TAG | AMEL
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Mixed Economic News Produces Lacklustre Week On The Markets
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http://ymlp312.net/zNZhvx ——————————————————————————– January 29, 2012 Week & Month In Review…
Week In Review For January 23 to January 27, 2012 Canadian Companies mentioned include:
* Xtierra Inc. (TSX-Venture:XAG) * Atacama Minerals Corp. (TSX-Venture:AAM) * ATAC Resources Ltd. (TSX-Venture:ATC) * Kaminak Gold Corp.(TSX-Venture:KAM) U.S. Companies mentioned include:
* Nyxio Technologies Corp. (OTCQB:NYXO) * Petaquilla Minerals Ltd. (OTCBB:PTQMF) * Brainstorm Cell Therapeutics Inc. (OTCBB:BCLI) * Sino Agro Food Inc. (OTCBB:SIAF) * Source Gold Corp. (OTCBB:SRGL) * AmeriLithium Corp. (OTCBB:AMEL) This week on AllPennyStocks.com:
* Article Published, January 25, 2012: Surrounded by Proven Reserves, Junior Iron Explorer Shares Rise on Latest Drill Report (http://allpennystocks.com/aps_ca/special_reports/243/Surrounded-by-Proven-Reserves,-Junior-Iron-Explorer-Shares-Rise-on-Latest-Drill-Report.htm) (CDN Company) * Article Published, January 26, 2012: Milwaukee Electric Tool Joins Microsoft, Sprint and AT&T on List of Majors Associated with Junior Tech Provider (http://allpennystocks.com/aps_us/special_reports/233/Milwaukee-Electric-Tool-Joins-Microsoft,-Sprint-and-AT&T-on-List-of-Majors-Associated-with-Junior-Tech-Provider.htm) (U.S. Company) * Article Published, January 27, 2012: Pipeline Protector Awarded Another Multi-Million Contract; Shares Continue Upward (http://allpennystocks.com/aps_ca/special_reports/244/Pipeline-Protector-Awarded-Another-Multi-Million-Contract;-Shares-Continue-Upward.htm) (CDN Company) Video charts for the week:
* January 24th Technical Video Chart For NYXO. Despite a drop in Monday`s trading, NYXO is remaining on watch because it is very close to a support level at 15 cents. The last move from these levels took the share price to 38 cents, so technical traders will be watching for the support to hold and for signs of upward pressure again. Click here to view: ( http://www.youtube.com/user/AllPennyStocks#p/a/u/1/Z8gUpUw3mHc ).
* January 25th Technical Video Chart For XAG:CA. The Xtierra chart ended last week strong, moving off a solid bottom support. The indicators are aligned for a reversal in the chart with a “double pinch” of the PPO and ADX as momentum and trend shifts appear to be happening at the same time. view: ( http://www.youtube.com/user/AllPennyStocks#p/a/u/1/jN4fmeU3fYM ).
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WEEKLY UPDATE – NORTH AMERICAN MARKETS END WEEK MIXED, BUT PRODUCE STRONG START TO 2012 Stocks in North America concluded the final full week of trading in January 2012 on a mixed note. Stocks in Toronto continued their winning ways, while U.S.-traded companies were less than dazzling, primarily trading down outside of a solid performance on Wednesday.
Despite the listless week for U.S. stocks, both the Canadian and U.S.
markets have kicked-off 2012 with strong first month showings.
Wednesday was looking lackluster until news came from the Federal Reserve that interest rates would be held at historic lows until late 2014 as America`s wounded economy continues to grow at a pace slower than required for sustainable increases in employment. Importantly, Fed Chairman Ben Bernanke mentioned QE3, another round of bond buying by the Fed to help financially-challenged companies, as not being out of the question. Investors embraced the idea for the hours remaining in that trading day, pushing stocks higher. Outside of Big Ben, U.S.
companies can also thank Apple, Inc. for helping buoy stocks as record earnings that pushed it passed Exxon Mobil as the most valuable U.S.
company helped overcome a mixed bag of earnings and dull economic data to keep the NASDAQ exchange well in the green this past week.
Toronto-traded stocks found strength as a broad rise in commodities helped fuel the resource-heavy markets while financial plays beat down markets to a certain degree.
A steady influx of mixed earnings from Dow Jones and NASDAQ components provided meager force on market trends as Greece was dominating sentiment on Wall Street again. Meetings are still ongoing over the weekend between Greece and private creditors that investors are hoping will result in an agreement in the near-term to cut the debt load of the financial-buried country. Greece has a 14 million euro debt payment due on March 20th. Economists still worry that even if creditors agree to a 50 percent write-down, it will still not be enough to put Greece onto firm financial ground, considering its massive debt load. Chipping in to the negative mood, Fitch Ratings implemented downgrades of Eurozone countries that it had been threatening since last month. The ratings agency slashed the credit ratings of Spain, Italy, Belgium, Cyprus and Slovenia, saying that those companies do not have enough financial leverage during the Eurozone debt crisis.
In other global matters, the International Monetary Fund lowered its outlook for the world economy, warning that the global financial system faces increased risks because of the debt problems in Europe.
The IMF said that it expects the global economy to grow 3.3% in 2012 after saying in September that it expected 4% growth. Britain is facing a recession as the country`s economy contracted by 0.2% last quarter. One more quarterly contraction and the recession is official by definition.
All in all, the week provided the results that many analysts were expecting to cool the bullish rally that has been ongoing. More earnings come next week along with fresh unemployment rates in both the U.S. and Canada, but Greece will probably still be a market driver as investors await answers in regards to debt resolution.
The Canadian dollar continued to gain on its U.S. counterpart and is challenging closing above parity for the first time since October 2011. Hopes of a Greek debt swap and the U.S. Fed keeping rates low underscored weakness in the greenback and helped the loonie move again versus the USD. On the week, Canada`s currency gained for the third straight week, ending the week with one Canadian dollar buying US$0.99825. In January, the CDN dollar gained 1.98% against the USD.
Commodity Snapshot:
* Gold futures were bright and shiny as the USD fell with bullion climbing four out of five days this past week to top $1,730 per ounce for the first time in seven weeks on the back of its largest three-day rally since October. Strong physical demand and the possibility of the U.S. printing more money also gave gold a boost as a potential hedge against inflation. On the week, February gold contracts, the most actively traded, appreciated by $74.20, or 4.48%, to close at $1,732.20 per troy ounce. On the month, gold prices rose by 10.56%.
* Silver had a stellar week, surging on Friday to six-week highs.
Silver piggy-backed the rise in gold, the USD depreciating and the unimpressive U.S. GDP data. Any dip on profit taking was met by strong buying pressure. March contracts advanced to settle the week at $33.79, representing a rise of $2.115, or 6.68%, after a nearly 8% climb the week prior. On the month, silver prices added an amazing 21.05%.
* Copper traders continued to be bullish after last week`s rise as data continues to point towards increased copper demands in the U.S.
and China (the world`s largest copper consumer) in the future. March contracts, the most actively traded on the Comex division of the New York Mercantile Exchange, rose as high as $3.94 before settling at $3.889 per pound, for an increase of 3.82%, or 14.3 cents per pound.
On the month, copper futures rose by 13.18%.
* Oil prices basically skidded sideways as concerns over Iran potentially banning sales to EU countries surfaced after EU countries were talking about an embargo on Iran`s oil because of their nuclear program. Iranian leaders are scheduled to meet today to discuss the matter. On the week, crude prices did manage to stop a two-week slide as March contracts were the most actively traded and rose by 1.18% to end at $99.56 per barrel. On the month, oil prices rose by a mild 0.74%.
Equity Market Snapshot:
* Caterpillar, the largest construction and mining-equipment maker, posted fourth-quarter earnings and forecast full-year profit that topped analysts’ estimates as demand rose for earth-moving machinery and trucks. The Peoria, Illinois-based company said it had a record $29.8 billion backlog of orders at the end of 2011. Shares rose 5.34% on the week to $111.28.
* Research in Motion lost ground for the first time in a month this last week as the company announced the stepping-down of its co-CEOs Mike Lazaridis and Jim Balsillie. Chief Operating Officer Thorsten Heins is assuming the role as new CEO of RIM. Shares tumbled hard originally upon the news (falling to $14.77) before recovering the majority of the losses upon investor Prem Watsa more than doubling its stake in RIM in a sign of confidence for the struggling company.
Shares ended the week down by 2.61% at $16.79.
* Gold miners Kinross Gold (+14.20%), Goldcorp (+9.47%), Agnico-Eagle Mines (+11.81%), Yamana Gold (+12.97%) and Barrick Gold (+8.03) all flourished this past week with rising gold prices.
* Canadian National Railway Co. raised its quarterly dividend by 15% to 37.5 cents per share with the next payout coming in March. Its fourth quarter 2011 financial reports showed a profit of $592 million, or $1.32 per diluted share, as revenue rose 12% from a year before to a record $2.38 billion. Toronto-listed shares fell 4.24% on the week to $76.30.
* Natural gas had a strong week, bringing along with it energy producers such as EnCana Corp. (+12.06), Talisman Energy (+0.59%) and Imperial Oil (+0.69), which all dropped from their highs, but still closed green. Chesapeake Oil (+5.20%) said that it would scale-back its natural gas production to help give prices a boost.
* In more things energy, Halliburton rung in with earnings that were basically in line with estimates upon reporting quarterly earnings of $921 million, or $1.00 per share, and a relatively optimistic future forecast. On the week, shares rose 2.49% to $37.10.
* Transocean caught a break this week as a federal judge cleared the company of part of the damages related to the Deepwater Horizon spill as a contract with BP protected Transocean. Shares of BP fell 0.86% on the news, while shares of RIG escalated by 7.63% on the week.
* The financial sector was all over the place this week with interest rate news and Eurozone concerns trading places in importance. In Canada, Scotiabank (-3.15%), Bank of Montreal (-1.28%), Royal Bank of Canada (-2.82%) and Toronto-Dominion Bank (-2.53%) all faded this past week. In the States, big banks Citigroup (+4.15%) and Bank of America (+3.11%) advanced, while JP Morgan (-0.40%) and Wells Fargo (-3.08%) slid.
* Social medial was big news this week as the Wall Street Journal reported that internet giant Facebook will be filing its IPO documents this coming Wednesday in a deal that would value the company between $75 and $100 billion. The filing of the paperwork this week would put the stock publicly trading in three to four months with expectations that it would instantly become one of the largest public companies in the world, alongside the likes of McDonald`s, Bank of America and Amazon.com. Values for the social media ETF pulled nearly 3% higher with the news.
* In major earnings news this past week, McDonald`s (down 3.00% on the week) reported 11% increases in profit, but worries over exchange rates dampening profit in 2012 pared the news. Boeing (down 1.28% on the week) reported a Q4 jump in profits, but poor full-year 2012 guidance held shares back. Airliner Delta (up 10.41% on the week) crushed expectations, resulting in some analyst upgrades to “buy” and stronger expectations of EPS. Swedish telecom company Ericsson Telephone reported a whopping 66% drop in Q4 profit, sending shares down by 12.18% on the week. Not to be outdone, educator DeVry watched earnings in the latest quarter nosedive 90%. Shares of DeVry fell 7.23% on the week.
* A stunning financial report from Apple is primarily what boosted the tech-heavy NASDAQ markets this past week. The Mac, iPhone and iPad maker said that profit had more than doubled to a record $13.06 billion on revenue of $46.33 billion it its first quarter of 2012.
The $13 billion in revenue was the most ever recorded in a quarter by a tech company. In the quarter, more than 37 million iPhones and in excess of 15 million iPads were sold. Shares of AAPL climbed ahead by 6.42% on the week at $447.28. Upon the earnings, Apple has now passed Exxon Mobil as the most valuable company in the United States.
* Some majors from Canada reported results from operations on Thursday. Canadian Pacific Railway reported a Q4 jump in net income to $221 million from $186 million in the same 2010 quarter. NY-traded shares of CP rose by 1.18% on the week to $71.40. Potash Corp. of Saskatchewan saw a Q4 rise in profits of 78 cents per share to $683 million from $508 million a year prior, but came up short of expectations by 11 cents a share. Regardless of the dime miss, TSX shares of POT rose by 5.17% on the week.
* News came late Friday that the U.S. Federal Trade Commission filed a complaint to block Omnicare Inc.`s takeover bid of rival PharMerica Corp. The FTC cited that the marriage of the two largest long-term care pharmacies in the U.S. would be harmful to competition as it would enable Omnicare to raise drug pricing for Medicare Part D consumers and others. On the week, PharMerica added 8.25% and OCR added 1.07%.
* Video streamer Netflix continues to recover from a host of blunders that sent the stock plummeting only a few months ago. Earnings will make traders forget as NFLX posted better than expected earnings and sales in the latest quarter and said it is picking-up more customers.
Shares of NFLX surged by 23.49% on the week to $123.79.
* AT&T took it on the chin as one of the Dow`s biggest laggards on Thursday by missing forecasts for earnings. Big Blue took a $4 billion hit in its attempt to buy T-Mobile which contributed to a Q4 loss of $6.7 billion. Shares tumbled by 4.42% on the week.
* Crest toothpaste, Tide laundry soap and Pringles potato chips maker Procter & Gamble, was a letdown on Friday with an announcement of lowering its outlook for 2012. Shares of PG carved-away 2.91% to $64.30 on the week. Fellow icon, Ford Motor Company posted 2011 profits of $20.2 billion (it`s best in 13 years), but missed Q4 estimates. Shares of F slid 2.64% on the week.
* Crescent Point Energy Corp. said that it plans to buy TSX-Venture traded Wild Stream Exploration Inc. for roughly $770 million and create a subsidiary with part of the acquired assets and liabilities that will be headed by Wild Stream`s current management. Wild Stream shares grew by 3.78% to $9.60, while Crescent Point sifted-off 0.04% to $45.48 for the week.
Weekly Indices Results:
The S&P TSX Composite Index slipped from its highs, but still made it six straight green weeks, adding 69.40 points, or 0.56%, to 12,466.50.
The TSX Venture Exchange outstripped its bigger cousin, rising by 57.58 points, or 3.66%, to finish at 1,628.92.
In the States, the Dow Jones Industrial Average fell well off highs and snapped its winning streak, giving back 60.02 points, or 0.47%, on the week to 12,660.46. The much-broader S&P 500 performed similarly, but eked out a green week by 0.94 points, or 0.07%, to close at 1,316.32. The tech-rich NASDAQ Composite paced the U.S. exchanges, rising by 29.85 points, or 1.07%, to 2,816.55.
Canadian Economic Data:
* Statistics Canada said that the composite leading index inclined by another 0.8% in December, following a 0.9% gain the previous month, topping estimates of 0.6% gains. The increase was broad-based with eight of the 10 components rising. Manufacturing rose across the board as autos and durable goods also played a substantial part in the move upward.
* Retail sales in November rose for a fourth consecutive month, increasing 0.3% to $38.7 billion. Gains were reported in seven of 11 subsectors, representing 65% of total retail sales. Sales of motor vehicles and parts dealers increased for the fourth consecutive month.
In volume terms, sales were also up for a fourth month in a row, increasing 0.5%.
* In November, average weekly earnings of non-farm payroll employees were $883.96, basically identical to October. On a year-over-year basis, earnings rose 2.2%. StatsCan said that the 2.2% increase in average weekly earnings during the 12 months to November reflects a number of factors, such as wage growth and changes in the composition of employment by industry, occupation and level of job experience.
Next week, investors will have their eyes pealed for Canada`s latest GDP data, the Industrial Product Price Index and Raw Materials Price Index on Tuesday, as well as the latest Unemployment Rate on Friday.
U.S. Economic Data:
* After a two-day policy meeting, the Federal Reserve said that it will be keeping interest rates at historic lows through late 2014.
The interest rate, which is the fee that banks charge each other for overnight loans, has been held low since 2008 as a result of sluggish economic recovery and growth. The Fed will keep the rate at 0.25%.
Fed Chairman Ben Bernanke also did not rule out the possibility of another round of quantitative easing.
* Orders for U.S. durable goods climbed more than forecast in December, suggesting a rebound in business investment. Bookings for goods meant to last at least three years grew by 3 percent, following a 4.3 percent climb in November, the largest consecutive gains in nearly a year. A growth in demand from emerging markets and a need to refill depleted inventories were propellants for the gains.
* On the real estate front, pending home sales for the month of December dropped by 3.5%, after rising 7.3% in the prior month.
Economists were expecting sales to fall 3%. Purchases of single-family properties decreased by 2.2 percent to a 307,000 annual pace. In the worst showing in almost 50 years, builders only sold 302,000 homes in 2011, down 6.2 percent from 2010.
* Continuing its fickleness because of seasonal hirings, jobless claims rose last week according to the Labor Department. Applications for unemployment benefits rose by 21,000 to 377,000 in the week ended Jan. 21st. The prior week’s 356,000 was the lowest since April 2008.
* The index of leading indicators gained again in December, its third straight month of rising, according to a report from the Conference Board. The research group’s barometer for growth over the next three to six months increased 0.4 percent after climbing 0.2 percent in November.
* The latest Gross Domestic Product figures – the total value of goods and services produced in the U.S. – showed moderate growth in the final quarter of 2011. The Commerce Department said that GDP grew by 2.8%, a solid climb from the anemic rate of 1.8% in the summer, but still below estimates of above 3%. For all of 2011, GDP grew at a 1.7% pace, a rate too slow for employers to be able to add heavily to the workforce.
* Confidence among U.S. consumers rose to its highest level in almost a year, according to the Thomson Reuters/University of Michigan index of consumer sentiment. The index rose in January to 75 from 69.9 in December, topping Bloomberg estimates of 74. The strengthening index is a sign of recovery, but it is notable that the index averaged an 89 for the five years before the markets fell apart in late 2008.
To end January and start February on the economic front, investors will be looking for Chicago PMI stats on Tuesday; ADP Non-farm payrolls and ISM Manufacturing updates on Wednesday; Jobless Claims on Thursday; and ISM Non-Manufacturing stats and a fresh Unemployment Rate on Friday.
Penny Stocks to Watch & Company Spotlight Results:
Among the stocks we watched this week, mineral explorer Xtierra Inc.
(TSX-Venture:XAG) was another solid winner as the stock surged to highs on Friday of 24 cents before pulling back mildly to $0.23 to end the week ahead by $0.05, or 27.78%. The other stock we had on radar, iodine producer Atacama Minerals Corp. (TSX-Venture:AAM) had a tepid week, but did close Friday on the upswing, ending at its high of the week of $1.10 for a gain of $0.01, or 0.92%.
In the States, electronics maker Nyxio Technologies Corp. (OTCBB:NYXO) lost its momentum from the week prior to end the week at 19 cents, down by $0.02, or 9.52%, with an intraweek high of $0.22. The other U.S. stock on our watchlist, gold producer Petaquilla Minerals Ltd.
(OTCBB:PTQMF) gave it a go early to hit intraweek highs of $0.6509, but gave back a pinch by the weekend, losing just $0.0068, or 1.05% with a close at $0.64.
If you`d invested in all four stocks and held them to the end, you`d have seen a gain of 4.53%. However, if you`d bought all four at the beginning of the week and sold each at its peak, you`d have realized average gains of a strong 9.91%.
Next week, we focus on ATAC Resources Ltd. (TSX-Venture:ATC) and Kaminak Gold Corp. (TSX-Venture:KAM). In the States, look for big things from Brainstorm Cell Therapeutics Inc. (OTCBB:BCLI) and Sino Agro Food Inc. (OTCBB:SIAF).
In company spotlight news, AmeriLithium Inc. (OTCBB:AMEL) continues to roll-out good news reporting on developments from its lithium brine projects in Nevada. This past week, the company announced positive results from its 2nd stage controlled source audio magneto-telluric (CSAMT) survey on its Full Monty lithium project. Results from a previous gravity survey were used to place the CSAMT survey lines over the deepest part of the Full Monty basin. The stratigraphic and structural detail shown in the CSAMT data for the three survey lines indicates the presence of highly conductive layers that are indicators of brines below the surface within AmeriLithium`s claim block in Nevada. Three highly prospective drill holes have now been identified as the company takes another step in the direction of production.
The Month at a Glance – January gets 2012 off on the right foot After a less than stellar second half of 2011, North American stocks produced gains in January. The TSX-Venture and the NASDAQ exchanges were clear stand-outs, packing on 9.72% and 8.11%, respectively.
Resources moved upward, including a more than 20 percent rise in silver and 10 percent climb in gold, giving Canadian equities traction to combat some ongoing frailty in financial stocks. Economic data was continually mixed, but did show some life in the housing industry and pointed towards overall economic recovery and growth continuing, albeit not at quite the clip that everyone would like to see. Perhaps the phrase “bullish caution” would best explain the month of January as traders are keeping their fingers close to the sell buttons to secure gains the instant signs of weakness arrive, while there is still an optimistic undertone towards the markets presently.
China also weighed-in this month as investors digested several pieces of data concerning growth for the second largest economy in the world.
Chinese officials reported that the country`s economy grew at an annual rate of 8.9% in the last quarter of 2011, which wasn`t quite as slow as economists had expected. As the world`s largest consumer of copper and a country that has continued to show growth outpacing the rest of the world, investors look heavily to manufacturing and expansion in China, so the signs of continued prosperity are warmly received.
European bond auctions were frequent in January as countries look for help to shoulder debt and they were typically well subscribed, giving hope that some mid-term stability can be achieved to avoid any global financial meltdown. Still, though, Standard & Poor`s and Fitch have openly expressed their concerns and lined-up European countries for credit downgrades. France was even stripped by S&P of its pristine AAA ranking which it held since 1975. Euro area economic stats showed a reduction in manufacturing, further keeping economists on their toes about growth potential. Economic data is all part of the ebb and flow of the markets with one country`s report quickly being forgotten about when someone else`s comes out, but the lingering concerns over some type of agreed upon debt swap to sustain Greece`s major debt problems has not left the limelight. Hopefully in the waning days of this month, some resolve will come and sturdy investor confidence as the worries appear to be mildly subsiding, but need more definitive answers.
Monthly Indices Results:
* S&P TSX Composite: up 4.28% (511.41 pts.) * TSX-Venture: up 9.72% (144.26 pts.) * Dow Jones Industrial Average: up 3.63% (442.90 pts.) * S&P 500: up 4.67% (58.73 pts.) * NASDAQ: up 8.11% (211.40 pts.) Monthly Equity Market Snapshot:
* The month of January is always flooded with earning reports, but clearly the one mentioned above regarding Apple is the biggest financial news of the month. The industry beast is now the beast of the United States with $46 billion in revenue, netting a profit of $13 billion last quarter. At all time highs, the company now commands a market cap of $417 billion. Shares of AAPL rose 10.44% on the month.
* Another 700-pound gorilla, Google, didn`t fare quite as well as its revenue of $8.13 billion last quarter came up about $300 million under estimates. Shares of GOOG shed 10.21% on the month.
* China will take over full ownership over a Canadian oil sands project for the first time after Athabasca Oil Sands Corp reported the sale of its remaining 40 percent of the MacKay River oil sands development to PetroChina for $673 million. Shares of Athabasca were lowered by 10.33% and shares of PetroChina swelled by 18.31% for January.
* After falling in the previous four months, shares of Research In Motion Ltd. rose in value in January amid their co-CEOs resigning, introduction of its new PlayBook at the annual Consumer Electronics Show in Las Vegas and investor Prem Watsa taking a much larger stake in the company. Toronto-listed shares of RIM climbed 13.45%on the month.
* First Quantum Minerals Ltd. said that it is selling its mines in Congo to Eurasian Natural Resources Corp. PLC and settling legal claims for $1.25 billion after its operations were nationalized by the Congo government. The news pleased investors as shares added 14.91%.
* Affirming rumors, camera maker icon Eastman Kodak filed for Chapter 11 bankruptcy protection. Shares, now trading on the Pink Sheets under the ticker “EKDKQ,” rocketed downward by 50.58% to $0.32.
* Sears Holdings Corp. rallied in January upon reports that Chairman Edward Lampert, who controls the company along with his hedge fund, boosted his personal stake in the retailer and that the company was going to be able to make debt payments on time. Shares of SHLD tracked upward by 38.64% to $44.06.
* Dundee REIT said that it is buying Whiterock REIT in a transaction valued at $582.1 million. The deal will combine two of Canada`s biggest commercial and industrial property owners and give Whiterock shareholders either $16.25 in cash or 0.4729 Dundee REIT units for each Whiterock share. Shares of Dundee rose 4.30% and shares of Whiterock surged 21.15% in January.
* Canada`s largest publicly traded miner, Teck Resources Ltd., said that it is looking to bolster its position in the oil business, offering more than $435 million for its oilsands partner SilverBirch Energy Corp. Shares of TCK/A advanced by 18.38% and shares of Venture-traded SBE inflated by 64.09% to $9.55 during the month.
* The news that a Costa Concordia luxury liner had run aground and killed at least 11 people sank shares of parent company Carnival.
Carnival expects to lose more than $100 million from the tragic accident. Shares of CCL skinnied by 6.62% for the month.
* Netflix, which was heavily criticized for its potential business model changes and sliding financials recently, reported launching its services in the United Kingdom and Ireland. CEO Reed Hastings said that the company began gaining back U.S. subscribers in the fourth quarter of last year. Earnings that beat estimates gave the stock even stronger legs as it kicked upward by 78.65% on the month to $123.79.
* In a move that will create one of Canada`s largest publicly traded energy infrastructure companies, Pembina Pipeline Corp. said that it has agreed to purchase all of the issued and outstanding shares of Provident Energy Ltd. in a transaction valued at $3.2 billion in shares. Shares of Pembina fell by 10.22% while shares of Provident Energy soared by 14.70% to $11.70.
Monthly Penny Stocks To Watch Leaders:
Among the stocks that we watched in January, the champion of the month in Canada was Xtierra Inc. (TSX-Venture:XAG), which was profiled this past week at $0.18. Shares surged in spurts with Friday taking the stock to new highs of 24 cents, representing a gain of 6 cents, or 33.33%. In the U.S., the winner for January took some serious bean counting as three penny stocks to watch came in with gains in excess of 75 percent. In the end, the winner was Source Gold Corp.
(OTCBB:SRGL) which was listed in the second week of January at $0.07.
An immediate rise followed and has continued with the stock printing $0.185 this past Friday for a gain of 11.5 cents, or 164.29%. We congratulate all the followers of our “Penny Stocks to Watch” who were able to reap rewards from these most recent Companies and look forward to another solid month of penny stocks to watch in February. Be sure to check each weekend for our new choices as we continue to find gems that are regularly producing solid gains.
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Before making a purchase or sale of any securities featured on our web site or mentioned in our reports, we strongly encourage and recommend consultation with a registered securities representative. This is not to be construed as a solicitation or recommendation to buy or sell securities. As with any stock, companies we select to profile involve a degree of investment risk and volatility. Particularly Small-Caps and OTC-BB stocks. All investors are cautioned that they may lose all or a portion of their investment if they decide to make a purchase in any of our profiled companies. Past performance of our profiled stocks is not indicative of future results. The accuracy or completeness of the information on our web site or within our reports is only as reliable as the sources they were obtained from. The profile and opinions expressed herein are expressed as of the date the profile is posted on site and are subject to change without notice. No investor should assume that reliance on the views; opinions or recommendations contained herein will produce profitable results. AllPennyStocks.com may hold positions in securities mentioned herein, and may make purchases or sales in such securities featured on our web site or within our reports. In order to be in full compliance with the Securities Act of 1933, Section 17(b), AllPennyStocks.com will disclose in it`s disclaimer, what, if any compensation was received for our efforts in researching, presenting and disseminating this information to our subscriber database and featuring the report on the AllPennyStocks.com web site. AllPennyStocks.com has been compensated six thousand five hundred dollars by a non-affiliated third-party, SmallCapVoice.com for its efforts in presenting the AMEL profile on its web site and distributing it to its database of subscribers as well as other services. Information presented on our web site and within our reports contain “forward looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions or future events or performance are not statements of historical fact and may be “forward looking statements.” Forward looking statements are based on expectations, estimates and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements in this action may be identified through the use of words such as “expects”, “will,” “anticipates,” “estimates, “believes,” or that by statements indicating certain actions “may,” “could,” or “might” occur.
THE READER SHOULD VERIFY ALL CLAIMS AND DO THEIR OWN DUE DILIGENCE BEFORE INVESTING IN ANY SECURITIES MENTIONED. INVESTING IN SMALL CAP SECURITIES IS SPECULATIVE AND CARRIES A HIGH DEGREE OF RISK.
We encourage our readers to invest carefully and read the investor information available at the web sites of the Securities and Exchange Commission (SEC) at: http://www.sec.gov ( http://www.sec.gov ) and/or the National Association of Securities Dealers (NASD) at:
http://www.nasd.com ( http://www.nasd.com ). Readers can review all public filings by companies at the SEC`s EDGAR page. The NASD has published information on how to invest carefully at its web site.
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24
StockStars.net – AMEL Could Rally on Latest News
Comments off · Posted by admin in StockStars
%3D ~~~~~~~~~~~~~~~~~~~~~~~~~~
AMEL just released positive survey results on its Nevada-based Full Monty lithium project.
AMEL has come down since the last rally, but it might be a retracement before the next move up.
We could see a repeat of what happened two weeks ago. Make sure you are up at the market open.
Never invest in any stock featured on our site or emails unless you can afford to lose your entire investment.
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15
S&P Shakes Up Euro Zone With Sweeping Downgrades
Comments off · Posted by admin in AllPennyStocks
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http://ymlp257.net/zsSxqN ——————————————————————————– January 15, 2012 Week In Review…
Week In Review For January 9 to January 13, 2012 Canadian Companies mentioned include:
* Confederation Minerals Ltd. (TSX-Venture:CFM) * Balmoral Resources Ltd. (TSX-Venture:BAR) * Cream Minerals Ltd. (TSX-Venture:CMA) * Global Minerals Ltd. (TSX-Venture:CTG) * Hodgins Auctioneers Inc. (TSX-Venture:HA) U.S. Companies mentioned include:
* Source Gold Corp. (OTCBB:SRGL) * American Power Corp. (OTCBB:AMPW) * China Armco Metals Inc. (AMEX:CNAM) * Lone Star Gold Inc. (OTCBB:LSTG) * AmeriLithium Corp. (OTCBB:AMEL) This week on AllPennyStocks.com:
* Article Published, January 10, 2012: Casing of Well Breathes Life Back Into Stock Price Of Junior Miner (http://www.allpennystocks.com/aps_ca/special_reports/240/Casing-of-Well-Breathes-Life-Back-Into-Stock-Price-Of-Junior-Miner.htm) (CDN Company) * Article Published, January 11, 2012: Five Million Contract Announcement Takes Micro-Cap to 52-Week Highs (http://www.allpennystocks.com/aps_us/special_reports/230/Five-Million-Contract-Announcement-Takes-Micro-Cap-to-52-Week-Highs.htm) (U.S. Company) * Article Published, January 13, 2012: Junior Light Maker Finally Reveals Name in Major Supply Agreement (http://www.allpennystocks.com/aps_us/special_reports/231/Junior-Light-Maker-Finally-Reveals-Name-in-Major-Supply-Agreement.htm) (CDN / U.S. Company) Video charts for the week:
* January 10th Technical Video Chart For SRGL. An increase in volume to end last week and a double bottom pattern puts Source Gold on radar this week as a technical stock to watch. Bottom support is at a nickel, with additional support at 7 cents. Strong resistance doesn`t enter the picture until 12 cents, which offers a substantial upside for technical traders. view:
( http://www.youtube.com/user/AllPennyStocks#p/a/u/0/r730E7hyWAM ).
* January 11th Technical Video Chart For CFM:CA. The Confederation Minerals chart is making a smooth climb off the bottom and transitioning from a bearish to bullish chart. Resistance is in front at 49 cents, but a break of that can yield nice gains to the next resistance point. view:
( http://www.youtube.com/user/AllPennyStocks#p/a/u/1/uMU-FXH35Go ).
Follow AllPennyStocks.com on Twitter: Click here: ( http://www.allpennystocks.com/aps_common/twitter.asp ) to join AllPennyStocks.com on Twitter. Find out about the penny stocks to watch before anyone else, only on Twitter. Following AllPennyStocks.com is free, get all the details here: ( http://www.allpennystocks.com/aps_common/twitter.asp ).
WEEKLY UPDATE – NORTH AMERICAN CONTINUE UPWARD PUSH DESPITE CONCERNS OVER EUROPE North American stocks gained early in the week on light volume as investors were optimistic about a fresh batch of earnings reports trickling in, including Alcoa topping expectations. Moving towards mid-week, caution took precedent and pared early gains as news about Europe moved to the forefront once again upon rumors of Standard & Poor`s lining-up European countries for downgrades. Similarly, Fitch`s Head of Global Sovereign Ratings David Riley warned of a significant chance of a rating downgrade for Italy because of a lack of a credible financial firewall in Europe. By week`s end, Standard & Poor`s had cut France`s top triple-A credit rating, which it has held since 1975, by one notch to AA+, spurring a promise from French President Nicolas Sarkozy to impose a new tax on financial transactions, a move which was not well received. Austria, Spain and Italy were also all downgraded.
Further news from across the pond that impacted sentiment in North America included the European Central Bank deciding to keep interest rates unchanged, which mildly helped the Euro against the US dollar.
Euro-area industrial production declined for the third consecutive month in November (down 0.1%), fueling concerns about European growth potential. Adding salt to the wound, banks suspended talks with Greece over debt restructuring, a move that will delay efforts to assist with Europe`s ongoing sovereign debt problems.
The downgrades and debt concerns only tempered the moods on Wall and Bay Streets as all five major indices moved forward again this past week. U.S. stocks rose for a second week, with benchmark indices reaching five-month highs on Thursday, on bets that slowing production in China may result in Chinese leaders taking action to spur economic growth. Metals were strong, helping the TSX and the smaller Venture Exchange grow for the fourth straight week, despite closing well off their highs. Stateside, investors are apparently seeing strength in the long-term with heavy purchases in stocks tied to economic growth, such as Caterpillar, the world`s largest construction and mining equipment maker. The worries over contagion from European economic fallout also appears to be fading for the time being as S&P 500 bank stocks rose an average of 3.1 percent last week. Financials will be in focus next week with a flurry of bank earnings on tap. Wells Fargo and Citigroup are scheduled to report their earnings on Tuesday; Goldman Sachs reports on Wednesday; and Bank of America and Morgan Stanley report on Thursday.
The markets in general may have only mildly advanced last week, but the type of news that emerged this last week probably would have crumpled the markets in months prior, giving an indication that investors were a bit too defensive to end 2011 and are looking to be a bit more aggressive with their portfolios at this point.
The US dollar gained ground against most of its major trading partners following the U.S. trade balance report, which showed a widening gap in U.S. imports and exports. Generally regarded as a safe haven currency, the USD also drew strength on the rumors of imminent downgrades of EU countries. The Canadian dollar teetered back and forth against the greenback while gaining against the Euro for the eighth straight week on European concerns. The polar opposite of the U.S., Canada`s currency drew strength after Statistics Canada reported that Canada`s trade balance with the world improved dramatically in November. On the week, Canada`s currency finally picked-up a bit of ground against the USD, ending the week with one Canadian dollar buying US$0.97766.
Commodity Snapshot:
* Gold futures suffered their largest loss in two weeks (down 1%) on Friday on a rebounding dollar and the steam coming out of equities causing a decrease in demand for commodities. The Friday drop followed three straight up days. February gold contracts, the most actively traded, appreciated by $14, or 0.87%, to close at $1,630.80 per troy ounce. It is interesting to note that on Friday the Goldman Sachs Group called for gold to rise to $1,940 in 12 months.
* Much like gold, silver fell on Friday, but reversed its December downtrend as investors` appetite for commodities increased in the second week of January. Even with the Friday slide, average silver prices rose to $29.63 an ounce, by breaking above $30 for the first time in a month. March contracts advanced to settle the week at $29.522, representing a rise of 83.9 cents, or 2.93%.
* Copper pushed to touch its highest levels since the last week of October 2011 even with a tepid 0.3 decline on Friday. Copper demand was modestly tempered on reports of high stockpiles in China, the world`s largest importer of copper. March contracts, the most actively traded on the Comex division of the New York Mercantile Exchange, accelerated upward by 20.2 cents, or 5.88%, to close the week at $3.637 per pound.
* Oil snapped its multi-week winning streak by diving to three-week lows after two European Union officials said an embargo on Iranian crude imports may be postponed for six months. Fading to its lowest levels since December 21st, crude for February delivery prices lost 2.82%, or $2.86 per barrel, on the week to close at $98.70. In a general side note to oil, TransCanada Corp. has beefed-up its Keystone XL campaign efforts with advertisements now running regularly on television encouraging Americans to support the pipeline, a major topic of debate between the oil industry and environmental activists.
The argument has been ongoing, but this is the first time it has been tied to such highly-visible national ads detailing creating more than 20,000 jobs in America and the upcoming Presidential elections.
Equity Market Snapshot:
* As mentioned, bank stocks continued their strong ways. The largest bank in the U.S. by assets, JPMorgan Chase & Co., despite posting a 23% drop in profit on lower investment-banking fees and revenue from trading stocks and bonds, still notched gains on the week. Shares of JPM rose 1.58% to $35.92. Other notable gainers for the week were Bank of America (+6.96%), Citigroup (+7.67%) and Goldman Sachs (+5.93%). Canadian banks extended their winning ways as well with Bank of Montreal (+0.45%) climbing for the fourth straight week, Royal Bank of Canada adding 0.08% and Toronto Dominion Bank appreciating by 1.67%, equaling BMO`s winning streak.
* Gold plays expanded their value with bullion rising. Barrick Gold added 1.68% after climbing 5.06% the week prior, Goldcorp finally stopped its slide by adding 3.25% and Kinross Gold rose 2.85%, adding to its 7.89% from two weeks ago. First Quantum Minerals Ltd. joined the broad rally by adding 3.50%.
* Sears Holdings Corp., which has fallen from over $80 per share in October 2011 to current levels around $30, rallied 14.93 percent on the week to $33.56 after reports that Chairman Edward Lampert, who controls the company along with his hedge fund, boosted his personal stake in the retailer.
* Alcoa, the biggest U.S. aluminum producer and first company in the Dow to report earnings, topped estimates as it posted fourth-quarter sales that rose 6 percent to $5.99 billion. Shares of AA surged 6.99% on the week with the report.
* Canada`s largest publicly traded miner, Teck Resources Ltd., is looking to bolster its position in the oil business, offering more than $435 million for its oil sands partner SilverBirch Energy Corp.
Shares of TCK.A advanced 2.61% to $39.35. Shares of Venture-traded SBE seared ahead by 33.75% to $9.63.
* Solar stocks had a strong week upon news that the China National Energy Administration said it plans to develop 3 gigawatts of solar capacity in 2012. Shares of First Solar Inc. rose 13.18 percent to $39.92. Ascent Solar Technologies Inc. rose by 26.68% to $0.67. None compared with Energy Conversion Devices as news of a debt payment combined with solar play movement in general sent the stock sizzling upward by a whopping 220.52% on the week to $0.929 after hitting an intraweek high of $1.17.
* Swiss drug maker Novartis said that it is recalling bottles of over the counter drugs, including Bufferin and Excedrin, because of complaints about broken and mislabeled pills. Shares of NVS skidded by 2.63% on the week.
* Research In Motion Ltd. gained ground again last week, rising 4.94%, as the tech company introduced its new PlayBook at the annual Consumer Electronics Show in Las Vegas. Shares have now risen in four consecutive weeks.
* Shares of Netflix have added value in three of the last four weeks.
The week stated strong with Netflix launching its services in the United Kingdom and Ireland. Later in the week, news from CEO Reed Hastings that the company began gaining back U.S. subscribers in the fourth quarter of last year helped strengthen the stock price, although Hasting said that he still doesn`t expect the company to turn a profit in 2012. Shares of NFLX appreciated by 9.38% on the week.
* Turbocharger maker BorgWarner Inc. rose on its 2012 forecast of profits between $5.35 to $5.65 a share. Shares of BWA added 13.18% on the week to $73.70.
* Shares in lululemon athletica inc. continued the prior week`s rise after the yoga-inspired retailer raised its profit and revenue estimates. The company anticipates diluted earnings to ring-in around 48 cents per share this year. Shares of LULU added 15.42% to $61.96 for the week.
* Shares of Crocs spiked after the company said it expected its fourth-quarter revenue to come in at the high end of its forecast and full-year sales to top $1 billion U.S. Shares of CROX rose 19.91% on the week to $18.31.
* In other earnings news, Shaw Communications Inc. reported that Q1 profits rose to $202 million, or 43 cents a share, on a 19 percent rise in revenue. Still, the numbers were less than expected and shares tumbled by 2.79% on the week.
* After selling its namesake to JCPenney in October, apparel company Liz Claiborne announced that it will be changing its name to Fifth & Pacific Companies and getting a new ticker symbol (FNP) in May. The company also lowered its 2012 outlook and reported the departure of its chief financial officer, Andrew Warren, who is heading to work as CFO at Discovery Communications. Shares of LIZ slid 4.16% on the week after rising the prior three weeks.
Weekly Indices Results:
The S&P TSX Composite Index made it four straight green weeks, adding 42.42 points, or 0.35%, to 12,231.06. The TSX Venture Exchange followed, rising by 10.30 points, or 0.68%, to finish at 1,536.03.
In the States, the Dow Jones Industrial Average joined in the North American winning streak, increasing by 62.14 points, or 0.50%, on the week to 12,422.06. The much-broader S&P 500 performed similarly, moving forward by 11.28 points, or 0.88%, on the week to close at 1,289.09. The tech-rich NASDAQ Composite made it a green sweep, rising by 36.45 points, or 1.36%, to 2,710.67.
Canadian Economic Data:
* The Canada Mortgage and Housing Corporation said that housing starts rose in December, mainly attributable to multiple urban starts.
On a seasonally adjusted annual rate, housing starts were 200,200 units, up from 185,600 units in November 2011. Urban starts in Ontario and Atlantic Canada paced the gainers.
* Although declining for the fourth time in five months, Canadian monthly building permits fell less than expected in November. The total value of building permits issued by municipalities fell 3.6% to $6.1 billion. The consensus call was for a 5% decline, according to a report issued by Royal Bank of Canada.
* The New Housing Price Index rose 0.3% in November, following a 0.2% increase in October. The rise remains very close to the norm the index has been observing lately; increasing between 0.1% and 0.2% over the month. On an annual basis the index advanced 2.5% in November, led by price increases in the metropolitan region of Toronto and Oshawa area; increasing 6.2% from a year ago.
* Canada`s merchandise exports increased 3.2%, while imports declined 0.8%. As a result, Canada`s trade balance with the world went from a deficit of $487 million in October to a surplus of $1.1 billion in November.
Next week is a heavy economic data week for Canada with New Motor Sales coming on Monday and BoC rate decision on Tuesday along with Canada`s international transactions in securities. Thursday will bring multiple updates including Employment Insurance, the Monthly Survey of Manufacturing and the Consumer Price Index. Friday will conclude the week with Wholesale Trade updates.
U.S. Economic Data:
* Confirming a slowdown in consumer spending heading into 2012, sales at U.S. retailers rose less than projected in December. Retail sales rose just 0.1 percent for December after a 0.4 percent increase in November, according to figures from the Commerce Department. On the positive side, for all of 2011, retailers had their strongest sales year since 1999. Purchases climbed 7.7 percent after a 6.5 percent gain in 2010.
* In a disappointing report from the Commerce Department, the U.S.
Trade Deficit rose in November to $47.75 billion from a slightly downwardly revised $43.27 billion in October. The November stats were worse than the expected level of $44.0 billion. On a year-over-year basis, the total trade deficit was up by 24.5% from $38.84 billion.
* Stats from the Labor Department showed that jobless claims rose by 24,000 to 399,000 for the week ended Jan. 7th, 2012. The figure was higher than analysts had expected and partially validated earlier arguments that decreases in unemployment in December may have been skewed by seasonal hiring and some members of the work force giving-up on looking for work.
* In January, confidence among U.S. consumers topped expectations in rising to the highest level in eight months, a sign household spending may hold up early this year. The Thomson Reuters/University of Michigan preliminary index of consumer sentiment rose to 74 from 69.9 in December. A median Bloomberg estimate was anticipating a 71.5 reading.
Next week, investors will be watching for updates on the Price Producer Index and Industrial Production on Wednesday; Consumer Price Index, the Philadelphia Fed Manufacturing Survey and Housing Starts on Thursday; and Existing Home Sales Change on Friday.
Penny Stocks to Watch & Company Spotlight Results:
Among the stocks we watched this week, precious metal explorer Balmoral Resources Ltd. (TSX-Venture:BAR) moved up early and never looked back; closing the week ahead by $0.15, or 18.29%, at $0.97 with an intraweek high of $1.00. The other stock we had on radar, mineral explorer Confederation Minerals Ltd. (TSX-Venture:CFM) was a winner as well with an intraweek high of 49.5 cents and a close at $0.48 for a gain of a penny, or 2.13%.
In the States, junior explorer Source Gold Corp. (OTCBB:SRGL) was another stellar play; surging to an intraweek high of 13 cents before settling at 12 cents for gains of a nickel, or 71.43%, per share. The other U.S. stock on our watchlist, energy company American Power Company (OTCBB:AMPW), produced early gains with a high of 22.8 cents, but lost its momentum to close down by 3 cents, or 15%, at 17 cents.
If you`d invested in all four stocks and held them to the end, you`d have seen a nice gain of 19.21%, our third straight week of gains over 10% cumulatively. However, if you`d bought all four at the beginning of the week and sold each at its peak, you`d have realized average gains of a whopping 30.50%.
Next week, we focus on Canada`s Cream Minerals Ltd. (TSX-Venture:CMA) and Global Minerals Ltd. (TSX-Venture:CTG). In the States, look for big things from China Armco Metals Inc. (AMEX:CNAM) and Lone Star Gold Inc. (OTCBB:LSTG).
Our latest U.S. spotlight, AmeriLithium Corp. (OTCBB:AMEL) announced positive results from its 2nd stage controlled source audio magneto-telluric (CSAMT) survey on the Company`s Clayton Deep lithium project. Results from a previous gravity survey were used to place the CSAMT survey lines over two deep zones in the central portions of the Clayton Deep basin. The stratigraphic and structural detail shown in the CSAMT data for both survey lines indicates the presence of highly conductive layers that are indicators of brines below the surface within the Company`s claim block.
Shares of AMEL had made a strong move throughout December, but retraced in the first week of January. Recognizing the pullback as the opportunity, we then released our profile and now the share value looks to be back on the rise as profit taking from the first run is over. Shares rose 35% since our spotlight on the Company on strong volume. We encourage our members to keep a close eye on AMEL next week for a possible continuation of the upward pressure.
Our most recent Canadian spotlight, Hodgins Auctioneers Inc.
(TSX-Venture:HA) is continually appreciating in value. Originally brought to our members at a price of 8.5 cents, shares are up more than 50 percent with Friday`s close at $0.13. This is a strong, well-established company that is aggressively and strategically expanding its footprint while maintaining high profit margins. Be sure to keep an eye on Hodgins as it is now sitting at 52-week highs and threatening a blue-sky breakout.
————————- Forward Looking Statements This report includes forward-looking statements that reflect the mentioned companies current expectations about its future results, performance, prospects and opportunities. the mentioned companies has tried to identify these forward-looking statements by using words and phrases such as “may,” “will,” “expects,” “anticipates,” “believes,” “intends,” “estimates,” “plan,” “should,” “typical,” “preliminary,” “we are confident” or similar expressions. These forward-looking statements are based on information currently available and are subject to a number of risks, uncertainties and other factors that could cause the mentioned companies actual results, performance, prospects or opportunities to differ materially from those expressed in, or implied by, these forward-looking statements. These risks, uncertainties and other factors include, without limitation, the Company`s growth expectations and ongoing funding requirements, and specifically, the Company`s growth prospects with scalable customers, and those outlined above. Other risks include the Company`s limited operating history, the Company`s history of operating losses, consumers` acceptance, the Company`s use of licensed technologies, risk of increased competition, the potential need for additional financing, the terms and conditions of any financing that is consummated, the limited trading market for the Company`s securities, the possible volatility of the Company`s stock price, the concentration of ownership, and the potential fluctuation in the Company`s operating results.
Disclaimer AllPennyStocks.com feature stock reports are intended to be stock ideas, NOT recommendations. Please do your own research before investing. It is crucial that you at least look at current SEC filings and read the latest press releases. Information contained in this report was extracted from current documents filed with the SEC, the company web site and other publicly available sources deemed reliable.
For more information see our disclaimer section, a link of which can be found on our web site. This document contains forward-looking statements, particularly as related to the business plans of the Company, within the meaning of Section 27A of the Securities Act of 1933 and Sections 21E of the Securities Exchange Act of 1934, and are subject to the safe harbor created by these sections. Actual results may differ materially from the Company`s expectations and estimates.
This is an advertisement for the above mentioned companies. The purpose of this advertisement, like any advertising, is to provide coverage and awareness for the company. The information provided in this advertisement is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation or which would subject us to any registration requirement within such jurisdiction or country.
© 1999-2012 AllPennyStocks.com. All rights reserved.
AllPennyStocks.com is not a Registered Broker/Dealer or Financial Advisor, nor do we hold ourselves out to be. All materials presented on our web site and individual reports released to the public through this web site, e-mail or any other means of transmission are not to be regarded as investment advice and are only for informative purposes.
Before making a purchase or sale of any securities featured on our web site or mentioned in our reports, we strongly encourage and recommend consultation with a registered securities representative. This is not to be construed as a solicitation or recommendation to buy or sell securities. As with any stock, companies we select to profile involve a degree of investment risk and volatility. Particularly Small-Caps and OTC-BB stocks. All investors are cautioned that they may lose all or a portion of their investment if they decide to make a purchase in any of our profiled companies. Past performance of our profiled stocks is not indicative of future results. The accuracy or completeness of the information on our web site or within our reports is only as reliable as the sources they were obtained from. The profile and opinions expressed herein are expressed as of the date the profile is posted on site and are subject to change without notice. No investor should assume that reliance on the views; opinions or recommendations contained herein will produce profitable results. AllPennyStocks.com may hold positions in securities mentioned herein, and may make purchases or sales in such securities featured on our web site or within our reports. In order to be in full compliance with the Securities Act of 1933, Section 17(b), AllPennyStocks.com will disclose in it`s disclaimer, what, if any compensation was received for our efforts in researching, presenting and disseminating this information to our subscriber database and featuring the report on the AllPennyStocks.com web site. AllPennyStocks.com has been compensated seven thousand five hundred dollars by the Company for its efforts in presenting the V.HA profile on its web site and distributing it to its database of subscribers as well as other services. AllPennyStocks.com has been compensated six thousand five hundred dollars by a non-affiliated third-party, SmallCapVoice.com for its efforts in presenting the AMEL profile on its web site and distributing it to its database of subscribers as well as other services. AllPennyStocks.com may decide to purchase or sell shares on a voluntary basis in the open market before, during or after the profiling period of this report. As of the profile date, twelve thousand shares have been sold.
AllPennyStocks.com may decide to purchase or sell shares on a voluntary basis in the open market before, during or after the profiling period of this report. As of the profile date, twelve thousand shares have been sold. Information presented on our web site and within our reports contain “forward looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions or future events or performance are not statements of historical fact and may be “forward looking statements.” Forward looking statements are based on expectations, estimates and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements in this action may be identified through the use of words such as “expects”, “will,” “anticipates,” “estimates, “believes,” or that by statements indicating certain actions “may,” “could,” or “might” occur.
THE READER SHOULD VERIFY ALL CLAIMS AND DO THEIR OWN DUE DILIGENCE BEFORE INVESTING IN ANY SECURITIES MENTIONED. INVESTING IN SMALL CAP SECURITIES IS SPECULATIVE AND CARRIES A HIGH DEGREE OF RISK.
We encourage our readers to invest carefully and read the investor information available at the web sites of the Securities and Exchange Commission (SEC) at: http://www.sec.gov ( http://www.sec.gov ) and/or the National Association of Securities Dealers (NASD) at:
http://www.nasd.com ( http://www.nasd.com ). Readers can review all public filings by companies at the SEC`s EDGAR page. The NASD has published information on how to invest carefully at its web site.
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AMEL · AMPW · CNAM · CROX · CSAMT · LSTG · LULU · NFLX · SRGL
15
S&P Shakes Up Euro Zone With Sweeping Downgrades
Comments off · Posted by admin in AllPennyStocks
You can read the original version online:
http://ymlp257.net/zsSxqN ——————————————————————————– January 15, 2012 Week In Review…
Week In Review For January 9 to January 13, 2012 Canadian Companies mentioned include:
* Confederation Minerals Ltd. (TSX-Venture:CFM) * Balmoral Resources Ltd. (TSX-Venture:BAR) * Cream Minerals Ltd. (TSX-Venture:CMA) * Global Minerals Ltd. (TSX-Venture:CTG) * Hodgins Auctioneers Inc. (TSX-Venture:HA) U.S. Companies mentioned include:
* Source Gold Corp. (OTCBB:SRGL) * American Power Corp. (OTCBB:AMPW) * China Armco Metals Inc. (AMEX:CNAM) * Lone Star Gold Inc. (OTCBB:LSTG) * AmeriLithium Corp. (OTCBB:AMEL) This week on AllPennyStocks.com:
* Article Published, January 10, 2012: Casing of Well Breathes Life Back Into Stock Price Of Junior Miner (http://www.allpennystocks.com/aps_ca/special_reports/240/Casing-of-Well-Breathes-Life-Back-Into-Stock-Price-Of-Junior-Miner.htm) (CDN Company) * Article Published, January 11, 2012: Five Million Contract Announcement Takes Micro-Cap to 52-Week Highs (http://www.allpennystocks.com/aps_us/special_reports/230/Five-Million-Contract-Announcement-Takes-Micro-Cap-to-52-Week-Highs.htm) (U.S. Company) * Article Published, January 13, 2012: Junior Light Maker Finally Reveals Name in Major Supply Agreement (http://www.allpennystocks.com/aps_us/special_reports/231/Junior-Light-Maker-Finally-Reveals-Name-in-Major-Supply-Agreement.htm) (CDN / U.S. Company) Video charts for the week:
* January 10th Technical Video Chart For SRGL. An increase in volume to end last week and a double bottom pattern puts Source Gold on radar this week as a technical stock to watch. Bottom support is at a nickel, with additional support at 7 cents. Strong resistance doesn`t enter the picture until 12 cents, which offers a substantial upside for technical traders. view:
( http://www.youtube.com/user/AllPennyStocks#p/a/u/0/r730E7hyWAM ).
* January 11th Technical Video Chart For CFM:CA. The Confederation Minerals chart is making a smooth climb off the bottom and transitioning from a bearish to bullish chart. Resistance is in front at 49 cents, but a break of that can yield nice gains to the next resistance point. view:
( http://www.youtube.com/user/AllPennyStocks#p/a/u/1/uMU-FXH35Go ).
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WEEKLY UPDATE – NORTH AMERICAN CONTINUE UPWARD PUSH DESPITE CONCERNS OVER EUROPE North American stocks gained early in the week on light volume as investors were optimistic about a fresh batch of earnings reports trickling in, including Alcoa topping expectations. Moving towards mid-week, caution took precedent and pared early gains as news about Europe moved to the forefront once again upon rumors of Standard & Poor`s lining-up European countries for downgrades. Similarly, Fitch`s Head of Global Sovereign Ratings David Riley warned of a significant chance of a rating downgrade for Italy because of a lack of a credible financial firewall in Europe. By week`s end, Standard & Poor`s had cut France`s top triple-A credit rating, which it has held since 1975, by one notch to AA+, spurring a promise from French President Nicolas Sarkozy to impose a new tax on financial transactions, a move which was not well received. Austria, Spain and Italy were also all downgraded.
Further news from across the pond that impacted sentiment in North America included the European Central Bank deciding to keep interest rates unchanged, which mildly helped the Euro against the US dollar.
Euro-area industrial production declined for the third consecutive month in November (down 0.1%), fueling concerns about European growth potential. Adding salt to the wound, banks suspended talks with Greece over debt restructuring, a move that will delay efforts to assist with Europe`s ongoing sovereign debt problems.
The downgrades and debt concerns only tempered the moods on Wall and Bay Streets as all five major indices moved forward again this past week. U.S. stocks rose for a second week, with benchmark indices reaching five-month highs on Thursday, on bets that slowing production in China may result in Chinese leaders taking action to spur economic growth. Metals were strong, helping the TSX and the smaller Venture Exchange grow for the fourth straight week, despite closing well off their highs. Stateside, investors are apparently seeing strength in the long-term with heavy purchases in stocks tied to economic growth, such as Caterpillar, the world`s largest construction and mining equipment maker. The worries over contagion from European economic fallout also appears to be fading for the time being as S&P 500 bank stocks rose an average of 3.1 percent last week. Financials will be in focus next week with a flurry of bank earnings on tap. Wells Fargo and Citigroup are scheduled to report their earnings on Tuesday; Goldman Sachs reports on Wednesday; and Bank of America and Morgan Stanley report on Thursday.
The markets in general may have only mildly advanced last week, but the type of news that emerged this last week probably would have crumpled the markets in months prior, giving an indication that investors were a bit too defensive to end 2011 and are looking to be a bit more aggressive with their portfolios at this point.
The US dollar gained ground against most of its major trading partners following the U.S. trade balance report, which showed a widening gap in U.S. imports and exports. Generally regarded as a safe haven currency, the USD also drew strength on the rumors of imminent downgrades of EU countries. The Canadian dollar teetered back and forth against the greenback while gaining against the Euro for the eighth straight week on European concerns. The polar opposite of the U.S., Canada`s currency drew strength after Statistics Canada reported that Canada`s trade balance with the world improved dramatically in November. On the week, Canada`s currency finally picked-up a bit of ground against the USD, ending the week with one Canadian dollar buying US$0.97766.
Commodity Snapshot:
* Gold futures suffered their largest loss in two weeks (down 1%) on Friday on a rebounding dollar and the steam coming out of equities causing a decrease in demand for commodities. The Friday drop followed three straight up days. February gold contracts, the most actively traded, appreciated by $14, or 0.87%, to close at $1,630.80 per troy ounce. It is interesting to note that on Friday the Goldman Sachs Group called for gold to rise to $1,940 in 12 months.
* Much like gold, silver fell on Friday, but reversed its December downtrend as investors` appetite for commodities increased in the second week of January. Even with the Friday slide, average silver prices rose to $29.63 an ounce, by breaking above $30 for the first time in a month. March contracts advanced to settle the week at $29.522, representing a rise of 83.9 cents, or 2.93%.
* Copper pushed to touch its highest levels since the last week of October 2011 even with a tepid 0.3 decline on Friday. Copper demand was modestly tempered on reports of high stockpiles in China, the world`s largest importer of copper. March contracts, the most actively traded on the Comex division of the New York Mercantile Exchange, accelerated upward by 20.2 cents, or 5.88%, to close the week at $3.637 per pound.
* Oil snapped its multi-week winning streak by diving to three-week lows after two European Union officials said an embargo on Iranian crude imports may be postponed for six months. Fading to its lowest levels since December 21st, crude for February delivery prices lost 2.82%, or $2.86 per barrel, on the week to close at $98.70. In a general side note to oil, TransCanada Corp. has beefed-up its Keystone XL campaign efforts with advertisements now running regularly on television encouraging Americans to support the pipeline, a major topic of debate between the oil industry and environmental activists.
The argument has been ongoing, but this is the first time it has been tied to such highly-visible national ads detailing creating more than 20,000 jobs in America and the upcoming Presidential elections.
Equity Market Snapshot:
* As mentioned, bank stocks continued their strong ways. The largest bank in the U.S. by assets, JPMorgan Chase & Co., despite posting a 23% drop in profit on lower investment-banking fees and revenue from trading stocks and bonds, still notched gains on the week. Shares of JPM rose 1.58% to $35.92. Other notable gainers for the week were Bank of America (+6.96%), Citigroup (+7.67%) and Goldman Sachs (+5.93%). Canadian banks extended their winning ways as well with Bank of Montreal (+0.45%) climbing for the fourth straight week, Royal Bank of Canada adding 0.08% and Toronto Dominion Bank appreciating by 1.67%, equaling BMO`s winning streak.
* Gold plays expanded their value with bullion rising. Barrick Gold added 1.68% after climbing 5.06% the week prior, Goldcorp finally stopped its slide by adding 3.25% and Kinross Gold rose 2.85%, adding to its 7.89% from two weeks ago. First Quantum Minerals Ltd. joined the broad rally by adding 3.50%.
* Sears Holdings Corp., which has fallen from over $80 per share in October 2011 to current levels around $30, rallied 14.93 percent on the week to $33.56 after reports that Chairman Edward Lampert, who controls the company along with his hedge fund, boosted his personal stake in the retailer.
* Alcoa, the biggest U.S. aluminum producer and first company in the Dow to report earnings, topped estimates as it posted fourth-quarter sales that rose 6 percent to $5.99 billion. Shares of AA surged 6.99% on the week with the report.
* Canada`s largest publicly traded miner, Teck Resources Ltd., is looking to bolster its position in the oil business, offering more than $435 million for its oil sands partner SilverBirch Energy Corp.
Shares of TCK.A advanced 2.61% to $39.35. Shares of Venture-traded SBE seared ahead by 33.75% to $9.63.
* Solar stocks had a strong week upon news that the China National Energy Administration said it plans to develop 3 gigawatts of solar capacity in 2012. Shares of First Solar Inc. rose 13.18 percent to $39.92. Ascent Solar Technologies Inc. rose by 26.68% to $0.67. None compared with Energy Conversion Devices as news of a debt payment combined with solar play movement in general sent the stock sizzling upward by a whopping 220.52% on the week to $0.929 after hitting an intraweek high of $1.17.
* Swiss drug maker Novartis said that it is recalling bottles of over the counter drugs, including Bufferin and Excedrin, because of complaints about broken and mislabeled pills. Shares of NVS skidded by 2.63% on the week.
* Research In Motion Ltd. gained ground again last week, rising 4.94%, as the tech company introduced its new PlayBook at the annual Consumer Electronics Show in Las Vegas. Shares have now risen in four consecutive weeks.
* Shares of Netflix have added value in three of the last four weeks.
The week stated strong with Netflix launching its services in the United Kingdom and Ireland. Later in the week, news from CEO Reed Hastings that the company began gaining back U.S. subscribers in the fourth quarter of last year helped strengthen the stock price, although Hasting said that he still doesn`t expect the company to turn a profit in 2012. Shares of NFLX appreciated by 9.38% on the week.
* Turbocharger maker BorgWarner Inc. rose on its 2012 forecast of profits between $5.35 to $5.65 a share. Shares of BWA added 13.18% on the week to $73.70.
* Shares in lululemon athletica inc. continued the prior week`s rise after the yoga-inspired retailer raised its profit and revenue estimates. The company anticipates diluted earnings to ring-in around 48 cents per share this year. Shares of LULU added 15.42% to $61.96 for the week.
* Shares of Crocs spiked after the company said it expected its fourth-quarter revenue to come in at the high end of its forecast and full-year sales to top $1 billion U.S. Shares of CROX rose 19.91% on the week to $18.31.
* In other earnings news, Shaw Communications Inc. reported that Q1 profits rose to $202 million, or 43 cents a share, on a 19 percent rise in revenue. Still, the numbers were less than expected and shares tumbled by 2.79% on the week.
* After selling its namesake to JCPenney in October, apparel company Liz Claiborne announced that it will be changing its name to Fifth & Pacific Companies and getting a new ticker symbol (FNP) in May. The company also lowered its 2012 outlook and reported the departure of its chief financial officer, Andrew Warren, who is heading to work as CFO at Discovery Communications. Shares of LIZ slid 4.16% on the week after rising the prior three weeks.
Weekly Indices Results:
The S&P TSX Composite Index made it four straight green weeks, adding 42.42 points, or 0.35%, to 12,231.06. The TSX Venture Exchange followed, rising by 10.30 points, or 0.68%, to finish at 1,536.03.
In the States, the Dow Jones Industrial Average joined in the North American winning streak, increasing by 62.14 points, or 0.50%, on the week to 12,422.06. The much-broader S&P 500 performed similarly, moving forward by 11.28 points, or 0.88%, on the week to close at 1,289.09. The tech-rich NASDAQ Composite made it a green sweep, rising by 36.45 points, or 1.36%, to 2,710.67.
Canadian Economic Data:
* The Canada Mortgage and Housing Corporation said that housing starts rose in December, mainly attributable to multiple urban starts.
On a seasonally adjusted annual rate, housing starts were 200,200 units, up from 185,600 units in November 2011. Urban starts in Ontario and Atlantic Canada paced the gainers.
* Although declining for the fourth time in five months, Canadian monthly building permits fell less than expected in November. The total value of building permits issued by municipalities fell 3.6% to $6.1 billion. The consensus call was for a 5% decline, according to a report issued by Royal Bank of Canada.
* The New Housing Price Index rose 0.3% in November, following a 0.2% increase in October. The rise remains very close to the norm the index has been observing lately; increasing between 0.1% and 0.2% over the month. On an annual basis the index advanced 2.5% in November, led by price increases in the metropolitan region of Toronto and Oshawa area; increasing 6.2% from a year ago.
* Canada`s merchandise exports increased 3.2%, while imports declined 0.8%. As a result, Canada`s trade balance with the world went from a deficit of $487 million in October to a surplus of $1.1 billion in November.
Next week is a heavy economic data week for Canada with New Motor Sales coming on Monday and BoC rate decision on Tuesday along with Canada`s international transactions in securities. Thursday will bring multiple updates including Employment Insurance, the Monthly Survey of Manufacturing and the Consumer Price Index. Friday will conclude the week with Wholesale Trade updates.
U.S. Economic Data:
* Confirming a slowdown in consumer spending heading into 2012, sales at U.S. retailers rose less than projected in December. Retail sales rose just 0.1 percent for December after a 0.4 percent increase in November, according to figures from the Commerce Department. On the positive side, for all of 2011, retailers had their strongest sales year since 1999. Purchases climbed 7.7 percent after a 6.5 percent gain in 2010.
* In a disappointing report from the Commerce Department, the U.S.
Trade Deficit rose in November to $47.75 billion from a slightly downwardly revised $43.27 billion in October. The November stats were worse than the expected level of $44.0 billion. On a year-over-year basis, the total trade deficit was up by 24.5% from $38.84 billion.
* Stats from the Labor Department showed that jobless claims rose by 24,000 to 399,000 for the week ended Jan. 7th, 2012. The figure was higher than analysts had expected and partially validated earlier arguments that decreases in unemployment in December may have been skewed by seasonal hiring and some members of the work force giving-up on looking for work.
* In January, confidence among U.S. consumers topped expectations in rising to the highest level in eight months, a sign household spending may hold up early this year. The Thomson Reuters/University of Michigan preliminary index of consumer sentiment rose to 74 from 69.9 in December. A median Bloomberg estimate was anticipating a 71.5 reading.
Next week, investors will be watching for updates on the Price Producer Index and Industrial Production on Wednesday; Consumer Price Index, the Philadelphia Fed Manufacturing Survey and Housing Starts on Thursday; and Existing Home Sales Change on Friday.
Penny Stocks to Watch & Company Spotlight Results:
Among the stocks we watched this week, precious metal explorer Balmoral Resources Ltd. (TSX-Venture:BAR) moved up early and never looked back; closing the week ahead by $0.15, or 18.29%, at $0.97 with an intraweek high of $1.00. The other stock we had on radar, mineral explorer Confederation Minerals Ltd. (TSX-Venture:CFM) was a winner as well with an intraweek high of 49.5 cents and a close at $0.48 for a gain of a penny, or 2.13%.
In the States, junior explorer Source Gold Corp. (OTCBB:SRGL) was another stellar play; surging to an intraweek high of 13 cents before settling at 12 cents for gains of a nickel, or 71.43%, per share. The other U.S. stock on our watchlist, energy company American Power Company (OTCBB:AMPW), produced early gains with a high of 22.8 cents, but lost its momentum to close down by 3 cents, or 15%, at 17 cents.
If you`d invested in all four stocks and held them to the end, you`d have seen a nice gain of 19.21%, our third straight week of gains over 10% cumulatively. However, if you`d bought all four at the beginning of the week and sold each at its peak, you`d have realized average gains of a whopping 30.50%.
Next week, we focus on Canada`s Cream Minerals Ltd. (TSX-Venture:CMA) and Global Minerals Ltd. (TSX-Venture:CTG). In the States, look for big things from China Armco Metals Inc. (AMEX:CNAM) and Lone Star Gold Inc. (OTCBB:LSTG).
Our latest U.S. spotlight, AmeriLithium Corp. (OTCBB:AMEL) announced positive results from its 2nd stage controlled source audio magneto-telluric (CSAMT) survey on the Company`s Clayton Deep lithium project. Results from a previous gravity survey were used to place the CSAMT survey lines over two deep zones in the central portions of the Clayton Deep basin. The stratigraphic and structural detail shown in the CSAMT data for both survey lines indicates the presence of highly conductive layers that are indicators of brines below the surface within the Company`s claim block.
Shares of AMEL had made a strong move throughout December, but retraced in the first week of January. Recognizing the pullback as the opportunity, we then released our profile and now the share value looks to be back on the rise as profit taking from the first run is over. Shares rose 35% since our spotlight on the Company on strong volume. We encourage our members to keep a close eye on AMEL next week for a possible continuation of the upward pressure.
Our most recent Canadian spotlight, Hodgins Auctioneers Inc.
(TSX-Venture:HA) is continually appreciating in value. Originally brought to our members at a price of 8.5 cents, shares are up more than 50 percent with Friday`s close at $0.13. This is a strong, well-established company that is aggressively and strategically expanding its footprint while maintaining high profit margins. Be sure to keep an eye on Hodgins as it is now sitting at 52-week highs and threatening a blue-sky breakout.
————————- Forward Looking Statements This report includes forward-looking statements that reflect the mentioned companies current expectations about its future results, performance, prospects and opportunities. the mentioned companies has tried to identify these forward-looking statements by using words and phrases such as “may,” “will,” “expects,” “anticipates,” “believes,” “intends,” “estimates,” “plan,” “should,” “typical,” “preliminary,” “we are confident” or similar expressions. These forward-looking statements are based on information currently available and are subject to a number of risks, uncertainties and other factors that could cause the mentioned companies actual results, performance, prospects or opportunities to differ materially from those expressed in, or implied by, these forward-looking statements. These risks, uncertainties and other factors include, without limitation, the Company`s growth expectations and ongoing funding requirements, and specifically, the Company`s growth prospects with scalable customers, and those outlined above. Other risks include the Company`s limited operating history, the Company`s history of operating losses, consumers` acceptance, the Company`s use of licensed technologies, risk of increased competition, the potential need for additional financing, the terms and conditions of any financing that is consummated, the limited trading market for the Company`s securities, the possible volatility of the Company`s stock price, the concentration of ownership, and the potential fluctuation in the Company`s operating results.
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For more information see our disclaimer section, a link of which can be found on our web site. This document contains forward-looking statements, particularly as related to the business plans of the Company, within the meaning of Section 27A of the Securities Act of 1933 and Sections 21E of the Securities Exchange Act of 1934, and are subject to the safe harbor created by these sections. Actual results may differ materially from the Company`s expectations and estimates.
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AMEL · AMPW · CNAM · CROX · CSAMT · LSTG · LULU · NFLX · SRGL
——————- Hot Stocks To Watch ——————- Company: AmeriLithium Corp. (OTCBB: AMEL) Last Trade:
Price: 0.139 Change (%): + 0.039 (39.00) Volume: 1,075,959 http://0webinfo.com/ss/link.phpM15558&N740&C8e970abf490d59bca7e65165b8238f56&L2013 ———– Recent News ———– AmeriLithium Announces Positive CSAMT Survey Results on Nevada-Based Clayton Deep Lithium Brine Project HENDERSON, NV, Jan. 10, 2012 /PRNewswire/ =E2 AmeriLithium Corp. (OTC Bulletin Board: AMEL; =E2AmeriLithium=E2 or =E2the Company=E2) is pleased to announce positive results from its 2nd stage controlled source audio magneto-telluric (CSAMT) survey on the Company=E2s Clayton Deep lithium project.
Results from a previous gravity survey were used to place the CSAMT survey lines over two deep zones in the central portions of the Clayton Deep basin. The stratigraphic and structural detail shown in the CSAMT data for both survey lines indicates the presence of highly conductive layers that are indicators of brines below the surface within the Company=E2s claim block.
Zonge International completed the CSAMT survey on December 4th, 2011, and the report detailing the survey has been received from J.L. Wright Geophysics. Wright compiled and interpreted the data collected by Zonge with the objective of defining structures and stratigraphy in the basin as an aid to the development of a lithium brine test drilling program. According to Wright, delineation of possible lithium bearing aquifers and inter-basin structures is critical to the exploration effort.
Of particular interest in the report=E2s findings is the presence of low resistivity in sedimentary layers within the Clayton Deep basin and their proximity to basin-edge faults; while these findings are highly suggestive of brine aquifers, they do not guarantee the presence of economic lithium-bearing brine concentrations. Rather, the only true test for economic concentrations of lithium is drilling, groundwater sampling, and laboratory analysis, which comprise the next step in AmeriLithium=E2s exploration process.
Three drillhole locations have been identified based on the CSAMT results. Drilling depths are anticipated to be between 250 and 400 meters (820 and 1300 feet). Drillholes will be designed to penetrate into the low-resistivity unit enabling the collection of water samples for analysis. An additional target will be the base of the conductive layer in order to confirm the stratigraphy in the basin.
Read More =C2 http://0webinfo.com/ss/link.phpM15558&N740&C8e970abf490d59bca7e65165b8238f56&L2083 ——————————————— IMPORTANT DISCLAIMER – PLEASE READ THOROUGHLY ——————————————— SmallCapVoice (SCV) is an electronic publication.
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We are compensated for these advertisements by the profiled companies. You should not use this newsletter as the sole basis for any investment decision. While all investments involve risk, microcap stocks are among the most risky. Many microcap companies have no proven track record. You should only invest in microcap companies if you can afford to lose your entire investment. You should consult a qualified, licensed financial advisor or stock broker before making any decisions to invest in the securities of any company that is described in these profiles. These profiles are paid advertisements. Although we have a reasonable belief that the information in each profile is accurate, we cannot guarantee that the information is accurate. It is important for you to verify all information by your own independent research. You are receiving this message because you have agreed to receive emails from SmallCapVoice.com. opt out of our distribution list at any time by clicking on the =E2
