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StockP...
Would you add at these levels?
Art
Is that our CL? ;)
Art
China plans to fix rare earth prices –? report
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By: Reuters
8th July 2010
Updated 2 hours 29 minutes agoTEXT SIZE BEIJING – China's central government plans to publish monthly prices for rare earth metals to avoid producers engaging in "cut-throat competition", China Daily reported on Thursday.
China dominates production with 95% of global supply of the group of metals, a crucial ingredient in the motor magnets used in hard disk drives, CD ROMS and DVDs and electric cars.
The newspaper, citing industry sources, said the plan for a unified pricing mechanism covering Jiangxi, Fujian, Guangdong, Hunan and Guangxi provinces is expected to be implemented as early as this month.
The five areas will establish a unified transportation and sales system and are expected to consolidate production into 3-5 conglomerates in the long term.
"In the long run, steps will be taken to heighten the influence of domestic miners on the price of the minerals in the global market," China Daily quoted an unnamed source as saying.
China's Ministry of Commerce issued a second batch of 2010 export quotas for rare earths on Thursday, allowing 32 companies to export up to 7 976 t.
In the first five months of the year, China exported 18 786 t, three times as much as in the same period of 2009.
China has already put limits on rare earth production and stopped issuing new exploration licences until June 30, 2011. It also launched a crackdown on illegal rare earth mining last month to stamp out unauthorised supplies.
Its leading producer has also been given permission to set up a strategic reserve in the northern region of Inner Mongolia.
Edited by: Reuters
BobW-
Thanks...on the AAB.TO reply...
Art
BobW
Do you still like Aberdeen International AAB.TO? I bought a few of their holdings...Rodinia Lithium RM.V; Dacha Capital DAC.V; and SUE.TO Sullidan Gold..... will see, like their track record so far....but chart looks ugly in the current foul market mood.
Art
Long of.....very funny....Gartman is entertaining at least.
Art
RM.V/RDNAF; SUE.TO/SDDF; DAC.V/DCHAF;
Added Rodinia Minerals; Sulliden Gold; Dacha Capital (rare earth minerals) based upon Aberdeen's filing and increased investment this morning....saw in their annual report that they had a decent return on these investments to begin with and increased their investment in Q1. Figured I would rely on some professional analysis vs. my own... ;)
Art
http://www.sulliden.com/uploads/pdfs/presentations/100415_sulliden%20corporate%20presentation.pdf
http://www.rodiniaminerals.com/
DAC.V; DCHAF US:OTC
Dacha recently closed a $22 million equity financing with the proceeds to be utilized to acquire and export Rare Earth Elements from China to create a strategic stockpile outside of China.
About Dacha
Dacha is an investment company focused on the purchase, storage and trading of certain strategic metals. Its shares are listed on the TSX Venture Exchange under the symbol "DAC" and on the OTCQX exchange under the symbol "DCHAF
AAB.TO Aberdeen Intl Qtr on SEDAR...
Art
"During the quarter, the Company invested approximately $14,000,000 on portfolio acquisitions. Some of the investments included:
*Alderon Resources Corp., a leading iron ore exploration and development company in Canada.
*Rodinia Minerals Inc., a Canadian mineral exploration company with a primary focus on lithium exploration and development in North and South America.
*Verena Minerals Corporation, a Canadian-based mineral exploration company with a portfolio of properties including gold, diamonds and gemstones in Brazil.
*additional investments in Temujin Mining Corp., a private company with gold-copper exploration properties in Mongolia;
*additional investment in Dacha Capital Inc., a publicly traded company that invests in strategic minerals;
*additional investment in Sulliden Gold Corporation Ltd., a publicly traded exploration company with a silver-gold project in Peru; and,
*additional investments through the exercise of warrants, in Crowflight Minerals Inc., a publicly traded mining company with nickel mines operations in Manitoba; and nickel, copper projects in the Thompson Nickel Belt and Sudbury Basin.
During the three months ended April 30, 2010, the Company also disposed of investments receiving proceeds of $14,346,587 for a realized gain of $6,260,639. During the quarter, the Company sold its investments in companies such as Magma Metals Limited, B2Gold Corp, Consolidated Thompson, Pinetree Capital Ltd., and reduced its holdings in companies such as Allana Potash Corporation., Avion Gold Corporation., Crowflight Minerals Inc., and Crocodile Gold.
During the current quarter, the fair market value of the Company’s investment portfolio experienced a net unrealized loss of $1,832,301 leaving an aggregate unrealized gain of $13,981,217."
BLV.V/BLVKF
posted a profit in Q1...shocker....like most Jrs conserved cash in 2009 and looks poised to start another run....
Art
Blackstone Ventures Inc. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2010
BY Wall Street on Demand
— 08:37 AM ET 06/01/2010
Blackstone Ventures Inc. (BLVKF) announced unaudited consolidated earnings results for the first quarter ended March 31, 2010. For the quarter, the company’s net profit was CAD 31,364 compared to net loss of CAD 836,715 for the same period in 2009. Comprehensive loss was CAD 36,328 compared to CAD 594,377 for the same period in 2009. Cash used in operating activities was CAD 71,816 compared to CAD 346,292 for the same period in 2009. Loss before interest income and foreign exchange gain was CAD 250,124 against loss before interest income, loss on disposal of equipment and foreign exchange loss of CAD 250,124 a year ago
Golden...
What is your timeframe for the collapse of the $USD? Seems like there will be a struggle between moderate economic growth, improving fundamentals in the economy against federal deficits and rising interest rates... will be interesting but I dont see a burn situation.... already tax recpts are up in the U.S as the economy improves...trade data is improving which should support the demand of the $US etc...
Sorry to veer from Jrs.... but the currency impacts on our Jrs will be substantial...
Art
BP getting hammered today...
I dont understand these companies..why didn't they suspend the dividend weeks ago, announce massive payments to the states...etc...get it all out there in one announcement instead they are forced to do it over time, end up suspending the dividend anyway after getting bashed by politicians all along the way....
Art
I'm buying your picks.....in the AM... ;) just dont sell them out from under me.... lol
Art
Knowledge,
Thanks! Switched jobs so I have not posted in a while.... Please use your own favorite charity.... maybe a nature conservancy or something with the gulf in such bad shape.....
KERX was a high flyer I picked to compete against you and your % gains in these contests....I still hold it....although it is a high risk in this market.
I am mired in red ink with all the miners I own....someday...someday... ;)
keep up the good work...you are admired for your stock picking prowess and life philosophy of sharing the wealth.....
Art
Nickel and Zinc moving today.....time to add these Jrs....back to the recommended Jrs. list...
Art
Northern,
Nice call on the CHGY double down....
Art
WVU
I'll win my work pool if the Mountaineers beat Duke...
GO SHU.....I mean WVU! lol
Len,
You don't think the Eagles are going to the Sweet 16?
Art
My Picks:
16
Kansas
Maryland
Georgetown
Ohio St.
Syracuse
Vanderbilt
Pittsburgh
Kansas St.
Kentucky
Wisconsin
Marquette
West Virginia
Duke
Texas A&M
Notre Dame
Villanova
8
Kansas
Georgetown
Syracuse
Kansas St.
Kentucky
West Virginia
Duke
Villanova
4
Kansas
Syracuse
West Virginia
Duke
2
Kansas
West Virginia
1
Kansas
GLTA, Thanks - Art
I joined you... ;) what is your timeframe for the 2012 leaps?
Art
V.VER
$.035CAD Vecta Energy looking looking a little froggy from its long slumber...tiny Canadian NG driller...new website and additional production...set for more farmouts...earnings release and April filings due...
http://www.vectaenergy.com/
Art
BBOTCs,
No not yet...will look at the Transport index....there is an independent publicly traded railroad out of KC I may look at .....
interesting on GW....must have been horrendous for him retreating out of NY to PA that winter after evacuating NYC...with all the militia defections etc....I always thought the Christmas eve attack on Trenton was a cheap shot but he had no other choice...
I read a good book on the early history of Manhattan you might be interested in...for the plane ride home after your tea party convention....lol
http://www.amazon.com/Island-Center-World-Manhattan-Forgotten/dp/1400078679
Art
And why do they call it the Old Line State?
Koz, Marylanders held the line during the retreat of the Battle of Brooklyn in the Revolutionary War....saving the remnant of GWs Army....
not bad for a bunch of Papists....
Art
Railroads.
with BNI part of the Buffett empire...any good railroad stocks publicly traded??
Art
POWERBALL - KERX
Thanks.
Art
Nice work. Thank you.
Art
Thanks,
Agreed..can't underestimate the cost to restart the Scotia mine... may look elsewhere. Thanks for your input.
Art
BobW.
Zinc prices moving up...Acadian Mining looks like it is coming back from the dead...any thoughts on their new investors and reopening the Scotia Zinc mine...?
Art
What about "Plan to Trade on an American Exchange" ...lol
Art
BWR.TO; LBE.TO, SWN.V......
Some of the old favorites are perking up...
Art....
Anyone constructive on Zinc...
Chinese numerology....I thought you were more analytical? lol
Art
Dow: 11,679
Oil: 89
Gold: 1,304
Good luck to all in 2010!!
Art
Happy new year to you to Rogue....
Art
He always seems to "get small" just in time...makes me sick listening to these guys always seem to be right after the fact...
Art
she's as damaged as the Redskins.....
Art
Dickmilde...
thats just rude bringing up PSL standings......lol
Art
too scary here.....world coming to an end....gold higher etc...
new show on comedy central...worst of the internet...shows all these gun toting midwest chubby guys with an ax to grind...worst of the net and U-tube... very scary whats out there....
Art
Animated ads:
Is it me, or all of the animated brokerage ads portraying arrogant a-holes....as traders...?
Art
Nuts..
Thanks....let me know what your buying.... or if LBE ever gets its act together...
Art
BLV.V (Blackstone Ventures)
One of my hold and molds was up 50% today...nice day...
Art
Cl...
Anyone here like HBM after board coup accomplished....market action looks good and base metal prices will 'eventually' ;) rebound.... looking for $9/Share....
Art
http://www.reuters.com/article/marketsNews/idAFN2329987420090324?rpc=44