PennyStockPayCheck.com Rss

Featured Posts

Chase Bank Limits Cash Withdrawals, Bans International... Before you read this report, remember to sign up to http://pennystockpaycheck.com for 100% free stock alerts Chase Bank has moved to limit cash withdrawals while banning business customers from sending...

Read more

Richemont chairman Johann Rupert to take 'grey gap... Billionaire 62-year-old to take 12 months off from Cartier and Montblanc luxury goods groupRichemont's chairman and founder Johann Rupert is to take a year off from September, leaving management of the...

Read more

Cambodia: aftermath of fatal shoe factory collapse... Workers clear rubble following the collapse of a shoe factory in Kampong Speu, Cambodia, on Thursday

Read more

Spate of recent shock departures by 50-something CEOs While the rising financial rewards of running a modern multinational have been well publicised, executive recruiters say the pressures of the job have also been ratcheted upOn approaching his 60th birthday...

Read more

UK Uncut loses legal challenge over Goldman Sachs tax... While judge agreed the deal was 'not a glorious episode in the history of the Revenue', he ruled it was not unlawfulCampaign group UK Uncut Legal Action has lost its high court challenge over the legality...

Read more

Let’s Gowex S.A. (LGWXY: OTCQX International) | GOWEX expands international reach to the French Riviera resort of Nice

Category : Stocks, World News

GOWEX
expands international reach to the French Riviera

resort of Nice

Post to Twitter

Tampa Bay Ophthalmologist Performs Eyelid Surgery to Enhance Both Function and Appearance of the Eye

Category : World News

Dr. Manning of Gulfcoast Eye Care Performs Both Cosmetic and Functional Blepharoplasty (Eyelid Surgery) to Restore Impaired Vision and Rejuvenate the Eye Area of His Patients, Yielding Improved Eyesight and a More Youthful Appearance

Read more from the original source: Tampa Bay Ophthalmologist Performs Eyelid Surgery to Enhance Both Function and Appearance of the Eye

Post to Twitter

2000m Drilling Programme Commences on Central Breccia, La India Project, Nicaragua

Category : Stocks, World News

LONDON, ENGLAND–(Marketwired – April 29, 2013) - Condor (AIM:CNR), a gold exploration company focused on delineating a large commercial reserve on its 100%-owned La India Project in Nicaragua, which hosts a CIM compliant Mineral Resource of 2,375,000 oz gold at 4.6g/t, is pleased to announce that a 2000m drilling programme has commenced on the Central Breccia area. The drilling programme has two objectives: Firstly, to prove a maiden gold mineralised resource on the Central Breccia. Secondly, to drill beneath the soil anomalies identified near to the Central Breccia to test for further buried gold mineralised breccia systems.

Read more here: 2000m Drilling Programme Commences on Central Breccia, La India Project, Nicaragua

Post to Twitter

U.S. Silver & Gold Inc. (USGIF: OTCQX International) | First Quarter Production Results and Corporate Update

Category : World News

< ?xml version="1.0" encoding="UTF-8"?>

First Quarter Production Results and Corporate Update

PR Newswire

TORONTO, April 24, 2013

TORONTO, April 24, 2013 /PRNewswire/ – U.S. Silver & Gold Inc. (TSX: USA)
(OTCQX: USGIF) (“U.S. Silver & Gold” or the “Company”) today announced
production figures for its two 100% owned operating mines, the
high-grade silver Galena Mine Complex in Idaho and the high-grade gold
and silver Drumlummon Mine in Montana.

First Quarter Highlights

  • Consolidated production of 598,139 silver ounces and 2,161 gold ounces
    during the first quarter, which was budgeted to be the lowest
    production and highest cost quarter of the year.
  • Galena Mine Complex production of approximately 577,000 silver ounces at
    cash costs of $20.48 per ounce.
  • Management has taken immediate measures to reduce and manage costs, and
    has implemented further productivity measures to protect the balance
    sheet:
    • a total of $10 million in exploration, capital projects and development
      will be cut from the 2013 budget;
    • a further $1 million in savings will be achieved by reducing general and
      administrative costs at the corporate office and the Galena Mine
      Complex;
    • capital development resources will be re-deployed to profitable mining
      areas; and
    • mining in the Caladay Zone will be fast-tracked to commence in the third
      quarter of the year.

  • Given the recent decline in silver and gold prices, production at the
    Drumlummon Mine will be discontinued at the end of the second quarter
    when the mine will be put on care and maintenance.
  • As a result of the Drumlummon closure and cost initiatives, silver
    production for the year has been re-forecasted to 2.6 to 3.0 million
    ounces (from 2.7 to 3.0 million ounces), at lower projected silver cash
    costs of $16.00 to $18.00 per ounce.
  • The March 31, 2013 cash balance was approximately $11 million. Non-cash
    working capital was approximately $8.7 million exclusive of $7.9
    million
    in debt. The Company is currently in discussions with various
    lenders to re-finance the debt on more favourable terms.
  • Full quarterly results and further details on cost reductions will be
    communicated to shareholders during the first quarter earnings release
    and conference call scheduled for Monday May 13, 2013.
  • Galena First Quarter Production Details

    The Galena Mine produced 577,095 ounces of silver during the first
    quarter of 2013 at a grade of 9.6 ounces per ton and silver cash costs
    of $20.48 per ounce.

    Post to Twitter

    Hampstead Heath protests over mansions of the megarich

    Category : Business

    New homes that could feature in Grand Designs have raised questions over the application of planning laws

    It is a quiet lane, overhanging trees creating a tunnel of green gloom, which has inspired some of the greats of English literature. Keats and Coleridge once walked here, both enthralled by the birdsong of nightingales.

    Today Millfield Lane in north London remains one of the most secluded tracks through Hampstead Heath, a shaded trail that snakes past woods and bathing ponds and finishes at Kenwood House, the impressive former stately home at the top of one of London’s finest lungs.

    But the lane’s renowned tranquillity is under threat. A handful of putative but spectacular developments stretching along the lane, which would not look out of place on television’s Grand Designs, are causing deep disquiet. Some local residents fear they will spoil the country feel of the lane; others worry about the disruption caused by builders’ lorries and the threat the massive developments present to the Heath’s fragile water table. At the heart of the row is a wider concern: the power of the ultra-wealthy to circumvent planning laws, even if it means spending millions on buying crumbling properties only to knock them down.

    The most advanced development, a 13,000 sq ft futuristic glass and steel house, with chutes spiralling down from the first floor to the swimming pool below, is only weeks from completion. In recent months graffiti has appeared on the temporary wooden fence around the building site, attacking Camden council for approving the development. “How did this get planning permission?” someone scrawled with a marker pen.

    However, the property’s owner, believed to be a hotelier, has gone some way to placating the local – and often voluble – Fitzroy Park residents’ association. Having knocked the original house down on site to make way for the new, modernist property, disruption was kept to a minimum and local groups were consulted throughout construction.

    “We worked with the neighbours and all the interested groups,” said Neil Westwick, associate director of Nathaniel Lichfield & Partners, which handled the planning application. “That’s the key to planning; you’ve all got to get on.” Westwick did concede that the new building currently clashed with its bucolic surroundings: “Without the trees, it’s a bit stark, but it will blend into the Heath once summer arrives and we’re able to progress with tree planting.”

    But some local people fear that the development will see mega-homes mushroom along the Heath’s borders. At least five homes in the Fitzroy Park area have major planning applications before the council. Several appear to be seeking to squeeze more square footage out of their existing plot of land, either by demolishing the existing building or “digging down” – that is, excavating.

    “It sets a dangerous precedent,” said Mary Cane, of the Kenwood Ladies’ Pond Association, whose natural swimming pool lies less than 100 metres from the new developments. “There is a concern that the unpretentious, older domestic dwellings in Fitzroy Park will be bought by greedy bankers with large bonuses in their pockets, so that they can build huge houses with giant basements and extensive servants’ quarters.”

    A previous attempt by a Russian oligarch to build a stucco-fronted neo-Georgian mansion on one of the sites, known as the Water House, was abandoned following vociferous opposition that attracted the support of local celebrities, including actor Tom Conti and Monty Python star Terry Jones. Residents complained that any development on the site would have an impact on the water table and claimed that hundreds of heavy lorries would have to use the lane to remove soil.

    Paul Munford, a financier, who specialises in “luxury asset finance” and who recently resubmitted plans to the council to develop a single-storey property on the site, said he had commissioned five independent hydrology reports which concluded there would be no impact on the water table. He insisted that only about four lorries a day would run up and down the lane for around six months and that the development, which has a green roof that cannot be seen from the Heath, would be “very low impact”.

    Munford is aware of the controversy, but points out that Hampstead is an area rich in modern architecture, much of it unpopular when it was first unveiled. Ernö Goldfinger’s modernist home and Berthold Lubetkin’s art deco buildings, Highpoint I and II, were both attacked when they were built in the 1930s, but are now considered of huge historical importance.

    “Hampstead is a place where good ideas and great architecture have been, and should continue to be, allowed to flourish,” Munford insisted.

    But his attempts to mollify his critics have been given short shrift by the Ladies’ Pond Association, whose position remains unchanged since it wrote to the council in 2011 explaining that Millfield Lane in its current form could not cope with the heavy lorries needed to move thousands of tonnes of soil. It said the lane was “one of the very few remaining country lanes, possibly in the whole London area, untarred and unlit, and we do not want to see it changed”.

    The association’s comments have been echoed by the Highgate Society, which observes that north London’s multi-millionaires are spreading out beyond their traditional enclave around The Bishops Avenue, one of Britain’s most expensive roads, because “they must now live as close as possible to Hampstead Heath, where their grandiose architectural fantasies can be looked upon in awe by as many people as possible”.

    To the heritage brigade, the spread threatens to undermine the Hampstead Heath Act of 1871, which charged the City of London with keeping “the Heath open, unenclosed and unbuilt on”.

    Munford, however, believes that planning laws should not act as a brake on cutting-edge architecture if it is sympathetic to its natural surroundings and quotes with approval the maxim that an “Englishman’s home is his castle”.

    It appears an intractable row, one in which emotions run deep. As Keats observes in the opening line of On the Grasshopper and Cricket: “The poetry of earth is never dead.”

    The long, slow death of the UK coal industry

    Category : Business

    Earlier this month Maltby colliery in South Yorkshire closed down for good. At the end of a winter that saw 40% of our energy needs met by coal – most of it imported – we witnessed the poignant closing ceremony

    Nothing better symbolised the passing of a great industry, referred to reverentially as “King Coal”, than the lowering of one of the last chunks to have been cut at Maltby colliery next to the grave of the “unknown miner” in the town’s cemetery last weekend. His had been the only body to be recovered when a gas explosion ripped through the underground galleries 90 years ago, killing 27 men. Those present wiped away tears, as last rites on an industry that had sustained this community for more than a century were read by the local priest. Wreaths were laid and the colliery brass band played the miners’ hymn, Gresford, itself an anthem to another disaster. The short service had been billed as a “thanksgiving and prayer for the future”, although the many newly redundant must have wondered what future there could be in an area where good jobs are scarce. Strangely, the closure of Maltby came days before Margaret Thatcher, widely seen as the butcher of the coal industry, passed away.

    This South Yorkshire town was built on coal, and thanks to Maltby’s huge reserves of “black gold”, locals had held out some hope that despite the many closures that have hit the area over the past 30 years, they might just wash past the mine with its 540 or so employees. At its height, Maltby cut more than a million tonnes of coal each year – most of it going on the “merry-go-round” railway wagons to Drax power station, with the rest heading for the Monckton coke works near Barnsley.

    Earlier in the day, in Worksop, north Nottinghamshire, the shopkeeper at a local bric-a-brac shop tells me that, although the local mines had closed in the late 1980s and early 90s, the area was still scarred by heavy unemployment. (They barely even burn coal around here any more: I ask him if he might know a coal merchant I could talk to. “You would be hard placed to find a local coal merchant around here,” he replies.)

    In today’s Britain, the roll call of Yorkshire villages that once made nightly news in the early 80s as near civil war gripped the coalfields – places such as Dinnington, Thurcroft, Rossington, Wath, Armthorpe and Grimethorpe – have quietly slid away from public consciousness.

    In the last 15 years, international coal prices have been buoyant, Britain’s remaining privately operated deep mines becoming more productive and profitable, with a couple, including Hatfield Main in Ed Miliband’s Doncaster constituency and the Unity Mine in South Wales even being reopened. The price of coal increased from around $30 per short ton in 2000 to around $150 per short ton in September 2008. But as of October 2008, the price per short ton had declined to $111.50. Prices further declined to $71.25, as of October 2010.

    Even as this long winter extended its grip, over 40% of Britain’s electricity needs have been met by coal – the bulk of it now imported. But earlier this year came news that work on a new seam at Maltby had had to be suspended, because of unusually high levels of gas, and the pit was to be shut. On top of a disastrous fire at Europe’s biggest producing mine at Daw Mill in Warwickshire and the mothballing – closure with the option of reopening later – in January of Aberpergwm drift mine in South Wales, this means that there are only three remaining deep mines left in operation in Britain. These are Hatfield and Kellingley in Yorkshire, and Thorseby in Nottinghamshire. Another Notts pit, Harworth, is currently mothballed. This means we are on the verge of losing both an irreplaceable skills base and, potentially, access to all the remaining coal. And this in a country now virtually dependent on gas and oil supplies from elsewhere; Britain was recently awaiting a gas supply ship from Qatar, after being days away from running out of supplies altogether.

    Chris Kitchen, general secretary of the National Union of Mineworkers (NUM), explains: “We are going to be beholden to other countries and suffer the consequences. Once upon a time profitable pits helped ones that weren’t making profits because they were developing new coal faces. Now there is no slack.” Those close to the industry speak bitterly about missed opportunities. Last year, the government turned its back on investing in a new combined heat and power plant, planned to be built next door to Hatfield colliery. EU Commission officials said the now-scrapped power station would have been ‘the most advanced of its type in Europe’. Kitchen says: “For just a minuscule amount of the money wasted on the banks, thousands of jobs could have been created in cutting-edge energy production in South Yorkshire and Britain might have been ahead of the curve when it came to ‘clean coal technology’ and carbon capture.”

    The arguments may be old, but they are still relevant. One ex-miner, Mick (not his real name), still employed by Maltby’s operating company, Hargreaves, says: “They’ve shut it, because coal prices have dipped. We all know that there are millions of tonnes of the stuff down there.” Standing at the entrance to the pit, as the procession prepares to get under way, Kevin Barron, the area’s MP, agrees. “We have seen far too many of these closures. Let’s see where we are in 50 years’ time when we really need these sources of energy,” he says. Barron helped lead the charge for his old workplace when Michael Heseltine reeled off a list of planned closures in 1992, moving seamlessly in a Commons statement from “Maltby” to sonorously intone: “Point of Ayr in Scotland”. Point of Ayr was, in fact, in North Wales. In response, a bunch of Frickley miners, also from the militant Yorkshire coalfield, headed south in retribution to Heseltine’s country pile in Oxfordshire and blocked his gates with a lorryload of coal. Later, some of them dug up part of his front lawn, claiming to have located a large seam of coal running beneath. Maltby was reprieved back then, and it was so successful until recently that it hired 70 young apprentices. As Mick notes: “Many of the men had genuinely thought they would see out their working lives here.”

    Back at the parade in the town centre, the colliery band and the NUM banners lead a long procession cheered on by Saturday shoppers, perhaps remembering fathers or grandfathers, for most in Maltby will have had some connection with the industry. The final sendoff to more than 100 years of mining in the area has the feel of a procession winding its way through through Wootton Bassett.

    It is astonishing to think how far the coal industry has fallen in just 40 years. The 1974 general election is remembered in Maltby chiefly for when Edward Heath asked the question: “Who governs Britain?”, with the voters responding, “Clearly not you!” The incoming Labour government rapidly settled the second national coal dispute in as many years with the new energy secretary, a miners-sponsored MP, Eric Varley telling Labour’s National Executive Committee: “King Coal is back on his throne again. He is firmly established on it. No one can knock him off. The only way he can lose is by abdication.”

    Varley was referring to the industry and most likely to the leadership of the NUM at that time – Joe Gormley and his gravelly voiced communist deputy, Mick McGahey. But if there was ever a human personification of King Coal, that must surely have been the late Alf Robens, chairman of the National Coal Board (NCB), whose Daimler number plate famously bore the letters “NCB 1″ and who shuttled around the coalfields in an executive plane. It was Robens who may have presided over the shrinking of the industry by half in the 1960s, but it was also Robens who offered up a now-heretical nostrum that Britain should restrict cheap coal imports because it undermined the heavy investment in the domestic industry and threatened the jobs of those who mined it.

    I first visited Maltby in 1982, where a friend’s father was a face-worker in the colliery. This was before Margaret Thatcher coined the phrase “the enemy within” to describe miners who went on strike to halt her planned ideological assault on the industry. Maltby then was much as it is now, with its allotments, pigeon lofts and friendly banter. The street names next to the Miners Welfare Club are named after a succession of Labour leaders: Lansbury Grove, Attlee Close, Gaitskell Close and Hardie Close.

    Britain’s last remaining miners became industrial travellers over the past 15 years, moving from pit to pit as they shut. I meet Clare with her daughters at the Maltby march. Her husband has worked at a succession of local mines, and now commutes to one of the last remaining ones, Hatfield Main. “He wanted to be here today, but they wouldn’t let him,” she says, as we head with banners flying to the welfare club.

    Sadly, the years of defeat had led finally to major recriminations among the dwindling membership of the once mighty NUM, whose battalions, Harold MacMillan once declared, should, like “Eton and the Guards”, never be provoked. Steve Mace, a local official at Maltby, speaks darkly of impending battles with “the national leadership”. That national leadership, in the shape of Chris Kitchen, recently saw off former NUM president Arthur Scargill in the courts over a bitter row involving his occupancy of a flat owned by the union in the Barbican.

    Inside the Welfare Hall, a middle-aged couple are doing a brisk trade in commemorative coasters that read: “Keep calm, Maltby and carry on!” while the union banners are laid against the wall. The place is heaving, as queues snake inside to reach the bars. Outside, children play in Hardie Close in the first of the very late spring sunshine. In the distance, set back against a grey mountain of coal waste a century in the making, stands Maltby’s monumental winding gear, silent and brooding.

    Fission Energy Corp.: Drilling at Waterbury Expands Mineralization at Western Area of J Zone

    Category : Stocks

    KELOWNA, BRITISH COLUMBIA–(Marketwired – April 5, 2013) - FISSION ENERGY CORP. (“Fission” or the “Company”) (TSX VENTURE:FIS)(OTCQX:FSSIF) and its Limited Partner, the Korea Waterbury Uranium Limited Partnership (“the Waterbury Consortium”), are pleased to announce that the Winter 2013 drill program on its Waterbury Lake property is now complete. A total of 68 drill holes and 11 restarts were completed comprising 21,012.9 meters. The program focused on the delineation and growth of the J Zone. Drilling was segregated into areas A, B and C within the J Zone (see attached map) and the primary objective was expansion of the zone both west and north of the known mineralized area. Area C drill results recorded significant mineralization in several holes, including widths of up to 22.5m (WAT13-346).

    Read more: Fission Energy Corp.: Drilling at Waterbury Expands Mineralization at Western Area of J Zone

    Post to Twitter

    UpRight Pools Is Gearing Up for Summer Sales With a New Online Marketing Campaign

    Category : World News

    OCALA, FL–(Marketwired – Apr 4, 2013) – UpRight Pools has just announced a brand new internet marketing campaign to prep for the summer time. They have aligned with First In Results, a full-service internet marketing company in Ocala, Florida. Summer time in the Florida area is full of potential business and UpRight Pools is optimistic of their brand new marketing campaign. Here’s what Ryan Gandy, the owner of UpRight Pools had to say.

    See the original post here: UpRight Pools Is Gearing Up for Summer Sales With a New Online Marketing Campaign

    Post to Twitter

    Buyer Group International, Inc. (BYRG: OTC Pink Current) | CORRECTION: Letter to Shareholders

    Category : Stocks, World News

    P R E S S

    Post to Twitter

    Pre-Marketing: March Madness and investors

    Category : Stocks

    How the tournament affects investor moods. Also: Not enough homes to meet demand. And the Bay Area’s bacon-wrapped economy.

    Read more: Pre-Marketing: March Madness and investors

    Post to Twitter