Wall Street News Alert Issues Special Alert on AVRG! December 4, 2007
Market Wire, December, 2007
Wall Street News Alert's "stocks to watch" this morning are: Advanced Resources Group (PINKSHEETS: AVRG), Synchronoss Technologies, Inc. (NASDAQ: SNCR), Acura Pharmaceuticals, Inc. (OTCBB: ACUR) and China Finance Online Co., Limited (NASDAQ: JRJC).
The current price of gold is now trading around $800 per ounce, which means investors should have Advanced Resources Group (PINKSHEETS: AVRG) on their radars. Monday after the markets closed, the company issued a press release announcing that it has entered into a processing agreement with Western Precious Metals, LLC (WPM) of Silver City, New Mexico to process 100,000 tons of its certified gold stockpile. The agreement was executed by the parties on November 13, 2007.
This is great news. The press release states that under the terms & conditions of the agreement, WPM expects to commence production on or before: June 1st, 2008, at the rate of ten (10) troy ounces of 999.5 purity gold bullion per day with a guaranteed yield of two (2) troy ounces per ton.
The contract requires an increase in production rate to one hundred troy ounces of gold bullion per day within eighteen (18) months. According to the press release, further company projections indicate the expansion of production of gold bullion through the implementation of additional agreements and facilities reaching as high as two hundred (200) ounces per day, during the same period.
In addition to the above production schedule, under the terms of the agreement WPM grants AVRG the right of first refusal for additional processing of 100,000-ton increments, of the remaining 800,000 tons of certified slag concentrates at the same two (2) troy ounces per ton.
The agreement fixes the cost of processing to AVRG at two hundred eighty six US dollars ($286.00) per delivered troy ounce of gold bullion, adjusted annually according to posted average costs of production nationally.
Wall Street News Alert is placing Aggressive Investors on alert to monitor the progress of Advanced Resources Group! President / C.E.O. Richard Dunning, stated that, in essence, AVRG now has the potential to produce in excess of 2 million troy ounces of gold bullion over the next 10 years, and has a projected asset value of over 2 billion U.S. dollars, at current gold prices.
Mr. Dunning further stated, "With gold currently trading well around $800.00 per troy ounce, AVRG' s current asset base is approaching two hundred million U.S. dollars ($200,000,000)!"
Prior to the latest press release, the stock closed Monday at Twenty Nine cents a share.
For an in-depth profile of Advanced Resources Group, visit http://www.WallStreetNewsAlert.com/HotStocks/AVRG120307/default.aspx
To view all of Wall Street News Alert's special early morning trading alerts for this morning, visit www.WallStreetNewsAlert.com , where you may also sign up to receive free email alerts in advance of our press releases being issued.
Synchronoss Technologies, Inc. (NASDAQ: SNCR) up 10.7% on 1.5 million shares traded. Synchronoss Technologies is the premier provider of on-demand transaction management software to Tier One communications service providers. Synchronoss enables service providers to drive growth in new and existing markets while delivering an improved customer experience at lower costs.
Acura Pharmaceuticals, Inc. (OTCBB: ACUR) up 6.7% on 415,000 shares traded. Acura Pharmaceuticals, Inc. is a specialty pharmaceutical company engaged in research, development and manufacture of innovative Aversion® (abuse deterrent) Technology and related product candidates.
China Finance Online Co., Limited (NASDAQ: JRJC) up 2.5% on 3.2 million shares traded. China Finance Online Co. Limited is the market leader in providing online financial and listed company data, information and analytics in China.
Market Commentary:
"Secretary of the Treasury Henry Paulson is having meetings in Washington D.C. with major banks including Citigroup, Wells Fargo, and Washington Mutual and mortgage provider Countrywide Financial. They are trying to formulate a process that will help many of the more than 2 million homeowners that will have rates adjusting in the next 12 months. One option mentioned was some type of 'freeze' on the rates," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com .
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