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Gapper GRRF on earnings
ERHE slowly going higher .535
PAL 6.98 in pre market, looking for the warrants to get thru 3 today as the metals look to continue their run.
GRRF n hod reports monday too
cntf n hod earnings monday
YUP gold and platinum having a big day, Watch GRRF for mondays earnings.
SWC n hod PAL thru resistance
pal n hod as it test resistance
PAL looks to test resistance as palladium is up $13 today
ERHE .50--Cap Investor Conference
Thursday May 15, 11:11 am ET
HOUSTON, TX--(MARKET WIRE)--May 15, 2008 -- ERHC Energy Inc. (OTC BB:ERHE.OB - News), a publicly traded American company with valuable oil and gas assets in the highly prospective Gulf of Guinea off the coast of central West Africa, today announced that its senior executives will be presenting at the RedChip Small-Cap Investor Conference at the Palace Hotel in San Francisco, Calif.
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ERHC Energy's principal presenter will be Peter Ntephe, Chief Operating Officer and Acting President and Chief Executive Officer. David Bovell, Vice President Corporate Development, will also be in attendance to meet personally with investors. ERHC's presentation is scheduled for Thursday June 5, 2008.
The two-day conference will be the first opportunity for ERHC Energy Inc.'s new management team to present the Company to a broad range of investment professionals as a group and in one-on-one meetings. ERHC intends to make such presentations quarterly.
"For several months, we have been spreading the word about ERHC Energy's 'deep opportunity,' and we are very pleased to take our message to the wide audience that this conference provides," said Ntephe. "We are especially eager to present the results of our work toward exploratory drilling in the Joint Development Zone and our exciting plans for corporate growth."
RedChip investor conferences are nationally known forums for emerging small-cap companies to present their stories before hundreds of investment bankers, fund managers, institutional and accredited investors, and research analysts. RedChip discovered such well-known companies as Nike, Starbucks and MarketWatch while they were still relatively unknown to investors.
Investors are invited to listen to the live audio feed of the presentation at www.redchip.com.
About ERHC Energy
GRRF reports monday and this is from last qtr. The Company's management estimates that total revenue in the first quarter of 2008 will increase significantly as compared to the first quarter of 2007, primarily due to recognition of revenue related to wireless coverage integration services, which were initiated in the fourth quarter of 2007. In addition, revenue from WLAN in the first quarter of 2008 is expected to increase significantly, benefiting from China Mobile's WLAN construction in Olympic cities. Following its base station RF module win in last year, GrenTech has delivered the contracted product on schedule, further contributing to revenues in the first quarter of 2008
PAL n hod getting some volume
ERHE .48 nice volume yesterday looks to continue higher
PAL thru 6, warrants doing well too
BQI n hod looks to test resistance, bqi warrants 1.29
BQI news--CALGARY, May 13 /PRNewswire-FirstCall/ - Oilsands Quest Inc. (Amex: BQI - News) and the Northern Village of La Loche, Saskatchewan, announce the signing of a Memorandum of Understanding ("MOU") regarding the establishment of an economic relationship between the two parties. La Loche is the largest community in close proximity to Oilsands Quests' permit lands in northwestern Saskatchewan.
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The MOU confirms the agreement between the parties to work together to identify and address the economic benefits, as well as environmental, social and other potential impacts on La Loche of Oilsands Quest's exploration activities on its permit lands. By way of the MOU, the parties agree to make reasonable commercial efforts to negotiate a formal exploration agreement that will deal with these matters and, furthermore, that the relationship and participation in a formal agreement will be available to all neighboring communities that are adjacent to and affected by Oilsands Quest's exploration activities.
"I am pleased with the progress we have made in negotiations with Oilsands Quest," said Georgina Jolibois, Mayor of the Northern Village of La Loche. "The MOU is an important milestone. It recognizes the social, economic and environmental impacts that need to be addressed, and it offers new business, education and employment opportunities for local residents, along with new resources to direct to community infrastructure. It also acknowledges the potential impacts and benefits to surrounding communities, which we believe are equally important. We look forward to completing an exploration agreement with Oilsands Quest that embodies the positive principles set out in the MOU."
Christopher H. Hopkins, President & Chief Executive Officer of Oilsands Quest Inc., is also very pleased with the MOU. "This will be a precedent-setting agreement that we believe will set the standard for establishing a meaningful, jointly beneficial socio-economic relationship with our neighboring communities," he said. "We look at this as an opportunity to make a strong commitment to the communities of a large number of our employees, which will help better the lives of our northern employees, their families and neighbors."
At the present time, La Loche and adjacent communities that could participate in the proposed exploration agreement account for approximately 75 per cent of the residents in the area. Since Oilsands Quest began exploration activities on its permit lands in Saskatchewan in 2005, it has followed a policy of employing workers from La Loche and other communities in northwestern Saskatchewan as well as purchasing local goods and services. In the MOU, Oilsands Quest also agrees to assist and cooperate with La Loche and the neighboring communities in their dealing with the governments of Saskatchewan and Canada in relation to the regional environment, economic development, employment for residents, infrastructure, education and training funding, and other relevant policies and programs.
PAL n hod on earnings
PAL up a little on earnings, Press Release Source: North American Palladium Ltd.
North American Palladium Announces First Quarter 2008 Financial Results; Net Income $12.6 Million
Monday May 12, 5:59 pm ET
TORONTO, ONTARIO--(MARKET WIRE)--May 12, 2008 -- North American Palladium Ltd. (Toronto:PDL.TO - News)(Toronto:PDL-WT.TO - News)(AMEX:PAL - News)(PALWS - News) -
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This news release contains forward-looking statements. Reference should be made to the cautionary statement on forward-looking information at the end of this news release.
Highlights
- Income from mining operations for the quarter ended March 31, 2008 of $24.9 million increased by $7.1 million or 40% compared to the same period last year.
- Net income for the quarter ended March 31, 2008 was $12.6 million or $0.16 per share compared to net income of $5.5 million or $0.10 per share in the first quarter last year.
- Revenue for the quarter ended March 31, 2008 of $70.8 million increased by $2.3 million or 3% compared to the same period last year.
- Palladium sales for the quarter were recorded at an average price of US$445 per ounce compared to US$352 per ounce in the same period last year.
- Palladium accounted for 51% of the quarter's total revenue. By-product revenue from platinum and nickel continued to be important contributors at 19% and 15% of the quarter's total revenue respectively.
- Cash cost per ounce of palladium produced(1), net of by-product metal revenues and royalties, was US$16 for the first quarter of 2008 compared to US$15 for the same period last year.
North American Palladium Ltd. announced today financial results for the first quarter 2008.
The first quarter of 2008 generated income from mining operations of $24.9 million an improvement of $7.1 million or 40% compared to the first quarter of 2007. The improvement is due to increased revenue of $2.3 million, which includes positive mark-to-market commodity and foreign exchange pricing adjustments compared to the first quarter of 2007 of $6.0 million and $5.6 million respectively, and lower operating expenses of $4.7 million.
Net income for the first quarter of 2008 was $12.6 million or $0.16 per share compared to a net income of $5.5 million or $0.10 per share for the corresponding period in 2007.
Revenue of $70.8 million, after pricing adjustments, for the first quarter of 2008 increased by $2.3 million or 3% reflecting higher commodity prices and a weakening of the Canadian dollar versus the US dollar, offset partially by reduced sales volumes.
(1) Non-GAAP measure. Reference should be made to footnote 1 at the end of this press release.
Palladium sales in the first quarter of 2008 were recorded at an average price of US$445 per ounce versus an average price of US$352 in the same period in 2007, an increase of 26%. As previously reported, palladium production for the first quarter of 2008 of 61,091 ounces was down 22% compared to the first quarter of 2007. The decrease in production primarily reflects the mine plan which anticipated processing lower grade ore from the open pit during the first quarter. Operations have now moved into a higher grade area of the open pit, where they will remain for the balance of the year.
For the quarter ended March 31, 2008, cash cost per ounce(1) of palladium, net of by-product metal revenues, of US$16 per ounce was slightly higher than the US$15 per ounce in the same period last year. While lower production volumes in the first quarter of 2008 increased cash costs per ounce, the increase was largely offset by higher by-product commodity prices.
Operating cash flow for the first quarter of 2008 (before changes in non-cash working capital)(1) improved by $2.1 million to $25.1 million compared to the first quarter 2007.
Outlook
In light of current favourable PGM market conditions, the Company is assessing the economic viability of a southern extension of the open pit at Lac des Iles mine which could prolong the open pit mine life by an additional two to three years. A positive preliminary economic assessment of the Offset High Grade Zone at Lac des Iles was released last week and the Company has immediately moved to the feasibility stage for this project. Production could commence in 2010 with an underground mine life of approximately eight years. Further expansion of the mineralized resource is possible with additional drilling that will be done in 2008 and 2009. Completion of a preliminary economic assessment of the Shebandowan West Project is anticipated in the second quarter of 2008 evaluating a ramp-accessed underground mine scenario. The feasibility study for the Arctic Platinum Project, located in Finland is progressing well and is on track for completion by the end of August 2008.
Further information about the 2008 first quarter results are available in the Company's financial statements and MD&A, which will be filed on its website, with Canadian provincial securities authorities (www.sedar.com) and with the U.S. Securities and Exchange Commission (www.sec.gov).
Gapper GA, fast money pushing GA higher
PAL moving on yesterdays news
BQI another good day up .48 warrants only up .04
BQI another good day and the warrants are up a little too. BQI up .45 BQIWS up .04
BQI taking out resistance, has warrants too
BQI 4.48 n hod thru resistance, been waiting a long time on this 1
ERHE .56 nice run so far and looking for more
PAL n hod and thru resistance
NOVS 1.91 n hod still waiting on volume for a squeeze
NOVS 1.70 n hod
PAL n hod as palladium goes higher, pal has warrants in case it runs again
NOVS n hod
CPSL n hod 4.40 looks to test resistance of 4.44
CPSL in 5 day conference in china and they put out the presentation last night. Might be worth watching as the presentation looks real good.
TMA moving on news watch NOVS could follow these mortgage companys higher.
IMH news last night-Impac Mortgage Holdings, Inc. Announces the Company Has Settled a Majority of Repurchase Liabilities
Monday March 31, 7:51 pm ET
IRVINE, Calif., March 31, 2008 /PRNewswire-FirstCall/ -- Impac Mortgage Holdings, Inc. (NYSE: IMH - News), or the "Company" a Maryland corporation, being taxed as a real estate investment trust ("REIT"), announces that it has settled a majority of its outstanding repurchase claims. Mr. Joseph R. Tomkinson, Chairman and Chief Executive Officer of Impac Mortgage Holdings, Inc. stated, "This is a big step forward for the Company as it should ultimately improve the Company's future liquidity."
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(Logo: http://www.newscom.com/cgi-bin/prnh/20070305/LAM033LOGO)
Further, the Company continues to negotiate its remaining warehouse borrowings. As a result of these negotiations the Company will be required to add disclosures and make changes to the December 31, 2007 financial statements. Therefore the Company was unable to file its Form 10-K for the year ended December 31, 2007 during the 15 day extension period. However, the Company does intend to file the Form 10-K as soon as practical.
IMH up on news
CHLN 4.69 watch it here
CHLN 4.50 IMH 1.21 both look to test resistance
CHLN n hod on earnings China Housing & Land Development Reports Strongly Higher Sales and Net Income for the Year 2007
Total Revenues up 37 Percent, Net Income up 84 Percent Highlights for 2007 -- Total revenues increased 36.6 percent to $73.91 million from $54.10 million. -- Net income increased 83.4 percent to $16.69 million from $9.10 million. -- Basic and diluted earnings per share increased 37.8 percent to $0.62 per share from $0.45. -- Cash flow from operating activities provided $8.61 million, up 35.8 percent from 2006. -- Cash flow from investing activities consumed $25.02 million, up 70.0 percent from 2006. -- Cash flow from financing activities provided $18.42 million, up 111.8 percent from 2006. -- Net debt as a percentage of total capital was 27.79 percent at year end 2007 compared with 59.49 percent at year end 2006.
XI'AN, China, Mar 28, 2008 (BUSINESS WIRE) -- China Housing & Land Development, Inc., (OTC BB:CHLN) reported that net income for the year 2007 increased 83.4 percent to $16.69 million from $9.10 million in 2006, and earnings per diluted share increased 37.8 percent to $0.62 per share from $0.45 per diluted share in 2006.
Mr. Pingji Lu, chairman and chief executive officer of China Housing & Land Development, Inc., said, "We are very pleased to report our strong results for 2007. Our positioning in the robust real estate development market in greater Xi'an, along with the excellent execution of our strategies, has created our attractive performance in 2007."
He continued, "We believe our market growth in the next decade will be driven by seven factors: the continuing migration from rural to urban areas as people seek higher incomes and greater wealth, China's "Go West" policy that encourages people to move from the high-density cities on China's eastern coast to growing regions like Xi'an, China's continuing double-digit economic growth, the development of new technology companies in the region, multinational corporations that are choosing our area for their Chinese headquarters, Xi'an's city-center tourism redevelopment plan that will move 450,000 citizens from the inner city to the outer regions of the city, and more specifically, our operations in the Baqiao area eight kilometers east of the Xi'an city center. In the Baqiao housing and land development project, we are responsible for the creation of infrastructure, and the creation and sale of housing, commercial, and industrial facilities within our 487 acres. All of our projects are advancing nicely."
SOEN .65 n hod chinese solar play
CDE n hod and 46 mil shares short