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doc, ain't that the truth/eom.
news out:
Spirit Exploration Inc SPXP:OTC
Sector: Services Industry: Communications Services
1.80 0.17 10.43% 7,167 Last Trade as of 11:39 AM ET 11/30/07 Trade Add to Watchlist
Last Change / % Change Volume S&P Ranking
Set AlertsSummary News Charts Options Fundamentals Insiders Earnings Financials SEC Filings Spirit Exploration, Inc. Publishes Information and Disclosure Statement
9:50 AM ET - Market Wire
Spirit Exploration, Inc. (PINK SHEETS: SPXP) announced today that it has published on Pink Sheets News Service its "Information and Disclosure Statement pursuant to rule 15c2-11", its unaudited Consolidated Financial Statements as of September 30, 2007 and December 31, 2006, as well as an "Attorney Letter With Respect To Adequate Public Information." These documents can be reviewed at www.pinksheets.com under the symbol "SPXP." These steps will make Spirit Exploration fully compliant with pinksheets recently implemented disclosure guidelines.
Terry Fields stated, "Since my becoming CEO, I have made it my goal to keep shareholders informed as our business develops. Transparency and open information exchange are critical precursors to any sustained investor confidence. The filing of this initial Disclosure Statement and Financial Statements is an important first step in a series of steps that will culminate in complete transparency as a fully reporting company listed on a senior exchange."
About Spirit Exploration, Inc.: Spirit Exploration, Inc., a Nevada Corporation, is an early production mining company. Through its subsidiary ECUADORGOLDCORP, S.A., of which we own 99%, we are in the business of acquiring, exploring and developing mineral (gold, silver, copper) concessions in Ecuador. Spirit is in the process of bringing several mines into production. We have acquired, and we have options to acquire, a diverse range of mineral production and exploration properties in Ecuador. Included in these properties are several land packages that can easily be joint- ventured, allowing us to advance these properties with little of our own capital while still participating in the upside.
Further information is available on the company website: www.spirit-exploration.com.
Forward-Looking Statements: Certain information and statements included in this release are intended to constitute ``forward-looking statements' within the meaning of the Federal Private Securities Litigation Reform Act of 1995. Such 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 in such forward-looking statements.
Contacts: IR Contact: Goal Capital LLC Dan Gravelle (949) 481-5396 Email: Gravelle247@yahoo.com
SOURCE: Spirit Exploration, Inc.
<a href="mailto:Gravelle247@yahoo.com" target="_blank"mailto:Gravelle247@yahoo.com</a
12-18-07; 3:05p est. thank you and gla, rook
times like those just get any better! :)
well, i hardly read your post so that would count for me not knowing. china? by the way your statement still goes 2 ways!
doc!!!!!!!!! ltg!!!!!!!!!!!!! Happy Thanksgiving to all!
solloans, i see that you are still in. been on an extended thanksgiving vacation. happy thanksgiving!
been on vacation for sometime and whew...gibber, perfect timing, take a capital (gains) loss. glty
lol, like forest gump/eom.
lol, yeah no doubt. man he's a runner, started walking at about 11 months and he's fast and stealthy smart...reminds me of g.i. joe.
glad to hear about your pad. i just sold approximately 200+lbs of quince from one of my fruit trees to a local farmers mkt at .60 a lb.
going well, on Thanksgiving vacation starting tommorrow. He's doing well....had to rush him to er the other night as he fell onto some hardwood furniture and hit the bridge of his nose... he is ok. crazy day so can't post much...thanks for asking!
how's your semi-new digs?
ctb, how's it going? i have an idea...perhaps an alter ego.
man alive, fyi ~ wshaw live in the u.s./eom
lol lol... that's what lithium is for :) kinda glad i'm not a bagholder. still watching but i rather have my $'s working for me in the interm.
lol, i'm from beaumont. i hear you big time! bounce shouild be nice trading.
mjaym, you must be a texan!!!!!!!! :)
anybody ready for a bounce play?/eom.
REVISED: jacob, it could post; z = sold - out of sequence. major shake going on...eom.
nope, not yet... watching because aagh may head lower.
i hear you ms and lets see where aagh's goes hedgy.
lol, lmao pepto. everyone have a great weekend/eom
hi all, once again mkts u g l y. glta/eom.
you know i'm here :) eom
good morning all, maybe another ugly day with oil and gm in the news...
bingo. tks kyinvestor./eom
my bad, thanks stockguru, have lots of work so haven't read many post lately. does that hold true for scottrade? i haven't read up on it or called them.
REVISED W/COPIED SCREEN SHOT: good morning all. what platform do you use ms? i have scottrade elite and it allows for shorts which is fairly new. not sure if it covers the otc's as i myself have not done it, yet :)
on another note spxp currently up .20/7.55%, trying to gauge my exit and re-entry into aagh.
scott trade screen shot:
Stock Order Entry
Buy/Sell: Select Buy Sell Sell Short Buy To Cover Calculator
Shares: All Or None
Symbol: Find Symbol
Order Type: Market Limit Stop Stop Limit Trailing Stop
Limit Price: $
Stop Price: $
Trailing Stop Amount:
Trail Type: - Select - Points Percent
Duration: Today (Good until 4:00 PM ET)
i wanted to add of course this isn't a recomendation to buy this security. please conduct your own dd.
your welcome dalcindo. i hear you, and i rarely get involved with pk's too...just happened to take a flier here and there's a very good chance for this puppy to do a bit of flying tomorrow. later, rook
after hour news out:
Spirit Exploration Announces $4.8 Million Joint Venture on Maria Olivia Gold Project
MACHALA, ECUADOR--(MARKET WIRE)--Nov 5, 2007 -- Spirit Exploration, Inc. (Other OTC:SPXP.PK - News), through its wholly owned subsidiary, ECUADORGOLDCORP S.A., is pleased to announce it has signed a letter of intent with Franzosi S.A.to enter into a joint venture putting the Maria Olivia gold project into full production. Franzosi S.A., an exploration company based in Quito, Ecuador, can earn up to 50% of the project by spending approximately $4.8 million and issuing Spirit a million shares of its capital stock, representing 3% of Franzosi S.A. The Definitive Agreement shall be completed and executed on or before November 13, 2007. The Maria Olivia Project has an inferred resource of approximately 600,000 ounces of gold equivalent (43-101 compliant).
Peter Laipnieks, President of Spirit, stated, "This joint venture will accelerate our gold production plans in the Portovelo area of Ecuador. We are presently upgrading our production plant at Muluncay and are planning a major expansion there. By bringing in a joint venture partner to develop Maria Olivia, we will be adding to our gold production far faster than if we were to develop the project ourselves. Franzosi S.A. is a mining exploration company with several projects based in Ecuador and has tremendous local knowledge that should help both companies solidify and strengthen their presence in mineral rich Ecuador." Franzosi S.A. is an affiliated company of the Quri Resources group and Produelec S.A. (http://www.quriresources.com), a mining exploration company in Ecuador. Franzosi's management includes business and mining experts with vast knowledge of the local social and political environment in Ecuador.
Franzosi's President Jaime S. Gomez Moya states, "We are very happy with the relationship we are forming with Spirit Exploration; Ecuador is on the verge of unprecedented growth in the mining industry specifically in the exploration and development of precious metals, yet we are still well behind other countries in this region and forming this partnership allows us to contribute to the local economy and development of the country as a whole. We have committed our resources to the success of the Maria Olivia project and we project to invest over $5,000,000 on the joint exploration and development. We are estimating that we will increase the inferred gold resources at Maria Olivia to over 1,000,000 troy ounces. With the price of gold around $800, the return on our investment is expected to be substantial. Further, the surrounding villages acknowledge the expected influx of capital to the local economy and are eagerly anticipating this alliance between us and Spirit Exploration. We look forward to a very productive relationship."
hi all, i've been busy and have not been able to do much outside of work. nice bit of news here and looking to get back in soon on the cheap. if you're looking for a swing trade look at spxp tomorrow... perhaps you may get some more dry powder for addtional aagh. rook
out of jail out on bail and that the way it goes. welcome back solloans.
while waiting for aagh to pop, why not try to get additional $'s before accumulating more at these prices.. swing trader's dream at spxp.
nice swing trade with spxp now...
lol/eom.
han, that platform is another tool that one might utilize as part of the dd process...
do you incorporate ta, fundamentals, market news, rumor, and etc... when investing? ...or are you one dimensional?
good morning, indices looking to rebound? certainly not yet; ugly 1st half hr.
i see the indices are getting creamed due to the lower interest rates which may be undercutting the dollar. not helping the strentgh against the euro following the fed's decision, imo. commodities market in surging/hedge ~ got oil.
with that said, hoping to get back in aagh soon, gla.
lol. i'm fine w/putting my energies elsewhere... our boy is doing fine, thanks. last night we put a fro wig on and put him in the stroller and took him up and down on our street...too funny. of course his doing all the things a normal 13 mo old does. amazing :) !
what's up with you?!
hey all. sending a line to say hello/eom.