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Bob, did you get in to the warrants as well? I see IB finally put them up for trade
not yet. OTC listing in 3 months.Probably 2 bucks by then
More Positive drill results immediately adjacent to EPC property border
FED just broke 1 buck !!!
Dear Shareholder,
South Boulder Mines closed at $4.76 up 8.18 % overnight in trading on the ASX, amongst other things, on news that more of the delineation drilling of their maiden potash resource within 2km of Ethiopian Potash Corp. ground came back with MORE positive assays of shallow potash intersections, as expected.
FED and its consultants continue to view this as justification that South Boulder's drill program on the Eritrean side of the border is an extension of the historical production Colluli area which is an extension of the central mineralization found to the West on the Ethiopian side of the border.
FED anticipates rapidly drilling this area with 100m holes in Q3 of 2011 in order to add resources in the M & I (43-101 compliant) categories, after it completes drilling in the South-west corner of its property which hosts a current resource of 128 mil tons @ 21% potash.
Please see STB press release as well as relevant maps below.
http://www.asx.com.au/asxpdf/20110328/pdf/41xpbxprx1q2r7.pdf
Congrats to you for holding AAA all the way to 10 bagger status! I screwed up that one by selling too early. Dont expect to repeat the mistake this timee around with FED...
FED just hit a high of 97c for the day. We´ll be soon knocking on 1 buck´s door...
FED discussion board just opened on SI : http://siliconinvestor.advfn.com/subject.aspx?subjectid=58193
Any idea how fast this might be priced? I sold all my holdings today hoping to reload cheaper too...
I added too today. Thinking about making it an overweight position the moment Indonesia confrmed to be a hit
Now I expect them to sell the Venezuela assets... That would release tremendous value and we would have a pure exploration play with lots of cash backing the share price. I think Indonesia will be a hit. Thoughts?
FED intends to list in Australia. According to them there is a very healthy appetite for this company down under, they already have a group about to sponsor their listing on the ASX and will be doing road shows in Australia in May. So listing could happen pretty soon, maybe by summer.
This is a smart move considering the valuation South Bolder Mines gets in the Australian market (STB.AX).
http://www.southbouldermines.com.au/images/uploads/Hughes_South_Boulder_Mines_Presentation_March_2011.pdf
STB has a mkt cap of aprox CAD 500M and they only own 65% of a similar potash project in Eritrea http://ethiopianpotash.com/EP_Comp_Sheet.pdf , so that would imply 650M for a 100% ownership. However STB also owns a greenfields nickel project in Australia, but I think little value should be assumed into that.
Either way, 500M or 650M its quite a bit more than AAA´s 300M market cap and suggests we might be in for some party when FED lists in Australia.
Well, it´s still early for FED. I did some homework over the week end and came out with a new target of 2 bucks instead of the previous 1.50, so more of a 3 bagger than a 2 bagger from the 70s level where I loaded up.
Today I bought my final shares at the open at 78-79, just in time for this little take off :)
GAV quarter out. earns 1 c
http://www.galvanic.com/pdf/pressreleasemarch21-2011.pdf
I guess it´s just too new, yeah. I heard they are planning to have a US listing, but I´ll bet by the time they accomplish that, the current price wont even buy you half a share of FED...
Mining heats up in the Afar potash region
http://www.highgradereview.com/the-afar-potash-region/
CTL.TO: New presentation just out :
http://www.catalystpaper.com/sites/default/files/goldman_sachs_march2011_wo_backup.pdf
FED.V: Ethiopian Potash Corp, new play just listed last week.
I just finished loading up this small gem at high 60s-low 70s. I think its about to take off after their Reverse take over shareholders (Panorama Resources) finish selling their shares on the open market.
Valuation is less than half that of AAA, bigger land package, owns their own 2 rigs unlike Allana and is funded throught to feasibility and drilling in April.
Share Issue: 106 MM; 138 MM F.D.
Share Float: 36 MM
Should be an easy 2 bagger on filling valuation gap with AAA alone.
http://ethiopianpotash.com/
They have had success in Nigeria so hopefully the government will take that into consideration. Bobwins
dont forget a nice envelope under the table! .... LOL
Japanese Earthquake and Tsunami Could be Opportunity for North American Mills
March 14, 2011
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* Analysis by: GLG Expert Contributor
Summary
The devastating earth quake and tsunami in Japan impacted four of Nippon Paper's mills, Mitsubishi's Hachinohe mill, Oji Paper's Nikko mill and Hokuetsu Kishi Paper's Hitachinaka mill. The overall result is idling of annual capacity of 2.8 million tonnes coated and uncoated printing and writing paper, 552 K tonnes newsprint, 400 K tonnes kraft linerboard, 390K tonnes carton board, 94 K tonnes packaging paper and 59 K tonnes of SBS. This may be an opportunity for North American mills.
Analysis
The earthquake and tsunami that struck northern Japan wreaked havoc with major Japanese paper producers. Integrated mills in northern Japan import wood chips from North America, South Africa and Australia through the port of Sendai, which was devastated. Mitsubishi Paper Mills' Hachinohe mill was hit hard by the tsunami and is down. This mill makes 585,000 tonnes/year bleached hardwood and softwood kraft pulp, 849,000 tonnes/year printing and writing paper and 59,000 tonnes/year solid bleached board. Two of Nippon Paper's mills, Ishinomaki and Iwanuma, are off line. The Ishinomaki mill made 643,000 tonnes/year of wood pulp, 370,000 tonnes/year of deinked pulp and 1.1 million tonnes/year graphic and specialty paper. The Iwanuma mill made 420,000 tonnes/year of thermochemcial pulp, 514,000 tonnes/year of deinked pulp, 522,000 tonnes/year of newsprint, and 120,000 tonnes/year of uncoated mechanical and woodfree paper. The Nakoso mill,which produces 44,000 tonnes/year of carbonless paper, is also down. The Nippon Daishowa Paperboard mill at Akita is also down; it produces 170,00 tonnes/year of coated woodfree paper and 400,000 tonnes/year of kraft linerboard. Nippon Paper's Fuji mill is also down but suffered less damage and is expected to restart soon. The Fuji mill makes 380,000tonnes/year of wood pulp, 230,000tons/year recycled pulp, 30,000 tonnes/year of printing and writing paper and 94,000 tonnes/year of packaging paper. Oji Paper's Nikko mill is down; it normally makes 244,000 tonnes/year of carton and containerboard grades. Hokuetsu Kishi Paper's 100,000 tonnes/year cartonboard mill in Hitachinaka is down. Hokuetsu Kishu paper's Niigata mill went down on the day of the earthquake due to a water pipe break, but it restarted two days later producing 720,000 tonnes/year of groundwood pulp, 1.26 millon tonnes/year of graphic paper and 45,000 tonnes/year of boxboard. The devastation in Japan could be an opportunity for some North American producers including AbitibiBowater (NYSE: ABH)and Catalyst Paper to export newsprint and coated mechanical paper. There could also be an opportunity for export of containerboard and other paper and board grades until the mils in Japan come back on line. There may be downside for some suppliers of kaolin clay. Japanese mills import a lot of their coating clay from American suppliers including BASF (Engelhard), IMERYS, Thiele Kaolin and Kamin.
Analyses are solely the work of the authors and have not been edited or endorsed by GLG.
Coastal Energy Announces Discovery at Bua Ban North & Operations Update
3/9/2011 5:02:42 PM - Market Wire
HOUSTON, TX, Mar 9, 2011 (Marketwire via COMTEX News Network) --
Coastal Energy Company (the "Company" or "Coastal") (TSX-V: CEN) (AIM: CEO) announces an update of its operations in the Gulf of Thailand.
Bua Ban North
The Bua Ban North A-01 exploration well encountered 32 feet of net pay in the Miocene interval and 27 feet of net pay in the Upper Oligocene interval, both with 25% average porosity. The Eocene interval was encountered approximately 700 feet deeper than originally prognosed and contained 70 feet of oil bearing sands with 14% porosity; however, given the low porosity and permeability it is not expected to flow naturally. The Company is currently mobilizing a MOPU to the location and plans to begin flow testing the well once facilities installation is complete. The Bua Ban North A-02 well has been spudded and will test Miocene, Oligocene, and Eocene targets similar to those in the A-01 well in an upthrown fault block.
Songkhla
The sidetrack of the Songkhla A-07 well successfully appraised the recent discovery made by the A-09 well. The sidetrack encountered 45 feet of net pay in the Lower Oligocene at 18% porosity and 33 feet of net pay in the Eocene at 17% porosity. The well was completed and flow tested at 800 bopd.
Production from the previously announced A-12 well has been tied in and is flowing at approximately 1,600 bopd. Additionally, the A-11 well is continuing to produce approximately 150 bopd from the Eocene interval. The Company plans to perforate the 44 feet of pay in the Oligocene interval in the A-11 well with a workover unit and then tie in Oligocene production.
Appraisal drilling at Songkhla has confirmed that the recent discoveries contain approximately 80 million barrels of oil in place(1).
Current production at Songkhla is approximately 8,500 bopd.
Bua Ban
The fracture stimulations of the Bua Ban A-04 and A-07 wells have been completed. The Company has installed a submersible pump in the A-07 well and the well is cleaning up. The A-07 well is producing frac water at a rate of 450 bbl/d with 60% oil cut. A submersible pump is currently being installed on the A-04 well. Prior to the well being shut in for pump installation, it was flowing naturally with a 50% oil cut.
Current production at Bua Ban, excluding the A-04 and A-07, is approximately 2,000 bopd with four wells producing.
Benjarong The fracture stimulation of the Benjarong A-01 well is complete and the well has been producing 200 bbl/d of fluid with a 95% oil cut using coiled tubing and nitrogen lift. The Benjarong A-02 well has been acidized and appears to be non-productive.
Total offshore production is approximately 10,500 bopd and onshore production is approximately 2,000 boepd.
Randy Bartley, Chief Executive Officer of Coastal Energy, commented:
"We are very pleased with the results of the first well at Bua Ban North. We have confirmed the extension of the petroleum system to the northern part of the basin. The discovery in the Miocene gives further evidence of a larger Miocene trend in the Songkhla basin. The discovery of productive Upper Oligocene sands also opens up a new potential zone in the basin for exploration and development.
"Although the sands in the Eocene interval are tight in the A-01 well, they were encountered deeper than we anticipated and have porosity and permeability characteristics consistent with what we would expect at that depth. We will be drilling an exploration well in an area where the Eocene is believed to be significantly shallower and exhibit higher porosity and permeability.
"Production at Bua Ban has been declining and we are evaluating methods of increasing the flow rates from the reservoir. We are adding additional water supply to increase injection and improve reservoir performance as well as evaluating development of the reservoir with horizontal wells and fracture stimulation."
(1) Company estimate of the volume of oil in place. Note that only a proportion of this volume will be recoverable.
Randy Bartley, President and Chief Executive Officer of the Company and a member of the Society of Petroleum Engineering and Jerry Moon, Vice President, Technical & Business Development, a member of the American Association of Petroleum Geologists, a Licensed Professional Geoscientist and a Certified Petroleum Geologist in the state of Texas, have reviewed the contents of this announcement.
Additional information, including the Company's complete competent person's report may be found on the Company's website at www.CoastalEnergy.com or may be found in documents filed on SEDAR at www.sedar.com.
This statement contains 'forward-looking statements' as defined by the applicable securities legislation. Statements relating to current and future drilling results, existence and recoverability of potential hydrocarbon reserves, production amounts or revenues, forward capital expenditures, operation costs, oil and gas price forecasts and similar matters are based on current data and information and should be viewed as forward-looking statements. Such statements are not guarantees of future results and are subject to risks and uncertainties beyond Coastal Energy's control. Actual results may differ substantially from the forward-looking statements.
These securities have not been registered under United States Securities Act of 1933 (the "US Securities Act") or the securities laws of any state and may not be offered or sold in the United States or to US persons (as defined in Regulation S under the US Securities Act) unless an exemption from registration is available.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
This news release is not for dissemination in the United States or through United States newswire services
SOURCE: Coastal Energy Company
Enquiries:
Coastal Energy Company
investor@CoastalEnergy.com
+1 (713) 877-6793
Strand Hanson Limited (Nominated Adviser)
Rory Murphy
Paul Cocker
+44 (0) 20 7409 3494
Macquarie Capital (Europe) Limited (Broker)
Ben Colegrave
Paul Connolly
+44 (0) 20 3037 2000
Buchanan Communications
Tim Thompson
Chris McMahon
Ben Romney
+44 (0) 20 7466 5000
Copyright (C) 2011 Marketwire. All rights reserved.
MBAC Reports Positive Results From First Diamond Drilling Campaign at the Santana Project
3/9/2011 5:00:01 PM - Market Wire
TORONTO, ONTARIO, Mar 9, 2011 (Marketwire via COMTEX News Network) --
MBAC Fertilizer Corp. ("MBAC" or the "Company") (TSX:MBC) is pleased to report positive drilling results from its ongoing phosphate exploration work at the Santana exploration project ("Santana" or the "Project") in the southern Para State, Brazil.
The results from this drilling campaign produced an average grade of 20% P2O5 for mineralized intervals averaging 11 metres in thickness within a sub-outcropping alteration zone. Mineralization was intercepted in all of the first seven (7) diamond drill holes which were distributed over a 2 km(2) anomaly area. These results are consistent with the Company's expectations following the systematic surface sampling, ground geophysics, diamond and auger drilling results reported in MBAC's press releases dated November 16, 2010 and January 19, 2011.
Antenor Silva, President and CEO, stated "These high grade results are consistent with and indicative of a highly prospective large scale phosphate deposit that could be very significant for the Company. The Santana Project is in close proximity to extensive farm land in the northern Mato Grosso State, one of the major grain producing areas in Brazil and inside Para State the largest beef producer in country, giving rise to a competitive logistics advantage over imports to the area, similar to that with the Itafos- Arraias SSP Project."
Background:
The Santana Project consists of tenement areas covering approximately 90,000 hectares located in southern Para State, which were secured following positive indications from geological reconnaissance work.
Initial exploration consisting of rock chip sampling returned encouraging results including numerous occurrences of readings in excess of 30% P2O5. Follow up efforts including auger drilling and surface sampling resulted in the definition of an open ended NW-SE trending zone with grades in excess of 10% P2O5.
Results from the first diamond drilling campaign
MBAC began diamond drilling at Santana in December 2010 and has completed seven (7) diamond drill HQ (67 mm diameter) holes spaced approximately 400 metres apart and sampled within one (1) metre intervals.
Three (3) of the seven (7) holes (SAN-DD-001, SAN-DD-002 and SAN-DD-007) were drilled to depths of 150 to 165 metres in order to investigate the nature and composition of the rock beneath the saprolite ore identified at the surface. The other four (4) drill holes were drilled at depths of approximately 50 metres to observe the lateral distribution of the phosphate rich alteration zone.
Results obtained thus far indicate that the thickness of the alteration zone ranges from 6 to 47 metres, containing mineralized intervals of up to 27 metres thick and with grades ranging from 3.25% to 37% P2O5. If only the phosphate rich layer is taken into consideration then an average of 20% P2O5 applies and mineralized intervals average 11 metres. Beyond the alteration zone, though there were positive P2O5 readings extending to the bottom of the drill holes, the grades observed were typically below 3.25% P2O5.
The data available indicates that the deposit is a newly discovered carbonatite intruded in volcanic rocks of the upper Proterozoic Iriri formation. Other than phosphate, no significantly anomalous concentrations of other elements typically found in carbonatites have been reported, though first results indicate that the total Rare Earth Elements (REE) content averages 1800 ppm in the phosphate rich alteration zone (best intercept of 4040 ppm total REE from 4 to 5 metre interval of SAN-DD-001) and 250 ppm total REE in fresh rock.
Ongoing infill drilling work follows a 200 metre or closer-spaced grid and has been planned to allow for characterization and delineation of the exploration target, validating geological continuity as inferred from sampling and surface mapping and providing enough material for a first phase of technological characterization and metallurgical testing.
Dr. Luiz A. Bizzi, PhD, MBA, Vice-President, Exploration of MBAC, is a qualified person as defined by National Instrument 43-101 and has reviewed and approved the contents of this news release as applicable.
About MBAC
MBAC is focused on becoming a significant integrated producer of phosphate and potash fertilizers in the Brazilian and Latin American markets. MBAC has an experienced team with over 150 years of combined experience in the business of fertilizer operations, management, marketing and finance within Brazil. In October 2008, MBAC acquired Itafos Mineracao Ltda, which consisted of a phosphate mine, a mill and plant and related infrastructure, all located in central Brazil. MBAC's exploration portfolio includes a number of additional phosphate and potash projects, which are also located in Brazil. The Company continues to search for additional fertilizer opportunities in the Brazilian and other Latin-American markets, where strong agricultural fundamentals and unique opportunities are expected to provide attractive growth opportunities in the near future. All material information on MBAC can be found on the Company's website at www.mbacfert.com or at SEDAR at www.sedar.com.
Antenor Silva
President & Chief Executive Officer
FORWARD LOOKING STATEMENTS
This release contains "forward-looking statements" within the meaning of applicable Canadian securities legislation. Forward-looking statements include, but are not limited to, statements that address activities, events or developments that the Company expects or anticipates will or may occur in the future, including such things as future business strategy, competitive strengths, goals, expansion, growth of the Company's business, operations, plans and with respect to exploration results, the timing and success of exploration activities such as diamond drilling to validate geological continuity, obtaining enough material for first phase technological characterization and metallurgical testing and exploration activities generally, permitting time lines, government regulation of exploration and mining operations, environmental risks, title disputes or claims, limitations on insurance coverage, timing and possible outcome of any pending litigation, timing and results of future resource estimates or future economic studies and the outcome of application for tenement areas.
Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "planning", "planned", "expects" or "looking forward", "does not expect", "continues", "scheduled", "estimates", "forecasts", "intends", "potential", "anticipates", "does not anticipate", or "belief", or describes a "goal", or variation of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved.
Forward-looking statements are based on a number of material factors and assumptions made by management and considered reasonable at the time such assumptions were made, including, the result of drilling and exploration activities, that contracted parties provide goods and/or services on the agreed timeframes, that equipment necessary for exploration is available as scheduled and does not incur unforeseen break downs, that no labour shortages or delays are incurred, that plant and equipment function as specified, that no unusual geological or technical problems occur, and that laboratory and other related services are available and perform as contracted. Forward-looking statements involve known and unknown risks, future events, conditions, uncertainties and other factors may cause the actual results, performance or achievements to be materially different from any future results, prediction, projection, performance or achievements expressed or implied by the forward-looking statements. Such factors include, among others, the interpretation and actual results of current exploration activities; changes in project parameters as plans continue to be refined; future commodities' price; possible variations in grade or recovery rates; failure of equipment or processes to operate as anticipated; the failure of contracted parties to perform; labour disputes and other risks of the mining industry; delays in obtaining governmental approvals or financing or in the completion of exploration, as well as those factors disclosed in the company's current annual information form and management's discussion and analysis available on SEDAR at www.sedar.com. Although MBAC has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.
Shares Outstanding: 86,374,336 Fully Diluted: 94,388,643
SOURCE: MBAC Fertilizer Corp.
MBAC Fertilizer Corp. Steve Burleton Vice President, Corporate Development 416-367-2200 investor@mbacfert.com www.mbacfert.com
Copyright (C) 2011 Marketwire. All rights reserved.
GSA +15%, Warming up on Guyana update
Groundstar Resources Provides Update on the Apoteri K-2 Exploration Well in Guyana
3/7/2011 6:20 AM - NFD
CALGARY, ALBERTA, Mar 7, 2011 (Marketwire via COMTEX News Network) --
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES
Groundstar Resource Limited ("Groundstar" or the "Company") (TSX VENTURE:GSA) is pleased to provide an update on the drilling of the Apoteri K-2 ("K-2") exploration well on the Takutu Block in Guyana. The K-2 well will be drilled to a measured depth of approximately 3,350 meters (11,000 feet) and will target the same productive reservoirs that tested over 400 barrels of oil per day of 42 degree API light oil from the Karanambo 1 well drilled in 1982 and located 600 meters to the east. Gaffney Cline and Associates attributed gross mean recoverable prospective resources of 128 million barrels of oil (12.8 million barrels net to Groundstar's final working interest) to the discovery in the December 2009 report compiled for the Corporation.
As of Friday morning, March 4, 2011 the K-2 well was drilling ahead at a depth of 2,245 meters (7,366 feet) measured depth ("ft md") within the Jurassic Pirara formation. Intermediate casing is planned to be set at approximately 2,735 meters (8,970 ft) md prior to drilling through the primary reservoir targets in the Manari and Apoteri formations. Drilling had been interrupted in early January 2011 due to the late arrival of some of the permanent camp facilities provided by Tuscany International Drilling Inc., which arrived on location in late January. The drilling operation since then has progressed according to plan.
Groundstar has a 10% working interest in the contract and is the operator of the Petroleum Prospecting License ("PPL"), with Canacol Energy Ltd. holding the remaining 90%. Sagres Energy Inc. is eligible to earn a 25% working interest in the PPL from Canacol by paying for 30% of the cost to drill the K-2 exploration well. Groundstar's interest is carried to commercial production.
About Groundstar Resources Limited
Groundstar is a publicly traded Canadian junior oil and gas company actively pursuing exploration opportunities in Guyana, North Africa and the Middle East.
Are you going to participate/ask questions in the conference call ?
CFX,MERC and specially CTL
what??? a leakage on the TSX??? you must be joking ;)
kipp...wrong board
HNR great update. up 10%. If Indonesia is an oil hit it, HNR looks like a 30 dollar stock to me.
http://finance.yahoo.com/news/Harvest-Natural-Resources-prnews-3182133910.html?x=0&.v=1
Ryan Gold (RYG-V)
Feb 24, 2011 6:30 PM
Out of the bush and into the boardroom
Vancouver - With 56 properties scattered throughout the Yukon to explore, Ryan Gold's (RYG-V) new president, Shawn Ryan, has his work cut out for him. Mr. Ryan sold six gold properties to the company in September, 2010, and on Feb. 16, the long-time prospector and former mushroom picker penned a deal to sell the rest of his precious-metals properties, all 50 of them, to Ryan Gold and become its president. It will be his first major position in a public company.
As the Yukon's best-known prospector and property vendor, Mr. Ryan already wields considerable public appeal. Indeed, the announcement of his appointment and the property acquisitions pushed Ryan Gold's stock up nearly 25% to $2. And after vending two of the most important new Yukon gold projects in the past few years, shareholders can't help but think Mr. Ryan might be able to do it again.
Those two projects, of course, are White Gold and Coffee. In 2007, he optioned White Gold to Underworld Resources, which quickly delineated a two-million-ounce gold resource and sparked a staking rush throughout the Yukon. Kinross Gold (K-T, KGN- N) took over Underworld for $2.60 a share, or $140-million, in early 2010. Mr. Ryan did well by the deal: he received two million Underworld shares and $850,000 cash for optioning the property, along with a 4% net smelter royalty which could be bought for a series of payments totalling $10-million.
In mid-2009, with the junior exploration sector on the road to recovery, Mr. Ryan optioned the Coffee gold project to Kaminak Gold (KAM-V), when its stock could be had for just 12.5 cents a share. By late 2010, Kaminack's stock had soared to an all-time high of $3.85 following impressive drill results from Coffee, including 35 metres of 6.3 g/t gold. Mr. Ryan is entitled to receive two million Kaminak shares and $400,000 over six years for vending the property, as well as a 2% net smelter royalty, half of which can be purchased for $2-million.
With two promising deposits under his belt, Mr. Ryan can now demand a much higher fee for his services. For putting his remaining 50 precious-metal eggs into Ryan Gold's basket, Mr. Ryan and his wife Cathy will receive cash payments of $7.5-million over two years; 7.5 million common shares immediately, worth approximately $15-million at Ryan Gold's current share price; $750,000 in potential bonus payments; and a 1% NSR on all the properties.
The new role as president marks a significant change for Mr. Ryan, who has spent much of the past two decades tromping around the bush. His job as a promoter will be likely be easier given Ryan Gold's current financial state and its deep-pocketed shareholders. The company has roughly $5-million in working capital to explore its new properties, the most advanced of which is Ida Oro, about 90 kilometres east of Dawson City. Mr. Ryan's exploration crew, Ground Truth Exploration Ltd., took 5,490 soil samples there last summer and found a strong, central gold-in-soil anomaly extending for at least four kilometres. Helicopter-borne geophysical surveys have also established a coincident magnetic low around the anomaly.
Ryan Gold's largest shareholders are Ned Goodman and his public resource investment company Dundee Corp. (DC-T), which together own approximately 17 million Ryan Gold shares; and soon-to-be mid-tier gold producer Osisko Mining (OSK-T), which owns eight million shares. Ryan Gold has 82 million shares outstanding.
CTL.TO news
Energy project to displace nearly 100,000 tonnes of GHGs
2/28/2011 5:00 PM - Canada NewsWire
RICHMOND, BC, Feb. 28, 2011 (Canada NewsWire via COMTEX News Network) --
Catalyst Paper (TSX:CTL) today announced $13.3 million in Federal funding approval of a new green-energy project at its Powell River mill that will produce low-carbon electricity and be one of the cleanest waste wood co-generation projects anywhere in Canada. The project is funded entirely by the Pulp and Paper Green Transformation Program (PPGTP) credits, earned through production of black liquor at the Crofton pulp operation in 2009. The electricity will be certified under the federal EcoLogo program.
The project will involve new waste-wood handling equipment, a sand recycling system and other upgrades to an existing power boiler (PB19), and installation of a steam condenser on the generator (G12). Work is underway and expected to be completed within approximately 12 months.
"One of the great strengths at the Powell River operation is our clean-burning power boiler. Emissions and air-quality monitoring demonstrate that," said Bob Lindstrom, vice-president, supply chain, energy and information technology. "Factor in our marine access to waste-wood supplies, and our Powell River mill becomes one of the most logical and low-impact places in Canada to generate green energy from biomass."
The project is supported by the Sliammon First Nation, which has signed a memorandum-of-understanding (MOU) with Catalyst in connection with it. The MOU includes provision for a Sliammon-Catalyst Development Fund, commits Catalyst to informing the Sliammon regarding fibre-supply opportunities, and envisions longer-term collaboration relating to skills development.
"We have a good, ongoing working relationship with Catalyst. This MOU focuses on areas where we can gain benefits from stronger collaboration that supports capacity building and employment for band members. Sliammon First Nation would like to be part of positive developments within Catalyst," said Clint Williams, Chief Counsellor, Sliammon First Nation.
Co-generation projects harness electricity-production opportunities within existing industrial facilities and can enhance their operational viability with modest capital investment and little to no site disturbance or additional transmission infrastructure.
Waste wood, mostly tree bark, is burned in PB19 to create steam for both paper making and electricity generation. Manufacturing-related steam requirements were reduced when kraft pulp production ended at Powell River in 2001. The new steam condenser will allow PB19 to once again be operated at capacity, and G12 electricity generation double from 14-18 megawatts (MW) to a range of 32-36 MW.
Waste wood or biomass is classified as a carbon-neutral fuel under international carbon accounting protocols and widely accepted standards, and the project will therefore help achieve BC's carbon-reduction and energy self-sufficiency goals. The same amount of fossil fuel-generated electricity would typically create nearly 100,000 tonnes of greenhouse gas emissions each year, equivalent to the operation of 25,000 cars.
"Green-energy generation has enabled us to reduce the carbon footprint of our Canadian mills by more than 80 per cent since 1990," said Lindstrom. "We are keen to leverage that expertise more broadly. This project creates a supplemental energy product line, and that could translate into significant competitive advantage in an industry that's under pretty severe pressure."
The project's impact on the mill's environmental performance has been modelled and assessed, as required by the Canadian Environmental Assessment Act. The electricity from this project will displace natural gas generated electricity for a net annual reduction of 96,500 tonnes of carbon emissions. Mill air emissions are expected to remain within applicable permit levels and the mill's carbon footprint will remain at an industry-leading level of approximately 88 kg of CO2e/adt of production.
Installation of a recycling system will improve the use of sand that is fed into the boiler bed to ensure combustion efficiency. Rather than being trucked away for screening, as is now done, sand will be screened and recycled on-site, reducing the total volume of sand required.
The PPGTP is a federal program designed to support innovative projects with environmental and energy benefits in the Canadian paper industry. Catalyst qualified for $18 million in PPGTP credits.
Catalyst Paper manufactures diverse specialty printing papers, newsprint and pulp. Its customers include retailers, publishers and commercial printers in North America, Latin America, the Pacific Rim and Europe. With four mills located in British Columbia and Arizona, Catalyst has a combined annual production capacity of 1.9 million tonnes. The company is headquartered in Richmond, British Columbia, Canada and its common shares trade on the Toronto Stock Exchange under the symbol CTL. Catalyst is listed on the Jantzi Social Index® and is also ranked by Corporate Knights as one of the 50 Best Corporate Citizens in Canada.
To view this news release in HTML formatting, please use the following URL: http://www.newswire.ca/en/releases/archive/February2011/28/c6682.html
SOURCE: Catalyst Paper Corporation
SOURCE: Green News
HNR very hot today on very large relative volume. Hopefully its at TD on the Indonesia well and good news are leaking by now.
MMT options award
CALGARY, ALBERTA, Feb 23, 2011 (Marketwire via COMTEX News Network) --
Mart Resources, Inc. ("Mart" or the "Corporation") (TSX VENTURE:MMT) announces that it has granted stock options to purchase up to 5,575,000 common shares of the Corporation to certain officers and directors of the Corporation and stock options to purchase up to 1,700,000 common shares of the Corporation to employees and consultants of the Corporation. The options have an exercise price of $0.65 per common share and expire on February 22, 2016.
ABOUT MART RESOURCES:
Mart is an independent, international petroleum company focused on drilling, developing and producing oil and gas from low-risk proven petroleum properties in Nigeria, West Africa. The Company is currently producing and developing the Umusadege field along with Midwestern Oil and Gas Co. Plc (the Operator of the field) and SunTrust Oil Ltd. Mart also owns two land drilling rigs, has strong local relationships and experience and is evaluating additional proven undeveloped opportunities in Nigeria.
Mart Resources, Inc. was recognized as a TSX Venture 50(R) company in 2011. TSX Venture 50 is a trade-mark of TSX Inc. and is used under license.
Additional information regarding Mart Resources, Inc. is available on the company's website at www.martresources.com.
SOURCE: Mart Resources, Inc.
Mart Resources, Inc. - London Office Wade Cherwayko +44 207 351 7937 Wade@martresources.com Mart Resources, Inc. - London Office Angela Clark +44 207 351 7937 Anglea.Clark@martresources.com www.martresources.com
Copyright (C) 2011 Marketwire. All rights reserved.
LTK.V big run up at some point today to 20 cents or about 33% on large (relative) volume above 1M shares traded. Closed at 18 cents or up 16%. I sold some of my shares at 19 cents and thus de-risked my holdings a lot. It was my feel good odd stock on a lousy day !!!
Any idea on why the run up?
Yukon lottery tickets : CRG.TO
I bought CRG.TO today for their exposure to RYG.TO.
CRG is a holding company trading about 1/2 its NAV and has 6 to 10 exposure to RYG moves.
RYG has non other than Shawn Ryan on board and will probably be one of the hottest Yukon plays going forward
MMT: great post that puts some of the confusion regarding taxes to rest
http://investorvillage.com/smbd.asp?mb=12706&mn=1218&pt=msg&mid=10151860
Non event to me. If you look at other Barthi companies, they are constantly hiring retired Generals paying with options
Maybe Canadian oil sands will get a lift here as well and Don Coxe vindicates his old "buy reserves in politically secure areas of the World" mantra
Pretty cool hat, yeah. Andat least he seems to understand the mechanism of inflation much better than my idiot president in my side of the World...
Now on BNN web site :
http://www.bnn.ca/Shows/Squeeze-Play.aspx
How China Changes the World - Part One [02-15-11 5:20 PM]
How China Changes the World - Part Two [02-15-11 5:30 PM]
Canfor Corp on BNN
James Shepard
President & CEO, Canfor Corp.
How China Changes the World
Timber shipments to the US continue to stagnate, while shipments across the Pacific are booming. Is China's growing appetite for Canadian lumber enough to fill the gap? And what impact does the growing exports to China have on port cities in British Columbia? BNN finds out from Jim Sheppard, CEO, Canfor.
On BNN at 5:10 PM, should be up on the website soon...
http://www.bnn.ca/Home.aspx
Nice find. The beauty of it is if you compare the % gains and the market cap gains, MMT turns out to be the only one that did NOT dilute its shares and yet grew by leaps and wounds. A very sweet spot to be in!
PVG.TO: Do you know if any plans to list on US exchange ? That would help to fill in the valuation gap vs. Nova Gold