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What I see is an agreesive growth strategy that may include acquisitions and significant increase in revenues. Quite so far this morning but we should see a steady climb over the next month.
I think they may be setting up another TRGD - I am in both and waiting for take off =)
I think it might be going lower - if it breaks a dollar expect to load in the nineties
Sharp pull off on this one, good time to buy?
Flipped BLTA a bit ago - trend has started again so might through some bucks at it
Flipped out at $43 but expect to see a bounce and another rally
Volume has been consistant but the trend is reversed, might see $2.50. Have a lot of cash ready to hit it if it does =)
When gold returns to rocket mode I expect NEW to jump over $48 again
Expecting a push over $3 on this next run guys
Can't go wrong with the worlds fastest growing county - still holding a lot of ACH
Both companies going higher IMO
Could be a runner - radar it folks
I like what i see on EMXC, only wish I woulda seen it last week lol
Starting to set a trend, whats in the pipeline here?
Locked and loaded
starting to look like the limbo
Flattening out a bit on light volume still, watching closely and will jump in if volume picks up
Nice jump on Friday - I see this one going HIGHER
Any strong commodity stock with filings will be a hottie this 4th quarter
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Seems to be setting up nicely with addition of Biscan from TRGD
I think commodity's are our meal ticket forth quarter - still fav's on IVN and ACH among others
2%
I don't focus on sites much, but pick winners on the reg, either I have great sources or I play big boards. Money to be made - VYGO is setting up and I heard there were old management selling out then it would be ready to go, wishful =)
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Here's to a good week!
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Wow amazing DD FDjr - you do good work, will you post this on my board too? Lots of big investors there and would like to get them excited.
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$100 Oil? China Crude Imports Up 18%
By 24/7 Wall St.
Last Update: 1:46 PM ET Oct 7, 2007Print E-mail Subscribe to RSS Disable Live Quotes
China news agency Xinhua says that the country's imports of crude oil rose 18% in the first eight months of the year to hit 108.2 million tons. "From January to August, China imported 110.4 million tons of crude oil and exported 2.18 million tons, said the General Administration of Customs (GAC)." And economists wonder whether the price of oil will continue to rise from its current level of $80.
OPEC recently agreed to raise oil output, but only by about 2% beginning next month. In the meantime, concerns about future production capacity appear to get worse. "The two arguments against 100-dollar oil, the ability of technology to raise new supply and the ability of prices to limit demand, are falling quickly by the wayside," said Jeffrey Rubin, an economist at CIBC World Markets told AFP news. And, his comments came before the news from China.
A CIBC report notes that China consumes more than double its daily production of 3.5 million barrels, while other fast-growing Asian nations like India, Malaysia and Thailand are also boosting petroleum use.
The move toward $100 per barrel oil has begun to look inevitable.
Douglas A. McIntyre
I agree - its to see a strong team in place, I too made a fortune on TRGD. Rich has done a grand job there and I expect to see TRGD go to a senior in the near term. Maybe DKGR is following in the same footsteps =)
LUM - 4 letters = mmmm
The stage is Georgia - its circa 1828 and the Gold Rush is just about to hit.........
Federal Reserve Could Start A Gold Rush
Andrew Farrell, 08.20.07, 4:45 PM ET
The Federal Reserve is mulling a federal funds interest rate cut; a move that would buff the luster of gold miners.
Lower interest rates weaken the dollar and cause inflation, which both drive investors goldward. RBC analyst Stephen Walker says that gold equities have charted significant gains during 58.3% of rate cutting cycles by the Federal Reserve. They have only underperformed the U.S. equity markets in 25.0% of the cycles.
The Federal Reserve raised hopes last week of a lowered federal funds rate after slashing a secondary rate. On Friday, the Fed cut its discount rate by 50 basis points, to 5.75%, from 6.25%. Banks use the so-called discount window to borrow money directly from the Fed. (See: "The Fed Finds An Answer")
The slashed discount rate puts the federal funds rate next in line for a mowing. December fed funds futures trading on the Chicago Board of Trade rose Monday to 95.5, indicating futures traders are expecting rates to be cut to 4.50% from 5.25% by the end of this year.
At gold's current price, and with hope of a rate cut soon adding a boost, gold producers look attractively priced. Walker says that gold equities are currently trading at valuations as if gold were $605 to $615 per ounce. An ounce of gold trading on the New York Mercantile Exchange on Monday traded for $658.70 an ounce.
Took profits at $72 on the way up and I think $65 is the lowest it will drop maybe only $67 - what say you?
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Mark my posts here this stock is going to run - I am sucking up shares on the bid & its 1848 and the gold rush is just starting
Federal Reserve Could Start A Gold Rush
Andrew Farrell, 08.20.07, 4:45 PM ET
The Federal Reserve is mulling a federal funds interest rate cut; a move that would buff the luster of gold miners.
Lower interest rates weaken the dollar and cause inflation, which both drive investors goldward. RBC analyst Stephen Walker says that gold equities have charted significant gains during 58.3% of rate cutting cycles by the Federal Reserve. They have only underperformed the U.S. equity markets in 25.0% of the cycles.
The Federal Reserve raised hopes last week of a lowered federal funds rate after slashing a secondary rate. On Friday, the Fed cut its discount rate by 50 basis points, to 5.75%, from 6.25%. Banks use the so-called discount window to borrow money directly from the Fed. (See: "The Fed Finds An Answer")
The slashed discount rate puts the federal funds rate next in line for a mowing. December fed funds futures trading on the Chicago Board of Trade rose Monday to 95.5, indicating futures traders are expecting rates to be cut to 4.50% from 5.25% by the end of this year.
At gold's current price, and with hope of a rate cut soon adding a boost, gold producers look attractively priced. Walker says that gold equities are currently trading at valuations as if gold were $605 to $615 per ounce. An ounce of gold trading on the New York Mercantile Exchange on Monday traded for $658.70 an ounce.
Gold RUSH just starting..
Federal Reserve Could Start A Gold Rush
Andrew Farrell, 08.20.07, 4:45 PM ET
The Federal Reserve is mulling a federal funds interest rate cut; a move that would buff the luster of gold miners.
Lower interest rates weaken the dollar and cause inflation, which both drive investors goldward. RBC analyst Stephen Walker says that gold equities have charted significant gains during 58.3% of rate cutting cycles by the Federal Reserve. They have only underperformed the U.S. equity markets in 25.0% of the cycles.
The Federal Reserve raised hopes last week of a lowered federal funds rate after slashing a secondary rate. On Friday, the Fed cut its discount rate by 50 basis points, to 5.75%, from 6.25%. Banks use the so-called discount window to borrow money directly from the Fed. (See: "The Fed Finds An Answer")
The slashed discount rate puts the federal funds rate next in line for a mowing. December fed funds futures trading on the Chicago Board of Trade rose Monday to 95.5, indicating futures traders are expecting rates to be cut to 4.50% from 5.25% by the end of this year.
At gold's current price, and with hope of a rate cut soon adding a boost, gold producers look attractively priced. Walker says that gold equities are currently trading at valuations as if gold were $605 to $615 per ounce. An ounce of gold trading on the New York Mercantile Exchange on Monday traded for $658.70 an ounce.
watching for gold to return to boom mode and all gold stocks hit new highs IMO
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Chart bounce today - I think it might jump over $3 on the open
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Verdict is in - oil to sky rocket and smart money gets richer.....
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Buy out
Lundin Mining's Offer for Rio Narcea Securities Expired August 20, 2007
Wednesday August 22, 12:22 pm ET
TORONTO, ONTARIO--(MARKET WIRE)--Aug 22, 2007 -- Rio Narcea Gold Mines, Ltd. ("Rio Narcea" or "the Company")(Toronto:RNG.TO - News)(AMEX:RNO - News) today announced that as of August 20, 2007, the final day of Lundin Mining's amended offer to acquire all of the Company's shares and warrants, 158,018,283 shares of the Company had been tendered in response to Lundin Mining's amended offer, which was announced on July 17, 2007. These shares represent approximately 93.1% of the Company's shares outstanding. In addition, 20,099,020 share purchase warrants had also been deposited in response to the amended offer. In combination, the shares and warrants tendered under the offer total approximately 92.9% of the Company's fully diluted shares outstanding. Under the terms of the amended offer, the Company's shareholders and warrant holders will receive CDN$5.50 for each share and CDN $1.04 for each warrant tendered to the bid.
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Lundin Mining will now undertake a compulsory acquisition transaction under the Canada Business Corporations Act to take up the balance of the shares. Following the compulsory acquisition, the Company's shares will be delisted from the Toronto Stock Exchange and the American Stock Exchange.
Forward-looking Statements
This report contains "forward-looking statements" within the meaning of Canadian and United States securities laws. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events, capital expenditures, exploration efforts, financial needs and other information that is not historical information. The forward-looking statements contained herein are based on Rio Narcea's current expectations and various assumptions as of the date such statements are made. Rio Narcea cannot give assurance that such statements will prove to be correct. These forward-looking statements include, but are not limited to, statements regarding: Rio Narcea's operating plans and expectations for the El Valle and Carles mines, the Aguablanca mine and surrounding properties; the Tasiast development project and the Salave gold projects; expectations relating to future gold and base metal production; anticipated cash and other operating costs and expenses; schedules for completion of feasibility studies, mine development programs and other key elements of Rio Narcea's business plan; potential increases or decreases in reserves and production; the timing and scope of future drilling and other exploration activities; expectations regarding receipt of permits and other legal and governmental approvals required to implement Rio Narcea's business plan.
Factors that could cause Rio Narcea's actual results to differ materially from these statements include, but are not limited to, changes in gold and nickel prices, the timing and amount of estimated future production, unanticipated grade changes, unanticipated recovery problems, mining and milling costs, determination of reserves, costs and timing of the development of new deposits, metallurgy, processing, access, transportation of supplies, water availability, results of current and future exploration activities, results of pending and future feasibility studies, changes in project parameters as plans continue to be refined, political, economic and operational risks of foreign operations, joint venture relationships, availability of materials and equipment, the timing of receipt of governmental approvals, capitalization and commercial viability, the failure of plant, equipment or processes to operate in accordance with specifications or expectations, accidents, labour disputes, delays in start-up dates, environmental costs and risks, local and community impacts and issues, and general domestic and international economic and political conditions.
Rio Narcea undertakes no obligation to publicly update these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
Contact:
Contacts:
Roth Investor Relations, Inc.
Michelle Roth
(732) 792-2200
Email: michelleroth@rothir.com
Website: http://www.rionarcea.com
This one is going higher IMO
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Press Release Source: Ivanhoe Mines Ltd.
High-Grade Copper and Gold Mineralized Zone Discovered at Ivanhoe's Cloncurry Project in Australia
Wednesday October 3, 1:17 pm ET
SWAN Copper-Gold-Uranium Discovery Significantly Expands With Six Drill Rigs at Work
MELBOURNE, AUSTRALIA--(MARKET WIRE)--Oct 3, 2007 -- Robert Friedland, Executive Chairman of Ivanhoe Mines (Toronto:IVN.TO - News)(NYSE:IVN - News)(NYSE:IVN - News), and Douglas Kirwin, Ivanhoe Mines Executive Vice-President, Exploration, announced today that continued exploration drilling at the company's Cloncurry Project in the Mt. Isa District of northwestern Queensland, has resulted in the discovery of a significant high-grade zone of copper and gold mineralization on the western margin of the large, open-ended SWAN Iron Oxide Copper Gold (IOCG) Project.
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In January, 2007, Ivanhoe announced the discovery of a series of IOCG systems with associated uranium, one of which is the SWAN Project, at the company's 2,400-square-kilometre Cloncurry Project. Further exploration of the SWAN system has resulted in a substantial expansion of the deposit's mineralized zone.
Drill hole MEHQ071130 on the western margin of the SWAN system intersected 90 metres grading 2.02% copper and 1.3 g/t gold from 582 metres to 672 metres, including 54 metres grading approximately 3.04% copper and 1.89 g/t gold. The intersection is missing a 3.5-metre section of high-grade core resulting from loss during drilling of the very friable composition of the intense chalcopyrite-rich mineralization. As such, this zone is currently being re-drilled and recovery improved by using a triple-tube core-barrel to preserve the entire high-grade intercept. Additional drilling will define the attitude and dip of the high-grade zone and also the true thicknesses of the drill intersections.
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Hole # From To Interval Cu % Au g/t
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MEHQ071130 582 587.5 5.5 6.39 7.58
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MEHQ071130 587.5 590.8 Friable Lost Core -- --
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MEHQ071130 590.8 672 81.2 1.71 0.90
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including 590.8 604 13.2 6.57 2.70
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including 590.8 636 45.2 2.69 1.29
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Pictures of the high-grade core and a long section image of the new high-grade discovery will be posted to Ivanhoe's website at www.ivanhoemines.com.
Mr. Kirwin said that the hole 1130 intersection highlights the potential for further large, high-grade zones in and around the extensive SWAN system. This is the first high-grade copper and gold zone intercepted at SWAN and the zone remains open in all directions. The tenor and thickness of the high-grade mineralization appears to be superior to that previously mined at the Mt. Elliott Mine, approximately one kilometre away. The high-grade sections within the 90-metre intercept are associated with 1-to 3-metre wide veins of chalcopyrite, magnetite, pyrite and calcite. These veins are sub-vertical and have a north-northeast trend. These zones might represent long-lived feeder zones to the main body of mineralization or be crosscutting, late-stage mineralization. The style and structure of the mineralization intersected in the newly discovered high-grade zone indicates that repeat structures with similar grades and thicknesses are possible within the SWAN system.
Ivanhoe is currently undertaking an aggressive drilling campaign to explore the immediate area around the high-grade zone to expand the size and to better understand the structural controls of the mineralization. An additional 150-metre wide intersection of visibly strong chalcopyrite-dominated mineralization was intercepted in hole 1118, approximately 100 metres up-dip from hole 1130, and within the same stratigraphic position. Assays are pending for hole 1118; however, visual estimates indicate that this mineralization consists of broad zones of disseminated copper with regular, narrow high-grade veins. Given the tenor of the intersection in holes 1130 and 1118, a pattern of drilling to achieve a mineral resource on this high-grade portion of SWAN will be completed as soon as possible.
The SWAN deposit is part of the SWAN-Mt. Elliott IOCG system that covers a surface area well in excess of one square kilometre. Current drilling of the SWAN discovery has determined that mineralization extends to a depth of at least 1,200 metres below surface. The discovery remains open to depth and several other directions, including to the northwest, to the northeast and to the south. The SWAN-Mt. Elliott system includes two other previously discovered deposits, SWELL and Corbould. Recent drilling in hole 1134, which explored the area between the SWAN and SWELL deposits, has intersected mineralization that indicates a genetic link between these two zones. One of the objectives of the current drilling program is to determine if these four separate, near-surface IOCG systems coalesce into a massive IOCG mineralized system at depth. Drilling is ongoing around the clock with six drill rigs.
The SWAN-Mt. Elliott IOCG system is the first of numerous targets to be intensively drill tested by Ivanhoe in the Cloncurry district. Delineation drilling has just begun at Mt. Dore (see below) and Amethyst Castle, the second and third targets to be drill tested in the district. Reconnaissance drilling at the other IOCG targets will proceed when sufficient delineation on the SWAN and Mt. Dore prospects has been completed.
Reconnaissance drilling at the Amethyst Castle and Castle Mount prospects has intercepted significant intersections of classic IOCG-style breccias similar to those that host economic mineralization at the Ernest Henry Mine, near Cloncurry, and the Olympic Dam and Prominent Hill deposits in South Australia's Gawler Craton. A first-pass drill program at the Metal Ridge prospect has intercepted anomalous copper and gold mineralization similar in alteration style to the SWAN Deposit.
Mt. Dore Project
The Mt. Dore project, located on the Mt. Dore Belt 17 kilometres south of the SWAN deposit on Ivanhoe's Cloncurry tenements, has long been identified as a significant, open-ended body of copper-rich mineralization.
Given the re-evaluation of all prospects on the Cloncurry site, Mt. Dore is currently being drilled to complement the previous drill programs and complete the understanding of the extent of the mineralization and provide information for a new NI 43-101-compliant resource calculation.
Some of the more significant results formerly drilled by Amoco and others dating back to the 1970s include:
- 22 metres @ 2.05% copper
- 169 metres @ 0.97% copper
- 130 metres @ 0.86% copper
- 180 metres @ 1.02% copper
- 143 metres @ 0.81% copper
- 116 metres @ 1.00% copper
- 301 metres @ 1.00% copper
- 104 metres @ 2.31% copper
(i) true thicknesses were not reported.
A new drilling program has commenced at Mt. Dore to expand the high-grade mineralization previously delineated by earlier drilling.
Central and Northern Gossans
Detailed geological mapping and sampling are taking place at the Central and Northern Gossans areas where copper and gold mineralization was intersected in limited shallow drilling carried out decades ago. To date, mineralized zones have been intersected over a strike length of at least four kilometres. This north-trending zone could represent the northern strike extension of the SWAN deposit, which is already approximately 1.3 kilometres long.
Uranium potential within Ivanhoe's tenements
In 1957, Rio Tinto flew an airborne radiometric survey south of Malbon in the Cloncurry district and in the vicinity of Ivanhoe's existing tenements, possibly exploring for deposits similar to the then recently discovered Mary Kathleen uranium deposit. Uranium was first identified within Ivanhoe's Cloncurry tenements in the late 1960s and mid-1970s, with work initially carried out at the Elizabeth Anne uranium prospect. Uranium also was discovered at the Dairy Bore, Old Fence, U2 and Robert Heg prospects, all in the Kuridala area in the northern part of Ivanhoe's tenements.
Previous work from exploration programs conducted 30 years ago is being compiled and assessed. During this earlier period, Marathon Oil and Minerals Pty. Ltd. completed 56 percussion holes and three diamond holes at the Elizabeth Anne uranium prospect. Marathon reported that 25 of the holes intersected anomalous uranium mineralization of greater than 250 ppm U308. A total of 20 holes contained sample intervals (widths were not stated) that returned values of up to 500 ppm U308. The best reported intercept was five feet that assayed 7200 ppm U308. In November, 2006, Ivanhoe commissioned an airborne radiometric survey over the northern tenements. This survey generated numerous substantial and significant uranium anomalies that are currently the subject of high-priority follow-up exploration work.
Ivanhoe's Prospects in Historic Cloncurry-Mt. Isa Mining District
Ivanhoe's 100%-owned Cloncurry Project covers the majority of the historic Selwyn Mining District. Mines in the district have historically produced approximately 950,000 ounces of gold and 175,000 tonnes of copper through the processing of approximately 9.5 million tonnes of ore grading 3.62 g/t gold and 2.03% copper. Ivanhoe acquired the Cloncurry Project in September, 2003, with a plan to expand the known mineralization and to conduct an integrated exploration program designed to test for significant deposits similar to the Ernest Henry Mine, owned by Xstrata, to the north, or the Osborne Mine, owned by Barrick, to the south of Ivanhoe's existing exploration tenements.
The recent drilling by Ivanhoe has confirmed that the area has geological potential to host large-scale, high-grade iron oxide copper and gold deposits similar to the nearby Ernest Henry Mine, and to the Olympic Dam and Prominent Hill mines in South Australia. The Northwest Queensland Mineral Belt is one of the most significant mineral producers in the world. It hosts the Century, Mount Isa, Cannington, George Fisher, Lady Loretta and Dugald River base metal deposits, the Ernest Henry, Osborne and Eloise IOCG mines, the Tick Hill gold and the Mary Kathleen uranium deposits.
Ivanhoe also owns 12.0% of Exco Resources, (ASX:EXS.AX - News), which has 4,700 square kilometres in the Cloncurry region. Ivanhoe and Exco have a Joint Venture on 712 square kilometres of prospective tenements that are largely contiguous with Ivanhoe's Cloncurry tenements.
Assays
All Cloncurry samples were assayed by SGS at its analytical facilities in Townsville and Perth, Australia.
Qualified Person
Douglas Kirwin, Ivanhoe Mines Executive Vice-President, Exploration, and Qualified Person as defined by NI 43-101, has reviewed and approved the technical and scientific information contained in this release.
FORWARD-LOOKING STATEMENTS: This document includes forward-looking statements regarding Ivanhoe Mines' plans. Forward-looking statements include, but are not limited to, statements concerning the planned drilling and exploration program at the Cloncurry project. When used in this document, the words such as "could", "plan", "estimate", "expect", "intend", "may", "potential", "should" and similar expressions are forward-looking statements. Although Ivanhoe Mines believes that its expectations reflected in these forward-looking statements are reasonable, such statements involve risks and uncertainties and no assurance can be given that actual results will be consistent with these forward-looking statements. Important factors that could cause actual results to differ from these forward-looking statements are disclosed under the heading "Risk Factors" and elsewhere in the corporation's periodic filings with Canadian and US securities regulators.
Not for distribution to Australia news wire services or dissemination in Australia.
Contact:
Contacts:
Ivanhoe Mines Ltd. - Australia
Peter Reeve
+613.9090.8801
Ivanhoe Mines Ltd. - North America
Bill Trenaman
Investors
(604) 688-5755
Ivanhoe Mines Ltd. - North America
Bob Williamson
Media
(604) 688-5755
Website: http://www.ivanhoemines.com
Sorry been too busy to DD but looks clean - I am bidding at $1.50 for some
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= money in the bank
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Its tight by comparison .006 850M shares versus for example .06 and 85M shares. I have rode stocks from .005 to .05 before and make $500k so you have to be willing to play the odds.
The odds here and what we are betting on is the fact that is is the second company set up by the same group behind TRGD. Buying under .10 got us a profit at $1+ A track record always gets me to take it seriously. I'm not pumping just real,
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