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I'm not sure XDSL is on the bottom. The company owes more than the entire company is worth and is in terrible current condition. XDSL continues to lose money with losses of over 7 1/2 million last quarter and over 19 million in the past 9 months.
PRESS RELEASE
1 June 2007 - The ECB’s gold sales
Over the past two months, the European Central Bank (ECB) has conducted gold sales amounting to 37 tons of gold.
Today gold closed down $8.80 at $660.00 and silver closed down .28 at $13.39.
Steve, the ridiculous thing about it is the amount of the trades.
The 1st trade was for 100,000 at .005 for a $500.00 trade and then the second trade was for 1,500 shares at .02 for a $30.00 trade.
I have known about Zig Ziegler for years and I do not trust him.
Yup. I don't have it and don't want it. I believe that some of the posters on here have this stock and should probably dump it as soon as possible.
Unico, Inc. Announces Initiation of Process to Complete Purchase of the Deer Trail Mine
32 Patented Mining Claims and 171 Unpatented Mining Claims Are Subject to the Purchase Agreement
SAN DIEGO, CA, Jun 06, 2007 (MARKET WIRE via COMTEX) -- Unico, Incorporated (OTCBB: UCOI), a natural resource company in the precious metals mining sector, today announced that the process of transferring ownership of the Deer Trail Mine from Crown Mines, LLC has been initiated and the company expects to complete the purchase of the property once the necessary agreements have been executed.
Legal representatives from Unico, Inc. and Crown Mines, LLC are working to complete several necessary documents related to the purchase, including a purchase agreement, a bill of sale and a quitclaim deed to effect the transfer of ownership of the Deer Trail Mine property.
The mining lease and option to purchase between Unico, Inc. and Crown Mines, LLC, dated December 12, 2001, was adjusted through a first modification of mining lease and option to purchase, dated May 31, 2004, a second modification of mining lease and option to purchase, dated April 21, 2006, a third modification of mining lease and option to purchase, dated November 1, 2006, and a fourth modified lease and option to purchase agreement in April 2007, which provided for a due date of May 31, 2007 for Unico, Inc. to exercise its purchase option.
Under the agreement, Deer Trail Mining Company, LLC has the right to acquire the mining claims located in Marysvale, Utah, which consist of 32 patented mining claims and 171 unpatented mining claims, as well as mill sites, dumps and other transferable rights contained in the agreement.
The claims covered in the purchase agreement total approximately 3,275 acres, or 5.12 square miles, and include workings known as the Deer Trail Mine, the PTH Tunnel and the Carisa and Lucky Boy Mines. The PTH Tunnel penetrates more than 10,000 feet, with a developed network of tunnels, shafts, stopes, and raises at the 3,400-foot-area and at the 8,000-foot-area, and was mined by prior owners for gold and silver. The initial Deer Trail claims date back to 1870.
IGTG up another 43% today so far.
SCPT up 900% today.
Today gold closed down .90 at $668.80 and silver closed down .07 at $13.67.
Friday closing prices for gold and silver:
4-13-07---Gold $684.80...Silver $14.01
4-20-07---Gold $691.60...Silver $13.91
4-27-07---Gold $678.90...Silver $13.43
5-4-07----Gold $686.90...Silver $13.42
5-11-07---Gold $670.10...Silver $13.20
5-18-07---Gold $660.60...Silver $12.89
5-25-07---Gold $654.90...Silver $12.90
6-1-07----Gold $670.60...Silver $13.69
6-4-07--IGTG .03, currently .09.
Today gold closed down $1.10 at $669.70 and silver closed up .10 at $13.74.
Tsafi, you are so good. 30 minutes exactly.
I am also holding. lol! :)
Bank Of Spain Sells 28 Tons Of Gold In May From Reserves -2-
06-05-2007 04:42:00 AM
The Bank of Spain, along with 15 other European central banks, is a signatory to the European Central Bank Gold Sales Agreement, which entitles them to collectively sell 500 tons of gold a year.
The sales are closely watched by gold market participants and recent heavy sales have been capping upside momentum in gold prices since March.
Bank of Spain Web site: http://www.bde.es
Gold and silver prices have been driven back by the NY COMEX. When the NY market opened gold was $675.00 and silver $13.86. Gold is currently $670.10 and silver is $13.70.
South Africa Union to Strike, Hitting Platinum, Coal (Update1)
By Antony Sguazzin
June 5 (Bloomberg) -- South Africa's biggest labor union, the National Union of Mineworkers, said it plans to join a strike by state employees in an action that may close the world's biggest platinum and chrome mines.
The NUM, based in Johannesburg, has 280,000 members who also work at some of the world's largest gold and coal operations as well as in construction.
``We are mobilizing our members for a huge strike action,'' Frans Baleni, NUM's general secretary, said today in a statement. ``We believe the demands are noble.''
The union is currently talking to its lawyers in preparation for giving an official seven days' notice before starting the strike, Baleni said in an interview.
South Africa is the world's biggest producer of platinum, gold and chrome. It's also the biggest supplier of coal to European power stations.
To contact the reporter on this story: Antony Sguazzin in Johannesburg at asguazzin@bloomberg.net .
Today gold closed up .20 at $670.80 and silver closed down .05 at $13.64.
Investor, there were several PR's on that date and the stock was trading at over $9.00. The price immediately started to drop upon release of the PR's but close study of the information indicated that the moves would be good for Vista. I think that what bothered the investors most was the information that Vista would no longer be involved with the Nevada properties.
In my opinion Taseko will be there before two years.
Today gold closed up $10.00 at $670.60 and silver closed up .32 at $13.69. For the week gold is up $15.70 and silver is up .79. The gold to silver ratio is 48.98. The Canadian dollar is currently 94.18 or up .0157 for the week.
On the other hand it could be attributed to the $10.00 increase in the price of gold today. lol! At any rate it is time to hold or accumulate. I am not selling.
Sorry about the late response. I have been out in the yard. The assay results were quite good and that could be very easily part of the reason for the good day.
Today gold closed up $10.00 at $670.60 and silver closed up .32 at $13.69. For the week gold is up $15.70 and silver is up .79. The gold to silver ratio is 48.98. The Canadian dollar is currently 94.18 or up .0157 for the week.
For those of you that live in the US and hold Canadian stocks the gains have been two-fold. Not only are you gaining on the PM bull market you are also realizing a gain on the increase in the value of the Canadian dollar.
The following are Friday closing prices:
2-2-07--- .8441
3-2-07--- .8493
4-5-07--- .8691
5-4-07--- .9038
Currently--.9376
Grand, I cannot find any reason for Vista to go from $9.25 to the current $5.48 in three weeks. I look for a rebound next week. It may have started today.
In my dreams. :)
LONDON, June 1 (Reuters) - Gold extended gains on Friday to hit a two-week high after the European Central Bank said it had no plans to sell any more gold this year, but a rise in the dollar may cap gains, dealers said.
Speculative buying also helped boost prices, but investors were still wary after sharp price falls last week.
The ECB said it had sold 37 tonness of gold from its reserves over the past two months, but it also said it had no plans for further sales in the current year of the central bank gold agreement.
"The ECB news really gave the market a big lift, it will definitely make it easier for gold to test the upside," a London-based trader said.
European central banks pledged to cap their total sales at 2,500 tonnes in the 2004-2009 period, or 500 tonnes a year. The third year of the five-year agreement runs until Sept. 26
Grand, Vista is a solid company that is trading near it's 52 week low. The company has nearly 50 million in cash, solid balance sheet with very little debt and a low number of outstanding shares. The company continues to have a net loss each quarter but they are an exploration company and that is to be expected. The latest assay results on Mt. Todd were very good. One of the very best exploration companies around. Hard to believe.
DRDGOLD, South Africa's fourth largest gold producer, said it would consolidate its share in order to continue trading on Nasdaq.
"We could extend the deadline given to us by Nasdaq but a share consolidation eliminates the problem," said John Sayers in an interview with Miningmx.
In January, Nasdaq gave DRDGOLD about 180 days to get its share trading above $1/share, the minimum level required by the US exchange. Although the deadline could always be extended, DRDGOLD said at the time clarity on its future strategy would bring investors back into the share price.
However, the sale of key assets in its 79%-held Emperor Mines Ltd, listed in Australia, did not improve the share price which is still around 81 US cents/share at the time of writing. DRDGOLD was trading at $1.15/share in December.
"We're the seventh most heavily traded share on Nasdaq so demand is there. But we'll go this route," Sayers said. No shareholder support is required for the share consolidation in which shareholders' shares are replaced with a smaller amount of shares but with a higher par value.
Today gold closed up $7.20 at $660.60 and silver closed up .22 at $13.37. The CAD is now .9350.
LONDON (Reuters) - Europe's central banks are again likely to sell less gold this year than an agreed annual limit of 500 tonnes, despite a pick up in recent weeks, analysts say.
And there are mixed views on whether the banks would agree to another five-year pact after two such agreements, which began in 1999 to regulate bullion sales by the 15 signatories.
The pace has risen in the recent past due to higher sales by Spain's central bank, but total selling during the current year, which ends in September, is estimated between 380 and 420 tonnes, against 396 tonnes last year and 497 tonnes in 2004-05.
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The weekly average sales have more than doubled to about 12 tonnes in the last 10 weeks from nearly five tonnes in the first 24 weeks of the third year of the Central Banks Gold Agreement (CBGA), mainly due to 80 tonnes sales by Spain in March and April. Total sales by all banks now stand at around 250 tonnes.
The Austrian central bank said on Thursday it sold 14 tonnes of gold from its reserves in 2006.
"Overall, CBGA sales are most unlikely to be maintained at this recent rate. However, we could end the agreement year a bit above 400 tonnes, rather than at or below the level," Philip Klapwijk, chairman of metals consultancy GFMS Ltd, said.
Today gold closed up $1.80 at $656.70 and silver closed up .24 at $13.14.
Today gold closed up $2.40 at $654.90 and silver closed up .09 at $12.90. For the week gold is down $5.70 and silver is up .01.
Today gold closed down $9.50 at $652.50 and silver closed down .22 at $12.81.
OEGY is in a lot better shape than SPCK. The company has over 0ne-billion shares outstanding with about 92 million issued so that is not a current problem. The company is still losing millions and must cut costs or continue to issue shares to survive. I would watch the revenues and costs to see if there is any improvement in the next quarter. There are several organizations that are pumping this company which may account for the nice increase today.
Sheepdog, the company is having a good day so far but I wouldn't hold for the long term. The company owes 2.7 times what the entire company is worth and most if it is due in the current year. SPCK lost over $60,000 last quarter and the revenues were down.
The USXP balance sheet is strong but it is kept that way by issuing shares. Anyone holding this stock should be very concerned with the 21,950,000,000 authorized shares and the over 21 billion issued. The operating losses of over $8,000,000 last quarter will keep the issuance of shares going.