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By the way, the new name of the company is PERMANENT TSB after the sale of the Irish Life Division.
Insider buys: http://canadianinsider.com/node/7?ticker=CSQ
New Geologist from Barrick Gold
Canamex Announces Appointment of Chief Geologist to Manage Drilling and Geology of the Bruner Gold Project, Nye County, Nevada
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 18, 2012) - Canamex Resources Corp. (TSX VENTURE:CSQ)(OTCQX:CNMXF)(FRANKFURT:CX6) is very pleased to announce the appointment of Dr. Ellen D. Leavitt, Ph.D., as Chief Geologist for Canamex Resources US, Inc. Dr. Leavitt is a veteran exploration geologist with over 30-years of experience in exploration for precious and rare earth metals, primarily in the western United States. Dr. Leavitt completed her doctoral dissertation at University of Nevada-Reno on the geology of the Ken Snyder (Midas) high-grade volcanic hosted epithermal gold-silver vein deposit located in northern Nevada. The Ken Snyder (Midas) deposit is one of the premier high-grade gold-silver deposits in Nevada that was mined by Franco-Nevada, beginning in 1999, followed by Normandy Mining, and then Newmont; Midas contained an original mineable reserve of 3 million ounces of gold and 35 million ounces of silver.
Dr. Leavitt was Chief Geologist - REE for Rare Element Resources in 2011, and from 2010 - 2011 supervised the accelerated and extensive exploration drilling program on Rare Element's rare earth deposit in eastern Wyoming. Most recently she has been a consulting geologist to Barrick on the exploration and development drilling project, Spring Valley, a porphyry-hosted gold deposit located north of Lovelock, Nevada.
"We are very pleased to have Ellen Leavitt decide to join Canamex to form the nucleus of the geologic team that will focus on the drilling and advancement of the Bruner Gold Project", stated Greg Hahn, President and Chief Operating Officer. "I am very excited to join Canamex at this early but pivotal stage in the exploration and advancement of the Bruner Project, particularly with the exceptional intercept at the Penelas East target in drill hole B-1201 and the potential that this intercept may have in revealing a significant gold deposit beneath the alluvial cover. This is an opportunity I couldn't pass up," stated Dr. Leavitt.
Dr. Leavitt will join the Company the first week of October and take control of the drilling program currently in progress. Dr. Leavitt is a Certified Professional Geologist and Qualified Person under NI 43-101.
Bruner Drilling Recommences:
The Company has mobilized a drill rig to the project and commenced drilling September 17th on the East Penelas target, with the first holes being drilled immediately below the exceptional intercept in hole B-1201.
Greg Hahn, Certified Professional Geologist (#7122) is the Qualified Person who has prepared and reviewed this press release in accordance with NI 43-101 reporting standards.
ON BEHALF OF THE BOARD
Gregory A. Hahn, President and COO
Forward-Looking Statements:
This note contains forward-looking statements regarding future events and Canamex's future results. These statements are based on current expectations, estimates, forecasts, and projections about the industry in which Canamex operates and the beliefs and assumptions of Canamex's management. Words such as "expects", "anticipates", "targets", "goals", "projects", "intends", "plans", "believes", "seeks", "estimates", "continues", "may", variations of such words, and similar expressions, are intended to identify such forward-looking statements. In addition, any statements that refer to projections of Canamex's future financial performance, Canamex's anticipated growth and potentials in its business and other characterizations of future events or circumstances are forward-looking statements. Readers are cautioned that these forward-looking statements are only predictions and are subject to risks, uncertainties, and assumptions that are difficult to predict, including those identified elsewhere herein and Canamex's filings on www.sedar.com. Therefore, actual results may differ materially and adversely from those expressed in any forward-looking statements. Canamex undertakes no obligation to revise or update any forward-looking statements for any reason.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
As a shareholder I feel like I'v been ROBBED. That's it, no more to say.
In my opinion it's not so easy as it seems. A few years ago Pennystocks were much easier to predict, but nowadays I feel like someone tries to make it as hard as possible for the shareholders.
Just because it was bouncing up and down before, it's not sure it will happen again. My doubts are there, because it looks so predictable and it's always dangerous when it looks too predictable.
I bought my KLDO-shares a couple of weeks ago at a much higher price. Well, I only risked a few hundred Dollars and might be loosing them. Hope not!
Let's buy the whole company. Ridiculous Market cap !
In my view this is far from bottom play for Eastman Kodak. I was invested earlier and got out before bankruptcy filing, which was right. Think back at WaMu and how much deeper the real bottom turned out to be, when everybody (including me) was jumping in way to early. I learned that lesson from WaMu in 2008. Now just waiting at the sideline. Happy weekend!
That "climb" was caused by an one-for-three reverse stock split.
Market cap is still a joke.
Well it's always getting cheaper as expected. I'm used to it, but I wouldn't say they're worthless. Time will show.
Ok, I bought a few shares aswell. Guess it's one of those stocks where you can risk a few Dollars and don't think too much about it. But I wouldn't sell my house for this.
DD: KLDO has got no money, because they have got no operating business at all. But instead millions of debts.
Is it reasonable to invest here?
Yingli is still one of the few Solar companies worldwide that made a net profit in their business lately.
2 news in 2 days. The one talks about bankruptcy the and other about huge upside potential. Who to believe? What a crap!
If that speculation from Bloomberg reporters turns out to be untrue thay should be forced to pay millions of Dollars to the shareholders, who made huge losses due to this.
These rumours without any facts are a good way to make money. EK will climb up again, that's for sure.
Jaguar, yesterday you told us 1 $ until the end of the day and now another prognosis. Let's see what will really happen.
Good news over the last days. The future for Kodak looks much better now. Strong buy!
A Plan, a Lawsuit and a big hype... Only the RESULTS will matter.
Don't they come up every year with a new business structure plan? And what did it bring so far? More and more debts every year. Sorry, eventhough I like my old Kodak camera, it's not the big news in my eyes until they really turn that business into the profit zone after years of losses. Situation is still critical for Eastman kodak.
Yeah man, I'm waiting for the consolidation, too. It just looks really high now.
Nice performance so far, but I think a stronger consolidation is about to come soon. After that I could imagine to buy a few shares. The company has potential, eventhough it's still quite unknown.
But the company is still small and rather unknown outside of China. The share price may take another deep fall before somebody takes notice. Many companys from China are overlooked for years and bring big losses to shareholders for a long time. One day they might start to recover, but only if the business is still profitable. As the CEO from Biostar recently said the company faces very strong competition on the asian markets and I'd expect even stronger competition and lower gross margins in the future.
Whatever makes this stock rise, hope it will continue. Still I wonder what happened to the newsflow. Why are the latest news on Yahoo so old?
Sorry, but that was just the latest news on Yahoo Finance. Indeed it's OLD news from Nov. 15, you are right. There were no Wamuq news after that.
News: WaMu can’t complete Q3 filing, citing bankruptcy
Washington Mutual said in a regulatory filing Wednesday that it can’t complete its quarterly earnings report because it’s held up in bankruptcy.
The Seattle-based company was seized by federal regulators and its assets sold to JPMorgan Chase & Co. (NYSE: JPM) three business days before the end of the third quarter on Sept. 30.
Its third-quarter report would provide details on the historic, 10-day, $16.7 billion bank run that occurred at WaMu before its collapse, as well as the bank’s financial condition during its remaining months.
Washington Mutual said in a filing with the Securities and Exchange Commission that it’s unable to file the report because it has no employees to complete the work.
Washington Mutual also said in its filing that it anticipates its third-quarter results “will be significantly different from those for the corresponding period for the last fiscal year due to significant developments that have occurred,” and that it’s “unable to provide a reasonable estimate of its results.”
This time I agree. Flippers make money on it, shareholders are fooled.
Free falling...
Strongtower, didn't you predict two weeks ago this stock will go down, be diluted to death and have a R/S next? Hmm, seems like you were wrong, at least for now. Great advice from you to sell.
Great news today! Four times more profit on stronger molybdenum sales is an impressing result, it makes me confident for the future.
AP: Ambac falls on downgrade, capital concern
Thursday November 6, 7:33 pm ET
Ambac falls after analyst says rating downgrade requires $3.2 billion more collateral
CHARLOTTE, N.C. (AP) -- Shares of Ambac Financial Group Inc. lost more than a fifth of their market value Thursday, amid concern about the bond insurer's capital position. The company on Wednesday reported a wider third-quarter loss and its debt rating was downgraded to junk by Moody's Investors Services.
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Ambac shares dropped 48 cents, or 24 percent, to $1.52. A year ago, shares traded at a 52-week high of $34.42.
Analysts lowered estimates and price targets on the company, with some projecting the New York-based firm will need billions in additional capital.
"Ambac's current capital position is solid but its longer-term viability is in serious jeopardy," CreditSights analyst Rob Haines wrote in a research note to clients.
Haines said Ambac will need to post an additional $3.2 billion in collateral, which in turn, could leave the company with at least a $2.1 billion cash shortfall in its financial services unit.
Ambac said Wednesday that it lost $2.43 billion in the third quarter, hurt by increased loss reserves for toxic mortgage-backed securities and write-downs on credit derivatives. Moody's then downgraded Ambac's debt ratings to junk status due to expectations for continued losses, the company's diminished business prospects and its "impaired financial flexibility."
The ratings agency cut Ambac's senior unsecured debt rating by four notches to Ba1, which is considered non-investment grade, or "junk" status, from A3. Moody's also cut the insurance financial strength rating of Ambac Assurance Corp. and Ambac Assurance UK Ltd. four notches to Baa1, which remains investment grade, from Aa3.
"It appears that this rating action has been precipitated by our earnings announcement," David W. Wallis, president and chief executive of Ambac, said in a statement Thursday. "It is disappointing that Moody's has come to a ratings conclusion without the benefit of completing its own analysis of our portfolio."
Many bond insurers continue to expect mounting losses tied to exposure to troubled mortgage-backed securities. As mortgages have increasingly defaulted since the middle of 2007, expectations for defaults on bonds backed by pools of the troubled loans has grown.
Because of those expected losses, bond insurers like Ambac continue to set aside increasing amounts of cash to cover potential future losses.
"Should Ambac's regulatory capital position continue to deteriorate, there would be further negative pressure on the firm's ratings," Moody's said in a statement.
Friedman, Billings, Ramsey & Co. analyst Steve Stelmach said strategic options for Ambac are shrinking.
"The company's capital flexibility is even more limited than previously expected after reporting third-quarter results," he wrote in a research note to clients. "Liquidity could be an added concern."
Stelmach cut his price target on Ambac shares to $2 from $5, citing increasing strain on the franchise. He rates the insurer "Market Perform."
Deutsche Bank analyst Darin Arita lowered his yearly outlook, and said he now expects Ambac to report an operating loss of $14.93 per share for the year, reflecting the higher than expected quarterly loss at the firm. He previously forecast a loss of $7.10 per share.
Arita slashed his price target to $1 from $3, but maintained a "Hold" rating on the stock.
I just hope Ambac won't follow Lehman Bros. or Washington Mutual. The downgrade rating to junk was quite bad. Who knows what's coming up next?
I'm not so optimistic as you, the downgrade must have had a reason. That's why I'm cautious with Ambac at these financial crises times. I want to make sure it hits the bottom before I think about getting back in. Just had a loss with another stock, don't need it again.
UPDATE 1-Thompson Creek quadruples profit, delays project
Profit surges to 74 cents a share * Molybdenum sales rise to $325.9 million * Sees 2008 output of 25 million-26 million pounds (In U.S. dollars, unless noted)
TORONTO, Nov 6 (Reuters) - Thompson Creek Metals (TCM.TO: Quote, Profile, Research, Stock Buzz) said on Thursday its third-quarter profit more than quadrupled from the year before on stronger molybdenum sales.
However, the Toronto-based company said it would postpone development of its Davidson project in northern British Columbia until economic conditions improve.
Thompson Creek, the world's No. 5 producer of the steel-hardening agent, earned $100.6 million, or 74 cents a share, in the three-months ended Sept 30. That was up from $24 million, or 18 cents a share, a year earlier.
Molybdenum sales jumped to $325.9 million from $195.9 million as the company mined higher grades.
Realized molybdenum prices were $32.85 a pound during the quarter, but will be much lower in the fourth quarter, the company warned. Spot prices were at $21 on Thursday.
Thompson Creek, which produces from its Thompson Creek mine in Idaho and its Endako mine in British Columbia, also raised its production guidance for 2008.
It now sees output of between 25 million and 26 million pounds, up from its previous estimates of 23 million to 24.5 million pounds. In 2009, production is expected at 31.5 million to 34 million pounds.
Thompson Creek's shares, which are down more than 65 percent this year, fell 88 Canadian cents, or 14.3 percent, to C$5.28 on the Toronto Stock Exchange on Thursday, touching a two-year low.
($1=$1.20 Canadian) (Reporting by Cameron French; editing by Rob Wilson)
Good news. Time for a rebound!
Only bad news for Ambac today. Wonder where this is gonna end up. Can't see any bottom at this point.
Good Life China has a contract with Petro China, the largest oil company in China. That's the company, Warren Buffett was once invested in and left with six times more money. That's proof enough, nobody would make a deal with Petro China official, if it's untrue.
Sorry, but I live in Germany, my English is not perfect. Don't judge too hard, before you tell me one sentence in german language.
Not being proven wrong doesn't automatically mean that your statements and opinions are right.