Geniale Begründung für ein PP:
"Although we are generating enough positive cash flow to build a mill and pay for an aggressive exploration program, it is prudent to build up our treasury. This financing accomplishes that"
Aufgelesen bei EXN: EXN ANNOUNCES $10 MILLION EQUITY FINANCING
Da gibt es also ein PP obwohl es überflüssig ist. 
Und warum der CEO gegangen ist bleibt weiterhin unklar...
VG heron
Jede Menge los heut, komm kaum mit dem Lesen nach 
Kennt jemand Mexoro?
Gibt's wohl bald nicht mehr, denn PZG steigt ein:
Paramount Gold And Silver Corp. Enters Into Strategic Alliance With Mexoro Minerals Ltd. In Mexico
Wobei zweierlei anzumerken ist: Zum einen wird PZG genau wissen was man da macht, denn Mexoro ist Nachbar (hat die roten Properties, und die gelben Porperties sind von PZG, die San Miguel Property ist nicht eingezeichnet, sie beginnt oben links an der Ecke). Zum anderen ist anzumerken dass PZG zur Zeit sehr vielGeld verbrennt, etwa1,5 Mille pro Monat, und nun wird ein weiteres Fass aufgemacht... 
Chihuahua, Mexico - (Market Wire) – May 5, 2008- Paramount Gold and Silver Corp. (AMEX: PZG) (TSX: PZG) (Frankfurt: P6G, WKN: A0HGKQ) is pleased to announce that it has signed a Letter of Intent to enter into a strategic alliance with Mexoro Minerals Ltd. (OTCBB: MXOM and Frankfurt: OYA1). The strategic alliance contemplates both companies combining their mining and exploration expertise including resources such as management, personnel, exploration equipment and mining concessions to maximize shareholder value creating an exciting alignment of interest between the companies. Both companies operate projects in the Sierra Madre gold-silver belt in Chihuahua, Mexico. The synergy of this transaction will be evident as the companies work together in the Guazapares region. The combined position in the area creates a large land position allowing opportunities for exploration and development strategies to maximize shareholder value as per the map below:
[Blockierte Grafik: http://www.paramountgold.com/projects/images/mexoro_1_tn.jpg]
The companies will also combine Paramount’s recently discovered “Clavo 99” with Mexoro’s Encino Gordo project for a land package in excess of 1,000 hectares situated immediately east of Coeur d’Alene’s Palmarejo Trogan Project. The location map below illustrates Paramount’s ‘Clavo 99’ which trends north-northwest into Mexoro’s Encino Gordo project.
[Blockierte Grafik: http://www.paramountgold.com/projects/images/mexoro_2_tn.jpg]
In addition, the companies will establish an exploration team to co-develop Paramount’s 86,000 hectare Andrea concession with the neighboring Mexoro Cieneguita Mine. Cieneguita was last in production by Glamis Gold Ltd. between 1995 and 1998 prior to its acquisition by Goldcorp Inc. Below is a location map of Paramount’s Andrea Concession and Mexoro’s Cieneguita Mine.
[Blockierte Grafik: http://www.paramountgold.com/projects/images/mexoro_3_tn.jpg]
The agreement calls for Paramount to invest a minimum of $4 million and maximum of $6 million into Mexoro, fixed at a price of $0.50 per unit by June 23, 2008. Each unit will consist of 1 common share of Mexoro and one half warrant to purchase additional common shares at a price of $0.75 per share exercisable immediately for a period of four years from closing. Should Paramount subscribe for the maximum, it would receive 12 million shares and 6 million warrants in the offering. The closing price of Mexoro shares quoted on the OTCBB on May 2, 2008 was $0.59 per share. The Letter of Intent contemplates that Paramount will provide an immediate cash infusion into Mexoro in the amount of $500,000 in the form of a secured convertible debenture bearing interest at a rate of 8% per annum for a term of one year. Paramount will have the option to convert the debt into units as part of the overall financing. Paramount will retain the first right of refusal on all future financings of Mexoro for a period of four years.
Christopher Crupi, Paramount’s Chief Executive Officer, will be appointed President of Mexoro upon completion of the financing and Mario Ayub will remain the Chairman of Mexoro. Paramount will have the right to appoint two members to the board of directors of Mexoro. Mr. Ayub may also be appointed to the board of directors of Paramount and will act as strategic advisor to Paramount. Mario Ayub is a chemical engineer and is a specialist in metallurgy. Mr. Ayub has served as President of the Chihuahua Mining Association from 2002- 2005 and from 1998 to 2002 was president of the National Miners Association of Mexico.
The companies will form a joint exploration and development management committee with the responsibility of reviewing and planning the exploration programs of both companies. Charles William (Bill) Reed and Barry Quiroz will remain Vice President of Exploration for Paramount and Mexoro respectively. Barry Quiroz is a geologist and has held a management position with BHP Billiton.
Christopher Crupi commented on the transaction, “Combining our exploration assets with those of Mexoro, particularly our San Miguel concessions in the Guazapares region, will give the companies significant property holdings for exploration in the mineral rich and prolific Sierra Madre gold-silver belt. Together, the companies control over 100,000 hectares within three historic mining districts and the combined exploration teams of over 100 people will be one of the most experienced in Mexico.”
Mario Ayub, President of Mexoro, said “This transaction results in synergies on many levels. Paramount is a well managed and well financed company trading on senior exchanges. The strategic geographical positioning of our properties in relation to Paramount, coupled with our common vision of an aggressive exploration program in this prolific area provides the potential for significant success going forward.”
___
VG heron
Was ist mit Rochester Resources los ?
Dazu kann man vieles sagen. Der ganze Sektor schwächelt, der POG auch, und dann sind da noch jede Menge Warrants (307,659 at 0.80 CAD expiring May 3, 2008 ) wodurch gerade jetzt viel billiges Papier freigesetzt wird.
Ein weiterer Grund ist dass RCT langsamer als geplant vorankommt, und dass sich auch die lang erwartete Resourcenschätzung immer weiter verzögert und möglicherweise erst nächstes Jahr kommen soll. I
Kurzfristig ist manches unklar, langfristig dürften wir noch viel Freude an Mr. Parra haben.
VG heron
Fresnillo wird sicherlich in Zukunft eine wichtige Rolle spielen.
Was mit IPT heute los ist, weiß ich nicht, ansonsten gibt es viele positive Signale am Markt.
In letzter Zeit gab es viele News aus der Region Urique:
EXM/YLL drillen fleißig
Yale Reports on Drill Program at Cerro Colorado, Urique North
PZG wird wieder gehandelt - ohne größere Turbulenzen nach Trading Halt
Paramount Gold and Silver Corp. to Resume Trading at 1:00 PM EDT April 30, 2008
GGI drillt
Garibaldi Expands Drill Plans Proposed for Morelos and Temoris Projects Chihuahua State, Mexico
...kürzlich auch Meldungen von Kimber und Dia Bras - da tut sich was 
VG heron
Noch ein Artikel von Ben Abelson -- diesmal über WTM
Timmins' Rain of Gold
CHIHUAHUA, Mexico (ResourceInvestor.com) As the helicopter circles the Lluvia de Oro mining site, deep within Mexico’s Sierra Madre mountains, it’s impossible not to feel a sense of history. Nestled in between 8,000 foot-high mountain peaks, Lluvia de Oro was the site of one of history’s highest grade mines in the early 20th century.
While the site’s lain largely fallow for the past 80 years, the crumbling mine workings have in recent months begun to show signs of life, thanks to a new exploration programme from West Timmins Mining [TSX:WTM].
A recent site visit to the remote site was a strange temporal journey – both a step back in time to Mexico’s golden age of mining, and a look toward the future at one firm’s dreams of striking it rich.
A Step Back in Time
Lluvia de Oro, which translates as “Rain of Gold,” was one of Mexico’s highest grade historic producers – churning out precious metals from a deposit with grades as high as 95 g/t gold and 865 g/t silver during the first two decades of the 20th century.
After the easily found, highest grade sections of the mine were exhausted by 1915, Lluvia de Oro was the subject of brief ‘pillar recovery’ mining operation in the 1950s, and some limited exploration by the Mexican government in the 1990s. From the early 1980s through 2007 it was held by the government as part of its National Mineral Reserve.
[Blockierte Grafik: http://www.resourceinvestor.com/MediaLib/Images/Home/Sections/Juniors/lluvia%20de%20oro%20view%20from%20helicopter%20of%20historic%20mill%20site.png]
Lluvia de Oro
The site has long been near to the heart of Dr. Peter Megaw, a geologist who’s been exploring this region of Mexico for more than two decades and helped found both West Timmins and Mag Silver [AMEX:MVG; TSX:MAG]. As a member of West Timmins’ board of advisors, Megaw was instrumental in securing the Lluvia De Oro property just over a year ago.
Under the leadership of CEO Darin Wagner, Timmins has added Lluvia de Oro to the sites that it is actively exploring in Mexico.
During a ride down to the mine site in the back of pickup truck from the nearby helicopter landing pad, Megaw explained his fascination with the property.
“It’s a million and a half ounce producer that’s never had [modern exploration]. No one has ever tried to find the source of this system – and that’s what we’re trying to do. We’re not just here to pick the walls and get what the old-timers left behind.”
In early 2007, Megaw went up against Mexican mining titan Peñoles, which owns the bulk of the land surrounding Lluvia de Oro, for the exploration rights to the property. In a curious closed door auction, representatives for both Timmins and Peñoles were required to place their cell phones in a closed desk drawer – so that they could not call their bosses to ask for money – before setting down to bid.
“As we got towards $600,000, our guys began to figure out that they [Peñoles] were reaching their limit,” Megaw noted. Timmins won the exploration rights for $610,000.
[Blockierte Grafik: http://www.resourceinvestor.com/MediaLib/Images/Home/Sections/Juniors/megaw%20explains%20lluvia%20de%20oro.png]
Dr. Peter Megaw
“I’ve been watching this property for the past 17 years,” Megaw added, noting that he was unable to gain access to it during a prior exploration boom in the mid-1990s. He now has it.
Modern Exploration Meets Historic Mining
While Timmins exploration programme just began on Lluvia de Oro late last year, it’s already showing signs of promise. An early stream sediment sampling found multiple samples in excess of 1 g/t gold, and more recently the firm reported finding a sizable anomaly 1000 to 3000 metres north of the historic mine workings that includes new, high-grade surface outcrops of 13.10 g/t gold and 402 g/t silver.
The company plans to continue sampling and mapping the property through the summer, and potentially start drilling in the fall after the rainy season – which makes the high mountain roads un-navigable for heavy equipment – has passed.
A surface trenching programme by the Mexican government in the 1990s revealed only moderate levels of gold and silver around the property. However, Megaw noted that assays from these samples were incorrectly done, and offers as proof the much higher gold and silver values reported by a re-assaying done by a third party laboratory of some of the same samples.
[Blockierte Grafik: http://www.resourceinvestor.com/MediaLib/Images/Home/Sections/Juniors/lluvia%20sideways%20map.png]
A Journey Underground
The historic mill workings and developing modern mining camp at Lluvia de Oro sits in a small valley, surrounded on three sides by nearly sheer cliffs. A 15-minute walk around the side of one cliff face leads to the entrance to the historic mining site. While not necessarily the major focus of exploration, given the surprising efficiency of early-20th century mining, a step into the mine is itself a unique journey into a historic period in mineral extraction.
[Blockierte Grafik: http://www.resourceinvestor.com/MediaLib/Images/Home/Sections/Juniors/ben%20underground.png]
Author Ben Abelson
A large initial chamber and visitor-friendly lighting welcomes us to the normally pitch-black space, while a warped wooden footbridge left over from some unknown period leads out into an empty void overlooking a deep cavern. Further in, a twisting catacomb of tunnels leads deep into the mountain side, occasionally punctuated by bulbous galleries where high-grade ore was mined. The most noticeable thing is the cool breeze that’s constantly present, alerting visitors to the fact that the tunnel goes straight through to the other side of the mountain some 600 metres in the murky black distance.
All told, it’s an awe-inspiring sight, and a unique testimony to the fascinating history of mining in Mexico.
Conclusion
While exploration is in the very early stages at Lluvia de Oro, and the rough terrain is sure to present some unique challenges to Timmins, it’s hard not to find Megaw’s enthusiasm for the under-explored property infectious.
After spending years exploring the Sierra Madres and helping to build successful mining companies, Megaw seems undaunted by the challenges presented by Lluvia de Oro. After 17 years of waiting to get on site, he’s ready to see what develops at the property.
___
VG heron
Hallo valueman,
RCT.TO
...ist noch Zukunftsmusik, zur Zeit noch RCT.V
Hauptgrund für die Kursentwicklung der letzten Tage sind rund 300.000 Warrants, die bis Ende der Woche eingelöst werden müssen. Dadurch wird viel billiges Papier freigesetzt.
Die Zahlen von RCT waren weder gut noch schlecht. Als nächstes kommen das AMEX-Listing und die Resourcenschätzung, dann dürfte RCT mehr beachtung finden.
VG heron
Aurelian Resources - Investieren in Equador 
Wieviel ist eine Aktie von Aurelian wert? Haywood senkt das Kursziel von 6 CAD auf 1,40 CAD; andere glauben an ein Kursziel von 12 CAD.--Frag mich auch was Sprott macht, hatte ja ne riesige Portion Aktien eingesammelt.
Artikel von Charles Wyatt auf minesite.com, April 25, 2008:
Broker Valuations For Ecuador’s Mining Companies Yo-Yo As Politicians Talk Tough
The price of Canadian listed Aurelian Resources is C$3.30, after the shares fell from C$8.50 almost in the blink of an eye. Brokers CIBC World Markets thinks the shares are worth C$12 each, while a rival outfit, Haywood Securities, thinks they’re worth C$1.40. That being the case the ideal solution is for all the clients of Haywood to agree a price half way between these targets and sell their shares to clients of CIBC Markets. All of them would then, presumably, think they had got a bargain. Whether or not they had, only time would tell, but in the meantime it’s amusing to ponder why two fairly reputable firms of brokers should have such extreme and diametrically opposed views.
Both have done their sums on Aurelian’s Fruta del Norte high grade epithermal gold-silver deposit, which holds an inferred resource of 58.9 million tonnes at 7.23 grammes per tonne, giving 13.7 million ounces. It’s on the radar screen of every producer and these will have been encouraged by the potential for further resource upgrades, and because gold recovery looks pretty simple.
Both brokers have also known that from the moment he was sworn in as president of Ecuador on 15th January 2007 Rafael Correa in Ecuador had something nasty up his sleeve for mining companies. As president he holds the whip hand as chief of state and head of government. Just to put this in context, over the past year president Correa has called for the renegotiation of Ecuador’s debt, opposed a free trade pact with the US and set up a constitutional assembly. As finance minister in 2006, he helped to break Ecuador’s contract with US oil giant Occidental. Since being elected president, he has also pledged to shut down the US’s only military base in South America. And last year, Ecuador’s Cofan Indians, with his support, filed a US$12 billion lawsuit against oil giant Chevron for environmental and social destruction in the Amazon.
He is no friend of the US and it’s clear that he has a left wing agenda. So it cannot have been a complete surprise when he announced on 1st February 2208 that Ecuador would be revoking as many as 587 concessions owned by transnational mining corporations. Not the sort of man you would invite to dinner, but it’s as well to appreciate that most politicians make many wild threats to encourage their supporters when they come to power, but tend to back down when the practicalities are explained. Look at Gordon Brown, the UK’s most imprudent gold salesman, who became prime minister less than a year ago and has already backed down twice on tax.
President Correa has clearly watched what’s been happening in the Democratic Republic of Congo and decided he wants a bit of that for himself. The trouble is that his officials were lax in drafting the new Mining Mandate that was approved by the Ecuador Constitutional Assembly on 18th April. A lot of it is a mystery even to Corriente Resources, which has been working in the country for a number of years on the Corriente copper belt where the Mirador project has now advanced project to feasibility stage.
According to Ken Shannon, chief executive of Corriente, “a number of the articles contained in this Mandate are very unclear and consequently, we are not yet able to fully assess any potential impact on some of our concession holdings in the country”. After a meeting with mining sector representatives on Friday 18th April 2008, the president of Ecuador, through the presidential press, issued a statement clarifying the intent of the Mining Mandate, which states the following:
“The President of the Republic, Rafael Correa reiterated today that the Mining Mandate seeks to eliminate all the illegal concessions but ‘it is not suspending the mining activity in Ecuador,’ he said. The leader made this clear during the meeting in the Cabinet Hall with several representatives of the country's mining sector, in which he confirmed that ‘The Mining Mandate does not impede future concessions, but rather the majority of the current ones that are in a bad state and will have to be reverted in order to grant them later within a new legislative frame’, he explained.
Finally, Rafael Correa said, ‘The current dilemma is not to say yes or no to mining, but rather to seek for responsible, economical, social and environmental mining’, he said, after insisting that the position of the Government of the Citizen Revolution is yes to mining, but responsible mining.”
That title the government is applying to itself sends shivers down the spine, but the sentiment is understandable. Western mining companies have not treated countries in South America and Africa particularly well, and politicians are now waking up to the fact that their country’s participation in the big profits that are rolling out tends to be very small.
But anyone who can be bothered to read Aurelian’s preliminary assessment of the new mining mandate will not find much that’s similar to the aforementioned views. An assumption is made that mining companies will only be able to hold three concessions, while the mandate is said to invoke an immediate 180 day suspension of activities on virtually all mining operations.
If the mining companies in Ecuador cannot agree what is happening, how on earth can the brokers give an opinion? It’s as if they are on the end of a big game of Chinese Whispers being carried on in a foreign language. To get back to the brokers, the reason that CIBC thinks shares in Aurelian are worth so much more than Haywood does, is that they have put a takeover premium on them. But now they’re not so sure that a major will make such a move and one analyst, who shall remain nameless to save blushes, has come up with the following priceless statement, which investors should hang in their lavatories as a reminder of how brilliant their advisers are.
“We see the potential outcomes for Aurelian as binary in nature in that things could get worse or better. We have chosen to assume that practical events will unfold rather than the political mayhem which has plagued the shares over the last 18 month. This may, or may not be the right conclusion.”
Haywood has dropped its target price from C$6 to C$1.80 and admits that this is the second reduction in a matter of days. Panic is therefore in the air and this is not surprising when one reads that the new mining mandate “could see the expropriation of Aurelian’s land rights with no appeal or compensation allowed”.
Just one question rears its head at this stage. How could president Correa then explain losses of jobs and losses of future tax to his people? In the end votes are what counts with every politician, no matter how much the appeal of grandstanding around the world. It’s also worth pointing out that it takes a lot of experience, expertise, time and money to bring a project into production. Ecuador has little of anything to offer and Correa knows this.
He also remembers the whacking Ms Joan Kuyek received from local tribal leaders last year when her NGO Mining Watch Canada protested against Corriente’s Mirador copper project. It put her right back in her hutch in the City Centre Building in Ottawa after she was made to look a complete fool when the tribes asked her to invest a sum in their area comparable with what Corriente was spending. President Correa would not like to find himself in the same position.
---
VG heron
Was wäre Orko ohne Martha...?
Orko Silver Hits 25.59 metres grading 222.3 g/t Silver-equivalent on Martha Vein
Quartalszahlen von FR.TO, wie erwartet mit weiterem Rekordergebnis 
First Majestic Silver Corp.: 1st Quarter Production Results
VG heron
Artikel von Jim Sinclair, April 26, 2008
Depressed About Gold Shares, Especially Juniors?
Dear CIGAs,
Nothing happens by chance! Please consider the following:
An excerpt from the below Reuters article:
"Small and medium-sized miners and juniors who are still in the exploration stage, are the easiest targets for bigger companies, but the acquisitions wave won't likely stop there, THEY SAID.”
Why is it that amongst companies active in minerals, it is primarily and almost only precious metals shares that are under severe selling pressure?
Why is it that companies active in other mined products or co-products as below have their shares in major demand?
Did gold not rise from $248 to a high of $1033, yet even then the hammer was being applied to gold shares, especially those that hold the potential and promise of new production, as production declines?
Is there not a glaring example of a mined product in the form of potash this week? Did not an IPO in a mining company specializing in potash used as a fertilizer open up above its issue price by 58%?
Chemically, potash consists of potassium carbonate, but also might contain potassium oxide or potassium chloride, depending on how pure you consider the mixture. Usually, potash takes the form of powdery salts. Modern methods of extraction almost all rely upon deposits mined from ores, like sylvanite.
Nowadays our potash comes from mining and goes toward inorganic fertilizer rich in potassium.
Why are other mining entities acting so well, especially those with the following significant products:
* Antimony
* Beryllium
* Cadmium
* Chromium
* Cobalt
* Manganese
* PGMs
* Rhodium
* Tungsten
* Vanadium
How about simple iron ore and all those involved in all the criteria of exploration and development of crude oil? That is an extractive industry as is precious metals mining.
Your answer may be that gold is different but it is not. You might say others think that gold has topped, but it hasn’t.
The stimulants economically are the same for potash, iron ore and the other items listed above as it is for gold. It is the growth in Asia, the consequences of the effort to maintain the social order as the financial order implodes, and the condition of the US dollar.
Nothing happens by chance but for argument sake lets call it an opportunity to be seized. Many junior gold companies are so depressed that they are worth more dead than alive.
Gold and other metals shares are depressed so that they are selling well below their “Asset Vale.”
Asset Value is something that 3.7 generations have not taken into consideration where price is concerned. You may recall that I suggested to you that one major company would consolidate the industry. Keep that concept in mind. Major gold producers are in need of new production. This is FACT.
South African companies are in need of major projects OUTSIDE of the RSA. For the RSA gold producer there is no expansion of reserves in RSA because, even if they have it, they cannot produce it as the energy situation is already stressed beyond demand. This is a long-term problem unfortunately.
The major consolidator of the Gold mining industry may have gotten too greedy in waiting for future reserve properties to become ever cheaper and cheaper for acquisition or joint venture.
The game being played by design or serendipity is to depress the juniors or to take advantage of the decline in the juniors as a result of the poor share price action through starving the junior or explorer of financing.
Depressing the price of the shares of most junior situations results in starving precious metals juniors of financing and their shareholders would be ripe for a bid for the company at a price much lower then their highs when gold was at $600. It may also make the smaller company eager to make deals at less than advantageous conditions for their investors.
The key here is that the gold producing industry is in need of new resources as present resources are depleting. That is fact about which there is no question whatsoever.
It is much cheaper to pick up a property or entire company in a financially stressed condition because it cannot publicly finance for continued operation.
Let’s call the situation the taking advantage of a serendipitous development. To others it looks like the consolidators are holding a smoking gun. The weakness in this strategy is the advent of new competition for minerals internationally, primarily from Asia and the Middle East.
The Saudis and the Chinese are actively looking for mineral prospects from industrial to precious metals, from strategic metals and material to rare earths and beach sands, having publicly said so at top executive levels.
The major industry consolidators now have competition from companies with more liquidity and NO need for debt to take any property to production.
The advent of this new competition may well trump the western companies some feel are holding the smoking guns.
This competition from Asia and the Middle East may accelerate the consolidator, whose timing is a greed driven desire to get properties so cheap they might be considered free, to move sooner than later.
To call attention to the factual nature of this analysis please read the following article posted here April 11th this year regarding the stated interest of a major Chinese company given publicly at a recent professional mining conference and quoted therein.
Please note the all-important statement given by a top executive of the Chinese company:
"Small and medium-sized miners and juniors who are still in the exploration stage, are the easiest targets for bigger companies, but the acquisitions wave won't likely stop there, THEY SAID."
Mega mergers ahead for mining industry
Fri Apr 11, 2008 6:13pm BST
By Ignacio Badal – Analysis
SANTIAGO (Reuters) - With metal prices holding in what many call a super cycle, the global trend toward mergers and acquisitions will continue among miners, according to analysts and executives who attended the CRU/Cesco copper week in Santiago this week.
Small and medium-sized miners, and juniors who are still in the exploration stage, are the easiest targets for bigger companies, but the acquisition wave won't likely stop there, they said.
Mining analysts agree the market will soon see more huge takeover bids announced, like the failed attempt by Brazilian mining giant Vale (VALE5.SA) (RIO.N) to buy Xstrata (XTA.L) for more than $90 billion.
Executives say acquisitions will continue because global copper demand is growing and supplies are tight, so new supply has to be brought on line. The easiest way to do that is to buy existing producers.
Companies will be on the lookout for producing assets and smaller players won't have the same access to financing to bring new output on line.
"(Mining) costs have skyrocketed in recent years, with the subprime crisis and the disappearance of securitized debt markets ... it is increasingly difficult to finance, meaning only the best capitalized players can afford to invest," said Bart Melek, a Toronto-based analyst with BMO Capital Markets.
"We may well be entering an era of super-consolidation. We'll see what pans out during the course of the next two years," Charlie Sartain, the chief executive of Xstrata Copper, told the CRU conference on Thursday.
Words like mergers, acquisitions and takeovers were among the most heard at the CRU and Cesco copper week, where potential buyers and sellers huddled in hallways and hotel lobbies.
Now think about this as you take actions based on emotions based on the late afternoon manipulations of price, not on hard cold reasoning.
( Click on the link below to visit our website. )
http://www.jsmineset.com/
___
VG heron
Posting aus dem SH Forum- eigentlich ziemlich uninteressant, aber in diesen Zeiten nicht gerade hilfreich für den Kurs
Sterling itself has nothing to do with a bar and hotel. There was, however, a separate deal between Ray De Motte, Carol Stephan (a director of Sterling) and the "large shareholder" who did give De Motte and Stephan money as part of an investment partnership, and the partnership did apparently use some of that money to buy the Jameson Saloon and Restaurant. Be that as it may, Sterling is involved in a lawsuit with this "large shareholder" as disclosed in the most recent SEC filing (see below). There are some interesting tidbits in there, but bottom line is that anyone alleging this litigation is the biggest problem facing Sterling is spreading propaganda. See Altria for the real deal. It is potentially troubling that "[the Court found] the state securities law claims against Mr. DeMotte to be adequately pled" but of course final judgment should not be passed until the claims are actually proved in court. It may never come to that, however, if Sterling's highly unusual disclosure strategy bears fruit: "continue to vigorously defend the claims against it, unless and until a settlement can be reached on acceptable terms"! Item I Legal Proceedings As initially reported in our report on form 10-Q for the quarter ended June 30, 2006, in September 2005, James D. Christianson and several small entities whom Christianson represents filed a lawsuit in the United States District Court for the Western District of Washington against several parties, including two directors of the Company, Carol Stephan and Ray DeMotte. Mr. DeMotte is also an officer of the Company. The original complaint alleged, among other things, that DeMotte and Stephan made misrepresentations and omitted information in connection with the plaintiffs’ purchases of stock in the Company and in other entities with which they alleged DeMotte and/or Stephan are associated. The Company was not a party to the original complaint. Claims against several parties were dismissed without prejudice on jurisdictional grounds and venue of the case was later transferred to the Northern Division of the District of Idaho. The plaintiffs requested, and were granted leave to amend their complaint, and their amended complaint included new claims against the Company and others. The plaintiffs’ amended complaint asserted, with respect to the Company, that it and others made misrepresentations and omitted information in connection with the plaintiffs’ purchases of the Company’s stock. It asserted claims for civil RICO under Idaho law, and for securities fraud, misrepresentation and other causes of action. The Company and the other defendants responded by moving to dismiss the amended complaint on various grounds. In March 2007, Plaintiffs filed a motion for a second amendment to their complaint adding several third parties. In June 2007, the parties participated in court ordered mediation, but a settlement was not reached. On September 24, 2007, the pending motions to dismiss the amended complaint were partially granted and partially denied. In particular, the Court dismissed all of the RICO and common fraud claims, dismissed the state law securities claims against the Company except as they related to plaintiffs’ initial purchase of approximately 75,000 shares of Sterling stock, dismissed all Consumer Protection Act claims, but found the state securities law claims against Mr. DeMotte to be adequately pled. The motion to file a second amendment to the plaintiffs’ complaint was denied with regard to the claim under the state Consumer Protection Act, but was granted as to the remaining claims. The Court’s opinion cautioned, however, that this will be the last chance given to plaintiffs to amend their pleadings, and that the Court may award attorneys’ fees against plaintiffs if they file a second amended complaint which is successfully challenged by defendants. On October 31, 2007, Plaintiffs filed a second amended complaint in which the claims against the Company were substantially narrowed. Motions to dismiss by the defendants must be filed by December 29, 2007. The Company intends to continue to vigorously defend the claims against it, unless and until a settlement can be reached on acceptable terms.
Metanor Pours More Gold, Moves 2nd Drill to Promising Barry Property
Thursday April 24, 9:15 am ET
VAL-D'OR, QUEBEC--(Marketwire - April 24, 2008 ) - Metanor Resources Inc. (TSX VENTURE:MTO - News) is pleased to announce that it has poured more gold at its Bachelor Lake Mill facilities, bringing the cumulative total to more than 3,000 ounces of gold dore bars. The bulk sample mill-feed is from its promising Barry open pit property. The Bachelor Lake Mill continues to operate consistently at 500 tons/day, 7 days a week, 24 hours a day and is well on its way of producing its minimum 1st year forecast of 25,000 ounces. Ghislain Morin, President and COO commented "The mill continues to operate very well during this start-up phase, with each day comes continued improvements - for instance -recovery is presently at 96.6%. The operations at the mill continue to show testament of the hard work of our team."
As previously announced, Metanor has commenced a 15,000 meter diamond drilling program at its promising deposit at the Barry camp. This drilling campaign was initiated to the southwest of the main zone trying to connect the main zone with zone 48. Due to the core samples taken to date with visible gold present, Management has mobilized a second diamond drill to the Barry camp and the second drill is presently on site and operating at full capacity. The core samples are analyzed at our on-site laboratory and are sent to an independent laboratory for verification, results are pending. This drilling program is being done in an effort to prove up the resources at the Barry camp and to better plan its ongoing excavation and processing of the ore body. To reinforce this program were the very promising results obtained from the most recent study published by Diagnos showing a potential body stretching 4KM in length. "With these core samples ,we continue to believe that the Barry pit is potentially a very large deposit as it is open in all directions and open at depth , this is why we are accelerating the drilling campaign with the addition of a second drill on site " stated Serge Roy, Chairman and CEO.
Mr. Andre Tremblay, P Eng. is the qualified person pursuant to National Instrument 43-101 and supervised the technical information presented in the news release.
72,159,450 shares
The TSX Venture Exchange does not accept any responsibility for the adequacy or the accuracy of the press release.
Contact:
Serge Roy, CEO
Metanor Resources Inc.
819-825-8678
info@metanor.ca
Artikel von Trendsman (Jordan Roy-Byrne) mit vielen Charts, auch längerfristigen.
VG heron
Tschonko
Letztes Jahr hat First Majestic die First Silver übernommen. Wenn man zurüchblickt frag ich mich auf wessen Seite man am besten hätte stehen sollen? Mir ist auch klar dass Oremex total unterbewertet ist, Tejamen ist gar nicht eingepreist. Aber möglicherweise werden die Oremex-Aktionäre genau so abgezockt wie die First-Silver-Aktionäre.-- Nach der Übernahme gab es letztes Jahr eine Kursschwäche bei First Majestic, am besten war es damals erst im Nachhinein einzusteigen... 
VG heron
Artikel von Charles Wyatt, minesite.com, 22. April 2008
If Everything Continues To Go To Plan First Majestic Could Be A Dividend Payer in 2010
When Keith Neumeyer, chief executive of First Majestic Silver, was announcing record silver production for the last quarter of 2007, he may have reflected that he’d made a shrewd move leaving First Quantum back in 2000. This is the African-based copper producer, of which he was the original and founding president, and also instrumental in the acquisition of the Bwana Mkubwa mine in Zambia. Since then he has grown First Majestic to the stage where it produced just over a million ounces of silver equivalent (silver plus lead) in the last quarter of 2007, while First Quantum is forced to contemplate its navel as Zambia introduces its new tax regime on mining and the authorities in DRC are review all contracts with the state mining company. On top of this First Quantum has apparently disclosed that it is suing its investment adviser, HSBC Bank over asset-backed commercial paper – the polite term for sub-prime mortgage rubbish - in which it invested US$11.3 million on the advice of the bank in July 2007.
First Majestic has no such problems as it operates in Mexico which is mining friendly and has resisted any temptation to try to boost investment income. The company has three producing silver mines silver mines in Mexico - La Parrilla, San Martin and La Encantada - and has forecast that production from them will rise to 5.5 million ounces this year and that there will be a further significant increase next, and even more in 2010. And just to emphasize the fact that it has no sub-prime junk hanging round its neck the company has just raised C$45 million from a syndicate of brokers led by CIBC World Markets. Most of this money is going to be used to expand the mill capacities at the three producing mines, but some will be used on development work and exploration. It’s no wild guess to assume that these brokers would not have been involved in the fundraising if the company had already wasted some of its funds on poor investments.
The development work just mentioned is continuing at all three mines in order to provide access to new areas, so that mining can keep pace with production as the mill capacities are increased. Thus reserve and resource development are given priority and in January six rigs were working at La Parrilla, three at San Martin and one at La Encantada. More have been added since then, and the total is now seventeen which, Keith says, is the most of any junior to mid-tier company operating in Mexico. It is interesting to note that Blackmont Capital, one of the brokers involved in the recent fund raising, reckons that La Encantada is the jewel in First Majestic’s crown with its resources having recently doubled to 63.7 million ounces of silver. A number of improvements have been made to the mill over the past year which will ensure that recoveries improve.
Keith Neumeyer doesn’t miss many tricks, and he has also been carrying out evaluation and metallurgical testwork on the old tailings dams. The results indicate that a cyanide circuit would enhance the economics of the operation, and that it might be worth increasing throughput to 3,000 tonnes per day compared with the present 700 tonnes per day. Such a change would only cost $12 million and payback would be very quick. In fact Blackmont reckons that if these changes are made production from La Encantada could increase from an estimated 1.7 million ounces of silver this year to 4 million ounces in 2010.
It is a similar story at La Parrilla, where mill enhancements are already starting to pay off. A year ago a new primary and secondary crushing plant was acquired. A new 800 tonnes per day cyanidation/flotation mill was added shortly afterwards. The upgraded mill is now running close to capacity and it can process both oxide and sulphide silver ores in two parallel circuits. This should support an increase in production from 1.56 million ounces of silver this year to 1.91 million ounces in 2009. The mine has plenty of life left in it, even then. The total silver equivalent resource now stands at 74.1 million ounces, but the new tailings dam should add a further ten years to mine life.
All good news and the same goes for San Martin where an improved performance can be expected as a result of underground development and changes that have been undertaken at the mill. When we last wrote about the company we mentioned that it was the Mexican team under chief operating officer Ramon Davila that was key to First Majestic’s performance. Once the decision was taken at the end of last year to add a 500 tonnes per day flotation circuit in order to deal with the large sulphide resource, things moved fast. The components for this circuit were sourced and it was built by the team in two months at a cost of only $1 million. Difficult for anyone to beat that, as most of the steel parts were manufactured at the mine. A third ball mill is now ready for installation, and this should boost throughput from 1,000 to 1,200 tonnes per day next year with production rising to 1.84 million ounces.
Then come the Chalchuites claims which are only 60 kilometres to the southeast of La Parrilla and comprise a contiguous land package containing four previously operated mines - Perseverancia, San Juan, La Esmeralda and Magistral. Exploration at Perseverancia and San Juan has been encouraging and a new resource can be expected to come in in the 20 to 30 million ounce range. Once this is in the bag it looks like onwards and upwards to a single plant handling ore from both mines at a rate sufficient to produce up to two million ounces of silver a year with significant base metal credits.
Keith, speaking from Mexico, says that the only constraints on production for his company are the mills as he confidently expects to be announcing resources of 300 million ounces by the end of this year. Further improvements are therefore being carried out at the mills, and his personal target, not a forecast, is for First Majestic to produce 10 million ounces of silver equivalent in 2010. This would definitely warrant promotion to the mid–tier and justify the move from the Venture Exchange to a full Toronto listing earlier this year. At the back of his mind is the possibility of a dividend payment, but that would have to await confirmation of the earnings level if the production target is reached. Not many investors would be prepared to bet against Keith getting his way on this one.
Tschonko
Oremex hab ich mal gehabt, bin aber rausgegangen weil ich vom Management nicht überzeugt war. Die haben weder das Geld noch die richtigen Leute um die Produktion aufzubauen.
ORM hat 50 Mio Unzen, aber nur in der Kategorie inferred, und auch nur teilweise abbaubar aufgrund des Konflikts mit den Anrainern. Eine Machbarkeitsstudie soll es erst nächstes Jahr geben, also drei Jahre nach der Resourcenschätzung. Danach wird vermutlich fleißig weiter gedrillt werden, um die Resourcen auszuweiten und auszuloten ob man auch Untertagebau machen kann (um das Anrainerdorf nicht umsiedeln zu müssen). Und so werden die Jahre vergehen...
Und in der Präsentatrion wird weiterhin stehen: cash operation cost $4.00 per ounze 
- weil man ja gar nicht selber in Produktion gehen will sondern nur darauf wartet übernommen zu werden. --Und wenn FR.TO tatsächlich einens Tages ein Übernahmeangebot für ORM machen sollte, wäre das bestimmt nicht allzu üppig, wie wir aus der Vergangenheit ja wissen.
VG heron
Artikel von Andrew K. Burger, ResourceInvestor.com
Impact Silver Looks to Build on Success South of the Border
VG heron
Tschonko
Sehr lesenswert, was Tom Szabo schreibt. Mal schauen was FR.TO mit all dem Cash machen wird, im MD&A steht dazu:
...as a result of the Company’s completed offering in March, 2008, management is currently reviewing plans that may include the expansion of its operations...
Die Zahlen von FR find ich ok. IMO wird da nicht sinnlos Geld verbrannt, sondern die Company weiterentwickelt, was sich ja auch an der steigenden Marktkapitalisierung zeigt.
Fortschritte bei KBX:
Kimber adds second drill at Monterde gold-silver project focused on testing depth potential of Carmen deposit
VG heron
Bei Rochester kommt nun das AMEX-Listing.
Die lang erwartete Resourcenschätzung gibt's nicht vor Jahresmitte.
VG heron
HALIFAX, Apr 18, 2008 (Canada NewsWire via COMTEX News Network) -- Trading Symbol: ADA:TSX; C2Z-Frankfurt
Shares Outstanding: 142,237,907
Acadian Mining Corporation (TSX:ADA) ("Acadian" or the "Company") announces a proposed spinout transaction ("Arrangement") involving its gold exploration properties ("Spinout Assets"). The Arrangement is intended to create a new public company, Annapolis Gold Corporation ("Annapolis"), which would own the Spinout Assets and initially be owned by the shareholders of Acadian. The Arrangement is to be accomplished through a plan of arrangement under the Canada Business Corporations Act and is subject to approval by Acadian shareholders, the Supreme Court of Nova Scotia and regulatory authorities, including the Toronto Stock Exchange and any exchange upon which Annapolis seeks a listing.
Acadian has scheduled its annual and special meeting of shareholders ("Meeting") for June 9, 2008, to, among other things, approve the Arrangement. The Notice of Meeting and supporting documents for the Meeting will be mailed to the shareholders of Acadian in the coming weeks.
If all required approvals are received and the Arrangement proceeds, the Arrangement will result in shareholders of Acadian receiving one share of Annapolis for every four shares of Acadian they hold on the "Distribution Date" and Annapolis will own all of the Spinout Assets described below. Acadian shareholders will continue to hold all the same number of Acadian shares they owned before the Arrangement and Acadian will continue to own the Scotia Mine operations together with all of the Company's extensive base metal claim holdings including the Getty Deposit, the Smithfield Deposit currently under option, the Eastville prospect, the Lake Ainslie barite-fluorite deposits and its 44.42% interest in Royal Roads Corp. (RRO-TSX-V). Acadian will continue to be managed by its existing management team and Acadian will provide administrative and operational services to Annapolis with such additional staff as may be required. The officers and directors of Annapolis will initially be the same as those for Acadian.
It is anticipated that the Distribution Date will occur in late June, 2008. Financing arrangements will be conducted before the Distribution Date to raise funds for Annapolis with investors receiving shares of Annapolis.
Acadian believes that the arrangement will (i) create the appropriate structure to fund the exploration activities for the Spinout Assets; (ii) provide greater aggregate access to capital to fund the growth of the businesses of each of Acadian and Annapolis; (iii) better align the risks and returns from Acadian's current assets and provide Acadian's shareholders with the ability to determine their participation in such assets through their holdings of shares of Acadian and shares of Annapolis; and (iv) enhance long-term value for Acadian's shareholders.
The Spinout Assets are comprised of all of Acadian's extensive gold claim holdings including Acadian's four advanced gold properties, Beaver Dam, Tangier, Forest Hill and Goldenville, which form the core holdings of the Scotia Goldfields project. The four advanced properties all host National Instrument 43-101 compliant gold resources as summarized in the table below.
<<
Gold Resources
-------------------------------------------------------------------------
Cut
------------------------------
Property Lower Cut-off Category Tonnes* Grade Ounces*
-------------------------------------------------------------------------
Inferred 10,400,000 1.51 504,000
Beaver Dam 0.3 g/t -----------------------------------------
Indicated 9,080,000 1.53 446,000
-------------------------------------------------------------------------
-------------------------------------------------------------------------
Inferred 383,000 11.93 147,000
Forest Hill 3.5 g/t/1.2m -----------------------------------------
Indicated 225,000 14.91 108,000
-------------------------------------------------------------------------
-------------------------------------------------------------------------
Inferred 271,000 12.08 105,000
Tangier 3.5 g/t/1.2m -----------------------------------------
Indicated 134,000 9.67 42,000
-------------------------------------------------------------------------
-------------------------------------------------------------------------
Inferred 385,000 12.38 153,000
Goldenville 3.5 g/t/1.2m -----------------------------------------
Indicated 63,000 14.72 30,000
-------------------------------------------------------------------------
-------------------------------------------------------------------------
TOTAL - 4 PROJECTS Inferred 909,000
----------
----------
Indicated 626,000
-------------------------------------------------------------------------
*Rounded
PR No. 23-07, July 16, 2007; PR No. 13-05, Oct 7, 2005; PR No. 17-05,
Oct. 5, 2004; PR No. 02-05, March 2, 2005
>>
The Beaver Dam property is presently the subject of a scoping study, the results of which are anticipated shortly. The Beaver Dam property is being evaluated for the potential to support an open pit operation followed by an underground phase. In addition, Beaver Dam is a potential site for a central milling facility to process material from potential underground operations at Forest Hill, Goldenville and Tangier. The Tangier property boasts a modern ramp to a depth of 145 metres and 5,000 metres of underground work, and both Forest Hill and Goldenville have modern shafts and extensive underground development. Annapolis' objective will be to advance these properties to production subject principally to completing positive studies, and obtaining the necessary permits and financing.
Management's Opinion
--------------------
Will Felderhof, President and CEO stated: "Given the current price and outlook for gold this is an appropriate time to expeditiously advance these gold properties and create value for our shareholders."
About the Company
-----------------
Acadian is a Halifax, Nova Scotia, Canada based mining company which operates a zinc-lead mine (Scotia Mine) at Gays River, Nova Scotia and is exploring and developing gold, zinc-lead, and barite properties in Atlantic Canada.
The Scotia Mine operates as an open pit mine and is expected to produce 30,000 tonnes of high grade zinc concentrate and 12,000 tonnes of high grade lead concentrate per year. See the Company's News Release No. 16-06, July 17, 2006 for further details.
The Company is also focused on developing four advanced gold properties, Beaver Dam, Tangier, Forest Hill and Goldenville, which form the core holdings of the Scotia Goldfields project. Each of the four advanced properties host gold resources described in technical reports prepared in compliance with National Instrument 43-101 and are available on http://www.sedar.com. A summary of gold resources for Goldenville, Forest Hill and Tangier is provided in News Release No, 01-06, January 5, 2006, under the paragraph titled "About Acadian Gold". A summary of gold resources for Beaver Dam is provided in News Release No 23-07, July 16, 2007. The Corporation is bringing a new approach to the development of Nova Scotia gold deposits by pursuing a multiple mine, central processing, managing and servicing strategy.
The Company holds a 44.42% equity interest in Royal Roads Corp. ("Royal Roads") (RRO-TSX-V). Royal Roads' principal asset is a 16,075 hectare (approximately 32 km x 5 km) mineral property known as the Tulks North property which is strategically located in the centre of the world-class Buchans base metal camp in central Newfoundland, Canada. In addition, Royal Roads holds a 26.4% equity interest in Buchans River Ltd. ("Buchans River") (BUV-TSX-V), which also holds a highly prospective property portfolio in the Buchans camp. Acadian's indirect interest in Buchans River is 11.7%.
Other
-----
Terence Coughlan, B.Sc., P. Geo., is a qualified person as defined by National Instrument 43-101 and has reviewed the technical information reported in this news release for accuracy.
Forward Looking Statement
-------------------------
Certain information regarding the Company contained herein may constitute forward-looking statements within the meaning of applicable securities laws. Forward-looking statements may include estimates, plans, expectations, opinions, forecasts, projections, guidance or other statements that are not statements of fact. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. The Company cautions that actual performance will be affected by a number of factors, many of which are beyond the Company's control, and that future events and results may vary substantially from what the Company currently foresees. Discussion of the various factors that may affect future results is contained in the Company's 2006 Annual Report which is available at http://www.sedar.com. The Company's forward-looking statements are expressly qualified in their entirety by this cautionary statement.
For additional information on the Company's properties and activities, please visit our web site at http://www.acadianmining.com. If you wish to be added to the Company's e-mail or fax distribution list for future news releases and updates, please contact Acadian at phone: 902 444-7779, fax: 902 444-3296, email: mail@acadianmining.com.
No regulatory authority has approved or disapproved the contents of this
release.
SOURCE: ACADIAN MINING CORPORATION
G. William Felderhof, President & CEO; Terry F. Coughlan, Vice President; (902) 444-7779, Toll Free: (877) 444-7774, mail@acadianmining.com
Copyright (C) 2008 CNW Group. All rights reserved.
