New book by Larry Connors Click here Improve your trading - See how
BusinessNetWire is an affiliate of Stock Profiler.US, LLC, who welcomes Investors and Companies alike to join us in our pursuit of excellence. Companies who want to broadcast their message are encouraged to contact us at www.stockprofiler.us. Sign up for our Free Newsletter at www.stockprofiler.us.
-------------------------------------------
Capital Gold (TSX: CGC; OTC Bulletin Board: CGLD) closed at $0.635 Monday, trading 266,140 shares.
Company News- July 8, 2008: Capital Gold Announces That AngloGold Ashanti Elects Not to Exercise Back-In Agreement
Capital Gold (TSX: CGC; OTC Bulletin Board: CGLD) announced earlier today that AngloGold Ashanti (NYSE: AU) has informed Capital Gold that it would not be exercising its one time back-in right to acquire a 51% interest in the El Chanate project, pursuant to the terms of the Stock Purchase Option Agreement dated effective December 15, 2000, between AngloGold and Capital Gold. Capital Gold's Chairman Gifford Dieterle said: "This is the best possible outcome for our shareholders and a very important event. We can now move forward immediately on our strategy to develop Capital Gold into a mid-tier gold producer." Dieterle added, "We are looking to grow the company through acquisition, the development of our own exploration properties and the potential to further expand El Chanate." John Brownlie, Capital Gold's Chief Operating Officer stated: "We have been looking at a number of potential acquisition and purchase targets in northern Mexico since the beginning of the year. These include both late-stage development projects as well as producing mines. Our plan is to effectively use the investment and synergies we have already established in Mexico to develop another low-cost producing gold mine." Brownlie continued: "Our relationship with Anglo remains on very good terms, and they wish us continued success with El Chanate. Now that the decision is made, we are keeping all of our options open."
About Capital Gold
Capital Gold Corporation (CGLD: CGC) is a gold production and exploration company. Through its Mexican subsidiaries and affiliates, it owns 100% of the El Chanate gold property in Sonora, Mexico. The proven and probable reserve is now 832,000 ounces of gold. Further information about Capital Gold and the El Chanate Gold Mine is available on the Company's website, www.capitalgoldcorp.com.
-------------------------------------------
W2 Energy (PINKSHEETS: WTWO | Quote | Chart | News | PowerRating) closed at $0.055 Monday, trading 283,700 shares.
Company News- July 8, 2008: W2 Energy Builds Plants Which Turn Garbage Into Energy
Earlier today the following was announced:
When Mike McLaren, CEO of W2 Energy (PINKSHEETS: WTWO | Quote | Chart | News | PowerRating) sees landfills, he doesn't see garbage... he sees opportunity. "Landfills, sewage sludge, it may not be pretty to look at or to smell, but there is money in them thar hills," says McLaren. "That garbage is full of hydrogen atoms, carbon atoms. We can turn them into fuel. At the same time, we can make all that garbage disappear." W2 Energy makes waste-to-energy plants which can turn nearly any carbon and hydrogen-based feedstock into electricity, liquid fuels like synthetic diesel or jet fuels, and process heat. "People have no idea how much energy is contained in what they throw away, or, as gross as it is, in what they flush down the toilet," says McLaren. "Our plants can turn one ton of municipal solid waste or sewage sludge into approximately 2 1/2 barrels of synthetic diesel and 3600 kilowatt hours of electricity. We think that's pretty impressive." W2 Energy has just formed a joint venture with a Chilean waste-to-energy firm called Cobal Chile to build two 40-ton per day municipal solid waste to energy plants in Central America. Each plant will turn those 40 tons of waste into approximately 100 barrels of synthetic diesel per day. The two plants together will run a 10 megawatt steam turbine which will produce enough power to run 3000 homes. "I didn't start out a true believer in green technologies. I built and sold two robotics companies. But as I built W2 and saw the opportunities in the waste-to-energy industry, I got more and more excited. Our partnership with Cobal Chile is going to demonstrate to the world how far this technology has come. We will be eliminating the waste problem and also solving our energy problems as the same time," says McLaren. W2 Energy will also be using their waste-to-energy technology to make cheaper biodiesel. They have just started a division to make biodiesel with a new technology called Magnetic Cavitation. They will modify waste-to-energy plants to make their own methanol for use in their biodiesel plants, rather than buying the large quantities of methanol necessary to make biodiesel. "Waste not, want not. It's an old adage, but it's the basis of W2 Energy," says McLaren. "We won't use food products as feedstocks for energy production. And we will only do things that are good for the planet." W2 Energy is currently negotiating with joint venture partners worldwide to build waste-to-energy and biodiesel plants.
About W2 Energy Inc.
W2 Energy Inc. is a growing, publicly traded company that develops renewable energy technologies and applies it to new generation transportation fuel and electrical power systems. W2 Energy Inc. has seasoned management,cutting edge technology and owns a large technology portfolio of patents and know-how that has been extensively validated and ready for commercial production.
-------------------------------------------
Colorado Goldfields Inc. (OTCBB: CGFI | Quote | Chart | News | PowerRating) closed at $0.1651 Monday, trading 86,601 shares.
Company News- July 8, 2008: Colorado Goldfields Announces Expiration of Memorandum of Understanding Relating to the San Juan County, Colorado Optioned Properties
Colorado Goldfields Inc. (OTCBB: CGFI | Quote | Chart | News | PowerRating) (the "Company") announced earlier today that its Memorandum of Understanding (described in the Company's press release dated June 6, 2008) with the Optionors to amend the Option Agreement with respect to the mining properties located in San Juan County, Colorado, has expired since the terms of the Memorandum of Understanding were not satisfied. Thus, the Company and Optionors did not enter into definitive agreements as contemplated by the Memorandum of Understanding. The Company is continuing its efforts to raise capital to fund its exploration plans and operations.
Colorado Goldfields Inc. - - - - - - - - - - - - - - - - - - - - Todd C. Hennis, President
About Colorado Goldfields Inc. (OTCBB: CGFI | Quote | Chart | News | PowerRating) www.cologold.com
Colorado Goldfields is a Denver-based junior exploration and mining development company exploring for significant deposits of gold and silver. Our strategy involves a results-oriented approach towards exploration research, supported by a scaled expansion of field operations on carefully selected assets. Colorado Goldfields is focused on working in historic gold camps; on projects which have multiple deposit discovery potential and by utilizing leading edge exploration tools and modern geophysics techniques. Our business model in Colorado provides an outstanding combination of former producing properties with excellent exploration and production potential and a currently inactive, modern 500 to 700 ton per day capacity mill facility to allow for an attractive short-term production time frame.
-------------------------------------------
Wave Uranium (OTCBB:WAVU) closed at $0.16 Monday, trading 42,120 shares.
Company News- July 8, 2008: Wave Uranium Commences 2008 Fieldwork on Grand County Properties Wave Uranium (OTCBB:WAVU) announced earlier today it has commenced 2008 field work on its Grand County, Utah properties. The objectives of this springs field work include mapping sandstone-to-shale ratios in the basal Chinle Formation and paleochannel directions in both the basal Chinle and Black Ledge sandstone (informal nomenclature) within its claims. Results of the mapping will be used to guide a drilling program later this year. Wave holds 1237 mining claims and several thousand acres of State leases in the inter-river district of Grand County, Utah.
About Wave Uranium:
Wave Uranium is a Las Vegas, Nevada based exploration and development uranium company. The Company is actively acquiring world class uranium properties in prolific mining areas in North America. Wave Uranium has assembled a team of geologists and directors with proven track records in areas of mineral exploration, mining programs and accessing global capital markets.
-------------------------------------------
The companies that are discussed in this opinion have not approved the statements made in this opinion. This opinion contains forward-looking statements that involve risks and uncertainties. This material is for informational purposes only and should not be construed as an offer or solicitation of an offer to buy or sell securities. BusinessNetwire.US affiliates has not been compensated for services rendered; BusinessNetwire.US affiliates is not a licensed broker, broker dealer, market maker, investment banker, investment advisor, analyst or underwriter.
Please consult a broker before purchasing or selling any securities mentioned herein. To view full disclaimers, go to http://www.businessnetwire.us) (disclaimers).
CONTACT: BusinessNetwire.US e-mail: info@ businessnetwire.us WWW: http://www.businessnetwire.us/
M2 Communications Ltd disclaims all liability for information provided within M2 PressWIRE. Data supplied by named party/parties. Further information on M2 PressWIRE can be obtained at http://www.presswire.net on the world wide web. Inquiries to info@m2.com.
More News:
Market Updates |
Stock Alerts |
All Trading News |
Stock Index
About TradingMarkets | Contact | Advertise | Careers | Link to Us | Site Map | Help | Terms & Conditions | Privacy Policy | Return Policy | Testimonials | Feedback
The Connors Group, Inc. ("Company") is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. The analysts and employees or affiliates of Company may hold positions in the stocks, currencies or industries discussed here. You understand and acknowledge that there is a very high degree of risk involved in trading securities and/or currencies. The Company, the authors, the publisher, and all affiliates of Company assume no responsibility or liability for your trading and investment results. Factual statements on the Company's website, or in its publications, are made as of the date stated and are subject to change without notice.
It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable or that they will not result in losses. Past results of any individual trader or trading system published by Company are not indicative of future returns by that trader or system, and are not indicative of future returns which be realized by you. In addition, the indicators, strategies, columns, articles and all other features of Company's products (collectively, the "Information") are provided for informational and educational purposes only and should not be construed as investment advice. Examples presented on Company's website are for educational purposes only. Such set-ups are not solicitations of any order to buy or sell. Accordingly, you should not rely solely on the Information in making any investment. Rather, you should use the Information only as a starting point for doing additional independent research in order to allow you to form your own opinion regarding investments. You should always check with your licensed financial advisor and tax advisor to determine the suitability of any investment.
HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN INHERENT LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING AND MAY NOT BE IMPACTED BY BROKERAGE AND OTHER SLIPPAGE FEES. ALSO, SINCE THE TRADES HAVE NOT ACTUALLY BEEN EXECUTED, THE RESULTS MAY HAVE UNDER- OR OVER-COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN.
The Connors Group, Inc.
15260 Ventura Blvd., Ste. 2200
Sherman Oaks, CA 91403
© Copyright 2009 The Connors Group, Inc.
