SO THE PIGS HAD QUITE A WEEK......MORE CONSTRUCTION...ANOTHER RIPPED OUT UTILITY LINE, THUNDERSTORMS, FLOODING, POWER SURGES..NEW CONTROL BOARD FOR THE COMPUTER, IF IT CAN HAPPEN...ITS HAPPENED........WHATS NEXT A TIDAL WAVE ?
SO LAST WE LEFT OFF THE PIG WAS AWAITING A CALL FROM A CONTACT IN TORONTO REGARDING SOME SITUATIONS HE (AND YOU) WERE FOLLOWING. THE SUMMARY IS AS FOLLOWS........
AAA.V...CONTINUE HOLDING AND TO ACCUMULATE MORE ON THE DIPS IF YOU CAN. REASONING BEING A VERY INTERESTED MAJOR WATCHES DAILY AS TO THEIR PROGRESS.
FAU.V....BUILDING TOWARDS THE FALL 43-101 THIS COULD BE THE PLAY OF THE YEAR IN ALASKA (OR ANYWHERE ELSE FOR THAT MATTER). EYES ARE ON THEM AS WELL.\
MTB.V...ANOTHER GOOD PLAY TO HOLD INTO THE FALL....EXPECTING GREAT THINGS..
AMZ.V..A MUST HAVE, THE STREET IN OLD "T-O" EXPECTS MULTIPLE DOLLARS.
CTN.V....GREAT WAY TO PLAY THE ASIAN THEATER FOR GOLD EXPLORATION. APPARENTLY INSIDE SCUTTLEBUTT IS THAT THEY HAVE THE GOODS....AND AT GOOD GRADES....
SPECIAL MENTION FOR THE LONGER TERM (I ASKED HIM SPECIFICALLY) YUKON PLAYS. HE HAD SOME RECOMMENDATIONS BUT STILL EARLY, MORE ON THOSE LATER. USE THE TIME TO GTE UP TO SPEED ON THE AREAS OF INTEREST. I ALSO ASKED HIM ABOUT MY FLOGGING OF THE OTC PLAY FNDM, AND ASKED HIM TO TAKE A SERIOUS LOOK. HE WAS UNDERSTANDABLY RETICENT TO COMMENT BUT MAINLY TO DO WITH HIS LACK OF THAT MARKETS EXPERIENCES. HE DID HAVE A LOOK AND IN A QUICK DUE DILIGENCE FOUND THAT THE PRECIPITOUS DROP FROM$2.75 TO .10 IN A YEAR WAS FOR NO APPARENT REASON, BAD NEWS OR OTHERWISE. HIS RATIONALE WAS THAT IT "COULD" COME BACK QUICKLY WITH SOME LEGITIMATE NEWS AND VOLUME WITHIN A THIN MARKET DEPTH.
SO APOLOGIES YOU ALL.....ITS BEEN A WRITE OFF WEEK.....SCANS UP NEXT AND THE USUAL ASSORTMENT OF SLOP THE PIG LIKES TO OFFER TO ALL THE READERS...THANKS FOR YOUR PATIENCE.......
A PREVIOUS PIG PICK.....
Petro Horizon name change to Greenlight Resources
2010-08-12 15:16 MT - Change NameAlso Change Name (C-GR) Greenlight Resources Inc
Pursuant to a resolution passed by Petro Horizon Energy Corp.'s board on April 30, 2010, the company has changed its name as follows. There is no consolidation of capital.
Effective at the opening Friday, Aug. 13, 2010, the common shares of Greenlight Resources Inc. will commence trading on the TSX Venture Exchange, and the common shares of Petro Horizon Energy Corp. will be delisted. The company is classified as an oil and gas company.
Capitalization: unlimited shares with no par value of which 14,373,062 shares are issued and outstanding
Escrow: nil
Transfer agent: Computershare Trust Company of Canada
Old symbol: PHE
New symbol: GR
New Cusip No.: 39536T 10 7
PRM.V...A PREVIOUS PIG PICK FROM MAY THAT DID NOTHING AND THE INVESTORS GOT IMPATIENT AND SOLD IT OFF. IT APPEARS FROM THE SCANS TONIGHT THAT THERE'S A LARGE SENTIMENT REVERSAL IN MOTION HERE. THE SCANNER PEGGED IT HIGH IN 8 OF 10 AREAS AND THE MARKET SEEMS TO HAVE A RENEWED INTEREST IN IT.....NICE LITTLE SPEC TO BUY AND HOLD ONCE AGAIN...
SGZ.V..VOLATILITY IS THY NAME....SECOND BIG SCANNER ON THE EVENING WITH AN APPARENT REJUVENATION IN THE WORKS....LONG PERIOD OF ACCUMULATION PERKS THE PIGS RADAR......SAYS MORE UPSIDE AVAILABLE AND YOU THE DRILL.....LIQUIDITY AND PATIENCE....CONSIDERED...
KSM.V...THE PIG PERKS UP IN THESE CASES.....LOW VOLUME...LOWER FLOAT...AND BIG SPIKE..NUMBERS OFF THE CHARTS IN THIS SCAN....STILL UPSIDE LEFT THE SCANNER SAYS AND THE PIG AGREES...NICE ACCUMULATION SPIKE AND THINGS ARE LOOKING ROSY...ANOTHER NICE SPEC PLAY...
http://www.howestreet.com/articles/index.php?article_id=14246
CANADA STOCKS-TSX falls on global outlook fears, RIM worry
* TSX ends down 0.51 percent at 11,523.60* Five of 10 sectors lower
* Golds up 2.26 percent
* RIM falls 4 percent (Updates with official close, comment, further detail)
By Claire Sibonney and Pav Jordan
TORONTO, Aug 12 (Reuters) - Toronto's main stock index had its weakest close in three weeks on Thursday, led by banks and insurers, as deepening apprehension over the outlook for the global economic recovery hit prices.
The Toronto Stock Exchange's S&P/TSX composite index .GSPTSE closed down 58.61 points, or 0.51 percent, at 11,523.60. That followed a 2.2 percent retreat on Wednesday.
The decline was led by economically sensitive financial shares, as growing fears the global economy could slip back into recession hit investor sentiment.
"People are nervous about a double dip here and how that affects of course the banks," said John Kinsey, a portfolio manager at Caldwell Securities.
The financial sector fell 1.56 percent. Big decliners included Bank of Montreal (BMO.TO: Quote, Profile, Research, Stock Buzz), which dropped 2.4 percent to C$59.11, and No. 1 Canadian insurer Manulife Financial (MFC.TO: Quote, Profile, Research, Stock Buzz), down 4.62 percent at C$12.79 per share.
"When interest rates get extremely low as they are now, brokerage firms and insurance companies have a difficult time making money because their entire business model is dependent on interest rates," said Aaron Fennell, senior market strategist at Lind-Waldock Canada.
"If they keep interest rates very low for a very long period of time then insurance companies can't generate the returns they need to make good on their insurance payouts."
Stock in Sun Life Financial (SLF.TO: Quote, Profile, Research, Stock Buzz), the nation's third-largest insurer, retreated 1.66 percent to C$26.10.
RIM AND ENERGY FALL
As the price of oil fell towards $75 a barrel after data showing U.S. jobless claims unexpectedly rose to the highest level in nearly six months, the index's powerhouse energy sector also fell, giving up 1.55 percent. [ID:nN11227633] [O/R]
Canadian Natural Resources (CNQ.TO: Quote, Profile, Research, Stock Buzz) fell 2.4 percent to C$33.89 and fellow oil company Suncor Energy (SU.TO: Quote, Profile, Research, Stock Buzz) was down 1.2 percent at C$32.94, despite its announcement of a deal with Direct Energy to sell natural gas assets for about C$375 million. [ID:nSGE67B08I]
"Energy is down a lot today because people are still worrying about a slowdown in global growth, led by worries about a slowdown in the U.S," said Kate Warne, Canadian market strategist at Edward Jones, adding there was not much new to feed the negative sentiment.
"The market is likely to flip back and forth with this emotional reaction to almost every individual indicator, while the trend is likely to be positive but likely quite slow."
Also weighing heavily on the market was a new wave of worry about Research In Motion's (RIM.TO: Quote, Profile, Research, Stock Buzz) and the future of its BlackBerry business in India.
RIM (RIM.TO: Quote, Profile, Research, Stock Buzz) shares lost 3.98 percent to C$56.44 after a senior Indian government source said the popular BlackBerry email and messenger services will be shut down if the company does not address security concerns by Aug. 31. [ID:nSGE67B09R]
GOLDS SPARKLE
"It has been a tough day, obviously not as bad as yesterday, but I guess the only bright spot in the market was the golds," said Kinsey.
Gold miners rallied more than 2.2 percent as the price of the safe-haven metal had its biggest one-day rally in 2 months. [GOL/]
Barrick Gold Corp (ABX.TO: Quote, Profile, Research, Stock Buzz), the world's largest gold miner, was up 1.74 percent to C$45.06 per share, and Goldcorp Inc (G.TO: Quote, Profile, Research, Stock Buzz) rallied 2.56 percent to C$42.
Tim Hortons Inc (THI.TO: Quote, Profile, Research, Stock Buzz), Canada's largest restaurant chain, shot up 6.18 percent to C$37.63 after posting a 21 percent rise in net income. [ID:nN11243667]
($1=$1.05 Canadian) (Editing by Jeffrey Hodgson)
http://steadystate.org/
FROM STOCKHOUSE ON FNDM......
A lot has been written on this board in the last two weeks or so. Theres been great comment, some great thought processing, a bit of healthy debate and even the expected negativity. I want to say to you that this stock has become a large holding for me. Not because I think that tomorrow or the next day I might make a decent return of say...50% or something like that. No, not that. As a sidebar this is one of the first OTC stocks I have been involved with and that's mainly due to the slop show that is that exchange. What is it then ? We should all look within ourselves as investors, traders and speculators as to why we do this game. Is it excitement, is it greed, is it just to have fun antagonizing people ? Everyone is different here and maybe a bit of all of it is within us. For me its part art of the deal, part excitement, part profit and most of all...victory. After exhaustive questioning, research, due diligence, fear, emotion, real belief, and finally some answers to puzzle and then satisfaction in knowing your hunch was correct. For me its not the percent return, its honing the senses and skills required "outside of the normal box" to succeed in this business. So here I am, knowing what I know and thinking whats between the lines will become headlines to us all. Here I am, deciphering the grand puzzle, matching up pairs and equating symbols to come up with this very large series of answers. The right answers, to me. Which may be all right for me and my curiosities but not for others.
So not to say this is a type of "pump" or that its a precursor to the "dump" which those devoid of original thought spout at will. But more so to state that I am happy where "I" am, I can wait this out (with the management at my side) to later on see it rise to much higher levels ! Today, tomorrow, next week....no matter....its coming and coming with ferociousness...so I can wait.....you have the freedom to do the same or sell when the moment strikes you.....your choice, your decision.......Just remember, to avoid making this into one of those stories we tell our grand kids about how "I missed the big one".....make sure you have done what I have first...then make your choice.....you will sleep better for it......Good luck to all of us !
BREAKFAST DEALS: Rio's potash push
Madeleine Heffernan
Published 7:20 AM, 13 Aug 2010
Send your tips to deals@businessspectator.com.au and don’t forget to watch Deals TV for new rumours and reports later on this morning. Plus, you can follow us at www.twitter.com/WheelsDeals
Rio Tinto is said to be talking to one of Russia's richest men about his potash business. Elsewhere, the Canadians finally look destined to snare an Australian toll road business with Intoll and Sigma denies receiving a sweetener from Aspen.
Rio Tinto
Potash is rumoured to be on the mind of Rio Tinto, with the mining giant said to be among those taking a look at the $US10-billion Russian potash miner Uralkali. Sources have told Reuters that Rio and Potash Corp are among those taking an early interest in Uralkali, which is controlled by Suleiman Kerimov, one of Russia’s richest men. Still, while some have tipped greater consolidation and foreign investment in Russia’s potash industry, others suggest foreign entities might receive the cold shoulder from the Kremlin, the newswire reports. The dual-listed Rio, which has confirmed plans to proceed with the first tranche of a share buyback, declined to comment.
Intoll, Canada Pension Plan Investment Board
The Canucks will likely snap up an Australian toll road investor after all, with one-time Transurban suitor Canada Pension Plan Investment Board now expected to have its $3.5 billion takeover of Intoll Group well underway by the month’s end. Intoll, the ‘good’ parts of Macquarie Infrastructure Group which now counts the silver donut, Lazard and the Abu Dhabi Investment Authority as significant shareholders, told the market yesterday that the data room is now closed and it expects a conclusion by August 27. While there have been calls for a sweetener to bring the offer in line with the target’s net tangible assets and capitalise on CPPIB’s logical desire for Intoll (it holds 30 per cent of the highly prized 407 ETR toll road in Canada), others point to Intoll’s weak trading price before the interest was revealed and investor scepticism that a rival bid will emerge, as evidenced by continued weakness in the share price. CPPIB chief David Denison, meanwhile, is quoted by Bloomberg as saying the fund is “continuing to work very cooperatively with the company, and making very good progress.” It is being advised by Goldman Sachs; Intoll by UBS.
Sigma Pharmaceuticals
While Sigma Pharmaceuticals has denied the existence of a sweetened offer from South Africa’s Aspen Pharmacare Holdings, rumours persist one might yet emerge, with The Age putting the increased bid at 65 cents per share. According to the paper, Aspen is understood to desire a swift resolution to talks, having originally offered 60-cent-per-share for the troubled drug distributor three months ago, only to lower the price to 55 cents. So with talks continuing for either asset sales or the company proper, The Australian Financial Review reports that the Lazard-advised company has had some nibbles for its Orphan drugs business and is still interested in selling Herron.
Photon
A whopping 1.5 billion new shares will be offered in the upcoming Photon capital raising, reports The Australian. The marketing and communications services company, which this week announced the departure of co-founder and director Tim Hughes, has called on UBS and Macquarie for a 7-for-2 rights issue to raise a minimum of $62.5 million, and a $40 million conditional placement, says the paper.
Wrapping up
Sydney airport owner MAp Group has sold the last of its non-core investments, albeit at a loss. MAp, formerly Macquarie Airports, is set to sell its 16-per-cent holding in a Mexican private airport operator $US207 million. Meanwhile, consumer and industrial products supplier GUD Holdings says its 80-cents-per-share offer for Dexion is now conditional, having acquired 75 per cent of the storage products maker. And finally, the AFR reports on talk that the prospectus for the QR National float could be on its way in September, despite a $5 billion-plus indicative offer from a consortium of Queensland coal miners.
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