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Huge volume for the past few days ... its going to be fun on Monday...
MAY 28, 2009 - 18:52 ET
Lundin Mining Provides Update on Status of Credit Facility
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View News Release in PDF Format TORONTO, ONTARIO--(Marketwire - May 28, 2009) - Lundin Mining Corporation ("Lundin Mining") (TSX:LUN)(OMX:LUMI) today announced that it is seeking to extend the waiver period for non-compliance with the tangible net worth covenant of the Company's credit facility for a period of 30 days. The existing waiver which was granted by the Company's lenders on February 25, 2009 expires on June 5, 2009.
Since the initial waiver was granted, a number of measures have been undertaken to improve the Company's financial position, including:
- An equity issuance resulting in net proceeds to the Company of $149.2 million,
- Debt repayment of $55 million, followed by a voluntary reduction in the amount of the credit facility to $225 million, and
- The completion of a copper hedging program, securing a healthy copper price for approximately half of the Company's copper production over the next twelve months.
The amount of the proposed restructured facility of $225 million represents less than 10% of the Company's shareholders' equity.
The additional extension period will ensure that the lenders have adequate time to review the Company's revised financial model reflecting these developments, as well as allowing adequate time for the finalization of terms and completion of documentation.
Phil Wright, President and CEO, commented, "Good progress has been made on the restructuring of the facility and we expect the thirty day extension should be sufficient to bring this to a satisfactory conclusion for both the Company and the lenders."
About Lundin Mining Corporation
Lundin Mining Corporation is a diversified base metals mining company with operations in Portugal, Spain, Sweden and Ireland, producing copper, nickel, lead and zinc. In addition, Lundin Mining holds a development project pipeline which includes expansion projects at its Zinkgruvan and Neves-Corvo mines along with its equity stake in the world class Tenke Fungurume copper/cobalt project in the Democratic Republic of Congo. The Company also holds an extensive exploration portfolio and interests in international mining and exploration ventures.
On behalf of the Board,
Phil Wright, President and CEO
FORWARD-LOOKING INFORMATION
Certain of the statements made and information contained herein is "forward-looking information" within the meaning of applicable Canadian securities legislation or "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934 of the United States. Generally, these forward-looking statements or information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking statements, including, without limitation, risks and uncertainties relating to foreign currency fluctuations; risks inherent in mining including environmental hazards, industrial accidents, unusual or unexpected geological formations, ground control problems and flooding; risks associated with the estimation of mineral resources and reserves and the geology, grade and continuity of mineral deposits; the possibility that future exploration, development or mining results will not be consistent with the Company's expectations; the potential for and effects of labour disputes or other unanticipated difficulties with or shortages of labour or interruptions in production; actual ore mined varying from estimates of grade, tonnage, dilution and metallurgical and other characteristics; the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses, commodity price fluctuations; uncertain political and economic environments; changes in laws or policies, foreign taxation, delays or the inability to obtain necessary governmental permits; and other risks and uncertainties, including those described under Risk Factors Relating to the Company's Business in the Company's current Annual Information Form and management discussion and analysis.
Forward-looking information is based on various assumptions including, without limitation, the expectations and beliefs of management at the time they are made, including, without limitation, the assumed long term price of copper, lead and zinc; that the Company can access financing, appropriate equipment and sufficient labour and that the political environment where the Company operates will continue to support the development and operation of mining projects. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements. The forward-looking information contained herein is presently for the purpose of assisting investors in understanding the Company's plans and objectives and may not be appropriate for other purposes. Accordingly, readers are advised not to place undue reliance on forward-looking statements.
FOR FURTHER INFORMATION PLEASE CONTACT:
Lundin Mining Corporation
Sophia Shane
Investor Relations North America
604-689-7842
or
Lundin Mining Corporation
Robert Eriksson
Investor Relations Europe
+46 (701) 112615
www.lundinmining.com
MAY 11, 2009 - 12:15 ET
Lundin Mining Consents to Sale by HudBay of All Its Lundin Mining Shares
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View News Release in PDF Format TORONTO, ONTARIO--(Marketwire - May 11, 2009) - Lundin Mining Corporation (TSX:LUN)(OMX:LUMI) ("Lundin Mining" or the "Company") announced today that it has entered into an agreement with HudBay Minerals Inc. ("HudBay") consenting to the sale by HudBay of all of its shares in Lundin Mining pursuant an agreement to sell with GMP Securities L.P. The sale is expected to be completed by May 26, 2009.
Pursuant to the agreement, Lundin Mining and HudBay have agreed upon the closing of the sale to:
- terminate all continuing rights and obligations under the previously announced termination agreement dated February 23, 2009 (other than the mutual release and the reciprocal standstill covenant that expires on February 23, 2010) and all continuing rights and obligations of HudBay and Lundin under the previously announced subscription agreement dated November 21, 2008, as amended February 23, 2009; and
- a mutual release in respect of any and all claims connected with or arising from the subscription agreement and certain representations and warranties under the termination agreement.
Commenting on the sale by HudBay, Mr. Phil Wright, President and Chief Executive of Lundin Mining, said, "We are advised that there are no large, individual blocks being taken as part of this sale, which indicates that there is currently a high level of interest in the Company's stock from wide-ranging sources. We believe this brings the HudBay arrangements to a final satisfactory conclusion."
This press release is not an offer of common shares for sale in the United States. The common shares have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration.
ABOUT LUNDIN MINING
Lundin Mining Corporation is a diversified base metals mining company with operations in Portugal, Spain, Sweden and Ireland, producing copper, nickel, lead and zinc. In addition, Lundin Mining holds a development project pipeline which includes expansion projects at its Zinkgruvan and Neves-Corvo mines along with its equity stake in the world class Tenke Fungurume copper/cobalt project in the Democratic Republic of Congo. The Company also holds an extensive exploration portfolio and interests in international mining and exploration ventures.
On Behalf of the Board,
Phil Wright, President and CEO
Forward Looking Statements
Certain of the statements made and information contained herein is "forward-looking information" within the meaning of the Ontario Securities Act or "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934 of the United States. Forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking statements, including, without limitation, risks and uncertainties relating to foreign currency fluctuations; risks inherent in mining including environmental hazards, industrial accidents, unusual or unexpected geological formations, ground control problems and flooding; risks associated with the estimation of mineral resources and reserves and the geology, grade and continuity of mineral deposits; the possibility that future exploration, development or mining results will not be consistent with the Company's expectations; the potential for and effects of labour disputes or other unanticipated difficulties with or shortages of labour or interruptions in production; actual ore mined varying from estimates of grade, tonnage, dilution and metallurgical and other characteristics; the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses, commodity price fluctuations; uncertain political and economic environments; changes in laws or policies, foreign taxation, delays or the inability to obtain necessary governmental permits; and other risks and uncertainties, including those described under Risk Factors Relating to the Company's Business in the Company's Annual Information Form and in each management discussion and analysis. Forward-looking information is in addition based on various assumptions including, without limitation, the expectations and beliefs of management, the assumed long term price of copper, nickel, lead and zinc; that the Company can access financing, appropriate equipment and sufficient labour and that the political environment where the Company operates will continue to support the development and operation of mining projects. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements. Accordingly, readers are advised not to place undue reliance on forward-looking statements.
Cautionary Notes to Investors - Reserve and Resource Estimates
In accordance with applicable Canadian securities regulatory requirements, all mineral reserve and mineral resource estimates of the Company disclosed or incorporated by reference in this Annual Information Form have been prepared in accordance with Canadian National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101"), classified in accordance with Canadian Institute of Mining Metallurgy and Petroleum's "CIM Standards on Mineral Resources and Reserves Definitions and Guidelines" (the "CIM Guidelines"). The definitions of mineral reserves and mineral resources are set out in our disclosure of our mineral reserve and mineral resource estimates that are disclosed or incorporated by reference in this Annual Information Form.
The Company uses the terms "mineral resources", "measured mineral resources", "indicated mineral resources" and "inferred mineral resources". While those terms are recognized by Canadian securities regulatory authorities, they are not recognized by the United States Securities and Exchange Commission (the "SEC") and the SEC does not permit U.S. companies to disclose resources in their filings with the SEC.
Pursuant to the CIM Guidelines, mineral resources have a higher degree of uncertainty than mineral reserves as to their existence as well as their economic and legal feasibility. Inferred mineral resources, when compared with measured or indicated mineral resources, have the least certainty as to their existence, and it cannot be assumed that all or any part of an inferred mineral resource will be upgraded to an indicated or measured mineral resource as a result of continued exploration. Pursuant to NI 43-101, inferred mineral resources may not form the basis of any economic analysis, including any feasibility study. Accordingly, readers are cautioned not to assume that all or any part of a mineral resource exists, will ever be converted into a mineral reserve, or is or will ever be economically or legally mineable or recovered.
FOR FURTHER INFORMATION PLEASE CONTACT:
Lundin Mining Corporation
Sophia Shane
Investor Relations North America
604-689-7842
or
Lundin Mining Corporation
Robert Eriksson
Investor Relations Europe
+46 (701) 112615
www.lundinmining.com
MAY 7, 2009 - 09:30 ET
Lundin Mining Releases 2009 First Quarter Results
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View News Release in PDF Format TORONTO, ONTARIO--(Marketwire - May 7, 2009) - Lundin Mining Corporation ("Lundin Mining" or the "Company") (TSX:LUN)(OMX:LUMI) today reported an unaudited net loss for the quarter of $8.6 million, or $0.02 per share. Operating earnings were $38.2 million, down from $182.9 million in the first quarter of 2008. Cash flow from operations for the quarter was a cash outflow of $63.3 million, compared to a small inflow of $3.5 million in the first quarter of 2008.
-------------------------------------------------------------------------- January - MarchUS $ millions, except earnings per share 2009 2008--------------------------------------------------------------------------Sales 123.4 305.7Operating earnings (1) 38.2 182.9Net (loss) earnings before discontinued operations (14.2) 81.3Net (loss) earnings (8.6) 78.8
Basic and diluted (loss) earnings per share: From continuing operations (0.03) 0.21 From discontinued operations 0.01 (0.01)--------------------------------------------------------------------------Basic and diluted (loss) earnings per share (0.02) 0.20--------------------------------------------------------------------------Cash flow from operations (63.3) 3.5--------------------------------------------------------------------------1) Operating earnings is a Non-GAAP measure defined as sales, less operating costs, accretion of asset retirement obligation ("ARO") and other provisions, selling, general and administration costs and stock-based compensation.
Commenting on the quarter, Mr. Phil Wright, President and CEO said "This quarter has probably represented the bottom for us in terms of cash flow and earnings. We paid out $68.1 million in customer settlements that related to last quarter's severe price falls and, post this, all our mining operations are now cash flow positive.
"The recent equity raising, coupled with a limited-term copper hedge, has removed the liquidity concerns we had at the start of the quarter and we are now in a position to be able to finalize a suitable debt facility in the near future. We expect this new facility to be in the order of $225 million, an amount that we judge to be more than adequate to meet our needs over the next few years.
"On the operating front, our wholly-owned operations continue to perform well with a lower cost base and it is with a great deal of satisfaction that we have seen the Tenke copper/cobalt project start-up and finalize its first shipment of copper to market.
"This quarter has been a real watershed for us and strategically we are now looking for new opportunities to create value knowing that we have a very sound platform comprising long-life, low-cost assets off which to work," Mr. Wright said.
Highlights
- Sales for the quarter were $123.4 million, down 60% compared to sales in the first quarter of 2008 of $305.7 million. The decline is entirely related to lower metal prices.
- Operating cost performance improved primarily due to decrease in treatment and refining charges of $22.8 million and cost control initiatives which involved a reduced number of contractors and lower materials costs. Total operating costs decreased by $28.2 million to $76.8 million from $105.0 million in the first quarter of 2008. The US dollar-denominated cash cost per pound of metal produced was aided by a weakening of the Euro and Swedish krona.
- Operating earnings reduced by $144.7 million from $182.9 million in the first quarter of 2008 to $38.2 million in 2009. Price and price adjustments on previous concentrate sales accounted for a reduction of approximately $191 million, and this was partially offset by cost improvements at the operations and more favourable exchange rates.
- Cash flow from operations for the quarter was a cash outflow of $63.3 million, compared to a small inflow of $3.5 million in the first quarter of 2008. The Company paid $68.1 million to customers during the quarter for settlement of sales that occurred in previous periods.
- The Company announced the production of first copper was achieved during the quarter at the Tenke Fungurume copper-cobalt project in which the Company holds a 24.75% interest. This was followed shortly thereafter by the first shipment of copper cathode from the operation. The project is still expected to reach commercial production in the second half of 2009, targeting full production for Phase I of 115,000 tonnes per annum ("tpa") copper and at least 8,000 tpa cobalt.
- In March, the Company reported its Mineral Reserve and Resource estimates as at December 31, 2008. Notable items were: the replacement of mined reserves at the Company's two key operations of Neves-Corvo and Zinkgruvan; an initial copper reserve at Zinkgruvan; large copper reserves at Tenke Fungurume.
- The updated estimates also include a large increase in zinc reserves and resources at Neves-Corvo. Neves-Corvo is now not only a major copper producer but also a world-class zinc deposit and overall remains under-explored.
- In February, the Company agreed to terminate the plan of arrangement with HudBay Minerals Inc. that had been entered into in November of 2008.
Financial Position
- Net debt(1) at March 31, 2009 was $259.5 million, as compared to a net debt of $145.5 at December 31, 2008. The increase in net debt during the quarter was primarily attributable to the cash outflow on the settlement of sales for which provisional payments had been previously received, as well as cash outlays on disposal of Aljustrel and capital expenditures.
- On April 27th the Company closed a bought-deal public offering for total net proceeds of C$180.6 million ($149.2 million). The Company issued 92 million common shares of the Company at a price of C$2.05 per share.
- During April, the Company entered into multiple option collar arrangements to protect against near-term decreases in the price of copper. The contracts establish a weighted average floor price of $1.87 per pound and a weighted average maximum price cap of $2.39 per pound. The contracts, which come due over the next 12 months, are for approximately 40,000 tonnes of copper.
- Cash on hand at March 31, 2009 was $51.3 million. Cash on hand at May 4, 2009 was approximately $135.1 million.
Outlook
- Production outlook for 2009 is unchanged:
-------------------------------------------------------------------------- Production Outlook(contained metal in tonnes) 2009--------------------------------------------------------------------------Copper(i) 90,000Zinc 98,000Lead 40,000Nickel 6,800--------------------------------------------------------------------------(i) No tonnage included for Tenke
- Market outlook remains uncertain. Although prices have recovered somewhat since December's lows, the physical metal markets lack transparency and the Company remains prepared for any directional changes in near-term metal prices. Operating plans for Neves-Corvo have been secured by the hedging arrangements for 40,000 tonnes of copper which ensures positive cash flow even if copper prices fall back to December's lows of $1.30 per pound.
- Cash costs per pound are still expected to be in the region of 10% below 2008 but are dependent on exchange rates.
- Neves-Corvo and Zinkgruvan will continue to be free cash flow(2) positive and large amounts payable to customers at year end which drained cash balances have now been settled. Aguablanca is cash flow positive at current prices and will continue to be monitored to ensure it remains viable.
- Capital expenditures for the year are expected to be around $130 million which includes: $50 million of sustaining capital; $30 million of new investment in existing operations relating to the Zinkgruvan copper project and the Neves-Corvo zinc expansion; and in the range of $40 - $50 million for Tenke (covering pro rata working capital, exploration drilling, expansion studies and other minor costs).
- The Company expects that its consistent operational performance and the completion of the bought deal financing for net proceeds of C$180.6 million ($149.2) should assist in the satisfactory restructuring of the credit facility during the second quarter.
First Quarter 2009 Results
Financial and Operational Highlights
Three months ended March 31(USD millions, except per share amounts) 2009 2008 ----------- -----------Sales 123.4 305.7Operating earnings (1) 38.2 182.9Depletion, depreciation & amortization (43.5) (52.9)General exploration and project investigation (5.3) (10.1)Interest and bank charges (4.0) (3.4)Foreign exchange loss (7.2) (6.2)Loss on forward sales contracts - (1.2)Other income and expenses 1.2 2.8 ----------- -----------(Loss) earnings from continuing operations before discontinued operations and income taxes (20.6) 111.9
Income tax recovery (expense) 6.4 (30.6) ----------- -----------Net (loss) earnings after taxes before discontinued operations (14.2) 81.3Net income (loss) from discontinued operations 5.6 (2.5) ----------- -----------Net (loss) income (8.6) 78.8 ----------- ----------- ----------- -----------
Shareholders' Equity 2,580.4 3,750.0Cash flow from operations (63.3) 3.5Capital expenditures (33.6) (79.3)Net debt (2) 259.5 104.2
Key Financial Data Three months ended March 31 2009 2008 ----------- -----------Shareholders' equity per share (3) 5.29 9.61Basic (loss) earnings per share (0.02) 0.20Basic (loss) earnings per share before discontinued operations (0.03) 0.21Diluted (loss) earnings per share (0.02) 0.20Diluted (loss) earnings per share before discontinued operations (0.03) 0.21Dividends Nil NilEquity ratio (4) 0.75 0.74Shares outstanding: Basic weighted average 487,433,771 390,821,044 Diluted weighted average 487,433,771 390,942,398 End of period 487,433,771 390,413,431
Production Summary Three months ended March 31(excluding Aljustrel) 2009 2008 Change---------------------------------------------------------------------------Copper (tonnes) 24,240 24,940 -2.8%Zinc (tonnes) 34,277 40,062 -14.4%Lead (tonnes) 12,870 12,577 2.3%Nickel (tonnes) 1,961 1,848 6.1%
(1) Operating earnings is a Non GAAP measure defined as sales, less operating costs, accretion of asset retirement obligation ("ARO") and other provisions, selling, general and administration costs and stock based compensation. See page 22 of this MD&A for discussion of Non GAAP measures.(2) Net debt/(surplus) is a Non GAAP measure defined as available unrestricted cash less financial debt, including capital leases and other debt related obligations.(3) Shareholders' equity per share is a Non GAAP measure defined as shareholders' equity divided by total number of shares outstanding at end of period.(4) Equity ratio is a Non GAAP measure defined as shareholders' equity divided by total assets at the end of period.
The 2009 first quarter financial statements, management's discussion and analysis and notes to the financial statements are available on Sedar (www.sedar.com) or the Company's website (www.lundinmining.com).
About Lundin Mining
Lundin Mining Corporation ("Lundin", "Lundin Mining" or the "Company") is a diversified base metals mining company with operations in Portugal, Spain, Sweden and Ireland, producing copper, nickel, lead and zinc. In addition, Lundin Mining holds a development project pipeline which includes expansion projects at its Zinkgruvan and Neves-Corvo mines along with its equity stake in the world class Tenke Fungurume copper/cobalt project in the Democratic Republic of Congo. The Company also holds an extensive exploration portfolio and interests in international mining and exploration ventures.
On Behalf of the Board,
Phil Wright, President and CEO
Forward Looking Statements
Certain of the statements made and information contained herein is "forward-looking information" within the meaning of the Ontario Securities Act or "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934 of the United States. Forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking statements, including, without limitation, risks and uncertainties relating to foreign currency fluctuations; risks inherent in mining including environmental hazards, industrial accidents, unusual or unexpected geological formations, ground control problems and flooding; risks associated with the estimation of mineral resources and reserves and the geology, grade and continuity of mineral deposits; the possibility that future exploration, development or mining results will not be consistent with the Company's expectations; the potential for and effects of labour disputes or other unanticipated difficulties with or shortages of labour or interruptions in production; actual ore mined varying from estimates of grade, tonnage, dilution and metallurgical and other characteristics; the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses, commodity price fluctuations; uncertain political and economic environments; changes in laws or policies, foreign taxation, delays or the inability to obtain necessary governmental permits; and other risks and uncertainties, including those described under Risk Factors Relating to the Company's Business in the Company's Annual Information Form and in each management discussion and analysis. Forward-looking information is in addition based on various assumptions including, without limitation, the expectations and beliefs of management, the assumed long term price of copper, nickel, lead and zinc; that the Company can access financing, appropriate equipment and sufficient labour and that the political environment where the Company operates will continue to support the development and operation of mining projects. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements. Accordingly, readers are advised not to place undue reliance on forward-looking statements.
Cautionary Notes to Investors - Reserve and Resource Estimates
In accordance with applicable Canadian securities regulatory requirements, all mineral reserve and mineral resource estimates of the Company disclosed or incorporated by reference in this Annual Information Form have been prepared in accordance with Canadian National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101"), classified in accordance with Canadian Institute of Mining Metallurgy and Petroleum's "CIM Standards on Mineral Resources and Reserves Definitions and Guidelines" (the "CIM Guidelines"). The definitions of mineral reserves and mineral resources are set out in our disclosure of our mineral reserve and mineral resource estimates that are disclosed or incorporated by reference in this Annual Information Form.
The Company uses the terms "mineral resources", "measured mineral resources", "indicated mineral resources" and "inferred mineral resources". While those terms are recognized by Canadian securities regulatory authorities, they are not recognized by the United States Securities and Exchange Commission (the "SEC") and the SEC does not permit U.S. companies to disclose resources in their filings with the SEC.
Pursuant to the CIM Guidelines, mineral resources have a higher degree of uncertainty than mineral reserves as to their existence as well as their economic and legal feasibility. Inferred mineral resources, when compared with measured or indicated mineral resources, have the least certainty as to their existence, and it cannot be assumed that all or any part of an inferred mineral resource will be upgraded to an indicated or measured mineral resource as a result of continued exploration. Pursuant to NI 43-101, inferred mineral resources may not form the basis of any economic analysis, including any feasibility study. Accordingly, readers are cautioned not to assume that all or any part of a mineral resource exists, will ever be converted into a mineral reserve, or is or will ever be economically or legally mineable or recovered.
(1) Net debt/(surplus) is a Non-GAAP measure defined as available unrestricted cash less financial debt, including capital leases and other debt related obligations.
(2) Free cash flow is a Non-GAAP measure defined as cash flows from operations, less sustaining capital expenditures.
All amounts are expressed in US dollars unless otherwise noted.
FOR FURTHER INFORMATION PLEASE CONTACT:
Lundin Mining Corporation
Sophia Shane
Investor Relations North America
+1-604-689-7842
or
Lundin Mining Corporation
Josh Crumb
Investor Relations Toronto
+1-416-342-5565
or
Lundin Mining Corporation
Robert Eriksson
Investor Relations Sweden
+46 8 545 015 50
www.lundinmining.com
How do you view L2 for Pinks
What site do you go to
Hey guys ... I have been watching this stock for a few months now ... and I will tell you that if someone purchased 35 Million Shares after hours ... there is a reason ... something is ready to explode come tomorrow or Tuesday ... no company will through 200000 USD in a Pink Sheet stock if they were not sure of it ...
This stock will SHOCK all of you tomorrow ... it may even open over the 0.0095 mark tomorrow ... and if it does ... we will see buy'ing pressor over 0.02 cents by close.
And remember ... REDBULL has Two Formula 1 Cars ... and in Australia 1 in every 8 people drink 1 or more cans a day ...
Crazy Profit
0.005 .. waiting for 0.0055
Really .. 31 Percent in one day is just fine with me ..
Don't worry Monday it will open higher then a penny
Over 160 million volume and not even 2 million to drop this ... it is all MM Games
Does anyone have level 2
Is there somewhere we can see Level 2 Bid and Ask
A site
mine does not show Pinnk sheets
HKBV - 0.0055
FRONT PAGE ON GOOGLE >>> Millions of eys on this
This thing is going to hit .009 today ... if it moves like yesterday ... I am happy with .006
but the trend looks like it may move to .009 before end of day
40 million VOL
I just purchased 250000 shares ...
I can't beleive that the 3's are back ... could see 2's again today ... and or even 1's by end of week
This sucks
Why are the trades blocks sooo small?????
03/11/08 13:01:10 0.0003 0.0002 0.0003 1750000
03/11/08 13:01:44 0.0002 0.0002 0.0003 500000
03/11/08 13:27:38 0.0003 0.0002 0.0003 18833
03/11/08 13:33:25 0.0002 0.0002 0.0003 200000
03/11/08 13:37:50 0.0003 0.0002 0.0003 100000
03/11/08 13:48:04 0.0003 0.0002 0.0003 10000
03/11/08 13:48:19 0.0003 0.0002 0.0003 1000000
03/11/08 13:57:19 0.0003 0.0002 0.0003 225000
03/11/08 13:57:53 0.0003 0.0002 0.0003 1000000
03/11/08 14:04:45 0.0003 0.0002 0.0003 10000
03/11/08 14:05:02 0.0003 0.0002 0.0003 1000000
03/11/08 14:08:40 0.0003 0.0002 0.0003 1380000
03/11/08 14:10:08 0.0003 0.0002 0.0003 120000
03/11/08 14:22:27 0.0003 0.0002 0.0003 239000
03/11/08 14:23:01 0.0003 0.0002 0.0003 50000
Stop posting old news ... nothing has changed other then the fact that some 1's were filled
Todays fills : 3's are comming
Price BID ASK Volume
02/29/08 09:43:55 0.0003 0.0002 0.0003 55855764
02/29/08 09:49:12 0.0003 0.0002 0.0003 0
02/29/08 09:51:51 0.0002 0.0002 0.0003 3000000
02/29/08 09:53:39 0.0002 0.0002 0.0003 832133
02/29/08 09:58:56 0.0002 0.0002 0.0003 200000
02/29/08 10:06:25 0.0003 0.0002 0.0003 50000
02/29/08 10:06:59 0.0002 0.0002 0.0003 7900000
02/29/08 10:08:14 0.0002 0.0002 0.0003 0
02/29/08 10:26:06 0.0002 0.0002 0.0003 696969
02/29/08 10:27:37 0.0003 0.0002 0.0003 186000
02/29/08 10:28:43 0.0003 0.0002 0.0003 830000
02/29/08 10:28:51 0.0003 0.0002 0.0003 5000
02/29/08 10:29:34 0.0002 0.0002 0.0003 3454997
02/29/08 10:29:37 0.0002 0.0002 0.0003 5000
02/29/08 10:39:55 0.0003 0.0002 0.0003 33000
02/29/08 10:56:04 0.0003 0.0002 0.0003 800000
02/29/08 10:59:53 0.0003 0.0002 0.0003 400000
02/29/08 11:02:06 0.0003 0.0002 0.0003 546659
02/29/08 11:05:04 0.0003 0.0002 0.0003 633333
02/29/08 11:06:00 0.0002 0.0002 0.0003 3475000
02/29/08 11:22:43 0.0003 0.0002 0.0003 3100000
02/29/08 11:30:12 0.0003 0.0002 0.0003 265000
02/29/08 11:30:19 0.0003 0.0002 0.0003 2050000
02/29/08 11:30:27 0.0003 0.0002 0.0003 1250000
02/29/08 11:30:40 0.0003 0.0002 0.0003 50000
02/29/08 11:33:55 0.0003 0.0002 0.0003 170000
02/29/08 11:34:55 0.0003 0.0002 0.0003 1500000
02/29/08 11:38:24 0.0003 0.0002 0.0003 3000000
02/29/08 11:56:56 0.0003 0.0002 0.0003 2500000
Todays Fills
02/29/08 09:43:55 0.0003 0.0002 0.0003 55855764
02/29/08 09:49:12 0.0003 0.0002 0.0003 0
02/29/08 09:51:51 0.0002 0.0002 0.0003 3000000
02/29/08 09:53:39 0.0002 0.0002 0.0003 832133
02/29/08 09:58:56 0.0002 0.0002 0.0003 200000
02/29/08 10:06:25 0.0003 0.0002 0.0003 50000
02/29/08 10:06:59 0.0002 0.0002 0.0003 7900000
02/29/08 10:08:14 0.0002 0.0002 0.0003 0
02/29/08 10:26:06 0.0002 0.0002 0.0003 696969
02/29/08 10:27:37 0.0003 0.0002 0.0003 186000
02/29/08 10:28:43 0.0003 0.0002 0.0003 830000
02/29/08 10:28:51 0.0003 0.0002 0.0003 5000
02/29/08 10:29:34 0.0002 0.0002 0.0003 3454997
02/29/08 10:29:37 0.0002 0.0002 0.0003 5000
02/29/08 10:39:55 0.0003 0.0002 0.0003 33000
02/29/08 10:56:04 0.0003 0.0002 0.0003 800000
02/29/08 10:59:53 0.0003 0.0002 0.0003 400000
02/29/08 11:02:06 0.0003 0.0002 0.0003 546659
02/29/08 11:05:04 0.0003 0.0002 0.0003 633333
02/29/08 11:06:00 0.0002 0.0002 0.0003 3475000
02/29/08 11:22:43 0.0003 0.0002 0.0003 3100000
I got 1 million shares about 15 min ago @ .0003
It was filled in two lots
Im in for 10 million ...
Hey Guys ... what do you think about this stock
Railpower Technologies (RLPPF)
It is up over 100 Percent
TSE:P is going nuts ... over 100 Percent
Amazing company
35 million invested
MONSTER STOCK tse:p
http://stockcharts.com/h-sc/ui?s=P.TO&p=D&b=5&g=0&id=0
CA:P - American Bulls - HOLD
http://www.americanbulls.com/StockPage.asp?CompanyTicker=P&MarketTicker=TSE&TYP=S
I have been making over 1000 dollars a day off this website
This stock has moved from .25 to 60 Cents in just 4 days
125 Percent ... Amazing company check the chart out
Railpower announces shareholder approval of $35 million investment by Ontario Teachers' Pension Plan
Last Update: 12/18/2007 11:37:12 AM
TSX - symbol - CA:P
http://stockcharts.com/h-sc/ui?s=p.to
This stock has moved from .25 to 60 Cents in just 4 days
125 Percent ... Amazing company check the chart out
Railpower announces shareholder approval of $35 million investment by Ontario Teachers' Pension Plan
Last Update: 12/18/2007 11:37:12 AM
TSX - symbol - CA:P
http://stockcharts.com/h-sc/ui?s=p.to
Railpower announces shareholder approval of $35 million investment by Ontario Teachers' Pension Plan
Last Update: 12/18/2007 11:37:12 AM
MONTREAL, Dec. 18, 2007 (Canada NewsWire via COMTEX) -- Railpower Technologies Corp. (P) today announced that its shareholders voted in favour of an investment of $35Â million by the Ontario Teachers' Pension Plan (OTPP), one of Canada's most prominent and well respected institutional investors. Shareholders approved all required resolutions by a show of hands at a special meeting held earlier today in Montreal with proxies received voting in excess of 97.5 per cent in favour of these resolutions. There are remaining conditions to be satisfied before the transaction closes.
"The board of directors was unanimous that this private placement was in the best interests of Railpower and recommended that shareholders approve the investment. I am happy to report that shareholders voted overwhelmingly in favour of this investment," said Norman Gish, Chairman of Railpower, adding that upon closing the company will have a strong financial partner to ensure its future growth and success.
"We appreciate the confidence that Teachers and shareholders have demonstrated by investing in our clean energy technology and its worldwide potential applications, said José Mathieu, President and Chief Executive Officer of Railpower. "We now turn to a new chapter with this investment, which will allow us to develop and market leading edge technologies that will meet and exceed North American environmental norms and satisfy customer expectations for greener technology applications."
The investment is a convertible debenture which will have a maturity date of five years from its date of issuance and will have an interest rate of 5% per annum, payable semi-annually in either cash or common shares, at the discretion of Railpower. The initial principal amount of the debenture will be convertible, at the election of the holder, in whole or in part, into either common shares or a new class of convertible restricted voting shares to be created by the Corporation, or any combination thereof, at a conversion ratio of $0.30 per share, representing up to 116,666,667 shares. The new class of convertible restricted voting shares will be convertible into common shares, at the option of the holder, on a one-for-one, share-for-share basis (subject to customary adjustments, including for subdivision or consolidation).
Following the approval by shareholders, Railpower believes to be in a position to satisfy all other closing conditions in order for a closing to occur on or about January 4, 2008.
At today's meeting, the creation of a new class of convertible restricted voting shares was also approved by the shareholders.
About Railpower
Railpower Technologies (P) develops, markets, produces and sells specialized, patented, environment-friendly technology systems for the transportation and related industries. Railpower's technologies significantly reduce fuel usage, operating and maintenance costs and emissions. While Railpower's origins are in the transportation industry, its technologies have broad potential and applications in other markets and industries. Railpower is headquartered in Brossard, Quebec. Its U.S. office is located in Erie, Pennsylvania. ( www.railpower.com )
About Ontario Teachers' Pension Plan
With $106 billion in net assets as of December 31, 2006, the Ontario Teachers' Pension Plan is the largest single-profession pension plan in Canada. An independent organization, it invests the pension fund's assets and administers the pensions of 271,000 active and retired teachers in Ontario. At year end, approximately 40 percent of the fund was invested in public equities. As a long-term investor in Canadian stocks, the Ontario Teachers' Pension Plan's public equities program features a Relationship Investing portfolio that includes large-scale strategic investments in public companies.
Caution regarding forward-looking statements
Certain statements contained in this release contain forward-looking statements. When used in this document, the words "may", "would", "could", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" and similar expressions may be used to identify forward-looking statements. Those statements reflect our current views with respect to future events or conditions, including prospective results of operations, financial position, predictions of future actions, plans or strategies. Certain material factors and assumptions were applied in drawing our conclusions and making those forward looking statements. By their nature, those statements reflect management's current views, beliefs and assumptions and are subject to certain risks and uncertainties, known and unknown, including, without limitation, product development or manufacturing delays, changing environmental regulations, the ability to attract and retain business partners, the acceptance of our existing and new products, future levels of government funding, the need to obtain and maintain proprietary rights over our technology, competition from other technologies, the ability to access the capital required for research, product development, operations and marketing, the need to generate positive cash flow in the foreseeable future, changes in energy prices and currency levels. Many factors could cause our actual results, performance or achievements to be materially different from any future results, performance or achievements that may be expressed or implied by these forward-looking statements. There can be no assurance that the Corporation will satisfy all conditions required to complete the private placement on or before January 31, 2008. Should one or more of these risks or uncertainties materialize, or should the assumptions underlying our projections or forward-looking statements prove incorrect, our actual results may vary materially from those described in this report as intended, planned, anticipated, believed, estimated, or expected. We do not intend and do not assume any obligation to update these forward-looking statements whether as a result of new information, plans, events or otherwise.
%SEDAR: 00016554EF
SOURCE: RAILPOWER TECHNOLOGIES CORP.
Mr. José Mathieu, President and CEO, Railpower Technologies Corp.,
(450)678-5277, ext. 501, Toll free: 1-866-678-5277, jmathieu@railpower.com
Union Pacific and the Texas Commission on Environmental Quality Announce Significant Clean Air Progress
Last Update: 12/12/2007 12:00:02 PM
DALLAS, Dec 12, 2007 (BUSINESS WIRE) -- Today, the Texas Commission on Environmental Quality (TCEQ) and Union Pacific announced a 57 percent over-achievement of the contract goal for emission reduction in Texas with the help of new environmentally friendly ultra-low emission switch locomotives.
Developed with incentives from the TCEQ's Texas Emission Reduction Program (TERP) to help improve air quality in the state, Union Pacific is operating the ultra-low emission switch locomotives in rail facilities in the Dallas/Fort Worth, Houston and San Antonio metro areas. Of the 98 switch locomotives, 46 units are serving the Dallas/Fort Worth Metroplex, 43 units are serving the Houston metro area, and nine units are serving the San Antonio metro area. When compared to older units being replaced, each ultra-low emission switch locomotive reduces nitrogen oxide and particulate matter emissions by 54 to 63 percent, while using about 30 percent less fuel. The fuel savings also mean a reduction of greenhouse gases of about 30 percent.
"Today, the state of Texas and Union Pacific are pleased to present Dallas, Fort Worth, Houston and San Antonio these environmentally friendly locomotives, which are helping achieve cleaner air," said TCEQ Chairman Buddy Garcia. "Through incentives from the Texas Emission Reduction Program and an investment by Union Pacific, there are now 98 ultra-low emission locomotives providing over 38 percent of all the emission reductions for the TERP projects approved in 2005."
Manufactured by Railpower Technologies Corp., the 98 new 2,000-horsepower "Generator-Set" or "Genset" locomotives are powered by three 667-horsepower, ultra-low emissions EPA Tier 3-certified off-road diesel engines. Each engine turns a generator that produces electricity for motors connected to the axles of the locomotive wheels.
"Union Pacific truly appreciates the vision and great flexibility of the TCEQ to provide the incentives to encourage the development of the ultra-low emission Genset technology," said Joe Adams, vice president - Public Affairs for Union Pacific's Southern Region. "We look forward to working with the TCEQ in the future to continue to help reduce emissions in the state."
Union Pacific began studies and tests of a Genset locomotive in 2002. Today, the company has a total of 159 of these types of units, which are also serving facilities in California.
Along with the 98 new Genset switch locomotives operating in Texas, Union Pacific also operates 10 hybrid "Green Goat" ultra low-emission locomotives and 13 other low-emission locomotives.
Union Pacific's "Green" Fleet
Currently, about 50 percent of Union Pacific's more than 8,500-unit locomotive fleet is certified under existing EPA Tier 0, Tier 1 or Tier 2 regulations governing air emissions. That gives Union Pacific the most environmentally friendly locomotive fleet in the nation.
Union Pacific is also testing "aftermarket" technologies to determine if they reduce emissions in older locomotives. Among these is an experimental "oxidation catalyst" filtering canister or "Oxicat" installed in a high-horsepower long-haul locomotive. This is the North American rail industry's first long-haul diesel electric locomotive modified with "after-market" experimental technology aimed at reducing exhaust emissions. The special catalytic material chemically reduces the amount of unburned hydrocarbons, carbon monoxide and particulate matter generated by the diesel engine, much like a catalytic converter on today's cars and trucks.
Union Pacific is also testing a Diesel Particulate Filter (DPF) attached to a low-horsepower yard locomotive. This year-long field test is also the North American rail industry's first experimental "after-market" exhaust system filter to determine if it will reduce diesel engine emissions in older locomotives used in rail yards.
About Union Pacific
Union Pacific Corporation owns one of America's leading transportation companies. Its principal operating company, Union Pacific Railroad, links 23 states in the western two-thirds of the country and serves the fastest-growing U.S. population centers. Union Pacific's diversified business mix includes Agricultural Products, Automotive, Chemicals, Energy, Industrial Products and Intermodal. The railroad offers competitive long-haul routes from all major West Coast and Gulf Coast ports to eastern gateways. Union Pacific connects with Canada's rail systems and is the only railroad serving all six major gateways to Mexico, making it North America's premier rail franchise.
About Railpower
Railpower Technologies (P) is engaged in the development, construction, marketing and sales of specialized, patented, environmentally friendly technology systems for the freight transportation and related industries. Railpower's technologies significantly reduce fuel usage, operating and maintenance costs and emissions. While Railpower's origins are in the freight transportation industry, its technologies have broad potential and applications in other markets and industries. Railpower's corporate headquarters is in Montreal, Quebec, with the U.S. office in Erie, Pennsylvania. ( www.railpower.com )
SOURCE: Union Pacific
Union Pacific
Joe Arbona, 832-257-4363
Hey Guys,
I am looking for a New Stock to purchase and I was wondering if anyone had any good buys
Looking for something to make some quick Cash off a few Dollars
I agree...
This is a GOLD mine STOCK ... the Loss we saw yesterday is from Flippers that got in at SUB Penny
Whould you sell a few shares if you purchased @ 0.003 ???
I know I would !!!
Tomorrow will be a new DAY and this stock will move EXTREMELY FAST if there is a Little Volume ...
We could see another 100 - 200 Percent with under 500000 Shares
Have Fun Today when the market opens ... this stock will hit the DOLLARS in the next few days or Weeks.
Flippers are holding this one down ... once a little Volume comes in ... BANG .. were in the 5's 6's 7's 8' 9's
By selling at 4's ... you are just giving the shares away ... wait till tomorrow ... when the demand is higher ...
You will get double 8's & 9's
TUIC + 70% Today .. Yesterday over + 200%
0.06 IS NOW AT THE ASK
GET THEM IN THE PENNYS WHILE YOU STILL CAN
GOING UP... UP... UP... UP... UP... UP... UP... INTO THE DOLLARS
TUIC + 70% Today .. Yesterday over + 200%
0.06 IS NOW AT THE ASK
GET THEM IN THE PENNYS WHILE YOU STILL CAN
GOING UP... UP... UP... UP... UP... UP... UP... INTO THE DOLLARS
0.06 IS NOW AT THE ASK
GET THEM IN THE PENNYS WHILE YOU STILL CAN
GOING UP... UP... UP... UP... UP... UP... UP... INTO THE DOLLARS
WOW, O/S count is only 5.72M
THIS STOCK SHOULD BE OVER 10 CENTS .... BY FRIDAY
IF IT KEEPS MOVING THE WAY IT IS ... MAYBE EVEN DOLLARS BY END OF MONTH
Someone is dumping a few milion shares today.
Stupid move ... within the next few days this will be in the 0.03's again and once this happens ... thouse of you that bought in at 0.05 will be happy because it will bounce right back into the 0.08's ...
Keep this in mind
I agree "Miagi"
MONDAY will open with a Stong Investors ... as it is leeding to the END of the month.
Normally we have been doing very well at the beginning of every month.
So ... overall ... the 20 Cent Stock is comming
Sorry for BASHING a few days ago on SWVC
I just looked over this stock's 8k once again .. and I made a real big mistake ... this stock is a gold mine ..
If they are planning on 50+ stores this stock is going to go crazy.
I have just bought my 1 million shares once again ... I started this morning.
GOOOOOOOOOOOOOOOOOOOO SWVC
Look at the MACD .. Going DOWN DOWN DOWN ... we will see 0.020 or 0.019