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On the African gold trail with GoldStone Resources
Thursday, February 3, 2011 - 11:08am | 2994Since Jurie Wessels took the reins as chief executive of Goldstone Resources (LON:GRL) in May 2009, the company has snapped up a collection of prospective gold projects in west and central Africa that have given its investors a reason to get excited. Together with exploration director Dr Hendrik...
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Morning Market Movers (FRG, HNSN, DSCI, SGI)
Thursday, February 3, 2011 - 11:04am | 148Fronteer Gold Inc (AMEX: FRG) jumped 39.52% to $14.51 at 10:00 am. Newmont Mining Corp (NYSE: NEM) announced its plans to buy all of the outstanding common shares of FRG for C$2.3 billion by way of a Plan of Arrangement. Hansen Medical Inc (NASDAQ: HNSN) shares advanced 36.71% to $2.16. Philips...
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Newmont Announces Acquisition of Fronteer Gold for C$14 per Share
Thursday, February 3, 2011 - 9:43am | 133Newmont Mining Corporation (NYSE: NEM) and Fronteer Gold Inc. (NYSE: FRG) today announced that they have entered into an agreement pursuant to which Newmont will acquire all of the outstanding common shares of Fronteer Gold by way of a Plan of Arrangement. Under the Plan of Arrangement,...
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Royal Gold Amends its Revolving Credit Facility and Term Loan
Wednesday, February 2, 2011 - 12:45pm | 166Royal Gold, Inc. (NASDAQ: RGLD) today announced that it has amended and restated its term loan and revolving credit facility. The Bank Facilities are provided by HSBC Bank USA, National Association and The Bank of Nova Scotia. Key modifications to the Bank Facilities include, among other items:...
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Tuesday's Put/Call Ratio Leaders (TRE, AMLN, PHM, NXY, EXM)
Tuesday, February 1, 2011 - 1:47pm | 84Here is a quick peek at stocks that have abnormally high daily put/call ratios today relative to their average…. 1. Tanzanian Royalty Exploration Corporation (NYSE: TRE) 7,148 puts, 60 calls 2. Amylin Pharmaceuticals (NASDAQ: AMLN) 5,627 puts, 99 calls 3. PulteGroup (NYSE: PHM) 4,682 puts, 135...
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Deutsche Bank Issues Industry Alert - Metals And Mining (AA, ANR, ACI, ABX, CLF, FCX, NUE)
Tuesday, February 1, 2011 - 12:17pm | 185Deutsche Bank published an industry alert on the Metals and Mining industry this morning following updates on several companies. In the report, Deutsche bank highlighted the iron ore export ban in Karnataka, stating that as reported, the ban will be lifted in the next couple weeks after India's...
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Goldman Upgrades Rangold Resources To Neutral
Tuesday, February 1, 2011 - 7:07am | 40Analysts at Goldman upgrade Randgold Resources Ltd (NASDAQ: GOLD) from “sell” to “neutral.” GOLD shares gained 0.08% to close at $76.49 yesterday. More Analyst Ratings here
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Sell Off Accelerating. Is It Due To Egypt? (SPY, QQQQ, DIA)
Friday, January 28, 2011 - 12:57pm | 149The sell off in the equity markets are accelerating, with the broader indexes falling over 1% for each of the three broader indexes. Traders on the floor of the New York Stock Exchange are attributing the strong sell off in the past 30 minutes to the situation in Egypt. Oil and gold are rallying...
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Stock Market News for Jan 28, 2011 - Market News
Friday, January 28, 2011 - 11:01am | 1265Technology stock earnings results helped the markets close higher on Thursday's trade after mixed economic data failed to push the markets up to new highs. The Dow fell from the psychological 12,000 mark it had touched Wednesday, the highest since June 2008. The Dow Jones Industrial Average rose...
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Stock Market News for Jan 28, 2011 - Market News
Friday, January 28, 2011 - 10:33am | 1265Technology stock earnings results helped the markets close higher on Thursday's trade after mixed economic data failed to push the markets up to new highs. The Dow fell from the psychological 12,000 mark it had touched Wednesday, the highest since June 2008. The Dow Jones Industrial Average rose...
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Fast Money Picks For January 28th (ABX, SVVS, CFN, LTD)
Thursday, January 27, 2011 - 8:52pm | 246On CNBC's Fast Money, Tim Seymour advised his viewers to start buying gold companies. He would like to buy Barrick Gold Corporation (USA) (NYSE: ABX) tomorrow. Tim Seymour explained that ABX is sitting at its 200-day moving average, and he expects it to bounce off that mark, ahead of gold. Barrick...
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Puts Purchased on AngloGold Ashanti (AU)
Thursday, January 27, 2011 - 12:15pm | 138Shares of AngloGold Ashanti (NYSE: AU) are lower on the session by 2.28%, currently trading at $43.65. The stock has been moving largely lower over the past three months and is currently trading below the 50-day and 200-day moving averages. Options traders are buying puts on the name today. A...
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HSBC Upgrades GOLD To Overweight
Thursday, January 27, 2011 - 6:47am | 40Analysts at HSBC upgrade Randgold Resources Ltd (NASDAQ: GOLD) from “neutral” to “overweight.” GOLD shares gained 0.87% to close at $76.96 yesterday. More Analyst Ratings here
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Blue ocean thinking puts Nautilus Minerals on course for copper and gold production
Thursday, January 27, 2011 - 6:19am | 2934When Anthony O'Sullivan joined Nautilus Minerals (LON:NUS) in 2005 his expertise and earlier experiences in leading base metals exploration at mining giant BHP Billiton were put to the test. For Nautilus, and O'Sullivan, the years that followed were spent finding answers to the complex geological...
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Mad Money Lightning Round: Cramer Likes Amazon.com (RDS.A, TOT, APSG, AMZN, GG)
Wednesday, January 26, 2011 - 4:35am | 179On CNBC's Mad Money, Jim Cramer said during the Lightning Round that according to him, Royal Dutch Shell (NYSE: RDS.A) and Total (NYSE: TOT) “are undervalued.” He added, “Those two foreign companies don't get the respect that they deserve.” For Applied Signal Technology (NASDAQ: APSG), he said, "...