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TRCPA... "if ZEO raises the funds, the project will continue, and the contract remains in place." I think Haliburton would have to confirm that for it to be 100% true....which I doubt any investor could find out. You are too trusting, IMO....
lovethatgreen0...I don't have a clue if it is or isn't being naked shorted....Drillbit on RB says he has proof it is...all I'm saying (to Drillbit), why would anyone buy a stock if they have proof it is being naked shorted????????
IMO, naked shorts get burned badly if they fool with a good company and they only naked short companies that heavily dilute and/or always show losses, because the long term pps trend will be down. MM's or specialists can naked short for a short term, which is required sometimes to "make a market", that's why they are called "Market Makers"... If a company puts out a great news release, the MM's may have to sell you shares they don't have because there aren't enough sellers, they eventually have to buy shares in the days or weeks ahead when the stock settles down to cover their sells. They could theoretically lose money, but they have to keep your broker happy to get his (your) future business.
I don't know why ANYONE would invest in a company if they have proof it is being naked shorted!!! Would you buy a car that is known to break down every 10 miles????? Maybe Drillbit would!!! LOL!!!!
Did they use shares to pay for it and that's why they don't say so in the PR???? What a POS!! LOL!!!
Also some history of how AMEP has massively diluted the shareholders would also be meaningful DD, IMO....
greeneyedhawk, maybe you should take a few minutes and explain how the revenues cannot be hidden from the AMEP shareholders by paying big salaries to all the investee executives and not having to report the details in filings......or......how the revenues WILL be hidden... Why else would AMEP be a BDC??? You don't even know what percentage of the wells will be given away to private investors.
Sam, I guess I'm stupid, but what's the connection to FASC???
That's right Sam, it can't drop more than 100%....
mnfats...You better buy before they paint their two rigs.....
So how much did they pay for it????
FASC dumping today??? All expense paid trip coming up to WRAP...or....Bahamas?
Will there be a PR on the successful drilling of the rathole??? Are the rathole drilling companies really busy???
Goldcorp to Acquire Eleonore Gold Project from Virginia Gold
Monday December 5, 8:00 am ET
VANCOUVER, British Columbia--(BUSINESS WIRE)--Dec. 5, 2005--Goldcorp Inc. ("Goldcorp") (TSX:G - News; NYSE:GG - News) today announced that it has entered into an agreement with Virginia Gold Mines Inc. ("Virginia") (TSX:VIA - News) to acquire Virginia's Eleonore gold project pursuant to a plan of arrangement involving Virginia. The transaction will combine Goldcorp's operational and financial strength with Virginia's world class exploration asset, the Eleonore gold project in James Bay, Quebec.
"Eleonore is a unique and significant property located in the core of what Goldcorp believes is one of the most promising new gold districts in North America," said Ian Telfer, President and Chief Executive Officer of Goldcorp. "The incredible success that Virginia has had in the short time since discovery in late 2004, when combined with accessible infrastructure and a mining friendly regulatory environment, reinforce the quality of this asset. Of the 212 drill holes completed to date on the entire property, over 70% have reported assays greater than 10 grams of gold per tonne, and the principal Roberto deposit remains open in both strike and depth. Goldcorp plans to continue aggressive exploration and development on Eleonore, with resource and scoping studies to be initiated early in 2006."
"All of us at Virginia wanted to see Eleonore developed by a qualified and experienced mine development team and Goldcorp with their Canadian expertise is without any doubt one of the best in the industry," said Andre Gaumond, President of Virginia.
Based on the 10 day weighted average trading price for Goldcorp's common shares on the Toronto Stock Exchange of Cdn$24.70, the transaction values the Eleonore gold project at approximately US$420 million. Goldcorp will issue 19.6 million common shares pursuant to the transaction, representing approximately 5% of the 359.5 million common shares outstanding after giving effect to this transaction.
Completion of the transaction is subject to entering into definitive agreements, approval by Virginia shareholders and the receipt of regulatory approvals, including the approval of the Toronto Stock Exchange. Goldcorp expects that the transaction will close in the first quarter of 2006.
The Board of Directors of each company have unanimously approved the transaction. The Board of Directors of Virginia has received an opinion from Orion Securities Inc. that the transaction is fair, from a financial point of view, to Virginia shareholders. Officers and directors of Virginia have entered into lock-up and support arrangements with Goldcorp under which they have agreed to vote in favour of the transaction. Virginia has agreed to pay Goldcorp a break fee equal to 4% of Virginia's market capitalization, calculated on a fully-diluted basis, in the event that the transaction is not completed in certain circumstances.
Under the agreement, shareholders of Virginia will receive 0.4 of a Goldcorp common share and 0.5 of a share in a new public exploration company ("New Virginia") for each issued and outstanding Virginia share. Virginia will be acquired by Goldcorp and will retain the Eleonore project. New Virginia will hold all other assets of Virginia, including net working capital, cash to be received prior to closing from the exercise of Virginia options and warrants, its non-Eleonore exploration assets and a sliding scale 2% net smelter return royalty on the Eleonore project.
In addition, the holders of Virginia warrants will receive warrants of Goldcorp and New Virginia, based on applicable exchange ratios, in exchange for such Virginia warrants, and all stock options or other rights to subscribe for unissued securities of Virginia will either be exercised or terminated.
In connection with this transaction, Goldcorp also has the right to subscribe for up to 5% of New Virginia's common shares with warrants to enable Goldcorp to acquire up to an additional 2%. Pricing of the shares and the warrants will be determined in the context of the market.
Goldcorp is the world's lowest cost and fastest growing million ounce gold producer. Gold production in 2006 is expected to exceed 1.4 million ounces at a cash cost of less than US$100 per ounce. Goldcorp has approximately US$400 million in cash and equivalents, no debt and no hedging.
(left off boilerplate CYA part)
TRCPA, I read the Dukes posts at RB on FASC, BIPH, and ALMI. I think he usually hits the nail on the head regarding OTC stocks in an entertaining way. I am not "Duke" if that's what you are implying.....he's much better at humor than I.
OT: WildPiggy....here's the link...
http://www.investorshub.com/boards/board.asp?board_id=3915
TRCPA...after reading the RB board, I've got a nickname for you....
"TIMEX" -
IT TAKES A LICKIN' AND KEEPS ON TICKIN'!!!!!
LOLOLOL!!!!
That's because The Hermit board has serious investors where we can make some recs and get both negative and positive comments on a stock without fighting because we're not "in love" with the companies. Usually the best boards are those that aren't dedicated to a single stock, IMO.
I've followed the pump/dump/dilution on AMEP for a couple of years, just interesting to see who shows up for each pump and how many shares the company can dump each time....the oil rig is the best one so far.....
Does this Myotech deal screw up the Amex listing or is the listing just a pipedream anyway??? Won't the $2.225 million leave BIPH a little cash poor????
OT: Anyone live near Guelph, ON, Canada??? Home Depot supposedly opened a new store there on November 29, 2005, but I'd like to see some pictures to be sure!!!
BAAAAAHAHAHAHAHAHAHAHAHAHAHAHA!!!!!!!!!!!!
CMGI...picked up some shares in the $1.60's, 10 day ema cross over the 50 day ema,...earnings Monday after the close.
TGE...another one to watch...$6.30...OS 14.5 million, company has been buying more seismic equipment, has some debt, but increased revs should handle it OK. Do oil and gas surveys and are VERY busy..... Stock got hurt by public offering, but money was for more equipment....
http://biz.yahoo.com/prnews/051013/dath014.html?.v=30
Santa Claus rally....Charts...
SUMT...$4.58...possible turnaround play. Stock hasn't done much since their merger, but seems to be getting some attention now. No debt, $33 million cash, revenue growth, earnings will follow, IMO. Insider buy, daily volume moving up....coming off a double bottom?????
http://finance.yahoo.com/q/ks?s=SUMT
Pretty low authorized on UNB.V.....looks to me they intend to run the company on revenues instead of shares!!! What a nice idea!!!
You had to look at another company to try to figure out what AMEP is going to do??? Maybe AMEP could squeeze an explanation into their filing which already has as many pages as a MSFT filing just talking about where all the dilution shares are going!!! LOL!!!!
Doubloon, I called Mickey yesterday and left a message. He hasn't had a chance to call back yet....hopefully busy on the filing!!!!!
Hey Doubloon....1.06 is the $ change!!! $2.50 X 2.65 is the bid/ask!!!!!!
miningguy2004...what are you upset about??? That was just an example using pure, dry carbon!! I was trying to discuss what "efficiency" they were referring to.....geeesh!!!! When I said to TRCPA that someone was FOS....it turned out to be me!! I didn't understand what they meant by "efficiency"...that's all. Have a good day and take some blood pressure meds....
jonesieatl....go take another nap....maybe we'll hit $10!!!
LOLOLOL!!!!
TDYH!!! Oh my!! Up 63%!!!!
Maybe the IR guys got off their butts and got some money people interested!!!!
OK....which one of you guys got some info and didn't share it!!!!! LOLOLOLOL!!!!!
miningguy2004...Thanks, that make sense. The "efficiency" must be how completely the fuel is burned.....pure, dry carbon could be close to 100%, I would think, if the oxygen were available, and CO2 would be the only "waste" product.
90% efficiency???? That should stun the engineering world...
I wonder what "efficiency" they are talking about????? Looks like it beats coal!!! I think someone is FOS....
"High Conversion Efficiency. Many existing coal fired plants are larger than could be specified for biomass fuels alone. They operate with efficiencies in the range 30-40+% (depending on plant age and operational factors) and this is comparable to the conversion efficiencies anticipated from advanced conversion methods in the medium term and considerably better than those achieved for dedicated steam cycle plant."
http://europa.eu.int/comm/energy_transport/atlas/htmlu/bioeint.html
FASC ain't doin' so hot either....not much action on expected HUGE news, IMO.... Where's that "November" report??????
UPDATE 1-RESEARCH ALERT-UBS raises Goldcorp, 7 others to "buy"
(Duh.....)
Thu Dec 1, 2005 08:51 AM ET
(Adds details)
Dec 1 (Reuters) - UBS on Thursday raised Goldcorp Inc. (G.TO: Quote, Profile, Research) (GG.N: Quote, Profile, Research) , Newmont Mining Corp. (NEM.N: Quote, Profile, Research) and six other gold companies to "buy" from "neutral."
The brokerage, in a research note, said gold and gold equities would perform well over the next 12 months, and that the gold price would be supported by fundamental supply and demand factors and further growth in investment demand.
UBS said that among senior North American producers it preferred Goldcorp, Newmont and Barrick Gold Corp. (ABX.TO: Quote, Profile, Research) (ABX.N: Quote, Profile, Research) . Agnico-Eagle has significant growth and re-rating potential, and for pure leverage to the gold price, UBS said it preferred Kinross and Bema Gold.
UBS also raised its average per ounce gold price forecast for 2005 to $441 from $434, for 2006 to $520 from $455, and for 2007 to $500 from $435.
Following is a list of all the companies and the brokerage firm's new and old ratings:
COMPANY NEW RATING OLD RATING
Goldcorp Inc. (G.TO: Quote, Profile, Research) (GG.N: Quote, Profile, Research) Buy Neutral
Newmont Mining Corp. (NEM.N: Quote, Profile, Research) Buy Neutral
Agnico-Eagle Mines Ltd.
(AEM.TO: Quote, Profile, Research) (AEM.N: Quote, Profile, Research) Buy Neutral
Bema Gold Corp. (BGO.TO: Quote, Profile, Research) (BGO.A: Quote, Profile, Research) Buy Neutral
Compania de Minas Buenaventura
(BUEv.LM: Quote, Profile, Research) (BVN.N: Quote, Profile, Research) Buy Neutral
Iamgold Corp. (IMG.TO: Quote, Profile, Research) Buy Neutral
Kinross Gold Corp.
(K.TO: Quote, Profile, Research) (KGC.N: Quote, Profile, Research) Buy Neutral
Golden Star Resources Ltd.
(GSCu.TO: Quote, Profile, Research) (GSS.A: Quote, Profile, Research) Buy Neutral (Reporting by Tuhin Kar in Bangalore)
Lonestar...I'm thinking Home Depot, Warehouse stores, etc.....
Bolero to Commence Mining Operations December 5th
Thursday December 1, 3:14 am ET
VANCOUVER, British Columbia--(BUSINESS WIRE)--Dec. 1, 2005--United Bolero Development Corp. (the "Company", "United Bolero")(TSX VENTURE:UNB - News) is extremely pleased to provide the following update to shareholders with regards to its Bald Butte molybdenum project in Montana.
The road program, which provides haul truck access to State/Interstate highways through the town of Marysville, is expected to be completed by December 7, 2005. Actual mining operations will commence December 5, 2005 with the first ore shipments, at a reduced rate, scheduled for the week of December 19, 2005. The ore will be trucked to the Contact flotation mill in Phillipsburgh MT. By mid-January, 2006, mill throughput capacity is expected to be about 1000 tonnes per day.
"We are extremely pleased with the progress to date on the Bald Butte quarry by the staff at Montana Molybdenum Corporation," stated President Blair Naughty. "The production schedule set by our onsite engineer, Mr. Joe Bardswich, has been on time and has actually exceeded expectations. With molybdenum prices holding steady around US$30/lb., the Bald Butte project is a significant step towards growing United Bolero into a cash flow positive entity, and will enable the Company to finance future projects internally with little or no dilution to shareholders." Updates will be provided on a timely basis to shareholders as they become available.
United Bolero is also pleased to announce the closing of the second tranche of the private placement announced November 11, 2005. The financing was led by Aberdeen Gould ("AG"), an investment bank based in Toronto, Canada (www.aberdeengould.com), and included flow-through as well as non-flow through shares. Roger Rosmus, President of AG, stated: "We are very pleased to have financed this private placement, as we feel the management team has done an excellent job in assembling a collection of quality molybdenum properties for development. Particularly impressive is the Company's ability to be in production the same month we closed the financing. We look forward to an ongoing relationship with United Bolero Development and will continue to support the Company's strategy to become a major molybdenum producer."
United Bolero is currently debt free, has sufficient capital to see Bald Butte through to production, and now has cash on hand to start a program on the newly-acquired high-grade molybdenum Chong property in Sudbury, Ontario, Canada. The company also plans to work towards NI 43-101 compliance for its Cannivan Gulch molybdenum property in Montana.
The Company (through its wholly owned subsidiary Montana Molybdenum Corporation) has recently added three key supervisors for the Bald Butte Quarry. Shance Hanninen, a native of Butte, has extensive experience in open pit mines in Nevada, and was a supervisor at Newmont's Twin Creek Mine near Winnemucca, Nevada. Shane is also a certified MSHA trainer and established the Company's Safety and Training Plan. Todd Randal, another Bald Butte native, has extensive road and quarry experience in Nevada with a large construction company, including holding the position of Pit Supervisor. Rick Dorvall, a native of Whitehall, MT, gained his experience at the Golden Sunlight operation of Placer Dome in Whitehall, and at the east Boulder operations of Stillwater Mining. Rick supervises the drilling and blasting operations at Bald Butte. The addition of these three supervisors brings the total number of employees at Montana Molybdenum Corp. up to 16.
United Bolero is listed on the TSX-Venture Exchange under the symbol UNB, as well as the Frankfurt Exchange under U7N and the Pink Sheets as UBDVF. For more information, please visit www.unitedbolero.com or call toll-free 888-945-4770.
On behalf of the Board of Directors
Mike England, Director
This news release contains certain "Forward-Looking Statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time to time with the British Columbia Securities Commission and the United States Securities & Exchange Commission.
The TSX Venture Exchange has not reviewed and does not take respon sibility for the adequacy or accuracy of the content of this news rele ase. United Bolero Development Corp. (TSX VENTURE:UNB - News)
Contact:
United Bolero Development Corp.
Mike England
Director
(604) 683-3995
Fax: (604) 683-3988
info@unitedbolero.com
www.unitedbolero.com
--------------------------------------------------------------------------------
Source: United Bolero Development Corp.
greeneyedhawk, I was wrong on the end of November pps per our bet....I had predicted a close at 3 cents. How 'bout a revenue bet for AMEP after the first well is started???
Oil Prices Climb After Dip in Inventories
"If we stay along this pace," Flynn said, "energy demand will hit another record next year."
Wednesday November 30, 2:15 pm ET
By Madlen Read, AP Business Writer
Oil Prices Rise After Government Reports Decline in Crude and Gasoline Inventories
NEW YORK (AP) -- Crude-oil futures rose Wednesday after the U.S. government reported drops in crude and gasoline inventories last week.
Heating-oil prices slipped, though, because of a big build in distillate inventories and warm weather in the Northeast United States -- supporting expectations that U.S. oil reserves are sufficient for the winter.
Still, it's unlikely heating-oil prices will fall much further, as a winter storm battering some Midwestern states heads for the Northeast.
"The weather that's coming at us now is earlier than we'd anticipated. That's going to keep heating oil from really sliding," said Ed Silliere, vice president of risk management at Energy Merchant LLC in New York.
After touching a low in Asian trading of $55.72 -- a level not seen for a front-month contract since June 13 -- light sweet crude for January delivery rebounded, trading 35 cents above Tuesday's close at $56.85 a barrel in late morning trading on the New York Mercantile Exchange.
In London, January Brent crude futures on the ICE Futures exchange rose 36 cents to $54.68 a barrel.
Heating oil slipped 0.47 cent to $1.6050 a gallon, while gasoline rose 1.79 cent to $1.4130 a gallon.
Crude inventories fell 4.2 million barrels to 317.6 million barrels in the week ended Nov. 25 from the previous week, but remain 10.3 percent higher than a year ago, the Department of Energy's Energy Information Administration said Wednesday.
Gasoline inventories slipped 500,000 barrels to 199.9 million barrels, 5 percent below last year's levels, while distillate inventories grew 3.4 million barrels last week to 127.9 million barrels. That's 4.7 percent above year-ago levels, but in the lower half of the average range for this time of year.
The build in distillate inventories -- which include heating oil and diesel -- was greater than traders had anticipated, but the decreases in crude and gasoline inventories were unexpected.
"It was a neutral-to-bearish report, given the build in distillates," said Fimat USA analyst John Kilduff.
Ten energy analysts surveyed by Dow Jones Newswires forecast a rise in distillate stocks of 595,000 barrels on average, a rise in gasoline stocks of 755,000 barrels, and a drop in crude by 220,000 barrels.
Estimates for diminishing natural-gas inventories and the harsh Midwest weather sent natural gas futures climbing.
Natural gas rose more than 33 cents at $12.07 per million British thermal units.
Oil prices have eased in past weeks as mild weather pervaded in northeastern U.S. states. The region consumes three-quarters of the nation's heating oil and is the biggest global market for that type of fuel.
Crude futures are 20 percent below their all-time high of $70.85 in late August after Hurricane Katrina battered the Gulf coast.
"It's a downward drift that's been going on to close to three months now," said Paul Horsnell, head of energy research at Barclays Capital in London. "And there's no dynamic that brings it around for the moment, so we can keep on drifting down."
Still, some analysts are concerned about growing U.S. demand for oil, which could drive prices higher in the long-term.
"We've been focusing on supply, supply, supply -- what we should be focusing on is demand," said Phil Flynn, analyst at Alaron Corp. in Chicago, pointing to Wednesday's EIA report, which said motor-gasoline demand grew to 9.2 million barrels a day over the last four weeks, about 1.3 percent above year-ago levels.
"If we stay along this pace," Flynn said, "energy demand will hit another record next year."
Associated Press Writer George Jahn in Vienna, Austra, contributed to this report.