Enter your Email Address


Useful Links

Know What The Insiders Are Doing!
Stock Trading Software

More Links




[Most Recent Quotes from www.kitco.com]

[Most Recent Quotes from www.kitco.com]




StockGuru Featured Company: Sunergy, Inc. (SNEY.OB)

QualityStocks (November 10th, 2009) Writes:

Sunergy, Inc. is a production oriented junior mining company focused on the evaluation, acquisition, exploration, planned operation and advancement of gold/silver/diamond development. The company controls 100% of the 150 SQ. Km. Nyinahin mining concession with a full prospecting license. The concession is surrounded by several operating mines and is adjacent to Newmont Mining’s property.

The Ofin River flows through the eastern portion of the concession and there are numerous artisan pits ready for testing and evaluation for near term production. The Ofin River is known for good alluvial gold production. Artisans usually recover about 30% of the available gold through primitive hand methods, leaving 60-70% to be recovered by modern mechanical operations.

A preliminary survey by Geodita Resources LTD, Ghana indicates that the Nyinahin Concession has significant potential for lode gold mineralization and for recovery of alluvial gold. There are 3 major anomalous zones: Owusbukurom anomaly in the center Ntoboroso anomaly

...

Company News for October 29, 2009 – Corporate Summary

Zacks Market Commentaries (October 29th, 2009) Writes:

• Aetna (NYSE:AET) reported third quarter earnings of 69 cents a share, 3 cents better than Zacks estimates, on revenues of $8.72 billion, up 14.4%.  The company sees full year earnings of $2.75 a share

• OfficeMax (NYSE:OMX) posted third quarter earnings of 8 cents, 6 cents below Zacks estimates on inline revenues of $1.83 billion, down 12.6%. The firm issued cautious guidance, anticipating macro employment trends will not turn positive well into 2010

• Nintendo (NASDAQ:NTDOY) posted first half profits off 52% to $768 million, while sales dropped 34.5%. The company slashed its dividend for the first half by 37%

• Newmont Mining (NYSE:NEM) reported third quarter earnings of 79 cents a share, 24 cents above Zacks estimates, as revenues of $2.05 billion, up 49.5%, bested Zacks estimates of $1.78 billion

• Royal Dutch Shell (NYSE:RDS.A) reported a 73% drop in net profit, with earnings ex-items of $2.62 billion slightly ahead of estimates

...

Barrick Raises Debt – Analyst Blog

Zacks Market Commentaries (October 14th, 2009) Writes:

The world’s largest gold producer, Barrick Gold Corp. (ABX) and its wholly owned subsidiary, Barrick Australia Finance Pty Ltd., are planning to issue $1.25 billion in debt securities comprised of $400 million of 4.95% notes due 2020 and $850 million of 5.95% notes due 2039. The offering is expected to close on Oct 16. Barrick plans to use the net proceeds from the offering to further reduce the liability related to its floating spot price (fully participating) gold contracts. In September this year, Barrick had raised about $3 billion representing 81.2 million common shares at a price of $36.95 per share as a part of its plan to eliminate gold hedges. Barrick’s gold sales contracts -- which comprise gold hedges and floating contracts -- totaled 9.5 million ounces with a mark-to-market position of negative $5.6 billion. Barrick Gold intends to use $1.9 billion of the net proceeds to

...

Small Cap Voice Featured Company: Sunergy, Inc. (SNEY.OB)

QualityStocks (October 13th, 2009) Writes:

Sunergy, Inc. is a production oriented junior mining company focused on the evaluation, acquisition, exploration, planned operation and advancement of gold/silver/diamond development. The company controls 100% of the 150 SQ. Km. Nyinahin mining concession with a full prospecting license. The concession is surrounded by several operating mines and is adjacent to Newmont Mining’s property.

The Ofin River flows through the eastern portion of the concession and there are numerous artisan pits ready for testing and evaluation for near term production. The Ofin River is known for good alluvial gold production. Artisans usually recover about 30% of the available gold through primitive hand methods, leaving 60-70% to be recovered by modern mechanical operations.

A preliminary survey by Geodita Resources LTD, Ghana indicates that the Nyinahin Concession has significant potential for lode gold mineralization and for recovery of alluvial gold. There are 3 major anomalous zones: Owusbukurom anomaly in the center Ntoboroso anomaly

...

Barrick Gold to Remove Hedges – Analyst Blog

Zacks Market Commentaries (September 9th, 2009) Writes:
On September 8th, the world’s largest gold producer, Barrick Gold Corporation (ABX), announced its plans to raise $3 billion from a share offering and use the proceeds to pay off its gold hedges. As of September 7, 2009, Barrick’s gold sales contracts -- which comprise gold hedges and floating contracts -- totaled 9.5 million ounces with a mark-to-market position of negative $5.6 billion. To pay off the hedges, Barrick Gold has entered into an agreement with a syndicate of underwriters for a bought deal public offering for gross proceeds of about $3.0 billion, representing 81.2 million common shares at a price of $36.95 per share. Barrick Gold intends to use $1.9 billion of the net proceeds to eliminate all of its fixed priced gold contracts within the next 12 months and about $1.0 billion to offload a portion of its floating spot price. The company expects ...

Bullion Monarch Mining, Inc. (BULM.OB) Posts Record Profits for Fiscal Year 2009

QualityStocks (August 18th, 2009) Writes:

Bullion Monarch Mining, Inc. is a domestic natural resource company with interests in gold and oil shale. The company has mining properties in Nevada and elsewhere in the western United States. The company also has an 80% interest in EnShale, an oil shale company with properties in Utah, Wyoming and Colorado.

Bullion Monarch Mining continues its impressive growth with revenues for fiscal year 2009 increasing approximately 40% from 2008, earning approximately $0.04 per share. Net income for the company increased by 210% to $1,679,292, as compared to $541,485 in 2008.

Bullion Monarch’s largest revenue source continues to be from a 1% royalty from gold mining giant, Newmont Mining. Newmont’s new, large Leeville underground mine and the East Ore body mine are currently producing these royalty payments to Bullion Monarch. Both of these mines are located in northern Nevada’s legendary Carlin Trend. Bullion Monarch had been the first company to construct and operate

...

Stock Market News for August 14, 2009 – Market News

Zacks Market Commentaries (August 14th, 2009) Writes:

Investors chose to brush aside a report showing a surprise drop in retail sales, sending stocks mildly higher Thursday as retailer Wal-Mart’s better-than-expected earnings and a positive debt auction helped markets hold on to Wednesday’s rally.  Trade was choppy earlier in the session as stocks looked for direction but some bargain hunting towards the end lifted the markets.  Surprising second quarter economic growth from French and German economies also lifted sentiments on the Street.

The Dow Jones industrial average added 37 points, or 0.4%, and closed at its highest point since November 4.  The broad S&P 500 index added 7 points, or 0.7%, and closed at its highest level since October 6.  The tech-heavy Nasdaq gained 10.63 points, or 0.5%, ending at its highest point since October 1.  On the New York Stock Exchange 776 million shares exchanged hands and advancing stocks outpaced those that fell two to one. 

...

Sunergy Reports Update on Operations on Its 150 sq. km. Ghana Mining Concession

Stuart Smith (August 13th, 2009) Writes:

SCOTTSDALE, AZ — (Marketwire) — 08/13/09 — Sunergy, Inc (the “Company”) (OTCBB: SNEY) reports the following update on the planning and preparation for operations on our 150 sq. km. Nyinahin mining concession, located in Ghana, West Africa. During Q’4 2009 we plan to test and evaluate the alluvial gold recovery potential along the Ofin River which runs through the eastern portion of the concession for about 45 km. We plan to do this by bulk sampling the numerous existing artisan pits along the river on our concession. Our planned budget is around $300,000.00 US which could recover an estimated 1,000 oz./gold generating around $900,000.00 of revenue from the program. Our plan involves either leasing a suitable gold recovery plant or joint venturing with another operator with suitable equipment. The permitting for the operation will commence shortly.

The Ofin River is an easterly-flowing waterway in Ghana. It flows through the

...

AllPennyStocks.com Announces Corporate Write-Up on Sunergy, Inc. (OTCBB: SNEY)

Stuart Smith (August 11th, 2009) Writes:

MISSISSAUGA, ON., August 11, 2009 — AllPennyStocks.com Media, Inc. (http://www.AllPennyStocks.com), a leading penny stock / small-cap information site, released its latest spotlight company Sunergy, Inc. (OTCBB: SNEY).

Sunergy, Inc. engages in the acquisition and exploration of mineral properties in Canada. It owns a 100% interest in one mineral claim, consisting of 15 cells, collectively known as the Hummingbird property, which is located in the Vancouver Mining Division approximately 25 kilometers north-northeast of Powell River, British Columbia and 100 kilometers northwest of the city of Vancouver. The company explores for gold, silver, and copper deposits. Sunergy, Inc. is based in West Vancouver, Canada.

The Company is an aggressive junior mining exploration and development Company that is production oriented at the earliest possible profitable opportunity. They control 100% of the 150 SQ. Km. Nyinahin mining concession with a full prospecting license. The concession is surrounded by several operating mines and

...

Top Precious Metals Funds – Mutual Fund Commentary

Zacks Market Commentaries (July 21st, 2009) Writes:

"Precious Metals" is our focus today. These equity mutual funds primarily invest in bullion or equity securities of companies that trade in gold and/or precious metals.

Investors can find such funds by checking out the entire list of the Zacks #1 Rank Precious Metals Equity Funds.

3 Funds that are as Good as Gold  OCM Gold (OCMGX), which was founded in February 1988, seeks long-term growth of capital by investing primarily in equity securities of domestic and foreign companies engaged in activities related to gold and precious metals.

Company-specific factors, and not general economic conditions, provide the basis for this fund's buy and sell decisions. Its portfolio turnover was 5% at the end of February 2009.

Shareholders have a minimum initial investment of $1,000 to enter this Zacks #1 Rank ("Strong Buy") fund. It has topped the total returns of its benchmark index in the last 1-, 3- and 5-year

...

Newsletter

No recommendations, either expressed or implied, are being made to buy, sell, hold or short any of the mentioned stocks. No legal, tax or accounting advice is expressed or implied. Always contact your attorney, CPA, or tax advisor before acting on any legal or tax issues. StraightStocks.com is not responsible for the content, products, or services of any of the advertisers on this site. StraightStocks.com receives compensation from advertisers on this blog. Services and products referred to herein are trademarks, registered trademarks, servicemarks, and/or registered servicemarks of their respective trademark or servicemark owners.