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Bob I know this is the canadian board, but I thought list of over 50 public companies that deal in Australian uranium to some extent would be useful. Many are Canadian.
The Aussie Uranium Onslaught
By Keith Kohl
BALTIMORE, MD-The old saying that everything is bigger in the land down under may be more than just marketing hype by beer companies and steakhouses. That's because when it comes to Australia's uranium resources, it's 100% true.
I think Luke put it best two weeks ago in his article Spend Little, Profit Big when he said, "Without a uranium play in your portfolio, you're missing out in tons of cash."
In that piece he recommended Strateco Resources Inc. (TSX-V: RSC). At that time it was trading at $1.64. This morning the stock opened at $2.23, a 36% gain in just 10 trading days.
I think it's fair to say that he's crushed this one out of the park.
Now, Strateco has all of its operations in Canada, which is known for its rich urnaium deposits. But today I want to talk to you about where you can find the largest uranium resource in the world . . . Australia.
Australia has had a long history of uranium discovery. During his original survey for the new town of Darwin in 1869, George W. Goyder accidentally found a green-colored mineral that he knew was not copper. Goyder could not identify the mineral and it remained a historical obscurity for decades.
That was until 1949, when by a local prospector and farmer, John Michael White, rediscovered the deposit one day while out hunting kangaroos.
This discovery would later be named the Rum Jungle uranium deposit, a name derived from an accident that occurred back in 1871. According to local legend, a bullock-wagon loaded with rum destined for construction gangs got stuck in a patch of jungle on the East Finniss River. The bullockies, unable to free the wagon, untethered the oxen and set about drinking the rum, having one of histories most glorious binges. Thereafter the area was known as Rum Jungle.
Since the Rum Jungle discovery 137 years ago, massive amounts of uranium have been found throughout the country. Today, it's estimated that between one quarter and one third of the world's known recoverable uranium is found in Australia.
Three Down, Two on the Way
Despite having only three mines in current operation, Australia's annual uranium production exceeds 11,000 tons, underscoring the richness of the country's mineralization.
Last year Australia accounted for 22% of global uranium exports, making up 40% of its total energy exports. And they're only planning on increasing nationwide output.
Australia will open two additional uranium mines, the Jabiluka mine in the Northern Territory and the Honeymoon mine in southern Australia, in the next few years. This will signify a potentially vast increase in uranium production.
And it's no wonder the country wants to continue to expand operations. Uranium jumped another $2.50 last week, bringing current prices to $62.50/lb.
As you know, we believe that the nuclear fuel will top the $100 mark within the next few years-if not sooner-simply because of the growing gap between supply and demand. Fact is, uranium has historically sold over $100/lb on similar fundamentals.
In 1978, the overall commodity bull market pushed the energy metal to an inflation-adjusted high $145.00/lb-so it still has plenty of room to grow.
What that means to investors is simply this: Uranium and the companies that produce and explore for it are still dirt cheap. And believe me, $100 uranium will have a significant effect on those producers and explorers.
Make Power . . . Not War
When it comes to the sale of potentially catastrophic materials like uranium, the global community keeps a vigilant eye on producers. The only countries that are even allowed to purchase Australian uranium are those that use it specifically for electricity.
This responsible behavior is one reason that, for the latter part of the 21st century, Australia has been a member of the Nuclear Nonproliferation Treaty (NPT), effectively listing itself as a state with no nuclear weapons.
Believe me, this is a good thing.
Just to illustrate the enforcement of their export policies, Australia signed a deal with China in April 2006 for uranium to be used in power stations only with the express stipulation that the Chinese will not divert any nuclear fuel to their weapons programs.
Quoting Australian Foreign Minister Alexander Downer: "These agreements establish strict safeguards, arrangements and conditions to ensure Australian uranium supplied to China, and any collaborative programs in applications of nuclear technology, is used exclusively for peaceful purposes."
The exportation of 20,000 tons of uranium to China every year will commence in 2010.
The continual development of Australia's uranium industry seems to offer the hope that responsible nuclear technology will be able to ease our future energy concerns.
If Australia uses its own resources in the midst of soaring uranium prices to profit from global demand, what you really should be asking is whether you are in a position to do the same. I certainly hope so.
Even though Australia is thousands of miles away for most of us, establishing an Australian uranium position is easier than you might think. Many public companies that produce or are exploring for Australian uranium are listed on American and Canadian exchanges.
Below is a list of over 50 public companies that deal in Australian uranium to some extent:
Acclaim Exploration
Adelaide Resources Limited
Arafura Resources
Apex Minerals
Ashburton Minerals
Australian United Gold
Avian Mining Pty Ltd
Batavia Mining
BHP Billiton
Bullion Minerals
Alliance Resources
Bannerman Resources
Cazaly Resources
Compass Resources
Contact Resources
Curnamona Energy
Deep Yellow
Energy Metal
Energy Resources of Australia
Equinox Minerals
Extract Resources
Georgetown Mining
Gold Search
Golden State Resources
Goldstream Mining
Glengarry Resources
Giralia Resources
Green Rock Energy
Havilah Resources
Hindmarsh resources
Image Resources
Jindalee Resources
Kalgoorlie Boulder Resources
Korab Resources
Marathon Resources
Matrix Metals
Minotaur Exploration
Monaro Mining
Monax Mining
Nickel Australia
Nova Energy
Omegacorp
Paladin Resources
Pepinnini Minerals
Polaris Metals
Red Metal
Redport
Reefton Mining
Rio Tinto
Scimitar Resources
Siberia Mining Corporation
Southern Gold
Southern Cross Exploration
Stellar Resources
Summit Resources
Uranex
Uranium Exploration Australia
As always, good luck and have fun investing,
Keith Kohl
PMWI ...wide spread
GRLC....wacked to buying opportunity?
Opinion & analysis
What Russia has to offer foreign investors
14:42 | 28/ 11/ 2006
MOSCOW. (RIA Novosti economic commentator Nina Kulikova) - Russia's investment climate has been gradually improving in recent years.
Although there are still problems to be solved, an increasing number of Russian sectors can offer interesting projects to foreign investors.
In the first six months of 2006, the Russian economy attracted $23.4 billion of foreign investment, up 41.9% against the same period in 2005. The biggest investors in the period were Britain, the Netherlands, Cyprus, France, India, Luxembourg, Germany, Switzerland and the U.S. They accounted for 83.6% of total accrued foreign investment and for 84.7% of foreign direct investment.
At the same time, geography of foreign investment has been changing. It is no longer only Russian money returning from offshore zones, says Arkady Dvorkovich, head of the Russian President's expert department. Real investment is also growing. Moreover, the Russian Central Bank estimates that FDI has soared by 40%-50% this year.
The investment climate. The main factors of Russia's investment attractiveness are believed to be the high economic growth rate, the consumption boom and the huge potential of the domestic market. The country's GDP growth pace has been around 6% on average for several successive years. In 2005, it was 6.4%, which is less than in the rising China, but more than in the European Union and the U.S. The country's financial position is strengthening. The Stabilization Fund ($76.62 billion as of November 1) and the gold and foreign currency reserves (over $270 billion on the same date) keep growing. All this testifies to Russia's macroeconomic stability, its solvency and ability to guarantee a strong national currency. The investment-grade ratings from the world's leading agencies and final liberalization of foreign currency legislation also helped improve the investment climate.
Michael Cuthbert, Regional Managing Partner for Central and Eastern Europe for Clifford Chance, said in an interview with The Times that Russia's advantages included many highly qualified professionals and skilled workers, as well as low production costs and cheap energy. "What attracts European investors to Russia is first of all shared traditions," said Dvorkovich. The situation and mentality are easier for them to understand compared to Asian countries, which are developing dynamically, but have their own specifics, he believes.
In its FDI Confidence Index 2005, A.T. Kearney ranked Russia sixth after China, the United States, Britain, India and Poland. This is an improvement against March 2005, when it was placed 11th. Russian Economic Development Minister German Gref says that foreign companies that have not come to Russia believe that its investment climate is worse than it is in reality. At the same time, 84% of foreign investors that have already come to Russia say that their work here is successful and 94% plan to expand, Russian Prime Minister Mikhail Fradkov said recently.
Problems. At the same time, it is no secret that foreign investors encounter numerous obstacles in Russia, primarily related to the Russian legal system and law-enforcement. A survey conducted by the Economic Development Ministry in 2005 showed that the biggest problem for foreign investors was corruption, while this year they ranked bureaucratic procedures and administrative barriers first, followed by corruption. They also noted insufficient quality of corporate management and low transparency of the legal system.
Moreover, uncertainty around foreign investors' acceptable participation in strategic sectors of the Russian economy causes additional concerns and does not help to improve Russia's business climate. A corresponding bill that has been debated by the government for a few years is expected to be passed within the next few months. It will define strategic activities, restrictions on foreigners' acquisition of controlling stake in such enterprises and the procedure for considering applications from foreigners.
Yet the bill, which has been heavily criticized by the international community, does not seek only to limit foreigners' access to Russian assets. At present Russia has a "murky permission mechanism," which means that foreign companies have to consult the Russian government before any acquisition. But the new system, when permissions will be issued by a specialized inter-departmental commission, will set clear and transparent rules for foreigners' access to strategic industries. This will prevent partiality and will help to create a predictable and transparent business climate in the country. Which is clearly a positive step, given that bureaucracy and corruption are the biggest problems of the Russian economy.
The most promising industries. The energy sector and steel production remain leaders for attracting foreign investment. Aware of the need to diversify the economy, the Russian government has urged investors to put their money in manufacturing as well. It seems that an increasing number of foreign investors have decided to heed the advice. According to the Federal State Statistics Service, the most popular sectors with foreign investors in the first six months of 2006 were manufacturing (32% of accrued investment), mining (21.95%), wholesale and retail trade (21.3%), transport and communications (9.3%), and real estate (7.8%).
The Russian oil and gas industry is one of the best developed in the country and yields huge and quick profits, which makes it the most attractive area for investors. However, the Economic Development Ministry estimates that the sectors dominating now- energy and steel production - will not be able to grow faster than by 5% in the long term. Sectors that can grow by more than 7% per year include the food industry, the chemical industry, the timber industry, production of construction materials, some types of machine-building and high-tech sectors, as well as construction and communications, account for less than one third in the economy. Yet these industries have a huge potential and are becoming increasingly attractive for foreign investment.
The Russian authorities are well aware that some areas need more investment and have a longer payoff period and higher risks than commodities production. This is why Russia has recently extended the number of investment tools and has been developing new mechanisms, such as the investment fund, public-private partnership and special economic zones.
Public-private partnership is expected to help attract foreign money in the transport sphere, and talks with potential investors are underway. The projects include the construction of a St. Petersburg - Moscow high0speed motorway, a Moscow - St. Petersburg high-speed railway, multimodal transport complexes at Sheremetyevo and Domodedovo Airports, airport hubs in Yemelyanovo and Koltsovo and large logistics terminals. Despite the sector's difficulties, it attracted $3.8 billion of foreign investment in 2005, according to the Economic Development Ministry.
The government's involvement is also visible in attracting investment in the Russian high-tech sector, which is developing fast. According to the Information Technology and Communications Ministry, it has been growing four times faster than the Russian economy in the last six years. Its share in the country's GDP reached 5% by the beginning of 2006. Foreign investment in the sector in 2005 amounted to some 75 billion rubles ($2.7 billion). The government attaches special importance to developing this sector and is developing a set of state support measures: it has set up high-tech industrial parks, created an investment fund for information and communication technologies and offered a favorable tax regime for IT companies. All this provides additional opportunities for expanding international cooperation and increasing the inflow of foreign investment.
Foreign players on the Russian car market, which has been growing dynamically in recent years, also have certain privileges. Leading international carmakers are actively developing car assembly productions in Russia. Ford, Renault, GM, KIA and others have already launched their assemblies. Toyota and Nissan have begun construction of their plants. In late October, Germany's Volkswagen launched the construction of its plant in the Kaluga Region. The Russian government signed investment agreements with these companies, offering them certain customs privileges on imports of car components. In the future, the authorities intend to encourage components production on Russian territory.
The planned amount of investment in these projects is about $1.8 billion, says Industry and Energy Minister Viktor Khristenko. At the turn of 2007-2008, Russia will produce about 250,000-300,000 cars annually, he said, adding that this was a perfect example of the "investment instead of imports" principle at work.
There are sectors in Russia that attract foreign investment without help from the government. An example is retail trade. In recent years, foreign retailers, such as Metro, Auchan, and others, have started entering the Russian market, and the trend is gaining strength. In A.T. Kearney's 2005 Global Retail Development Index, Russia was ranked second after India. The Russian economy continues growing and remains attractive for retail chains that have not yet come here, the company said.
Russian real estate is also an attractive area for investment. Prices in the sector are growing at a colossal rate, sometimes by up to 100% annually. Investment in commercial real estate in Russia may exceed $4 billion by the yearend, says Sergei Riabokobylko, CEO of Cushman & Wakefield Stiles & Riabokobylko. The share of foreign investment in the sector in the first three quarters of 2006 was 62%, for the first time outrunning Russian investment. Moreover, investment in developing shopping centres has for the first time exceeded investment in the energy sector, he said.
When they enter Russia, foreign investors encounter numerous problems. But this is a huge and largely underinvested market, which is becoming increasingly attractive and which offers major lucrative projects in different sectors.
The Street.com talks LYRC
http://www.thestreet.com/_yahoo/funds/toponepercent/10323319.html?cm_ven=YAHOO&cm_cat=FREE&a...
Junior Mining Exploration Indexes introduced
By: Dorothy Kosich
Posted: '27-NOV-06 09:00' GMT © Mineweb 1997-2006
RENO, NV (Mineweb.com) --Canadian securities dealer Haywood Securities has unveiled its Junior Exploration Index (HJEI) which will track 26 junior mining companies specifically chosen for their discovery potential.
Companies selected for the index include Aurora Energy Resources (TSX: AXU), Fronteer Development Group (TSX: FRG), Aquiline Resources (TSX: AQI), Exall Resources TSX: EXL), Crosshair Exploration & Mining (CDNX: CXX), JNR Resources (CNDX: JNN), Stornoway Diamond *TSX: SWY) and Esperanza Silver (CNDX: EPZ). Other companies include Lexmark Resources (CDNX: PLE), Red Dragon Resources (CNDX: DRA), Azimut Exploration (CNDX: AZM), Hathor Exploration (CNDX: HAT), and International Nickel Ventures (TSX: INV).
Also on the list are Sacre-Coeur Miners (CNDX: SCM), Eastmain Resources (TSX: ER), Commander Resources (CNDX: CMD), Diamonds North Resources (CNDX: DDN), Diamondex Resources (CNDX: DSP), Selkirk Minerals (CNDX: SLK), and AuEx Ventures (CNDX: XAU). Rounding out the list are Shear Minerals (CNDX: SRM), Pitchstone Exploration (CNDX: PXP), Coastport Capital (CNDX: CPP), Indicator Minerals (CNDX: IME), Hudson Resources (CNDX: HUD), and Bellhaven Copper & Gold (CNDX: BHV).
Of those on the list, 12 companies reported percentage gains during a two week period ending November 20, led by Aquiline Resources with a 29% gain, Sacre-Couer Minerals, 23% gain, Selkirk Minerals, 17% gain, Fronteer Development, 14% gain and Esperanza Silver, 14% gain. The three companies that recorded the heaviest losses during that same period were Indicator Minerals (22% decrease), Commander Resources (14% decrease) and Bellhaven Copper & Gold (14% decrease).
In conjunction with their HJEI, Haywood has introduced four commodity-based indices, which include companies with advanced-stage exploration projects and/or near-term production. The Haywood Junior Precious Metals 30 Index is the only one that showed any gain during the two-week period ending November 20.
Haywood also introduced seven development-stage companies with key assets being advanced to the feasibility stage of development including Platinum Group Metals (TSX: PTM), Baffinland Iron Mines (TSX: BIM), Exeter Resource (CNDX: XRC), Freegold Ventures (TSX: ITF), Brilliant Mining (CNDX: BMC), Canadian Royalties (TSX: CZZ), and Dynasty Metals & Mining (CNDX: DMM).
LYRC should have it on its website soon I would think
Pat or anyone....any thoughts on DTEK...in @ .033. Quite a sell off on Fri...end of year tax loss sale?
For My Democrat Friends:
Please accept with no obligation, implied or implicit, my best wishes for an environmentally conscious, socially responsible, low-stress, non-addictive, gender-neutral celebration of the winter solstice holiday, practiced within the most enjoyable traditions of the religious persuasion of your choice, or secular practices of your choice, with respect for the religious/secular persuasion and/or traditions of others, or their choice not to practice religious or secular traditions at all. I also wish you a fiscally successful, personally fulfilling and medically uncomplicated recognition of the onset of the generally accepted calendar year 2007, but not without due respect for the calendars of choice of other cultures whose contributions to society have helped make America great. Not to imply that America is necessarily greater than any other country nor the only America in the Western Hemisphere . Also, this wish is made without regard to the race, creed, color, age, physical ability, religious faith or sexual preference of the wishee.
By accepting these greetings, you are accepting the aforementioned terms as stated. This greeting is not subject to clarification or withdrawal. It is freely transferable with no alteration to the original greeting. It implies no promise by the wisher to actually implement any of the wishes for herself/himself/others, and is void where prohibited by law and is revocable at the sole discretion of the wisher. This wish is warranted to perform as expected within the usual application of good tidings for a period of one year or until the issuance of a subsequent holiday greeting, whichever comes first, and warranty is limited to replacement of this wish or issuance of a new wish at the sole discretion of the wish.
For My Republican Friends:
Happy Thanksgiving, Merry Christmas and a Happy New Year!
Pat you have yahoo mail
from Weiss Research:
,...What’s Behind the Latest
Move in Uranium Prices
Uranium jumped $2.50 per pound in just the last week, and that’s on top of a $2 move the previous week. At this rate, prices will easily hit my target of $100 per pound by next year — and probably go much further than that.
Here’s what’s driving the latest move ...
China wants to buy Canadian uranium. A Canadian delegation was just in Beijing trying to sell the country nuclear reactor technology.
But the Chinese showed even more interest in buying Canadian uranium. And no wonder — China plans to build between 30 and 40 atomic reactors over the next 15 years.
India is cleared to buy nuclear fuel. For a long time, India was banned from buying peaceful nuclear technology because it had developed its own atomic bomb.
However, the U.S. Senate just voted to approve a plan to sell nuclear technology and fuel to India. That’s good news for India, which is planning on building at least 33 nuclear plants. The country is desperate for fuel.
Keep in mind, the U.S. will probably buy uranium from Canadian and Australian mines to sell to India. Yet another reason why those uranium stocks are going to get white-hot!
Britain does a nuclear about-face. For years, Great Britain planned on closing down its nuclear plants once they’d reached the end of their life expectancy. The country’s nuclear plants were mostly built in the 1960s and 1970s and provide 25% of Great Britain’s electricity.
Now, with oil production from the North Sea plummeting, Britain has decided it would rather build more nuclear plants than see the lights go out. That means a whole new source of demand coming on the market!
And remember, these are just some of the forces that are driving up uranium prices.
Heck, if prices hit $100 a pound, what do you think that will do to the kind of uranium stocks (producers and soon-to-be producers) that I recommended in The Golden Age of Uranium? I think they could go ballistic!
Stuffing Your Portfolio
With Uranium Miners
If you’re thinking of picking up some uranium miners yourself, it’s not too late — not by a long shot. However, be careful how you go about investing in this space.
For example, you might not want to buy Cameco (CCJ) — the world’s largest uranium miner. See, Cameco was supposed to bring a big project — the Cigar Lake Mine — online in 2008. But the mine flooded, and it will take a long time, perhaps years, to undo the damage and get it producing again.
So, while Cameco could still be a good bet for the long term, I think there are stocks with more “oomph.” Many of my favorites are small-cap mining stocks with six special qualities. Here’s a holiday checklist to take with you when you go uranium shopping:
First, I want miners that will be bringing a uranium resource into production in the next couple years.
Second, I like companies that have acquired properties that were actively being explored or worked in the last uranium boom that ended in the ’70s. Millions of dollars worth of drilling work and data have been collected on some of these properties.
Third, look for stocks that are likely buyout or merger candidates. By my count, there have been about 15 mergers and acquisitions in the uranium field in the last year. A takeover can send a stock soaring.
Fourth, favor big proven deposits, or big deposits that are inferred and likely to become proven.
Fifth, steer clear of political risk. I’m not eager to throw money at a uranium mine in a country with political troubles — all other things being equal, I’d rather buy a uranium mine in Canada than Peru.
Sixth, good management is critical. It’s probably the single most important thing to look for in uranium companies. Good managers have plenty of experience and are successful at bringing projects online. They’ll keep costs down, manage resources effectively, seek out new resources (and not pay too much for them), know the difference between good debt and bad debt, and seek out strategic alliances.
Remember, it’s never too early to get your shopping done! Speaking of which, I better start preparing for the big feast. But before I go, I just wanted to stop and say: Thanks very much for being part of our family here at Weiss. We sure appreciate your loyalty.
All the best,
Sean
Weiss Research
Posted by: Waitedg
In reply to: None Date:11/21/2006 11:29:39 PM
Post #of 8436
TCLL (closed at .27) just had the "E" added to it symbol. Believe it goes into effect on Friday. If anything like HESGE, we can expect a considerable drop in price within next few days.
OT. I am sure everyone is familiar with Hiedi Fleiss, the Hollywood Madame. She has a male escort service in Las Vegas. She has hired Mike Tyson as one of her escorts. Can you imagine that tatoo looking at you and then speaking in that whiny voice to you. He said he always wanted to please and seduce women. Good luck surviving that night.....priceless MC commercial somewhere in there
85k went premarket. do you think that it is European buying?
the reverse splits of over 20 to 1 are usually very harmful, but those of 2,3,or 4 for 1 released with positive devlopments PRs are often quite good.
One of my concerns about buying pinkies is that the number of shares are usually sky high. I personally favor companies under 60 million shares
VAUGHN - TSUNAMI ON ITS WAY!
by David N. Vaughn
Gold Letter, Inc.
November 20, 2006
Do you ever wonder what tomorrow holds?
“…you and I tend to take it for granted that this time series – this arrangement of past, present and future – is not simply the way life comes to us but the way all things really exist.” C.S. Lewis
Wow! Now what in the crap did I just say and what does it have to do with gold or even anything? Well, the way we have known things these past 25 years is preparing to change radically. You don’t believe me? We shall see, we shall see. Sure, the change is subtle and even tactful. Change comes often with stealth and no one even notices the slithering snake that quietly has moved into the room. But whether we choose to acknowledge it or not change does eventually assert itself and makes itself known. And woe to those who are unprepared.
Thanksgiving is a time to be thankful for what we have and also a time to be thankful for whatever perception we have been gifted with. Be thankful for any insight and awareness you may have of the coming tsunami which is on its way and gathering speed with every hour that passes.
The world is changing and you better get on board and at least recognize and acknowledge these subtle changes occurring around us. The time is coming when the open door will slam shut and those still hanging around outside smoking a cigarette and taking a break will be left out in the cold and the door will be shut and locked barring their return. An invisible noose quietly continues to position itself around the US of A and that noose is one made of too much debt. That noose continues to tighten a little more each day but no one notices or pays it any attention.
Anyway, in preparation we can get out of debt and invest in those areas showing the greatest immediate promise. And this is why we turn our discussion back to gold and its buddy, uranium. Uranium and gold are the investments of choice to be in today so we should load up our portfolios with all that gleams yellow.
China, China, China! We just can’t seem to get away from that name. No matter how hard we try we always come back to China in all our discussions.
“China will be the world's premier gold producer within the next decade as the country widens its doors to more foreign investment.” “…in recent years, China has lifted its control over the gold market, and the country is now the fourth-largest gold consumer in the world.” “And since the launch of the Shanghai Gold Exchange in 2002, the gold market has been vastly liberalized. The exchange amounted to 905 tonnes in 2005, up 36% from 2004. ITS GOLD TRADE VOLUME MORE THAN DOUBLED in the last two years to $14 billion.” Click http://www.resourceinvestor.com/pebble.asp?relid=26101
What does this mean for us the investor? It continues to prove the growing wealth in Asia and the necessity of keeping our eyes and our wallets pointed to the east. And more China trivia?
Larry Edelson - “If China were to lay its $1 trillion in reserves end-to-end using dollar bills, the trail of paper would stretch for 96,906,565 miles. That’s enough to wrap around the widest part of the earth 3,876 times!” “…China has the largest foreign reserves of any country in the history of the planet. Compare that to Washington, which owes nearly $9 trillion, not counting contingent liabilities.” Larry Edelson, Martin Weiss Research
The U.S. owes while the Chinese sow. All very interesting trivia but what Larry has to say below should cause us to sit up and pay real attention.
Larry Edelson –“China Is Going to Corner The World’s Gold Market” “I warned of this nearly three years ago, but now the signs are even clearer: OVER THE NEXT FEW YEARS CHINA IS ESSENTIALLY GOING TO CORNER THE WORLD’S GOLD MARKET. In the process, the price of the precious yellow metal could soar to well over $1,000 per ounce, and eventually to more than $2,000 an ounce.” Larry Edelson, Martin Weiss Research
China keeps screaming to the world that it will soon take gold by the horns, but who pays attention?
“Chairman Cheng Fumin of the China Gold Association said the country would double its efforts to facilitate future trade of gold…” click http://www.chinadaily.com.cn/china/2006-11/15/content_734297.htm
Why is now such a great and important time to get into uranium mining stocks in particular? Because the price of uranium is expected to jump significantly again in a couple of weeks or so.
“…judging from the number of utilities seeking U3O8 equivalent, it is unlikely spot price increases will stall or stabilize at this level. Nor will the price likely increase by tiny increments between now and year end. By next weekend or the following, we could very well be looking at the ten-percent jump investors have been waiting for.” Click http://www.bestsyndication.com/?q=111206_uranium.htm
Can’t get any better than that, but it does!
“According to Gene Clark, utilities are circling suppliers and especially those holding uranium. “Eight utilities and three intermediaries are chasing over five million pounds of U3O8 equivalent this week,” Clark told us.” “…over twenty utilities are now hoping to obtain more than 55 million pounds of U3O8 for long-term delivery beginning as early as next year, according to Trade Tech.”
What does this mean? It means that uranium mining stocks are fixing to climb yet higher still.
“I'm already hearing rumblings from many sources that another round of non-utility buying is entering the physical market now…” “Miller believes the spot uranium price will go a lot higher than $61/pound…”
And, yes, China is there making its contribution to a growing demand and higher prices.
“China plans to build 30 to 40 nuclear reactors over the next 15 years.” “China wants to QUADRUPLE its nuclear capacity by 2020.” Click http://www.theglobeandmail.com/servlet/story/RTGAM.20061115.wuranium1115/BNStory/Business/home
And to conclude with gold?
Mary Anne & Pamela Aden - “…the resource shares have finally started to rise. It took a while and for many, the five month correction from May to October seemed endless.” “…gold is in a solid rise above $500 and it has a good chance of reaching the top side near $850, its 1980 peak price. This fourth step will be complete once a record high is reached.” click
Now here is a conundrum (big word). Should you invest in gold or uranium? Or uranium over gold. Easy answer. Invest in both.
Uranium continues to be the investors darling if supply/demand forecasts continue to unfold as predicted.
“RBC Dominion Securities Inc. boosted its uranium price forecast for 2007 to an average of $100 U.S. a pound from $55, saying a flood at Cameco Corp.'s Cigar Lake mine in Saskatchewan will delay production for two years. Analysts boosted their forecast for 2008 to an average of $85 U.S. a pound from $50, and for 2009 to $75 U.S. from $40.” click http://www.moneyweek.com/file/21615/why-gold-is-the-odd-commodity.html
Information coming out continues to confirm that uranium mining companies represents one of the best speculative opportunities for making significant money.
“A glowing outlook for uranium has renewed the market's love affair with miners of the nuclear fuel…” “Uranium oxide, also known as yellowcake, has surged to $62.50 a pound, more than 300 percent higher than in early 2004, when prices began to climb appreciably.” Click http://today.reuters.com/news/articleinvesting.aspx?view=CN&symbol=&storyID=2006-11-17T21412....
And just what is the present market demand and supply ratio?
"We have a great opportunity in the uranium area right now, because the demand is about 180 million pounds a year worldwide, and the supply is about 140 million pounds…" "Until you close that gap, which won't be till around 2013, it's not clear where all the uranium is going to come from."
"People don't realize how long it's going to take to bring these things into production…” “There are 440 nuclear power plants generating electricity around the world, with another 82 reactors being built or planned for completion within 10 years, estimates Cameco.”
valuable may have been the wrong phrase, but a company with 30 or 40 million shares is more sought after than one with 170 million. An AMEX listing is out of the question with this share structure and share price and only it becoming a 500 bagger or RS will get there
I also averaged up yesterday. Usually I average down but I am learning that just increases my losses. If production does start I would like to see a RS of 3 or 4 to 1 to really make my holdings valuable
Croc...I am glad you got out of EYTC. I held it from .25 to $4 and back down again....bailed out of a lot aroundf a dollar and finally capitulated at .44. But I did stay at a Holiday Inn and get TRGD at a basement price. Even a clock is right twice a day! love it
Posted by Jagman on another board. good overview
URPTF.PK Nice (around $10)
"As of today, my choice is Uranium Participation Corp., a Canadian fund that buys physical uranium. It's very similar to the way that the streetTRACKS Gold (GLD) gives investors a stake in gold.
Canadian Flood Isn't Gonna Sink the Uranium Bulls
By Sean Brodrick
Special to TheStreet.com
10/25/2006 9:35 AM EDT
URL: http://www.thestreet.com/markets/metals/10317328.html
Editor's Note: The following is a guest column by Sean Brodrick, an editor at Weiss Research. The views expressed in this article are his own. TheStreet.com accepts unsolicited manuscripts but will respond only to those it considers publishing. If you would like to submit a column for consideration, please email comment@thestreet.com.
The uranium industry was rocked this week by news that Cameco (CCJ) , the world's biggest uranium producer, suffered a disastrous flood at its Cigar Lake mine.
Cigar Lake was supposed to go into production in 2008 and produce as much as 18 million pounds of uranium a year; 18 million pounds -- that's more than a tenth of last year's total global demand of 171 million pounds. In 2008, uranium demand was already expected to exceed supply by 25 million pounds. With Cigar Lake out of commission, that gap will be 32 million pounds -- an increase of 30%.
"Losing Cigar Lake in the uranium world is like the oil market having to deal with the loss of Saudi Arabia," says Kevin Brambrough of Sprott Asset Management.
I agree. So as an investor, what should you do now?
Don't buy Cameco. What looked like an undervalued company last week now looks like an underwater disaster. While Cameco hopes to bring Cigar Lake back on line by 2009, there could be other problems ready to surface. For now, stay away. It looks cheap, but it could get cheaper.
Buy other near-term producers. The flooding of the Cigar Lake mine is a boon to uranium prices and uranium stocks, especially stocks of companies that are already producing or will bring mines on line in the next couple years. For companies such as BHP Billiton (BHP) , the big bull market is just starting.
Uranium has been on a rocket ride -- up over 270% in the past two years alone. Have you missed the boat? Heck no! I believe we're at the beginning of a mega-boom, one that will be fueled by white-hot demand for uranium in China, India, Russia and many other energy-dependent countries.
On a historical basis, uranium is still quite cheap. In 1978, uranium topped out at $43.40 per pound. Adjusted for inflation, that's around $145 per pound in today's dollars.
Recently, uranium traded at $56 per pound. It could more than double in price and still not surpass its old highs on an inflation-adjusted basis. I believe uranium will hit at least $70 per pound by the end of 2007 -- a 32% rise from present prices. And that could be a conservative estimate.
Outside of Cameco, there are longer-term forces driving uranium prices, including:
A Supply/Demand Squeeze: The flooding of Cigar Lake puts an even bigger squeeze on an already-tight supply picture. Production from world uranium mines now supplies only 62% of power utilities' requirements. About a third of annual demand for uranium is met by Russia's highly enriched uranium weapons de-commissioning -- a program that is going to end in seven years. Utilities and other users are scrambling now to fill future demand.
Global Warming: An operating nuclear power plant produces zero greenhouse gases. Compare that to your average coal plant, which can spew 3.7 million tons of carbon dioxide (a greenhouse gas) into the air every year, along with hundreds of tons of heavy-metal laden ash.
Economics: Despite the rising price of uranium, nuclear power is getting cheaper, thank to standardization in power plant construction. The cost of uranium is a much smaller part of the cost of a nuclear power plant than the cost of natural gas is of a natural gas-fired power plant. And while natural gas prices have dropped in the short-term, their long-term trend should be much higher.
Building Boom: There are 28 new plants under construction. Asia is especially hot for nuclear power, with 18 being built and another 77 are planned or proposed.
China, India and other countries realize they can't meet their growing energy needs through fossil fuels alone and are embarking on very ambitious nuclear programs. China is adding two nuclear power plants per year until 2020, effectively planning to double the percentage of electricity it gets from nuclear power.
Even Russia, the "Saudi Arabia of natural gas," realizes that gas won't last forever ... or even much longer.
That's why Russian President Vladimir Putin has targeted nuclear power's share of Russia's energy use to increase to 25% by 2030 vs. 15% currently. To get from here to there, Russia needs to add 40 gigawatts (40,000 megawatts) of nuclear energy each and every year -- building at least 42 new nuclear reactors and perhaps as many as 58.
But don't worry about hundreds of new Chernobyls. The current generation of nuclear power plants is also much safer than the old models -- with mechanisms that automatically shut the reactor down in the event of a problem.
Build Your Own Atomic Portfolio
BHP Billiton is an Australian miner of all types of metals, and one of its properties is the Olympic Dam mine. That's one of the biggest uranium deposits -- 40% of the world's known resources. And aggressive drilling recently upgraded the ore body by more than 11%, adding 188,000 metric tonnes of uranium.
BHP's uranium production from Olympic Dam is being delivered under contracts that are good at least until 2008 -- contracts that still price uranium in the mid-teens (U.S. dollars). With each month that passes, however, old uranium contracts are coming up for renewal. And that's when uranium producers will really start to reap the rewards of price increases that have already occurred.
BHP is a fine company and should reap plenty of profits in the bull market for all metals, not just uranium. Indeed, it currently gets more revenue from copper at Olympic Dam than it does uranium.
An even better choice might be Energy Resources of Australia, which operates Australia's Ranger Mine and supplies about 12% of the world's uranium production. Its stock, which trades on the Australian Stock Exchange and the Pink Sheets here under the symbol EGRAF, has been on fire lately, but I believe it could go much higher.
There are many fine small-cap uranium stocks trading on Canadian exchanges. For a list of Canadian uranium stocks by market cap, click here. Just remember, the general rule is, the smaller a stock, the more risky it can be.
You could also buy a mutual fund or ETF that holds uranium. There are few of those, though, and none are listed primarily on U.S. exchanges (yet). I believe there will eventually be a U.S.-based uranium ETF, and it will be a major driver in the markets.
As of today, my choice is Uranium Participation Corp., a Canadian fund that buys physical uranium. It's very similar to the way that the streetTRACKS Gold (GLD) gives investors a stake in gold.
The Uranium Participation Corp. trades on the Toronto Exchange under ticker symbol U. In the U.S., the symbol is URPTF on the Pink Sheets.
Do your due diligence, and you can find some great companies. The big uranium bull market has a long way to go, and the sooner you start, the bigger your profit potential.
Isreali company with 64mm shares as of Aug 06
SFIN -- Safetek International, Inc.
Com ($0.00001)
COMPANY NEWS AND PRESS RELEASES FROM OTHER SOURCES:
SAFETEK INTERNATIONAL INC files Form NT 10-Q, Notification of Late Filing
--------------------------------------------------------------------------------
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 12B-25
NOTIFICATION OF LATE FILING
SEC File Number: 033-22175
CUSIP Number: 786467 60 5
Check One: | | Form 10-K | | Form 20-F | | Form 11-K |X| Form 10-Q
| | Form NSAR
For the period ended: September 30, 2006
| | Transition Report on Form 10-K
| | Transition Report on Form 20-F
| | Transition Report on Form 11-K
| | Transition Report on Form 10-Q
| | Transition Report on Form NSAR
For the transition period ended: Not Applicable
Read Attached Instruction Sheet Before Preparing Form. Please Print or Type.
Nothing in this form shall be construed to imply that the Commission has
verified any information contained herein.
If the notification relates to a portion of the filing checked above, identify the Item(s) to which the notification relates: Not Applicable
PART I - REGISTRANT INFORMATION
Full Name of Registrant: Safetek International, Inc.
Former Name if Applicable: N/A
Address of Principal Executive Office: c/o David Lubin & Associates, PLLC, 26 East Hawthorne Avenue, Valley Stream, NY 11580
--------------------------------------------------------------------------------
PART II - RULES 12b-25(b) AND (c)
If the subject report could not be filed without unreasonable effort or expense and the registrant seeks relief pursuant to Rule 12b-25(b), the following should be completed. (Check box if appropriate)
(a) The reason described in reasonable detail in Part III of this form could not be eliminated without unreasonable effort or expense.
(b) The subject annual report, semi-annual report, transition report on Form 10-K, Form 20-F, Form 11-K, Form N-SAR or Form N-CSR, or portion
[X] thereof, will be filed on or before the fifteenth calendar day following the prescribed due date; or the subject quarterly report or transition report on Form 10-Q or subject distribution report on Form 10-D, or portion thereof, will be filed on or before the fifth calendar day following the prescribed due date; and
(c) The accountant's statement or other exhibit required by Rule 12b-25(c) has been attached if applicable.
PART III - NARRATIVE
State below in reasonable detail the reasons why the Form 10-K, 20-F, 11-K, 10-Q, or N-SAR, or the transition report or portion thereof, could not be filed within the prescribed time period.
Safetek International, Inc. (the "Company") could not complete the filing of its Quarterly Report on Form 10-QSB for the fiscal quarter ended September 30, 2006 due to a delay in obtaining and compiling information required to be included in the Company's Form 10-QSB, which delay could not be eliminated by the Company without unreasonable effort and expense. In accordance with Rule 12b-25 of the Securities Exchange Act of 1934, the Company will file its Form 10-QSB no later than the fifth calendar day following the prescribed due date.
PART IV - OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this notification:
David Lubin, Esq. 516 887-8200
(Name) (Area Code) (Telephone Number)
(2) Have all other periodic reports required under Section 13 or 15(d) of the Securities Exchange Act of 1934 for Section 30 of the Investment Company Act of 1940 during the preceding 12 months or for such shorter period that the registrant was required to file such report(s) been filed?
Yes [X] No [ ]
If answer is no, identify report(s): Not Applicable
--------------------------------------------------------------------------------
(3) Is it anticipated that any significant change in results of operations from the corresponding period for the last fiscal years will be reflected by the earning statements to be included in the subject report or portion thereof?
Yes [ ] No [X]
If so, attach an explanation of the anticipated change, both narratively and quantitatively, and, if appropriate, state the reasons why a reasonable estimate of the results cannot
SFIN down on unusally high volume. Was .0025 a couple of days ago. They had news release 11-15 of late filing. Is it just now being seen? Any ideas? Buying opportunity?
a whole lot of people have lost a lot
SLJB - RCMP probe penny stock deals
Harrow lumberyard linked to claims of projects in Mideast
Published: Thursday, November 16, 2006
http://www.canada.com/windsorstar/news/story.html?id=04b327c5-dbfd-4218-904b-9ed8c823b387&k=1983....
The flamboyant CEO of a Harrow lumberyard who has promoted hundred of millions of dollars worth of investments around the world -- including a $20-million commercial development in Colchester -- is facing scrutiny from the RCMP.
Petar Vucicevich, of Sulja Brothers Building Supply Ltd. said he was questioned last week by the RCMP about the stock of his company, which is currently one of the most hotly traded penny stocks in North America.
"I have nothing to hide," Vucicevich -- nicknamed "Black Pete" for his penchant for black clothing -- said in a telephone interview earlier this week. "They just want to make sure everything is as it's supposed to be."
Vucicevich said the officers who questioned him told him it was a routine investigation because the price of the stock had shot up from zero early this year to around 12 cents a share in recent trading.
Investors were looking anxiously Wednesday for audited statements that would reflect the company's many news releases that had noted deals in the works such as US$100 million or more in cement sales, lumber mill purchases and a US$650-million hotel project in the United Arab Emirates, among others.
Trading in the stock has created an enormous buzz on Internet chat forums.
Hundreds of thousands of messages are flying around daily as investors rejoice or curse with each upward and downward movement in the stock's price. About 21 million shares were traded Wednesday, but the price dipped to nine cents a share when the audited statements were not released.
On some days as many as 30 million shares or more are traded, and the price per share has been as high as 21 cents. Many who bought for pennies a share, dream of a jump to $4 or more a share.
Vucicevich drives a black Range Rover, but his several corporate roles and talk of multimillion dollar deals seem out of character with the tiny second-floor offices and no secretary or any other visible staff at the Pelissier Street headquarters of Kore International, where he is director. One room was still being renovated, some furniture was tipped over.
Vucicevich, who is also director of another company called Consultech, wasn't there. The only other occupant, Sam Sulja, a self-employed stock trader, said he didn't work for Kore but had occasional business dealings with Vucicevich.
In late September, Vucicevich announced that Kore International had plans for a $20-million commercial development in Colchester that would include a $1-million Kronk gym and stores, shops and bed and breakfast accommodations. He later said a cheese factory and a factory that manufactures wooden spindles would be added to the project.
Vucicevich said earlier this week that the RCMP officers who questioned him -- Sgt. Darrell Nay and Cpl. Gordon Aristotle -- said they were part of a joint intelligence unit that works with the Ontario Securities Commission. Reached Wednesday in Toronto, Nay had no comment.
Vucicevich said he told the officers he had no objection if they sent the results of the interview to the U.S. Securities and Exchange Commission (OSC) since Sulja Brothers is incorporated in Nevada.
OSC spokeswoman Laurie Gillett and SEC spokesman John Heine both declined to comment.
"Our policy is not to discuss matters that are before the commission," said Gillett.
Canada set up Integrated Market Enforcement Teams in 2002 to investigate commercial crime which includes members of the RCMP, Investment Dealers Association of Canada, OSC, Revenue Canada, and Justice Canada. RCMP Supt. Don Panchuk, who heads up one Toronto-based market enforcement team, couldn't be reached Wednesday.
So far, all investors have seen are Sulja's unaudited financial statements released in early October, which said that total revenues of US$65.5 million and pre-tax profits of US$28 million were made between June 1, 2005 and May 31, 2006.
Another statement released at the time projected US$307 million in revenue for 2007 with a pre-tax profit of US$93.9 million.
Vucicevich said the statements shouldn't have been released and he had ordered them taken off the company's website, although they could still be found there Wednesday.
He would not say what accounting company did the audit, but said the accountant had returned to Cairo, Egypt.
When The Star asked for an interview with Sulja's in-house accountant or chief financial officer for explanations of the previous financial statement and projections for 2007, Vucicevich said the company had neither.
Asked about the board of directors that oversees the company, Vucicevich said there's only one board member left, a Windsor lawyer, Shahid Khan, who serves as president.
Khan said he was hired to do the legal work on the incorporation of Sulja Building Materials Ltd. in Nevada. He said he knew little else about the business. Khan said he is serving as president of the board until other officers can be found. Vucicevich is the board secretary, he said.
Vucicevich's comments about the unaudited financial statements trouble investors like Ken Rosenberg, who is in the mortgage business in New York City. He has 300,000 shares of Sulja stock, an investment of about US$25,000. "I don't want to lose that money," he said.
Rosenberg is trying to decide whether to stay invested until the audited financial statement comes out or get out.
He said he did his best to research Sulja but it's difficult when many of the deals mentioned were in the Middle East and details were vague.
Vucicevich's other company, Sulja Building Materials, began more than two decades ago as a lumberyard and hardware store founded by John Sulja and carried on until recently by his children on the outskirts of Harrow.
In the last eight months, the family business was merged into another U.S. penny stock company called Loftwerks and incorporated in Nevada under the Sulja name, state records show. It has an authorized 800 million shares, according to Nevada records. The stock trades on an over-the-counter market known in the business as "pink sheets." The stock price can be easily tracked over the Internet although it's not listed on an exchange.
At least one Sulja family member works for the lumber business. Wally Sulja, who works for the company out of its Huron Church Road office, said his cousin Steve Sulja, a former CEO, "was bought out" earlier this year. Steve Sulja and John Sulja, who is retired, didn't return calls from The Star.
I love having a zinc property
Tara Gold Acquires High Grade Zinc, Lead Silver Property in Mexico
Thursday November 16, 8:00 am ET
CHICAGO, IL--(MARKET WIRE)--Nov 16, 2006 -- Tara Gold Resources Corp. (Other OTC:TRGD.PK - News) (Frankfurt:T8N.F - News) is pleased to announce that it has signed a definitive option agreement to acquire a 100% interest in the Don Ramon and Lourdes mineral concessions, hereafter referred to as Don Ramon and Lourdes Groupings, located 20 km ESE of Choix, Sinaloa State, Mexico.
ADVERTISEMENT
The Don Ramon and Lourdes Groupings will be placed into Tara Minerals Corp., Tara Gold's 100% owned subsidiary. Don Ramon and Lourdes Groupings is comprised of 309 hectares and lies within the same general area as the Pilar De Mocoribo Groupings, an extensive area of hydrothermal alteration that hosts numerous base and precious metal occurrences along the western part of the Northern Sierra Madre Gold Belt. The property lies 15 km SW of the historically prolific La Reforma Pb-Zn-Ag District that is now the focus of concerted exploration by Peñoles.
Mr. Francis Biscan Jr., President of Tara Gold Resources, stated, "Because of the close proximity to Pilar De Mocoribo Groupings, we are now assessing several options to aggressively advance both projects simultaneously."
Tara Minerals Corp. has received preliminary information on the property including results from previous sampling programs in 1998-1999. The Company will conduct a follow-up sampling program and a more detailed property evaluation in late November. Preliminary evaluation indicates that the property lies within a larger area that hosts numerous and very-high grade Pb-Zn-Ag Carbonate (Limestone) Hosted Deposits.
Twenty six (26) samples were collected and analyzed. The results returned an average for all samples collected of 5.23% Pb, 16.74% Zn, and 492g Ag. At present spot metal prices, a tonne of ore has a gross value of $956/t. Complete assay results for all these samples were as follows:
Sample # Ag (grams) Pb (%) Zn (%)
R31-1 772.0 5.50
R31-2 426.0 10.65 23.45
R36-3 1,426.0 20.16 27.34
R46-4 484.0 28.0
R46-6 0.436 2.34 13.98
R49-7 238.0 1.25 7.22
R56-9 340.0 2.20 11.20
R56-10 629.0 7.80 23.80
R56-11 244.0 1.92 8.60
R62-12 435.0 4.75 8.66
R62-13 408.0 2.77 10.34
R62-14 403.0 7.70 48.10
R70-15 66.0 2.23 4.55
R87-16 667.0 10.70 16.11
R87-17 356.0 3.0 6.78
R87-18 388.0 4.30 9.15
R87-19 683.0 4.73 11.90
R125-25 493.0 3.40 14.33
R125-26 942.0 8.80 36.94
R125-27 247.0 1.77 7.18
R125-28 599.0 2.79 10.20
R125-29 714.0 9.29 39.84
R125-30 256.0 1.69 7.17
R125-31 292.0 1.62 8.64
R125-32 357.0 3.61 10.82
R125-33 493.0 5.95 24.41
Michael Sandidge, P.Geo, a qualified person under National Instrument 43-101, has reviewed the previous information provided and has deemed the information credible based upon knowledge of mineralization and grade of other Pb-Zn-Ag systems in the area. However, the information provided the Company is historical in nature and caution should remain until completion of the follow-up evaluation.
thanks Brent, I signed up to relieve the phone call jam
great news on SPRL
Tara Gold Initiates La Millonaria Production Plant Design
Tuesday November 14, 9:00 am ET
CHICAGO, IL--(MARKET WIRE)--Nov 14, 2006 -- Tara Gold Resources Corp. (Other OTC:TRGD.PK - News) (Frankfurt:T8N.F - News) is pleased to announce that the design of a production plant to be located at La Millonaria has been initiated. Gold and Silver Minerals Corp. has an option to earn up to a 55% interest in the La Millonaria property by making certain payments to Tara Gold, issuing 7,000,000 restricted shares, making all underlying property payments, and by investing $3.0 million in the property.
ADVERTISEMENT
The survey for a road leading to La Millonaria has been completed and construction of the road is scheduled to begin on November 20th. This road will provide the ability to truck in the equipment necessary to build the production plant. The near term goal for the project is to process the waste dumps at La Millonaria which contain an estimated 30,000 tonnes grading of 9.702 g/t gold and 23 g/t silver.
The road will also allow for efficient access to begin exploring the 20-30 meter wide, intensely silicified and stockwork veined, east-west trending structure. This structure can be traced on surface for a minimum distance of 600 meters, with additional workings present up to 2 kilometers along strike. Scattered prospects and adits are present along the structure and selective historical mining has reported recoveries of 10 g/ton gold on average. The structure at La Millonaria appears to be strongly mineralized and hosts the potential to significantly expand the current mineralized zone and merits further sampling and exploration to further quantify the distribution of precious metals.
About La Millonaria
The La Millonaria property consists of four mining concessions that total 875 hectares, including formerly-producing gold mines. The property is located in SW Chihuahua in the Sierra Madre Occidental gold-silver belt where other gold/silver exploration projects are ongoing.
About Tara Gold Resources Corp.
Tara Gold Resources Corp. is a growth-oriented precious metals exploration and development company with existing production plants. It is management's objective to become a significant gold and precious metals producer by re-initiating and increasing production levels at La Currita, Lluvia de Oro and Picacho, and developing the San Miguel, La Millionaria, Pilar De Mocoribo and Las Minitas projects in Mexico. We continue to acquire other advanced-stage projects and/or producing mines in one of the most prolific precious metal districts in the world. For more information, please visit the Company's web site at: http://www.TaraGoldResources.com.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained herein which are not historical are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays beyond the company's control with respect to market acceptance of new technologies or products, delays in testing and evaluation of products, and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission.
Contact:
Contact:
Tara Gold Resources Corp.
Website: http://www.TaraGoldResources.com
E-mail IR: angie@taragoldresources.com
Investor Relations: 630-551-7802
TXFI...they are still filling my GTC...only got 25k of todays total...now have 35k..thin
My initial purchase was at .105. I averaged or doubled down Fri at .0575. Hate chasing but beleive in vehicle.
You have to be old enough to remember Abbott and Costello, and too old to
REALLY understand computers, to fully appreciate this. For those of us who sometimes get flustered by our computers, please read on... If Bud Abbott and Lou Costello were alive today, their infamous sketch, "Who's on First?" might have turned out something like this:
COSTELLO CALLS TO BUY A COMPUTER FROM ABBOTT
ABBOTT: Super Duper computer store. Can I help you?
COSTELLO: Thanks. I'm setting up an office in my den and I'm thinking about buying a computer.
ABBOTT: Mac?
COSTELLO: No, the name's Lou.
ABBOTT: Your computer?
COSTELLO: I don't own a computer. I want to buy one.
ABBOTT: Mac?
COSTELLO: I told you, my name's Lou.
ABBOTT: What about Windows?
COSTELLO: Why? Will it get stuffy in here?
ABBOTT: Do you want a computer with Windows?
COSTELLO: I don't know. What will I see when I look at the windows?
ABBOTT: Wallpaper.
COSTELLO: Never mind the windows. I need a computer and software.
ABBOTT: Software for Windows?
COSTELLO: No. On the computer! I need something I can use to write proposals and track expenses and run my business. What do you have?
ABBOTT: Office.
COSTELLO: Yeah, for my office. Can you recommend anything?
ABBOTT: I just did.
COSTELLO: You just did what?
ABBOTT: Recommend something.
COSTELLO: You recommended something?
ABBOTT: Yes.
COSTELLO: For my office?
ABBOTT: Yes.
COSTELLO: OK, what did you recommend for my office?
ABBOTT: Office.
COSTELLO: Yes, for my office!
ABBOTT: I recommend Office with Windows.
COSTELLO: I already have an office with windows! OK, let's just say I'm sitting at my computer and I want to type a proposal. What do I need?
ABBOTT: Word.
COSTELLO: What word?
ABBOTT: Word in Office.
COSTELLO: The only word in office is office.
ABBOTT: The Word in O ffice for Windows.
COSTELLO: Which word in office for windows?
ABBOTT: The Word you get when you click the blue "W".
COSTELLO: I'm going to click your blue "w" if you don't start with some straight answers. What about financial bookkeeping? You have anything I can track my money with?
ABBOTT: Money.
COSTELLO: That's right. What do you have?
ABBOTT: Money.
COSTELLO: I need money to track my money?
ABBOTT: It comes bundled with your computer.
COSTELLO: What's bundled with my computer?
ABBOTT: Money.
COSTELLO: Money comes with my computer?
ABBOTT: Yes. No extra charge.
COSTELLO: I get a bundle of money with my computer? How much?
ABBOTT: One copy.
COSTELLO: Isn't it illegal to copy money?
ABBOTT: Micr osoft gave us a license to copy Money.
COSTELLO: They can give you a license to copy money?
ABBOTT: Why not? THEY OWN IT!
(A few days later)
ABBOTT: Super Duper computer store. Can I help you?
COSTELLO: How do I turn my computer off?
ABBOTT: Click on "START
At 85 years of age,
Wally married Lou Anne, a lovely 25 year old.
Since her new husband is so old, Lou Anne decides that after
their wedding she and Wally should have separate bedrooms, because she is concerned that her new but aged husband may overexert himself if they spend the entire night together.
After the wedding festivities Lou Anne prepares herself for bed and the expected "knock" on the door. Sure enough the knock comes, the door opens and there is Wally, her 85 year old groom, ready for action.
They unite as one. All goes well, Wally takes leave of his
bride, and she prepares to go to sleep.
After a few minutes, Lou Anne hears another knock on her bedroom door, and it's Wally. Again he is ready for more "action".
Somewhat surprised, Lou Anne consents for more coupling. When
the newlyweds are done, Wally kisses his bride, bids her a fond goodnight and leaves.
She is set to go to sleep again, but, aha you guessed it - Wally is back again, rapping on the door, and is as fresh as a 25-year-old, ready for more "action". And, once again they enjoy each other.
But as Wally gets set to leave again, his young bride says to
him, "I am thoroughly impressed that at your age you can perform so well and so often. I have been with guys less than a third of your age who were only good once.
You are truly a great lover, Wally."
Wally, somewhat embarrassed, turns to Lou Anne and says:
........."You mean I was here already?"
The moral of the story:
Senior moments have their advantages.
SUMMARY OF MY LAST YEAR ON THE COMPUTER
I must send my thanks to whoever sent me the one about rat poop in the glue on envelopes because I now have to use a wet towel with every envelope that needs sealing.
Also, now I have to scrub the top of every can I open for the same reason.
I no longer have any savings because I gave it to a sick girl (Penny Brown) who is about to die in the hospital for the
1,387,258th time.
I no longer have any money at all, but that will change once I receive the $15,000 that Bill Gates/Microsoft and AOL are sending me for participating in their special e-mail program.
I no longer worry about my soul because I have 363,214 angels looking out for me, and St. Theresa's novena has granted my every wish.
I no longer eat KFC because their chickens are actually horrible mutant freaks with no eyes or feathers.
I no longer use cancer-causing deodorants even though I smell like a water buffalo on a hot day.
Thanks to you, I have learned that my prayers only get answered if I forward an email to seven of my friends and make a wish within five minutes.
Because of your concern I no longer drink Coca Cola because it can remove toilet stains.
I no longer can buy gasoline without taking a man along to watch the car so a serial killer won't crawl in my back seat when I'm pumping gas.
I no longer drink Pepsi or Dr. Pepper since the people who make these products are atheists who refuse to put "Under God" on their cans.
I no longer use Saran wrap in the microwave because it causes cancer.
And thanks for letting me know I can't boil a cup water in the microwave anymore because it will blow up in my face...disfiguring me for life.
I no longer check the coin return on pay phones because I could be pricked with a needle infected with AIDS.
I no longer go to shopping malls because someone will drug me with a perfume sample and rob me.
I no longer receive packages from UPS or FedEx since they are actually Al Qaeda in disguise.
I no longer shop at Target since they are French and don't support our American troops or the Salvation Army.
I no longer answer the phone because someone will ask me to dial a number for which I will get a phone bill with calls to Jamaica , Uganda , Singapore , and Uzbekistan .
I no longer have any sneakers -- but that will change once I receive my free replacement pair from Nike.
I no longer buy expensive cookies from Neiman Marcus since I now have their recipe.
Thanks to you, I can't use anyone's toilet but mine because a big brown African spider is lurking under the seat to cause me instant death when it bites my butt.
Thank you too for all the endless advice Andy Rooney has given us. I can live a better life now because he's told us how to fix everything.
And thanks to your great advice, I can't ever pick up $5.00 I dropped in the parking lot because it probably was placed there by a sex molester waiting underneath my car to grab my leg.
Oh, and don't forget this one either. I can no longer drive my car because I can't buy gas from certain gas companies!
If you don't send this e-mail to at least 144,000 people in the next 70 minutes, a large dove with diarrhea will land on your head at 5:00 PM this afternoon and the fleas from 12 camels will infest your back, causing you to grow a hairy hump. I know this will occur because it actually happened to a friend of my next door neighbor's ex-mother-in-law's second husband's cousin's beautician...
Have a wonderful day....
A South American scientist from Argentina , after a lengthy study, has discovered that people with insufficient brain and sexual activity read their e-mail with their hand on the mouse.
Don't bother taking it off now, it's too late
Cat Tale:
Calling in sick to work makes me uncomfortable. No matter how legitimate my excuse, I always get the feeling that my boss thinks I'm lying.
On a recent occasion, I had a valid reason but lied anyway, because the truth was just too humiliating. I simply mentioned that I had sustained a head injury, and I hoped I would feel up to coming in the next day. By
then, I reasoned, I could think up a doozy to explain the bandage on the top of my head. The accident occurred mainly because I had given in to my wife's wishes to adopt a cute little kitty. .
One morning, I was taking my shower after breakfast when I heard my wife call out to me from the kitchen. "Honey! The garbage disposal is dead again. Please come reset it."
"You know where the button is," I protested from the shower, "Reset it yourself!"
"But I'm scared!" she persisted. "What if it starts going and sucks me in?" There was a meaningful pause and then, "C'mon, it'll only take you a second."
So out I came, dripping wet and butt naked, hoping that my silent outraged nudity would make a statement about how I perceived her behavior as extremely cowardly.
Sighing loudly, I squatted down and stuck my head under the sink to find the button. It is the last action I remember performing.
It struck without warning, and without any respect to my circumstances. No, it wasn't the hexed disposal, drawing me into its gnashing metal teeth. It was our new kitty, who discovered the fascinating dangling objects hanging between my legs. She had been poised around the corner and stalked me as I reached under the sink. And, at the precise moment when I was most vulnerable, she leapt at the toys I unwittingly offered and snagged them with her needle-like claws. I lost all rational thought to control orderly bodily movements, blindly rising at a violent rate of speed, with the full weight of a kitten hanging from my masculine region.
Wild animals are sometimes faced with a "fight or flight" syndrome. Men, in this predicament, choose only the "flight" option. I know this from experience. I was fleeing straight up into the air when the sink and cabinet bluntly and forcefully impeded my ascent. The impact knocked me out cold.
When I awoke, my wife and the paramedics stood over me. Now there are not many things in this life worse than finding oneself lying on the kitchen floor butt naked in front of a group of "been-there, done-that" paramedics. Even worse, having been fully briefed by my wife, the paramedics were all snorting loudly as they tried to conduct their work, all the while trying to suppress their hysterical laughter......and not succeeding.
Somehow I lived through it all. A few days later I finally made it back in to the office, where colleagues tried to coax an explanation out of me about my head injury. I kept silent, claiming it was too painful to talk about, which it was. "What's the matter?" They all asked, "Cat got your tongue?" If they only knew!
had a TXFI order in for 100k and filled 10k at .004 and then jumped the bid ask if you are wondering
anyone have thoughts on entering CAML at .07 after 8k released yesterday or have I missed the biggest move?
stay with the rotary phone. that way you don't have to push 1 for English
pat check your mail
IFLT back down hard
Pat you've got mail
Kinross Gold announces acquisition of Bema Gold
Monday November 6, 10:44 am ET
US$3.1 billion transaction aligns with Kinross' four point strategy, expands reserve base and creates shareholder value
TORONTO and VANCOUVER, Nov. 6 /PRNewswire-FirstCall/ - Kinross Gold Corporation ("Kinross") (TSX: K, NYSE: KGC) and Bema Gold Corporation ("Bema") (TSX/NYSE: BGO, AIM: BAU) are pleased to announce that their Boards of Directors have unanimously approved Kinross' acquisition of Bema in a US$3.1 billion transaction to create a US$7.9 billion major gold producer.
Highlights
Bema shareholders will vote at a meeting, expected to be held in mid-January 2007, to approve the acquisition. Upon successful completion of the transaction, on a pro forma basis Kinross will have the following attributes:
- Mineral reserves and resources of 50 million ounces of gold;
80 million ounces of silver and 2.9 billion pounds of copper
- Nine mines, in five countries, on three continents, with
4,700 employees globally
- Excellent pipeline of major construction and future projects
including Paracatu in Brazil, Kupol in Russia and Cerro Casale
in Chile
- Participation in exploration joint venture to drive new Russian
growth opportunities
- 2006 estimated production of 1.8 million gold equivalent ounces;
growing 56 per cent to approximately 2.8 million ounces in 2009
- Estimated 2009 cost of sales per gold equivalent ounce at Kupol of
approximately US$130 will lower an already competitive cost profile
- Consolidated ownership of Refugio mine in Chile
- Cash of approximately US$350 million
- Immediate synergies
- Led by Kinross management team
"This acquisition will create exceptional value for shareholders," said Tye W. Burt, President and Chief Executive Officer of Kinross. "By combining our assets, operations and expertise, we have dramatically increased our gold reserve and resource base to more than 50 million ounces. We will have a well-balanced gold reserve profile with 39 per cent in Chile, 37 per cent in Brazil, 16 per cent in North America and 8 per cent in Russia. These reserves, coupled with our enhanced exploration pipeline, will put Kinross in a unique position to take advantage of the robust gold price and provide investors with an excellent portfolio of world-class assets."
"The Bema Board of Directors unanimously approved this transaction and an independent advisor has provided an opinion that the transaction consideration to be received by Bema shareholders is fair from a financial point of view. We believe that our companies are a great fit due to complementary strengths, geographic synergies and similar growth profiles," said Clive T. Johnson, Chairman, President and Chief Executive Officer of Bema. "Bema shareholders are getting an attractive premium to become part of a stronger company that will create near- and long-term value for all shareholders. Further, we expect that the combined Company will be re-rated in the market once the transaction is complete."
This acquisition of Bema consolidates Kinross' ownership of Refugio and increases its reserves in Chile and Russia. District exploration and operating synergies will be realized by substantially increasing Kinross' position in the Maricunga region in Chile and adding the Chukotka region in Russia.
"The addition of Russian operations and exploration opportunities through the acquisition is a natural fit with our proven track record and expertise mining in the country," said Burt. "Bema's Kupol project will be a cornerstone growth asset that is expected to begin production in 2008. Kupol is fully financed and will continue to be staffed by Bema's Russian management and construction development team."
"This acquisition aligns perfectly with our strategic plan by increasing our core asset base, adding exploration reach and increasing our growth from 2006 through 2009," said Burt. "This acquisition creates an even stronger Canadian-based gold company that fortifies Canada's dominant position in the global gold mining arena."
With a successful track record, Clive Johnson will lead a new company focused on exploration and development ("NewCo"). Kinross will participate as an equity investor and have a right of joint venture opportunities in Russia.
Summary of the Transaction
The acquisition will be completed by way of a shareholder-approved plan of arrangement whereby each Bema common share will be exchanged for 0.441 of a Kinross common share representing a 34 per cent premium to the 20-day volume weighted average price of Bema common shares on the TSX. Upon completion of this transaction, 61 per cent of Kinross will be held by existing Kinross shareholders and 39 per cent by existing Bema shareholders.
Following completion of the transaction, all outstanding options and warrants of Bema will be exercisable to acquire that number of common shares of Kinross determined by reference to the share exchange ratio.
Other terms of the transaction include an agreement by Bema to pay a break fee to Kinross under certain circumstances in the amount of C$79 million. Bema has also provided Kinross with certain other customary rights, including a right to match competing offers.
The acquisition of Bema is subject to the parties completing due diligence and entering into a further definitive agreement providing for the specific mechanics for completing the transaction. The Board of Directors of Bema has unanimously recommended the transaction to shareholders and will sign support agreements in favour of the transaction. The Board of Directors has also received an opinion from financial advisors to the effect that the consideration to be received by Bema shareholders is fair from a financial point of view. The acquisition is subject to all requisite regulatory approvals, third party consents and other conditions customary in transactions of this nature. The acquisition is expected to require the approval of (i) at least two-thirds of the votes cast by Bema shareholders present in person or by proxy at a meeting expected to be held in January 2007; and (ii) a majority of the votes cast by Bema shareholders present in person or by proxy at such meeting, excluding votes cast by those Bema shareholders required to be excluded pursuant to the minority approval provisions of Ontario Securities Commission rule 61-501 and Regulation Q-27 of the Autorite des marches financiers. A proxy circular, setting out details of the transaction and voting procedures, is expected to be mailed to Bema shareholders in December 2006.
In connection with the transaction, NewCo will purchase certain Bema assets for aggregate consideration of US$20 million, including:
- An exploration alliance in Chukotka aimed at developing future gold
opportunities
- An exploration joint venture in northern Colombia with AngloGold
Ashanti Limited
- All of the shares of Petrex (Proprietary) Ltd.
Kinross will have a right to maintain a 9.9 per cent equity interest in NewCo and an option to acquire up to 19.9 per cent of NewCo in any initial public offering.
Board of Directors
Kinross will select one Bema nominee to be included in Kinross' management slate of directors to be nominated for election at Kinross' next annual shareholders' meeting. Until such time, the Bema nominee shall sit as an observer on the Kinross board.
Advisors and Counsel
Kinross' Financial Advisor is Scotia Capital Inc. Strategic Advisors include Rothschild Inc., GMP Securities LP and UBS Canada Securities Inc. and its legal counsel are Blake, Cassels & Graydon LLP and Chadbourne & Parke LLP with regard to Russian law matters. Bema's Financial Advisor is Genuity Capital Markets and its legal counsel is Stikeman Elliott LLP. A special committee of Bema's Board of Directors is receiving financial advice from BMO Capital Markets and its legal counsel is Bennett Jones LLP.
Kinross Today
Kinross, a Canadian-based gold mining company, is the fourth largest primary gold producer in North America and the eighth largest in the world. With eight mines in Canada, the United States, Brazil and Chile, Kinross employs more than 3,700 people. Kinross maintains a strong balance sheet and a no gold hedging policy. Kinross is focused on the strategic objective maximizing net asset value and cash flow per share through a four-point plan built on growth from core operations; expanding capacity for the future; attracting and retaining the best people in the industry; and driving new opportunities through exploration and acquisition. Kinross maintains listings on the Toronto Stock Exchange (symbol: K) and the New York Stock Exchange (symbol: KGC).
Bema Today
Bema Gold Corporation is one of the world's fastest growing intermediate gold producers with operating mines and development projects on three continents. Bema is projected to produce one million ounces of gold annually by the year 2009. Bema is listed on the Toronto Stock Exchange and the New York Stock Exchange (symbol: BGO) and on the AIM Exchange in London (symbol: BAU).
Conference Call
Kinross and Bema will hold a joint conference call with simultaneous web cast presentation at 11 a.m. EST on November 6, 2006 to discuss this transaction.
Conference call details:
To access the conference call, dial:
In Toronto: 416-644-3420
In Vancouver: 604-677-8677
In North America (toll free): 1-866-250-4892
The presentation slide show will be available in PDF format for download from the Kinross website at www.kinross.com in advance of the conference call.
A replay will be available after 2 p.m. until November 20, 2006. The replay number is 416-640-1917 and the North American toll free number is 1-877-289-8525. To access the recording, please enter access code 21209025 followed by the number sign.
West, thanks for the rply
Mark
my deleted post #20802 from the AURC board must have rubbed 2c wrong
2C, you yourself have admitted to flipping AURC and are in part responsible for the ceiling on this stock. You seem to buy around .13 and sell when it reaches close to .20, so isn't that just as reprehensible.