Picks & Shovels & Dirt Looks at Aurizon Mines Ltd., Taseko Mines Ltd., and Canadian Superior Energy Inc.
Market Wire, January, 2008
Comments made in this release are those of Maybach Financial Group and any questions or comments should be directed to the contact information located at the bottom of this release.
Maybach Financial Group is a syndicate of investment researchers compiling research from major analysts and fund managers. Our focus is to give investors the financial advantage necessary to sustain profit all markets. This week, to gauge the outcome of the markets, we are focusing on, Aurizon Mines Ltd (AMEX: AZK), Taseko Mines Ltd (AMEX: TGB) and Canadian Superior Energy Inc. (AMEX: SNG). For the full report visit http://www.maybachfinancial.com/register.php
The Maybach Financial Group www.maybachfinancial.com will be researching the above-mentioned companies to determine their chances of a turnaround opportunity for investors. Visit http://www.maybachfinancial.com/register.php for a complimentary subscription to the Maybach service and receive at no cost our and "Special Report #1: Protecting Our Future," and "Special Report#2: Hearing is Believing." No credit card or payment information is required.
Buried treasure has been at the core of many adventure stories for a millennia. From ancient Greece, to Rome, to Egypt there have always been those who spent their lifetimes in pursuit of riches beyond imagination. Whether artefacts of a bygone age, gold & silver bullion or coins from sunken ships, or brilliant gems embedded in rock trying to find the lost and hidden, men will suffer hardships untold for the smallest chance of successfully removing it from its prison.
Governments are after their share as well. Officials in impoverished Zambia have proposed increasing the taxes paid by foreign mining companies in order to cash in on the copper boom. A hike in the royalties paid on copper earnings is also being considered. Accounting for more than 60% of Zambia's economy, copper is the lifeblood of this small South African country.
Mining companies from Australia, Canada, India and China are heavily invested in the Zambia's mining industry. Finance Minister, Ng'andu Magande, said, "The mining sector under this framework will begin to adequately contribute to the advancement and the social and economic welfare of the people of Zambia."
Aurizon Mines Ltd (AMEX: AZK) up $0.03 (0.74%) to $4.09 mid-day Friday, with a volume of 288,905, it is nipping at the heels of its 52 week high of $4.65. 2008 is a year of exploration and development for Aurizon with an anticipated 13 million plus being invested into activities on company properties. Positive results in 2007 at the Casa Berardi mine paint a rosy picture for 2008 with an estimated production of between 160,000 and 170,000.
Taseko Mines Ltd (AMEX: TGB) up 2.82% or $0.109 to $3.97 at mid-day Friday. With trading volumes of 1,466,940, the stock is sitting nicely in the middle of its 52-week range of $2.11-$6.27. According to a fact sheet released this month, Taseko is positioned for growth as its Gibraltar Mine is expected to produce an average of 120 million pounds of copper and 1.5 million pounds of monybdenum per year. They have re-initiated activities at the Prosperity Gold-Copper deposits and are bringing the Harmony Gold Deposit on line as well.
Canadian Superior Energy Inc. (AMEX: SNG) gained 3.30% or $0.119 to $3.73 at end of day trading on Friday, with share volumes of 819,430, pushing very close to its 52 week high of $3.99. The acquisition plans, announced earlier this month, between Canadian Superior and Seeker Petroleum will see Canadian Superior offering either $0.85 cash for each common share in Seeker or 0.2285 Canadian Superior common stock. Seeker's President and CEO said, "Canadian Superior offers our shareholders the opportunity to merge into a well capitalized, public company with listings on both the TSX and AMEX. In addition, our shareholders will continue to have exposure to the Seeker assets while being able to participate in a larger production base and Canadian Superior's high impact international projects.
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We've seen oil markets spike, we've seen oil markets fall. We've seen wars, we've seen terrorist attacks. Chances are that the events that occur have a short term impact when you consider the overall factors of a 5-year forecast. We need to learn to take advantage of these economic factors. Think of homeland security.
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