YUCK,, HOWS A PIG SUPPOSED TO MAKE MONEY ON NEWS LIKE THAT ? THE PIGS GOING TO HOLD HIS FEW SHARES IN PHE.V FOR A BIT TO SEE WHAT TRANSPIRES. NOW WE KNOW WHY THE PIG HATES RUMOURS AND PREFERS THE SCANNER AND THE CHARTS. NOW HAVING SAID THAT, THERE WAS STRONG RUMOURS OF SOME EXCELLENT RESULTS TO COME OUT FOR IT, SO MAYBE THAT WILL BE TUESDAY MORNING OR SOMETIME THIS WEEK. PATIENCE , PIG, PATIENCE........
THE PIG TOOK ANOTHER SMALL POSITION IN A STOCK TODAY. APA.V IS READY TO COME OUT WITH SOME RESULTS, AND A NEW 43-101 RESERVES REPORT THAT COULD FATTEN THE PRICE SIGNIFICANTLY. THE MID DAY SCAN WAS GOOD AND THE CHART SHOWS WELL. WE WAIT AND WATCH. THERE'S STILL ROOM IF YOU WANT A BITE, BUT DON'T CHASE IT. ITS HAD A 2 DAY RUN AND ITS UP FOR DEBATE IF IT CORRECTS OFF OR CONTINUES. IF THE RESULTS NEWS IS GOOD OR THE 43-101 COMES OUT THEN ALL BETS ARE OFF AS IT MAY ROCKET WITHOUT NOTICE. A POST OF GREAT INTEREST FROM APA.V's STOCKHOUSE FORUM IS BELOW.
Here are a few points from a long time holder of this one.
First point is some posters in the past have been bashing and bashing this one, becasue they don't like managment or some such thing. Now the insiders are looking after themselves, and why shouldn't they, as they have a major find, and want to be the big benifactors of that find. They are above the average of 10% for options, having gone to 20%, but I can live with that, because what they have found is a real gem. The last issue of 2million options at .11 was at the low, and they should have waited, but like I said they are looking after themselves.
So on the positive side. When you have insiders wanting all the shares and options they can get, this is good for the other share holders. APA has three major properties, and I will just mention the one other, and that is the Lac dor, and it has 5 billion lbs of vanadium, and APA has 80% of the property, and going after the gov for the other 20%.
So while the legals are working on the other 20% of the Lac Dore, the company has now focused on the big prize, and that is the IRON T property. (not that the lac dore is not worth its billions) The resource of the iron T is right on surface, and if you look at the pictures they have washed off the overburden and what you see is the resource in long wide veins. Most of the holes they drilled looking for a quick on surface resource, so only down about 100 meters to prove up that quick resource. So they should come up with a low of 5 million tons to 15 million tons, and with the grades of vanadium, titanium, and iron ore it should be worth close to $300 to $500 a ton with bulk open pit costs of say $100 per ton. The Iron T should have a minimum of 300 million ton of ore on surface, but from the last drill holes where they went deeper, the resource may be a lot bigger.
The ore is different say than the Ausy ore, in that it can be separated real easy with a magnet system, to take out the iron, and the vanadium and leave the tittanium. They could bulk ship the iron with the vanadium, (most companies trying to strenghten the steel have to add vanadium, this would already be in the ore) and sell the titanium as a separte source or they have lots of options on what to do with the ore, that most resource companies do not have.
So if you do the math, this little $15 million market cap company is undervalued, but I have been saying that for some time, but maybe someone is going to take note with the 43101, or maybe just the drill holes that are not part of the 43101 are saying this is bigger than we thought.
JIMHO
First point is some posters in the past have been bashing and bashing this one, becasue they don't like managment or some such thing. Now the insiders are looking after themselves, and why shouldn't they, as they have a major find, and want to be the big benifactors of that find. They are above the average of 10% for options, having gone to 20%, but I can live with that, because what they have found is a real gem. The last issue of 2million options at .11 was at the low, and they should have waited, but like I said they are looking after themselves.
So on the positive side. When you have insiders wanting all the shares and options they can get, this is good for the other share holders. APA has three major properties, and I will just mention the one other, and that is the Lac dor, and it has 5 billion lbs of vanadium, and APA has 80% of the property, and going after the gov for the other 20%.
So while the legals are working on the other 20% of the Lac Dore, the company has now focused on the big prize, and that is the IRON T property. (not that the lac dore is not worth its billions) The resource of the iron T is right on surface, and if you look at the pictures they have washed off the overburden and what you see is the resource in long wide veins. Most of the holes they drilled looking for a quick on surface resource, so only down about 100 meters to prove up that quick resource. So they should come up with a low of 5 million tons to 15 million tons, and with the grades of vanadium, titanium, and iron ore it should be worth close to $300 to $500 a ton with bulk open pit costs of say $100 per ton. The Iron T should have a minimum of 300 million ton of ore on surface, but from the last drill holes where they went deeper, the resource may be a lot bigger.
The ore is different say than the Ausy ore, in that it can be separated real easy with a magnet system, to take out the iron, and the vanadium and leave the tittanium. They could bulk ship the iron with the vanadium, (most companies trying to strenghten the steel have to add vanadium, this would already be in the ore) and sell the titanium as a separte source or they have lots of options on what to do with the ore, that most resource companies do not have.
So if you do the math, this little $15 million market cap company is undervalued, but I have been saying that for some time, but maybe someone is going to take note with the 43101, or maybe just the drill holes that are not part of the 43101 are saying this is bigger than we thought.
JIMHO
APA.V.....LOOKS LIKE THE WORLD HAS AWAKENED TO THIS RARE EARTHS JUNIOR. ITS WORTH WATCHING THE PIG THINKS.
NRK.V...A PREVIOUS PIG PICK.....AND HIGH SCANNER OF THE NIGHT. BIG GAINS IN MOVING AVERAGES, NET CAPITAL AND SENTIMENT VECTORS. THE QUESTION IS WHEN TO GET IN AND IF YOUR IN WHEN IS IT GOING TO BREAK UPSIDE ? GREAT CHART AND GREAT SCANNER ON A REGULAR BASIS BUT NO MOVEMENT....YET.
TONIGHTS SCAN HAD A FEW TOO CLOSE TO CALL. SO THE PIG THOUGHT HE WOULD LIST THEM AND LET YOU PULL THE CHARTS.
ANG.V
NWM.V
SRI.V
NEV.V
PNL.V
TSX moves lower, commodities decline
28 June 2010 04:49
TORONTO - The Toronto stock market closed lower Monday as economic worries pushed commodity prices lower despite news from the G20 Summit that economically advanced countries plan to reduce their deficits.The S&P/TSX composite index dropped 100.85 points to 11,607 after the world’s most powerful leaders emerged from the G20 Summit in Toronto with an agreement to cut deficits in half by 2013 and stabilize their debt loads by 2016.
“This government debt overhang — all we did was take the massive overhang of private sector debt and transferred it to the public sector,” observed said Paul Taylor, chief investment officer at BMO Harris Private Banking.
“And now we need the public sector to deal with that in the intermediate to longer term to provide assurance to folks that we will have sufficient economic firepower to draw on should we experience another situation that is as dire as we saw 12, 18 months ago.”
The TSX Venture Exchange was down 7.41 points to 1,451.31.
The Canadian dollar ticked 0.01 of a cent higher to 96.54 cents US.
The TSX was depressed by the commodities sectors as the August crude contract on the New York Mercantile Exchange declined 61 cents to US$78.25 a barrel. Oil had rallied strongly Friday on fears that tropical storm Alex might disrupt oil production in the Gulf of Mexico. But by Monday morning, those worries had eased.
Also, the storm will likely strike well away from the area where BP is trying to stop a massive oil leak, said the U.S. National Hurricane Centre in Miami.
The energy sector was down 1.55 per cent, with Canadian Natural Resources (TSX:CNQ) down 46 cents at C$36.25 and Imperial Oil (TSX:IMO) off 59 cents at C$39.93.
A stronger U.S. dollar also put downward pressure on commodity prices and the base metals sector shed 2.63 per cent as the July copper contract on the Nymex moved down two cents to US$3.07 a pound. Teck Resources (TSX:TCK.B) fell $1.34 to C$33.68 while Lundin Mining (TSX:LUN) dropped 16 cents to $3.31.
The gold sector weakened as the August bullion contract in New York reversed direction to lose $17.60 to US$1,238.60 an ounce. Goldcorp Inc. (TSX:G) lost 36 cents to C$46.74 and Kinross Gold (TSX:K) faded 37 cents to C$18.64.
Losses in the financial sector also increased with Bank of Montreal (TSX:BMO) down 54 cents at $59.55 and Sun Life Financial (TSX:SLF) off 48 cents at $29.
The lower session came on top of a negative week that saw the TSX fall 2.1 per cent and the Dow industrials gave back 2.9 per cent as worries mounted about the strength of the economic rebound.
Investors are hoping for reassurance on the U.S. recovery this coming week from the Institute for Supply Management’s latest reading on the manufacturing sector due Thursday. And on Friday, the U.s. Labour Department releases the June non-farm payrolls report.
Economists are looking for a drop of 200,000 employees, reflecting the termination of thousands of temporary workers taken on for the U.S. census. Still, economists expect the private sector created about 50,000 jobs in June.
“We’ll reach the point by mid-2010 where at least half the stimulus spend is behind us ... so the hope is the flush balance sheets in the corporate sector start to be spent and while the fiscal stimulus wanes, the private sector steps in and this morphs from fiscal stimulus-led to organic,” added Taylor.
“And the key to all that is jobs.”
Meanwhile, the U.S. Conference Board releases its latest reading on American consumer confidence Tuesday.
New York markets were little changed amid data that showed U.S. consumer spending rose slightly in May, a sign that Americans are cautious about the economic recovery.
The U.S. Commerce Department says that consumer spending rose 0.2 per cent last month, an improvement from April’s reading of no change. Analysts had expected spending to edge up only 0.1 per cent, according to a survey by Thomson Reuters.
But much of the higher spending likely reflects greater use of electricity and other utilities. Spending on goods actually declined.
The Dow Jones industrial average was down 5.29 points to 10,138.52. The Nasdaq composite index was down 2.83 points to 2,220.65 while the S&P 500 index was 2.19 points lower to 1,074.57.
Tobacco stocks provided some lift to New York markets after the U.S. Supreme Court said it wouldn’t take up a case between the government and tobacco companies. The decision prevents the government from getting billions of dollars from makers of cigarettes for anti-smoking campaigns. Reynolds American Inc. rose $2.08 or four per cent to US$53.45.
In other corporate news, BP denied that its embattled chief executive, Tony Hayward, was resigning. Russia’s state RIA Novosti news agency had quoted a senior Russian cabinet official as saying Hayward was expected to resign. In New York, BP shares rose three cents to US$27.05.
TransAlta Corporation (TSX:TA) stepped back 13 cents to $20.32 after it announced that pipeline operator Enbridge Inc. plans to help develop Canada’s first fully integrated carbon capture and storage project at the Alberta power producer’s coal-fired plant near Edmonton. It says that the development involves retro-fitting Keephills 3, a coal-fired plant west of Edmonton that’s jointly owned by the Calgary company and its partner Capital Power Corp. Enbridge shares rose 44 cents to $49.50.
Cliffs Natural Resources has raised its offer for Spider Resources Inc. (TSXV:SPQ) to 19 cents, putting pressure on KWG Resources Inc. (TSXV:KWG), which matched a previous bid. KWG has until midnight July 6 to match the Ohio-based mining company’s offer. KWG shares were unchanged at 12 cents while Spider shares surged three cents to 19 cents on heavy volume of 21.5 million shares.
Exploration company Seafield Resources Ltd. (TSXV:SFF) saw its shares soar three cents or 15.79 per cent to 22 cents after announcing that new exploratory drilling has begun on its Miraflores project in Colombia.
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| English.news.cn 2010-06-29 05:23:52 |
CHICAGO, June 28 (Xinhua) -- Gold futures on the COMEX Division of the New York Mercantile Exchange ended much lower on Monday, pressured by the rally in U.S. dollar and profit taking. Silver and platinum both declined.
The most active gold contract for August delivery dropped 17.6 dollars, or 1.4 percent, to finish at 1,238.6 U.S. dollars.
World leaders of 20 major economies pledged to reduce deficits and debt in richer countries collectively over the weekend in Canada, and warned that the synchronized fiscal adjustment across major economies may have an adverse impact on global economy. Gold price was lifted higher earlier in the session on Monday as investor's ongoing concern over global economic recovery remained intact after the G20 summit, and the price even touched an intraday high of 1263.7 dollars per ounce.
The U.S. Department of Commerce said Monday that the personal income in May rose 0.4 percent and consumer spending eked out a 0. 2 percent gain, which was higher than the reading in April as well as economists' forecast.
The acceptable reading indicated that although the U.S. economic growth is still in its infancy, the general trends of the economic recovery as a whole are positive. Gold retreated on the news, as it downplayed the uncertainty of economy and undermined gold's appeal of safe-haven.
Meanwhile, gold lost the steam prior to the close as dollar strengthened and investors locked in profits after two consecutive session of gain for the metal.
July silver plunged 43.2 cents, or 2.3 percent, to settle at 18. 678 dollars per ounce, October platinum dipped 4.1 dollars, or 0.3 percent, to settle at 1,570.4 dollars per ounce.
The most active gold contract for August delivery dropped 17.6 dollars, or 1.4 percent, to finish at 1,238.6 U.S. dollars.
World leaders of 20 major economies pledged to reduce deficits and debt in richer countries collectively over the weekend in Canada, and warned that the synchronized fiscal adjustment across major economies may have an adverse impact on global economy. Gold price was lifted higher earlier in the session on Monday as investor's ongoing concern over global economic recovery remained intact after the G20 summit, and the price even touched an intraday high of 1263.7 dollars per ounce.
The U.S. Department of Commerce said Monday that the personal income in May rose 0.4 percent and consumer spending eked out a 0. 2 percent gain, which was higher than the reading in April as well as economists' forecast.
The acceptable reading indicated that although the U.S. economic growth is still in its infancy, the general trends of the economic recovery as a whole are positive. Gold retreated on the news, as it downplayed the uncertainty of economy and undermined gold's appeal of safe-haven.
Meanwhile, gold lost the steam prior to the close as dollar strengthened and investors locked in profits after two consecutive session of gain for the metal.
July silver plunged 43.2 cents, or 2.3 percent, to settle at 18. 678 dollars per ounce, October platinum dipped 4.1 dollars, or 0.3 percent, to settle at 1,570.4 dollars per ounce.
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