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MrGoldenRooster you like the potential of Destiny Media Tech Clipstream Disruptive Technology?
Livewire Ergogenics Inc Launches New Corporate Website. Also exciting to see if you type Rushnet in the search box under FAQ's tab it states Rushnet coming soon!!! http://ih.advfn.com/p.php?pid=nmona&article=63256137
Investors lets not speculate on anything here on this MB until we hear what Livewire CEO Bill Hodson has to say what really is in transition here!!! all im saying is Nick said Bill is excited about up coming news about RSHN/APRU acquisition!
Investors this morning I spoke to Nick Massalas Lead Equity Analyst from Carmel Advisors Investors Relations for Livewire Ergogenics Inc. He stated he is very excited about forth coming news concerning RSHN/APRU acquisition. Bill Hobson will have some exciting news for investors concerning RSHN/APRU acquisition within next couple of weeks. Ive noticed Bill usually puts out news middle part of month... Holding Long & Strong!!!
As Ben Franklin Stated Patience in market is worth pounds in a year!Lets see where Rushnet is in a year.Many Blessings and much success to CEO Bill Hodson Livewire an Tony Torgerud interim CEO Apple Rush. Prosper and take control Men and be Leaders with a clear Mission!!!
Hello Bills word is as good as Gold!!! you can take that to the bank IMO.
Qoute:
Bill Hodson Today at 1149
To xxx@yahoo.com
Dear XXX
"We believe the acuisition of RSHN liscense will be positive for RushNet shareholders. LiveWire going to be taking control of RushNet and am investing significant amounts of money to bring the company to current on its filings and finacial statement disclosure. As to what the ultimate value of RushNet will be,
We havent finalized our dilugence of the assets....................
>>>>>OTHER THAN TO DECIDE THERE IS ENOUGH VALUE TO MAKE THE INVESTMENT WORTH WHILE.<<<<<<
LiveWire is going to become a significant shareholder is RushNet. Everything we do is designed to increase value thereby increasing value for all the RushNet shareholder. Im being specifically vague simply because we need to be preccise in how we disclose ownership and control. Rest assured as soon as the final numbers are available We will disclose them". '
Regards,
Bill
Alert anyone know why someone bought 70 million shares of RSHN?
Goodmorning everyone,just got off The phone with Brad Holmes and asked him if they plan on putting out news about the increase in 1St NRG authorized shares . He stated they Hope to put out news concerning The authorized shares with additional Information this week. I will say he sounded very upbeat and thanked me for calling. Ill be patiently looking forward to Hear this news like everyone here. Please all do your due dilligence before investing in any company stock especially penny stocks. I do like 1St NRG's potential here if they are successful in negotiating up coming joint ventures.
SLLN has a bid again 20 million shares traded on alert!
SLLN has a bid again 20 million shares traded anyone know why ?
Exide year end 2012 reported 80 million in Cash and a 81 million unused credit line!!! No bankruptcy with those numbers My friends!!!! Buy when blood is running in The streets!!!
NXOI .03 .032 moving low float 10.1 M
NXOI starter position
BR your guess is as good ad mine!
Buyout could be as low as $12-$13 range IMO sorry to say!!! most were hoping for a buyout or recovery to $40+ this year.
I for one stated ARNA would be in the $10.00 to $12.00 range upon initial approval,with many more upgrades and institutional buying we will soon be in the $14.00 to $17.00 range soon.
Shane67 we may see $10.00 to $11.00 range in the am but not for long many institututions will be loading up in this range this week for hugh profits coming . You can take that to the bank.
Short squeeze or no short squeeze ARNA upgrades will take share price to the $14.00 to $17.00 range soon
ARNA upon approval will hit $10 to $12 bank it
This is good post imo on Investors Village. Buy what you can afford lose $1000-$2000 worth of arna stock, risk reward ratio is great. Drug approval we get1000%-1200% return or failure and get up to 100% loss, ill take that risk with a small sum of $1000-$2000.ARNA LET THE LOVE BEGIN!!!! ARNA Volatility and Investment Thesis
ARNA’s marketcap is now under $400M 3 weeks before the panel. So did briefing docs leak and they are BAD? Or is this just professionals taking advantage of a highly liquid issue without much institutional support, take out stops, rape retail, make a ton on the volatility and reposition prior to May 10th? I hope so. I didn’t read Adam’s article because I doubt he is going to shed light on anything I don’t already know about the risks here. Sticking to your due diligence and investment thesis is sometimes the hardest thing to do. The others of course are selling when you think the valuation is too high and taking a loss when you should. I’m not buying any more here because I doubled-down in the $1.20’s and don’t need to. I’ll still sell some stock prior to the May 8th release of the BD’s to minimize exposure and hopefully we are higher than we are right now but we still could be stuck here. In fact, even after approval, perhaps the marketcap only goes up to $1B.
The unfortunate truth is that ARNA is going to be subject to a lot of volatility until it is finally approved and perhaps even until it is on the market generating real revenue. Nobody knows what the true valuation of ARNA should be until you have real market growth numbers of weekly scripts being written and what the margin numbers will be. Is ARNA a $2B company if lorcaserin is approved and doing $200M a year in sales? Or is ARNA a $20B company if lorcaserin takes off and all indications show that it will be a $5B drug in 2015? We don’t know and certainly AF doesn’t know.
What I do know is that lorcaserin met one of the “either / or” criteria for approval. I know that there were no SAE and CV signals across 8K patients that I saw. I know that it showed a lot of benefit for Type II diabetics and there are 20M of those people in the US with another 50M pre-diabetics to market to. I know that the FDA hasn’t approved a new weight loss drug in 13 years and that one has nasty side effects with it. I know there is a lot of pressure on the FDA to approve something and Qnexa, despite a positive note, is not a done deal because of major issues to come up with an appropriate REMS. I know that 66% of America is overweight and if there is 1% market adoption, the drug is a blockbuster.
There are major risks here. ARNA is a hated stock by many who are convinced it will never see lorcaserin approved. We still don’t know if the FDA is ready to approve a new drug, even with the pressures they face. There could be new gotchas we don’t know about. The FDA may have valvulopathy and cancer concerns like some analysts say. So the safest bet of all is to not play and wait for approval to buy. If you think it is a market success, you can still make good money. Everyone has different risk tolerance and investment situations. I can afford to risk money here and not cry if I’m wrong. I’ll still be able to pay bills, send my kids to college and not have to move into a cardboard box. Don’t risk what you can’t afford to lose or causes you to lose sleep. If you can’t stand volatility, don’t invest in biotech. Good luck to all of us and may the longs be right this time…
Motley Fool Speaks Out!!!Preparing to sell??? 12-Apr-12 02:41 pm Will FCMI help PZG sell? From Motley Fool.....
Higher and higher?
Between the higher grades of gold it's finding at its Don Ese and La Union projects, Paramount Gold & Silver is sitting on a gold mine of opportunity. The gold and silver miner has recorded higher assay results at its San Miguel mine and recently said it had found the highest silver grades yet at its San Antonio silver deposit.
Yet the stock is still off some 30% over the past year, which might be why FCMI finds the stock to be such a bargain. The hedge fund has established a near 16% stake in the gold and silver miner. CAPS member Venerability suggested earlier this year that its manager, Albert Friedberg, was setting up the miner for a possible takeover, possibly by Seabridge Gold (NYSE: SA ) : "The CEO of Seabridge, a longtime Paramount board member and close associate of Mr. Friedberg over the years -- just left PZG's board, which often happens prior to a takeover bid."
Venerability sees parallels with Arizona Star, which was purchased by Barrick Gold (NYSE: ABX ) in 2007 and in which FCMI played a role. While such a scenario can always play out, I own shares of Paramount because of the potential its mines possess. You can add Paramount to your watchlist to see whether an offer is ultimately made, then let us know on the Paramount Gold & Silver CAPS page if, like me, you just see this as a golden opportunity. Rating :
(No ratings)
..................Why the bulls are running in Paramount
By Mike Yamamoto (mike.yamamoto@optionmonster.com) | optionMONSTER – 10 hours ago
........Companies:...Paramount Gold and Silver Corp. . ...RELATED QUOTES.
.Symbol Price Change
PZG 2.41 +0.06
......Bullish traders are piling into Paramount Gold and Silver after the mining company raised production estimates for a large site in Mexico.
optionMONSTER's Heat Seeker systems shows that 21,721 September 2.50 calls have traded in a strong buying pattern for $0.40 to $0.50. Open interest was 7,863 contracts at the start of the session, indicate that today's activity represents new positions.
Many of the option trades came in relatively small prints, indicating that much of the activity may be the result of a newsletter recommendation. The stock jumped after CEO Christopher Crupi said that "we have substantially upgraded our expectations for the San Miguel Project," calling it "one of the best projects of its kind in Mexico."
PZG is up 7.66 percent to $2.53, pulling back slightly after touching its 200-day moving average at $2.60. The stock has been trading in an increasingly tight range, between about $2.20 and $2.50 for the last month.
Overall option activity in the name already is more than 42 times its full-session average. Calls at all strikes are outpacing puts by 13 to 1.
PZG CEO CHRIS CRUPI IS READY ARE YOU!!! UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response... 0.5
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public
Utility Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940
1. Name and Address of Reporting Person *
Crupi Christopher 2. Issuer Name and Ticker or Trading Symbol
PARAMOUNT GOLD & SILVER CORP. [ PZG ] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable)
__ X __ Director _____ 10% Owner
__ X __ Officer (give title below) _____ Other (specify below)
CEO
(Last) (First) (Middle)
2029 ROLLING BROOK DRIVE 3. Date of Earliest Transaction (MM/DD/YYYY)
3/22/2012
(Street)
OTTAWA, A6 K1W1C9
(City) (State) (Zip) 4. If Amendment, Date Original Filed (MM/DD/YYYY)
6. Individual or Joint/Group Filing (Check Applicable Line)
_ X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3) 2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8) 4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. Code
(Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date 7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4) 8. Price of Derivative Security
(Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Options $2.34 3/21/2012 A 300000 3/21/2012 3/21/2015 Common Stock 300000 $0 0 D
Explanation of Responses:
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Crupi Christopher
2029 ROLLING BROOK DRIVE
OTTAWA, A6 K1W1C9 X
CEO
Signatures
/s/ Christopher Crupi 3/22/2012
** Signature of Reporting Person Date
Insiders are geting ready Are You!!!!! UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response... 0.5
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public
Utility Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940
1. Name and Address of Reporting Person *
Kennedy Shawn Michael Thomas 2. Issuer Name and Ticker or Trading Symbol
PARAMOUNT GOLD & SILVER CORP. [ PZG ] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable)
__ X __ Director _____ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last) (First) (Middle)
895 GLOVER ROAD 3. Date of Earliest Transaction (MM/DD/YYYY)
3/21/2012
(Street)
SMITHERS, A1 V0J2N6
(City) (State) (Zip) 4. If Amendment, Date Original Filed (MM/DD/YYYY)
6. Individual or Joint/Group Filing (Check Applicable Line)
_ X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3) 2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8) 4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. Code
(Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date 7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4) 8. Price of Derivative Security
(Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Option $2.34 3/21/2012 A 50000 3/21/2012 3/20/2015 Common Stock 50000 $0 175000 D
Explanation of Responses:
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Kennedy Shawn Michael Thomas
895 GLOVER ROAD
SMITHERS, A1 V0J2N6 X
Signatures
Shawn Kennedy 3/26/2012
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of
PZG SHAREHOLDERS ARE YOU GETTING TIRED OF THE MANIPULATION & PAPER GAMES? We have been under attack for sometime but were very close to the end of this assault. Paramount Gold and Silver has the goods and that is Gold and Silver. Gold is ready to move on up to the $1700-$2100 Range between now and June 2012.Paramount Gold & Silver is going to play hardball with the paper shorts now and send them into financial ruin. They have had their run for some time, now its our turn!!! Boys and Girls insiders are getting ready are you ?....... UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response... 0.5
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public
Utility Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940
1. Name and Address of Reporting Person *
Reynolds Christopher J. 2. Issuer Name and Ticker or Trading Symbol
PARAMOUNT GOLD & SILVER CORP. [ PZG ] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable)
__ X __ Director _____ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last) (First) (Middle)
505 ANTHONY DR. 3. Date of Earliest Transaction (MM/DD/YYYY)
3/21/2012
(Street)
OAKVILLE, A6 L6J2K6
(City) (State) (Zip) 4. If Amendment, Date Original Filed (MM/DD/YYYY)
6. Individual or Joint/Group Filing (Check Applicable Line)
_ X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3) 2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8) 4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. Code
(Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date 7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4) 8. Price of Derivative Security
(Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Option $2.34 3/21/2012 A 75000 3/21/2012 3/20/2015 Common Stock 75000 $0 235000 D
Explanation of Responses:
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Reynolds Christopher J.
505 ANTHONY DR.
OAKVILLE, A6 L6J2K6 X
Signatures
Chris Reynolds 3/26/2012
** Signature of Reporting Person Date
Value buying will take PZG share price back up to 2.63-2.71 level this coming week count on it !!!
Hey boys and girls Short interest has been stabilizing as of late, sooner or later Coeur d'Alene Mines(CDE)will be buying properties of PZG or a total buy-out will happen with some Major Mining CO maybe NEM. PZG shorts will cover before!!! Its not If but when just like when Arizona Star major shareholder Albert Freidberg sold ARZ at explosive profits he will do the same with PZG!!!
DAYS TO COVER AS OF MARCH 05 2012 12.9 DAYS Paramount Gold and Silver Corporation $ 2.45
PZG -0.10
Daily Short Sale Volume - NEW view
Short Interest (Shares Short) 12,307,400
Days To Cover (Short Interest Ratio) 12.9
Short Percent of Float view
Naked Short Selling List - NEW view
Short Interest - Prior 12,373,700
Short % Increase / Decrease -0.54
Short Squeeze Ranking™ view
% From 52-Wk High ($ 4.52 ) -45.80 %
% From 52-Wk Low ($ 2.00 ) 22.50 %
% From 200-Day MA ($ 2.71 ) -9.59 %
% From 50-Day MA ($ 2.43 ) 0.82 %
Price % Change (52-Week) -40.96 %
Shares Float view
Total Shares Outstanding 171,430,000
% Owned by Insiders 16.74%
% Owned by Institutions 20.60%
Market Cap. $ 420,000,000
Trading Volume - Today 956,876
Trading Volume - Average 954,500
Trading Volume - Today vs. Average 100.25 %
Earnings Per Share -0.26
PE Ratio 0.00
Record Date 2012-FebB
Sector Basic Materials
Industry Industrial Metals & Minerals
Exchange AMX
$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
Press Release: Paramount Gold and Silver Corp. – 6 hours ago
........Companies:...Paramount Gold and Silver Corp.PARAMOUNT GOLDParamount Gold and Silver Corporation . ..RELATED QUOTES.
.Symbol Price Change
PZG 2.45 -0.10
......WINNEMUCCA, NEVADA--(Marketwire -03/04/12)- Paramount Gold and Silver Corp. (AMEX: PZG - News)(TSX: PZG - News)(Frankfurt: P6G.F - News)(WKN: A0HGKQ) ("Paramount") reported today that new drilling has found higher gold grades at the San Francisco target on its 100%-owned San Miguel Project in Mexico. Eight new holes in the northern and western portions of the San Francisco deposit have returned: (a) higher-grade mineralization up to 27.1 g/T of gold and 24.0 g/T of silver; and (b) near surface, wide intercepts including 23.6 meters grading 1.51 g/T of gold and 11.9 g/T of silver, confirming the bulk tonnage nature of this deposit. Drilling continues at the San Miguel Project with three core rigs.
The San Francisco area is in the northwestern part of what is now known as the Guazapares Megastructure which has a recognized strike of 7.5 kilometers and hosts gold and silver resources stretching from La Veronica in the north through San Antonio and La Union to the mineralization intercepted in limited drilling to the south at Santa Clara. Approximately 2.5 kilometers of this strike length has yet to be drilled. (For a map of the Guazapares Megastructure see: http://www.paramountgold.com/_img/GuazaparesMegaStructure.jpg). The character of the mineralization in San Francisco is one of stock works and multiple vein swarms in several directions rather than the discrete vein and breccia type deposits to the south such as La Union. Continuous, gold-bearing zones at San Francisco cover a widening area which could support an open pit mining strategy with a very low strip ratio. Details of the intercepts in these eight holes are as follows:
-------------------------------------------------------------------------- Total Length From To Width Au AgHole # Area (m) (m) (m) (m) g/T g/T--------------------------------------------------------------------------SF-12-047 SAN FRANCISCO 176.65 155.90 169.75 13.85 0.73 9.92 including 155.90 157.00 1.10 3.73 53.80--------------------------------------------------------------------------SF-12-048 SAN FRANCISCO 152.25 11.30 14.60 3.30 0.34 3.65 22.70 43.05 20.35 0.37 3.59 51.50 55.60 4.10 0.56 5.73 60.75 68.45 7.70 0.66 4.77 75.45 87.10 11.65 0.57 16.26 143.80 144.30 0.50 5.11 93.30--------------------------------------------------------------------------SF-12-049 SAN FRANCISCO 185.15 32.70 56.30 23.60 1.51 11.90 including 37.65 39.75 2.10 5.46 4.50 58.10 65.45 7.35 0.69 3.16 68.40 70.55 2.15 0.94 5.36 79.05 94.45 15.40 0.30 11.44 99.55 103.20 3.65 0.13 31.97 106.15 111.90 5.75 0.27 23.97 116.50 122.90 6.40 0.67 13.66 129.45 137.00 7.55 0.52 5.33 146.50 163.95 17.45 0.35 4.07--------------------------------------------------------------------------SF-12-050 SAN FRANCISCO 225.45 12.45 15.30 2.85 0.23 34.84 99.05 102.30 3.25 0.45 5.75 125.55 128.15 2.60 0.68 20.31 143.55 148.80 5.45 1.34 14.68 160.60 170.85 10.25 0.87 5.27 196.70 205.65 8.95 4.67 19.39 including 200.35 201.80 1.45 25.50 86.60--------------------------------------------------------------------------SF-12-051 SAN FRANCISCO 203.4 5.95 12.90 6.95 0.37 45.03 31.35 43.75 12.40 0.46 20.63 79.60 83.60 4.00 0.35 17.00 101.30 107.75 6.45 0.27 4.99 115.90 121.80 5.90 0.92 2.89--------------------------------------------------------------------------SF-12-052 SAN FRANCISCO 261.35 31.00 41.00 10.00 0.17 8.64 95.50 106.00 10.50 1.12 65.93 127.87 142.65 14.78 0.94 13.24 138.65 140.20 1.55 1.04 42.93 161.00 163.75 2.75 0.86 0.50--------------------------------------------------------------------------SF-12-053 SAN FRANCISCO 270.25 13.20 20.40 7.20 1.06 13.20 161.85 167.95 6.10 0.46 7.70 208.10 213.20 5.10 0.70 4.33 223.95 227.60 3.65 0.35 1.61 242.10 246.25 4.15 0.34 2.13--------------------------------------------------------------------------SF-12-054 SAN FRANCISCO 243.8 8.05 10.35 2.30 0.26 11.22 19.00 21.55 2.55 1.18 5.86 27.35 31.30 3.95 0.37 16.86 35.65 43.70 8.05 2.46 4.50 including 42.15 42.80 0.65 27.10 24.00 47.30 70.65 23.35 1.04 14.49 including 48.35 49.90 1.55 8.43 120.41 74.55 83.55 9.00 0.59 16.48 86.60 90.05 3.45 0.27 5.01 97.80 101.65 3.85 1.06 27.87 118.25 120.70 2.45 0.24 21.77 127.75 130.95 3.20 0.47 36.14 137.20 143.65 6.45 0.22 6.76 166.30 170.05 3.75 0.59 1.20 173.65 176.70 3.05 0.57 1.00--------------------------------------------------------------------------San Francisco is predominantly a stock work type of mineral occurrence and although it is believed that drill hole intersections represent a true width of the mineralized zone, geological modeling is required to fully define orientations and widths of the mineralization.
Christopher Crupi, Paramount's CEO, commented that "we are delighted that this recent drilling at San Francisco has likely increased both the grade and the size of the deposit. All eight holes intersected strong gold and silver mineralization. The Guazapares Megastructure continues to evolve in a quite extraordinary fashion with near-surface, bulk minable zones such as San Antonio and San Francisco linked to bonanza grade "clavo" style occurrences. These results open up options for large, low cost mining and processing without sacrificing grade, all within a well-established North American mining district."
A new resource estimate by Mine Development Associates (MDA, www.mda.com) of Reno, Nevada is expected during the second quarter of 2012 for the entire San Miguel Project, including 2011 and early 2012 drill results. This new estimate will be incorporated into a Preliminary Economic Assessment planned for later this year that will evaluate mining scenarios, mining rates and process alternatives and define a path to a Preliminary Feasibility Study and report reserves. In addition, Paramount is continuing to explore the potential of its large property position and is prioritizing numerous untested targets including large, undrilled gaps in the Veronica-Santa Clara mega structure.
Exploration activities at San Miguel are being conducted by Paramount Gold de Mexico S.A de C.V personnel under the supervision of Glen van Treek, Exploration Vice President of the Company and Bill Threlkeld, a Qualified Person as defined by National Instrument 43-101, who have both reviewed and approved this press release. An ongoing quality control/quality assurance protocol is being employed for the program including blank, duplicate and reference standards in every batch of assays. Cross-check analyses are being conducted at a second external laboratory on 10% of the samples. Samples are being assayed at ALS Chemex, Vancouver, B.C., using fire assay atomic absorption methods for gold and aqua regia digestion ICP methods for other elements.
About Paramount Gold
Paramount Gold is a U.S. based exploration and development company with multi-million ounce advanced stage precious metals projects in Nevada (Sleeper) and northern Mexico (San Miguel). Fully funded exploration programs are now in progress at these two core projects which are expected to generate substantial additional value for our shareholders. Engineering studies are scheduled for completion in 2012 to define a development path and economic valuation for each project.
The 100% owned San Miguel Project consists of 188,000 hectares (465,000 acres) in the Palmarejo District of northwest Mexico, making Paramount the largest claim holder in this rapidly growing precious metals mining camp. The current work program at San Miguel is part of Paramount's strategy of expanding and upgrading known, large-scale precious metal occurrences in established mining camps, defining their economic potential and then partnering them with nearby producers. The San Miguel Project is ideally situated near established, low cost production where the infrastructure already exists for early, cost-effective exploitation. Paramount also owns 100% of the Sleeper Gold Project which is emerging as one of Nevada's largest new undeveloped gold resources (See global resource table below).
SUMMARY OF ALL IN GROUND PZG NI 43-101 COMPLIANT RESOURCE ESTIMATES
-------------------------------------------------------------------------- MEASURED AND INDICATED RESOURCES--------------------------------------------------------------------------PROJECT Tonnes Au g/T Au Ounces Ag g/T Ag Ounces--------------------------------------------------------------------------San Miguel 8,005,000 0.38 98,800 62.00 15,759,000Sleeper 172,763,453 0.47 2,625,399 4.56 25,337,575Total 2,724,199 41,096,575---------------------------------------------------------------------------------------------------------------------------------------------------- INFERRED RESOURCES--------------------------------------------------------------------------PROJECT Tonnes Au g/T Au Ounces Ag g/T Ag Ounces--------------------------------------------------------------------------San Miguel 45,890,000 0.60 877,700 38.00 56,848,000Sleeper 81,754,167 0.43 1,120,410 3.12 8,202,962Total 1,998,110 65,050,962--------------------------------------------------------------------------For a detailed report on these resource estimates, their QPs and methodologies please see the following news releases: April 11, 2011 San Miguel; September 13 2011, Sleeper; December 28 2011, San Miguel.
Cautionary Note to U.S. Investors Concerning Estimates of Indicated and Inferred Resources
This news release uses the terms "measured and indicated resources" and "inferred resources". We advise U.S. investors that while these terms are defined in, and permitted by, Canadian regulations, these terms are not defined terms under SEC Industry Guide 7 and not normally permitted to be used in reports and registration statements filed with the SEC. "Inferred resources" have a great amount of uncertainty as to their existence, and great uncertainty as to their economic and legal feasibility. It cannot be assumed that all or any part of an inferred mineral resource will ever be upgraded to a higher category. Under Canadian rules, estimates of inferred mineral resources may not form the basis of a feasibility study or prefeasibility studies, except in rare cases. The SEC normally only permits issuers to report mineralization that does not constitute SEC Industry Guide 7 compliant "reserves", as in-place tonnage and grade without reference to unit measures. U.S. investors are cautioned not to assume that any part or all of mineral deposits in this category will ever be converted into reserves. U.S. investors are cautioned not to assume that any part or all of an inferred resource exists or is economically or legally minable
Safe Harbor for Forward-Looking Statements:
This release and related documents may include "forward-looking statements" including, but not limited to, statements related to the interpretation of drilling results and potential mineralization, future exploration work at the San Miguel Project and the expected results of this work. Forward-looking statements are statements that are not historical fact and are subject to a variety of risks and uncertainties which could cause actual events to differ materially from those reflected in the forward-looking statements including fluctuations in the price of gold, inability to complete drill programs on time and on budget, and future financing ability. Paramount's future expectations, beliefs, goals, plans or prospects constitute forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995 and other applicable securities laws. Words such as "believes," "plans," "anticipates," "expects," "estimates" and similar expressions should also be considered to be forward-looking statements. There are a number of important factors that could cause actual results or events to differ materially from those indicated by such forward-looking statements, including, but not limited to: uncertainties involving interpretation of drilling results, environmental matters, lack of ability to obtain required permitting, equipment breakdown or disruptions, and the other factors described in Paramount's Annual Report on Form 10-K for the year ended June 30, 2011 and its most recent quarterly reports filed with the SEC.
Except as required by applicable law, Paramount disclaims any intention or obligation to update any forward-looking statements as a result of developments occurring after the date of this document.
..Contact:.
.
Paramount Gold and Silver Corp.
Glen Van Treek, VP Exploration
866-481-2233
Paramount Gold and Silver Corp.
Chris Theodossiou, Investor Relations
866-481-2233
This should be very explosive to the up-side when shorts cover!!!!Paramount Gold and Silver Corp. (PZG) Short Interest
PZG
Paramount Gold and Silver Corp.Amex
Settlement Date Short Interest Avg Daily Share Volume Days To Cover
2/15/2012 12,307,353 954,474 12.894383
Read more: http://www.nasdaq.com/symbol/pzg/short-interest#ixzz1oCiRrSGO
My MD stated Lorcaserin would be his first choice for safety reasons and for liability reasons, for this reason i believe Lorcaserin will get the majority of the obesity market bank on it!!!
STS66 Patience ARNA will be approved before VVUS Bank on it!!!
www.goldstockbull.com
Jason Hamlin has alot to say about Gold & Silver good info imho.
ThSeeker im getting loaded with PZG shares a little more every month and can hardly wait to see PZG share price not if but when silver hits $65 per ounce. Maybe by year end!!!
ARNA downside risk 21% Upside Reward upon Lorcaserin Approval 1000% Im backing up the truck on this one.
Thseeker Holding Long and Strong!!! Nobody is getting any of my shares until we see the teens, and buying more every month up to the $5 range!!!
Tommer, Problem with that is you never know when DNDN may just pop a few dollars with continued good news coming, though i agree nothing wrong with taking a little profit off the table, maybe 1/3 of profit and buy DNDN back on dips!
Common Cents Shorts are screwed!!!!
www.jaytaylormedia.com.
President and Ceo Chris Crupi of Paramount Gold And Silver will be a guest speaker on John Taylor's show VoiceAmerica today 3PM Eastern. Should be a great listen!!!