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Private Placement – Riverside Resources (RRI: TSX-V)
2008-04-23 20:33:00 Official Website: http://www.rivres.com/s/Home.aspCompany ProfileRiverside Resources Inc. (RRI: TSX-V) operates under a joint-venture, shared-risk business model that capitalizes on the company's technical knowledge and its vast experience in the field. The company acquires quality projects that have unrecognized upside and solid potential for discoveries. Riverside will grow by undertaking the high-return exploration and evaluation work that is needed to justify further development. With a dedicated team of proven resource discovers, the company generates a high quality property portfolio and then partners with others to conduct the extraction of mineral assets. Riverside is predominantly active in Mexico and continues to look for excellent projects with significant discovery potentialEventOn April 21st, 2008 – the TSX Venture Exchange Daily Bulletin reported that the TSX Venture Exchange had accepted for filing documentation with respectto a Non-Brokered Private Placement annou...
Company Update on Axmin Inc. (AXM: TSX-V)
2008-04-23 15:30:00 On April 22nd /08 Canaccord Adams analyst Nicholas Campbell provided an update on Axmin Inc. (AXM: TSX-V)Company ProfileAXMIN is focused on mineral exploration and development in West Africa. The company's primary asset is the Passendro Gold project, within the Bambari-Bakala permit, with current resources defined at 2.8 million ounces of Au. Axmin is also exploration the Kofi (Mali) and Nimini Hills (Sierra Leone) projects, which host a combined resource of roughly 1.1 million ounces of Au.Click here to view previous coverage of Axmin Inc. (AXM: TSX-V) from April 4, 2008EventIn a note entitled “DRILLING AT TOPA IRON ORE PROJECT CONFIRMS HIGH GRADES” Campbell explains the reasons behind his Speculative Buy rating and target price of C$1.30/sh.Takeaways From The EventResponding to Axmin’s results from the first five diamond drill holes completed on the Topa iron ore project, Campbell writes “These initial drill holes are part of a 48-hole drill program (13 diamond and 35 RC)... More About: Update
Private Placement – 222 PIZZA EXPRESS CORP. (PIZ.H: TSX-V)
2008-04-22 18:21:00 Official Website: There is currently no official website or relevant information available about 222 PIZZA EXPRESS CORP. as it is most likely a ‘Shell’ company.What is a ‘Shell’ company?In general, a shell company is a company that exists but does not actually do any business or have any assets. A listed shell company must have had an active business in the past, or it could not have met the requirements for a listing.A cash shell is a shell company with a bit of cash or investments added. Listed shells are often involved in reverse takeovers. A reverse takeover is a transaction whereby a company’s shareholders may gain control of another (private or listed) company by merging it in with their company. A reverse takeover will almost always take place by way of a pure equity acquisition, also called a share swap.EventOn April 21st , 2008 – the 222 PIZZA EXPRESS CORP. announced that it had “completed the $1.5 million private placement previously announced on March 28, 20... More About: Pizza , Private , Express
Company Update on Coastal Energy (CEN: TSX-V)
2008-04-22 17:01:00 On April 21st/08 RBC Capital Markets analyst Nathan Piper provided an update on Coastal Energy (CEN: TSX-V)Company ProfileCoastal Energy is an international exploration and production company focused on Southeast Asia. The Company's current operations are based in Thailand where it has production from the onshore Phu Horm gas field and development opportunities in the Gulf of Thailand. The Company currently produces in the range of 12 million cubic feet of gas per day (approximately 2000 barrels oil equivalent per day) from the Phu Horm gas field located in north east Thailand and has a number of offshore oil fields currently under development.Click here to view previous coverage of Coastal Energy (CEN: TSX-V) from March 17, 2008EventIn a note entitled “Reserves upgrade, increased NAV and Price Target” Piper explains the reasons behind his Outperform rating and target price of $7.25/sh.Takeaways From The EventResponding to Coastal’s summary report of its 2007 year-end reserve... More About: Update
Company Update on Aurelian Resources (ARU: TSX)
2008-04-21 14:24:00 On April 18th/08 RBC Capital Markets analyst Michael Curran and Haywood Securities analyst Eric Zaunscherb provided an update on Aurelian Resources (ARU: TSX)Company ProfileAurelian Resources Inc. (TSX: ARU) focused on their wholly-owned Condor Project, consisting of approximately 95,000 hectares in south-eastern Ecuador. Fruta del Norte (FDN), their flagship epithermal gold-silver deposit, was discovered in April 2006 and has a NI 43-101 compliant initial inferred resource of 13.7 million ounces of gold (58.9 million tonnes grading 7.23 g/t gold.Click here to view previous coverage of Aurelian Resources (ARU: TSX) from January 29, 2008EventIn notes entitled “Ecuador: Temporary Troubles For All?” and “Constituent Assembly Proposal Escalates Risk and Halves Price Target” Curran and Zaunscherb explain the reasons behind their Sector Perform and Sector Underperform ratings and target prices of $10.00/sh and $6.00/sh respectively.Takeaways From The EventResponding to news that E... More About: Update
Company Update on Anatolia Minerals (ANO: TSX)
2008-04-21 04:26:00 On April 17th/08 RBC Capital Markets analyst Michael Curran provided an update on Anatolia Minerals (ANO: TSX)Company ProfileAnatolia Minerals holds a commanding exploration presence in Turkey – a mineral-rich region of untapped mining potential. Active since 1996, Anatolia builds its success around a strong in-country team that attracts interest throughout the global mining community. They hold 100% interest in the Çöpler Gold Project, have a comprehensive long-term joint venture with Rio Tinto Mining & Exploration on multiple properties in Turkey and maintain a strong portfolio of additional exploration properties.Their Çöpler Gold Project is in line to be the next major gold mine development in Turkey. They have outlined 6.3 million gold ounces at Çöpler (2.8 million ozs proven and probable and a 3.5 million oz resource). On March 2, 2007 a new mine plan was completed on 2.8 million proven and probable gold ozs (1.8 million proven ozs and 1.0 million probable ozs). Th... More About: Update
Company Update on Etruscan Resources (EET: TSX)
2008-04-19 20:13:00 On April 16th/08 CIBC World Markets analyst Cosmos Chiu provided an update on Etruscan Resources (EET: TSX)Company ProfileEtruscan Resources Inc. is a diversified Canadian mining company that has been exploring for gold and diamonds in Africa for over 13 years. Today, Etruscan holds one of the largest strategic land positions in West Africa covering over 13,000 km² in the prolific gold belts of Mali, Niger, Burkina Faso, Côte d'Ivoire and Ghana. The Company is also active in diamond exploration and development in South Africa and iron oxide copper gold exploration in Namibia. Etruscan's interests include operations that produce gold and diamonds together with advanced stage projects and earlier stage regional exploration opportunities.Click here to view previous coverage of Etruscan Resources (EET: TSX) from March 27, 2008 http://please-dont-take-me-seriously.blog spot.com/2008/03/buy-sell-or-hold-etrusca n-resources-eet.htmlEventIn a note entitled “As Youga Pours, Share Price S... More About: Update
Buy, Sell or Hold NovaGold Resources (NG: TSX)
2008-04-19 15:30:00 On April 16th/08 Citigroup analyst John Hill provided an update on NovaGold Resources (NG: TSX)Company ProfileNovaGold is a development-stage precious and base metal mining company with one of the largest resource bases in the mid-tier of the industry. The company has successfully pursued a strategy of tying up large deposits when commodity prices were low, and is now bringing these toward production. Formed in 1987 and headquartered in Vancouver, B.C., the company has no significant operating revenues or earnings. The company is targeting modest production of gold in 2008 at Rock Creek at about 100 k oz per year. But the significant development projects are not expected to arrive until the medium term (+5 years). The key project is Donlin Creek, a massive refractory gold deposit in a remote area of Alaska where Barrick is the JV partner (50/50). The company also controls Galore Creek (British Columbia, 50% with Teck Cominco), a pre-development stage copper-gold project. The massive... More About: Sell , Hold
Private Placement – Hawthorne Gold (HGC: TSX-V)
2008-04-18 18:04:00 Official Website: http://www.hawthornegold.com/s/Home.aspCo mpany ProfileHawthorne Gold Corp. is a Canadian-based gold exploration and development company with key properties located in British Columbia, Canada.Hawthorne Gold is led by respected mining leaders Richard Barclay and Michael Beley together with mining veteran Michael Redfearn. Hawthorne's goal is to become a junior gold producer through planned production at Table Mountain in 2009 and continued resource development at the Frasergold and Taurus deposits. The acquisition of Table Mountain is subject to the previously announced merger with Cusac Gold Mines Ltd., expected to close in late March 2008.EventOn April 17th, 2008 – the TSX Venture Exchange Daily Bulletin reported that the TSX Venture Exchange had accepted for filing documentation with respect to the first tranche of a Brokered Private Placement announced April 2, 2008 by Hawthorne GoldNumber of shares: 2,930,884 flow-through shares and 3,443,009 non flow-throug...
Buy, Sell or Hold Petro Andina Resources (PAR: TSX)
2008-04-18 16:37:00 On April 16th/08 RBC Capital Markets analyst Jason Bouvier initiated coverage on Petro Andina Resources (PAR: TSX)Company ProfilePetro Andina Resources Inc. is a junior oil and gas exploration, development and production company with headquarters in Calgary, Alberta, Canada. The Corporation is developing its existing reserves and conducting appraisal and exploration drilling on its 529,000 acre (297,000 acre net) land position in the Neuquén basin of Argentina. The Company also holds minor oil and gas interests in Alberta, Canada and has recently announced the execution of a Joint Venture Agreement allowing Petro Andina to explore blocks in Trinidad and Tobago.EventIn a note entitled “Low Cost Heavy Oil Exploitation” Bouvier explains the reasons behind his Outperform rating and target price of $14.00/sh.Takeaways From The EventIn introducing investors to Petro Andina, Bouvier writes “Petro Andina is a junior oil and gas company focusing its efforts in Argentina. The company i... More About: Sell , Hold
Buy, Sell or Hold Crowflight Minerals (CML: TSX-V)
2008-04-18 15:14:00 On April 10th/08 Versant Partners analyst Ian Parkinson initiated coverage on Crowflight Minerals (CML: TSX-V)Company ProfileCrowflight Minerals Limited is a junior mining exploration and development company with properties and activities in two of Canada's most prolific mining camps: the Thompson Nickel Belt (TNB) in Manitoba and the Sudbury Basin in Ontario. The Company is currently focused on construction of the Bucko Lake Nickel Mine, located near Wabowden, Manitoba, which is scheduled to begin production in mid-2008. In addition to the development of the Bucko Lake Nickel Mine, Crowflight owns or has under option an additional 800 square kilometres of advanced-stage exploration properties in Manitoba and Ontario.EventIn a note entitled “Abundant cash flow, low risk and expandable – everything you want in a mine” Parkinson explains the reasons behind his Speculative Buy rating and target price of $1.10Takeaways From The EventIn his introduction to Crowflight, Parkinson wr... More About: Sell , Hold
Private Placement – International Barytex Resources (IBX: TSX-V)
2008-04-17 20:39:00 Official Website: http://www.barytex.com/Company ProfileInternational Barytex Resources (IBX: TSX-V) is a Canadian mineral exploration company managed by capable professionals with successful track records and many years of experience in the mineral exploration and development industry. The management of Barytex is focused on the identification and exploration of economically attractive metallic mineral deposits. Barytex is currently advancing the Shituru high grade copper-cobalt deposit located at Likasi, Democratic Republic of the Congo where Barytex holds an option to earn a 65% interest. The Shituru deposit is a high grade oxide copper resource amenable to open pit mining. A feasibility study is currently underway with expected completion for mid 2008. Barytex has an option to acquire up to an 86.67% interest in stages in East China Capital Investments Ltd. (ECCI) whose sole asset is an option to acquire a 75% share interest in the Shituru Copper-Cobalt deposit from Generale Des... More About: Private
George Soros Video With Charlie Rose on April 11, 2008
2008-04-17 18:34:00 Video of George Soros in a conversation with Charlie Rose on April 11, 2008 More About: Video , George Soros
Buy, Sell or Hold Crew Energy (CR: TSX)
2008-04-17 16:34:00 On April 15th/08 RBC Capital Markets analyst Jason Bouvier provided an update on Crew Energy (CR: TSX)Company ProfileCrew Energy Inc. is a growth-oriented oil and natural gas producer. Crew's activities are concentrated in central Alberta and northeast British Columbia and focus on the development and expansion of its core natural gas and light oil producing areas and exploration of its large, undeveloped land base. Crew’s experienced management team is committed to the pursuit of sustainable per share growth through a balanced mix of financially responsible exploration and development, complemented by strategic acquisitions.EventIn a note entitled “Target Price Raised on Increased Montney Exposure” Bouvier explains the reasons behind his Sector Perform rating and target price of $15.00/sh.Takeaways From The EventResponding to an April 14th /08 announcement by Crew Energy that said Crew had entered into an agreement to acquire approximately 104 net sections of Montney formati... More About: Sell , Hold
Private Placement – ATW Venture (ATW: TSX-V)
2008-04-16 19:00:00 Official Website: http://www.atwventure.com/Company ProfileATW Venture Corp. has two main projects namely the Burnakura Gold Mine and the Gullewa Gold Mine.Located in the West Yilgarn goldfields of Western Australia, the Burnakura Gold Mine consists of 58.8 square km of mining leases and prospecting licenses, a fully permitted 160,000 tonne per annum (450 tpd) CIL gold plant, rolling stock, underground equipment, workshops, office space and a 90 man camp. The project covers 12km of prospective strike length along a major auriferous shear zone and mesothermal gold system. Historic production on the project focused on lower grade surface oxides, which had been historically mined from 15 open pits stretching along the entire 12 km of strike length. Management believes significant potential exists to expand the low grade surface and high grade underground resources on the property. ATW's current focus is to streamline production facilities at Burnakura, with a goal of pouring the compa... More About: Private
Buy, Sell or Hold Solana Resources (SOR: TSX-V)
2008-04-16 17:05:00 On April 14th/08 Blackmont Capital analyst Alexander Klein provided an update on Solana Resources (SOR: TSX-V)Company ProfileSolana Resources Limited is an international resource company, headquartered in Calgary, Alberta, Canada, and is engaged in the acquisition, exploration, development and production of oil and natural gas. Solana applies a combination of extensive international resource experience, know how and capital to identify, explore and exploit oil and natural gas assets.EventIn a note entitled “2007 Year-End Results; Significant Increase in Reserves and NAV” Klein explains the reasons behind his Speculative Buy rating and target price of $4.00Takeaways From The EventIn responding to an April 10th, 2008 announcement detailing Solana’s 2007 year end financial and operating results, Klein writes “Solana exited 2007 producing 2,695 BOE/d (94% oil) and averaged approximately 956 BOE/d for the year (working interest before royalties). Average production was better tha... More About: Sell , Hold
Private Placement - Canadian Phoenix Resources (CPH: TSX-V)
2008-04-15 20:05:00 Official Website: http://www.arapahoe-energy.com/s/Home.asp Company ProfileCanadian Phoenix Resources is a growth orientated company committed to adding shareholder value through exploration and exploitation of its current assets as well as entering into additional joint ventures and/or equity investments in other industry companies and Western Canadian First Nations.The strategic focus of Canadian Phoenix is on sustainable and profitable per share growth in both cash flow from operations and net asset value. To accomplish this, Canadian Phoenix will focus on enhancing its asset base through continued land acquisitions, seismic programs, exploratory and development drilling on its existing properties.EventOn April 11th, 2008 – the TSX Venture Exchange Daily Bulletin reported that theTSX Venture Exchange had accepted for filing documentation with respect to a Non-Brokered Private Placement announced September 25, December 7, and December 31, 2007 by Canadian Phoenix Resources.Number...
Company Update on TG World Energy (TGE: TSX-V)
2008-04-15 17:15:00 On April 14th/08 Wellington West Capital analyst Malcolm Shaw provided an update on TG World Energy (TGE: TSX-V)Company ProfileTG World Energy is a Canadian exploration firm listed on the TSX Venture exchange and based out of Calgary, Alberta. TGE is part of a joint venture that has assembled over 335,000 acres on the Alaskan North Slope where the company is targeting fields too small to be of interest to the majors. The company also has 20% interest in the Ténéré block in Niger – an early-stage multi-hundred million barrel potential frontier project.Click here to view previous coverage of TG World Energy (TGE: TSX-V) from February 29, 2008EventIn a note entitled “Tofkat Drilling Proves Up Kuparuk Oil Potential – Sets the Stage for Follow-Up” Shaw explains the reasons behind his Speculative Buy rating and target price of C$2.10Takeaways From The EventIn responding to an April 14th, 2008 update on the Alaska Central North Slope winter 2008 exploration program, which is bei... More About: Update
Sprott Asset Management – IPO Prospectus
2008-04-11 17:57:00 Employment AgreementsEric Sprott“We will enter into an employment agreement with Eric Sprott effective on closing of the Offering. Under his employment agreement, Mr. Sprott will be entitled to receive an annual salary of $200,000 as compensation for his services as Chief Executive Officer and Portfolio Manager. Additionally he will be entitled to participate in the Employee Bonus Pool. In the event that Mr. Sprott’s employment is terminated by us without cause, he will be entitled to receive from us two years’ salary and compensation. Mr. Sprott’s employment agreement also provides for, among other things, non-compete and non-solicit covenants in favour of the Company during the term of his employment and during the two-year period following the later of (i) the date he ceases to be a holder of greater than 10% of the then outstanding Common Shares, and (ii) the date his employment is terminated.Steven RostowskyMr. Rostowsky has a written employment letter agreement pursuan... More About: Management , Asset
Sprott Asset Management – IPO Prospectus
2008-04-11 17:15:00 EventOn April 9, 2008 Sprott Inc. filed a preliminary prospectus for an initial public offering of shares in Sprott Asset Management . The share offering to the public is to be underwritten by a syndicate including the capital-markets divisions of all the big Canadian banks along with Cormark Securities, GMP Securities, Canaccord Capital, Jennings Capital , Paradigm Capital and Clarus Securities.Details Extracted From IPO ProspectusSuperior Mutual Fund and Alternative Asset Class PerformanceSprott Canadian Equity Fund - Globefund.com’s #1 ranked fund in Canada for its ten-year return of 28.1% (Series A, December 31, 2007)Sprott’s flagship hedge fund, Sprott Hedge Fund LP, has recorded a 29.23% net annualized return since its November 2000 inception (as at December 31,2007)Sprott Growth Fund - #1 ranked fund in Globefund’s “Canadian Focused Small/Mid Cap Equity” categorySprott Opportunities Hedge Fund LP - the top-performing fund in the Canadian-Based Manager category at HFM...
Buy, Sell or Hold Pacific Rubiales Energy (PEG: TSX)
2008-04-11 16:18:00 On April 9th/08 Canaccord Adams analyst Frederick Kozak provided an update on Pacific Rubiales Energy (PEG: TSX)Company ProfilePacific Rubiales, a Canadian-based company and producer of natural gas and heavy crude oil, owns 100 percent of Meta Petroleum Limited, a Colombian oil operator which operates the Rubiales and Piriri oil fields in the Llanos Basin in association with Ecopetrol S.A. the Colombian, national oil company. The Company is focused on identifying opportunities primarily within the eastern Llanos Basin of Colombia as well as in other areas in Colombia and northern Peru. Pacific Rubiales has a current net production of approximately 19,050 barrels of oil equivalent per day, with working interests in the Rubiales, Piriri and Quifa concessions and the Caguan, Dindal, Rio Seco, Puli B, La Creciente, Moriche, Guama, Arauca, Tacacho and Jagueyes blocks in Colombia and blocks 135, 137 and 138 in Peru.EventIn a note entitled “POSITIVE RUBIALES DRILLING UPDATE; MAINTAINING ... More About: Sell , Hold
TDK Resource Fund - Annual Management Report of Fund Performance for 2007
2008-04-10 19:34:00 TDK Resource Fund - Annual Management Report of Fund Performance for 2007Fund ProfileTDK Resource Fund invests primarily in equities of Canadian natural resource companies, including, for example, those engaged in mining, oil and gas, forest products,water resources and fishing, and those companies that support such industries.The Fund is managed by Wayne Deans of Deans Knight Capital Management Ltd. As of 2007, The TDK Resource Fund reported a 36.86 per cent average annual return for the past three years (See this news release) and averaged a 33.56 per cent return since the fund was launched six years ago. This is the reason behind why the fund won the Lipper award for the Best Resource Fund over Three and Five Years.CommentaryIn their annual management report of fund performance for 2007 (which is posted on SEDAR.com as of March 31, 2008), fund manager Wayne Deans of Deans Knight Capital Management notes:“that during 2007, oil prices were near record highs, and closed the year a...
Buy, Sell or Hold Bear Creek Mining (BCM: TSX-V)
2008-04-10 17:20:00 On April 8th/08 Canaccord Adams analyst Toni Wallis provided an update on Bear Creek Mining (BCM: TSX-V)Company ProfileBear Creek Mining is a Vancouver-based junior exploration company focused on precious metal projects in Peru. The primary focus is on the bulk tonnage silver deposits at Corani and Santa Ana in southern Peru. Current resource at Corani is at 361.9 million ounces of Measured, Indicated and Inferred silver resource. Indicated and Inferred resource for Santa Ana is 90.8 million ounces of silver.EventIn a note entitled “SANTA ANA MINERALIZATION EXPANDS TO THE SOUTH OUTSIDE DEFINED RESOURCE AREA” Wallis explains the reasons behind her Speculative Buy rating and target price of C$13.50Takeaways From The EventResponding to an April 7th/08 announcement from Bear Creek that reported results from 32 drill holes on its Santa Ana project, Wallis writes “Drilling completed to date on the Santa Ana project totals 29,578 metres in 165 drill holes. The drill results announced... More About: Sell , Hold
Private Placement – Medoro Resources (MRS: TSX-V)
2008-04-09 22:20:00 Official Website: http://www.medororesources.com/Company ProfileMedoro Resources is a gold exploration and development company focused on acquiring properties of merit for potential joint ventures with senior producers. The company holds a 100% interest in the Lo Increible 4A and 4B concessions in Venezuela and interests in eleven gold exploration areas in the Republic of Mali.EventOn April 4, 2008, the TSX Venture Daily Bulletin reported that it had accepted for filing documentation with respect to a Brokered Private Placement announced March 6, 2008 by Medoro Resources.Number of Shares: 30,810,000 sharesPurchase Price: $0.40 per shareWarrants: 15,405,000 share purchase warrants to purchase 15,405,000 sharesWarrant Exercise Price: $0.60 for a two year periodNumber of Placees: 27 placeesParticipants:Eugene McBurney for 1,250,000 sharesPeter Volk for 25,000 sharesAbout ParticipantsEugene C. McBurney, MA, LLB is co-founder of GMP's predecessor, Griffiths McBurney & Partners. He i...
Buy, Sell or Hold Ithaca Energy (IAE: TSX-V)
2008-04-09 16:30:00 On April 8th/08 RBC Capital Markets analyst David Mestres initiated coverage on Ithaca Energy (IAE: TSX-V)Company ProfileIthaca Energy is a Canadian oil and gas exploration and development company with offices in Calgary, Canada, London, England and Aberdeen, Scotland, which is focused on the exploration and development of oil and gas reserves in the North Sea on the United Kingdom’s Continental Shelf. Ithaca has built a diversified portfolio of exploration and development assets through participation in the United Kingdom’s recent Seaward licensing rounds and through acquisitions. This diversity is evidenced by properties in different geographic areas, encompassing multiple play types (both oil and gas), while maintaining a close proximity to producing fields in proven petroleum systems. Ithaca’s interests range from 20% to 100% in 30 blocks or partial blocks under 16 licences.Company ProfileIthaca Energy is a Canadian oil and gas exploration and development company with offi... More About: Sell , Hold
Buy, Sell or Hold Noront Resources (NOT:TSX-V)
2008-02-26 18:13:00 On February 26th /08 Genuity Capital analyst Michael Gray released an update on Noront Resources .Company ProfileNoront Resources (NOT-V) is a Canadian base and precious metal exploration company focused on Northern Ontario and Quebec, Canada. Its key asset is its relatively new Ni-Cu-PGM Eagle One discovery on the Double Eagle project, James Bay lowlands, Ontario. The discovery is attractive, as it represents a rare high-grade nickel-copper-platinum-palladium discovery in an area that is under-explored.EventIn a note entitled “New Ni-Cu discovery by Noront dubbed “Eagle Two” Gray explains the reasons behind his Speculative Buy Rating and $7.00 target.Takeaways From The EventOn February 25th 2008, Noront was halted mid-day pending news that turned out to be the “discovery of a second massive sulphide occurrence located 2 kilometers to the southwest of its Eagle One magmatic massive sulphide occurrence within Noront's 100% owned Double Eagle Project in the McFauld's Lake Are... More About: Sell , Hold
Buy, Sell or Hold Timminco Limited (TIM:TSX)
2008-02-25 20:20:00 On February 24th /08 CIBC World Markets analyst Michael Willemse released an update on Timminco.Company ProfileTimminco Limited (TSX: TIM) is a leader in the production and marketing of lightweight metals, specializing in solar grade silicon for the rapidly growing solar photovoltaic energy industry. Using its proprietary technology, Timminco processes metallurgical grade silicon into low cost solar grade silicon for use in the manufacture of solar cells. Timminco has expanded its solar grade silicon capacity to 3,600 mt per year, and plans to further increase capacity to meet anticipated future demand. Timminco also produces alloy magnesium, silicon metal and specialty ferrosilicon, calcium and strontium alloys for use in a broad range of industrial applications serving the aluminum, chemical, pharmaceutical, electronics and automotive industries.EventIn a note entitled “Timminco Provides Details For The Next Capacity Expansion Phase” Willemse explains the reasons behind his Se... More About: Sell , Hold
Buy, Sell or Hold Bridge Resources (BUK:TSX-V)
2008-02-22 17:58:00 On February 15Th /08 Blackmont Capital analyst Martin Pelletier initiated coverage on Bridge Resources .Company ProfileBridge Resources Corp. (BUK-TVX) is a Canadian-listed, emerging international E&P company with assets focused in the UK North Sea – specifically, the Central and Southern North Sea areas. Since forming the company in 2005, management has actively built up a respectable inventory base. This is comprised of 20 blocks encompassing 2,288 square kilometres, 17 of which are 100% owned and the remaining three are at a 50% interest. Bridge has a market cap of $128.3 million and an estimated working capital surplus of $45.8 million; its recent $44.3 million financing closed in December 2007. The company’s Head Office is in Denver, Colorado along with satellite offices in Calgary, Alberta and Aberdeen, Scotland.EventIn a note entitled “Bridging Value in the North Sea” Pelletier explains the reasons behind his Speculative Buy Rating and $1.95 target.Takeaways From T... More About: Sell , Hold
Buy, Sell or Hold Inca Pacific Resources (IPR:TSX-V)
2008-02-22 01:59:00 On February 21st /08 Haywood Securities analyst Stefan Ioannou initiated coverage on Inca Pacific Resources .Company ProfileInca Pacific is rapidly advancing its 100% owned Magistral project in Peru. Production start-up, targeted for Q1/11, is expected to ramp up to about 75 million pounds of copper and 6.3 million pounds of molybdenum annually. We expect total copper cash costs will average US$0.20 per pound net of credits over a 15-year open pit mine life. A feasibility study, published in January 2008, confirms the technical and economic viability of the project. Furthermore, the project will utilize standard ‘off-the-shelf’ froth flotation sulphide processing technology, mitigating project risk.EventIn a note entitled “A ‘Hidden Gem’ Offering Significant Copper and Molybdenum Exposure” Ioannou explains the reasons behind his Sector Outperform Rating and $4.00 target.Takeaways From The EventAccording to Ioannou, Inca’s relatively small market capitalization ($60.2 mi... More About: Sell , Hold
Buy, Sell or Hold ProspEx Resources (PSX:TSX)
More articles from this author:2008-02-21 07:07:00 On February 20th /08 Wellington West analyst Kim Page released an update on ProspEx Resources .Company ProfilePSX is a junior oil and gas company focused on adding value through a balanced portfolio of drilling prospects. The company has over 165,000 net acres of undeveloped lands, focused in three core areas: 1) shallow gas and CBM plays at Medallion, 2) medium depth, multi-zone Cretaceous horizons and deep structural foothills gas exploration plays in West Central Alberta, and 3) stacked Cretaceous potential in the Deep Basin at Elmworth, Gold Creek, Kakwa and Wapiti.EventIn a note entitled “Edson/Salter Success Supports ’08E Prod/sh Growth > 25; Target increased to $5.00” Page explains the reasons behind her Buy Rating and $5.00 target.Takeaways From The EventThe company’s producing properties and concentrated in 3 main operating areas: 1) shallow gas and CBM at Medallion, 2) medium depth, multi-zone Cretaceous and deep structural Foothills exploration in West Central Albe... More About: Sell , Hold 1, 2, 3 |
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