HAS ANYBODY CHECKED IN ON THE SWISS YET. ? THEY DEFEATED SPAIN IN A MATCH IN TODAY'S WORLD CUP SET. LAST I CHECKED THEY WERE STILL CELEBRATING AND A BEER SHORTAGE WAS LOOMING. SPAIN WILL BE BACK, ITS NOT THE END OF THE WORLD.
NO SHORTAGE OF STORIES TODAY, FROM THE CONTINUOUS GULF SITUATION TO CHINA'S RISE (OR FALL) IN ECONOMIC NUMBERS (DEPENDING ON WHO YOU BELIEVE). TO THE RISE IN INTEREST IN THE OIL-SANDS AS A SOURCE OF HYDROCARBONS SEVERAL OF THE PIGS PAST PICKS HAD NEWS TODAY AND COUPLE OF OTHERS ARE AWAITING SOME SORT OF MARKET SIGNALED UPDATE. THE TIMES THEY AREA CHANGING.....
FEC.V.. TOP SCAN TONIGHT......VOLUME, NET CAPITAL INFLOW, SENTIMENT AND VOLUME ALL UP AND MOVING ON THIS CHOP. THE PIG THINKS ITS GOT A BIGGER BREAK OUT COMING....AND SOON.....
TCF.V...GROUND FLOOR OR GRAND BORE ? THE SCANNER PICKED UP A SERIOUS MOMENTUM REVERSAL HERE, ALONG WITH A NET CAPITAL REVERSAL AND SOME MOVING AVERAGE CHANGEOVER SENSATIONS. TOO EARLY YET FOR THE PIG TO BUY, BUT GET SOME LIQUIDITY AND HE COULD SURE TRY....
Passport Potash oversubscribes financing
2010-06-16 15:53 MT - News ReleaseMs. Laara Shaffer reports
PRIVATE PLACEMENT UPDATE
Passport Potash Inc.'s non-brokered private placement of four million units at five cents announced in Stockwatch on May 27, 2010, has been oversubscribed by $50,000. Each unit will consist of one common share and one full warrant exercisable at 10 cents for a period of two years.
Proceeds will be used for working capital.
The foregoing is subject to regulatory approval.
June 16, 2010
RBC: Epic profit cycle ahead, maybe
By David Berman
Globe and Mail Update
Globe and Mail Update
Investment outlook tilts toward bullishness, but U.S. favoured over Canada
The way strategists at Royal Bank of Canada see things, the U.S. stock market looks far more appealing than the Canadian market right now.
In their summer global investment outlook, strategists argue that the S&P 500 remains 36 per cent below its fair value assessment after being "deeply oversold" in 2009. Profits have been soaring largely because companies responded to the economic downturn with sharp cost cutting out of fear that another Great Depression was in the works. Now that profits are recovering, these low costs are a bonus.
"Even if revenue growth remains sluggish, the high degree of embedded leverage suggests a small gain in sales will be enough to push earnings significantly higher," the strategists said in their published outlook. "And if revenue growth continues to build momentum, an epic profit cycle could be upon us."
That's the first time we've seen the word "epic profit cycle" in this investment round, which certainly implies that RBC is at the bullish end of the investment spectrum.
However, the bank is lukewarm on Canada. The analysts believe that the S&P/TSX composite index is the developed world's most fully valued market, trading near what they see as the midpoint of its fair-value band. However, they're bullish on industrials (economic activity is picking up at the same time that government stimulus spending is coming through) and information technology stocks (reasonable valuations).
Stockhouse Canadian Small and Micro-cap Stock Report for Wednesday, June 16, 2010
Gold Stocks Rally, Spanish Mountain Up 6.7%
June 16th, 2010 - 2:12 pm | by GoldAlert
GOLD STOCKS NEWS - Gold stocks climbed Wednesday, as the Market Vectors Gold Miners ETF (GDX) gained $0.63, or 1.2%, to $51.80 - the highest level for the gold stocks ETF in close to a month. The rally in gold stocks came despite a slightly weaker price of gold, as well as a mixed equity market. The Dow Jones Industrial Average (DJIA), after falling as much as 72.17 points this morning, was higher by 19.04 points at 10,423.81 in mid-day trading. Year-to-date the Dow Jones remains lower by 0.1%, while the GDX is higher by 11.6% in 2010.
With the GDX continuing to outperform the broader market this year, investors have sought out individual gold stocks to gain further leverage to the price of gold. One company that has benefited from this trend is Spanish Mountain Gold (SPA.TSXV), a Canadian-based gold explorer whose flagship Spanish Mountain Gold Project is located in British Columbia, Canada. Shares of Spanish Mountain have surged 77.8% gain in 2010 as the company continues to develop its advanced stage project.
Wednesday morning Spanish Mountain Gold announced that it purchased a 100% interest in the Cedar Creek Property from Cedar Mountain Exploration (CED.TSXV). The property consists of approximately 14 square kilometers and is contiguous to the western boundary of the Spanish Mountain Gold Project. In mid-day trading SPA.TSXV rallied 6.7% to C$0.48 per share.
Under the terms of the acquisition, Spanish Mountain may purchase a 100% undivided interest in Cedar Creek by making a C$500,000 cash payment to Cedar Mountain. The 100% undivided interest in the property is subject to an underlying net smelter return royalty of 2.5%. The royalty may be purchased by the company for consideration of C$500,000 per 1% net smelter return.
In commenting on the news, Spanish Mountain’s President and CEO, Brian Groves, stated that “Our primary focus is the advancement of our Spanish Mountain Gold Project. We have identified areas on the Cedar Creek Property and close to the common property line which we believe have the potential to host gold mineralization. We will work quickly to better define these areas as targets for drilling.”
Other notable gainers in the gold stocks sector included Barrick Gold (ABX), Goldcorp (GG), and Kinross Gold (KGC). Shares of ABX, GG, and KGC were higher by 1.0%, 1.9%, and 0.7%, respectively, in mid-day trading.
Swearers face $100 fine
Posted By Staff
Date: June 16th, 2010
Category: Nutty News
Australia - Swearing in public could become a major money spinner for the Queensland Government with $100 fines to be issued for the offence along with $300 for public urination and other disorderly offences. A 12-month trial of ticketing for public nuisance offences has found issuing a fine was more cost-effective and freed up both the courts and police. Legislation will be introduced into State Parliament later this year and the new ticketing regime will be rolled out from next year
1 comment:
A great blog I must say. Really enjoyed reading it
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