Post by Catdaddy on Nov 6, 2007 21:47:44 GMT -5
Mixed Feeling Focusing on Shore Gold Inc., Katanga Mining Limited, and Tahera Diamond CorpTuesday, November 06, 2007; Posted: 03:01 PM
GRANDE BAY, MAURITIUS, Nov 06, 2007 (MARKET WIRE via COMTEX) Comments made in this release are those of Maybach Financial Group and any questions or comments should be directed to the contact information located at the bottom of this release.
Maybach Financial Group is a syndicate of investment researchers compiling research from major analysts and fund managers. Our focus is to give investors the financial advantage necessary to sustain profit all markets. This week, to gauge the outcome of the markets, we are focusing on Shore Gold Inc. (TSX: SGF), Katanga Mining Limited (TSX: KAT), and Tahera Diamond Corp (TSX: TAH). For the full report, visit www.maybachfinancial.com/register.php
The Maybach Financial Group www.maybachfinancial.com will be researching the above-mentioned companies to determine their chances of a turnaround opportunity for investors. Visit www.maybachfinancial.com/register.php for a complimentary subscription to the Maybach service and receive at no cost our "Special Report#1: The Pick of the Decade" plus a second free report "Special Report #2: Hearing is Believing." No credit card or payment information is required.
On Tuesday, the Energy Department's Energy Information Administration predicted oil consumption will rise in the fourth quarter and next year despite higher prices, and that inventories will fall. This contributed to the rise in oil futures to a new record above $97 a barrel Tuesday. Bombings in Afghanistan and an attack on a Yemeni oil pipeline compounded the supply concerns that have driven crude prices higher in recent weeks, further led by a government prediction on Tuesday that domestic oil inventories will fall further this year while consumption rises.
The weak dollar, which fell to a new low against the euro Tuesday, is also lifting oil prices. Oil futures offer a hedge against a weak dollar, and oil futures bought and sold in dollars are more attractive to foreign investors when the greenback is falling. The dollar reached yet another record low against the euro Tuesday.
Wall Street recovered from early losses Tuesday as investors, while still worried about credit problems at big financial companies, went in search of bargain stocks.
Meanwhile, concerns about inflation persisted. Gold prices neared 27-year high of $825 an ounce, rising $14.
Shore Gold Inc. rose up over 10% today to a day-high of $5.50 after announcing yesterday the completion of their Star Diamon valuation with a increase of 26%. Modeled prices ranging between US$97 and US$300 per carat have been determined for the diamond populations of the major kimberlite lithologies that make up the Star Kimberlite. For a limited time only, gain access to Maybach to keep updated and receive our reports free of charge with no credit card or payment information required. Visit www.maybachfinancial.com/register.php for your free subscription.
Katanga Mining Limited (TSX: KAT | charts | news | PowerRating) soared up over 40% to a day-high of $16.47 after they announced today that Nikanor PLC have reached agreement on the terms of a recommended Merger of the two companies. The Merger will create a company with a combined market capitalisation of approximately US$3.3 billion and the potential to become by 2011 Africa's largest copper producer and the world's largest cobalt producer. Visit www.maybachfinancial.com/register.php to keep updated and receive a complimentary subscription plus two bonus reports.
Tahera Diamond Corp (TSX: TAH | charts | news | PowerRating) fell yet again to a day-low of $0.17, but rebounded to $0.21 in afternoon trades, down 25%. This came as a result of their recent third quarter report released yesterday after market, stating that the appreciation of the Canadian dollar versus the U.S.dollar, the rise of oil prices, the relatively modest increases of diamond prices and ongoing operational and production issues, has led management to determine that a valuation of its Jericho Diamond Mine was necessary. As a result, the Company recorded an asset impairment charge against the carrying value of the Jericho Diamond Mine at September 30, 2007 of $73 million.
On the exploration side, they stated that based on the grade and value results of the 2007 bulk sample, no further exploration work is planned on the JD-03 kimberlite at this time. As a result, the Company recorded a write down of the deferred exploration and development expenditures associated with this property in the amount of $21.4 million during the third quarter of 2007.
After witnessing the recent plunge in the markets influenced by the resource sector, the falling housing slump and employment issues, smart investors and hedge funds are shifting interests into other sectors.
The markets are changing and investors are scared. The Bull Run that we have been use to over the past four years is starting to become more like a stampede in the other direction.
Stock markets are normally volatile, but investors have enjoyed a four-year run of below normal volatility and steady upward movement. Ups and downs, yes. But the Bull Run has been great over the past three to four years and has not ended as abruptly as many have predicted.
But while the end of the Bull Run has been predicted for more than a year, long-term investors shouldn't be worried. Of course, only if you know what you are doing.
First off, don't throw all your eggs into one basket.
Secondly, and most importantly, pick winners that last.
And pick winners that have little effect against the daily ups and downs of the economy. Visit www.maybachfinancial.com/register.php to sign up free to receive your Special Report #1 for information on how to combat the markets or visit www.maybachfinancial.com for your free subscription and BONUS reports.
We've seen oil markets spike, we've seen oil markets fall. We've seen wars, we've seen terrorist attacks. Chances are that the events that occur have a short term impact when you consider the overall factors of a 5-year forecast.
Most investors -- and unfortunately far too many brokers -- go on a buying spree the minute a rally starts in a particular sector. Correspondingly, they panic at the first sign of a downturn and tend to sell off some great stocks - right before the dead cat bounces.
But Maybach isn't about day-trading and making money fast. It's about being patient and learning the secret of how to get rich slowly. Visit www.maybachfinancial.com/register.php to See Special Report #1: The Pick of the Decade - free when you sign up! or visit www.maybachfinancial.com for your free subscription and BONUS reports.
It's also about adding stocks to your portfolio that have little or no effect against the state of the economy.
It's about technology
The world as we know it has changed. Gone are the days of tradition and old school values. Thanks to technology, people no longer communicate via a simple phone call or meet their life partners in social settings. Take a look at some of the most recent headlines.
Technology has been the only sector continuing its steady climb and relatively unaffected by economic pressures.
Social networking and user-generated content has taken over the world. And big shot web start-ups have become multi-billion dollar profits for their creators and shareholders.
We all know that the tech boom is back and back with a vengeance with Web 2.0 start ups leading the way.
The big boys are snapping up the little ones much like Microsoft did in their early Windows days. The next few years are going to be intense and believe us when we say that, "the tech boom is back and bigger than EVER!"
Visit www.maybachfinancial.com/register.php to receive our Special Report #1 with information on how to combat the markets and how the face of the future is changing.
Maybach Financial (Maybach) is not a registered broker dealer or a registered investment advisor. No information accessed through the Maybach Web site or this release constitutes a recommendation to buy, sell or hold any security in any jurisdiction. Please consult a broker before purchasing or selling any securities viewed on or mentioned herein. There is no financial relationship that exists between the issuer of this release and the company whose stock is mentioned in the release. Please view the disclaimer at www.maybachfinancial.com/terms.php
Statements made in this release may include forward-looking statements and projections, made in reliance on the safe harbour provisions of the Private Securities Litigation Reform Act of 1995. Maybach has made every reasonable effort to ensure that the information and assumptions on which these statements and projections are based are current, reasonable, and complete. However, a variety of factors could cause actual results to differ materially from the projections, anticipated results or other expectations expressed in this release. Maybach makes these statements and projections in good faith, neither Maybach nor its management can guarantee that the
transactions will be consummated or that anticipated future results will be achieved. All material herein was based upon information believed to be reliable. The information contained herein is not guaranteed by Maybach to be accurate, and should not be considered to be all-inclusive. The companies that are discussed in this opinion have not approved the statements made in this opinion. Maybach assumes no obligation to publicly update or revise any forward-looking statements made herein or any other forward-looking statements made by Maybach, whether as a result of new information, future events, or otherwise.
CONTACT: The Maybach Financial Group www.maybachfinancial.com Toll Free: 1-800-344-4888 Email: Email Contact
SOURCE: Maybach Financial Group
GRANDE BAY, MAURITIUS, Nov 06, 2007 (MARKET WIRE via COMTEX) Comments made in this release are those of Maybach Financial Group and any questions or comments should be directed to the contact information located at the bottom of this release.
Maybach Financial Group is a syndicate of investment researchers compiling research from major analysts and fund managers. Our focus is to give investors the financial advantage necessary to sustain profit all markets. This week, to gauge the outcome of the markets, we are focusing on Shore Gold Inc. (TSX: SGF), Katanga Mining Limited (TSX: KAT), and Tahera Diamond Corp (TSX: TAH). For the full report, visit www.maybachfinancial.com/register.php
The Maybach Financial Group www.maybachfinancial.com will be researching the above-mentioned companies to determine their chances of a turnaround opportunity for investors. Visit www.maybachfinancial.com/register.php for a complimentary subscription to the Maybach service and receive at no cost our "Special Report#1: The Pick of the Decade" plus a second free report "Special Report #2: Hearing is Believing." No credit card or payment information is required.
On Tuesday, the Energy Department's Energy Information Administration predicted oil consumption will rise in the fourth quarter and next year despite higher prices, and that inventories will fall. This contributed to the rise in oil futures to a new record above $97 a barrel Tuesday. Bombings in Afghanistan and an attack on a Yemeni oil pipeline compounded the supply concerns that have driven crude prices higher in recent weeks, further led by a government prediction on Tuesday that domestic oil inventories will fall further this year while consumption rises.
The weak dollar, which fell to a new low against the euro Tuesday, is also lifting oil prices. Oil futures offer a hedge against a weak dollar, and oil futures bought and sold in dollars are more attractive to foreign investors when the greenback is falling. The dollar reached yet another record low against the euro Tuesday.
Wall Street recovered from early losses Tuesday as investors, while still worried about credit problems at big financial companies, went in search of bargain stocks.
Meanwhile, concerns about inflation persisted. Gold prices neared 27-year high of $825 an ounce, rising $14.
Shore Gold Inc. rose up over 10% today to a day-high of $5.50 after announcing yesterday the completion of their Star Diamon valuation with a increase of 26%. Modeled prices ranging between US$97 and US$300 per carat have been determined for the diamond populations of the major kimberlite lithologies that make up the Star Kimberlite. For a limited time only, gain access to Maybach to keep updated and receive our reports free of charge with no credit card or payment information required. Visit www.maybachfinancial.com/register.php for your free subscription.
Katanga Mining Limited (TSX: KAT | charts | news | PowerRating) soared up over 40% to a day-high of $16.47 after they announced today that Nikanor PLC have reached agreement on the terms of a recommended Merger of the two companies. The Merger will create a company with a combined market capitalisation of approximately US$3.3 billion and the potential to become by 2011 Africa's largest copper producer and the world's largest cobalt producer. Visit www.maybachfinancial.com/register.php to keep updated and receive a complimentary subscription plus two bonus reports.
Tahera Diamond Corp (TSX: TAH | charts | news | PowerRating) fell yet again to a day-low of $0.17, but rebounded to $0.21 in afternoon trades, down 25%. This came as a result of their recent third quarter report released yesterday after market, stating that the appreciation of the Canadian dollar versus the U.S.dollar, the rise of oil prices, the relatively modest increases of diamond prices and ongoing operational and production issues, has led management to determine that a valuation of its Jericho Diamond Mine was necessary. As a result, the Company recorded an asset impairment charge against the carrying value of the Jericho Diamond Mine at September 30, 2007 of $73 million.
On the exploration side, they stated that based on the grade and value results of the 2007 bulk sample, no further exploration work is planned on the JD-03 kimberlite at this time. As a result, the Company recorded a write down of the deferred exploration and development expenditures associated with this property in the amount of $21.4 million during the third quarter of 2007.
After witnessing the recent plunge in the markets influenced by the resource sector, the falling housing slump and employment issues, smart investors and hedge funds are shifting interests into other sectors.
The markets are changing and investors are scared. The Bull Run that we have been use to over the past four years is starting to become more like a stampede in the other direction.
Stock markets are normally volatile, but investors have enjoyed a four-year run of below normal volatility and steady upward movement. Ups and downs, yes. But the Bull Run has been great over the past three to four years and has not ended as abruptly as many have predicted.
But while the end of the Bull Run has been predicted for more than a year, long-term investors shouldn't be worried. Of course, only if you know what you are doing.
First off, don't throw all your eggs into one basket.
Secondly, and most importantly, pick winners that last.
And pick winners that have little effect against the daily ups and downs of the economy. Visit www.maybachfinancial.com/register.php to sign up free to receive your Special Report #1 for information on how to combat the markets or visit www.maybachfinancial.com for your free subscription and BONUS reports.
We've seen oil markets spike, we've seen oil markets fall. We've seen wars, we've seen terrorist attacks. Chances are that the events that occur have a short term impact when you consider the overall factors of a 5-year forecast.
Most investors -- and unfortunately far too many brokers -- go on a buying spree the minute a rally starts in a particular sector. Correspondingly, they panic at the first sign of a downturn and tend to sell off some great stocks - right before the dead cat bounces.
But Maybach isn't about day-trading and making money fast. It's about being patient and learning the secret of how to get rich slowly. Visit www.maybachfinancial.com/register.php to See Special Report #1: The Pick of the Decade - free when you sign up! or visit www.maybachfinancial.com for your free subscription and BONUS reports.
It's also about adding stocks to your portfolio that have little or no effect against the state of the economy.
It's about technology
The world as we know it has changed. Gone are the days of tradition and old school values. Thanks to technology, people no longer communicate via a simple phone call or meet their life partners in social settings. Take a look at some of the most recent headlines.
Technology has been the only sector continuing its steady climb and relatively unaffected by economic pressures.
Social networking and user-generated content has taken over the world. And big shot web start-ups have become multi-billion dollar profits for their creators and shareholders.
We all know that the tech boom is back and back with a vengeance with Web 2.0 start ups leading the way.
The big boys are snapping up the little ones much like Microsoft did in their early Windows days. The next few years are going to be intense and believe us when we say that, "the tech boom is back and bigger than EVER!"
Visit www.maybachfinancial.com/register.php to receive our Special Report #1 with information on how to combat the markets and how the face of the future is changing.
Maybach Financial (Maybach) is not a registered broker dealer or a registered investment advisor. No information accessed through the Maybach Web site or this release constitutes a recommendation to buy, sell or hold any security in any jurisdiction. Please consult a broker before purchasing or selling any securities viewed on or mentioned herein. There is no financial relationship that exists between the issuer of this release and the company whose stock is mentioned in the release. Please view the disclaimer at www.maybachfinancial.com/terms.php
Statements made in this release may include forward-looking statements and projections, made in reliance on the safe harbour provisions of the Private Securities Litigation Reform Act of 1995. Maybach has made every reasonable effort to ensure that the information and assumptions on which these statements and projections are based are current, reasonable, and complete. However, a variety of factors could cause actual results to differ materially from the projections, anticipated results or other expectations expressed in this release. Maybach makes these statements and projections in good faith, neither Maybach nor its management can guarantee that the
transactions will be consummated or that anticipated future results will be achieved. All material herein was based upon information believed to be reliable. The information contained herein is not guaranteed by Maybach to be accurate, and should not be considered to be all-inclusive. The companies that are discussed in this opinion have not approved the statements made in this opinion. Maybach assumes no obligation to publicly update or revise any forward-looking statements made herein or any other forward-looking statements made by Maybach, whether as a result of new information, future events, or otherwise.
CONTACT: The Maybach Financial Group www.maybachfinancial.com Toll Free: 1-800-344-4888 Email: Email Contact
SOURCE: Maybach Financial Group
