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News for 'TGIC' - (Triad Guaranty Inc. Reports Second Quarter Results)
WINSTON-SALEM, N.C., Aug. 14, 2012 /PRNewswire via COMTEX/ -- Triad Guaranty
Inc. (OTCBB: TGIC) today reported a net loss for the quarter ended June 30, 2012
of $31.3 million compared to a net loss of $37.7 million for the f! irst quarter
of 2012 and a net loss of $4.4 million during the second quarter of 2011. The
2012 second quarter diluted loss per share was $2.05 compared to a diluted loss
per share of $2.47 for the 2012 first quarter and $0.29 for the second quarter
of 2011.
The net loss for the six months ended June 30, 2012 was $69.0 million compared
to a net loss of $9.3 million for the six months ended June 30, 2011. The
diluted loss per share was $4.52 for the six months ended June 30, 2012 compared
to a diluted loss per share of $0.61 for the six months ended June 30, 2011.
Ken Jones, President and CEO, said, "During the second quarter, we continued to
see a drop in the number of new defaults as well as the total risk in default.
Primary risk in default declined by 8.2% during the second quarter of 2012
compared to a sequential decline of 7.4% in the first quarter of 2012 and 6.9%
in the second quarter of 2011. Net losses and loss adjustm! ent expenses for the
second quarter amounted to $68.2 million compa red to $67.9 million in the first
quarter of 2012, and up substantially from the $41.3 million reported in the
second quarter of 2011. Comparisons to the second quarter of 2011 is difficult
due to the positive impact of reserve adjustments during that period. Settled
claims were $108.1 million in the second quarter of 2012 compared to $97.1
million during the 2012 first quarter and $111.6 million in the second quarter
of 2011. Persistency, the key driver of our earned premiums, remained at
elevated levels compared to historical norms as many borrowers are finding it
difficult to sell or refinance their homes."
Mr. Jones continued, "As a company in run-off, our primary focus remains on the
efficient and effective servicing of our insured portfolio, particularly with
respect to loss management, in order to maximize our claims-paying ability. Our
deficit in assets remains substantial and was $771.4 million at June 30, 2012.
We believe ! that, absent significant positive changes in the economy and the
residential real estate market, our existing assets and future premiums likely
will not be sufficient to meet our current and future policyholder obligations."
We have updated the quarterly statistical and supplemental information for the
2012 second quarter results on our web site at www.triadguaranty.com. The
supplemental information can be found under "Investors" and then under "Webcasts
and Presentations" by the title "Supplemental Information - Second Quarter
2012".
(Relevant Triad Guaranty Inc. financial and statistical information follows)
Triad Guaranty Inc.'s wholly owned subsidiary, Triad Guaranty Insurance
Corporation, is a nationwide mortgage insurer pursuing a run-off of its existing
in-force book of business. For more information, please visit the Company's web
site at www.triadguaranty.com.
Certain of the statements contained in this release! are "forward-looking
statements" and are made pursuant to the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995. These statements include estimates and
assumptions related to economic, competitive, regulatory, operational and
legislative developments. These forward-looking statements are subject to
change, uncertainty and circumstances that are, in many instances, beyond our
control and they have been made based upon our current expectations and beliefs
concerning future developments and their potential effect on us. Actual
developments and their results could differ materially from those expected by
us, depending on the outcome of a number of factors, including: the possibility
that the Illinois Department of Insurance may take various actions regarding
Triad if it does not operate its business in accordance with its revised
financial and operating plan and the corrective orders, or for other reasons,
including seeking receivership proceedings; our ability to operate our bus! iness
in run-off and maintain a solvent run-off; our ability to continue as a going
concern; the possibility of general economic and business conditions that are
different than anticipated; legislative, regulatory, and other similar
developments; changes in interest rates, employment rates, the housing market,
the mortgage industry and the stock market; legal and other proceedings
regarding modifications and refinancing of mortgages and/or foreclosure
proceedings; the possibility that there will not be adequate interest in our
common stock on the over the counter markets to ensure efficient pricing; and
various factors described under "Risk Factors" and in the "Safe Harbor Statement
under the Private Securities Litigation Reform Act of 1995" in our Annual Report
on Form 10-K for the year ended December 31, 2011 and in other reports and
statements filed with the Securities and Exchange Commission. Forward-looking
statements are based up! on our current expectations and beliefs concerning future
events an d we undertake no obligation to update or revise any forward-looking
statements to reflect the impact of circumstances or events that arise after the
date the forward-looking statements are made, except as otherwise required by
law.
Triad Guaranty Inc. ! ;
Consolidated Statements of Operations
(Unaudited) ! ; &nb sp;
!
&! nbsp; ;
&! nbsp;
Three Months Ended Six Months Ended
! ; &nb sp; June 30, June 30,
! ;
2012 2011 2012 2011 !
& nbsp; (Dollars in thousands except per share amounts)
Revenues: !
Earned premiums $ 36,760 $ 35,394 $ 71,297 ! ; $ 72,522 & nbsp;
Net investment income 5,874 8,126 11,983 16,617
Net realized investment gains 807 &nb! sp; 3,000 980 2,564
Other income 2,513 29 2,516 56 &nbs! p;
; Total revenues 45,954 46,549 86,776 91,759
Losses and Expenses: &! nbsp;
Net settled claims 108,134 111,583 205,266 218,492 &! nbsp;
&nb sp; Decrease in reserves (41,024) (70,752) (71,556) (137,446)
Loss adjustment expenses 1,074 469 &n! bsp; 2,456 1,959
Net losses and loss adjustment expenses 68,184 41,300 136,166 83,005
&! nbsp; ;
Interest expense 4,938 4,469 &nbs! p; 9,919 8,447
Other operating expenses 4,136 5,178 9,720 9,615
Total losses and expenses &nbs! p; &n bsp; 77,258 50,947 155,805 101,067
Loss before income taxes (31,304) (4,398) (69,029) (9,308)
&n! bsp; Income tax expense - - - -
&nb! sp; & nbsp;
Net loss $ (31,304) $ &n! bsp; (4,398) $ (69,029) $ (9,308)
&n! bsp;
Per Share Information:
Diluted loss per share &nb! sp; $ (2.05) $ (0.29) $ (4.52) $ (0.61)
&n! bsp;
Diluted weighted average common stock and common
stock equivalents outstanding (in thousands of shares) 15,293 15,! 258 15,275 15,241
Triad Guaranty Inc.
Consolidated Balance Sheets &nbs! p; &n bsp;
! ;
!
& nbsp; (Unaudited) (Unaudited)
&nb! sp; June 30, December 31, June 30,
2012 2011 2011
&nb! sp; & nbsp; (Dollars in thousands)
Assets: &nbs! p;
Invested assets: &n! bsp;
&nb sp; Fixed maturities, available for sale, at market $ 705,250 $ 746,238 $ 757,124
Short-term investments 34,014 30,102 65,894
&nbs! p;
! ; &nb sp; 739,264 776,340 823,018
! ;
Cash and cash equivalents 36,037 40,590 40,277
Reinsurance recoverable 19,372 &nbs! p; 22,988 &n bsp; 31,230
Other Assets 53,351 56,309 46,141
&n! bsp;
Total assets $ 848,024 $ ! ; 896,227 $ & nbsp; 940,666
Liabilities: &nbs! p;
Losses and loss adjustment expenses $ 779,179 $ 854,188 $ 910,530
&n! bsp; Unearned premiums 7,116 6,871 8,642
Deferred payment obligation 723,551 629,700 517,193 &n! bsp;
Other liabilities 109,576 109,042 97,629
&nbs! p; &n bsp;
Total liabilities 1,619,422 1,599,801 1,533,994
&nb! sp;
Stockholders' deficit: ! &nbs p;
Accumulated deficit (895,844) (826,815) (728,354)
Accumulated other comprehensive income &! nbsp; 10,175 8,977 20,769
Other equity accounts 114,271 114,264 114,257
&nb! sp; & nbsp;
Deficit in assets (771,398) (703,574) (593,328) ! ;
Total liabilities and stockholders' deficit &n! bsp; $ ; 848,024 $ 896,227 $ 940,666
&nbs! p;
! ; &nb sp;
Common shares outstanding (in thousands) 15,368 15,328 15,328
Triad Guaranty Inc. &nb! sp;
Consolidated Statements of Cash Flow
(Unaudited) &nb! sp; & nbsp;
&nb! sp;
Six Months Ended
! ; &nb sp; June 30,
&n! bsp; 2012 2011
(Dolla! rs in thousands)
OPERATING ACTIVITIES ! ;
Net loss $ (69,029) $ (9,308)
Adjustments to reconcile net loss to net cash ! &nbs p;
used in operating activities:
Decrease in loss and unearned premium reserves (74,764) (149,921) &nbs! p;
Decrease in amounts due to/from reinsurer 3,616 9,576
Net realized investment gains (980) (2,564)
Inc! rease in deferred payment obligation &nbs p; 93,851 101,536
Collection of income taxes recoverable - 11,707
Other operating activities 5,269 7,881 &! nbsp;
Net cash used in operating activities (42,037) &nb! sp; (31,093) &nbs p;
&
News for 'LGBS' - (Legends Executes Agreement for Multi-Function Charger Controller Legends Business Group, Inc. Announced Exclusive Rights to Manufacture and Distribute Proprietary Multi-Function Charger Controller (MFCC))
MIAMI, Jul 31, 2012 (GlobeNewswire via COMTEX) -- Legends Business Group(LGBS:PK) today announced it has completed an agreement under which Legends has
the exclusive rights to manufacture and distribute the Multi-Function Charge
Controller (MFCC).
Under the terms of the agreement, Legends Business Group will have the rights to
beta test, manufacture and distribute the MFCC in exchange for ten million
shares of restricted common stock and a small percentage of gross revenue per
unit. In addition to exercising its new rights, Legends has also agreed that it
will make its' best efforts to become a fully reporting Bulletin Board company
by the end of the fourth reporting quarter of 2012.
"Since discovering the existence of the MFCC, Legends has been working along
side of its creator to ensure this product became a reality," said Rudy Sablon,
LGBS's President and CEO. "I'm proud to finally announce this long awaited
unveiling."
"Described as a state-of-the-art multi-function charging controller, th! e MFCC is
powered by either an AC or Solar input and will automatic ally detect and charge
lead acid or sealed lead acid batteries. The device will automatically adjust
for the following voltages, 12, 24, 36, and 48VDC. This unit will also provide
real time charging information to a terminal session established on computer via
a standard onboard serial port. The MFCC utilizes complex charging algorithms in
association with bi-directional feedback to attain the optimal charging sequence
for each charging sessions. Unlike conventional chargers, which tend to use only
one method and one direction, the MFCC digitally and thermally continuously
adjusts throughout the charging cycle. The net result is more energy stored
along with higher resting voltage and longer battery life," said its creator,
whose name will be announced pending closure of ongoing endeavors with Legends.
To find out more details about the MFCC please visit
http://www.legendspower.com/current_projects.php
One of Legends new undertaking! s is overall transparency to its shareholders;
this can be demonstrated on our website under current projects -- MFCC
Agreement. Visit: http://www.legendspower.com/current_projects.php
About Legends Business Group
Legends Business Group, Inc. was incorporated in March 2006, and is a publicly
traded company. The company has recently refocused its purpose and has moved
itself into the alternative and exotic energy marketplace. For more information
please visit: http://www.legendspower.com
Safe Harbor Statement
This report includes forward-looking statements covered by the Private
Securities Litigation Reform Act of 1995. Because such statements deal with
future events, they are subject to various risks and uncertainties and actual
results for the fiscal year and beyond could differ materially from the
Company's current expectations. Forward-looking statements are identified by
words such as "anticipates," "projects," "! expects," "plans," "intends,"
"believes," "estimates," "targets," a nd other similar expressions that indicate
trends and future events. Factors that could cause the Company's results to
differ materially from those expressed in forward-looking statements include,
without limitation, variation in demand and acceptance of the Company's products
and services, the frequency, magnitude and timing of paper and other
raw-material-price changes, general business and economic conditions beyond the
Company's control, timing of the completion and integration of acquisitions, the
consequences of competitive factors in the marketplace, cost-containment
strategies, and the Company's success in attracting and retaining key personnel.
Additional information concerning factors that could cause actual results to
differ materially from those projected is contained in the Company's filings.
The Company undertakes no obligation to revise or update forward-looking
statements as a result of new information since these statement! s may no longer
be accurate or timely.
This news release was distributed by GlobeNewswire, www.globenewswire.com
SOURCE: Legends Business Group, Inc.
By Staff
CONTACT: CONTACT: Corporate:
Rodolfo Sablon
Phone: 305-767-7993
Email: info@legendspower.com
(C) Copyright 2010 GlobeNewswire, Inc. All rights reserved.
-0-
INDUSTRY KEYWORD: Energy Industries
SUBJECT CODE: ENERGY
&nb! sp; CONTRACTS
&n bsp; Business Contracts
this one's on a run today, LGBS at .0065
News for 'LGBS' - (Legends Retains Auditor; Preparing to Regain Its SEC Fully Reporting Status Legends Business Group, Inc. Retains Patrick Rodgers, CPA, PA to Become SEC Fully Reporting)
MIAMI, Jul 24, 2012 (GlobeNewswire via COMTEX) -- Legends Business Group (LGBS:
PK) is pleased to announce t! hat it has retained Patrick Rodgers, CPA, PA based
in Florida, as its' auditor.
"Legends is proud to have taken its first step to become a fully reporting
Bulletin Board Company by retaining Patrick Rodgers, CPA, PA to perform the
upcoming audit required to meet any reporting needs with the Securities and
Exchange Commission ("SEC")," said Rudy Sablon, LGBS's President and CEO.
Legends is one step closer to its goal in being reinstated as registered with
the SEC pursuant to 12(g) of the Exchange Act moving the company up to their
required filings, as a fully reporting bulletin board company. This step will
provide a regulated quotation service that displays real-time quotes, last-sale
prices, volume information for over-the-counter securities. "A move to fully
reporting SEC filers status will increase Legends exposure to the investment
community at a critical time when we launch our own products and prepare to move
in our new d! irection," said Rudy Sablon, LGBS's President and CEO.
Patrick Rodgers, CPA, PA has assisted various public companies with their goal
of becoming fully reporting, bringing a vast knowledge base of accounting and
audit expertise. He has also audited Legends Business Group, Inc. in the past
and is familiar with their accounting and is planning to meet Legends' deadline
of being fully reporting by the end of the fourth quarter 2012.
One of Legends new undertakings is overall transparency to its shareholders;
this can be demonstrated on our website under current projects -- Letter of
Engagement. Visit: http://www.legendspower.com/current_projects.php
About Legends Business Group
Legends Business Group, Inc. was incorporated in March 2006 and is a publicly
traded company. The company has recently refocused its purpose and has moved
itself into the alternative and exotic energy marketplace. For more information,
please visit: http://www.legendspower.com
Safe Harbor Statement
This r! eport includes forward-looking statements covered by the Private
Securities Litigation Reform Act of 1995. Because such statements deal with
future events, they are subject to various risks and uncertainties and actual
results for the fiscal year and beyond could differ materially from the
Company's current expectations. Forward-looking statements are identified by
words such as "anticipates," "projects," "expects," "plans," "intends,"
"believes," "estimates," "targets," and other similar expressions that indicate
trends and future events. Factors that could cause the Company's results to
differ materially from those expressed in forward-looking statements include,
without limitation, variation in demand and acceptance of the Company's products
and services, the frequency, magnitude and timing of paper and other
raw-material-price changes, general business and economic conditions beyond the
Company's control, timing of the completion and ! integration of acquisitions, the
consequences of competitive factor s in the marketplace, cost-containment
strategies, and the Company's success in attracting and retaining key personnel.
Additional information concerning factors that could cause actual results to
differ materially from those projected is contained in the Company's filings.
The Company undertakes no obligation to revise or update forward-looking
statements as a result of new information since these statements may no longer
be accurate or timely.
This news release was distributed by GlobeNewswire, www.globenewswire.com
SOURCE: Legends Business Group, Inc.
By Staff
CONTACT: CONTACT: Investor/Public Relations/Corporate:
Rodolfo Sablon
Phone: 305! -767-7993
Email: info@legendspower.com
(C) Copyright 2010 GlobeNewswire, Inc. All rights reserved.
-0-
INDUSTRY KEYWORD: Energy Industries
SUBJECT CODE: ENERGY
Stock Market News
lizzy - our 2012 list is looking preety sad...
morning lizzy,
that one shot up for a double!
News for 'RCKE' - (Rock Energy Resources Provides June Month-End Update For Gold Mining Operations In Colorado)
HOUSTON, July 17, 2012 /PRNewswire via COMTEX/ -- Rock Energy Resources, Inc.
(OTCQB: RCKE) today provided its monthly update on mining and related matters to
the Company for the mon! th of June 2012.
Mining: 232 tons of ore were mined in June, of which 65 tons were shipped to our
demonstration mill. Approximately 260 additional tons of ore are stockpiled to
date in underground ore chutes. Stope development and ore production are
underway. Westward drift extension will begin in August.
Milling and Refining: 70 tons of ore were milled in June, 5 tons being taken
from previous stockpiles. Our larger demonstration mill facility has been on
line now for the past month with improvements being made daily for higher
recovery rates.
Refining options for gold sales and platinum group metals resulted in the
purchase of a concentrating table used to upgrade gravity concentrates. The
table was installed June 22 and has been used to upgrade concentrates while
waiting for additional equipment to be delivered in the coming weeks.
Sales and Inventory: Approximately 30 ounces of gold concentrates were produced
whi! ch are being processed on a table used specifically for upgrading grav ity
concentrates to a salable product. To date we have accumulated in excess of
1,000 lbs. of high grade concentrate. We will begin an aggressive refining and
sales process of these valuable concentrates when ordered equipment installation
is complete.
Coring and 43-101 Activity: In furtherance of our priority to produce SEC Guide
7 compliant resources and reserves, over the past month we have completed 5 core
holes. Hole depths have ranged from 416 to 485 feet. Based on considerable
encouragement from these first five holes, a sixth core hole has been taken
substantially deeper and is planned to extend to a depth of 3,500 feet. As of
this date that sixth core hole is at a depth of 2,130 feet and continues to
drill ahead based on highly encouraging results. Significant sulphide
mineralization has been encountered and has been shipped to a certified lab for
assays. Core logging, examination, splitting and assay work is underway. This!
early analysis leads us to believe that our estimates of potential reserves will
be substantiated with this work and with additional planned deeper drilling.
Geology and engineering reports will be forthcoming.
Ore grades are based on historical production records and have been averaged
throughout the mine. The Red Arrow Mine has a history of high grade ore pockets
in the vein structure. Eleven samples were taken at 10 ft. intervals along the
strike of the current work area in the Gold Run stope with the ore averaging
well over 1 ounce gold per ton. At least 1 ounce silver is also present. One of
the 11 control assays was 26.5 ounces gold per ton along with 7.47 ounces silver
per ton. Assays were performed by a highly reputable Colorado assay firm.
Duplicate samples are being prepared for shipment to a certified assay lab and
will include platinum group metal results.
Land Activities: As previously noted, we expanded our land ! activities based upon
aero-magnetic surveys and now hold approximat ely 2,500 acres of claims and fee
lands. We believe these holdings sufficiently cover our areas of interest at
both our existing mine portal levels as well as the potentially much larger
deeper horizons. At the time of acquisition in December of last year our land
position was 690 acres.
Purchase of Remaining 51% of Red Arrow Gold Corporation: Rock Energy Resources,
Inc. and Red Arrow Gold Corporation are continuing to work on finalizing the
purchase of the remaining 51% of the Red Arrow Corporation. Based on our current
agreement, Rock Energy has provided all capital for the Red Arrow project and
owns 100% of the revenues. All claims and equipment are currently in American
Patriot Gold until 100% of the Rock Energy investment is returned. At that time
the revenue split will revert to 51%-49%. We are diligently working with Red
Arrow on acquiring several notes from current note holders of Red Arrow Gold
Corporation, as part of the p! urchase
Guidance: We continue to project positive cash flows for our third quarter of
2012.
Website: Please visit www.americanpatriotgold.com for updated drilling reports
and photos.
Cautionary Statements
CAUTIONARY STATEMENT REGARDING FUTURE RESULTS AND FORWARD-LOOKING STATEMENTS:
This Web site and press release contains information, including statements as to
the Company's future financial or operating performance, that constitute
"forward-looking statements" within the meaning of Section 27A of the Securities
Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934,
as amended, which statements are intended to be covered by the safe harbor
created by such sections and other applicable laws. All statements, other than
statements of historical fact, are forward-looking statements. The words
"believe", "expect", "anticipate", "contemplate", "target", "plan", "intends",
"continue", "budget", ! "estimate", "may", "will", "schedule" and similar
expressions ident ify forward-looking statements. Forward-looking statements are
necessarily based upon a number of estimates and assumptions that, while
considered reasonable by the Company, are inherently subject to significant
business, economic and competitive uncertainties and contingencies. Known and
unknown factors could cause actual results to differ materially from those
projected in the forward-looking statements. Such forward-looking statements
include, without limitation: (i) estimates of future mineral production, results
and sales; (ii) estimates of future costs applicable to sales, other expenses
and taxes, for specific operations and on a consolidated basis; (iii) estimates
of future capital expenditures, construction, production or closure activities;
(iv) statements regarding future exploration potential, asset potential,
potential resource expansion and targeted production; (v) estimates and
expectations regarding reserves, nonreserve min! eralization and potential ounces;
(vi) statements regarding fluctuations in capital and currency markets; (vii)
statements regarding potential cost savings, productivity, operating
performance, and cost structure; (viii) expectations regarding the development,
growth, mine life, production and costs applicable to sales and exploration
potential of the Company's projects; and (ix) expectations regarding the impacts
of operating technical or geotechnical issues in connection with the Company's
projects or operations. Estimates or expectations of future events or results
are based upon certain assumptions, which may prove to be incorrect. Such
assumptions, include, but are not limited to: (i) there being no significant
change to current geotechnical, metallurgical, hydrological and other physical
conditions; (ii) permitting, development, operations and expansion of the
Company's projects being consistent with current expectations and mine pl! ans;
(iii) certain price assumptions for gold, copper and oil; (iv) certain effective
tax rate assumptions (v) prices for key supplies being approximately consistent
with current levels; and (vi) the accuracy of our current mineral reserve and
mineral resource estimates. Where the Company expresses or implies an
expectation or belief as to future events or results, such expectation or belief
is expressed in good faith and believed to have a reasonable basis. However,
forward-looking statements are subject to risks, uncertainties and other
factors, which could cause actual results to differ materially from future
results expressed, projected or implied by such forward-looking statements. Such
risks include, but are not limited to, gold and other metals price volatility,
currency fluctuations, increased production costs and variances in ore grade or
recovery rates from those assumed in mining plans, political and operational
risks in the jurisdiction in which we operate, changes in governmental
regulatio! n, including taxation, environmental, permitting and other regulations,
and judicial outcomes The Company does not undertake any obligation to release
publicly revisions to any "forward-looking statement," to reflect events or
circumstances after the date of publication, or to reflect the occurrence of
unanticipated events, except as may be required under applicable securities
laws.
Contact: Rocky V Emery Chairman & CEO Rock Energy Resources, Inc.Managing Member
American Patriot Gold10350 Richmond AvenueSuite 800Houston, Texas
77042www.americanpatriotgold.comRemery@americanpatriotgold.comO: 713-400-3013C:
832-691-7991
SOURCE Rock Energy Resources, Inc.
www.prnewswire.com
Copyright (C) 2012 PR Newswire. All rights reserved
-0-
KEYWORD: Texas
&nb! sp; Colorado
INDUSTRY KEYWORD: OTC
MIN
MNG
PRM
SPOW .0265
News for 'LGBS' - (*DJ Legends Executes Letter Of Intent; Acquires New Type Of Battery Charging Device >LGBS)
(MORE TO FOLLOW) Dow Jones Newswires (212-416-2800)
July 17, 2012 09:30 ET (13:30 GMT)
Copyright (c) 2012 Dow Jones & Company, Inc.- - 09 30 AM EDT ! 07-17-12
hey lizzy,
how's it going, looks like $ 0.20 and still climbing.
I agree, this is your typical penny stock promotion.
News for 'LGBS' - (Legends Seeks Rights to New Battery Charging Technology and Begins Process to Become Fully Reporting)
MIAMI, Jul 10, 2012 (GlobeNewswire via COMTEX) -- Legends Business Group (Pink
Sheets:LGBS) announced today it is in negotiations to become the exclusive
manufacturer and de! aler for a new type of battery charging technology. As part
of these negotiations, Legends will become a fully-reporting company under the
U.S. Securities and Exchange Commission (SEC) regulations. Although quiet over
the last couple of months, the company has been very busy preparing its future
direction in the sustainable energy market.
"We here at Legends think the evolution of the battery charger can be a game
changer in the green energy marketplace," said Rudy Sablon, President and CEO of
Legends. In our opinion, current battery charging technology is inadequate,
inefficient, and one directional. These issues tend to lead to higher costs,
lower performance, and decreased longevity. With these restrictions we cannot
move from fossil fuels to clean energy economically and successfully. "The need
for new efficient energy storage technology is now, and Legends thinks it has
found it!"
The company is currently in the process of! obtaining the exclusive rights to a
new type of battery charger th at can help eliminate the restrictions of current
battery technology. Sablon predicts that Legends should be able to conclude
negotiations in the next couple of weeks adding, "After months of research and
testing we believe the company is on the verge of a major breakthrough in highly
efficient battery charging technology and can not wait to bring it to the
public."
Not only will Legends be bringing this exclusive product to the market, but also
we have agreed to regain our fully reporting status with the SEC. Legends
aspires to be a fully reporting company by the end of 4th quarter 2012.
"Becoming a fully reporting company is projected to lead to a substantial
upgrade from our Current Information status on the OTC Pinks," states Rudy
Sablon, President and CEO of Legends. Legends hopes this new exposure and
transparency will apprise its shareholders as new events unfold adding value and
significant revenue growth for Legends Busines! s Group over the next couple of
months.
About Legends Business Group
Legends Business Group, Inc., was incorporated in March 2006, and is a publicly
traded company. The company has recently refocused its purpose and has moved
itself into the alternative and exotic energy marketplace. For more information
please visit: http://www.legendspower.com
Safe Harbor Statement
This report includes forward-looking statements covered by the Private
Securities Litigation Reform Act of 1995. Because such statements deal with
future events, they are subject to various risks and uncertainties and actual
results for the fiscal year and beyond could differ materially from the
Company's current expectations. Forward-looking statements are identified by
words such as "anticipates," "projects," "expects," "plans," "intends,"
"believes," "estimates," "targets," and other similar expressions that indicate
trends and future events. Facto! rs that could cause the Company's results to
differ materially from those expressed in forward-looking statements include,
without limitation, variation in demand and acceptance of the Company's products
and services, the frequency, magnitude and timing of paper and other
raw-material-price changes, general business and economic conditions beyond the
Company's control, timing of the completion and integration of acquisitions, the
consequences of competitive factors in the marketplace, cost-containment
strategies, and the Company's success in attracting and retaining key personnel.
Additional information concerning factors that could cause actual results to
differ materially from those projected is contained in the Company's filings.
The Company undertakes no obligation to revise or update forward-looking
statements as a result of new information since these statements may no longer
be accurate or timely.
This news release was distributed by GlobeNewswire, www.globenewswire.com
SOURCE: Legends B! usiness Group, Inc.
By Staff
CONTACT: CONTACT: Investor / Public Relations:
Rodolfo Sablon
Phone: 305-767-7993
Email: info@legendspower.com
Corporate:
Rodolfo Sablon
! ; Phone: 30 5-767-7993
Email: info@legendspower.com
(C) Copyright 2010 GlobeNewswire, Inc. All rights reserved.
-0-
INDUSTRY KEYWORD: Energy Industries
SUBJECT CODE: ENERGY
ENVIRONMENT
Company Announcement
hey lizzy, wow - wish we had a piece of that!
Hope your doing well!
News for 'RCKE' - (Rock Energy Resources Provides April Month-End Update for Gold Mining Operations in Colorado)
HOUSTON, Jun 01, 2012 (BUSINESS WIRE) -- Rock Energy Resources, Inc.
(OTCQB:RCKE) today provided its monthly update on mining and related matters to
the Company.
Mining: Init! ial mining began on April 30 with an initial rate of 3 tons per day.
As of May 31, 2012 we were mining at a rate of 7 tons per day and continuing to
increase monthly.
Milling Operations: We are currently running approximately 7 tons per day of
high grade ore. The concentrates are then shipped for final processing.
Refining: At the end of May, we successfully tested our green refining process
that was implemented after a push back on the delivery of previously ordered
equipment. We are pleased with the results from the sample that was sold as .999
gold. We will continue to ship high grade concentrates for assays and
processing.
Core Analysis: Core analysis has begun on cores previously drilled. Core logging
from current core drilling has also begun.
Drilling: As of May 31, 2012, 485 feet of core has been produced. This is the
first of up to 6 holes in the fan drilling program previously announced.
43-101: Now that! the core drilling and analysis have begun, we are initiating
the 4 3-101 process. Management felt that this phase of the business plan should
begin once we had revenues. It was critical in our opinion to have revenues
first followed by a core drilling program.
Guidance: Our guidance for the second quarter financial results remains
unchanged.
Cautionary Statements
CAUTIONARY STATEMENT REGARDING FUTURE RESULTS AND FORWARD-LOOKING STATEMENTS:
This Web site and press release contains information, including statements as to
the Company's future financial or operating
performance, that constitute "forward-looking statements" within the meaning of
Section 27A of the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended, which statements are intended to be
covered by the safe harbor created by such sections and other applicable laws.
All statements, other than statements of historical fact, are forward-looking
statements. The words "believe", "exp! ect", "anticipate", "contemplate",
"target", "plan", "intends", "continue", "budget", "estimate", "may", "will",
"schedule" and similar expressions identify forward-looking statements.
Forward-looking statements are necessarily based upon a number of estimates and
assumptions that, while considered reasonable by the Company, are inherently
subject to significant business, economic and competitive uncertainties and
contingencies. Known and unknown factors could cause actual results to differ
materially from those projected in the forward-looking statements. Such
forward-looking statements include, without limitation: (i) estimates of future
mineral production, results and sales; (ii) estimates of future costs applicable
to sales, other expenses and taxes, for specific operations and on a
consolidated basis; (iii) estimates of future capital expenditures,
construction, production or closure activities; (iv) statements regarding future
ex! ploration potential, asset potential, potential resource expansion and
targeted production; (v) estimates and expectations regarding reserves,
nonreserve mineralization and potential ounces; (vi) statements regarding
fluctuations in capital and currency markets; (vii) statements regarding
potential cost savings, productivity, operating performance, and cost structure;
(viii) expectations regarding the development, growth, mine life, production and
costs applicable to sales and exploration potential of the Company's projects;
and (ix) expectations regarding the impacts of operating technical or
geotechnical issues in connection with the Company's projects or operations.
Estimates or expectations of future events or results are based upon certain
assumptions, which may prove to be incorrect. Such assumptions, include, but are
not limited to: (i) there being no significant change to current geotechnical,
metallurgical, hydrological and other physical conditions; (ii) permitting,
development, operations and e! xpansion of the Company's projects being consistent
with current expectations and mine plans; (iii) certain price assumptions for
gold, copper and oil; (iv) certain effective tax rate assumptions (v) prices for
key supplies being approximately consistent with current levels; and (vi) the
accuracy of our current mineral reserve and mineral resource estimates. Where
the Company expresses or implies an expectation or belief as to future events or
results, such expectation or belief is expressed in good faith and believed to
have a reasonable basis. However, forward-looking statements are subject to
risks, uncertainties and other factors, which could cause actual results to
differ materially from future results expressed, projected or implied by such
forward-looking statements. Such risks include, but are not limited to, gold and
other metals price volatility, currency fluctuations, increased production costs
and variances in ore grade or rec! overy rates from those assumed in mining plans,
political and opera tional risks in the jurisdiction in which we operate, changes
in governmental regulation, including taxation, environmental, permitting and
other regulations, and judicial outcomes The Company does not undertake any
obligation to release publicly revisions to any "forward-looking statement," to
reflect events or circumstances after the date of publication, or to reflect the
occurrence of unanticipated events, except as may be required under applicable
securities laws.
SOURCE: Rock Energy Resources, Inc.
CONTACT:
Rock Energy Resources, Inc.
Managing Member American Patriot Gold
Rocky V Emery, O: 713-400-3013 or C: 832-691-7991
Chairman & CEO
Remery@americanpatriotgold.com
Copyright Business Wire 2012
-0-
KEYWORD: United States
! ; North America
Colorado
Texas
INDUSTRY KEYWORD: Energy
Other Energy
Natural Resources
Mining/Minerals
morning lizzy, me either. I'm just an innocent bystander right now. Hope your moves are doing well for you.
News for 'TGIC' - (Triad Guaranty Inc. Reports First Quarter Results)
WINSTON-SALEM, N.C., May 11, 2012 /PRNewswire via COMTEX/ -- Triad Guaranty
Inc. (OTCBB: TGIC) today reported a net loss for the quarter ended March 31,
2012 of $37.7 million compared to a net loss of $60.9 million for the fo! urth
quarter of 2011 and a net loss of $4.9 million during the first quarter of 2011.
The 2012 first quarter diluted loss per share was $2.47 compared to a diluted
loss per share of $3.99 for the 2011 fourth quarter and $0.32 for the first
quarter of 2011.
Ken Jones, President and CEO, said, "During the 2012 first quarter, we
experienced the anticipated positive seasonal impact of lower first notices of
defaults and increased cure rates normally attributed to income tax refunds and,
to a lesser extent, year-end bonuses. As a result, primary risk in default
declined by 7.4% sequentially compared to a sequential decline of 4.7% in the
fourth quarter of 2011. Net losses and loss adjustment expenses for the first
quarter were $67.9 million, down from the $107.4 million reported in the fourth
quarter of 2011 which reflected an increase in the frequency factors utilized in
our reserve calculation. Settled claims were $99.4 million during! the 2012 first
quarter compared to $118.3 million in the 2011 four th quarter and $111.9 million
in the first quarter of 2011. Persistency, the key driver of our earned
premiums, remained at elevated levels compared to historical norms as many
borrowers are finding it difficult to sell or refinance their homes."
Mr. Jones continued, "As a company in run-off, our primary focus remains on the
efficient and effective servicing of our insured portfolio, particularly with
respect to loss management, in order to maximize our claims-paying ability. Our
deficit in assets remains substantial and was $737.8 million at March 31, 2012.
We believe that, absent significant positive changes in the economy and the
residential real estate market, our existing assets and future premiums likely
will not be sufficient to meet our current and future policyholder obligations."
We have updated the quarterly statistical and supplemental information for the
2012 first quarter results on our web site at www.triadguaranty.c! om. The
supplemental information can be found under "Investors" and then under "Webcasts
and Presentations" by the title "Supplemental Information - First Quarter 2012".
(Relevant Triad Guaranty Inc. financial and statistical information follows)
Triad Guaranty Inc.'s wholly owned subsidiary, Triad Guaranty Insurance
Corporation, is a nationwide mortgage insurer pursuing a run-off of its existing
in-force book of business. For more information, please visit the Company's web
site at www.triadguaranty.com.
Certain of the statements contained in this release are "forward-looking
statements" and are made pursuant to the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995. These statements include estimates and
assumptions related to economic, competitive, regulatory, operational and
legislative developments. These forward-looking statements are subject to
change, uncertainty and circumstances that ar! e, in many instances, beyond our
control and they have been made ba sed upon our current expectations and beliefs
concerning future developments and their potential effect on us. Actual
developments and their results could differ materially from those expected by
us, depending on the outcome of a number of factors, including: the possibility
that the Illinois Department of Insurance may take various actions regarding
Triad if it does not operate its business in accordance with its revised
financial and operating plan and the corrective orders, or for other reasons,
including seeking receivership proceedings; our ability to operate our business
in run-off and maintain a solvent run-off; our ability to continue as a going
concern; the possibility of general economic and business conditions that are
different than anticipated; legislative, regulatory, and other similar
developments; changes in interest rates, employment rates, the housing market,
the mortgage industry and the stock market; legal and other pro! ceedings
regarding modifications and refinancing of mortgages and/or foreclosure
proceedings; the possibility that there will not be adequate interest in our
common stock on the over the counter markets to ensure efficient pricing; and
various factors described under "Risk Factors" and in the "Safe Harbor Statement
under the Private Securities Litigation Reform Act of 1995" in our Annual Report
on Form 10-K for the year ended December 31, 2011 and in other reports and
statements filed with the Securities and Exchange Commission. Forward-looking
statements are based upon our current expectations and beliefs concerning future
events and we undertake no obligation to update or revise any forward-looking
statements to reflect the impact of circumstances or events that arise after the
date the forward-looking statements are made, except as otherwise required by
law.
Triad Guaranty Inc. &n! bsp;
Consolidated Statements of Operations
(Unaud! ited)
&nb! sp; & nbsp;
!
&! nbsp; ; Three Months Ended
March 31,
!
2012 &n! bsp; 2011
(Dollars in thousands except per share amounts)
Revenues: &nb! sp;
Earned premiums $ 34,537 $ 37,128
Net investment income ! ; &nb sp; 6,109 8,491
Net realized investment gains (losses) 173 (436)
Other income &! nbsp; 3 27
Total revenues 40,822 45,210
Losses and Expenses: &! nbsp; ;
Net settled claims 97,131 106,909 &nbs! p;
Decrease in reserves (30,531) (66,694)
Loss adjustment expenses 1,382 1,490 &n! bsp;
&nbs p; Net losses and loss adjustment expenses 67,982 41,705
&n! bsp;
Interest expense 4,981 3,978
Other operating expenses 5,584 &nbs! p; 4, 437
Total losses and expenses 78,547 50,120
Loss before income taxes (37,725) &nbs! p; (4,910)
Income tax expense - -
! ; &nb sp;
Net loss $ (37,725) $ (4,910)
!
Per Share Information: &nb! sp; & nbsp;
Diluted loss per share $ (2.47) $ (0.32)
&nbs! p;
Diluted weighted average common stock and common
stock equivalents outstanding (in thousands of shares) 15,258 &! nbsp; 15,225&nbs p;
Triad Guaranty Inc. &n! bsp;
Consolidated Balance Sheets &! nbsp; ;
! ;
! &nbs p; (Unaudited) (Unaudited)
March 31, December 31, March 31,
&! nbsp; 2012 2011 2011
(! Dollars in thousands) & nbsp;
Assets:
&! nbsp; Invested assets:
Fixed maturities, available for sale, at market $ 740,802 $ 746,238 $ 810,439
&! nbsp; ; Short-term investments 44,094 30,102 32,469
&nb! sp;
784,896 776,340 842,908
&! nbsp; ;
Cash and cash equivalents 17,355 ! 40,590 39,073
Reinsurance recoverable 19,712 22,988 33,499
Other Assets &! nbsp; ; 53,732 56,309 48,528
&! nbsp;
Total assets $ 875,695 $ 896,227 $ 964,008
&nb! sp; & nbsp;
Liabilities: &nb! sp;
Losses and loss adjustment expenses $ 821,512 $ 854,188 $ 990,494
Unearned premiums 7,171 6,871&nb! sp; 9,220
Deferred payment obligation 674,191 629,700 464,342
Other liabilities 110,600 &nbs! p; 109,042 93,691
! &nbs p; Total liabilities 1,613,474 1,599,801 1,557,747
&n! bsp;
Stockholders' deficit:
&n! bsp; Accumulated deficit ; (864,540) (826,815) (723,956)
Accumulated other comprehensive income 12,493 8,977 15,963
Other equity accounts ! 114,268 114,264 114,254
&n! bsp;
Deficit in assets (737,779) (703,574) (593,739)
&! nbsp;
Total liabilities and stockholders' deficit $ 875,695 $ 896,227 $ 964,008
&nb! sp; & nbsp;
&nb! sp;
&nbs! p;
; Common shares outstanding (in thousands) 15,328 15,328 15,258
&nb! sp;
Triad Guaranty Inc.
Consolidated Statements of Cash Flow &! nbsp; ;
(Unaudited)
!
&! nbsp; Three Months Ended &nbs p;
March 31,
!
2012 2011 &nb! sp;
&nbs p; (Dollars in thousands)
&n! bsp;
OPERATING ACTIVITIES
Net loss &n! bsp; $ (37,725) $ (4,910)
Adjustments to reconcile net loss to net cash
used in operating activities: &nbs! p;
Decrease in loss and unearned premium reserves (32,376) (69,379)
Decrease in amounts due to/from reinsurer 3,276 7,307
! &nbs p; Net realized investment (gains) losses (173) 436
Increase in deferred payment obligation 44,491 48,685
Income taxes recoverable &! nbsp; - 11,707
Other operating activities 4,800 1,128
&nb! sp; & nbsp;
Net cash used in operating activities (17,707) (5,026)
&n! bsp;
INVESTING ACTIVITIES &! nbsp;
&n bsp; Purchases of investment securities (19,837) (27,539)
Sales and maturities of investment securities 28,062 26,514
Decrease (increase) in short-term investments&n! bsp; (13,970) 7,092
Other investing activities 217 (730)
Net cash (used in) provided by investing activities (5,528) 5,337 &nbs! p;
morning lizzy, looks like she gained a dime .79
News for 'RCKE' - (Rock Energy Engages RedChip Companies to Lead Public and Investor Relations Efforts)
HOUSTON, May 02, 2012 (BUSINESS WIRE) -- Rock Energy Resources, Inc. (OTCQB:
RCKE) ("Rock Energy" or the
"Company") has engaged
RedChip Companies, Inc.
("RedChip") to lead its
publi! c and investor relations efforts.
Rocky Emery, Chairman and CEO of Rock Energy, stated,
"With Rock Energy entering a new stage of growth, we
believe now is the time to expand our investor communications efforts. RedChip
has a successful track record and a robust IR platform that is well-suited for
growing companies such as ours. We look forward to working with
RedChip's professional team to bring our story to a
wider base of investors."
Dave Gentry, President and CEO of RedChip Companies, stated,
"Rock Energy is a producing junior miner with
significant upside potential. The Company recently began generating gold sales
from its Red Arrow mine, and its management team expects to grow revenues and
cash flow over the next two years. We plan to implement a full investor and
public relations program and introduce Rock Energy to our investor
network."
About Rock Energy Resources
Rock Energy Resources, Inc., through i! ts subsidiaries, engages in the
exploration, development, and produ ction of mineral properties in the United
States. It holds a 49% interest in the Red Arrow gold mine, which consists of
800+ acres of fee lands and mining claim, located in Montezuma County, Colorado.
The company was founded in 2004 and is based in Houston, Texas.
Cautionary Statements
CAUTIONARY STATEMENT REGARDING FUTURE RESULTS AND FORWARD-LOOKING STATEMENTS:
This Web site and press release contains information, including statements as to
the Company's future financial or operating
performance, that constitute "forward-looking statements" within the meaning of
Section 27A of the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended, which statements are intended to be
covered by the safe harbor created by such sections and other applicable laws.
All statements, other than statements of historical fact, are forward-looking
statements. The words "believe", "expect", "anticipate",! "contemplate",
"target", "plan", "intends", "continue", "budget", "estimate", "may", "will",
"schedule" and similar expressions identify forward-looking statements.
Forward-looking statements are necessarily based upon a number of estimates and
assumptions that, while considered reasonable by the Company, are inherently
subject to significant business, economic and competitive uncertainties and
contingencies. Known and unknown factors could cause actual results to differ
materially from those projected in the forward-looking statements. Such
forward-looking statements include, without limitation: (i) estimates of future
mineral production, results and sales; (ii) estimates of future costs applicable
to sales, other expenses and taxes, for specific operations and on a
consolidated basis; (iii) estimates of future capital expenditures,
construction, production or closure activities; (iv) statements regarding future
exploration potential! , asset potential, potential resource expansion and
targeted produc tion; (v) estimates and expectations regarding reserves,
nonreserve mineralization and potential ounces; (vi) statements regarding
fluctuations in capital and currency markets; (vii) statements regarding
potential cost savings, productivity, operating performance, and cost structure;
(viii) expectations regarding the development, growth, mine life, production and
costs applicable to sales and exploration potential of the Company's projects;
and (ix) expectations regarding the impacts of operating technical or
geotechnical issues in connection with the Company's projects or operations.
Estimates or expectations of future events or results are based upon certain
assumptions, which may prove to be incorrect. Such assumptions, include, but are
not limited to: (i) there being no significant change to current geotechnical,
metallurgical, hydrological and other physical conditions; (ii) permitting,
development, operations and expansion of the Com! pany's projects being consistent
with current expectations and mine plans; (iii) certain price assumptions for
gold, copper and oil; (iv) certain effective tax rate assumptions (v) prices for
key supplies being approximately consistent with current levels; and (vi) the
accuracy of our current mineral reserve and mineral resource estimates. Where
the Company expresses or implies an expectation or belief as to future events or
results, such expectation or belief is expressed in good faith and believed to
have a reasonable basis. However, forward-looking statements are subject to
risks, uncertainties and other factors, which could cause actual results to
differ materially from future results expressed, projected or implied by such
forward-looking statements. Such risks include, but are not limited to, gold and
other metals price volatility, currency fluctuations, increased production costs
and variances in ore grade or recovery rates from th! ose assumed in mining plans,
political and operational risks in the jurisdiction in which we operate, changes
in governmental regulation, including taxation, environmental, permitting and
other regulations, and judicial outcomes The Company does not undertake any
obligation to release publicly revisions to any "forward-looking statement," to
reflect events or circumstances after the date of publication, or to reflect the
occurrence of unanticipated events, except as may be required under applicable
securities laws.
SOURCE: Rock Energy Resources, Inc.
CONTACT:
Rock Energy Resources, Inc.
Rocky V. Emery, 713-400-3013
C: 832-691-7991
Chairman & CEO
Managing Member, American Patriot Gold
www.americanpatriotgold.com
Remery@americanpatriotgold.com
or
RedChip Companies, Inc.
Jon Cunningham
1-800-REDCHIP (733-2447), Ext. 107
info@redchip.com
www.redchip.com
Copyright Business Wire ! 2012
-0-
KEYWORD: United States
North America
Colorado
Texas
INDUSTRY KEYWORD: Natural Resources
Mining/Minerals
SUBJECT CODE: Contract/Agreement
HAUP - nice climber:)
$ 1.50 ?0.02 (1.35%)
News for 'PCFG' - (Pacific Gold Corp.: Pacific Metals Initiates Exploration Program on Graysill Mine)
TORONTO, ONTARIO, Apr 16, 2012 (MARKETWIRE via COMTEX) -- Pacific Gold Corp.
(OTCQB: PCFG)(PINKSHEETS: PCFG) is pleased to announce that its subsidiary
Pacific Metals Corp. has engaged a Color! ado based Geologist consulting firm to
begin research and field work on the Graysill Claims.
The currently planned scope of work consists of four phases; Phase 1: Detailed
research of the mine including geology, production, etc.; Phase 2: Field
evaluation of property and mine during summer field season; Phase 3: Exploration
program - drilling, sampling of old workings. This work directed by results of
field evaluation; Phase 4: NI-43-101 Report of exploration efforts.
The results from each phase will be a guide to subsequent activities. The Phase
1 research will consist of locating and assessing all available literature on
the mine followed by a summary report outlining findings. Additionally this
report will contain recommendations regarding future work on the property.
Phase 1 is estimated to be completed before the end of May 2012.
The production history of the Graysill Mine is known to have produced vanadium
and byp! roduct uranium during an approximately twenty year period after World War
II. Before the mine ceased production, approximately 32,000 tons of ore were
mined with a reported grade of 2.41% vanadium pentoxide and 0.09% uranium oxide.
The Company believes that there may be a currently known resource of up to
400,000 tons with further exploration potential.
To find out more about Pacific Gold Corp. (OTCQB: PCFG), visit the Company's
website at www.pacificgoldcorp.com.
About the Company
Pacific Gold Corp.'s business plan provides for the acquisition and development
of production-ready and in-production mining operations. The company is focused
on alluvial gold and base metals operations located in western North America.
Pacific Gold Corp. owns four operating subsidiaries: Nevada Rae Gold, Inc.,
which owns and operates the Black Rock Canyon gold mine, located in
north-central Nevada; Pilot Mountain Resources Inc., which owns Project W, a
large tungsten based deposit in Nevada; Fernley Gold, Inc.,! which has acquired
exclusive lease rights to mine the Lower Olinghouse Placers in north-western
Nevada; and Pacific Metals Corp., which owns claims in San Juan and Delores
Counties, Colorado, encompassing the historic Graysill Mine.
This news release includes forward-looking statements that reflect Pacific Gold
Corp.'s current expectations about its future results, performance, prospects
and opportunities. Pacific Gold Corp. has tried to identify these
forward-looking statements by using words and phrases such as "may", "will",
"expects", "anticipates", "believes", "intends", "estimates", "should",
"typical", "we are confident" or similar expressions. These forward-looking
statements are based on information currently available to Pacific Gold Corp.
and are subject to a number of risks, uncertainties and other factors that could
cause the Company's actual results, performance, prospects of opportunities in
the remainder of 2012 an! d beyond, to differ materially from those expressed in,
or implied by, these forward-looking statements.
Contacts:
Pacific Gold Corp.
416-214-1483
www.pacificgoldcorp.com
SOURCE: Pacific Gold Corp.
CONTACT: http://www.pacificgoldcorp.com
Copyright 2012 Marketwire, Inc., All rights reserved.
-0-
SUBJECT CODE: Manufacturing and Production:Mining and Metals
Pacific Gold Corp (PCFG) 0.0145 ?
your on a roll now Dave!
Yes, continuing to follow this one. Let's see how this plays out.
News for 'RCKE' - (Rock Energy Announces the Appointment of Richard Eaman to Coordinate Gold and Other Precious Metals Sales)
HOUSTON, Apr 05, 2012 (BUSINESS WIRE) -- Rock Energy, Inc. (OTCQB: RCKE)
announced today the appointment of Richard Eaman, Professional Extractive
Metalurgist, to coord! inate and execute Rock Energy’s
bullion production and sales process at the Mancos Colorado Red Arrow mine. Mr.
Eaman has 38 years of domestic and international experience in process research,
project management, design and production facilities for the minerals industry
including smaller scale mining operations to gold operations for Newmont Mining.
Commenting on the engagement with Rock Energy, Mr. Eaman stated,
“Over the past several years I have done extensive
analysis on the minerals from the Red Arrow Mine and am excited to be a part of
the company by taking the concentrates and producing the bullion products to
their point of sale. As I have stated in earlier reports on work I have done at
Red Arrow, this is one of the most attractive projects I have seen in my 38 year
career in the mining industry.
Rocky Emery, Chairman and CEO of Rock Energy added,
“This is an exciting time for us with the commence! ment
of bullion sales later this month. Our increased milling capac ity coming on line
this month will provide us a steady ramp-up in our cash flows to bring us cash
flow positive within the next 4-5 months. Having Richard work with us on this
critical aspect of our development is a great value added for our
shareholders.”
Cautionary Statements
CAUTIONARY STATEMENT REGARDING FUTURE RESULTS AND FORWARD-LOOKING STATEMENTS:
This Web site and press release contains information, including statements as to
the Company’s future financial or operating
performance, that constitute "forward-looking statements" within the meaning of
Section 27A of the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended, which statements are intended to be
covered by the safe harbor created by such sections and other applicable laws.
All statements, other than statements of historical fact, are forward-looking
statements. The words "believe", "expect", "ant! icipate", "contemplate",
"target", "plan", "intends", "continue", "budget", "estimate", "may", "will",
"schedule" and similar expressions identify forward-looking statements.
Forward-looking statements are necessarily based upon a number of estimates and
assumptions that, while considered reasonable by the Company, are inherently
subject to significant business, economic and competitive uncertainties and
contingencies. Known and unknown factors could cause actual results to differ
materially from those projected in the forward-looking statements. Such
forward-looking statements include, without limitation: (i) estimates of future
mineral production, results and sales; (ii) estimates of future costs applicable
to sales, other expenses and taxes, for specific operations and on a
consolidated basis; (iii) estimates of future capital expenditures,
construction, production or closure activities; (iv) statements regarding future
exploration ! potential, asset potential, potential resource expansion and
target ed production; (v) estimates and expectations regarding reserves,
nonreserve mineralization and potential ounces; (vi) statements regarding
fluctuations in capital and currency markets; (vii) statements regarding
potential cost savings, productivity, operating performance, and cost structure;
(viii) expectations regarding the development, growth, mine life, production and
costs applicable to sales and exploration potential of the Company's projects;
and (ix) expectations regarding the impacts of operating technical or
geotechnical issues in connection with the Company's projects or operations.
Estimates or expectations of future events or results are based upon certain
assumptions, which may prove to be incorrect. Such assumptions, include, but are
not limited to: (i) there being no significant change to current geotechnical,
metallurgical, hydrological and other physical conditions; (ii) permitting,
development, operations and expansion o! f the Company's projects being consistent
with current expectations and mine plans; (iii) certain price assumptions for
gold, copper and oil; (iv) certain effective tax rate assumptions (v) prices for
key supplies being approximately consistent with current levels; and (vi) the
accuracy of our current mineral reserve and mineral resource estimates. Where
the Company expresses or implies an expectation or belief as to future events or
results, such expectation or belief is expressed in good faith and believed to
have a reasonable basis. However, forward-looking statements are subject to
risks, uncertainties and other factors, which could cause actual results to
differ materially from future results expressed, projected or implied by such
forward-looking statements. Such risks include, but are not limited to, gold and
other metals price volatility, currency fluctuations, increased production costs
and variances in ore grade or recovery rate! s from those assumed in mining plans,
political and operational ris ks in the jurisdiction in which we operate, changes
in governmental regulation, including taxation, environmental, permitting and
other regulations, and judicial outcomes The Company does not undertake any
obligation to release publicly revisions to any "forward-looking statement," to
reflect events or circumstances after the date of publication, or to reflect the
occurrence of unanticipated events, except as may be required under applicable
securities laws.
SOURCE: Rock Energy Resources, Inc.
CONTACT:
Rock Energy Resources, Inc.
Rocky V Emery, 832-301-5968
Cell: 832-691-7991
Chairman & CEO
Managing Member American Patriot Gold
www.americanpatriotgold.com
Remery@americanpatriotgold.com
Copyright Business Wire 2012
-0-
KEYWORD: United States
! North America
Texas
INDUSTRY KEYWORD: Energy
Other Energy
Natural Resources
Mining/Minerals
Other Natural Resources
SUBJECT CODE: Personnel
morning gainers!
News for 'RCKE' - (Rock Energy Resources Announces Team of Geo-Technical Mining Advisors for Development of Red Arrow Mine and Adjacent Area)
HOUSTON, Apr 03, 2012 (BUSINESS WIRE) -- Rock Energy Resources, Inc. (OTCQB:
RCKE) announced today that it has completed the aggregation of its technicaladvisory team to assist the Company in its definitive implementation of both the
further build-out of its existing Red Arrow mine and the validation of potential
reserves in the adjacent areas. The assembly of this Team has been concurrent
with its recently completed areal magnetic survey of the Red Arrow mining area.
The team, whose summarized resumes follow, are now profiled in more depth on the
Company’s website.
David Gonzalez, PHd: Dr. Gonzalez holds a Bachelor of Science; Master of Science
and Doctorate in Geology and Geochemistry. Over the past fourteen years, Dr.
Gonzalez has built his reputation through a predominant focus on the mining
resources of Colorado. He has consulted for numerous privately held mining
concerns including Chevron Resources as well as the Colorado State Geological
Survey and the United Sates Geological Survey. Dr. Gonzalez has authored or
co-authored over 40 articles in his sphere of studies, a! gain primarily focused
on the minerals resources of Colorado. He is a member of the Society of
Exploration Geophycists; the American Geophysical Union; the Geological
Association of America; and numerous other Professional Associations.
Stephen Fearn, Professional Engineering Services: Mr. Fearn has over 30 years of
domestic and international experience in business management, project planning,
engineering and management, environmental remediation, engineering design,
construction and operations and maintenance of facilities associated with mining
and other major industrial plants. During the six year development of the
Freeport McMoran development of its Irian laya, Indonesia gold and copper mine
in Indonesia, Mr. Fearn oversaw the technical services in the development of
this world class resource. Mr. Fearn holds a double major in Mechanical
Engineering and Business Administration from the University of Colorado.
Frank P Fritz, Mineral Exploration Geophysics: 47 years experience in Mineral
Ex! ploration Geophysics. Extensive field applications on six continents and 27
countries for most metals from Antimony to Zinc with emphasis on base metals and
Gold. Supervision of data collection and interpretation of Helicopter
ElectroMagnetics, Time Domain EM, IP, Complex Resistivity, Resistivity, CSMT,
Airborne and Ground Magnetics, and Gravity. Additional experience in
MagnetoTellurics and mineral applications for refraction and reflection
seismics. Computer applications in data handling, interpretation, and modeling.
Thomas Hedlund, Registered Professional Engineer: Mr. Hedlund brings a 40+ year
career experience in mining engineering to our Company. Mr. Hedlund is a
graduate of the Colorado School of Mines and has previous work experience with
other mining companies including: Newmont Exploration; Edgemont Mining; Idorado
Mining; Teledyne Tungsten; and United Nuclear.
Rollin Lunders, Geophysical Consultant: Mr. Lunders brings ! an additional thirty
years of experience to our technical team incl uding prior work experience at
Anaconda Copper company and FMC Corporation. Mr. Lunders has assisted red Arrow
in the sampling, mapping and mining claim assessment process. He holds a B.S.
degree in Geology and has completed studies with the U.S. Army Corp of Engineers
training programs.
Commenting on the assembly of the company’s advisors,
Rocky Emery, Chairman and CEO of Rock Energy Resources stated,
“Since acquiring our interest in the Red Arrow mine
and adjacent areas, we have worked diligently to develop a highly skilled and
experienced group of geo-technical advisors who have the backgrounds and type of
experience that can help us maximize the value of our Red Arrow property. Craig
Liukko has again out done himself in hand picking this team of exceptionally
talented advisors."
Cautionary Statements
CAUTIONARY STATEMENT REGARDING FUTURE RESULTS AND FORWARD-LOOKING STATEMENTS:
This Web site and press ! release contains information, including statements as to
the Company’s future financial or operating
performance, that constitute "forward-looking statements" within the meaning of
Section 27A of the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended, which statements are intended to be
covered by the safe harbor created by such sections and other applicable laws.
All statements, other than statements of historical fact, are forward-looking
statements. The words "believe", "expect", "anticipate", "contemplate",
"target", "plan", "intends", "continue", "budget", "estimate", "may", "will",
"schedule" and similar expressions identify forward-looking statements.
Forward-looking statements are necessarily based upon a number of estimates and
assumptions that, while considered reasonable by the Company, are inherently
subject to significant business, economic and competitive uncertainti! es and
contingencies. Known and unknown factors could cause actual results to differ
materially from those projected in the forward-looking statements. Such
forward-looking statements include, without limitation: (i) estimates of future
mineral production, results and sales; (ii) estimates of future costs applicable
to sales, other expenses and taxes, for specific operations and on a
consolidated basis; (iii) estimates of future capital expenditures,
construction, production or closure activities; (iv) statements regarding future
exploration potential, asset potential, potential resource expansion and
targeted production; (v) estimates and expectations regarding reserves,
nonreserve mineralization and potential ounces; (vi) statements regarding
fluctuations in capital and currency markets; (vii) statements regarding
potential cost savings, productivity, operating performance, and cost structure;
(viii) expectations regarding the development, growth, mine life, production and
costs applicable to sales a! nd exploration potential of the Company's projects;
and (ix) expectations regarding the impacts of operating technical or
geotechnical issues in connection with the Company's projects or operations.
Estimates or expectations of future events or results are based upon certain
assumptions, which may prove to be incorrect. Such assumptions, include, but are
not limited to: (i) there being no significant change to current geotechnical,
metallurgical, hydrological and other physical conditions; (ii) permitting,
development, operations and expansion of the Company's projects being consistent
with current expectations and mine plans; (iii) certain price assumptions for
gold, copper and oil; (iv) certain effective tax rate assumptions (v) prices for
key supplies being approximately consistent with current levels; and (vi) the
accuracy of our current mineral reserve and mineral resource estimates. Where
the Company expresses or implies an expectat! ion or belief as to future events or
results, such expectation or b elief is expressed in good faith and believed to
have a reasonable basis. However, forward-looking statements are subject to
risks, uncertainties and other factors, which could cause actual results to
differ materially from future results expressed, projected or implied by such
forward-looking statements. Such risks include, but are not limited to, gold and
other metals price volatility, currency fluctuations, increased production costs
and variances in ore grade or recovery rates from those assumed in mining plans,
political and operational risks in the jurisdiction in which we operate, changes
in governmental regulation, including taxation, environmental, permitting and
other regulations, and judicial outcomes The Company does not undertake any
obligation to release publicly revisions to any "forward-looking statement," to
reflect events or circumstances after the date of publication, or to reflect the
occurrence of unanticipated events,! except as may be required under applicable
securities laws.
SOURCE: Rock Energy Resources, Inc.
CONTACT:
Rock Energy Resources, Inc.
Managing Member American Patriot Gold
Rocky V Emery, 832-301-5968
Cell: 832-691-7991
Chairman & CEO
Remery@americanpatriotgold.com
www.americanpatriotgold.com
Copyright Business Wire 2012
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KEYWORD: United States
North America
Texas
INDUSTRY KEYWORD: Natural Resources
Mining/Minerals!
&n bsp; Other Natural Resources
SUBJECT CODE: Personnel
News for 'PCFG' - (Pacific Gold Corp.-Pilot Mountain Resources Update)
TORONTO, ONTARIO, Apr 03, 2012 (MARKETWIRE via COMTEX) -- Pacific Gold Corp.
(OTCQB: PCFG)(PINKSHEETS: PCFG), is pleased to provide a progress update for
Project W.
Pilot Metals holds a purchase option on Project W fr! om PCFG's subsidiary Pilot
Mountain Resources until September 2013. Pilot Metals plans for 2012 include a
drilling program, resource calculation, metallurgy study and a scoping study.
PCFG management believes that Project W results received by Pilot Metals, to
date, have been equal to or exceeding historical reports prepared regarding
Project W resources.
From Pilot Metals on March 19, 2012;
HIGHLIGHTS
-- "Drilling has recently been completed with the last two holes of the
program intersecting substantial, scheelite bearing skarn mineralisation
up to 150m to the east outside of the Union Carbide Feasibility Study
area. Assays for these holes are pending.
-- Significant tungsten skarn mineralisation has now been confirmed over
650m of strike and a vertical extent of 33! 0m with mineralisation
remaining open i n all directions.
-- Activities now moving to data compilation and the construction of a new
geological and resource model with the aim of delivering a maiden JORC
compliant resource calculation for Desert Scheelite by the end of June
2012.
-- Scoping Study planned to commence in the 3rd Quarter, 2012.
-- Based on the available historic Union Carbide data, Black Fire's initial
Exploration Target for Desert Scheelite is 4 - 5Mt @ 0.30 - 0.34%
WO3(i). The total Exploration Target across the three advanced prospects
(Desert Scheelite, Gunmetal & Garnet) is 7-9Mt @ 0.30 - 0.37% WO3(i)
with good potential for copper and silver credits. A total of 11 other
prospect areas are curren! tly known within the licence area providing
excellent exploration upside."
"The drilling program has recently been completed with 15 holes being drilled.
The aim of this program was to twin and infill selected historic vertical
diamond drill holes that were drilled predominantly on 33m x 33m centres (Figure
1) to provide confirmatory assay and geological information so that the
extensive historic database may be brought into a maiden JORC compliant resource
calculation for Desert Scheelite, scheduled for completion by the end of June
2012. Black Fire's drill program comprised both "twins" to historical vertical
holes and angled holes drilled to provide better geological control and confirm
true width intersections.
To view the "Union Carbide Planned Open Pit" map, please visit the following
link: http://media3.marketwire.com/docs/pcfg_carbide_map.jpg
The Desert Scheelite resource drillin! g program has been completed on schedule.
Independent resource cons ultants, Golder & Associates, have been appointed to
undertake the resource calculation and their background database work has
commenced. A Golder's consultant geologist also completed a site visit to the
project during late February for standard auditing purposes."
To find out more about Pacific Gold Corp. (OTCQB: PCFG), visit the Company's
website at www.pacificgoldcorp.com.
About the Company
Pacific Gold Corp.'s business plan provides for the acquisition and development
of production-ready and in-production mining operations. The company is focused
on alluvial gold and base metals operations located in western North America.
Pacific Gold Corp. owns four operating subsidiaries: Nevada Rae Gold, Inc.,
which owns and operates the Black Rock Canyon gold mine, located in
north-central Nevada; Pilot Mountain Resources Inc., which owns Project W, a
large tungsten based deposit in Nevada; Fernley Gold, Inc., which has acquiredexclusive lease rights to mine the Lower Olinghouse Placers in north-western
Nevada; and Pacific Metals Corp., which owns claims in San Juan and Delores
Counties, Colorado, encompassing the historic Graysill Mine.
This news release includes forward-looking statements that reflect Pacific Gold
Corp.'s current expectations about its future results, performance, prospects
and opportunities. Pacific Gold Corp. has tried to identify these
forward-looking statements by using words and phrases such as "may", "will",
"expects", "anticipates", "believes", "intends", "estimates", "should",
"typical", "we are confident" or similar expressions. These forward-looking
statements are based on information currently available to Pacific Gold Corp.
and are subject to a number of risks, uncertainties and other factors that could
cause the Company's actual results, performance, prospects of opportunities in
the remainder of 2012 and beyond, to differ ma! terially from those expressed in,
or implied by, these forward-look ing statements.
Contacts:
Pacific Gold Corp.
416-214-1483
www.pacificgoldcorp.com
SOURCE: Pacific Gold Corp.
CONTACT: http://www.pacificgoldcorp.com
Copyright 2012 Marketwire, Inc., All rights reserved.
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SUBJECT CODE: Manufacturing and Production:Mining and Metals
Interesting find mccaff!