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Whoa - so it is. Obviously time for a coffee (non decaf).
Thx
TSO
Ctguy - My Streamer is working fine. ETNL showing volume of 458,875
TSO.
Cemtrex Successfully Completes Testing of SM4 Mercury Monitor at Valmy Station
Last update: 7:00 a.m. EST Feb. 25, 2008Print E-mail RSS Disable Live Quotes
FARMINGDALE, N.Y., Feb 25, 2008 /PRNewswire-FirstCall via COMTEX/ -- Cemtrex Inc. (CTEI:CTEI
CTEI, , ) announced that it has successfully completed the test program under its contract from Electric Power Research Institute for measuring Total Mercury in stack gas emissions from EPRI's ReACT program, an advanced multi- pollutant removal technology for flue gas emissions at Sierra Pacific's North Valmy coal-fired power station in Valmy, Nevada.
The Cemtrex SM-4 mercury monitor was in operation for several months and had over 95% data availability. While in operation the SM4 passed all elemental daily calibration checks and passed every ionic system integrity test. The thermo catalytic converter proved 100% efficient and never had to be replaced. Plant personnel reported that the SM-4 performed flawlessly and never required any maintenance or repair.
Cemtrex along with Shaw Group Inc. was hired by EPRI to accurately monitor and report ReACT system efficiency. Both Cemtrex and Shaw Group monitored total Hg concentrations using different methods. Cemtrex continuously monitored Total Mercury using its SM-4 and Shaw Group verified the SM-4 data accuracy by pulling weekly sorbent trap samples.
The SM4 monitor was used by EPRI in measuring extremely low level mercury concentrations, ranging from 0 to 100 nanograms per cubic meter of gas in its test process stream at both inlet and outlet locations. Because of high- efficiency ReACT systems the mercury concentrations extracted from the process on the outlet side were averaging 0.015 ug/m3.
Voted NO on the R/S - only have 400,000 though. A drop in the ocean.
TSO
I agree. A very positive PR.
I have only a small position at present but will likely look to add to it in the near future.
Regards
TSO
Allenergy Inc. Updates Production
Last Update: 10:00 AM ET Oct 15, 2007Print E-mail Subscribe to RSS Disable Live Quotes
INDEPENDENCE, Kan., Oct 15, 2007 /PRNewswire-FirstCall via COMTEX/ -- Allenergy, Inc. (Pink Sheets: ALRY), with a 17-year history in the oil and gas industry and current involvement in the multi-billion dollar natural gas fields in Kansas and Oklahoma, today is updating August and September production numbers and a recent report on our G-4-15 Redd Sand well located on the Ball Lease in Chautauqua County, Kansas.
June and July oil and gas production remained consistent with May but in August dropped 10 % to the equivalent of 1360 BOPD. The eight wells reported on the East Ball were put in production with the existing equipment but experienced internal field problems with electrical shorts, flow line leaks and fittings that wouldn't allow fluids to reach the tank battery. Three wells have since been reworked and are producing 3 BOPD.
"Five wells are in need of rework but at that time we exerted our efforts to prepare for the completion of the G-4-15 Redd Sand well while weather conditions were in our favor. We felt this decision was in the best interest of our shareholders and the Company. Our efforts have been awarded," said Larry Sanford, President.
Since September 1 Allenergy has increased gas production from 3.5 million cubic feet per month to 6.5 million cubic feet. The oil production numbers have increased to 1345 barrels of oil per month resulting with the equivalent of gas to oil a total of 1995 barrels of oil per month. Since October 1 the Company has sold 570 barrels of oil and 320 barrels ready for the marketer. Gas sales remain the same pace as September but will increase as the G-4-15 well progresses.
Our new Redd Sand well has been a challenge to control because of the extraordinary turbulence that is taking place in this formation. Normal pumping methods just allowed gaseous fluid at uncontrollable volume to be produced. Presently the annulus (casing) is shut in at 210 psi with a back pressure valve on the tubing set at 225 psi to allow actual pumping of fluid that is providing oil from the zone. Now that the Company has control of this well, initial production rate can be established soon.
Luther Park has commented that this new discovery is the best he has seen since the Blasie and Melander fields located 21/2 miles East of the Ball Lease. These two fields produced around 100,000 thousand barrels of oil but prematurely lost the gas drive it needed. We are completing the G-4-15 well in a manner to sustain this gas drive for a longer producing life. The Ball Lease has more acreage than both the Blasie and the Melander combined. Allenergy has leased the Feed Lot ( Melander ) which is part of the Bayless "B" acquisition. As of this date, no natural gas wells have been drilled on this acreage. There are successful producing wells currently to the East and South of this 160 acres.
The Company has numerous applications on hand of qualified personnel from surrounding oil companies that wish to work for Allenergy. "Our success in this area has afforded us the ability to obtain seasoned people to our staff and field operations. The team at Allenergy has proudly worked long and hard hours, but now is the time to grow and prepare for these exciting times," Mr. Sanford said.
Portrush Announces Four New Wells
VANCOUVER, BC, May 22, 2007 (MARKET WIRE via COMTEX) -- Portrush Petroleum Corporation (CA:PSH: news, chart, profile)
11:00am 05/23/2007
PRRP.F0.10, +0.02, +22.4%) ( http://www.portrushpetroleum.com) announced today that the operator of the Mission River, Texas property has finalized plans to drill four additional wells and expects drilling activities will commence next month. Thereafter drilling will continue well-by-well with only minor breaks in between wells for geological-geophysical cross-checking purposes until the four wells are completed and hopefully on production.
The wells will be drilled to intersect the 7,800 foot interval found present and capable of production in the Scanio/Shelton No. 6 and 7 wells. The four locations were chosen based on proprietary 3-D seismic which was shot in December 2006 and newly worked within the past week.
The Company holds a 10% interest in the Mission River property and the seismic shoot covered the entire property of just over 700 acres. The seismic information and the new information derived from drilling these four wells will be used to determine the optimum number of wells that will be required to drain the reservoir.
To date three deep wells and six shallow wells have been drilled and successfully placed on production. An upgrade of the pipeline gathering system has been completed. The shutdown of the pipeline will reduce the Company's second quarter revenue by approximately $30,000. However the upgrade will allow production of up to 18,000,000 cubic feet of gas per day. Current production from the field is approximately 2.3 million cubic feet of gas and seventy barrels of oil a day.
Leisure Direct Announces Opening of Dealer Location in Cincinnati
Last Update: 9:03 AM ET Apr 24, 2007
PERRYSBURG, OH, Apr 24, 2007 (MARKET WIRE via COMTEX) -- Leisure Direct, Inc. (LDTI : leisure direct inc com
10:17am 04/24/2007
LDTI0.13, +0.03, +25.0%) announced today that it will open a retail store in a prime location in Cincinnati, Ohio. The location will sell spas manufactured by Royal Spa Manufacturing along with a variety of other leisure products. John Ayling, Chairman of Leisure Direct, stated, "We will be located in a prime location to capture market share and serve our customers in the Cincinnati area. Revenue from the operation will begin to be booked this quarter. This is only the first of many company-owned dealer and service locations as Leisure Direct begins to execute its business plan. Our initial thrust will be locations in the Midwest region of the country."
Leisure Direct has hired an industry veteran from the Cincinnati area to lead sales and installation services from the location. The location will operate under a company brand name that signifies Leisure Direct's intent to sell and install products that are both complementary to spas/hot tubs and part of the "backyard" leisure industry.
Robert Dapper, President of Leisure Direct and founder of Royal Spas, stated, "We will quickly establish the location as a premier dealer and will leverage Royal Spas' proven sales and marketing approach to drive first year sales at the Cincinnati location to between $1 million and $1.5 million, with EBITDA in the $120,000 to $150,000 range. Within two or three years, we fully expect to book more than $2 million of revenue annually."
Leisure Direct's business plan includes acquiring or opening 50 to 60 locations over the next three to five years, with 10 to 15 of them being consummated in 2007. Leisure Direct will begin to announce dealer acquisitions over the next few days and weeks. Once its initial dealer network is established, the company intends to acquire manufacturers of spas/hot tubs.
Queenstake and YGC Execute Definitive Combination Agreement
DENVER and VANCOUVER, British Columbia, March 22, 2007 /PRNewswire-FirstCall via COMTEX/ -- Queenstake Resources Ltd. ("Queenstake") (CA:QRL: news, chart, profile) (QEE :
queenstake res ltd yukon com
QEE0.14, +0.01, +7.3% ) and YGC Resources Ltd. ("YGC") (CA:YGC: news, chart, profile) are pleased to announce that further to their joint news release dated February 5, 2007, the two companies have satisfactorily completed their mutual due diligence reviews, and have executed a comprehensive Combination Agreement to combine their businesses under the name "Yukon-Nevada Gold Corp." ("Yukon-Nevada"). Following a thorough review of the available alternatives by the respective boards of directors, the transaction has been structured, by way of a plan of arrangement, as an acquisition by YGC of all of the outstanding shares and other securities of Queenstake, on the basis of one common share of YGC for each ten outstanding common shares of Queenstake.
The respective Boards of Directors of Queenstake and YGC have unanimously approved the Combination Agreement, agreed to recommend the plan of arrangement to their shareholders and agreed not to solicit and not to support competing transactions, except as required to meet fiduciary obligations. A break fee equal to 5% of the non-completing company's market value will be payable in certain circumstances.
Subject to shareholder approval of the transaction, the Board of Directors of Yukon-Nevada will comprise all of the current members of the Board of Directors of YGC, Dorian Nicol and Peter Bojtos. The two current Boards have agreed that the President and CEO of Yukon-Nevada will be Graham C. Dickson and that the Executive Vice President of Exploration will be Dorian ("Dusty") Nicol.
Completion of the business combination is subject to the satisfaction of a number of conditions precedent, including a significant financing to be completed by YGC for the benefit of Yukon-Nevada, shareholder and Court approvals and regulatory acceptance. The two companies will schedule their shareholder meetings, to consider and vote on the proposed combination, for May 18, 2007.
The transaction will combine Queenstake's and YGC's mineral property interests throughout North America to create operating efficiencies with particular emphasis on the Jerritt Canyon Mine in Nevada, and the development to production of the Ketza River gold property in the Yukon. The business combination will yield benefits to the shareholders of Yukon-Nevada by providing a greater asset base and capitalization, reducing overhead and creating a broader share trading market with the potential for greater liquidity.
Here is a link to it
http://www.omogoil.com/new/omog031207pocari.pdf
TSO
Yet another lawsuit - see the just released shareholder update
Unico, Inc. Issues March 2007 Edition of Investor Newsletter
Last Update: 1:03 PM ET Mar 8, 2007
SAN DIEGO, CA, Mar 08, 2007 (MARKET WIRE via COMTEX) -- Unico, Incorporated (UCOI : unico inc com new
UCOI0.00, +0.00, +6.7% ) , a natural resource company in the precious metals mining sector, today released the March 2007 edition of its investor newsletter, which provides an overview of the company's activities during the previous month. The March edition focuses primarily on the continued reconstruction of the mill and processing facility at the Deer Trail Mine in Marysvale, Utah.
A PDF version of the newsletter has been added to the company's website at http://www.unicomining.com./news/newsletters.php, and an email notification of the newsletter's release has been sent to subscribers to the Unico electronic mailing list.
The March 2007 issue features articles on additional financing that the company has received, expanded permitting to cover recent reconstruction at the mill and processing facility and a 2.5 million share common stock purchase made by Unico chairman Ray C. Brown. The lead article summarizes recent reconstruction of the mill and processing facility and final preparations to begin construction of a new electrical substation that will provide power to the Deer Trail Mine.
The "Investor Q&A" addresses commonly asked questions regarding the purpose of the mill reconstruction efforts and whether the facility could have operated without the changes recently implemented by Unico's wholly owned subsidiary, Deer Trail Mining Company, LLC.
"As we prepare for the larger scale of operations at the Deer Trail Mine, with the construction of the new electrical substation and last steps in the completion of the mill reconstruction, we expect that our newsletters will become an increasingly important tool for shareholders," said Mark A. Lopez, chief executive officer of Unico, Inc. "We believe that the newsletter provides an excellent snapshot of each month's activities, and we hope that they are seen by our shareholders as both informative and useful."
Portrush Update on Production
Last Update: 2:51 PM ET Mar 7, 2007
VANCOUVER, BC, Mar 07, 2007 (MARKET WIRE via COMTEX) -- Portrush Petroleum Corporation (CA:PSH: news, chart, profile) (PRRP.F :
portrush pete corp com
Sponsored by:
PRRP.F0.11, -0.02, -15.9% ) ( www.portrushpetroleum.com) is pleased to provide an update regarding its continuing operations on the Scanio-Hawn No.1 well on the Mission River property in Texas.
The well, drilled to a depth of approximately 8,600 feet earlier last month, encountered hydrocarbon bearing sandstones within the main target zone. One of these zones was perforated and the well was placed on production and connected to the sales line this week.
The well has been placed on production at a rate of approximately two hundred and fifty thousand cubic feet of gas per day. Production is through a 10/64" choke and Flowing Tubing Pressure is 1,900 pounds.
All production testing was conducted into the sales line. Existing production equipment has been upgraded to deal with the larger production volumes. Total daily production from the field is approximately 2.5 million cubic feet of gas and approximately 90 barrels of condensate a day.
The Mission River lease is operated by McAlester and is located at the south end of the town of Refugio, Refugio County, Texas. The field has multiple pays at depths ranging from 2,000 to 8,500 feet. Portrush has a 10% working interest in the field. To date, nine wells have been drilled and all have been placed on production.
Investors are requested to visit the Portrush IR Hub at http://www.agoracom.com/IR/Portrush where questions can be posted and answers received within the same day and to review questions and answers posted by other investors. Alternatively, investors are able to e-mail all questions and correspondence to PSH@agoracom.com where they can also request their name to be added to our e-mail list to receive all future press releases and updates in real time.
The statements made in this Press Release may contain forward-looking statements that may involve a number of risks and uncertainties. Actual events or results could differ materially from the Company's expectations and projections. The TSX Venture Exchange has not reviewed this press release and neither approved nor disapproved the information contained in this press release.
ON BEHALF OF THE Board Mr. Martin Cotter, President & Director
CONTACT INFORMATION:
Mr. Allan McGirr
Telephone: 604 696 2555
toll-free 866 939 2555
amcgirr@portrushpetroleum.com
AGORA Investor relations
http://www.agoracom.com/IR/Portrush
PSH@Agoracom.com
News - Queenstake Reports Fourth Quarter Production and Improved Cash Balance1-15-07 9:16 PM EST | E-mail Article | Print Article
DENVER, Jan. 15 /PRNewswire-FirstCall/ -- Queenstake Resources Ltd. (Amex: QEE; Toronto: QRL) produced approximately 45,700 ounces of gold during the fourth quarter of 2006, including production from ore purchased from Newmont. The Company's unaudited cash and cash equivalents at the end of 2006 was US$6.6 million, compared to US$5.5 million in cash and cash equivalents at the end of the third quarter of 2006.
Fourth quarter gold production was approximately 37,000 ounces from Queenstake's Jerritt Canyon mined ore. The additional approximately 8,700 ounces of gold was produced from ore purchased as part of the ore purchase agreement with Newmont. Total gold production was essentially on track with the revised operating plan, which was implemented at the beginning of the fourth quarter. In addition, the Jerritt Canyon ore stockpile next to the mill increased by approximately 2,000 contained ounces of gold to total approximately 10,000 contained ounces at December 31, 2006.
For the full year 2006, Queenstake produced approximately 169,700 ounces of gold, with approximately 154,200 ounces from Jerritt Canyon mines and the remainder from ore purchased from Newmont.
The Jerritt Canyon mines demonstrated improved performance in the fourth quarter over the third quarter of 2006 by moving 226,354 total tons of ore and waste, in line with the revised operating plan. The fourth quarter mined ore grade of 0.31 ounce of gold per ton (opt) or 11 grams per tonne (gpt) was higher than the plan, largely due to the increase in the ore grade of the Mahala deposit at the Smith Mine. Ore tons mined during the fourth quarter were 182,119 tons, 13% more than in the third quarter of 2006 and within 3% of the operating plan.
During the fourth quarter, the Jerritt Canyon mill processed 253,945 tons, compared with 297,563 tons in the third quarter of 2006. Processed tons were lower than the operating plan as a result of blending and roaster testing of new types of ores received from Newmont and the impact of wet Jerritt Canyon mined ore due to winter conditions. A slightly lower recovery rate of 85.6% in the fourth quarter compared with 86.0% in the third quarter was somewhat offset by a higher mill throughput ore grade of 0.22 opt (8 gpt) compared with a 0.18 opt (6 gpt) throughput grade in the third quarter. The throughput grade is a weighted average of the higher grade of Jerritt Canyon mined ore and lower grade purchased ore.
At the end of the third quarter of 2006, the Company had recorded a US$6.2 million receivable from its insurer, a subsidiary of AIG, (the Insurer) based on the expected reimbursement of the costs of the new evaporation pond under its existing reclamation insurance policy. At the end of the fourth quarter, there was approximately US$8.0 million of trade payables incurred for the evaporation pond, which will be paid down using the Facility. Although the Company continues to expect reimbursement from the Insurer, the timing and receipt of such reimbursement is uncertain. (See today's news release, "Queenstake Arranges Bridge Loan Financing".)
The Company expects to report its complete financial and operating results for the fourth quarter and full year 2006 by the end of the first quarter of 2007. The Company is working on its 2007 operating plan and budget, incorporating the ongoing review of strategic alternatives, which the Company and its financial advisors Blackmont Capital, are currently engaged in.
Queenstake Resources Ltd. is a gold mining and exploration company based in Denver, Colorado. Its principal asset is the wholly owned Jerritt Canyon gold operations in Nevada, which has produced over 7.5 million ounces of gold from open pit and underground mines since 1981. Current production at the property is from three underground mines. The Jerritt Canyon District, which comprises 119 square miles (308 square kilometers) of geologically prospective ground controlled by Queenstake, represents one of the largest contiguous exploration properties in Nevada. In addition, Jerritt Canyon also has one of only three permitted roasting facilities in Nevada.
For further information call:
Wendy Yang 303-297-1557 ext. 105
800-276-6070
Email -- info@queenstake.com web -- www.queenstake.com
Cautionary Statement -- This news release contains "Forward-Looking Statements" within the meaning of applicable Canadian securities law requirements and Section 21E of the United States Securities Exchange Act of 1934, as amended and the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact, included in this release, and Queenstake's future plans are forward-looking statements that involve various risks and uncertainties. Such forward-looking statements include, without limitation, (i) estimates of reimbursement and (ii) estimated closing. Forward-looking statements are subject to risks, uncertainties and other factors, including gold and other commodity price volatility, operational risks, mine development, production and cost estimate risks and other risks which are described in the Company's most recent Annual Information Form filed on SEDAR (www.sedar.com) and Annual Report on Form 40-F on file with the Securities and Exchange Commission (SEC; www.sec.gov) as well as the Company's other regulatory filings. 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 not to be as 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. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
SOURCE Queenstake Resources Ltd.
Indeed - not to mention all the skiers that hit trees, etc.
One thought on the news
The choice of Durango is a bit odd for the location of the "area rep". There is not much around there - at least population wise. One would have thought that the inital location of a Colorado rep and first franchise would have been better to be in Denver or somewhere else on the Front Range (Col. Springs, Fort Collins, etc)
More population, easier transport links for getting around, etc
Just a thought.
I am holding 560K and will likely add in the coming weeks.
TSO (in Colorado)
DYODD
Kid - indeed. Very sweet news. Maybe this will spur us over the 37 cent barrier that seems to have been there for a while.
TSO
Powder River Completes First Well in Brookshire Salt Dome, Continues 100% Success Rate in 2006 Click to learn more...
12-12-2006 7:00 AM EST --(MARKET WIRE)--
CALGARY, ALBERTA -- (MARKET WIRE) -- 12/12/06 -- Powder River Basin Gas Corp. (OTCBB: PRVB), a revenue generating producer, acquirer and marketer of crude oil and natural gas properties, today announced it has completed the first well in the Brookshire Salt Dome - the Minns Josh #1. The completion was re-scheduled on several occasions due to excessive rainfall in the area.
The well was put into production on December 8th, and is currently pumping 110 barrels of oil per day. This will be monitored over the next few weeks and may be adjusted depending on fluid levels.
Drilling of the Minns Josh #2 has now been re-scheduled for the second week of January, with the third well to be drilled immediately following completion of Minns Josh #2. This schedule is subject to weather conditions. The Company is currently unable to move drilling equipment due to the excessive moisture. The delay in moving heavy equipment is necessary to minimize surface damage in order to maintain a working relationship with surface owners.
"We are pleased that we were able to complete the first well despite the six week rain delays. It is encouraging that the Minns Josh #1 is producing at such a high rate, and we are thrilled to have the well online. Weather permitting, we anticipate that we will be able to continue with our aggressive drilling program in mid January of 2007," stated Powder River Basin Gas Corp. CEO Brian Fox.
thats was the thing I liked too.
Just added 20K @.08, still trying to fill another 10K, but they moved the ask up on me.
TSO
kid - I had no problem buying 400K shares with TDAmeritrade earlier today.
TSO
My take is that it is. It reduces the float (at least until they start reselling the stock) and indirectly increases shareholder value. Probably implies confidence in their future cash flow also.
TSO
Oops - Leroux beat me to it. Sorry for duplicating the info
TSO
Mr Gambler - I believe the float is approx 180 million (at least thats what it says on the Company Info section of this board.
Also, I think $1 million bucks gets them 33 million shares (@ .03 per share), not 300 million.
Regards
TSO
Although, it actually does not appear to have affected the total. So I guess they must have been earlier trades that were counted in the total, but delayed as to when they posted them. Very irritating.
I am showing final tally of 9,490,131 on both Ameritrade, and the bigcharts.com site. I guess we dodn't make it to 10 million.
TSO
Just squeeked by at 10,050131
Jimmur - that my thought too. I normally close down a few minutes after market close, but today was distracted by something, and left it up for over an hour. Just never seen them that late before.
TSO
I am not sure but it looks like it. I have seen TDA adjust their last sale before, but only by a couple of minutes after closing, not an hour.
Not sure what it means.
TSO
Whoa - just saw 490,000 shares go by on TD Ameritrade 'Last Sale" window. 7 blocks of 70,000 between 17.02 and 17.04 pm. All at a price of 0.13
Anyone else see that?
TSO
Negger0 - thanks. I Have been a shareholder since May 2006, and am a bit frustrated with the collapsing price. However I intend to hold my somewhat small number of shares (400K) and see what plays out.
My other gold stock is not exactly setting the world on fire (QEE) either!
TSO
MGM Mineral Resources Announces Recent Corporate Activities
WEDNESDAY, OCTOBER 25, 2006 2:00 PM
- Market Wire
MGMX
0.0019 -0.0001 News
Enter Symbol:
Enter Keyword:
TORONTO, Oct 25, 2006 (MARKET WIRE via COMTEX) -- Metro Gold Mines Mineral Resources Inc. (PINKSHEETS: MGMX) is a growing gold mining company engaged in the acquisition and development of production properties in South and Central America.
Although it has been some time since a recent news release, MGM Mineral Resources has been maintaining all short term and long term goals. A report was drafted recently by company C.E.O. Mr. Jairo Giraldo regarding the recent progress, acquisitions, and ongoing work at the mines.
During the week of October 8, 2006, Mr. Giraldo met with Manager of Operations, Mr. Fabian Llanos and reviewed the various issues pertaining to the Company. These included production, exploration, and communications. They are very content that all these issues are being addressed.
PRODUCTION -- Las Malvinas is the Company's main focus and is in current production. This includes all lab work, processing and extraction stages. Tunnels are in place, they are clean and very accessible, as well as in the process of transporting updated equipment to the site for more advanced extraction.
DEVELOPMENT -- La Esperanza remains the Company's cornerstone and is currently in talks with external international geologists in order to ratify all findings and geological numbers. The Company wants to confirm their findings and move this project into the high production stages.
COMMUNICATIONS -- The Company wants to improve their communications with the shareholders and has been attaining this goal in several ways. They are currently training a bilingual receptionist to which all shareholder calls and emails will be directed. As such, shareholders will be able to get in touch with someone in the South American or North American areas.
"As many may be aware, we have opened our doors to various shareholders lately in order to confirm the veracity of our Company," said Jairo Giraldo, C.E.O. of MGM Mineral Resources. "We have met with some of our shareholders and have been keeping in touch to the best of our current abilities, as well as have allowed pictures to be taken, including out in Segovia, at the shareholders own risk. We did notice that our shareholders have been posting various pictures of our operations and although the pictures are not officially sanctioned pictures of MGM Mineral Resources, they do reflect our Company and can add to shareholder confidence once they see the reality of our projects."
The Company will release additional pictures shortly, including parts of the operation that were not explored by some shareholders.
"We are anxious to release any upcoming technical information pertaining to Las Malvinas," concludes Jairo Giraldo. "Production and shareholder confidence has been our main focus over the past month and we will continue to push towards a bright future."
About MGM Mineral Resources (PINKSHEETS: MGMX)
Metro Gold Mines Mineral Resources Inc. is a growing, expertly managed gold mining company focused on acquiring and producing an impressive portfolio of exploration and production properties in South and Central America. MGM Mineral Resources is working to establish itself as a world-class gold company, capitalizing on smart acquisitions, breakthrough technology, modernized operations, deep industry expertise and a strong gold market to cost-effectively produce high quality gold. The company has identified a significant opportunity to exploit proven but under-developed mineral resources in Colombia. MGM Mineral Resources was initially targeting the richest gold zone in Colombia, Segovia, but, is now extending to other areas throughout the country. For more information please visit www.mgmmining.com
Forward-Looking Statements
Statements contained in this news release, which are not historical facts, are forward-looking statements within the meaning and pursuant to the Safe Harbor provisions of the Securities Litigation Reform Act of 1995 that involve risks, uncertainties and other factors that could cause actual results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking statements. Factors that could cause actual results or events to differ materially from current expectations include, among other things: volatility and sensitivity to market prices for gold; replacement of reserves; procurement of required capital equipment and operating parts and supplies; equipment failure; unexpected geological or hydrological conditions; political risks arising from operating in certain developing countries; imprecision in reserve estimates; success of future exploration and development initiatives; competition; operating performance of the facilities; environmental and safety risks including increased regulatory burdens; seismic activity, weather and other natural phenomena; failure to obtain necessary permits and approvals from government authorities; changes in government regulations and policies including tax and trade laws and policies; ability to maintain and further improve positive labor relations; and other development and operating risks. Although MGM Mineral Resources believes that the assumptions inherent in the forward-looking statements are reasonable, undue reliance should not be placed on these statements, which only apply as of the date of this report. The company disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
Contact:
Mr. Kenneth Lamb
President
416-214-7847
SOURCE: MGM Mineral Resources
Copyright 2006 Market Wire, All rights reserved.
gwikley - thnx. I will look it over during my lunch break.
TSO
There is a summary of Emaar Properties on Wikipedia.
http://en.wikipedia.org/wiki/Emaar
It includes this tid bit:
"Emaar Properties acquired John Laing Homes, the second largest privately held homebuilder in the U.S., creating one of the world’s leading real estate developers in residential homebuilding. The AED 3.856 billion (US$1.050 billion) all cash transaction has been unanimously approved by the boards of directors of both companies and closed on June 1, 2006."
Another possible way for Sulja and emaar to interact?
TSO
Stormy - Thanks. I am becoming less and less enchanted with AMEP, but am waiting on potential change of the company structure from a BDC.
I still own 100K of their stock (at less than .02 average), so will hold it for the moment. But I have reduced this from 300K over the last few months.
I did get 16K of PRVB which is what I did with the proceeds of my AMEP sale a couple of weeks ago.
I tend to buy and hold rather than flip, so will likely be in this for several months.
Regards
TSO
Excellent news.
I sold half my holdings in AMEP and bought PRVB at .375 a couple of weeks ago. I like the projects they are in, and the PR's being issued to keep us informed. My major gripe with AMEP is a serious lack of communication with the shareholders the last few months.
Regards
TSO
texasholdem - the islands are there. You can use GoogleEarth to spot them. If you load up GoogleEarth then go to Abu Dhabi, the islands are just down the coast from Dubai.
For what its worth.
TSO
News -
Amelot Alternative Energy Receives Additional ASTM D6751 Certification
08-22-06 11:04 AM EST --(PRIME ZONE)--
CHEYENNE, Wyo., Aug. 22, 2006 (PRIMEZONE) -- Amelot Holdings, Inc. (Pink Sheets:AMHD) is pleased to announce that the Company's subsidiary, Amelot Alternative Energy, Inc., has received additional ASTM D6751 Certification. Amelot recently announced on July 24th that employee training had begun. Samples of the batches that were produced by the employees were sent out for testing to National Tribology Services in Minden, Nevada. Test results for the first batch produced have been received and have passed the ASTM D6751 quality assurance requirements. For information on NTS and testing standards please visit: http://www.biodieseltesting.com
"We are pleased that the employee test batches have passed the quality assurance requirements of ASTM D6751. Have received additional ASTM D6751 certification quality assurance test results will help us in sales to our targeted markets. This is what most distributors, blenders and fleet users in the industry are looking for before purchasing Bio-Diesel from any producer. Having received additional quality assurances proves Amelot's technology and quality of our product," said Aziz Hirji, President of Amelot Holdings.
Dang HDSN just moved ask to .0325