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Ok, i'm obviously not paying attention, what stunt?
BFD.v at a nice pullback zone
Thanks HSB, ya, nasty haircut, it just feels like too much of a drop on that news, but who knows if it was a purposeful take down on this not well defined news. These stocks can be quite crazy, well i'm in, hopefully some better news will come out soon, or just wait for a wee bounce.
thanks!
TGE.v also down large on news
KNP.v down large on news, isn't that down too much for that news?
SOH.V down 31%, on good news. I guess sell the news since stock was up so much. Could be good time for a buy.
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Soho receives Tahueuhueto PEA
2010-10-04 09:41 ET - News Release
Mr. Ralph Shearing reports
SOHO RESOURCES CORP. ANNOUNCES POSITIVE PRELIMINARY ECONOMIC ASSESSMENT FOR CURRENT RESOURCE IDENTIFIED ON ITS TAHUEHUETO PROJECT
Soho Resources Corp. has provided results of a preliminary economic assessment for its 100-per-cent-controlled Tahuehueto project in Durango, Mexico. Results demonstrate robust economic returns using three-year rolling average gold, silver and base metal prices. Highlights are in an attached table.
SUMMARY OF PEA ESTIMATES
Net cashflow $184.2-million (U.S.)
Net present value (NPV) 5% discount rate $109.6-million (U.S.)
Internal rate of return (IRR) 31%
Payback period (months) 27
Mine life (years) 11
Max processing rate (tonnes per annum) 1,000,000
Capital & startup costs $89.1-million (U.S.)
METAL SELLING PRICES
Sell price --
Metal (U.S. dollars) Source
Gold 965.81/oz London PM fix price (Centennial Precious Metals, Inc. 2010)
Silver 15.38/oz London fix price (Silver Institute, 2010)
Copper 2.92/lb LME Grade A cathode spot price, CIF European ports (IMF, 2010)
Lead 0.95/lb LME 99.97% pure spot price, CIF European ports (IMF, 2010)
Zinc 0.88/lb LME high-grade 98% pure spot price, CIF U.K. ports (IMF, 2010)
Top
great, thanks for your info! that explains it then, its up a little today.
GMR.v keeps dumping shares and taking pps down, no idea why. Maybe prcie drop preceeding bad news?
TIM.TO..news out just before 2pm, how good is this news? Stock has been down for awhile now, could this cause a run?
Timminco closes Dow Corning Becancour joint venture
2010-10-01 13:45 ET - News Release
Mr. Robert Dietrich reports
TIMMINCO ANNOUNCES CLOSING OF JOINT VENTURE WITH DOW CORNING AND PROVIDES UPDATE ON CREDIT FACILITIES
Timminco Ltd. has completed its previously announced joint-venture transaction with Dow Corning Corp. regarding the silicon metal production facilities of Timminco's wholly owned subsidiary, Becancour Silicon Inc.
As a result of today's closing, Dow Corning has acquired a 49% equity interest in Quebec Silicon Limited Partnership ("Quebec Silicon"), the new joint venture entity that owns the silicon metal operations in Becancour, Quebec, in consideration for net cash proceeds of approximately US$40.3 million. Becancour Silicon could receive earn-out payments of up to potentially an additional US$10.0 million, subject to achieving certain performance objectives relating to production cost and capacity improvements within three years after the closing. Becancour Silicon has retained a 51% equity stake in Quebec Silicon, as well as all of the solar grade silicon purification operations and facilities at the Becancour site. The majority of Becancour Silicon's senior management team, led by Mr. Rene Boisvert who becomes President and Chief Executive Officer of Quebec Silicon, will continue to manage the day-to-day silicon metal manufacturing operations of Quebec Silicon going forward.
Timminco and Becancour Silicon (collectively, the "Company") will use the net cash proceeds from the joint venture transaction to repay fully all outstanding amounts due under the existing revolving credit facility and term loan with Bank of America of approximately US$27.7 million. The balance of the net cash proceeds will be used for the Company's general corporate purposes.
Dow Corning is also providing a $10.0 million revolving credit facility to Quebec Silicon to provide funding for its working capital requirements. Funding is available to Quebec Silicon upon request at any time, up to the full amount of the unused credit commitment and subject to continued compliance. Outstanding amounts bear interest at a variable rate of Canadian prime plus 2%, which is payable quarterly. The revolving credit facility expires on October 1, 2013, and may be terminated earlier, at Dow Corning's discretion, if it ceases to own any interest in Quebec Silicon or upon the occurrence of certain change of control events in respect of Timminco. This facility includes customary negative debt and negative pledge covenants. All of Quebec Silicon's assets have been pledged to Dow Corning as security for Quebec Silicon's obligations under the revolving credit facility.
Timminco also announced today that the maturity date of the Credit Agreement with Bank of America has been extended for an interim period from September 30 to November 30, 2010, to facilitate on-going negotiations regarding a new multi-year revolving credit facility for the Company. For the duration of such period, the credit commitments have been reduced from US$39.0 million to US$20.0 million, the advance rates on eligible inventory have been capped at a reduced level, certain slow-moving inventories have been deemed ineligible, the minimum availability reserve has been increased to US$5.0 million from US$2.0 million, and certain other post-closing deliveries are required as a condition for further advances. All of the Company's assets, including Becancour Silicon's equity interests in Quebec Silicon, continue to be pledged as security for the Company's obligations under the Credit Agreement.
Timminco also announced today that Investissement Quebec has conditionally agreed to an eight-year extension of the maturity date of the $25.0 million term loan advanced to Becancour Silicon in July 2009, from August 31, 2011 to July 16, 2019, and certain other amendments to such term loan, subject to the Company's execution of a new revolving credit facility by December 1, 2010 in an amount and on terms that are satisfactory to Investissement Quebec. If the conditions for such extension and amendment are satisfied, the term loan would be repayable in monthly installments of $175,000, starting August 2012, and additional annual installments in amounts based on a percentage of Becancour Silicon's defined adjusted cash flow, in respect of periods beginning August 2012. As well, Becancour Silicon would be obligated to remit 50% of any future earn-out payments received from Dow Corning as repayment of any outstanding obligations under such term loan. Investissement Quebec continues to have a charge upon all of Becancour Silicon's assets, subordinated to the obligations of the Company under the Credit Agreement with Bank of America.
We seek Safe Harbor.
OEI.v doing nicely, touched nhod of .18, looks like it wants to bust out, beauty chart
Yup I'm watching it...i actually have a few lower bids in just incase it decided to hit that .45 zone just below and above it
U getting some?
PDPR sitting at a nice support zone, bounce monday
MDL.v just a beauty chart
GNH.v ya, i would just play it for a bounce, but lets see if it goes to .63 first, then .60 then might tank to .50 zone..watching for a fast drop..if it happens, just for a bounce, we'll see if it consolidates a bit at one of those supports
GNH.v been taken down, think this will rebound when bottom finally in, maybe around .6?
CNEX holdign up well, sellers gone, this is poised for a move very soon
CNEX back up after shaking a few more on the pullback, bids starting up again..this wants to move, nice block buys in this stock, looks like they want to run it
CNEX back up after shaking a few more on the pullback, bids starting up again..this wants to move, nice block buys in this stock, looks like they want to run it
CNEX!! hitting the .0012's , lunch time move coming!
CNEX taken down now the bounce,they seem to like to take these subbers down just to bounce, or run them..here we go
Ha ha..that's a good depiction for my personal life as well, lol!
LOL, you know me so well!! Yes of course, I bot it this am, just for a flip, that's usually what I do, already out though at .51 and .52, should of held some like i told myself to do..but its ok, i can try to buy it tomorrow if it looks tempting again.
this red market been draggin lots down so just taking advantage of some opportunities.
gl buddy!
I know, I meant to post a couple of times on your posts just to let u know that 'yes' there are i'm sure some of us who are reading if not at least posting, thanks for your hard work on keeping up the thread!!
Hey INT.v nice move, nice news
thnx!!
LOL. hey HSB, and yes of course I'm in! lol
you been making some nice calls, nice posting!
GBK.v down large on news and trade resumption
SPAH ruond 2 bounce coming, doesnt take much to move it now that they drained it
SPAH on the pullback, will be bouncing soon
SPAH little pullback on this bounce, round 2 coming, back to .01 then to .012
SPAH on the bounce after massive shakedown, she's going back up!!!
ty!
but, its good news right? if it is, then its just sell the news,
and it should eventually rebound imo.
well i got some anyway..we'll see i guess, lol
i think the red market is also having an effect
thanks!
but, its good news right? if it is, then its just sell the news,
and it should eventually rebound imo.
well i got some anyway..we'll see i guess, lol
i think the red market is also having an effect
Isn't that good news?
DANKY bids keep inching up,even on a few sells, just hit .0058 here she goes!
DANKY still down 95% after wild take down, perfect time of day for the bounce play
DANKY..ok, dang, finally looking much better, nice tank job, lol, CSTI been moving up on the bid too
DANKY bounce! finally!!!
yes need CSTI to move
DANKY boucne might be coming soon here, huge take down
DANKY down 92% this may be bottom here, watching for a bounce