TORONTO, Oct 3 (Reuters) - Thompson Creek Metals Co Inc said on
Wednesday that slumping demand has pushed it to cut about 100 jobs
at its namesake molybdenum mine in Idaho as it suspends stripping
for the mine to reduce costs, sending its shares down more than 6
percent.
The Denver-based miner said it is stopping stripping, the
process of removing overlaying earth, at Phase 8 of its Thompson
Creek mine to try to save $100 million in operating costs, plus up
to $9 million in capital costs, between now and 2014.
If stripping is not resumed before 2015, the mine will be
mothballed
Update on Proposed Merger of US Gold and Minera
Andes
Marketwire - Canada
TORONTO, ONTARIO--(Marketwire - Sept. 2, 2011) -
US Gold Corporation (NYSE:UXG)(TSX:UXG) and Minera Andes Inc.
(TSX:MAI)(OTCBB:MNEAF) are pleased to provide an update on the
proposed merger of US Gold and Minera Andes. Following the June 14,
2011 announcement of Rob McEwen's proposal to merge US Gold and
Minera Andes, each of the companies' boards of directors
established an independent special committee to consider the
proposed merger and each of the companies has been conducting due
diligence on the other. Each of the special committee of Minera
Andes and US Gold has retained independent financial advisors and
legal counsel and has been considering the transaction, with input
from those advisors.
Based upon the input of their independent financial advisors,
each special committee has directed its legal counsel to continue
due diligence and begin negotiation of binding transaction
agreements at a ratio of 0.45 of a US Gold common share for each
1.0 Minera Andes common share held. This is a change from the
exchange ratio of 0.40 of a US Gold common share for each 1.0
Minera Andes share originally proposed by Mr. McEwen. The board of
directors of each company has agreed in principle to the new
exchange ratio, subject to satisfactory completion of remaining due
diligence and negotiation of satisfactory binding transaction
agreements.
This is my first time posting, so hope it works. This is
done in Excel. Copy and Paste or enter the formulae beside
the buy and short (Red & Blue) . Enter the
200 SMA value in
Black.
GDX buy<
56.17235
57.85-(57.85*.029)
200SMA
<ENTER>
>
57.85
GDX
short>
59.52765
57.85+(57.85*.029)
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TORONTO, Oct 3 (Reuters) -
TC
Posted by owenw on 4th of Oct 2012 at 11:40 am
TORONTO, Oct 3 (Reuters) - Thompson Creek Metals Co Inc said on Wednesday that slumping demand has pushed it to cut about 100 jobs at its namesake molybdenum mine in Idaho as it suspends stripping for the mine to reduce costs, sending its shares down more than 6 percent.
The Denver-based miner said it is stopping stripping, the process of removing overlaying earth, at Phase 8 of its Thompson Creek mine to try to save $100 million in operating costs, plus up to $9 million in capital costs, between now and 2014.
If stripping is not resumed before 2015, the mine will be mothballed
Thanks very much, very useful,
How to view minute charts if you are not a stockcharts member.
Posted by owenw on 24th of Apr 2012 at 12:25 pm
Thanks very much, very useful, Owen
POT A'SMOKIIN
POT is smoking this morning
Posted by owenw on 16th of Mar 2012 at 10:23 am
Indicator
POT's current average score of 8 places it
among the top quartile of stocks scored.
AVERAGE
SCORE Peers
AGU 8
CF 7
MOS 6
MON 4
I read that there are
A ringing endorsement if ever there was one for trading off the charts........
Posted by owenw on 2nd of Mar 2012 at 04:05 pm
I read that there are a lot of insiders going short on newgold, may be the reason it's down.
Using today's prices: this would
UXG
Posted by owenw on 9th of Sep 2011 at 12:36 pm
Using today's prices: this would put UXG.to = 5.98 or MAI.to = 2.78
UXG & MAI MERGER
UXG
Posted by owenw on 9th of Sep 2011 at 12:23 pm
Marketwire - Canada
TORONTO, ONTARIO--(Marketwire - Sept. 2, 2011) - US Gold Corporation (NYSE:UXG)(TSX:UXG) and Minera Andes Inc. (TSX:MAI)(OTCBB:MNEAF) are pleased to provide an update on the proposed merger of US Gold and Minera Andes. Following the June 14, 2011 announcement of Rob McEwen's proposal to merge US Gold and Minera Andes, each of the companies' boards of directors established an independent special committee to consider the proposed merger and each of the companies has been conducting due diligence on the other. Each of the special committee of Minera Andes and US Gold has retained independent financial advisors and legal counsel and has been considering the transaction, with input from those advisors.
Based upon the input of their independent financial advisors, each special committee has directed its legal counsel to continue due diligence and begin negotiation of binding transaction agreements at a ratio of 0.45 of a US Gold common share for each 1.0 Minera Andes common share held. This is a change from the exchange ratio of 0.40 of a US Gold common share for each 1.0 Minera Andes share originally proposed by Mr. McEwen. The board of directors of each company has agreed in principle to the new exchange ratio, subject to satisfactory completion of remaining due diligence and negotiation of satisfactory binding transaction agreements.
GDX 2.9% limit entry from 200 SMA
GDX Swing System Alert - Update
Posted by owenw on 28th of Jul 2011 at 05:14 pm
This is my first time posting, so hope it works. This is done in Excel. Copy and Paste or enter the formulae beside the buy and short (Red & Blue) . Enter the 200 SMA value in Black.