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Jbay76 (< 20)

February 2011



Annaly selling more shares...AGAIN!

February 15, 2011 – Comments (4) | RELATED TICKERS: NLY

For the second time this year Annaly Capital is selling another 75 million shares for what it says will go towards either "mortgage-backed securities for its investment portfolio and for general corporate purposes, which may include additional investments and repayment of short-term indebtedness."  [more]



Alexco's Mining Update

February 03, 2011 – Comments (0) | RELATED TICKERS: AXU , GLD , SIL

As if this day couldn't get better, rest assured it is and I am not even done with work yet :).  In a PR, Alexco is publishing the results of their follow-up core drilling at the Onek historical mine in Keno Hill Silver district in Canada.  The results look very nice indeed.  Some of the highlights from the last 4 holes are:  [more]



Mining Merger

February 03, 2011 – Comments (2) | RELATED TICKERS: FRG.DL2 , NEM , GLD

Newmont Mining and Fronteer Gold have enetered into an agreement whereby Newmont Mining will aqcuire Fronteer Gold and create a new company called Pilot Gold that will own certain exploration assets of Fronteer Gold for $14 CAD ($13.84 USD) and one share of the new company per share of Fronteer Gold.  There is no indication what those exploration assets will be, but  several months ago Fronteer indicated that they had found more gold in other areas of their drilling project than originally expected. This leads me to beleive that what Pilot Gold gets will prove lucrative.  Also,  Fronteer recently sold their uranium assetts to Paladin Energy Ltd several days ago.  Coincidental......I don't know.  [more]

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