THANK YOU for that post.

I guess we could be disappointed that mgt is pushing out expectations for commercial production to July 1st, but I'm sure he has good reason for the following,

"Until Commercial Production is declared, all concentrate sales are not considered revenue but are used to offset capital costs. "

I suspect the reason may be that Bill Reid wants to eventually PR a very high mill efficiency with the lowest cost of production (cost/AUoz) he can create.

11:56 Gold miners (GDX) & Junior Gold Miners (GDXJ) coming under further selling pressure nearing midday as they underperform the broad market rally

Individual equities on the under-performance radar include GG, AEM, ABX, NEM, & EGO.
GDX -0.65%
GDXJ -0.30%

While Allana has lots of reasons to keep investors in the stock, there remains much work and funding to be done along the road to production. The BHP mentions that show up frequently here keep everyone hoping Allana will be able to bring a major JV partner into the picture to assure that the mountains of cash needed for development will be available to the project when needed.

Time will tell the story here, but it's going to be a long tale, not just a simple short story. It's not clear (to me at least) exactly what "events" will occur and when they will happen to move the stock price higher over time.

We could be sitting at .40 in 6 months, or we could be sitting at $1 (like several analysts have suggested) in 6-12 months. Still, all in all, Allana appears to be a good bet with good risk:reward over the next year.

'peeker

Now trading at TRGDy cents. O U C H !!!

09:05 PRIM: Primoris Services announces $107 million Texas highway contract (6.15)

09:30pm: The Technical Take: Fresh 2010 Closing Lows For S&P/Dow

A choppy start on Monday for the market averages with a first hour rally attempt failing to generate enough interest to take out initial resistance levels. This failure and intraday upticks in the Dollar Index led to some downside follow through pressure (amid a dearth of market moving news) and a breach of Friday's lows but once again there was a lack of conviction in the move/volume leading to a lateral chop into the afternoon. Technically wide range bars to the downside such as Friday's often see some carryover momentum and then a stabilization attempt. However, the afternoon upswing failed to take out morning highs/resistance leading to a slide into the bell and new 2010 closing lows for the S&P and Dow. Sectors that paced the way on the downside were led by: Casino -5.4%, Solar TAN -5%, Paper -3.9%, Housing XHB -3.7%, Disk Drive -3.2%, Coal KOL -3.2%, Semi SMH -3.2%, Auto Parts -3%, Transports -2.8%, Steel SLX -2.8%, Industrial XLI -2.5%, Networking -2.5%, Broker IAI -2.4%, Retail XRT -2.4%. Gains were posted in: Silver SLV +4.4%, Gold Miners GDX +2.8%, Gold GLD +1.9%, Utility UTIL +0.6%. The S&P closed near the session low and at its lowest level since last Nov. From a short term perspective unless the index can work back through the 1057/1058 area it remains vulnerable with the next levels of note at its Feb/May/2010 intraday lows at 1044/1040.

If you have requests for charts that you would like to see or if you have comments, questions or suggestions on The Technical Take or TECHX IN PLAY updates send them to Jim Schroeder at technicaltake@briefing.com.

(sorry I forgot instructions on how to preserve table layout):

Support And Resistance Table for Tuesday June 8

Support


Nasdaq Comp


S&P 500 Cash


Dow Ind. Avg


Nasdaq 100 Tracking Stock (QQQQ)


Semi ETF (SMH)


Russell 2000 ETF (IWM)

Resist 4


2246/2254


1078/1080


10190/10200


45.75/45.85


27.50/27.60


64.90/65.00

Resist 3


2229/2237


1070/1071


10090/10105


45.40/45.50


27.20/27.25


64.11/64.20

Resist 2


2205/2216


1064/1065


9965/9980


45.15/45.25


26.75/26.85


63.60/63.64

Resist 1


2185/2194


1057/1058


9870/9880


44.62/44.75


26.35/26.44


62.55/62.65

CLOSE


2173.90


1050.47


9816.49


44.27


26.12


61.92

Supp 1


2170/2166


1044/1040


9774/9760


44.20/44.12


26.01/25.90


61.71/61.63

Supp 2


2150/2140


1033/1030


9725/9712


43.83/43.75


25.64/25.55


61.10/61.00

Supp 3


2126/2116


1020/1019


9670/9650


43.55/43.49


25.28/25.20


60.30/60.20

Supp 4


2100


1010/1008


9600/9580


43.30/43.23


25.00/24.90


59.90/59.80

That's what I said, TURDy-five cents.

Now trading at TRGDy-five cents.

egad!

14:20 (briefing.com) Mosaic (MOS 43.78) takeover rumors circulated, with Vale (VALE 25.12 -0.42) being the speculated acquirer. This rumor followed stories out over the weekend related to potential Russian potash consolidation. We note Jun 50 calls and Jun 45 calls are seeing interest following VALE for MOS takeover chatter. As mentioned before, while many rumors circulate during the day, and the validity of the source of these rumors can be questionable, the speculation may increase volatility in the near term.

... why don't they mention the rumors about BHP and ALLRF.pk ???

ATPG: Hey, I dunno, Bubba. I was waiting for you to tell me.

I'm holding for now but certainly not buying more due to gov't drilling restrictions in GoM. Eventually the folks in LA may insist on easing gov't restrictions so oil industry doesn't flee and devastate their local economy.

AGT: 9:01AM Apollo Gold and Linear Gold report continuing ore grade improvements at Black Fox Mine (AGT) 0.28 : Co and Linear Gold report performance improvements at the Black Fox Mine are continuing with operating results during April and May 2010 demonstrating significant increases in ore grade and corresponding gold production compared to results for 1Q10. During April and May 2010, the Black Fox Mine produced over 12,000 ounces of gold from 119,000 tonnes of ore milled at an average gold grade of approximately 3.5 grams per tonne at a 93% recovery rate. The average ore grade was approx 30% higher than Q1 2010 and in line with the mine plan. For the full year 2010, Apollo expects to produce 90,000 to 100,000 ounces of gold at total cash costs of between $500 and $550 per ounce. Production is expected to continue to trend higher and cash costs are projected to continue to trend lower during the second half of the year as underground ore production is blended with open pit ore production and expected to result in a higher overall ore grade at Black Fox.

ATPG got a downgrade today due to 6mo delay on Telemark connections. Target reduced from $20 to $10. Check VMC Jr. Energy board.

08:06 ATPG: Wunderlich notes ATPG stock price has suffered over the past month due to future production uncertainty related to new regulatory actions resulting from the deepwater oil spill. While ATP's current operations in the deepwater Gulf of Mexico continue to produce, the aggressive growth program from Telemark is delayed due to the rescheduling of the next two wells into 2011. Due to the delays, firm has lowered its ests and target to $10.00/share from $20.00.

No clue on that... this mkt is nasty, so it could go either way. It is probably baked in, but I imagine it SHOULD break $11 again at the least. Announcing metrics will be important (tonnes/day, yield, etc.).

'peeker

About time to declare commercial production at the mill !!!!

I'm voting for next week.

'peeker

ATPG is impacted by the BP disaster. Let's do an ATPG shareholder suit against BP ;>)

Surprised to see ATPG fall back down today. Bought at 9.95 and 9.45 today and expecting it will improve iff BP is able to close off the vents today and tomorrow so leak is diminished. Worst case would be a Monday announcement that the tophat was somewhat successful, as the leak has been reduced from 20,000+ to only 10,000bbl/day.

Those knuckleheads! If this were China, somebody's head would actually roll. In this case, I bet the top guy on BP's rig that made the bad decisions is on vacation in Cornwall or some such thing.

ATPG: ATP Oil & Gas sees lower 2010 production, capex
Fri Jun 4, 2010 10:02am EDT

10:46am EDT

* Says GoM moratorium to delay production from 3 wells

* Expects production of 9.0 mmboe to 10.0 mmboe

* Capex likely to be lower by $50-$100 mln

June 4 (Reuters) - ATP Oil & Gas Corp (ATPG.O) expects a lower production for 2010 and said its full-year budget will likely be reduced by $50 million to $100 million as a result of the Gulf of Mexico offshore drilling moratorium.

ATP said the six-month moratorium would delay production from three of its wells, two at the Telemark Hub and one at the Canyon Express Hub.

The offshore oil and gas production company had earlier expected a capital expenditure budget of $570 million for the year.

The company said that as a result of delay in production from the wells, which were scheduled in the second half of 2010, full-year production will come in at about 9 million barrels of oil equivalents (mmboe) to 10 mmboe for 2010.

ATP had hoped to double its 2010 production from 5.9 mmboe produced in 2009.

The company, which operates in the Gulf of Mexico and the North Sea, also expects costs of about $30 million related to the moratorium.

ATP has has 100 percent working interest in the Telemark Hub and 50 percent in the Canyon Express Hub.

Shares of Houston-based ATP, which has fallen about 33 percent since the April 20 oil spill, were up about 3.6 percent at $9.37 Friday morning on Nasdaq, after hitting a low of $9.25 earlier in the day. (Reporting by Krishna N. Das in Bangalore; Editing by Vyas Mohan)

08:35 ATPG: ATP Oil & Gas provides update on Gulf of Mexico activities; drilling operation at MC 305 #2 in the Canyon Express area will need to be temporarily suspended (9.59)

ATPG announced that the Mississippi Canyon 941 #3 well at its Telemark location can be completed and the current drilling operation at MC 305 #2 in the Canyon Express area will need to be temporarily suspended.

I stand corrected, that is, Don vs. San.

Regarding other details, all is opinion without CURRENT financials.

Shareholders should expect that TRGD financials will take some time to go thru auditors (maybe even 6 months). Once approved by the auditors and submitted to any exchange, we should then expect at least another 6 months before TRGD might uplist to AMEX or NASDAQ. Once financials are submitted, TRGD will probably move first from gray-sheets to pink-sheets.

In the meantime San Ramon operations and profits (the good, the bad, and perhaps even the ugly) will tell the tale on TRGD and TARM stock prices.

IMHO, I see no reason to be particularly optimistic on TRGD stock price for the next few months. The main short-term driver for TRGD price can only be TARM price. TARM financials will need to begin showing that San Ramon really is as profitable as Mr. Biscuit has repeatedly claimed/professed/promised.

It's also highly probable that TRGD will continue to trade at a significant discount to TARM due to the uncertainty caused by lack of financials and trading only on the gray sheets.

Time will tell, but (as an optimist) I don't really expect TRGD to retreat below 20cents/sh over the next year. If San Ramon yields outstanding results, as proven by TARM financials over the next 2-4 qtrs, TRGD could rise to $1+ or so after TRGD financials are completed and published.

Good luck to all long-term TRGD stockholders (we gonna need it).

'peeker

TGA continues to rock on in Egypt.

18:22 Transglobe Energy announces a new oil discovery in Egypt (7.11 +0.20)

The co announces that oil was recovered on test from Safwa NW-1, its latest exploration well in the East Ghazalat Concession in the Western Desert of Egypt. Wire line logs across the Lower Bahariya Formation confirmed approximately 30 feet of net, producible oil-bearing reservoir with an average porosity exceeding 20%. A 14 foot interval was perforated and tested at a rate of 250 barrels of light, 34 degrees API oil per day. The well is currently suspended awaiting a full test.

BP sinks to session lows on reports that Attorney General Holder said the US has launched criminal and civil investigations against BP (36.27 -6.66)

ATPG: IMHO, BP tragedy happened because BP screwed up, not because the deep drilling is inherently problematic. Criminal charges may even be in order for the BP management chain that ignored contractor recommendations and took shortcuts to complete the well. Sort of reminds me of the Challenger crash that happened even when NASA knew the seals had been exposed to freezing temperatures. But, afterall, the President was in attendance, so they just couldn't delay it another day.

After BP's story is told (not sure why it takes 6 months to investigate), the Obama administration will specify particular requirements for reporting problems to Minerals Management, and Minerals Management will have specific procedures to follow when problems are reported.

It's not the entire oil industry's mistake; give BP the credit (and the rather large bill) for not using best practices.

'peeker

ps> I bought ATPG at about $23 and sold in the $19s after the BP explosion. ATPG is probably a good bet right here, though delays in hooking up the additional oil sources to Telemark may cause some problems with cashflow needed to fund other drilling operations in the Gulf and North Sea. Hurricanes in the GoM will also cause downdrafts to ATPG. Short-term, if BP's current attempt to cut the drillstring and attach a pipe for pumping oil to the surface is successful, BP and ATPG should go up; even though this "solution" would still leak some oil into the surrounding water, it would at least reduce the massive volume of the spill. Due to all the uncertainty, I would think buying options (long-term, out of money calls) may be the least-risk way to get some profits out of this tragic situation in the GoM. The best time to buy ATPG calls may be while there's a hurricane in the GoM, especially if it happens before completion of the new BP well(s) being drilled to intersect and stop the existing leak in August.

Well, expect BP to dive again on Tuesday. Could also see ATPG and IAE.v dip also ... depending on how much the media declares all deep drillers guilty by association ...

Oil drifting toward LA/MS/AL wetlands and beaches will bring more oiled birds and wetlands into camera lenses; winds are blowing at about 15knots in a northerly direction.

Hmmm... could someone tell me whether Canada's stock exchange is open Monday?

IAE.v Q1 results are here:

Ithaca Energy Inc.

First Quarter 2010 Financial Results

Net profit for the quarter $5.4 million

Cash flow from operations $19.6 million

SUMMARY OF KEY EVENTS

Financial

· Net profit for the quarter of $5.4 million (2009 full year profits of $7.9 million)

· Weighted average realised price for Q1 of $79.95/barrel before hedging. This compares to a weighted average realised price of $47.27/barrel before hedging for first quarter 2009

· Positive cash flow from operations of $19.6 million

· Debt-free and net current assets as at 31st March of $62.3 million

· Restricted cash at the quarter end was reduced by $5.2 million to $0.3 million

· Total fixed assets increased $3.6 million to $209.1 million ($205.5 million as at December 31, 2009), comprising $14.6 million of capital expenditure offset by $11.0 million of depletion and depreciation for the quarter

Operational

· Combined Q1 production from Jacky and Beatrice averaged 8,776 barrels of oil per day ("bopd") gross (4,193 bopd net to Ithaca) as measured at the Nigg storage facility. Peak production rates from Jacky have exceeded 11,750 bopd gross (5,581 bopd net to Ithaca) as metered at the platform

· Production potential from the Beatrice Bravo facility was increased by approximately 1,500 barrels of oil per day ("bopd") (750 bopd net to Ithaca), as a result of a well intervention program. This was significantly above Management's target of 500 bopd (250 bopd net to Ithaca)

· The Joint Venture Partners have committed to moving ahead with the Athena project with the purchase of long lead equipment and commissioning of a full project team to plan, development and finalise submission of the Environmental Statement and Field Development Plan for approval

· A letter of Intent has been signed with BW Offshore for the use of the Floating Production, Storage and Offloading ("FPSO") vessel 'BW Carmen' (to be renamed 'BW Athena') for the production of oil from the Athena Field

HIGHLIGHTS SUBSEQUENT TO QUARTER END:

· The Stella field appraisal well (30/6a-8) proved the presence of significant additional volumes of hydrocarbon and excellent quality reservoir. A successful Drill Stem Test was performed providing critical information for development planning to now commence. The total measured hydrocarbon column height was shown to be in excess of 820 feet and the well confirmed hydrocarbons more than 500 feet lower than in any previous wells

· As planned, a sidetrack (30/6a-8Z) was subsequently drilled and confirmed a fully hydrocarbon-saturated reservoir interval in the Andrew sandstone. Successful sampling and pressure tests have also provided essential fluid composition information to appropriately size and plan the development of the Stella field. All objectives were fully met by the drilling programme. Following this, an independent evaluation of the Company's petroleum and natural gas reserves associated is currently underway by Sproule (www.sproule.com)

· On April 22 2010, the Company mandated Bank of Scotland as Lead Arranger for a $140 Million Senior Secured Borrowing Base Facility and subsequently has agreed a Term Sheet for the facilities

· Coiled tubing work has commenced on the Beatrice Alpha platform to undertake preparatory 'clean up' work on five production wells prior to mobilization of a Hydraulic Workover Unit ("HWU") to the platform in early July 2010. The HWU will undertake the replacement of Electric Submersible Pumps in four production wells and replace tubulars in one water injection well as part of the Beatrice Complex production enhancement programme

· The Company currently has unrestricted cash resources of $41 million on deposit

Iain McKendrick, CEO, commented, "The strong Q1 results and successful appraisal well at Stella provide further testament to the solid progress made by the Company in 2010. The development of the Stella area is now sharply in focus as a main growth area for Ithaca. Through carefully deploying its resources, the Company is now poised to deliver an ambitious plan with the comfort of a Senior Debt facility agreed and strong cash flow from Beatrice and Jacky."

Further details on the above are provided in the Consolidated Financial Statements and Management's Discussion and Analysis for the first quarter ended March 31, 2010, which have been filed with securities regulatory authorities in Canada. These documents are available on the System for Electronic Document Analysis and Retrieval at www.sedar.com and on the Company's website:

http://www.ithacaenergy.com/uploads/IthacaPressRelease100525-full.pdf

The sheepish grin of Mr. Sheep ... the look that says he knows he stinks and is embarrassed by it.

Good writing about some of the probable effects of the subsurface oilslick in the Gulf.

http://blog.nature.org/2010/05/alabama-the-slick-we-didnt-see/

AVR.v posts financials for Q1:

TORONTO, ONTARIO--(Marketwire - May 20, 2010) - AVION GOLD CORPORATION ("Avion" or the "Company") (TSX VENTURE:AVR - News; OTCQX:AVGCF)(PINK SHEETS:AVGCF)today announces its financial results for the 1st quarter of 2010.

Commenting on the Q1 2010 results, Avion's President and CEO, Mr. John Begeman stated, "The first quarter presented the Company with some unforeseen challenges and I am extremely proud of the efforts of our team in resolving them such that we can look forward to meeting our production guidance for 2010 of 75,000 - 85,000 ounces."

Complete interim financial statements and related Management's Discussion and Analysis are filed under the Company's profile on www.sedar.com. All amounts are in United States dollars unless otherwise indicated. The key facts are summarized below:

-- For the 1st quarter, the Company produced approximately 15,716 ounces at
a cash cost per ounce of $886. The cash costs were negatively affected
by a previously announced slump in the Segala pit which delayed access
to the planned higher grade ore. This situation was temporary and has
now been rectified. The Company is forecasting substantially lower costs
for the rest of the year and anticipates averaging $650 per ounce for
the remaining three quarters of the year. Cash costs do not include
royalties.

-- During the 1st quarter, the Company sold 17,298 ounces of gold at an
average realized price of $1,123 per ounce, which was higher than the
average London fix $1,109 over the period.

-- The Company reported a net loss of $545,740 ($0.00 per share - diluted)
for the quarter ended March 31, 2010 compared to a net loss of
$1,241,360 (loss of $0.01 per share) for the quarter ended March 31,
2009.

-- Gold revenue for the first quarter ended March 31, 2010 was $19.4
million compared to nil for the comparable quarter last year.

-- Operating cash flow before the working capital adjustment for the first
quarter ended March 31, 2010 was $5.6 million.

-- Net working capital as at March 31, 2009 was $20.5 million (including
cash and cash equivalents of $8.3 million).

-- Avion announced a 100% increase in the Measured and Indicated Resources
and a 38% increase in grade in the Segala Main deposit.

TGB conflicted? Good prospects for revenue growth w/ their new mine, but not for the underlying copper price.

Copper Declines as Dollar Strengthens on Europe Crisis Concern

By Anna Stablum

May 20 (Bloomberg) -- Copper dropped to the lowest price in 3 1/2 months in New York as the dollar strengthened on concern European states are divided on how to contain the region’s sovereign-debt crisis.

The U.S. Dollar Index, a six-currency gauge of the greenback’s strength, rose as much as 0.5 percent, erasing a drop. It has advanced 11 percent this year as copper has slid 12 percent in London, pulled down by concern that China, the world’s biggest consumer, might step up measures to tackle asset bubbles as well as the European debt crisis.

“It’s just a continuation of the funk that the markets are in at the moment,” said David Thurtell, an analyst at Citigroup Inc. in London. “People are very nervous and are cutting risk until there is some clarity over Europe and China.”

Futures for July delivery fell 4.65 cents, or 1.6 percent, to $2.913 a pound at 10:43 a.m. on the Comex in New York. The most-active contract erased a climb of as much as 2.9 percent and slid as low as $2.9005, the lowest intraday level since Feb. 5. Copper for delivery in three months on the London Metal Exchange dropped 0.9 percent to $6,445 a metric ton.

LME copper is heading for a sixth weekly drop in a row, which would be the longest streak since a seven-week slide that ended in August 2008. The dollar index is on course for a fifth weekly advance. A stronger U.S. currency makes dollar-priced metals more expensive in terms of other monies.

Smaller Inventories

LME copper had climbed as much as 3.3 percent today on speculation that prices fell too far this month at a time when inventories of metal are shrinking. Prices were down 13 percent in May at this month’s lowest intraday level on May 17.

Inventories tracked by the LME shrank for a third day today, slipping 0.2 percent to 481,300 tons, and are headed for a third monthly drop in a row. Bookings to remove metal from warehouses gained 9.1 percent to 23,500 tons, extending this week’s increase to 27 percent and on course for the biggest climb in four weeks.

Aluminum for three-month delivery on the LME fell 2.1 percent to $1,961 a ton after reaching $1,950, the lowest price since November. Global output of the lightweight metal rose to a record 112,500 tons a day last month, the International Aluminium Institute said.

Immediate-delivery metal’s discount to the three-month price, the so-called contango, was at $31.50 a ton, little changed from $31.75 in the previous session. It narrowed to $22 on May 14, the lowest since July.

Lead slipped 1 percent to $1,739 a ton and zinc dropped 0.7 percent to $1,845 a ton. Tin declined 2 percent to $17,100 a ton and nickel fell 2.2 percent to $20,830 a ton.

To contact the reporter on the story: Anna Stablum in London at astablum@bloomberg.net.

Could it be time to crank up Bruce Springsteen's "Lucky Town"?

S&P futures vs fair value: -21.90. Nasdaq futures vs fair value: -37.00.
Another wave of selling has positioned stocks for a sharply lower start, such that the S&P 500 is expected to open the session nearly 2% lower and well beneath its 200-day moving average near 1102. Such a gap down would also put the S&P 500 several points below its May 7 low, which followed the flash crash, and would also put the benchmark index down more than 10% from its 52-week high. There aren't any new headlines to account for the latest bout of pressure. Instead, the selling keeps with recent trends, which have stemmed largely out of concern that the tenuous financial conditions in Europe represent systemic risks. Such persistent concern has sent the euro back into the red after it had surged 1.5% against the dollar during the prior session; that move was one of its best of the year, but it was discounted by those that cited short covering as a primary catalyst. Another ugly jobless claims number hasn't helped the tone of trade this morning; initial claims for the week ended May 15 climbed 25,000 to 471,000, which was higher than many had expected, and even though continuing claims fell by 40,000 to 4.63 million they still topped what had been expected.

VVUS: Down to start the day. Well, I missed the CNBC special on Obesity. Were there any discussions about pharma companies doing weight reduction drugs?

Sold my VVUS at a loss! Maybe next time ....

NEP reporting late:
China North East Petroleum files to delay its 10-Q (6.23 +0.04)

Co did not obtain all the necessary information prior to the filing date and the attorney and accountant could not complete the required legal information and financial statements and management could not complete the Management's Discussion and Analysis of such financial statements prior to May 17, 2010.

Thanks for the feedback on drilling plans and timing of updated resource estimates.

Verrry helpful.

Lumber price has taken it in the knotholes:

http://quotes.ino.com/chart/?s=CME_LB.K10

Now down into the 260s vs 320s in April.

Wow; major drop in just 1 mo.

Drilling update is helpful; stock up about 5% today. Does anyone know when to expect AAA to publish a revised resource estimate?

I assume they'll drill/analyze at least 15-30 holes before calculating new resource numbers. Meanwhile, optimistic PRs along the way may help underpin the stock price.

Has anyone heard details regarding their overall drilling plans, such as, how many holes they are drilling, plan view of scheduled holes, estimated date of drilling completion, estimated date of new resource estimates?

Honestly I haven't tried to dig into these details; I'm asking here to see if anyone has already learned or reported these details. Thanks for any feedback.

Bought some VVUS today to see if CNBC's special tonite on fat epidemic gives it any followthru tomorrow. Also VVUS presenting today (about now actually) at Rodman & Renshaw healthcare conference in UK.

Yeah, had eggs and fig preserves on toast for breakfast ... then got bored and felt guilty so bought some stock in VVUS instead of going back to the fridge.

ps> beautiful here; enjoying the day!

OK, so now Dick Biscuit has piles. Great!

Wouldn't we prefer it be we who just had piles of cash?

CCME: Thanks for the details, Traderfan, so this new business is only adding about +4% to the existing business. Thus the fall in CCME today is really just inline with the drop in overall market today as this positive news doesn't represent a large increase to their business volume.

Thanks,
'peeker

CCME: The 816 buses in Mongolia is significant. In order to estimate the business impact ... do we know the total # of buses they currently provide service to in other locations?

In other words, does this double their business or just add a small increment to their existing business? BTW, there would probably be some startup costs associated with setting up their services in Mongolia.

'peeker

I do own some, by the way.