Globe Specialty Metals, Inc (NASDAQ:GSM) announced that it will report second quarter fiscal 2011 financial results and will discuss GSM’s business outlook on Wednesday, February 9, 2011. GSM invites all interested persons to participate on its conference call at 9:00 a.m., Eastern Time. The dial-in number for the call is 877-293-5491. International callers should dial 914-495-8526. Please dial in at least five minutes prior to the call to register. The call may also be accessed via an audio webcast available on the GSM website at http://investor.glbsm.com/events.cfm, Click on the February 9, 2011 Conference Call link to access the call.
Globe Specialty Metals, Inc., together with its subsidiaries, produces silicon metal and silicon-based alloys.
Proper Power and Energy, Inc. (PPWE.OB) wholly owned subsidiary, American Resources, Inc. (ARI), has begun production on its 87.5 acres in Western Kentucky.
ARI has completed the re-work on all 4 wells, with those wells online and pumping. “This is an exciting day for us,” stated Proper Power President, Andrew Kacic. “This is the beginning of production for Proper Power in Kentucky, and we look forward to increasing our presence.”
PPWE reported the next stage of its Western U.S. operations. The Company met with the executives of Thrust Resources Inc. and EQ Resources Inc.. The meeting focused on a joint venture for the Central Utah Prospect between the Companies. This was the initial meeting between Clint Brower, CEO and Chairman of EQ Resources, and Andrew Kacic, the newly named President of Proper Power & Energy Inc. Their next steps will be circulating a memorandum of understanding followed upon definitive agreements.
Note: Much of the world’s oil (more than 2 trillion barrels) is in the form of tar sands, although it is not all recoverable. While tar sands are found in many places worldwide, the largest deposits in the world are found in Canada (Alberta) and Venezuela, and much of the rest is found in various countries in the Middle East. In the United States, tar sands resources are primarily concentrated in Eastern Utah, mostly on public lands. The in-place tar sands oil resources in Utah are estimated at 12 to 19 billion barrels.
Proper Power & Energy is an independent exploration and production company. The Company’s operations are in Kentucky, which provides for low risk developmental drilling and production, and Utah, which the Company controls over 11,000 acres for its exploratory prospect. Renowned geophysicist and consultant to Proper Power, Robert Dunbar, believes the Utah prospect could hold up to one billion barrels of recoverable oil.
For more information about this company please visit http://properpower.com/
Maxwell Technologies, Inc. (NASDAQ:MXWL) announced that it is introducing a 56-volt ultracapacitor module designed specifically to address the short-term ride-through and bridge power requirements of uninterruptible power supply (UPS) systems for mission-critical installations such as data centers, hospitals, factories and telecommunication facilities. The new product will be on display at the DistribuTECH Conference and Exhibition, which opens tomorrow at the San Diego Convention Center.
Maxwell Technologies, Inc. develops, manufactures, and markets energy storage and power delivery products, and microelectronic products.
Orofino Gold Corp. (ORFG.PK) is a China based Gold and Silver Exploration Company founded as a private company in 2009 by former executives with over 50 cumulative years in mining exploration, finance, and development expertise. Orofino’s corporate objective is to continue to build shareholder value through the exploration and development of Senderos de Oro and additional accretive acquisitions, capitalizing on the extensive experience and relationships that management has developed over the past 25 years.
ORFG has projects such as La Azul, San Carlos and Culo Alzado. La Azul is one producing artesanal mine in the Senderos de Oro area controlled by Orofino, it is a mixed sequence of predominantly volcanic rocks with the vien systems comprised of high grade chalcopyrite, galena and sphalerite with pyrite in quartz viens.
The Senderos de Oro Project is comprised of more than 3000 hectares of Gold and other mineral concessions in the minera mining area of central Sur de Bolivar. The Project resembles the La Bodega and Vetas California Projects, currently being explored and developed by Canadian Exploration Company Ventana Gold, for which EBX recently extended an unsolicited tender offer of $1.3 Billion.
“Lots of people buy gold because they’re worried about inflation”, stated Dennis Gartman, who manages hundreds of millions of dollars of investments — including some $25 million in gold. “They’re worried the dollar — and the euro, and the yen — are going to lose value.”
Investors generally look at gold as a hedge or safe haven against any economic, political, social, or fiat currency crises (including investment market declines, burgeoning national debt, currency failure, inflation, war and social unrest). The gold market is also subject to speculation as other commodities are, especially through the use of futures contracts and derivatives.
For more information about this company please visit http://www.orofinogold.com
Lakeland Financial Corp. (NASDAQ:LKFN) announced that it will build a regional headquarters building in Indianapolis. The Company announced that construction will begin in mid-March at the northwest corner of 96th and Meridian Streets and is expected to be completed in October. The building will encompass 11,000 square feet, and will be home to the Company’s existing Indianapolis commercial lending staff and provide direct access to every commercial and retail financial services product that the Bank offers. In addition, the building has been designed to specifications that the Company believes will qualify for LEED Silver certification and the Company will seek certification upon completion of the building.
Lakeland Financial Corporation operates as a holding company of Lake City Bank, which provides various commercial and retail banking, wealth advisory, and investment management services in Indiana.
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