FREEDOM 51 !!!!!!!!!!!!!!!!!!!!!!!!
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Ofek Capital Intensifies Investor Relations Reach
2004-02-17 09:00 ET - News Release
TORONTO, Feb. 17, 2004 (PRIMEZONE) -- Ofek Capital Corp. (Pink Sheets:OFCC), a fully reporting company, is pleased to announce that in line with the company's commitment to bring forth its message to the investment community, and in line of maintaining proactive programs aimed at enhancing shareholders' value, it has retained Morgan James & Associates, Inc., a consulting company specializing in corporate financing, investor communications, and management consulting.
Ofek also extended its web presence on www.MacReport.net for another 3 months and may be seeking broader arrangements with this successful hub, so as to enable Ofek to reach MacReport's database of investors.
Shalom Romm, Ofek's CEO notes, "Morgan James & Associates (MJA) (www.mjacorp.com) will be assisting us in getting our story out to the investment community. MJA has a remarkable track record enhancing shareholders' value for publicly traded small-caps and are very well respected. We expect them to arrange additional analyst research coverage, communicating our business plan, marketing strategy, financing developments and our rapid growth potential to the public and the investment community. In addition, MJA has retained Sutton Aspen & Company (www.c-ir.com) to assist in its plans for Ofek Capital. With MJA' & Sutton Aspen & Company's expertise, abilities and contacts coupled with Ofek's success in the sub-prime financial services sector, Ofek should become materially better known in the investment community."
About Ofek Capital
Ofek www.OfekCapital.com is a North American financial services company that operates within the sub-prime lending and financing market. Ofek believes that the sub-prime market is the most lucrative niche in the financial services industry.
Ofek Capital subsidiaries include: AJM Leasing, Mortgage Bankers of North America and SecondaryMarkets.
-- Ofek leases used cars through its Ontario subsidiary, AJM Leasing
-- Mortgage Bankers of North America, a California subsidiary,
anticipates offering traditional mortgage banking services in 24
states
-- SecondaryMarkets, a California subsidiary, anticipates the
development of a proprietary, patent pending, automated
submission and lending approval software system. It will be
state-of-the-art and capable of generating immediate loan
approval from multiple loan providers
About Morgan James & Associates:
Morgan James & Associates (MJA) provides a wide range of consulting services for the micro-cap and small-cap markets to include media introductions, strong capital resourcing, acquisition resources, and results-oriented marketing programs. MJA specializes in discovering new private companies and under-valued public companies that have strong management teams and that are positioned for dramatic growth.
About Sutton Aspen & Company
Sutton Aspen & Company is a media and information company dealing with the OTCBB, Pinksheet, AMEX, and NASDAQ stock markets. Sutton Aspen & Company produces quality media content that is unique and offers market participants and investors a different look at the markets.
This release contains forward-looking statements within the meaning of Section 21E of the Securities and Exchange Act of 1934, which reflect management's expectations regarding Ofek's future growth, results of operations, performance and business prospects and opportunities. These statements reflect management's current beliefs and are based on information currently available to management. Forward-looking statements involve significant risks, uncertainties and assumptions. A number of factors could cause actual results, performance or achievements to differ materially from the results discussed or implied in the forward-looking statements. Ofek Capital Corp. takes no obligation to update or correct any or such forward-looking statements.
CONTACT: Ofek Capital Corp.
CLX & Associates, Inc.
Robert Weidenbaum
President
(800) 860-8241
email ir@OfekCapital.com
Morgan James & Associates
(912) 790-3076
email info@mjacorp.com
Sutton Aspen & Company
(352) 620-2390
email s@c-ir.com
XSNX first time in a long time the b/a has changed now at .40 x .70 still a crappy spread however
FWGO .18 stock cleaned out now asking .21
FWGO getting thin on level II all trades at ask. Starting to get bid support as well
FWGO lots of positves looking for another run shortly.
Gold over $413.00 today. Copper prices heading steadily higher.
Elgin to participate 50 per cent in Mareesburg
2004-02-12 12:10 ET - News Release
Mr. Ian Rozier reports
ELGIN TO ACQUIRE A 50% INTEREST IN THE 1.9 MILLION OUNCE MAREESBURG PLATINUM PROJECT, SOUTH AFRICA.
Elgin has entered into an agreement whereby it will participate in a 50-per-cent joint venture with Lion's Head Platinum (Pty.) Ltd., to purchase the mineral rights on the farm Mareesburg 8 JT from Samancor Limited for 101 million rand (approximately $20-million).
LHP is a private South African black empowerment company that is fully compliant with the South African Mining Charter, and this transaction represents a mutually beneficial empowerment model created between a major South African mining company and historically disadvantaged South African entrepreneurs and mining professionals backed by international capital. Mareesburg contains an indicated resource of 1.9 million ounces of platinum group elements. Under the terms of the agreement Samancor will retain all rights to chrome.
A total of 12 drill holes and numerous down hole deflections have previously been drilled to investigate the primary PGE horizon in the UG2 reef in the southern part of Mareesburg. The drill holes are spaced between 250 metres and 500 meters apart with consistent UG2 intersections at between 18 metres to 226 metres depth. The reported average grade of 4.87 g/t 3PGE+Au is based on a total of 28 UG2 reef intersections with an average thickness of 1.19 metres. The property contains an indicated resource of 11.23 million tonnes containing approximately 1.9 million ounces of PGE (3PGE+Au).
The 2,129-hectare Mareesburg property lies in the southern part of the eastern Bushveld complex in South Africa; approximately 50 kilometres west of Lydenburg, adjacent to Angloplats's proposed new platinum mine on the farm Der Brochen and the Aquarius Everest North project. The immediate area around Mareesburg is rapidly developing into a major mining district with platinum and chrome mining currently under way and a number of possible new platinum mines being investigated and developed by Angloplats, Impala Platinum and Aquarius. The majority of these platinum mines are planning to mine the UG2 chromitite horizon in the area adjacent to the Mareesburg project. Access to the property is good, high-voltage power lines traverse the area, and water sources exist on the property.
To earn its joint venture interest, Elgin has agreed to finance additional drilling costs to further define the measured and indicated resource at Mareesburg, whereafter the parties will finance the project pro rata to their respective interests. The purchase price to Samancor will be financed by Elgin as a capital contribution to the joint venture, to be redeemed on a preferential basis from the first proceeds of the mine.
"Mareesburg is one of the best-defined shallow PGE resources in the eastern Bushveld, and the acquisition of this interest in Mareesburg provides Elgin with drilled PGE resources that can be brought into early production with low capital and operating costs. With the Mareesburg PGE grades comparable with that of the other major platinum developments in the area, the acquisition price of approximately $7.50 (U.S.)/ounce of resource at Mareesburg is extremely competitive. Mareesburg provides Elgin with a defined resource base to compliment our highly prospective Rooikraal PGE exploration joint venture. Additionally, we meet all of the final South African empowerment criteria contained in the South African Mining Charter with our partners from day one," commented Ian Rozier, president and chief executive officer of Elgin.
The acquisition of the Mareesburg property is subject to closing conditions normally associated with transactions of this nature. The acquisition is expected to close by March 30, 2004.
OFCC looks like some buyers stepping up to the plate
picked up most of mine at .025 and some at .03. Put a stink bid in at .02 the other day but wasn't really watching to close and missed it at that level.
SIBM looks nice and clean. Should have a nice move when it starts having something to talk about.
NCIH .075 x .08
OFCC looks like a seller wanted out. Hopefully heading higher. I've been buying the dips here.
BHUS needs some volume needs some support on the bid which seems to be happening here right now. Offers seem to be thinning as well. Gearing up here IMO
JLHY volume picking up and bids getting thick on level II
BHUS .021 x .022
BHUS .021 x .022
NCIH .07 x .08
Only 1 million shares o/s
Plan of Operations
NCIH's plan of operation for the coming year is to identify and acquire a favorable business opportunity. NCIH does not plan to limit its options to any particular industry, but will evaluate each opportunity on its merits. NCIH has reviewed and evaluated a number of business ventures for possible acquisition or participation by NCIH. NCIH has not entered into any agreement, nor does it have any commitment or understanding to enter into or become engaged in a transaction as of the date of this filing. NCIH continues to investigate, review, and evaluate business opportunities as they become available and will seek to acquire or become engaged in business opportunities at such time as specific opportunities warrant. NCIH anticipates that its owners, affiliates, and consultants will provide it with sufficient capital to continue operations until the end of the year 2003, but there can be no assurance that this expectation will be fully realized.
BHUS .018 x .021
NPTU getting interest last several days
BHUS mm's moving higher .016 x .019
RMMI you just have to know this is going to be huge and worth the wait.
BHUS printing .018 now
CMKM .0002 x .0003
It's official now. Pigs can fly. Even CMKM has a bid now.
MMI update
from stockhouse board
Sun Feb 8, 2004
FOR THE PERIOD OF February 1st to February 8th 2004
--------------------------------------------------------------------------------
Tulks South Property, Newfoundland
Eagle Gold Zone
Drilling finally commenced on February 4th. As of February 8th (Sunday) the first drill hole E9401 was completed to the planned 100 m downhole depth. The drill has been moved approximately 100 meters to the southwest and the second hole E9402 (of a total of seven) is now underway.
A drill road to all proposed drill collars has been completed and the Nodwell porter used to move the drill has been driven to all proposed drill set-ups. No further moving or water problems are anticipated.
Logging and sampling of hole E9401 is underway as of Sunday. Initial assay results may be received as early as Thursday February 12th, however Exchange policy requires all significant assays to have check assays performed. This will possibly delay release of assay and geology results from E9401 until the week of February 16th.
Drill core samples from all drill holes will be assayed at Eastern Analytical for gold by fire assay with an atomic absorption finish (standard FA/AA analytical technique). Any samples yielding 10 g/t Au or greater will be automatically re-assayed using a one-assay ton (30g) aliquot by FA/AA finish. Any samples yielding 10 g/t Au or greater are also checked with a different lab (either Chemex, Vancouver or ALS, Toronto) using one-assay ton FA/AA. This standard procedure has yielded comparable assay results between all labs used to date. In addition, the core samples will also be analyzed at Eastern Analytical for copper, lead, zinc, and silver.
Cordilleran Roundup Followup
Several organizations expressed interest in the mineral potential of the Company's Tulks South Property relative to the potential of the central Newfoundland region. As a followup, the Company has an information meeting with a major mining corporation on Monday and a mid-tier mining and exploration company later in the week to discuss the mineral potential of the Company's Newfoundland properties.
don't know about the rest of ya, but this sure looks good to me. seems to me that Noranda is the "major mining corp", considering their position with mmi already. TA looks very encouraging at the present as well. macd just starting to turn, stochs bouncing up from oversold, above 50 dma, rsi turning back up. I wish there was "a lot" more volume though. we need "volume"!
BHUS getting some volume now
BHUS .01 x .013
BHUS starting to stir again........
JLHY volume continues to be low but it looks like it wants to move. MM's on the ask are moving higher and spreading out more. Volume could be low because there has been steady persistant accumulation and a lot of the stock is now in strong patient hands waiting for the home run
FWGO news today.....
Progress at Fischer-Watt's Mercedes Project
2004-02-05 10:17 ET - News Release
COEUR D'ALENE, Idaho -- (Business Wire) -- Feb. 5, 2004
Fischer-Watt Gold Company, Inc. (OTCBB:FWGO) is in the
process of planning its next stage of exploration at its high-grade
Mercedes gold-silver property located in the state of Sonora, Mexico.
The deposit is in the form of a steeply dipping vein system that
outcrops at surface. Near-surface drilling of the vein was carried out
several years ago by Meridian Gold, who was exploring the property at
that time. To further develop proven and probable reserves it will be
necessary to drive exploration tunnels along the length of the vein.
In order to defray some of the costs of this mining, Fischer-Watt is
investigating the possibility of recovering some of the precious
metals in the excavated vein material. This could be achieved by
scalping off an easily liberated component of the gold and silver
mineralization in a low cost, pilot-sized, gravity separation plant.
Metallurgical test-work, to evaluate the feasibility of carrying out
such interim processing, has recently been successfully completed by
Resource Development Inc. in Denver, Colorado.
A composite sample, representative of a large segment of the
currently known portion of the Mercedes vein, was assembled from
several of the rotary percussion holes that had been drilled by
Meridian Gold. This sample assayed 23.19 grams of gold per tonne (0.74
ounces Au/ton) and 259.8 grams of silver per tonne (8.35 ounces
Ag/ton). The test results indicate it would be possible to recover
between 42.9 and 48.9% of the gold and 17.2 to 31.0% of the silver
values by using a simple gravity separation system. The liberated
precious metals would be collected as a gravity concentrate that could
then be smelted and further refined. The remaining unrecovered gold
and silver values, which are largely amenable to a conventional
cyanidation leach process, would be retained in the tailings and
stored for reprocessing when the project goes into full production.
In an earlier news release, Fischer-Watt had noted that the silver
values found to-date, in the near-surface oxidized portions of the
Mercedes vein, were in a silver chloride mineral called cerargyrite,
or horn silver. It was further noted that this mineral is often found
overlying deeper silver sulfide deposits in arid regions such as this
location. Additionally, an important constituent mineral in silver
sulfide deposits is tetrahedrite, which can contain significant
amounts of antimony. The mineralization in the Mercedes vein does
contain significant traces of antimony, thereby strengthening the
hypothesis that the Mercedes vein may host a deeper silver/gold
sulfide deposit in addition to the oxide ore that has been found
to-date. The planned underground workings in this current stage of the
oxide zone exploration will also provide excellent locations for
underground drill stations to test for the deeper sulfide targets.
Fischer-Watt Gold Company Inc., located in Coeur d'Alene, Idaho,
is publicly traded on the OTC Bulletin Board under the symbol FWGO. In
addition to the Mercedes property, the Company is developing its La
Balsa open pit copper oxide property in the state of Michoacan,
Mexico. La Balsa is located very close to the industrial port city of
Lazaro Cardenas that provides superb infrastructure for the project.
For an up-to-date broker's report on Fischer-Watt please contact
Rich Radez, Vice President Precious Metals, at David A. Noyes and
Company 1-800-285-1700.
Statements in this release that are not historical facts are
"forward-looking statements" within the meaning of the Private
Securities Litigation Reform Act of 1995. Readers are cautioned that
any such statements are not guarantees of future performance and that
actual developments or results may vary materially from those
projected in the forward-looking statements.
Contacts:
David A. Noyes and Company
Rich Radez, 1-800-285-1700
GCR looks like most of the crosses have been done and it's starting to head higher. New management has a stellar track record and I'm 100 % positive they will get GCR a great project.
PCES 11 x .16
PCES .08 x .13 "perking???"
TKRN bidders moving up looks like it's going to pop here
AUA Should do very well in this booming resource market. It's run by Larry Reaugh. After I found out he was taking control I got into this company in a big way between .15-.20. Looking for it to head much higher.....GCR is right where AUA was when I started getting in. Change of control will mean GCR will likely see much higher prices as well.
AUA Should do very well in this booming resource market. It's run by Larry Reaugh. After I found out he was taking control I got into this company in a big way between .15-.20. Looking for it to head much higher.....GCR is right where AUA was when I started getting in. Change of control will mean GCR will likely see much higher prices as well.
GCR bluechip management taking control. This looks like groundfloor entry level for what may become a winner in the future.
Golden Chalice names new board; $400,000 financing
2004-02-02 06:28 ET - News Release
Mr. Richard Hughes reports
Pursuant to a restructuring of the company, effective Feb. 2, 2004, the following directors have been appointed: Richard W. Hughes has been appointed director, president and chief executive officer; Dennis Fong has been appointed director and secretary; and Alan D. Campbell has been appointed director and vice-president. The former directors being Rupert L. Bullock, Lynn W. Evoy and Phillip J. Southam have resigned. The head office of the company has been relocated to: 711-675 West Hastings St., Vancouver, B.C., V6B 1N2; telephone: 604-685-2222; and facsimile: 604-685-3764.
Mr. Hughes is a well-known mining financier having discovered one of the Hemlo mines in Ontario in addition to several smaller mines in Quebec. He brings to the company over 35 years of junior exploration company experience.
Subject to regulatory approval, the company has arranged a private placement for the purchase of up to four million units at a price of 10 cents per unit for total proceeds of $400,000. Each unit will consist of one common share and one non-transferable share purchase warrant entitling the holder to purchase one additional common share for a period of two years at a price of 11 cents per share.
The proceeds of the private placement will be used for general working capital, and to find and evaluate new mineral exploration properties.
TTXI Telco-Technology, Inc. Announces Update on China Trip
2004-01-27 08:38 ET - News Release
CLIFTON, N.J., Jan. 27 /PRNewswire-FirstCall/ -- Telco-Technology, Inc. (BULLETIN BOARD: TTXI) (the "Company" or "TTXI") announced today that with its recent visit to China from January 10 to January 15, 2004 by Chairman Don McKelvey, the Company continues its due diligence in connection with a proposed transaction to merge with a Chinese-based media company. The Company previously announced that it had signed a Letter of Intent. Although a definitive agreement has not yet been completed, the Company is hopeful that such agreement will be signed in the near term.
According to the Company, it was recently reported by Chinese officials that China's economy grew by 9.1% last year. TTXI believes that this leaves tremendous room for growth in consumer markets in which the proposed merger company competes. "This is an important strategic development for us as we work to build a world class media company in China. Robust content delivery is critical and we believe that the management of the merger candidate provides it," Mr. McKelvey stated.
With China's entry into the World Trade Organization, the opportunities for foreign companies to invest or collaborate in Chinese media are greater than ever before. These sectors include telecom, cinema, music, video distribution, television production and online media. A number of U.S. companies have already made investments in these areas. The Chinese TV industry has become more advanced than any other Asian market, with the exception of Japan. The Company indicated that it is intended that the merger company will be used as the platform to do add-on acquisitions, as well.
Telco-Technology, Inc. has no current business operations; however, the Company seeks to acquire a privately held company within the telecommunications/media and or Internet industries. TTXI, which is a fully reporting company with the SEC, is current in all of its filings.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995.
This press release includes certain "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995. These statements are based on Telco-Technology, Inc.'s management current expectations and are subject to risks and uncertainties and changes in circumstances. All forward-looking statements included in this press release are based upon information available to Telco-Technology, Inc. as of the date of the press release, and it assumes no obligation to update or alter its forward-looking statements whether as a result of new information, future events or otherwise. Further information on the risks that could affect Telco-Technology, Inc.'s results of operations is detailed in its filings with the United States Securities and Exchange Commission, including the Annual Report for the year ended December 31, 2002.
Telco-Technology, Inc.
CONTACT: Howard A. Scala, President, Wall Street Communications, Inc.,
+1-800-338-9338, for Telco-Technology, Inc.; or Donald McKelvey, Chairman,
Telco-Technology, Inc., +1-973-523-0835, or mckelveydon@hotmail.com
RMMI .04 x .07 with some bid strength
RMMI .06 x .07
SPCI .02 x .03
JLHY has a lot going for it IMO. When they make an acquistion the upside could be significant.
http://www.investorshub.com/boards/read_msg.asp?message_id=2201695&txt2find=jlhy+
http://www.investorshub.com/boards/read_msg.asp?message_id=2201778&txt2find=jlhy+
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