc., Safeway Inc., Pinnacle Foods Group LLC and Panda Restaurant Group, Inc.
farwest, FMA. I got this response today about the NI 43-101....
--------------------------------------------------------------
"The NI 43-101 Report will be released shortly. The exact timing could be construed as a material event, so the timing is “when it is available”.
Certain modifications to the Report have been made in the past few days to address the fact that the Report is to be “property specific” rather than ”project specific”. This has meant that further information on Magusi has been incorporated.
I hope our patience will be rewarded.
Regards,
First Metals, Inc.
Richard Williams
416.364.3123"
Zaruma Resources: New Copper Assays Continue to Expand Mineralization at Luz del Cobre
Tuesday March 25, 8:39 am ET
TORONTO, March 25 /CNW/ - Zaruma Resources Inc., (TSX-ZMR) is pleased to report that new results from drilling in the vicinity of Luz del Cobre, located in the Company's San Antonio project (Sonora, Mexico), continue to expand the copper mineralization of the Luz del Cobre ore body.
The first phase of the drill programme was completed in the Trion-Luz del Cobre area in December 2007, with very positive results on the southwest end of the Luz del Cobre ore body, and in a new discovery, Calvario, located roughly 200 metres to the northwest. A second phase of drilling to better define mineralization of the two areas began in January and was completed on February 28, 2008. Seven holes were drilled on the southwest end of Luz del Cobre and 22 holes at Calvario and between the two target areas, with a total of 2,996 metres drilled.
On the southwest end of Luz del Cobre complete assay results are available for new holes LUZ-08-55 through LUZ-08-61. Additional assay results have also been received for the 2007 holes LUZ-07-51 through LUZ-07-54, reported on January 14, 2008, now extending the mineralized intervals. Drill results for the southwest extension of Luz del Cobre are:
-------------------------------------------------------------------------
Drill True
Section Drill ID From, m. To, m. Width, m. Copper
-------------------------------------------------------------------------
50 NW LUZ-07-51(x) 50.4 72.85 18.45 0.79%
-------------------------------------------------------------------------
50 NW LUZ-07-52(x) 45.8 75.83 30.03 0.63%
-------------------------------------------------------------------------
75 NW LUZ-07-53(x) 58.8 67.06 8.26 0.99%
-------------------------------------------------------------------------
0 NW LUZ-07-54 37.2 53.35 16.15 0.86%
-------------------------------------------------------------------------
50 NW LUZ-08-55(xx) 60.47 68 5.3 0.75%
-------------------------------------------------------------------------
50 NW LUZ-08-56(xx) no significant results; northeast limit
-------------------------------------------------------------------------
0 NW LUZ-08-57(xx) 50.22 54.86 3.8 0.70%
-------------------------------------------------------------------------
0 NW LUZ-08-58(xx) 42.67 52.05 8.1 0.64%
-------------------------------------------------------------------------
25 NW LUZ-08-59(xx) 48.77 53.37 3.8 0.61%
-------------------------------------------------------------------------
25 SE LUZ-08-60(xx) Abandoned in fault zone at 31 m.
-------------------------------------------------------------------------
100 NW LUZ-08-61(xx) 64.39 81.75 15.7 1.00%
-------------------------------------------------------------------------
(x) Indicates drill holes previously reported, with additional assay data
(xx)Indicates angle drill holes, with drill section indicating collar
location
The new results have demonstrated continuation of mineralization along a north-south fault bounded block from the southwest end of Luz del Cobre. The mineralization remains open to the south, with the southernmost drill line containing potentially mineable copper mineralization over a width of around 100 metres.
At the Calvario target, complete results have been received for the first four holes of the second phase of work, which, along with the previously reported holes and the visual identification of copper and partial assay results in many of the unreported holes, strongly suggests that Calvario has the potential to add to the Luz del Cobre mineable resources. It also appears that the mineralization from Calvario, subject to confirmation by drilling, could join with that at Luz del Cobre.
Available assay results from Calvario are as follows, with the Drill Section data the same as for Luz del Cobre and the number indicating the metres to the northwest of the 0 baseline.
-------------------------------------------------------------------------
Drill True
Section Drill ID From, m. To, m. Width, m. Copper
-------------------------------------------------------------------------
425 NW LUZ-08-62 57.6 68.2 9.2 0.38%
-------------------------------------------------------------------------
450 NW LUZ-08-63 no significant results
-------------------------------------------------------------------------
400 NW LUZ-08-64 56.2 70.1 9.8 0.94%
-------------------------------------------------------------------------
400 NW LUZ-08-65 36.85 73.15 31.4 0.61%
-------------------------------------------------------------------------
Assay results for the remaining drill holes at Calvario are expected shortly, and will be reported as soon as possible. With the new data, a revised resource estimate for Luz del Cobre is planned in the second quarter of the year. It is expected that this will increase the ore reserves to be processed by the Luz del Cobre plant, currently under construction, and will extend the life of the mine beyond the estimated five to six years in the 2006 feasibility study. Production is planned at 15 million pounds of cathode copper per year from an open pit mining, heap leach, solvent extraction, electro-winning operation.
The drill results have expanded the copper mineralization at Calvario, with the limits of the body still largely undefined. The near surface oxide and supergene sulphide copper mineralization appears to occur as a blanket-type body of varying thickness, with the body currently partially tested for about 200 metres along a northwesterly axis and an open ended width of at least 100 metres.
Drilling has stopped with the completion of this planned programme. Additional drilling is anticipated in the fall, after the interpretation of all drill data, and will likely be done in conjunction with testing of additional exploration targets on the San Antonio property.
The drilling programme and evaluation is under the supervision of Geologist James E. Poulter, the "Qualified Person" as defined in NI 43-101, and is responsible for the technical information presented in this news release. Assays were prepared by Jacobs Assay Lab, Tucson, Arizona, from pulps prepared by Sonora Sample Preparations, Hermosillo, Mexico.
Zaruma Resources Inc. is listed on The Toronto and Frankfurt Stock Exchanges, (symbol: ZMR). Common shares outstanding: 115,937,247.
This News Release contains forward-looking statements which are typically preceded by, followed by or including the words "believes", "expects", "anticipates", "estimates", "intends", "plans" or similar expressions. Forward-looking statements are not guarantees of future performance as they involve risks, uncertainties and assumptions, including securing additional funding to continue its development programmes.
For further information
Zaruma Resources Inc., 20 Toronto Street, 12th Floor, Toronto ON, M5C 2B8, Canada, Fax: (416) 367-3638, service@zaruma.com, www.zaruma.com
Dr. Thomas Utter, President and CEO, Tel.: 521 662 222 0063, 52 662 210 5650, thomas.utter@zaruma.com
Frank van de Water, CFO and Secretary, Tel.: (416) 869-0772, fvandewater@on.aibn.com
UPDATE: Monsanto Boosts FY '08 EPS View Again; Shares Rally
Last update: 3/25/2008 9:13:36 AM
DOW JONES NEWSWIRES
Monsanto Co. (MON) boosted its fiscal 2008 earnings guidance for the third time in as many months, citing seed sales and gains made by its herbicide business.
Shares closed Monday at $104.26 and rose in premarket trading to $113.81.
The agribusiness giant now projects fiscal-year earnings of $3.15 to $3.25 a share, up 45 cents from last month's forecast.
It also sees fiscal second-quarter earnings of $1.75 a share, excluding a 23-cent gain related to former unit Solutia's bankruptcy. The mean estimates of analysts surveyed by Thomson Financial were for earnings of $1.35 for the quarter and $2.87 for the year.
Monsanto said seed sales are better than expected, with the segment's fiscal-year gross profit projected to grow 20%. The company also noted global demand for its Roundup brand of herbicides is "outpacing" supply. As such, it now sees gross profit there of $1.7 billion to $1.8 billion.
As a result of those gains and cost containment, Monsanto expects to reach its gross-margin target of 52% to 54% by 2010, two years ahead of schedule.
In the past year, the stock has doubled on demand for the company's hybrid corn, soybean and cotton-seed traits that help to protect crops from pests and provide greater yield.
Monsanto will hold a conference call at 9:30 a.m. EDT.
-By Kevin Kingsbury, Dow Jones Newswires; 201-938-2136; kevin.kingsbury@dowjones.com
(END) Dow Jones Newswires
J.P. Morgan Chase to buy Bear Stearns for $2 a share
By Anne Stanley
Last update: 7:16 p.m. EDT March 16, 2008
PrintPrint Email Subscribe to RSSRSS DisableDisable Live Quotes
SAN FRANCISCO (MarketWatch) -- J.P. Morgan Chase (JPM:
JPM 36.54, -1.57, -4.1%) has agreed to buy Bear Stearns [s:bsc] for $2 a share in a stock-swap deal, according to a report in the online edition of the Wall Street Journal citing people familiar with the matter. J.P. Morgan will exchange 0.05473 shares of its common stock per one share of Bear Stearns stock. Both boards have approved the transaction. The Journal reported people familiar with the discussions said all sides were pushing hard to complete an agreement before financial markets in Asia open for Monday trading. The Journal report quotes Treasury Deptartment spokeswoman Michele Davis as saying, "None of these things is done until they're done. But I think everyone's expectation is sometime in the early evening hopefully" the deal will be done. End of Story
http://www.marketwatch.com/
US listed miners seem to be trading at much higher valuations than Canadian listed stocks. It's a shame CS.TO hasn't been listed on the AMEX yet. Anyone know the status of their listing? I emailed IR a couple of months ago and was told that they were expecting to hear "soon."
US listed miners currently seem to be trading at much higher valuations than Canadian listed stocks. It's a shame CS.TO hasn't been listed on the AMEX yet. Anyone know the status of their listing? I emailed IR a couple of months ago and was told that they were expecting to hear "soon."
SOLF should be up today in sympathy with JA Solar
-----------------------------------------------
JA SOLAR 4Q NET JUMPS 34%; HIKES VIEW
Chinese solar-cell maker posts net income of $13.5 million, or 9c a share, as shares outstanding rise 36% higher. Revenue more than triples to $144.2 million. Wall Street expected EPS of 9c on revenue of $118 million. Shares gain 11% pre-market.
Actually, this ranks as the 4th largest point gain for the Dow, behind:
3/16/2000 +499.19
7/24/2002 +488.95
7/29/2002 +447.49
Nice to see the insider buys on SVLF. I was also buying today, doubling down on my position. It might take a couple of months or a couple of years for the economy to strengthen, but when it does, SVLF should be trading at a much more reasonable multiple (more than 3x earnings).
I don't know about in 2008, but historically, from 1928-2007, the S&P has averaged its best gains on Wednesdays while Mondays were the only day of the week averaging negative returns. See graph:
http://bespokeinvest.typepad.com/bespoke/2007/08/sp-500-average-.html
OT: WPCS - to those who pm'd me regarding when I received that response from the CEO, the answer is 11:56 AM EST. time (today), to be specific. He also sent me the pdf of today's revised Merriam Curhan report. I hope that answers your questions.
WPCS, the analyst might be too conservative. I asked the CEO if he was comfortable with the revised estimates. He responded:
"Yes I am. In fact, I believe that the next twelve months will be exceptional. I will announce the backlog and bid list, along with conference call details within a day or so.
Thanks...
Andy Hidalgo"
WPCS report dated 2/28/08:
WPCS International, Inc. (WPCS) Buy
Reducing 3Q08 Estimates Due to Temporary Project Delays; Expect a Rebound in 4Q08 - Backlog and Bid List Remain Robust; Maintaining Buy
• Reducing 3Q08 and FY08 estimates. The majority of our 3Q08
reduction is due to poor weather conditions in northern California during December and January, which caused projects to be delayed.
While these projects are expected to favorably impact 4Q08, our
estimates assume that the recovery takes longer than one quarter, which has lead to a slight reduction in our 4Q08 estimates. Our revised FY08 estimates are $102.8M in revenue, $9.9M in EBITDA and
EPS of $0.62.
• Adjusting FY09 estimates. We are taking the opportunity to adjust our FY09 (ends 4/30/09) estimates to $122.7M in revenue, EBITDA of $13.3M and EPS of $0.87, which reflects an anticipated continued slowdown in Sprint Nextel-related work (represents less than 5% of revenues). Our estimates do not include acquisitions and we expect WPCS to target the pubic safety, gaming, healthcare and energy vertical markets and maintain its targeted 28% gross margins.
• Valuation. Despite our estimate reduction, WPCS is trading at EVto-revenue and EBITDA ratios of 0.4x and 4.2x, respectively, and a PE of 9.2x, based on our revised FY09 estimates. Given its strong balance sheet ($11M in cash, $3.3M in notes payable, $27M in working capital and $12M in availability under its line as of 10/31/07), we expect management to continue with its accretive acquisition strategy. We would view any pullback as a buying opportunity.
Seth Potter
Managing Director
(646) 292-1458
spotter@mcfco.com
FY07A FY08E FY09E
SALES (M) Prev Prev
1Q $16.4 $21.8
2Q 17.8 28.1A
3Q 18.1 24.1
4Q 17.7 28.8
FY (Apr.) $70.0 $111.4 $102.8 $130.2 $122.7
EV/S 0.8x 0.5x 0.4x
EPS
1Q $0.16 $0.16
2Q 0.18 0.19A
3Q 0.20 0.07
4Q 0.18 0.20
FY (Apr.) $0.72 $0.90 $0.62 $1.05 $0.87
P/E 11.1x 12.9x 9.2x
WPCS International designs and
deploys wireless networks in
the US and internationally. It
provides design-build engineering
services for specialty communication
systems, which are dedicated
wireless networks for specified
applications, and for wireless infrastructure,
which encompasses
commercial cellular systems for
wireless carriers. The company
was founded in 1997 and is headquartered
in Exton, Pennsylvania.
Market Cap (M): $64
Shares Out. (M): 8.0
Float (M): 6.6
10-Day Avg. Vol.: 22,876
Institutional Ownership: 51.8%
Enterprise Value (M): $56
MCF Estimates
Market Data
Stock Performance
Company Description
Valuation (FY09E)
Key Metrics
Price: $8.01
Rating: Buy
Tangible BV/Share: $4.22
Debt/Capital: 5.6%
52-Week Range: $7.96-14.25
Debt (M): $3.3
Cash (M): $11.0
EV/Sales: 0.4x
EV/EBITDA: 4.2x
Summary
We are reducing our 3Q08 (ended 1/31/08) estimates to $24.1M in
revenue and $0.07 in EPS due to the combination of weather-related issues in California, the continuation of competitive pressures in nonwireless state business from 2Q08 and the anticipated slowdown in Sprint Nextel (S $8.95, NR) related work. Despite our estimate reduction,
we are maintaining our Buy rating based on the temporary
nature of the expected shortfall with the anticipation of a rebound in 4Q08 (ends 4/30/08) based on the company’s strong backlog and bid list ($36M and $125M, respectively, as of 10/31/07).
Investment Conclusion
Source: BigCharts.com
MERRIMAN CURHAN
FORD & CO.
520 Madison Avenue
Suite 902
New York, NY 10022
(646) 292-1457 Main
(646) 292-1466 Fax
(800) 909-7897 Trading
www.mcfco.com
NASDAQ: MERR
Member FINRA/SIPC
Please see
Important
Disclosures on the
last page of this
report.
r59: SOLF
"analyst estimates are in RMB's, the Chinese currency. The current exchange rate is about 7 to 1"
That explains was so confused by the estimates listed on Yahoo. I don't know why I even bother using Yahoo as a research tool...
SOLF in the $12's is perplexing. BofA downgrades to "sell," Lazard has SOLF at "hold," and CIBC at "sector perform," yet Yahoo Finance lists the average EPS estimates for the current quarter as $1.51, next Q $2.01, and $8.68 for FY08. Granted, these estimates haven't been adjusted downward yet by Yahoo to reflect BofA's lowering today, but there seems to be a huge disconnect between the analyst ratings vs their own EPS projections (ie forward p/e of 1.5 yet maintaining a negative/neutral rating). btw, I noticed SOLF offers Jan 2010 LEAPs, if anyone is interested. I'm watching this from the sidelines for now...
This isn't good news for the housing market:
http://bespokeinvest.typepad.com/bespoke/2008/02/mortgage-rates.html
CBMX- pretty good news for a company w/ a $50M market cap.
Fedl Court Awards CombiMatrix $31.4M In Suit Vs Insurer
>CBMXLast update: 2/13/2008 9:22:15 AMDOW JONES NEWSWIRES CombiMatrix Corp. (CBMX) said the U.S. District Court for the Central District of California issued a ruling in favor of the company and its former parent company. The Mukilteo, Wash., developer of science research products said the court awarded $31.38 million in monetary damages, to be paid by CombiMatrix's Pittsburgh insurance carrier, National Union Fire Insurance Co. CombiMatrix said the insurance company refused to defend and indemnify it under its director and officer's insurance policy with National Union. All proceeds of the lawsuit will go to CombiMatrix according to an agreement between the company and its former parent company.
"Technology P/E Ratio Back to Historical Lows"
http://bespokeinvest.typepad.com/bespoke/2008/02/technology-pe-r.html
CHLN.ob
China Housing & Land Started At Buy By Global Hunter
Last update: 2/8/2008 10:46:42 AM
(MORE TO FOLLOW) Dow Jones Newswires
February 08, 2008 10:46 ET (15:46 GMT)
Gold Resource Corporation Begins Construction, El Aguila Project, Oaxaca, Mexico
Monday February 4, 6:00 am ET
DENVER, CO--(MARKET WIRE)--Feb 4, 2008 -- Gold Resource Corporation (GRC) (OTC BB:GORO.OB - News) (Frankfurt:GIH.F - News) is pleased to report that construction of the new mine/mill access road has commenced at its El Aguila Project in the southern state of Oaxaca, Mexico. The El Aguila Project is targeting gold production the second half of 2008 subject to timely obtaining the balance of the required permits, regulatory approvals and equipment delivery schedules.
Gold Resource Corporation awarded the 6 kilometer road construction contract to Corporacion Minera Y De Construccion S.A. De C.V. of Mexico City. Corporacion Minera Y De Construccion S.A. De C.V. has been operating in Mexico since 1978 and has significant industry experience working for mining companies Goldcorp Inc., Penoles and others. GRC is pleased to have this experienced contractor for the road and for other construction and mining aspects at the El Aguila Project.
As previously announced, GRC was granted local approval by the San Pedro Totolapam Ejido (agrarian community) for the El Aguila Project and federal approval to construct the El Aguila Project mill/mine road. This early granting of approvals is a credit to our personnel in Mexico.
Gold Resource Corporation's president, William W. Reid, stated, "We are pleased to have reached this significant milestone, the start of construction at our El Aguila Project. With local and federal approval to start this road so early in the year, with an experienced contractor to build this road and with our competent and motivated personnel in Mexico we are positioning Gold Resource Corporation to emerge in the peer group of low cost producers in the second half of 2008."
About GRC
Gold Resource Corporation is a mining company focused on production and pursuing development of gold and silver projects that feature low operating costs and produce high returns on capital. The Company has 100% interest in four potential high-grade gold and silver properties in Mexico's southern state of Oaxaca. The company has 34,156,952 shares outstanding and no warrants. For more information, please visit GRC's website, located at www.Goldresourcecorp.com and read the Company's 10-KSB for an understanding of the risk factors involved.
GORO.OB
audio presentation
Feb 13, 2008 @ 10:00am
Precious Metals and Mining Forum
http://www.investorcalendar.com/IC/index.asp
Gold Resource Corporation Drills Deepest La Arista Gold to Date; 2M of 10.18 G/T Gold Within 8M of 0.63 Oz/Tonne Gold Equivalent
Thursday January 24, 6:00 am ET
DENVER, CO--(MARKET WIRE)--Jan 24, 2008 -- Gold Resource Corporation (GRC) (OTC BB:GORO.OB - News) (Frankfurt:GIH.F - News) is pleased to announce continuing high grade gold values in the deepest mineralization drilled to date at its La Arista deposit. The La Arista deposit is part of GRC's El Aguila Project in the southern state of Oaxaca, Mexico. The El Aguila Project is targeting gold production the second half of 2008 subject to timely obtaining required permits, regulatory approvals and equipment delivery schedules.
Recent drill highlights include:
Hole # 7093 (-65 deg)
-- 2 meters of 5.65 g/t gold, 353.8 g/t silver, 0.33% copper,
0.39% lead, 0.73% zinc, (or a gold equivalent* value of
15.84 g/t (0.51 oz/tonne))
-- 2 meters of 10.18 g/t gold, 282.5 g/t silver, 0.63% copper,
1.31% lead, 2.63% zinc, (or a gold equivalent* value of
23.55 g/t (0.76 oz/tonne)) within,
-- 8 meters of 4.35 g/t gold, 224.1 g/t silver, 0.37% copper,
1.65% lead, 5.28% zinc, (or a gold equivalent* value of
19.50 g/t (0.63 oz/tonne))
-- 2 meters of 5.14 g/t gold, 78.7 g/t silver, 0.83% copper,
0.88% lead, 20.72% zinc, (or a gold equivalent* value of
37.01 g/t (1.19 oz/tonne)) within,
-- 5 meters of 2.48 g/t gold, 69.2 g/t silver, 0.49% copper,
1.00% lead, 13.10% zinc, (or a gold equivalent* value of
23.59 g/t (0.76 oz/tonne))
Hole #7093 intersected mineralization an additional 50 meters below the previously deepest La Arista intercept in Hole #7088 (announced 1/14/08). La Arista mineralization now exists from the 900 meter surface elevation down to the 600 meter elevation. All assays for this hole have not yet been received but those assays reported show excellent mineralization including near the bottom of the hole. Indications of strong gold mineralization, a pickup in copper, and our highest zinc intercept to date of 32% zinc over 1 meter, all point to continuing strength of mineralization with depth. As reported earlier, this La Arista high-grade mineralization is concurrent with a geomagnetic anomaly which could mean an association with an intrusive and suggest even deeper mineralization.
Gold Resource Corporation's president, William W. Reid, stated, "We are pleased to see this La Arista mineralization continuing strong at depth, especially the vein widths of 5 meters and 8 meters. These are excellent underground mining widths."
Hole # 7093 drill results include:
Hole Angle From Interval Au Ag Cu Pb Zn AuEq AuEq
# (deg) Meters Meters g/t g/t % % % g/t oz/tonne
7093 -65 236 1 8.94 31.6 0.04 0.02 0.07 9.87 0.32
7093 -65 237 1 2.35 676.0 0.61 0.77 1.40 21.80 0.70
Average 236-238 2 5.65 353.8 0.33 0.39 0.73 15.84 0.51
7093 -65 280 1 0.30 82.9 0.11 1.98 4.65 11.23 0.36
7093 -65 281 1 1.07 173.0 0.14 3.53 13.40 27.38 0.88
7093 -65 282 1 2.36 223.0 0.33 2.61 13.15 28.71 0.92
7093 -65 283 1 11.50 418.0 0.60 1.44 2.61 27.89 0.90
7093 -65 284 1 8.86 147.0 0.65 1.17 2.64 19.20 0.62
7093 -65 285 1 1.90 122.0 0.23 0.68 1.29 7.93 0.25
7093 -65 286 1 5.21 516.0 0.36 0.77 1.55 20.61 0.66
7093 -65 287 1 3.63 111.0 0.55 0.99 2.98 13.03 0.42
Average 280-288 8 4.35 224.1 0.37 1.65 5.28 19.50 0.63
7093 -65 342 1 1.58 40.7 0.33 1.76 4.08 11.27 0.36
7093 -65 343 1 0.38 97.4 0.18 0.93 6.34 12.44 0.40
7093 -65 344 1 0.18 50.6 0.28 0.54 13.65 20.23 0.65
7093 -65 345 1 4.99 98.3 0.89 1.12 32.00 52.10 1.67
7093 -65 346 1 5.28 59.0 0.77 0.64 9.43 21.91 0.70
Average 342-347 5 2.48 69.2 0.49 1.00 13.10 23.59 0.76
*(Gold Equivalent (AuEq) using gold at $650/oz, silver at $14/oz, copper
at $3.10/lb, lead at $1.40/lb, zinc at $1.20/lb)
Assays by ALS Chemex, Vancouver, BC Canada
Gold Resource Corporation's current drill program is focusing on the La Arista high-grade veins in order to define and extend this mineralization. The La Arista veins are open both laterally and vertically.
About GRC
Gold Resource Corporation is a mining company focused on production and pursuing development of gold and silver projects that feature low operating costs and produce high returns on capital. The Company has 100% interest in four potential high-grade gold and silver properties in Mexico's southern state of Oaxaca. The company has 34,156,952 shares outstanding and no warrants. For more information, please visit GRC's website, located at www.Goldresourcecorp.com and read the Company's 10-KSB for an understanding of the risk factors involved.
NSOMNIYAK CHALLENGE:
AYSI: Great growth. Earned over .04 in Q4 (under 10 forward p/e) and indications are business continues to ramp. Seems to be a favorite w/ the board and, barring unforeseen developments, tight handed shareholders will most likely hold and buy on dips, keeping the stock price stable or higher. Don't own it personally but I like voting for the littlefish board favorite, and AYSI is it.
CHLN: China Housing and Land in the city of Xian, China. I own this personally. FY07 projected EPS of .54, '08 EPS projects at $1.21. Stock currently trades at $4.20? IR (Matt Hayden) told me they have applied for and expect to get an uplisting in the first half of 2008. I've been burned by Chinese OTCBB's so if they get on a better, more credible exchange, I'll be adding.
CNEH: Oil in China. Another head-scratcher. EPS of .08 last Q, a lot of additional production is coming on line this Q, oil in the $90's, China...yet the stock languishes at $2/share, down from the mid-$4? Any rally is sold into. Questions abound about the CEO's massive gifting of shares and the legitimacy of the numbers crunched by CNEH's 24 yr old CFO. I own some at higher prices but will not add at this point. If the numbers are real, CNEH should rise appreciably from here. Stay tuned...
DGLY: Digital Ally. MikeS has a $20 price target on this so who am I to argue? This seems like one of those sexy stocks you wish you bought but never did and watched it go to the moon while you cursed the day you bought something like CXTI instead....Not a bargain on a trailing basis but their products seem to be doing well and a few new products and a few larger contracts and DGLY could really show some great numbers and catch on with the NASDAQ trader crowd....
SVLF: Silverleaf Resorts is purely a valuation play. FY07 EPS of .72, projected EPS of .82 for FY08...and the stock trades at $3.50? Management has a long track record of meeting or beating estimates but the market must think a possible recession leaves '08 numbers vulnerable to downward revision. With the US dollar so low, and with American's insatiable appetite for R & R ever present, maybe people will seek out a domestic timeshare option instead of going abroad to pricier locales? I think the market is banking on disaster and I doubt disaster will happen to SVLF's results...we'll see.
TATTF: They own about $80 million in LIMC stock, yet TATTF's market cap is under $70 million. Not only that, TATTF (minus LIMC) runs a profitable business, has a great balance sheet, and an Isreali investment firm just purchased shares from the CEO for $20, double the current price.
Gold Resource Corporation Receives Federal Permit to Build New Mine Road at Its El Aguila Project, Oaxaca, Mexico
Thursday January 17, 6:00 am ET
DENVER, CO--(MARKET WIRE)--Jan 17, 2008 -- Gold Resource Corporation (GRC) (OTC BB:GORO.OB - News) (Frankfurt:GIH.F - News) is pleased to report that it has received the Mexican federal permit to build its new mine road for its El Aguila Project in the southern state of Oaxaca, Mexico. The El Aguila Project is targeting gold production in the second half of 2008 subject to the timely obtaining of the balance of required permits, regulatory approvals and the equipment delivery schedules.
On January 14, 2008, the United States of Mexico's Secretary of the Environment and Natural Resources granted GRC's 100% owned Mexican subsidiary, Golden Trump Resources, S.A. de C.V., federal permission to construct a new mine road for the El Aguila Project.
Gold Resource Corporation's president, William W. Reid, stated, "We are pleased to have obtained this first federal permit for the EL Aguila Project. Receiving this road permit so early in the year helps keep us on target for gold production in 2008. We have been evaluating bids from five construction companies to build this new road in anticipation of receiving this permit and will shortly award the contract. The new mine road is the first phase of the El Aguila Project's construction program."
Mr. Reid continued, "We are pleased to be entering the construction phase of our El Aguila Project. We are also encouraged by the current status of the remaining federal permits for the mill and tailings facilities and for the open pit mine which are expected in the near term. Having obtained this first federal permit, we are very excited to begin the new road construction."
About GRC
Gold Resource Corporation is a mining company focused on production and pursuing development of gold and silver projects that feature low operating costs and produce high returns on capital. The Company has 100% interest in four potential high-grade gold and silver properties in Mexico's southern state of Oaxaca. The company has 33,728,052 shares outstanding and no warrants. For more information, please visit GRC's website, located at www.Goldresourcecorp.com and read the Company's 10-KSB for an understanding of the risk factors involved.
This press release contains forward-looking statements that involve risks and uncertainties. The statements contained in this press release that are not purely historical are forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act. When used in this press release, the words "plan," "target," "anticipate," "believe," "estimate," "intend" and "expect" and similar expressions are intended to identify such forward-looking statements. Such forward-looking statements include, without limitation, the statements regarding Gold Resource Corporation's strategy, future plans for production, future expenses and costs, future liquidity and capital resources, and estimates of mineralized material. All forward-looking statements in this press release are based upon information available to Gold Resource Corporation on the date of this press release, and the company assumes no obligation to update any such forward-looking statements. Forward looking statements involve a number of risks and uncertainties, and there can be no assurance that such statements will prove to be accurate. The Company's actual results could differ materially from those discussed in this press release. In particular, there can be no assurance that commercial production at the El Aguila Project will be achieved in the time frames estimated, at the rates and costs estimated, or even at all. Factors that could cause or contribute to such differences include, but are not limited to, those discussed in the company's 10-KSB and Form SB-2 filed with the Securities and Exchange Commission.
Contact:
Contact:
Jason Reid
VP / Corporate Development
303-320-7708
http://biz.yahoo.com/iw/080117/0349466.html
The investigation probably surrounds FBOD's subprime credit card, the "Imagine Card," which is mentioned in this USA Today article from November...
http://www.usatoday.com/money/perfi/credit/2007-11-26-subprime-credit-cards_N.htm?csp=N00
recession or not, SVLF moves ahead with their plans...
Silverleaf Resorts, Inc. Announces the Grand Opening of Its First Indoor Water Park at The Villages Resort
Monday January 14, 4:30 pm ET
DALLAS--(BUSINESS WIRE)--Silverleaf Resorts, Inc. (NASDAQ: SVLF - News) today announced the grand opening of their first indoor water park at The Villages Resort in Flint, Texas, (near Tyler) which serves the Dallas/Fort Worth market.
“The opening of the indoor water park at The Villages Resort marks a significant milestone for Silverleaf Resorts, as we continue to enhance our resorts and increase our appeal to both new customers and existing members,” said Sharon K. Brayfield, President of Silverleaf Resorts.
The $10 million indoor water park is approximately 19,000 square feet and features a signature bucket dump aqua play unit, wave pool, lazy river and four indoor/outdoor tube rides. The 7,000 square foot entry building includes a food service area featuring Yum! Brands Inc. products from Pizza Hut® Express and A&W All American Food® Express, an arcade filled with the latest electronic adventures, a souvenir gift shop, and a large changing room with over 1,000 lockers.
The Villages Resort is located on the shores of Lake Palestine, a 40,000-acre lake and one of the larger water-sports playgrounds in the Southwest used for boating, swimming and other recreational activities. Members have private access to the lake and three swimming pools, as well as a miniature golf course, lighted tennis courts, an archery range, softball field, and horseback riding.
In December, Silverleaf opened the new Beach Club section of The Villages Resort which will be sold exclusively as an upgrade product to existing Silverleaf owners. The amenities are scheduled for completion in the first quarter of 2008. Once fully developed, it will contain approximately 144 units.
About Silverleaf Resorts
Based in Dallas, Texas, Silverleaf Resorts, Inc. currently owns and operates timeshare resorts with a wide array of country club-like amenities, such as golf, clubhouses, swimming, tennis, boating, and many organized activities for children and adults. For additional information, please visit www.silverleafresorts.com.
I guess someone leaked the memo that I was going to choose DYII for the PSL8?
Looks like CS.TO is running like a well-oiled machine.
--------------------------------------------
Capstone Highlights Production and Sales for the Four Months Ended December 31, 2007
Thursday January 10, 7:00 am ET
VANCOUVER, BRITISH COLUMBIA--(MARKET WIRE)--Jan 10, 2008 -- Capstone Mining Corp. ("Capstone") (Toronto:CS.TO - News) changed its fiscal year end from August 31 to December 31 and will be filing its audited four month stub period ending December 31, 2007 in March 2008. Capstone will not be reporting quarterly financials as at November 30, 2007. Therefore, Capstone is pleased to report production and sales results for the four months ended December 31, 2007 from its Cozamin mine located in Zacatecas State, Mexico.
With the expansion from 1,000 tpd to 2,200 tpd completed, the Cozamin mine produced 260,378 tonnes during the four months ended December 31, 2007 compared with 461,933 for the entire fiscal year ended August 31, 2007. On an annualized basis this would result in 780,000 tonnes being produced (a target we expect to meet or exceed), a 69% increase over the previous year. Copper production during the four months ended December 31, 2007 was 9 million lbs compared with 13.9 million lbs for the entire fiscal year ended August 31, 2007. On an annualized basis this would result in 27 million lbs of copper being produced, a 94% increase over the previous year.
See table below for summarized results.
PRODUCTION AND SALES FOR THE FOUR MONTHS ENDED DECEMBER 31, 2007
With comparative of previous fiscal year ended August 31, 2007
(all figures unaudited, unless noted)
--------------------------------------------------------------------------
Sept '06
Total to Aug '07
Sept '07 Oct '07 Nov '07 Dec '07 4 months (audited)
--------------------------------------------------------------------------
--------------------------------------------------------------------------
Milled tonnes 59,300 63,573 71,335 66,170 260,378 461,933
--------------------------------------------------------------------------
Copper Produced (lbs) 2.0M 1.9M 2.3M 2.8M 9.0M 13.9M
--------------------------------------------------------------------------
Copper Sales (lbs) 2.8M 3.2M 1.3M 1.3M 8.6M 11.8M
--------------------------------------------------------------------------
--------------------------------------------------------------------------
Zinc Produced (lbs) 0.6M 0.7M 0.7M 0.5M 2.5M 6.8M
--------------------------------------------------------------------------
Zinc Sales (lbs) 1.4M Nil Nil Nil 1.4M 5.0M
--------------------------------------------------------------------------
--------------------------------------------------------------------------
Lead Produced (lbs) 0.3M 0.4M 0.5M 0.4M 1.6M 3.0M
--------------------------------------------------------------------------
Lead Sales (lbs) 0.6M Nil Nil 0.9M 1.5M 2.8M
--------------------------------------------------------------------------
Note: Audited results for the 4 months ended December 31, 2007 will be
reported in March 2008.
NORMAL COURSE ISSUER BID
Further to the news releases dated July 12, 2007 and October 11, 2007 Capstone has purchased an additional 815,500 common shares at an average price of $2.76 per share. The shares have been returned to the transfer agent and subsequently cancelled. Capstone has 81,442,515 shares outstanding after the cancellation of the above share purchases.
ABOUT CAPSTONE
Capstone is a Canadian based mining company currently operating the 100% owned Cozamin copper-silver-lead-zinc mine located in Zacatecas State, Mexico. Capstone has approximately 81.4 million shares outstanding and is well financed with no bank debt. More information is available online at: www.capstonemining.com
This press release contains "forward-looking information" that is based on Capstone's current expectations, estimates, forecasts and projections. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause Capstone's actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information. Such factors include, but are not limited to: projected sales or production rates; uncertainties related to drilling results; the ability to raise sufficient capital to fund exploration; changes in economic conditions or financial markets; changes in prices for costs; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; technological or operational difficulties or inability to obtain permits encountered in connection with exploration activities; and labor relations matters.
This list is not exhaustive of the factors that may affect our forward-looking information. These and other factors should be considered carefully and readers should not place undue reliance on such forward-looking information. Capstone disclaims any intention or obligation to update or revise forward-looking information, whether as a result of new information, future events or otherwise.
Contact:
Contacts:
Capstone Mining Corp.
Chris Tomanik
(604) 684-8894
Email: ctomanik@capstonemining.com
Capstone Mining Corp.
Mark Patchett
(604) 684-8894
(604) 688-2180 (FAX)
Email: mpatchett@capstonemining.com
Website: http://www.capstonemining.com
Found this article on CSGS, which highlights the bull case as well some risks:
http://www.thestreet.com/p/_yahoo/rmoney/investing/10393437.html?cm_ven=YAHOO&cm_cat=PREMIUM&cm_ite=003190
r59, bought some HRT at $6.10. Approaching book value, p/e @ 10, solid balance sheet, 18 consecutive Q's of y/y rev. growth. Sounds like last Q's slight earnings decline can be attributed to increased R & D, sales & marketing, and capital equipment costs, which the CEO claimed was temporary and would yield increased profitablity. Looks like a good risk/reward here, now that HRT is off its Feb. '07 high of $33!
The Nasdaq is down 14.64% from highs made on 10/31/07. Another 153 points down (to 2,287) and it will officially be a 20% bear market.
CXPO production in Q3 averaged 50,320 mcfe/day
Q4 production averaged 49,500 mcfe/day
2008 est. production between 45,000 and 50,000 mcfe/day
I guess people expecting production to ramp from Q3 on are disappointed...?