THE PAINTED PIGS WEDNESDAY MORNING WONDERS

THE PIG THINKS THAT INTEREST RATES AND THEIR RECENT RISE, IS A TAD OVERBLOWN.MAINLY BECAUSE ITS NOT ECONOMICS THAT THE BANKS USE A REASON TO GOUGE, ITS BOTTOM LINE. THEY'LL BE COMING BACK DOWN. THE PIG BANKS ON IT....

ON WITH THE SHOW....

DRL.V...FIRST OF THREE BIG SCANNERS ON THE NIGHT. RECENT ACCUMULATION, MOVEMENT UPWARD OF THE MOVING AVERAGE VECTOR VALUES. NOT SDURE OF THE STORY BUT THE NUMBERS SURE SAY  TAKE A LOOK.

TLG.V.... SAME AS OUR FIRST PLACE SCAN. ACCUMULATION, MOVING AVERAGE BREAKOUT AND LARGE DISTRIBUTION NUMBERS. AGAIN, NO STORY, BUT IT LOOKS LIKE SOME ACCUMULATION IS UNDERWAY.

PRR.V...LIKE ITS TWO BROTHERS ABOVE IT, THIS PIGGY IS EXHIBITING SOME BIG NUMBERS. ONCE AGAIN THE STORY IS UNKNOWN TO THE PIG, BUT THE PIG LIKES TO RELY ON NUMBERS FIRST ANYWAY. SOME MONEY STARTING TO MOVE INTO THIS PLAY, ALL AVERAGES TURNING UP AND SETIMENT INDICATORS ARE ALSO SKYWARD. LIKE THE PREVUIOUS TWO, THEY NEED WATCHING AND IF LIQUIDITY CONTINUES....IT MIGHT BE TIME FOR A SPLASH.

Gold edges up in Europe as euro steadies vs dollar

31 Mar 2010, 1252 hrs IST,REUTERS



LONDON: Gold ticked higher in early European trade on Wednesday, as the euro rose above 1.3400 level against the US dollar and was supported by


strong physical buying in Europe. Gold's gains lifted platinum to its highest in two weeks, while sister metal palladium also climbed to its loftiest since mid-March. "Euro/dollar recovered a bit, which is helping gold," a Europe-based trader said. "But we're stuck in a range between $1,110-1,120 an ounce. There's good support at $1,100 an ounce," he said.






While heading for its sixth consecutive quarter of gains, gold was still about 10 per cent below a record high around $1,226 struck in December and hovered below the 100-day moving average. "Whenever gold falls we see good physical buying coming in. Even on the private customer side, there's pretty good demand for coins and bars," the trader said.






PRICES






Spot gold was at $1,107.55 an ounce by 0654 GMT, versus $1,102.50 an ounce last quoted in New York on Tuesday, when it slipped to track a falling euro. Silver was at $17.37 an ounce from $17.25. Platinum gained to $1,639.50 an ounce, its loftiest since March 17 and was last at $1,639 an ounce versus $1,616.50 an ounce late in New York on Tuesday. Palladium rose as high as $475.75 an ounce, its highest in almost two weeks and was last at $473 an ounce, versus Tuesday's $466.50 an ounce.






MARKET NEWS






The dollar hit a three-month high against the yen on Wednesday as the Japanese currency lost ground broadly, while the Australian dollar tripped after retail sales data dented expectations for an interest rate hike next week. The euro held near $1.34, remaining vulnerable above 10-month lows as a bout of short-covering appeared to have run its course, with euro zone fiscal worries never far away.






Japanese shares rose to 18-month highs on Wednesday, continuing to eclipse their peers elsewhere in Asia, as a rebound in US consumer confidence boosted hopes that a global economic recovery will prove to be sustainable.






Oil, steady above $82 on Wednesday, was headed for its fifth consecutive quarterly gain as recovering demand outweighs ample supplies and concern over monetary tightening in leading economies. European shares are set to open higher on Wednesday, with investors likely to focus on a private sector jobs report from the United States for clues on the health of the economy.






FUNDAMENTALS






The world's largest gold-backed exchange-traded fund, SPDR Gold Trust, said its holdings stood at 1,129.823 tonnes as of March 30, unchanged from the previous business day.






Investors who expect interest rates to rise can reduce risk in an equities-laden portfolio by diversifying their investments to include at least 5 per cent commodities, according to a study by four finance scholars.






TECHNICALS


Gold support at $1,100 resistance at $1,170, 14-day RSI at 51.8. Silver support at $17.06, resistance at $17.90, 14-day RSI at 63.0. Platinum support at $1,615, resistance at $1,650, 14-day RSI at 66.5.

Copyright © 2010 Bennett Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service


This site is best viewed with Internet Explorer 6.0 or higher; Firefox 2.0 or higher at a minimum screen resolution of 1024x768






Gold ticked higher in early European trade on Wednesday, as the euro rose above 1.3400 against US dollar.

THE PAINTED PIG'S TUESDAY MORNING TIPPERS

THE PIG IS A GREEDY ANIMAL BY NATURE. BUT EVEN THE PIG HAS LEARNED, THAT WHEN YOU HAVE A 50, 75, 100% PROFIT, YOU TAKE SOME OR ALL OFF THE TABLE. A READER WROTE TO ME ABOUT THEIR $5000 PORTFOLIO GROWING TO OVER $80,000 IN A SINGLE YEAR BUT WITHIN A MONTH HAD DROPPED TO LESS THAN $45,000 BECAUSE OF SIMPLE AVERSION TO SELLING. DON'T GET CAUGHT UP IN THE EGO BUILDING EFFECTS OF SUCCESS IN TRADING. THE PIGS ADVICE......TAKE SMALL TRADES AND MAKE TIDY LITTLE PROFITS AND ALWAYS MAINTAIN THE COMMON MAN MINDSET. THIS WILL KEEP YOUR FEET FIRMLY ON THE FLOOR AND YOUR HEAD FIRMLY AFFIXED TO YOUR NECK....WHERE IT SHOULD BE............OH AND THE PIG ?....HE WAS THERE AT ONE TIME SO HE KNOWS YOUR PAIN.

ON WITH THE SHOW....

GDX.V...NO REAL STORY YET ON THIS ONE BUT SOME LARGE NUMBERS TONIGHT.

ACCUMULATION AND DISTRIBUTION OFF THE PIGS CHART, MOMENTUM AND MOVING AVERAGES FOLLWING CLOSE BY. SMELLS LIKE SOME NEWS IS NEAR. STRENGGTH IN NUMBERS TELLS THE PIG SO.

AZX.V...THE PIGS A BIT LATE TO THE GAME ON THIS PIGGY. THE SCANNER SOMETIMES MISSESS A GOOD THING. WE HAD IT ON OUR SCANS OFF AND ON FOR A MONTH AND THEN IT DROPPED OUT OF SIGHT. THEN BANG, BACK WITH A VENGEANCE. SO WHY NOW ? WELL......ITS SCANNED VERY HIGH TONIGHT AND LOOKS AS THOUGH A MAJOR MOVE MIGHT BE IMMINENT. IF IT BREAKS ITS 52 WEEK HIGH AND COUPLED WITH A DECENT NEWS RELEASE, IT COULD DOUBLE FROM THESE LEVELS.

THE PIGS MONDAY MORNING HEADS UP !!!!

BRU.V CAME OUT WITH NEWS AN HOUR AGO AT 1 A.M.THE PIG SAYS THEY HAVE ONLY 8 MILLION SHARES ON THEIR PUBLIC FLOAT. THIS MAY MOVE QUICKLY AND BE A CHANCE FOPR TRADERS TO MAKE A FEW PENNIES. BE CAREFUL PLEASE. THE NEWS IS BELOW. THE PIG WILL HAVE HIS REGULAR UPDATE ON THE BLOG LATE TONIGHT.


Bolero Commences Work Program on Red Chris Prospect Contiguous to Imperial Metals (III -TSX)



VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 29, 2010) - Bolero Resources Corp. (the "Company" or "Bolero"), (TSX VENTURE:BRU), (FRANKFURT:U7N1) is pleased to announce that Terracad Geoscience Services Ltd. has been retained to initiate the planned work program on Bolero's 100% owned Red Chris Prospect contiguous with Imperial Metals Corp. (III - TSX). This program will focus its efforts on the Eskay Creek- style mineralization, intrusion and alterations discovered in 1998 by Homestake Canada Inc.



Bolero's 100% owned Red Chris prospect is comprised of twelve strategic claims with over 10,000 acres in the Red Chris area of north-western British Columbia. The claims are contiguous with the Red Chris copper-gold property where Imperial Metals Corp. recently announced assay results of 152.5 metres grading 4.12% copper and 8.83 g/t gold, averaging 2.00% copper and 3.80 g/t gold over 432.5 metres. The newly acquired prospect is underlain by upper Triassic-age Stuhini volcanic and sedimentary formations that are the principal host rocks of the Red Chris deposit. The property border is only 5.5 kilometres southwest of the Red Chris east zone discovery.



Bolero Resources' President and CEO, R. Bruce Duncan stated, "This is a very exciting time for Bolero Resources Corp. with multiple active projects now underway. We are pleased to be moving forward quickly with the planned work program on this prospect bordering Imperial Metals' still evolving, possibly world class, Red Chris exploration property."



Initial Program:



The initial work will comprise of property reconnaissance and permitting followed by field work when conditions are suitable. A temporary camp will be required and work will include prospecting, geological reconnaissance, grid preparation, geochemical soil sampling and/or MMI (mobile metal ion) soil sampling, magnetometer survey, possibly a VLF-EM survey, and rock chip sampling of any mineral zones. Upon completion of the initial program and evaluation of results, it may be possible to proceed to more detailed property work including drilling.

 Historic work on the property


Work in 1998 in the area of the newly acquired tenures by Homestake Canada Inc., including geological mapping and geochemical sampling, outlined stratigraphy prospective for Eskay Creek-style mineralization. Nearby intrusions have alteration and other characteristics similar to those observed at the Red Chris deposit. (Reference: ARIS No. 25767)


Erik Ostensoe, P. Geo., the Company's Independent Qualified Person as defined by National Instrument 43-101, has reviewed and accepts responsibility for technical information contained in this news release.

 Bolero Resources Corp. is a Canada-based Molybdenum, Gold, and Rare Earth Element mineral development and exploration company. Our primary assets include: 100% interest in the Cannivan Gulch Molybdenum property located in Montana, USA; A 100% interest in twelve strategic claims in the Red Chris area of north-western BC, contiguous to Imperial Metals Corp (III.V); and 100% interest in 43 mineral claims prospective for Rare Earth's covering approximately 16,072 hectares, contiguous to Spectrum Mining Corporation in Northern BC. The Company is listed on the TSX-Venture Exchange under the symbol BRU, as well as the Frankfurt Exchange under U7N1. For more information, please visit http://www.boleroresources.ca/.



On behalf of the Board of Directors



R. Bruce Duncan, President & CEO



FOR FURTHER INFORMATION PLEASE CONTACT:






Bolero Resources Corp.


Investor Inquiries


(604) 787-7112










info@boleroresources.ca


www.boleroresources.ca














"Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release."

THE PIGS WEEKEND CHOICE CHOPS MARCH 27/28-2010

THE PIG HAS RENEWED FAITH IN THE SYSTEM. THE CURRENT "QUIET" EXCITEMENT IN THE JUNIOR MARKETS IS A GREAT SIGN OF A GOOD TRADING  SPRING AND SUMMER TO COME. THE PIGS SCANS ARE SLOWLY MOVING UP IN QUALITY AND THE TOP 25 ON A NIGHTLY BASIS ARE IN FLUID CHANGE MODE. SOME SYMBOLS STILL SCAN IN THE TOP 25 EVERY NIGHT, BUT LACK THE SIGNALS NECESSARY FOR ALL OUT PUBLICATION. THE CURRENT CROP ON THIS WEEKENDS SCANS ARE THE BEST OF THE BEST OF THIS WEEKEND. THE PIG REMINDS YOU ALL THAT EVEN THOUGH WE ARE GIVEN CLUES AS TO "POTENTIAL" TRADING HABITS IN THE NEAR FUTURE, THE SCANS REPRESENT A SNAPSHOT IN TIME AND THAT CAN CHANGE IN AN INSTANT EITHER UP OR DOWN. THE PIG TRIES TO ELIMINATE THE GUESS WORK AS BEST AS POSSIBLE, BUT THE NATURE OF THE MARKETS IS THAT OF RADICAL FLUIDITY AND SOMETIMES THAT WORKS AGAINST US. CASE IN POINT THE KOREAN NAVY INCIDENT THIS PAST 24 HOURS. THE PIG SAYS BE ON YOUR TOES AND READY TO MOVE IN AND OUT OF THESE TRADES AT A MOMENTS NOTICE. AS ALWAYS PATIENCE IS REQUIRED.............GREAT WEEKEND TO YOU ALL.

ON WITH THE SHOW....

MJS.V..."YIKES' 250 MILLION SHARES OUT !! NOW THE PIG NEVER LIKES TO LOOK A GIFT HORSE IN THE MOUTH, OR A EVEN A PIG FOR THAT MATTER. BUT !! THIS PIGGY SCANNED HUGE IN 8 OF 190 AREAS AND HIGH IN THE NINTH. ITS UNDER SOME ACCUMULATION AND HAS A DGREE OF UPWARD PRESSURE. SO THE PIOG SAYS IT COULD DOUBLE SHORT TERM BUT A TON OF LIQUIDITY MUST APPEAR FIRST. MIGHT BE A FUN SHOT ATY THE MOON. MAYBE EVEN A DECENT TRADING PROFIT.......YOU DECIDE...

MHI.V...NO STORY ON THIS ONE JUST SOME EXCELLENT NUMBERS ON THE SCAN TONIGHT. SCANNED WELL IN 8 OF 10 AREAS AND SOME ACCUMULATION STARTING TO OCCUR. MAY BE A GROUND FLOOR OPPORTUNITY FOR A TRIPLE, OR AT LEAST A DOUBLE. THE PIG SAYS WATCH FOR SOME CONSISTENT LIQUIDITY AND MAYBE TAKE A BITE. SOMETHINGS COMING...ITS IN THE WIND.......AND IN THE NUMBERS.

AUX.V...AREA PLAY AND THIRD HIGHEST SCANNER OF THE WHOLE GROUP OF THIS WEEKENDS SCANS. NET CAPITAL INFLOW ONGOING AND THE MOMENTUM AVERAGES CAME IN VERY HIGH AS WELL. THE PIG THINKS WITH THESE KIND OF NUMBERS AND A DECENT NEWS RELEASE, A DOUBLE IS POSSIBLE IN THE SHORT TERM.

Rescue Continues in Korea Ship Sinking

By EVAN RAMSTAD

SEOUL – South Korean rescuers in ships and helicopters on Saturday searched for survivors of an explosion that sank a naval patrol boat near the maritime border with North Korea but officials made no reports of progress by mid-afternoon.

View Full Image

AFP/Getty Images

South Korean Navy Commodore Lee Ki-Sik holds a press conference at a defense ministry office in Seoul early on March 27, 2010.

In the hours after the explosion late Friday, rescuers pulled 58 sailors from the water near Baengnyeong Island, the country's western-most land in the Yellow Sea. Another 46 were missing.
The incident may surpass a 1967 sinking as the most deadly naval episode for South Korea since the Korean War of the 1950s. In the 1967 incident, North Korea shot and sank a South Korean vessel, killing 39 of 79 crew members.
By mid-Saturday, South Korean officials had made no comments about whether North Korea played a role in the sinking of the latest ship, which patrols a maritime border that has long been contested by Pyongyang.
The broader relationship between North and South has been fractious since the Korean War. The two countries traded naval fire as recently as November in the area near where the patrol boat sank Friday.
But on Saturday, the defense ministry said no changes had been made to the country's military posture, a sign that South Korean officials did not consider the country to be under attack by the North.
President Lee Myung-bak met with national security officials for several hours Friday after the explosion was reported. He reconvened the group early Saturday at the presidential Blue House but had made no statements by mid-afternoon.
The ship, called Cheonan after a city in central South Korea, sank in an area only 1.8 kilometers off the west-southwest side of the island, which has a naval base. The area is relatively shallow, which may make it possible to recover the ship.
Their common maritime border was established by the United Nations in 1953, shortly after the cease-fire agreement that ended the Korean War. North Korea has never formally accepted the line and has tested it sporadically with brief naval incursions.
The most recent time the two Koreas traded fire at sea was Nov. 10, when patrol boats from the two sides engaged in a two-minute firefight after a North Korean vessel strayed south of the maritime border. The North's ship caught fire and returned to port. A South Korean ship suffered minor damage.
On Jan. 27, North Korea fired artillery shells from shoreline positions into water near the maritime border in what it called a training exercise. South Korea returned warning shots into North Korean water. No damage was caused or sustained by either side in that incident.
Before those incidents, the previous time the two Koreas traded gunfire at sea was in June 2002, when a North Korean patrol boat sank a South Korean boat in the Yellow Sea border area, killing six South Korean sailors and injuring 19 others.
In June 1999, South Korea sank two North Korean warships in the same area, killing an unknown number of sailors. Seven South Korean sailors were injured at that time.
The Obama administration cautioned Friday against assuming a North Korean role in the Cheonan's sinking. The U.S. has been a South Korea's chief defense ally since the start of the Korean War.
—Jaeyeon Woo contributed to this report. Write to Evan Ramstad at evan.ramstad@wsj.com

7 Rules of Wealth Building

Practical Keys to Amassing Investment Capital

By Joshua Kennon, About.com Guide

Statistics show that for the average person, the level of net worth they achieve in life comes down to a handful of key decisions they make about love, family, education, and occupation. Knowing what these are can help you make a conscience choice.

Jan Stromme, Getty Images

Most parents want to teach their children responsibility - how to become self sufficient and succeed in life (after all, no one plans on raising a dead beat). However, very few actually accomplish this task. Why? Because, as parents, we are limited to the experiences our parents passed on to us; the antiquated notion that "responsibility" is simply getting a job, saving a little money, and maybe purchasing a car or some equally important item. Hopefully these seven rules will open your eyes and help you teach your children to avoid the traps that have stolen financial success from so many people.

Wealth Building Rule 1: Put Off Marriage

Your biggest obstacle to attaining wealth is YOU. Too often, people live their lives in a manner that is not conducive to creating riches and then get frustrated at "the system" when they only really have themselves to blame. One of the most important financial decisions you will ever make is marriage¹ (more specifically who you marry and when). By putting off the walk down the aisle for a few years, you can save a decade worth of frustration. Your first goal should be to become financially independent, with little or no debt, and have your investments in place. Once you have these three things, your odds of success are drastically improved by beginning your journey on a level playing field (after all, the number-one reason for divorce is financial trouble).

Wealth Building Rule 2: Debt is a Disease

With a few notable exceptions, debt is a form of bondage; a disease that enslaves the borrower. A few years ago, there was a young lady attending college who shot herself because she couldn't pay back $2,300 in credit card debt. Although an extreme example, it is a testament to the power money has over peoples' lives. Imagine your life without owing anyone anything; your car, your house, your education, all paid for in full. Like what you see? When you want it badly enough, you will make extinguishing your debt² your number one priority.

Wealth Building Rule 3: If You Don't Like Where your Parents Were at Your Age - Do Things Differently

The old cliché that "insanity is doing the same thing over and over expecting different results," holds just as true today as it did when it was originally written. If you don't like where your parents were at your age, stop what you are doing. During your childhood, they taught you all they knew about money. For many people, these early years established how they feel about their finances today. In order to become financially successful, you must do something different than they did. Otherwise, you will end up exactly as they are.

Wealth Building Rule 4: When you Begin a Job, Look at the Pay of the Highest Employee

Whether you are looking for employment now or are thinking about it sometime in the near future, one of the most important things for you to do is to look at what the top-dog gets at any company for which you are considering working. This will give you an idea of how high you can expect to climb in terms of earnings and promotion. If the CEO is making $30,000 a year, you have no chance to make six figures. Select a job accordingly. 

Wealth Building Rule 5: Do Something You Love and Get Paid for It

I remember going into college and being surrounded with people who wanted to be artists, scientists, and businessmen, but instead did what their parents or grandparents told them to do. There is no honor in being a doctor or a lawyer if you wake up every morning and hate your job. Pick a profession you love and you'll never have to work a day in your life.

Wealth Building Rule 6: Understand the Money Myth

Money is nothing more than a piece of paper with the image of a long-dead person on it. When you understand that any power it has over you is derived from your relationship with it, you suddenly become free from the constant pressures and stress of thinking about it. Especially at times such as these, if you are putting money away for ten, fifteen, or twenty years down the road, stop checking your portfolio every day! There is nothing you can gain from it except stress.

Wealth Building Rule 7: Your New Commodity is Not Your Labor, It's Your Ideas

With the advent of the Internet and other technological advances, you are no longer limited to supporting yourself or making a living by your physical labor. The only limit you have on yourself now is your own imagination - your ideas are the most valuable thing you possess. Every man, woman, and child is a salesman for a living; if you don't own a business or investments, then you sell your manual labor to a company in exchange for a paycheck. Change your product. The gap between the rich and poor does indeed grow larger with each passing year, but not because of inequalities or any other such injustices. Instead, it is because the rich understand money and how to use it. Capital is literally a seed; learn how to plant it to produce the best harvest. When you do this, you will rule your finances, not the other way around. 

5 Financial Toxins That Keep Us From Acting on Our Knowledge

The Task Force pointed to a number of factors that can keep us from acting to achieve our financial goals. I’ll outline these toxins here and offer a possible antidote for each:
1. Procrastination: We tend to postpone important tasks like budgeting and retirement planning. I think we may do this, at least at first, because we’re not sure how to go about it. Once we learn how to do it, we don’t always stick with it.
Antidote: One way to combat a bad habit is to replace it with a good one. Make  financial planning and monitoring an automatic, regular occurrence. At first, you may want to do it weekly. As you get better at it, you can probably go monthly. Don’t forget to do a quarterly (or at least annual) review of the big picture too. And don’t get discouraged if you temporarily get off track. Perseverence can be your greatest asset. Just keep at it.
2. Inertia: As noted in today’s quotation, it’s so much easier to maintain the status quo than to implement changes, even if we know that’s the best thing for us.
Antidote: Make change a priority. Make a list of changes that you want to enact. Keep it small and simple. Just write one thing down if that’s all you can manage. Focus daily on that one goal. Stick a post-it note on your desk, bedside table, or bathroom mirror. Aim to do or think at least one thing that gets you closer to your goal each day. Check out 5 Goal Setting Guidelines and choose a strategy that works for you.
3. Choice Overload: It seems like everything is becoming more complex nowadays. Financial products are no exception. We seem to have a tendency to identify a good thing and then bring so many versions of that thing to market that the consuming public becomes dizzy and disinterested. ETFs are good example of this phenomenon.
Antidote: Choose simplicity. If you don’t understand ETFs, stocks, bonds, or mutual funds, put your money into a savings account or GIC until you learn more. And there’s no law that says you ever have to invest in any of those products if you don’t want to. Just because they offer you complex products, that doesn’t mean you have to buy them.
4. Overconfidence or Optimism: Surveys have shown that Canadians feel quite confident in dealing with financial and economic matters, but measures of broader economic knowledge don’t bear that out. Apparently we aren’t quite as knowledgeable as we think we are.
Antidote: Knowledge is power. I know I say that a lot, but it’s true. We’re never done learning. If you aren’t happy with something in your life, change it. Learn about what it might take to make the changes you desire. Don’t assume there are no good answers until you’ve at least sought them out. Give your financial future the time and attention it deserves.
5. Zeitgeist: This means “the spirit of the time”; the moral and intellectual thought or feeling of an age or period of time. Modern culture encourages us to live for today, in constant pursuit of the latest, biggest, and best clothing, gadgets, homes and “stuff” in general. The Task Force suggests that budgeting might be a way for us to overcome this and control our spending. In a recent survey, only 51% of Canadians indicated that they had a budget.
Antidote: I’m a huge fan of budgeting, but I have an even simpler solution: Say NO. Refuse to buy into what they’re selling. What are they selling anyway? A better life? I wonder how many people with McMansions, designer everything, and the mountain of debt that goes with them feel happier? By all means, spend on things that truly bring you joy. But don’t sentence yourself to destitution in retirement to have “stuff” now. The future will not take care of itself. We have to do it ourselves.
Of the 5 toxins above, procrastination and inertia are my biggest problems. I still struggle with putting my plans into action.
 

In the hours after the explosion late Friday, rescuers pulled 58 sailors from the water near Baengnyeong Island, the country's western-most land in the Yellow Sea. Another 46 were missiThe incident may surpass a 1967 sinking as the most deadly naval episode for South Korea since the Korean War of the 1950s. In the 1967 incident, North Korea shot and sank a South Korean vessel, killing 39 of 79 crew membersBy mid-Saturday, South Korean officials had made no comments about whether North Korea played a role in the sinking of the latest ship, which patrols a maritime border that has long been contested by Pyongyang.

THE PAINTED PIGS FRIDAY MORNING FRACAS

THE PIG IS A SENSITIVE CREATURE, EASY TO GET ALONG WITH, QUIET AS A MOUSE (PIGS CAN BE QUIET...........CAN'T THEY ?) AND CO-OPERATIVE TO A FAULT. BUT THE PIG GETS A TAD RILED WHEN HE SEES AN ARTICLE IN A NEWSPAPER,  ABOUT A FINANCE COMPANY THAT DEALS WITH THE "UNLUCKY" PEOPLE OUT THERE. THOSE WHO BY BAD LUCK, BAD CIRCUMSTANCE OR BY BAD SPENDING HABITS, LOST SOME OR ALL OF THERE POSSESSIONS AND CREDIT RATING. AN ARTICLE WHERE THE CEO CHARITABLY IMPLIES THEY ARE HERE TO HELP THE DOWN TRODDEN. BUT THE PIG ASKS, HOW CAN YOU HELP THE DOWN TRODDEN WHEN YOU CHARGE 29% INTEREST ? HOW ARE YOU HELPING SOMEONE GET OUT OF THE HOLE WHEN YOU ARE GOUGING THEM BACK INTO IT ? THIS IS HUMAN ? THIS IS HELPING ? THE PIG IS GLAD HE IS NOT IN THEIR SHOES. WITH FRIENDS LIKE THEM HELPING TO GET OUT OF THE HOLE, WHO NEEDS ANOTHER FRIEND UP TOP FILLING IT IN AS QUICKLY ?

ON WITH THE SHOW....

APA.V..LARGE RARE EARTH PLAY AND HIGH SCANNER OF THE NIGHT. SEEMS LIKE NEWS IS CLOSE AT HAND. BIG MOMENTUM AND MOVING AVERAGE INCREASES OVER THE LAST FEW DAYS. MIGHT BE RIPE. THE PIG WILL WAIT FOR MORE LIQUIDITY FIRST.

MEK.V...THE PIG LIKES THE FLOAT. THE PIG LOVES THE SCANS. THE PIG SAYS ITS COMING INTO THE LIMELIGHT WITH A POTENTIAL RELEASE. TRADING, CHART AND SCANS ALL SAY ACCUMULATION AND DISTRIBUTION IS HIGH. MIGHT BE A DOUBLE MEDIUM TERM. THE PIGS LIKES ITS CHANCES.

A PIG LONG TERM FAVORITE HAD NEWS OUT TODAY......


Allana Potash Corp

Symbol AAA


Shares Issued 96,532,390


Close 2010-03-25 C$ 0.41


Recent Sedar Documents














Allana Potash closes $5.8-million financing










2010-03-25 19:16 ET - News Release






Mr. Farhad Abasov reports






ALLANA POTASH CLOSES $5.8 MILLION PRIVATE PLACEMENT FINANCING






Allana Potash Corp. has completed its previously announced private placement of 14,442,500 units of the company at a price of 40 cents per unit for gross proceeds of approximately $5.8-million. The offering was led by Wellington West Capital Markets Inc. and Dundee Securities Corp., and included Loewen, Ondaatje, McCutcheon Ltd.






Each unit consists of one common share of the company and one-half of one common share purchase warrant of the company. Each warrant entitles the holder to acquire one additional common share at a purchase price of 50 cents until Sept. 25, 2011.






In connection with the offering, the company has agreed to pay to the agents a cash commission equal to 6 per cent of the gross proceeds raised under the offering and to issue to the agents an aggregate of 866,550 broker warrants. Each broker warrant shall entitle the holder to acquire one common share at a price of 40 cents until March 25, 2011.






Allana intends to use the proceeds of the offering to finance exploration and development efforts on the company's potash property in Ethiopia, and for general working capital purposes.






All securities issued in connection with the offering are subject to a hold period expiring on July 26, 2010.

THE PIGS THURSDAY MORNING BULLETIN !!!

THIS PIGGY MAY BE GOOD FOR A DAY TRADE....................SOME DECENT NEWS JUST HIT THE WIRE !!!!! KEEP AN EYE ON IT.......


Eloro Intersects Up to 20.4 g/t Gold Over 3.0 Metres in Multiple New Gold Zones, Adding Significant Potential Below the Simkar Gold Property's Historic Mine Workings

TORONTO, ONTARIO--(Marketwire - March 25, 2010) - Eloro Resources Ltd. (TSX VENTURE:ELO)(FRANKFURT:P2Q) ("Eloro" or the "Company") is pleased to provide the first assay results from the ongoing, surface diamond drilling program at the Simkar Gold Project ("Simkar" or the "Property") located in the prolific Abitibi Greenstone Belt, 20 km east of Val-d'Or (Quebec). Simkar consists of two contiguous mining concessions totalling 226 hectares in Louvicourt Township, and is wholly-owned by Megastar Development Corp. ("Megastar") (TSX VENTURE:MDV) under option to Eloro.

Drill hole SK10-12 intersected 9.4 g/t Au over a 5.9 m core length including an interval of 24.6 g/t Au over 2.1 m. Drill hole SK10-13 intersected 20.4 g/t Au over a 3.0 m core length including an interval of 40.3 g/t Au over 1.3 m. Drill hole SK10-16 intersected 4.0 g/t Au over a 5.0 m core length including an interval of 11.9 g/t Au over 1.0 m. The reported intersections are relatively shallow ranging from 170 m to 275 m vertical below surface.
The current drilling program incorporates 17 holes totalling 6,125 m, of which 11 holes have been completed to date for 3,400 m. The holes are being drilled in reverse order to the hole numbers, and assay results are available for the first 6 holes drilled, including; SK10-12 to SK10-17 (inclusive). Highlights of the analytical results received to date are tabulated below, with no significant results to report from holes SK10-14, SK10-15 or SK10-17.
----------------------------------------------------------------------------

CORE LENGTH

DDH # FROM (m) TO (m) (m) GOLD (g/t)

----------------------------------------------------------------------------

SK10-12 313.9 319.8 5.9 9.4

----------------------------------------------------------------------------

incl. 317.7 319.2 2.1 24.6

----------------------------------------------------------------------------

SK10-13 246.0 249.0 3.0 20.4

----------------------------------------------------------------------------

incl. 246.0 247.3 1.3 40.3

----------------------------------------------------------------------------

SK10-14 No significant intervals

----------------------------------------------------------------------------

SK10-15 No significant intervals

----------------------------------------------------------------------------

SK10-16 194.0 199.0 5.0 4.0

----------------------------------------------------------------------------

incl. 194.0 195.0 1.0 11.9

----------------------------------------------------------------------------

SK10-17 No significant intervals

----------------------------------------------------------------------------

(1) All holes are inclined and "From" and "To" distances tabulated are

metres drilled downhole not vertical depths.

(2) Sample and intersection "Length" tabulated are downhole lengths and not

"true" widths.

(3) All assays are reported uncut.

Quality Assurance and Quality Control ("QA/QC") protocols are outlined

below.
The current Simkar mineralization model was generated from a comprehensive 3-D compilation and synthesis of historic mine and drill hole data that include the "A", "B", "C", "Montana", "East" and "South" zones from which there is historic gold production. Even though the gold mineralization is interpreted to continue down-dip and down-plunge of the mine workings, only a few of the historic holes tested the gold mineralization below the lower levels of the mine. The 2010 drilling specifically targets the extensions of the modelled zones, primarily below 200 metres vertical depth under the historic underground workings, specifically along the projections and intersections of the planar shear zones.
The intersection in SK10-16 occurs along the eastern extension of the B Zone, near the projected northeast extension of the C Zone. The intersection may represent a new high-grade zone, previously unexplored and open in all directions at relatively shallow depth. SK10-12 intersected the B Zone over 100 metres down-dip from historic workings, whereas SK10-13 intersected the East Zone more than 100 metres down-dip from historic stoping.

The drilling results to date indicate that the gold-mineralized structures are continuous over significant distances, both along strike and down-dip. The presence of higher gold grades may be indicative of localized "chutes". Additional drilling will be required to further test the multiple targets and chutes identified to date.

Tom Larsen, President and CEO of Eloro stated, "Assay results from 3 of the 6 holes assayed to date yielded three important intersections in three separate zones at relatively shallow depths between 150 m and 275 m, but below the known historic underground workings. Each of the intersections offers a significant opportunity to develop additional resources for the project and we look forward to further favourable results from the remaining holes."





The Simkar Gold Project





The Property hosts a thick sequence of east-west trending, near vertical dipping rhyolites, pyroclastics and quartz-feldspar porphyry dykes and sills closely associated with the lode gold vein mineralization and the Louvicourt-type volcanogenic massive sulphide (or "VMS") mineralization.





The higher gold grade vein mineralization is similar to the 9 million ounce Sigma-Lamaque Gold Deposit in Val-d'Or. The historic production of 30,500 ounces of gold (1946-1949) came from extensive underground workings along the A, B and C Zones. From 1987 to 1993, surface exploration and underground development work successfully outlined additional gold mineralization in the immediate extensions of the previously mined zones, as well as defining new gold resources in three new gold bearing structures, the East, F, and Pillar Zones. Subsequently, the existing underground workings were dewatered and new underground development was completed to access the East Zone. This underground development work led to the extraction of 20,000 ounces of gold.





Megastar acquired all rights, titles and interests of the Project in 1996. Since then, Megastar completed ground geophysics; surface diamond drilling, and integrated the former Simkar Gold Mine underground workings into a 3-D mine model. This work led to two National Instrument ("NI") 43-101 compliant technical reports, one in 2004 and a second in 2008 (available on SEDAR at www.sedar.com under Megastar Development Corp). The 2008 technical report outlines Mineral Resource estimates of 1,482,000 tonnes grading 3.01 g/t gold containing 143,160 ounces of gold to vertical depth of -200 m.





Eloro and Megastar are in the first year of an Option and Joint Venture Agreement that provides Eloro with the option to earn a 50% interest in Simkar by completing $4 million in exploration work, paying Megastar $350,000 and issuing 4.5 million shares of Eloro to Megastar over 3 years.





QA/QC Procedures





The Company has implemented QA/QC procedures to ensure best practices in sampling and analysis of the core samples. The NQ drill core is logged and then split in half with one-half sent for assay. Duplicates, standards and blanks are inserted randomly into the sample stream. The samples are delivered, in secure tagged bags, directly to the ALS Laboratory Group facility in Val-d'Or (Quebec) for analysis. Samples with visible gold are analyzed by the Total Metallic Sieve method, whereas the remaining samples undergo more conventional Fire Assays. For the reported intersections, total metallic screen check-assays were completed on the coarse crushed reject for all samples reporting greater than 10 g/t gold from the initial fire assay. Other samples within the intersection are re-submitted for check fire-assay using the original pulps. The final reported gold grade for a sample is either the Total Metallic Sieve assay result or it is the average of the two fire assays.





About Eloro Resources Ltd.





Eloro is a junior exploration company focused on discovering and developing base and precious metals in both the Val-d'Or and Timmins mining camps of Quebec and northern Ontario, and precious and base metal quality resources in the James Bay region of northern Quebec. In the James Bay (Quebec) region, Eloro has 11 gold-copper-silver properties (1,062 claims) covering 548 km2 in the La Grande and Eastmain Greenstone Belts, proximal to Goldcorp's Eleonore Gold Project. Eloro also has an option to earn a 50% interest in 31 claims held by Virginia Mines Inc. In Timmins (Ontario), the Company holds both the prospective Hurdman Zinc Silver Property, and the 30 km2 McArthur Lake Nickel Property under option to Fletcher Nickel Inc.





The technical information contained in this news release was prepared and approved by Martin Bourgoin, P. Geo., Executive VP of Eloro, and John Langton, P. Geo, VP Exploration of Eloro and Project Manager of the Simkar Gold Project. Both individuals are Qualified Persons as defined by National Instrument 43-101.





Statements made in this news release that are not historical facts are "forward-looking statements", and readers are cautioned that any such statements are not guarantees of future performance, and that actual developments or results, may vary materially from those in these "forward-looking" statements.







FOR FURTHER INFORMATION PLEASE CONTACT:



Eloro Resources Ltd.

Thomas G. Larsen

President and CEO

(416) 866-2600









or



Eloro Resources Ltd.

Jorge Estepa

Vice-President

(416) 866-2600













Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

THE PAINTED PIGS THURSDAY MORNING THUMPERS

THE PIGS NOSE SMELLED A TRADE ON MONDAY NIGHT. CZS.V.....JUST CAME OUT WITH SOME NEWS AT 2300 HRS WEDNESDAY NIGHT. THE SYSTEM IS WORKING.......WATCH FOR A MOVE OVER THE NEXT FEW DAYS AND WEEKS AS DRILLS START AND RUMOURS RAMP UP. REMEMBER HAVE PATIENCE, DON'T GET GREEDY ! AND MAKE PROFIT ! TAKE SOME OFF THE TABLE !! THE PIG POSTS THE CZS NEWS BELOW AND TONIGHTS PICKS BELOW THE RELEASE.

ON WITH THE SHOW.....



Diamond Drill Program Begins at Prospect Valley Property


22:01 EST Wednesday, Mar 24, 2010
(via Thenewswire.ca)
Consolidated Spire Ventures Ltd. ("Spire") (TSX.V: CZS) is pleased to announce that the Project Operator has begun the diamond drill program on the South Discovery Zone of the Prospect Valley Gold Property in Merritt, BC.

 The 2010 Phase I drill program will consist of approximately 1,500m in 12 - 14 holes designed to test the continuity of gold mineralization intersected in the South Discovery Zone in 2006 and 2007. Those programs included drill intercepts such as 50.6m of 1.36g/t gold in DDH 2006-21, 66.8m of 0.90g/t gold in DDH 2007-02 and 96.5m of 0.74g/t gold in DDH 2007-05. The diamond drill program will include fill-in holes, at a spacing of approximately 50m, drilled along a strike length of 500m where soil geochemistry and Induced Polarization (IP) chargeability anomalies appear to correlate well with gold mineralization in bedrock.

 A new area in the South Discovery Zone will be tested, following up on results of the November and December 2009 infill soil grid. The recent soil sampling over this zone returned assays of up to 1.2g/t gold. The area has a strong geochemical/geophysical anomaly that is separate from, but parallel to, the main trend. A map showing the proposed South Discovery Zone drill targets can be found on the Company website at http://www.spireventures.com/docs/uploads/File/maps/Phase1ProposedDrilling.pdf.

 Recent warm weather is providing an excellent source of water from melting snow and all drill sites are road accessible. The drilling has been contracted to SCS Diamond Drilling of Kamloops, BC. The South Discovery Zone is part of a geochemical and geophysical anomaly extending nearly 2km in total strike length and up to 400m wide. Should the new drill program indicate sufficient continuity of grade, the results will be used to estimate an initial NI 43-101 compliant resource for the South Discovery Zone.

Brian Buchanan, president of Spire stated "We are very pleased that the anticipated Phase 1 diamond drill program has commenced, and that it's starting several months ahead of schedule. This is the most important project in regards to CZS's growth, and the fact that we are 100% carried on this prospect is the key. In order to earn its interest, our partner must spend $6 million on the Prospect Valley Gold Project, which provides CZS tremendous upside potential without having to spend on exploration. Management is very optimistic about what the exploration and drilling programs will provide."

 The Prospect Valley Gold Project contains several bulk tonnage gold targets and is only 30km south of the world class Highland Valley Copper Mine. In this complex geological environment, the property has the potential to host a significant gold mineralizing system and is viewed as a low grade, bulk mineable epithermal gold target. Altair Ventures Inc. is the Project Operator.





Consolidated Spire Ventures Ltd.


WEBSITE: http://www.spireventures.com/

 ON BEHALF OF THE BOARD,

 Brian Buchanan






President and Director



This Company Press Release contains certain "forward-looking" statements and information relating to the Company that are based on the beliefs of the Company's management as well as assumptions made by and information currently available to the Company's management. Such statements reflect the current risks, uncertainties and assumptions related to certain factors including, without limitations, competitive factors, general economic conditions, customer relations, relationships with vendors and strategic partners, the interest rate environment, governmental regulation and supervision, seasonality, technological change, changes in industry practices, and one-time events. Should any one or more of these risks or uncertainties materialize, or should any underlying assumptions prove incorrect, actual results may vary materially from those described herein.

THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS

SAH.V...THE PIGS HIGH SCAN OF THE NIGHT AND ONCE AGAIN NUMBERS AND NETWORKING DON'T JIVE.....BUT MAYBE THEY SHOULD ? LOOKS LIKE A PRE-MERGER DEAL OF SOME KIND AND SOME SURPRISE ALONG WITH IT. BIG NUMBERS POSTED ON THE SCAN TONIGHT, WITH A DRAMATIC INCREASE IN NET CAPITAL INFLOW AFTER AN EXTENDED PERIOD OF ACCUMULATION FROM THE BEGINNING OF THE MONTH. THE PIG SAYS THIS ONS AN ODD DUCK BUT THE NUMBERS RATE IT HIGH SO YOU MAKE UP YOUR MINDS.

NER.V...SECOND HIGH SCANNER OF THE NIGHT, AND NO REAL STORY ATTACHED. BUT WITH THE NUMBERS PRODUCED AND THE CHART ASSESSMENT "and" THE 52 WEEK BEING A DOUBLE AWAY....ALONG WITH A FEW .10C OPTIONS TO MANAGEMENT.........THIS COULD BREAK UPSIDE WITH ANY KIND OF DEFINITIVE NEWS.

TNM.V...DRILLING NOT FAR AWAY. THIRD HIGH SCANNER OF THE NIGHT, VERY CLOSE TO SECOND THOUGH. CAUTION FIRST, ITS DOUBLED IN LESS THAN 5 DAYS AND MAY SOFTEN, WHICH WOULD GIVE AN IN. HOWEVER, WITH ANY KIND OF SUBSTANTIVE RELEASE (LIKE DRILING HAS STARTED) COULD BUMP IT ANOTHER DOUBLE OR THEREABOUTS. USE CAUTION, BUT UNDERSTAND THESE KIND OF RELEASES SOMETIMES COME IN TANDEM, SO A DRILLING ANNOUNCEMENT COULD MATERIALIZE AT ANY TIME.

VAL.V...LOOKS LIKE A CANDLE IN THE WIND. SCANNED WELL IN A FEW AREAS TONIGHT BUT THE PIG SAYS PUT IT ON YOUR WATCH LIST. WE MAY HAVE MISSED THE SHORT TERM BOAT. LETS SEE OF IT SOFTENS.

Greystar Resources Announces Drill Results from Mongora Prospect

03:00 EST Thursday, Mar 25, 2010


VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 25, 2010) - Greystar Resources Ltd. (the "Company") (TSX:GSL)(AIM:GSL) is pleased to announce additional drill results from the Mongora prospect located immediately to the south of the Angostura gold-silver deposit in the California mining district, Colombia.


Mongora is similar to Angostura, hosting higher-grade gold mineralization within broader zones of lower-grade gold mineralization. While the drill program at Mongora is focused on the delineation of open pit oxide gold mineralization, drill results have identified promising sulphide mineralization as well. Drilling at Mongora has the potential to outline a new oxide resource that could be added to the 2.26 million ounce oxide resource (measured and indicated) already defined at Angostura. To date 8,670 metres have been drilled in 26 holes at Mongora (see attached plan map and cross sections or visit greystarresources.com). Preliminary metallurgical evaluations are underway. Mongora remains open in all directions as well as to depth.










---------------------------------------------------------------------------


Interval


Hole From (m) To (m) (m)(i) Gold (g/t) Silver (g/t)


---------------------------------------------------------------------------


MO09-14 159 174.55 15.55 2.15 2.0


---------------------------------------------------------------


253.75 255.85 2.1 11.25 13.0


---------------------------------------------------------------


315 317.5 2.5 11.4 4.6


---------------------------------------------------------------


324.9 332.9 8.0 1.38 0.5


---------------------------------------------------------------------------


MO09-15 94.9 110.3 15.4 0.53 1.1


---------------------------------------------------------------


149.75 154 4.25 1.53 4.2


---------------------------------------------------------------------------


MO09-16 33.5 36.8 3.3 24.3 2.5


---------------------------------------------------------------


117.4 130.9 13.5 1.09 2.0


---------------------------------------------------------------


352 359 7.0 1.12 1.5


---------------------------------------------------------------------------


MO09-17 26.1 36.1 10.0 1.01 2.3


---------------------------------------------------------------


43 56.1 13.1 0.63 1.2


---------------------------------------------------------------


109.9 116 6.1 2.09 7.3


---------------------------------------------------------------


191 214 23.0 0.87 2.9


---------------------------------------------------------------


223.5 246 22.5 0.80 2.7


---------------------------------------------------------------


257 269 12.0 0.57 1.3


---------------------------------------------------------------------------


MO09-18 87 94.3 7.3 2.16 7.5


---------------------------------------------------------------


104 128 24.0 0.73 1.7


---------------------------------------------------------------


180 191.05 11.05 2.81 6.0


---------------------------------------------------------------


378.2 392.3 14.1 0.86 1.2


---------------------------------------------------------------------------


MO09-19 145 171.7 26.7 0.67 1.7


---------------------------------------------------------------


182 202.6 20.6 1.11 3.7


---------------------------------------------------------------


216 230.15 14.15 0.64 0.9


---------------------------------------------------------------


314.5 332 17.5 0.75 1.1


---------------------------------------------------------------------------


MO10-01 43.45 45.05 1.6 2.57 12.0


---------------------------------------------------------------


314.5 319.55 5.05 1.01 2.3


---------------------------------------------------------------------------


MO10-02 193 204.5 11.5 0.56 1.0


---------------------------------------------------------------


210 231.1 21.1 0.82 2.4


---------------------------------------------------------------


250.95 259 8.05 1.26 5.3


---------------------------------------------------------------


276 290 14.0 0.84 6.9


---------------------------------------------------------------


329.7 332.05 2.35 13.0 5.3


---------------------------------------------------------------------------


Note: (i) Down hole width, not corrected but based on drill holes and structural dip of the mineralization, the interval is considered to be close to true width.


Immediately to the west of Mongora, the Violetal area covers another strong gold-in-soil anomaly. In total, the Mongora-Violetal exploration area covers approximately 340 hectares. For 2010, a total of 12,000 metres of drilling is planned for the Mongora-Violetal area. Two drill rigs are currently dedicated to the exploration program. Additional drill results will be published upon receipt and interpretation of assay results.






The above information has been reviewed and approved by Mr. Frederick Felder, P.Geo., a "qualified person" as that term is defined in National Instrument 43-101 and Guidance Note for Mining, Oil and Gas Companies issued by the London Stock Exchange in respect of AIM companies, which outline standards of disclosure for mineral projects. Mr. Felder is a geologist with more than 40 years of industry experience and a member in good standing with the Association of Professional Engineers and Geoscientists of British Columbia.






About Greystar Resources Ltd.






Greystar Resources Ltd. is a precious metals exploration and development company that is currently completing a feasibility study on its wholly owned, multi-million ounce Angostura gold-silver deposit in northeastern Colombia. A positive prefeasibility study announced on March 25, 2009 envisions average annual production at Angostura of 511,000 ounces of gold and 2.3 million ounces of silver over a 15 year mine life.






To view the maps accompanying this press release please visit the following link: http://media3.marketwire.com/docs/GSLMaps325.pdf






Forward-Looking Statements






Certain statements in this news release are "forward-looking" within the meaning of Canadian securities legislation. They include statements regarding mineral exploration and drilling programs. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social uncertainties and other contingencies. Many factors could cause the Company's actual results to differ materially from those expressed or implied in the forward-looking statements. These factors include, among others, conclusions or realization of mineral resources, the actual results of exploration activities, possible variations in ore grade or recovery rates, fluctuations in the price of gold and silver, risks relating to additional funding requirements, political and foreign risks, production risks, environmental regulation and liability, government regulation as well as other risk factors set out under the heading "Risk Factors" in the Company's final short form prospectus dated September 22, 2009 which is available on SEDAR at www.sedar.com. Investors are cautioned not to put undue reliance on forward-looking statements due to the inherent uncertainty therein.






FOR FURTHER INFORMATION PLEASE CONTACT:






Greystar Resources Ltd.


Geoff Chater


Vice President


(604) 614-7830






info@greystarresources.com


www.greystarresources.com




Stream Oil & Gas delivers 110 bopd from a single well - a net field production increase of 35%



00:31 EST Thursday, Mar 25, 2010

 VANCOUVER, March 24 /CNW/ - Stream Oil & Gas Ltd. (TSX-V: SKO) (the "Company") is pleased to announce a further production increase, following a further successful well re-completion, in line with its development strategy. The Company's first mid-depth workover on the Cakran-Mollaj field delivered an oil production increase of 110 bopd (single well), representing an average well improvement exceeding 500%, compared to baseline production of 15 bopd/well. A second mid-depth recompletion in this field is underway with positive results expected before March end.


As a result of this initial workover the Company's daily gross crude oil production has increased to 793 bopd, up from 683 bopd. Net production to the Company increased to 420 bopd, up from 310 bopd, a 35% increase and a second substantial production increase for the Company in less than a month. These figures do not include Company's typical gas production of 690 MCFD and 47 bbl/MMCF NGLs. Subsequent to the Company's recently announced complete takeover of the Cakran-Mollaj field (25 currently producing wells and additional 37 non producing wells also being considered for re-activation) and these positive workover results, the Company is planning to accelerate its 2010/2011 workover programs. The Company is also preparing to perform full-depth workovers which based on our experience to date are forecast to yield a further production increases.

Dr. Sotirios Kapotas, Stream's CEO said: "Stream continues to prove the resource potential of its assets and our ability to deliver results, further substantiating Stream's ambitious growth plans."


About Stream Oil & Gas Ltd.


Stream Oil & Gas Ltd. is a Canadian-based emerging oil and gas production, development and exploration company focused on the re-activation and re-development of three oil fields and a gas/condensate field in Albania. The Company's strategy is to use proven technology, incremental and enhanced oil recovery techniques to significantly increase production and reserves.




Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.






For further information: Dr. Sotirios Kapotas, President & Chief Executive Officer, P: (403) 270-8203; Danny Davis, Chief Financial Officer, P: (403) 270-8203; Email info@streamoilandgas.com, Website: www.streamoilandgas.com