Gold and Silver in Nevada: Pinetree acquires two million La Quinta shares laq.v, bvg.c, bva.v, tnr.v, ng.to, grc.to, amm.to, ktn.v, gbn.v, rvm.to, mgn, asm.v, sgc.v, ngq.to, btt.v, alk.ax, nem, fcx, bvn, auy, abx,

  This company is now on the Mass Media offensive with the number of articles and very active web presence, but PineTree Capital involvement now warrants further research, whether there is any serious substance to the assets of this company. Volume is coming in to this stock and chart looks positive for accumulation stage.

  We knew the company before and it has been crashed with its Congo projects in DRC upon mining licenses revision and following financial meltdown, now the same team makes a come back into junior market place. 

  Investors will be looking for the undervalued plays in this area among gold and silver stocks, which did not catch fire yet with rising gold price. PineTree Capital's holding of 14.4% percent talks about ability of the team to attract some interest to its projects and they have some money after recent financing - next move will be the key to the valuation.

Ubika Research: A view from the field


"La Quinta is a junior exploration company actively seeking mineral opportunities for the benefit of all our stakeholders. Currently the Company's geological team who have almost 100 years of experience are focused on exploring for gold and silver on its Easter Project and Black Jack property in Nevada. The Easter Project is an epithermal gold-silver play which has previously been drilled with 121 holes outlined a 43-101 compliant resource of 2.6 million tons at 1.3 g/t gold (0.038 oz/t) and 14 g/t silver (0.4 oz/t)within an area of gold mineralization with a strike length of at least 6,450 feet and widths up to 90 feet. Its Black Jack project is an early-stage silver exploration target sited on old mine workings with prior small-scale private production."

StockWatch:

Pinetree acquires two million La Quinta shares


2010-11-17 13:32 ET - News Release

See News Release (C-PNP) Pinetree Capital Ltd
Mr. Sheldon Inwentash of Pinetree reports


PINETREE CAPITAL LTD. ACQUIRES SECURITIES OF LA QUINTA RESOURCES CORPORATION

Pinetree Capital Ltd., on Nov. 16, 2010, acquired ownership of two million common shares and two million common share purchase warrants of La Quinta Resources Corp. Each warrant entitles the holder thereof to acquire one additional common share at a price of 10 cents until May 9, 2011, and at a price of 15 cents until Nov. 9, 2011. In the event that the warrants are fully exercised, these holdings represent approximately 5.8 per cent of the total issued and outstanding common shares of La Quinta as of Nov. 16, 2010, calculated on a partially diluted basis assuming the exercise of the warrants only. As a result of this transaction, Pinetree held, as at Nov. 16, 2010, a total of 7,999,500 common shares of La Quinta, including the common shares, and rights to acquire an additional two million common shares of La Quinta upon exercise of certain convertible securities, including the warrants. In the event that the convertible securities are fully exercised, the holdings of Pinetree represent a total of 9,999,500 common shares of La Quinta, or approximately 14.4 per cent of all issued and outstanding common shares as at Nov. 16, 2010, calculated on a partially diluted basis assuming the exercise of the convertible securities only.

This transaction was made for investment purposes, and Pinetree could increase or decrease its investment in La Quinta depending on market conditions or any other relevant factor."

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