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Usually how it works. Gets everyone's juices flowing.
Heading towards the 50 MA. Get your bids in!
Face it cookie, you can stick a fork in pybx, it's done.
Stick a fork into ssyo, its done.
This stock blows. Glta
I'm outta here too. This stock blows. Glta.
Would be nice to close above the 20.
Dahlman Rose & Co. to Host 2nd Annual Emerging Miners CEO Conference
Dahlman Rose & Company, LLC, a leading investment bank specializing in natural resources, transportation, and other industries in the global commodity supply chain, will host its 2nd Annual Emerging Miners CEO Conference on January 11-12, 2011, at the Plaza Hotel in New York City. The two-day conference will feature presentations by executives from leading global emerging mining companies.
"We are pleased to host our Second Annual Emerging Miners CEO Conference," said Simon Rose, Chief Executive Officer of Dahlman Rose & Co. "This event will provide investors with a unique opportunity to gain valuable insight from top executives on key issues currently impacting emerging metals and mining companies as well as future industry trends."
The format of the conference will consist of presentations by attending companies as well as one-on-one meetings. In addition, Frank Holmes, Chief Executive Officer and Chief Investment Officer of U.S. Global Investor Funds, will serve as the event's keynote speaker on the afternoon of January 11. Rob McEwen, Chief Executive Officer of US Gold, will provide the keynote address on the afternoon of January 12.
Presenting companies currently include: Allied Nevada Gold (AMEX: ANV), Anatolia Minerals (TSX: ANO), Chesapeake Gold (TSX-V: CKG), Detour Gold (TSX: DGC), ECU Silver Mining (TSX: ECU), Extorre Gold Mines (TSX: XG), Fronteer Gold (AMEX: FRG), Gabriel Resources (TSX: GBU), Goldgroup Mining (TSX: GGA), Golden Minerals (AMEX: AUMN), Guyana Goldfields (TSX: GUY), HudBay Minerals (NYSE: HBM), International Minerals (TSX: IMZ), International Tower Hill Mines (AMEX: THM), NovaGold Resources (AMEX: NG), Pan American Silver (Nasdaq: PAAS), Paramount Gold & Silver (AMEX: PZG), Premier Gold Mines (TSX: PG), Pretium Resources (TSX: PVG), Rainy River Resources (TSX-V: RR), Rubicon Minerals (AMEX: RBY), San Gold (TSX: SGR), Seabridge Gold (AMEX: SA), Silver Standard Resources (Nasdaq: SSRI), Taseko Mines (AMEX: TGB), Victoria Gold (TSX-V: VIT), Vista Gold (AMEX: VGZ) and Yukon-Nevada Gold (TSX-V: YNG).
Adam Graf, CFA, a Director in Dahlman Rose's Equity Research department covering the Precious Metals and Emerging Miners sectors, stated, "Our Emerging Miners CEO Conference provides an attractive forum for investors seeking to gain greater exposure to mining assets. By featuring the top CEOs in the industry, our institutional clients will be able to expand their relationships and further their knowledge in this distinct asset class."
Gold keeps on dropping. I already miss 2010 :(
Gold Resource Corporation (GORO) to ring the opening bell on the NYSE Amex Thursday January 13, 2011. Gold Resource Corporation is a low-cost gold producer with operations in southern Mexico.
Gold Resource Corporation’s President, Mr. Jason Reid, stated, “We are pleased to have moved our trading platform to the NYSE Amex as part of the Company’s logical progression as a publically traded precious metals producer. This new listing has provided greater market exposure, increased liquidity and additional long-term shareholder value.”
Scott Cutler, NYSE Euronext Executive Vice President said, "We look forward to partnering with Gold Resource Corporation on NYSE Amex, the premier U.S. equities market for listing and trading small- and mid-cap growth companies, and to providing the highest levels of market quality to the company and its shareholders."
Gold Resource Corporation provides unique exposure to the gold space having recently initiated commercial production July 1, 2010. The Company is focused not only on its aggressive growth profile, but on adding low-cost ounces and its potential to distribute meaningful dividends. Using cash flow from operations the Company paid $0.03 per share each month since July 1, 2010 and recently declared its sixth Special Cash Dividend in as many months of commercial production. The sixth Special Cash Dividend increased the total dividends declared in 2010 to $0.18 per share.
Gold Resource Corporation (GORO) (NYSE Amex: GORO) to ring the opening bell on the NYSE Amex Thursday January 13, 2011. Gold Resource Corporation is a low-cost gold producer with operations in southern Mexico.
Gold Resource Corporation’s President, Mr. Jason Reid, stated, “We are pleased to have moved our trading platform to the NYSE Amex as part of the Company’s logical progression as a publically traded precious metals producer. This new listing has provided greater market exposure, increased liquidity and additional long-term shareholder value.”
Scott Cutler, NYSE Euronext Executive Vice President said, "We look forward to partnering with Gold Resource Corporation on NYSE Amex, the premier U.S. equities market for listing and trading small- and mid-cap growth companies, and to providing the highest levels of market quality to the company and its shareholders."
Gold Resource Corporation provides unique exposure to the gold space having recently initiated commercial production July 1, 2010. The Company is focused not only on its aggressive growth profile, but on adding low-cost ounces and its potential to distribute meaningful dividends. Using cash flow from operations the Company paid $0.03 per share each month since July 1, 2010 and recently declared its sixth Special Cash Dividend in as many months of commercial production. The sixth Special Cash Dividend increased the total dividends declared in 2010 to $0.18 per share.
Delays delays delays. Gotta know it's coming in the mining industry
Nice! didn't know that. Merry chrstmas o
I like rubicon. Played it awhile back when goro was super cheap. Rubicon was at buck. Mcewen was huge shareholder now out of picture. Still love the property. Costs will be higher than here though and share structure isn't nearly as good as goro but I'm a holder.
Bill ain't no grinch ; )
merry Christmas
Pybx. Merry Christmas.
Thats the biggest line of bull posted here in a while. Merry Christmas grants_aor. Filing coming Wednesday, GUARANTEED! Merry Christmas to all and to all a good night.
Hey mike, have fun in Belize.
Well, if news is coming, I'd release it on Monday. Good night. Go GORO!!!!!!!!
PR? What's going on guys? You and Orion both got that feeling, eh?
i may bid some 2s ama33
Buy PYBX. Take care.
bounce off the 20?
lookin for some 90s by years end. keepin fingers crossed
lets see if the 20ma holds. could see a bounce off the 50 full stochs. we shall see.
SSYO has remained CE all year long. There have been numerous tier changes on pinksheets but you'll notice the skulls and bones has never been removed.
http://www.otcmarkets.com/pink-sheets/marketActivity/otc-tier-changes?search=ssyo&searchType=symbol
btw-all the volume this week is hilarious. If I had the time, I wouldn't be allowing it to happen. Heck, a simple 1 million share order at 0020 ends it all but I'll let whoever is trying to grab cheap shares to continue their futile attempt. Hopefully they're having fun.
Enjoy your weekend and happy holidays all.
7 trading days til the 29th. Merry Christmas to all if I'm not around next week. Have a good weekend. Take care.
I love this stock!!!! Weeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee : )
ZZZZZZZZZZZZZZZZZZZZ. Hope ur right though. Got lots of cheapies.
Lots of deals happening in James Bay Region:
Galaxy Resources to Acquire James Bay Project from Lithium One
Lithium One Inc. (TSX VENTURE:LI), has reported that it has signed a Memorandum of Understanding ("MOU") with Galaxy Resources Limited (ASX:GXY) of Australia, under which Galaxy can acquire up to 70% of the James Bay lithium pegmatite project in Quebec through an earn-in and joint venture agreement. Subject to the necessary approvals, the Company expects to close this transaction with a Definitive Agreement before Dec 24, 2010.
Under the terms agreed in the MOU, Galaxy will initially acquire 20% of the James Bay Project for a cash payment of C$3 million. Galaxy may earn up to 70% through the completion of a Definitive Feasibility Study ("DFS") within a 24 month period, including a committed investment of at least C$3 million in the next 12 months.
Lithium One President and CEO Patrick Highsmith remarked on the benefits of the agreement: "Lithium One is pleased to be working with one of the world's most aggressive developers of hard rock lithium assets. Having recently commissioned their Mt. Cattlin Mine in Western Australia, Galaxy has demonstrated its ability to develop a hard rock lithium deposit and successfully market the production. This agreement with Galaxy brings hard rock experience together with strong connections in the lithium marketplace to fast track the development of the James Bay project, while Lithium One continues to develop the core Sal de Vida lithium brine project in Argentina. Entering into this arrangement with Galaxy also means that both the Sal de Vida and the James Bay projects are now funded through to completion of feasibility by our joint venture partners."
As part of the feasibility study to be undertaken, Galaxy will evaluate the most suitable location for a battery grade lithium carbonate plant either in Quebec or in Jiangsu, China, where its first lithium carbonate plant is currently under construction. The James Bay project has similar geology and physical characteristics to Mt. Cattlin, so the proposed operational scale and process designs are expected to be similar, which should assist with fast tracking the feasibility study.
Galaxy Resources Managing Director, Iggy Tan, commented on the similarities and synergies of the James Bay and Mt. Cattlin projects: "Galaxy expects to be able to fast track the development of this project by using the same capacity and design of the plants constructed at Mt Cattlin and Jiangsu. Preliminary test work shows that the James Bay spodumene is comparable in its coarse particle size to the Mt Cattlin ore. This lends itself to similar processing and upgrading methods to those adopted at Mt Cattlin, where simple crushing and heavy media separation are used to produce a 6% lithium oxide spodumene product."
The James Bay Project is a significant lithium resource in northwestern Quebec. Lithium One announced a NI 43-101 compliant mineral resource last month (see Company news release dated November 18, 2010). Applying a 0.75% lithium oxide cutoff grade, the mineral resource includes 11.75 million tonnes at 1.30% lithium oxide in the indicated category, and 10.47 million tonnes at 1.20% lithium oxide in the inferred category. The resource was described by SRK as likely amenable to open pit extraction and as having potential for an increase in both tonnes and grade with further drilling.
Subject to approvals and execution of the Definitive Agreement, the key parameters of the proposed transaction are:
Initial acquisition of 20% of the James Bay lithium pegmatite project for a C$3 million cash payment;
Upon Galaxy fulfilling its obligation to spend a minimum of C$3 million within a 12 month period towards the DFS, Galaxy will earn a further 31%, increasing its ownership to 51% of the James Bay project;
Once Galaxy completes a DFS, within a maximum 24 month period from execution of the Definitive Agreement, Galaxy will earn a further 19%, increasing its ownership to 70% of the James Bay project;
The DFS will include metallurgical test work, engineering design, capital and operating cost estimation for a mine and concentrating plant at the James Bay project location;
In addition, the DFS will include lithium carbonate conversion test work, design and costing of a 17,000 tpa battery grade lithium carbonate plant in either Quebec, Canada, or near the Jiangsu lithium carbonate plant in China, which is currently under development.
On completion of the DFS, both parties will be responsible for their respective equity interests of the project capital costs;
If Galaxy earns at least a 51% interest, Galaxy will have 100% exclusive marketing rights for all products from any future operation at James Bay except for any sales concluded with parties with whom Lithium One has already commenced discussions.
The transactions contemplated by the MOU are subject to customary conditions including, without limitation, the execution of the Definitive Agreement and the approval of the TSX Venture Exchange. The date for the completion of the Definitive Agreement for the transaction is expected to be December 24, 2010; however, there is no certainty that the parties will be able to successfully negotiate the Definitive Agreement or complete the transaction.
Exploration
La Grande River, near Radisson, Quebec.
Between 1950 and 1959, a team led by H. M. Finlayson conducted water surveys of the Nottaway, Broadback and Rupert Rivers—collectively known by the abbreviation NBR—on behalf of the Shawinigan Water & Power Company, a large investor-owned utility based in Shawinigan, Quebec.[6] Among options studied by Shawinigan's engineers was the possible diversion of these rivers to the Saint-Maurice River watershed in order to increase output at the company's 8 power stations.[7]
With the nationalization of privately-owned utilies in 1963, Hydro-Québec inherits the preliminary studies conducted by Finlayson and his team on the hydroelectric potential of James Bay rivers.[8][9] However, other projects, such as the Manicouagan-Outardes project on the North Shore and the possibility of building a large power station at Churchill Falls in Labrador prove easier and less expensive and the Crown corporation devote only mimimal resources to the vast potential of northern rivers. In 1965, Hydro-Québec survey program includes exploration of the territory and hydrographic surveys of areas between the 52th and 55th parallel.[10]
In 1967, the company steps up the work on the La Grande and Eastmain rivers. Dozens, then hundred of people are sent by helicopter and seaplanes in inaccessible areas of the taiga to perform surveys and geological studies to identify potential sites for hydropower development.[11] Faced with budget concerns, Hydro-Québec did cut back exploration budgets between 1968 and 1970, but the company maintained planning and analysis work, since early data showed a large potential for development.[12]
Maybe next year.
The James Bay region, also known as Jamésie, is a 350,000 km2 (135,136 sq mi) territory, bordered by the 49th and 55th parallels, James Bay on the western side and by the drainage divide with the Saint Lawrence River basin on the eastern side.[3] The topography of the area consist of generally low relief areas and includes three parts: a 150 km (93 mi) coastal plain, a rolling plateau with a maximum elevation of 400 m (1,300 ft)[3] and the Otish Mountains to the east of the territory, with peaks reaching 900 to 1,100 m (3,000 to 3,600 ft).[4]
The area is part of the Canadian Shield and is largely made up of Precambrian igneous and metamorphic rocks. Relief has been eroded by successive glaciations in the Pleistocene era, as recently as 6,000 years ago, leaving depositions of loose materials: moraines, clay, silt and sand and reshaped the hydrography of the territory.[3]
The natural seismicity of the area is low. An earthquake of magnitude 5 on the Richter scale occurred in 1941, its epicenter located approximately 150 km from the La Grande-3 generating station. However, episodes of induced seismicity occurred during the initial fill of reservoirs. In 1983, a 4 magnitude tremor was recorded 50 km (31 mi) upstream of LG-3's main dam.[5]
The region's climate is subarctic. Winters are long and last, on average, from October 22 to May 4.[5] Summers are short and mild, with temperatures averaging 13.6 °C (56.5 °F) in July, while dropping to -22.9 °C (-9.2 °F) in January. Annual precipitation average 765 mm (30.1 in), a third in snow. Highest monthly rainfalls are registered in the summer and snow depth varies from 50 to 100 cm (20-40 in) in the winter. Precipitations are significantly lower than the annual average of 1,050 mm (41 in) recorded in Montreal.[3]
Today is a new day America.
General Motor's (NYSE: GM) sold its first Chevy Volt today to Jeff Kafee today in Denville, NJ. It's the first electric car from an American company ever.
The price of the car is $42,000 and will get around 60 miles per gallon.
This is a tremendous day for American manufacturing and is a major sign that GM is back on its way to being a profitable, sustainable, company in the near and long term in this country.
Remember the saying: What's good for GM is good for America.
Electric cars a boost to lithium
TALISON Lithium expects demand for the metal to triple, spurred by a new generation of electric and hybrid vehicles.
However, it warns that production costs and low prices could crimp global output as smaller rivals struggle to meet costs.
Smaller miners trying to tap growing demand for lithium might struggle to "fund themselves and to profitably operate in the current price scenario", chief executive Peter Oliver said.
Perth-based Talison is the world's biggest lithium miner.
Demand for the soft, silver-white metal has grown by 5.5 per cent a year over the past decade, driven mainly by its increased usage in batteries for mobile phones and hand-held computers.
However, its growing use in electric vehicles could see the market "double or triple in the foreseeable future", Mr Oliver said.
"The only question is the timing," he said.
Vehicle makers including Toyota, Daimler and BMW are testing a new generation of lithium-ion batteries that are cheaper and last longer than previous systems, allowing the development of a new generation of electric and hybrid vehicles.
China is racing to become a major player in the sector too. BYD's plans to market electric cars in the US and China tempted billionaire Warren Buffett to buy the stock.
Demand for lithium-ion batteries could more than triple to $US60 billion over the next 10 years, according to Sanyo Electric. Separately, JD Power & Associates estimates that hybrid and electric vehicles will account for about 7.3 per cent of global sales by 2020.
Lithium prices shot up to a peak of $US5500 a tonne in 2008 but weakened with the onset of the global financial crisis. Lithium now sells for about $US4500 a tonne in China, according to Mr Oliver.
South America is the world's biggest source of lithium but the metal is also produced in the US, China and Australia.
Talison, which recently expanded its Greenbushes mine in Western Australia, is in the early stages of going global. In September, it completed the acquisition of Salares Lithium, which is developing a lithium mine in Chile.
Shares in Talison traded on the Toronto Stock Exchange have doubled in value over the past year to $C6.60.
In Australia, Talison recently completed an expansion of its Greenbushes mine, boosting output by 20 per cent, and is planning a further upgrade next year to lift the mine's capacity to 62,000 tonne a year.
Mr Oliver said the company had ordered key equipment for the next phase of expansion at the mine, which is expected to cost about $US20 million to develop. Talison sold more than 250,000 tonnes of lithium concentrate in the fiscal year to June 30, mostly to Chinese battery makers.
20 MA = $25.69 first support. 50 MA = $23.53 second support.
Rubicon Minerals Exploration Team Awarded the AME-BC, Colin Spence Award for Excellence in Global Mineral Exploration
Rubicon Minerals Cor (AMEX:RBY)
Intraday Stock Chart
Today : Wednesday 15 December 2010
Rubicon Minerals Corporation (RMX:TSX | RBY:NYSE-AMEX) ("Rubicon") is pleased to announce that its Phoenix Gold Project exploration team, led by CEO, David Adamson has been awarded The Association for Mineral Exploration, British Columbia (AME-BC), 2010 Colin Spence Award. This prestigious honour is given for their role in the discovery and development of the F2 Gold Deposit in Red Lake, Ontario. The team consists of: David Adamson, President and CEO, Matthew Wunder, VP-Exploration, Ian Russell, Terry Bursey and Crystal McCullough.
Quoting from the AME-BC news release dated December 14, 2010:
"David Adamson, Matthew Wunder, Ian Russell, Terry Bursey, and Crystal McCullough (The Rubicon Team) of Rubicon Minerals Corporation are awarded the 2010 Colin Spence Award for excellence in global mineral exploration. They are acknowledged for their technical expertise and perseverance in evaluating and recognizing favourable lithologic and structural elements, and then applying the Red Lake deposit model within the geologic framework of the Phoenix Gold Project in the Red Lake Gold Camp to define the potential target that led to the discovery of the high-grade F2 Gold Zone."
President and CEO and co-recipient David Adamson said: "On behalf of our entire team, I wish to acknowledge the great honour of receiving this award recognizing our discovery in Red Lake. The discovery is testament to the persistence of a technically focused and talented group of explorationists which it is a privilege to work with."
Previous recipients of the award include Ross J. Beaty, Roman Shklanka, Charles Forster and Mark Rebagliati.