THE PIGS WEEKEND UPDATE MARCH. 06/07-2010

THE PIGS BEEN HAVING A HECK OF A WEEKEND. HE HOPES YOU HUMANS HAVE HAD A GREAT ONE TOO. THE PIG SPENT MOST OF SATURDAY TINKERING WITH THE SCANNER. THE PIG RECEIVES MANY QUESTIONS AS TO HOW IT WORKS AND HOW ITS PROGRAMMED. SO THE PIG THOUGHT AN OVERVIEW WAS IN ORDER. TO BE BLUNT, ITS JUST A MATHEMATICAL PROGRAM THAT WE FEED IN THE DAILY TRADING DATA TO AND USING THE MATHEMATICAL VARIANCES IT HAS BEEN GIVEN, IT ANALYZES THE NUMBERS. THEN IT SPITS US A REPORT THAT HAS TO BE INTERPRETED. IF WE HAVE ANY UNUSUAL SCANS, THEN WE RELOAD THAT PARTICULAR SYMBOL INTO THE MACHINE AGAIN FOR SOME SORT OF CONFIRMATION TO THE ODDITIES IN QUESTION. WHAT WE ARE TRYING TO ACCOMPLISH IS TO CATCH EARLY MOMENTUM TRADES, RIDE THEM, AND BE OUT WITH A MODEST PROFIT. THE SCIENCE IS STILL NEW TO THE PIG AND HIS ACE TECH ASSISTANT BUT ITS COMING CLEAR WHAT WE HAVE TO SET AS VARIABLES AND THAT PATIENCE IS NEEDED NO MATTER WHAT. EITHER WAY, WE ARE TRYING TO HELP YOU (AND US) TO BE BETTER TRADERS, MAKE MORE MONEY, AND LEARN....... IN THE PROCESS.

ON WITH THE SCANS....

 

GDX.V...ONE OF A GROUP OF HIGH SCANS THIS WEEKEND. NO STORY OUT YET, BUT THE PIG THINKS IT COULD BE COMING JUDGING BY THE NUMBERS PRODUCED. THINLY TRADED TILL LATE, NICE MOMENTUM AND ACCUMULATION GOING ON AS WELL. MAYBE ITS EARLY STAGES BUT.........YOU KNOW WHAT THE PRO'S DO.....

NET.V.....ANOTHER STRANGE NEW MEMBER TO THE FLOCK. PRODUCED SOME HIGH NUMBERS ALSO, AND LOOKS TO BE READY FOR A BREAKOUT PERIOD.COULD BE A MOVER IF THE MOMENTUM VECTORS ARE TO BE VALIDATED, AND THE PIG THINKS THEY SHOULD BE. NICE AREAS WITH IMPROVEMENT INCLUDE THE NET CAPITAL VECTOR, MOVING AVERAGES AND VOLUME DISTRIBUTION. COULD BE A DOUBLE NEAR TERM....

  

KRR.V....OOOOH DADDY....OK SO THE PIGS NO ACTOR......THIS PIGLET SCANNED WELL ON 8 OF 10 FRONTS. NO STORY, DECENT FLOAT OUTSTANDING, A MYSTERY TO THE PIG. BUT THE SCANNER SAYS ITS IN PLAY. NICE NET MONEY IN, INMPROVEMENT COMING IN MOVING AVGS., AND SENTIMENT INDICATORS. THE PIG SEES A DOUBLE FROM HERE WITH SOME SUBSTANCE ON THE NEWS FRONT....

ADE.V...ANOTHER OF THE BIG NUMBER GENERATORS OF THE WEEKEND. STRONG ION 7 OF 10 CATEGORIES AND SCORING HIGH IN MOMENTUM, MOVING AVERAGE AND NET CAPITAL TURNAROUNDS.........NEWS WILL MOVE THIS TO THE UPSIDE AND IF ITS GOOD NEWS...A DOUBLE IS POSSIBLE SHORT TERM.......

CFO.T.......THE PIG DID SAY HE WAS TINKERING WITH HIS SCANNER. A PARTIAL MARKET AND PARAMETER SCAN CAME UP WITH THIS PIG PICK. BIG DOLLAR VALUE BUT STUNNINGLY LOW FLOAT AND LOOKS LIKE A 20% UPSIDE IN THE MEDIUM TERM. POSSIBLY A SMALL CORRECTION FIRST HE THINKS.  KEEP AN EYE ON IT AND SEE IF THE PIGS SCANNER CAN PICK THE MEDIUM CAP STOCKS.

 

HONORABLE MENTIONS 

FROM THE WEEKEND 

SCANS...................

DDY.V AND GPM.V....SCANNED WELL BUT EXHIBITED SOME ODDBALL TRAITS. THE PIG SAYS THROW THEM ON YOUR WATCH LIST, BUT BE VERY CAREFUL HOW YOU HANDLE THEM AS HE CAN'T GET A REAL HANDLE ON THE WHATS, WHY'S AND WHEREFOR'S OF THESE TWO.............

THE PIG FOUND THIS OLD BLOG ARTICLE THAT MAY BE OF SOME INTEREST TO YOU HUMANS.....

Automated Trading Algorithms

29 November 2006

 

For the past two months I have been writing my own automated trading system. Two weeks ago I slowly started trading using manual techniques based on data generated by my software. The initial results are very good, but I am tempering down my glee because I was conservative and focused. It’s like those drugs you test to cure cancer that work in smaller trials, but fail in mass scale. My return has been about 33%, with 95% of the trades being in the money. Being the skeptic I am quite nervous about these results because they are too good to be true. Yet I see the monies in my brokerage account and think, interesting. Time will tell if my software is worth its money.
When I saw a column about automated trading systems I was interested. The column asked if trading systems will replace humans. Supposedly there are companies that can develop systems that create rules and generate about 20% return. Not a bad return, but I have funds that are doing better than that and do not use automated trading systems.
The question is if an automated trading system will replace human traders? Let’s say that Progress Apama is the best automated trading system since sliced bread. Why would a company like Progress not use it to trade themselves? This is a serious question that has to be asked. If an automated trading system can be written that generates a guaranteed income why would anybody offer it for sale? The company Progress could use it as a “money printing press” and retire. So right there one should be skeptical of anybody who offers a trading system that makes money. (For those wondering, I am not giving out my software nor the strategies used by it.)
Though there is a market for automated trading systems implying that people are interested in automated trading systems. There is a need, and the title of the HTML page from Progress Apama system says it clearly.

“Progress Apama - Monitor, Analyze, and Act on Events in Under a Millisecond”

The keywords are Act, Events, Millisecond. Humans cannot react to events under a millisecond. If you want to scalp on technical news you need an automated trading system. And Apama seems to be geared towards that market, and that I can understand. However, I would argue that Progress Apama is fighting a loosing battle. I have it from reliable sources that some traders want logic burned onto IC’s because software does not react fast enough for scalping purposes. (NOTE: I do not recommend scalping for the average trader as it seems the big trading houses have taken a bulleyes to this trading style.)
The basis of the Progress Apama software, if you listen to their on demand web casts is that you can generate rules dynamically and make complex decisions based on patterns. My opinion great, but it is not going to help you.
What I have learned from writing my own trading system is that there are no patterns. If there are patterns then they are changing and not reliable. For example one of the things I learned, and it runs counter to the opinions of many, is the need for a large history to properly back-test your trading strategy.
When I started writing my automated trading system I was frustrated that my broker Interactive Brokers provides only a year of history. Thinking that I needed more and more data I grabbed the full historical data from Yahoo. Yet that extra data is not necessary. A large history of a security is bad for your strategy.
The reason has to do with trading psychology. Let’s say that two years ago there was a pattern to buy. Traders will see the pattern and to make “real money” do the inverse and sell. As more and more traders see the pattern there will be more and more sellers invalidating the pattern. The signal of the pattern changes and your software will not know whether to buy or sell. Let’s put it to the brutal test. Would you want to use trading strategies from the pre-Internet bubble? NOT LIKELY!
This pattern inversion is why the markets are random walks. There are moments of markets inefficiency, but it is very hard to predict those moments. This is why some human traders are so good as they can sense these inefficiencies and know what action to take. To figure out the market many software products and automated trading systems attempt to cross-reference and correlate other information in the hopes of finding a pattern. Yet that extra information is useless because if that extra information establishes a pattern it will be exploited and thus loose its relevance. Patterns are a loosing battle!
When I initially read the book “Technical Analysis and the Financial Market” I learned the following fundamental rules.

1. Market action discounts everything
2. Prices move in trends.
3. History repeats itself.

The first rule throws the relevance of extra information from additional data streams out the window. The first rule says that market action is a collective of all informations, and thus any other extra information is not going to help you. At first when I thought about this rule I thought it ain’t so. But in fact it is so, and my automated trading system illustrated it to me.
The second rule is one that we are all aware of and relates to the fact that once a trend has established itself it will keep going. The second rule is the basis of trend trading and I have no argument with this rule.
The third rule is that history repeats itself. I completely agree, but would be defeating my own argument and imply that companies like Progress Apama are correct. What I learned from my software is that history repeats itself, but how history plays out is different. Anybody who trades or invests will probably once or twice have said, “Hey this company is good so why are the stocks falling?”
What I have learned is that trading involves the combination of random walks, and technical analysis. The problem with combining these two strategies is that they are contradictory. Combining the two theories I am saying you can analyse a random event. Using the extreme case of lotteries it means I can predict what numbers are going to be drawn and as we all know that is impossible.
It is possible to combine the two and my software illustrates how it can be done by analysing the recent DELL earnings. Consider the following snapshot of the DELL analysis before and after the earnings. For reference purposes based on my trading software I implemented a strategy and made 50% overnight returns.

Until 21.11.2006 my software was saying the trading sentiment was negative. The first two columns after the date column are the feelings of traders, where in the short term some were undecided, and long term they were negative. The next two columns represent the short and long term actions of the traders which were negative. Moving along and skipping the numbers look at the number 23.36, which is a volatility number. In my trading system anything above 20 is very very high meaning that the stock could go in either direction.
What my data was telling me is that the traders were negative and undecided. How do you trade this situation? If you attempt to associate a pattern from a book like “Encyclopedia of Chart Patterns” with the situation then you will either be very right or very wrong. And if you are sure of the very right situation then you are probably doing insider trading. The only logical answer is that at this point the market is a random walk.
Longer term chart technicians would have had a bullish position on DELL since the trend was positive as illustrated by the following snapshot.

I agree the trend is bullish, but the earnings could have gone either way.
For example, AAPL was on a downward trend until July 2006, and then AAPL switched directions.
I am making the case for trend following when the stocks illustrate trend characteristics, but looking at GOOG since 2006 it has been doing a sideways push. You could have followed the shorter term trends, but then comes the question what is the appropriate trend length to follow?
The answer is you don’t know what the appropriate trend length is because the market is a random walk. Trend following does attempt to define boundaries of when to buy and sell. Yet even trend following has its problems. This goes back to my thinking that if there are patterns where traders make money, other traders will do the inverse and punish you for it.
From the books “Technical Analysis of the Financial Markets”, “Technical Analysis and the Active Trader”, “Trading for a Living”, and “Investments” and trading I am learning that the market;

• discounts everything,
• there are trends,
• markets are random walks,
• risk calculations are essential,
• its not about software, but about the strategy.

When I troll the Interactive Broker bulletin boards many ask about automated trading systems. And the most common answer is, “first focus on the strategy, then on the software.” And guess what, they are right. Software is a tool to help you slice and dice the data, but it cannot trade for you. As a tip I recommend reading the books I mentioned because they are very insightful and interesting.

THE PIG SAYS.....

CATCH ME ON THE WEEKEND FOR THE WEEKEND UPDATE AND A FEW NEWS ITEMS OF INTEREST................HAVE A GREAT WEEKEND HUMANS !

Allana Potash Corp. Attends PDAC at Booth 2800 


TORONTO, ONTARIO--(Marketwire - March 5, 2010) - Allana Potash Corp. (TSX VENTURE:AAA) ("Allana" or the "Company"), is pleased to announce that it will be attending the PDAC Convention at the Investor Exchange, Booth 2800. Allana encourages its shareholders and all interested parties to come by the booth and discuss Allana s potash project in Ethiopia with its senior management.


Exhibition Hours:                                   
------------------                                  
                                                    
Sunday             Mar. 7       10:00 am - 5:30 pm  
Monday             Mar. 8       10:00 am - 5:30 pm  
Tuesday            Mar. 9       10:00 am - 5:30 pm  
Wednesday          Mar. 10      9:00 am - 12:00 noon
                                                    
Location:                                           
------------------                                  
                                                    
Allana Potash Corp. - Booth 2800                    
Metro Toronto Convention Centre-South Building      
800 Level                                           




About Allana Potash Corp.


Allana is a publicly traded corporation with a focus on the acquisition and development of potash assets internationally with its major focus on a previously explored potash property in Ethiopia with NI 43-101- compliant Inferred Mineral Resource of over 100 million tonnes of potash mineralization (Sylvite and Kainite) with a composite grade of 20.8 % KCl (see News Release Sept. 17, 2008). Allana has approximately 98.1 million shares outstanding and trades on the TSX-Venture exchange under the symbol "AAA".


Peter J. MacLean, Ph.D., P. Geo., Allana s Senior VP Exploration, is a Qualified Person as defined under National Instrument 43-101 and has reviewed and approved the technical information presented in this release.


Forward-Looking Statement


Except for statements of historical fact relating to the Company, certain information contained herein constitutes "forward-looking information  under Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to the effect and estimated timeline of the road re-construction and drill program on the Company, the receipt of all required regulatory approvals, estimated production, the estimation of mineral reserves and mineral resources; the realization of mineral reserve estimates; the timing and amount of estimated future production; costs of production; capital expenditures; success of exploration activities; permitting time lines and permitting, mining or processing issues; government regulation of mining operations; environmental risks; unanticipated reclamation expenses; title disputes or claims; litigation liabilities; limitations on insurance coverage and the effect of terminating the investor relations contract. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements or forward-looking information. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward - looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. The Company does not undertake to update any forward-looking statements or forward-looking information that are incorporated by reference herein, except in accordance with applicable securities laws.



FOR FURTHER INFORMATION PLEASE CONTACT:

Allana Potash Corp.
Farhad Abasov
President and CEO
+1-416-309-2691

fabasov@allanapotash.com

Otis Gold Corp: OOO-La-La

A Monday Morning Musing from Mickey the Mercenary Geologist

Contact@MercenaryGeologist.com
March 8, 2010

I hoofed the kilometer from my hotel to one of the best steakhouses in Toronto’s financial district. I told
the greeter who I was and who I was meeting. She said I was the first of the party to arrive, not surprising
since I was 10 minutes early, so I did the usual: Went to the bar and ordered a drink.
The meeting was set up by someone who I did not know with two guys I had never met. I usually don’t
take these meetings sight unseen. But the company has an investor and part time IR guy who is one of my
subscribers. He contacted me via email and phone with a compelling story and their board has a director
who I know and respect as a geologist and businessman. So I did a little due dili, my three key criteria
were positive, and it convinced me that this particular issuer might be undervalued and worth a look-see.
Besides, I didn’t have a date that night and it was an opportunity to eat a good steak, drink a nice bottle of
red wine, and get to know a couple of interesting players in our business. Plus they were footing the bill,
so why not?
But I digress. Fifteen minutes later I ordered another drink and called the company rep in Calgary. He
said the two gentlemen I was meeting should be there any minute. Another 15 minutes went by so I
ordered a third drink. It was now 8 o’clock and I was starting to wonder what was up and whether I
should just walk back to the hotel and order room service.
Then I heard a guy on his cell phone at the opposite end of the bar say: “Yeah we got here early, we’ve
been here for 45 minutes, and he still hasn’t shown up.”
So I got up from the stool, walked 20 feet to the other end of the bar and introduced myself to the two
gentlemen. We had been looking at each other for at least 40 minutes. The clueless greeter had thrown us
a roundhouse curve ball and we had all swung and missed.
From that auspicious beginning, I had an interesting discussion over a very nice dinner with Craig
Lindsay, the CEO/President and Mike Belantis, the director of corporate development for a Vancouver
junior called Otis Gold Corp. It has a cool stock symbol: OOO.V: Hard to forget that.
Let’s take a detailed look at Otis Gold (OOO.V) with share structure first:
Otis Gold was listed as a capital pool company in late November 2007 and completed its qualifying
transaction in mid July 2008. It has 26.4 million shares outstanding and 33.4 million fully diluted. The
total includes 1.5 million in options to insiders with prices from 20 to 50 cents and expiries up to October
2014. Out-of-the-money warrants include 1.8 million at 90 cents that expire in July 2010 and 3.7 million
that can be exercised at 90 cents prior to November 2010 or at $1.25 prior to November 2011.
Management, family, and friends control about 21% of the stock and institutions in North America and
Europe own about 23%. The public stock float is estimated at 56% or about 15 million shares.
The company has good liquidity with recent volume of about 400,000 shares per week. Its 52 week
high/low is 83 to 23 cents, the 30 day is 63 to 47 cents, and it is currently trading in the high 40 to low 50
cent range. Market capitalization is about $13 million and current working capital is $4.0 million. The
corporate burn rate is low at a little over $50,000 per month.
Here’s the two year chart:
Otis Gold Corp’s stock rose in price after the qualifying transaction was announced in April 2008. Like
all its kin, the company was brutalized during the global financial crisis from early July until year-end
2008. It was generally on the uptick on low volumes until early March 2009 and then flattened and
backed off last spring.
A financing at 25 cents was announced in early May 2009 and was followed by a rising share price.
Drilling began in mid-summer and the financing was closed. Positive drill results in early October
triggered a forced conversion of warrants and was concurrent with another financing at 65 cents in late
October. Subsequently the price was driven down over the course of the next month to 50 cents on high
volumes as the 25c private placement became free trading. Since that time Otis Gold’s price has been flat
except for short spikes in mid December and early February when positive exploration results were
released. It trades in the high 40 to mid 50 cent range.
As mentioned above, a representative of Otis Gold pursued me. This is not an uncommon occurrence and
I summarily reject the vast majority of these unsolicited contacts. In this case, I was attracted to the
company’s story because of its flagship project, the Kilgore deposit that was drilled previously by
Pegasus Gold, Placer Dome, and Echo Bay Mines in the 1980s and ‘90s. The Echo Bay exploration
program was under the direction of VP Don Ranta who I have known for a few years thru his
involvement with two other meritorious juniors that I hold and cover, Animas Resources and Rare
Element Resources.
Don is a Director of Otis Gold and is the geologist-businessman mentioned in the introduction. Other
principals include CEO Craig Lindsay, a financier and investment banker with success in the junior
sector, Director John Carden, Echo Bay’s former US Exploration Director, CFO Bob Nowell, and
Directors Norm Eloyfson and Sean Mitchell, both financiers.
The technical team includes the aforementioned Carden, Chief Geologist Mitch Bernardi, and Senior
Geologist Larry Pancoast; all previously worked on the Kilgore project for Echo Bay and have 30+ years
exploration experience.
Clearly the people involved with OOO meet my expectations for a junior resource company.
Otis is a junior resource company focusing on precious metals projects in Idaho and Nevada. It currently
has five projects in Idaho, including two with 43-101 qualified resources, and one in northern Nevada.
The two resource projects include:
• Kilgore located in east-central Idaho with 7.0 million tonnes of 1.06 g/t Au or 218,000 indicated
ounces and 9.7 million tonnes of 0.96 g/t Au or 269,000 inferred ounces of gold resources.
• Oakley located in south-central Idaho with a 14.4 million tonne resource grading 0.55 g/t Au
giving 235,000 inferred ounces of gold.
The Kilgore Project is the company’s main focus. OOO has a 75 % earn-in joint venture with Bayswater
Uranium for $200,000, 3.5 million shares, $3 million in exploration over five years, and delivery of a prefeasibility
study.
The project comprises 162 mining claims covering 1300 ha and is located in sparsely populated Clark
County, Idaho at about 2200 m elevation in gentle to moderate forested terrain.
Kilgore is a low sulfidation, epithermal hot springs deposit situated on the north margin of the Snake
River Plain. Host rocks are volcanic tuffs and older sedimentary rocks along a ring-fracture zone of the
Kilgore caldera. NE and NW structures control alteration and mineralization.
The deposit consists of high-grade bonanza veins surrounded by lower grade fracture and disseminated
mineralization. Gold is associated with silicification, adularia, tourmaline, and minor polymetallic
sulfides. There are two main targets: Mine Ridge, which hosts the current resource, and Dog Bone Ridge,
which has significant gold intercepts and geophysical anomalies below hot springs sinters.
Mine Ridge has a 487,000 oz indicated and inferred gold resource and potential to expand bulk tonnage
mineralization via infill drilling and step-outs to the west, northwest, south, and down dip. OOO’s 4200 m
of drilling in 2008 and 2009 concentrated on high grade structural targets that were largely ignored by
previous operators. Results defined significant intervals with grades much higher than the qualified
resources with an average grade of about 1.0 g/t Au. The best intercepts at Mine Ridge include the
following widths and grades:
Width (m) Grade (g/t Au)
27.4 37.0
6.1 54.7
7.7 7.4
22.9 7.6
13.7 11.4
8.3 13.0
7.6 19.1
These drill intercepts are important because they indicate wide zones of high grade gold exist at Kilgore.
There could be a high grade core to the deposit and possibly a starter pit to accelerate payback of capital
costs if a mining operation proves economically viable. However, that’s pure speculation at this juncture,
and let’s not get ahead of ourselves.
Preliminary metallurgical column tests at Mine Ridge by Echo Bay indicated good gold recoveries
including 95% in oxidized material, 81% in mixed, and 64% in sulfide mineralization. These historic
results are certainly encouraging and additional metallurgical testing is on-going.
Dog Bone Ridge is a blind target with historic drilling indicating strong gold mineralization beneath
cover:
Otis Gold’s cross-section model for Dog Bone Ridge mineralization is shown below:
A recently completed CSMAT geophysical survey at Dog Bone Ridge defined low resistivity clay
alteration haloes surrounding highly resistant “knots” of silicification. Some of these high resistivity
anomalies were confirmed by previous drilling to host high grade gold intercepts (see plan map above).
Let me explain the significance: Low sulfidation epithermal systems commonly consist of high grade
gold-bearing veins surrounded by broad argillic (geology-speak for “clay mineral”) zones. Based on this
model, the Dog Bone is a high priority target to host a deposit similar to Mine Ridge.
Otis’ 2010 exploration and development program at Kilgore has a $2.5 million budget and consists of the
following:
• Bench scale metallurgical column tests on Mine Ridge mineralization, already in progress.
• 7000-8000 m of core and reverse circulation drilling begining in June 2010.
• Resource delineation at Mine Ridge and scout holes on Dog Bone Ridge targets.
• Commencement of a pre-feasibility study on the Mine Ridge deposit in mid Q3.
OOO’s Oakley Project is located in Cassia County, Idaho, approximately 25 km south of the town and
immediately north of the Utah-Nevada border. It comprises 107 claims and Utah state leases totaling 1400
ha. Oakley is an epithermal hot spring gold project with two target areas: Blue Hill Creek and Cold Creek.
The Blue Hill Creek target has a 43-101 inferred resource of 235,000 ounces and is open along strike and
down dip. It was discovered by Meridian Minerals in 1985 and has 3450 m of reverse circulation drilling
in 26 holes by Meridian, WestGold, and Latitude Minerals. Otis can acquire 100% of the property for six
million shares and $400,000 over five years.
Alteration is hosted by silica sinter, epiclastic sedimentary, and tuffaceous volcanic rocks. Gold
mineralization is associated with disseminated pyrite and quartz veining. A zone 1000 m long and up to
300 m wide contains surface values up to 2 g/t Au and is controlled by N- and NE-trending high angle
structures. Post-mineral faulting has displaced and buried mineralized sections to the northwest; some of
these have not been drill tested.
Twenty-two drill holes encountered extensive zones of silicification and gold mineralization, with ten
holes bottoming in rock containing in excess of 0.3 g/t Au. Historic intercepts include 30 m of 1.0 g/t, 120
m of 0.58 g/t, 79 m of 0.82 g/t, and 30 m of 0.79 g/t Au. Otis Gold currently has five target areas that
warrant drilling.
The Cold Creek target is located four km north of Blue Hill Creek and has an 85,000 oz historic gold
resource. It too was discovered by Meridian and is in the same geological setting. The gold zone is at least
1500 m long, up to 600 m wide, and contains surface values up to 2 g/t Au.
Thirty-eight reverse circulation holes totaling 2800 m by Meridian and WestGold partially tested the
target. Fifteen encountered zones of silicification with significant intercepts of near-surface mineralization
greater than 0.6 g/t Au. Intercepts include 9 m of 2.2 g/t, , 12 m of 1.6 g/t, 45 m of 0.68 g/t, and 78 m of
0.48 g/t Au.
Exploration potential and prospects for resource expansion are considered good by OOO geologists.
Otis Gold follows the prospect generator model which analysts, newsletter writers, and smart investors
love. And in OOO’s case, it has a flagship project to boot. So the corporate plan is to focus exploration
dollars on the Kilgore project. The Oakley advanced exploration project and three other precious metals
projects in Idaho and one in Nevada are available for joint venture:
With its current 43-101 qualified resources, Otis Gold Corp has the right to earn 75% of 218,000
indicated ounces gold, or 163,000 ounces, 75% of 269,000 inferred ounces gold or 202,000 oz, and 100%
of 235,000 ounces gold. The present total 43-101 gold budget attributed to OOO is 600,000 ounces. With
a market capitalization of $13 million, the market is currently valuing Otis Gold’s qualified resources at
less than $22 per ounce. Industry wide peer comparisons for pre-production, in-the-ground gold ounces
are currently about $85.
My conservative valuation does not account for historic resources that are not yet qualified and the strong
exploration potential of its flagship project, the joint venture value of other projects, or the current
working capital.
I must therefore conclude that Otis Gold is severely undervalued at its recent closing price of 50 cents.
Otis Gold will go to the market within the next few months for a major financing. Possible catalysts that
can move the stock price in the near term include results of four pending drill holes from last fall’s
program at Kilgore and metallurgical test results. I expect both to be positive.
OOO is a junior resource explorer with attendant high risks in the potentially high reward junior resource
sector:
• Gold is where you find it. Although the geological potential is high for Kilgore, the drill
will determine if exploration finds more contained ounces in the ground or goes bust.
• Although preliminary results were favorable, additional metallurgical testing is required
to determine gold recoveries in oxide, mixed, and sulfide mineralization.
• The above two factors, the price of gold, and general market conditions will determine if
Otis can raise a substantial sum in its next financing with minimal dilution and monetize
non-core assets by vending to joint venture partners.
• Geopolitical risk is always a concern in the forested mountains of the western United
States. Permitting timelines, environmental opposition, and development schedules are
difficult to predict. There have been no open pit gold mines permitted in Idaho for over
20 years.
Folks, you know I put my Mercenary money where my mouth is. I am a shareholder of Otis Gold Corp at
an overall cost basis slightly higher than its current price. I have a vested interest in a higher stock price
for the company.
You also know I only tell you what I have bought and not what or when I am going to buy or sell. I do not
give investment advice.
For those readers new to my work, I wrote a musing detailing my investing philosophy and trading
methodology in a bull market not long after launching my website (Mercenary Musing, May 19, 2008).
As such, I think OOO has a strong chance of doubling within 12 months.
I will not tell you anymore than that. After all, this musing and all my writings and interviews are free for
the public to read, hear, or see.
If you find the company intriguing, I encourage you to research it further and decide if it meets your
individual criteria for speculation.
Otis Gold Corp: OOO-La-La.
P.S. Thanks, Peter, I owe you one.
Ciao for now,
Mickey Fulp
Mercenary Geologist
The Mercenary Geologist Michael S. “Mickey” Fulp is a Certified Professional Geologist with a
B.Sc. Earth Sciences with honor from the University of Tulsa, and M.Sc. Geology from the University of
New Mexico. Mickey has 30 years experience as an exploration geologist searching for economic
deposits of base and precious metals, industrial minerals, uranium, coal, oil and gas, and water in North
and South America, Europe, and Asia.
Mickey has worked for junior explorers, major mining companies, private companies, and investors as a
consulting economic geologist for the past 22 years, specializing in geological mapping, property
evaluation, and business development. In addition to Mickey’s professional credentials and experience,
he is high-altitude proficient, and is bilingual in English and Spanish. From 2003 to 2006, he made four
outcrop ore discoveries in Peru, Nevada, Chile, and British Columbia.
Mickey is well-known throughout the mining and exploration community due to his ongoing work as an
analyst, newsletter writer, and speaker.
Contact: Contact@MercenaryGeologist.com
Disclaimer: I am a shareholder of Otis Gold Corp and it is a paying sponsor of my website. I am not a
certified financial analyst, broker, or professional qualified to offer investment advice. Nothing in a
report, commentary, this website, interview, and other content constitutes or can be construed as
investment advice or an offer or solicitation to buy or sell stock. Information is obtained from research of
public documents and content available on the company’s website, regulatory filings, various stock
exchange websites, and stock information services, through discussions with company representatives,
agents, other professionals and investors, and field visits. While the information is believed to be accurate
and reliable, it is not guaranteed or implied to be so. The information may not be complete or correct; it is
provided in good faith but without any legal responsibility or obligation to provide future updates. I
accept no responsibility, or assume any liability, whatsoever, for any direct, indirect or consequential loss
arising from the use of the information. The information contained in a report, commentary, this website,
interview, and other content is subject to change without notice, may become outdated, and will not be
updated. A report, commentary, this website, interview, and other content reflect my personal opinions
and views and nothing more. All content of this website is subject to international copyright protection
and no part or portion of this website, report, commentary, interview, and other content may be altered,
reproduced, copied, emailed, faxed, or distributed in any form without the express written consent of
Michael S. (Mickey) Fulp, Mercenary Geologist.
Copyright © 2010 Mercenary Geologist. All Rights Reserved. 

THE PIGS THURSDAY NIGHT PORK PICKS

THE PIGS DAY WAS A FULL ONE. THE FARMER HAD THE PLUMBER IN TO FIX THE WATER SERVICE TO THE BARN SO THAT ALL OF US ANIMALS COULD DRINK NICE AND CLEAN WATER. THE PIG LIKES A CLEAN DRINK AND THICK MEAL TO HELP HIM THROUGH THE DAY, AND BEING A PIG IS A STRESSFUL EXISTENCE ! THE PIG HOPES YOUR DAYS ARE FILLED WITH TROUBLE FREE, STRESS FREE, SMOOTH MILEAGE. IT MAKES FOR A LONG LIFE. SPEAKING OF SMOOTH MILEAGE.......SHALL WE SEE WHAT THE SCANNER COOKED UP TONIGHT ?

ON WITH THE SHOW......

MNV.V.....BIG SCANNER OF NIGHT, BEEN IN THE TOP TEN FOR ABOUT THE LAST 12 TRADING DAYS AND APPEARS TO BE GIVING THE BREAKOUT SIGNAL. DECENT FLOAT AND LIQUIDITY, THE PIGS NOT SURE OF ANY STORY IN DEVELOPMENT, BUT SOMETHING MUST BE THIS THINGS HOTTER THAN WILLIE AND THE HAND JIVE........

BBS.V...SECOND BIG NUMBER CRUNCHER OF THE NIGHT. BEEN IN THE TOP 20 FOR SOMETIME IN MOST VECTORS.JUST MOVED INTO THE TOP TEN LAST WEEK AND NOW SCANS NUMBER TWO. BIG SHOWINGS IN MOMENTUM, MOVING AVERAGES AND IMPROVEMENTS TO NET CAPITAL INFLOWS...THE PIG SAYS WHEN THIS THING MOVES ITS GOT TRIPLE ALL OVER IT....WATCH THE LIQUIDITY.

IBC.V...SOMETIMES THE SCANNER BRINGS FORTH ODDBALL SITUATIONS THAT ARE HARD TO ANALYZE, HARD TO ASSESS AND HARD TO RESIST. THIS PIGGY IS OUR THIRD OF THE NIGHT IN NUMBER SIZE. ITS SCANNED WELL IN 7 OF 10 AREAS, BUT ITS STILL A MYSTERY TO THE PIG. JUDGE IT ACCORDINGLY...ITS GOT LOWER SHARES OUT AND A PROPERTY OF SOME SORT IN RARE EARTHS..........TO CLOSE FOR THE PIG TO CALL...BUT LETS WATCH IT ANYWAY AND SEE IF IT GETS SOME LIQUIDITY AND INTEREST....

 

The Canadian century?

by Nathan Vardi, Forbes.com
Tuesday, February 16, 2010provided by

In 1904 Canadian Prime Minister Wilfred Laurier made this prediction: "The 19th century was the century of the United States. I think we can claim that it is Canada that shall fill the 20th century."

Maybe Laurier was just a man 100 years before his time. As the world assembles in Vancouver for the Winter Olympics, the 21st century is shaping up great for Canada.

For starters, Canada has avoided many of the problems that currently bedevil the U.S.—mountains of public debt, a banking system in crisis, the housing debacle and a weakened currency.

Canada's banking system, essentially made up of the Royal Bank of Canada and four other big banks, remained strong during the global credit crisis. With no bailouts, it is the soundest system in the world, marked by a steady and responsible continuation of lending and profits. "Canada has shown itself to be a pretty good manager of the financial system," U.S. President Barack Obama said amid the financial crisis. Was that a touch of envy in his voice?

And it is not just banks that have remained solvent. Canada, with its relatively small population of 34 million, has the lowest debt burden of any G8 country and less than half the per capita debt burden of the U.S.

Bill Gross, who runs Pimco, one of the world's biggest bond managers, recently said that he thinks Canada is the best bet for investment among developed nations. "It moved toward and stayed closer to fiscal balance than any other country," said Gross.

In addition, the Canadian economy, the world's 10th biggest, is endowed with natural resources increasingly valuable in this century—like potash and uranium. New technologies allow for the vast development of the Athabasca tar sands in Alberta, helping make Canada's oil reserves the world's second largest. Yes, there are environmental implications, but Canada is now the biggest supplier of crude oil to the U.S., a lucrative—and enviable—position for any country.

Even global warming seems to be playing in Canada's favor. Melting Arctic ice poses serious concerns globally, but it has also opened northern sea lanes for the first time, as well as the opportunity to search for new natural resource deposits.

The result of this mix of fortune and fiscal prudence: a relatively strong Canadian currency. The loonie has soared against the hobbled U.S. dollar so far this century. That strength has been a problem for Canadian exporters to the U.S., but it is also a source of national pride—and relief—as Canadians watch the financial flailing of their neighbors to the south.

The world is taking note. Canada just hosted the G7 finance meeting way up north in Nunavut and will host both the G8 and G20 conferences later this year. Most important, Canada has welcomed the world to the Winter Olympics in Vancouver and is showing off its accomplishments. Laurier would be thrilled. But not surprised.

Go to Forbes.com to view the slideshow

In Depth: 10 Reasons Canada Is Cheering

Gene Simmons, Venture Capitalist

By Paul Kedrosky · Saturday, March 4, 2006 · ShareThis

A week or so ago I said that sometime Kiss frontman (and bete noir of NPR's Terry Gross) Gene Simmons  was an advisor to a California venture capital firm, but I didn't name the fund. Well, the L.A. Times has released me from my vow of secrecy, divulging (in a long-ish profile) that Simmons is an advisor to L.A.-based ITU Ventures:

Simmons and [partner Richard] Abramson started working last year as advisors to ITU Ventures, a Century City-based venture capital firm. ITU Managing Partner Chad Brownstein, a longtime KISS fan, said he was watching "Gene Simmons' Rock School" late one night when he realized that the prolific marketer could help analyze potential entertainment investments for the firm.

Yo, Roger, you want real elevation from a rocker? Check out Gene's platform boots.

THE PIGS WEDNESDAY NIGHT WONDERS

ANY OF YOU HUMANS CATCH THAT NEWS FROM ALLANA....AAA.V.... TODAY ? SEEMS THEIR PP IS A TAD OVERSUBSCRIBED SO THEY MADE IT BIGGER TO ACCOMODATE......THAT  TELL YOU ANYTHING ? 

IT TELLS THE PIG THIS......WITH AN EXCELLENT MANAGEMENT TEAM, A PROPERTY OF HISTORIC POTENTIAL, A REASONABLE FLOAT, A POTENTIAL BUYOUT FROM THE LARGEST MINER IN THE WORLD....ETC ETC. THAT THIS STOCK IS FOR REAL. THE PIG THINKS $3 BY FALL...... OR MAYBE MORE.......AND IF A BUYOUT IS SOONER.

ON WITH THE SCANS.....


RLL.V...BIG NUMBERS ON THE NIGHT. ANOTHER INVOLVEMENT WITH PINETREE CAPITAL AND SOME DECENT FLOAT NUMBERS AS WELL. THE BIG THING HERE WAS THE MOMENTUM AND DISTRIBUTION VECTORS WERE OFF SCALE ON THE PIGS SCANNER. WHATS UP ? WE WISH WE KNEW........FOR NOW KEEP AN EYE OUT THIS ONE MAY HAVE SOME EXPLOSIVE UPSIDE....

APM.V...ANOTHER SERIOUS PRODUCER OF NUMBERS TONIGHT. A TAD SCARY ON THE SHARES OUT BUT NONETHELESS IT SCANNED VERY STRONG. 8 OF 10 SECTORS INCLUDING THE MOVING AVERAGES AND RSI VECTORS. SO THE PIG FIGURES SOMETHINGS UP. BIG MOVE TODAY, AND IT MAY HAVE SOME LEGS LEFT IN IT. THE PIG SAYS MAY BE A FUN DAY OR TWO TRADE. OR IF LIQUIDITY AND SCANS CONTINUE STRONG THEN WHO KNOWS HOW HIGH OR FAR......KEEP AN EYE OUT. THE NUMBERS SAY BUY AND THAT ITS GOING TO MOVE HIGHER. USE CAUTION.....

MOR.V....A PAST PIG PICK THAT'S BEEN UNDER LARGE ACCUMULATION SINCE THAT FIRST RECCO. LARGE NET CAPITAL RATINGS, MOMENTUM CHANGES AND DISTRIBUTION HAVE THIS PIGLET SCANNING HIGH IN 8 OF 10 SECTORS...........THE PIG SAYS ANY DECENT NEWS AND SHE COULD MOVE FASTER THAN OPRAH AT A BUFFET TABLE. ITS BEING COLLECTED FOR A REASON MAYBE A GOOD TRADE FOR NEWS. THE PIG HAS NO IDEA WHEN THAT IS, BUT IT MAY BE SOONER THAN LATER  

Allana Potash Announces Upsizing of Private Placement 

 




TORONTO, ONTARIO--(Marketwire - March 3, 2010) - 


NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRES


Allana Potash Corp. (TSX VENTURE:AAA) ("Allana" or "the Company"), is pleased to announce that in order to satisfy additional demand it has increased the size of its private placement, previously announced on March 2, 2010 (the "Offering"), to 14,442,500 units of the company (the "Units") at a price of $0.40 per Unit for gross proceeds of $5,777,000, on a private placement basis. Each Unit shall consist of one common share of the Company (a "Common Share") and one-half of one Common Share purchase warrant of the Company (each whole warrant, a "Warrant"). Each Warrant will be exercisable to purchase one Common Share of the Company for a period of 18 months from issuance at a price of $0.50.


The Offering is being placed by a syndicate of agents led by Wellington West Capital Markets Inc. and Dundee Securities Corporation, and including Loewen, Ondaatje, McCutcheon Limited.


Closing of the Offering is anticipated to occur on or about March 23, 2010 and is subject to the receipt of applicable regulatory approvals including approval of the TSX Venture Exchange.


About Allana Potash Corp.


Allana is a publicly traded corporation with a focus on the acquisition and development of potash assets internationally with its major focus on a previously explored potash property in Ethiopia with NI 43-101-compliant Inferred Mineral Resource of over 100 million tonnes of potash mineralization (Sylvite and Kainite) with a composite grade of 20.8 % KCl (for details regarding the resource estimate, see News Release Sept. 17, 2008). Allana has approximately 98.1 million shares outstanding and trades on the TSX-Venture exchange under the symbol "AAA".


Peter J. MacLean, Ph.D., P. Geo., Allana's Senior VP Exploration, is a Qualified Person as defined under National Instrument 43-101 and has reviewed and approved the technical information presented in this release.


Forward-Looking Statement


Except for statements of historical fact relating to the Company, certain information contained herein constitutes "forward-looking information" under Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to the terms and use of proceeds of the Offering, the ability of the Company to complete the Offering, the impact of the Offering on the Company, mineral resource estimates and the assumptions and parameters underlying mineral resource estimates. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking information is based on the opinions and estimates of management as of the date such statements are made and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information that is included herein, except in accordance with applicable securities laws.



FOR FURTHER INFORMATION PLEASE CONTACT:

Allana Potash Corp.
Farhad Abasov
President and CEO
+1-416-309-2691

fabasov@allanapotash.com

THE PIGS TUESDAY NIGHT TICKLERS

THE PIG IS A PHILOSOPHICAL BEAST. YOU HAVE TO BE WHEN YOUR A PIG. TODAY THE BARN YARD HAD A VISIT BY THE VET, AND THE PIG WAS IN. A HEALTHY PIG MAKES FOR A HAPPY PIG AND A PRODUCTIVE PIG. ON TO MORE PRESSING ISSUES, LIKE THE MARKETS. SOME INTERESTING SCANS TONIGHT, INCLUDING A COUPLE OF PAST PICKS THAT APPEAR TO BE READY TO MOVE AGAIN. THE PIG STRESSES THIS IS A GAME THAT REQUIRES INFINITE PATIENCE, AND KEEN SENSES. THE PIG IS DEVELOPING THE SENSES AND THE ABILITY TO BETTER UNDERSTAND THE NUMERICAL VECTORS THAT THE PIGS SCANNER PRODUCES. ITS TRICKY SOME NIGHTS, BUT WE KEEP AT IT TO ESTABLISH A KNOWLEDGE BASE AND INFORMATION BASE TO BETTER HELP SOME OF YOU OUT THERE, AND THE PIG HIMSELF. THE PIGS ASKED QUITE OFTEN IF HE TRADES HIS PICKS. SOMETIMES BUT NOT MANY, TIME AND MONEY LIMIT THE TRADING OF EVERYONE OF THE PICKS SO THE PIG WORKS TO FIND THE BEST. THAT WAY WE CAN BOTH BENEFIT FROM PATIENCE AND FRUGALITY.

ON TO THE SCANS...............

 

MCI.V...LITHIUM PLAY BUT THAT'S ALL WE KNOW AT THIS TIME. OTHER THAN THE SMALL FACT THE SCANNER RACKED UP SOME SERIOUS NUMBERS FOR THIS PIGGY. THE PIG SAYS SHES READY TO MOVE AND .18 CENTS IS THE NEXT RESISTANCE SHOULD IT GET SOME SORT OF NR. GREAT NUMBERS AGAIN AND SOME ACCUMULATION TO BOOT............

  

NTR.V... ANOTHER NUMBER ONE OF THE NIGHT ANDCERTAINLY A GOOD ONE FOR UPSIDE.

HIGH SCORES IN VOLUME DISTRIBUTION AND MOMENTUM/CHANGEOVER THE PIG SAYS WITH MORE NEWS UP SHE GOES AND WITH LESS A SOFTENING BUT STILL A GOOD DOUBLE CANDIDATE NEAR TERM.

TGK.V...A PREVIOUS PIG PICK THAT HAS GENERATED PRE LAUNCH NUMBERS. THE PIG FIGURES WITH THESE SCANS TONIGHT THIS PIGLET IS READY TO RECEIVE SOME NEWS.  STRONG IN 8 OF 10 AREAS, A NEW SPEC CYCLE SEEMS TO BE DEVELOPING HERE. DOUBLE IN A MONTH (OR LESS) THE PIG SAYS.

THE PIGS INTERESTING SITE OF THE NIGHT........

http://www.tmxmoney.com/HttpController?GetPage=InsiderTradeMarker&Market=V&Language=en

THE PIGS WORD OF THE DAY...................

GONGOOZLER

An idle spectator.

This is one of the odder words in the English lexicon and not only because of its strange appearance. It suddenly started to become popular in Britain from about 1970 onwards, but with very little previous recorded history attached to it. It is closely linked with canal life, and even now it seems to be a word especially favoured by those who like to mess about on narrow waterways. It is said to have been a bit of canal workers’ slang, originally for a person who stood on the towpath idly watching activity. You might expect that it would date from the heyday of the canals in the early part of the nineteenth century, but it is actually only recorded from the end of that century or the early twentieth. It was given wider public notice by the late L T C Rolt, who used it in his book about canal life, Narrow Boat, in 1944. It is said to derive from a couple of words in Lincolnshire dialect: gawn and gooze, both meaning to stare or gape. However, nobody seems too clear about this.

THE PIGS MONDAY NIGHT MADNESS

THE PIG IS OUT WITH ONE OF HIS PIGLETS LATER TONIGHT FOR A HOGGEY GAME OF HIS OWN. SO THE PIG WILL HAVE TO KEEP THINGS BRIEF TONIGHT.

SOME NEWS FIRST AND THEN ON WITH THE SCANS.......

Ultra Lithium Signs Agreement to Acquire 100% Interest in Nevada Lithium Project 

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 1, 2010) - Ultra Lithium Inc. (TSX VENTURE:ULI) ("Ultra" or "the Company") is pleased to announce that it has entered into a mineral property acquisition agreement, through its wholly-owned subsidiary, Ultra Lithium (USA) Inc., to acquire a 100% interest in up to 364 placer claims (7,280 acres) strategically located in the South Big Smokey Valley, Esmeralda County, Nevada (the "Property").


South Big Smokey Valley shares a similar geology and weathering history to Clayton Valley, located 16 miles to the south. The north end of Clayton Valley hosts Chemetall Foote Corporation's Silver Peak Mine, the only lithium brine producer in the United States. Mine production comes from a lithium enriched brine located below the surface. This plant has been in production since 1967 and is designed to produce up to 1.2 million kilograms of lithium hydroxide per annum.


Commencing in the 1970's the United States Geological Survey ("USGS") carried out a series of regional reconnaissance programs including sampling and drilling in Big Smokey Valley. Gravity surveys over the region also identified various structures that may have created topography favorable for evaporite accumulation and subsequent traps, which potentially could host commercially viable mineral rich brines. A study by Price, Lechler, Lear and Giles in 2000, suggests that lithium was released into the Clayton Valley basin by the weathering of high-lithium-bearing rocks. Similar lithologies and weathering history exist in the adjacent Big Smokey Valley.

The Company's exploration of the South Big Smokey Valley claims will evaluate the potential for lithium enriched brines within this highly prospective basin.

Tony Ricci, CEO of Ultra Lithium, stated, "We are pleased with this significant acquisition of a lithium brine project in the Big Smokey Valley in Nevada. The Company is also evaluating several other acquisitions and JV opportunities."

The Property has been acquired from an arms length vendor. Acquisition costs are a total of US$150,000 and 1,500,000 shares. The Company agreed to issue an aggregate of 300,000 common shares to arm's length parties as finders' fees related to this acquisition.


This Agreement is subject to the approval of the TSX Venture Exchange.


Lithium is a component, or is used in, the production of a wide variety of products including glass, ceramics, aluminum, lubricants, pharmaceuticals, and batteries, especially those used in consumer and industrial electronics. Demand for the metal is projected to increase significantly as lithium-ion batteries are further applied to electric and hybrid-electric vehicles, particularly in light of the recent investment and significance the US government has placed on the domestic production of lithium.


Ultra Lithium Inc. is a Canadian junior mining exploration Company with a focus in lithium and rare earth metals. The Company is committed to evaluating, developing and acquiring projects with potential for high return-on-investment.


The technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 and reviewed on behalf of the Company by Mr. Ishiung J. Wu, Ph.D., a technical consultant to the Company and a qualified person.

We seek safe harbour.
ON BEHALF OF THE BOARD OF DIRECTORS,
Ultra Lithium Inc.
Tony M. Ricci, CEO and Director

FOR FURTHER INFORMATION PLEASE CONTACT:

Ultra Lithium Inc.
Tony M. Ricci
CEO and Director
(604) 669-9788
(604) 669-9768 (FAX) 

YLL.V...ONE OF THE TWO BIG NUMBER CHUCKERS OF THE NIGHT. DECENT NUMBERS ON THE CORPORATE SIDE, AND ON THE LATEST NEWS RELEASE, ALONG WITH A HIGHLY FOLLOWED NEWSLETTER WRITERS RECCO HAVE THIS PIGGY PORKING WITH PORKTENTIAL. THE SCANNER SHOWED IT HIGH IN 9 OF 10 VECTORS. MOMENTUM COMING ALONG WITH IT. THE PIGS SURE THIS ONE WILL BUST OUT, THE NUMBERS SAY SO ANYWAY.....

GDW.V....SECOND BIG PIGLET OF THE NIGHT. NO STORY, AND NO REASOIN IT SEEMS BUT THIS PIGLET SCANNED INTO THE LIMELIGHT TONIGHT. 8 OF 10 AREAS SCORED ABOVE AVERAGE NUMBERS. THE PIG HAS NO IDEA WHATS UP...............LETS KEEP AN EYE ON IT TO SEE IF IT GOES UP...........LIQUIDITY PRESENT THEN AN ACCESS POINT MAY BE CONSIDERED....IF NEWS HITS ...A CRACK MAY APPEAR FOR US PIGS...

THE PIG SAYS TO WATCH FEX.V FOR A POSSIBLE BREAK OUT ON THE UPSIDE. THE PIG HAS SPIES IN THE BARNYARD WHO TELL HIM THAT THIS IS COMING. SHOULD YOU BUY IT ? THAT'S UP TO YOU. THE PIG DOES NOT LIKE TO BUY UNLESS THE CHART AND THE SCANNER MATCH UP. THE PIG DOES NOT LIKE TO GET INTO TOO MUCH RUMOUR MONGERING OR STOCK PROMOTIONS AS ITS A DANGEROUS GAME. BUT SINCE THIS WAS LAID AT THE PIGS HOCKS, HE'S PASSING IT ON TO YOU.