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Not sure I agree with 100% this article, but the Chinese are moving ahead with their government mandate of promoting the manufacture and use of electric vehicles. These vehicles will need lithium batteries, hence Nemaska's partnering up with the China based Tianqui Group.
Chinese EV’s are worse for the environment than their petrol equivalentsChinese Car News | CCT | July 29, 2011 at 10:47 pm --------------------------------------------------------------------------------
According to Environmental Finance:
Running an electric vehicle in China would emit more greenhouse gases than its petrol-fuelled equivalent, according to an expert in emissions reduction projects.
Despite the country’s expertise in electric vehicles and its growing manufacturing base – Nissan CEO Carlos Ghosn only this week said it is ready to build an electric car in China – the country’s power grid is so dominated by dirty coal that recharging vehicles will release more global warming gases than putting petrol in their tanks, according to Juerg Gruetter of La Paz-based consultancy Gruetter Consulting.
Developers of projects that reduce greenhouse gas emissions under the UN’s Clean Development Mechanism (CDM), such as Gruetter, have to produce very detailed information about how many tonnes of carbon dioxide equivalent (CO2e) each project will save, in order to earn carbon credits.
Following recent changes to the CDM methodology for electric vehicles, Gruetter is hoping to register four CDM projects in India, in collaboration with four electric scooter manufacturers. In total, about 1.5 million scooters will be sold over the next 10 years, which should save about 1.5 million tonnes of CO2e compared to running petrol-powered scooters. The 1.5 million carbon credits that can be claimed are worth €15 million ($21 million) at current prices, and the manufacturers are likely to use the income to build recharging infrastructure, Gruetter said.
The consultancy is also hoping to undertake similar projects in the Philippines, Malaysia and Thailand.
But he said such projects are nigh-on impossible in China because the grid emissions are so high. There are regional differences, but the situation is “virtually nationwide” Gruetter said. Powering a scooter in China with grid electricity would emit about 20 grams of CO2e more per kilometre than running it on petrol.
“It’s worse for electric cars, in fact, as these tend to be less energy efficient – electric scooters are relatively much better than gasoline scooters while electric cars are relatively not that much better,” Gruetter said.
Chinese prefer cheaper electric cars rather than greener onesChinese Car News | Gong Zai Yan | July 4, 2011 at 8:30 am --------------------------------------------------------------------------------From 13 June to 24 June, Tongji University’s School of Automotive studies joined hands with Sohu Auto and conducted a survey to study potential Chinese electric car buyers. Tongji is a leading university in the field of electric cars based in Shanghai. Sohu is one of the top 4 Chinese portal sites based in Beijing.
Many interesting conclusions can be drawn from this survey. Because China had a long history of a planned economy (although relatively short in China’s total history), the government is giving a great impetus to develop electric car technology, but they are not paying enough attention to the consumers and still seem to be playing on the old Chinese mantra from planned economy times of “make it and they will buy it, because there are no alternatives“, of course that is not the case with many foreign companies planning to introduce hybrid and EV models into China. Many bureaucrats believe a good electric car is just the one with further range and quicker charging, but it is far from the truth.
Most Chinese people want to buy cheaper electric cars rather than more efficient gasoline powered ones. When the question “which advantages will make you to buy an electric car” was asked, 87% of the interviewees chose answered “price of electricity is lower than petrol”, while only 35.5% chose an option “electric cars are better for the environment”. When the question “which drawbacks will prevent you from buying an electric car” was asked, 76.8% cannot accept an electric car priced 50% higher than a conventional car, while 84.1% said no to the price of battery replacement, which will be RMB 100,000 (€10,800) each time.
Thus, without high subsidies, most Chinese consumers will not buy an electric car. But how can government pay a very high price for every consumer? To reduce the manufacturing cost is the only way out in the future.
Everyone knows the price of EV’s is one of the big issues behind the take up of EV’s (aside from range) but many Chinese people, especially the bureaucrats, always ignore the importance of branding. When the question “which factors are important for buying a conventional car” was asked, 18.2% of non-car owners chose the car brand, while 30.0% of car owners chose it. The huge difference between non-car owners and car owners’ views implies that a mature car buyer is likely to attach more importance to car brand. Since many Chinese cannot afford a car now, their dream is just to buy a cheaper, bigger, better equipped car, but when they become richer and have chance to drive various cars, they will understand the inherent quality of a car.
Why do the Chinese need to secure a steady supply of lithium?
Chinese government to launch 15 different electric car standardsFeatured, Industry News | CCT | September 2, 2010 at 10:33 pm -------------------------------------------------------------------------------- The Chinese government is planning to unify the electric car industry with a set of 15 new electric car standards which will cover manufacturing specifics in a bid to consolidate the electric car industry into one standard within China.
China is planning to become one of the big ‘electric car states’ in the next few years as its plans to lower its dependency on foreign oil, yet continue with rapid car sales at the same time. The different standards will cover 15 different areas of electric car standards and will cover areas such as battery casing size, voltage and current references, charging stations (including monitoring and billing) and also car security.
It is not entirely clear what global ramification this standardization project might have for international car makers that plan to export electric cars into China in the future, or what it might mean for Chinese electric automotive exports. China may well lead the way in an electric car standard, or they maybe pushed aside by a global forum of international automakers that have their own standardization aspirations.
We are moving full speed ahead. Always fun to pump a real lithium soon-to-be producing company!
The recent resource estimate will contribute to a full feasibility study expected by year end 2011.
Nemaska is pressing forward with an aggressive development plan for the Whabouchi property. Permitting began in the summer of 2011. Engineering, ground preparation, the ordering of large equipment units and construction activities will begin in 2012.
Having already secured a $3.7-million private placement deal with the Chengdu Tianqi Industry Group, (Chengdoo Shiangqi) owner of the largest lithium battery chemical producer in China, Nemaska plans to start production of the mine in 2013.
Just as Nemaska is forging ahead with its Whabouchi property, it is also involved with TUCA's beginning exploration program. These two companies are joined at the hip!
Nemaska is pressing forward with an aggressive development plan for the Whabouchi property. Permitting began in the summer of 2011. Engineering, ground preparation, the ordering of large equipment units and construction activities will begin in 2012.
Having already secured a $3.7-million private placement deal with the Chengdu Tianqi Industry Group, (Chengdoo Shiangqi) owner of the largest lithium battery chemical producer in China, Nemaska plans to start production of the mine in 2013.
Video: Nemaska Exploration’s Whabouchi 3D Drill Tour By mohammad · July 27, 2011 · 11:13 am · Leave a Comment
Nemaska’s world-class Whabouchi lithium project speeding toward development Nemaska Exploration is aggressively pursuing the development of its 100-per-cent owned Whabouchi lithium project. In the James Bay area of Northern Quebec, the 25-million-tonne lithium deposit is known to be one of the largest resources of its kind in the world. The Whabouchi property is ideally situated for development, lying 280 kilometres northwest of the town of Chibougamau, and near the Cree community of Nemaska, who have given the project their full support as long-term shareholders in the company.
The property is accessible by all-season roads and lies near to an airport and services centre. Power lines run directly to the site.Importantly, lakes and rivers cover approximately 15 per cent of the project area, and will provide ample supply for Nemaska’s future mining requirements.
View the full NMX chart at Wikinvest The Whabouchi property covers 1,716-hectares, more than enough land to secure potential lateral extensions of the known deposit. When Nemaska acquired Whabouchi in 2009, the project had only five historic drill holes. In the two years that followed, Nemaska completed 115 drill holes totalling 22,085 metres, in addition to 143 surface channels and 2,780 kilometres of mechanical stripping.
Based on this and other exploration data, Nemaska completed a mineral resource model in 2011 that confirms the Whabouchi deposit as the largest and the second richest measured spodumene deposit in the world.
It contains a measured and indicated resources of 25-million tonnes at an average grade of 1.54 per cent lithium.
This resource is a 155-per-cent increase from the company’s 2010, 9.8-million tonne measured and indicated resource, which was the basis for the company’s March 2011 preliminary economic assessment.
The PEA suggested an open pit operation with a throughput of 2,950 tonnes-per-day and a mine life of 15 years, producing a six-per-cent lithium oxide spodumene concentrate, most likely for buyers in China.
The Whabouchi pit would measure 1,300-metres long by 320-metres deep. The known mineralization extends to a depth of 520 metres. The deposit remains open at depth and to the east.
Based on a spodumene concentrate price of $280 per tonne, the mine is expected to generate an average revenue of $56.6 million per year, or $849 million over an initial 15-year mine life.
This translates to a pre-tax NPV of $184 million and an IRR of 26.6 per cent.
The project’s capital costs would total just $86 million, which would include contingency and working capital.
With the recently updated resource estimate of 25-million tonnes of ore, Whabouchi’s mine life will jump to 25 years. This will dramatically improve the project’s economics, and simultaneously lower its operating costs.
The project also benefits from higher grade outcropping along a ridge 40 metres above the surrounding topography.
This allowed the mine plan to include a starter pit of about 5.4-million tonnes with a stripping ratio of just 0.8 to 1.0. As such, the first five years of mining will have exceptionally low-cost production.
Drilling at Whabouchi has confirmed the high grades and continuity of mineralization in the main zone of this lithium-rich deposit.
Drilling has also confirmed the presence of smaller dykes to the south of the Main zone.
Here are a few typical intercepts from drilling results obtained to date:
Hole WHA-10-066 contained 79.2 metres grading 1.61 per cent Li2O. This hole was an important discovery for Nemaska, confirming mineralization at a depth of over 500 metres, which was not included in the present pit design.
The recent resource estimate will contribute to a full feasibility study expected by year end 2011.
Nemaska is pressing forward with an aggressive development plan for the Whabouchi property. Permitting began in the summer of 2011. Engineering, ground preparation, the ordering of large equipment units and construction activities will begin in 2012.
Having already secured a $3.7-million private placement deal with the Chengdu Tianqi Industry Group, (Chengdoo Shiangqi) owner of the largest lithium battery chemical producer in China, Nemaska plans to start production of the mine in 2013.
Click HERE evaluate the Whabouchi project and do more due diligence on Nemaska at RI
Maybe MGRN can borrow LEXG's ultrasonic generator to find gold without a lot of energy! Looks like LEXG found a ton of lithium using this little gizmo.
Lithium Exploration Group| LEXG The Agreement: The exclusivity terms grant Lithium Exploration Group rights to use of the technology in the Swan Hills region of Alberta. The region outlined in the agreement encompasses more than 12,000 square kilometers and overlays all of the aquifers reported to contain high levels of lithium in a 1995 Alberta Geological Survey study. The terms of the agreement also give Lithium Exploration Group the ability to expand the exclusivity agreement for mineral processing purposes throughout Canada. The Opportunity: The ultrasonic generator provides the opportunity to separate the minerals, like lithium and potassium, from the water without requiring a large amount of energy. The exclusivity to this technology for the 12,000 square kilometer area covering the Swan Hills region will ensure that it cannot be used by any other group in the area, targeting lithium or potassium in the brines, without financially compensating Lithium Exploration Group.
Federal securities class action lawsuits in the first half of 2011 were filed at the second highest semi-annual rate in the last eight years, according to this edition of NERA's biannual study. Co-authored by Senior Consultants Dr. Jordan Milev, Robert Patton, and Svetlana Starykh, the study draws from more than 15 years of NERA research on case filings and settlements in securities class actions, and includes data on filings, dismissals, and settlements through 30 June 2011.
The latest edition shows that there were 130 filings of securities class actions from January to June of this year. If this pace of filings is maintained, there will be 260 fillings by year-end in 2011 -- the highest level since 2002 and the fourth highest in the 16 years since the passage of the Private Securities Litigation Reform Act (PSLRA). While filings have been brisk, average settlement size in the first half of 2011 has fallen sharply to $23 million, down from $108 million in 2010. The median settlement also fell substantially, to $6.3 million from an all-time high in 2010 of $11 million.
Over a third of federal securities class action lawsuits filed in the first half of 2011 were against foreign-domiciled issuers, a historical high and more than double the prior peak in 2004. In prior editions of NERA's Trends report, the authors observed that foreign companies listed in the US are less likely to be sued than domestic issuers. Recently, however, there has been a sharp reversal of this pattern. Results for the first half of 2011 show that US-listed foreign-domiciled companies are now twice as likely to be sued as their US-domiciled counterparts. Driving this trend are the 27 suits filed against companies domiciled in China -- making up 60 percent of all suits against foreign-domiciled issuers.
As in the second half of 2010, a large number of suits in the first half of 2011 challenged the pricing of a merger or acquisition; however, the 37 such suits filed in the first half of this year were fewer than the 50 M&A pricing objection suits filed in the second half of last year. The rising share of cases with a breach of fiduciary duty allegation is largely a by-product of the growth in cases challenging the pricing of a merger or acquisition. In both 2010 and the first half of 2011, such cases account for almost 30 percent of filings.
In addition, the downward trend of credit crisis securities class action litigation observed in 2010 by NERA Trends authors continued in the first half of 2011, with only eight cases tied to credit crisis litigation observed. Ponzi scheme filings have also declined from nine in 2010 to two so far in 2011. Of the 245 credit crisis-related federal securities class actions filed in the past few years, as of June 2011, 79 have been dismissed and 23 have settled.
In order to make money on the pumps and dumps like DTTO, you need to be in early when the "insiders" are front loading and getting their act together. The money has been made here already.
The real DUMP on DTTO took place on the rise UP - when the frontloaders sold while they were pumping. A common misconception about Pump and Dumps - that dumping is occuring when it is trending down like this.
Happens each and everytime - when there is nothing to support the pps it drifts back down.
It contains the part of the disclaimer that was left out. That editorial staff that report on the scams cannot short them and profit. It would have been appropriate for the poster to have included that disclaimer.
Quote: -------------------------------------------------------------------------------- * Important Disclosure: TheStreetSweeper, through its members, began establishing a short position in POTG on July 6 and has now shorted a total of 104,500 shares of the company’s stock at an average price of 80 cents a share. It expects to profit on future declines in the stock by covering its short position at a lower price and will fully disclose the details of its transactions as they occur.
Update: TheStreetSweeper covered 90,000 shares of POTG on July 27 at 47 cents a share.
Nope. He did not print the entire disclaimer and I called him on it. My guard dog instincts were spot on.
* Important Disclosure: TheStreetSweeper, through its members, began establishing a short position in POTG on July 6 and has now shorted a total of 104,500 shares of the company’s stock at an average price of 80 cents a share. It expects to profit on future declines in the stock by covering its short position at a lower price and will fully disclose the details of its transactions as they occur.
Update: TheStreetSweeper covered 90,000 shares of POTG on July 27 at 47 cents a share.
As a matter of policy, TheStreetSweeper prohibits members of its editorial staff from taking financial positions in the companies that they cover.
HIGH PUREQUARTZ PRODUCT PRODUCED FROM BASIC FLOTATION OF PRIMARY CLAY MATERIAL
Vancouver, BC, (July 28, 2011) -- i-minerals inc. (TSX.V:IMA , US OTC: IMAHF) announces it has received initial results from Dorfner Anzaplan (“Dorfner”) a specialty quartz testing laboratory in Germany. Dorfner’s initial work included a detailed analysis of the quartz product derived from the primary clay material from the Company’s Bovill Kaolin Project. The material was first processed at Ginn Mineral Research in Sandersville, Georgia, wherein the clay fraction (kaolin + halloysite) was separated from the sand fraction (feldspar + quartz). The sand fraction was then sent to Minerals Research Laboratory at North Carolina State University (“MRL”) where four quartz products were created using a multiple flotation techniques: a 30 mesh one float product (“2011 F1 30”); a finer grind 50 mesh one float product (“2011 F1 50”); a 50 mesh two float product (“2011 F2 50”) and a 50 mesh three float product (“2011 F3 50”). Dorfner completed analysis of each of the four samples with the results as follows:
2011 F1 30 2011 F1 50 2011 F2 50 2011 F3 50
total impurities (ppm) 1742.07 355.57 303.92 279.57
SiO2 purity 99.730% 99.944% 99.953% 99.956%
High pure quartz products have total impurities less than 500 parts per million (“ppm”) or greater than 99.95% SiO2. All of the 50 mesh products tested by Dorfner reported total impurities of 356 ppm or less. The purity levels achieved after the single and second float are some of the best results achieved to date. At least 80% of impurities are attributable to Al+K+Na indicating there is likely trace amounts of feldspar in the quartz product.
High pure quartz products are used in a variety of applications including solar glass, specialty chemicals manufacturing, and optical applications including fibre optics. Various applications required different specifications for total element content. i-minerals is undertaking additional analysis for less common elements to confirm the quartz product is acceptable into a variety of markets and applications.
The company has commissioned Dorfner to undertake a series of leach testing to see how much further the trace elements can be reduced.
With these results we have now produced high pure quartz from both the granitoid ores of our Kelly’s Basin deposit and the primary clay from the neighboring Bovill Kaolin project,” commented Thomas Conway, President and CEO of i-minerals inc. ”To have achieved this level of purity through basic flotation leaves the company well positioned to be a low cost producer of high purity quartz products and naturally we are all very encouraged with these results.”
A. Lamar Long, CPG, is the Qualified Person (“QP”) for the Helmer-Bovill project under NI 43-101. He oversees the quality control and quality assurance program and the construction of all samples for metallurgical analysis and reviews all analytical results prior to public release.
About i-minerals inc.
i-minerals holds ten minerals leases in northwestern Idaho that hosts Kelly’s Basin feldspar-quartz deposit that is the subject of an ongoing feasibility study. . High purity quartz (>99.98% SiO2) can be produced through a standard flotation process. A pre-feasibility study completed by SRK Consulting (USA) Inc. of Denver Co (“SRK”), calculated a NPV of $61 million and an IRR of 19%. Preliminary exploration work on occurrences of primary clay deposits has identified variable concentrations of kaolinite, halloysite, quartz and feldspar. The Company commissioned SRK to complete and initial assessment of the primary clay deposits through a Preliminary Economic Assessment (the “PEA”) which is based upon limited, widely spaced drilling over large areas. While additional assessment work is required to fully assess the economic viability of the deposits, the PEA yielded a NPV of $95 million and an IRR of 48% and indicated these primary clay deposits may represent the largest deposit of halloysite in North America. Halloysite is a unique tubular shaped alumina-silicate mineral often referred to as a halloysite nanotube which is being increasingly used in nanotechnology applications.
Don't illegal undisclosed promoters who don't answer to being called out by Admins on it get 999 days out?
You mean, if I was receiving like cash money in envelopes, instead of front loading POS scams, and then pimping stocks on I-hub, like that POS DTTO, you mean that sort of thing is not kosher?
Canaccord Genuity continues to believe that macro-economic conditions favour higher gold and silver prices, including record global liquidity, inflation prospects, and low real interest rates and currency debasement on sovereign debt woes. The recent negative outlook on US credit by S&P and Moody’s coupled with higher inflation readings recently helped drive gold through our previous peak estimate of $1,600/oz. In this week’s Junior Mining Weekly, we review our upwardly revised gold price deck. In addition, TSX-Venture volumes broke through 200 million shares average per day over the last week; the first time in eight consecutive weeks.Exploration updates: Bowmore Exploration Ltd. (BOW : TSX-V : C$0.54 | Not rated) Grayd Resource Corp. (GYD : TSX-V : C$1.65 | Not rated) Laurentian Goldfields Ltd. (LGF : TSX-V : C$0.21 | Not rated)
Mark Bince Administrative Assistant to David Kearnes Canaccord Wealth Management T: 604.699.0887 F: 604.601.5851 E: mark.bince@canaccord.com
A division of Canaccord Genuity corp. Member of the canadian investor protection fund 2200-609 Granville St. Vancouver. bc v7y 1h2
FORM 8-K/A Date of Report (Date of earliest event reported): February 9, 2007
However, without any prior consultation with the Company, on April 20, 2007, the Former Accountant delivered an undated letter to the Company stating that, based on information from a former member of the Company's Board of Directors, "the financial statements as filed with the Securities and Exchange Commission are misstated, and therefore we are withdrawing our audit reports for 2004 and 2005." Upon receipt of the letter, the Company's Chief Financial Officer and others contacted the Former Accountants in an attempt to determine the specific reasons why it believed that the financial statements were "misstated." As a result of those contacts, the Company determined that the source of the "misstatement"
>>>>Price is what you pay. Value is what you get.>>>>>>Most people get interested in stocks when everyone else is. The time to get interested is when no one else is. You can't buy what is popular and do well.>>>>>>>>It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price.>>> WARREN BUFFET
>>>>Price is what you pay. Value is what you get.>>>>>>Most people get interested in stocks when everyone else is. The time to get interested is when no one else is. You can't buy what is popular and do well.>>>>>>>>It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price.>>> WARREN BUFFET
Looks like Mr. Merriman was the CEO of Merriman Curhan Ford, prior to joining Merriman Capital. Looks like Nemaska is represented by big league investment bankers!
Capital MarketsMerriman Capital, Inc.
OverviewBoard MembersCommittees EXECUTIVE PROFILE D. Jonathan Merriman Co-Founder, Co-Chairman, Chief Executive Officer and Chairman of the Independent Advisory Board, Merriman Holdings, Inc. 6969 Age Total Calculated Compensation This person is connected to 4 Board Members in 4 different organizations across 6 different industries.
See Board Relationships 50 $231,698 As of Fiscal Year 2010 BACKGROUND Mr. D. Jonathan Merriman, Jon has been the Chief Executive Officer of Merriman Holdings, Inc. (formerly Merriman Curhan Ford Group, Inc. (formerly, MCF Corporation)) since October 2000. Mr. Merriman served as Chief Executive Officer of Merriman Curhan Ford & Co., a subsidiary of Merriman Curhan Ford Group, Inc. since February 2000. Prior to that period, he served as President and Chief Executive Officer of Ratexchange Corporation, the predecessor company to Merriman ... Curhan Ford Group, Inc. from September 2000 to February 2002. He served as President of Merriman Curhan Ford Group, Inc. from October 2000 to June 2001. From September 1996 to October 2000, he served as Senior Managing Director and Head of the Equity Capital Markets Group at First Security Van Kasper and Company (formerly, Wells Fargo Securities). In this capacity, he oversaw the research, institutional sales, equity trading, syndicate and derivatives trading departments. From June 1997 to June 1998, he served as Managing Director and head of Capital Markets of The Seidler Companies in Los Angeles. He co-founded the hedge fund company Curhan, Merriman Capital Management, Inc. in 1989. Before Curhan, Merriman Capital Management, Inc., he served at Risk Arbitrage Department of Bear Stearns & Co. as Trader and Analyst. Prior to Bear Stearns, he served at Merrill Lynch as Financial Analyst and as an Institutional Equity Salesman. He served as Director of Equities at Dabney/Resnick/Imperial, LLC. He has been Chairman of the Board at Merriman Curhan Ford & Co. since February 2000. He has been Co-Chairman of Merriman Holdings, Inc. since 2010. He serves as Chairman of Board at Merriman & Co. He serves as Chairman of the Independent advisory board of Merriman Curhan Ford Group, Inc. He served as the Chairman of Merriman Curhan Ford Group, Inc. from June 2001 to November 2007. He has been a Director of Merriman Curhan Ford Group, Inc. since February 2000 and SSE Telecom Inc. since October 1999. He serves as Director of Fiberstars Inc. He serves as Trustee of San Francisco Art Institute. He served as Director of Leading Brands, Inc. from January 1999 to February 2010. He served as Director of Points International Ltd. from October 2006 to February 2007 and First Security Van Kasper from June 1998 to October 2000. He served as Director of The Seidler Companies in Los Angeles. He received an M.B.A. from New York University’s Graduate School of Business and received his Bachelor of Arts in Psychology from Dartmouth College. Read Full Background
You already have it...........just don't want to get it.
Subject to paragraphs (c) and (d) of this section, the duty under Section 15(d) to file reports required by Section 13(a) of the Act with respect to a class of securities specified in paragraph (b) of this section shall be suspended for such class of securities immediately upon filing with the Commission a certification on Form 15 if the issuer of such class has filed all reports required by Section 13(a), without regard to Rule 12b-25, for the shorter of its most recent three fiscal years and the portion of the current year preceding the date of filing Form 15...
stayfocused, you already get this..............Nemaska and TUCA's futures are joined at the lithium hip!
Nemaska is way ahead of TUCA but....once the samples from the Abigail property are analyzed we will be off and running.
I think Nemeska and TUCA are extremely well managed and have the necessary financing and exploration connections already set up and ready to rumble.
Guy Bourassa, President and CEO of Nemaska Exploration, commented: "Our decision to trade on the OTCQX was an important step in expanding our exposure to North American investors. Our focus remains firmly on bringing our lithium project into production in the near term, while realizing value for our shareholders."About Merriman Capital, Inc.
Guy means that Nemaska will be mining lithium by the end of this year! weeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee
Not sure if this has been posted before....but.....
Meanwhile over at Nemaska they will now be trading on OTC market's highest tier, OTCQX. Merriman Capital Announces Sponsorship of Nemaska Exploration on OTCQX
On Tuesday June 28, 2011, 9:00 am EDT SAN FRANCISCO, June 28, 2011 /PRNewswire/ -- Merriman Capital, Inc., a wholly owned subsidiary of Merriman Holdings, Inc. (NASDAQ:MERR - News), today announced that it will serve as the Principal American Liaison (PAL) for Nemaska Exploration Inc. (TSXV: NMX; OTCQX: NMKEF) as it begins trading on OTCQX®.
Nemaska Exploration is a mineral exploration company involved in the James Bay region of Quebec. The Company announced today that it is now trading on the OTC market's highest tier, OTCQX. OTCQX distinguishes the best companies traded over-the-counter (OTC) from more than 9,000 securities traded on the OTCBB and OTC Link that are not required to meet any financial standards or undergo a qualitative review.
Spencer Grimes, Merriman Capital Managing Director, said: "Lithium's important applications in rechargeable batteries make it a key element in increasing the viability of clean technologies. After the successful IPO of its non-lithium properties, Nemaska Exploration's President and CEO, Guy Bourassa, now has the Company focused on developing its Whabouchi lithium project. We are proud to partner with Nemaska Exploration in increasing its exposure to U.S. investors, and being quoted on the OTCQX is a great first step."
Guy Bourassa, President and CEO of Nemaska Exploration, commented: "Our decision to trade on the OTCQX was an important step in expanding our exposure to North American investors. Our focus remains firmly on bringing our lithium project into production in the near term, while realizing value for our shareholders."About Merriman Capital, Inc.
Merriman Capital, Inc. is a full-service investment banking firm that provides investment banking, sales and trading, and equity research services to corporate and institutional clients and high net worth investors. Merriman Capital, Inc. is a wholly owned subsidiary of Merriman Holdings, Inc., which is listed on the NASDAQ Stock Market and trades under the symbol "MERR."
Merriman specializes in four growth sector industries: Technology, Telecom, Consumer, Media & Internet and CleanTech Infrastructure. For more information, please go to http://www.merrimanco.com/.
Merriman Capital, Inc. is a registered broker-dealer and member of The Financial Industry Regulatory Authority (FINRA) http://www.finra.org and the Securities Investor Protection Corporation (SIPC) http://www.sipc.org/contact.cfm.
BTW, New Brunswick decades ago produced one of the richest copper mines of the past 50 years.... and, there's a good chance that Newfoundland and Labrador were originally an integral/contiguous part of that formation a million years ago. Look at the island and you can see how it would have fit there.
That's very interesting indeed. The copper has been in the ground for a very long time and it ain't going anywhere any time soon.
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