Because the candeeman can!
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CME Hikes (again) kick in Monday, so it should make for an 'interesting' day. Have a great weekend!
It's gonna move a lot more over the next little while.
$35 is near, maybe $33 by tomorrow's close or even $30?????
That's true, but the trick is trying to figure out how low commodities will fall before a reversal. Oil may go down to $80/barrel, where does that leave silver or gold?
That's one way of looking at it, another way is maybe $33 or even $30 by tomorrow's close. Everyone knows how Fridays go, ppl take their profits for the weekend!
where did you hear that? explain
Just like MLK, I have a Dreeeeeeam!
and silver is at $47.83
Silver is running great, the investment of the decade!
GWG Targets Earlier Dates
Great Western Minerals Group Targets Earlier Dates and Increased Output at Steenkampskraal Rare Earth Project
SASKATOON, SASKATCHEWAN--(Marketwire - April 21, 2011) - Great Western Minerals Group Ltd. ("GWMG" or the "Company") (TSX VENTURE:GWG) (OTCQX:GWMGF) announces that it has updated its plans for the Steenkampskraal Rare Earth property in South Africa.
The steps in the plan may be undertaken in sequential order, or wherever possible, will be undertaken on a concurrent basis with the intent of reducing the time frame to advance the project.
GWMG has immediate plans to commence refurbishment of the previously producing mine shaft at the Steenkampskraal site, re-establish the containment ponds, and address all waste disposal requirements.
The Company has issued a tender call for this refurbishment work that will commence immediately after the Company confirms receipt of approval of the proposed work program from the National Nuclear Regulator of South Africa ("NNR") under the site's existing Nuclear License.
The receipt of the NNR work program approval will also allow the Company to proceed immediately with surface and underground sampling at Steenkampskraal to begin the process of bringing the historic resource estimate into compliance with National Instrument 43-101 technical reporting requirements.
As previously announced, the Company continues to hold advanced discussions with potential partners regarding a Rare Earth separation plant. Within these discussions, GWMG is evaluating the participation of a financial joint venture partner, the development of an offtake agreement and/or the use of debt for purposes of financing the separation facility. The Company is targeting July 2011 for this decision.
GWMG, in conjunction with institutions considering debt financing for the project, is evaluating whether a feasibility study is necessary to meet financing requirements. In the event that the full feasibility study is not required the overall schedule could be advanced.
Work necessary to complete the Environmental Management and Protection Plan and other environmental regulatory requirements is currently in progress at the site.
The design of the mine and processing facilities has been upgraded to allow for capacity to produce approximately 12,000 tonnes per annum of Rare Earth chloride solutions. These will be sent to the solvent extraction separation facility, planned to be located in South Africa, to produce approximately 5,000 tonnes of Rare Earth oxides per year. This planned level of production is almost double the 2,700 tonnes per year capacity originally anticipated.
Should the feasibility work proceed as planned, and should environmental and work program approvals be received in a timely fashion, then GWMG is targeting Q1 2012 to commence underground mining operations. This would provide feed from underground to blend with material already broken on surface to be available for processing by the beginning of 2013 when construction of the beneficiation and separation plants is planned to be completed.
GWMG President and CEO Jim Engdahl said "Today's announcement is a watershed moment in the history of Great Western Minerals Group. Our Company has embarked on a fast track route to move the Steenkampskraal mine into production. We plan to do so earlier than originally projected and at a planned tonnage that is double what we had originally contemplated."
Engdahl continued, "We intend to deliver on our ambition to be a fully integrated Rare Earths supplier by, or before, the beginning of 2013. The plan to double our original capacity estimate is a clear response to our customer base that requires supply assurances so they can develop their own business models with certainty. GWMG looks forward to executing its integrated plan."
Source: http://www.marketwire.com/press-release/great-western-minerals-group-targets-earlier-dates-increased-output-steenkampskraal-tsx-venture-gwg-1505304.htm
CFW Continued Upside
Cano Petroleum (CFW) made the news in the first quarter of last year, when George Soros purchased a million shares of the company. Although the chart tells a different story, it is easy to like Cano. This company uses EOR methods to obtain oil. Companies like Denbury (DNR) have used this to recover oil with very low costs/barrel. Cano has five projects:
Cato Field-Proved reserves: 16 MMBoe
Davenport Unit-Proved reserves: 1.3 MMBoe
Desdemona Field-Proved reserves: 4.0 MMBoe
Nowata Field-Proved reserves: 1.5 MMBoe
Panhandle Field-Proved reserves: 28.9 MMBoe
Cano had announced a merger with Resaca Exploitation Inc. (RSOX) in 2009, which has been dissolved. The merger was thought to be mutually positive, as Resaca had short-term income and Cano had long-term possibilities. Cano has significant assets, if it can stay afloat until the resource is out of the ground. I would be careful here, as this company has some financial problems going forward.
P/E Ratio: Negative
Price to Sales: 1.53
Price to Tangible Book: 0.26
Source: http://seekingalpha.com/article/261631-8-small-oil-and-natural-gas-companies-with-continued-upside?source=marketwatch
CFW
I had a dream that this thing popped today. Let's see if dreams do come true. HA!
Agreed. Some analysts even have silver in triple digits within the next 3-5 years. Investment of the decade possibly.
Article mentioning 3 top stocks at half-price:
http://www.fool.com/investing/general/2011/04/04/3-top-stocks-at-half-price.aspx?source=ihpsitcag0000002&lidx=3#569805
BQI getting some love
Outlook for stocks looks positive for today. Some of the plays on here that are lagging should bounce back.
PEIX Article from Seeking Alpha
Pacific Ethanol Inc (PEIX), the leading West Coast marketer and producer of low-carbon renewable fuels, announced its December 2011 quarterly report after the market close yesterday. Revenues are rising rapidly, including 53% year-over-year revenue growth to $134.3 million in the December 2010 quarter, and the company is targeting 200 million gallons of annual production at its plants in the short- to intermediate-term.
However, gross margins in the December quarter were less than 1%, worse than both the prior September 2010 quarter gross margin of over 8%, and the 2% gross margins in the year-ago December 2009 quarter. As such, although revenue growth is promising, it will be difficult for the stock to outperform unless gross margins improve significantly.
The company recently emerged from bankruptcy in June 2010, after trading as high as $44 at well over $1 billion market-capitalization pre-bankruptcy in 2006, and is still working on strengthening their balance sheet that currently includes $9 million in cash and cash equivalents and $125 million in long-term debt. Institutions have been unloading the stock recently, with 44 institutions holding a total of 6.4 million shares, or 7% of the shares outstanding, down from 8% in the prior period. The stock is also heavily shorted with 8.7 million shares or 11% of the float shorted. The company's conference call was scheduled for 11am EST today.
http://seekingalpha.com/article/260693-how-do-telestone-technologies-and-pacific-ethanol-look-after-earnings?source=marketwatch
Yea, that $5 range sounds nice.
this is the calm before the storm
The resistance at 0.60 is definitely strong, though. Gotta break it (0.62?) and then here.........we......GO!
Just hold it, it WILL go, patience is key in this game called investing.
Earnings tomorrow, right?
No, although I do have a lot more than that in my portfolio. :)
CFW up at 0.60 AH
$100 000
If you had that much money to invest in SLV, couldn't you just buy that much today at market value and then sell at market value next year and make decent gains?
Give it time, once it breaks the 60's, we'll have a runner!
BQI target $1.20
Latest position on BQI?
"NGAS has some serious financial concerns. In defined terms, NGAS cannot control its debt and move forward without some type of huge financing that would only bury shareholders into oblivion for some time to come."
This was from another board, what do you make of it?
Most indicator opinions have it as a sell?
http://www.barchart.com/opinions/stocks/PEIX
Wow, someone mentions this play on TV and it closes up over 70%!
Should bounce back this week. Anything under $1 for this is great value!