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Gold/Mining/Energy : A to Z Junior Mining Research Site -- Ignore unavailable to you. Want to Upgrade?

To: 4figureau who wrote (937)	8/14/2002 10:14:59 AM
From: 4figureau	Respond to of 5423

Financial Sense: >>Brokers know investors are still out there looking for the bottom of this market so they can put their money market funds to work right as the market rebounds. Folks, let me tell you something, IT IS NOT GOING TO BE THAT EASY and most brokers out there do not know when that bottom will be.<< Tuesday, August 13, 2002 Market WrapUp Surprise? Not hardly. Central bankers left the benchmark overnight bank rate at a 41-year low of 1.75 percent and indicated the economy’s recovery from recession is less assured than just a few months ago. They went on to add that weakness, not inflation, is the biggest economic threat -- leaving the door open to cut interest rates in the near future. With all of the hype surrounding today meeting, there wasn’t much room for the fed to do anything but stand pat, in my opinion. It seems that in the past, as far as the market goes, the fed would get the most out of a rate change when it was done as a surprise versus at a scheduled meeting. If you consider that along with the fact that it was only six weeks ago that Mr. Greenspan, before Congress, stated that strength in the economy pointed toward recovery, taking no action was the only course of action for the fed at this time. What I found extremely interesting during the events of the past week is the way the big banks and brokerage houses suckered the individual investor into a non-existent rally, once again. The call by economists at these firms to lower interest rates were no more than self serving and at the cost of the individual investors. Brokers know investors are still out there looking for the bottom of this market so they can put their money market funds to work right as the market rebounds. Folks, let me tell you something, IT IS NOT GOING TO BE THAT EASY and most brokers out there do not know when that bottom will be. Now the near term for investors becomes even more treacherous as the fed has left the door open for a surprise rate cut. Thoughts of making money by shorting the market carry much larger risks. Getting caught short when the fed announces a rate cut could be expensive. Financial Markets Today’s market acted as one could predict as it opened and traded for most of the session, flat. Once the fed released its decision, the market free fell to its close. The S&P 500 fell 19.59, or 2.2 percent, to 884.21. The Dow Jones Industrial Average slumped 206.43, or 2.4 percent, to 8482.46. The Nasdaq Composite Index shed 37.52, or 2.9 percent, to 1269.32. Two stocks fell for every one that rose on the New York Stock Exchange and the Nasdaq Stock Market. Some 1.28 billion shares traded on the Big Board, 19 percent below the three-month daily average. Treasury Markets The 10-year Treasury note rallied 1 3/32 to yield 4.08 percent while the 30-year government bond put on 1 17/32 to yield 4.975 percent. financialsense.com

To: 4figureau who wrote (937)	8/14/2002 10:42:14 AM
From: 4figureau	Read Replies (1) \| Respond to of 5423

D-Day for certifying books to SEC Hundreds of companies haven't vouched for financials >>What penalties the SEC will assess against companies that fail to meet the deadline has yet to be determined. Companies will likely face SEC cease-and-desist orders or prosecution from the Justice Department. Wary investors will likely punish their stock, as well.<< By Matt Andrejczak, CBS.MarketWatch.com Last Update: 7:04 PM ET Aug. 13, 2002 WASHINGTON (CBS.MW) -- Just more than half of chief executives and chief financial officers required to vouch for the accuracy of their financial statements have yet to do so with the Securities and Exchange Commission. The deadline is 5:30 p.m. Wednesday. As of 6 p.m. Tuesday, approximately 318 companies -- or 46 percent of the required figure -- had filed sworn statements with the SEC, according to the agency's Web site, securities filings and corporate press releases. CEOs and CFOs at 695 companies, including WorldCom (WCOEQ: news, chart, profile) and Adelphia (ADELQ: news, chart, profile), both under federal investigations for their accounting practices and who have yet to file, face the Wednesday deadline. No company has indicated it will not sign the certification. Under the SEC order, companies will have until 5:30 p.m. Wednesday to file for a five-day extension for quarterly reports and 15 business days for annual reports. What penalties the SEC will assess against companies that fail to meet the deadline has yet to be determined. Companies will likely face SEC cease-and-desist orders or prosecution from the Justice Department. Wary investors will likely punish their stock, as well. Overall, under the SEC order, 942 companies must personally attest to their financial statements dating back to their most recent annual report and subsequent filings made after that date. Another 247 companies are scheduled to file with the SEC before year-end; some have already done so, including 3M (MMM: news, chart, profile), Analog Devices (ADI: news, chart, profile) and Apple Computer (AAPL: news, chart, profile). And this is just the start. Corporate reform legislation enacted last month requires top executives at all publicly traded companies -- roughly 14,000 -- to personally certify that their quarterly and annual reports filed with the SEC are accurate and complete. The requirement will become effective by Aug. 29. Under the new law, known as the Sarbanes-Oxley Act, executives who falsify their financial statements face up to 20 years in prison and a $5 million fine. www2.marketwatch.com{CD16F59F-8C86-43A6-94AB-197495C678F7}

To: 4figureau who wrote (937)	8/14/2002 12:34:59 PM
From: June	Read Replies (1) \| Respond to of 5423

I don't know what criteria you used to choose the juniors on your list but I believe you missed an interesting one, Royal Victoria Minerals, (RVM.V). royalvictoriaminerals.com Company Overview Royal Victoria's activities are focused on its Golden Reward Project located in the Garrison, Michaud and Guibord Townships in the Timmins Mining Camp of Eastern Ontario, Canada, where the company controls approximately 4,300 hectares of highly prospective land along the Porcupine-Destor Fault Zone and its related gold trends. The Golden Reward Project lies between 15 and 35 kilometers to the west of the Holloway Mine operated by Newmont and the Holt McDermott Mine operated by Barrick. Each mine produced over 100,000 ounces of gold annually from a similar style of structure and mineralization identified within the Golden Reward Project area.