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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: ild who wrote (64748)	6/28/2006 3:06:05 PM
From: ild	Respond to of 110194

Date: Wed Jun 28 2006 14:24 trotsky (Bizarro) ID#248269: Copyright © 2002 trotsky/Kitco Inc. All rights reserved actually, i found the 'tomorrow, tomorrow, we'll develop El Morro' verse quite funny. : ) it also brings to the fore the question of 'when will it happen' - i'd say sooner rather than later, as Chile is mining-friendly and there aren't all that many large scale copper/gold porphyries of similar quality. also, MRB has enough cash on the balance sheet to get the Cerro project development done, which should produce considerable cash flow by next year. so the dilution danger is minimal, plus there's some blue sky stemming from new exploration ventures they have started. Date: Wed Jun 28 2006 13:25 trotsky (gold explorers/juniors) ID#248269: Copyright © 2002 trotsky/Kitco Inc. All rights reserved as is often the case when the gold market is drifting, the junior sector falls under its own weight due to disinterest ( i.e., lack of buyers ) . however, this means that many stocks can be picked up at bargain levels - with the caveat that this only makes sense if the long term bull market remains in force. however, even if gold just remains where it now is ( not likely, but let's assume this hypothetically ) , many stocks in this sub sector are grotesquely undervalued relative to their potential and reserves. two that come immediately to mind are MRB and NSU. both have near term production potential ( NSU is already producing, MRB is in the mine construction phase ) and in addition to that stakes in undeveloped mega-deposits that the market is valuing at zero ( Bisha and El Morro ) . NSU has been especially weak of late, sinking on little trading volume, which illustrates this disinterest drifting nicely. MRB seems to get some support from the PD/Inco/Falconbridge merger as it is known that Falconbridge intended to develop El Morro - which should be even more likely to happen with the now much bigger company. among the copper development projects on the new PD's plate El Morro stands out due to the big gold credits it will have. Date: Wed Jun 28 2006 13:08 trotsky (Hambone@sentiment) ID#248269: Copyright © 2002 trotsky/Kitco Inc. All rights reserved right you are. sentiment indicators are in fact most powerful when they show sentiment that is running COUNTER to the prevailing trend - then you know that the trend is most likely to continue. however, i must add that in the course of the gold bull market from 2000 to date, the most important sentiment indicators such as put/call open interest, Rydex pm fund cash flows and advisor sentiment have established well defined yardsticks that usually give you an idea about the price levels where intermediate term trend changes can be expected to occur. the biggest problem with that is that it won't work anymore when the character of the market changes from bull to bear.

To: ild who wrote (64748)	7/28/2006 10:05:27 AM
From: Travis_Bickle	Respond to of 110194

MORGAN HILL, Calif.--(BUSINESS WIRE)--July 28, 2006--Castelle® (Nasdaq:CSTL - News), a leader in "all-in-one" network fax solutions for the business and enterprise markets, today announced financial results for the Company's second quarter and six months ended June 30, 2006. Revenues for the second quarter of 2006 totaled $2.41 million, down 15% from $2.85 million in the second quarter of 2005. The Company attributed this drop in revenues -- which followed a 15% year-over-year increase in revenues in its first quarter -- largely to inventory-driven volatility in orders for Castelle products at the distributor level. For the first six months of 2006, revenues totaled $5.40 million, less than 1% below $5.44 million in the first six months of 2005. The net loss for the second quarter of 2006 was $34,000, or ($0.01) per fully diluted share, compared to net income of $316,000, or $0.07 per fully diluted share, in the second quarter of 2005. For the first six months of 2006, net income was $172,000, or $0.04 per fully diluted share, compared to $451,000, or $0.10 per fully diluted share, in the first six months of 2005. Castelle's balance sheet remained strong. As of June 30, 2006, cash and cash equivalents totaled $7.0 million, compared to $7.14 million as of March 31, 2006 and $6.77 million as of December 31, 2005. Castelle remains free of long-term debt. biz.yahoo.com Rough quarter for them.