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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?


To: Bearcatbob who wrote (44065)7/6/2007 9:07:10 AM
From: Jean East  Read Replies (1) | Respond to of 78423
 
Primary Metals hit with shareholder oppression lawsuit

2007-07-05 18:45 ET - News Release
Shares issued 12,940,259
PMI Close 2007-07-03 C$ 2.56

Mr. James Robertson reports

Primary Metals Inc. has been served with a petition filed in the Supreme Court of British Columbia by seven shareholders of the company alleging that they hold a total of 159,200 shares of Primary seeking, among other things, a declaration that the affairs of the company are being conducted in an oppressive manner, rescission of a May 31, 2005, agreement between the company and Almonty LLC, or an order requiring the company to repurchase the plaintiffs' shares.

The company considers the allegations made against it to be without merit. The matter has been referred to litigation counsel and a response will be filed in due course.



To: Bearcatbob who wrote (44065)7/6/2007 11:52:01 AM
From: E. Charters  Respond to of 78423
 
There are 7 processes known to cook oil shale. 8 if you count making a stove and chimney out of oil shale rocks and burning down your shack when light a fire.

The Swedish government had one. They have what are called alum shales. They produced kerogen briefly in the 70's during the oil shortage.

Texaco and Shell had promising processes, that they said were not profitable at the time of 30 dollar oil. They actually did better than break even and would do even better at larger scale but there were not the profit margins of pumpable oil. This is moot, really as oil sands does not have the margin of pumping either, but finding it is easier. I don't think they factor all the explo energy when they talk about costs of pumping oil, or the protection for fleets, and the cost of dealing with recalcitrant nations and terrorism overseas. A lot of that is related to oil.

Getting energy from shales is easy. Take the rock and light it up. Perhaps some of it does not burn. I don't know if bugs have been tried.

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