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Strategies & Market Trends : Ride the Tiger with CD -- Ignore unavailable to you. Want to Upgrade?


To: riversides who wrote (112374)4/21/2008 6:07:37 PM
From: Rocket Red  Read Replies (1) | Respond to of 312363
 
Aurelian Resources Inc. (ARU $3.73 -$1.31)
Corriente Resources Inc. (CTQ $3.28 - .82)
Dynasty Metals & Mining Inc. (DMM $2.66 - 1.39)
Ouch! It looks like Correa, and his crew in Ecuador
are once again creating chaos for the miners in Ecuador.
One wonders what next as Correa seems one month pro
mining and the next week like his comrade in arms
Chavez, in Venezuela definitely not pro- mining. One has
to remember that this is the same chap that nationalized
most of the oil and gas assets in the country so what next.
Today Canaccord’s Wendell Zerb, writes “a surprise
mining mandate was tabled and approved by Ecuador
Constituent Assembly late last week. This mandate describes
important changes affecting the mining industry
and is being promoted as a way to ensure responsibility
to communities and the environment. This mandate however
also contains what we believe are negative initiatives
which, if taken at face value, could profoundly affect
Aurelian’s ability to advance its current mineral deposits.”
Zerb, has changed his recommendation on the company
from a speculative buy and a $13.00 target to a hold
with target under review. Ouch!
CIBC lowers their target from $20.00 to $12.00 and
wrote. “ Uncertainty is the operative word in this investment.
As such, ARU carries a Speculative qualifier that is
likely not suitable for all accounts. The quality of the deposit,
however, is not in doubt. As one of the biggest
pure gold deposits found in the past decade, it is coveted
by those losing reserves. Takeovers could offer good
premiums to current trading levels. Prices of US$6.50/sh
could be offered if the government took a 50% carried interest
and the suitor used multiples that were based off of
gold prices $150/0z less with a double the discount rate.
All three punitive measures are unlikely.”
Analyst, Eric Zaunscherb, at Haywood though is no
where near as optimistic as he drops his target from
$12.00 to $6.00 and he writes, “The Fruta del Norte project
is world-class and was a “must own” for senior producers.
But a small group in Ecuador’s Constituent Assembly
proposes measures that could see expropriation of
Aurelian’s land position and the creation of a National
Mining Company that could expropriate all or some of
Aurelian’s rights. No appeal



To: riversides who wrote (112374)4/21/2008 6:41:21 PM
From: SwampDogg  Read Replies (1) | Respond to of 312363
 
Just a pile of wrong.
He can take credit for sinking the market today though.

<<it has broken this well-defined bullish trend line>>

What a joker



To: riversides who wrote (112374)4/21/2008 6:57:02 PM
From: rubbersoul  Read Replies (2) | Respond to of 312363
 
I saw that article on Gartman. I had to laugh because about 5 days ago, he was bullish on gold again.

"Sustained dollar strength", LOL!

There is SO much noize. Let's add to it:

bloomberg.com

Long and strong OIL.TO, HEU.TO, G.TO, ER.TO, KCL.TO, and HAU.TO. Holding some RAY and MFL. I'm feeling more comfortable with oil over gold, however. Not too greedy here.....just want 50% in the next couple of months ;O)