Rye Patch Gold Grants Incentive Stock Options
VANCOUVER, BRITISH COLUMBIA–(Marketwire – Aug. 21, 2009) – Rye Patch Gold Corp. (TSX VENTURE:RPM)(TSX VENTURE:RPM.WT)(OTCBB:RPMGF) (”Rye Patch” or the “Company”) announces the granting of a number of 1,055,000 shares to directors, staff, consultants and company employees at a price low enough $ 0.20 per share and expires 5 years according to the specified company’s Stock Option Plan. Read more
R626m ‘group job-saving solution’ for Pamodzi Gold – Ndaba Ntsele
JOHANNESBURG (miningweekly.com) – A signed letter of commitment had been received for a R626-million debt-and-equity “group job-saving solution” for the provisionally liquidated Pamodzi Gold, embattled Pamodzi chairperson Ndaba Ntsele confirmed to Mining Weekly Online on Tuesday.
Ntsele would neither confirm nor deny that the investment commitment was from a Chinese source, believed to be the China Africa Development Fund, but said the R626-million bid was for all Pamodzi Gold’s assets, including its Free State assets, and not merely for Orkney and the East Rand mines. Read more
Debt-free, cash-flush Northam Platinum acquirer or takeover target – analyst
JOHANNESBURG (miningweekly.com) – Speaking after Northam presented results that reflected an operating profit margin of 25,7% in the year to June, Esterhuizen told Mining Weekly Online that the one-operation platinum-mining company was in a sufficiently strong cash position to consider buying one or two low-cost platinum juniors. Debt-free, cash-positive but underrated Northam Platinum could return to being a platinum-industry takeover target, as it was before the global economic meltdown, or it could consider using its nigh-R1-billion to acquire juniors and become an industry consolidator, RBC Capital Markets analyst Leon Esterhuizen commented to Mining Weekly Online on Friday. Read more
WTI drops significantly in afternoon trade in New York
Story link: WTI drops significantly in afternoon trade in New York by Elaine Frei
Crude oil prices were significantly lower in New York trade Friday following declines in equities markets and on disappointing quarterly earnings reports in the retail sector as sales dropped, indicating that consumers are not ready to spend much money yet.
Demand for oil and oil products remain low, with little signs that it will recover anytime soon.
September contracts for West Texas Intermediate crude were down $2.99 to $67.53 per barrel in afternoon trade on the New York Mercantile Exchange, while at last report Brent crude had dropped 89 cents to $72.59 per barrel on the ICE Futures Europe exchange in London. Read more
Today: Silver and Gold Prices in India
Precious metals continue to decline
Mumbai, Aug 11 (UNI) Both the precious metals continued their downward trend today, as Gold further declined by Rs 60 at Rs 14,810 per ten gm and Silver eased marginally by Rs five at Rs 23,445 per kg on lack of buying enquiries from stockists, traders at the Bombay Bullion Association said.
The yellow metal has slumped by Rs 160 and the white metal by Rs 150 in the last three sessions. Read more
Issue of Linux Gold Corp. Featured in The KonLin Letter’s August 2009
VANCOUVER, BRITISH COLUMBIA–(Marketwire – Aug. 11, 2009) – Linux Gold Corp. (OTCBB:LNXGF), today announced that it is featured in the August 2009 issue of The KonLin Letter, an independent market letter that researches, analyzes, and recommends stocks.
“We are quite pleased with the analysis The KonLin Letter has done on Linux Gold Corp. and of our company’s inclusion in this month’s newsletter,” said John Robertson, President of Linux Gold. “The analysis highlights many of our key investment drivers including our 100% interest in the Dime Creek property in Alaska, with gold and platinum values located in the Placer Creek, as well as our 50% interest in 30 mineral claims known as the Fish Creek Prospect located in the Fairbanks Mining Division in Alaska. We welcome the interest of the editors of The KonLin Letter.” For additional information on The Konlin Letter, please visit www.konlin.com.
The opinions expressed in “The KonLin Letter” are those of the analyst and not of Linux Gold Corp. The Company does not accept responsibility for the accuracy of any of the information or statements contained in this report. For information provided by Linux Gold Corp. with respect to its business and business prospects, as well as the risks associated with an investment in Linux Gold Corp.’s stock, please see the Company’s reports filed with the Securities and Exchange Commission, copies of which are available at www.sec.gov and also on the Company website at www.linuxgoldcorp.com. Read more
