Eurobench.com

[verwijderd] 11 mei 2006 20:49

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Atna Reports First Quarter Financials and Highlights
Thursday May 11, 1:13 pm ET

VANCOUVER, May 11 /CNW/ - Atna Resources Ltd. (ATN:TSX) (the "Company") is pleased to release its interim consolidated financial statements, prepared without audit, for the three months ending March 31, 2006, and the Management's Discussion and Analysis ("MD&A") dated May 9, 2006. The following is a summary of the information contained in the interim consolidated financial statements and MD&A, both of which can be found on the Company's website link at www.atna.com/s/FinancialStatements.asp and on the sedar website at www.sedar.com.

Highlights

- The resource estimate at the Pinson property was updated to include
new drilling up to January 2006. Results are summarized and compared
to the January 2005 estimate as follows:

- Total recalculated resource at 0.2 ounce per ton (opt) gold cutoff
increased to 712,600 ounces of gold in Measured plus Indicated
(M&I) categories and 1,273,000 ounces of gold in the Inferred
category.
- The average M&I grade increased more than 30% to 0.42 opt gold
from 0.32 opt gold. Inferred grade improved to 0.34 opt gold.
- Mineralization in M&I categories increased over 50% to 712,000 of
ounces gold.
- Grade in upper Range Front zone increased 33% to 0.44 opt gold.
- Ogee zone added 215,600 ounces of M&I mineralization at an average
grade of 0.65 opt gold.

- Surface exploration during the quarter included 8,280 feet of RC
drilling in 12 holes.
- Underground work included 9,430 feet of core drilling in 23 holes,
25 feet of drift advance, and test mining in the Ogee Zone. Test
mining results and rock stability conditions are being evaluated.
- Pinson Mining Company (PMC), a wholly owned subsidiary of Barrick Gold
Corporation, exercised its back-in option. PMC must spend
US$30 million dollars for further exploration and development of the
property within three years if it is to increase its interest to 70%,
thereby reducing Atna to a 30% interest. If PMC fails to make the
expenditure, Atna's interest will remain at 70%.

Results of Operations

The Company incurred acquisition and exploration expenditures of $1,386,407 (2005 - $942,558) of which $1,370,183 were attributed to the Pinson project. The Company received recoveries of $69,993 (2005 - $20,000) on the Beowawe project, Nevada, and incurred a write-off of $136,015 (2005 - Nil) on the Sno project, Nevada.
General and administrative expenses of $1,039,524 (2005 - $303,433) represented an increase of $736,091 over the previous period. General and administrative expenses of note included an increase in wages and benefits and a $518,240 increase in stock-based compensation. Other items included the gain on the sale of marketable securities and the write-off of resources properties.

Wages and benefits of $247,493 (2005 - $7,889) represented an increase of $239,604 over the previous period. The increase was as a result of an increase in salaries and the granting of bonuses to management and employees. The increase was also as the result of a change in the allocations in reporting salaries and wages from the previous period.

Stock-based compensation expenses of $528,595 (2005 - $10,355) represented an increase of $518,240 which was as a result of a greater number stock options at a higher price having been granted during the current period.

The gain on sale of marketable securities of $1,652,608 (2005 - $308,000) represents an increase of $1,344,608 which was as a result of the gain on sale of Yukon Zinc Corp. and Pacific Resources Corp. shares during the current period.

A write-off of $136,015 (2005 - Nil) was incurred on the Sno project, Nevada.

Interest income of $134,691 (2005 - $59,892) represented an increase of $74,799 over the previous period which was as a result of having a greater amount of funds on deposit and the investment of a certain portion of the funds in longer term financial instruments.

Outlook

The Company has been advised by PMC that PMC is developing a program for further exploration and development of the Pinson project. The Company is presently downsizing staff involved with the property and managing transition issues to hand over operation of the property to PMC. PMC will carry the full burden of the next US$30 million to be spent on the property, unless they change their present decision. Atna is therefore unlikely to have any further capital requirements to maintain its interest in the Pinson property for at least two years. Atna will closely monitor progress of work at Pinson and will retain capability to resume as operator of the property in the event that PMC decides not to follow through with the expenditure of the full US$30 million. Atna has full access to data from the property and PMC is governed by routine reporting requirements under the agreement between the companies.

A core team of key Atna employees will change focus from Pinson to the pursuit of other growth opportunities. The Company's primary objective continues to be the building of a successful gold exploration and mining enterprise. This will be accomplished by:

- Exploring the portfolio of gold exploration prospects held by Atna in
Nevada.
- Exploring, evaluating, and acquiring additional gold exploration
prospects and properties.
- Reviewing and pursuing merger and acquisition opportunities with
strategic partners or with companies that have gold properties with
potential for rapid advancement to feasibility and/or profitable
mining operations.

The company has a healthy treasury and has no immediate requirement for additional capital to finance its activities. Assets, including Pinson and the royalty on the Wolverine property, have the possibility of generating significant cash flow within less than a three year time frame.

biz.yahoo.com/cnw/060511/atna_q1_fina...

handyman6 11 mei 2006 20:56

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Goeie info-bedankt!H6

[verwijderd] 11 mei 2006 21:07

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Ik heb in de draad zilvermijnen ook het bedrijf ECU Silver Mining genoemd zien worden. Dat is één van de ontdekkingen van 2006.
Laat hele hoge kwaliteit zien bij de samples die naar boven worden gehaald.
Hier de 1 jaar grafiek:

finance.yahoo.com/q/bc?s=ECU.V&t=1y&l...

[verwijderd] 11 mei 2006 23:30

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Press Release Source: ECU Silver Mining Inc.

ECU Silver Mining Inc.: Press Release
Thursday May 11, 4:50 pm ET

TORREON, COAHUILA--(CCNMatthews - May 11, 2006) - ECU Silver Mining Inc. (TSX VENTURE:ECU - News) -

- New property acquisition in a geological environment similar to the Santa Juana mine;

- Exploration ready to start on the San Diego property joint venture with Golden Tag;

- First drill hole aimed at testing the new stockwork mineralization intersected 40 meters of core length (30 meters width) of similar material, assays are pending.

ECU Silver Mining Inc. (TSX VENTURE:ECU - News; the "Company") is pleased to announce the signing of an exploration and purchase agreement for 3 mining lots totaling 41.3 hectares. A payment of US$60,000 was made on signing of the documents and additional payments of US$390,000 will be paid in installments over the next 24 months to acquire a 100% interest in the property.

This property is located only 1,600 meters south of the Terneras adit entrance, and less than 500 meters from the boundary of our Velardena property. The geology is similar to the geology of the Santa Juana mine where all our recent major discoveries were found. On surface, 10 veins are well identified, varying in known length from 250 meters to 1,300 meters, and in width from 0.20 to 4.0 meters. The best known vein, the "Los Muertos-Chicago" vein, has been followed for 1,300 meters horizontally and 300 meters vertically.

Historical sampling and mining gave the following results:

- Sampling for William Resources by David Graveson, geologist, in January of 1997 suggested an initial potential for 300,000 tonnes of 8 g/t gold-equivalent (these numbers are historical in nature and have not been calculated following the norms and rules of NI 43-101. They are hereby mentioned only as part of the information available actually);

- Sampling for Penoles by Santiago Herran, engineer, in September 1997 yielded a segment of vein of unknown length with widths between 0.40 and 1.30 meters with an average grade of 5.0 g/t Au, 400 g/t Ag, 5.7% Pb and 5.8% Zn;

- In the 90's, several lots of concentrates were sent to IMMSA' smelter in Chihuahua with average grades of 2.4 g/t Au, 4.0 kg/t Ag and 65% Pb for the lead concentrates and 300 g/t Ag and 56% Zn for the zinc concentrates. These concentrates were obtained by milling ore from the above mentioned veins and do not represent an indication of the grades of the veins;

- Finally, in 1996, a bulk sample was sent to BLM Minera Mexicana for treatment in their cyanide treatment milling plant. The average head grade was 12 g/t Au and 300 g/t Ag.

The importance of this first agreement in the immediate vicinity of the Velardena property can not be underestimated as the acquired mining lots have been identified as the land in the area with the geological context most similar to the Santa Juana mine geology. "We are extremely pleased to have executed this strategic agreement at this time. Given the success of our drilling program, the Company felt it is in the best interest of the Company to increase our land position surrounding our current property now rather then later", noted Michel Roy, president and chief executive officer of ECU Silver Mining.

Also, the Company would like to comment that Golden Tag Resources has announced that they will finance the acquisition and initial exploration program for the San Diego property where they will have to spend a total of US$1,500,000 over three years to acquire a 50% interest. Work will begin shortly on the San Diego property where Golden Tag Resources have budgeted to spend $500,000.00 (U.S.) for exploration on the property in 2006. The Company believes that the San Diego property has excellent potential and we look forward to working with Golden Tag Resources.

Finally, hole TA 17.5-06 has intersected the same geological unit containing the stockwork announced recently. Thanks to the tireless efforts of our drilling team, initial target depth has been reached ahead of schedule. The zone reached is a mineralized diorite cut by numerous veins and veinlets that is in the exact projection of the zone intersected in the cross-cut. The intercept, from 75 to 115 meters for a total core length of 40 meters (estimated true width of approximately 30 meters) was sampled and sent for assaying. Assays are pending and will be published as soon as they are available.

biz.yahoo.com/ccn/060511/200605110327...

[verwijderd] 14 mei 2006 20:24

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Got Gold Report – Mining Shares Disconnect From Gold

By Gene Arensberg
14 May 2006 at 12:45 PM EDT

HOUSTON (ResourceInvestor.com) -- Based largely on underlying indicators we track, the short-term, repeat short-term, outlook for this report turned cautiously bearish last week for the first time since a one-week stint in September of 2005. While spot gold managed to end the week with its ninth consecutive weekly advance, mining shares ended the week in the red, as expected. This week, the most glaring disconnect of the shares to the metal since April of 2004 should be very troubling for gold bulls and is the primary reason this report remains cautiously bearish short term.

Vervolg:
www.resourceinvestor.com/pebble.asp?r...

[verwijderd] 14 mei 2006 20:30

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1 van de betere forums/bullboards in Canada...

www.stockhouse.ca/

[verwijderd] 15 mei 2006 16:36

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Press Release Source: Atna Resources Ltd.

Atna Receives Positive Test Mining Results
Monday May 15, 9:10 am ET

VANCOUVER, May 15 /CNW/ - Atna is pleased to report recently received results from test mining in the Ogee Zone at the Pinson property in Nevada. Test mining in March was completed in the south rib of the 4800 level, where a bulk sample was collected. Approximately 300 tons of mineralized muck were stockpiled in the CX decline stub for future processing and metallurgical characterization. The results of rock mechanics studies and the physical stability of the rib and back of the stoped area indicate that ground conditions are amendable to open stope mining methods, which could reduce the mining cost significantly from the drift and infill mining methods originally expected.

Hier verder:
biz.yahoo.com/cnw/060515/atna_mining_...

faites-vos-jeux 16 mei 2006 00:20

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quote:
henrikki schreef:
Got Gold Report – Mining Shares Disconnect From Gold
By Gene Arensberg
14 May 2006 at 12:45 PM EDT
...........
www.resourceinvestor.com/pebble.asp?r...

dit was een belangrijk artikel met ook voorspellende waarde (zie het alleen nu pas)

[verwijderd] 16 mei 2006 15:06

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Gold Mining Stocks and the Current Sell Off in the Metals
Kenneth J. Gerbino
Archives
Kenneth J. Gerbino & Company
May 16, 2006

This is not the final blow off for gold but could be a major consolidation and pullback that could last from two months to two years (like 1974-76).
.
Gold mining dehedging will be a stabilizing factor for gold as many companies try and close out horrible hedge book positions and cover. This will be a strong influence to halt any major price declines.
.
Since all the metals are getting hit hard at the same time, this appears to be big fund action and now momentum players will follow and exit.
.
If there is any central bank that wanted to add some gold to the kitty without upsetting their colleagues they will show up in the next few weeks or months.
.
The gold correction should be looked at from two basic global technical aspects.
.
1) Using a base of approx. $400 gold for all of 2004, one could expect a 33% retrenchment of the move to $700. 33% of this $300 move would be $100. So a target here would be $600 gold.
.
2) Using the shorter term base of 2006 (Jan-March of approx $570) then the move to $700 would be $130 and using a short term 50% retrenchment (due to the short term nature ) would be $65 or a target of $635. These numbers work for traders as well as jewelry buyers in Asia and India. So a $600-635 price target may be reasonable.
.
The major move in gold will occur years from now when inflation is everywhere and at very high levels (8-12%) and people from China, France, the U.S. and other countries are stampeding into gold. The last few years are only the first leg of gold catching up with toothpaste, donuts and coffee. The big move is coming later.
.
Major mining companies are in acquisition mode and this is a long term bullish sign as these players are extremely conservative and rarely speculate (as opposed to small exploration companies) ABX taking over PDG. Teck-Cominco merger and now Teck-Cominco going after Inco. There are others. They know the supply-demand equation for the metals is long term very favorable.
.
The dollar needed a rest from its 8% sell off in the last 10 weeks and is rallying. Gold is responding to this. The other base metal sell offs are more likely to respond to other factors and that is why this coordinated selling is most likely fund driven and many funds are new to this arena... so expect plenty of volatility.
.
50-day moving averages will probably bring in some support. I would suggest that long term investors in this sector protect profits, raise some cash and remain at least 60% invested as we are still in a bull market in the precious metals. But caution is advised. All metals are very pricey. The easy stuff is over.
.
A hard look at 1974-76 would be a smart thing to do. This was a tough time for gold and the mining shares but it was only a rest from the 1968-73 run up and a prelude to the blast off from 1976 to 1980. This may be a re-run.
.
Remember gold mining stocks that can mine gold at $250 gold or lower make fortunes at even $500 gold... so don't throw out the baby with the bath water just because a much-needed correction is now showing up.

www.321gold.com/editorials/gerbino/ge...

[verwijderd] 21 mei 2006 15:18

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Zeer lezenswaardig van Eric Hommelberg:

Gold/HUI Anomaly – Turnaround is there!

by Eric Hommelberg
May 20, 2006

I don’t know about you but I’m happy with today’s HUI decline of 2.8 pts. What? Having lost my common sense? Did I finally convert myself to the short side of the HUI trade? No dear fellow investors, in contrary, today’s action in fact surprised me even beyond my own imagination and its my strong believe we’re heading towards a buying opportunity of a lifetime here.

Hier verder:
www.golddrivers.com/GDRUpdates/gdrupd...

handyman6 21 mei 2006 16:37

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quote:
postzak schreef:
Zeer lezenswaardig van Eric Hommelberg:

Gold/HUI Anomaly – Turnaround is there!

by Eric Hommelberg
May 20, 2006

I don’t know about you but I’m happy with today’s HUI decline of 2.8 pts. What? Having lost my common sense? Did I finally convert myself to the short side of the HUI trade? No dear fellow investors, in contrary, today’s action in fact surprised me even beyond my own imagination and its my strong believe we’re heading towards a buying opportunity of a lifetime here.

Hier verder:
www.golddrivers.com/GDRUpdates/gdrupd...

Ik denk dat wat speculanten hun "
winst" hebben genomen-op zich geen reden om eruit te stappen als je in goud gelooft en wie doet dat nu niet?!H6

[verwijderd] 21 mei 2006 18:42

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Shine dims for Canada junior miners
May 21, 2006, 6:52 am

By Robert Melnbardis

MONTREAL (Reuters) - After riding a year-long surge in precious and base metals prices, Canada's junior miners are taking the brunt of a broadening sell-off as investors look for signs the volatility will ease in the weeks ahead.

The resource stocks laden Toronto Stock Exchange S&P/TSX composite index has tumbled some 7 percent since May 11, when precious and base metals prices began a sharp correction. The S&P/TSX Venture Exchange index, however, has plummeted 16 percent from its lifetime high reached on May 11.

"My screen is covered in red and there is very little in the way of upticks," said Graeme Currie, analyst and junior resource stock specialist at Canaccord Adams.

The effects of eroding metals prices are evident in the pullback of top traders on the Venture Exchange, which is reserved for Canada's juniors, mostly micro-caps, and where the average market capitalization of the roughly 2,200 issuers listed is C$24 million ($22 million).

Shares of Ecu Silver Mining , which has gold and silver properties in Mexico's Durango state, have dropped from their year high of C$3.40 reached on May 11 to C$2.91 on Friday.

Yukon Zinc Corp. , which owns a northern Canada zinc and silver resource and properties in south central Yukon, tumbled from a year high of C$1.01 on May 9 to 28 Canadian cents on Friday.

Yukon Zinc has been one of the portfolio holdings at Pinetree Capital Ltd. , an investment and merchant bank focused on the small cap market and which trades on Toronto's main exchange.

After steadily ramping up from a year low of C$2 in June to a high of C$21.75 on April 6, Pinetree's shares had eroded by Friday to C$16.38, despite rallying C$2.76 on the day.

At the end of March, Pinetree's portfolio was invested 9 percent in base metals, 22 percent in precious metals and 16 percent in coal and uranium. It also holds energy stocks.

VENTURE VOLUME KEY

Currie is keeping his eye on daily volume on the Venture Exchange, which averaged roughly 200 million shares a day in the months leading up to the sell-off, but dipped this past week to about 180 million.

Currie says volume of at least 150 million shares a day in the weeks ahead would help support the juniors' prices, and if commodity prices level off, that could signal the start of base-building for Venture Exchange shares.

One plus for the juniors in the months ahead is that they are flush with cash raised through the capital markets, the financial lifeblood needed in the search for new mineral resources.

"Over the next 12 months, the amount of money that is to go into the ground will certainly be unlike anything that we've seen since the last decade," said Currie.

At Blackmont Capital, analyst Don Poirier notes juniors still need to hope that investors unnerved by the sell-off remain willing to place their bets on the Venture Exchange.

"You need the buy-in from investors and the buy-in is not there, no matter how much cash they have or don't have," Poirier said.

Meanwhile, metals prices appear unlikely to calm nervous investors holding the juniors. Spot gold fell another 4.3 percent on Friday, capping a week that saw the price down 11 percent from a 26-year peak of $730 an ounce.

Copper fell another 7 percent on Friday, with London Metal Exchange copper for delivery in three months down to $7,550 a tonne from its recent peak of $8,790.

"With an expected economic slowdown in the U.S., it seems that a correction of base metal pricing of 20 percent is in store," said Sebastien Lavoie, economist at TD Bank Financial Group, adding that TD is likely to revise that forecast in the coming days.

($1=$1.10 Canadian)

ca.news.finance.yahoo.com/21052006/6/...

[verwijderd] 22 mei 2006 19:16

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First gold-miners ETF begins trading

By John Spence, MarketWatch
Last Update: 11:03 AM ET May 22, 2006

BOSTON (MarketWatch) -- The first exchange-traded fund to invest in shares of public gold-mining companies began trading Monday on the American Stock Exchange, following up on the popularity of ETFs that hold gold and silver bullion.
Van Eck Global, a firm specializing in hard-asset funds, launched the Market Vectors-Gold Miners ETF (GDX : market vectors etf tr gold miner etf
News , chart, profile, more
Last: 36.99+0.47+1.29%

12:55pm 05/22/2006

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GDX36.99, +0.47, +1.3%) , which is designed to track the performance of the Amex Gold Miners Index (GDM : amex gold miners index mod mkt cap wt
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Last: 0.000.000.00%

12:00am 12/30/1899

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GDM0.00, 0.00, 0.0%) .
The benchmark holds 44 mining stocks, with top holdings including Newmont Mining Corp. (NEM : Newmont Mining Corporation
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Last: 50.40-0.67-1.31%

12:55pm 05/22/2006

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NEM50.40, -0.67, -1.3%) , Barrick Gold (ABX : Barrick Gold Corporation
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Last: 30.78+0.22+0.72%

12:55pm 05/22/2006

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ABX30.78, +0.22, +0.7%) and Goldcorp Inc. (GG : goldcorp inc new com
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Last: 29.84-0.33-1.09%

12:55pm 05/22/2006

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GG29.84, -0.33, -1.1%) , according to the Amex.
"The vulnerability of the U.S. dollar, the twin deficits and other financial imbalances could lead to economic stress that supports a continued positive view on gold-related investments," said Joseph Foster, a portfolio manager at Van Eck.
The new ETF "is designed for investors looking for the traditional diversification benefits of gold-related investments as well as the liquidity that intraday trading provides," he added. ETFs are baskets of securities that trade on exchanges like individual stocks, so they can be sold short.
The new ETF, for which the specialist is Goldman Sachs Execution & Clearing LP, comes on the heels of the success of StreetTracks Gold Trust (GLD : streetTRACKS Gold
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Last: 65.14-0.44-0.67%

12:55pm 05/22/2006

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GLD65.14, -0.44, -0.7%) , iShares Comex Gold Trust (IAU : ishares comex gold tr ishares
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Last: 65.21-0.49-0.75%

12:54pm 05/22/2006

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IAU65.21, -0.49, -0.7%) and iShares Silver Trust (SLV : ishares silver trust ishares
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Last: 124.32-1.68-1.33%

12:55pm 05/22/2006

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SLV124.32, -1.68, -1.3%) .
The silver ETF recently held a successful launch after a controversial registration period, while the StreetTracks Gold Trust has ridden the metals boom to a 56% return over the past year, according to Morningstar Inc.
However, the new Van Eck offering tracks an index of mining companies, while the trio of earlier ETFs holds the metal in a vault and shares represent ownership in physical gold or silver. The stocks tend to be more volatile than the actual metals, while owning bullion removes the normal risks of investing in companies. Read more metals versus mining stocks.
Shares of Market Vectors-Gold Miners ETF were down 1% to $36.15 in morning dealings on its first trading day.

www.marketwatch.com/News/Story/Story....

[verwijderd] 23 mei 2006 09:40

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Van Lemetropolecafe.com:

It is very unusual I pay so much attention, or bring to your attention, to a stock such as ECU Silver. However, since I have believed it to be one of those stocks that is going to the moon, and is always the one everyone else owns but me, I am going overboard that it does not get swept through the cracks. The history on this home run:

*MIDAS visiting their property in 1999 and wrote: Indiana Jones and the Mine of Boom

www.lemetropolecafe.com/pfv.cfm?pfvID...

Little did I know at the time, it was close to becoming the "Mine of Doom!"

Pyrite circuit testing update

For those that follow the company closely this was the BEST part of the new release:

“Although this process has taken more time then the company originally anticipated, it is pleased to report that it has received successful preliminary results from the pressure oxide leaching tests. Further tests are being currently conducted to fine tune the parameters, a final report is expected well before midyear. This was a critical step and the company wishes to point out the importance of this accomplishment as once the circuit is in full operation, the company will experience a significant impact on cash flows as this process will practically double the potential revenues from the pyrite concentrates”

This is a MAJOR critical step as the company is already sitting on approximately 15,000 ounces of gold and 150,000 ounces of silver just waiting to be processed .But until NOW, they had NOT PROVEN what was the right recovery method that would maximize the value, well now they got it!!! The company is talking about recovery rates of OVER 90% which will get them top $$ for their pyrite concentrate. Even at $600 gold we are talking about $9 000 000.00 (take away about 5% for refinery and that still leaves you with over $8.5 million) of revenue just waiting to be collected from the gold alone that is currently sitting in our tailing ponds (see photos below).

Guess this is why Mr. Roy stated the following:

“Now that the mill is ready to begin operating at an average of 340 tpd and with the implementation of the pyrite circuit, year-end operational results will easily be the company's best on record.”

Currently, the company is being valued 100% as an exploration company, but that will change soon enough as ECU is no longer just an exploration company.We have the perfect scenario taking place here:

1) the company is planning to increase production ;

2) at the same time they continue with the remaining 80% of their drilling program ,and;

3) Throw in the fact that their updated 43-101 is expected over next 6 weeks (which I bet will shock many people still in doubt) and we all agree that things are looking GREAT for the company.

Also, David Chapman from Union Securities, and one of Canada’s most renowned technical market experts, appeared on “Financial Friday”. A show on Rob’Tv (a national business TV station ala the USA’s MSNBC). I think it is a worth while 30 minutes show to watch as David’s view on Oil and Gold are very much in line of GATA’s thinking. $1,000.00 gold is only a question of “when” not “if” according to him. Also, towards the end of the Show, he picked ECU Silver as his top pick for the show and brilliantly explained why. He did not give a target but he stated that they have much higher targets for the stock then the current price. This mention on National TV will give ECU further major exposure and Tuesday could see a major “gap up” in the stock if the sector decides to take a break from this gut wrenching down draft.

Here is the link for those that like to see it:

www.robtv.com/servlet/HTMLTemplate/!r...

*The stock was around 25 cents Cdn. It rose, then collapsed, as management screwed the deal up.

*The stock fell at one point to ½ cent. The CEO was fired. The plant manager, Michel Roy, became the new CEO.

*Michel is a class act, honorable, smart, and is known as a brilliant geologist.

*Michel came to Gold Rush 21 and ECU has been a substantial GATA supporter.

*When the stock was trading between 25 and 35 cents Cdn., Michel began to come up with incredible results. This was only 6 months ago. MIDAS began jumping up and down. Few cared. I could not comprehend why.

*Just the way it is I guess. So, I continue to jump up and down.

*Each to their own. If all goes as anticipated, this stock has a LONG way to go when the investment world wakes up. Its giant move higher will allow me to do whatever else I want to do in the future … sailing off into the sunset at my young age would be no fun.

*There is always a caveat in the precious metals mining world. Numerous things can kick in to cause a damper on what we expect to occur. However, if MIDAS is right, this is a rare one, that should become a super star. Already for 2006, it is the 3rd most successful Canadian stock, and it is only warming up.

*From my friend S.Y., one of ECU’s largest shareholders and a brilliant young man, who sent The Café the following:

ECU Silver

The ECU Silver express train gathered some serious steam last Friday afternoon and pulled off one of the most incredible intra day reversals of any stock I have ever owned. What was most impressive about the move was the fact that:1) HUI was still down for the day (although well off the lows) and, 2) that the reversal for ECU came on heavy volume on a Friday afternoon before the beginning of a long weekend for Canadians as Monday May 22nd is Victoria Day and markets are closed (you would have figured many left early for the day).

Although the PR that came out on Friday (will talk about that later) did have an impact on the rally, I think there were OTHER factors in play here that provided the bigger push for the sudden reversal:

1) ECU is ABOUT the ONLY PM stock (and yes that includes the Goldcorps and Newmonts of the world) that DID NOT break below its 50ma in this SAVAGE raid in the shares over the past two weeks;

2) ECU did touch its 50ma yesterday for about 30 seconds and once the mkt saw it held, it shot back up like a rocket;

3) Many people probably panicked/out smarted themselves and sold at $2.60 and $2.50 etc ..thinking that ECU was going back down to $2.00 and figured they would buy back at lower prices. Well, next thing you know the stock is back above $2.70 in a heartbeat. The sellers now panicked the “other way” and became buyers to get back in as they did not want to go home 100% out of their ECU position BEFORE a long weekend.

4) Many investors/Funds that missed the run up waiting on the side lines for an entry level were probably thinking lower prices might be possible(given the pressure the sector was under)decided to step up and bought with conviction once we crossed $2.50 and then again above $2.79;

5) ECU has built a nice "box" formation between $2.40 and $3.40 over the past 6 weeks. It was not by accident that both Thursday and Friday, the shares DID trade below $2.40 intra day but on both days we ended up closing ABOVE $2.40...Thur at $2.49 and Fri$2.95 a classic bear trap. Thus I can say with little doubt that once HUI firms up and ECU takes out $3.40, we will touch $4.00-$4.50;

6) ECU took out it’s down trend line of the past week at $2.79 and as soon as that happened, it was like wild fire out there on the buy side!!;

7) HUI is down 7 days(8 after today) in a r

[verwijderd] 23 mei 2006 09:41

0

Vervolg:

7) HUI is down 7 days(8 after today) in a row (and 11 of 14 trading days if u include today), even the bears can’t argue about the shares bouncing back over the next week or so, and ECU is one of the best companies to play that bounce back on. Last to fall and first to rally back, that is the MOST HEALTHY SIGN a stock can have and ECU has done that to perfection time and time again (the same thing happened early in the year when HUI went from 350 to 280, and ECU actually went up).

2006 Q-1Press Release

ECU has made such a GREAT habit of coming out with so many fantastic discoveries and assay results over the past 6 month, that most people have forgotten that ECU is also already in production. Milling at 300tpd might seem like a tiny amount to some, but you do not need more then 10 finger(if that) to count how many gold/silver companies actually produce anything in Mexico that like to compare themselves to ECU. There is some crazy number out there that something like ONLY 1 in 1000 exploration companies actually EVER ends up producing ANYTHING. I point that fact out because making money in the mining business has to be the MOST DIFFCULT sector on the planet to achieve a profit in.

ECU is already well on the way of being a viable operation and the table is set for them to substantially increase their production before the year is out which will separate them from the “pretenders’ even more.

--“The company generated an operating profit of $350,293 in the first quarter compared with a loss of $104,433 for the same period in 2005.” (While averaging only 195 tonnes per day production because they were upgrading the mill again)

---The company anticipates reaching its short-term goal of 340 tonnes per day by the end of May, 2006. (I will let you imagine what this will do to the bottom line considering what they did in the 1st quarter at 195 tpd)

They say “seeing is believing” so here is some pictures of the mill:

Pyrite circuit testing update

For those that follow the company closely this was the BEST part of the new release:

“Although this process has taken more time then the company originally anticipated, it is pleased to report that it has received successful preliminary results from the pressure oxide leaching tests. Further tests are being currently conducted to fine tune the parameters, a final report is expected well before midyear. This was a critical step and the company wishes to point out the importance of this accomplishment as once the circuit is in full operation, the company will experience a significant impact on cash flows as this process will practically double the potential revenues from the pyrite concentrates”

This is a MAJOR critical step as the company is already sitting on approximately 15,000 ounces of gold and 150,000 ounces of silver just waiting to be processed .But until NOW, they had NOT PROVEN what was the right recovery method that would maximize the value, well now they got it!!! The company is talking about recovery rates of OVER 90% which will get them top $$ for their pyrite concentrate. Even at $600 gold we are talking about $9 000 000.00 (take away about 5% for refinery and that still leaves you with over $8.5 million) of revenue just waiting to be collected from the gold alone that is currently sitting in our tailing ponds (see photos below).

Guess this is why Mr. Roy stated the following:

“Now that the mill is ready to begin operating at an average of 340 tpd and with the implementation of the pyrite circuit, year-end operational results will easily be the company's best on record.”

Currently, the company is being valued 100% as an exploration company, but that will change soon enough as ECU is no longer just an exploration company.We have the perfect scenario taking place here:

1) the company is planning to increase production ;

2) at the same time they continue with the remaining 80% of their drilling program ,and;

3) Throw in the fact that their updated 43-101 is expected over next 6 weeks (which I bet will shock many people still in doubt) and we all agree that things are looking GREAT for the company.

Also, David Chapman from Union Securities, and one of Canada’s most renowned technical market experts, appeared on “Financial Friday”. A show on Rob’Tv (a national business TV station ala the USA’s MSNBC). I think it is a worth while 30 minutes show to watch as David’s view on Oil and Gold are very much in line of GATA’s thinking. $1,000.00 gold is only a question of “when” not “if” according to him. Also, towards the end of the Show, he picked ECU Silver as his top pick for the show and brilliantly explained why. He did not give a target but he stated that they have much higher targets for the stock then the current price. This mention on National TV will give ECU further major exposure and Tuesday could see a major “gap up” in the stock if the sector decides to take a break from this gut wrenching down draft.

Here is the link for those that like to see it:

www.robtv.com/servlet/HTMLTemplate/!r...

[verwijderd] 23 mei 2006 10:53

0

Tegen de klippen op

Elk nadeel heeft zijn voordeel. Dat is mijn levensmoto volgens mijn vriendin.

Het grote voordeel van een zware correctie, is dat de zeldzame aandelen die niet mee dalen gegarandeerd de winnaars zijn als de dalende trend voorbij is.
Daarom heb ik gisteren maar eens een paar honderd charts uitgeprint van de aandelen die ik volg in de grondstoffensector. Eens kijken welk aandeel nog boven zijn 200-daags gemiddelde zit. Het teken dat de stijgende trend nog steeds niet voorbij is.
Tot mijn grote verbazing bevinden een paar fondsen zich zelfs nog steeds boven het 50-daags gemiddelde. Een teken van ongekende kracht. Stijgen in een crashende markt. Hoe is het mogelijk?

Hier de Top-3:

Aurelian (ARU.V)
Dit fonds meldde begin april dat een al eerder ontdekte goudader anderhalve kilometer verder opnieuw was aangetroffen. Slimme beleggers wisten genoeg en stapten snel in. Sinds begin 2006 al meer dan 878% gestegen. Vrijdag kwam er weer 6% bij. Staat op nummer drie in de YtD-rendementslijst van www.golddrivers.com/ en is sinds 3 februari opgenomen in de exploration-portfolio.

ECU Silver (ECU.V)
In de constante zoektocht naar de laatste belangrijke ontdekking van een nieuw goud-, zilver- of koperveld is ECU Silver de hit van 2006. Het bedrijf publiceert wekelijks nieuwe vondsten en is één van de 500 kleine exploratiebedrijven die in Canada op de beurs staan genoteerd. Staat op nummer vijf in bovengenoemde YtD-lijst met een winst van 570%. Het aandeel is sinds 16 januari opgenomen in de exploration-portfolio.

Southern Star (SSR.V)
Vond kort geleden goudwaarden van meer dan 2 kilo per ton gesteente. Normaal zijn de gouddelvers al blij met twee gram per ton. Maar de vondst in het Red Lake-gebied in Ontario ligt dan ook om de hoek van één van de rijkste goudmijnen ter wereld, de Red Lake mijn met 10 miljoen ounces goud van Goldcorp. Dit bedrijf heeft eerder dit jaar aangegeven versneld op zoek te zijn naar nieuwe goudvelden. Zij kochten een paar maanden geleden voor bijna een half miljard dollar de Eleonore goudontdekking (3 miljoen ounces) van Virginia Gold. Southern Star is dus een overnamekandidaat bij uitstek. Steeg de laatste twaalf maanden al meer dan 2000%. Is ook sinds 16 januari opgenomen in de Discovery-portfolio.

Willem Middelkoop

www.inveztor.nl/pagina/blog/view/1859

[verwijderd] 23 mei 2006 11:13

1

Tja, gisteren was het misschien een leuk idee geweest om wat met ECU te doen.
Vandaag vraag ik me af of het wellicht de volgende Bre-X (of zo) is. Die had ook steeds geweldige persberichten over geweldige goudvondsten. Echter toen die geologist uit de helicopter geggoid was, toen bleek het gewoon oplichterij te zijn.

Op zich koop ik dan toch liever na stevige correctie een aandeel als GoldCorp.
Bij GG heb je vrij redelijke indruk wat je koopt. Zo'n ECU.V: misschien is het wat, wellicht ook niet..... Daar kun je toch niet veel geld instoppen ?
Die super-promotionele verhalen mbt kleine companies, daar zullen de "analisten" wel voor betaald worden, denk je niet ??

Bijlage:

[verwijderd] 23 mei 2006 11:26

0

quote:
xzorro123 schreef:
Tja, gisteren was het misschien een leuk idee geweest om wat met ECU te doen.
Vandaag vraag ik me af of het wellicht de volgende Bre-X (of zo) is. Die had ook steeds geweldige persberichten over geweldige goudvondsten. Echter toen die geologist uit de helicopter geggoid was, toen bleek het gewoon oplichterij te zijn.

Op zich koop ik dan toch liever na stevige correctie een aandeel als GoldCorp.
Bij GG heb je vrij redelijke indruk wat je koopt. Zo'n ECU.V: misschien is het wat, wellicht ook niet..... Daar kun je toch niet veel geld instoppen ?
Die super-promotionele verhalen mbt kleine companies, daar zullen de "analisten" wel voor betaald worden, denk je niet ??

Ben het niet met je eens. De voorschriften omtrent publicatie zijn zeer strikt! Je kunt niet zo maar een persbericht opstellen naar believe en de boel bij elkaar liegen, om op een later moment te roepen....sorry lui, het is totaal anders dan eerder gesteld.
De geologische rapporten zijn zeer zeer goed. Daar dien je je op te baseren.
Dus super-promotionele verhalen....nog niet misschien.
Analisten worden er niet voor betaald, worden ze het wel, dan dient dat vermeld te worden.
Maar wat maakt het uit, je baseert je toch op eigen "onderzoek"...toch? Niks staat je in de weg om te bellen met het bestuur van zo'n bedrijfje. Verrassend vaak krijg je topfunctionarissen aan de lijn die zeer bereidwillig zijn om antwoord te geven op je vragen. Kom daar maar eens mee bij de grote bedrijven. Begrijpelijkerwijs krijg je die niet aan de lijn.
Ik ben het vertrouwen in de mensheid niet kwijt en baseer mijn mening ook vaak op die van anderen. Meestal zijn dat geologen die zich hebben bewezen in het verleden. Zij geven geen info over financiele aangelegenheden, maar kijken puur naar wat er in de grond zit en geven daar commentaar op. Veel objectiever kun je het niet krijgen.
Gr Postzak

[verwijderd] 23 mei 2006 12:18

1

De reden dat je vaak de "topmannen" aan de lijn krijgt, dat komt omdat deze companies vaak maar 5-10 man staff hebben. Er is gewoon niemand anders om de phone optenemen.

En mbt die info van geologen, dat is voor niet-geologen moeilijk interpreteerbaar. Maw een niet-geoloog moet zich daar niet mee bezighouden.
Ja, er kunnen grote reserves zijn, maar is dat winbaar tegen welke kosten. Moeten er aparte wegen e.d. worden aangelegd, wie gaat dat ontwikkelen ?

Toegeven je kunt het treffen met zo'n explo co, maar het is erg tricky. Daarom vind ik die super-promo talk misplaatst. Bre-X was toch ook zo'n co waar veel over geschreven werd ?
Die geolooog werd toch uit de helicopter gegooid ?

quote:
postzak schreef:
...Niks staat je in de weg om te bellen met het bestuur van zo'n bedrijfje. Verrassend vaak krijg je topfunctionarissen aan de lijn die zeer bereidwillig zijn om antwoord te geven op je vragen. .....
Meestal zijn dat geologen die zich hebben bewezen in het verleden. Zij geven geen info over financiele aangelegenheden, maar kijken puur naar wat er in de grond zit en geven daar commentaar op. Veel objectiever kun je het niet krijgen.
Gr Postzak

[verwijderd] 23 mei 2006 12:26

0

quote:
xzorro123 schreef:
De reden dat je vaak de "topmannen" aan de lijn krijgt, dat komt omdat deze companies vaak maar 5-10 man staff hebben. Er is gewoon niemand anders om de phone optenemen.

En mbt die info van geologen, dat is voor niet-geologen moeilijk interpreteerbaar. Maw een niet-geoloog moet zich daar niet mee bezighouden.
Ja, er kunnen grote reserves zijn, maar is dat winbaar tegen welke kosten. Moeten er aparte wegen e.d. worden aangelegd, wie gaat dat ontwikkelen ?

Toegeven je kunt het treffen met zo'n explo co, maar het is erg tricky. Daarom vind ik die super-promo talk misplaatst. Bre-X was toch ook zo'n co waar veel over geschreven werd ?
Die geolooog werd toch uit de helicopter gegooid ?

Door de kleinschaligheid krijg je eerder een hoofdbestuurder aan de lijn, dat klopt. Dat is mooi. In een later stadium kun je dat om begrijpelijke redenen vergeten. Niks mis mee.

Voor niet geologen moeilijk te vatte? Ja klopt, maar als je je er een beetje in verdiept is het goed te vatten. Dus dat niet-geologen zich er niet mee bezig moeten houden bestrijd ik. Juist wel, die info is cruciaal. Vooral WEL lezen, anders loop je achter de feiten aan.

Is er dan helemaal geen onzekerheid? Jawel, en veel ook. Veel meer dan een regulier AEX-fonds. Het kan helemaal misgaan in de "discovery-fase" en dan is het bedrijf uiteindelijk letterlijk $ 0 waard. Weg je geld en letterlijk alles.

AEX 887,44 +8,73 +0,99% 03 mei


Germany40^	18.017,10	+0,67%
BEL 20	3.913,37	+0,52%
Europe50^	4.930,44	+0,18%
US30^	38.691,83	0,00%
Nasd100^	17.893,96	0,00%
US500^	5.127,53	0,00%
Japan225^	38.326,05	0,00%
Gold spot	2.301,75	0,00%
EUR/USD	1,0762	+0,34%
WTI	78,11	0,00%

VIVORYON THER...	+7,18%
Flow Traders	+4,87%
BESI	+4,11%
Brunel	+3,91%
UMG	+3,62%

HEIJMANS KON	-5,17%
Aperam	-4,56%
AMG Critical ...	-3,16%
Kendrion	-2,75%
CM.COM	-2,24%

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