<TABLE cellSpacing=0 cellPadding=0 width="100%" align=center border=0><TBODY><TR><TD width=5></TD><TD><TABLE height="100%" cellSpacing=0 cellPadding=0 width="100%" border=0 valign="top"><TBODY><TR><TD vAlign=top><TABLE cellSpacing=0 cellPadding=0 width="100%" border=0><TBODY><TR><TD vAlign=top align=left width="70%">Posted On: Tuesday, April 15, 2008, 2:42:00 PM EST
[SIZE=+1]Major Companies Certain to Target Juniors in Search For New Resoures[/SIZE]
Author: Jim Sinclair
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<TABLE cellSpacing=0 cellPadding=0 width="100%" border=0><TBODY><TR><TD vAlign=top>Dear CIGAs,
With the world's mineral resources being depleted by unprecedented demand from developing nations, mining companies and end users are desperately looking for new sources of supply.
That being said, is it any wonder that some of the most pre-eminent names on the global mining scene (Homestake, Placer Dome, Inco and Falconbridge to name a few) have simply disappeared - gobbled up by competitors who realize that buying mineral resources on the open market is a lot easier than discovering the resources themselves.
Given the high capital cost and risk associated with exploration in virgin territory, most of these predatory companies are looking closely at established mineral belts where mines have been found and are still being discovered. It's not rocket science but just common sense.
What we've seen so far on the merger front is only the tip of the proverbial iceberg. In the coming years, companies with good land positions in the world's most prolific mineral belts will reap the rewards of their efforts at premiums that will shock you by today's standards. In fact, the targeting process is happening as I speak.
</TD></TR></TBODY></TABLE>
[SIZE=+1]Major Companies Certain to Target Juniors in Search For New Resoures[/SIZE]
Author: Jim Sinclair
</TD><TD vAlign=top align=right></TD></TR></TBODY></TABLE><TABLE cellSpacing=0 cellPadding=0 width="100%" border=0><TBODY><TR><TD height=4></TD></TR></TBODY></TABLE><TABLE cellSpacing=0 cellPadding=0 width="100%" bgColor=#999999 border=0><TBODY><TR><TD height=1></TD></TR></TBODY></TABLE><TABLE width="100%"><TBODY><TR><TD height=5></TD></TR></TBODY></TABLE><TABLE cellSpacing=0 cellPadding=0 width="100%" border=0><TBODY><TR><TD height=5></TD></TR></TBODY></TABLE>
</TD></TR></TBODY></TABLE></TD><TD width=10> </TD></TR></TBODY></TABLE>
<TABLE cellSpacing=0 cellPadding=0 width="100%" border=0><TBODY><TR><TD vAlign=top>Dear CIGAs,
With the world's mineral resources being depleted by unprecedented demand from developing nations, mining companies and end users are desperately looking for new sources of supply.
That being said, is it any wonder that some of the most pre-eminent names on the global mining scene (Homestake, Placer Dome, Inco and Falconbridge to name a few) have simply disappeared - gobbled up by competitors who realize that buying mineral resources on the open market is a lot easier than discovering the resources themselves.
Given the high capital cost and risk associated with exploration in virgin territory, most of these predatory companies are looking closely at established mineral belts where mines have been found and are still being discovered. It's not rocket science but just common sense.
What we've seen so far on the merger front is only the tip of the proverbial iceberg. In the coming years, companies with good land positions in the world's most prolific mineral belts will reap the rewards of their efforts at premiums that will shock you by today's standards. In fact, the targeting process is happening as I speak.
</TD></TR></TBODY></TABLE>
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Mega mergers ahead for mining industry
Fri Apr 11, 2008 6:13pm BST
Reuters
<SCRIPT language=javascript> var storyKeywords = "US COPPER CONFERENCE MERGERS"; var RTR_ArticleTitle = "Mega mergers ahead for mining industry"; var RTR_ArticleBlurb = "By Ignacio Badal - Analysis SANTIAGO (Reuters) - With metal prices holding in what many call a super cycle, the global trend toward mergers and acquisitions will continue among miners, according to analysts and executives who attended the CRU/Cesco..."; </SCRIPT><SCRIPT language=javascript>addImpression("1058180_Article Tools");</SCRIPT><SCRIPT type=text/javascript>var showComments = false;var allowSLCall = false; /** START SITELIFE INTEGRATION **/if( self == top ) { var re = /\/article/; var articleExist = top.document.location.href.match(re); if(articleExist != null) { allowSLCall = true; var uniqueArtKey = "UKN1138940820080411"; var articleUrl = document.location.href.split("?")[0]; var tempTitle = unescape("Mega+mergers+ahead+for+mining+industry"); tempTitle = replaceString("+", " ", tempTitle); var articleTitle = tempTitle; var articleSection = "Main_UK"; var articleCategories = document.location.href.split("article/")[1].split("/")[0]; ** if(articleExist != null) { var slArtPage = new SLSectionPage(); slArtPage.varName = "slArtPage"; slArtPage.base.varName = "slArtPage"; ** ** function singlePageView() { document.location.href = ReplaceQueryStringParam(document.location.href, "sp", "true"); ** function replaceString(oldS, newS, fullS) { // Replaces oldS with newS in the string fullS for (var i = 0; i < fullS.length; i++) { if (fullS.substring(i, i + oldS.length) == oldS) { fullS = fullS.substring(0, i) + newS + fullS.substring(i + oldS.length, fullS.length); ** ** return fullS; ** </SCRIPT><SCRIPT type=text/javascript>if(allowSLCall == true) {document.write('|');**</SCRIPT><SCRIPT type=text/javascript>if(allowSLCall == true) {slArtPage.addRecommendWidget(uniqueArtKey);**</SCRIPT>
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By Ignacio Badal - Analysis
SANTIAGO (Reuters) - With metal prices holding in what many call a super cycle, the global trend toward mergers and acquisitions will continue among miners, according to analysts and executives who attended the CRU/Cesco copper week in Santiago this week.
Small and medium-sized miners, and juniors who are still in the exploration stage, are the easiest targets for bigger companies, but the acquisition wave won't likely stop there, they said.
Mining analysts agree the market will soon see more huge takeover bids announced, like the failed attempt by Brazilian mining giant Vale (VALE5.SA: Quote, Profile, Research) (RIO.N: Quote, Profile, Research) to buy Xstrata (XTA.L: Quote, Profile, Research) for more than $90 billion.
Executives say acquisitions will continue because global copper demand is growing and supplies are tight, so new supply has to be brought on line. The easiest way to do that is to buy existing producers.
Companies will be on the lookout for producing assets and smaller players won't have the same access to financing to bring new output on line.
"(Mining) costs have skyrocketed in recent years, with the subprime crisis and the disappearance of securitized debt markets ... it is increasingly difficult to finance, meaning only the best capitalized players can afford to invest," said Bart Melek, a Toronto-based analyst with BMO Capital Markets.
"We may well be entering an era of super-consolidation. We'll see what pans out during the course of the next two years," Charlie Sartain, the chief executive of Xstrata Copper, told the CRU conference on Thursday.
Words like mergers, acquisitions and takeovers were among the most heard at the CRU and Cesco copper week, where potential buyers and sellers huddled in hallways and hotel lobbies.
"We are looking for acquisitions and mergers," said Owen Hegarty, president of Australian miner Oxiana (OXR.AX: Quote, Profile, Research).
Oxiana is in the middle of a A$6.1 billion (US$5.67 billion) takeover of fellow Australian miner Zinifex (ZFX.AX: Quote, Profile, Research).
Prices for copper hit a record of more than $4 per pound on Thursday, compared with 60 cents a pound five years ago. Prices for other metals, including gold, silver and nickel, are also high.
Experts say prices could stay high for several more years, and high costs will continued to cut into company profits.
"Acquisitions will continue because there is an enormous need for capital for development," said Hugh Callaghan, president of junior miner Tamaya Resources.
Among the big miners that industry sources signal may enter the fray are Southern Copper (SPC.LM: Quote, Profile, Research) (PCU.N: Quote, Profile, Research), a unit of Grupo Mexico (GMEXICOB.MX: Quote, Profile, Research), Chile's Antofagasta Minerals (ANTO.L: Quote, Profile, Research), Mexican silver miner Penoles (PENOLES.MX: Quote, Profile, Research) and Freeport-McMoRan Copper & Gold (FCX.N: Quote, Profile, Research) of the United States.
"I don't think its the best time for acquisitions, because prices are so high," Penoles explorations director David Giles said, adding that his company could nevertheless be looking for potential purchases.
"We're on the lookout for many opportunities," said Xioaling Ren, vice president for marketing for Aluminum Corp of China.
(Editing by Pav Jordan and Walter Bagley)
:money8: :toast: :money8: :wink:
Mega mergers ahead for mining industry
Fri Apr 11, 2008 6:13pm BST
Reuters
<SCRIPT language=javascript> var storyKeywords = "US COPPER CONFERENCE MERGERS"; var RTR_ArticleTitle = "Mega mergers ahead for mining industry"; var RTR_ArticleBlurb = "By Ignacio Badal - Analysis SANTIAGO (Reuters) - With metal prices holding in what many call a super cycle, the global trend toward mergers and acquisitions will continue among miners, according to analysts and executives who attended the CRU/Cesco..."; </SCRIPT><SCRIPT language=javascript>addImpression("1058180_Article Tools");</SCRIPT><SCRIPT type=text/javascript>var showComments = false;var allowSLCall = false; /** START SITELIFE INTEGRATION **/if( self == top ) { var re = /\/article/; var articleExist = top.document.location.href.match(re); if(articleExist != null) { allowSLCall = true; var uniqueArtKey = "UKN1138940820080411"; var articleUrl = document.location.href.split("?")[0]; var tempTitle = unescape("Mega+mergers+ahead+for+mining+industry"); tempTitle = replaceString("+", " ", tempTitle); var articleTitle = tempTitle; var articleSection = "Main_UK"; var articleCategories = document.location.href.split("article/")[1].split("/")[0]; ** if(articleExist != null) { var slArtPage = new SLSectionPage(); slArtPage.varName = "slArtPage"; slArtPage.base.varName = "slArtPage"; ** ** function singlePageView() { document.location.href = ReplaceQueryStringParam(document.location.href, "sp", "true"); ** function replaceString(oldS, newS, fullS) { // Replaces oldS with newS in the string fullS for (var i = 0; i < fullS.length; i++) { if (fullS.substring(i, i + oldS.length) == oldS) { fullS = fullS.substring(0, i) + newS + fullS.substring(i + oldS.length, fullS.length); ** ** return fullS; ** </SCRIPT><SCRIPT type=text/javascript>if(allowSLCall == true) {document.write('|');**</SCRIPT><SCRIPT type=text/javascript>if(allowSLCall == true) {slArtPage.addRecommendWidget(uniqueArtKey);**</SCRIPT>
<TABLE style="FLOAT: left" cellSpacing=0 cellPadding=0 border=0><TBODY><TR><TD class=articlePhoto id=articlePhoto vAlign=center align=middle>
<SCRIPT language=javascript>addImpression("1058193_Related Video");</SCRIPT><SCRIPT type=text/javascript>removeImpression();</SCRIPT><SCRIPT language=javascript>addImpression("1058194_Related News");</SCRIPT><SCRIPT type=text/javascript>removeImpression(); </SCRIPT><SCRIPT language=javascript>addImpression("1058195_Market News");</SCRIPT>Market News [-] Text [+]
By Ignacio Badal - Analysis
SANTIAGO (Reuters) - With metal prices holding in what many call a super cycle, the global trend toward mergers and acquisitions will continue among miners, according to analysts and executives who attended the CRU/Cesco copper week in Santiago this week.
Small and medium-sized miners, and juniors who are still in the exploration stage, are the easiest targets for bigger companies, but the acquisition wave won't likely stop there, they said.
Mining analysts agree the market will soon see more huge takeover bids announced, like the failed attempt by Brazilian mining giant Vale (VALE5.SA: Quote, Profile, Research) (RIO.N: Quote, Profile, Research) to buy Xstrata (XTA.L: Quote, Profile, Research) for more than $90 billion.
Executives say acquisitions will continue because global copper demand is growing and supplies are tight, so new supply has to be brought on line. The easiest way to do that is to buy existing producers.
Companies will be on the lookout for producing assets and smaller players won't have the same access to financing to bring new output on line.
"(Mining) costs have skyrocketed in recent years, with the subprime crisis and the disappearance of securitized debt markets ... it is increasingly difficult to finance, meaning only the best capitalized players can afford to invest," said Bart Melek, a Toronto-based analyst with BMO Capital Markets.
"We may well be entering an era of super-consolidation. We'll see what pans out during the course of the next two years," Charlie Sartain, the chief executive of Xstrata Copper, told the CRU conference on Thursday.
Words like mergers, acquisitions and takeovers were among the most heard at the CRU and Cesco copper week, where potential buyers and sellers huddled in hallways and hotel lobbies.
"We are looking for acquisitions and mergers," said Owen Hegarty, president of Australian miner Oxiana (OXR.AX: Quote, Profile, Research).
Oxiana is in the middle of a A$6.1 billion (US$5.67 billion) takeover of fellow Australian miner Zinifex (ZFX.AX: Quote, Profile, Research).
Prices for copper hit a record of more than $4 per pound on Thursday, compared with 60 cents a pound five years ago. Prices for other metals, including gold, silver and nickel, are also high.
Experts say prices could stay high for several more years, and high costs will continued to cut into company profits.
"Acquisitions will continue because there is an enormous need for capital for development," said Hugh Callaghan, president of junior miner Tamaya Resources.
Among the big miners that industry sources signal may enter the fray are Southern Copper (SPC.LM: Quote, Profile, Research) (PCU.N: Quote, Profile, Research), a unit of Grupo Mexico (GMEXICOB.MX: Quote, Profile, Research), Chile's Antofagasta Minerals (ANTO.L: Quote, Profile, Research), Mexican silver miner Penoles (PENOLES.MX: Quote, Profile, Research) and Freeport-McMoRan Copper & Gold (FCX.N: Quote, Profile, Research) of the United States.
"I don't think its the best time for acquisitions, because prices are so high," Penoles explorations director David Giles said, adding that his company could nevertheless be looking for potential purchases.
"We're on the lookout for many opportunities," said Xioaling Ren, vice president for marketing for Aluminum Corp of China.
(Editing by Pav Jordan and Walter Bagley)
:money8: :toast: :money8: :wink:
let me re-post this as well. SYH will be huge, and at these levels of .25 is a great buy. Source assured me great results, as he said this is comparable to NOT. SYH should test around .40 friday as the pressure increases and the word gets out
assuming no news, and if there is a halt, then we can expect $1.25 really soon
assuming no news, and if there is a halt, then we can expect $1.25 really soon
Pump and Dump? What's up with this Doug
Stock is down over 20% today????
<TABLE id=table1><TBODY><TR><TD class=yfnc_tablehead1 width="48%">Last Trade:</TD><TD class=yfnc_tabledata1><BIG>0.1850</BIG></TD></TR><TR><TD class=yfnc_tablehead1 width="48%">Trade Time:</TD><TD class=yfnc_tabledata1>10:26AM ET</TD></TR><TR><TD class=yfnc_tablehead1 width="48%">Change:</TD><TD class=yfnc_tabledata1>
0.0500 (21.28%)</TD></TR><TR><TD class=yfnc_tablehead1 width="48%">Prev Close:</TD><TD class=yfnc_tabledata1>0.235</TD></TR><TR><TD class=yfnc_tablehead1 width="48%">Open:</TD><TD class=yfnc_tabledata1>0.245</TD></TR><TR><TD class=yfnc_tablehead1 width="48%">Bid:</TD><TD class=yfnc_tabledata1>0.1850</TD></TR><TR><TD class=yfnc_tablehead1 width="48%">Ask:</TD><TD class=yfnc_tabledata1>0.1900</TD></TR><TR class=end><TD class=yfnc_tablehead1 width="48%">1y Target Est:</TD><TD class=yfnc_tabledata1>N/A</TD></TR></TBODY></TABLE><TABLE id=table2><TBODY><TR><TD class=yfnc_tablehead1 width="48%">Day's Range:</TD><TD class=yfnc_tabledata1>0.1600 - 0.2450</TD></TR><TR><TD class=yfnc_tablehead1 width="48%">52wk Range:</TD><TD class=yfnc_tabledata1>0.09 - 0.27</TD></TR><TR><TD class=yfnc_tablehead1 width="48%">Volume:</TD><TD class=yfnc_tabledata1>3,289,000</TD></TR><TR><TD class=yfnc_tablehead1 width="48%">Avg Vol <SMALL>(3m)</SMALL>:</TD><TD class=yfnc_tabledata1>800,484</TD></TR></TBODY></TABLE>
Stock is down over 20% today????
<TABLE id=table1><TBODY><TR><TD class=yfnc_tablehead1 width="48%">Last Trade:</TD><TD class=yfnc_tabledata1><BIG>0.1850</BIG></TD></TR><TR><TD class=yfnc_tablehead1 width="48%">Trade Time:</TD><TD class=yfnc_tabledata1>10:26AM ET</TD></TR><TR><TD class=yfnc_tablehead1 width="48%">Change:</TD><TD class=yfnc_tabledata1>
Stock is down over 20% today????
<TABLE id=table1><TBODY><TR><TD class=yfnc_tablehead1 width="48%">Last Trade:</TD><TD class=yfnc_tabledata1><BIG>0.1850</BIG></TD></TR><TR><TD class=yfnc_tablehead1 width="48%">Trade Time:</TD><TD class=yfnc_tabledata1>10:26AM ET</TD></TR><TR><TD class=yfnc_tablehead1 width="48%">Change:</TD><TD class=yfnc_tabledata1>0.0500 (21.28%)</TD></TR><TR><TD class=yfnc_tablehead1 width="48%">Prev Close:</TD><TD class=yfnc_tabledata1>0.235</TD></TR><TR><TD class=yfnc_tablehead1 width="48%">Open:</TD><TD class=yfnc_tabledata1>0.245</TD></TR><TR><TD class=yfnc_tablehead1 width="48%">Bid:</TD><TD class=yfnc_tabledata1>0.1850</TD></TR><TR><TD class=yfnc_tablehead1 width="48%">Ask:</TD><TD class=yfnc_tabledata1>0.1900</TD></TR><TR class=end><TD class=yfnc_tablehead1 width="48%">1y Target Est:</TD><TD class=yfnc_tabledata1>N/A</TD></TR></TBODY></TABLE><TABLE id=table2><TBODY><TR><TD class=yfnc_tablehead1 width="48%">Day's Range:</TD><TD class=yfnc_tabledata1>0.1600 - 0.2450</TD></TR><TR><TD class=yfnc_tablehead1 width="48%">52wk Range:</TD><TD class=yfnc_tabledata1>0.09 - 0.27</TD></TR><TR><TD class=yfnc_tablehead1 width="48%">Volume:</TD><TD class=yfnc_tabledata1>3,289,000</TD></TR><TR><TD class=yfnc_tablehead1 width="48%">Avg Vol <SMALL>(3m)</SMALL>:</TD><TD class=yfnc_tabledata1>800,484</TD></TR></TBODY></TABLE>
Penny stocks are very easily manipulated and many penny stock co's do not even have valid business models. Not saying this is a "pump and dump" but buying these type stocks is speculation, not investment. The vast majority of penny stock buyers will be losers over the long term.
