in afterhours. There is now way that this stock deserves to trade under $5/shr, [more]
it got my attention. $24M increase in Fluorite Processing estimated for 2008
China Shen Zhou Mining & Resources Announces Completion of the Manufacturing Capacity Expansion Project for 300,000 Metric Tons of Fluorite Ores Extraction and 200,000 Metric Tons of Fluorite Ores Processing Annually
Friday November 30, 7:30 am ET
Company Anticipates Approximately $24 Million Increase in Fluorite Segment Revenues in 2008
BEIJING, Nov. 30 /Xinhua-PRNewswire-FirstCall/ -- China Shen Zhou Mining & Resources, Inc. (OTC Bulletin Board: CSZM - News), a leading company in the exploration, development, mining and processing of fluorite, zinc, lead, copper, and other nonferrous metals in the PRC, today announced the Company has finally completed its manufacturing capacity expansion project for 300,000 metric tons of fluorite ores extraction and 200,000 metric tons of fluorite ores processing. With the current overall manufacturing capacity, the Company anticipates an approximately $24 million increase in its fluorite segment revenues in 2008.
On November 28th 2007, a grand ribbon-cutting ceremony was held in the Sumo Chagan Aobao Fluorite Mine, located in Siziwangqi, Inner Mongolia Autonomous Region. All the Senior Management members of the Company as well as senior governmental officials from Wulanchabu City and Inner Mongolia Autonomous Region participated in the celebrating ceremony, including Mr. Chen Ruiqing, Vice Director of the Standing Committee, National People's Congress for Inner Mongolia Autonomous Region; Mr. Xue Peiming, Vice Mayor of Wulanchabu City; Mr. Xiao Wanshou, General Secretary of the Siziwangqi Administration and Mr. Jiang Fulin, General Secretary of the National Fluorite Association.
Mr. Chen Ruiqing delivered an important speech, presenting warm congratulations on the Company's great achievements and expecting the Company to develop more quickly and make more contributions for the regional economy. Jessica Yu, CEO for China Shen Zhou Mining & Resources commented, ''We are very excited to announce the completion of the manufacturing capacity expansion project in the Sumo Mine. With the new large-scale processing plant coming on line, the Company expects to increase its manufacturing capacity significantly: the extracting capacity will be expanded to 300,000 metric tons and processing capacity to 200,000 metric tons annually. We plan to extract 300,000 metric tons of fluorite ores and manufacture 120,000 metric tons of refined fluorite powder in the next year. Therefore we anticipate the fluorite segment revenues will increase by approximately $24 million in 2008.
Ms. Yu added, "We are even more committed to focusing on the expansion strategy and increasing our production capacity, facing the favorable pricing environment and the strong market demands for our fluorite products in the Chinese market. As proven in the authoritative evaluation report by SRK Consulting, the Sumo Mine has a total of 8.14 million metric tons of fluorite resources, which is believed to be the largest fluorite reserves in northern China as well as one of the top single fluorite mines with high purity and grade in Asia. In view of the abundant reserves, we have built the largest fluorite processing plant with the newest and most advanced equipments in northern China. All these advantages will contribute greatly to our profitability in the future and serve as a solid foundation for the Company's smooth and rapid development in the longer term.
Finally Ms. Yu pointed out, "Having the largest amount of fluorite reserves in China, we intend to enter the high margin, rapidly growing downstream market for fluorite chemicals in 2008. We believe the Chinese fluorite chemicals market presents a growth potential for us in the next few years. Refined fluorite powder is important and necessary raw materials for all related fluorite chemicals products. We aim to take advantage of our fluorite reserves and enhance the Company' profit margins. We are confident such initiatives will maximize shareholders' value and position the Company well for long-lasting development. All in all, as the largest fluorite extracting-and-processing company in northern China, we are determined to develop at a faster speed and gain more market share in the fluorite segment market over the next few years.
About China Shen Zhou Mining & Resources, Inc.
China Shen Zhou Mining & Resources, Inc. conducts all of its business through its subsidiary, American Federal Mining Group ("AFMG"), which, in turn, conducts its business through its Subsidiaries. The principal business of AFMG is the exploration, development, mining, and processing of fluorite, zinc, lead, copper, and other nonferrous metals in the PRC. AFMG has its principal areas of interest in the PRC: (a) fluorite exploration and extraction in the Sumochaganaobao region of Inner Mongolia Autonomous Region; and (b) zinc/copper exploration, mining and processing in Xinjiang Uygur Autonomous Region; and (c) zinc/copper/lead exploration, mining and processing in Wulatehouqi of Inner Mongolia Autonomous Region
Safe Harbor Statement
Certain of the statements made in the press release constitute forward- looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements can be identified by the use of forward- looking terminology such as "believe," "expect," "may," "will," "should," "project," "plan," "seek," "intend," or "anticipate" or the negative thereof or comparable terminology. Such statements typically involve risks and uncertainties and may include financial projections or information regarding our future plans, objectives or performance. Actual results could differ materially from the expectations reflected in such forward-looking statements as a result of a variety of factors, including the risks associated with the effect of changing economic conditions in The People's Republic of China, variations in cash flow, reliance on collaborative retail partners and on new product development, variations in new product development, risks associated with rapid technological change, and the potential of introduced or undetected flaws and defects in products, and other risk factors detailed in reports filed with the Securities and Exchange Commission from time to time.
For more information, please contact:
Senior Investor Relations Manager
China Shen Zhou Mining & Resources, Inc.
Source: China Shen Zhou Mining & Resources, Inc. [more]
Estimate is for .23 eps but its trading at $4.93 So I expect any number above .10 eps will make it rally big because its drastically oversold.
in the stocks that have been beaten down the most.
The FED is being aggressive instead of sitting back, add in the Stimulus package and you have the makings of a rebound. [more]
Wednesday January 30, 11:24 am ET
Group of E-Trade Financial Directors, Including CEO, Buys 474,707 Shares of Common Stock
NEW YORK (AP) -- A group of E-Trade Financial Corp. directors, including acting Chief Executive R. Jarrett Lilien, bought 474,707 shares of the battered online brokerage's stock on Tuesday for a total of about $1.9 million, according to filings with the Securities and Exchange Commission.
In Form 4s filed with the SEC Wednesday, 10 directors reported buying the shares for $3.98 to $4.07 apiece. The largest transaction reported was the purchase of 245,800 shares by Chairman Donald H. Layton in transactions totaling just under $1 million.
Tuesday was the first day insiders were eligible to make trades following a blackout period that preceded the release of the company's fourth-quarter financial results.
E-Trade, which forecasts a profit in 2008, said Thursday it plans to cut costs by $360 million this year and boost spending on advertising and technology. It also wants to expand its international operations. The company has said it will dispose of any businesses that don't serve retail customers.
The stock purchases signify "a lot of confidence in the turnaround plan and the future of the franchise," said Pam Erickson, senior vice president of corporate communications.
Plagued by the subprime mortgage woes rattling the economy, E-Trade was forced to sell $3 billion in mortgage debt at a $2.2 billion loss last fall.
That led to a $1.71 billion loss in the fourth quarter, which the New York-based company reported Thursday. Clients shifted more than $35 billion out of E-Trade accounts in the final two months of the year, leaving E-Trade with $190 billion.
Shares jumped 45 cents, or 10.9 percent, to $4.59 in morning trading. The stock has traded between $2.08 and $25.79 in the past 12 months. It lost nearly 60 percent of its value in a single day in November on concerns about the company's solvency.
Insiders file Form 4s with the SEC to report transactions in their companies' shares. Open market purchases and sales must be reported within two business days of the transaction. [more]
SmartMoney Fund-Managers loading the Boat w/ ETFC
BUY/SELL INFORMATION as of 1/15/08
sells: 13% buys: 87%
Total Shares of (ETFC) Bought and Sold: 8,802,496
- 30 fund managers bought a total of 7,680,482 shares.
- 21 fund managers sold a total of 1,122,014 shares. [more]
Rambus Sees $97-a-Share Victory Over Hynix in U.S. Patent Trial [more]
One of them ETFC, this stock seems to have stabilized and now trending
back up as client outflows have now stabilized as well.
Time to start buying heavily, This could be the turnaround play of the
year. Buy PUTS to cover any heavy long position as insurance.
Here is a good article to see the connection. After reading this article you will see why Fertilizers fell dramatically when oil started a big decline from $100 to $80's in early Jan. but since mid-week last week OIL has been on the rise again and so has Fertilizer.
Jun 3, 2005
Oil and food: A new security challenge
By Danielle Murray
Speaking Freely is an Asia Times Online feature that allows guest writers to have their say. Please click here if you are interested in contributing.
From farm to plate, the modern food system relies heavily on cheap oil. Threats to our oil supply are also threats to our food supply. As food undergoes more processing and travels farther, the food system consumes ever more energy each year.
The US food system uses over 10 quadrillion Btu (10,551 quadrillion Joules) of energy each year, as much as France's total annual energy consumption. Growing food accounts for only one-fifth of this. The other four-fifths is used to move, process, package, sell, and store food after it leaves the farm. Some 28% of energy used in agriculture goes to fertilizer manufacturing, 7% goes to irrigation, and 34% is consumed as diesel and gasoline by farm vehicles used to plant, till, and harvest crops. The rest goes to pesticide production, grain drying, and facility operations.
The past half-century has witnessed a tripling in world grain production - from 631 million tons in 1950 to 2,029 million tons in 2004. While 80% of the increase is due to population growth raising demand, the remainder can be attributed to more people eating higher up the food chain, increasing per capita grain consumption by 24%. New grain demand has been met primarily by raising land productivity through higher yielding crop varieties in conjunction with more oil-intensive mechanization, irrigation, and fertilizer use, rather than by expanding cropland.
Crop production now relies on fertilizers to replace soil nutrients, and therefore on the oil needed to mine, manufacture, and transport these fertilizers around the world. Rock deposits in the United States, Morocco, China, and Russia meet two-thirds of world phosphate demand, while Canada, Russia, and Belarus account for half of potash mine production. Nitrogen fertilizer production, which relies heavily on natural gas to fuel the conversion of atmospheric nitrogen into reduced forms of nitrogen such as ammonia, is much more widely dispersed.
World fertilizer use has increased dramatically since the 1950s. China is now the top consumer with use rising beyond 40 million tons in 2004. Fertilizer use has leveled off in the United States, staying near 19 million tons per year since 1984. India's use also has stabilized at around 16 million tons per year since 1998. More energy-efficient fertilizer production technology and precision monitoring of soil nutrient needs have cut the amount of energy needed to fertilize crops, but there is still more room for improvement. As oil prices increase and the price of fertilizer rises, there will be a premium on closing the nutrient cycle and replacing synthetic fertilizer with organic waste.
The use of mechanical pumps to irrigate crops has allowed farms to prosper in the middle of the desert. It also has increased farm energy use, allowed larger water withdrawals, and contributed to aquifer depletion worldwide. As water tables drop, ever more powerful pumps must be used, perpetuating and increasing the oil requirements for irrigation. More efficient irrigation systems, such as low-pressure and drip irrigation, and precision soil moisture testing could reduce agricultural water and energy needs. But in many countries, government subsidies keep water artificially cheap and readily available.
Countering the historical trend toward more energy-intensive farm mechanization has been the adoption of conservation tillage methods - leaving crop residues on the ground to minimize wind and water erosion and soil moisture loss. Soil quality is improved through this technique, while farm fuel use and irrigation needs are lowered. Zero-till farming is practiced on 90 million hectares worldwide, over half of which are in the United States and Brazil. Reduced tillage is now used on 41% of US cropland.
Although agriculture is finding ways to use less energy, the amount consumed between the farm gate and the kitchen table continues to rise. While 21% of overall food system energy is used in agricultural production, another 14% goes to food transport, 16% to processing, 7% to packaging, 4% to food retailing, 7% to restaurants and caterers, and 32% to home refrigeration and preparation.
Food today travels farther than ever, with fruits and vegetables in Western industrial countries often logging 2,500-4,000 kilometers from farm to store. Increasingly, open world markets combined with low fuel prices allow the import of fresh produce year round, regardless of season or location. But as food travels farther, energy use soars. Trucking accounts for the majority of food transport, though it is nearly 10 times more energy-intensive than moving goods by rail or barge. Refrigerated jumbo jets - 60 times more energy-intensive than sea transport - constitute a small but growing sector of food transport, helping supply northern hemisphere markets with fresh produce from places like Chile, South Africa, and New Zealand.
Processed foods now make up three-fourths of total world food sales. One pound (0.45 kilograms) of frozen fruits or vegetables requires 825 kilocalories of energy for processing and 559 kilocalories for packaging, plus energy for refrigeration during transport, at the store, and in homes. Processing a one-pound can of fruits or vegetables takes an average 261 kilocalories, and packaging adds 1,006 kilocalories, thanks to the high energy-intensity of mining and manufacturing steel. Processing breakfast cereals requires 7,125 kilocalories per pound - easily five times as much energy as is contained in the cereal itself.
Most fresh produce and minimally processed grains, legumes, and sugars require very little packaging, particularly if bought in bulk. Processed foods, on the other hand, are often individually wrapped, bagged and boxed, or similarly overpackaged. This flashy packaging requires large amounts of energy and raw materials to produce, yet almost all of it ends up in our landfills.
Food retail operations, such as supermarkets and restaurants, require massive amounts of energy for refrigeration and food preparation. The replacement of neighborhood shops by "super" stores means consumers must drive farther to buy their food and rely more heavily on refrigeration to store food between shopping trips. Due to their preference for large contracts and homogenous supply, most grocery chains are reluctant to buy from local or small farms. Instead, food is shipped from distant large-scale farms and distributors - adding again to transport, packaging, and refrigeration energy needs.
Rather than propping up fossil-fuel-intensive, long-distance food systems through oil, irrigation, and transport subsidies, governments could promote sustainable agriculture, locally grown foods, and energy-efficient transportation. Incentives to use environmentally friendly farming methods such as conservation tillage, organic fertilizer application, and integrated pest management could reduce farm energy use significantly. Rebate programs for energy-efficient appliances and machinery for homes, retail establishments, processors, and farms would cut energy use throughout the food system. Legislation to minimize unnecessary packaging and promote recycling would decrease energy use and waste going to landfills.
Direct farmer-to-consumer marketing, such as farmers' markets, bypasses centralized distribution systems, cutting out unnecessary food travel and reducing packaging needs while improving local food security. Farmers' markets are expanding across the US, growing from 1,755 markets in 1993 to 3,100 in 2002, but still represent only 0.3% of food sales.
The biggest political action individuals take each day is deciding what to buy and eat. Preferentially buying local foods that are in season can cut transport and farm energy use and can improve food safety and security. Buying fewer processed, heavily packaged, and frozen foods can cut energy use and marketing costs, and using smaller refrigerators can slash household electricity bills. Eating lower on the food chain can reduce pressure on land, water, and energy supplies.
Fossil fuel reliance may prove to be the Achilles' heel of the modern food system. Oil supply fluctuations and disruptions could send food prices soaring overnight. Competition and conflict could quickly escalate. Decoupling the food system from the oil industry is key to improving food security.
Danielle Murray is a staff researcher with Earth Policy Institute.
(Copyright 2005 Earth Policy Institute) [more]
Time to take the shorts to the cleaner.
UAP Deal Has Analysts Bullish on Agrium
posted on: December 05, 2007 | about stocks: AGU / UAPH
Agrium Inc.’s (AGU) friendly $2.65-billion takeover of agricultural retailer UAP Holdings Corp. (UAPH) is not likely to face competition from another bidder, according to Citigroup (C) analyst Brian Yu. With UAP shares closing at US$38.26 on Monday, just two cents shy of Agrium’s offer, the market seems to agree.
Valuation multiples of 12 times 2008 EV/EBITDA, or 8 times after synergies, that Agrium is paying can only be justified by a strategic buyer, Mr. Yu told clients in a note.
He said the deal should be slightly accretive in year one, and much more in subsequent years. The analyst also noted that while it raises Agrium’s leverage, management said the deal was structured to maintain an investment grade rating.
Mr. Yu continues to rate Agrium shares a “buy” with a $70 price target. It closed at $60.98 on Monday.
He said that,
Despite management’s accomplishments, investors have historically ignored retail because of little earnings leverage, but judging by the +5.4% share response, maybe investors are starting to warm-up to retail.
UBS analyst Brian MacArthur maintained his $70 price target and “buy” recommendation for Agrium, noting that a $1.25-billion equity offering (+15% share dilution) is expected to follow.
In a note,
Mr. MacArthur said, We continue to like AGU over the long-term as the company provides good exposure to various fertilizer markets with nine nitrogen plants, two phosphate plants, one potash mine and a growing retail business. While margins in the retail business can be lower, we believe this segment compliments the portfolio well as it tends to generate more consistent profits throughout the cycle. [more]
Its EPS Trend keeps going ever higher.
& buyout of QMAR by EXM , Up big are QMAR, DRYS, TBSI, & DSX
U.S. Durable Goods Orders in December Increase 5.2% (Update1)
By Bob Willis
Jan. 29 (Bloomberg) -- Orders for U.S. durable goods rose more than forecast in December, suggesting business investment is holding up even as other parts of the economy weaken.
The 5.2 percent increase was the biggest since July and follows a revised 0.5 percent gain in November that was greater than previously reported, the Commerce Department said today in Washington. Excluding transportation, demand rose 2.6 percent.
Growing orders from overseas may help prevent manufacturing from collapsing even as U.S. demand wanes, economists said. Still, slowing consumer spending argues against a prolonged factory rebound.
``We're not looking for a big decline or a big rise'' in manufacturing, Adam York, an economist at Wachovia Corp. in Charlotte, North Carolina, said before the report. ``It's kind of steady as she goes.''
Economists forecast durable goods orders would increase 1.6 percent in December, according to the median of 64 estimates in a Bloomberg News survey. Projections ranged from a 0.5 percent drop to an increase of 6 percent.
The median forecasts for durable bookings excluding transportation equipment called for a 0.1 percent increase and estimates ranged from a 1.5 percent drop to a gain of 1.1 of percent.
Other reports later today may show home prices in November posted their biggest annual decline since the S&P/Case-Shiller index was created, and consumer confidence in January fell to the lowest level in more than two years.
Bookings for non-defense capital goods excluding aircraft, a proxy for future business investment, climbed 4.4 percent, the most since March 2007. Shipments of those items, used in calculating gross domestic product, rose 2 percent, the most since March 2006.
Orders excluding defense equipment increased 2.9 percent. Orders for defense equipment jumped 81 percent, led by a surge in aircraft bookings.
The rise in total orders was led by the biggest increase in machinery bookings since December 2006, a jump in commercial aircraft and a 12 percent jump in communications gear.
Orders for transportation equipment rose 11 percent as aircraft demand climbed 12 percent.
Chicago-based Boeing Co., the world's second-biggest airplane maker, said it received 287 aircraft orders in December, up from the 177 the previous month. Much of the increase in bookings last year came from overseas.
Seven of the plane maker's 10-biggest customers whose identity was known last year were based abroad.
Faster growth outside the U.S. has led to record exports, helping American companies offset some of the slowdown in domestic demand, economists said. Shipments to overseas buyers in November set a ninth consecutive monthly record, the Commerce Department said earlier this month.
United Technologies Corp., the maker of Otis elevators, Pratt & Whitney jet engines and Sikorsky helicopters, said Jan. 23 that fourth-quarter profit rose 23 percent as it benefited from overseas demand.
``The U.S. economy has slowed,'' Jeffrey Immelt, chief executive officer of General Electric Co., told investors earlier this month. ``Housing has been tough. The consumer's feeling some strain right now, but I would remind people that unemployment is still low and there's still good opportunities for export and we see that in our own businesses.''
On Jan. 18, GE said fourth-quarter profit rose 15 percent on higher international sales of jet engines and power-plant turbines, drawing more than half its annual revenue from overseas for the first time.
The report may boost estimates for growth in the last three months of 2007. Prior to the figures, the world's largest economy was forecast to expand at a 1.2 percent annual pace in the fourth quarter, according to the median estimate of economists surveyed by Bloomberg News. The report is due from Commerce tomorrow.
Today's report did suggest consumer spending mat be slowing. Orders for appliances and motor vehicles dropped in December.
Falling home prices are undermining consumer confidence and spending power as Americans feel less wealthy and have less home equity to tap for expenditures. Automakers General Motors Corp. and Ford Motor Co. said they plan to cut North American production in the first quarter.
``The ripple effect of the housing downturn and a slowdown in motor vehicle production has caused a significant hit to the overall manufacturing economy,'' David Huether, chief economist of the National Association of Manufacturers said this week.
Manufacturing contracted in December at the fastest pace in more than four years, according to a report from the Institute for Supply Management earlier this month. A measure of orders contracted at the fastest pace since the 2001 recession.
To contact the reporter on this story: Bob Willis in Washington at email@example.com [more]
but down from $39.50 to $26 in 52 wk chart. Today should change that
Gold Resources Increase 14% at Seabridge's Noche Buena Project
Monday January 28, 8:00 am ET
Project to be Sold as Part of Plan to Divest Non-Core Assets
TORONTO, CANADA--(MARKET WIRE)--Jan 28, 2008 -- Seabridge Gold
(CDNX:SEA.V - News)(AMEX:SA - News) announced today that Resource
Modeling Inc. ("RMI") has updated its independent resource estimate
for the Company's 100% owned Noche Buena project located in Sonora,
Mexico. The updated resource estimate incorporates 33 holes
(approximately 8,000 meters) drilled by Seabridge in 2007. An updated
National Instrument 43-101 report will be filed on SEDAR within 45 days.
The Noche Buena project is located in northwestern Sonora State, about
55 kilometers from the city of Caborca and within the geological
terrain that is host to several large gold deposits, including the La
Herradura and Mesquite Mines. Seabridge Gold purchased the property in
April of 2006 at which time RMI completed a National Instrument 43-101
technical report incorporating all available historic data. In 2007,
Seabridge undertook a 33 hole reverse circulation (RC) drilling
program that was designed to expand the known gold resource at Noche
Buena by testing new targets within and adjacent to the existing deposit.
The following table summarizes RMI's updated estimate of gold
resources for Noche Buena as of January 21st, 2008 using a 0.25 gram
per tonne (g/t) gold cutoff grade:
Noche Buena Resource Estimates at 0.25 g/t Gold Cutoff Grade
Indicated Resources Inferred Resources
Tonnes Gold Gold Tonnes Gold
(000) Grade Ounces (000) Grade
26,590 0.74 633,000 18,555 0.61
Seabridge Gold President and CEO Rudi Fronk noted that "the Noche
Buena deposit has significant potential for early development as a
low-cost, heap-leach, run-of-mine operation. However, the smaller
projects in our portfolio like Noche Buena are now dwarfed by our two
core assets - the Kerr-Sulphurets-Mitchell ("KSM") project in British
Columbia and the Courageous Lake project in Canada's Northwest
Territories - where recent work has added substantial resources. In
our view, these smaller assets are no longer adequately reflected in
Seabridge's valuation and should therefore be divested in order to
optimize shareholder value. JP Morgan has been engaged to conduct a
sales process for Noche Buena on our behalf."
More than 83% of Seabridge's total gold resources are currently
contained in the KSM and Courageous Lake projects. An updated National
Instrument 43-101 resource calculation for the Mitchell zone of the
KSM project is scheduled for completion next month.
RMI has reviewed quality assurance/quality control (QA/QC) results
from Seabridge's 2007 reverse circulation drilling program and
believes that the new assay data are representative and suitable to be
used for estimating Mineral Resources.
In addition to collecting new drill hole data, Seabridge's geologic
staff relogged a significant number of previous reverse circulation
drill holes. These data in conjunction with the 2007 drill holes were
used to develop an updated geologic interpretation of the structurally
controlled mineralization at Noche Buena. Gold grade envelopes were
then constructed within the interpreted structural zones using a 0.25
g/t gold cutoff grade. The gold grade envelopes were used by RMI in
estimating Mineral Resources. High-grade outlier assays were capped
prior to creating 6-meter-long drill hole composites that were used to
estimate block grades. Inverse distance, nearest neighbour and
krigging methods were used to obtain and compare three different
The estimated block grades were classified into Indicated and Inferred
Mineral Resource categories using distance to data and number of drill
holes criteria. Indicated Mineral Resources were restricted to blocks
located inside of the gold grade envelopes.
Mineral Resources for Noche Buena are summarized below at a variety of
gold equivalent cutoff grades.
Noche Buena Resource Estimates at Different Gold Cutoff Grades
INDICATED RESOURCES INFERRED RESOURCES
Cutoff Tonnes Gold Gold Tonnes Gold Gold
(g/t) (000) Grade Ounces (000) Grade Ounces
(g/t) (000) (g/t)
0.10 27,016 0.73 634 62,637 0.29 584
0.15 26,942 0.73 632 41,405 0.38 506
0.20 26,830 0.74 638 27,439 0.48 423
0.25 26,590 0.74 633 18,555 0.61 364
0.30 25,484 0.76 623 15,454 0.68 338
0.35 23,505 0.80 605 12,455 0.76 304
0.40 20,910 0.85 571 9,950 0.86 275
0.45 18,640 0.90 539 8,376 0.94 253
0.50 16,573 0.96 512 7,208 1.02 236
RMI notes that the April 2006 Noche Buena resource was tabulated using
a 0.30 g/t cutoff grade. The lower cutoff grade used in the updated
estimate reflects current price and cost regimes. The updated resource
estimate contains 10% more Indicated and 10% more Inferred gold ounces
than the April 2006 estimate using a 0.30 g/t gold cutoff grade.
Seabridge has acquired a 100% interest in several North American gold
resource projects. For a breakdown of the Company's mineral resources
by project and resource category please visit the Company's website at
All resource estimates reported by the Company were calculated in
accordance with the Canadian National Instrument 43-101 and the
Canadian Institute of Mining and Metallurgy Classification system.
These standards differ significantly from the requirements of the U.S.
Securities and Exchange Commission. Mineral resources which are not
mineral reserves do not have demonstrated economic viability.
Statements relating to the estimated or expected future production and
operating results and costs and financial condition of Seabridge,
planned work at the Company's projects and the expected results of
such work are forward-looking statements within the meaning of the
United States Private Securities Litigation Reform Act of 1995.
Forward-looking statements are statements that are not historical
facts and are generally, but not always, identified by words such as
the following: expects, plans, anticipates, believes, intends,
estimates, projects, assumes, potential and similar expressions.
Forward-looking statements also include reference to events or
conditions that will, would, may, could or should occur. Information
concerning exploration results and mineral reserve and resource
estimates may also be deemed to be forward-looking statements, as it
constitutes a prediction of what might be found to be present when and
if a project is actually developed. These forward-looking statements
are necessarily based upon a number of estimates and assumptions that,
while considered reasonable at the time they are made, are inherently
subject to a variety of risks and uncertainties which could cause
actual events or results to differ materially from those reflected in
the forward-looking statements, including, without limitation:
uncertainties related to raising sufficient financing to fund the
planned work in a timely manner and on acceptable terms; changes in
planned work resulting from logistical, technical or other factors;
the possibility that results of work will not fulfill
projections/expectations and realize the perceived potential of the
Company's projects; uncertainties involved in the interpretation of
drilling results and other tests and the estimation of gold reserves
and resources; risk of accidents, equipment breakdowns and labour
disputes or other unanticipated difficulties or interruptions; the
possibility of environmental issues at the Company's projects; the
possibility of cost overruns or unanticipated expenses in work
programs; the need to obtain permits and comply with environmental
laws and regulations and other government requirements; fluctuations
in the price of gold and other risks and uncertainties, including
those described in the Company's Annual Information Form filed with
SEDAR in Canada (available at www.sedar.com) for the year ended
December 31, 2006 and in the Company's Form 20-F filed with the U.S.
Securities and Exchange Commission (available at www.sec.gov/edgar.shtml).
Forward-looking statements are based on the beliefs, estimates and
opinions of the Company's management or its independent professional
consultants on the date the statements are made.
ON BEHALF OF THE BOARD
Rudi Fronk, President & C.E.O.
The TSX-V Exchange has not reviewed and does not accept responsibility for
the adequacy or accuracy of this release.
Seabridge Gold Inc
Rudi P. Fronk
President and C.E.O.
(416) 367-2711 (FAX)
Email: Email: firstname.lastname@example.org
Source: Seabridge Gold Inc. [more]
from $3.69 eps listed just last week. In my opinion this points to TRA raising guidance in the first week of Feb. when they report earnings.
remember when I asked which company operates in Albania that is public? We got an answer its a Canadian traded company. This question was spurred by the Giant Oil & Gas discovery early this January 2008 in Albania. [more]
The last 3 times straight markets have rallied the week during the FED. rate cut. Next week is the next FED. MTG, shorts will cover ahead of the Meeting and then re-position on any big pop up after the FED. cuts rates again. Position yourself to gain from these moves.
The little fish in Fertilizer stocks are TRA, & TNH,
If this sector is going to consolidate as reported by the National Post
"that POT may be bought out", [more]
The high Beta stocks are the ones that move the most either down or up.
BIDU, FSLR, MOS, TNH, DRYS, LDK, POT
from $109 to $71 now its making a comeback but still well below $109. Amazing that so many shorts entered a stock that will almost double earnings in the next year going forward.
Year ending May 2008 estimate is $3.76 EPS
Year ending MAY 2009 estimate is $6.03 EPS
of Amoxicillian sales now because its a 3 time daily dose, while Moxatag is a only a once daily dose.
Physicians will prescribe the simplier treatment of MBRK :
According to data from IMS Health, a pharmaceutical research company, approximately one-quarter of amoxicillin prescriptions are written for pharyngitis, strep throat, and tonsillitis in adults and children. Approximately 60 million prescriptions for amoxicillin were written in 2006 with total retail sales of more than $650 million. For pediatricians, amoxicillin is the most prescribed drug among all therapeutic classes. Among family physicians, amoxicillin is the twelfth most prescribed drug among all therapeutic classes.
The most commonly prescribed treatment for the management of Group A streptococcal pharyngitis is 500 milligrams of amoxicillin dosed three-times daily for a period of 10 days. With the FDA approval of MOXATAG, physicians now have available the first once-daily product in the aminopenicillin class for the treatment of pharyngitis while utilizing approximately one-half the amount of amoxicillin currently used. [more]
Too bad we can't buy in the pre-market on CAPS could have gotten this for $3/shr, now I have to wait till the open and I probably won't be able to rate it today because its market cap will show under $100M another great chance to get a cheap stock early gone because of the $100M cap rule. Either way this company should easily surpass $100M cap now. [more]
is coming next week, futures point to 60% chance of a 1/2 point cut next week.
Bernanke's Fed shows that it can be nimble
By Stephen Cecchetti 35 minutes ago
Tuesday morning's sudden interest rate cut by the Federal Reserve's Open Market Committee came as a shock even to those of us who live and breathe this sort of thing. The 75 basis point reduction to 3.5 per cent in the committee's target for the overnight interbank lending rate was the largest single day move since the Fed adopted its current procedures in 1982. Not only was the action unprecedented in size, it was taken following a quickly organised conference call during the evening of a national holiday.
The immediacy of the cut has its genesis in both the deterioration of macroeconomic conditions over the week ending last Friday, combined with the equity market collapse, and the possible desire of chairman Ben Bernanke and his colleagues to change the committee's modus operandi.
Up until this week, all of the Fed's actions - both the more and less conventional - have been directed at keeping debt markets working. Starting with Mr Bernanke's speech on January 10, 2008 it is clear that policymakers felt they had failed to keep the financial crisis from influencing the real economy. With global stock markets in freefall the need for immediate action became apparent. The Fed was planning to cut rates in 10 days anyway so why not bring the action forward to soothe markets and avoid a meltdown? While the inter-meeting action does not signal an emergency, it does confirm the plan for a dramatic easing.
This reaction to equity market movements is consistent with what we have seen over the past few months. Since the start of the crisis last August we have seen a host of policy actions aimed at influencing various asset prices. Increases in short-term liquidity, through a combination of traditional daily operations and discount lending, have worked to reduce risk premiums on interbank lending. Changes in lending procedures have been made in an effort to make a variety of collateral more liquid.
Looking at these policymakers' reactions in their entirety leads to the conclusion that this Fed is willing to react to large falls in asset prices that it feels are unwarranted by fundamentals. This is a change that I applaud. I only hope that this new approach is not asymmetrical and that US central bankers will see the need to respond to large increases in equity, fixed-income, and housing prices when they inevitably come.
That said, it is important to realise that last week brought a host of very bad economic news: retail sales, industrial production and residential construction all appear to have turned in terrible performances in December. Adding in the earlier employment report, my guess is that the extremely tight financial conditions that began in the early fall have taken their toll on real growth. There is a very real possibility that the US economy began contracting in December and the recession has already begun. (Data can be revised substantially, so it will be some time before we know for certain.)
While the exact timing of the cut may have been precipitated by concerns over equity markets, Fed officials are working to make sure the slowdown in employment, sales and income does not get any worse. After all, every central bank official knows that they should not, and cannot cut, interest rates every time the stock market falls, or threatens to fall, by five or 10 per cent in a day or two.
A second conclusion from the size and timing of this week's cut is that this vintage of the FOMC can be more nimble than some people expected. Students of monetary policy have always found the gradualism that is so characteristic of central bank actions puzzling. If the proper interest rate instrument setting is 2 or 3 or even 4 percentage points below or above the current level, why not change it all at once? Why march along in 25 or 50 basis point increments? Our understanding of the impact of monetary policy on the economy, as summarised in statistical models, gives little justification for the inertia inherent in this approach.
So, another lesson from the inter-meeting cut is this: Mr Bernanke and his colleagues want us to know that when they see changes in the economy that compromise their medium-term stabilisation goals, they will act and will do so right away.
It is interesting to contrast the Fed's policy with that of other central banks. While Fed cuts will likely continue into the spring, Mervyn King, governor of the Bank of England, suggested on Tuesday that the Monetary Policy Committee is unlikely to deliver dramatic interest rate cuts any time soon. UK monetary policy will continue to focus on inflation. The same is true for Jean-Claude Trichet, president of the European Central Bank, who continues his focus on euro area price movements.
As of Wednesday, the FOMC has cut interest rates four times - by a total of two percentage points - in the four months since 18 September 2007. To put this in perspective, that is the same size as the cumulative cuts from January to April of 2001, when the Alan Greenspan-Fed cut their Fed funds target from 6 to 4 per cent in a sequence of five actions. That action was followed by six more cuts through to the end of 2001 that ultimately brought the rate down to 1¼ per cent. Looking at that history and the continued stringency of US financial conditions, we know that further cuts must be in train.
The writer is professor of economics and finance at the Brandeis International Business School [more]
This drastic move by the FED. plus now with futures pointing for another cut by the FED. at the end of Jan. This tells me it just might be time to start buying Home builders not banks. Home Builders were the first to start falling and would be the first to start recovering. Today's rebound by the homebuilders sector in general points to this:
Here is a list of Homebuilders:
Out of the two lowest priced homebuilders BZH & HOV, I prefer HOV over the other because BZH is still in accounting problems.
US Home Loan Applications Jump as Rates Fall
Topics:Mortgages | Credit | Subprime Lending | Housing | Real Estate
Sectors:Construction and Materials
By Reuters | 23 Jan 2008 | 07:20 AM ET
Applications for U.S. home mortgages jumped for a third consecutive week as plunging interest rates encouraged more homeowners to seek refinancings, an industry group said on Wednesday.
The Mortgage Bankers Association said its seasonally adjusted index of refinancing applications surged 16.9 percent in the week ending Jan. 18 to 4,178.2, the highest level since March 2004. The activity was up 92 percent since the beginning of November and more than offset a 4.6 percent fall last week in the index for home purchase applications to 439.9, it said.
Refinancings accounted for two-thirds of all applications.
The MBA's market composite index, a measure of overall mortgage loan application volume, rose last week by 8.3 percent to 981.5.
The rise followed a drop in the average 30-year fixed mortgage rate to 5.49 percent last week from 5.62 percent in the previous week and 6.18 percent in mid-December, the trade group said.
"It is clear that borrowers are responding to the 40-80 basis point drop in rates we have seen since Nov. 2 across" mortgage products, Jay Brinkmann, vice president of research and economics at the MBA, said in a statement.
Tighter lending conditions make it hard to estimate how many of the applications will be successful, he said. Lenders have pulled back on credit to borrowers of all credit histories after soaring delinquencies on subprime loans created billions of dollars in losses.
Mortgage rates have declined amid signs the housing downturn and less consumer spending will push the economy into recession, cooling the growth that fuels faster inflation. The Federal Reserve on Tuesday surprised markets with a 0.75 percentage point cut in its target interest rate, citing a weakening economic outlook, less availability of credit and softening labor markets.
The 10-year Treasury yield that roughly guides long-term mortgage rates declined by more than 0.2 percentage point since the MBA survey was conducted, suggesting 30-year mortgage rates are below levels measured on Friday.
Rates on short-term loans also fell. The average rate on a one-year adjustable mortgage declined to 5.51 percent last week from 5.77 percent in the prior period, the MBA said. [more]
On Jan. 11,2008 I said: [more]
in this country could set it up to make billions in free cash flow for years to come with oil at $90/barrel.
Nearly 3 billion barrels of Oil & over 3 trillion cubic feet of gas discovered on Jan. 10th , 2008 in Albania.
$90 x 3 billion = $270 billion,
thats alot of money for a nation that only needs to fend for a 3.3M
total population. Now we know why the USA is so interested in Albania
(OIL & Gas) & Kosovo (Metal Minerals)
How do we profit from this news? We have to keep watch on the progress
of this discovery and try and discover which small to medium sized
publically traded companies will have their hands in developing or
working on this country's oilfield facilities. If anyone in our group
finds any info on this please don't hesitate passing this info to us.
On Vacation for a Week starting today.
January 17, 2008
I will be back next Friday with sideline cash to join the rebound Rally ahead of the FED cut in the last week of Jan. I fully expect a rebound in the last week of Jan. because otherwise this would be the worst Jan. in 100 years.
I will be back next Friday with sideline cash to join the rebound Rally ahead of the FED cut in the last week of Jan. I fully expect a rebound in the last week of Jan. because otherwise this would be the worst Jan. in 100 years.
That points to retail throwing in their towels. Now the smartmoney will do their thing and buy the well oversold stocks on their radar list. Watching for a strong rebound after the market opens down big this morning.
of another Market rally ahead of 1/2 point cut by the FED. at the end of Jan. The markets currently are off to the worst start in recent memory, all 3 big boards down nearly 10%. Market is Oversold and will rebound ahead of rate cut.
The Nasdaq is below 2500
The DJIA is below 12600 , if it hits 12,500 should rally back
The S&P is below 1400
Converted Organics, Inc. Secures Rhode Island Site for Second Organic Fertilizer Facility
Tuesday January 15, 6:00 am ET
New Facility Will Significantly Increase Company's Ability to Meet Growing Product Demand [more]
These 3 are under the radars, looking for big gains in these small caps as the targets of the big caps in Agri/Fertilizer are still going up which means a continued bull run in this sector. Today POT target was raised to $195 its currently at $149+
RBC raises target on Fertilizer stock POT - Potash, target raised to $195 at RBC
Cramer video on Agri/fertilizer sector, Says sector is in a double bull market
Fertilizer makers see gains after USDA crop report
By Christopher Hinton
Last update: 1:18 p.m. EST Jan. 11, 2008
NEW YORK (MarketWatch) -- Despite a broader sell-off Friday in the Dow
DJII, , ) , companies in agricultural products and services were showing gains after a generally positive plantings and crop report from the U.S. Department of Agriculture. Trading higher was fertilizer-makers Potash (POT:
Potash Corporation of Saskatchewan Inc
News, chart, profile, more
POT 146.03, +7.28, +5.3%) , up 2.4%; Terra Industries (TRA:
Terra Industries, Inc
News, chart, profile, more
TRA 51.62, +2.38, +4.8%) , adding 4.8%; Mosaic (MOS:
mosaic co com
News, chart, profile, more
MOS 103.58, +4.37, +4.4%) , rising 4.7%; Agrium, up 1%; and CF Industries (CF:
cf inds hldgs inc com
News, chart, profile, more
CF 114.95, +2.35, +2.1%) , adding 2.5%. Also adding a fraction was farm-machine maker Deere & Co. (DE:
Deere & Company
News, chart, profile, more
DE 91.88, +2.62, +2.9%) and seed-seller Monsanto. At last check, the Dow Jones Industrial Average was down 211.5 points to 12,641.5. End of Story [more]
Time to load up ahead of Strong earnings that it should report.
Lower interest rates in the USA equals lower USA dollar vs. the Euro.
according to a Market Strategist guest on Bloomberg radio at 3:05pm 1/11/08
(In my opinion that would create a short squeeze short-term but after a 3-5% gain we could then head back down as it would confirm fears that we are headed into a recession.)
all the while in my opinion they are paying someone to hype the Gold down in the media.
See article by SeekingAlpha for more info:
hinted yesterday that a 1/2 point cut is possible. The Europeans did not cut so a USA cut of 1/2 point is not priced in the USA dollar vs. the EURO. This would cause an additional fall in USA dollar and in effect make Gold spot price rise higher. Gold could finally hit $1000/oz on a spike nearterm.
This company has a high estimate EPS of $20.24 for 2008
Thats right its not a typo and its selling at only $61/shr
Cowen out with a note to clients this morning : Cowen believes the earnings outlook for biotechnology companies in Q4 and 2008 is strong. The firm's favorite names with the potential to report Q4 earnings in excess of consensus include GILD, IMCL, and ONXX, while 2008 guidance from CBST should beat low expectations. [more]
(In my opinion that means look for the profitable biotechs not the ones that have no drugs on the market) [more]
Who Remembers 2000 recession? Which sector started rallying during Spring-Summer 2000? It was Biotechnology. Investors moved to the safe havens which many fundmanagers consider to be Biotechnology. Since fundmanagers must always be invested in stocks regardless of a recession. Unlike us retail folks, they need to rotate into the safe havens to preserve the capital of their funds. I expect moneyflow to increase significantly into profitable biotechnology stocks in the 1st half of 2008. [more]
What does this mean? The last two times the Nasdaq went down 10% in July-Aug 2007 and Nov. 2007 in both those times the stock market rallied off the 10% lows to gain 5-7% in the following couple of weeks.
Looks like we are reaching the last day or two before the big runnup towards the interest rate cut by the FED of possibly 1/2 point cut at the end of Jan. Bad news fully priced in at this point.
proof positive why Fertilizer sector is the place to be in 2008.
MOS profits surge six fold over year ago.
Jan. 9th, 2008
PLYMOUTH, Minn. (AP) -- Fertilizer maker Mosaic Co. said Wednesday its fiscal second-quarter profit soared nearly sixfold, helped by a tax benefit and increased phosphate and potash selling prices.
The company reported net income for the period ended Nov. 30 jumped to $394 million, or 89 cents per share, compared with $65.9 million, or 15 cents per share, a year ago.
Quarterly revenue surged 45 percent to $2.2 billion from $1.52 billion in the previous year.
Analysts polled by Thomson Financial expected second-quarter earnings of 73 cents per share on sales of $2.17 billion.
Sales at Mosaic's phosphates unit rose to $1.2 billion from $763.9 million, while potash revenue increased to $431.6 million from $352.1 million. Offshore revenue grew to $644.3 million from $499.9 million.
The company said the average diammonium phosphate price for the quarter was $417 per ton, up $174 from the year-ago period. The average potash selling price was $171 per ton, a $29 increase from the prior year.
Potash is a form of potassium used mostly in agriculture to fertilize crops and other plants.
The quarter also included a $35.9 million, or 8 cents per share, tax benefit.
Mosaic said it expects phosphate and potash prices will continue to rise in 2008. The company anticipates a third-quarter realized diammonium phosphate price between $470 and $480 a ton, but warned that diammonium phosphate costs will likely be higher because of rising sulfur costs. The company predicts an average realized potash price between $190 and $200 per ton for the quarter.
Shares of Mosaic added $3.43, or 3.9 percent, to $91.80 in electronic premarket trading. The stock closed at $88.37 on Tuesday. [more]
Selloff in this sector right before spring is a great buying chance for those of us that missed the earlier selloff in Sept or those of us that want to add to positions. Time to load the boat on these stocks, Food demand is not going to slow down unless there is a mass epedemic that kills off of vast portions of the human population. The food demand will only increase going forward unless an epedemic hits, therefore fertilizer and agriculture demand will continue. All selloffs are buying chances. [more]
FINANCIAL PROJECTIONS [more]
AZZ profit climbs 54%, lifts FY guidance
at MarketWatch (Fri 5:04am)
• InPlay: AZZ beats by $0.13, beats on revs; guides FY08 EPS in-line, revs in-line
Briefing.com (Fri 4:43am)
of Numbers from Labor Department's December Employment Report in my opinion. Analyst on Bloomberg radio this morning said he now expects a 50% chance that the FED will cut by 1/2 point. All this is good news for GOLD because lower interest rates equals lower dollar. Since Gold and Oil are based on the dollar, that equates to rising Gold & Oil prices as the dollar keeps on falling.
Fed Signals More Growth Concern, Rate-Cut Incentive (Update1) [more]
that came out yesterday below 50 number which equals contraction. I don't see how the Fed. could hold off not lowering interest rates further with this data on hand. Lower rates = higher Gold. [more]
4 stocks Skyrocket today : AKNS, AXTI, GHM, NG
All four are related to OIL getting to $100
here is news from the past that explains the technology:
New solar panels promise reduced installation time
September 28, 2007 Akeena's Andalay solar panel technology combines savvy design with a number of enhancements designed to decrease installation time. With 70% fewer roof-assembled parts and 50% less labor needed to install the system, the company says the Andalay system can cut installation time from half a day to half an hour.
The system also boasts 25% less roof attachment points meaning that a small house can resulting in the dramatically reduced installation time. The materials are designed to be lightweight and sturdy, to decrease pressure on your roof but maintain a barrier against leaks.
The key to the aesthetic improvement promoted by the makers of this solar panel system is that the panels are black, so they look more like a skylight than solar panels. Furthermore, they attach directly to the roof so they appear smoother on the building rather than being attached to large racks attached to the roof. All of the wiring is built in to the system to avoid dangling wires.
The full price of this type of system in California would be US$25,000, but with states offering rebates and tax credits the actual cost is around US$17,000 - not a small investment but with long term savings for the average household of about US$100 in electricity bills each month according to Akeena, the system would have paid for itself in approximately eight years. Customers also get a locked-in electric rate of 12 cents per kwh for the 30+ year life of the system.
Cost is a critical issue when it comes to the development of solar energy and thin film panels for mass solar energy production are one of the ways being trialled to help reduce costs for large scale solar plants.
For further information on the Adalay system visit Akeena. [more]
Oil always rises ahead of the summer driving season and we are starting this year already near $100 so it won't take much to drive it over $100. [more]
ASYS target $69.04 for end of 2008 based on intrinsic value.
Finance Online Calculators : Stock Price - Return & Intrinsic Value
Based on Earnings
http://tinyurl.com/22ys5n Online Intrinsic Value Calculator
http://finance.yahoo.com/q/ae?s=ASYS Estimates per yahoo stats
This online calculator evaluates potential investments by computing
the present value of a stock's future earnings. A stock's intrinsic
value is the present value of its future earnings and can be used to
determine if a stock is over or under-valued. For stocks with no
current earnings, visit our Projected Sales Stock Calculator. Visit
our Finance Section for more personal finance, asset allocation, and
Current Stock Price $12.99 Based on your assumptions, over
the next 10 years, this stock is projected to earn:
32% per year and be worth
$270 in ten years (pre-tax)
(This amount includes re-invested dividends)
The stock's current intrinsic value is:
$69.04 for end of 2008
Please note that this projection is very sensitive to your
assumptions and makes certain simplifying calculations. You may want
to perform a simple "sensitivity analysis" by varying your
assumptions for "Growth" and "Discount Rate."
Looks like a very good investment. Check your assumptions and look
for other risk factors. How does the stock price compare to its
These values below were used to come up with above end of 2008
intrinsic value of $69.04 for ASYS :
Earnings per Share $0.99 for end of 2008 per estimates on yahoo
Growth in Earnings during the next 10 years
(Over time, growth should approach 6-10% as competition and other
factors come into play.)
Yr 1-3 40 % used per yahoo estimates
Yr 4-6 35 % used per yahoo estimates
Yr 7-10 15% used per yahoo estimates
Discount Rate 15% used for riskier stocks
(This is the interest rate used to compute present values.) 12% for
15% for riskier stocks
Please note that we cannot accept liability for any problems or loss
that you may experience as a result of any information that you may
find on this site. It is your responsibility to ensure that you
properly perform your own due diligence and research. Although
zRoundTable.com LLC strives to be objective, we do not recommend or
endorse any service. Although we believe the information on this
website to be true, we cannot guarantee all of the content. [more]
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