Reasons why Uranium will move higher in the mid term:
1) Uranium had fallen to about $47 per a pound which reduces the incentive for compaines to keep producting uranium. Compaines such as Cameco, BHP Biliton, and Paladin Energy have cut back on production and expansion of mines.
2) India announced that it wants to increase its nuclear power generation capacity nearly 200% over the next 25 years.
3) China have 26 nuclear reactors under construction this year. China also announced it will increase their nuclear generation capacity 6x by 2020 to 80 gigawatts.
4) Russia have 10 reactors under construction this year and 14 more reactors in the planning stage.
According to the World Nuclear Association, there are more than 60 reactors under construction around the world and a total of 95 new reactors are expected within the next 10 years.
You are reminded that you are responsible for your own due diligence. We share in neither your profit nor your losses.
Tuesday, October 2, 2012
Tuesday, September 25, 2012
BCGold Corp. Announces 100% Ownership of High-Grade Engineer Gold Mine, Mill Purchase and Corporate Restructuring
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 25,
2012) - BCGold Corp. (or the "Company") (TSX
VENTURE:BCG)(PINKSHEETS:BCGOF) is pleased to announce that it has
vested its final 25% interest and has now acquired 100% ownership of the
Engineer Mine property from Engineer Mining Corp. ("EMC"). BCGold Corp. has
notified EMC that it has fulfilled all obligations under the option agreement
dated January 16, 2007, including all subsequent amendments.
Immediately following the acquisition, BCGold Corp.
entered into a letter agreement with EMC to purchase the following items,
subject to TSX Venture Exchange approval, for total consideration of $300,000
payable to EMC no later than May 15, 2013:
- the fully permitted 30-tonne-per-day gravity separation mill, a 931 Caterpillar crawler loader, a 10-tonne dump truck, and ancillary equipment at Engineer Mine
- the 30% Net Profits Interest Royalty on a high-grade gold shoot on the Double Decker Vein between mine levels five and eight
- the option to purchase the Engineer Mine property surface rights in three equal annual payments over a three-year period commencing April 16, 2016, at a fair market value of no more than $500,000 (this item is an amendment to a previous agreement with EMC)
"This agreement consolidates the Company's ownership
of mineral rights, royalties and infrastructure at the Engineer Mine property.
The Engineer Mine has excellent exploration upside and near-term production
potential, with more than 5,500 m of underground development to provide access
to seven high-grade gold veins and two potential bulk tonnage mineralized shear
zones," states Brian P. Fowler, P.Geo., President and CEO of BCGold Corp.
"Engineer Mine remains our primary focus and we are committed to maximizing
shareholder value by continuing to advance the property through sustainable and
deliberate exploration and development. We believe we can continue to
selectively bulk sample high-grade vein material and produce a marketable
gold-rich concentrate while we continue to explore for bulk tonnage, shear zone
gold deposits."
Common Share Consolidation
In order to obtain adequate financing to further
explore and develop the Company's projects, including the Engineer Mine
property, BCGold Corp.'s directors deem it necessary to consolidate the
Company's share capital. BCGold Corp. was unsuccessful in filling a $500,000
private placement (announced July 10, 2012) priced at the practical minimum
share price of $.05 per Unit in a prevailing weak venture capital market. The
Company's directors believe that locking up 100% ownership of the Engineer Mine
property, mill, and royalties makes for a compelling and financeable investment
opportunity, even more so when coupled with the tighter share structure (and
anticipated multiple in share price) that results from a consolidation of share
capital.
BCGold Corp. is convening an Extraordinary Meeting
on October 30th, 2012, at 11:00 am at its corporate office, where
shareholders will be asked by means of an Ordinary Resolution to approve a
Consolidation of the Company's issued and outstanding common shares at a ratio
of up to ten (10) to one (1).
If the Consolidation is approved, there will be more room for the share price to drop. Share holders will also reduces their chance of making 10x the amount that they were hoping to make. As of now, BCgold seems to on the downturn due to this announcement.
You are reminded that you are responsible for your own due diligence. We share in neither your profit nor your losses.
You are reminded that you are responsible for your own due diligence. We share in neither your profit nor your losses.
WND.V meeting is today! 10pm pacific time!
Yellow form for current management and the Green form for the dissident.
That meeting was set to be run by Michael Boyd, the chairman of Western Wind, until the British Columbia Supreme Court ordered an independent chairperson instead run the meeting.
Chairing the meeting will be securities lawyer Gordon Chambers of Cassels Brock Lawyers.
The problem seems to be that Mr. Boyd is not an independent director. In fact, he is not only chairman of the board, but an executive at Western Wind reporting to chief executive Jeffrey Ciachurski, who has been the point man fighting off Savitr. So on one hand, he is the chairman of the board that is supposed to oversee Mr. Ciachurski’s work. On the other hand, Mr. Ciachurski is his boss.
“While the appointment of an independent chair is not granted in the ordinary course, the Court held that the series of events in this case gives rise to a reasonable apprehension that the chairmanship of the Meeting by Mr. Boyd, who reports to Mr. Ciachurski, will not be conducted fairly,” Savitr said in a statement.
Western Wind said in a statement that “we welcome the appointment of an independent chairperson of the meeting as we are committed to an open and fair meeting.”
The result, no matter who wins, is likely to be a sale of Western Wind. Both sides say they want to sell the company; the fight is simply over who is best placed to do it.
You are reminded that you are responsible for your own due diligence. We share in neither your profit nor your losses.
Western Wind’s chairman won’t be chairing big meeting
Friday, September 21, 2012
BOYD ERMAN
That meeting was set to be run by Michael Boyd, the chairman of Western Wind, until the British Columbia Supreme Court ordered an independent chairperson instead run the meeting.
Chairing the meeting will be securities lawyer Gordon Chambers of Cassels Brock Lawyers.
The problem seems to be that Mr. Boyd is not an independent director. In fact, he is not only chairman of the board, but an executive at Western Wind reporting to chief executive Jeffrey Ciachurski, who has been the point man fighting off Savitr. So on one hand, he is the chairman of the board that is supposed to oversee Mr. Ciachurski’s work. On the other hand, Mr. Ciachurski is his boss.
“While the appointment of an independent chair is not granted in the ordinary course, the Court held that the series of events in this case gives rise to a reasonable apprehension that the chairmanship of the Meeting by Mr. Boyd, who reports to Mr. Ciachurski, will not be conducted fairly,” Savitr said in a statement.
Western Wind said in a statement that “we welcome the appointment of an independent chairperson of the meeting as we are committed to an open and fair meeting.”
The result, no matter who wins, is likely to be a sale of Western Wind. Both sides say they want to sell the company; the fight is simply over who is best placed to do it.
You are reminded that you are responsible for your own due diligence. We share in neither your profit nor your losses.
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