Sunday, August 8, 2010
THE PAINTED PIGS WEEKEND WANDERINGS
WANDERING IS RIGHT ! FOLLOWING UP ON SOME STORIES LIKE AAA.V AND THE LIKE TO GET MORE MEAT TO THE MATTER. AT PRESS TIME I AM STILL WAITING TO HEAR FROM A COUPLE OF CONTACTS OF MINE. THE PIG WILL RESERVE COMMENT TILL THEN AND POST IT WHEN HE GETS IT. TONS OF STUFF GOING ON BEHIND THE SCENES. CHECK BACK FOR AN UPDATE POSSIBLY LATER TONIGHT OR EARLY IN THE MORNING.
Friday, August 6, 2010
WOF.V -ALERT
WOF-X Volume exceeds 50-day average volume.
9:39 AM 6/08/2010
Some data delayed up to 20 minutes
WOF-X
Last Price: $0.10
Volume: 1,213,162
50-day average volume: 399,854
Thursday, August 5, 2010
THE PAINTED PIGS NOON TIME READING
THE PIGS BEEN RECEIVING SOME GOOD INTEL ON AMZ.V.....THE PIG SAYS, AFTER SOME HARD CORE DD...IT WAS A "NO BRAINER".....THE PIG WANTS YOU TO TAKE A LOOK AT IT......AND MAKE YOUR OWN MIND UP.....SOME OF WHAT I HAVE COLLECTED IS BELOW.........THE PIG HAS SOME IN THE $1.80 RANGE...NOT MUCH THOUGH AND HE WOULD LIKE TO GET MORE ON THE NEXT FEW DIPS.....
EXCELLENT FORUM AND COLLECTION OF INFO HERE !!!!!!!.....
http://siliconinvestor.advfn.com/subject.aspx?subjectid=57907
FROM STOCKHOUSE..........
15 billion tons x 10% potash = 1.5 billion tons potash
Brazil pays $400 too $600 per ton for potash
So amz Value is 600 billion too 900 billion dollars
Yes the numbers are so huge its UNREAL
API owned 25% of 425 mil tons in Sask and BHP bought out API at $8.35 per share
API had 38 mil shares OS
So had API owned 100% x the $8.35 by 4 = $33.40 at 435 mil tons
So Amz has 1.5 bil tons 30 mil shares OS tightly held that is very close too 100 dollars per share based on the BHP deal with Api
Fact is Brazil imports 90% of there Potash and grows 3 crops per year
AMZ deposit is more valuable than API deal was
AMZ has a 1000 years of Potash Deposit
The Big Mining Giant will buy this out sooner or later and pay a big Premium
Brazil pays $400 too $600 per ton for potash
So amz Value is 600 billion too 900 billion dollars
Yes the numbers are so huge its UNREAL
API owned 25% of 425 mil tons in Sask and BHP bought out API at $8.35 per share
API had 38 mil shares OS
So had API owned 100% x the $8.35 by 4 = $33.40 at 435 mil tons
So Amz has 1.5 bil tons 30 mil shares OS tightly held that is very close too 100 dollars per share based on the BHP deal with Api
Fact is Brazil imports 90% of there Potash and grows 3 crops per year
AMZ deposit is more valuable than API deal was
AMZ has a 1000 years of Potash Deposit
The Big Mining Giant will buy this out sooner or later and pay a big Premium
Amazon Mining Holding Company Inc has pulled back to a level where our open Good Absolute Spec Value Buy recommendation initiated on December 18, 2009 at $1.63 is once again applicable. Since our last Spec Value Hunter Comment (Jan 29, 2010) Amazon has reported 43-101 resource estimates at various cutoff grades for a small portion of its 100% owned Cerrado Verde project in Minas Gerais state of southern Brazil. At a cutoff grade of 5.0% K2O the Funchal Norte target has 148,590,000 tonnes of 9.09% K2O, dropping to 64,390,000 tonnes of 11.17% K2O at a 10% cutoff, which is in line with our earlier back-of-the-napkin estimates. To convert that grade into KCl equivalent, we divide by 0.6, which gives us a grade of 18.6% KCL, which when multiplied by a price of $400 per tonne of contained KCL works out to a rock value of $74.40 per tonne. The resource thus has an in situ value of $4.8 billion. This is a very small portion of the 15 billion tonne footprint of glauconite Amazon's consultant Coffey Mining has estimated for the Cerrado Verde project using satellite imaging technology. Amazon has been working on a preliminary economic assessment (PEA) which envisions annual production of 1,000,000 to 4,000,000 tonnes per year of a 10% K2O equivalent ThermoPotash. The Funchal Norte resource could thus be mined for 16 to 64 years. During the course of evaluating the drill results Amazon's geologists came to the realization that the higher grade massive glauconite correlated with the axes (hinges) of the fold system that hosts the glauconite mineralization. The theory is that enrichment took place along these axes during folding. There are numerous sweet spots similar to Funchal Norte within the 15 billion tonne glauconite footprint of the Cerrado Verde belt, some of them with better locations than others. Amazon now has a structural mapping tool to guide prospecting aimed at identifying similar sweet spots for confirmation drilling. Targeting activity is underway as a prelude for additional drilling later this year for those targets deemed ideal in location terms. While the Funchal Norte resource is adequate for the proposed production rate, the scale of this rate is of a proof of concept nature. Amazon's goal is to identify multiple sweet spots for future scaled up development, and select the best located one for definition drilling and the initial production scenario on which the upcoming PEA is based. While Amazon's near term goal is to establish itself as an "alternative potash" producer, the bigger picture goal is to help Brazil wean itself from its potash import dependency. Because achievement of both the short and long term goals will likely require a helping hand from the Brazilian government and the agriculture industry, documenting the existence of multiple glauconite sweet spots helps legitimize the security of supply goal.
THE COMPANY WEBSITE.....
http://www.amazonplc.com/
Wednesday, August 4, 2010
THE PAINTED PIGS THURSDAY MORNING THUMPERS
THE PIG GETS A TAD IRRITATED AT TECHNOLOGY. BUT ITS ALWAYS BEST TO JUST BREATHE IN AND RELAX AND EXHALE AND COLLAPSE. GETTING BENT AT THE SITUATION GETS THE PIG NO WHERE.
SOME NEWS OUT ON AAA.V A PIG LONG TERM HOLDING AND A FAVORITE. THE PIG IS HOLDING FOR A BUYOUT OFFER. WHICH WOULD BE IN THE MULTIPLE DOLLAR RANGE, MARKET FOR PHOSPHATE AND RESERVES DEPENDENT. FNDM.OTC HAD A DOWN DAY TODAY, THE PIG MADE A COUPLE OF CALLS TO RE-ENFORCE HIS THOUGHTS ON IT AND CAME AWAY SUITABLY IMPRESSED. SO HE WADED IN FOR A FEW MORE. ADB.V, AND WOF.V ARE TUCKED AWAY FOR FUTURE MOVEMENTS AND WILL BE ASSESSED AT THAT TIME. THE PIG PICKED UP A FEW SHARES THIS WEEK ON ENA.V AS WELL. .
THE PIG CAUGHT UP ON HIS FOLLOW UP "BUCKET" LIST OF SOME TIPS TODAY. SKO.V, MTB.V, AND THE NOX.V/TYP.V SITUATION IN PARTICULAR, AND SEVERAL OTHERS ALL RECEIVED SOME GOOD VOTES OF CONFIDENCE.
LOTS GOING ON SO...
A FORUM MESSAGE ON FNDM........
You know only one insider who got in at the beginning bailed out. He had10 million shares and started dumping on the market when he was audited by the IRS. The company has been working on a long strategic plan with BMY to manage ETF's for them. Now that the guy with 10million is out of shares suspect they will release financials and also announce the companies stock buy-back plan. A lot of investors bought in not long ago in a day that traded $2 a share and over 2 million shares were bought up. Insiders are now buying, not selling. This is a steal at this price its that simple.
Its not important that you believe me because I don't need you to buy this stock in order for me to make money. I know the company will be buying my shares. This is gonna be one of the best plays of the summer. Its an ETF management fund, investors buy and hold. You won't see a big sell-off. After news on revenue and new business you will see some that got in the last 5 trading days take some profit then I expect this to head over $1 and even hit $2 by the end of the year. I can't quote where I get my info for obvious reasons.
Its not important that you believe me because I don't need you to buy this stock in order for me to make money. I know the company will be buying my shares. This is gonna be one of the best plays of the summer. Its an ETF management fund, investors buy and hold. You won't see a big sell-off. After news on revenue and new business you will see some that got in the last 5 trading days take some profit then I expect this to head over $1 and even hit $2 by the end of the year. I can't quote where I get my info for obvious reasons.
OPW.V...BACK ON APRIL 15TH THE PIG PICKED OPW TO MOVE FROM THE .08C LEVEL. IT DID AND TOPPED OUT AT .24C. THE STOCK COMES UP AS ONE OF YOUR TOP THREE TONIGHT AND THE PIG THINKS ITS GOING TO DO ANOTHER CYCLE. ITS A BUY (SOMEONE IS AND JUST STARTED AT IT) AND THE PIG WILL BE PLACING AN ORDER THIS WEEK.
EAG.V...ANOTHER PREVIOUS PIG PICK AND SLOWLY ACCUMULATED PIGLET. A BIG SPIKE TODAY AND YET MORE UPSIDE ACCORDING TO THE PIG SCANNER. MAJOR MOMENTUM AND SENTIMENT NUMBERS AND NET CAPITAL INFLOWS TELL THE PIG, ITS GOING HIGHER.
LGR.V...BELIEVE ME OR BESIEGE ME ? ANOTHER SPIKER ON THE DAY AND OF COURSE HIGH SCANNER. THE PIG LIKES THE NUMBERS BUT NEEDS TO SEE MORE HISTORY ON THE VOLUME SIDE. LIQUIDITY IS A HALLMARK THE PIG SAYS, WITHOUT IT WERE FORKED. VOLUME SHOULD ALWAYS PRECEDE PRICE.
The following were taken from a successful fund manager. Not every rule applies to resource investing.
Rule 1: Investing can be fun and exciting, but costly if you don't do any homework.
Rule 2: Your investor's edge is not something you get from so called experts. It's something you already have. You can outperform the experts if you use your edge by investing in companies you already understand.
Rule 3: Over the past 3 decades, the stock market has come to be dominated by a herd of professional investors. Contrary to popular belief, this makes it easier for the amateur investor. You can beat the market by ignoring the herd.
Rule 4: Behind every stock is a company. Find out what it's doing.
Rule 5: Often, there is no correlation between the success of a company's operations and the success of its stock over a few months or even a few years. In the long term, there is a 100% correlation between the success of the company and the success of its stock. This disparity is the key to making money; it pays to be patient, and to own successful companies.
Rule 6: You have to know what you own, and why you own it. "This baby is a cinch to go up" doesn't count.
Rule 7: Long shots almost always miss the mark.
Rule 8: Owning stocks is like having children - don't get involved with more than you can handle. The part-time stock-picker probably has time to follow 8-12 companies, and to buy and sell shares as conditions warrant. There don't have to be more than 5 companies in the portfolio at any one time.
Rule 9: If you can't find any companies that you think are attractive, put your money in the bank until you discover some.
Rule 10: Never invest in a company without understanding its finances. The biggest losses in stocks come from companies with poor balance sheets (or cash, requiring raising funds via share dilution). Always look at the balance sheet to see if a company is solvent before you risk your money on it.
Rule 11: Avoid hot stocks in hot industries. Following the herd mentality doesn't last long term
Rule 12: With small companies, you are better off to wait until they turn a profit before you invest.
Rule 13: If you are thinking of investing in a troubled industry, buy the companies with staying power. Also, wait for the industry to show signs of revival. Buggy whips and radio tubes were troubled industries that never came back.
Rule 14: If you invest $1000 in a stock, all you can lose is $1000, but you stand to gain $10,000 or even $50,000 over time if you are patient. The average person can concentrate on a few good companies, while the fund manager is forced to diversify. By owning too many stocks, you lose this advantage of concentration. It only takes a handful of big winners to make a lifetime of investing worthwhile.
Rule 15: In every industry and every region of the country, the observant amateur can find great growth companies long before the professionals have discovered them.
Rule 16: A stock market decline is as routine as a January blizzard in Colorado. If you are prepared, it can't hurt you. A decline is a great opportunity to pick up the bargains left behind by investors who are fleeing the storm in panic.
Rule 17: Everyone has the brainpower to make money in stocks. Not everyone has the stomach. If you are susceptible to selling everything in a panic, you ought to avoid stocks and stock mutual funds altogether.
Rule 18: There is always something to worry about. Avoid weekend thinking and ignore the latest dire predictions of the newscasters. Sell a stock because the company's fundamentals deteriorate, not because the sky is falling.
Rule 19: Nobody can predict interest rates, the future direction of the economy, or the stock market, Dismiss all such forecasts and concentrate on what's actually happening to the companies in which you have invested.
Rule 20: If you study 10 companies, you will find 1 for which the story is better than expected. If you study 50, you'll find 5. There are always pleasant surprises to be found in the stock market - companies whose achievements are being overlooked by the "professionals".
Rule 21: If you don't study any companies, you have the same success buying stocks as you do in a poker game.
Rule 22: Time is on your side when you own shares of superior companies. You can afford to be patient. Time is against you when you own options.
Rule 23: If you have the stomach for stocks, but neither the time nor the inclination to do your homework, invest in equity mutual funds. Here, it's a good idea to diversify. You should own a few different kinds of funds, with managers who pursue different styles of investing: growth, value small companies, large companies etc. Investing the six of the same kind of fund is not diversification.
Rule 24: You can take advantage of the faster-growing economies by investing some portion of your assets in an overseas fund with a good record.
Rule 25: In the long run, a portfolio of well-chosen stocks will always outperform a portfolio of bonds or a money-market account. In the long run, a portfolio of poorly chosen stocks won't outperform the money left under the mattress.
These rules are simple and can be effective when applied accordingly
Rule 1: Investing can be fun and exciting, but costly if you don't do any homework.
Rule 2: Your investor's edge is not something you get from so called experts. It's something you already have. You can outperform the experts if you use your edge by investing in companies you already understand.
Rule 3: Over the past 3 decades, the stock market has come to be dominated by a herd of professional investors. Contrary to popular belief, this makes it easier for the amateur investor. You can beat the market by ignoring the herd.
Rule 4: Behind every stock is a company. Find out what it's doing.
Rule 5: Often, there is no correlation between the success of a company's operations and the success of its stock over a few months or even a few years. In the long term, there is a 100% correlation between the success of the company and the success of its stock. This disparity is the key to making money; it pays to be patient, and to own successful companies.
Rule 6: You have to know what you own, and why you own it. "This baby is a cinch to go up" doesn't count.
Rule 7: Long shots almost always miss the mark.
Rule 8: Owning stocks is like having children - don't get involved with more than you can handle. The part-time stock-picker probably has time to follow 8-12 companies, and to buy and sell shares as conditions warrant. There don't have to be more than 5 companies in the portfolio at any one time.
Rule 9: If you can't find any companies that you think are attractive, put your money in the bank until you discover some.
Rule 10: Never invest in a company without understanding its finances. The biggest losses in stocks come from companies with poor balance sheets (or cash, requiring raising funds via share dilution). Always look at the balance sheet to see if a company is solvent before you risk your money on it.
Rule 11: Avoid hot stocks in hot industries. Following the herd mentality doesn't last long term
Rule 12: With small companies, you are better off to wait until they turn a profit before you invest.
Rule 13: If you are thinking of investing in a troubled industry, buy the companies with staying power. Also, wait for the industry to show signs of revival. Buggy whips and radio tubes were troubled industries that never came back.
Rule 14: If you invest $1000 in a stock, all you can lose is $1000, but you stand to gain $10,000 or even $50,000 over time if you are patient. The average person can concentrate on a few good companies, while the fund manager is forced to diversify. By owning too many stocks, you lose this advantage of concentration. It only takes a handful of big winners to make a lifetime of investing worthwhile.
Rule 15: In every industry and every region of the country, the observant amateur can find great growth companies long before the professionals have discovered them.
Rule 16: A stock market decline is as routine as a January blizzard in Colorado. If you are prepared, it can't hurt you. A decline is a great opportunity to pick up the bargains left behind by investors who are fleeing the storm in panic.
Rule 17: Everyone has the brainpower to make money in stocks. Not everyone has the stomach. If you are susceptible to selling everything in a panic, you ought to avoid stocks and stock mutual funds altogether.
Rule 18: There is always something to worry about. Avoid weekend thinking and ignore the latest dire predictions of the newscasters. Sell a stock because the company's fundamentals deteriorate, not because the sky is falling.
Rule 19: Nobody can predict interest rates, the future direction of the economy, or the stock market, Dismiss all such forecasts and concentrate on what's actually happening to the companies in which you have invested.
Rule 20: If you study 10 companies, you will find 1 for which the story is better than expected. If you study 50, you'll find 5. There are always pleasant surprises to be found in the stock market - companies whose achievements are being overlooked by the "professionals".
Rule 21: If you don't study any companies, you have the same success buying stocks as you do in a poker game.
Rule 22: Time is on your side when you own shares of superior companies. You can afford to be patient. Time is against you when you own options.
Rule 23: If you have the stomach for stocks, but neither the time nor the inclination to do your homework, invest in equity mutual funds. Here, it's a good idea to diversify. You should own a few different kinds of funds, with managers who pursue different styles of investing: growth, value small companies, large companies etc. Investing the six of the same kind of fund is not diversification.
Rule 24: You can take advantage of the faster-growing economies by investing some portion of your assets in an overseas fund with a good record.
Rule 25: In the long run, a portfolio of well-chosen stocks will always outperform a portfolio of bonds or a money-market account. In the long run, a portfolio of poorly chosen stocks won't outperform the money left under the mattress.
These rules are simple and can be effective when applied accordingly
Sunday, August 1, 2010
THE PAINTED PIGS WEEKEND CHOICE CHOPPERINO'S JULY 31/2010
THE PIGS RECEIVED LOTS OF EMAIL THE LAST 48 HOURS ON A COUPLE OF PICKS HE HAS MADE THE LAST WEEK. NOW THE PIG IS RELUCTANT TO GET INTO "PUSHING" A BUY OR SELL DOWN ANYBODIES THROAT. THE PIG TRIES TO BE AS RESERVED, IMPARTIAL AND INDEPENDENT AS POSSIBLE. BUT A PIG CAN GET EXCITED, AND A PIG CAN GET A LITTLE PIG EYED ON OCCASION.
NEVERTHELESS, THE PIG TRIES TO TEMPER THOSE PIG LIKE EMOTIONS WITH HARD DATA, FACTS, SCANNING AND CHARTS. IF THE PIG SEES A GOOD BUY, HE LIKES TO TELL YOU ABOUT IT AND YOU MAKE THE DECISION, JUST THE SAME, IF ITS BROUGHT TO HIS ATTENTION BY A READER AND IT FITS THE BILL, HE PASSES IT ALONG AFTER DOING SOME CHECKING. THE PIG (AND HIS JUNIOR PIG) MAKE A BIG EFFORT TO VERIFY THINGS AND GIVE A GOOD GOING OVER BEFORE IT HITS THE BLOG.
WE ARE ALL IN THIS FOR THE SAME REASONS....TO MAKE MONEY...HAVE SOME FUN.....AND RETIRE EARLY...........OKAY JUST RETIRE THEN..........HAVE A GREAT LONG WEEKEND (IN CANADA) AND SEE YOU TUESDAY....
FNDM.OTC.....HAD A GREAT START TO FRIDAYS TRADING, HOWEVER THE LAST OF THE SHORTS PULLED THEIR SHORTING AT THE CLOSE ROUTINE TO COVER BEFORE NEXT WEEKS NEWS. AND PROMO CAMPAIGN START. SOME OF YOU SHREWD'S COULD HAVE HAD A FEW AT .085 AND BE IN FOR THE RUN. THE PIG DID SOME CHECKING AND IT LOOKS LIKE THE 1.658 MILLION SHARES THAT WERE SHORTED BELOW .50 ARE FINISHED. THIS FREES IT UP FOR A RUN AT THE TOP. THE PIG TALKED TO IR AGAIN FRIDAY AND HE RE-ITERATED THAT THE GOAL OF MANAGEMENTS WAS SHORT TERM $1 AND BY CHRISTMAS OVER $2. THE COMPANY SEEMS TO BE LOOKING AT A SENIOR BOARD LISTING AND IS CONCERTED TO FIND WAYS ON MOVING THE MARKET CAP UP SUBSTANTIALLY FORM CURRENT LEVELS. AMERICAN MARKETS ARE OPEN MONDAY SO THE PIG EXPECTS A GOOD SHOWING THIS WEEK AND FURTHER THROUGH THE REMAINDER OF THE SUMMER AND INTO THE FALL.
Going to the NYSE....
There's every reason to believe a new 52 week high will occur....maybe sooner than we think....being that a substantial commitment made by a high profile client will not only raise their value, but raise their profile, their accessibility to/from institutional money sources, international exposure and demand therein (Saudis I am thinking) and eventually a lead onto the big board in New York
. This OTC situation is a flash in the pan, the CEO and management team
have bigger and better things on the boil than this exchange. So if your anyone of the trading houses abusing/or attempting to abuse this stock....take heed...there is some power above your heads here.....you might not like what comes down from on high should you be doing so. Day to day gyrations can and will happen......I am thinking we are seeing the beginning of the end of those days in pits, this ones going to the penthouse to trade with the rest grey flanneled crowd.FAU.V....THE COMPANY IS STARTING AN ANALYSTS TOUR WEEK AFTER NEXT. THERE ARE SUBSTANTIAL RESULTS YET TO COME AND `THEY ARE UNDERWAY WITH THE HIRING OF A MINE MANAGER FOR THE SITE. SEVERAL NEWSLETTERS HAVE THIS PEGGED AS THE JUNIOR EXPLORER STOCK OF THE YEAR, AND THE PIG HAS IT PIGGED ALSO TO BE A KEEPER. THE MARKET HAS BEEN REACTING TO MANY STOCKS IN AN ODD WAY OVER THE MONTH OF JULY, INCLUDING THIS PIGLET. NEEDING NOT TO WORRY, THE PIG SAYS THE RESULTS COMING WILL GIVE THE LIFT REQUIRED INTO THE FALL TO TAKE THIS TO $1 PLUS. THE PIG THINKS THEY HAVE FOUND WHAT THEY WERE LOOKING FOR AND ARE NOW CONCENTRATING ON THAT AREA AS A WAY TO FATTEN AND COMPLETE THE 43-101 COMPLIANT RESOURCE REPORT SLATED FOR LATE FALL.
NPE.V...TURNAROUND OR RUN-AGROUND ? BIG REVERSAL NUMBERS POSTED ON THIS PIGLET. SCANNER IDENTIFIED SEVERAL AREAS OF INTEREST INCLUDING MOMENTUM, MOVING AVERAGE AND NET CAPITAL REVERSALS. CONCERNS WOULD BE LACK OF LIQUIDITY AND A CONTINUED UPDRAFT. CHANGE THOSE AND THE WORLDS YOUR OYSTER. THE PIG WILL WATCH LIST IT ANYWAY AS HE LIKES THE DRAMATICS SHOWN BY THE NUMBERS.
TEN.V......THIS PIGLETS BEEN IN AND OUT OF THE TOP TEN SCANNERS FOR A MONTH. ACCUMULATION IS THE BUZZ WORD HERE AND THE QUESTION IS WHY..... NEVERTHELESS, THE PIG SAYS IT SCANNED WELL IN A NUMBER OF AREAS. ITS LOOKING GOOD FOR A MOVE, .......SHOULD WE SEE LIQUIDITY CONTINUE, THEN MIX IN A SPRINKLING OF PATIENCE, AND A PINCH OF NEWS ............AND THE RESULT SHOULD BE A CANDIED CAKE OF PORKY PROFIT.................REMEMBER LIQUIDITY AND PATIENCE ....
THE PIGS FUNNY VIDEO OF THE WEEK.....
http://www.youtube.com/watch?v=jo9-bcbLn1Q&feature=related
THE PIGS RANDOM CUT AND PASTE OF THE WEEK....(A STOCK TIP ...HINT HINT)
AMZ numbers 15 billion tons x 10% potash = 1.5 billion tons potash
Brazil pays $400 too $600 per ton for potash
So amz Value is 600 billion too 900 billion dollars
Yes the numbers are so huge its UNREAL
API owned 25% of 425 mil tons in Sask and BHP bought out API at $8.35 per share
API had 38 mil shares OS
So had API owned 100% x the $8.35 by 4 = $33.40 at 435 mil tons
So Amz has 1.5 bil tons 30 mil shares OS tightly held that is very close too 100 dollars per share based on the BHP deal with Api
Fact is Brazil imports 90% of there Potash and grows 3 crops per year
AMZ deposit is more valuable than API deal was
AMZ has a 1000 years of Potash Deposit
The Big Mining Giant will buy this out sooner or later and pay a big Premium
Suncor Energy's shares jump as profitability returns
The company’s shares climbed as high as $33.89 in morning trading on the Toronto Stock Exchange after it recorded second quarter net earnings of $480 million or 31 cents per share compared to a net loss of $51 million six cents per share for the second quarter of 2009.
Excluding one-time items, operating earnings of $781 million or 50 cents per share compared to $38 million or four cents per share in the same period of last year.
In a news release, the company credited higher oil prices, offset by a stronger Canadian dollar, for the positive result.
Thanks to contributions from Petro-Canada, Suncor said its oilsands production reached a record high of 330,000 barrels per day in April, although planned maintenance at its two upgraders in May and June lowered the second quarter average. Total upstream production averaged 633,900 barrels of oil equivalent per day.
“Even with the impacts of maintenance, we had one of our best quarters for oilsands production on record,” Suncor CEO Rick George said in a statement. “Although we have some planned maintenance remaining, we’re targeting a strong second half to the year.”
© Copyright (c) The Calgary Herald
Heartland pushing for 4 Alta. upgraders
JULY 29, 2010
Alberta's Industrial Heartland Association has launched a new public campaign to build support for the oilsands value-added chain, including seeing four new upgraders built in the province."In our discussions regarding the issue and the importance of the issue we really felt that there had to be a higher profile within the public of what was going on and some of the opportunities we wanted to set the path on," said Neil Shelly, executive director of Alberta's Industrial Heartland Association.
The campaign is aimed at increasing public awareness about the importance of upgrading the province's raw bitumen here, rather than shipping it to other countries to be refined.
According to the news release from the association, the per cent of Alberta's resources that are processed in the province will drop from 70 to 40 by the year 2020 if current trends continue. Alberta currently refines the lowest percentage of its natural products than any other jurisdiction in North America.
"We're behind and supportive," said Mayor Jim Sheasgreen. "More upgraders in the area is good for not just Fort Saskatchewan, not just for the heartland municipalities but for the entire province."
"I know there's always a question of 'how much' and 'should there be,' and 'how much is too much'," he said, adding that the campaign is only aiming at educating the public at this time.
"We took a lot at the benefits, both ecological and economical and basically if you look at it, it provides a huge opportunity for growth in the area — short term in construction jobs and long term in operating jobs," said Shelly. "So we really see this as the base for building a great economic future for the area going forward."
The potential benefits of upgrading bitumen in Alberta go beyond just upgrading, said Shelly.
Locally, the upgraders pay a large amount of taxes — meaning tax levels in the surrounding areas will remain reasonable. Provincially, it also pays many taxes to the province — an alternative form of revenue, making royalties less of an issue — and can also add significantly to the gross domestic product (GDP) of the province.
Shelly estimated that if 2 million barrels of bitumen were extracted, that would generate about $25 billion a year for Alberta's economy. If it were upgraded here, you could double the GDP to $50 billion.
"Another important part is that in the upgrading process some very important by-products are produced that can become the basis for a whole petrochemical industry," he said. "And that can add an additional $25 billion a year."
If the petrochemical industry takes off, it could lessen the boom and bust effect of fluctuating oil prices.
With the announcement of the bitumen royalty in kind (BRIK) program last year, construction is poised to begin next year on the North West Upgrader, but that's only a small step in reaching Alberta's full potential, according to the release.
Shelly said that the association has been continually talking with the provincial government about this issue over the years, adding that they both share the vision of moving the product up the line — last year's Oil Sand's Strategy is one result of that.
But Shelly said that because the situation is so dynamic, with oil prices and the economic situation, that no one has been able to come up with a sure-fire solution to the issue.
The heartland has formed a coalition with other groups, including labour groups, the Building Trades of Alberta council, contractors and the Canadian Chemical Producers Association.
For more information on the Refine It Where We Mine It campaign, visit www.refineitwherewemineit.ca.
tessa@bowesnet.com
Thursday, July 29, 2010
THE PAINTED PIGS FRIDAY MORNING FRYERS
THE PIG SAYS ITS HOT OUTSIDE. IS THIS WHAT THEY CALL THE DOG DAYS OF SUMMER ?
SUCKS TO BE A DOG THEN, CAUSE WE PIGS ALWAYS SWEAT AND THE SWEET SUMMER HEAT IS A WELCOME PHENOMENA. LOTS OF HEAT IN THE MARKETS TODAY, AND THE SENTIMENT SEEMS TO BE HIGH. WHICH IS AN ODD THING FOR THE SUMMERTIME, AND THE STOCK MARKET.....USUALLY IN SUMMER.........ITS WHEN THE HUMANS HIT THE BEACH, THE FARMER HITS THE HAY, AND THE PIG HITS THE STY TO STAY COOL.
ON WITH THE SHOW.....
(FOR THOSE THAT WANT INFO ON ETF'S-OR ON FNDM )
WATCH FOR FNDM BUYING TO INCREASE AGAIN TOMORROW IN ADVANCE OF NEWS. OVER A MILLION SHARES TRADED AND UP 10% ON THE DAY WITH .15 AS THE HIGH. THIS IS GREAT BECAUSE THE HIGHER THE SET BASELINE GOES THE HIGHER THE LAUNCH PAD ON DAY ONE OF THE MOVE. THE PIG LIKES .40 TO .50 LEVEL AS A FIRST ESTABLISHED RESISTANCE AREA.
TWO BUYING GROUPS ARE REPORTED TO BE INCOMING FRIDAY IN ADVANCE OF VERY SIGNIFICANT NEWS FROM A MAJOR US BANK.
AMZ.V..TOP SCANNER OF THE NIGHT !
THIS PIGLETS BEEN IN THE TOP 10, 15 OR 20 FOR 3 MONTHS. THAT TELLS THE PIG THERE'S UNDERLYING STRENGTH, THAT TELLS THE PIG THERE'S FIRE TO THAT BILLION DOLLAR DEPOSIT RUMOUR. THE PIG HAS BEEN WATCHING IT CLOSELY. IT NOW MAY BE TIME TO MOVE ON IT.
IZN.V...PUCKER UP PIGGY YOUR ABOUT TO BE KISSED. NUMBER TWO ON THE NIGHT AND STRONG NUMBERS EVERY WHERE AND IN EVERY SECTOR !MAKE THIS A NICE PIGLET TO OWN. THE PIG WILL BE LOOKING AT GETTING A FEW IN THE NEXT DAY OR TWO...PROVIDED LIQUIDITY IS THERE......YOU KNOW THE RULE
LGD.V...ANOTHER PIGLET THAT'S BEEN HANGING AROUND THE TOP 25 FOR SOME TIME. A PIG PREVIOUS PICK AND ONE THAT'S BEEN IN ACCUMULATION MODE FOR 2 SOLID MONTHS. SCANNED TOP 3 TONIGHT FOR THE FIRST TIME SINCE JULY 2. BUT ITS NOT IN THE OP 3 OR 5 OR EVEN 10 BECAUSEOF LIQUIDITY ISSUES, WE NEED LIQUIDITY TOM TRADE. PATIENCE IS ONE THING, LIQUIDITY IS A CLOSE SECOND IN OUR BUSINESS.GET LIQUIDITY AND GET SOME SHARES.....
THE PIGS SOFTWARE OF THE WEEK....
(FREE TOO)
http://www.jingproject.com/
Copper May Rise Next Week as Commodities Attract More Money, Survey Shows
By - Jul 29, 2010 5:01 PM MDT Thu Jul 29 23:01:00 UTC 2010
A shopper looks at copper fittings for pipes at a Home Depot store in Atlanta.
Photographer: Chris Rank/Bloomberg
Eleven of 21 analysts, investors and traders surveyed by Bloomberg, or 52 percent, said the metal will gain next week. Eight predicted lower prices and two forecast little change. Copper for delivery in three months was up 3.2 percent for this week at $7,255 a metric ton on the London Metal Exchange at 3:45 p.m. yesterday.
Hedge funds and other large speculators boosted their net- long position, or bets on higher prices, for New York copper futures to 3,915 contracts as of July 20 from 2,862 contracts on June 29, according to U.S. Commodity Futures Trading Commission data. Investors put $15.4 billion of new money into raw materials in the second quarter, up from the prior three months, Barclays Capital said July 16.
“We would not be surprised to see fresh money hitting commodities as we head into August, given the rally seen so far in July,” Randy North, a trader at RBC Capital Markets in London, wrote in a report yesterday. “This buying, in turn, will likely trigger further technically driven buying.”
The red bars on the attached chart are derived by subtracting bearish forecasts from bullish estimates, with readings below zero signaling the majority of respondents expect a decline. The green line shows the copper price. The survey data shown are as of July 23.
The weekly copper survey has forecast prices accurately in 47 of the past 97 weeks, or 48 percent
THE PIG FOUND A RALLY GOOD SITE FOR THE NOVICES OUT THERE. IT EXPLAINS A TON OF THINGS ON JUNIOR MINING, TERMINOLOGY, ASSAYING......ETC. CHECK IT OUT ! CLICK THE MENUS ON THE LEFT HAND SIDE FOR THE INDIVIDUAL STOCK PORTFOLIOS. GOOD STUFF !!
http://cjrs.ca/
FNDM-ALERT
THE PIG CALLED THE IR DEPARTMENT THIS MORNING.......
THE PIG WAS IN YESTERDAY AT .10....ITS SEEN A HIGH OF .15 AND IS TRADING AT .12 NOW. THE PIG EXPECTS A BASE ION THE HIGH TEENS TO FORM BEFORE NEWS GIVING A DECENT SIZE LAUNCH AND PROFIT TO THOSE IN EARLY.
Keep an eye on FNDM because........trust me the news thats coming will shake the financial community in New York. BNY(Bank of New York) handles trillions in funds and todays news shows the new alliance link formed. As well we are waiting on the news on a very large (yes very large) commitment as a sign of good faith from BNY to start of this new relationship. Check out the chart, do some DD you will be very happy by this time next week.
THE PIG WAS IN YESTERDAY AT .10....ITS SEEN A HIGH OF .15 AND IS TRADING AT .12 NOW. THE PIG EXPECTS A BASE ION THE HIGH TEENS TO FORM BEFORE NEWS GIVING A DECENT SIZE LAUNCH AND PROFIT TO THOSE IN EARLY.
MTB.V ALERT
Mountain Boy Minerals Ltd.: Drilling Continues to Extend High Grade Gold Zone Beneath Historic Dunwell Mine Workings STEWART, BRITISH COLUMBIA--(Marketwire - July 29, 2010) - Mountain Boy Minerals Ltd. ("Mountain Boy" or the "Company") (TSX VENTURE:MTB) reports that recent drilling at its wholly owned Dunwell Gold Mine continues to expand the previously announced discovery zone. Assay results have been received for the commencement of the 2nd phase drill program. The primary purpose of the 2010 drill program has been to test the potential for depth extensions to the known Dunwell gold-silver mineralization. The Dunwell Gold Mine is a former producing gold mine, located 7.5 kilometres northeast of Stewart BC, 2 kilometres off paved highway 37A. The property has excellent infrastructure being at a low elevation allowing for exploration year round. To date, a total of 8 holes have been completed on the 2nd phase drill program, from 2 panels located 40 and 60 metres north of the previously announced discovery holes. Drilling is testing approximately 150 metres below the lowest underground workings. Significant results from one of the holes are as follows: -------------------------------------------------------------------------- From To Length DDH No. (m) (m) (m) Au g/t Ag g/t Pb % Zn % Cu % -------------------------------------------------------------------------- D4-10-15 208.84 213.14 4.3 15.62 42.0 0.04 0.40 1.44 -------------------------------------------------------------------------- Core intersection widths are interpreted as being true width given the dip of the mineralized zone. To date, the new zone of mineralization has been intersected over a length of 250 metres, a depth of 100 metres over widths up to 10 metres. Mineralization is open in all directions from the new drilling as well as on strike from the upper existing workings. Breccia zones and quartz-sulphide veins are developed en echelon and adjacent to a major north striking, west dipping fault zone (West fault). The veins are commonly situated along one or both sides of parallel lamprophyre dykes which are up to 0.6 metres wide. Surface exploration indicates that another zone of high grade mineralization is present on the property. Float sampling in a creek bed yielded values ranging from 1.05 to 29.22 g/t gold, 1.2 to 313 g/t silver, 0.03 to 0.215% copper, 0.01 to 5.25 lead and 0.09 to 12.24 zinc. Further exploration consisting of soil sampling and prospecting will be conducted in order to locate the source of this float. Mineralization consists of lenses and stringers of pyrite, galena, sphalerite and tetrahedrite with minor chalcopyrite, native silver and argentite in a gangue of quartz and minor calcite. Locally, the Dunwell vein contains up to 75% sulphides. The mineralization is more intense where the veins are intersected by fractures of the West fault zone. Ed Kruchkowski, P. Geo., a qualified person under National Instrument 43-101, is in charge of exploration on behalf of the company. All assaying is being carried out by Assayers Canada in their Vancouver facilities. About Mountain Boy Minerals Mountain Boy Minerals Ltd. is a Canadian based mineral exploration company with diverse property and resource holdings around the Stewart region in British Columbia's golden triangle. It owns 30% of the Silver Coin project, a gold-silver-base metals project with a 43-101 defined 944,000 ounces gold in the measured and indicated category and 1,400,000 ounces in the inferred category. The Company is also exploring silver-base metals on its American Creek and Bear Valley properties as well as copper-gold on their Stewart area claims. ON BEHALF OF THE BOARD Ed Kruchkowski, Director "This news release may contain forward-looking statements. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements." FOR FURTHER INFORMATION PLEASE CONTACT: Mountain Boy Minerals Ltd. Investor Relations 604-681-0710 or Mountain Boy Minerals Ltd. Ed Kruchkowski 250-636-9232 www.mountainboyminerals.ca
HOW MUCH IS 21 TRILLION ?
FNDM IS ON THE MOVE.......EXPECT A BLOCKBUSTER NEWS ANNOUNCEMENT NEXT WEEK........HERE IS A CLUE..
BNY Mellon is a global financial services company focused on helping clients manage and service their financial assets, operating in 36 countries and serving more than 100 markets. BNY Mellon is a leading provider of financial services for institutions, corporations and high-net-worth individuals, providing superior asset management and wealth management, asset servicing, issuer services, clearing services and treasury services through a worldwide client-focused team. It has $21.8 trillion in assets under custody and administration and $1.0 trillion in assets under management, services $11.6 trillion in outstanding debt and processes global payments averaging $1.5 trillion per day. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE:BK ). Additional information is available at www.bnymellon.com.
BNY Mellon is a global financial services company focused on helping clients manage and service their financial assets, operating in 36 countries and serving more than 100 markets. BNY Mellon is a leading provider of financial services for institutions, corporations and high-net-worth individuals, providing superior asset management and wealth management, asset servicing, issuer services, clearing services and treasury services through a worldwide client-focused team. It has $21.8 trillion in assets under custody and administration and $1.0 trillion in assets under management, services $11.6 trillion in outstanding debt and processes global payments averaging $1.5 trillion per day. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE:
Wednesday, July 28, 2010
THE PAINTED PIGS THURSDAY MORNING THUMPERS
THE PIGS EARS ARE SORE. THE STY PHONE LINES WERE BURNING UP TODAY. TIPS, QUESTIONS, AND A PHONE CALL FROM HALF WAY ACROSS THE WORLD FROM A READER.
THE PIG DABBLED IN A FOREIGN WORLD TODAY WITH THE PURCHASE OF AN OTC LISTED STOCK. IF THE PIGS SOURCES ARE TO BE CORRECT THEN THIS ONES GOING FOR A RIDE. WORD IS A FEW NEWSLETTER WRITERS ARE PICKING IT UP FRIDAY FOR NEXT WEEKS START TO THE NEWS FLOW. THINK BIG....AS IN BIG DEPOSIT HOUSE.........REALLY BIG......
SOME MOVERS AND SHAKERS TODAY AND GOOD NEWS OUT FOR A FEW PLAYERS. AN OLD FAVORITE (THE PIGS OWNED IT FOR 2 YEARS) PPI.V MADE A MOVE TODAY. SOME THINGS APPARENTLY STIRRING IN THAT SITUATION. MTB.V RUMOURED TO BE COMING OUT WITH SOME STELLAR RESULTS. FAU.V HAS THE SAME BUT NOTHINGS BEEN SEEN YET. A PATIENCE GAME THIS IS.WOF.V, ADB.V, AND ACG.V ALL BEING HELD IN THE STABLE FOR BREAKOUT MOVES, BY THE PIG.ITS GOING TOBE A GREAT FALL !!!
ON WITH THE SHOW....
Lao Tzu
THE PIGS REAL ESTATE SITE OF THE DAY.......
(A FRIEND OF THE PIG AND 18% RETURN IS NOTHING TO SCOFF AT)
BTR.V.. HOLY ACCUMULATION BATMAN !!!....HIGH SCANNER OF THE NIGHT IN 8 OF 10 AREAS......AND A PREVIOUS PIG PICK BACK A MONTH OR SO AGO. SEEMS THE SKIES ABOUT TO OPEN AS THE CLASSIC TURNAROUND STARTS TO UNFOLD. AGAIN PATIENCE REQUIRED AND A GOOD DOSE OF LIQUIDITY ALSO, TO STIR THE POT AND KEEP IN BOILING. NO VOLUME NO PRICE....NO SMOKE...NO FIRE.
URX.V...A MOVE AFOOT...OR A TRADING SCHNOOK ?...FRESH ACCUMULATION (NET CAPITAL INFLOW) WITH MOVING AVERAGE UPTICKS HAVE THIS AS OUR SECOND SCANNER OF THE EVENING.. GOOD NUMBERS IN DISTRIBUTION AND SENTIMENT AREAS AS WELL. MORE TIME AND LIQUIDITY NEEDED THOUGH.
IMI.V...GAP UP AND GAP OUT OR GAP UP AND FLAT OUT ? ANOTHER CURIOUS SCAN BUT NEVERTHELESS 3RD ON TONIGHT S SCANS. SAME SITUATION, WITH A BUY ORDER BY THE PIG...NOT UNTIL THE LIQUIDITY SHOWS STEADY AND THE ACCUMULATION SHOWS A LARGER AND LONGER CONTINUATION.
Hidden signs of life in the economy
http://money.cnn.com/2010/07/28/markets/thebuzz/
FROM THE "IT'LL NEVER HAPPEN" DEPARTMENT....
http://www.torontosun.com/comment/columnists/2010/07/27/14847206.html
THE BEER NUT.....
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