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Still around cmzio?
Looking to buy into this stock. need to get some $$$ from my other looser penny stocks. Feel that I have too much into SRSR.
This company has cash in the bank and proven management at the helm.
Abbytrader knows her stuff.
I'm holding on for at least .002 in a couple of weeks. But, if this thing takes off, I'm outta here and into more real stocks that dont depend on MOMO to get them going, just real results. LOL.
Nothing much has changed on this board.
The usual suspects beating each other over the head.
Still holding onto my shares waiting for the good news to arrive.
Lot's of penny stocks and big board stocks are in that "it sucks" category. This recession has sucked the life out of all investments. Gold bullion excluded.
Hopefully, the dredging technology will work and we will all start to make some money on this one.
OK, fine. When the pps hits .50, I will go up there and do it myself!
The Chinese are also investing in minerals. Keep in mind that SRSR's project geologist, Alan Hawke was based in China and has multiple Chinese mining connections.
China Starts Investing Globally
Published: February 20, 2009
SHANGHAI — With the world suffering through a tight credit market, China has suddenly gone shopping.
Beijing said on Friday that one of its big state-owned banks, the China Development Bank, agreed to lend the Brazilian oil giant Petrobras $10 billion in exchange for sending China a long-term supply of oil.
That investment came after similar deals were signed this week with Russia and Venezuela, bringing China’s total oil investments this month to $41 billion.
China’s biggest aluminum producer also agreed earlier this month to invest $19.5 billion in Rio Tinto of Australia, one of the world’s biggest mining companies. And last Monday, the China Minmetals Corporation bid $1.7 billion to acquire OZ Minerals, a huge zinc mining company, also in Australia.
Flush with cash and eager to take advantage of weak commodity prices, China is once again on the hunt for global energy and resources to power its growing economy. But this time, China is being welcomed as an investor overseas.
President Hu Jintao of China was traveling this week on his “Friendship and Cooperation Tour” in Africa, where China has substantial interests in resources and mining. Vice President Xi Jinping was visiting South America, meeting with the leaders of Brazil and Venezuela and signing cooperation agreements on oil and minerals.
Venezuela received a $6 billion loan from China and agreed to increase its oil exports to China, bringing China’s total investment in the country to $12 billion. In Brazil, China signed a $10 billion “loan-for-oil” deal that guarantees the country up to 160,000 barrels a day at market prices.
And in Beijing this week, Prime Minister Wen Jiabao met his Russian counterpart after China agreed to loan Russia’s struggling oil giant, Rosneft, and Russia’s oil pipeline company, Transneft, $25 billion in exchange for 15 million tons of crude oil a year for 20 years.
“This is heavy energy diplomacy,” said Philip Andrews-Speed, director of the energy policy center at the University of Dundee in Scotland.
“If you need money you go to where the money is, and today, China’s the place.”
The investments are China’s biggest moves since 2005, when a Chinese state-owned oil company made an unsuccessful bid for Unocal, the American oil company, amid worries about whether fast-growing China was seeking to tie up global resources.
But the world has changed since then. Commodity prices have fallen sharply in recent months, after a long bull market that was partly fueled by China’s voracious demand for energy and resources. And China has built up nearly $2 trillion in foreign currency reserves, giving the country easy access to capital.
“What’s changed for China is that their key competitive strength has increased — and that’s capital,” said Andrew Driscoll, a resources analyst at C.L.S.A., the investment bank. “A lot of companies are begging for capital.”
China wants reliable supplies of crude oil to fuel its growing transport sector. It also needs iron ore for steel production, and copper and aluminum to build homes and consumer goods.
Analysts said there were still worries about whether China would compete with other nations, like the United States and India, for oil and other natural resources.
But some analysts said China’s investments were welcome because they would help finance much needed development, increasing the global supply of oil and natural resources at a time when many of the world’s biggest banks were reluctant to lend.
“It’s a good thing because a lot of projects have been postponed,” said Professor Andrews-Speed at the University of Dundee. “Oil companies may now have the money to produce oil. There’s going to be more oil produced.”
Analysts say China could continue to make deals for a variety of small oil and gas companies, mineral producers and mining firms.
This week, for instance, shares of the Australian miner, Fortescue Metals Group, rose after reports the company was in talks with China over a big investment to help the company expand.
In many cases, China has struck deals in countries that have access to large supplies of oil and minerals but where American and European countries are not well positioned, like parts of Africa and the Middle East.
In one deal this week, China made an alliance with the government of Hugo Chávez, the president of Venezuela, who has denounced American leadership.
While the oil deals announced vary in terms, analysts say they ensure China a steady supply of oil for decades to come, sometimes at favorable prices.
In Brazil, the $10 billion loan is to be used to finance a deep water oil reserve that the government hopes will help turn the country into a major oil producer
The Chinese as potential JV partners for SRSR?
The Chinese are locking up long-term metals supply
Posted: February 18, 2009, 7:44 AM by Peter Koven
Mining, China, OZ Minerals, China Minmetals
On Sunday, the state-owned giant China Minmetals unveiled a friendly US$1.7-billion deal to buy Australian miner OZ Minerals Ltd., the world's second-biggest zinc producer. OZ was in dire financial condition and was ripe for the picking.
According to TD Newcrest analyst Greg Barnes, the takeover is further proof that the Chinese government is intent on securing long-term metals supply. He noted that the implied takeout multiple in the OZ deal is 5.6 times 2009 EBITDA, which is similar to the valuation of Chinalco's investment in Rio Tinto Ltd., which was announced last week.
"The government does not seem shy about paying large multiples. We are somewhat surprised that the Chinese are acquiring OZ Minerals given that it is a large zinc miner, and China is not short zinc," he wrote in a note to clients.
He added that the Chinese mining companies appear to view this market as an opportunity to secure resources. That being the case, there are plenty of distressed Canadian companies that could become targets; he singles out Teck Cominco Ltd., Lundin Mining Corp. and Breakwater Resources Ltd. in his coverage universe. Teck is unlikely to be sold because of its dual share structure, but could get a cash injection similar to Rio Tinto, he noted.
China Minmetals tried to buy Noranda Inc. back in 2004 and met plenty of domestic opposition.
Peter Koven
The best kind.
If you go homey_g, give Scott a kiss from me! LOL.
Scoup is spelled scoop.
I'm hoping for lots of scoops in the future.
Amen brother Hammer, bring on the KABOOMAGE!
Will they start the kabooming in Brussels?
I disagree with you. The issuance of the National Instrument along with verification of the existance of REE's, a JV announcement, could very well translate into a pps of .30 and .50.
Could it be by the end of this year? Who knows?
I am positioned for this and am holding on.
The momo crowd will sell out at .30.
Hard not to push the sell button when SRSR hits .50.
But, I think you are right, in a couple of years, those of us that are still shareholders will be in retirement status. At that time, I will visit you in Euroland.
What will the Chinese firm do? Just provide the financing?
This is good news! Thanks.
Love the way they name these bills:
“Let Wall Street Pay for Wall Street's Bailout Act of 2009”, when as you point out, it will impact those that had nothing to do with the machinations of Wall Street.
Thanks for digging up the DD and posting it, homey_ dude.
This is good news. Hopefully, the Chinese economy will get over stimulated and we can see more r/m action.
And why is that? What type of news is coming out in three weeks?
ASFX, one of my rookie mistakes.
From now one homey dude, I'm sticking to low priced junior minors.
Reposting DSU's response to me regarding Commerce Resources.
Posted by: downsideup Date: Thursday, February 19, 2009 8:51:51 PM
In reply to: doberman who wrote msg# 41088 Post # of 41194
Noted someone with wielding a paint brush did a hatchet job over at Commerce today... with a trade under $100 in value took it down to $0.14. Looks like the painting effort isn't confined to SRSR.
I still don't know that they'll fair too well in a competition with SRSR... they have a lot more properties tied up... but it looks like SRSR has more potential resource in one ZONE of the SRSR property.
Yes, I see the 40% spread.
I'm sticking around here with you guys.
WSRA up....SRSR...up....NBRI...up
Spring will melt away the snow and our gold/niobium nuggets will he defrosted and ready for collection...........
I got in at an average of .0177.
Should I hold and wait for more good news? Can this thing go higher and why?
To Both Howards, after the National Instrument is issued, we should have a better idea of what SRSR has in the ground. If we have tons of them REE's, that's even better.
My preference is for SRSR to develop the mine themselves with a JV. Preferably not the Chinese. Sorry, I don't trust/like Communist governments.
Thanks for posting the interview with Jack Lifton.
Anyone care to compare SRSR to Commerce Resources in terms of niobium/tantalum reserves?
TGR: We understand that Commerce Resources Corp. is developing a tantalum project. Are you familiar with them?
JL: Yes I am. Commerce Resources is not producing, but they’re close. They are at the stage of pre-feasibility and developing a very large project in British Columbia, Canada. I believe that of those companies exploring and developing new deposits, Commerce is well positioned. They are financially strong and have been involved in the tantalum industry for years. Putting their deposit into production and offering competitive rates, they will capture the attention of processors and capacitor manufacturers who have long been looking for alternate sources of raw materials. This is a common theme for exotic metals, such as tantalum.
What is the amount of proven silver from the latest release?
Here's a post by doubloon from the Hermits Hovel:
" if Orko comes in at 170 million ounces proven we should have a very quick double, if they come in over 200 million the company will be looking for a buyout, which they should already have someone in the wings."
Have they indicated they have 170 million proven ounces?
Have they came in at 170 million ounces proven?
I've loaded up my wagons with SRSR its now time to head on out.
Let them chase!
Yup, saw that. Expecting more good news?
homey_g dude this assignment is perfect for and OntaREEo too.
It would be great if someone from this board could attend and speak with Scott.
From our merry gang here, is anyone heading up for PDAC 2009?
What is Commerce Resources Upto These Days? Still trading at .25 and they have just entered into a JV with Canadian International Minerals...........
February 10, 2009
Joint Venture Established for Carbo Rare Earth Property
--------------------------------------------------------------------------------
Commerce Resources Corp. (the "Company") announces that it has entered into a Mineral Property Option Agreement with Canadian International Minerals Inc. (CNSX: CIN) ("CIN"). Under the terms of the agreement, CIN will acquire a 75% interest in and to the Carbo Claims, subject to regulatory approval.
The Carbo Claims consist of five mineral claims, located approximately 80 km northeast of Prince George, British Columbia. The Carbo Claims cover a series of niobium and rare earth element bearing, dike- or sill-like carbonatites and syenites. The carbonatite plugs, dykes and sills occupy a northwest striking zone at least 8 km in length. The carbonatites vary in composition from sovites, pyroxene rich carbonatites, and ferro-carbonatites.
Historic Exploration
Based upon historic exploration by Teck Corporation, in 2006, the Company conducted an exploration program including rock and soil samples, a geophysical survey and limited geologic mapping. A follow-up exploration program in 2007 included the collection of an additional 16 rock samples. Five samples of alkaline intrusives contained high REE and niobium concentrations.
The companies are both encouraged that the scale of the intrusive system coupled with the diverse styles of mineralization observed to date provide good potential for significant rare-metal and/or precious metal mineralization.
In 2009, CIN expects to complete an exploration program consisting of geological mapping, soil and rock geochemical sampling, and trenching.
In consideration for the interest in the Carbo Claims, CIN will pay to the Company a total of $30,000 cash: $10,000 on signing of the agreement (paid), $10,000 on the first year anniversary and $10,000 on the second year anniversary. CIN will also issue the Company a total of 1,500,000 common shares: 500,000 common shares with five days of the filing of the property acquisition with the CNSX, 500,000 common shares on the first year anniversary and 500,000 common shares on the second year anniversary. CIN is also required to incur a total of $198,000 in exploration expenditures on the Carbo Claims: $66,000 in the first year of the agreement, $66,000 in the second year and $66,000 in the third year. The Company will also retain a 2% NSR Royalty on the Carbo Claims.
Will hold on for that great payoff someday! LOL.
What does that mean?
That's right, the Japanese and the Chinese hold trillions of our green backs.
They need to invest in SRSR in order to secure for themselves a reliable and well priced source of niobium, tantalum and REE's.
Wow. The Chinese have billions to spend buying up all these mining companies at these attractive prices.
Once SRSR shows the world it has the goods in the gound, we should be seeing a lot of action.
OK. I will look into this.
We are not talking about jumping out of fox holes and attacking the enemy here.
We are trying to make sound investment decisions with our hard earned cash. Brains over brawn when it comes to investing. Right?
What are your facts again whistles dude?
What criminal past? What leases being in default?
What do you know about ocean dredging?
You claim to be a scam buster. But what you do instead is post accusations with no proof.
Please identify the shell you claim has been busted twice.
You make accusatory statements and back them up with nothing that's your mo. Find fault with all pink stocks and invest in none.
Cheers,
D