The troll is under the bridge again. Take your medication. You'll feel better in the morning. In fact, we'll all feel better in the morning.
TORONTO, ONTARIO--(Marketwired - April 22, 2015) - Adriana Resources Inc.(ANARF) ("Adriana" or the "Company") - is pleased to announce that it has completed a Feasibility Study ("FS") on the Lac Otelnuk Iron Ore Project ("LOM Project") located in Nunavik, Quebec. Lac Otelnuk Mining Ltd. ("LOM") is a joint venture company between Adriana and WISCO International Resources Development & Investment Limited ("WISCO"), of which Adriana owns 40% and WISCO owns 60%.
A Feasibility Study ("FS") with AACE Class 3 estimates (targeted accuracy +/- 15%) for the LOM Project designed for a 50 million tonnes per year (Mtpy) operation considering a 30 year mine life has been completed by SNC Lavalin Inc. The results of the study have concluded that, with 50 Mtpy of high quality product developed in two phases, the LOM Project is technically feasible with positive financial results, based on the selected process technologies, product transportation method, power supply concept, water and tailings management system, the long term iron ore price forecasts developed by SNL Metals and Mining and the applicable tax regimes. LOM has engaged Met-Chem Canada Inc., ("Met- Chem") Montreal, Quebec, to compile a Technical Report in accordance with National Instrument 43-101 ("NI 43-101"), and it will be filed on SEDAR within 45 days after this news release.
Easy . . . market makers must make a market in the stock under NYSE rules. So, they sell for their own account and vice versa. Believe me, the thieves on Wall Street will then buy them back when the price is profitable for themselves. That's the way it works on the Street.
I think everybody ought to relax here a bit. We're going to go through a technical correction, big deal. It happens all the time in the market. Settle down. Does anyone think the U.S. isn't going to have to rebuild its infra-structure and falling down buildings? Not to speak of a national security resource. When the company turns around, it can always find more iron ore deposits around the world if need be. Relax a bit.
Also, CLF could initiate a buyback program off the NYSE in a private deal. I think that would be allowed under the rules.
Even if a board of directors authorizes the immediate launch of a buyback program, the rules covering the timing of purchases around major developments within the company may cause the CFO to delay implementing it. "We advise the company not to conduct a program at all if there is any material inside information that the company is aware of that has not been publicly disclosed," says Jayne M. Donegan, a corporate and securities-law attorney with Brown, Rudnick, Freed & Gesmer in Providence, Rhode Island. "For example, if the company is in merger negotiations or it knows the earnings but those earnings haven't been released, the company should not be out purchasing its stock."
Cliffs Natural Resources Inc.(CLF): The downside scenario for Cliffs
primarily hinges on liquidity, with liquidity sources currently exceeding uses
over the next 12 months, barring larger-than-expected cash outflows from the
ongoing restructuring of the company's Canadian subsidiary.
Under Standard & Poor's policies, only a Rating Committee can determine a
Credit Rating Action (including a Credit Rating change, affirmation or
withdrawal, Rating Outlook change, or CreditWatch action). This commentary and
its subject matter have not been the subject of Rating Committee action and
should not be interpreted as a change to, or affirmation of, a Credit Rating
or Rating Outlook.
Doesn't LPX sell IBTGF's fire-resistant boards?
It looks as though MUX has completed a nice long base, making a triple bottom. Technical indicators are flashing buy signals over the intermediate term. GLTA those long positions.
Sentiment: Strong Buy
Several institutional investors seem confident on Cliffs Natural Resources' future. Capital World Investors, the company's largest institutional investor at the end of 2014, recently disclosed increasing its stake by 21 percent to 14,387,028 shares.
Among hedge funds, D.E. Shaw is one of the most bullish.
After tripling its exposure to the company over the fourth quarter of 2014, the firm declared holding 4,056,096 shares, worth almost $29 million.
The trend is your friend. IBTGF is right on the trendline. It should bounce off that and resume an upward move. Yes, today was a bargain priced day because of the volume of shares someone wanted out and taking a profit. However, if history is any indication, with improving sales revenues and earnings, ITBGF should regain its momentum and go upward for bigger gains. IBTGF has a general tendency to go counter to the market. Here's hoping I'm correct on this.
Chart-wise it looks as though CLF has completed an intermediate term triple bottom from early Oct. to the present with the last test being lower than the first two tracings. If the charts are to be believed, this bodes well for a move up to the resistance level of 7, then 9.5 and back up towards 17. The tea leaves never lie. It all depends how you read them. Just don't drink the kool-aid.