Monday, December 31, 2012

Iona Energy Inc. - INA.v

Iona Energy - INA.v is engaged in oil exploration, primarily on the UK North Sea.









On December 28, 2012 the company released News

Iona Energy Inc. ("Iona" or the "Company") (TSX VENTURE:INA) is pleased to announce it has entered into a definitive Sale and Purchase Agreement with Carrizo Oil & Gas, Inc. ("Carrizo") to acquire the entire share capital of its wholly owned subsidiary, Carrizo UK Huntington Limited ("Carrizo UK"), including its interest in License P1114 of UK North Sea Block 22/14b including the near-producing Huntington oil field development ("Huntington"). In addition to customary closing conditions and purchase price adjustments, the transaction is subject only to final approval of the United Kingdom's Department of Energy and Climate Change ("DECC"), and is expected to close prior to the end of January 2013.

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Saturday, December 29, 2012

Stillwater Mining Company - SWC.n

Stillwater Mining Company - SWC.u.t is engaged in the development, extraction, processing, smelting, refining and marketing of palladium, platinum and associated metals from the J-M Reef, a geological formation in southern Montana.

The Company also owns the Marathon PGM-copper deposit in Ontario and the Altar porphyry copper-gold deposit in the San Juan province of Argentina.









On December 20, 2012 the media released News

NEW YORK, Dec. 20, 2012 /PRNewswire/ -- Clinton Group, Inc. ("Clinton") announced today that it has sent a letter to the board of directors of Stillwater Mining Company (NYSE: SWC) demanding changes to the strategy, operations and management of the Company. Clinton Group owns a significant stake in the Company.

The letter critiques the current management team and Board for a series of strategic missteps and bad acquisitions; operating with a bloated cost structure and marketing budget; and for issuing a high cost-of-capital convertible bond in October. The letter goes on to demand the Board take seven steps to improve the cash flow and operations of the business.

The letter also expresses the Clinton Group's view that the Company is undervalued and that taking the steps outlined in the letter can help stockholders realize fair value for the stock. The Clinton Group's valuation analysis concludes that fair value is approximately $21-23 per share.

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Thursday, December 27, 2012

Revett Minerals Inc. - RVM.t


Revett Minerals Inc. - RVM.t is a silver/copper producer from the flagship Troy Mine in Montana.

The Company expects to report production of 1.325 million ounces of silver and 10 million pounds of copper in 2012. P&P resources are estimated at 10.53 million tons @ 1.18 opt Ag & 0.47% Cu



On December 17, 2012 the company released NEWS

"Revett Minerals Inc. (NYSE MKT:RVM / TSX:RVM) announces that due to concerns with underground geotechnical conditions, it has temporarily suspended underground mining operations at its Troy Mine located in northwest Montana.

While it is believed that conditions have stabilized, a decision has been made in consultation with our geotechnical consultants and MSHA to install geophone monitoring devices and to begin recording and analyzing data in the coming days. The company will review ground conditions on a daily basis and will resume underground operations as soon as possible. At this stage, we believe it may take up to two weeks to assess, monitor and return to full operations."

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