Mexicans Cope With Rising Tortilla Price
Saturday January 13, 9:52 pm ET
By Peter Orsi, Associated Press Writer
Mexicans Cope With Rising Prices for Tortillas, the Most Basic of Foods

MEXICO CITY (AP) -- Soaring international demand for corn has caused a spike in prices for Mexico's humble tortilla, hitting the poor and forcing President Felipe Calderon's business-friendly government into an uncomfortable confrontation with powerful monopolies.

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Tortilla prices jumped nearly 14 percent over the past year, a move Mexico's Central Bank Gov. Guillermo Ortiz called "unjustifiable" in a country where inflation ran about 4 percent. Ortiz pinned the blame on companies monopolizing the market and blocking competition.

"We clearly have a problem of speculation," he said.

The government and economists also blame increased U.S. production of ethanol from corn as an alternative to oil.

The battle over the tortilla, the most basic staple of the Mexican diet especially among the poor, demonstrates how increasing economic integration is felt on the street level.

"This is direct evidence of the way globalization is affecting all walks of life in Mexico and all over the world," said David Barkin, an economics professor at the Xochimilco campus of the Autonomous Metropolitan University in Mexico City.

On Friday, Economy Minister Eduardo Sojo said the government had authorized duty-free imports of 650,000 metric tons of corn to drive down tortilla prices. But he warned that any price relief would not be immediate, with the corn imports hitting the Mexican market in February.

Sojo said the quotas include 450,000 metric tons of white corn from the United States under the North American Free Trade Agreement, and 200,000 metric tons of white or yellow corn from anywhere else in the world.

White corn is favored in Mexico for tortillas, while yellow corn is reserved for livestock and industrial uses.

Efrain Garcia, president of the National Confederation of Agricultural Corn Producers, said growers would not oppose the increased imports, saying "it's very clear to us, the producers, that (Mexico) needs a cheap tortilla."

The federal government's antitrust watchdog announced this week it was investigating allegations companies were manipulating corn prices, and making deals to limit the supply of corn to boost prices of tortillas.

The Federal Competition Commission's director, Eduardo Perez Motta, said Friday the investigation would extend to "the whole chain of production, all the way to the consumer." Violators could face fines up to $6.4 million.

Since 2004, the agency has applied sanctions in six cases against anticompetitive practices in the corn and tortilla markets. Last year, it blocked Gruma's takeover of Mexican corn processor Agroinsa, saying it would have given it too much control over the market.

Officials from the world's largest tortilla maker, Monterrey, Mexico-based Gruma SA, were not immediately available for comment. The company, which has 89 tortilla plants worldwide and sells in the U.S. under the Mission brand, holds an estimated 70 percent share of the Mexican market for tortillas and cornmeal.

Big retailers, mostly supermarkets, have kept tortilla prices steady around $0.55 a kilogram, but in Mexico City, some shops are selling them for $0.90 a kilogram, up from $0.73.

For low-income Mexicans, who earn about $18 a day on average, the increasing prices have hit hard. According to the government, about half of the country's 107 million citizens live in poverty.

"When there isn't enough money to buy meat, you do without," said Bonifacia Ysidro as she wrapped an embroidered towel around a foot-high stack of tortillas to cart home.

Tortillas, she added, "you can't do without."

Ysidro said she paid $2.27 -- about a sixth of her household's combined daily income -- for enough tortillas to feed her family of six.

"If I don't have that much, I'll have to buy less," she said.

The U.S. Agriculture Department said Friday that ethanol plants and foreign buyers are gobbling U.S. corn supplies, pushing prices as high as $3.40 a bushel, the highest in more than a decade.

Nationwide in the United States, supplies of corn are expected to drop to 752 million bushels, a drop from last month's forecast of 935 million bushels and a steep decline from last year's supply of 1.967 billion bushels.

Mexican lawmakers are demanding the government impose price controls, but the federal consumer protection agency instead has launched an inspection campaign to ensure tortilla sellers post their prices and do not gouge customers.

Juan Camacho Gomez, president of national tortilla industry group, said if the price continues to rise and people buy fewer tortillas, it could mean "death for the small" sellers.

The country's tortilla sellers have proposed creating joint import companies to bypass intermediaries and cut costs.

The government eliminated its decades-old subsidy for tortillas in 1999 just as cheap corn imports were rising from the United States under NAFTA.

The tortilla increase outpaced inflation and minimum wage hikes of about 4 percent for the past year.

Grains traders forecast tortilla prices will rise by 20 to 25 percent during the first quarter of 2007.

That prospect worries Ysidro, who said: "If it goes higher, what am I going to give my children?"

Iran and Venezuela Plan Anti-U.S. Fund
Saturday January 13, 11:41 pm ET
By Natalie Obiko Pearson, Associated Press Writer
Iran, Venezuela Offer to Finance Efforts by Other Countries to Overcome U.S. Domination

CARACAS, Venezuela (AP) -- Venezuela's Hugo Chavez and Iran's Mahmoud Ahmadinejad -- fiery anti-American leaders whose moves to extend their influence have alarmed Washington -- said Saturday they would help finance investment projects in other countries seeking to thwart U.S. domination.

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The two countries had previously revealed plans for a joint $2 billion fund to finance investments in Venezuela and Iran, but the leaders said Saturday the money would also be used for projects in friendly countries throughout the developing world.

"It will permit us to underpin investments ... above all in those countries whose governments are making efforts to liberate themselves from the (U.S.) imperialist yoke," Chavez said.

"This fund, my brother," the Venezuelan president said, referring affectionately to Ahmadinejad, "will become a mechanism for liberation."

"Death to U.S. imperialism!" Chavez said.

Ahmadinejad, who is starting a tour of left-leaning countries in the region, called it a "very important" decision that would help promote "joint cooperation in third countries," especially in Latin America and Africa.

It was not clear if the leaders were referring to investment in infrastructure, social and energy projects -- areas that the two countries have focused on until now -- or other types of financing.

Iran and Venezuela are members of the Organization of Petroleum Exporting Countries, and Chavez said Saturday that they had agreed to back a further oil production cut in the cartel to stem a recent fall in crude prices.

"We know today there is too much crude in the market," Chavez said. "We have agreed to join our forces within OPEC ... to support a production cut and save the price of oil."

OPEC reduced output by 1.2 million barrels a day in November, then announced an additional cut of 500,000 barrels a day, due to begin on Feb. 1. Dow Jones Newswires reported Friday that OPEC is discussing holding an emergency meeting later this month to reduce output by another 500,000 barrels a day. Venezuela and Iran have been leading price hawks within OPEC.

Ahmadinejad's visit Saturday -- his second to Venezuela in less than four months -- comes as he seeks to break international isolation over his country's nuclear program and possibly line up new allies in Latin America. He is also expected to visit Nicaragua and Ecuador, which both recently elected leftist governments.

Chavez and Ahmadinejad have been increasingly united by their deep-seated antagonism toward the Bush administration. Chavez has become a leading defender of Iran's nuclear ambitions, accusing the Washington of using the issue as a pretext to attack Tehran.

Ahmadinejad, meanwhile, has called Chavez "the champion of the struggle against imperialism."

U.S. officials have accused Chavez -- a close ally of Cuban leader Fidel Castro -- of authoritarian tendencies, and National Intelligence Director John Negroponte said recently in an annual review of global threats that Venezuela's democracy was at risk.

The U.S. also believes Iran is seeking to use its nuclear program to develop an atomic bomb. Tehran says its program is peaceful and geared toward the production of energy.

The increasingly close relationship between Chavez and Ahmadinejad has alarmed some Chavez critics, who accuse him of pursuing an alliance that does not serve Venezuela's interests and jeopardizes its ties with the United States, the country's top oil buyer. Venezuela is among the top five suppliers of crude to the U.S. market.

In a speech earlier Saturday, Chavez called for the U.S. government to accept "the new realities of Latin America," as he brushed aside restrictions that limit presidents to two consecutive terms. He vowed to stay in office beyond 2013, when his term expires, saying he would revise the constitution to get rid of presidential term limits.

But Chavez also said in his state of the nation address to government officials and legislators that he had personally expressed hope to a high-ranking U.S. official for better relations between their two countries.

Chavez said he spoke with Thomas Shannon, head of the U.S. State Department's Western Hemisphere affairs bureau, on the sidelines of Nicaraguan President Daniel Ortega's inauguration earlier this week.

"We shook hands and I told him: 'I hope that everything improves,'" Chavez said. "I'm not anyone's enemy."

Chavez prompted a crash in Venezuelan share prices this past week when he announced he would seek special powers from the legislature to push through "revolutionary" reforms, including a string of nationalizations and unspecified changes to business laws and the commerce code.

He also announced plans for the state to take control of the country's largest telecommunications company, its electricity and natural gas sectors and four heavy crude upgrading projects now controlled by some of the world's top oil companies.

He said Saturday, however, that private companies would be allowed to own minority stakes in the lucrative Orinoco River basin oil projects.

The government has already taken majority ownership of all other oil-producing operations in the country through joint ventures controlled by the state oil company. Most companies have shown a willingness to continue investing despite the tightening terms, which have also included tax and royalty increases.

BC Mining Companies.

AME Abacus Mining & Exploration Corporation http://www.abacusminerals.com/ 
 AUA  Adanac Gold http://www.adanacgold.com/ 
 BBS  Black Bull Resources http://www.blackbullresources.com/ 
 BGS  Ballad Gold & Silver http://www.balladnet.com/ 
 BML  Barker Minerals http://www.barkerminerals.com/ 
 BPN  Bralorne-Pioneer Gold Mines http://www.bralorne.com/ 
 BRI  Bishop Resources http://www.bishopresources.com/ 
 BTT  Bitterroot Resources http://www.bitterrootresources.com/ 
 BVG  Bravo Venture Group http://www.bravoventuregroup.com/ 
 C  bcMetals http://www.bcmetalscorp.com/ 
 CBP  Consolidated Pacific Bay Minerals http://www.pacific-bay.com/ 
 CDO  Candorado Operating Company http://www.candorado.com/ 
 CMA  Cream Minerals http://www.creamminerals.com/ 
 CQC  Cusac Gold http://www.cusac.com/ 
 CYU  Columbia Yukon Explorations http://www.columbiayukon.com/ 
 CQR  Conquest Resources http://www.conquestresources.net/ 
 DEV  Delta Exploration http://www.deltaexploration.com/ 
 DRC  DRC Resources http://www.drcresources.com/ 
 DSR  Doublestar Resources http://www.doublestar.net/ 
 EAM  Ecstall Mining Corporation http://www.ecstall.com/ 
 EPL  Eagle Plains http://www.eagleplains.bc.ca/ 
 EV  Erin Ventures http://www.erinventures.com/ 
 FAR.h  1st Anyox Resources 
 FV  Firestone Ventures http://www.firestoneventures.com/  
 GCC  Golden Cariboo Resources 
 GCR  Golden Chalice Resources 
 http://www.internationalchalice.com/ 
 GOR  Goldrea Resources http://www.goldrea.com/ 
 GYD  Grayd Resource Corporation http://www.grayd.com/ 
 HAT  Hathor Exploration http://www.hathor.ca/ 
 HXL  Heritage Explorations http://www.heritageexploration.com/ 
 IGM  Island Mountain Gold Mines http://www.wayside-gold.com/ 
 III  Imperial Metals http://www.imperialmetals.com/ 
 IWA  International Wayside Gold Mines http://www.wayside-gold.com/ 
 JPN  J-Pacific Gold http://www.jpgold.com/ 
 KXL  Kodiak Exploration http://www.kodiak-resources.com/ 
 LGR  Logan Resources http://www.loganresources.ca/ 
 MOR  Molycor Gold http://www.molycor.com/ 
 MSK  Muskox Minerals http://www.muskoxminerals.com/ 
 MVT  Maxtech Ventures http://www.maxtechventures.com/ 
 NAV  Navasota Resources http://www.navasota.com/ 
 NGX  Northgate Exploration http://www.northgateexploration.ca/ 
 ORS  Orphan Boy Resources http://www.orphanboy.com/ 
 RDV  Redcorp Ventures http://redcorp-ventures.com/ 
 RFM  Rimfire Minerals http://www.rimfireminerals.com/ 
 SGX  Spectrumgold http://www.spectrumgold.net/ 
 SKY  Stikine Gold http://www.stikinegold.com/s/Home.asp 
 SML  Stealth Minerals http://www.stealthminerals.com/ 
 SUL  Sultan Minerals http://www.sultanminerals.com/ 
 TKO  Taseko Mines http://www.hdgold.com/ 
 TWD  Trade Winds Ventures http://www.tradewindsventures.com/ 
 WRS  Wildrose Resources http://www.eastfieldgroup.com/

PENNIES FOR DOLLARS

What's the catch? Read on. A strong argument can be made that investing in International Card Establishment, Inc. (OTCBB: ICRD) today may easily prove to be one of the better investment decisions for the coming year.

After suffering through a gestation period akin to an elephant's, that's to say about three years, the company reported a $29,000 net profit, $305,025 in EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization) on $2,827,008 in revenues for the third quarter ended September 30, 2006. Contrast this performance with the previous second quarter performance: $(2,283410) loss, $(2,003,35) EBITDA on $2,536,43 in revenues and it's enough to take your breath away. There are two key questions to ask yourself: (1) How did International Car Establishment, Inc. pull off the turnaround; and, (2) Can it sustain it's newfound profitable ways? The answer to the first question is easy: management took their scalpel out and "right-sized" the company, cutting offices and headcounts dramatically Oh, and management didn't spare themselves the pain they reduced their own salaries down to nominal levels, in effect wagering that the stock price will appreciate to make up for the lost salaries. For once - especially in the speculative stock world - you see managemen aligning their interests with those of their shareholders. International Card's management is not philanthropic; they are just betting that th appreciation in their substantial share holdings will far outweigh any lost wages.

Can I.C.E sustain it's new found profitable ways? The answer is a resounding YES, because no rational sales- agen foregoes cash in hand today unless they are being handsomely compensated for the differential between the current nominal salary and what they were previously drawing. Current sacrifice by management helps to produce sustainable profit growth and EBITDA over the coming quarters, and the stock price appreciates to reflect that development. So, what happens, assuming that this scenario plays out according to plan? There is one are two outcomes, both positive. On outcome is that the company grows its revenues, EBITDA and net income to $20,000,000, $2,500,000 and $1,200,000, respectively over th next 12 months. This should happen as the company's homegrown recipe of organic growth - which is buttressed by a highly successful program of grooming new agents to pound the pavement and land high quality (low default) merchant accounts. -- continues to bear fruit, as evidenced by the company's robust top-line performance.

Using the current industry P/E multiple of 30 as a guideline , we arrive at an implied value of $0.97 per share, based on 3 million shares outstanding (I am adding 4 million to be awarded management to the 33 million shares currently outstanding. At this level the company becomes a natural takeove candidate for the bigger players in the industry who have continually come up short in trying to organically grow their own merchant account portfolios. (By their own admission, they only grow via portfolio acquisition.) Underpinning this value will be the company's merchant account portfolio, which, a year from now, should number 8,000 high-quality merchants generating about $1,750,000 per month in revenues.
A commonly used yardstick used to value merchant account portfolios is ten times their monthly residual income stream. Accordingly, if International Card Establishment, Inc. were to liquidate itself - and there is no reason why it should; the company's intrinsic value, absent any value given to the company as a going concern, should total $18,000,000, or $0.49 per share. Compare that to the current stock price and you'll understand why buying International Card Establishment, Inc. (OTCBB: ICRD) at today's prices is like buying dollar bills for mere pennies. A year from now, we are looking at a stock worth roughly twice its current $0.25 price. On a going concern basis, look for takeout at $1.00 per share or more .

Weekly Update January 13, 2007

--------------------------------------------------------------------------------

According to IDC analyst Sue Feldman, "Text mining is growing at an enormous rate." The field of electronic document search and retrieval has gone from practically nothing three years ago, to achieving 30 percent growth over the past year.

Google opened its doors in 1998 with three people working from a friends garage trying to solve one of computing's biggest challenges: retrieving relevant information from a massive set of data. Now the company is worth more than $100 Billion and has proven the importance of search engines and data mining in a world critically dependent upon technology and managing digital data.

Nstein has search engine technology that is dramatically low key because it is not a high profile Internet search engine, but the brains driving this technology may become highly valuable in the next year or two (if not sooner).


NStein (EIN/TSX.V $0.85)
www.nstein.com

Nstein is in a very large market experiencing strong growth and there are very few public players. This company flies abnormally low on the radar. If Google is a 100 on the scale of visibility, NStein is a negative number. Yet the underlying technology engine driving NStein has tremendous potential in the digital world.

Unlike traditional search engines that search only for text and keywords, Nstein's cybernetic brain imitates a human's cognitive process when reading a piece of text. It first does a statistical analysis to see which words are repeated the most, thus inferring the importance of that term. Then it compares words to a database of synonyms to establish related terms and topics. Finally, a linguistic analysis uses rules of language to identify the parts of a sentence

What helps make this so fascinating is that NStein search technology is used by Corbis - a company founded by Bill Gates in 1989. Corbis is a world leader in digital media with 70 million images under license.

Equally impressive, Google's philanthropy chief is rallying industry support for an ambitious plan to create a global early-warning system to identify and prevent the spread of infectious diseases and other disasters. The technology capable of doing this and which he has recommended, is from the Canada Public Health Agency - it uses NStein as its backbone.

AMERICA'S DESIRE TO SUE ANYTHING & EVERYTHING WILL FUEL GROWTH

A recent extensive reform of the Federal Rules of Civil Procedure (FRCP) will also drive this growth. The reform means that electronic documents in all forms, including e-mail, instant messages and even transcripts of video conference and VoIP calls, are fair game for litigants during the discovery phase of a lawsuit. This has given enterprise search application vendors significant new momentum.

However, finding relevant documents among billions of pages is no easy task for corporations. According to one recent report, "the CEO of one vendor said he told a prospective customer that it would take between 200 and 300 servers (in addition to the ones already in place) to index some 30 terabytes of data. He was informed that his competition had quoted somewhere in the range of 1,000 servers."

The market is growing so rapidly because of the importance of discovery in the legal system which forces plaintiffs and defendants to put their cards on the table. This forces a settlement one way or the other. Apparently this results in fewer than two percent of federal cases ever going to trial.

If they fail to provide these documents in a timely manner, the courts can be very harsh. Morgan Stanley was apparently hit with a $1.45 billion settlement because the judge in the case instructed the jury to take the broker's failure to provide electronic documents as proof that the missing information was damaging to its case.

Companies are being encouraged by the courts to use technology in order to reduce the costs associated with discovery, and to make searching more productive.

The courts have already issued rulings with regards to electronic documents, but awards of the magnitude of the Morgan Stanley case prompted Congress to amend the FRCP to give those precedents force of law. The FRCP has only been amended a few times since 1938 !

NRC PARTNERSHIP WILL LEAD TO SEARCHES NEVER SEEN BEFORE

December 12th NStein signed a 10-year technology licence agreement and a three-year collaborative research agreement with the National Research Council of Canada (NRC). Under the agreement, nStein will commercialize a search technology initially developed by NRC under the name Factor and ensure its development at a joint lab with NRC. Factor is a next-generation search technology capable of detecting and decoding relationships between facts and entities tagged by nStein's advanced text analytics tools in documents and unstructured information.

Factor sets the standard for a new information discovery and retrieval experience. By making semantic searches customizable and interactive, it leverages the power of linguistic-based text analytics like no other technology can. Factor acts as a magnifier of nStein's capabilities, creating a relational layer that identifies links between facts (such as business acquisitions, hirings or financial statements) and entities (such as people, geographic locations or currencies).

In contrast, mainstream search engines, which do not have these differentiation capabilities, would generate countless hits only based on keyword matching and requiring a great deal of time and effort to sift through.

NSTEIN TECHNOLOGY OVERVIEW

Nstein Technologies develops and markets leading- edge software solutions for analyzing vast amounts of unstructured data in virtually any language. Nstein’s text mining and information access solutions transform reactive decision-making into a high- impact proactive – and even predictive – process. The Company is headquartered in Montreal, with offices in the United States and Europe.

a) Content Management for e-publishers, media & entertainment

A complete solution for digital asset management, web content management, advanced search and value-added semantic context with advanced text mining.

Nstein recently signed an important deal with Transcontinental Media, one of Canada’s largest publisher of magazines, to deploy Nstein’s Ntelligent Content Management (NCM) Suite in order to optimize the publication and administration of over 20 online information portals.

b) Market Intelligence, Information Access & Search

For media & entertainment, financial services, health & life sciences, retail and government agencies. Includes sentiment analysis and other Search Driven BI applications leveraging emails, blogs, websites, etc.

Strategy

Since its foundation, the Company has focused on developing and marketing solutions that accelerate and improve multilingual information search and access. The Company’s initial offering targeted the e- publishing market, followed by solutions for governmental agencies (specifically for automated monitoring and analysis of information for homeland security and intelligence). Nstein’s technology is also used in information search and access solutions designed for corporations.

REVOLUTIONIZING THE MEDIA ON THE INTERNET ?

According to a December report in the Montreal Gazette, Nstein's CEO (Girard) believes the future of media resides with his company's technology. The media will need a special tool to organize and index their content quickly so they can be sent to the right readers and then offer more relevant ads.

Nstein's semantic analysis software reads through tonnes of data and creates a neat summary of it: what it's about, how important it is, and what's related to it. Exactly as the reader would specify. "Nstein is the closest technology to the human brain when it comes to understanding text," Girard said.

Nstein believes it can help publications that want to attract the "digital tribes" to their home pages. When a major event happens, websites will want to quickly offer mountains of content on that topic so that interested readers will stick to that site, thus increasing page views and ad revenue.

"We're not far from this today," he said. A Web browser on a cellphone that can do a Google search doesn't count, he said. "Yes, you ask Google to find you information on viruses and it will give you one billion results. Are you happy with that ?"

Mainstream search engines that do not have Nstein's differentiation capabilities, would generate countless hits only based on keyword matching and requiring a great deal of time and effort to sift through.

CONCLUSION

In theory, NStein has the potential to change the face of search engines and corporate data search (who must sift through billions of pieces of digital information for research purposes, or as we saw above, legal reasons).

NStein along with the National Research Council of Canada are developing (or have developed) an entirely new generation of search, capable of detecting and decoding relationships between facts and entities (something I believe hasn't been done before). Everything we have moved towards in tradional media and the Internet, involves massive amounts of digital data and information.

When you have corporations like that owned by Bill Gates using the technology in its current form (without combining the NRC technology), or Google's philanthrooy chief using it indirectly, there has to be strong potential in here somewhere.




The Microcap Blog is updated Monday to Thursday evening with a summary of noteable microcap news for the day. Also send me your stock tips, rumours, etc. and I will post them for others to read. Direct link is available from the home page of www.microcap.com



Danny Deadlock
Microcap.com

No long weekends here 'till Easter.

Unless I decide to make one for myself.

No long weekend for me.

Pyramid Petroleum Inc.

TSX - V: PYR

January 10, 2007



Pyramid Petroleum Provides Alberta Operations Update and Announces Pending Revolving Line of Credit



CALGARY, Jan. 10 - Pyramid Petroleum Inc. today provided an update regarding its drilling operations in Alberta and announced a revolving line of credit with National Bank of Canada, pending completion of security arrangements.



Alberta Drilling Operations

Pyramid has fulfilled its seismic option agreement on four parcels of farm-in land totaling 2,040 acres in the Provost area of southeastern Alberta. Pursuant to the farm-in agreement, by February 24, 2007, Pyramid will drill the first test well to earn 100 percent on one block of land. The well will be targeting light oil at a depth of less than 1,000 meters in a prolific Sunburst zone and two up-hole gas zones in the Bow Island and Glauconite on a structurally high closure detected by seismic. An election to drill a second test well to earn 100 percent on all four parcels will be made within 30 days thereafter. The Company may elect to farm-out up to 40 percent of its working interest in these wells to industry partners or investors.



Pyramid plans to drill on its 160 acres in the Thompson Lake area of eastern Alberta after the prospects on its Provost Area farm-in have been drilled. The Company is targeting a light oil formation in the Dina sandstone at a depth of less than 1,000 meters, as identified by seismic.



Line of Credit

Pyramid has negotiated a $4 million revolving line of credit from National Bank of Canada, secured by the Company's Montana and Alberta assets. The $4 million credit facility will be made available to Pyramid upon satisfactory completion of the appropriate security and documentation, which is currently in progress. The proceeds will be partly used to pay off approximately $3 million of current outstanding debt owed to the operator of the Montana and Alberta assets. The balance of the funds will be available for general corporate purposes and capital expenditures in Alberta and Montana, including the drilling activity outlined above.



About Pyramid

Pyramid Petroleum is an oil and gas exploration and production company based in Calgary, Alberta. The Company's focus is on development of domestic and international hydrocarbon projects. Pyramid has non-operated working interests in producing properties located in Montana/Alberta and the Gulf of Mexico. The combined production net to Pyramid from these properties is approximately 325 barrels of oil equivalent per day.



The Company's shares are listed on the TSX Venture Exchange under the symbol PYR.

Avery Resources Inc.

TSX - V: ARY

January 12, 2007



Avery Resources Commences Wompi Block Drilling Program in Australia's Cooper Basin



CALGARY - Avery Resources Inc. today announced it has embarked on the first well of a three well drilling program in the ATP 752P Wompi Block. Drilling of the Marracoonda-2 exploration well has commenced in the 236,700 acre Wompi Block, located in the Queensland sector of Australia's Cooper Basin. Avery has the right to earn up to 50 percent in the block.



The Australian operator, Bow Energy Limited, expects this multi zone potential well to be drilled to a depth of 1,900 meters. The well is expected to take approximately 16 days to drill and evaluate.



Avery plans to drill the other two wells in the Wompi Block program, Gamma-1 and Nora-1, immediately following Marracoonda-2. Gamma-1 will test a structure that is located up-dip from two wells that had strong oil shows in multiple horizons. Nora-1 will test a structure that is on trend with the adjacent Watson and Watson South oil fields that have produced more than three million barrels of oil to date.



About Avery

Avery Resources is an international hydrocarbon exploration and production company based in Calgary, Alberta. The Company is committed to growing shareholder value through international acquisitions and exploration in countries that provide significant exploration upside coupled with favorable fiscal and legal systems. Avery's primary interest is in Australia, where the Company is building a significant presence through production, partnerships, drilling and acquisitions. Avery is focusing its current drilling activity in the Cooper Basin region of Australia.



Disclaimers

Except for statements of historical fact, all statements in this press release, without limitation, regarding new projects, acquisitions, and future plans and objectives are forward-looking statements which involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate; actual results and future events could differ materially from those anticipated in such statements.

Connacher Oil and Gas Limited

TSX  CLL

January 12, 2007



Connacher provides operational update; Great divide proceeding apace



CALGARY, AB - Connacher Oil and Gas Limited announces that considerable progress has been achieved at its Great Divide oil sands project in northeastern Alberta, Canada since our last reports to shareholders in November 2006.



Attached to this Press Release and posted on our website (www.connacheroil.com) are three recent photographs, including an aerial shot of the Great Divide Pod One plant site and construction area. Indicated thereon viewers and readers will see the location of Highway 63 between Edmonton and Fort McMurray, which runs to the east of our plant site; the pre-existing utility right-of way for power and pipelines; trucks traveling to and from the main borrow pit; the construction camp; the tank construction area and office; the main facility site including tank pads and the treater pad area; drilling pad 102 with TriCity rig No.37 which is drilling five horizontal well pairs; and the road towards Pad 101 on which two rigs will shortly be drilling an additional ten well pairs in anticipation of the summer 2007 startup of steaming followed by oil production from Pod One.



Also attached to this release is a recent (January 9, 2007) picture of progress at our main tank building and also a picture of oil removal filters ("orf's") on site at Great Divide. It should be noted that most of the equipment, skids and modules for the Pod One plant are completed and are being stored off-site awaiting installation in accordance with the established timetable.



See http://files.newswire.ca/574/connacher.jpg for photos.



POD ONE DEVELOPMENT



Connacher is very pleased with the overall progress of its drilling and plant construction program at its Great Divide Pod One development project. As is evident from the attached aerial photograph, considerable civil and construction work has been completed. The company expects to install the two evaporators utilized in its water handling and processing system during the latter part of January 2007. Tank and Treater building construction will also proceed once framing and piping installation is further advanced. Civil work at Pad 101 west of Pad 102 is complete so drilling can proceed on schedule once the five well pairs on Pad 102 are completed. These wells are being drilled in a westerly direction and will interact with the ten well pairs to be drilled in a northeasterly and a southwesterly direction from Pad 101 to drain the initial area of influence and produce 10,000 bbl/d of bitumen for the next six to eight years, before new well pairs will be required to maintain production levels by accessing other undrained portions of the Pod One accumulation.



At this juncture Connacher is comfortable with respect to its timetable and budget, reflecting the merits of sound pre-construction engineering and design work and development of reliable cost estimates from established suppliers of equipment and services.



GREAT DIVIDE CORE HOLE AND SEISMIC PROGRAM



Connacher was able to complete six core holes on its main lease block near Pod One, Pod Two and Pod Five during the month of December 2006. This marks the first time since acquiring the leases in early 2004 that Connacher was able to conduct field operations prior to year end. The results of these additional core holes will be available for inclusion in year end reserve and resource estimates to be conducted by GLJ Petroleum Consultants ("GLJ"), independent consultant for the company, as part of Connacher's normal compilation of year end operating and financial results. These are anticipated to be reported to shareholders on March 23, 2007 after the close of trading on Canadian stock markets.



Since year end 2006 Connacher has accelerated its core hole drilling program and is now operating with four rigs and one additional rig is being utilized solely to drill surface hole and set surface pipe in advance of the arrival of the core hole rigs. A total of 70 core holes are scheduled for drilling on the company's main lease block prior to breakup in the spring of 2007. Initial results from drilling are most encouraging with numerous wells encountering thick oil-bearing zones. The results of the total core hole program and seismic program scheduled to commence imminently will be provided to GLJ on a continuous basis and updated reserve estimates reflecting the Winter 2007 program will likely be provided to shareholders and investors around mid-year.



The outcome of drilling, particularly from wells near or associated with Pod Two northeast of Pod One, will determine if Connacher will be able to proceed on a timely basis this spring with a formal application to develop this accumulation, after due consultation with relevant stakeholders and authorities.



OTHER



In early January 2007 Connacher received approximately $10 million from the December 2006 sale of scattered minor properties to a private foreign-owned company. Proceeds were utilized to pay down short-term bank debt. In Connacher's opinion, the transaction metrics were favourable for the approximate 240 boe/d disposition of this non-core, high-cost stripper production.



The company has commenced its conventional drilling program in northern Alberta. A total of approximately 25 wells are anticipated for 2007 in winter-only access areas if warranted by initial results and if permitted by weather conditions.



Connacher acquired an additional 11.5 sections (7,360 acres) of oil sands rights at the January 10, 2007 Crown Sale in Alberta. This brings the company's total oil sands lease holdings in the region to approximately 90,000 acres or 140 sections, exclusive of P&NG rights held in the area for their natural gas prospectivity.



In addition to its extensive oil sands project and its conventional exploration and production operations at Marten Creek and Three Hills, Alberta and at Battrum, Saskatchewan, Connacher owns a 10,000 bbl/d refinery at Great Falls, Montana, where it is in the midst of constructing a new 150,000 barrel asphalt storage tank which will enable continued year-round high throughput rates at the refinery. Also, construction of a NaHs unit to extract impurities from the fuel gas supply was recently completed, which will enhance environmental performance.



Connacher also owns a 26 percent (fully-diluted) interest in Petrolifera Petroleum Limited (PDP - TSX), which demonstrated significant production growth from approximately 1,000 bbl/d or light gravity crude oil in January 2006 to over 13,400 bbl/d in December 2006 as a result of new drilling. This organic growth should continue during 2007 as Petrolifera has announced it plans to drill over 50 wells at Puesto Morales this year and also is anticipating commencement of drilling on its high-potential blocks in Peru. Connacher's net current cash investment in Petrolifera is only $2 million and its holdings have a current market value in excess of $210 million.



Connacher Oil and Gas Limited is a public Calgary-based oil and natural gas exploration and production company. Its principal asset is extensive holdings in Alberta's oil sands at Great Divide, situated approximately 50 miles southwest of Fort McMurray. Significant conventional oil and natural gas production and reserves are also held in Alberta and Saskatchewan. Connacher owns and operates a 10,000 bbl/d refinery at Great Falls, Montana and owns a significant equity stake in Petrolifera Petroleum Limited, a public Canadian oil company active in South America.

Toronto, Canada. January 10, 2007. Tiomin Resources Inc. ("Tiomin" orthe "Company") (TSX: TIO) is currently reviewing its strategic optionsfor the Kwale mineral sands project in Kenya (the "Project") andexpects to make a decision regarding the development of the Project bythe end of January 2007. The Project has suffered legal and bureaucratic delays that arenegatively impacting the Project's rate of return to Tiomin'sshareholders. Although the majority of the issues causing the delayshave been, or are likely to be, resolved in the near future, theincremental costs of the delays mean that it is unlikely that Tiominwill be able to satisfy the lenders' financial conditions to meet theFebruary 2007 deadline to begin drawing down on its US$155 million debtpackage. As previously indicated, the Company can no longer meet thepreviously published development schedule and budget. Tiomin is currently assessing the full financial impact of the recentevents. During the delay period, the Company has incurred severalmonths of additional overhead costs and, in addition, the value of theCompany's development funds in United States and Canadian currenciesdeclined against a basket of foreign currencies resulting in increasedcosts. The Company has not hedged its foreign exchange risk exposureand only planned to hedge the US$155 million debt facility oncedrawdown had been achieved. As part of its review, Tiomin has requested Ausenco, the primarycontractor, to review the capital cost estimates and developmentschedule for the Project. Ausenco expects to complete its evaluationwithin two weeks. Tiomin will also review the impact of having delayedthe orders of long-lead items on the start of production, which maypotentially affect some customer off-take contracts. The Government of Kenya ("GoK") made significant progress in resolvingoutstanding issues after Tiomin declared Force Majeure in December 2006and is working to complete the remaining steps required to develop theProject. Significantly, the GoK won its legal dispute regarding accessto the eight disputed plots of land, as described in the press releaseof December 19, 2006. The Company understands that the GoK willimmediately proceed with compulsory acquisition of the land once therequired compensation payments have been made. The GoK has grantedTiomin acceptable port tariffs and an exemption from paying certainstamp duties. It has also written to Tiomin indicating its intention tocomplete and gazette the remaining items required by the lenders. Otheroutstanding items include an agreement with the GoK on withholdingtaxes and the modification of the existing mining lease to encompassall land required for the Project. Tiomin continues to work closelywith the GoK to satisfy these conditions but remains in Force Majeure,as provided for in the Special Mining Lease issued to Tiomin by the GoKin July 2004. The Board of Directors of Tiomin is committed to acting in the bestinterests of the shareholders in this challenging situation. For further information, please contact Tiomin at (416) 350-3779 JeanCharles Potvin, CEO, ext. 227; Robert Jackson, President, ext. 230; orLaurie Gaborit, Investor Relations, ext. 222 (lgaborit@tiomin.com).Visit the Company's website at www.tiomin.com. Certain of the information contained in this news release constitute"forward-looking statements" within the meaning of the PrivateSecurities Litigation Reform Act of 1995. Such forward-lookingstatements, including but not limited to those respect to the prices ofrutile, zircon, ilmenite, estimated future production, estimated costsof future production and the Company's sales policy, involve known andunknown risks, uncertainties and other factors which may cause theactual results, performance or achievements of the Company to bematerially different from any forecast results, performance orachievements expressed or implied by such forward-looking statements.Such factors include, among others, the actual prices of rutile, zirconand ilmenite, the actual results of current exploration, developmentand mining activities, changes in project parameters as plans continueto be evaluated, as well as those factors disclosed in the Company'sdocuments filed from time to time with the Ontario SecuritiesCommission.

Micron Enviro Systems Inc Acquires Significant 50% Interest in Six New Contiguous Alberta Oil Sands Sections next to the Royal Dutch Shell
Micron Enviro Systems Inc. (OTCBB: MENV) (Frankfurt: NDDA --- WKN:A0J3PY---ISIN: US59510E2072) ("Micron") is extremely pleased to announce that it has just acquired an impressive 50% interest in six new contiguous Athabasca Oil Sands sections in Alberta, Canada. These new sections comprise of approximately 3,800 acres in prime Athabasca Oil Sands Area which is the largest oil sands development region on earth. This new lease is directly beside Paramount Energy Ope and is situated directly above the massive Oil Sands package that the Royal Dutch Shell paid approximately $450,000,000 for. This new acquisition is completely independent of the negotiations for additional Oil Sands leases announced December 28, 2006. A decision on those leases is still expected before the end of January.

Bernie McDougall, president of Micron stated, "This is quite possibly the most important acquisition in the companys history. Not only are these new sections in the worlds largest and most important Oil Sands region, but this acquisition represents the single largest ownership of any oil and gas prospect the company has attained. We feel that the Oil Sands of Alberta is the future of global oil production and Micron at this time is one of if not the smallest company that has active operations in the Alberta Oil Sands. Now with this new acquisition we feel that Micron offers tremendous leverage in regards to investing in the single largest known oil deposit on earth."

Recently, Micron was informed by the operator of the test well on the Leismer Oil Sands Prospect that it has now been completed and initial indications show impressive oil sands thickness. The core as well as the bore hole imaging tool will be analyzed within the next 5-10 days. The seismic is also expected to be completed and analyzed within 10-15 days, barring any unforeseen issues. The results will then be incorporated and released once final analysis is complete. The operator stated, "My prognosis is that with the calibrated seismic (to the well), the hole imaging tool (FMI) and the core, we will pinpoint a thick oil sands pod for SAGD production." This prospect lies directly between Petrobank and North American Oil Sands and viewing the initial data would appear that the formation and thickness on our property is consistent with these companies. (Please refer to the map on the website www.micronenviro.com for more details) Petrobank has stated a potential resource of 1.6 billion barrel and North American Oil Sands with a stated 4.09 billion potential barrels in ground. A recent third party independent report stated that there is potentially $3.7 billion (gross) worth of oil reserves on the total acreage that which Micron has an interest. This impressive number does not take into account the new information on the impressive thickness of the Leismer Oil Sands Prospect or any value to the significant acreage acquired today.

Micron is an emerging oil and gas company that now has exposure to five separate leases in the Athabasca Oil Sands of Alberta, Canada, which is the largest Oil Sands region in the world, and has minor production from multiple conventional oil and gas wells. Micron's goal is to become a junior oil and gas producer that focuses on the exploration, discovery and delivery of gas and oil to the North American marketplace. Micron continues to look for additional projects that would contribute to building Micron's market capitalization, including additional Oil Sands projects.

If you have any questions, please call Micron at (604) 646-6903. If you would like to be added to Micron's update email list, please send an email to info@micronenviro.com requesting to be added.

Contact:

Micron Enviro Systems, Inc.
Bernie McDougall
Phone (604) 646-6903
Fax: (604) 689-1733

ir@micronenviro.com
www.micronenviro.com

Gold, silver, platinum and palladium price forecasts for 2007
By: Lawrence Williams
Posted: '11-JAN-07 13:00' GMT © Mineweb 1997-2006



LONDON (Mineweb.com) --Giving credit where credit is due, Mineweb is showing here the precious metals price forecasts, and reasoning, for 2007 from Ross Norman of thebulliondesk.com precious metals website for this year’s London Bullion Market Association annual competition. Last year Norman was the winner in the LBMA competition gold price category and runner up for the other three precious metals. Over the past five years he has claimed two firsts, a second and a third in a field which includes leading bullion analysts from the global precious metals market, including Mineweb correspondent Rhona O’Connell.

Predicting precious metals prices can be a pretty pernicious exercise as too often one is left with egg on one’s face when the reality may prove far away from the prediction, however good the analyst. This year Mineweb will also be running a similar competition, open to all its readers, but just seeking predictions on the gold high, low, average and year-end prices for 2007. Details will be published on Mineweb this weekend. We hope a good number of readers will participate.

Norman is universally bullish on precious metals prices again this year following good runs in the previous few years.

ROSS NORMAN’S 2007 FORECASTS AND REASONING

Gold - High $850.00. Low $580. Average $716.

"We remain manifestly bullish for gold. Over the last five years gold has notched up a successive 23%, 25%, 5%, 20% and now a 23% rise ; for 2007 we expect the gold price to rise by a comparatively modest 18% to an average of $716, with a possible spike to an all time record high of $850. Whilst a weakening US dollar, stagnating mine production, buoyant oil prices, ongoing geopolitical tension and the spectre of inflation may provide a positive backdrop, we expect that sentiment by institutional investors demand growth arising from a broader access to gold both across a broader geographic spectrum as well as in terms of more products such as ETFs and bullion-linked indices. However, the fragmentation of the gold market that follows in consequence may well lead to increasing problems with liquidity and thus price volatilitity is also expected to remain high."

Silver - High $14.85. Low $11.95. Average $13.60.

"Despite less than inspiring fundamentals, silver confounds the critics having put in successive gains of 28%, 38% and 42% over the last three years. Even these very significant rises pale compared to the increases seen in the base metals sector where many of those metals play host to silver as a by-product (rises of between 44% for copper and 148% for nickel were seen in 2006). Investor demand, however, remains resolute and is driven by the belief that mine supply is finite, while industrial and consumer demand from the newly industrialising BRICS nations are likely to lead to levels of demand for goods that the West now takes for granted. The consenus seems to be that the long term impact on commodities will be deep and will be long term. Silver remains a beneficiary of that mood and we forecast 'stronger for longer'."

Platinum - High $1495. Low $1075. Average $1350.

"After years of a supply deficit, South African miners have been working hard to close the gap - but it just keeps racing away from them. There has been an ongoing concern that high yet volatile prices could trigger massive spend by industrials looking for substitutes. With the possible exception of fuel cells, the all important auto and industrial sector remains wedded to platinum and strength in the US and Asian economies is likely to continue to fuel demand. However, jewelllery demand is expected to suffer again in 2007 with platinum as wedding bands being more than compensated for by demand for allocated loco Zurich investment platinum."


Palladium - High $550. Low $290. Average $435.

"Late 2006 and 2007 has seen supply disruptions of oil, gas and indeed palladium from Russia that are vaguely reminiscent of the palladium shenanigans of 8 years ago. The effect back then was explosive upon the palladium price and there is merest possibility that we may be brewing for a second round of Russian delayed supplies which could potentially become the main issue affecting palladium in 2007. That aside, we remain positive about palladium prices notwithstanding concerns of a slow-down in the US economy as industrial demand slows. As a comparator to platinum, palladium remains very cheap while sharing most of the same chemical properties while palladium jewellery demand is at last establishing itself. We are bullish for palladium in 2007 and expect the auto sector to continue to drive the market higher (pun intended) as palladium makes in-roads (pun intended) into platinum usage on diesel catalytic convertors - a market which had historically very much favoured platinum."

Mornin' Larry.

How are you?

Got snow here about a foot of it. Looks like it will be here for a while too!

Ear on the Street

Alliance Atlantis Commun. (AAC.B : TSX : $52.30)
Two firms to acquire company for $53.00 a share
BMO Nesbitt Burns maintains a "market perform", target price raised to $53.00
Desjardins Securities moves to "tender", target price cut to $53.00

Amica Mature Lifestyles (ACC : TSX : $9.25)
Management operations continue to grow profitability
Canaccord Adams maintains a "buy", target price raised to $9.75

ACE Aviation Holdings (ACE.B : TSX : $33.29)
Current valuation looks attractive
BMO Nesbitt Burns upgrades to "outperform", target price raised to $40.00
TD Newcrest maintains a "buy", 12-month target price is $40.00

Astral Media (ACM.A : TSX : $44.50)
Expecting another strong quarter; M&A is the focus
CIBC World Markets maintains a "sector perform", target price is $45.00

Algoma Steel (AGA : TSX : $33.00)
Expecting lower earnings on falling steel prices
BMO Nesbitt Burns maintains a "market perform", target price is $50.00

Angiotech Pharmaceuticals (ANP : TSX : $9.40 | ANPI : NASDAQ : US$7.99)
Partner releases preliminary DES results
Blackmont Capital maintains a "buy", target price cut to US$13.50

ATS Automation Tooling Systems (ATA : TSX : $10.69)
Announces layoffs
Blackmont Capital upgrades to "buy", 12-month target price is raised to $13.70

Aur Resources (AUR : TSX : $22.26)
Recent decline presents attractive buying opportunity
Desjardins Securities upgrades to "buy", target price is $27.00

Aurora Energy Resources (AXU : TSX : $14.60)
Initial drill results from Inda Lake Trend uranium targets
Canaccord Adams maintains a "hold", target price is $15.00
National Bank Financial maintains a "outperform", target price raised to $20.00

Axia NetMedia (AXX : TSX : $3.83)
New French concessions and Australian bid provides upside
Canaccord Adams maintains a "buy", target price raised to $4.25

Bow Valley Energy (BVX : TSX : $6.23)
Natural gas price forecast reduced
Blackmont Capital maintains a "buy", 12-month target price is cut to $7.50

Cogeco Cable (CCA : TSX : $36.33)
Looking for Q1 results to provide a catalyst
National Bank Financial maintains a "outperform", target price is $36.00

CanWest Global Communications (CGS : TSX : $10.70 | CWG : NYSE : US$9.14)
Posts solid Q1 progress; partners with Goldman Sachs to acquire Alliance Atlantis
BMO Nesbitt Burns upgrades to "outperform", target price raised to $12.00
GMP Securities downgrades to "hold", target price cut to $10.50
TD Newcrest upgrades to "buy", 12-month target price is $12.00

Cineplex Galaxy Inc Fund (CGX.UN : TSX : $13.15)
Downgrade due to price appreciation
BMO Nesbitt Burns downgrades to "market perform", target price is $13.00

Corus Entertainment (CJR.B : TSX : $46.49 | CJR : NYSE : US$39.61)
First quarter results slightly exceed estimates
BMO Nesbitt Burns maintains a "market perform", target price raised to $50.00
CIBC World Markets maintains a "sector outperform", target price raised to $50.00
Desjardins Securities reiterates "buy", target price raised to $53.00
GMP Securities maintains a "buy", target price raised to $50.00
RBC Capital Markets reiterates "outperform", 1-year target price raised to $50.00

Cinch Energy (CNH : TSX : $0.97)
Achieves year-end exit rate
Haywood Securities maintains a "sector outperform", target price is $1.75

Canadian Natural Resources (CNQ : TSX : $54.02)
Analysts introduce a new commodity price deck for 2007
Blackmont Capital maintains "hold", 12-month target price is cut to $59.00

CanWest MediaWorks (CWM.UN : TSX : $7.41)
Mixed bag of results
National Bank Financial maintains a "sector perform", target price raised to $8.00

EnCana Corp. (ECA : TSX : $53.31 | NYSE : US$45.50)
Analysts introduce a new commodity price deck for 2007
Blackmont Capital maintains "buy", 12-month target price is cut to US$57.00

EPCOR Power L.P. (EP.UN : TSX : $27.21)
Releases more information on the Primary Energy Venture acquisition
BMO Capital Markets maintains "market perform", 12-month target price is raised to $26.00

EXFO Electro-Optical Engin. (EXF : TSX : $7.36 | EXFO : NASDAQ : US$6.25)
Strong Q1 EPS but soft guidance
BMO Capital Markets maintains "outperform", 12-month target price is US$7.00
National Bank Financial maintains "outperform", 12-month target price is cut to US$7.00

Flagship Energy (FG.A : TSX-V : $1.10)
Debt reduction is the key for 2007
GMP Securities maintains "buy", 12-month target price is $1.50

Movie Distribution Income Fund (FLM.UN : TSX : $7.90)
GS Capital Partners will acquire Alliance Atlantis' 51% interest in Movie Distribution
TD Newcrest maintains "buy", 12-month target price is $9.00

Finning International (FTT : TSX : $46.95)
Executive VP resigned
RBC Capital Markets maintains "outperform", 12-month target price is $53.00

Golden Star Resources (GSC : TSX : $3.40)
A slower ramp-up of the Bogoso expansion project
Blackmont Capital maintains "buy", 12-month target price is cut to $5.50

Innova Exploration (IXL : TSX : $5.44)
Natural gas price forecast reduced
Blackmont Capital maintains a "hold", 12-month target price is cut to $6.75

Katanga Mining (KAT : TSX : $6.63)
Re-developing Kamoto mine in DRC
GMP Securities maintains "buy", 12-month target price is $10.00

Labrador Iron Ore Royalty (LIF.UN : TSX : $25.55)
Iron ore price negotiations trending upwards
RBC Capital Markets maintains "underperform", 12-month target price is $23.50

MDS Inc. (MDS : TSX : $20.32 | MDZ : NYSE : US$17.30)
FDA issues letters to MDS clients
RBC Capital Markets maintains "sector perform", 12-month target price is $23.00

Migenix Inc. (MGI : TSX : $0.55)
New Street coverage
Canaccord Adams initiates coverage with a "buy", 12-month target price is $1.50

Matrikon Inc. (MTK : TSX : $3.45)
Q1 slightly below estimates
BMO Capital Markets maintains "market perform", 12-month target price is raised to $4.00

Northern Peru Copper (NOC : TSX : $6.58)
Positive pre-feasibility study on Galeno
Canaccord Adams maintains "buy", 12-month target price is $8.10

Nexen (NXY : TSX : $61.67)
Analysts introduce a new commodity price deck for 2007
Blackmont Capital maintains "buy", 12-month target price is cut to $71.00

Jean Coutu Group (PJC) (PJC.A : TSX : $14.80)
Solid Canadian outlook
BMO Capital Markets maintains "market perform", 12-month target price is raised to $15.00
National Bank Financial upgrades to "outperform", 12-month target price is raised to $17.00

Pizza Pizza (PZA.UN : TSX : $8.10)
Royalty pool will increase by 30 restaurants
TD Newcrest maintains "buy", 12-month target price is cut to $9.00

Shoppers Drug Mart (SC : TSX : $50.91)
Real estate strategy is working
RBC Capital Markets maintains "outperform", 12-month target price is $60.00

Serengeti Resources (SIR : TSX-V : $0.90)
New Street coverage
Canaccord Adams initiates coverage with a "buy", 12-month target price is $1.70

Theratechnologies (TH : TSX : $8.28)
On the way to commercialize Th9507
Canaccord Adams maintains "buy", 12-month target price is raised to $11.40

Talisman Energy (TLM : TSX : $18.08)
Analysts introduce a new commodity price deck for 2007
Blackmont Capital maintains "hold", 12-month target price is cut to $20.00

Velan Inc. (VLN : TSX : $16.00)
Q2 shows slightly better operating profit margins
BMO Capital Markets maintains "underperform", 12-month target price is raised to $13.00

West Energy Ltd. (WTL : TSX : $4.60)
Production ramp-up slightly delayed
GMP Securities maintains "buy", 12-month target price is $9.50

Undervalued Stock #1 ========== ------ Weatherford International Ltd. (NYSE: WFT) ------ Insider Name: Robert B. MillardInsider Position: DirectorInsider Action: 10,000 shrs on 1/9/2007Insider Total Holding: 261,376 shrs -------------------------------------------------------Undervaluation Merits... P/E Ratio = 15.4 (Industry Average 17.62)P/S Ratio = 2.03 (Industry Average 3.36)P/B Ratio = 2.26 (Industry Average 4.10)P/CF Ratio = 9.40 (Industry Average 12.12) Industry: Oil Well Equipment & Services ------ Weatherford International Ltd. (NYSE: WFT)

Rice: U.S. not ‘pulling the plug’ on Iraq
Top diplomat travels to Middle East to drum up support for new U.S. policy


http://www.msnbc.msn.com/id/16606866/

Way less. Maybe 15 miles. Typo there

Looks like a Quad with tracks instead of wheels.

North of Westlock about 50 miles maybe less.

Ear on the Street

Aeroplan Income Fund (AER.UN : TSX : $17.02)
Float to double
RBC Capital Markets maintains a "outperform", target price is $19.00

Alexis Minerals Corporation (AMC : TSX-V : $0.55)
Strength seen ahead
Canaccord Adams maintains a "buy", target price raised to $0.85

Axmin Inc (AXM : TSX-V : $0.97)
Net proceeds of $39.5 million from the December 2006 financing
Canaccord Adams maintains a "buy", target price is $1.60
Haywood Securities maintains "sector outperform", 12-month target price is cut to $1.50

Bear Creek Mining (BCM : TSX-V : $8.89)
Current valuation looking attractive
Canaccord Adams maintains a "buy", target price raised to $12.20

Boston Pizza Royalties (BPF.UN : TSX : $15.31)
2008 Estimates
Canaccord Adams maintains a "hold", target price raised to $15.10

BrazMin (BZM : TSX : $1.10)
Future looking bright
Canaccord Adams maintains a "buy", target price raised to $1.70

Cascades Inc. (CAS : TSX : $13.45)
Acquisition of Norampac JV completed
CIBC World Markets maintains "sector perform", 12-month target price is $14.00

Committee Bay Resources (CBR : TSX-V : $0.60)
Looking for sun to shine on the bay
Canaccord Adams maintains a "buy", target price raised to $1.30

Cogeco Cable (CCA : TSX : $33.27)
Q1 to be reported on Thursday
GMP Securities maintains "buy", 12-month target price is raised to $41.50
TD Newcrest maintains "hold", 12-month target price is raised to $35.00

Calpine Power Income Fund (CF.UN : TSX : $13.02)
Rejection recommendation from board
National Bank Financial maintains a "sector perform", target price is $12.25

Chemtrade Logistics Inc Fd (CHE.UN : TSX : $7.70)
Reduction of distribution
BMO Nesbitt Burns maintains a "market perform", target price is $8.25
CIBC World Markets maintains "sector perform", 12-month target price is cut to $7.50

Canadian National Railway (CNR : TSX : $50.37)
Current price provides attractive entry point
Credit Suisse reiterates "outperform", target price is $63.00

Domtar Inc. (DTC : TSX : $9.60)
Sale of Norampac JV completed
CIBC World Markets maintains "sector underperform", 12-month target price is raised to $9.00

Prime Restaurants Royalty (EAT.UN : TSX : $7.31)
Analysts roll forward earnings estimates on the restaurant royalty trusts
Canaccord Adams maintains "sell", 12-month target price is cut to $6.00

EPCOR Power L.P. (EP.UN : TSX : $26.75)
Provides PEV update
TD Newcrest maintains "hold", 12-month target price is $27.25

Extendicare REIT (EXE.UN : TSX : $14.39)
New Street coverage
CIBC World Markets initiates coverage with a "sector perform", 12-month target price is $16.00

GEOCAN Energy Inc (GCA : TSX : $1.52)
2007 capital budget approved
Haywood Securities maintains "sector perform", 12-month target price is $2.00

Gennum Corp. (GND : TSX : $14.50)
New Bluetooth headset introduced
GMP Securities maintains "buy", 12-month target price is $16.00

Grayd Resources (GYD : TSX-V : $1.08)
Analysts change valuation metrics
Canaccord Adams maintains "buy", 12-month target price is raised to $1.55

H&R Real Estate Invest. Trust (HR.UN : TSX : $23.50)
Relative valuation looks positive
BMO Nesbitt Burns increases rating to "outperform", target price is $27.00

The Keg Royalties Income Fd (KEG.UN : TSX : $11.70)
Analysts roll forward earnings estimates on the restaurant royalty trusts
Canaccord Adams maintains "hold", 12-month target price is raised to $12.00

Logibec Groupe Informatique (LGI : TSX : $16.06)
Q4 in line
GMP Securities maintains "buy", 12-month target price is $19.00

Linear Gold Corp. (LRR : TSX : $5.50)
Concern from preliminary metallurgical tests
Blackmont Capital maintains "buy", 12-month target price is $8.20
Raymond James maintains a "strong buy", 6-12 month target price cut to $7.50

Metallica Resources (MR : TSX : $4.54)
Analysts change valuation metrics
Canaccord Adams maintains "buy", 12-month target price is raised to $6.30

Methanex Corp. (MX : TSX : $31.24 | MEOH : NASDAQ : US$26.52)
Downgrade due to rising stock price
CIBC World Markets downgrades to "sector underperform", 12-month target price is US$25.00

Orezone Resources (OZN : TSX : $1.52 | AMEX : US$1.29)
Analysts change valuation metrics
Canaccord Adams maintains "buy", 12-month target price is raised to $2.45

Premier Gold Mines (PG : TSX : $1.33)
The exploration potential
Canaccord Adams maintains "buy", 12-month target price is raised to $2.00

Pacific Rim Mining (PMU : TSX : $1.15)
Analysts change valuation metrics
Canaccord Adams maintains "buy", 12-month target price is raised to $2.25

ProEx Energy Ltd. (PXE : TSX : $12.55)
Closes financing and provides 2007 Capex program
BMO Nesbitt Burns maintains a "market perform", target price cut to $13.00

Pizza Pizza (PZA.UN : TSX : $8.05)
Analysts roll forward earnings estimates on the restaurant royalty trusts
Canaccord Adams maintains "buy", 12-month target price is raised to $8.70

QuStream (QVC : TSX-V : $1.76)
Q4 sales miss
Blackmont Capital downgrades to "hold", 12-month target price is cut to $2.00

Rogers Communications (RCI.B : TSX : $35.75)
Q4 subscriber pre-released yesterday
CIBC World Markets maintains "sector outperform", 12-month target price is cut to $40.00

Reitmans (Canada) (RET.A : TSX : $21.35)
New Street coverage
TD Newcrest initiates coverage with a "buy", 12-month target price is $25.00

Second Cup Royalty (SCU.UN : TSX : $9.40)
Analysts roll forward earnings estimates on the restaurant royalty trusts
Canaccord Adams upgrades to "buy", 12-month target price is raised to $9.75

SIR Royalty Income Fund (SRV.UN : TSX : $8.70)
Analysts roll forward earnings estimates on the restaurant royalty trusts
Canaccord Adams maintains "buy", 12-month target price is raised to $9.50

Tim Hortons (THI : TSX : $36.50 | NYSE : US$30.99)
Better than expected fourth quarter same-store sales
RBC Capital Markets maintains a "outperform", target price is $38.00

TransForce Income Fund (TIF.UN : TSX : $13.63)
Closes acquisition of Westfreight Systems
BMO Nesbitt Burns maintains a "outperform", target price is $15.50

Ear on the Street

Air Canada (AC.B : TSX : $17.95)
New Street coverage
RBC Capital Markets initiates coverage with a "outperform", 12-month target price is $29.00

ATCO Ltd. (ACO.X : TSX : $46.60)
Downgrade due to rising stock price
TD Newcrest downgrades to "reduce", 12-month target price is $45.00

Alcan Inc. (AL : TSX : $52.27 | NYSE : US$44.46)
Q4 mark to market
Credit Suisse maintains "neutral", 12-month target price is US$54.00

ATS Automation Tooling Systems (ATA : TSX : $10.56)
Silicon shortage
Blackmont Capital maintains "hold", 12-month target price is $13.00

Cameco Corp. (CCO : TSX : $43.74)
Analysts forecast higher uranium forecasts
Blackmont Capital maintains "hold", 12-month target price is raised to $51.00

CanWest Global Communications (CGS : TSX : $10.67)
To buy Alliance Atlantis?
CIBC World Markets maintains "sector perform", 12-month target price is $12.50

Cineplex Galaxy Inc Fund (CGX.UN : TSX : $12.80)
Sum of the parts valuation
RBC Capital Markets maintains "outperform", 12-month target price is $16.00

Corus Entertainment (CJR.B : TSX : $44.31)
Strong Q1 expected
CIBC World Markets maintains "sector outperform", 12-month target price is $48.00

Le Chateau (CTU.A : TSX : $59.75)
Compelling growth profile
GMP Securities maintains "buy", 12-month target price is raised to $72.50

Canadian Western Bank (CWB : TSX : $25.46)
Two-to-one stock split
Blackmont Capital maintains "buy", 12-month target price is $27.00

Etruscan Resources (EET : TSX : $3.55)
Encouraging results from Mali West Permit
CIBC World Markets maintains "sector outperform", 12-month target price is $6.25

Forsys Metals (FSY : TSX : $5.50)
New Street coverage
Blackmont Capital initiates coverage with a "hold", 12-month target price is $5.40

Finning International (FTT : TSX : $46.99)
Looking for bright future
RBC Capital Markets reiterates "outperform", target price raised to $51.00

Accrete Energy Inc. (GZ : TSX : $5.55)
2007 driven by monetization and exploration
Haywood Securities maintains "sector outperform", 12-month target price is $10.25

Livingston Intl Income Fund (LIV.UN : TSX : $21.49)
New Street coverage
RBC Capital Markets initiates coverage with a "outperform", 12-month target price is $23.00

MAG Silver Corp. (MAG : TSX-V : $5.83)
Recent pull-back provides attractive buying opportunity
Raymond James upgrades to "strong buy", 6-12 month target price is $7.75

March Networks (MN : TSX : $20.09)
Competitor announces deal with big-box retailer
RBC Capital Markets maintains a "outperform", target price is $31.00

Nexen (NXY : TSX : $60.85)
Buzzard field starts production
Scotia Capital Markets maintains "sector outperform", 12-month target price is $83.50

Jean Coutu Group (PJC) (PJC.A : TSX : $14.33)
Q2 in line
Blackmont Capital maintains "hold", 12-month target price is $14.00

Parkland Income Fund (PKI.UN : TSX : $36.56)
$57.5 million equity issue
Scotia Capital Markets maintains "sector perform", 12-month target price is $36.50

Purepoint Uranium Group (PTU : TSX-V : $0.89)
Focused Athabascan exploration
Blackmont Capital initiates coverage with a "speculative buy", 12-month target price is $1.60

Rogers Communications (RCI.B : TSX : $35.10 | RG : NYSE : US$29.84)
Q4 subscriber numbers beat expectations
CIBC World Markets maintains "sector outperform", 12-month target price is $40.00
Haywood Securities maintains a "sector outperform", target price raised to $42.00
RBC Capital Markets maintains a "top pick", target price is $42.00
TD Newcrest maintains "action list buy", 12-month target price is raised to $45.00

Strateco Resources (RSC : TSX-V : $2.33)
New Street coverage
Blackmont Capital initiates coverage with a "buy", 12-month target price is $3.00

Shoppers Drug Mart (SC : TSX : $50.41)
Fighting to maintain growth
Blackmont Capital downgrades to "hold", 12-month target price is $54.00

Softchoice Corp. (SO : TSX : $11.05)
Expecting solid Q4/06 revenue number next week
GMP Securities maintains a "buy", reiterates $14.50 target

Superior Plus Income Fund (SPF.UN : TSX : $10.80)
Completes sale of JW Aluminium business
RBC Capital Markets "sector perform", target price cut to $11.00

Stornoway Diamond (SWY : TSX : $1.13)
More diamonds recovered at Churchill
Raymond James reiterates "strong buy", 6-12 month target price is $1.70

sxr Uranium One (SXR : TSX : $12.85)
Sweetwater deal withdrawn by Rio Tinto
Raymond James downgrades to "market perform", 6-12 month target price cut to $13.35

Tim Hortons (THI : TSX : $36.43)
Strong December sales growth
Blackmont Capital maintains "buy", 12-month target price is raised to $44.00

Yamana Gold Inc. (YRI : TSX : $13.93)
Fourth quarter production meets expectations
Blackmont Capital maintains a "buy", 12-month target price is $17.75

Whistler has gotta have a pile of snow.

A few more weeks.

No sympathy wanted.

A foot of snow on the ground!

Wind warning for:
Fraser Valley


WEST TO NORTHWEST WINDS OF 60 TO 90 KM/H EASING LATER THIS EVENING. THIS IS A WARNING THAT DAMAGING WINDS ARE IMMINENT OR OCCURRING IN THESE REGIONS. MONITOR WEATHER CONDITIONS..LISTEN FOR UPDATED STATEMENTS.
AN INTENSE COLD FRONT CROSSING THE SOUTH COAST IS PRODUCING STRONG WEST TO NORTHWEST WINDS OF 60 TO 90 KM/H OVER MUCH OF THE SOUTH COAST EARLY THIS EVENING. THE STRONG WINDS WILL GRADUALLY EASE THIS LATER EVENING AS THE FRONT MOVES WELL EAST OF THE REGION. IN THE WAKE OF THE FRONT FLURRIES ARE BEING REPORTED IN MANY COASTAL. LOCATIONS AND SNOWFALL WARNINGS REMAIN IN EFFECT FOR NORTHERN VANCOUVER ISLAND THE CENTRAL COAST WHERE AN ADDITIONAL 5 TO 10 CM IS EXPECTED TONIGHT. FLURRIES WILL EXTEND ACROSS THE FRASER VALLEY OVERNIGHT WHERE 5 TO 10 CM IS EXPECTED BY WEDNESDAY MORNING.

PLEASE REFER TO THE LATEST PUBLIC FORECASTS FOR FURTHER DETAILS.
ISSUED BY ENVIRONMENT CANADA
AT 4:12 PM PST TUESDAY 9 JANUARY 2007


Snowfall warning for:
Fraser Valley


SNOWFALL ACCUMULATION OF 5 TO 10 CM OVER THE NORTHERN VANCOUVER ISLAND THE CENTRAL COAST - COASTAL SECTIONS AND THE CENTRAL COAST - INLAND SECTIONS THIS EVENING. 5 TO 10 CM OF SNOW EXPECTED TO BEGIN OVERNIGHT FOR THE FRASER VALLEY.

Ear on the Street

Aur Resources (AUR : TSX : $20.05)
Canaccord Adams lowering its copper price forecasts
Canaccord Adams maintains a "hold", lowers target to $25.00 from $26.50

Bombardier Inc. (BBD.B : TSX : $4.08)
Delta in talks to buy 60 76-seat CRJ900s
GMP Securities maintains a "reduce", target of $3.35

BCE Inc. (BCE : TSX : $30.72)
Channel checks indicate slower wireless sales during Holiday Season
RBC Capital Markets maintains a "sector perform", raises target to $33.00 from $32.00

CAE Inc. (CAE : TSX : $11.20)
Earnings performance, end markets and order book all reflect positive momentum
Raymond James upgrades to an "outperform" from "market perform", raises target to $12.40 from $10.75
TD Newcrest upgrades to a "buy" from "hold", raises target to $12.50 from $11.00

CAP REIT (CAR.UN : TSX : $18.62)
Valuation looks attractive for a large liquid REIT
Canaccord Adams upgrades to a "buy" from "hold", raises target to $20.25 from $19.50

Constellation Copper (CCU : TSX : $1.31)
December production 20% below guidance - no reason given
GMP Securities maintains a "buy", target of $2.95

Calpine Power Income Fund (CF.UN : TSX : $13.00)
Trustees rejecting the takeover offer
Canaccord Adams maintains a "hold", target of $13.50
Desjardins Securities maintains a "hold", raises target to $13.25 from $12.50
TD Newcrest maintains a "hold", target of $12.25

Chemtrade Logistics Inc Fd (CHE.UN : TSX : $7.86)
Cutting distributions by 16.6% to $1.20 per unit per year
Blackmont Capital maintains a "sell", target of $7.00
TD Newcrest downgrades to a "hold" from "buy", lowers target to $8.00 from $11.00

Cumberland Resources (CLG : TSX : $5.98)
Received a project certificate for Meadowbank
Raymond James maintains a "strong buy", target of $7.75

Canadian Royalties Inc (CZZ : TSX : $2.45)
Positive drill results from 27 holes in the Tootoo zone at their Raglan South Nickel Project
Blackmont Capital maintains a "buy", target of $3.20
Raymond James maintains a "strong buy", target of $3.25

Descartes Systems Group (DSG : TSX : $4.10 | DSGX : NASDAQ : US$3.47)
Focusing on services for the logistics and transportation provider community - competition is highly fragmented
CIBC World Markets initiates coverage with a "sector outperformer", target of US$5.50

First National Financial (FN.UN : TSX : $13.55)
Distribution increase imminent?
RBC Capital Markets maintains an "outperform", raises target to $14.50 from $13.25

FNX Mining Company (FNX : TSX : $16.65)
Canaccord Adams raises their nickel price forecasts
Canaccord Adams maintains a "buy", raises target to $22.00 from $17.50

Inmet Mining (IMN : TSX : $51.79)
Canaccord Adams lowering its copper price forecasts
Canaccord Adams maintains a "buy", target of $70.00
CIBC World Markets upgrades to a "sector outperformer" from "sector performer", target of $75.00

JDS Uniphase (JDU : TSX : $20.75 | JDSU : NASDAQ : US$17.73)
Acquiring Casabyte - a small wireless test/measurement vendor
GMP Securities maintains a "buy", target of US$22.00

Kaboose Inc (KAB : TSX : $2.20)
Acquires Internet photo sharing service BubbleLabs for US$2.25 million
GMP Securities maintains a "buy", target of $2.95

Killam Properties Inc (KMP : TSX : $2.50)
Fundamentals are improving with a potential REIT conversion
Canaccord Adams upgrades to a "buy" from "hold", raises target to $3.10 from $3.00

LionOre Mining International (LIM : TSX : $12.35)
Canaccord Adams raises their nickel price forecasts
Canaccord Adams maintains a "buy", raises target to $17.50 from $12.50

MacDonald Dettwiler & Assoc. (MDA : TSX : $42.10)
Market not adequately reflecting their U.K. business
RBC Capital Markets maintains a "top pick", target of $55.00

Northern Peru Copper (NOC : TSX : $5.75)
Release a better-than-expected 43-101 compliant resource estimate for its Hilorico gold project
Raymond James maintains a "strong buy", target of $14.00

Northern Property REIT (NPR.UN : TSX : $27.58)
Approaching full value at current levels
Canaccord Adams downgrades to a "hold" from "buy", raises target to $28.75 from $28.00

Petro-Canada (PCA : TSX : $44.60)
Recent correction providing a timely buying opportunity
CIBC World Markets upgrades to a "sector outperformer" from "sector performer", target of $57.00

Peyto Energy Trust (PEY.UN : TSX : $16.94)
Approaching full value at current levels
CIBC World Markets downgrades to a "sector performer" from "sector outperformer", lowers target to $19.50 from $20.50

Rogers Communications (RCI.B : TSX : $35.05)
Releasing Q4/06 results today
RBC Capital Markets maintains a "top pick", target of $41.00

sxr Uranium One (SXR : TSX : $14.10)
Granted a 10-year export permit license for Honeymoon
Raymond James maintains a "strong buy", target of $16.75

Teck Cominco Ltd. (TCK.B : TSX : $78.79)
Canaccord Adams raises their nickel price forecasts
Canaccord Adams maintains a "buy", raises target to $93.00 from $90.00

West Fraser Timber Co. (WFT : TSX : $43.68)
Management's long-term real estate sales targets appear conservative
TD Newcrest maintains a "hold", raises target to $15.00 from $13.00

Torstar Corp. (TS.B : TSX : $19.40)
Q4 appears to be a weak quarter with advertising volumes down
Credit Suisse maintains a "neutral", target of $21.50

WestJet Airlines (WJA : TSX : $14.70)
Reported in-line load factor for December of 78%, completing a record year
CIBC World Markets maintains a "sector outperformer", target of $17.50
TD Newcrest maintains a "buy", raises target to $17.50 from $15.00

Weekly Update January 7, 2007

--------------------------------------------------------------------------------

As Goes January, So Goes the Year. An old Wall Street saying that's more than just superstition. Since 1970, whenever the S&P 500 advanced in January, the market posted a further increase in the remaining 11 months of the year 86% of the time, gaining an average of nearly 12%. Whenever the market fell in the first month of the year, the S&P 500 subsequently declined an average of 1%.

While the full month of January is the typical benchmark, its this first week of January that is often equally important. After holidays and tax loss season, its a good barometer of investor optimism or pessimism for the new year. This week we had the following:

Nasdaq, S&P 500 and the Dow fell less than 1%
S&P/TSX composite index fell 3.3% (driven off weakness in the resource sector)
TSX Venture Exchange lost almost 6%

Direction of U.S. large and midcaps is tough to determine based on this first week. But in resource heavy Canada, it was obvious what the mood was. With natural gas about to test a bottom, oil on the verge of breaking below $55/bbl, copper hitting nine month lows, and other commodities struggling for direction, investors have reason to be cautious.

Its not exactly how we want to start out January and things could easily turn in a couple weeks, but its worth being cautious right now. Throughout the year we always see rallies in various sectors no matter what the broader market looks like, but I would have realistic expectations for 2007. There are several ways to make money in microcaps by chasing the money flow in specific sectors, but at times you also need to focus on capital preservation. Until we see what happens over the next couple weeks, I would be reluctant to take excessive risks or buy stocks already trading off December highs. If we see weakness in resources, hopefully we'll see a nice bounce this year in techs. Still too early to tell but this first week is definitely worth noting.


Candax Energy (CAX/TSX $0.58)
www.candax.com

Sept 30th Net Cash $37 million
Petroleum Properties $55 million
Plant & Equipment $14 million

Asset Value per share: $0.62

Shares outstanding: 169 million
Options Outstanding: 11 million at $0.80
April 18, 2006 35 million warrants were exercised at $1.20

This is a high risk, high impact oil/gas exploration company focused on Africa. Several weeks ago on ROBTv it was featured by a large fund manager as one of his best smallcap picks for 2007. I can't remember the name of the fellow other than he had an impressive track record and this was his only junior pick. The stock subsequently ran to $0.75 from $0.60 on millions of shares of buying that week. It has since fallen back to that original level.

Candax was formed through the combination of a highly experienced executive management team with successful Canadian founders and financiers, to develop an international upstream oil and gas project portfolio. Candax is initially focusing its growth activities on production and development projects in the Middle East and North Africa, where the group has strong relationships. The company believes that current opportunities exist in the Middle East and North Africa. Candax is currently reviewing prospective projects in several countries in the Middle East and North Africa, including Egypt and Oman.

Plenty of liquidity right now at $0.60 with strong support near $0.57 This is high risk, high impact exploration so it could be subject to abnormal volatility in Q1.



Miscor Group (MCGL/OTCBB $0.20)
www.miscor.com

Tightly held but good diversification for the price when it trades near $0.20 The company provides industrial services in niche markets - Motors, Magnets, Engineering Services, and Power Systems. Q3 revenues up 25%, YTD revenue up 32%, ranked as one of the fastest growing companies by Inc. magazine, growing list of blue-chip clients.

They have three principal subsidiaries;

Magnetech Industrial Services - provides maintenance and repair services to industry for electric motors, lifting magnets and power distribution systems.

Martell Electric, LLC, provides a wide range of electrical contracting services for industrial, commercial and institutional customers.

HK Engine Components, LLC manufactures, repairs and engineers power assemblies for large diesel engines for the rail, utilities, maritime and offshore drilling industries.

These industries are getting older and companies turn to preventative, predictive and remanufactured goods as a valuable cost saving tool.

On November 13, MCGL announced its financial results for the third quarter ended October 1, 2006. The company reported revenue for the quarter of $15.5 million, a 25% increase over the $12.4 million recorded in the same prior-year period.

The company posted a net (loss) for the quarter of ($1.2 million), or $(0.01) per share, compared to a net (loss) of ($5 million), or $(0.05) per share, in the same quarter last year.

For the nine months ended October 1, 2006, MCGL reported revenue of $43.2 million, a 32.92% increase over the $32.5 million recorded in the same prior-year period. Operating income grew to $1.2 million as compared to an operating (loss) of ($16,000) for the same period in fiscal 2005.

MCGL was recently ranked #3 on the Inner City 100's list of fastest-growing inner city companies in America with a five-year growth rate of 3,413%.


Blog Link


The Microcap Blog is updated Monday to Thursday evening with a summary of noteable microcap news for the day. Also send me your stock tips, rumours, etc. and I will post them for others to read. Direct link is available from the home page of www.microcap.com or by clicking on the Link Above.



Danny Deadlock
Microcap.com

--------------------------------------------------------------------------------

email: microcap@telus.net
web: http://www.microcap.com

My Guess is $7.40

It may help JRCC. (posted them on the other board)

It may be prudent to wait till the US Congress gets on its alternative energy horse.
Before thinking that coal is making a comeback.

In Chart 2, check out the breakdown in crude oil. First, we saw the long-term trendline break late in the third quarter, coincidentally just before airlines broke out. Second, we've seen a head and shoulder top form on the crude oil chart with the neckline failing to hold support this week as crude oil saw its largest two day drop in more than two years.

A New Era Begins
Stem cells derived from amniotic fluid show great promise in the lab and may end the divisive ethical debate once and for all.


http://www.msnbc.msn.com/id/16513279/site/newsweek/

January 4th, 2007

BUNNING, OBAMA RE-INTRODUCE BLUEPRINT FOR ENERGY INDEPENDENCE
Will Form Senate Coal-to-Liquid Fuel Caucus

Washington, DC - U.S. Senators Jim Bunning (R-KY) and Barack Obama (D-IL) today introduced the “Coal-To-Liquid Fuel Promotion Act of 2007.” This bipartisan piece of legislation is based on the bill first introduced by Senators Bunning and Obama last spring and would help create the infrastructure needed for large-scale production of Coal-to-Liquids (CTL) fuel. It is a comprehensive bill that expands tax incentives, creates planning assistance, and develops Department of Defense support for the domestic CTL industry.

In the CTL process, coal is gasified, the gas is run through the Fischer-Tropsch process, and the resulting fuel is refined into products like jet and diesel fuels. The final product is cleaner than conventional fuels because most of the sulfur and nitrogen is removed during the Fischer-Tropsch process.

“This bi-partisan piece of legislation that I have re-introduced with Senator Obama today will lay out a plan for the 110th Congress on how we need to work together for energy independence. CTL technology offers America the chance to capitalize on an abundant domestic resource that is found in eastern and western Kentucky and across the country. To help spread the message of how important the CTL process is for energy independence Senator Obama and I will form the Senate Coal-to-Liquid Fuel Caucus to help lead this fight. With a strong investment in CTL, America will wean itself off of foreign sources of energy, and at the same time create jobs for working families back home. CTL is a viable, environmentally friendly energy resource that will help cure America’s addiction to oil.”

Obama said, “The people I meet in town hall meetings back home would rather fill their cars with fuel made from coal reserves in Southern Illinois than with fuel made from crude reserves in Saudi Arabia. We already have the technology to do this in a way that's both clean and efficient. What we've been lacking is the political will. This common sense, bipartisan legislation will greatly increase investment in coal-to-liquid fuel technology, which will create jobs and lessen our dependence on foreign oil. Illinois Basin Coal has more untapped energy potential than the oil reserves of Saudi Arabia and Kuwait combined. Instead of enriching the Saudis, we can use these reserves to bring a renaissance for Illinois coal.”

The Coal-to-Liquid Fuel Promotion Act of 2007 is a three-part, comprehensive effort to create a vibrant domestic CTL fuel market. First, this bill enables the Department of Energy to provide loan guarantees for construction and direct loans for the planning and permitting of CTL plants. Loan guarantees will encourage private investment and planning loans will help companies prepare a plant for construction. Second, this legislation will expand investment tax credits and expensing provisions to include coal-to-liquids plants, extend the Fuel Excise Tax credit, and expand the credit for equipment used to capture and sequester carbon emissions. These tax incentives build on the loans and loan guarantees by offering tax breaks during the multiple-year construction phase and during initial production at the plant. Third, this bill provides the Department of Defense the funding and authorization to purchase, test, and integrate these fuels into the Strategic Petroleum Reserve and military fuel supplies.

Terminator VII...



"Call of The Tackler"

Undervalued Stock #1 ========== ----------- Curtiss-Wright Corp. (NYSE: CW) ----------- Insider Name: William B. MitchellInsider Position: DirectorInsider Action: 2,624 shrs on 1/1/2007Insider Total Holding: 25,052 shrs -------------------------------------------------------Undervaluation Merits... P/E Ratio = 21.0 (Industry Average 23.5)P/S Ratio = 1.35 (Industry Average 1.72)P/B Ratio = 2.31 (Industry Average 4.43)P/CF Ratio = 12.80 (Industry Average 15.90) Industry: Aerospace and Defense -------------------------------------------------------Other Merits... Dividend Yield = 0.60% ----------- Curtiss-Wright Corp. (NYSE: CW)

Companies featured in the current edition of the newsletter: ADSX, ARGA, FSN, HYTM, IRBO, ISON, GSHF, LANW, MBND, MLTC, POIG, PTCH, RTK, SCLL, USAT, VOII

Despite the holiday-shortened week, and limited corporate news, there was certainly plenty of volatility to begin the year. Although stocks gapped higher on Wednesday suggesting a promising start to the year, by the end of the week all but the Nasdaq had relinquished their gains. The Dow ended the week down 65 points, the S&P 500 lost 8 points, while the Russell 2000 dropped nearly 12 points. The Nasdaq bucked the trend, despite a slew of analyst downgrades of technology stocks and a disappointing earnings pre-announcement from Motorola, rising 19 points.

While a nearly $5 per barrel drop in crude oil prices helped the markets last week and should relieve inflationary pressures, concerns about comments from Fed officials in the December 12th FOMC minutes which were released last week stoked fears that a reduction in interest rates was further off than many had anticipated. The minutes noted that the "predominant concern" of members was that inflation would fail to moderate as desired. Friday’s December nonfarm payrolls, which rose a larger than expected 167,000 further raised concerns about the pace of interest rate reductions. Fed officials will likely focus on the fact that hourly earnings were up 0.5%. The Fed has noted rising wage costs as a potential inflationary factor. There was however some bullish economic news released last week with the jump back above the key 50 level in the December ISM manufacturing index.

What should investors look for in the upcoming week? Earnings reports are still on the slower side, but investors can expect to see some early week activity. Tuesday announcements include reports from Energy Transfer (NYSE: ETP), Supervalu (NYSE: SVU), Shaw Group (NYSE: SGR) and Great A&P Tea (NYSE: GAP) before the bell. Synnex (NYSE: SNX) and Alcoa (NYSE: AA) will announce earnings numbers after the bell on Tuesday. Genentech (NYSE: DNA) reports results Wednesday after the market closes.

The economic news for next week includes November Consumer Credit on Monday. The November Trade Balance will we be announced before the bell on Wednesday followed by mid-morning announcements for November Wholesale Inventories and Weekly Crude Inventories. The Initial Weekly Unemployment Claims will be announced before the bell on Thursday and the December Treasury Budget will be announced later that afternoon. Friday is the busiest day for economic news beginning with announcements for December Import and Export Prices and Retail Sales before the market opens. The final announcement for the week will be November Business Inventories mid-morning Friday. Investors will likely be interested in New York Fed President Geithner’s Tuesday speech on the global economy as well as Fed Governor Bies speech on Risk Management in Washington DC.

The conference schedule for next week will be quite active highlighted by the Consumer Electronics Show in Las Vegas and Apple’s MacWorld, where Steve Jobs will deliver a key address on Tuesday in San Francisco. Monday, the two-day Bear Stearns & Co. Inc. Central American and Caribbean Credit Conference in Miami begins, along with Citigroup four-day 17th Annual Entertainment, Media and Telecommunications Conference in Las Vegas, the four-day JPMorgan 25th Annual Healthcare Conference in San Francisco and the two-day Credit Suisse Group Building Products Conference in New York. Other Tuesday conferences include the two-day Cowen and Company 5th Annual Consumer Conference, the four-day Needham & Company 9th Annual Growth Conference in New York and the Raymond James 6th Annual Government Services & Technology Summit in Washington DC. The three-day Citigroup 2007 Auto Analysts of New York Conference in Dearborn begins on Wednesday. Fusion Telecommunications International, Inc. (AMEX: FSN) will showcase its Efonica VoIP products and services at this year's Consumer Electronics Show (CES) in Las Vegas from January 8th through January 12th. Rentech (AMEX: RTK) presents on Tuesday at Pritchard Capital’s Energize 2007 conference in San Francisco. Petrol Oil and Gas, Inc. (OTCBB: POIG) will present the following day.

Hythiam, Inc. (NASDAQ: HYTM), a healthcare services management company that licenses the PROMETA™ physiological protocols designed to treat substance dependence, announced that the European Patent Office has notified the company that it intends to grant a patent under Rule 51(4) EPC for Hythiam's European Patent Application No. 02 711 879 3. This specific application contains claims for the use of a composition of matter for the treatment of cocaine dependence. Hythiam also previously received a notice of allowance for its treatment of cocaine dependence patent application in the U.S., as well as issuance of patents for treatment of alcoholism and cocaine dependence in Singapore and New Zealand. The company also received issuance of its cocaine dependence treatment patent application in Australia. Also last week, William Blair & Co. initiated coverage of the stock with an “Outperform” rating (its equivalent of a “Buy”). The analyst said in his report that "In our view, Hythiam has myriad channels from which it can meet the growing demand for effective substance abuse treatment, including: licensing PROMETA to third-party providers, operating company-owned PROMETA treatment centers, offering services to state drug courts and judicial systems, and contracting to provide PROMETA to third-party payors (Medicaid, managed care organizations, etc.). As a result, we expect the company to experience rapid top-line growth over the coming years while maintaining a balanced mix of revenue sources." The analyst estimated that the company would generate revenue of $3.9 million in 2006, $14.7 million in 2007, and $40.3 million in 2008. The stock ended the week down $0.14 at $9.10.

Volume Alert: Shares of Multiband Corporation (NASDAQ: MBND), a leading provider of video, data, and voice systems and services to multiple dwelling units, soared 18% on Friday on nearly 15 times average volume after a trade was completed pre-market for more than 2 million shares, suggesting that the company’s largest shareholder had finally completed the sale of its position. Rumors had been swirling for nearly six months that this West-Coast based hedge fund had wanted out (the fund also held preferred shares which likely have been sold as well), creating a significant overhang in the stock which contributed to a 52% decline in the stock’s price last year. Friday’s surge also broke a strong downtrend in the stock, with the stock closing above its 50-day moving average for the first time since a brief close above the average in September. Shares ended the week up $0.14 at $0.71.

Last week, two US Senators reintroduced bi-partisan legislation that would help to create the infrastructure required for major production of Coal-to-Liquids (CTL) fuel. The legislation could bolster the prospects for Rentech Inc. (AMEX: RTK), a developer of CTL projects. Recently, the company announced plans to evaluate sites in the Midwest and Montana for CTL projects. The plants could range in size from producing 10,000 to 30,000 barrels of fuel per day and use approximately 3 million to 9 million tons of coal annually. The Coal-to-Liquid Fuel Promotion Act of 2007 is structured in three parts in an effort to create a domestic fuel market for CTL. What the bill does is enable the Department of Energy to provide loan guarantees for construction and direct loans for the planning and permitting of CTL plants. These loan guarantees are structured to encourage private investment which will help companies prepare a plant for construction. The legislation will also expand investment tax credits and expensing provisions to include coal-to-liquids plants, extend the Fuel Excise Tax credit, and expand the credit for equipment used to capture and seize carbon emissions. These tax incentives build on the loans and loan guarantees by offering tax breaks during the multiple-year construction phase and during initial production at the plant. Since these projects require substantial funding, RTK could benefit from incremental government funding. Perhaps sensing the growing momentum behind CTL, brokerage firm Natexis Bleichroeder initiated coverage of the stock last week with a “Buy” rating and $6 price target. The firm noted that “the company is farthest along toward the development of a commercial plant and that the stock offers considerable upside potential should CTL be successful – this may be driven initially by the U.S. military’s plans to wean itself from foreign fuel.” The stock ended the week down $0.11 at $3.66

Digital Angel Corporation, a majority-owned subsidiary of Applied Digital (NASDAQ: ADSX), a leading provider of identification and security technology, said last week that the company was awarded a multi-year contract worth up to $10 million with the U.S. Army Corps of Engineers for Passive Integrated Transponder technology (PIT). PIT is used in combination with a Radio Frequency Identification antenna to monitor fish movement and stream and dam passage. For more than two decades, The Army Corps of Engineers will use this technology to monitor everything from fish populations and migration patterns to water levels and the flow of various dam passages and streams. Digital Angel's RFID antenna is capable of electronically detecting tagged fish in a fraction of a second. As tagged fish pass through the monitored areas, transponders automatically activate and send the Army Corps a unique identification number. Also, ADSX’s VeriChip Corp. subsidiary, announced that as of end of 2006, VeriChip now had a total of 1,209 physicians and 392 medical facilities enrolled in the VeriMed Patient Identification Network. During the six-month period from July to December 2006, the number of participating physicians increased from 275 to 1,209, representing a 340% gain. During the same time period, VeriChip recorded a 256 percent increase in the number of medical facilities that have enrolled in the VeriMed Network. This figure is up from 110 facilities in July and includes a gain of 94 hospitals as a result of VeriChip's work with the National Stroke Association. These totals exceed previously stated year-end goals of 200 hospitals and 1000 physicians. The stock ended the week up $0.05 at $1.86.

Isonics Corporation (NASDAQ: ISON), a developer of innovative solutions for the homeland security and semiconductor markets, announced last week the expiration, effective December 29, 2006, of the Class B and Class C warrants, which allowed holders to exercise warrants to purchase up to 3.4 million shares of Isonic’s common stock. The company said that it believes that the expiration of these warrants will reduce potential dilution for shareholders and simplify capital structure. In addition, this expiration may create the possibility to remove an overhang which has adversely impacted the price of Isonics stock. The company also announced last week that its 30%-owned subsidiary, the Institute fur Umwelttechnologien GmbH, is jointly developing a personnel inspection portal with IMS-based explosive detection technology with an Italian company. IUT has reported that a prototype portal has completed initial testing at a public location in Italy and is planned for installation at an Italian airport in January for further demonstration. Isonics will sell Isonics-manufactured ion mobility spectrometry trace detection units for incorporation into the portal. Isonics noted that this is another example of its strategy to include its explosive "sniffer" in third-party manufactured products to provide a layered security solution. The stock ended the week at $0.68, up $0.11.

Sometimes information contained in blogs can give investors an edge. Last week, several reliable blogs, including those from Google employees, reported that Google had deployed Click-to-Call technology provided by VoIP, Inc. (OTCBB: VOII), a leading provider of Voice over Internet Protocol (VoIP) communications solutions for service providers, resellers and consumers, in China. The technology allows customers to instantly contact advertisers via telephone. VOII previously said that its technology was being utilized in India and via Google Maps. Shares ended the week down $0.02 at $0.29.

Melt, Inc. (OTCBB: MLTC), owner, operator and franchisor of quick service restaurants operating under the name "Melt Gelato & Crepe Cafe," announced that through its corporate and franchise owned restaurants, the company served more than one million customers during 2006. Melt now has sixteen stores operating in four states and since its first store opening approximately three years ago, more than 1,750,000 customers have been served. The company is positioned to build on the current trend with an ambitious 2007 schedule for rolling out new stores. Shares ended the week down a penny at $0.80.

USA Technologies, Inc. (OTCBB: USAT), a developer of cashless vending and energy management products, announced last week that it has redeemed Convertible Senior Notes having a face value of approximately $4.3 prior to their maturity. The redemption of the notes that were convertible into shares of USAT’s common stock carried interest rates of 10% and 12% and were scheduled to mature on June 30, 2007, December 30, 2007 and December 31, 2008. The company expects that the early redemption of the notes will save it approximately $500,000 in interest expense in 2007. The company prepaid the notes from cash on hand in addition to the proceeds of the recently completed $8.4 million private placement. After repayment of the notes, the company reported that as of December 31, 2006, it had approximately $8.4 million usable cash and roughly $20 million in shareholder equity. This represents the strongest balance sheet in its history. The stock ended the week down $0.30 at $6.95.

GS Agrifuels, a majority owned subsidiary of environmental business development company GreenShift Corporation (OTCBB: GSHF), announced that the company has acquired a 14.3% stake in the Missoula, Montana based Sustainable Systems, Inc. Sustainable Systems is an agricultural company focused on high-value culinary oil, biobased fuels, and bioproducts. Sustainable has initiated an expansion of its oilseed crush facility in Culbertson, Montana. The Montola facility is expected to double its current oilseed processing capacity to 600 tons per day after the expansion. In addition to GS Agrifuels’ in Sustainable, the company received a purchase order from Sustainable for a ten million gallon per year biodiesel system through its wholly-owned subsidiary, NextGen Fuel Inc. Production of the NextGen biodiesel system is expected to begin later this year for co-location at Sustainable's Culbertson, Montana oilseed crush plant and is expected operate using various vegetable oilseed crops that grow in the region of the existing crush plant. GS Agrifuels’ President, Tom Scozzafava, will be placed on Sustainable’s board of directors as part of the transaction. Shares ended the week up $0.02 at $0.11.

Biotechnology company ImmuneRegen BioSciences, Inc., a wholly owned subsidiary of IR BioSciences Holdings, Inc. (OTCBB: IRBO), announced that the company has commenced the first study of its novel drug Viprovex™. This study will explore the adjuvant capabilities of Viroprex in the area of Pandemic Influenza Vaccine. The study is being conducted in combination with privately-held vaccine developer GenPhar, Inc., of Charleston, South Carolina. GenPhar began its biodefense program in 2000 as one of the first in the industry and now works closely with the Department of Defense. GenPhar has vaccines for lethal viruses such as Ebola, Marburg, dengue and influenza, as well as several approaching the final development and testing stages prior to approval. The company also announced that it has appointed Hal Siegel, Ph.D. as Senior Director of Product Development & Regulatory Affairs. Dr. Siegel will help direct the development of ImmuneRegen's proprietary compound, Homspera™. Shares ended the week up $0.02 at $0.17.

Language Access Network (OTC: LANW), a leader in video language interpretation services, announced that the company is now providing live video interpretation services at Olympia Medical Center, Los Angeles, California. The Martti™ service is now available free to patients 24 hours a day, 365 days a year in 150 languages including American Sign Language. Shares ended the week unchanged at $3.30.

On the Wires: Specialty pharmaceutical company Auriga Laboratories, Inc. (OTCBB: ARGA), announced that the company had appointed Richard K. Sampson as National Sales Director. Mr. Sampson has extensive sales experience and will be responsible for managing the company's growing pharmaceutical sales organization. Junior oil and gas producer Petrol Oil and Gas, Inc. (OTCBB: POIG), announced last week the appointment of Terry Buchanan as Vice President of Exploration, Geoscience and Reservoir. Mr. Buchanan has extensive knowledge on oil sands projects in addition to several decades of experience in all phases of oil and gas exploration and development. Junior energy company Patch International (OTCBB: PTCH) announced last week the appointment of Mr. Jason Dagenais as Vice President of Operations. Mr. Dagenais will be based in Calgary, Alberta and assumes leadership of Patch's Alberta oil sands operations.

SPECIAL SITUATIONS:

Stem Cell Innovations (OTCBB: SCLL) $0.14

With reports out last week that House Democrats will focus on reintroducing legislation early this year that would lift certain restrictions on the federal funding of embryonic stem cell research put in place by the Bush administration earlier this decade, we thought it was the right time to initiate coverage of Stem Cell Innovations. SCLL’s proprietary, human pluripotent stem cells, known as PluriCells, have the potential to aid in drug discovery, toxicology, and cell therapy. However, unlike other developers of stem cell technology, the company’s patented pluripotent cell lines are eligible for federal funding in the U.S. The company is also in the process of making its technology widely available to universities and other not-for-profit institutions to rapidly advance stem cell research.

What are stem cells? Cells that have the unique ability to differentiate themselves into specialized cell types and renew themselves through cell division. The quality to differentiate into potentially all cell types set these cells apart from all others and offers a wide variety of benefits to the medical field. But from one end of the spectrum to the other, debates over the use and collection of stem cells still remains controversial. Perhaps the central factor in this debate is the fashion in which some stem cells are harvested and where the cells are harvested from. The cells, which were first identified in embryos, are different in adults. The ability to use adult stem cells presents an alternative to embryonic stem cell utilization and the potential destruction of human embryos.

Stem Cell Innovations, Inc. is the product of the merger of Amphioxus Cell Technologies and Interferon Sciences. Amphioxus was founded in 1995 with the idea of drug discovery and toxicology testing as its focus. Through the acquisition of the intellectual property in the development and use of human embryonic stem cells and assets of Plurion, Inc., a privately-held company, Amphioxus was quickly able to expand its expertise into the realm of stem cell biology, research and technology. Headquartered in Houston, Texas and with European-based offices, Stem Cell Innovations, Inc. is using its expertise and strong proprietary position in the cell biology field to continue research and development and to focus on several large and distinct markets with the company’s revolutionary products.

The company has produced multiple lines of human pluripotent stem cells. These PluriCell lines can be cultured without the use of feeder layers and can be effectively differentiated into multiple cell-types with the potential to aid in drug discovery and development. PluriCells™ are a type of pluripotent stem cell isolated from fetal tissue. These cells have the ability to become all cell types of the body and are developed from fetal germ cells, not viable embryos. Because of this, they are eligible to be used in any NIH funded laboratory, as stem cells derived from fetal germ cells were explicitly excluded from the Presidential ban by the Department of Health and Human Services guidance document of March 19, 2002. This document laid the foundation for what type of stem cells could and could not be used in federally funded research.

Currently, the company is using human embryonic germ cell lines to strengthen its proprietary drug development services platform. These cells, derived from the germinal ridge, have the potential to be differentiated into any cell type in the body. SCLL is developing cell lines that represent the various tissues, such as heart, lung and kidney, under the names ACTIVTox and PREDICTIVTox. As these cells become available, they will be immediately incorporated into the existing assays and screened against the same set of compounds. This will position ACTIVTox and PREDICTIVTox as an unmatched resource for the pharmaceutical, chemical and nutraceutical industries.

One of the unique characteristics of SCLL is its proprietary toxicity testing platform to assist pharmaceutical and biotechnology companies in streamlining their development pipeline by selecting the right molecules early in the process for further development. Its unique, highly predictable toxicology technology will help to prioritize compounds already at the discovery stage, saving companies valuable time, money and resources. Last month, the company announced a two-year discovery alliance with the ALS Association. Under the terms of the alliance, Stem Cell Innovations will develop human motor neuron models based on the company’s proprietary PluriCell™ technology. This can be used for high-throughput screening. Later, the cell models will be used by alliance partner Galapagos to discover novel drug targets for ALS. Under the terms of the agreement, the company has the option to further develop certain cell-therapy applications based on results identified in the program.

In addition to the ALS Association, such heavyweights as Massachusetts Eye and Ear Infirmary, an international leader in Ophthalmology and Otolaryngology research and a teaching partner of Harvard Medical School, has agreed to PluriCells™ for their capacity to form the human tissues implicated in hearing loss.
The University of Twente (the Netherlands) has collaborated with the company to explore the bone forming properties of PluriCells™. SCLL also signed an agreement to supply PluriCells™ to researchers at Stanford University, one of the leading areas for stem cell research.

The company’s Board of Directors is extraordinary for a small company. It includes Tony Coelho, who was elected to the U.S. House of Representatives in 1978. He served as Majority Whip from 1987 to 1989. While in the House, Mr. Coelho, who has epilepsy, authored the Americans with Disabilities Act, widely recognized as the most important piece of civil rights legislation in the last 30 years. He is currently the Chair of the Epilepsy Foundation of America and serves on numerous Presidential and other national committees related to disabilities; John Macomber, who while at Celanese Corporation, spun-off Celgene Corporation, which today is one of the world's largest and most successful biotechnology companies, with a market capitalization in excess of $13 billion. Macomber is a director on the boards of Lehman Brothers Holdings Inc., Rand McNally & Company, Mettler-Toledo International, Mirror World Technologies, Sovereign Chemical Company, and Textron, Inc. and Lucio A. Noto, who was the Chairman and CEO of Mobil Corp. until its merger with Exxon in 1999, when he became Vice Chairman of Exxon Mobil Corporation. He is currently a director on the Boards of IBM and Altria Group, Inc., among others.

The stock has been volatile, reaching a 52-week high of $0.83 in late March. Today, it trades closer to its 52-week low of $0.08, although that could change as increased interest in stem cells as a result of the Democrats securing control of Congress has already lifted many stem cell stocks. Since the beginning of the year, shares of Stem Cells have rallied 25%, while Aastrom Biosciences has jumped 17%.While the debate over the use of stem cells will continue, for investors seeking an undiscovered way to participate in growing interest in this area, Stem Cell Innovations represents an undiscovered way to invest in the sector.

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Well with the way 2007 started for me,,,

My luck should only get better.

Did we win the freeakin' Lottery???

I only got a few free plays.