Official Short-term Investments Thread

[Z_Fan]

That's interesting to read.

I guess we'll see if the director's of the company buy back in. I guess that'll tell us something if/when they do.

I still think it's gonna go downwards more. We'll see. Either way, I'm fully out and happy with my profit.

If it gets real cheap again, I'll jump in.

[Canmorite]

Originally posted by EG STyLeZ


What do you mean that it is getting held up by the 10-day MA? Are you saying that because the stock is trading under the 10-day MA? Are you talking about the SMA or EMA?

10 day SMA. I'm saying that because PLE tried to rally, got stuck at the 10 day SMA (On the daily chart) and pulled back.

I think PLE will test the recent lows at 0.73, watch for a bounce or a break.

[djayz]

dont forget PLE is a gold stock and gold has been hammered these last few weeks.

this is just another pull back as they say the month of september is the worst month for the majority of stocks

really i think this is a good time to be picking up the stocks you just couldnt get your hands on during the summer months.

[Rav4Guy]

so anyone else made 21% on PLE coming down?

[liquid1010]

Originally posted by Rav4Guy
so anyone else made 21% on PLE coming down?

Now someone was thinking ahead! Very nice.......

[Ariakas]

Anyone in GML.V :thumbsup:

[EG STyLeZ]

Originally posted by Rav4Guy
so anyone else made 21% on PLE coming down?

Naw, don't have a margin account. You're talking about PLE being down 21% in the last few days right?

[djayz]

GML had a nice day today...
too bad it was only on my watch list and not own list.

[liquid1010]

What's the site that shows insider trading? It lists all purchases by management.

[liquid1010]

What's the site that shows insider trading? It lists all purchases by management.

[ramminghard]

www.sedi.ca

[Rav4Guy]

Originally posted by EG STyLeZ


Naw, don't have a margin account. You're talking about PLE being down 21% in the last few days right?

a margin short account.

[liquid1010]

Right now my stocks are taking a kicking. Sold out of THI, which after commisions I broke out dead even. As for GNY, I'm still ahead.... but it's getting beat down for the time being.

[troyl]

Nice to see SKE break through the 0.80 mark :) and SGX is up on the day so i cant complain :) other than CLL taking a stomping :eek:

[EG STyLeZ]

Originally posted by Rav4Guy


a margin short account.

Yeah I don't have a short or long margin account period. Just a cash account.


Originally posted by troyl
Nice to see SKE break through the 0.80 mark :) and SGX is up on the day so i cant complain :) other than CLL taking a stomping :eek:

Yeah SKE is looking good today. Probably in anticipation of a possible NR next week?

[broken_legs]

Originally posted by EG STyLeZ


Yeah I don't have a short or long margin account period. Just a cash account.



Yeah SKE is looking good today. Probably in anticipation of a possible NR next week?


Whats a 'long margin' account?

:dunno:

Also to Rav guy who do you have your short account through?

thx

[broken_legs]

Originally posted by liquid1010
What's the site that shows insider trading? It lists all purchases by management.


www.Canadianinsider.com

[Rav4Guy]

Margin long = same as cash account but some assets can be marginized and the bank will loan you a certain percentage. The long part would be that your taking a long position and that yoou think it'll go up.

Margin is "Borrowed money that is used to purchase securities. This practice is referred to as "buying on margin"."

My margin short account is through Canaccord.

[Rav4Guy]

http://www.investopedia.com/terms/m/margin.asp

[broken_legs]

Originally posted by Rav4Guy
Margin long = same as cash account but some assets can be marginized and the bank will loan you a certain percentage. The long part would be that your taking a long position and that yoou think it'll go up.

Margin is "Borrowed money that is used to purchase securities. This practice is referred to as "buying on margin"."

My margin short account is through Canaccord.

Is that a full service account (ie pay for brokers advice etc..) or a self directed online dealy ?

[Ariakas]

Originally posted by EG STyLeZ


Yeah SKE is looking good today. Probably in anticipation of a possible NR next week?

I called Skeena today and spoke with their IR person. They said everything is on track for release of drill results next week, likely end of the week. I see the stock continuing to rise prior to results, $1.00+.

[Rav4Guy]

Originally posted by broken_legs


Is that a full service account (ie pay for brokers advice etc..) or a self directed online dealy ?

full service brokerage firm.

[Rav4Guy]

Originally posted by Ariakas


I called Skeena today and spoke with their IR person. They said everything is on track for release of drill results next week, likely end of the week. I see the stock continuing to rise prior to results, $1.00+.

What investor relations will NOT say that though...

[liquid1010]

A LOT of red in my Portfolio today :(

[broken_legs]

Originally posted by liquid1010
A LOT of red in my Portfolio today :(

WORD

:banghead:

[snoop101]

Guess you had no Skeena eh. He he.. im all red, except for skeena which is amazing. friday and today have been awesome. :clap:

[liquid1010]

Yea... I've dropped everything over the past while, except GNY. Now I'm looking at staying in GNY, and maybe bolstering my position, and also looking at GCE.

With that said, I want to get into something outside the energy or metals sector. Any suggestions for starting places? From there I can do my own DD.

[snoop101]

I was in com dev before and it was good. They make electronics equipment for some european army's.

CDV.TO

[wtb]

wow i cant believe i just sold 6500 of my ple shares at .72

WHY DID I NOT SELL AT 1.20!!?!?!?!?

anyways i still made a bit of profit, and then dumped it all into SKE!!!!

[modded46]

What is SKE?? My symbols are different for some reason..

[troyl]

Originally posted by snoop101
Guess you had no Skeena eh. He he.. im all red, except for skeena which is amazing. friday and today have been awesome. :clap:

Second that! Go SKE Go! :clap:

[modded46]

I had the same thing happen with GNTA.. it was up to 1.15 should have sold.. OH well, live and learn.

[modded46]

eeeek! Gold.. i'm staying away from that right now.. :nut:

[modded46]

GOod thing I got out of oil when I did.. Come on guys, something must be taking off soon!! What's the next big trend.

[Red@8]

Originally posted by modded46
GOod thing I got out of oil when I did.. Come on guys, something must be taking off soon!! What's the next big trend.

Take a look at FAB - flying a petroleum, some good potential for nat gas.

p.s. go skeena go!

[liquid1010]

Nat. Gas is at a three year low.... so I'm not sure about that. I'm in a NG play right now, and I'm going to hold-on. I might wait a bit before jumping onto the bandwagon more heavily.

Anyone involved in the NYSE or US Bonds?

[broken_legs]

Originally posted by liquid1010
Nat. Gas is at a three year low.... so I'm not sure about that. I'm in a NG play right now, and I'm going to hold-on. I might wait a bit before jumping onto the bandwagon more heavily.

Anyone involved in the NYSE or US Bonds?

Natural gas will start to rise as more of the oil sands projects start to come online. NG is used to cook the oil out of the dirt.

on the other side of the coin they might be building a nuclear power plant up there to power the oil sands projects and NG could stay low.... But i doubt thats going to happen for a long time

[liquid1010]

I didn't know that Broken, thanks for the info.

I'm thinking with the lows we are seeing now, it might be a good time to buy back in. With that said.... I'll probably wait until I see the 10day MA start to pull back just a bit.

Any thoughts on coal?

[RX_EVOLV]

Do you guys think the correction is almost over?? or still a way to go in Oct?

[djayz]

i think a week into october things will start to pick up again
september is like may now people sell and go away for the month and since they broadcast it everywhere that september is a bad month more people sell causing things to go down even harder

personally i didnt sell anything instead i bought things ive been waiting to buy all year and if a few stocks go down even lower ill be happy to pick up some more.

[Z_Fan]

I'm thinking about getting some PLE. Seems cheap. Wonder how far it will fall.

[snoop101]

Theres going to be a huge NR on Skeena coming up in the next few days here.

[snoop101]

New website up for skeena...

www.skeenaresources.com (http://www.skeenaresources.com)

[liquid1010]

GCE up 6% today.

GNY flattened out just above $4.5, and will come back.

[liquid1010]

GCE up 16% today :banghead: :banghead:

I was waiting on this as I didn't think it would move today. I regret that for sure.

[wtb]

dammit, both SKE and PLE in the red today, nooooeees

[benyl]

fuck, I thought that PLE was going to tank. Sold out to stop my losses... now it is up! fawk. I hate PLE.

[liquid1010]

I think PLE is something I wouldn't go anywhere near anymore. That whole thing scares me; but maybe i'm just risk-advserse.

Other than the usual SKE & PLE... what are others here looking at?

[RX_EVOLV]

I picked up some more PLE shares this morning at $0.61... but still a far cry from my Avg cost.

Other stock im following is OYM, GOZ, FO...

[RX_EVOLV]

wow just made a quick calculation, the difference between 0.61 and 0.71 (closing price) for PLE is like 18% difference!! now thats volatile. whoever put money into PLE better be money they can afford to lose eh

[Z_Fan]

You got that right. PLE...equals something fishy IMO. I'm still very very cautious about that one. I betcha they will never even drill their sites... :poosie:

[liquid1010]

Looks like most people here are involved in all the mineral plays. Risky stuff right there...

[spyce]

Originally posted by Z_Fan
You got that right. PLE...equals something fishy IMO. I'm still very very cautious about that one. I betcha they will never even drill their sites... :poosie:

I never know when to buy in. But then again..I always end up missing out on good opportunities as it usually bounces back up a decent amount too
Maybe Ill just never buy in to the PLE craze lol :dunno:

[broken_legs]

Originally posted by benyl
fuck, I thought that PLE was going to tank. Sold out to stop my losses... now it is up! fawk. I hate PLE.

I got out at 0.64 and was happy to see it go down to 0.61

but then I started to cry as it went up to 0.7+

fawk! I knew i Should have sold at 1.20!!!!!!

:banghead:


Anybody here folowwing Copper Fox (CUU)?

I like the story behind the company - The geo has launched three succesful mines previous, There were other big companies looking at developing the same ares, huge copper resource etc.. I listened to the Guillermo on Kitco and he said that the mine would still be profitable at 0.85/pld copper...

[troyl]

Fairquest Announces Nisku Discovery at Brazeau

CALGARY, ALBERTA, Sep 27, 2006 (CCNMatthews via COMTEX News Network) --
Fairquest Energy Limited (TSX:FQE) ("Fairquest") is pleased to announce the discovery of natural gas and condensate in a Nisku well at Brazeau 14-08-45-13W5 in west central Alberta. Fairquest is the operator and has a 23 percent working interest in the well along with its partners Burmis Energy Inc., Fairborne Energy Trust and a private oil and gas company. This well was drilled to a total depth of 3,633 meters with a planned partial penetration of the upper portion of a Nisku reef to allow for an open-hole completion. The open-hole portion of the well encountered 8 meters of porous Nisku reef from 3,625 to 3,633 m. Log and sample characteristics of this interval indicate excellent reservoir rock and gas pay over the entire interval.

The initial open-hole flow test produced at restricted rates ranging from 3 mmcf/d to 5.2 mmcf/d on a four hour clean-up with an H2S concentration of approximately 13 percent. Without any stimulation, the well was then flow tested for six days at a restricted rate of 3.3 mmcf/d and approximately 85 barrels of condensate per day. Average flowing wellhead pressure during the test was 3,800 psig, which is a draw down of approximately two percent.

Fairquest plans to equip and tie-in this well into its existing sour gas gathering and processing facilities in the Brazeau area. It is expected that this well will be brought on production late in the fourth quarter of 2006 at an initial rate of approximately 3.5 mmcf/d (3.0 mmcf/d sales) and 90 barrels of condensate per day (136 BOE per day net to Fairquest).

At this time, Fairquest has eight additional exploration prospects targeting the Nisku in the Brazeau area.

Forward Looking Statements: Certain information regarding Fairquest Energy Limited (the "Company") in this press release including management's assessment of future plans and operations, completion and tie-in of the new well and the timing thereof, facilities to be constructed and the timing of completion thereof, anticipated initial production rate of the new well and the timing of production and additional exploration prospects may constitute forward looking statements under applicable securities laws and necessarily involve risks including, without limitation, risks associated with oil and gas exploration, development, exploitation, production, marketing and transportation, loss of markets, volatility of commodity prices, currency fluctuation, imprecision of reserve estimates, environmental risks, economic changes, the effects of weather, competition from other producers, inability to retain drilling rigs and other services, the timing and length of plant turnarounds and the impact of such turnarounds and the timing thereof, delays resulting from or inability to obtain required regulatory approvals and ability to access sufficient capital from internal and external sources. As a consequence, the Company's actual results, performance or achievements could differ materially from those expressed in, or implied by, the forward looking statements and, accordingly no assurance can be given that any events anticipated by the forward looking statements will transpire or occur, or, if any of them do so, what benefits the Company will derive therefrom. Readers are cautioned that the foregoing list of factors is not exhaustive. Additional information on these and other factors that could affect the Company's operations and financial results are included in reports on file with Canadian securities regulatory authorities and may be accessed through the SEDAR website (www.sedar.com), or at the Company's website (www.fairquestenergy.com). Furthermore, the forward looking statements contained in this news release are made as at the date of this news release and the Company does not undertake any obligation to update publicly or to revise any of the included forward looking statements, whether as a result of new information, future events or otherwise, except as may be required by applicable securities laws.

BOE Disclosure: Disclosure provided herein in respect of barrels of oil equivalent (BOE) may be misleading, particularly if used in isolation. A BOE conversion ratio of 6 Mcf: 1 Bbl is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead.

SOURCE: Fairquest Energy Limited

Fairquest Energy LimitedRichard A. WallsPresident and Chief Executive Officer(403) 290-7754(403) 290-3216 (FAX)Email: [email protected] Energy LimitedRobert A. MaitlandVice President, Finance and Chief Financial Officer(403) 290-7755(403) 290-3216 (FAX)Email: [email protected]: www.fairquest.com
Copyright (C) 2006 CCNMatthews. All rights reserved.

[troyl]

:clap: Lets go BME!!

[modded46]

I don't know what is going on right now in the market.. Jesus.. Oil looks like a bouncing ball.. Housing sales are down in the states then they "unexpectingly" go up 4% in Aug.. Gold & Silver seems to be recovering.. (Christmas coming up) Technology.. Well don't get me started there.. ORCL has been on fire.. Health & Pharm are all over the map..

HEY at least I didn't bet on the price of Natural Gas and loose 5 billion. :)

[liquid1010]

All the NG and Oil companies i'm watching have been getting hammered. Even the coal companies are taking a bath.

[liquid1010]

What's a good site with up-to-date info on things like Gold, Silver & Natural Gas prices?

[ramminghard]

Originally posted by troyl
Fairquest Announces Nisku Discovery at Brazeau

CALGARY, ALBERTA, Sep 27, 2006 (CCNMatthews via COMTEX News Network) --
Fairquest Energy Limited (TSX:FQE) ("Fairquest") is pleased to announce the discovery of natural gas and condensate in a Nisku well at Brazeau 14-08-45-13W5 in west central Alberta. Fairquest is the operator and has a 23 percent working interest in the well along with its partners Burmis Energy Inc., Fairborne Energy Trust and a private oil and gas company. This well was drilled to a total depth of 3,633 meters with a planned partial penetration of the upper portion of a Nisku reef to allow for an open-hole completion. The open-hole portion of the well encountered 8 meters of porous Nisku reef from 3,625 to 3,633 m. Log and sample characteristics of this interval indicate excellent reservoir rock and gas pay over the entire interval.

The initial open-hole flow test produced at restricted rates ranging from 3 mmcf/d to 5.2 mmcf/d on a four hour clean-up with an H2S concentration of approximately 13 percent. Without any stimulation, the well was then flow tested for six days at a restricted rate of 3.3 mmcf/d and approximately 85 barrels of condensate per day. Average flowing wellhead pressure during the test was 3,800 psig, which is a draw down of approximately two percent.

Fairquest plans to equip and tie-in this well into its existing sour gas gathering and processing facilities in the Brazeau area. It is expected that this well will be brought on production late in the fourth quarter of 2006 at an initial rate of approximately 3.5 mmcf/d (3.0 mmcf/d sales) and 90 barrels of condensate per day (136 BOE per day net to Fairquest).

At this time, Fairquest has eight additional exploration prospects targeting the Nisku in the Brazeau area.

Forward Looking Statements: Certain information regarding Fairquest Energy Limited (the "Company") in this press release including management's assessment of future plans and operations, completion and tie-in of the new well and the timing thereof, facilities to be constructed and the timing of completion thereof, anticipated initial production rate of the new well and the timing of production and additional exploration prospects may constitute forward looking statements under applicable securities laws and necessarily involve risks including, without limitation, risks associated with oil and gas exploration, development, exploitation, production, marketing and transportation, loss of markets, volatility of commodity prices, currency fluctuation, imprecision of reserve estimates, environmental risks, economic changes, the effects of weather, competition from other producers, inability to retain drilling rigs and other services, the timing and length of plant turnarounds and the impact of such turnarounds and the timing thereof, delays resulting from or inability to obtain required regulatory approvals and ability to access sufficient capital from internal and external sources. As a consequence, the Company's actual results, performance or achievements could differ materially from those expressed in, or implied by, the forward looking statements and, accordingly no assurance can be given that any events anticipated by the forward looking statements will transpire or occur, or, if any of them do so, what benefits the Company will derive therefrom. Readers are cautioned that the foregoing list of factors is not exhaustive. Additional information on these and other factors that could affect the Company's operations and financial results are included in reports on file with Canadian securities regulatory authorities and may be accessed through the SEDAR website (www.sedar.com), or at the Company's website (www.fairquestenergy.com). Furthermore, the forward looking statements contained in this news release are made as at the date of this news release and the Company does not undertake any obligation to update publicly or to revise any of the included forward looking statements, whether as a result of new information, future events or otherwise, except as may be required by applicable securities laws.

BOE Disclosure: Disclosure provided herein in respect of barrels of oil equivalent (BOE) may be misleading, particularly if used in isolation. A BOE conversion ratio of 6 Mcf: 1 Bbl is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead.

SOURCE: Fairquest Energy Limited

Fairquest Energy LimitedRichard A. WallsPresident and Chief Executive Officer(403) 290-7754(403) 290-3216 (FAX)Email: [email protected] Energy LimitedRobert A. MaitlandVice President, Finance and Chief Financial Officer(403) 290-7755(403) 290-3216 (FAX)Email: [email protected]: www.fairquest.com
Copyright (C) 2006 CCNMatthews. All rights reserved.

Fairquest has a lot of potential. I have had some fairborne for a long time and it has done well.

[davidI]

Originally posted by liquid1010
All the NG and Oil companies i'm watching have been getting hammered. Even the coal companies are taking a bath.

At least you're just watching!

I've taken a pretty bad hit the last couple weeks. I think I'm going to load up on more energy stocks though. Natural gas heavy companies may be a good bet. Gas is trading at a low multiple to Oil still (rule of thumb is 1:6) and a cold winter in the short term should drive up prices. In the medium to long-term one can hope that NG prices will increase as Oil Sands production comes on. Never know though!

Anyone have thoughts for energy companies to watch? I own a lot of CBM, NXY & CBU and am looking at getting in FQE.

[djayz]

i hold xeg which has really been hammered as of late
tet.un which is a trust...nice fat dividend at a bargain right now
thy.un is another one with a nice big dividend but there are some questions as to if they can continue paying out so much. But if they continue too and NG gets going again these both can pay nicely. Im waiting cuz i get paid to wait hah.

other than that i sold all my energy funds before oil started its downward slope...might buy into td energy again but we will see. Id rather put my money into uranium.

[Mckenzie]

^ Yeah I agree. Uranium is gonna be huge in the next few years. Some analysts are even saying it could be bigger than the oil and gold bull markets and this is just the ground floor.

My top pick is ASX followed by URA. There should be some very sigificant news in the next few months for both companies. I think ASX is a sleeper that is just waiting to take off. Tons of cash, just finished a huge drilling program, gonna drill next year even deeper, owns past producing uranium properties in Cold Lake.... next olympic dam or cameco? Maybe....should be interesting to watch this one.

URA is purchasing up past producing properties in the 4 corners region of the US which is very friendly to uranium production. Some of their claims are also in close proximity to a uranium mill, which gives the impression that they want to start mining. These mines were shut down when uranium tanked in the 80's. Look for news on maybe a JV or other avenue to start some drilling and getting these babies up and running.

Others:

MM

EFR

CXX

Get on the uranium bull now before the train leaves!

Many new nuclear projects will be developed in the next 10 years and considering the supply of uranium, the price is projected to be over $70 by year end and possibly $100/lb next year.

[benyl]

so CSHD just doubled overnight!

Glad I only bought $1000 worth of shares... :banghead: :banghead:

[liquid1010]

I agree that Uranium will be a good play moving forward; and I'll look into those companies you mentioned Mckenzie.

Currently I own holdings in only two companies, one a NG (GNY) play, the other a Coal play (GCE) (just jumped in yesterday).

I definitely want to get into Gold and Uranium, as both have very significant chances of being bullish over the next year.

[Red@8]

Originally posted by liquid1010
What's a good site with up-to-date info on things like Gold, Silver & Natural Gas prices?


www.kitco.com
www.kitco.com/market
http://www.bloomberg.com/markets/commodities/cfutures.html

[Red@8]

My NG plays are doing super today. Check FAB.

[89coupe]

During this fall I'm switching my focus from energy to pharmaceuticals.

[Altezza]

Originally posted by Mckenzie


My top pick is ASX followed by URA.

I've held both of those for quite some time now :thumbsup: Surprised to see someone else mention them!

[benyl]

CSHD

Conversion Solutions Holdings Corp (CSHD) US

Just hit $3.10

Trippled my money already.

People are saying it will hit $40.

[ICED_OUT_RSX]

Anyone ever look at Storm Cat Energy Cooporation (SME)
on the tsx
just wondering if anyone could take a look and see what they think, it has hit the hay hard last few weeks and it looks to me like its on the way back up any second opinions. New releases looks good just want to get another opinion.

Hey Benyl Just wondering if its a good idea to get into CSHD at this point they have a nice drive goin today WOW

[troyl]

Originally posted by benyl
CSHD

Conversion Solutions Holdings Corp (CSHD) US

Just hit $3.10

Trippled my money already.

People are saying it will hit $40.

Nice pick! Do you play the penny stocks much?

[benyl]

I didn't make the pick, someone else I know did. I did share it a couple of weeks ago asking if anyone knew anything about it.

Hard to say what it will do. Many many day traders are in it. Also, there are supposed to be a tonne of people shorting it.

I think it will hit $5 tomorrow.

[moeman]

PLEXMAR ACQUIRES ESCONDIDA PROJECT, ECUADOR
SAINTE-FOY, September 28, 2006. Plexmar Resources Inc. (TSX-V:PLE) is pleased to announce that a final letter of intent has been signed with the owner of the Escondida project in Ecuador to acquire 100% of the mining rights to these properties.

The Escondida project represents one of the largest land positions in the Cordillera del Condor near Aurelian Resources’ Fruta del Norte gold discovery. The project covers 84,110 hectares (841.1 km2) and borders Aurelian’s large land package on the western flank and north of Corriente Resources claims. Fruta del Norte is believed to be the most significant gold discovery made by a junior miner in over a decade. Corriente is planning to produce annually 250 million lbs. of copper starting in 2008.

During its due diligence process on the Escondida concessions, Plexmar took 44 samples, 12 returned anomalous values of gold and the best values were: 14.2 g/t, 38.4 g/t, 91.4 g/t and 396.0 g/t Au confirming the high potential of the area. The samples are located on the Escondida II concession adjacent to Aurelian’s ground and approximately 8 kilometers northwest of Fruta del Norte.

According to Plexmar president Guy Bédard, “With this agreement, Plexmar becomes a major player in the Cordillera del Condor area by controlling the most prospective land package near Aurelian’s world class discovery. Plexmar is also teaming up with a successful private mining company with over 25 years experience in Ecuador. An aggressive geological mapping and geochemistry program will be starting next week for the purpose of delineating drill targets as soon as possible.”

The terms of the letter of intent are as follows:

· Plexmar acquires a 100% interest in the properties in return for cash payments totaling US$2.0M over a 24-month period following the signature of the final contract and the issuance of shares. Every 3 months payments will be issued totaling US$1.35M in the first year and US$650k the second year. Payments totaling US$200k have already been made. 6M shares will be issued to the owner, 2M on signature of the final contract, 2M after 6 months and 2M after 12 months.

· Plexmar is required to assign a 60% interest to a public vehicle of its choice (New Company). Plexmar will sign an option agreement with the New Company whereby the New Company will issue all cash payments due by Plexmar to the owner, issue a significant number of shares to Plexmar, and commit to a 3-year exploration work program.

· The New Company is required to issue to the owner 20% of its outstanding shares before a public financing and 10% in warrants. The owner will also be given a seat on the New Company’s Board of Directors.

· A 2.5% NSR will be awarded to the owner with a right of first refusal assigned jointly to Plexmar and the New Company.

· A final purchase contract will be signed shortly and subject to the approval of the regulatory authorities.

According to Guy Bédard, “This is an excellent deal for Plexmar for it will greatly limit share dilution, maintain funds for Bolsa del Diablo, receive significant shares in the New Company, and acquire a carried 40% interest in the project for the next 3 years.’’

[Shaolin]

about 90% of my stop losses triggered last week, now I don't know what to do since I'm sitting on money and have nothing to pick.. I'm thinkin about that Uranium play.

[snoop101]

Im into PLE and SKE which have been getting great news. Looks like christmas is coming early this year. Good thing since im going to Vegas for a week and will spend lotsa money.

[wtb]

^ yeah, hopefully they both skyrocket


anyone have predictions for PLE opening tomorrow???
im thinking maybe .90 - .95

and i dunno about that SKEENA NR, i dont think it will come tomorrow even though they said there will be NR before september ends, maybe monday

[modded46]

Originally posted by liquid1010
What's a good site with up-to-date info on things like Gold, Silver & Natural Gas prices?

nymex.com - get it right from the source.

[RX_EVOLV]

why would PLE open high tomorrow? that NR was released before the market closed and the market already reacted

[Canmorite]

Originally posted by RX_EVOLV
why would PLE open high tomorrow? that NR was released before the market closed and the market already reacted

After hours insider buying? Who knows...

[Rav4Guy]

the markets are closed... the people determine the market price.. not insiders..

[Red@8]

Originally posted by wtb
^ yeah, hopefully they both skyrocket


anyone have predictions for PLE opening tomorrow???
im thinking maybe .90 - .95

and i dunno about that SKEENA NR, i dont think it will come tomorrow even though they said there will be NR before september ends, maybe monday

The skeena NR is delayed til monday or tuesday at the latest

[93mr2gt]

anyone have UTS or looked at it? its only 3.83 a share now...should be a good pick up for longer term

[djayz]

^
i know ill be adding to my position when uts goes back down to around 3.50
i just hope everything goes as planned.

[liquid1010]

What are the plans for UTE... someone fill me in with some background on the Co.

[Rav4Guy]

have you seen the chart on UTS? It's dropping like a loonie down those charity roller bins where it swirls all the way down to the middle... and then.. kathunk!

[Mckenzie]

Poor Ormonte today. ORR.V

Glad I did not buy that one.

[89coupe]

Go ROL.A :thumbsup:

http://www.acumencapitalresearch.com/pdfs/3522328206.pdf

Better start buying..hehe

[wtb]

wow skeena current at .97

if it opens anything less than $1.10 tomororw ill be surprised

[snoop101]

Told ya it will be good for skeena coming up. :thumbsup:

[benyl]

Originally posted by 89coupe
Go ROL.A :thumbsup:

http://www.acumencapitalresearch.com/pdfs/3522328206.pdf

Better start buying..hehe

I bought a bunch at $0.70... haha, and I have held on.

[Canmorite]

Originally posted by Rav4Guy
the markets are closed... the people determine the market price.. not insiders..

After hours markets exist.

[Canmorite]

Originally posted by wtb
wow skeena current at .97

if it opens anything less than $1.10 tomororw ill be surprised

Prepare to be suprised.

Most stocks on the TSX & Venture will be hit by profit taking and selling. TSX Lost 260 points today, Venture doesn't look strong either.

[Mckenzie]

It was a bloody massacre today....red everywhere. I hope the end of this month will bring a bottom and a bit of a turn around. :dunno:

[djayz]

september is usually when things bottom out...this time its carrying forward into october and if we dont see a cold ass december things will go through december the same too.

[Mckenzie]

^ Well its only 3 days into October so I think we have some time still.

BTW Uranium keeps creeping up. Still very long on my uranium picks ASX and URA.... very cheap right now! (and dont have any more cash to buy more)

I think I am gonna just shut off my computer until the end of the month....sick of watching every minute of the market and seeing it bleed.

[djayz]

yah uranium is long term for me as well but my energy and gold/silver stocks are all going in the shitter and not to mention spx is dragging down my whole portfolio.

i just hope oil goes up in the december months so i can sell off the remainder of my energy holdings and put more into uranium.
my tops picks for uranium are den and ptu which ive been holding since i opened my trading account.

[troyl]

Nice to hear something from ptu today! Looks good djayz!


Purepoint Uranium Group Inc: Q3 Exploration Update

TORONTO, ONTARIO, Oct 04, 2006 (MARKET WIRE via COMTEX News Network) --
Purepoint Uranium Group Inc. (TSX VENTURE: PTU) released today its quarterly exploration update outlining the continuing advancement of their seven 100% owned uranium projects in Canada's Athabasca Basin.

Highlights:

- Summer drilling and field work were concluded last week on drill targets located within the southern portion of the Turnor Lake project;

- The successful summer season was comprised of approximately 3,400 metres of diamond drilling over 17 holes, with assay results expected in late October;

- Boulder and till sampling will continue into October at the Long Lake region of the Red Willow project;

- The Long Lake Radioactive Boulder Train was extended significantly during the summer program and has developed into yet another highly prospective and shallow drill target at Red Willow;

- The interpretation of over 2,000 line kilometres of airborne EM and magnetic surveys performed this summer over both the Fire Eye and William River projects are expected in October. Preliminary interpretations have identified numerous areas of obvious interest and fill-in airborne surveys to enhance these geophysical targets have been commissioned and are expected to commence immediately;

- By the end of the year, Purepoint will have invested in 2006 more than $5.5 million in the advancement of its Athabasca properties. During the remainder of this year, efforts will focus on delineating additional drill targets for the coming winter season through advanced airborne surveys at the William River, South Newnham and Red Willow projects and ground geophysics at the Fire Eye and Turnor Lake projects.

The complete Exploration Update can be obtained at www.purepoint.ca/investors.

"We are extremely pleased with our progress this summer as we continue to work to refine our 250,000 hectares of historically significant uranium properties into the Basin's largest inventory of well defined and advancing drill targets," said Scott Frostad, Vice President, Exploration. "Over the coming weeks we look forward to sharing the results of these initial efforts as assays and interpretations become available."

Purepoint Uranium Group Inc. is focused on the precision exploration of seven 100% owned uranium projects in the Canadian Athabasca Basin. Established in the Basin well before the resurgence in uranium, Purepoint is actively advancing some of the hottest drill targets in the world's richest uranium region.

THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Contacts: Purepoint Uranium Group Inc. Chris Frostad President and CEO (416) 603-8368 Website: www.purepoint.ca

SOURCE: Purepoint Uranium Group Inc.

http://www.purepoint.ca

Copyright 2006 Market Wire, All rights reserved.

[Canmorite]

Toronto stocks are not doing well, all the money is going back to tech.

[wtb]

DAMN U SKE, where is that promised NR