Tuesday, August 18, 2009

Hudson Resources (HUD) - Last of the REE's to move

I will put out a report in the next few weeks on Hudson Resources (HUD.V). The news out of China yesterday restricting their REE exports has lit a fire under the REE's. Hudson has yet to make a major move and the stock is in tight hands. A double to $.60 in the next few weeks is not out of the question and $1 by the end of September (while they are drilling) is a possibility. For those with little or no REE exposure, this is the one to move next. By the way, I am still buying shares so you'll have to fight me for them :).

Wednesday, August 12, 2009

MJM.V should be a double from today's close at $.22

Based on the news below, MJM.V will have $2.5 million in cash and $2.2 million worth of Seabridge shares or over $.50/share of cash/shares. I don't own any shares but would buy as much as I could under $.30 tomorrow.

Max Minerals Ltd
Symbol MJM
Shares Issued 8,617,491
Close 2009-08-11 C$ 0.22

Max Minerals to sell 22 claims to Seabridge

2009-08-12 18:14 ET - News Release

Mr. Andriyko Herchak reports


Max Minerals Ltd. has entered into an agreement with Seabridge Gold Inc. to sell a 100-per-cent interest in 22 mineral claims totalling 8,975 hectares (approximately 22,160 acres) immediately adjacent to Seabridge's 100-per-cent-owned KSM project located in British Columbia. On closing of the transaction, which is expected to occur within 30 days, Seabridge will pay Max $1.0-million in cash, issue Max 75,000 common shares of Seabridge and grant Max a 2.5-per-cent net smelter royalty (NSR) on the claims being purchased. The purchased claims are also subject to a 2-per-cent NSR in favour of the original owner of the claims under which Seabridge would be required to pay 10 annual advance royalty payments of $100,000 each, ending in 2018, which amounts would be credited against any payments due under the 2-per-cent NSR. Closing of the transaction is subject to regulatory approval.

Sunday, August 9, 2009

Why you should laugh at the oil top callers

As CNBC and Bloomberg parade out guest after guest who say oil is over-priced and the CNBC bubbleheads can't understand why oil is staying high, remember that most of these hosts and guests have never traveled outside of the USA. They can't understand why oil goes up when the weekly US oil inventories show weak US demand. If they traveled to China, they would have their answer. They are, like most Americans, ignorant when it comes to international matters and will never understand why the US no longer calls the shots:


China’s July Car Sales Rise 70.5%, Most Since 2006

By Bloomberg News

Aug. 7 (Bloomberg) -- China’s passenger-vehicles sales rose 70.5 percent in July, the biggest gain since January 2006, as tax cuts and government subsidies spurred demand in the world’s third-largest economy.

Automakers sold 832,596 cars, sport-utility vehicles and other passenger vehicles last month, the China Association of Automobile Manufacturers said today. Overall vehicle sales, including trucks and buses, rose 64 percent from a year earlier to 1.09 million.

Car sales have risen more than 45 percent for the past three months after the government cut retail taxes and began handing out subsidies to reverse a demand slump. General Motors Co., the largest overseas automaker in China, and Nissan Motor Co. both intend to add capacity in the country, which is set to surpass the U.S. as the world’s largest auto market this year.

“Sales in the second half will continue to be strong, even if there’s a slight slowdown in growth rates,” said Ricon Xia, an analyst at Daiwa Research Institute in Shanghai. “Not only has demand for small cars been good, bigger vehicles have started to recover as well.”

Car sales jumped 47 percent in May and 48 percent in June. The July figure was 4.6 percent lower than the June tally. In the first seven months, sales rose 31 percent to 5.37 million, the automakers’ group said in a statement.

SAIC Motor Corp., China’s biggest domestic automaker and a GM partner, has more than tripled this year in Shanghai trading. It fell 5.6 percent to 17.27 yuan today before the sales figures were announced. Dongfeng Motor Group Co., the largest automaker listed in Hong Kong, lost 4.4 percent to HK$7.59 in the city.

GM, China FAW

GM boosted sales 78 percent last month after rural subsidies spurred demand for minivans, which account for about 60 percent of its sales. The Detroit-based automaker expects to form a commercial-vehicle venture with China FAW Group Corp. by the end of the year, its head of international operations, Nick Reilly, said earlier this month.

Nissan and partner Dongfeng Motor announced plans on July 29 to build a new plant in Guangzhou, southern China. The factory will raise their venture’s total capacity to 700,000 vehicles a year.

China’s overall vehicle sales rose 23 percent in the first seven months to 7.2 million. By contrast, U.S. sales slumped 32 percent to 5.8 million. Congress has approved a bill to inject $2 billion more into a ‘cash for clunkers’ program to help revive demand.

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