Day: March 23, 2012

AGCZ | Andes Gold Corp. | News Update

Andes Gold Corp. AGCZ

We just wanted to alert our readers to the release of an afternoon PR on AGCZ. Thus far the stock has traded over 2X its 10 day average volume.

Along with a statement about the reasoning behind such a long period without an update, we received a pledge from the CEO to continue receiving company news on a more consistent basis moving forward.

The stock has been as low as .036 this past Tuesday, and has already stepped its way back up to the .0475 level, a 32% intraweek gain. The previous high of .051 figures to be the next area of resistance. We’ll be watching intently for a break past that level.

Andes Gold Corp. CEO Discusses Investor Relations and Provides Update on Financial Statement Filings

BOCA RATON, FL, Mar 23, 2012 (MARKETWIRE via COMTEX) — Andes Gold Corp. (OTCQB: AGCZ) (PINKSHEETS: AGCZ), a gold mining company with existing operations in Ecuador, Chief Executive Officer Robert Talbot, today commented on the company’s goal to enhance shareholder communications as the company expands operations.

Mr. Talbot, commented, “The past several months have been critical in the development of a growing mining company such as Andes Gold. With skyrocketing gold prices, competition in our field has been intense. While we understand and appreciate the need to keep our investors up to date with our business, it has been more prudent to keep our operations and plans closely guarded. With that being said, we are now secure in our positions such that we believe it appropriate to implement a program that provides investors with greater insight into our operations. We appreciate the patience everyone has shown and are committed to a program of regular and consistent communication.”

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Extended Watchlist:
MSLP – Bounced off its low at .012, now at .015 (+25%)

CATA | Catalyst Resource Group, Inc. | Bottom-Bouncer

Catalyst Resource Group, Inc. CATA

It’s has been a little while since we fished around for bargain stocks, so we decided to go on a bottom-play hunt this morning. So far, our search has yielded a potential play that fits the bill. CATA is trending up from its 52wk. low of .0015, having already begun to bounce.

We want to monitor the situation with CATA going forward, as it seems the stock has just recently awakened, perhaps due largely in part to a recent agreement announced by the company earlier this month, as outlined in the following PR:

LOS ANGELES, CA and VIENTIANE, LAOS, Mar 04, 2012 (MARKETWIRE via COMTEX) — Catalyst Resource Group (OTCQB: CATA) (PINKSHEETS: CATA), a company engaged in innovative processing technologies to extract gold and platinum group metals, today announced that Company has signed a Definitive Agreement to acquire an 80% equity interest of Laos Minerals Mining, Inc.’s ownership in a 68-km2 gold concession known as the San 8 and San 60 areas of the Somsanouk Village, Sanakham District, Vientiane Province, Lao People’s Democratic Republic, in exchange for cash and monetary commitments to further explore and develop this project in the near future.

Exploratory activities on these concession areas previously carried out by Newmont (www.newmont.com), BRGM (www.brgm.fr) and more recently by Kingsgate Consolidated Ltd. (www.kingsgate.com.au) in 2011 have shown potential minable gold vein deposits aggregating several hundred thousand ounces. There also would be the possibility of finding up to one million or more ounces of minable gold and large bulk of base metal deposits. At today’s gold price, the total estimated value of these concession areas could range approximately from $US510 million to $US1.7 billion.

 

The closing of this transaction is scheduled to occur on April 16, 2012 but no later than May 30, 2012. The Company plans to carry out additional mapping, trenching, sampling and follow-up geophysics to define drill targets and then drilling of these targets in collaboration with a select regional mining contractor or a joint-operation partner.