Juniors aus Kanada

Hoerenswert: Dave Skarica

Hold on to your Juniors *AUDIO*

David always has a fascinating, flinty eyed look at the Market action - now is NOT the time to sell those Juniors.

http://www.howestreet.com/

Global gold exploration ‘staggeringly unsuccessful’

– Ernst & Young

By: Martin Creamer
Published on 5th August 2008

Global gold exploration was proving “staggeringly unsuccessful”, Ernst & Young global mining & metals director Dr Tim Williams said on Tuesday.

Williams told Omega’s Mining in Africa Conference in Johannesburg that the world appeared to be “running out” of gold orebodies.

“I think I might say that nearly half of the world’s exploration money is spent on looking for gold, and staggeringly unsuccessful it is, too,” Williams said.

“It’s really the only metal that seems to be running out,” he added.

Because of the global credit crunch, many mining juniors on the Alternative Investment Market (Aim) of the London Stock Exchange were “in trouble”.

They were unable to raise cash by issuing shares because their share prices had behaved so badly.

There were also believed to be some “fairly major sellers” on the Aim, but not many buyers.

“The result of this is that there is going to have to be a lot of consolidation between those Aim juniors,” Williams said.

He expected that the 191 Aim mining companies would be reduced to about 150 this time next year.

He said that there had not been a single initial public offering (IPO) on the Aim in the first quarter of this year.

However, junior mining companies that were already in production were in a different category and were successful with secondary capital raising beyond their IPOs.

He flashed up a table on to an overhead screen that showed that Aim mining companies returning to the market for development capital after firming up their discoveries were continuing to be successful obtaining large amounts of capital and were currently also making lots of money.

“It’s that end of the market which is so strong,” he said.

Vast amounts of money were available in London to those who had moved beyond the exploration stage to the mining stage.

“If you have the right project, you’ll still get the money,” he said.

Zitat von Milly

Jeder Junkie wird mal rückfällig - wegen fallende Messer und so, hab' mich dann grad mal bei Silvercorp bedient, gab's für Zweifuffzich Teuronetten, ein Drittel vom Hoch, hoffentlich (!!!) ein Sonderangebotspreis, KGV müßte jetzt so um die 10 sein (bei den berichteten 41 Cents Gewinn pro Aktie kommen noch die ausbezahlten Dividenden dazu), Kohle in der Kasse und Profit Margin über 50%, da drückt auch ein rückgegangener Preis den Cashflow nicht gleich ins Minus.

Von Explorern und chronisch defizitären Juniors weiterhin Finger weg!

Buy late, live longer , betrachtet meinen Rückfall mal als gutes Zeichen, hab' ganz gerne die Wendepunkte getroffen

Jetzt wird einer mutig

Gratuliere !

http://www.youtube.com/watch?v=7OuNa1ReY7A

Mal wieder ausgraben den thread...

Southwestern, zahlen Mr. Paterson !

Vancouver, BC -- Southwestern Resources Corp. (SWG-TSX) ("Southwestern"
or the "Company") is pleased to announce that it has entered into a
settlement agreement to settle the class actions (the "Class Actions")
commenced against the Company and others in British Columbia, Ontario
and Quebec (the "Settlement").

Under the terms of the Settlement, the Company, its former President
and CEO John Paterson, his wife Margaret Joan Paterson and their
affiliates will pay an aggregate amount of $15.5 million (the
"Settlement Payment") to the plaintiffs in the Class Actions (the
"Class Members"). Class Members who do not opt out of the Settlement
will provide full and final releases to the Company and others.

The Company currently estimates that its contribution to the Settlement
Payment will be approximately $7.0 to $7.5 million.

The Settlement is subject to customary conditions including, among
others, obtaining all necessary court approvals of the Settlement; the
lifting of the Mareva Injunctions obtained by the Company against each
of Mr. and Mrs. Paterson; and the lifting of certain 'freeze orders'
instituted by the British Columbia Securities Commission. The Company
currently estimates that the process of obtaining all necessary court
approval will take between three and six months.

Timo Jauristo, the President and CEO of the Company stated that: "The
settlement of the Class Actions puts us in the position to pursue our
exploration strategy and to demonstrate the significant value of our
exploration portfolio in Peru, including our other investments. After
a very challenging period for our shareholders, employees and
associates, we can now look forward and focus on the future. The Board
of Directors and management of Southwestern would like to thank all
those that have, and continue to support the Company."

William McCartney, the Chairman of the Special Committee of the
Company's Board of Directors, commented that: "It has been a very
difficult year. The settlement of the Class Actions and the successful
sale of Boka are important first steps towards rebuilding shareholder
confidence. We now look forward to focusing our time and energy on
opportunities for growth and enhancing value for our shareholders."

David Black, Chairman of the Company's Board of Directors, further
stated that: "Throughout this situation, the Board has endeavoured to
demonstrate that it can respond effectively in a crisis, and it
undertakes to maintain the highest standards of governance going
forward."

Jetzt geh endlich schlafen Milly !
Ab ins Bett

Psss. wir muessen nun ganz leise das Wort Junior oder Minen sagen...sonst wacht Milly gleich wieder auf.