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ABCW is substantially below its 10 week simple moving average. Although the moving average is still trending higher, it is likely that it will begin to follow the stock price lower.
Monday, ABCW closed below the trigger point for the Parabolic SAR and is currently registering a bearish signal. The current Significant Point, above which a reversal to the bullish side would occur, is 0.99.
ABCW is trading within its price channel.
The On Balance Volume indicator (OBV) shows that longer term selling pressure has given way to near term accumulation.
The RSI, is currently at 25.23%, below the critical value of 30, which suggests that ABCW is oversold. Although this does not necessarily mean that shares will rally, it is an indication that recent selling pressure is at a level that is not normally sustainable.
ABCW's MACD is indicating a weak bearish signal. Although the indicator is above the critical level of 0, which implies that the underlying moving averages are bullish, the MACD has crossed below its 9-week moving average or signal line. This suggests that positive momentum has begun to slow.
That in particular, was my concern. It seems to me that it is a good quick link. Thank you, for restoring the link.
AVGCF-In a release on May 16, Avion noted first quarter highlights:
-The Company had a net loss of $6.2 million or $0.01 per share, for the quarter as compared to net income of $12.6 million or $0.03 per share for the comparable quarter last year. The loss in earnings is primarily related to: The change in fair value of the call options of $6.4 million, higher operating costs as Avion transitions to underground mining; depletion and depreciation charges of $5.1 million and foreign exchange losses of $3.0 million.
-The Company achieved revenue of $33.0 million for the quarter compared to revenues of $31.8 million for the comparable quarter last year, representing a 4 percent increase.
-Avion produced 26,256 ounce of gold during the quarter after final refinery adjustments at a cash cost of per ounce produced of $898. Please see "Non-GAAP Measures" below. Mining and processing costs were $19.0 million compared to $13.0 million for the comparable quarter last year.
-Production mining at the Tabakoto underground deposit commenced in February. During the first quarter of 2012 approximately 86,000 tonnes of ore was mined from stopes and development headings at an average estimated grade of 5.40 g/t Au.
-During the quarter the Company sold 19,460 ounces of gold at an average realized price of $1,694 per ounce. The build-up of gold inventories at March 31 included gold readily available for shipment and refining of 6,188 ounces. These ounces were sold in April and will benefit the operating profit in the 2nd quarter of 2012.
-The Company generated operating cash flow before working capital adjustments of $4.2 million compared to $15.4 million for the same quarter last year. Net working capital adjustments of $17.3 million contributed to decreased operating cash flows during this quarter versus the same quarter last year.
-The Company completed the quarter having $41.2 million in cash and cash equivalents including working capital of $19.2 million.
-The Company sold call options raising $25 million in February.
Capital Expansion Programs
Expansion plans continued at Tabakoto during the quarter, consisting of the following activities:
-Construction of the haul road from the Dioulafoundou deposit to the Djambaye II deposit was essentially completed.
-The underground portal at the Segala deposit encountered a 2m wide fault zone which halted advance. A shotcrete machine has been purchased and has been set up and to spray concrete onto the tunnel walls to reinforce the workings. It is anticipated that is will take until the end of May before normal advance resumes.
-Construction work to double the Tabakoto plant capacity from 2,000 to 4,000 tonnes per day was progressing well until a military coup occurred on March 21. The plant expansion was on budget and schedule and approximately 80 percent completed on a cost spend basis. The Company reported in early May that it had suspended the mill expansion program due to the effects of the military coup.
Financial Discussion: three months ended March 31,
Avion produced 26,256 ounces of gold during Q1-2012, which is a 30 percent increase compared to the 20,272 ounces produced in Q1-2011. The Tabakoto plant processed 225,729 tonnes of ore at an average grade of 4.02 g/t Au and the average mill recovery for Q1-2012 was 90.2 percent. This compares to Q1-2011 production of 180,800 tonnes of ore at an average grade of 3.64 g/t Au and an average mill recovery of 96.2 percent.
The Company reported a net loss of $6,189,551 ($0.01 per share, basic and diluted) for the three months ended March 31, compared to net income of $12,564,705 ($0.03 per share, basic and diluted) for the three months ended March 31, 2011.
During Q1-2012, the Company sold 19,460 ounces of gold and generated $32,965,385 in gold sales revenue. In Q1-2011, 22,583 ounces of gold was sold generating $31,489,868 in gold sales revenue. Mining and processing costs were $19,048,663 (Q1-2011: $13,017,240), and the Company recorded depletion and depreciation of $5,055,950 (Q1-2011: $1,560,056). The Company is amortizing deferred property, plant and equipment related to the Mali projects on a unit of production basis from the current mine plan. The Company was subject to a 6 percent royalty on metal sales during Q1-2012. Royalties expense totaled $1,977,310 (Q1-2011: $1,473,593) for the ounces of gold sold during Q1-2012. Gold inventories on hand included 6,188 of ounces readily available for shipment and refining at March 31st. These ounces were sold in the first few weeks of April and the sale of these ounces will be reflected in the 2nd quarter results.
The Company realized a cash cost per ounce produced of $898 per ounce for Q1-2012 compared to $462 for Q1-2011. Please see "Non-IFRS Measures" below.
Corporate and administrative expenses totaled $2,309,666 for the quarter ended March 31, compared to $1,067,176 for Q1-2011. The Company incurred higher professional costs during the quarter primarily higher audit costs and costs associated with financing efforts. Consulting and management costs were also higher in Q1-2012 compared to Q1-2011.
Non-cash share-based compensation expense for Q1-2012 was $1,255,264 (Q1-2011: $3,479,773) related to the estimated fair value of stock options that were granted and vested during Q1-2012. A total of 1,700,000 stock options were granted during Q1-2012 compared to 4,455,000 during Q1-2011. Share-based compensation was estimated using the Black-Scholes option pricing model as at the date of grant.
Other gains and losses included a foreign exchange loss of $2,984,000 during Q1-2012 compared to a gain of $1,477,495 during Q1-2011. The Company carried large liabilities denominated in FCFA during Q1-2012 as a result of the loan with Banque Atlantique as well as large accounts payables balances. The FCFA strengthen during the quarter, resulting in a foreign exchange loss.
The Company recorded an unrealized loss on the change in fair value of derivative liabilities of $6,430,979 during Q1-2012 (Q1-2011: $nil). This was in relation to the gold call options sold during the quarter.
Well, In my humble opinion, there have been subtile changes here. Benosufan was kind enough to stickey the Florida SoS, but that used to be availible on the front page. Good Luck to All
West Africa's regional bloc Ecowas has agreed a deal for Mali's coup leader Capt Amadou Sanogo to get the benefits of a former head of state.
These include a salary, a residence and state bodyguards.
Under the deal, interim leader Djouncounda Traore will stay in office for a year - his initial mandate was to expire on Monday.
The coup, and ensuing rebel seizure of northern Mali, have led many thousands of people to flee their homes.
Aid agencies say they are extremely concerned about the humanitarian situation in Mali, which is also suffering from the regional drought.
After meeting Capt Sanogo in the Malian capital, Bamako, Chief Ecowas mediator, Burkina Faso Foreign Minister Djibrill Bassole, also said the coup leader would be able to consult Mr Traore, 70, and his prime minister until new elections are held next year.
Ivory Coast's Minister of African Integration Adama Bictogo told the AFP news agency that the mediation team was "leaving with the feeling that we have accomplished our mission".
Last week, Ecowas threatened to reimpose sanctions against the coup leaders, accusing them of continuing to meddle in the country's politics.
Capt Sanogo seized power in March and led the country for about three weeks, before handing power to Mr Traore, the former speaker of parliament, in the face of intense international pressure and the rapid advance of rebels, whose seized the whole of the north - an area the size of France.
Bamako-based journalist Martin Vogl says that as part of the deal, the government is supposed to focus on recovering the north from a mixture of Tuareg separatists and Islamist fighters.
Some of the groups have links to al-Qaeda's branch in the region, al-Qaeda in the Islamic Maghreb.
Ecowas has said it is preparing to send 3,000 troops to Mali to help the country reclaim its northern territory, but no date has been set for the force to arrive.
GLTY
Is Power Brands still involved with the company?
March 27th According to Kathy Roberton, CEO of TheARN, Power Brands (www.powerbrands.us) was the best possible choice for bottling and branding WynShield Pro because Power Brands teams are experts at building brand awareness and marketing initiatives and have a proven history of success in developing, launching and managing high profile regional, national and international beverage industry brands With a focus on liquid products, Power Brands is considered by many to be the best in the industry and has become the "go to" company for providing a one-stop shop encompassing everything from POS design and development to event marketing, media, websites and channel development.
AVGCF- Record production set, talk of QE3. If Mali gets itself under control, I would think a nice share price, is in the cards. JMO
The West African regional bloc Ecowas has threatened to re-impose sanctions on officers who led a coup in Mali in March, accusing them of blocking a return to constitutional rule.
Ecowas lifted sanctions in April after the coup leaders agreed to hand back power to a civilian government.
But in a statement, the bloc said the junta was still interfering in the country's politics.
Ecowas objects to its plans to replace interim President Djouncounda Traore.
Mr Traore, the speaker of parliament, was sworn in as part of the deal under which the military would return the country to civilian rule.
Coup leader Capt Amadou Sanogo has called for a national convention composed of civil society groups to appoint a new interim government once Mr Traore's term officially ends on 22 May, ahead of fresh elections.
Ecowas wants Mr Traore to continue to lead the interim government for another 12 months.
"Failure on the part of the (junta) and their civilian allies to clearly reaffirm their commitment to the transitional arrangement in the next few days will be met with the immediate reinstatement of the targeted sanctions," the bloc said in a statement.
In March, middle-ranking army officers led by Capt Sanogo toppled President Amadou Amani Toure, accusing him of not doing enough to combat a Tuareg-led rebellion in the north.
After Ecowas imposed sanctions, the coup leaders agreed to start a transition back to civilian rule, and parliamentary speaker Djouncounda Traore was sworn in as interim president.
But the junta is widely thought to have maintained overall control.
It argues that a constitutional provision that says an interim president should only be in power for 40 days means another interim leader should be chosen to lead the country into elections.
I see she and her father were buying up BBCZ (8.6%) at same time. She has 8.5% of this. Whhy is she buying China pennys up? Any thoughts on whats up?
The gold price has been in decline for most of the past two months, since U.S. Federal Reserve Chairman Ben Bernanke gave no signal of the central bank's intention to restart its asset-purchasing programme to increase money supply and keep market interest rates low.
The gold price is on the verge of wiping out all the gains for 2012, with the year-to-date gain reduced to 1.4 percent from as much as 14 percent in late February.
This compares with an 8.4 percent advance in the S&P 500 and gains of nearly 10 percent in Chinese equities and nearly 6.5 percent in crude oil in 2012.
How many times has "company officers" been posted. You would think they could come up with something exciting.
Reuters) - Shares of Avion Gold Corp (AVR.TO) fell to a more than one-and-half-year low after the company halted mill expansion plans at its Tabakoto mine in Mali due to a military coup and said the suspension would affect planned production growth.
The news prompted at least two brokerages to cut their price targets on the stock.
West Africa-focused Avion said if the 4,000-tonne-per-day mill expansion project remains on hold for the rest of the year, production could be cut to 90,000 to 100,000 ounces of gold from 140,000 to 150,000 ounces.
"We believe the ongoing coup in Mali and the potential for a significant reduction in guidance will result in Avion Gold's valuation gap with peers lingering," said analyst Tara Hassan of National Bank Financial (NBF).
Avion holds 80 percent of the Tabakoto and Segala gold projects in the West African country.
Miners with significant operations or exploration projects in Mali include Iamgold Corp (IMG.TO), Cluff Gold Plc (CLUF.L), Randgold Resources Ltd (RRS.L), AngloGold Ashanti Ltd (ANGJ.J) and Gold Fields Ltd (GFIJ.J).
NBF's Hassan lowered her price target on the stock to C$2.10 from C$2.50.
BMO Capital Markets also cut its price target to C$1 from C$1.25.
Avion Gold shares, which have fallen nearly 64 percent in the past six months, were down 57 Canadian cents on Wednesday morning on the Toronto Stock Exchange. The stock touched a low of 54 Canadian cents, making it one of the top losers on the exchange.
Avion Gold Corporation (TSX: AVR)(OTCQX: AVGCF) ("Avion" or the "Company") announces that its mill expansion project has reluctantly been temporarily suspended due to business disruptions associated with the military coup in Mali. Mining and milling operations continue at site with Avion's existing mill. Suspension of the expansion plans is a direct result of some of Avion's contractors demobilizing back to their home bases due to foreign government travel warnings for Mali as well as resultant slowdown of construction supplies moving through customs at Mali's borders. An interim government has been appointed in Mali and is working to re-establish the government ministries. Avion is working with the interim government and the new ministries to return operations and efficiencies to a normal state.
The foreign government travel warnings issued are mostly applicable to the northern half of the country. Avion has taken and is taking prudent precautions to ensure the safety and welfare of its employees at site which is located approximately 350 kilometres from the Capital of Bamako and over 1,000 kilometres from the insurgency in the northern part of Mali.
Andrew Bradfield, Chief Operating Officer at Avion, stated "It is disappointing to have to temporarily halt the mill expansion so close to completion. However, without some of the contactors and upgrade supplies on site we had no choice but to put the project on standby. The suspension of the expansion plans will affect Avion's planned production growth. However, regular supplies and fuel shipments continue to arrive at site, a large amount of consumable inventory exists at the mine, our 2,000 tonne per day mill continues to run well and we are still producing gold. Once the political situation has been resolved, we expect to be able to provide a revised timetable for the completion of the mill upgrade."
The 4,000 tonne per day mill expansion project is approximately 80% complete from a cost spend perspective.
"Management is hopeful that the political situation in Mali will be resolved this year so that Avion can continue with expansion at Tabakoto" stated John Begeman, President and CEO of Avion. "It is unfortunate that Avion has been forced to suspend the mill expansion as this will result in less royalty revenues for the Republic of Mali and lower anticipated production and revenues for the Company."
Avion had previously provided production guidance of between 140,000 and 150,000 ounces of gold. It is difficult for the Company to provide updated guidance until it is known when the government travel warnings will be lifted and the contractors can return to Tabakoto. If the expansion remains on hold for the remainder of 2012, production will be in the order of 90,000 to 100,000 ounces of gold for the year.
Throughout the rest of 2012, Avion will continue to mine from and develop the Tabakoto underground deposit, mine the Dioulafoundou open pit deposit, develop and mine the Djambaye II open pit deposit and develop the Segala underground deposit.
Andrew Bradfield, P.Eng., the Chief Operating Officer of the Company, and a qualified person under National Instrument 43-101, has reviewed and approved the scientific and technical information in this press release.
Yes, not looking good today.
Aquila Resources Inc. (TSX: AQA)(OTCQX: AQARF)(FRANKFURT: JM4A) ("Aquila" or the "Company") announces initial results from the winter drill program at its 100 percent owned Reef Gold project ("Reef") in Marathon County, Wisconsin. The Reef project resides in the world-class Penokean Volcanic belt, which includes Aquila's Back Forty VMS project and Bend Copper-Gold deposit.
Highlighted drill intercepts from the 2012 drill program at Reef include:
-- 7.75 meters of 3.21 g/t gold in R12-26
-- 4.34 meters of 2.02 g/t gold in R12-29
-- 42.15 meters of 0.99 g/t gold in R12-30
-- 18.15 meters of 1.62 g/t gold in R12-30
"We are quite pleased with the progress being made at Reef," said President and CEO Thomas Quigley. "We continue to build on the historic drilling with broad, near surface zones of gold and copper mineralization. The latest round of drilling succeeded in expanding 2010 results and outlined the shallow up dip extension of historic high grade zones, building the framework for a potential open pit resource."
Full results from the first eight holes are presented in the table below:
-----------------------------------------------------------------------
-----
DDH From (m) To (m) Interval Au g/t Ag g/t Cu %
(m)(i)
----------------------------------------------------------------------------
R12-25 21.30 36.47 15.17 1.20 1.82 0.14
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DDH From (m) To (m) Interval Au g/t Ag g/t Cu %
(m)(i)
----------------------------------------------------------------------------
R12-26 43.00 58.50 15.50 1.76 1.72 0.08
----------------------------------------------------------------------------
Including 50.75 58.50 7.75 3.21 2.44 0.11
----------------------------------------------------------------------------
DDH From (m) To (m) Interval Au g/t Ag g/t Cu %
(m)(i)
----------------------------------------------------------------------------
R12-27 61.20 68.05 6.85 0.66 4.81 0.26
----------------------------------------------------------------------------
DDH From (m) To (m) Interval Au g/t Ag g/t Cu %
(m)(i)
----------------------------------------------------------------------------
R12-28 38.10 45.30 7.20 0.60 3.20 0.14
----------------------------------------------------------------------------
DDH From (m) To (m) Interval Au g/t Ag g/t Cu %
(m)(i)
----------------------------------------------------------------------------
R12-29 57.50 61.84 4.34 2.02 3.19 0.18
----------------------------------------------------------------------------
DDH From (m) To (m) Interval Au g/t Ag g/t Cu %
(m)(i)
----------------------------------------------------------------------------
R12-30 20.85 63.00 42.15 0.99 1.32 0.18
----------------------------------------------------------------------------
Including 20.85 39.00 18.15 1.62 1.90 0.23
----------------------------------------------------------------------------
DDH From (m) To (m) Interval Au g/t Ag g/t Cu %
(m)(i)
----------------------------------------------------------------------------
R12-31 89.42 93.38 3.96 0.63 1.98 0.26
----------------------------------------------------------------------------
DDH From (m) To (m) Interval Gold g/t Ag g/t Cu %
(m)(i)
----------------------------------------------------------------------------
R12-32 No Significant Values
----------------------------------------------------------------------------
(i) Reported intervals are drill thickness and do not necessarily
represent true thickness.
The focus was to expand the newly discovered gold zones and test the boundaries of mineralization. To do so the Company drilled along strike to the northeast and adjacent to the undefined eastern margins of known areas of mineralization. Placement of the drill holes allowed Aquila to both extend the boundaries of new gold zones as well as establish continuity between new and historic zones. Drilling intercepted numerous gold-bearing quartz veins and breccia zones.
Last summer the Company drilled 22 diamond drill holes along two 25-meter spaced profiles south of the historical deposit, which resulted in the discovery of multiple near-surface gold zones (see press release dated January 26, 2012). To follow this up the Company completed an additional 2,400 meters spanning 18 holes over the 2012 winter season.
The Company has planned additional work for 2012 including a third round of drilling, a large regional geochemical sampling program and high definition geophysical surveying.
To view the map associated with this press release, please visit the following link: http://media3.marketwire.com/docs/AQA805_2012_Drill_Program.pdf.
(If image above is not viewing correctly, click here to access link directly)
About The Reef Gold Project
Located in Marathon County, Wisconsin, the Reef Gold Project consists of approximately 600 acres of mineral and surface interests covering an area of gold mineralization discovered in the 1970's by Noranda Exploration. Noranda identified eight zones of high grade gold mineralization in a widely spaced, 50-hole drilling campaign, and quoted a non 43-101 compliant resource of 454,600 tonnes of 10.6 grams per ton (g/t) gold, open at depth and along strike. The focus of the Company will be on the bulk tonnage gold potential of the project.
Drilling by Noranda encountered mineralized quartz stockwork/breccia zones ranging from approximately 1 to 12 meters thick. Aquila believes the mineral resource estimate is relevant and is based on a reliable historical report. The Company has acquired and verified Reef drill core for geological characteristics and gold content. For more information on the Reef Project, please refer to the Reef Project section on our website.
About Aquila Resources Inc.
Aquila Resources Inc. (TSX:AQA)(OTCQX:AQARF)(FRANKFURT:JM4A) is a mineral exploration Company focused on the discovery and development of high grade base and precious metal projects in highly prospective regions of North America. The Company is rapidly expanding its presence and moving towards an interest in production on its flagship Back Forty Project through a joint venture with HudBay Minerals Inc. (TSX: HBM)(NYSE: HBM). The Company has also positioned itself for future growth by acquiring new base metal deposits under an Exploration Alliance with HudBay as well as through the acquisition of 100% owned precious metal exploration properties. Leading the way is an experienced management and technical team that have identified significant high grade base and precious metal properties. For more information, please visit www.AquilaResources.com.
Quality Assurance and Quality Control
The core was logged and intersections were marked for sampling and assaying by geologists and geo-technicians employed by Aquila Resources. Each bagged core sample was transported to Minerals Processing Corporation's (a related party to the Company) sample prep lab in Carney, Michigan where it was dried, crushed and pulverized and a 250-gram sample was prepared and split, with one split for assaying at Inspectorate Labs in Sparks, Nevada. Strict sampling and QA/QC protocol are followed, including the insertion of standards and blanks in the sample stream on a regular basis. Sample intervals are typically 1.5 meters. Analytical method for gold is fire assay with atomic adsorption finish and gravimetric finish for samples greater than 3.0 g/t gold. All other elements are analyzed by ICP with silver over limits (greater than 200 g/t) analyzed by fire assay/gravimetric finish and base metal over limits analyzed by AAS.
Assaying integrity is monitored internally with a quality control program, which includes the use of assay sample standards, blanks, duplicates and repeats, and externally through national and international programs. This news release provides core lengths and estimates of vertical thickness only. True widths are not provided. Where metal assays are provided for intersections they are either a single assay of a sample of the entire intersection length or a composite of assays calculated from interval weighted assays over the intersection length.
Thomas O. Quigley is the Qualified Person for Aquila Resources as described in National Instrument 43-101 and is responsible for the contents of this release.
This press release contains certain forward-looking statements. In certain cases, forward-looking statements can be identified by the use of words such as "plans", "expects" or "does not anticipate", or "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward -looking statements. Such factors include, among others, risks related to international operations; risks related to joint venture operations; actual results of current exploration activities; changes in project parameters as plans continue to be refined, future prices of resources; possible variations in reserves, grade or recovery rates, accidents, labor disputes and other risks of the mining industry; and delays in obtaining governmental approvals or financing or in the completion of development or construction activities. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward -looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward - looking statements.
Shares Outstanding: 90,945,168
The Toronto Stock Exchange neither approves nor disapproves the information contained in this News Release.
Contacts:
Aquila Resources Inc. (Toronto)
Robin Dunbar
CFO
416-203-1404
rdunbar@aquilaresources.com
AVGCF is below its 10 week simple moving average. This bearish sign is even more significant because the moving average is also trending lower.
AVGCF is trading near its lower price channel band. This suggests that the stock price is low relative to the action over the last 14 week period.
AVGCF closed below the trigger point for the Parabolic SAR and is currently registering a bearish signal. The current Significant Point, above which a reversal to the bullish side would occur, is 1.46.
The On Balance Volume indicator (OBV) shows that longer term accumulation has given way to near term selling pressure.
The RSI recently crossed above the critical value of 30, which indicates that the selling pressure has lessened and that the internal strength of AVGCF has increased. This is a positive signal and suggests that, at least in the near-term, a bottom has formed.
The MACD for AVGCF currently indicates a strong bearish signal for two reasons. First, the MACD is below the signal line, a 9-week moving average. Second, the MACD is below the critical level of 0, which implies that the underlying moving averages are trending lower.
According to the %R which is currently at -90.07%, below the critical value of -80, AVGCF may be oversold. While this does not signal that shares will begin to rally, it is unlikely that selling pressure can continue at this level.(DMI)
The +DI line is below the -DI line and the ADX is greater than 20. This is a bearish signal that indicates the stock is in a confirmed downtrend
AQARF closed below the trigger point for the Parabolic SAR and is currently registering a bearish signal. The current Significant Point, above which a reversal to the bullish side would occur, is 0.48.
AQARF is trading below its 14 week price channel. This means that the stock is trading at a new low for the period and the price channel will update to reflect that.
The On Balance Volume indicator (OBV) presently offers a bearish signal. This is because the slope of the indicator is negative and suggests that there is a lack of buying interest.
The RSI, is currently at 8.89%, below the critical value of 30, which suggests that AQARF is oversold. Although this does not necessarily mean that shares will rally, it is an indication that recent selling pressure is at a level that is not normally sustainable.
The MACD for AQARF currently indicates a strong bearish signal for two reasons. First, the MACD is below the signal line, a 9-week moving average. Second, the MACD is below the critical level of 0, which implies that the underlying moving averages are trending lower.According to the Williams Percent R
which is currently at -89.52%, below the critical value of -80, AQARF may be oversold. While this does not signal that shares will begin to rally, it is unlikely that selling pressure can continue at this level
COECF is trading above its 10 week simple moving average. This is considered to be the sign of a bullish trend. There is added weight to this indication because the moving average is rising and suggests that there has been buying interest in this stock.
COECF is trading within its price channel. This is a normal condition and suggests that the stock is neither overbought nor oversold relative to the price action over the last 14 week period.
Monday, COECF closed above the trigger point for the Parabolic SAR and is currently registering a bullish signal. The current Significant Point, below which a reversal to the bearish side would occur, is 0.13
The On Balance Volume indicator (OBV) shows that longer term selling pressure has given way to near term accumulation.
The RSI recently dropped to 60.61% from above the critical level of 70. This signals that COECF is no longer overbought and the internal strength of the stock appears to be waning. The Williams Percent R recently dropped to -23.15% from above the critical level of -20. This signals that COECF is no longer overbought and the internal strength of the stock appears to be waning.
COECF's MACD is currently indicating a weak bullish signal. Although the MACD is trending above the signal line, the indicator is still below 0, which suggests that the underlying moving averages are bearish
CanAm Coal Corp. (TSX VENTURE: COE) (OTCQX: COECF) ("CanAm" or the "Company") is pleased to announce that it has raised $282,900 through the exercise of 1,886,000 warrants with an exercise price of $0.15. The warrants were associated with a 2010 round of financing and 77% of warrants expiring on April 28, 2012 were exercised. Proceeds will be used for general operating purposes.
"We are extremely pleased with the continued support of our existing shareholders", said Tim Bergen, CEO of CanAm
Mali junta forces hunt down counteGunfire has been heard in Mali's capital Bamako for a third day as junta patrols hunt down soldiers who had tried to stage an counter-coup.
Panicking residents fled the city centre - but there has been no fresh fighting, a junta spokesperson said.
The shots were fired into the air to break up a student protest, according to Bakary Mariko.
Fighting broke out on Monday after reports that leaders of the anti-junta presidential guard would be arrested.
'Footballers stranded'
Students, many of whom opposed the coup in March that toppled President Amadou Toumani Toure, took to the streets after rumours spread that their student leader had been killed by the junta.
Mali's interim Prime Minister Cheick Modibo Diarra went on TV state to deny the rumours and the protesters quickly dispersed after warning shots by soldiers loyal to junta leader Capt Amadou Sanogo.
"The rumour was spread just to get masses of students onto the streets and to take advantage of the confusion that would create," Mr Diarra said.I'm asking all students to stay at home the next few days until we can determine exactly what is going on."
The junta says they are fully in control of the city - after two days of fighting in which 14 people died and some 40 people have been wounded on both sides of the conflict.
The fighting has also delayed the return home of football teams from Egypt and Nigeria, who had been playing in Mali.
Bamako-based journalist Martin Vogl told the BBC the junta is patrolling the city, still trying to round up all members of the "Red Berets" presidential guard who on Monday attacked the state broadcaster, the airport and tried to head for the junta headquarters.
So far, 140 "Red Berets" have been arrested, Mr Mariko says, adding that "there are patrols going on and there may be some warning shots and testing of weapons but that is all".
"Everyone involved, no matter to what extent, in this odious act against the Malian people will be tracked down and brought before the competent jurisdictions," a junta statement on Tuesday read.
Martin Vogl says that while the presidential guard was the section of the army which was least supportive of the coup, there is no sense that they are now trying to bring back former President Toure, who has fled to neighbouring Senegal.
The 22 March coup was led by soldiers who accused former President Toure of failing to combat an insurgency by rebels in the north of the country.
They took advantage of the unrest to make rapid advances, seizing control of the three northern provinces of Timbuktu, Kidal and Gao - a mostly desert area the size of France.
The rebels are a combination of ethnic Tuareg separatists and Islamists, who want to impose Islamic law across the whole country.
Capt Sanogo's military council officially stepped aside on 12 April but it still wields considerable influence - and holds three cabinet posts in Mali's interim government.
The coup leaders oppose Ecowas plans for interim President Traore to stay in power for a year while organising elections.BBC
Yes I was suggesting that.
Yes, things have happened to this site. There used to be a link to sunbiz to see filings, its gone now. 50 million was subtracted from the A/S, until it was asked about. New accounts seeing,much to come.
AVGCF
Mali coup leader rejects Ecowas troop deployment
Capt Sanogo said the military should decide who runs Mali after 40 days Continue reading the main story
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The leader of last month's coup in Mali has rejected the West African decision to send troops to the country.
Captain Amadou Sanago said the military had not been consulted by the regional grouping Ecowas.
The coup leaders handed power to an interim civilian government earlier this month.
A meeting between Ecowas mediators and the interim government was disrupted by soldiers shouting "Down with Ecowas" and cocking their guns.
They only backed down when Capt Sanago left the meeting to tell them to disperse.
The military leaders are unhappy about Thursday's decision by Ecowas heads of government to send at least 3,000 soldiers to Mali.
Their planned deployment was designed to help secure the transition back to civilian rule, and help the government defeat rebels who now control the northern half of the country.
Officers led by Capt Sanogo seized power on 22 March, accusing the elected government of not doing enough to halt the rebellion in the northern desert region.
Powerful military
They agreed to hand over power to a civilian government on the understanding it would hold fresh elections within 40 days.
But the military is unhappy after Ecowas said the interim government should have up to a year to organise fresh elections.
Continue reading the main story
Mali crisis: Who's who?
Why West Africa cannot break its drug habit
The country's interim president Dioncounda Traore was at the Ecowas meeting.
Capt Sanago told reporters after the meeting that it was up to the military to decide what institutions run the country after the end of the 40-day period.
He did not make clear whether elections would then be held.
The BBC's John James in neighbouring Ivory Coast says it seems the coup leaders still exercise considerable power and fear any Ecowas deployment would threaten their position
AQARF closed below the trigger point for the Parabolic SAR and is currently registering a bearish signal. The current Significant Point, above which a reversal to the bullish side would occur, is 0.49.
AQARF is trading near its lower price channel band. This suggests that the stock price is low relative to the action over the last 14 week period.
The On Balance Volume indicator (OBV) presently offers a bearish signal. This is because the slope of the indicator is negative and suggests that there is a lack of buying interest.
The RSI, is currently at 16.57%, below the critical value of 30, which suggests that AQARF is oversold. Although this does not necessarily mean that shares will rally, it is an indication that recent selling pressure is at a level that is not normally sustainable.
The MACD for AQARF currently indicates a strong bearish signal for two reasons. First, the MACD is below the signal line, a 9-week moving average. Second, the MACD is below the critical level of 0, which implies that the underlying moving averages are trending lower.
According to the Williams %R which is currently at -85.18%, below the critical value of -80, AQARF may be oversold. While this does not signal that shares will begin to rally, it is unlikely that selling pressure can continue at this level.
The ADX is below 20 which signifies that AQARF is not trending. Therefore the Bearish signal provided by the Directional Movement Index is not confirmed and it is too early to act solely based on this indicator.
I'm not sure how to put up the link, but it is on SEDAR. Nov 29 2010 Im looking at it now. Im glad you're looking into it. I was in DGRI a long time ago and remember you from there. A sceptical eye would be good. This is part of it for some reason I can only copy one page at a time. Resource classification strategy included estimation parameters used in the estimate based on the gold
variorams, and also took into account the assumption that the majority of the deposit would be extracted
by open pit methods with little possibility for selectivity relative to the model’s block size. Blocks graded
within the ranges corresponding to the Au variogram sill with the minimum 8 samples (maximum 24)
were classified as Measured. Those graded with ranges at twice the distance as those Measured were
classified as Indicated, and blocks neither Measured or Indicated were classified as Inferred. Some
continuity was given to classification by generating two volumes encompassing the majority of blocks
meeting either the Measured or Indicated criteria. All blocks captured within each of these envelopes
then was assigned the appropriate classification.
MINERAL RESOURCE STATEMENT* – BACK FORTY DEPOSIT
OCTOBER 15, 2010. GOLDER ASSOCIATES, MISSISSAUGA
Classification
Tonnes
(millions) Variance
Gold
(g/t)
Silver
(g/t)
Copper
(%)
Zinc
(%)
Open Pit †
Measured 14.1 1% 1.59 16.97 0.15 2.54
Indicated 2.1 5% 1.53 32.8 0.41 1.17
Meas.+Ind. 16.2 1% 1.58 19 0.18 2.36
Inferred 1.4 7% 1.4 32.89 0.62 1.0
Underground ‡
Measured 0.8 0% 1.67 25.83 0.24 3.45
Indicated 0.9 0% 1.28 24.72 0.34 2.85
Meas.+Ind. 1.7 0% 1.46 25.23 0.29 3.13
Inferred 2.0 -18% 1.22 18.34 0.32 2.64
Combined Open Pit and Underground
Meas.+Ind. 17.9 1% 1.57 19.6 0.19 2.44
Inferred 3.4 -6% 1.31 25.17 0.46 1.87
*Mineral resources are not mineral reserves and do not have demonstrated economic viability. All figures have been rounded to reflect the
relative accuracy of the estimates. The cut-off grades are based on metal price assumptions of US$0.95 per pound zinc, US$2.50 per pound
copper, US$0.59 per pound lead, US$900 per troy ounce gold and US$15.00 per troy ounce silver. Metallurgical recoveries were determined and
used for each of eight metallurgical domains determined for the deposit.
† Cut off grades for each of six metallurgical domains based on NSR values, average cut-off grade for open pit resource contained within an
optimized pit shell US$20.
‡ Cut off grades were determined for each of five metallurgical domains based on NSR values, average cut-off grade for underground resources
outside of an optimized pit shell is US$62.
AVGCF is trading within its price channel. This is a normal condition and suggests that the stock is neither overbought nor oversold relative to the price action over the last 14 week period. The current Significant Point, above which a reversal to the bullish side would occur, is 1.54.
The On Balance Volume indicator (OBV) shows that longer term accumulation has given way to near term selling pressure.
The RSI recently crossed above the critical value of 30, which indicates that the selling pressure has lessened and that the internal strength of AVGCF has increased. This is a positive signal and suggests that, at least in the near-term, a bottom has formed.
The MACD for AVGCF currently indicates a strong bearish signal for two reasons. First, the MACD is below the signal line, a 9-week moving average. Second, the MACD is below the critical level of 0, which implies that the underlying moving averages are trending lower.
The Stochastic Oscillator is registering a weak bullish signal as the %K has crossed above the %D. However, the oscillator is currently below the critical value of 20, indicating AVGCF as oversold. An oversold condition suggests that the recent downwards momentum may not be sustainable. The oscillator moving above 20 will increase the bullishness of this signal.
The +DI line is below the -DI line and the ADX is greater than 20. This is a bearish signal that indicates the stock is in a confirmed downtrend.
According to the %R which is currently at -81.98%, below the critical value of -80, AVGCF may be oversold. While this does not signal that shares will begin to rally, it is unlikely that selling pressure can continue at this level.
AVGCF- Not bad up .14 in two days
Sold 3-28 @ .152 was going to hold till report, but bailed. Yes, lost money, wasnt a real lot, win some lose some. Still trying to do DD, as you are, just in case. GLTY
Yes I'm aware. Just keeping an eye on the company on the off chance I can make a buck. I held through the split, didnt work out so well.
I'm just small buyer. 1100 now will add another 1500 or so to AVG down
ABCW is trading above its 10 week moving average. This is considered to be the sign of a bullish trend. There is added weight to this indication because the moving average is rising and suggests that there has been buying interest in this stock.
The On Balance Volume indicator (OBV) presently offers a bullish signal. This is because the slope of the indicator is positive and suggests that there is considerable buying interest.
The RSI recently crossed above the critical value of 30, which indicates that the selling pressure has lessened and that the internal strength of AQARF has increased. This is a positive signal and suggests that, at least in the near-term, a bottom has formed.
AVGCF-The RSI, is currently at 19.68%, below the critical value of 30, which suggests that AVGCF is oversold. Although this does not necessarily mean that shares will rally, it is an indication that recent selling pressure is at a level that is not normally sustainable.
COECF closed above its 10 week moving average. This is generally considered to be an indication of a bullish trend..Price Channel
COECF has been relatively stable recently. This is evidenced by the width of its price channel which is tighter than is normal due to the low volatility. Additionally, COECF is trading within its price channel. This is a normal condition and suggests that the stock is neither overbought nor oversold relative to the price action over the last 14 week period.
COECF closed above the trigger point for the Parabolic SAR and is currently registering a bullish signal. The current Significant Point, below which a reversal to the bearish side would occur, is 0.13
The On Balance Volume indicator (OBV) shows that longer term selling pressure has given way to near term accumulation.
Well, that doesnt seem to be good news
You're welcome. Let us know what you find. Thanks
Affordable Transmission, out of Brooklyn Park, MN has the ARN on their site.