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September 24th, 2011 at 03:21 pm
China XD Plastics Company Limited (NASDAQ:CXDC) announced that that management will present at the Oppenheimer & Co. 6th Annual Industrials Conference in New York City on Tuesday, September 27, 2011 at 10:00 AM Eastern Time. The presentation and the related slides will be available to all interested parties on the Investor Relations section of the Company's website at http://www.chinaxd.net.
Read the full article and disclaimer at: http://pennyomega.com/?p=17347
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September 24th, 2011 at 03:17 pm
Cleantech Transit Inc (CLNO)
Biomass is a renewable resource, and generating electricity and other energy products from biomass offsets consumption of fossil fuels. Biomass is typically waste material from another industry, such as logging or dairy operations, and converting it to energy not only reduces disposal, but also mitigates environmental impacts that these wastes can have on air, groundwater, and surface water quality.
Read the full article and disclaimer at: http://pennyomega.com/?p=17343
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September 24th, 2011 at 03:13 pm
Sealed Air Corporation (NYSE:SEE) announced that it intends to offer $1.5 billion aggregate principal amount of senior unsecured notes due 2019 (the "2019 Notes") and senior unsecured notes due 2021 (the "2021 Notes" and, together with the 2019 Notes, the "Notes"). We intend to use the net proceeds from the offering to finance a portion of the previously announced acquisition of Diversey Holdings, Inc. The Notes will be guaranteed by certain of our domestic subsidiaries.
Read the full article and disclaimer at: http://pennyomega.com/?p=17342
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September 23rd, 2011 at 02:54 pm
Adobe Systems Incorporated (Nasdaq:ADBE) reported financial results for its third quarter fiscal year 2011 ended Sept. 2, 2011. GAAP diluted earnings per share were $0.39. Non-GAAP diluted earnings per share were $0.55. GAAP operating income was $274 million. GAAP operating margin was 27.1 percent. Non-GAAP operating income was $366 million. Non-GAAP operating margin was 36.1 percent.
Read the full article and disclaimer at: http://pennyomega.com/?p=17314
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September 23rd, 2011 at 02:50 pm
Cleantech Transit Inc (CLNO)
Biofuels are important to our society due to the insatiable thirst for petrochemicals. Society as we know it will come to a screeching halt if the finite amount of fossil fuels on this planet are depleted. Without a reliable and massively produced alternative, this is a grim reality. Some alternatives to petrochemicals are solar energy; algae based crude oil, bio-diesel and ethanol made from corn and wind energy.
Read the full article and disclaimer at: http://pennyomega.com/?p=17315
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September 23rd, 2011 at 02:47 pm
The Madison Square Garden Company (Nasdaq:MSG) announced that some of the biggest names in New York food will be creating exclusive, world-class culinary options for The World's Most Famous Arena as part of its historic Transformation. Chefs Jean-Georges Vongerichten and Andrew Carmellini, restaurateur Drew Nieporent and Aquagrill's chef and owner Jeremy Marshall, will each create exclusive offerings as part of the new MSG Signature Collection. The MSG Signature Collection will debut in November and December, following the reopening of the Garden in late October, after extensive summer construction that represents the first phase of the three year Transformation project.
Read the full article and disclaimer at: http://pennyomega.com/?p=17316
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September 23rd, 2011 at 02:43 pm
SanDisk Corporation (NASDAQ:SNDK) introduced the SanDisk® Memory Vault, the first product in a new category of devices that are designed for long-term data preservation. SanDisk announced the device today as part of a comprehensive new suite of retail products. The SanDisk Memory Vault is a photo album for the digital age that allows consumers to preserve images in one reliable location. The device connects to a computer's USB port for easy drag-and-drop functionality and features a sleek, ruggedized, metallic design that looks great on any desktop and fits into any drawer.
Read the full article and disclaimer at: http://pennyomega.com/?p=17317
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September 23rd, 2011 at 02:40 pm
Enzo Biochem, Inc. (ENZ)
Enzo Biochem, Inc., is a growth-oriented integrated life sciences and biotechnology company focused on harnessing biological process to develop research tools, diagnostics and therapeutics, and serves as a provider of test services, including exotic tests, to the medical community. Since ENZ was founded in 1976, their strategic focus has been on the development of enabling technologies in the life sciences field.
Read the full article and disclaimer at: http://pennyomega.com/?p=17318
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September 23rd, 2011 at 02:35 pm
Crown Equity Holdings Inc., (CRWE)
Crown Equity Holdings Inc. offers internet media-driven advertising services, which covers and connects a range of marketing specialties, as well as search engine optimization for clients interested in online media awareness. Crown Equity Holdings Inc., together with its digital network, currently provides electronic media services specializing in online publishing, which brings together targeted audiences and advertisers.
Read the full article and disclaimer at: http://pennyomega.com/?p=17320
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September 23rd, 2011 at 02:30 pm
Alliance Resource Partners, L.P. (NASDAQ:ARLP) announced that it has entered into a transaction with White Oak Resources, LLC and related entities (collectively "WOR") to support the development of a longwall mining operation currently under construction near McLeansboro, in Hamilton County, Illinois. The transaction features several components, including a preferred equity investment, the acquisition and leaseback of reserves and surface rights, a coal handling and services agreement, and a backstop equipment financing facility.
Read the full article and disclaimer at: http://pennyomega.com/?p=17321
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September 23rd, 2011 at 02:25 pm
HP (NYSE:HPQ) announced that its board of directors has appointed Meg Whitman as president and chief executive officer.
In addition, Ray Lane has moved from non-executive chairman to executive chairman of the board of directors, and the board intends to appoint a lead independent director promptly. These leadership appointments are effective immediately and follow the decision that Léo Apotheker step down as president and chief executive officer and resign as a director of the company.
“We are fortunate to have someone of Meg Whitman’s caliber and experience step up to lead HP,” said Lane. “We are at a critical moment and we need renewed leadership to successfully implement our strategy and take advantage of the market opportunities ahead. Meg is a technology visionary with a proven track record of execution. She is a strong communicator who is customer focused with deep leadership capabilities. Furthermore, as a member of HP’s board of directors for the past eight months, Meg has a solid understanding of our products and markets.”
Whitman said, “I am honored and excited to lead HP. I believe HP matters – it matters to Silicon Valley, California, the country and the world.”
Speaking on behalf of the board, Lane said, “We very much appreciate Léo’s efforts and his service to HP since his appointment last year. The board believes that the job of the HP CEO now requires additional attributes to successfully execute on the company’s strategy. Meg Whitman has the right operational and communication skills and leadership abilities to deliver improved execution and financial performance.”
HP creates new possibilities for technology to have a meaningful impact on people, businesses, governments and society. The world’s largest technology company, HP brings together a portfolio that spans printing, personal computing, software, services and IT infrastructure at the convergence of the cloud and connectivity, creating seamless, secure, context-aware experiences for a connected world.
More information about HP is available at http://www.hp.com.
Read the full article and disclaimer at: http://pennyomega.com/?p=17322
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September 22nd, 2011 at 03:05 pm
Cleantech Transit Inc (CLNO)
Cleantech Transit Inc. was founded to capitalize on technology advances and manufacturing opportunities in the growing clean energy public transportation sector. Cleantech Transit Inc has expanded its focus to invest directly in specific green projects that could maximize shareholder value. Recognizing the many economic and operational advances of converting wood waste into renewable sources of energy, Cleantech Transit Inc. has selected to invest in Phoenix Energy (www.phoenixenergy.net).
Read the full article and disclaimer at: http://pennyomega.com/?p=17285
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September 22nd, 2011 at 03:00 pm
Johnson & Johnson (NYSE:JNJ) announced important progress made in the inaugural year of the Company's comprehensive effort designed to improve the health of as many as 120 million women and children each year in developing countries by 2015. Since its launch last September, Johnson & Johnson has laid a strong foundation for measurable impact in several areas toward Every Woman, Every Child, the United Nations' Global Strategy for Women's and Children's Health to reduce mortality in women and children by 2015, including: expanding health information for mothers over mobile phones, helping to increase the number of safe births, doubling donations of treatments for intestinal worms in children, helping to ensure that no child is born with HIV, and furthering research and development of new medicines for HIV and tuberculosis (TB).
Read the full article and disclaimer at: http://pennyomega.com/?p=17284
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September 22nd, 2011 at 02:54 pm
Global Hunter (GBLHF.PK)
The major portion of copper produced in the world is used by the electrical industries; most of the remainder is combined with other metals to form alloys. (It is also technologically important as an electroplated coating.) Important series of alloys in which copper is the chief constituent are brasses (copper and zinc), bronzes (copper and tin), and nickel silvers (copper, zinc, and nickel, no silver). There are many useful alloys of copper and nickel, including Monel; the two metals are completely miscible. Copper also forms an important series of alloys with aluminum, called aluminum bronzes.
Read the full article and disclaimer at: http://pennyomega.com/?p=17283
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September 22nd, 2011 at 02:48 pm
The Clorox Company (NYSE:CLX) declared a quarterly dividend of 60 cents per share on the company's common stock, payable Nov. 14, 2011, to stockholders of record on Oct. 26, 2011. "We remain committed to supporting our dividend and returning excess cash to stockholders," said Chairman and CEO Don Knauss. "We've increased total annual dividends paid to Clorox stockholders every year for the past 34 years. Over the past five years, we've doubled the dividend from $1.20 to $2.40 per share."
Read the full article and disclaimer at: http://pennyomega.com/?p=17282
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September 22nd, 2011 at 02:41 pm
Crown Equity Holdings Inc., (CRWE)
Crown Equity Holdings Inc. offers internet media-driven advertising services, which covers and connects a range of marketing specialties, as well as search engine optimization for clients interested in online media awareness. Crown Equity Holdings Inc., together with its digital network, currently provides electronic media services specializing in online publishing, which brings together targeted audiences and advertisers.
Read the full article and disclaimer at: http://pennyomega.com/?p=17281
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September 22nd, 2011 at 02:38 pm
Newmont Mining Corporation (NYSE:NEM) announced enhancements to its industry leading gold price-linked dividend policy, announced initially in April 2011. Under the enhanced policy, Newmont's annual dividend has the potential to increase to $4.70 per share if the Company's average realized gold price reaches $2,500 per ounce. The enhanced policy will continue to link the quarterly dividend rate to changes in the gold price but will also provide an additional step up of 7.5 cents per share when the Company's realized gold price for a quarter exceeds $1,700 per ounce and a further step up of 2.5 cents per share (10 cents in total compared to the existing policy) when the Company's realized gold price for a quarter exceeds $2,000. At average realized gold prices below $1,700 per ounce, the current dividend policy remains unchanged.
Read the full article and disclaimer at: http://pennyomega.com/?p=17280
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September 22nd, 2011 at 02:34 pm
Lockheed Martin Corporation (NYSE:LMT) announced that received a $49.9 million follow-on production contract from the Naval Surface Warfare Center for the Target Sight System (TSS), the fire control system for the U.S. Marine Corps' AH-1Z Cobra attack helicopter. The Naval Surface Warfare Center awarded the initial TSS production contract in March 2008, followed by a second production contract in June 2010. Lockheed Martin delivered the first TSS in June 2009, and recently began early delivery of low-rate initial production units. Production is expected to continue through 2018. TSS is produced at facilities in Ocala and Orlando, Fla.
Read the full article and disclaimer at: http://pennyomega.com/?p=17279
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September 22nd, 2011 at 02:30 pm
Crown Equity Holdings Inc., (CRWE)
Crown Equity Holdings Inc. offers internet media-driven advertising services, which covers and connects a range of marketing specialties, as well as search engine optimization for clients interested in online media awareness. Crown Equity Holdings Inc., together with its digital network, currently provides electronic media services specializing in online publishing, which brings together targeted audiences and advertisers.
Read the full article and disclaimer at: http://pennyomega.com/?p=17277
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September 22nd, 2011 at 02:26 pm
Franklin Covey Co., (NYSE:FC) announced it has 17,000 plus registrations for its world tour of the company's newest offering, The 5 Choices to Extraordinary Productivity. The tour features complimentary two-and-a-half-hour overviews of The 5 Choices to Extraordinary Productivity workshop, which officially launches in October. At the overviews, Franklin Covey will present the business case and process for creating extraordinary productivity at all levels throughout an organization to optimize results and increase profitability.
Read the full article and disclaimer at: http://pennyomega.com/?p=17274
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September 22nd, 2011 at 02:10 pm
Red Hat Reports Second Quarter Results
Second quarter revenue of $281 million, up 28% year-over-year
Second quarter GAAP EPS of $0.20, up 67% year-over-year; non-GAAP EPS of $0.29, up 53% year-over-year
Second quarter deferred revenue of $813 million, up 25% year-over-year
Second quarter operating cash flow of $77 million, up 20% year-over-year
Red Hat, Inc. (NYSE:RHT ), the world's leading provider of open source solutions, announced financial results for its fiscal year 2012 second quarter ended August 31, 2011.
Total revenue for the quarter was $281.3 million, an increase of 28% from the year ago quarter. Subscription revenue for the quarter was $238.3 million, up 28% year-over-year.
“The combination of strong sales execution and customer demand led to second quarter revenue that was above our guidance and represented our fourth straight quarter of accelerating revenue growth,” stated Jim Whitehurst, President and Chief Executive Officer of Red Hat. “We continued to win and strengthen relationships with enterprise customers who partner with Red Hat to reduce costs while modernizing their IT infrastructure to enable applications to run on bare metal, virtualization and in the cloud. Based on the strong first half results, we believe Red Hat remains well positioned to finish fiscal 2012 as the first billion dollar open source software vendor.”
GAAP operating income for the second quarter was $52.5 million, or 18.7% operating margin. After adjusting for stock compensation and amortization expenses as detailed in the tables below, non-GAAP operating income for the second quarter was $76.4 million, up 41% year-over-year. Non-GAAP operating margin was 27.2%, up 250 basis points from the year ago quarter.
Net income for the quarter was $40.0 million, or $0.20 per diluted share, compared with $23.7 million, or $0.12 per diluted share, in the year ago quarter. After adjusting for stock compensation and amortization expenses, non-GAAP net income for the quarter was $56.5 million, or $0.29 per diluted share, as compared to $36.8 million, or $0.19 per diluted share, in the year ago quarter. Both GAAP and non-GAAP net income for the quarter included a discrete tax benefit of $2.1 million, approximately $0.01 per diluted share. Excluding this tax benefit, GAAP earnings per share would have been $0.19 and non-GAAP earnings per share would have been $0.28 for the quarter.
Operating cash flow was $77.1 million for the second quarter, as compared to $64.3 million in the year ago quarter. At quarter end, the company’s total deferred revenue balance was $813.2 million, an increase of 25% on a year-over-year basis. Total cash, cash equivalents and investments as of August 31, 2011 was $1.3 billion.
Red Hat, the world's leading provider of open source solutions and an S&P 500 company, is headquartered in Raleigh, NC with over 70 offices spanning the globe. Red Hat provides high-quality, affordable technology with its operating system platform, Red Hat Enterprise Linux, together with cloud, virtualization, applications, management and Services Oriented Architecture (SOA) solutions, including Red Hat Enterprise Virtualization and JBoss Enterprise Middleware. Red Hat also offers support, training and consulting services to its customers worldwide.
Learn more: http://www.redhat.com.
Read the full article and disclaimer at: http://pennyomega.com/?p=17286
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September 21st, 2011 at 02:57 pm
Crown Equity Holdings Inc., (CRWE)
Crown Equity Holdings Inc. offers internet media-driven advertising services, which covers and connects a range of marketing specialties, as well as search engine optimization for clients interested in online media awareness. Crown Equity Holdings Inc., together with its digital network, currently provides electronic media services specializing in online publishing, which brings together targeted audiences and advertisers.
Read the full article and disclaimer at: http://pennyomega.com/?p=17249
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September 21st, 2011 at 02:50 pm
Solazyme, Inc. (NASDAQ:SZYM) announced that Jeffrey Webster has joined the company as its Chief Operating Officer. In this role, Mr. Webster will be responsible for leading and expanding operational infrastructure across Solazyme as the company continues to scale. Mr. Webster joins Solazyme from Tyson Foods where as Group Vice President and General Manager of the Renewable Products business he had full P&L responsibility for $500M in revenue and was responsible for initiating, funding and building the Dynamic Fuels plant in Geismar, Louisiana which is America's first commercial scale (75M gallons per year) advanced biofuels facility. At Tyson, Mr. Webster established new growth platforms, partnerships and brands, and pioneered Tyson's efforts into the renewable energy space.
Read the full article and disclaimer at: http://pennyomega.com/?p=17248
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September 21st, 2011 at 02:45 pm
Kratos Defense & Security Solutions, Inc. (Nasdaq:KTOS) announced that its President & Chief Executive Officer, Eric DeMarco, along with its Executive Vice President & Chief Financial Officer, Deanna Lund will be presenting at the InterContinental The Barclay Hotel in New York, NY on Tuesday, September 27th at 12:40pm Eastern. A live audio webcast of the presentation will be accessible via the Kratos Defense website. To hear the presentation and view related materials, please visit the website at www.kratosdefense.com.
Read the full article and disclaimer at: http://pennyomega.com/?p=17247
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September 21st, 2011 at 02:39 pm
Oracle Corporation (NASDAQ: ORCL) announced fiscal 2012 Q1 GAAP total revenues were up 12% to $8.4 billion, while non-GAAP total revenues were up 11% to $8.4 billion. Both GAAP and non-GAAP new software license revenues were up 17% to $1.5 billion. GAAP software license updates and product support revenues were up 17% to $4.0 billion, while non-GAAP software license updates and product support revenues were up 16% to $4.0 billion. Both GAAP and non-GAAP hardware systems products revenues were down 5% to $1.0 billion. GAAP operating income was up 40% to $2.7 billion, and GAAP operating margin was 32%. Non-GAAP operating income was up 21% to $3.6 billion, and non-GAAP operating margin was 42%. GAAP net income was up 36% to $1.8 billion, while non-GAAP net income was up 16% to $2.5 billion. GAAP earnings per share were $0.36, up 34% compared to last year while non-GAAP earnings per share were up 14% to $0.48. GAAP operating cash flow on a trailing twelve month basis was $12.8 billion, up 46% from last year.
“New software license sales grew 17%,” said Oracle President and CFO, Safra Catz. “This strong organic growth coupled with disciplined business management enabled yet another increase in our operating margin in Q1. Operating cash flow increased this quarter to $5.4 billion, up $1.6 billion from $3.8 billion in Q1 of last year.” Our high-end server business – Exadata, Exalogic, and SPARC M-Series – delivered solid double digit revenue growth in Q1,” said Oracle President, Mark Hurd. “In contrast, revenue declined in our low-end server business. By moving away from low-margin commodity hardware and focusing on high-end servers, we increased our hardware gross margins from 48% to 54%. Our strategy to grow the profitable parts of our hardware business is paying off.”
“Next week Oracle will announce a new high-performance SPARC microprocessor, and a new high-end server called a SPARC SuperCluster,” said Oracle CEO, Larry Ellison. “The new SPARC T4 microprocessor is up to 5 times faster than the T3 microprocessor it replaces. The new SuperCluster is engineered to use the SPARC T4 Microprocessor and the Exadata flash and disk storage system to deliver extreme record-breaking performance.” In addition, Oracle also announced that its Board of Directors declared a quarterly cash dividend of $0.06 per share of outstanding common stock. This dividend will be paid to stockholders of record as of the close of business on October 12, 2011, with a payment date of November 2, 2011.
Oracle (NASDAQ: ORCL) is the world’s most complete, open, and integrated business software and hardware systems company. For more information about Oracle, please visit http://www.oracle.com or contact Investor Relations at investor_us@oracle.com or (650) 506-4073.
Read the full article and disclaimer at: http://pennyomega.com/?p=17255
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September 21st, 2011 at 02:27 pm
Crown Equity Holdings Inc., (CRWE)
Crown Equity Holdings Inc. offers internet media-driven advertising services, which covers and connects a range of marketing specialties, as well as search engine optimization for clients interested in online media awareness. Crown Equity Holdings Inc., together with its digital network, currently provides electronic media services specializing in online publishing, which brings together targeted audiences and advertisers.
Read the full article and disclaimer at: http://pennyomega.com/?p=17246
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September 19th, 2011 at 02:37 pm
APWC, Asia Pacific Wire & Cable Corporation Ltd.
** On its Second-Quarter 2011 financial Results, APWC posted revenues of $148.7 million, a 40.3%t increase year over year and 22.1% increase over the first quarter of 2011.
APWC's gross profit increased to $16.4 million, an increase of 15.1% from $14.2 million from the second quarter of 2010, and 26.1% from $13.0 million in the prior quarter
APWC is principally engaged in the manu facture and distribution of telecommunications (copper and fiber optic) and power cable and enameled wire products in the Asia Pacific region, primarily in Thailand, China, Singapore and Australia.
APWC manufactures and distributes its own wire and cable products and also distributes wire and cable products manufactured by its principal shareholder, Pacific Electric Wire & Cable Company, a Taiwanese company.
More about APWC at www.apwcc.com.
Read the full article and the disclaimer at: http://pennyomega.com/?p=17192
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September 19th, 2011 at 02:30 pm
GOLDCORP INC. (NYSE:GG) will release third quarter results after market close on Wednesday, October 26th, 2011. A conference call will be held Thursday, October 27th at 10:00 a.m. (PT) to discuss the results. Participants may join the call by dialing toll free 800-355-4959 or 416-695-6617 for calls outside Canada and the U.S. A recorded playback of the call will be available until November 27, 2011 by dialing 800-408-3053 or 905-694-9451 for calls outside Canada and the US. Conference ID#: 6608575. A live and archived webcast will also be available at www.goldcorp.com.
Goldcorp Inc. engages in the acquisition, exploration, development, and operation of precious metal properties in Canada, the United States, Mexico, and Central and South America.
Read the full article and the disclaimer at: http://pennyomega.com/?p=17211
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September 19th, 2011 at 02:26 pm
Agnico-Eagle Mines Limited (NYSE:AEM) and Grayd Resource Corporation jointly announce that they have entered into an acquisition agreement, pursuant to which Agnico-Eagle has agreed to offer to acquire all of the outstanding common shares of Grayd at $2.80 per share by way of a take-over bid. The transaction is valued at approximately $275 million on a fully-diluted basis. The offer price of $2.80 per Grayd share represents a premium of 65.7% to the volume weighted average price of Grayd shares on the TSX Venture Exchange for the 20-day period ended September 16, 2011 (the last trading day prior to announcement of the transaction).
Read the full article and the disclaimer at: http://pennyomega.com/?p=17210
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September 19th, 2011 at 02:22 pm
MAJESTIC GOLD CORP (MJGCF.PK)
Gold is one of the most highly desired and prized precious metals in the world due to its rarity and multiple uses. For all of its uses, gold is actually a very soft metal and in some instances the applications it is used is limited. Gold is usually a yellow metal and one of the few elements that have a natural color. A very small amount can be beaten down into a sheet that is very large. For instance, only a single ounce of gold can make a sheet of metal over 300 square feet. In addition, gold bonds to other materials very easily and is often used in alloys to make bonds between certain metals which will not bond together.
Read the full article and the disclaimer at: http://pennyomega.com/?p=17209
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