added another gold mine today CGFIA mining sectors seem to be the best buys now, the green companys are haveing to much trouble getting off the ground
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U.S. recession would dampen metals demand, exacerbate mining risk
A downturn in the U.S. economy could mean bad news for U.S. mining and metals producers, Standard & Poor's cautions, especially if a recession hurt domestic metals demand.
Author: Dorothy Kosich
Posted: Tuesday , 12 Feb 2008
RENO, NV -
Standard & Poor's warned Monday that the "single biggest risk U.S. metals and mining companies will face in the next several months is the prospect for a downturn in the U.S. economy that materially dampens demand for metals."
Meanwhile, S&P credit analysts Marie Shmaruk advised that financial performance is unlikely to be consistent across the sector.
"Although a prolonged recession could hurt both global producers and mining companies in every region, we expect, given our current economic forecast, that the companies this would hit hardest would be those whose sales are concentrated in the U.S. market," she said. "Thus far, the slumping U.S. economy has predominantly hurt sector players with significant exposure to auto manufacturers and residential construction. With nearly 50% of all aluminum output used in transportation, building, and construction, aluminum prices and volumes have softened, resulting in declining performance in the North American extrusion and non-can sheet business."
http://www.mineweb.com/mineweb/view/mineweb/en/page67?oid=46582&sn=Detail
buy the rumor sell the news waiting for the rumors to start and then a pr and sell if you want I personaly feel we will go much highier so I will be hold for a long run with a few bumps to add more
posted by designerportfolio
http://investorshub.advfn.com/boards/read_msg.asp?message_id=26757936
I'm with you lets ride this one, juniors alway lag but when they go they really go
'THINGS ARE GOING TO GET TIGHTER'
Another record high for platinum on supply constraints
Platinum set another new high for the ninth consecutive trading day today. Prices have now risen 30 percent in three weeks as the supply deficit could reach 400,000 ounces this year.
Author: Atul Prakash
Posted: Tuesday , 12 Feb 2008
LONDON (Reuters) -
Platinum hit a record high for the ninth straight trading day on Tuesday as concerns deepened over output losses in top producer South Africa due to a power crisis, analysts said.
Gold fell as much as 1 percent as the dollar gained ground versus the euro after Warren Buffett told CNBC television that he had offered to take over the liabilities of monoline bond insurers. But the metal later pared losses.
Platinum rose to a high of $1,965 an ounce before falling to $1,943/1,950 by 1550 GMT, against $1,933/1,941 in New York late on Monday.
"You know that platinum demand is increasing on the back of emission controls and you know that supplies are going to be squeezed. So it just makes sense to be long in this market," said Johannesburg-based Walter De Wet, analyst at Standard Bank.
"There might be slight over-reaction as everybody is on the bandwagon because of the recent price rise, but there is also some realisation that things are going to get tighter. We believe that the bias is on the upside."
Platinum's rally, which has sent prices up 30 percent in just three weeks, gained pace after Anglo Platinum, the world's biggest producer, said on Monday the power problem alone would cut output by as much as 120,000 ounces in 2008. It had already cost 30,000 ounces in lost output this year.
Northam Platinum said on Tuesday its production fell 16.5 percent to 150,755 ounces the July-December period of 2007 from a year earlier and saw its output at the same level in the next six months, provided mines got 90 percent power.
The market nervously awaits financial results of Impala Platinum, the world's second-biggest producer of the metal, on Thursday for more cues on total production losses.
"It's a chronic problem. It has been a deficit market for many years and it looks like it has returned to a significant deficit market again," said David Holmes, director of metals sales at Dresdner Kleinwort Investment Bank.
http://www.mineweb.com/mineweb/view/mineweb/en/page35?oid=46665&sn=Detail
when shrot intrest makes a jump alot of times the stock runs after they shake out any stops or weak holders they will start covering shorts and going long we are long over due for a run up IMO good trading to you
short intrest has doubled its a shake out to make a run
http://www.bloomberg.com/apps/news?pid=conewsstory&refer=conews&tkr=ABVG:US&sid=aJpJNFchulVA
ABV Gold Inc. Is Pleased to Announce an Agreement Has Been
ABV Gold Inc. Is Pleased to Announce an Agreement Has Been Signed for the Acquisition of a Major Forestry Project in the Republic of Khakassya, Russia
MONTREAL -- (MARKET WIRE) -- 02/08/08 -- ABV Gold Inc. (PINKSHEETS: ABVG) (FRANKFURT: AB8), a gold and other precious metals mining company, is pleased to announce an agreement has been signed for the acquisition of a major forestry project in the Republic of Khakassya, Russia. The LOI has been signed with Narrow Galaxy Inc.
The project calls for the exploitation of 14 million cubic meters of wood on 175 thousand hectares of woodlands. This figure is calculated by North American standards @ $10 per cubic meter multiplied by the confirmed 14 million cubic meters of wood on the property resulting in an asset value of $140 million USD. Narrow Galaxy Inc.'s concession was signed 17-10-2006, under document number N1124, in the Republic of Khakassya, Russia. The concession is for a period of 49 years.
Narrow Galaxy Inc. is in negotiations to purchase a sawmill operation located in Quebec, Canada. This sawmill facility is being purchased from a major Canadian forestry concern and is slated to be relocated to Khakassya, Russia. This sawmill is presently milling 125,000 MFBM (million board feet ) per year @ an estimated cost of $298.07 per thousand board feet. Narrow Galaxy Inc. estimates the relocated sawmill equipment will mill the same amount of wood at a cost of $101.92 per thousand board feet. The company expects a sale price of $185 per cubic meter in first 24 months of operation based on North American sales price forecasted for 2009 by RISI North American Lumber ( http://www.risiinfo.com/ ). This sale price would result in first year gross revenues of $43 million USD and EBITDA of $27 million USD.
Narrow Galaxy Inc. anticipates having its financing in plan in the next 45 days to carry out its business plan. Narrow Galaxy Inc. and ABV Gold Inc. plan to update the market on a timely basis on issues relating to the sawmill project including management changes, funding, production schedule and export contracts.
"This forestry project was brought to out attention by Narrow Galaxy Inc. when they brought our initial gold deal in Khakassya, Russia," said Daniel Ryan, CEO of ABV Gold Inc." As shareholders will recall, we press released an acquisition of a gold property in Russia on September 24, 2007. Acquiring this project, which lies in close proximity to our gold project, was a natural fit. ABV Gold Inc. will move quickly to spin-out this new project in a new public entity to be called ABV Resources Inc. This new entity will be traded on the pinksheets. This process will begin next week. ABV Resources Inc. will have a separate board, management team and financing arrangements. The plan calls for a one for one dividend of shares in the ABV Resources Inc. for every shareholder of ABV Gold Inc. The company will address a schedule for the spin-out in the coming two weeks."
Furthermore, Mr. Ryan stated, "Shareholders can also expect more management and board of director changes for ABV Gold Inc. The company is in the midst of negotiations on several business ventures. I was brought in to structure a viable business profile for the company and we are close to completion. I think shareholder patience could be rewarded in short order. I will be handing over the reins of the company to the new management group as soon as everything has been finalized. We have gone out of our way to focus on the long term and we expect that real value will finally be realized. The spin-out and re-org of ABV Gold Inc. should be well received by the market once it is completed."
NOTE:
Narrow Galaxy's Russian office is located at Russia Moscow 105 120 St.Segea Rodonazhkogo, Building 6, Unit 12.
Important Information About Forward-Looking Statements
All statements in this news release that are other than statements of historical facts are forward-looking statements, which contain our current expectations about our future results. Forward-looking statements involve numerous risks and uncertainties. We have attempted to identify any forward- looking statements by using words such as "anticipates," "believes," "could," "expects," "intends," "may," "should" and other similar expressions. Although we believe that the expectations reflected in all of our forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct.
A number of factors may affect our future results and may cause those results to differ materially from those indicated in any forward-looking statements made by us or on our behalf. Such factors include our limited operating history; our need for significant capital to finance internal growth as well as strategic acquisitions; our ability to attract and retain key employees and strategic partners; our ability to achieve and maintain profitability; fluctuations in the trading
Contact: Daniel Ryan President dryan@abvgoldinc.com 1-514-448-2193
Dale Baeten dale@midweststockconsultingllc.com 1-920-418-0153
Last Updated: February 8, 2008 16:27 EST
ABV Gold Inc. Reports on the Closing of the Purchase of a
ABV Gold Inc. Reports on the Closing of the Purchase of a Mining Interest From Red Tarmac Inc.
MONTREAL -- (MARKET WIRE) -- 02/11/08 -- ABV Gold (PINKSHEETS: ABVG) (FRANKFURT: AB8), a gold and other precious metals mining company, is pleased to announce that it has scheduled a closing on February 22, 2008, for the acquisition of a mining interest from Red Tarmac Inc. Representatives of ABV Gold Inc. will be in Europe on that date to close with Red Tarmac Inc. This acquisition was announced as an LOI on January 18, 2008.
"We are pleased that our deal with Red Tarmac Inc. is scheduled to close on time. The working interest of 12% in this mine represents a value of $396 million for ABV Gold Inc. shareholders. The mine has enormous reserves and should prove to be a great long-term investment. The project is going to be a centerpiece for ABV Gold Inc. Shareholders can expect more updates in a timely manner," said Daniel Ryan, CEO of ABV Gold Inc.
Important Information About Forward-Looking Statements
All statements in this news release, that are other than statements of historical facts, are forward-looking statements, which contain our current expectations about our future results. Forward-looking statements involve numerous risks and uncertainties. We have attempted to identify any forward-looking statements by using words such as "anticipates," "believes," "could," "expects," "intends," "may," "should" and other similar expressions. Although we believe that the expectations reflected in all of our forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct.
A number of factors may affect our future results and may cause those results to differ materially from those indicated in any forward-looking statements made by us or on our behalf. Such factors include our limited operating history; our need for significant capital to finance internal growth as well as strategic acquisitions; our ability to attract and retain key employees and strategic partners; our ability to achieve and maintain profitability; fluctuations in the trading price and volume of our stock; competition from other providers of similar products and services; and other events and conditions.
Contacts: Daniel Ryan President dryan@abvgoldinc.com 1-514-448-2193
Dale Baeten dale@midweststockconsultingllc.com 1-920-418-0153
Last Updated: February 11, 2008 10:55 EST
I agree no one has dic proved mineweb yet with any facts
its gold then timber now road materials, and there buying into a billion $$ company (RIGHT)
Tarmac’s diverse product portfolio includes an unrivalled range of construction materials including:
asphalts
concretes
mortars
aggregates
cement
chemical and industrial limestone
agricultural lime
specialist road surfacing
sand products for recreational use
precast concrete structures
concrete blocks
paving and flooring products
The company currently operates more than 600 quarries, sand and gravel operations and manufacturing units spanning the UK, Europe, Middle East and China. In Europe, Tarmac operates in France, Belgium, Spain, Germany, the Czech Republic and Poland.
what do they make shoes or bikes? this red T does not show anyy where
good post thanks
I'm in and ready to ride! I have not found any neg for the metals we are mining it should heat up pretty fast
http://www.mineweb.com/mineweb/view/mineweb/en/page35?oid=46489&sn=Detail
PALLADIUM ON THE MOVE TOO
Platinum continues to record new highs on supply concerns
The steady rise in platinum group metals prices continues following supply disruptions in South Africa which accounts for around 80 percent of new mine production.
Author: Lewa Pardomuan
Posted: Monday , 11 Feb 2008
SINGAPORE (Reuters) -
Platinum hit another record high on Monday on lingering supply concerns in South Africa, which produces four-fifths of the world's supply of the metal, while gold firmed near an historic high.
Platinum has gained nearly 25 percent so far this year after power shortages disrupted mining in South Africa, triggering worries about a bigger market deficit for 2008. The metal is used in jewellery and auto catalysts to clean exhaust fumes.
Platinum hit a bid high of $1,887 an ounce, up from $1,880/1,888 late in New York on Friday, lifting sister metal palladium to its highest in six years.
http://www.mineweb.com/mineweb/view/mineweb/en/page35?oid=46404&sn=Detail
So, the net result is that the current platinum supply squeeze is likely to continue well into the next decade and prices could still have a good run ahead of them. Predictions of $2,000 platinum are thus far from the lunatic fringe and there could be a runup well beyond that level before supply gets anywhere near catching up with demand unless substitution advances far faster than it has been doing in some key usage sectors. That there is likely to be a further substitution push, though, is helping the palladium price to move upwards as this is the most likely beneficiary, although palladium is not as vulnerable to South African supply shortfalls. But even substitution is a long term element - it can't happen overnight.
http://www.bloomberg.com/apps/news?pid=conewsstory&refer=conews&tkr=SLGLF:US&sid=ac1B8MwJ3UW8
Profiting from Recession: How Much Money Did You Make in the
1980 Gold Rush?
VANCOUVER, Feb. 7 /CNW/ - (Silverado - OTCBB: SLGLF/Frankfurt : SLGL). Silverado Gold Mines Ltd. is preparing to make public the independently produced, NI 43-101 compliant, Buntzen Report. This professional assessment of Silverado's exploration activities and resources is of keen interest to market watchers and investors. The report will be posted on Silverado's website shortly (www.silverado.com). Highlights will be featured in subsequent Press Releases and Investor Newsletters.
"We are very excited about the Buntzen Report," states Garry L Anselmo, President and CEO of Silverado. "It will provide the investment community with an independent snapshot of what Silverado has achieved in exploring for, and identifying gold and antimony deposits, and what these findings represent, as gains for Silverado for the year 2007. And, it couldn't come at a better time for gold, and mining stocks. Experts are predicting that history may be repeating itself."
Between 1975 and 1980, gold prices skyrocketed from $180, and peaking at $840. Mining stocks rose astronomically. For example, "Lion Mines traded at $0.07 in 1975, and $380.00 in 1980. If you bought 10,000 shares in 1975 for about $700, it would have netted you a profit of $3,799,300 in January of 1980....Rest assured that before this bull market in precious metals is over, there will be similar front page stories around the world..."
- '21st Century Gold Rush Update', Aubie Baltin, CFP, CTA, PhD
Silverado Gold Mines Ltd. was trading in excess of $10 during that heyday period, up from $0.10. This represented an increase of 100 times the Silverado share price.
"Buying gold is no longer advisable...It's a must. Gold, simply put, is under- valued, under-owned, and under-appreciated...when it comes to the lightly- covered junior mining sector...these companies give investors massive leverage to the price of the underlying commodity...most of these companies don't actually mine these metals. Instead, they actively explore for the ore, often selling their discoveries for huge sums."
- 'Gold Forecast for 2008', Gold World, Feb 6/08
"The world's biggest gold producers won't be able to sustain
by the time we see the news its old and hsa been traded out the moves uo that we have had was what the pr gave to those who trade by the news when a pr comes out sell the spike (sell the news) buy back when everyone is selling the news good news always leaks
I sent a letter to mine web asking for a response to this lastest pr waiting to here from them I don't know J H so I just ask mine web
Q: Many exploration companies sit idle in terms of pricing and have negative price-to-earnings ratios... How does one go about ascertaining quality? – K.M.
A: Did you ever hear that saying "A boat is a hole in the water where you throw money"? Well, the same can be true for exploration companies... only it takes a whole lot more money to keep them afloat.
But I've come up with a few criteria that you can use to find quality investments: people, finances, projects, and "endgame."
An exploration company's most important asset is its people. Look for a management team of experienced geologists, folks with 15 or 20 years and some discoveries to their credit. I hate to see a board made up of six or seven bankers or financiers... That's a huge red flag. If you don't like the people, walk away.
Evaluating finances can be tough. As you noted, most of these exploration companies have no earnings. Instead, they generate cash by issuing shares. So you need to ask about the burn rate and cash on hand... The burn rate is how fast the company spends money (to keep the lights on at the office, to continue exploring, etc.) If the annual burn rate exceeds cash on hand – how much money the company has in the bank – then walk away.
The hook for every exploration company is its projects... the stories investor relations twists into fairy tales of wealth. These are the trickiest part of the company to analyze, and it helps to have an expert. But two simple things to consider are how many projects the company has and how far they are from roads, electricity, water, people, etc. If a deposit is somewhere north of the Arctic Circle or accessible only by dugout canoe, chances are it won't become a mine in our lifetime. And if a company only has one project, walk away.
A mine is our endgame. We are not treasure hunting here. We want a reasonable chance to make a buck on the stock. That means the company must either develop the project into a mine or continue to find new discoveries to sell to the majors. If it can't do that, then walk away.
http://www.growthstockwire.com/index.asp
Copper prices expected to fall over next four years
Copper prices will fall over the next four years due to weaker demand from the construction and electronics markets in the U.S., according to a Fortis Bank analyst.
Author: James Macharia
Posted: Tuesday , 05 Feb 2008
CAPE TOWN (Reuters) -
Copper prices will soften over the next four years due to weaker construction and electronic goods demand from the U.S. as a recession looms, and a cutback in demand from China, a Fortis Bank analyst said on Monday.
The copper price is expected to trade between $4,500 to $6,500 per tonne between 2008 and 2012, Robin Baskin of the metal marketing department at Fortis said.
The reduced prices would, however, be much higher than the $1,500 a tonne price for copper seen in 2001. Since then, copper prices have shot up as China's economy grew and speculative investors pumped money into the base metal, Baskin said.
During the leaner four-year period ahead, copper prices would be weakest in 2008 and 2009, and recover thereafter buoyed by China, she told the Mining Indaba, a global mining conference in Cape being held in Town this week.
"The next two years will be tougher on copper than the last two years. With the U.S. going into a recession, there will be a slowdown in demand from the housing, construction and electronics sectors," Baskin said.
"China is not immune to external factors," she added, citing a slowing United States economy as affecting exports from resource-hungry China.
Mounting U.S. economic problems, including high energy costs, have prompted analysts to predict the country is headed into a recession. The U.S. Federal Reserve cut interest rates aggressively again last week, trying to stoke the economy, and politicians are scrambling to enact a stimulus package worth around $150 billion to ward off the economic downturn.
Analysts say record mortgage foreclosures, a steep drop-off in residential construction and financial market turmoil have economists warning growth has stalled or begun to contract.
"Base metals tend to fall in recessions," Baskin said.
Copper prices firmed on Monday on signs of stronger demand and as the market fretted about supply disruptions in China.
Copper for delivery in three months on the London Metal Exchange traded at $7,290 a tonne in official rings, from $7,250 on Friday, when the metal used widely in the power and construction industries hit a two-week high of $7,389.
China's own plans to curb inflation in order to prevent its economy from over-heating, would also hurt copper prices in the near-term, but this decline in growth would be muted.
Baskin said China's role as a major buyer of the commodity -- the most important source of new copper demand than the U.S. -- would stave off a bruising decline of copper prices, and cause a rebound as from 2010 to 2012.
"China, which is particularly copper-friendly will continue to grow, but slower," Baskin said.
"China is a bigger factor now more than the U.S. in supporting copper prices."
Supply for copper would grow in 2008, but would face labour strikes, safety and technology handicaps, she said. (Editing by Michael Roddy)
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TOP STORIESCHINALCO SHARES SLIDE
Will Chinalco and Alcoa counter BHPB bid for Rio Tinto?
Wednesday , 06 Feb 2008
As BHP Billiton officially formalized its hostile takeover bid for Rio Tinto Wednesday, Chinalco and Alcoa could either chose to submit a counterbid, join a consortium with BHP, or walk away.
Citigroup boosts 2008-10 gold forecasts to $900-1000/oz
BHP Billiton launches formal $147.4b hostile Rio Tinto takeover
PNG Government entity buys Tolukuma mine
Cloudy platinum stocks
As gold bullion corrects, gold stocks stress
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Centerra shares hit by fresh Kyrgyz uncertainty
RECORD RESULTS FOR IRON ORE AND MANGANESE
BHP Billiton H1 net profit falls 2.4%
DIVERSIFYING AWAY FROM DIAMONDS
Angola flaunts iron ore potential to investors
MINING INDABA
Companies urged to improve relations with small-scale miners
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South Africa pushes ahead with mining rights deadline Select a region below NEWS BY REGION
you two need to cut the bickering I like what both bring to this board if you can't get along ingor each other and post info for the rest godd trading to you both and amazingkarma I like your web site looking forward to more
this should be going up in MHO I wonder whats holding it down any one know
its been holding up steady all day
I hear you I was thinking at the time getting in on trading with russia just getting into trading with the U S so I stayed in longer to see if the bugs would get worked out but it seems to be riff with rot. I will see this one to the end though as a learning expernce my other ones listed in my profile on going much better good tranding to you
when abv became tied to aurc is when I started watching abv I am in aurc my first russan stock and may be the last I have never seen so much info get twested and mauled as thes two, it will be quiet a learning lesson and a lot to write about what not to do the next round. good trading to you mush
I don't think its naked shorting it's people getting out.
ABV Gold Inc. $
ABVG
Short Interest (Shares Short) 411,600
Days To Cover (Short Interest Ratio) 0.2
Short Percent of Float %
Short Interest - Prior 611,100
Short % Increase / Decrease -32.65 %
Short Squeeze Ranking™
% From 52-Wk High ($ 0.25 ) %
% From 52-Wk Low ($ 0.00 ) %
% From 200-Day MA ($ 0.04 ) %
% From 50-Day MA ($ 0.02 ) %
Price % Change (52-Week) -81.70 %
Shares Float
Total Shares Outstanding
% Owned by Insiders %
% Owned by Institutions %
Market Cap.
Trading Volume - Today 2,100,100
Trading Volume - Average 2,633,800
Trading Volume - Today vs. Average 79.74 %
Earnings Per Share
PE Ratio
Record Date 2008-JanB
Sector
Industry
AURELIO ANNOUNCES MANAGEMENT CHANGES
LITTLETON, COLORADO, January 31, 2008 News Release #08-03
Aurelio Resource Corporation (OTCBB: AULO, Frankfurt: F3RA) is pleased to announce that David Stafford Johnson, Esq. has been appointed Executive Chairman of the Company, replacing Dr. Frederik W. Warnaars. Dr. Warnaars, one of the Company's founders, has stepped down as Chairman, but will remain a Director.
Surveying of the extensive land position at the Hill Copper-Zinc Project being acquired from the Rae family (see news release dated August 15, 2007) has been completed and final closing and transfer of title is anticipated to occur within the next two weeks.
The Board has also unanimously adopted a Shareholder Rights Plan, subject to the approval by shareholders at the Company's next Annual Meeting. The Shareholder Rights Plan is designed to protect all shareholders of the Company against potential acquirers who may pursue coercive or unfair tactics aimed at gaining control of the Company without paying all shareholders of the Company a full and fair price. The Company will file a copy of the Shareholder Rights Plan with the Securities and Exchange Commission and this will be accessible via the EDGAR database at www.sec.gov. The Shareholder Rights Plan will also be posted on the Company's website.
About The Company
Aurelio Resource Corporation is a mineral exploration company focused on fast-track development of its wholly-owned Hill Copper-Zinc Project, which contains a number of potentially low-cost, bulk-tonnage, open-pit-mineable deposits close to the surface containing significant amounts of copper, zinc, silver and gold. The Company recently announced an independent estimate of the mineralized material at the MAN Area of the Project totaling 63.8 million tons at an average grade of 0.56% copper-equivalent. Aurelio has also acquired the rights to explore, and an option to purchase, the Gavilanes gold porphyry deposit in Durango, Mexico.
On behalf of the Board of Directors of Aurelio Resource Corporation
Contacts:
Stephen Doppler Diane Dudley
President & CEO Investor Relations
303-795-3030 303-945-7273 (direct)
800-803-1371 303-945-7270 (fax)
more people add to the team that is usually good news need to do some DD and find out more on the new guy good trading
James444ct I think this one is grtting thinner I keep looking for a place to pick up some but I my have to put this one on the back burnner to simmer for a while
if it goes bad then I have something to write about to my self on what I did wrong in this trade if it goes up then I get to go out and treat my self for makeing a good trade so no matter wich way I will have gained a learning experance of what to do or not to do best trading to you
I'm with you DOS well stated, I'm in it for the run before us
for a turn around shouldn't the price open low than the day befor and then close higher than the previous day to indacate a reversal in price action? or maybe a gap down and close high for the day the slow moving avg is still above the fast avg showing lower price action. So I was wondering where you see things turning around, always intersting in a new interpation of chart reading.
Aurelio Announces Management Changes
LITTLETON, Colo.--(BUSINESS WIRE)--January 31, 2008 Aurelio Resource Corporation (OTCBB:AULO) (FWB:F3RA) is pleased to announce that David Stafford Johnson, Esq. has been appointed Executive Chairman of the Company, replacing Dr. Frederik W. Warnaars. Dr. Warnaars, one of the Company's founders, has stepped down as Chairman, but will remain a Director.
Surveying of the extensive land position at the Hill Copper-Zinc Project being acquired from the Rae family (see news release dated August 15, 2007) has been completed and final closing and transfer of title is anticipated to occur within the next two weeks.
The Board has also unanimously adopted a Shareholder Rights Plan, subject to the approval by shareholders at the Company's next Annual Meeting. The Shareholder Rights Plan is designed to protect all shareholders of the Company against potential acquirers who may pursue coercive or unfair tactics aimed at gaining control of the Company without paying all shareholders of the Company a full and fair price. The Company will file a copy of the Shareholder Rights Plan with the Securities and Exchange Commission and this will be accessible via the EDGAR database at www.sec.gov. The Shareholder Rights Plan will also be posted on the Company's website.
About The Company
Aurelio Resource Corporation is a mineral exploration company focused on fast-track development of its wholly-owned Hill Copper-Zinc Project, which contains a number of potentially low-cost, bulk-tonnage, open-pit-mineable deposits close to the surface containing significant amounts of copper, zinc, silver and gold. The Company recently announced an independent estimate of the mineralized material at the MAN Area of the Project totaling 63.8 million tons at an average grade of 0.56% copper-equivalent. Aurelio has also acquired the rights to explore, and an option to purchase, the Gavilanes gold porphyry deposit in Durango, Mexico.
For additional information, please visit our website (www.AurelioResource.com) and/or send an email to DianeD@AurelioResource.com .
Legal Notice Regarding Forward Looking Statements
Statements in this news release that are not historical are forward-looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "aims", "potential", "goal", "objective", "prospective", and similar expressions, or that events or conditions "will" , "would", "may", "can", "could" or "should" occur. Information inferred from the interpretation of drilling results and information concerning mineral resource estimates may also be deemed to be forward looking statements, as it constitutes a prediction of what might be found to be present when and if a project is actually developed. Forward-looking statements in this news release include that our property contains a number of potentially low-cost, bulk-tonnage, open-pit-mineable deposits close to the surface containing significant amounts of copper, zinc, silver and gold.
It is important to note that the Company's actual outcomes may differ materially from those statements contained in this press release. Factors which may delay or prevent these forward looking statements from being realized include misinterpretation of data; that we may not be able to keep our qualified personnel; that funds expected to be received may not be; that our estimates of mineral resources are inaccurate; uncertainties involved in the interpretation of drilling results and other tests and the estimation of resources; that we may not be able to get equipment or labor as we need it; that we may not be able to raise sufficient funds to complete our intended exploration, purchase, lease or option payments; that our applications to drill may be denied; that weather, logistical problems or hazards may prevent us from exploration; that analysis of data cannot be done accurately and at depth; that results which we have found in any particular location are not necessarily indicative of larger areas of our property; and that despite encouraging data there may be no commercially exploitable mineralization on our properties. Readers should refer to the risk disclosures outlined in the Company's most recent Form 10-KSB and Form 10-QSB filed with the Securities and Exchange Commission.
CONTACT: Aurelio Resource Corporation Stephen Doppler, 303-795-3030 or 800-803-1371 President & CEO or Diane Dudley, 303-945-7273 Investor Relations Fax: 303-945-7270
Last Updated: January 31, 2008 06:00 EST
it should be more like the commodity markets if you can't make margin call the come get your house and any other assets
those are shares that someone has failed to cover is how i understand it if i am wrong please correct my thinking
I don't think that short intrest is very inporent until it gets closer to a mil or so the only reason I showed that was some where talking about short intrest so I posted it so they would see how small it was.
I think we watch short intrest to watch for a stall and then return to lesser short shares thats how I use it I wish that there was a way to chart it over time periods and if there is I haven't found the site yet good trading to you
things are lookin good story on mine web
http://www.mineweb.com/mineweb/view/mineweb/en/page19565?oid=22415&sn=Detail
Aurus Corp. $ 0.02
AURC -0.01
Short Interest (Shares Short) 49,500
Days To Cover (Short Interest Ratio) 0.1
Short Percent of Float %
Short Interest - Prior 800
Short % Increase / Decrease 6087.50 %
Short Squeeze Ranking™
% From 52-Wk High ($ 0.18 ) -785.00 %
% From 52-Wk Low ($ 0.02 ) 0.00 %
% From 200-Day MA ($ 0.08 ) -300.00 %
% From 50-Day MA ($ 0.05 ) -150.00 %
Price % Change (52-Week) -78.80 %
Shares Float
Total Shares Outstanding
% Owned by Insiders %
% Owned by Institutions %
Market Cap.
Trading Volume - Today 4,542,831
Trading Volume - Average 720,500
Trading Volume - Today vs. Average 630.51 %
Earnings Per Share
PE Ratio
Record Date 2008-JanB
Sector
Industry
Silverado Gold Mines Ltd. (OTCBB: SLGLF), up 9% on 5 million shares, announced Friday it was well received by investors and visitors alike at the recent conference and exhibition (Jan 20-21), attended by over 9,000 registrants. 'What we offered investors, over others at the show, was not only some exciting gold opportunities, based on over 40 years of being in the gold exploration and mining business in Alaska, but also our innovative green fuel (coal - to - liquid fuel) initiative. Visitors were keen on both, and recognized that Silverado is in two of the hottest markets today, gold and energy,' stated Bob Dynes, Silverado's Investor Relations Manager.
I'm in it to the end or outcome it does look gloomy I was thinking that russia was slow getting into how things trade over here but this does look more and more like a scam each day with no facts I'm just glad some of my other ones are doing better I will hold tight to the end