THE PAINTED PIGS WEEKEND CHOICE CHOPPERINO'S JUNE 5-6, 2010

THE PIG SEES THAT THE MUCH MALIGNED WESTERN ZAGROS WZR.V.....HAD SOME ACTION TODAY. RUMOURS OF AN INSIDER BUYING IN WERE PART OF THE MANIA. DEC.V/MTB.V HAS RUMOURS FLOATING AROUND OF  BIG ASSAYS ON CORES PULLED THIS WEEK. THE ASSAYS WERE ALL EDGED TO HAVE BEEN "RUSHED" AND AIR FREIGHTED TO COINCIDE WITH THE BIG VANCOUVER GOLD SHOW THIS WEEKEND. THE NEXT WEEK OR TWO SHOULD BE INTERESTING FOR THE STOCK. A COPY OF AN EMAIL THE PIG RECEIVED ON THE PLAY IS BELOW.

ALLANA RESOURCES, A PIG HOLDING AND LONG TERM FAV HAD A GOOD DAY AS THE INVESTMENT COMMUNITY AWAITS RESULTS AND FURTHER UPDATES. A COPY OF AN EMAIL ALLEGED TO BE FROM THE COMPANY PRESIDENT IS DIRECTLY BELOW THE OPENING STATEMENTS. THE PIG PULLED IT OFF OF INVESTORS HUB. ITS VERY POSITIVE IF FACTUAL, AND THE PIG HAS NO REASON TO BELIEVE ITS NOT.

THE PIG FEELS THERE ARE MANY GOOD PLAYS OUT THERE TO BE INVOLVED IN.  IN ADDITION, WE ARE COMING INTO THE SUMMER SEASON WHERE TRADITIONALLY DRILL RESULTS FROM SPRING PROGRAMS BEGIN TO FILTER IN. AS IN PAST SUMMERS, THERE WILL BE MUCH MONEY TO BE MADE FROM THESE PLAYS. THE PIG CAUTIONS AGAINST GREED AND URGES RESPECT TO THE PROFIT PROPHET. REMEMBER 10 CENTS IN THE HAND IS BETTER THAN 50 CENTS IN THE HEAD. LETS GET ON THIS WEEKENDS BUSINESS.

ON WITH THE SHOW.........

Posted by: mysixtyninez	Date: Friday, June 04, 2010 10:38:50 AM
In reply to: AAAIRMAX who wrote msg# 1445	Post # of 1458

" The assay results should be back if not today "....

To: Farhad Abasov
Sent: Thu Jun 03 21:57:52 2010
Subject: Couple questions...

Good evening Mr. Abasov,

I have a couple quick questions that if you are able to answer, would be appreciated as always.

1. Is our camp build-out complete by chance
2. Are we still interacting with BHP
3. Any expectation on when we would be hearing about results our initial 2 holes

Thank you for your time as usual Mr. Abasov, it is much appreciated.
 

XXXX

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

Hi XXXX,

The camp was completed a few months back.

We are still in talks with BHP and some others.

The assay results should be back if not today then next week.

Cheers,
Farhad
----------------------

My question about the camp was actually meant to ask if the build out to 35 people was done. LOL

GLTUA !!.....great info AAA,,,,,Thanks !!!

 

xxxxx

MTB

Mountain boy today confirms they have pending news on 2 "Monster holes" their words not mine. They will also be putting back the pictures on the web site with strong VG-visible gold. They are working to have the news out today but it may be Monday as well. Large bids are building so it would seem more people are calling the company to check on the status of pending news. This will be the talk of the conference in Vancouver the 6th & 7th for sure.

WZR-INSIDER BUYING

WesternZagros Resources Ltd. (WZR)
As of June 4th, 2010
Filing Date Transaction Date Insider Name Ownership Type Securities Nature of transaction # or value acquired or disposed of Unit Price
Jun 04/10 Jun 04/10 Frangos, John Direct Ownership Common Shares 10 - Acquisition in the public market 2,000,000 $0.370
Jun 03/10 Jun 03/10 Oliphant, Randall Direct Ownership Common Shares 10 - Acquisition in the public market 200,000 $0.365
Jun 03/10 Jun 03/10 Oliphant, Randall Direct Ownership Common Shares 10 - Acquisition in the public market 100,000 $0.360
Mar 26/10 Feb 05/08 Theriault, Robert Direct Ownership Options [Amended Filing] 50 - Grant of options 720,000
Dec 10/09 Dec 09/09 Boone, David J. Direct Ownership Common Shares 10 - Acquisition in the public market 20,000 $0.570
Jun 17/09 Jun 10/09 Theriault, Robert Direct Ownership Common Shares 10 - Disposition in the public market -30,000 $2.020
Jun 08/09 Jun 04/09 Boone, David J. Direct Ownership Common Shares 10 - Disposition in the public market -10,000 $1.930
Jun 05/09 Jun 03/09 Boone, David J. Direct Ownership Common Shares 10 - Disposition in the public market -20,000 $1.790
Jun 05/09 Jun 03/09 Boone, David J. Indirect Ownership Common Shares 10 - Disposition in the public market -600 $1.800
Jun 05/09 Jun 03/09 Boone, David J. Indirect Ownership Common Shares 10 - Disposition in the public market -65 $1.790
[Amended Filing] - Amended Filing

Six Banks Made $51 Billion in ‘09 (The rest lost money)

Barry Ritholtz

Jun 6, 2010 5:56PM

I gave myriad reasons in Bailout Nation for being strongly opposed to bank bailouts. One of the most compelling factors was the horrific impact past bailouts have had on other competitors in the sector. Bailouts rewarded the worst managements, the least deserving shareholders, and the most reckless creditors. (That’s not how capitalism is supposed to work). 

As it turns out, the banking sector is no different than these other industries that have been bailed out. After the government’s largesse, bad companies do well — and at the expense of the well managed, responsible, non-reckless firms. Forbe’s Bob Lenzner shows us exactly how warped the bailed out banking sector has become: Bob notes that Six giant banks made $51 billion in profits last year, while the rest of the banking industry — the other 980 banking institutions — all lost money.
That is simply astonishing.
As the table below shows, the other 980 that lost money (in the aggregate) — thats a heckuva data point.

Trading Revenue at U.S. Bank Holding Companies in 2009

All data from December 2009 FR Y-9C filings. Dollar amounts in millions.

		Total Assets, Dec. 31, 2009	Trading Revenue	Pretax Income	As a Percentage of Pretax Income
1	Goldman Sachs Group	$849,278	$23,234	$19,451	119.4%
2	Bank of America	2,224,539	12,067	4,592	262.8%
3	JPMorgan Chase	2,031,989	9,870	16,149	61.1%
4	Morgan Stanley	771,462	7,279	857	849.4%
5	Citigroup	1,856,646	4,448	(7,799)	N/R
6	Wells Fargo	1,243,646	2,674	17,998	14.9%
	Top 6 Aggregate		59,572	51,248	116.2%
7	Bank of New York Mellon	212,336	1,032	2,626 *	39.3%
8	State Street	156,756	598	2,527	23.7%
9	Northern Trust	82,142	508	1,255	40.5%
	Trust and Custody Banks Aggregate		2,139	6,408	33.4%
10	MetLife	539,314	361	(2,798)	N/R
11	GMAC	172,313	173	(7,939)	N/R
			534	(10,737)	N/R
12	PNC Financial Services Group	269,922	170	3,324	5.1%
13	U.S. Bancorp	281,176	163	2,632	6.2%
14	Fifth Third Bancorp	113,380	125	767	16.3%
15	Sun Trust Banks	174,166	100	(2,450)	N/R
	Banks Nos. 12 to 15 Aggregate		558	4,273	13.1%
	Remaining 971 Bank Holding Companies Aggregate		1,399	(19,284)	N/R
	All Bank Holding Companies (986 banks) Aggregate		64,202	31,908	201%

* Excludes $4.8B in securities losses related to restructuring of Bank of New York Mellon’s investment securities portfolio in Q3 2009. “N/R” = Not relevant. Table and data courtesy of Forbes.com
Source: Six Giant Banks Made $51 Billion Last Year; The Other 980 Lost Money Robert Lenzner Forbes, 06.03.10, 04:25 PM EDT http://www.forbes.com/2010/06/03/goldman-sachs-citigroup-markets-lenzner-morgan-stanley_2.html

CLI.V....NO STORY, NO DIRECTION BUT FOR SOME REASON THIS PORK CHOP  COMES UP WITH SOME VERY BIG SCAN NUMBERS. THE PIGS BAFFLED..... BUT AS YOU CAN SEE SOMEONE HAS BEEN BUYING IT FOR SOME REASON AND THAT'S WHATS GOT THE SCANNER ALL IN A FRENZY. LARGE MOVING AVERAGE NUMBERS, CAPITAL INFLOW, DISTRIBUTION AND SENTIMENT VECTORS. TOO EARLY TO TELL YOU WHAT THE HUB BUB IS SO WATCH AND WAIT....FOR LIQUIDITY AT LEAST.
                        
                     

LAQ.V.....STRONG NUMBERS IN ALMOST ALL CATEGORIES ON THIS PIGGY. MOVING AVERAGE CROSS IS THE MOST IMPORTANT CLUE AND A SIGN FOR A PENDING UPSWING. MOMENTUM AND SENTIMENT INDICATORS ALL UP-TICKED FROM GOOD LEVELS. THE PIGS NOT AWARE OF ANY NEWS COMING BUT IF IT DOES THIS COULD BE WELL PLACED TO LAUNCH, SHOULD IT BE SUBSTANTIAL NEWS. KEEP A PIGS EYE OUT FOR THE LIQUIDITY BEING SUSTAINED.

_______________________________________________________________________________

_______________________________________________________________________________

THERE WAS QUITE A FEW SCANS JAMMED UP IN THE NUMBER THREE SPOT SO THE PIG FIGURED RATHER THAN CONFUSE YOU AND MAYBE GIVE YOU AN EXERCISE IN dd, HE WOULD POST THE SYMBOLS BELOW.THEY ALL HAVE STRONG NUMBERS AND CORRESPONDING CHARTS.

NOT.V

GAP.V

SSZ.V

RLL.V

DIA.V

IB.V

DEC.V

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Potash Prepping for Second Boom

June 2, 2010 @ 11:42 am In Feature Articles, Potash Articles

By Leia Michele Toovey- Exclusive to Potash Investing News ^[1]
[2]Potash is taking its time to jump aboard the commodity rebound. The most recent deal for potash was settled between Canpotex and China to sell the crop nutrient for $370 per tonne, just $20 per tonne more than what the crop nutrient ^[3]was fetching six months ago. Canpotex will supply state-owned Sinofert 70,000 tonnes of potash, a deal worth $26 million.  Potash’s peak price is $1000 per tonne- a value hit in 2008, a price that Potash Corp of Saskatchewan’s CEO is confident will be surpassed sooner, rather than later.

Despite the slow recovery, Saskatchewan’s potash industry is still pumping a great deal of capital into the region. Potash Corporation of Saskatchewan (NYSE:POT ^[4]), The Mosaic Company (NYSE:MOS ^[5]), and Agrium Inc. (NYSE:AGU ^[6]) are investing approximately $8.4 billion to increase their total production capacity by 15.44 million tonnes by 2020. This investment will raise their total production capacity to about 36.3 million tonnes, an increase of about 75 percent over 2004 values. When this goal is met, the three companies together will hold 50 percent of the world’s potash production ^[7] capacity.

Potash Corp is investing about $4.8 billion in its Lanigan, Rocanville, Allan, Cory and Patience Lake facilities, while Mosaic is spending about $3.2 billion at its Esterhazy, Belle Plaine and Colonsay locations. Agrium recently  upgraded annual capacity at its Vanscoy mine by 18 percent and is currently looking into an additional expansion at Vanscoy and a new mine near Yorkton.  World-class miner BHP Billiton is spending millions of dollars investigating potash mining opportunities in Saskatchewan.

Meanwhile,  Russian billionaire Mr. Rybolovlev is looking to sell control in potash miner Uralkali (URKA RX.) Uralkali accounts for over 30 percent of global potash sales; Rybolovlev holds a 65.6 percent stake. The reason for Rybolovlev’s liquidation is unknown, however, as the news hit the stock market Uralkali’s shares rallied on hopes the move would ease political risks around the company. Shares in Uralkali jumped 11.5 percent in London as analysts said the Kremlin would allow only a loyal tycoon or a state firm to buy the company in a move that would help ease tensions with the government over a mine flooding ^[8].  Uralkali has paid $250 million to compensate for the collapse of its Soviet-era mine in the Urals mountains in 2006 instead of the several billion first threatened by Deputy Prime Minister Igor Sechin. Global mining companies such as Potash Corp, Vale or BHP Billiton could be interested in the stake but would be barred for political reasons.

Vale (NYSE:VALE ^[9]), the Brazilian mining company pushing into potash, said on Thursday that the $1.03 billion purchase of Mosaic’s stake is likely to be concluded soon.  This move is part of the company’s overall strategy to acquire more potash assets and diversify its revenue stream away from metals and minerals. Vale’s growing bets on fertilizer are part of a plan to benefit from rising global food consumption and agricultural output in South America and Asia. Early in 2009, Vale spent $850 million on the purchase of potash assets in Argentina and Canada. Vale CEO Roger Agnelli recently indicated Vale is interested in smaller acquisitions and that he hopes to achieve the company’s long-term growth goals through organic projects where he sees the best value. Among the assets that Vale bought from Bunge are phosphate rock mines and phosphate assets and a direct and indirect stake of 42.3 percent in the capital of Fosfertil. Vale plans to buy out the remaining 0.2 percent stake of Fosfertil held by minority shareholders in a tender offer that will be filed in coming weeks.

• JUNE 4, 2010, 12:36 P.M. ET

Canada's Oil Sands May Gain From Deepwater Drilling's Pain

DOW JONES NEWSWIRES
OTTAWA (Dow Jones)--The oil spill in the Gulf of Mexico could make crude production from Canadian oil sands, long reviled by environmentalists, look more appealing.
The inadvertent benefit to the oil-sands industry from the spill may be more than just cosmetic, with deep water drilling likely to face higher costs from new regulations as a result of the disaster. The great expense and particular environmental risks of oil-sands development could look ever more bearable compared with the potentially catastrophic consequences of deep-water drilling. Any eventual shift of investment from the Gulf into the oil sands.