Resinco CP (RIN.TO) - Neustart mit langfristiger Erfolgsaussicht (Seite 92)

[Hanfy]

Resinco Capital earns $5.89-million in Q1

2012-04-30 09:37 ET - News Release

Mr. John Icke reports

RESINCO CAPITAL PARTNERS INC. RELEASES Q1 2012 RESULTS AND PROVIDES LOAN FACILITY

Resinco Capital Partners Inc. has released its financial results for the three months ended March 31, 2012. The Company posted a net profit of $5,894,000 ($0.05 per share (basic)), versus a net loss of $7,603,000 ($0.06 loss per share (basic)) for the same period in 2011. At period end, the Company held investments with a fair value of $15.5 million ($0.125 per share), compared to $9.2 million ($0.076 per share) at December 31, 2011.

Resinco realized a gain of $244,000 on the sale of marketable securities during the quarter and recorded an unrealized investment gain of $6,001,000, compared to a realized gain of $1,068,000 and an unrealized loss of $8,165,000 for the same period in 2011.

John Icke, President and CEO commented: "The first quarter of 2012 generated a marginal improvement in performance as compared to the fourth quarter of 2011. Positive momentum, in terms of our composite portfolio valuation, has been an arduous journey as a consequence of the ongoing global economic malaise which is fuelled by what appears to be weekly incidents that erode investor confidence. The key investments in our small portfolio continue to publish excellent progress and we can only hope that our investors show patience and confidence in the longer-term underlying asset value that we have."

The Company also announces that it has entered into an agreement with Teslin River Resources Corp. (TSX VENTURE:TLR) ("Teslin") whereby Resinco will provide Teslin with a loan facility for up to three hundred thousand dollars ($300,000). The terms of this agreement would see funding available on an as needed basis bearing an interest rate equal to prime plus 4%. In conjunction with this loan, Resinco will be paid a one-time administrative fee of twenty five thousand dollars ($25,000) plus a one-time bonus of three hundred thousand (300,000) common shares of Teslin, issuable as the loan facility is drawn down, such that two hundred thousand (200,000) shares will be issued upon receipt of regulatory approval and the balance of one hundred thousand (100,000) shares will be issuable upon the later of receipt of regulatory approval and the aggregate draw down by Teslin of one hundred thousand dollars ($100,000) of the loan. The loan or portion thereof will become fully due and payable by December 31, 2014.

Resinco currently owns a 29.90% interest in the capital of Teslin, and this interest will be increased to 30.27% with the payment of the above mentioned bonus shares. As Resinco is a control person of Teslin, the loan is a 'related party transaction' within the meaning of Multilateral Instrument 61-101.

We seek Safe Harbor.

http://www.stockwatch.com/News/Item.aspx?bid=Z-C:RIN-1952097…

[Hanfy]

Antwort auf Beitrag Nr.: 43.093.077 von Hanfy am 26.04.12 18:18:17

Teslin River receives $300,000 loan from Resinco

2012-04-27 20:43 ET - News Release

Also News Release (C-RIN) Resinco Capital Partners Inc

Mr. John Icke of Teslin reportsreports

TESLIN RIVER RESOURCES CORP. ENTERS LOAN FACILITY AGREEMENT WITH RESINCO CAPITAL PARTNERS INC.

Teslin River Resources Corp. has entered into an agreement with Resinco Capital Partners Inc., whereby Resinco will provide the company with a loan facility for up to $300,000. The terms of this agreement would see financing available on an as-needed basis bearing an interest rate equal to prime plus 4 per cent. A one-time administrative fee of $25,000 plus a one-time bonus of 300,000 common shares of Teslin River Resources will be paid in conjunction with this loan facility, issuable as the loan facility is drawn down, such that 200,000 shares will be issued upon receipt of regulatory approval, and the balance of 100,000 shares will be issuable upon the later of receipt of regulatory approval and the total drawdown by the company of $100,000 of the loan. This loan or portion thereof will become fully due and payable by Dec. 31, 2014.

Financing will be used for general working capital and to service current payables until the company is able to secure alternative financing arrangements. The loan is subject to receipt of regulatory approval.

Resinco currently owns a 29.90-per-cent interest in the capital of the company. This interest will be increased to 30.27 per cent with the payment of the above-mentioned bonus shares. As Resinco is a control person of the company, the loan is a related-party transaction within the meaning of Multilateral Instrument 61-101 (incorporated by reference into TSX Venture Exchange Policy 5.9). As a related-party transaction, the following additional disclosures are provided (following the listing of disclosures in Section 5.2 of MI 61-101).

The review and approval process that has been adopted by the directors for this transaction is as follows:

The independent members of the board of directors of the company approved the borrowing of the funds;
The company has determined that distribution of an information circular to shareholders, preparation and distribution of a formal valuation, and seeking of shareholder approval of the loan is not necessary under MI 61-101 (including TSX-V Policy 5.9, which incorporates such policy by reference), because the transaction being a loan if drawn down to the full amount representing 10.7 per cent of the market capitalization of the company, the loan transaction falls with an exemption to the minority approval requirements described in Section 5.7(1)(a) of MI 61-101 and the disinterested directors of the company (those other than John Icke and Hein Poulus) have all approved the transactions.

www.stockwatch.com/News/Item.aspx?bid=Z-C:TLR-1951878&symbol…

[Hanfy]

aktualisiert:

WOF - Corporate Presentation
http://www.woulfemining.com/i/pdf/presentations/presentation…

[Hanfy]

Uranium Energy Corp's CEO Amir Adnani to Speak at the Milken Institute Global Conference

Canada NewsWire

CORPUS CHRISTI, TX, April 25, 2012

NYSE Amex Equities Exchange Symbol - UEC

CORPUS CHRISTI, TX, April 25, 2012 /CNW/ - Uranium Energy Corp (NYSE-AMEX: UEC, the "Company") is pleased to announce that the Company's President and CEO, Amir Adnani, will speak at the Milken Institute Global Conference on Monday, April 30, at 9:30am, at the Beverly Hilton in Los Angeles.

Mr. Adnani will participate in the panel discussion titled, "Natural Advantage: Canadian-U.S. Energy Resources." Also participating on the panel will be Kevin Lynch, Vice Chairman, BMO Financial Group, Rick Grafton, CEO and Chief Investment Officer, Grafton Asset Management; and Patrick Avery, President and CEO, Prospect Global Resources Inc. Moderator of the 1-1/4-hour panel discussion will be Conrad Kiechel, Director of Communications, of the Milken Institute Center for a Sustainable Energy Future.

Panelists will address key policy issues involving the strong energy advantages of North America, which holds huge reserves of shale natural gas, oil sands and uranium. How can the U.S. and Canada use these natural resources to improve regional energy security? What policies will foster long-term investment?

The Milken Institute's 15th Annual Global Conference brings business and policy leaders to Los Angeles to explore solutions to urgent economic and social challenges. The Milken Institute is a non-profit, independent economic think tank whose mission is to improve the lives and economic conditions of diverse populations around the world by helping business and public policy leaders identify and implement innovative ideas for creating broad-based prosperity.

About Uranium Energy Corp

Uranium Energy Corp. is a U.S.-based uranium production, development and exploration company operating North America's newest uranium mine. The Company's fully licensed and permitted Hobson processing facility is central to all of its projects in South Texas, including the Palangana in-situ recovery project, which is ramping up production, and the Goliad in-situ recovery project which has been granted its Mine Permit and is in the initial stages of construction. The Company's operations are managed by professionals with a recognized profile for excellence in their industry, a profile based on many decades of hands-on experience in the key facets of uranium exploration, development and mining.

http://www.stockwatch.com/News/Item.aspx?bid=U-C8947-U%3aUEC…

[Hanfy]

Antwort auf Beitrag Nr.: 43.075.735 von Hanfy am 23.04.12 15:28:47

WOF-board:

Warren Buffett invests $70.1 mn to reopen S. Korea’s tungsten mine

The Sangdong Mines, located in Yeongwol-gun, Gangwon Province of South Korea, will be reopening 18 years since its closure in 1994 as Warren Buffett decides to invest in the strategic metal.


Gangwon Province, Yeongwol-gun, and Iscar Metalworking Companies (IMC) will be signing a memorandum of understanding (MOU) Wednesday for a C$70 million (Canadian dollars, 80 billion Korean won) investment, people familiar with the matter disclosed Tuesday.

Through this agreement, IMC will be acquiring shares of Sangdong Mining to obtain mining rights for the Sangdong Mines. The mined products will be used to produce tungsten powder and other related industrial products.

Tungsten is a core industrial metal used to make a wide variety of products including light bulb filaments, auto parts, weaponry, electronics, and golf clubs. Tungsten prices had taken a heavy blow in the past when China’s overproduction and exports resulted in global oversupply. As China starts conserving its strategic resources and switching to imports, however, tungsten values have floated up and it is now classified a key strategic metal alongside other rare earth metals.

The global market price of tungsten had dropped to $38 per 10 kilograms (kg) in 1994, but has since grown more than 12-folds to reach $450. This price recovery also greatly improved the economic feasibility of tungsten mining and production of other tungsten products.

The Sangdong Mines are estimated to hold a tungsten reserve of 103 million tons (t), which can sustain mining activities for the next 100 to 200 years.

Gangwon Province believes IMC’s investment will directly create eight million jobs and indirectly help settle 120 new local manufacturers as existing manufacturers relocate and new businesses sprout.

[Written by Hong-gu Jee - Samji Chung / edited by Soyoung Chung]

http://news.mk.co.kr/newsRead.php?year=2012&no=249468

http://www.stockhouse.com/Bullboards/MessageDetail.aspx?s=WO…


Here's the article from Metal-Pages

Woulfe sticks with molybdenum, bismuth mining plan at South Korea mine

SÃO PAULO (Metal-Pages) 24-Apr-12. Woulfe Mining says it will push ahead with plans to mine molybdenum and bismuth, despite cost figures not appearing in a feasibility study published on Monday for the Sandong tungsten mine.

Incomplete testwork on molybdenum and bismuth samples led executives to push on with publication of the already delayed study, said Woulfe CEO Brian Wesson, who expects them to be published in an update in the next three months.

“The thing makes good money the way it is and to get the numbers into the market was important,” Wesson told Metal-Pages.

As part of the ore body annual molybdenum production at Sandong is estimated at 600,000 lbs in addition to a 'few thousand tonnes' of bismuth, Wesson added.

Using Canadian costs the feasibility study put capital expenditure -- including contingencies -- at $151.3 million, though Wesson says the figure should fall when taking to account South Korean costs.

Production over an initial 11.5 year mine life was expected to start in the first quarter of 2013, but that could now slip back to the middle of next year, depending on the delivery of mill processing equipment, Wesson said.

Wesson previously said the mine could contain another 30 years worth of tungsten reserves, but that will now only be confirmed in a future update as drilling continues.

Sandong, previously hailed as the world’s largest tungsten mine, was closed in 1992 after 40 years when the bottom fell out prices of prices in the face of Chinese competition.

Once up and running at full capacity in June next year Sandong the site is expected to annually produce 4,000 tonnes of APT.

Tungsten APT is currently fetching $430-440/mtu in Europe, having reached $460-500/mtu in May 2011.

At the end of February Woulfe announced a deal with IMC International Metalworking Companies under which IMC will provide a C$5 million in loans Sangdong.

IMC -- 80% owned by US billionaire Warren Buffet’s Berkshire Hathaway -- has also agreed to acquire a 25% stake in Sangdong for C$35 million in cash.

At the same time, Woulfe and IMC have agreed to establish a Korean joint venture company owned 45% by Woulfe and 55% by IMC.

Woulfe will invest up to C$15.75 million and IMC C$19.25 million into the joint venture to build a tungsten processing plant buying concentrate from Sangdong to be turned into tungsten APT.

IMC agreed to make available to Woulfe a loan for Woulfe’s portion of the joint venture.

The APT joint venture has agreed to acquire no less than 90%, and up to 100%, of Sangdong’s tungsten concentrate production in relation to an off-take agreement guaranteed by IMC.

IMC has agreed to acquire between 90-100%, of the joint venture’s production under to a separate off-take deal.

Most, if not all of the material, will go mainly to South Korean toolmaking companies.

The Canadian dollar is close to parity with the US currency.

-By John Evans in São Paulo ([e-mail])

http://www.stockhouse.com/Bullboards/MessageDetail.aspx?s=WO…

[Hanfy]

Woulfe Mining Reports NPV US$400m With 46% IRR Sangdong Feasibility

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 23, 2012) - Woulfe Mining Corp. (TSX VENTURE:WOF)(OTCQX:WFEMF)(FRANKFURT: OZ4) ("Woulfe" or the "Company") is pleased to announce the results of a National Instrument 43-101 compliant feasibility study for its 100% owned Sangdong Mining Project located in South Korea.

Brian Wesson, CEO/President, commented, "This robust feasibility study marks a significant milestone in the development of the Sangdong tungsten project and sets in motion our strategic partnership with IMC and the finalising of the funding for the entire project, moving to production 2013."

Preface

TetraTech WEI Inc. (Tetra Tech) an independent engineering company with extensive experience in mining and tungsten conducted feasibility and have concluded as follows:-

NPV 8% US$400.3 Million
IRR 46%
Breakeven 2.2 years
Initial Capital US$151.3 Million (includes 7.5% contingency and capital associated with stockpiling 200 Kt of pre-production ore)

The feasibility study is based on mining 1.2Mt from the Main and Footwall ore bodies above the valley floor (probable tungsten reserve 13.3Mt @ 0.425% WO3 with a cut-off of 0.24%WO3). The feasibility considers a window of 11.5 year mine life based on reserves. Infill drilling is ongoing in the eastern hanging wall and western extensions of all three mineralised zones above the valley floor with a view to further upgrading the 53.9 Mt of inferred resources and extending the mine life.

[...]

http://www.marketwire.com/press-release/woulfe-mining-report…

[hasi22]

Antwort auf Beitrag Nr.: 43.066.419 von Hanfy am 20.04.12 15:45:52

hat sich drüben ausgewirkt !

T.RIN 0.055 +0.010 +22.22% volume 398.19 k

[Hanfy]

Resinco® Capital Partners Inc. Releases March 2012 Unaudited Net Asset Value Per Share

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 20, 2012) - Resinco® Capital Partners Inc. ("Resinco") (TSX:RIN)(FRANKFURT:L6V) announces that it is publishing its net asset value (NAV) for the end of March 2012. As of March 30th, 2012 Resinco's unaudited NAV per share was $0.124. The closing price of $0.055 on March 30th, 2012 represents a 56% discount to the NAV.

Use of Non-GAAP Financial Measures

NAV is a non-GAAP financial measure calculated as the value of total assets less the value of total liabilities divided by the total number of common shares outstanding as at a specific date. The term NAV does not have any standardized meaning according to GAAP and therefore may not be comparable to similar measures presented by other companies. There is no comparable measure presented in Resinco's financial statements and thus no applicable quantitative reconciliation for such non-GAAP financial measure.

About Resinco® Capital Partners Inc.

Resinco (Resource Investment Company) is a global investment company that specializes in providing early stage financing to private and public exploration and mining companies in the hard rock minerals, precious metals, rare-earth minerals, oil, gas, water and renewable energy markets.

For more information on Resinco, please visit www.resincocp.com.

On behalf of the Board of Directors

RESINCO® CAPITAL PARTNERS INC.:

John Icke, President and CEO

http://www.marketwire.com/press-release/resincor-capital-par…

[Hanfy]

Antwort auf Beitrag Nr.: 43.065.827 von rotie1 am 20.04.12 13:53:29

PNP ist größer, bekannter und kein pennystock und zieht imo bei einem akt. NAV von ca. 350mio CAD mehr interessenten an.

der name RIN (und deren chart) ist da in verbindung mit großen banken, korea zinc, IMC/buffet & co. und einem akt. NAV von ca. 14mio. da wohl nicht so attraktiv, auch wenn RIN mehr WOF-shares hält als PNP.

und da mr. icke auch im WOF-board sitzt, wird er damit wohl einverstanden sein..

[rotie1]

Warum steht in der neuesten Präsentation als großer Shareholder nicht mehr Resinco, sondern Pinetree?!
... haben sich wohl verschrieben, oder?