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ha- ha Ricnat, check my post 5177
Looks like it happening on Canadian exchange, may be Richat took second mortgage on his house ? ha-ha
Yes, someone knows something.. eom
Yes Lojiko, here is more Korean news:
"..The report said that Korea has been extremely active around the world in attempting to secure the long term resources to feed its factories. In this search it has had to compete with other resource consuming nations chiefly China and Japan. BMI believes that Korea will be successful in its resource acquisition strategy due to the availability of funds, well managed companies experienced in international business and the support of a proactive government with a clear vision of what is required for the future economic well being of the nation.
The Korean government has been pursuing the resource security policy through a series of Free Trade Agreements (FTA) and bilateral intergovernmental talks. An FTA with Peru could be finalized as early as November which should secure supplies of gold, zinc and tin as well as other minerals in the resource rich South American country. Advanced talks are also proceeding regarding an FTA with Australia, while in August a bilateral agreement with Bolivia will provide vast quantities of lithium for batteries for Korean electronic goods.
Read more :
http://www.commodityonline.com/news/Korea-scouts-for-more-mine-acquisitions-abroad-33719-3-1.html
As you know , connections, powerful friends, influential allies, family ties are very important in Latin America.
I mention this before - when you read a shareholder prospect first things caching your eye is underlying thought of protection against hostile take-over. Secondly, there is no way Mr. Fifer lets his powerful friends not to cash-in on PDI spin-over, and since it has to be RETROACTIVE - warrants/options has to be exercise now, which make me to believe that PDI spin is coming NOW and not later.
Common people, it is obvious that BOD reprised the options in order for those warrants to be exercise now and not later. And that is why sp has been floating where it is. None of us has been buying those 100k blocks , those were not retail investors, but institutions, funds who-ever were making a quick buck or wanted shares for upcoming split.
Rain is OVER, sun is shining - all you have to do is get up above the clouds, and PDI is coming ( with 9 mil operational budget ).
No worry here.
Interesting info :
By Jordan Roy-Byrne, CMT
GDXJ is the ETF for junior miners and in particular junior gold companies. This sector has been very strong in 2010 and has solidly outperformed its counterpart, GDX as well as Gold.
GDXJ made a key breakout in September and continued to soar into early November. The market soared above our target of $39 and reached $43. Now the market is in correction mode, having declined to $37 before bouncing Wednesday. We see very strong support at $35 and $33 and anticipate a bottom in that range. Also note that there has been very strong accumulation in recent months and very little distribution despite the market falling from $43 to $37.
We also keep an eye on the ISE put-call ratio for GDXJ. Though the options market isn’t as large as what we see in GDX, it has provided good signals thus far. In the last two days there was a spike and another elevated reading. This is something we’ll continue to watch in the days and weeks ahead, as it can help confirm a bottom based on technicals and price action.
If you missed out on the recent run, no need to worry because this is a bull market and the volatile junior gold stocks can have large corrections. For investors who are underinvested or missed the last run, now is the time to pay close attention. An opportunity in the next few days or weeks could be in your grasp.
No worry here. Warrants are still getting cashed-in, this is a last opportunity to get some shares cheap, IMO.
1BP on the other board answered my question : Jennings Capital bought 770000 shares - this is very interesting development, BP brings some good points .
It's working fine , eom
I can not access their website either. That is strange, may be they are reading our message board and updating it as we speak , hmm ..
More news :
"New data released this morning by global gold-market development group the World Gold Council showed private Chinese gold demand leaping between July and Oct. to a new quarterly record of 146 tonnes – some 14% greater than the third quarter of 2009 and 11% greater than the record set around Chinese New Year 2010.
New Year 2011 falls on Feb. 3rd. Chinese consumers – who have bought more gold in the last two-and-a-half years than the People's Bank holds altogether in its reported reserves – accounted for 16% of Gold Bullion demand worldwide during the third quarter.
Indian households remained the No.1 buyers, however, taking one ounce in every five sold globally and growing their demand faster than China year-on-year, up by 28%. ... "
I am agree , he is a great guy, will be on our local radio today, WLW-700.
Sorry Lojiko, I just wanted to infuse some humor on the board , it was boring night. In a future I will try to keep my jokes politically correct. Part of the message was about Indian wedding season which is going thru December , and that can help Gold prices .
Workers ? I don't worry about it, Panama has high unemployment and they can always bring people on site and place them in temporary housing.
MJ, did you see this in a paper ? It can be interesting reading for the Board :
About 60 local business representatives traveling to Washington tomorrow to present to American investors the many opportunities that Panama offers to do business.
This is the fourteenth release of Panama Week, an event that seeks to encourage U.S. investment in our country.
Roberto Alfaro, president of the United States-Panama Business (USPA) noted that the most important of this event lies in the promotion that gives the country to people who has decision-making in companies with the potential to come to Panama and investing .
'Will be about 60 Panamanian businessmen to make their presentations to a similar number of U.S. investors. We believe that this time, we have a series of offers that will arouse a great interest in them, "said Alfaro.
HIGHLIGHTS
Panama has strong cards for the fourteenth version of Panama Week.
The promotions are Panamanian businessmen for investments in tourism, ports, communications, power generation, real estate, banking, reverted areas, logistics, airports and businesses in general.
In the years that Panama Week was held several prestigious U.S. companies that attended the event, later decided to settle in Panama.
Some of these companies are, for example, Dell Computers, high-tech company, Caterpillar, considered the world's largest manufacturer of construction machinery, mining equipment, industrial engines and others, plus the installation of Georgia Tech in City of Knowledge, as a center of innovation and research logistics.
In addition to the Panamanian businessmen, will also be participants of the delegation's trade minister, Roberto Henriquez, and representatives of the Association of Users of the Colon Free Zone, the Banking Association, the Maritime Chamber of Panama and realtors.
Ricnat, I have a small crystal ball on my desk, ha-ha.. As I slightly closing my eyes trying to pretend I am Nostradamus,- I see ball splitting on two and I am writing prediction :
“ From One will come Two - it will be the great beginning “
Welcome aboard pn111, yes stockhouse has a few good posters, but you have to put bunch of others on ignore in order to read good ones.
That’s fine, Inmelt gold is mine less worry. That might never be an issue. ODN results and PDI spin-off far more important. Secondly - Warrants ? Don’t they have to be exercise before the announcement ? I think so, normally company would reward shareholders on a such a “ date “ which was in a pass , like a month ago or so… hmm . If company to announce spin-of during the Meeting then warrants should be exercise ASAP.
Ricnat my last message was for you , sorry MJ.. Any way caravan is moving
MJ, something definitely is cooking. Someone wants those shares in the immediate future, PDI spin-of or buy-out might be in the cards. I still might be right about $ 1.60 not going to happen, because in case of spin-off - we would loose 25% of our value : 1.60 - .40 = 1.20 am I stubborn ? Smile
PS. I almost certain - it is a spin-off, call it a grape-wine.
Yes , may be something is coming , but in mean time it is going to depress share price, not that I am against exercising all those options now, do not see it getting $ 1.60 by end of the year , let’s be real ..
Someone mention that Jennings Capital has been buying PTQ . Can anyone with level 2 double check that? That would be interesting development.. Here is the site , notice on Nov 8 they recommended Buy for Inmet..
http://www.jenningscapital.com/index.php/research/recent/?company=all&analyst=all§or=23
I also like that part :
" ... The town got this phrase for its beautiful women, kind people, and happy night life. La Chorrera is the home of San Francisco F.C., Mariano Rivera (Apaga y Vamonos, New York Yankees), Vicente Mosquera (former World Boxing Champion), and Jose Luis Garces."
I am glad that during recent pullback we managed to cash all those warrants, still there are bunch of them to go but never the less it is a Good Thing ( I sound like Martha Stuart , ha-ha ).. The BOD will ask share holders to increase amount of warrants for the future needs, bonuses, incentives, etc. Most of you guys on this board seem more knowledgeable then I, but personally – the stock options looks as a better way to go, - just my humble opinion. What does the board think?
Yes MJ, May be one of those Chinese students who stand in front of the tank, ha.. Well Koreans are coming and since they are not bringing the shovel - they might be flashing cash, hmm
Here is a rough translation :
7:37 a.m. - The Minister of Trade and Industry, Roberto Henriquez, said today that a "responsible" mining, using the latest technology at hand and in treating people is beneficial for Panama.
Henríquez said that the authorities have studied the experiences of other countries like Peru, Chile, Colombia, Brazil, Canada, France, Germany, where he has found that mining activities are feasible.
In fact, he mentioned that in the richest country in Latin America like Chile, 60% of its exports are minerals. As explained by the minister in this South American country "mining coexists with agriculture."
For these reasons, said in Telemetro Reports are saying that things are not certain about this. Denied, for example, currently 44% of the national territory has been granted mining.
Accordingly, he said that right now there is only one metal mining project is the Petaquilla Gold, located between southern and northern Colon Cocle, which is occupying 25 hectares.
He added that a second project completed the exploration stage and has already submitted its environmental impact study to the National Environmental Authority. He said that, depending on the evaluation of the study, be granted an operating permit.
Also, Henriquez said amendments to the Code of Mineral Resources that this government intends to seek to modify and update these rules date back to 1962.
I am agree, EOM
Weather site shows no rain yesterday and today.. Rocko7 and BestPick from SH both are making bold prediction based on calculations, projecting PTQ as 150K oz producer which would equal peer average share price to $ 6.94 .
Kind of bold calculation , but if it happens - I can pay my house off .. Hmm - I'll take it (smile ).
Are any lawyers around ? My English is good but not that good , .. It is nice to know that Man owns 41907832 shares… Shareholders Right Plan looks good, but why do I get suspicion that the sole purpose of it is to protect company from hostile take-over
Trading of Rights ? - need help with that…
And then final statement :
The Board of Directors shall have the exclusive power and authority to administer and amend
this Agreement and to exercise all rights and powers specifically granted to the Board of Directors or
the Corporation, or as may be necessary or advisable in the administration of this Agreement,
including, without limitation, the right and power to (a) interpret the provisions of this Agreement and
(b) make all determinations deemed necessary or advisable for the administration of this Agreement
(including a determination to terminate or redeem or not to terminate or redeem the Rights or to amend
the Agreement). All such actions, calculations, interpretations and determinations (including, for
purposes of the balance of this sentence, all omissions with respect to the foregoing) which are done or
made by the Board of Directors shall be final, conclusive and binding on the Corporation, the Rights
Agent, the holders of Rights and all other parties and shall not subject the Board of Directors to any
liability to the holders of Rights.
hmm..
Thanks Lojiko, here is article wich would go along with PMC thinking, but I am hoping for opposite :
http://www.theaureport.com/pub/na/7772
Thanks Ricnat and Jalb, I am learning my way around this board.. Something else to ponder : it is not that gold is getting more expencive ( with price of oil and labor cost going higher ) , but with Obama printing press creating inflation/ deflation - it takes more Jacksons to buy 1 oz.
Good morning everyone, ( gooden tach ) I am a newbie here, actually has been reading this board for a year, invested about a year ago and seems know you all . I posted on Yahoo on and off , but this board is the best, I enjoy reading all your opinions specificly when we were $.35, ha-ha . Myself ? – I am in late fifties always invested in blue chips, took beating during dot-com crush, but was wiser lately and invested in bonds, and of cause commodities is a way to go now.