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It's still clear that your recent findings on the company are valid. All morning it's been the only green figure on the AMEX tape, with all the overblown three letter symbols taking heavy hits.
The light downdraft two days ago may have been contributed to by a top analyst at UBS Warberg downgrading the entire sector. It really makes you wonder.
Chief, if you don't mind my asking, what's the current configuration for your Metastock system? Do you need to down load data to your hard drive or can you access a data feed stored on line>
Thanks for that guidance. Looking at the tubular's reversal here, I can see it's time to get serious.
Don't look now guys but International Shorthairs is putting on it's sprint for year end. Congratulations to anyone who got in in the recent 60's.
Forgive the change in subject but RIG is trying to test that 19.50 support. Is this going to be the fiftieth dry run for the drillers or a head fake before we go up and outa here? The futures trading head for Alaron was on CNBC saying that 40 dollar crude was not out of the question. In that case, how do the fundamentals on TESOF look?
I believe it was Claude who said " you're a smart cookie Eva"
And the market reacts to the drill results with a comitted yawn.
In that case we can all go on a surfing/fishing cruise aboard my newly refitted Morgan Outisland off Tahiti and the Tuomotus.
CKG quarterly report dated Nov 28 looks positive. Do they ever mail these things out to shareholders, or do you just have to go out and dig um up your self?
Currently trying to buy Kenor corp. on the Oslo and listed as knrkf on the otc. Has not been easy trying to get filled.
Company has 122 million shares outstanding, produces 108,000 oz au anually, and has approx. 10 million oz reserves. With no Canadian listing, no one knows about this stock. May be even a better no brainer than CAU.
That's correct, it was from Thompson FN. Sorry for the sloppy paste. I just found that seasonality study and find it interesting. TESOF certainly looks like it's got room to move if there is'nt some serious negative hidden from view.
Been wondering when the right time to buy RIG would be for a while now. Presently one dollar off the lows.
TRANSOCEAN INC [RIG] - Historic Monthly Stock Price Performance
JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC
Average Return -1.5% -.2% 11.3% 6.5% 2.6% -3.8% -2.5% 1.8% 1.3% 1.1% -7.0% 7.1%
# Times RIG Stock
Price Increased 4 5 7 8 6 5 3 7 4 5 3 7
# Times RIG Stock
Price Decreased 6 5 3 2 4 5 8 4 7 6 7 3
2003 Return -1.9% -.3% -9.9% -6.8% 22.7% -- -10.9% 7.9% -5.3% -4.0% -- --
2002 Return -12.0% -5.8% 18.6% 6.8% 7.5% -18.4% -18.1% -3.9% -15.1% 5.7% 10.6% -4.5%
2001 Return -1.2% 5.9% -9.9% 25.2% -1.5% -22.8% -21.7% -10.5% -8.7% 14.2% -6.1% 19.5%
2000 Return -5.6% 24.0% 30.1% -8.4% 4.7% 8.6% -7.4% 20.8% -1.9% -9.6% -24.8% 15.4%
1999 Return -4.7% -19.3% 39.7% 3.0% -17.1% 6.6% 16.9% 10.3% -9.5% -11.0% 3.4% 19.5%
1998 Return -17.5% 9.1% 18.6% 8.6% -11.7% -9.8% -11.4% -37.7% 41.2% 6.5% -33.2% 8.6%
1997 Return 4.6% -14.7% .4% 8.0% 13.8% 5.3% 12.5% 16.4% .9% 12.6% -12.2% 1.6%
1996 Return 3.1% -5.7% 17.2% 7.6% -3.4% -4.7% -3.0% 11.5% 12.1% 3.3% -4.7% 3.9%
1995 Return 14.1% 3.1% 11.4% 16.1% 5.6% .9% 16.5% 2.2% -4.7% -2.7% 8.7% 29.7%
1994 Return 6.3% 2.2% -2.9% 5.2% 5.6% 4.0% .0% -6.4% 8.9% .0% -1.9% -9.0%
1993 Return -- -- -- -- -- -7.9% -1.2% 9.3% -4.0% -2.4% -9.7% -14.1%
December
7.1%
November
-7.0%
October
1.1%
September
1.3%
August
1.8%
July
-2.5%
June
-3.8%
May
2.6%
April
6.5%
March
11.3%
February
-0.2%
January
-1.5%
ARQ news, I'm beggin you guys, don't sell your shares
--------------------------------------------------------
Press Release Source: Anooraq Resources Corporation
Anooraq Joins With Key Operator Anglo Platinum to Advance Drenthe PGM Deposit
Wednesday November 26, 9:32 am ET
VANCOUVER, British Columbia--(BUSINESS WIRE)--Nov. 26, 2003--Ronald W. Thiessen, President and CEO of Anooraq Resources Corporation (OTCBB:ARQRF - News; TSX VENTURE:ARQ - News) is pleased to announce that Anooraq, and its wholly owned South African subsidiary Plateau Resources (Pty) Ltd. (together "Anooraq"), have entered into a Joint Venture Agreement with Potgietersrust Platinums Ltd. ("PPRust"), a wholly owned subsidiary of Anglo American Platinum Corporation Limited (together "Anglo Platinum"). The Joint Venture has been formed to explore and develop platinum group metals ("PGM"), gold and nickel mineralization on the Drenthe farm and the adjacent northern portion of the Overysel farm. Drenthe and Overysel are located on the Northern Limb of the Bushveld Complex, about 250 km north of Johannesburg, South Africa. The goal is to explore and develop a large-scale, open pit deposit, utilizing nearby milling, smelting and refining facilities that could provide substantial cost advantages to a new mining project (see maps on website).
ADVERTISEMENT
Anooraq is contributing its rights to the Drenthe farm on which a large PGM-nickel resource has been outlined in the Drenthe deposit, and the Witrivier farm if the deposit extends north on to Witrivier. Over four million ounces of combined PGM and gold, plus 359 million pounds of nickel are contained within the estimated inferred resource of 99.4 million tonnes grading 1.31 g/t 3PGM+Au and 0.016% Ni at a 0.5 g/t 3PGM+Au threshold (see Anooraq News Release February 7, 2003). PPRust is contributing its rights to the northern portion of the Overysel farm that lies south of and contiguous to the Drenthe farm.
Anglo Platinum is the world's largest primary producer of platinum and the only experienced operator of large-scale open pit PGM mines and metallurgical complexes on the Northern Limb of the Bushveld. PPRust owns and operates the 12,000 tonnes per day Sandsloot open pit mine, located about 12 km south of Drenthe, which has been operating since 1993 and currently produces over 350,000 ounces of PGM and gold each year. PPRust's Northern Limb properties host 332 million tonnes of proven and probable reserves and 719 million tonnes of indicated resources, containing 93 million ounces of PGM and gold (Anglo Platinum 2002 Annual Report) within eight PGM deposits.
Pursuant to the terms of the Joint Venture Agreement, Anooraq and Anglo Platinum will form an initial 50/50 Joint Venture ("the JV") to explore Drenthe and the northern portion of the Overysel farm for a period of up to five years. During the period, Anooraq will operate exploration programs, and spend up to ZAR12.35 million (about US$1.76 million) on behalf of the JV. Anooraq will then have the option to proceed on a year-by-year basis and to take the project to a Bankable Feasibility Study ("BFS").
Once the BFS has been completed, the parties, by agreement, may jointly or separately proceed to exploitation. If both partners decide to proceed, then a joint management committee will be established to oversee development and operations. At commencement of exploitation the Joint Venture interest allotted to Anooraq and Anglo Platinum will be determined in proportion to the relative value of the metals contained in each contributed property as reflected in the BFS. During development, the JV will be seeking a Black Economic Empowerment business partner to participate in the project, with the JV partners dividing the remaining interest. Should Anglo Platinum decide not to contribute to exploitation, it remains entitled to dilute to a minimum 12.5% non-contributory interest, adjusted depending on the final PGM royalty established under the Mineral and Petroleum Royalty Bill to a maximum of 15%.
Anglo Platinum has undertaken to enter into a PGM Ore or Concentrate Purchase and Disposal Agreement at the exploitation phase, based on standard commercial terms, whereby PGM produced from the operation would be treated at Anglo Platinum's facilities. Anglo Platinum recently completed construction of a new PGM smelter at Polokwane, located about 80 km east of Drenthe.
The extensive Drenthe deposit is open to expansion. The southern limit of the deposit has, until now, been defined by boundary of the Drenthe and Overysel farms. Historical holes drilled on northern Overysel within 400 m of the Drenthe boundary returned 10.4 m grading 1.88 g/t PGM+Au (Hole OY89); 6.4 m grading 1.86 g/t PGM+Au (hole OY88) and 29.0 m grading 2.02 g/t PGM+Au (OY87). The agreement with Anglo Platinum offers Anooraq the opportunity to determine the full extent of the Drenthe deposit towards the south. In order to advance the Drenthe project rapidly toward production, Anooraq plans to initiate exploration early in 2004. The program, currently being finalized, will involve a multi-rig drilling program with infill drilling in the Drenthe deposit and delineation of the southern extent of the deposit on the Overysel farm. Based on this work, new resources estimates can be completed and mine planning commenced.
Anooraq's extensive land package extends 45 km along the Northern Limb of the Bushveld Complex. In addition to the Drenthe deposit, Anooraq also controls the Rietfontein property, located 25 km to the south of Drenthe. Exploration at Rietfontein has outlined extensive, near-surface nickel-PGM-copper mineralization that is contiguous with mineralization on the adjacent Turfspruit farm, which is being explored and developed by African Minerals Ltd. Anooraq drilled 15 holes at South Block, intersecting sub-economic mineralization. The Company is currently re-assessing its South Block program.
Anooraq President and CEO Ronald Thiessen said, "The Bushveld is the world's most prolific geological environment for platinum group metals. The new agreement announced today further demonstrates the expanding relationships being developed by the Company to advance exploration and production of PGM deposits on the Northern Limb."
ON BEHALF OF THE BOARD OF DIRECTORS
Ronald W. Thiessen, President and CEO
This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address future production, reserve potential, exploration drilling, exploitation activities and events or developments that the Company expects are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and that actual results or developments may differ materially from those projected in the forward-looking statements. For more information on the Company, Investors should review the Company's annual Form 20-F filing with the United States Securities Commission and its home jurisdiction filings that are available at www.sedar.com.
No regulatory authority has approved or disapproved the information contained in this news release.
--------------------------------------------------------------------------------
Contact:
Anooraq Resources Corporation
Investor Services, 604-684-6365
or 800-667-2114 (within North America)
Fax: 604-684-8092
Website: www.hdgold.com
--------------------------------------------------------------------------------
Source: Anooraq Resources Corporation
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I'm banking on it.
While on the subject of machinery, try a search for spyware on your system. Go to techtv.com, find the link to spybot search and destroy 3.5 meg, download from the cnet site, immediately download updates and run the program. You will be amazed at the stuff you find on your hard drive. I intend to follow up with adware, listed on the same techtv page.
Whatever it is, it woke up my audio that I thought I had completely neutralized. I don't remember opening an exe file but get the error message every time.
Please try to cheer up Michael. I'm sure every one is still here, just keeping low in the foxhole at the moment. I, for one, enjoy this thread no end. Your recent technical posts have been better than ever. You've correctly pinpointed this correction in the mining stocks and the out come should be interesting.
Holy Moly, CAU up 43 cents to 3.20 on half million share volume and no news to account for it once again
Convincing evidence that a reversal may be on the way. What's the tactic providing the most leverage to take advantage of the move?
PDG leap calls 2006 strike 17.50 are weakening slightly to 3.30 ask probably on a stall below 400 POG. Seems like these are a given to run strongly in the next two years. Or am I dreaming?
No wonder it keeps printing new highs.
Birim goldfields blew off it's previous top at 1.05 for a 21% gain on good volume. Seems like the more issues I hold, the more this keeps hapening.
Congratulations indeed, This is a great forum with some outstanding participants.
Thanks , thats great advice. I can't shake the feeling that we're living thru historic times day to day right now and that we're so closely focused, it's hard to see it.
Let that be a lesson to me regarding trying to cherry pick those CC recommendations.
You bet, I knew I'd be kicking myself down the line for not buying at least twice the quantity I did. This one is as close to a no brainer as you ever get handed.
American Bonanza gapped up almost 17% on huge volume. Still does'nt make up for missing the buy on GLR. Where was I?
Well worth reading, puts the whole thing into a different perspective, does'nt it?
Eva, who is this bb on SI? That move today on Southern Star and Exall combined with the previous bombastic table pounding on Sunridge have really got me beginning to wonder.
Nice timing on GRS. That's the entry I wanted. Would attempt to hold for a while.
Yup, just as we thought it might perform. Now where's the top of the pole?
I don't think we see that 2.70 print again. This one's heading higher.
Yeh, apparently Kitco is suspect in this regard. There's already a great bit of skepticism on this data.
Now that's impressive. I'd have to say that somewhere behind the curtain, something must indeed be up.
Well timed entry. This one has a wide following.
Yet another astute technical study. With all of us buying in various increments, this thing could very well begin to melt up.I've certainly done my part and am stangely devoid of fear.
In your opinion, would the rational response be to pull the ripcord at the top of the pole?
Well in the case of this one, there may be actual inherent value as the last enviofriendly mine redesign shows a 6 million au extaction, down from 10 proven. But I can't find any news to account for the move so your perception that people are just looking for something that has'nt blown off to throw money into should be making me fairly nervous at this point as I just bought the great laggard, CKG.
What in the heck is pushing CAU the last couple of days? I leave the computer and the lid blows off. Knew I did'nt buy enough of this thing.