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

To: Julian Augustus who wrote (44085)	7/6/2007 12:08:30 PM
From: jackjc	Respond to of 78419

Yes, sad. Mgmt agreed to the reduced buyout. A good pick by Claude, would have gone up big with the silver price.

To: Julian Augustus who wrote (44085)	7/6/2007 5:28:15 PM
From: mimur	Respond to of 78419

BAY management now doing T.SRY / a copper play on Mexico- Arizona border / they did a $50mm finance with GMP to make this acquisition from Xstrata and carry out work program / the other Mexican property has been put on back burner or dropped...this one they drilling as we speak Stingray completes Noranda Exploracion acquisition 2007-04-30 10:26 ET - News Release Mr. Peter Mordaunt reports STINGRAY PURCHASES NORANDA MEXICO FROM XSTRATA Stingray Resources Inc. has completed the purchase of all of the outstanding shares of Noranda Exploracion Mexico SA de CV, the owner of the El Pilar oxide copper project located in Sonora, Mexico (see Stingray news in Stockwatch on Nov. 29, 2006). Part of the proceeds from the recently completed financing totalling approximately $50-million were used to finance the remaining $17.75-million (U.S.) payable to Xstrata Copper. Peter Mordaunt, president and chairman of Stingray, states: "With the financing and purchase of Normex now completed, Stingray is in position to start working in earnest at the El Pilar property. We expect to aggressively advance the necessary work leading up to a feasibility study. We look forward to the challenge ahead." et cetera ...et cetera