Stock Market News & Stocks to Watch from StraightStocks » Quebec

Saturday Success Story – Ali, Quebec

Trading School — Sat, 14 Nov 2009 12:00:17 +0000

At MarketClub, our mission is to help you become a better trader. Our passion is creating superior trading tools to help you achieve your goals—no matter which way the markets move—we promise objective and unbiased recommendations not available from brokers. Here’s great news from a member… “This is amazing!!! I love your videos. Tell you the truth, [...]

Weak Third Quarter for Cliffs – Analyst Blog

Zacks Market Commentaries — Fri, 30 Oct 2009 20:09:32 +0000

Cliffs Natural Resources (CLF), the largest producer of iron ore pellets in the U.S., recorded third-quarter 2009 profits of 45 cents, significantly lower than last year’s earnings of $1.61 per share, on weak iron volumes and prices. However, reported earnings were in contrast to the Zacks Consensus Estimate of a loss of 6 cents. Consistent with weaker year-over-year global demand for iron ore -- the steelmaking raw material -- revenues in the quarter tumbled 44% to $666.4 million.

Performance by Segments

North American Iron Ore: Sales in the segment slipped 47% to $428.2 million on a 31% decline in volumes to 5.5 million tons. Iron ore production halved to 4.6 million tons in the quarter. Demand for iron ore pellets remained weak year over year despite steel demand picking up in the last quarter. Capacity utilization in the North American steel industry ramped from 49% in the beginning of the quarter to 59% at the end. However, the current utilization of 60% remains well below the 2008 levels.

North American Coal: Revenues in the segment plunged 63% to $37.9 million on a 62% drop in volumes to 343,000 tons. Lower sales volume was driven by weak market conditions impacting demand for steel in both US and Europe. Coal production was down 63% to 294 million tons.

Asia-Pacific Iron Ore: Sales dipped 29% to $165.3 million despite a 23% increase in volumes. Average prices for iron ore shipments declined 42% to $62.71 per ton from $108.23 per ton in the year-ago period. Cliffs is currently selling to customers in China under provisional pricing arrangements that are consistent with the 2009 iron ore settlements for iron ore lumps and fines reached between producers and other Asia-based consumers outside of China.

Third-quarter 2009 production of 2.1 million tons in Asia-Pacific Iron Ore was a 53% increase year over year, driven by higher production at Koolyanobbing mine in Australia. We expect production to improve further with production start-up at the Cockatoo Island Joint Venture in 2010 upon completion of a seawall project at the mine.

At the end of the quarter, Cliffs had $359.9 million of cash and cash equivalents, compared with $179.0 million at Dec. 31, 2008. With a debt of $525 million, the company has maintained its debt to capitalization ratio at a comfortable 20%. This should help Cliffs to raise funds for acquisition, if required.

Outlook

Cliffs expects to sell about 17.4 million tons of iron ore in 2009, foreseeing a sequential increase in demand. Recently, certain steelmakers in Europe agreed to a price settlement decrease of about 48% for iron ore pellets. As a result, the company expects average revenue per ton in the North American Iron Ore business segment to be about $75 to $80 in 2009. Currently, the North American Iron Ore business segment is expected to produce 15 million tons in 2009 at a cost of $65 to $70 per ton.

Cliffs has narrowed its sales guidance to 1.8 million tons of coal from 2 million tons at average revenues of $95 to $100 per ton. A reduction in expected production is decreasing leverage over fixed costs, which is expected to result in average cost of sales of $135 to $140 per ton, down from the initial expectation of $150 to $160 per ton in 2009.

Asia-Pacific Iron Ore 2009 sales volume is expected to be 8.5 million tons, an increase from previous expectations of 8.0 million tons. Anticipated production of 8.1 million ton is slightly above the previous expectation of 8.0 million tons. Cliffs expects Asia-Pacific Iron Ore to achieve 2009 revenue per ton of $60 to $65, with costs per ton of $50 to $55 per ton.

Cliffs has a 45% economic interest in Sonoma Coal and expects total production of 2.9 million tons for 2009. Sonoma is expected to have a sales volume of 3.1 million tons. Declining demand for high cost metallurgical grade coal has forced Cliffs to cut production. The company expects sales mix between thermal and metallurgical grade coal to be about 70% and 30%, respectively, compared with the previous guidance of 60% and 40%. As a result, in 2009 revenue per ton is expected to be $100 to $105, with per-ton cost at Sonoma from $85 to $90, higher than the previous estimate of $75 to $85.

We are optimistic about Cliffs’ focus on growing its international exposure after facing a consistent decline in North American production. The recent Wabush mine acquisition -- which owns and operates iron ore mining and pellet facilities in Newfoundland, Labrador and Quebec in Canada -- is consistent with this approach, as the production will be sold primarily in Europe. We reiterate our Neutral recommendation on the stock.
Read the full analyst report on "CLF"
Zacks Investment Research

ICP Solar Provides Business Update

Dawn Van Zant — Wed, 28 Oct 2009 13:00:00 +0000

MONTREAL, QUEBEC, CANADA - October 28, 2009 - ICP Solar Technologies Inc. (OTCBB: ICPR.OB, FRANKFURT: K1U.F), a developer and marketer of innovative, proprietary solar panels and products, announced that the Company has taken further measures to cut costs and decrease overhead even as funds start to flow from the recently-announced financing transaction with its lead investors.

Capital Growth Systems, Inc. (CGSY.OB) Subsidiary Debuts Telecom Tariff Pricing Information System

QualityStocks — Thu, 22 Oct 2009 15:21:01 +0000

World leader in the telecom information and logistics sector, Global Capacity, Inc. (GC) announced this morning the launch of a new, global tariff pricing system, GCPrice. GCPrice will give direct access to GC’s massive database of prices and logistical information, allowing customers to scope and range telecom tariffs for Leased Line and Ethernet services in a [...]

Zacks Bull and Bear of the Day Highlights: Amphenol Corporation, Palm, United States Steel Corporation, Cliffs Natural Resources Inc. and ArcelorMittal – Press Releases

Zacks Market Commentaries — Tue, 13 Oct 2009 12:49:29 +0000

For Immediate Release

Chicago, IL – October 13, 2009 – Zacks Equity Research highlights Amphenol Corporation (APH) as the Bull of the Day and Palm (PALM) the Bear of the Day. In addition, Zacks Equity Research provides analysis on United States Steel Corporation (X), Cliffs Natural Resources Inc. (CLF) and ArcelorMittal (MT).

Full analysis of all these stocks is available at http://at.zacks.com/?id=2676

Here is a synopsis of all five stocks:

Bull of the Day:

Amphenol Corporation (APH) is scheduled to release its fiscal Q3 results on October 15. The company stated that though the economic environment remains uncertain, there was a stabilization of demand in most markets.

We remain optimistic about Amphenol's long-term growth prospects in the mobile devices business. Demand for mobile phones remains strong. Beyond mobile phones, the company continues to expand the use of its products into fast growing submarkets such as PDAs, laptops and desktop computers.

Based on constant currency exchange rates and some seasonal moderation, APH expects revenues between $670 million and $685 million in Q3:09. EPS is projected within 41 - 43 cents. We maintain our Outperform rating with a target price of $40.

Bear of the Day:

Although demand for Palm’s (PALM) Pre smartphone is growing, it is still selling a small fraction of Pre phones to smart-phones users and, in our opinion, most of them are already existing Palm customers.

We still expect the stock to underperform the market as RIMM and AAPL continue to expand market share, and phones based on the Android operating system enter the market.

We believe the maturing lifecycle of Centro, the slow ramp of its Windows Mobile-based product sales, and the time taken to add carriers to distribute its Treo products in the U.S. and global markets will continue to exert pressure on revenue and earnings.

US Steel Divests Interest – Analyst Blog

Zacks Market Commentaries — Mon, 12 Oct 2009 21:05:06 +0000

On Oct. 9, United States Steel Corporation’s (X) wholly owned subsidiary U.S. Steel Canada Inc., ArcelorMittal Dofasco and Cliffs Natural Resources Inc. (CLF) have agreed to sell their respective interest in the Wabush Mines joint venture to a Montreal-based steel mining company, Consolidated Thompson Iron Mines Ltd., for $120 million.

Wabush Mines owns and operates iron ore mining and pellet facilities in Newfoundland in the U.S. and Labrador and Quebec in Canada. Wabush's total rated annual production capacity is 6.4 million tons of iron ore pellets.

U.S. Steel holds 44.6%, ArcelorMittal Dofasco holds 28.6% and Cliffs Natural Resources holds 26.8% in the joint venture. Completion of the transaction is subject to a right of first refusal held by the third owner - Cliffs. ArcelorMittal (MT), the world's largest steelmaker, will receive $34.28 million for its interest. Consolidated Thompson plans to finance the transaction with existing cash and credit facilities. Other terms of the transaction were not released.

Pittsburgh, PA-based United States Steel Corporation is a leading steel manufacturer in the U.S. and the fifth largest worldwide. It produces and sells steel mill products including flat-rolled and tubular products in North America and Europe. U.S. Steel has a global annual raw steel production capacity of 31.7 million net tons (24.3 million tons in North America and 7.4 million tons in Europe).

U.S. Steel is in the midst of achieving $200 million in cost synergies from the acquisitions of Canadian flat roll producer Stelco (renamed as U.S. Steel Canada/USSC) and domestic tubular manufacturer Lone Star Technologies (currently a part of U.S. Steel Tubular Products), mostly from overhead reduction and improved raw materials sourcing. We maintain our Neutral recommendation on the stock.
Read the full analyst report on "X"
Read the full analyst report on "CLF"
Read the full analyst report on "MT"
Zacks Investment Research

Enbridge Signs GoM Pipeline Deal – Analyst Blog

Zacks Market Commentaries — Wed, 07 Oct 2009 19:33:15 +0000

Calgary-based Enbridge Inc. (ENB) recently announced that it reached an agreement with subsidiaries of U.S. oil major Chevron Corp. (CVX), Norway’s StatoilHydro ASA (STO) and Japan’s Marubeni Corp. to construct and operate a 40-mile, 20-inch oil pipeline from the proposed Big Foot ultra deepwater development in the Gulf of Mexico.

The planned conduit is estimated to cost approximately $250 million and will transport about 100,000 barrels of oil per day to a subsea connection on existing deepwater pipeline infrastructure. It will be located approximately 170 miles south of the Louisiana coast and reach depths of up to 5,900 feet below water.

The proposed Big Foot pipeline will complement Enbridge’s previously announced plans to build the Walker Ridge offshore natural gas pipeline in the area for $500 million. Thus the company has committed a total of $750 million in pipelines to service oil and gas exploration from the Gulf. Enbridge said that the equity component of the projects will be financed through internally generated cash flow and surplus balance-sheet equity.

We believe the Big Foot deal will further strengthen Enbridge’s position as the leading pipeline services provider in the deepwater Gulf of Mexico region, which has substantial production growth potential. Together with the Walker Ridge development, this will also ensure the extension of the company’s 10 percent-plus average growth rate well beyond 2013.

Enbridge, a Canadian company, is a leader in energy transportation and distribution in North America and internationally. As a transporter of energy, Enbridge operates, in Canada and the U.S., the world's longest crude oil and liquids pipeline system. The company also has international operations and a growing involvement in the natural gas transmission and midstream businesses. As a distributor of energy, Enbridge owns and operates Canada's largest natural gas distribution company, and provides distribution services in Ontario, Quebec, New Brunswick and New York State.

Read the full analyst report on "ENB"
Read the full analyst report on "CVX"
Read the full analyst report on "STO"
Zacks Investment Research

Magnum D’Or Resources, Inc. (MDOR) Fat Contracts Prompt Personnel Additions

QualityStocks — Wed, 30 Sep 2009 16:54:12 +0000

Magnum D’Or Resources, Inc. is an innovator in rubber reprocessing with the logistical capacity to easily satisfy its 5-year, $131.2 million in open contracts for the production of rubber buffings and nuggets. However, as Magnum President and CEO Joseph Glusic recently stated, the infrastructural expansion this capital represents demands the immediate retention of several key [...]

The Retreat of Russian Language

Robert Amsterdam — Mon, 14 Sep 2009 13:28:01 +0000

The New York Times has an interesting piece, complete with map, about Russia's shrinking linguistic empire, as various former Soviet states make moves to restore native languages within officialdom. This kind of linguistic nationalism can be seen everywhere from the...

Enbridge Gets Pipeline Permit – Analyst Blog

Zacks Market Commentaries — Wed, 26 Aug 2009 15:25:56 +0000

Last week, the Department of State issued a permit for Enbridge Inc. (ENB) to build the US portion of a cross-border pipeline. This project, called Alberta Clipper, will transfer crude oil from the tar sands area of Alberta, Canada to Midwestern US refineries.

However, four environmental organizations have vowed to legally challenge the decision as they argue that the pipeline will bring greenhouse-gas intensive oil sands crude from Canada, thereby contributing to global warming.

The company, together with its 12% owned master limited partnership Enbridge Energy Partners LP (EEP), is developing the $3.2 billion Alberta Clipper project. It involves construction of a 1000 mile, 36-inch diameter, heavy crude oil pipeline from Hardisty, Alberta to Superior, Wisconsin, with an initial capacity of 450,000 barrels per day (Bbl/d), eventually expandable to 800,000 Bbl/d by adding pump and terminal stations.

Following receipt of the permit, Enbridge will immediately begin construction on the US leg of the project (approximately 330 miles of the new pipeline), expected to cost around $1.2 billion. The first part of the project (capacity of 450,000 Bbl/d) is expected to be in service by mid-2010.

Enbridge Inc., a Canadian company, is a leader in energy transportation and distribution in North America. It is also increasingly getting involved in natural gas transmission and midstream businesses. Enbridge owns and operates Canada’s largest natural gas distribution company and provides distribution services in Ontario, Quebec, New Brunswick and New York State. We currently have Neutral recommendation for both Enbridge and Enbridge Energy Partners.

Read the full analyst report on "ENB"
Read the full analyst report on "EEP"
Zacks Investment Research

North American Palladium Inc. (PAL) Gears Up to Take Advantage of New Resources

QualityStocks — Fri, 24 Jul 2009 14:54:39 +0000

In these hectic economic times, hedging one’s bets is always a wise idea. What may or may not happen to the world economy now or down the road should be a concern. Although price swings are a concern, metals are a solid way to hedge. Some investors prefer owning the actual metal while other’s find [...]

Resource Stock Roundup:Monday, July 20th, 2009

Doug Casey — Mon, 20 Jul 2009 20:06:50 +0000

pAs is the norm of late, news flow slowed to a drip during Friday trading on the Canadian Markets with the headline on the junior front being a proposed three way merger. For the tale of the tape; the TSX Exchange added 0.63%, while the TSX Gold Index tacked on 1% and the TSX Venture Exchange, Canada’s largest junior exploration bourse, gave back 0.20% with the advancers beating out the decliners by a 430 to 360 margin on 176 million shares traded./p pIMA Exploration (AMEX:a href="http://www.google.com/finance?q=AMEX:IMR"IMR/a), a href="http://www.google.com/finance?q=Kobex+Resources"Kobex Resources/a and a href="http://www.google.com/finance?q=International+Barytex+Resources"International Barytex Resources/a are looking to do a three-way deal that would create a mineral exploration company with around C$44 million in cash. The merger value will be based on each company’s working capital. A#8230;/p

These 6 Large Cap Commodity Based Companies are in the News

Lorimer Wilson — Tue, 14 Jul 2009 22:54:50 +0000

Most people think of warrants as being associated primarily with micro/nano cap i.e. junior gold and silver mining companies but that is not entirely the case. Of the 35 companies offering warrants of 24 or more months duration (of which there are 47 in total) 6 are large-cap commodity based companies (2 gold mining companies; [...]

Resource Stock Roundup:Friday, July 10, 2009

Doug Casey — Fri, 10 Jul 2009 21:30:01 +0000

p class="maintextDRP"Commodity related stocks bounced off their recent lows and that helped the Canadian markets post gains during Thursday’s session. For the tale of the tape: the TSX Exchange rallied 1.25%, while the TSX Gold Index bounced up 0.8% and the TSX Venture Exchange, Canada’s largest junior exploration bourse, added 0.85% with the advancers edging out the decliners by a 386 to 325 margin on a pathetic 108 million shares traded./p pUnion workers are becoming the star attraction for investors with Kinross Gold#8217;s La Coipa gold mine in Chile on strike. Affected production is stated at 300 ounces of gold per day and the workers are standing by their wage demands. Kinross (NYSE:a href="http://www.google.com/finance?q=NYSE%3AKGC"KGC/a) ended the session up C$0.05 at C$20.71./p pCloser to home,#8230;/p

Resource Stock Roundup:Thursday, July 9, 2009

Doug Casey — Thu, 09 Jul 2009 22:30:59 +0000

p class="maintextDRP"The selloff in commodity-related stocks continued with a vengeance during Wednesday trading on the Canadian Markets. For the tale of the tape; the TSX Exchange was down 1.94%, while the TSX Gold Index fell 3.8% and the TSX Venture Exchange, Canada’s largest junior exploration bourse, plunged 3.32% with the decliners swamping the advancers by a 593 to 248 margin on a modest 168 million shares traded.br / Shares of a href="http://www.google.com/finance?q=CVE:ATC"Atac Resources/a gave back C$0.03 of yesterday’s C$0.19 gain to close at C$0.60. Atac reported a drill intercept of 24.07 grams gold per tonne over 28.04 metres including 5.34 metres of just over 100 grams gold per tonne from its Rau project in the Yukon./p pa href="http://www.google.com/finance?q=Mercator+Minerals"Mercator Minerals/a shipped 9,091,708 pounds of copper, 418,987 pounds of molybdenum#8230;/p

TurboSonic Technologies, Inc. (TSTA.OB) Inks Worldwide Sales Marketing Agreement for Patented VOC Control Technology

QualityStocks — Tue, 07 Jul 2009 14:38:10 +0000

TurboSonic Technologies, Inc., a leading provider of clean air technologies, announced that it has signed a worldwide, exclusive Sales & Marketing agreement to promote the patented Catalytic Gas Treatment (CGT) technology developed by Quebec-based PROCD Groupe Conseil Inc. CGT is the next-generation solution to control Volatile Organic Compounds (VOCs). VOCs such as formaldehyde are air [...]

ICP Solar Secures Licensing Agreement with Energizer

Dawn Van Zant — Thu, 02 Jul 2009 13:00:00 +0000

MONTREAL, QUEBEC, CANADA - July 2, 2009 - ICP Solar Technologies Inc. (OTCBB: ICPR.OB, FRANKFURT: K1U.F), a developer, manufacturer and marketer of proprietary solar panels and products, today announced that it has signed a global licensing agreement with Energizer (NYSE: ENR).

Resource Stock Roundup: Wednesday, June 03rd, 2009

Doug Casey — Wed, 03 Jun 2009 19:21:03 +0000

pThe Canadian Markets took a well deserved breather during Tuesday trading with several pundits expressing views that a market correction is imminent. For the tale of the tape, the TSX Exchange gave back a modest 0.13%, while the TSX Gold Index was the big winner by jumping 2% and the TSX Venture Exchange, Canada’s largest junior exploration bourse, added a modest 0.10% with the decliners beating out the advancers by a 456 to 431 margin on a robust 227 million shares traded.br / a href="http://www.google.com/finance?q=Osisko+Mining"Osisko Mining/a tabled an updated resource estimate for the South Barnat deposit located adjacent to the 6.28 million ounce Canadian Malartic gold deposit in Quebec. Based on a cut-off grade of 1 gram gold per tonne, the measured and indicated#8230;/p

Eric Lemieux: Keep an Eye on Exploration Plays in the James Bay Area

The Gold Report — Wed, 27 May 2009 01:31:34 +0000

Eric Lemieux, metals and mining analyst with Laurentian Bank Securities, focuses on the emerging mineral wealth of the James Bay area of Quebec and discusses his favorite explorers in this exclusive interview with The Gold Report. Despite producers being more in favor, he believes the James Bay area with its exploration plays and favorable geological, [...]

Sofame Technologies (SDW.V) – company plans C$5m fund raising

Gabriel Didham, CFA — Thu, 30 Apr 2009 22:05:51 +0000

Objective Capital comment issued on Apr 30, 2009 titled 'Sofame Technologies (SDW.V) - company plans C$5m fund raising'.

Colt Resources (COLT.CNQ) – Armamar Meda concession showing good potential

Gabriel Didham, CFA — Fri, 13 Mar 2009 08:27:01 +0000

Objective Capital report issued on Mar 13, 2009 titled 'Colt Resources (COLT.CNQ) - Armamar Meda concession showing good potential'. Despite the global recession, Colt Resources is continuing its exploration of the Penedono gold project and the Armamar Merda tungsten project, which are both in northern Portugal. The Armamar Meda concession, which surrounds the Penedono property, is showing good potential for tungsten. Despite the tough economic climate for resource companies, Colt continues to examine new opportunities, and the company has added four new prospects in the Gaspesie region of Quebec. pOur revised model yields a core valuation of C$0.28 per share, slightly higher than the C$0.26 value contained in our June 2008 initiation note. Our revised estimate remains subject to substantial risk given the early stage of exploration and uncertain economic conditions, but are accompanied by significant upside potential with more optimistic expectations of exploration success and continued development.

NioGold Mining Corp (NOX.V) – valuation robust despite recession and sector meltdown

Gabriel Didham, CFA — Tue, 10 Mar 2009 06:20:06 +0000

Objective Capital report issued on Mar 10, 2009 titled 'NioGold Mining Corp (NOX.V) - valuation robust despite recession and sector meltdown'. NioGold is pressing ahead with exploration of its gold projects in the famous Val d’Or mining district of Quebec. The company also holds a polymetallic project at an earlier stage of exploration, also in Quebec, and it has added a new prospect since our initiation note of June 2008. With its strong focus on gold in a historic and accessible region of Canada, our valuation of NioGold remains robust at C$0.23 per share, despite the global recession and resource sector meltdown.

Beacon Equity Research Featured Company: EcoloCap Solutions Inc. (ECOS.OB)

QualityStocks — Wed, 04 Mar 2009 18:14:12 +0000

Headquartered in Montreal, Quebec, Canada, EcoloCap Solutions Inc. offers innovative and integrated business solutions to help combat climate change. Trading on the OTCBB, the company focuses on the commercial development of green energy projects in emerging economies. Asia is a place they are placing much emphasis on currently. EcoloCap Solutions sees an opportunity for the [...]

Resource Stock Roundup: Friday, February 27th, 2009

Doug Casey — Fri, 27 Feb 2009 19:47:51 +0000

pDespite the continued sell-off in the price of bullion, better than expected earnings results in the financial sector propelled the broader markets higher during Thursday trading on the Canadian Markets. For the tale of the tape; the TSX Exchange added 3.21%, while the TSX Gold Index managed to gain 1.4% and the TSX Venture Exchange, Canada’s largest junior exploration bourse, rallied 0.92% with the advancers edging out the decliners by a 409 to 368 margin on 126 million shares traded./p pA takeover offer in the oil patch helped move the junior oil stocks higher. a href="http://www.google.com/finance?q=TSE%3AVNX"Verenex Energy/a surged C$1.75 to C$9.55 thanks to a C$10 per share takeover offer from CNPC International./p pThe base metal miners had a rare good session with Teck Cominco#8230;/p

James West: Economic Crisis — A Crucible for Transforming Trashed Juniors into Treasured Equities?

The Gold Report — Tue, 17 Feb 2009 22:08:47 +0000

A gold bug who prefers equities as investments to bullion and bars, Midas Letter publisher James West expects his portfolio picks to shine to the tune of at least 15% appreciation on average. In this exclusive interview with The Gold Report, that sunny outlook stands in stark contrast to other things the well-regarded adviser sees [...]

NioGold Mining Corp (NOX.V) – continues to produce intriguing gold assays

Gabriel Didham, CFA — Fri, 06 Feb 2009 19:47:32 +0000

Objective Capital comment issued on Feb 06, 2009 titled 'NioGold Mining Corp (NOX.V) - continues to produce intriguing gold assays '.

Resource Stock Roundup:Tuesday, January 27th, 2009

Doug Casey — Tue, 27 Jan 2009 20:20:34 +0000

p class="maintextDRP"News on the job loss front continued to mount but existing home sales in the United States rose unexpectedly in December and that sparked a mini-rally during Monday trading on the Canadian markets. For the tale of the tape, the TSX Exchange tacked on 0.33%, while the TSX Gold Index gave back 3.2% and the TSX Venture Exchange, Canada’s largest junior exploration bourse, added 0.87% with the advancing issuers edging out the decliners by a 399 to 304 margin on 147 million shares traded./p pOver in New York, Freeport-McMoRan (NYSE:a href="http://finance.google.com/finance?q=NYSE%3AFCX"FCX/a) posted its biggest quarterly loss in company history, losing nearly $14 billion during the fourth quarter. The company reported a loss of $13.9 billion, or $36.78 per share, compared with a#8230;/p

Labopharm Inc. (DDSS) is “One to Watch

QualityStocks — Mon, 26 Jan 2009 22:02:05 +0000

Headquartered in Laval, Quebec, Canada, Labopharm Inc. is optimizing the performance of existing small molecule drugs using their proprietary controlled-release technologies. The Company’s lead product is being commercially launched in key markets globally. This product is a unique once-daily formulation of tramadol. Their second product, a novel formulation of trazodone for the treatment of [...]

Resource Stock Roundup:Friday, January 16th, 2009

Doug Casey — Fri, 16 Jan 2009 20:30:48 +0000

pThe selling continued early in the trading session with investors worried about the survivability of the financials but a massive mid-day reversal propelled equities higher during Thursday trading on the Canadian Markets. For the tale of the tape, the TSX Exchange added 2.20%, while the TSX Gold Index popped 5.1% and the TSX Venture Exchange, Canada’s largest junior exploration bourse, gave back 0.62% with the declining issuers edging out the advancers by a 363 to 270 margin on a paltry 106 million shares traded./p pIamgold (NYSE:a href="http://finance.google.com/finance?q=NYSE:IAG"IAG/a) came out with a preliminary assessment study for its Westwood project in Quebec. The miner envisions producing 187,000 ounces of gold per year for 15 years with cash costs ringing in at $298 per ounce.#8230;/p

Sofame Technologies (SDW.V) – recent news flow indicates the company continues to make progress

Gabriel Didham, CFA — Wed, 17 Dec 2008 07:58:35 +0000

Objective Capital comment issued on Dec 17, 2008 titled 'Sofame Technologies (SDW.V) - recent news flow indicates the company continues to make progress'.

Resource Stock Roundup:Wednesday, November 26th, 2008

Doug Casey — Wed, 26 Nov 2008 17:49:58 +0000

pAfter two strong sessions, the Canadian Markets took a breather during Tuesday trading to digest the recent gains. For the tale of the tape, the TSX Exchange added a modest 0.02%, while the TSX Gold Index fell back 0.7% and the TSX Venture Exchange, Canada’s largest junior exploration bourse, lost 0.39% with the declining issuers outpacing the advancers by a 445 to 314 margin on volume of 145 million shares traded./p pa href="http://finance.google.com/finance?q=Bravo+Venture+Group"Bravo Venture Group/a cut 24.9 grams gold and 1,042.9 grams silver per tonne at its Homestake Ridge project in northwestern British Columbia. Bravo ended the day up C$0.04 at C$0.48./p pNot as well received was a href="http://finance.google.com/finance?q=PINK:DNRSF"Dynamite Resources/a’ 75.89 metres running 2.86 grams gold per tonne and 0.69% copper at its Upper Scorn#8230;/p

Resource Stock Roundup Monday, November 24th, 2008

Doug Casey — Mon, 24 Nov 2008 12:53:54 +0000

pComing off the worst one day drop since 1987, the Canadian Markets managed to bounce off the mat during Friday’s session. For the tale of the tape, the TSX Exchange added 5.58%, while the TSX Gold Index surged 27.4% and the TSX Venture Exchange, Canada’s largest junior exploration bourse, gained 1.72% with the declining issuers outpacing the advancers by a 419 to 397 margin on volume of 153 million shares traded./p pa href="http://finance.google.com/finance?q=HudBay+Minerals+"HudBay Minerals /aand a href="http://finance.google.com/finance?q=TSE:LUN"Lundin Mining/a have agreed to join forces in an effort to fight the current downtrend. Under the proposal, Lundin shareholders will get 0.3919 of a Hudbay share for each Lundin share held. Hudbay ended the day down C$2.07 at C$3.16, while Lundin added C$0.04 to close at C$1.05./p pFinally,#8230;/p

NioGold Mining Corp (NOX.V) – more encouraging assays

Gabriel Didham, CFA — Wed, 12 Nov 2008 05:16:22 +0000

Objective Capital comment issued on Nov 12, 2008 titled 'NioGold Mining Corp (NOX.V) - more encouraging assays '.

Short The Canadian Dollar On Weak Commodities

Contrarian Profits — Fri, 31 Oct 2008 14:02:04 +0000

Canada’s resource-rich economy is feeling the strain of tumbling commodity prices and falling demand in the US. And that’s bad news for the Canadian dollar. J. Christoph Amberger says the days of parity with the US dollar are long gone. He thinks it’s time to short the loonie.

This taken from Today’s Financial News:

With its main source export revenues plunging down over 50%, the outlook for the Canadian economy and the Canadian dollar is getting bleaker by the day.

Oil prices dropped once again after the U.S. government reported a 0.3% contraction in the U.S. economy in the third quarter.

Light, sweet crude oil for December delivery fell by$1.91 to $65.59 a barrel on the NYMEX. Overall, oil prices are now down 55% since…

Resource Stock Roundup Thursday, October 30th, 2008

Doug Casey — Thu, 30 Oct 2008 18:36:14 +0000

The Canadian markets made it two winning days in a row as investors scurried to buy beaten down resource stocks. For the tale of the tape, the TSX Exchange rallied 3.82%, while the TSX Gold Index surged another 8.5% and the TSX Venture Exchange, Canada’s largest junior exploration bourse, added 5.14% with the advancing issuers swamping the decliners by a 595 to 256 margin on volume of 160 million shares traded.

Sherritt International posted third quarter earnings of $133.1 million, or $0.45 per share, up from the $65.4-million or $0.28 per share tallied in the same period a year earlier. Falling commodity prices have the company looking at reducing its capital spending. Sherritt ended the day up C$0.53 at C$4.60.

The fifth set…

Resource Stock Roundup Wednesday, October 29, 2008

Doug Casey — Wed, 29 Oct 2008 17:42:48 +0000

The Canadian markets rebounded strongly from its second biggest one day percentage drop in history as investors went bargain hunting for select issues during Tuesday trading. For the tale of the tape, the TSX Exchange rallied 7.2%, while the TSX Gold Index surged 14% and the TSX Venture Exchange, Canadaâ€™s largest junior exploration bourse, added 0.98% with the declining issuers out pacing the advancers by a 442 to 394 margin on big volume of 259 million shares traded.

Andean Resources came out with a prefeasibility study for its Cerro Negro high-grade gold and silver project in Argentina. The study envisions production of 350,000 ounces of gold per year with cash costs ringing in at $198 per ounce generating an internal rate…

Zinc to Shine from 2-year Doldrums: featuring Donner Metals – John Lee

John Lee — Tue, 21 Oct 2008 00:16:48 +0000

Centuries before zinc was discovered in the metallic form, its ores were used for making brass and zinc compounds, its ores were used for healing wounds and sore eyes.

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Resource Stock Roundup Monday, October 20th, 2008

Doug Casey — Mon, 20 Oct 2008 13:31:38 +0000

It was a quiet news day during Friday trading on the Canadian markets as investors bailed out of the gold stocks and went bargain hunting for undervalued base metal plays. For the tale of the tape, the TSX exchange rallied 3.16%, while the TSX Gold Index fell 2.9% and the TSX Venture Exchange, Canada’s largest junior exploration bourse, added 0.89% with the declining issuers inching past the advancers by a 444 to 419 margin on good volume of 169 million shares traded.

Shares of Hudbay Minerals (HBM) added C$0.38 to close at C$5.35, while Lundin Mining failed to attract interest losing C$0.05 to close at C$1.95.

Diversified miner Teck Cominco (TCK) added C$1.20 to close at C$16.30.

Shares of Blue Note Mining (BN)…

Aurizon Mines Ltd. (AMEX: AZK) Sees Gold below the Horizon

QualityStocks — Mon, 13 Oct 2008 14:32:31 +0000

Aurizon Mines Ltd. is an emerging gold producer, exploration, and development company. Trading on the American Stock Exchange (AMEX) and the Toronto Stock Exchange (TSX) with a market capitalization of $235.29 million, Aurizon is focusing on becoming an intermediate gold producer. The Company is working to achieve this end by exploring and developing large land [...]

Roger Wiegand: Oil to Reach New Highs by Year End

The Energy Report — Fri, 10 Oct 2008 01:21:44 +0000

Despite severe economic turmoil, demand for oil is rising significantly—in fact, it will land somewhere in the range of $150 to $157, according to Roger Wiegand, editor of Trader Tracks. In this exclusive interview with The Energy Report, Wiegand takes a close look at the untamed commodities bull and names some of his favorite buys. The [...]

Roger Wiegand: Predicting a “Severe Bull Market” for Gold

The Gold Report — Tue, 07 Oct 2008 21:35:08 +0000

Seeing beyond the blind curves of bailouts and meltdowns takes the keen vision of a veteran market observer, Roger Wiegand, Editor of Trader Tracks. In this exclusive interview with The Gold Report, Wiegand predicts a “severe bull market” for gold that will include both juniors and seniors. He advises selective buying and names several of [...]

Resource Stock Roundup Thursday, September 25, 2008

Doug Casey — Thu, 25 Sep 2008 15:15:39 +0000

The bears continued to rule over the bigger board stocks, while the junior bourse managed to squeeze out a modest gain during Wednesday trading on the Canadian markets.

For the tale of the tape, the TSX Exchange fell 0.15%, while the TSX Gold Index tacked on 1.3% and the TSX Venture Exchange, Canada’s largest junior exploration bourse, added 0.78% with the declining issuers once again outpacing the advancers this time by a 464 to 403 margin on volume of 140 million shares traded.

Shares of Golden Predator Mines (GP) added C$0.10 to close at C$0.87 after the company reported a 3.5 metre intercept running 1% tungsten at its Springer project in Nevada.

Osisko Mining (OSK) continues to hit the goods at the South Barnat target some 1.2 km northeast of its Canadian Malartic deposit in Quebec. Highlights included 2.4 grams gold per tonne over 141.5 metres and 2.76 grams gold per tonne over 71.2 metres. The market however remains reluctant as Osisko ended the day down C$0.06 at C$3.54.

Sprott Resource (SCP) completed the sale of 17.05 million shares of PBS Coals and in the process pocketed over C$97 million after commissions. The cash rich company closed up C$0.09 at C$2.79.

The A flood of drill results are expected over the next few weeks and perhaps this will ignite a rather lackluster junior market currently plagued by a notable lack of buyers. We will see what Thursday trading has in store.

Source: Resource Stock Roundup Thursday, September 25, 2008

Magnotta Winery Corporation (MGN.TO) Has a Crush on Grapes

QualityStocks — Tue, 23 Sep 2008 13:29:16 +0000

Founded in 1990 by Gabe and Rossana Magnotta, Magnotta Winery Corporation is Ontario, Canada’s third largest winery. Headquartered in Vaughan, Ontario, a few minutes north of Toronto, they are the only company of its kind in Canada licensed to produce and sell wine, beer, and distilled beverages. The company trades on the Toronto Stock Exchange [...]

Magnotta Winery Corporation (MGN.TO) Has a Crush on Grapes

QualityStocks — Tue, 23 Sep 2008 13:29:16 +0000

NioGold Mining Corp (NOX.V) – encouraging new assays in the Wedge zone

Gabriel Didham, CFA — Thu, 04 Sep 2008 04:06:19 +0000

Objective Capital comment issued on Sep 04, 2008 titled 'NioGold Mining Corp (NOX.V) - encouraging new assays in the Wedge zone'.

Adrian Day: Long-Term Fundamentals Still Good For Gold

The Gold Report — Tue, 02 Sep 2008 23:56:04 +0000

Source: The Gold Report 09/02/2008 A pioneer in global investing, with a reputation for discovering big winners, Adrian Day gives us his insight on whether he thinks gold has hit the bottom, and what it’s going to take to get the juniors going again. He also tells us which juniors he thinks are positioned to weather the [...]

Colt Resources (COLT.CNQ) – fund raising planned

Gabriel Didham, CFA — Sat, 23 Aug 2008 08:34:15 +0000

Objective Capital comment issued on Aug 23, 2008 titled 'Colt Resources (COLT.CNQ) - fund raising planned'.

NioGold Mining Corp (NOX.V) – assays from a 2008 drill programme on the Marban Block

Gabriel Didham, CFA — Thu, 14 Aug 2008 10:25:27 +0000

Objective Capital comment issued on Aug 14, 2008 titled 'NioGold Mining Corp (NOX.V) - assays from a 2008 drill programme on the Marban Block'.

Æterna Zentaris Blazes A New Frontier

Mike Havrilla — Fri, 06 Jul 2007 22:53:21 +0000

A good balance sheet and a couple of of late-stage hormone therapy products underlie recently appointed CEO Dr. David Mazzo’s enthusiasm for the future prospects of the 16-year-old, Quebec-based biopharmaceutical firm Æterna Zentaris (AEZS). Lead hormone therapy products cetrorelix and ozarelix aim to compete with Abbott Lab’s (ABT) and Takeda’s joint venture’s (TAP Pharma) Lupron [...]