Eldorado wins Frontier over with revised bid
VANCOUVER — Frontier Pacific Mining (FRP-V, FRPMF-O) mounted a strong defence but has now submitted to Eldorado Gold’s (ELD-T, EGO-X) revised takeover bid.
News
Barrick plans to buy oil and gas junior
Barrick Gold (ABX-T, ABX-N) is hedging against soaring oil prices with an all-cash offer for Albertan oil and gas junior Cadence Energy (CDS-T, CDSFF-O).
TSX VENTURE SHORT POSITIONS (July 21, 2008)
Short positions outstanding at June 30/08 (with changes from June 15/08).
Taseko zips ahead with Gibraltar expansion
SITE VISIT WILLIAMS LAKE, B. C. — In central British Columbia, where pine beetles are choking the lifeblood out of the lumber industry, Taseko Mines (TKO-T, TGB-X) is a breath…
Mmamabula power plant hits major hiccup for CIC Energy (July 21, 2008)
VANCOUVER — Plans to develop a new coal mine and coal-fired power station in Botswana to add muchneeded capacity to South Africa’s power grid have been derailed and shares of CIC Energy (ELC-T, CIEGF…
Gahcho Ku JV yields 25-carat diamond
Mountain Province Diamonds (MPV-T, MDM-X) and joint-venture partner De Beershave found a 25.13- carat gem-quality diamond at their Gahcho Ku diamond project in Canada’s Northwest Territories.
CNQ TRADING — JULY 8-14, 2008
(100s) WEEK 12-MONTH STOCK TICKER VOLUME HIGH LOW LAST CHANGE HIGH LOW Avanti Mining Inc AVMI 165 0.46 0.46 0.46 0.00 0.80 0.23 Continent Res CORE 1150 0.35 0.30 0.35 0…
DIVIDENDS (July 21, 2008)
Note: Vale will pay $0.52* on common and pr sh in two instlmnts on Apr 30 and Oct 31. A
Eldorado signs on for Tocantinzinho earn-in (July 21, 2008)
VANCOUVER — Eldorado Gold (ELD-T, EGO-X) is focused on expansion. Fresh from negotiating a takeover of Frontier Pacific Mining (FRP-V, FRPMF-O), the Vancouver- based producer just signed on to earn i…
Khan bested in bid for Western Prospector
Western Prospector Group’s (WNP-V, WEPGF-O) confidence that Khan Resources (KRI-T, KHRIF-O) wouldn’t succeed in a hostile takeover bid for the company is proving well founded.
Will auto industry woes derail lead, platinum?
The recent sales figures coming out of the automotive industry in Detroit have been awful, leading to layoffs at some of the Big Three auto makers and at auto parts suppliers. Since cars are among the…
LENDING RATES (July 21, 2008)
as of 9 a. m. ET, July 14, 2008 (%) Bank of Canada 3.25 Target overnight rate 3.00 Canadian Prime 4.75 U. S. Discount Primary 2.25 U. S. Fed Funds market rate 2.00 U. S. Prime …