Home Site Map

 
Go Back   Kitco Forums > The Markets > Precious Metals Mining Stocks Discussion group
Register FAQ Members List Calendar Search Today's Posts Mark Forums Read

Reply
 
Thread Tools Display Modes
  #681  
Old 05-04-2008, 07:10 PM
Sulla's Avatar
Sulla Sulla is offline
Member
 
Join Date: Oct 2006
Posts: 4,202
Default

Voters in Bolivia's richest province, Santa Cruz, are reported to have supported proposals for greater autonomy in an unofficial referendum.

Exit polls for local TV stations suggest that more than 80% backed giving the region more control over its resources, and creating a police force.

The authorities in La Paz have declared the vote illegal, and say they will ignore the results.

Isolated outbreaks of violence marred the poll.

Many in Santa Cruz are critical of left-wing President Evo Morales.

http://news.bbc.co.uk/2/hi/americas/7382538.stm
Reply With Quote
  #682  
Old 05-05-2008, 05:31 PM
Faramir Faramir is offline
Member
 
Join Date: Mar 2007
Posts: 371
Default

Greater than average volume on IMG.TO and IAG today. Down on huge upleg in gold and gold stocks. Someone was selling the hell out of IMG today on no news (other than neautral news about a union contract). Too bad yahoo doesn't show insider transactions on this stock.
Reply With Quote
  #683  
Old 05-08-2008, 01:42 PM
Bruce7Trader Bruce7Trader is offline
Banned Full
 
Join Date: Oct 2006
Posts: 7,303
Smile News and volume

Quote:
Originally Posted by Faramir View Post
Greater than average volume on IMG.TO and IAG today. Down on huge upleg in gold and gold stocks. Someone was selling the hell out of IMG today on no news (other than neautral news about a union contract). Too bad yahoo doesn't show insider transactions on this stock.
IAMGOLD to Receive in Excess of $48 Million From Sale of La Arena
12:56 EDT Thursday, May 08, 2008


TORONTO, ONTARIO--(Marketwire - May 8, 2008) - IAMGOLD Corporation ("IAMGOLD" or "the Company") (TSX:IMG)(NYSE:IAG)(BOTSWANA:IAMGOLD) announced today it has entered into an agreement for the sale of its Peruvian development copper / gold project, La Arena, to Rio Alto Mining Limited ("Rio Alto") for US$47.55 million in cash and a 5.5% interest in Rio Alto. This transaction is expected to close in the coming months.

"The sale of La Arena is part of the rationalization of IAMGOLD's non-core assets and we believe that Rio Alto will be successful in advancing the project to production," stated Joseph Conway, President & CEO. "The 5.5% ownership interest acquired as part of this transaction will provide IAMGOLD the opportunity to participate in the future success of La Arena. The proceeds from this transaction will build on the existing financial strength of IAMGOLD and will facilitate future growth and our goal to double gold production over the next five years."

La Arena is a copper/gold porphyry deposit located in the district of Huamachuco in northern Peru. The internal pre-feasibility study on this development project was completed in November 2006. The project contains measured and indicated resources of 1.1 billion pounds of copper and 2.0 million ounces of gold.

Rio Alto was the successful bidder in a sale process initiated in 2007. Rio Alto has engaged an investment bank to secure financing for the purchase and development of the project.

IAMGOLD remains focused on optimizing its existing core mine operations, exploration and development opportunities and strategically growing the company to enhance shareholder value.


Bruce970gold

Could we have turned the corner? Volume looks better the last few weeks. Good news before earnings say the earnings will show the real value of IMG! We have seen bad news before earnings and this often means bad earning but the message i have from the news is earnings will show very well. Production looking good out of Rosebel.
Reply With Quote
  #684  
Old 05-08-2008, 01:50 PM
Faramir Faramir is offline
Member
 
Join Date: Mar 2007
Posts: 371
Default

Thank God they are out of Peru.
Reply With Quote
  #685  
Old 05-08-2008, 01:52 PM
Sulla's Avatar
Sulla Sulla is offline
Member
 
Join Date: Oct 2006
Posts: 4,202
Default

Hey Bruce7 is here. yayyyyyyyyyyyy

Did you make out like a bandito on GRS yesterday? Good for you Bruce
Reply With Quote
  #686  
Old 05-08-2008, 01:54 PM
Bruce7Trader Bruce7Trader is offline
Banned Full
 
Join Date: Oct 2006
Posts: 7,303
Smile Have you seen Pigscanfly?

Quote:
Originally Posted by Faramir View Post
Thank God they are out of Peru.
It's been a long long wait. We have volume my friend!!! This company has needed lots of prayer overr the last months as the market did'nt like the situation IMG was in. Things can continue to unfold now in this miner. I still like to have a invetment in Ecuador as mining future is going to be huge and Ecuador will be one place to do business! One of the big future mining areas of the world.

Bruce970gold
Reply With Quote
  #687  
Old 05-08-2008, 03:35 PM
Faramir Faramir is offline
Member
 
Join Date: Mar 2007
Posts: 371
Default

Quote:
Originally Posted by Bruce7Trader View Post
It's been a long long wait. We have volume my friend!!! This company has needed lots of prayer overr the last months as the market did'nt like the situation IMG was in. Things can continue to unfold now in this miner. I still like to have a invetment in Ecuador as mining future is going to be huge and Ecuador will be one place to do business! One of the big future mining areas of the world.

Bruce970gold
Ecaudor - are you serious? Aren't they an official member of the Chavez socialist club now, along with Bolivia?
Reply With Quote
  #688  
Old 05-08-2008, 03:41 PM
Salmon Salmon is offline
Member
 
Join Date: Feb 2008
Posts: 47
Default

Wow, Bruce. Ecuador. Just wow. Ever heard of a company called Aurelian?
Reply With Quote
  #689  
Old 05-08-2008, 05:33 PM
Bruce7Trader Bruce7Trader is offline
Banned Full
 
Join Date: Oct 2006
Posts: 7,303
Smile Full exposure

Quote:
Originally Posted by Salmon View Post
Wow, Bruce. Ecuador. Just wow. Ever heard of a company called Aurelian?
Fully exposed why i like IMG best of both worlds.

Bruce970gold
Reply With Quote
  #690  
Old 05-12-2008, 12:27 PM
Bruce7Trader Bruce7Trader is offline
Banned Full
 
Join Date: Oct 2006
Posts: 7,303
Smile IMG day Chart take a look!

TORONTO, ONTARIO--(Marketwire - April 30, 2008) - IAMGOLD Corporation ("IAMGOLD" or "the Company") (TSX:IMG)(NYSE:IAG)(BOTSWANA:IAMGOLD) will release first quarter financial results before the market opens on Tuesday, May 13, 2008.

A conference call will be held on Tuesday, May 13, 2008 at 11:00 a.m. (local time) to discuss these results. A webcast of the conference call will be available through the Company's website - www.iamgold.com.



Bruce970gold
Reply With Quote
Reply


Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off


All times are GMT -4. The time now is 03:27 PM.


Copyright@ 2007 Kitco Inc.