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Rio Tinto (NYSE: RIO) has given notice to Ivanhoe Mines Ltd (NYSE: IVN [FREE Stock Trend Analysis]) that it is exercising its remaining warrants, which will increase its ownership of Ivanhoe shares from 42.0 per cent to 46.5 per cent. Under Rio Tinto's agreement with Ivanhoe in December 2010, Rio Tinto agreed to exercise its remaining warrants for the ongoing development of the Oyu Tolgoi project by no later than January 2012.
The remaining warrants entitle Rio Tinto to acquire 55,122,253 shares at an average subscription price of approximately US$9.10 per share, for total consideration of approximately US$502 million. Rio Tinto's increased ownership will permit it to nominate an additional director to Ivanhoe's board which will increase Rio Tinto-nominated directors from six to seven out of a total of 14.
Read more: http://www.benzinga.com/news/11/06/11864...
Where is Wayne when you need him?
Denyse was CEO during Mining years of fraud PRs - company headquearters in trailer park in Carson City - stiffing the school kids etc.etc. My guess is that her charges go back to then,,, not here failed internet clothing site.
AWESOME - maybe those who lost will get a check if fines are collectable.
Quebec Securities (the AMF) is now moving Ollu & Cortellazzi
Quebec media and MFA press release:
Business Ollu Cortellazzi: AMF is seeking fines of 2.8 million
La Presse Affaires -? 8 hours ago?
(Montreal) The Financial Markets Authority (AMF) is seeking fines of $ 2.8 million to seven individuals and three companies for a case of illegal collection of funds and illegal practice of broker. At the heart of the story is ...
Resources Andréane: 260 charges filed
http://lapresseaffaires.cyberpresse.ca/economie/quebec/201105/11/01-4398374-affaire-ollu-cortellazzi-lamf-reclame-des-amendes-de-28-millions.php
Rue Frontenac -? 4 hours ago?
The Financial Markets Authority (AMF) will draw fines of over $ 2.8 million in the pockets and the coffers of seven and three mining companies officials said it lost nearly $ 1.8 million 53 suffered by investors in Quebec. ...
Dossier Mineral Resources Andréane - AUTHORITY LAUNCHES ...
http://www.ruefrontenac.com/affaires/217-justice/37400-amf-poursuite-minieres
Canoe -? 9 hours ago?
The record of Mineral Resources Andréane back in the news, while the AMF has filed a total of 260 charges against seven individuals and three companies for alleged offenses related to ...
Illegal Distribution: AMF requires $ 2.8 million
Conseiller.ca -? 4 hours ago?
The Financial Markets Authority (AMF) has filed 260 charges against seven individuals and three companies for offenses related to illegal distributions in Andréane Mineral Resources, HE-5 Resources and Minerals Izza. ...
Three mining in the sights of the AMF
http://www.conseiller.ca/nouvelles/pluie-d% E2% 80% 99accusations-in-the-record-resources-mining-Andreane-28782
Govt. Quebec (Press Release) -? 10 hours ago?
MONTREAL, May 11, 2011 / CNW Telbec / - The AMF has launched penal proceedings in the judicial districts of Montreal, Quebec, Terrebonne and Laval with regard to seven individuals and three companies for offenses related to. ..
http://communiques.gouv.qc.ca/gouvqc/communiques/ME/Mai2011/11/c3525.html
The Terks - this got them 1,000 views on myspace and 4 friends.
They are able to say on their web site that they won a music award in Hollywood on "Grammy" weekend. Actually close to the date that the "Grammys" are held on. Wow I wonder where they learned that?
Problem which may just not be their fault is that they sound like an R.E.M. cover band. Probably due to biology but singer tone dead on for REM. Probalby propular around Salt Lake and Ogden where the fans fell like they are seeing their very own R.E.M., but no major will take them because we already had REM.
Pedro - I think we have another pink sheet day trader who was lured in by his "confidants" from one of the momo boards so that they could unload their shares.
No checking of the history, assets - working mine etc. Closed mine - G - in BK - EC and criminal record on trading etc.
Despreatly hoping that something happpens so he does not have to face that he was tricked by "friends" he never met. All he had to do was go back one yr and read some, and then 2 yrs and read a few, to get a picture of what was going on. Then he would realize PRs by company were meaningless.
Which one, and after that experience why would you buy in with more when mine shut down - never profitable when open, etc etc.?
Low operating shares but No Business is still No Business.
Buying companies in BK not a good idea.- Reference -look at Mesa - and they did have a company.
•Capital Change=shs decreased by 1 for 100 split Pay date=08/04/2009.
•Capital Change=shs decreased by 1 for 20 split Pay date=06/17/2010.
•Capital Change=shs decreased by 1 for 25 split. Pay date=02/02/2011.
I first got in before the R/S. The second time I got in when it hit 0.0002 in the first time. I like the current low OS and low MV part!
Value Invet. - When did you get in?
I only see you posting for maybe two months.
You living on coal fumes or what?
Mine is not operating, compnay in BK - that is why shorts if there are any.
Well said.
I believe someone also posted a few years back that he also served some prison time.
Very slim - Company has no operations - Mine closed
Gwenco, Inc. in BK.
IMO - the compnay has no plans.
GLTA
joum - you still watching?
Think someone just got fed up with the holding pattern and wanted out nomatter what? What would indicate that support action?
I see someone got sold 1.3 million at .0021 so I would assume maybe they started the day with 2 million.
<<Wow...missed this. Huge amount of selling. What strikes me is how it appears somebody was desperately trying to support the price during this sell-off. >>
Owe him for what,,, what did he ever do?
Volume today. Any guess as to why all of a sudden the big volume jump?
Nice find - this explains alot.
$168
What makes you think news on Sunwing tomorrow?
Jeff Marshall resigned as CEO, when do you think his replacement comes?
Looks like you are right - wondering what last week's blip was about.
I think the debt was released years ago - 2008 in the BK.
Any guess to the action. Did not fit pump and dump.
Sorry but don't think it was. There was no pump - PR etc.
Did not climb up on people lured in,,, but did a parabolic jump before anyone could notice. Now is is sliding back down. IF it was one investor doing this then they bought in and have been selling at a loss eversince. I think the sellers are bag holders who have held it for last 2+ yrs and they took opertunity to sell.
Question is,,, who made it do the parabolic jump and why?
Nightwish - You know the average volume here?
They didn't - everything between 10:15 and 10:40 was the jump.
Someone buying the shell? Relaunch? Don't know.
Tomorrow will tell.
ASTON- SUUB SPRANG TO LIFE TODAY - STILL SITTING ON SOME?
You and me only old timers around going back to Tommy Lee days.
Chart does not show that action. Stable price through middle of day. Plus why do that on something that goes 20-45 days untraded and then trades 200 shares.
After buying. who did they think was going to buy from them?
http://finance.yahoo.com/q/bc?s=SUUB.PK+Basic+Chart&t=1d
More likely Someone buying, and it took almost all day for the bagholders to notice and sell some - as it has not moved in years.
<<I think your right about suub looks like someone may have bought at closing yesterday causing an up opening and then bought about 10am today for a total of about 3M shares>>
With 7 mil + volume,, not just something like 200 or 2,000 shares.
Something going on. Too much volume for it to be walkup.
Someone talking it over or re-launch happening.
They have kept it going with a couple 100 shares every 3 weeks or so for last couple of years.
Now looks like kept it going for a reason.
SUUB coming back to life - Big - 7 mil volume % gainer of the day.
Awesome! Someone tells the truth.
IMO - waht product do they have to sell?
Was "Seven" ever invovled?
<<I have been involved with this company, both as an employee and an shareholder since it went public. I have weathered several major reverse splits, and continued to watch the CEO and other members of the company continuously spend massive amounts of money on events that never generated a single cent of profit. They have throw money around unnecessarily for things like the hottest latina contest, eworld music awards, money to gary null (some self-help natural medicine guru), and many other ventures that were expected to be the next big deal for eworld that was supposed to push downloads. Not only were all these ventures unsuccessful at generating revenue, they did not produce any downloads (which is paramount to the success of eworld considering downloads are needed to generate ad revenue). They have failed to update the content in the boomerang (for over a year and a half now), and have not monitored the advertisments that are running in boomerang (all of which are no longer current advertising campaigns and are dead links). Every single revenue generating opportunity the boomerang has had has been ignored, and the CEO has opted to focus his energy on seeking private investment. The only thing that has kept this stock alive is a rumored $10M investment which should've arrived prior to the new year. Here we are six months later and the company has no money to operate, explore new revenue generating options, or pay their past/current employees/contractors. There are many individual with thousands each in valid claims against eWorld and Henning Morales. Lawsuits are pending, and for the time being everyone is getting the same old brush-off "we'll have the money soon and then we'll get you taken care of." I know all of this first hand as I am owed money as well, and have been for well over a year and a half. I most likely will not get paid until some new sucker succombs to Hennings con-man tactics and decides to put their hard earned cash into this failing company. Unless there is a major shift in managements thinking and business model, we can all just write our investments off as a loss. >>
Jeff Marshall resigns as CEO.
New one coming when?
You should probably go to the SEC with the information of this communication.
To pay off Talisman and fund wells. So Talisman not to have stake in Canada operation. Don't know whose choice Talisman or Ivan. IMO - they know he is concentrating on earlier access to revinue - which is China, so work in Canada to take back seat - so they want payoff. Convertable at $3.36 so have to figure someone is going to want it to eventually get higher.
Good buy back in at $2.28 level.
You thoughts?
<<Where do we go from here? Been here 5 years and have recently sold from 2.82 down to 2.45. Where is the bottom? What about the new financing. Stands to reason RF after offering the last warrants looks less credible to some. Still Sunwing buildout of more wells needs capital infusion. SO does that MEAN NO partner?
Apparently. I see an Asian stock offering as well for Mongolia. You may recall this was discussed a couple of years back. Is 2.39 a good buy? Got to think 2.15 is still possible! HTL is not hot as we would like but Tamarack and the oil sands still has a huge upside but nees money. Is the 50 million UNSECURED CONVERTIBLE debentures a sign of big things to come? >>
Bet on the R/S if history is window.
•Capital Change=shs decreased by 1 for 100 split. Effective date=1-30-04
•Capital Change=shs decreased by 1 for 4 split. Pay date=8-17-07.
•Capital Change=shs decreased by 1 for 10 split Pay date=12/14/2007.
•Capital Change=shs decreased by 1 for 10 split Pay date=11/04/2008.
•Capital Change=shs decreased by 1 for 100 split Pay date=08/04/2009.
•Capital Change=shs decreased by 1 for 20 split Pay date=06/17/2010.
•Capital Change=shs decreased by 1 for 25 split. Pay date=02/02/2011.
Is this whole compnay dead and gone?
Thanks for the summary - hopefully things looking up, we'll see if report and activity has any staying power. I have not been happy with the performance YTD.
Speed Channel Two Guys Garage feature G-Oil for show. Can watch at web site if you missed it. http://www.twoguysgarage.com/