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To: ms.smartest.person who wrote (1125)6/1/2006 10:56:42 PM
From: ms.smartest.person  Respond to of 3198
 
Gold Fields sees bullion down to $500 in mid-term

Tue May 30, 2006 4:16 PM GMT168

JOHANNESBURG (Reuters) - The gold price is likely to fall to around $500 per ounce in the medium term, before resuming its long-term uptrend, South Africa's Gold Fields Ltd said on Tuesday

The volatile rally in the price has hit jewellery demand, which is a main driver of the price, Chief Executive Ian Cockerill told a strategy presentation.

"Clearly jewellery demand is critical for the maintenance of this upward trend...in the medium term, we would see the gold price setting at or around the high $400s to $500 an ounce."

The gold price rose by as much as 45 percent this year, peaking at $730 an ounce on May 12, but has fallen since then to trade at $654 on Tuesday.

The weakening in the price had let off some critical steam, which was positive, Cockerill added.

"I'm not unhappy that the price has come back, because clearly it did run away from itself," he said.

"We do believe that despite the recent pullback, the gold price is very much in its upward trend and in some respects the recent pullback was quite healthy."

Gold Fields, the world's fourth biggest gold producer, has operations in South Africa, Australia, Ghana and Venezuela.

© Reuters 2006. All Rights Reserved.
za.today.reuters.com



To: ms.smartest.person who wrote (1125)6/4/2006 11:00:15 PM
From: ms.smartest.person  Read Replies (1) | Respond to of 3198
 
&#8362 David Pescod's Late Edition June 2, 2006

OILEXCO INC (V-OIL) $5.37 +0.32
If it hasn’t been for bad news over much of the last six to eight
months, Oilexco would have had almost no news to report after 3 1/2
high profile misses. The other day they announced a dry hole at
Halibut, one of their most recent targets.

Not giving up on the story and remaining quite bullish though, is
Haywood analyst Fred Kozak. He suggests in a recent report that,
“This was again a very risky play, and we did not give it more than a
1-in-10 chance of success.”

Possibly more importantly though, Kozak takes a look at what’s
coming up for the rest of the year and he suggests, “The rest of 2006
will see significant news flow as Oilexco continues with North Sea
operations”, and then he gives us a schedule of what to expect,
which I suspect many Oilexco followers would want.

For the month of June he writes, they test Brenda D1, Brenda D2
and Brenda D3 with production wells and he suggests that the news
should be neutral, but he does expect each one to come in at 7 to
10,000 bbl/d.

Sometime in June, he notes, that they should also drill the Nicol
production well with test data due in July and he figures the impact
on the stock should be neutral while he expects flow rates better
than 5,000 bbl/d.

In July they will drill the Disraeli appraisal well and he expects
positive news coming in late August to confirm the size of the Disraeli
discovery.

In September they will be drilling a 100% interest in the Shelley
prospect with results in October. The impact again demands on
what they find. He notes that it is a shallow prospect that could be a
similar field to Brenda, but not factored into his estimates.
In October they drill the 50% in the Kildare prospect with results
in November—December and again the impact depends on results
and he notes that it is a highly prospective target.

In December they drill the Laurel Valley farm-in with results possibly
in early 2007 and for impact, he suggests, again it depends on
results, but he notes that it is significant multiple horizon potential.
Kozak still maintains his aggressive $8.00 target on Oilexco and
writes, “Our target price of $8.00 represents a 3.6x multiple of 2007
before-tax fully diluted cash flow per share. This is a conservative
approach, and we note that the upside potential is still significant.

We also note that other international producers command multiples
as much as 10.0x cash flow per share.”

It is an important piece and Kozak is one of the few analysts that
does follow Oilexco closely on an on-going basis, and for copies of
the report email Sandra at sandra_wicks@canaccord.com.
www.oilexco.com



To: ms.smartest.person who wrote (1125)9/23/2006 6:28:46 PM
From: ms.smartest.person  Read Replies (1) | Respond to of 3198
 
Canaccord Brokers Picks: Update

Broker Name Symbol 5/26/2006 Last Gain

Seth Allen PETAQUILLA MINERALS LTD PTQ.TO 2.19 2.79 +27.40%
Rob Anderson BLUEROCK RESOURCES LTD (Tier2) BRD.V 0.45 0.495 +10.00%
Peter Chandler TS03 INC TOS.TO 2.94 2.50 +14.97%
Cam Currie GABRIEL RESOURCES LTD GBU.TO 2.86 4.30 +50.35%
Gerry Fabbro JAGUAR MINING INC JAG.TO 4.34 4.56 +5.07%
Jeff Finkelstein TEMPLETON RUSS&EEUR TRF 78.80 62.55 -20.62%
Rick Langer MENA RESOURCES INC (Tier2) MEA.V 1.27 1.55 +22.05%
Bruce McClymont GLOBESTAR MINING CORP GMI.V 1.27 1.10 -13.39%
Murray McWilliam HIGH ARCTIC ENERGY SERVICES HWO-UN.TO 13.30 9.87 -25.79%
Glen Hilne ARCAMATRIX CORP ARK.V 2.58 2.70 + 4.65%
Rick Moore RYM CAPITAL CORP.* (Tier2) RYM-P.V 0.15 0.14 - 6.67%
Dave Pescod WATCH RESOURCES LTD WR.V 0.45 0.24 -46.67%
Colin Rothery PACIFIC RODERA ENERGY INC PRD.V 1.01 0.34 -66.34%
Wendy Strub KINROSS GOLD CORP K.TO 12.15 13.22 + 8.81%
Bob Schiesser CONS THOMPSON-LUNDMARK CLM.V 4.50 2.02 -55.11%
Vandana Varshney JER ENVIROTECH INTL CORP JER.V 0.92 0.87 - 5.43%
Doug Wood KLONDEX MINES LIMITED KDX.V 2.65 2.55 - 3.77%

Total (CAD): -15.56%


*Old Name & Symbol: Ryjencap Inc (RYJ-P.V)

Quotes:
finance.yahoo.com