Silver in Montana: Revett to roll back shares SEEKS STOCK EXCHANGE LISTING IN THE USA rvm.v, 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,

Looks like we are going to have one more out of a very few pure Silver games in town, where mutual funds will be allowed to invest and get their exposure to the Silver market - it is very interesting development from Revett Minerals. Backing from Silver Wheaton makes all the difference in this story as well.

"Revett Minerals breaks to the upside on volume today. Liquidity is coming back into the junior mining sector and record Gold prices are driving attention to Silver, which is at 30 year high. Now, after confirmation of Gold bull market, Silver will advance its way outperforming Gold with Inflation coming into the market place with every freshly printed Treasury Bill.

"Gold bears always mention Silver non-confirmation of the recent Gold Bull Run - and they are right up to the certain point. Gold performs its function as a real wealth preservation in both Inflationary and Deflationary environments. Silver, with its industrial usage in electronics, needs more conviction that the FED will win its battle against Deflation Death Spiral and Inflation will be in the headlines for years to come. It is time for us to write up on our Silver squad from our Summer 2010 Top Picks.

We will start today with Revett Minerals - one of survivors of 2008 Hedge Fund Junior Market Crash. With Revett Minerals you have a potential to bet on Silver multiplied by company's advance with Rock Creek mine permit. This story has its own history, but silver is still safely stored in the ground and any advance further in this project development will bring a very high leverage to the future Silver move in the market. When insiders are putting money into this story we have more comfort with this situation as in all our other bullish stories and Silver Wheaton investment to preserve its stake is a very good indication of its bet on this developing story. We had a very nice ride on Silver Wheaton, as you remember, it is time to test their investment skills."

"If these accusations will be confirmed, the mere fact of such manipulation can drive Gold and Silver prices much higher - buyers will demand the physical delivery of both metals. As Warren Buffett has put it - "When the tide will be gone - we can see who stays without the trunks". Silver market just can not provide delivery on all contracts including futures and ETF - it will be the Mother of Short Squeeze. Do not bet your farm on it, but we are moving into the right direction. We will address you to the Jim Puplava and his interviews with Erick Sprott and David Morgan.

Silver and Gold in the ground - Junior mining companies with solid projects will be the next game in town now. M&A activity will drive valuations in this sectors.

Today's call - from the World Bank "to debate the return of the Gold Standard" - we are finding just fascinating and it would be unbelievable just a few months ago. We can expect some tree shaking and corrections now in Gold and Silver markets, but they will only provide more buying opportunities to those who seeks ones."

Revett to roll back shares 1 to 5 on Nov. 19

2010-11-17 12:30 ET - News Release

Mr. John Shanahan reports

REVETT ANNOUNCES SHARE CONSOLIDATION AS IT SEEKS STOCK EXCHANGE LISTING IN THE USA

Revett Minerals Inc. will consolidate (reverse stock split) its common shares on a one-to-five basis. The consolidation will be effective for trading purposes on Nov. 19, 2010.

Shareholders voted in favour of a share consolidation at the annual and special meeting held on June 16, 2010, giving the board authority to implement a share consolidation. The board decided to implement the share consolidation for the purpose of seeking a stock exchange listing in the United States. The company will remain listed on the Toronto Stock Exchange. Following the consolidation, the total issued and outstanding common shares of the company is 32,421,636 basic and 36,069,436 fully diluted.

A letter of transmittal is being mailed to registered shareholders today. Registered shareholders wishing to receive a new share certificate evidencing their postconsolidation shares must complete the letter of transmittal and follow the instructions contained in the letter of transmittal. Shareholders owning shares through a broker or other nominee will have their positions automatically adjusted and will not be required to take any action in connection with the share consolidation.

Revett recently announced third-quarter earnings of two-U.S.-cents per share from the generation of $4.2-million (U.S.) operating cash flow from the Troy mine. The company has also recently announced completion of its debt restructuring program and is now free of corporate debt.

John Shanahan, president and chief executive officer, stated, "The stock exchange listing that we are pursuing in the United States marks the completion of our corporate restructuring efforts and paves the way for us to reach a broader base of institutional and retail investors while complimenting our current TSX listing."

We seek Safe Harbor."

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  We know Avino Silver for years and we have only one problem with this company - their goal "Resume production as quickly as possible" is in the market for the last five years at least. So far progress was very slow at least. But it is a junior mining silver play, even with sleeping management silver will not be able to slip from the company's property. Question is how much do they actually have? In the beginning of Silver boom years ago they had some kind of a huge bogus number posted of historical resources, which have disappeared with more strict reporting. Now we think with resent silver prices everything with the word silver could fly and Avino Silver definitely has some goods. The most important is that its Mill could justify market value of the company alone. We are pleased to see, finally, good results from ongoing exploration program.

"Avino Silver & Gold Mines is an experienced, Vancouver based mining and exploration firm with properties in Mexico and Canada.

The company's primary goal is to reactivate the Avino silver-gold-copper-zinc-lead mine in Mexico, which Avino operated for 27 years beginning in 1974. Low metal prices and the closure of a key smelter forced the operation to close in 2001.

Current metal markets and high-grade discoveries on the property's San Gonzalo vein have greatly improved the economics and feasibility for potential production.

Since 2007, Avino has invested in extensive rehabilitation and modernization of the mill. A 10,000-tonne bulk sample in 2010 is expected to move the project closer to a production decision.

Our key objectives for 2010:

Execute the San Gonzalo bulk sample program.

Continue developing the San Gonzalo resource

Resume production as quickly as possible

Expand resources, reserves and the mines output

Identify and explore new targets on the property

Avino also holds precious metals properties in British Columbia and the Yukon Territory.

Stockwatch:

Avino samples 0.8 m of 5,522 g/t Ag at San Gonzalo

2010-09-28 12:13 ET - News Release

Mr. David Wolfin reports

AVINO ASSAYS UP TO 0.80 M OF 5,522 G/T AG & 1.304 G/T AU AT SAN GONZALO

Avino Silver & Gold Mines Ltd. has released an update of the continuing underground development at its San Gonzalo project at the Avino property in Durango, Mexico.

Avino's mine contractor, DMG, has been driving two declines, the upper level 1 (2,306-metre elevation) and lower level 2 (2,260-metre elevation). Both levels intersected the San Gonzalo vein, level 2 has intersected the San Gonzalo vein and a splay vein. These are known as San Gonzalo vein 1 (SG1) and San Gonzalo. They are shown on a plan map on Avino's website.

DMG drifted along both San Gonzalo and San Gonzalo 1 on both levels 1 and 2. To the northwest, both levels broke into the old San Gonzalo workings and DMG is now driving a raise to connect the two levels.

Avino is pleased with the minable widths and excellent grades found to date on SG1 in its underground development program. Avino has now outlined the areas on the San Gonzalo vein 1 where stope preparation for production will commence in the next few days. As shown on the plan map on Avino's website the results shown in the attached table are from west to east."

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We are monitoring Sell Signal in US Treasuries. Treasury Bubble 2.0 is in action. On the grand scheem of things this Second Top could become a multi year Double Top reversal in Treasuries. We are entering the generational bear market in USTs.

US Dollar makes the same technical picture even with advance warning.

Gold has made another all-time-high and is breaking out to the upside from Cup and handle formation.

Finally, Silver has confirmed Gold move and made a thirty year high breaking out to the upside.

We expect further fireworks in Gold and Silver juniors. Lithium and REE will be next.


 

Looking for Catalyst.

One of the major catalyst which can trigger redistribution of liquidity is on the chart above. We have a Sell signal in long term Treasuries. Maybe, our Treasuries Bubble is really ready to pop this time. Bear market, upcoming crash and Deflation are so much advertised now that it is time to take a contrarian approach again and take the side of the FED.

Next couple of weeks will be very important for Silver and Gold market: all announcements by Obama about new economic initiatives should confirm Bernanke's "We will use everything what is necessary". It should translate into sell off in treasuries, lower Yen against the US Dollar and lower US Dollar against the other currencies. Silver should break out to the upside above USD 20/Oz confirming Gold upside move.

First Gold will make new all-time high, second will be M&A play: Majors will shop for Juniors with resources in the ground. Here is the double-game - Gold is moving up and Majors' production and Reserve Base is going down. If you like more leverage you are welcome to Silver market. Place to be is in stories will strong management, growing resources and stable political situations. Markets will be volatile by all means and political tensions will be driving this Gold Bull as well."

MarketWatch:

Sept. 17, 2010,



Rise in gold sector M&A raises eyebrows

Big miners build quality reserves as gold prices rise to new heights

 

By Myra P. Saefong, MarketWatch

TOKYO (MarketWatch) — Deal activity in the gold mining sector has reached a record this year and left investors wondering what else is on the miners’ agenda.

“The increased level of M&A activity [mergers and acquisitions] and high prices being paid for gold mining assets suggest that the industry itself is confident that gold’s rise of recent years is set to either continue or consolidate at higher levels,” said Mark O’Byrne, director at GoldCore.

On Thursday, gold futures (COMMODITIES:GCZ10) settled at a record high of $1,273.80 an ounce in New York. See Thursday’s Metals Stocks column.

Chilean president on miner rescueChilean President Sebastian Pinera discusses the progress of the operation to rescue the 33 miners trapped underground since August 5.

“Recent years have been lean and tough for the gold mining sector even with the gradual increase in prices (some 16.5% per annum),” said O’Byrne. “The healthier-looking outlook and realization that gold prices could remain at these levels and higher for the foreseeable future are leading to a sea change in outlooks — from one of survival to one of growth and expansion.”

And gold miners have indeed been determined to expand.

Gold-related M&A volume is at the highest year-to-date level on record, according to data from Dealogic, whose M&A coverage records began in 1995. Year to date, as of Sept. 15, there have been 507 announced gold-mining-related deals valued at $29.6 billion, compared with 407 valued at $15.0 billion in 2009, Dealogic said.

“The healthier-looking outlook and realization that gold prices could remain at these levels and higher for the foreseeable future are leading to a sea change in outlooks — from one of survival to one of growth and expansion.”

Mark O’Byrne, GoldCore

Among the top three deals announced this year in value, excluding debt: Newcrest Mining Ltd.’s (PINK:NCMGF) (AUSTRALIAN:AU:NCM) acquisition of Lihir Gold Ltd. (AUSTRALIAN:AU:LGL) valued at $9.76 billion; Kinross Gold Corp.’s (NYSE:KGC) (THE:CA:K) pending buy of the outstanding shares it doesn’t already own in Red Back Mining Inc. (THE:CA:RBI) for $7.2 billion; and Goldcorp Inc.’s (NYSE:GG) (THE:CA:G) $3.4 billion pending acquisition of Andean Resources Ltd. (AUSTRALIAN:AU:AND) (PINK:ANDPF) .

“More deals are to come as long as the price of gold spirals higher,” said Sam Subramanian, editor of AlphaProfit Sector Investors’ Newsletter.

Small companies, big targets

In most cases, it’s been, and probably will continue to be, big miners choosing to acquire smaller exploration companies because of the amount of time involved in bringing a mine to production and a lack of quality gold reserves, analysts said.

“The small to mid-tier companies with the higher-grade assets are the ones that will likely be targeted first because the margin for error is less,” said Ralph Aldis, co-manager of the U.S. Global Investors World Precious Minerals Fund (NASDAQ:UNWPX) .

UNWPX 21.09, +0.31, +1.49%

22201816JJAS

The precious-metals fund Aldis focuses on small- to mid-tier mining companies. “Those are the ones that are seeing the flurry of deals,” he said.

“They generally have the specialty and expertise to scour the earth looking for reserves and many have already put in the hard work,” he said, adding that he also looks for management who have done this before because “experience really matters.”

Brien Lundin, editor of Gold Newsletter, said some of the likely acquisition targets may include Keegan Resources Inc. (THE:CA:KGN) (CONSOLIDATED:KGN) , with its Essase gold property in Ghana; International Tower Hill Mines Ltd. (CONSOLIDATED:THM) (THE:CA:ITH) , with its Livengood gold deposit in Alaska; and Kaminak Gold Corp. (PINK:KMKGF) (TSX:CA:KAM) , with its Coffee project in Canada. Lundin owns positions in Keegan and Kaminak.

“The major companies have always relied upon the more nimble and aggressive junior exploration companies to make discoveries,” he said. “Once a small company has outlined a significant new deposit, the big boys swoop in and take over the smaller operation.”

“The majority of the M&A activity we’ll see in the months ahead will center around big producers buying up exploration outfits that have large deposits to their credit,” said Lundin. “There are just too many large-scale, undeveloped deposits out there waiting to be bought by someone.”

Supply constraints

The rise in M&A activity may also be a sign of the mining sector’s struggle against falling output.

“At the moment, the gold industry is struggling to keep annual gold production around the 2,500 tons level,” said Julian Phillips, an editor at GoldForecaster.com. “There are many exploration and royalty companies out there who are constantly looking for new deposits all over the world.”

“Companies like Randgold Resources Ltd. (NASDAQ:GOLD) do their own exploration and keep adding to reserves and developing new reserves, but others like Kinross buy small shareholdings in companies that look as though they might have found good deposits,” he said.

M&A activity helps to “replace spent gold deposits, and bear in mind that it takes around 5 years to bring a mine from discovery to production,” said Phillips. “Now there is a serious shortage of good potential deposits.”

“It’s doubtful you’re going to see any major supply increases because the depletion rate of many of the senior producers is faster than the rate they can purchase new assets.”

Ralph Aldis, U.S. Global Investors

Data from the U.S. Geological Survey show that world gold production peaked at 2,600 tons in 2001, falling to 2,350 tons in 2009.

“This happened despite 10 consecutive years of higher prices and this is leading some analysts to believe that we may have reached ‘peak gold’,” said O’Byrne, referring to speculation that global gold production has reached its maximum level and is poised to see a gradual decline.

But the consolidation in the gold mining sector won’t necessarily lead to rising production and efficiencies.

“It’s doubtful you’re going to see any major supply increases because the depletion rate of many of the senior producers is faster than the rate they can purchase new assets,” said U.S. Global Investors’ Aldis. “Their hope is to really keep production flat, not necessarily see an increase.”

Good for the gander, not for the goose

Despite their best efforts, however, gold miners have seen their shares underperform gold’s price gains in recent years and most analysts aren’t surprised.

“Why would an investor who is seeking leveraged exposure to gold also expose their portfolio to the risk of labor strikes, sub-par drill results, increasing fuel costs, infrastructure problems, unstable governments, uncertain foreign-taxation schemes, poor management and the myriad of other risks associated with mining/exploring for precious metals,” said Sam Kirtley, chief executive officer of SK Options Trading.

“The simple answer is a rational investor wouldn’t, and for the large part investors aren’t,” and that’s why gold stocks have been underperforming, he said.

So “although this M&A activity may be in the best interest of the mining company, in terms of maintaining a profitable and sustainable business, gold speculators are not looking for strong earnings or consistent dividends, they are looking for rapid capital gains in relation to the gold price,” Kirtley said. “Most are not here to profit from the next takeover deal, but from the next $100 move up in gold.”

Eventually, gold stocks may embark on a large rally, he said. In the meantime, there is a “bull market in gold that investors do not want to miss out on.”

Trading options on exchange-traded funds, such as the i-Shares Silver Trust (CONSOLIDATED:SLV) and SPDR Gold Trust (CONSOLIDATED:GLD) , can offer “more leverage to gold and silver prices,” said Kirtley. “This is why we are using options as our primary method of trading this bull market and gaining leverage to rising precious-metals prices.”

“If an investor does not wish to have this leverage, then simply buying SLV [ETF], GLD [ETF] or physical bullion should work just fine,” he said."



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Gold in Canada: Goldstone Resources Fight is on for the Hardrock deposit GRC.to, PG.to, GG, NEM, FCX, GDX, ABX, RGLD, TCK, AUY, BVN

Sometimes a little bit of emotion could do a miracle to the share price. Company has the owners and markets likes it.

We have a full blown fight for the company now and there are nice huge crosses in the market today.




Recent Trades - Last 10 of 11


Time ET Ex Price Change Volume Buyer Seller Markers

09:59:58 T 0.42 0.01 1,000 7 TD Sec 33 Canaccord K

09:51:55 T 0.41 0.00 1,000,000 1 Anonymous 1 Anonymous K

09:35:58 T 0.41 0.00 14,000 33 Canaccord 1 Anonymous K

09:35:21 T 0.41 0.00 1,985,500 27 Dundee 1 Anonymous K

09:30:00 T 0.41 0.00 333 33 Canaccord 7 TD Sec E

09:30:00 T 0.41 0.00 33 33 Canaccord 85 Scotia E

09:30:00 T 0.41 0.00 5,000 27 Dundee 7 TD Sec K

09:30:00 T 0.41 0.00 500 27 Dundee 85 Scotia K

09:30:00 T 0.41 0.00 4,000 27 Dundee 85 Scotia K

09:30:00 T 0.41 0.00 5,000 27 Dundee 2 RBC K

"Updated August, 27th 2010.

 

PHILIP CUNNINGHAM RESPONDS TO GOLDSTONE NEWS RELEASE REGARDING EXPLORATION DRILLING HALT

We have one more sleeping beauty for our Summer 2010 collection - Goldstone Resources - Premier Gold is drilling Hardrock property like a Swiss cheese and pulling up one gold intersections better that the other every time, deposit will grow in its size by the next resource estimation. Why the stock is performing so miserably even with Gold at the all-time-high? Other shareholders maybe know the answer:

Things are boiling up in this junior, hopefully steam will be released soon with share price to the upside."

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• Gold in Canada: Goldstone Resources: Premier Gold drills 16.5 m of 3.16 g/t Au at Hardrock GRC.to, PG.to, TNR.v, NGQ.to, SGC.v, AMM.to, VTR.to, MGN, ASM.v, EPZ.v, BTT.v, GBN.v, RVM.to (sufiy.blogspot.com)
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• Premier - Drilling Continues to Expand Near-surface Gold Zones at Hardrock (newswire.ca)
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• Philip Cunningham requisitions meeting of shareholders of Goldstone Resources Inc. (newswire.ca)

Gold in Canada: Goldstone Resources: Premier Gold drills 16.5 m of 3.16 g/t Au at Hardrock GRC.to, PG.to, TNR.v, NGQ.to, SGC.v, AMM.to, VTR.to, MGN, ASM.v, EPZ.v, BTT.v, GBN.v, RVM.to

Updated August, 27th 2010.
We have one more sleeping beauty for our Summer 2010 collection - Goldstone Resources - Premier Gold is drilling Hardrock property like a Swiss cheese and pulling up one gold intersections better that the other every time, deposit will grow in its size by the next resource estimation. Why the stock is performing so miserably even with Gold at the all-time-high? Other shareholders maybe know the answer:

Things are boiling up in this junior, hopefully steam will be released soon with share price to the upside.

Goldstone director comments on exploration halt




2010-08-27 09:13 ET - News Release


Mr. Philip Cunningham reports



PHILIP CUNNINGHAM RESPONDS TO GOLDSTONE NEWS RELEASE REGARDING EXPLORATION DRILLING HALT



Philip Cunningham, a director and the largest shareholder of Goldstone Resources Inc., today questioned information relayed by the news release issued yesterday by Goldstone which announced that the company's geologists at its Key Lake property had resigned following Mr. Cunningham's delivery to Goldstone and its board of directors of a requisition for a special meeting of shareholders.



"At the outset, it is important to note that the news release was issued without being reviewed by, and without the approval of, the board of directors of Goldstone," Mr. Cunningham stated. "In addition, the decision to halt exploration drilling at the Key Lake property was not reviewed with the board. Unfortunately, this is common practice."



Mr. Cunningham added: "The clear intent of the Goldstone news release is to infer that the resignations of the contract geologists were caused by, or are somehow related to, the delivery of my requisition. This disclosure is highly misleading. I have been informed that the simple truth is that the contract geologists had raised certain concerns with management over a period of months which culminated in a meeting on Friday, Aug. 20, 2010, between management and the geologists. At this meeting, the geologists informed management that, if their concerns and frustrations were not resolved, they would resign. As a result, on Monday and Tuesday of this week, the geologists left the company."


Goldstone director Cunningham seeks director changes

2010-08-23 16:18 ET - News Release

Mr. Philip Cunningham reports

PHILIP CUNNINGHAM REQUISITIONS MEETING OF SHAREHOLDERS OF GOLDSTONE RESOURCES INC.

Goldstone Resources Inc.'s director and largest shareholder, Philip Cunningham, has delivered to Goldstone and its board of directors a requisition for a special meeting of shareholders, pursuant to Section 105(1) of the Business Corporations Act (Ontario). The meeting has been requisitioned for the purpose of removing Gary Conn and Alan Ferry from the board as well as to fill the resulting vacancies by electing Morris Prychidny, a financial consultant, and Paul F. Little, president of Westover Investments Inc.

Mr. Cunningham owns and controls 10,881,110 common shares of Goldstone, representing approximately 11.1 per cent of the outstanding common shares."

Premier Gold drills 16.5 m of 3.16 g/t Au at Hardrock

2010-08-25 10:21 ET - News Release

See News Release (C-PG) Premier Gold Mines Ltd

Mr. Ewan Downie reports

PREMIER - DRILLING CONTINUES TO EXPAND NEAR-SURFACE GOLD ZONES AT HARDROCK

Drilling continues to delineate significant near-surface gold mineralization in multiple zones at Premier Gold Mines Ltd.'s Hardrock project in Northwestern Ontario. Current drilling is focused on expanding and defining near-surface, open-pit-style mineralization, in addition to defining multiple zones of higher-grade mineralization that are expected to comprise resources amenable to underground mining methods. Highlights from recent drilling include:

The identification of two primary high-grade lenses within the NN zone horizon. Intersections in the newly identified East lense have returned up to 13.05 grams per tonne gold (g/t Au) across 4.1 metres (m) or 0.38 ounce per ton across 13.5 feet.

Infill and expansion drilling further defines the EP zone (open pit) target, with intersections of up to 3.16 g/t Au across 16.5 m (0.09 ounce per ton across 54.1 feet), 7.1 g/t Au across nine m (0.21 ounce per ton across 29.5 feet) and 5.43 g/t Au across 10.2 m (0.16 ounce per ton across 33.5 feet).

Deep drilling in the North and F zones continues to intersect impressive gold values, suggesting excellent resource potential proximal to and below existing mine workings. Further results from this drilling are expected in the near future.

NN zone drilling

The near-surface portion of the NN zone has now attained a strike length of approximately 600 metres. Recent drilling has been focused on defining narrower, underground-style mineralization down plunge and at depth below the previously announced, near-surface, NI 43-101 resource estimate at Hardrock. Of particular significance, drilling has identified two lenses of higher-grade gold mineralization, both of which remain wide open for expansion. Highlight intersections include 13.05 g/t Au across 4.1 m (0.38 ounce per ton across 13.5 feet) in hole MM160 from the new eastern high-grade lense that was identified when following up a previously drilled intersection of 4.93 g/t Au across 10.5 m (0.14 ounce per ton across 34.4 feet), and previously announced intersections within the main NN zone that returned 22.97 g/t Au across 24.8 m (0.67 ounce per ton across 81.4 feet) and 8.14 g/t Au across nine m (0.24 ounce per ton across 29.5 feet). Follow-up drilling down plunge of these intersections is under way. New drill results from the NN zone are contained in the relevant table.

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Peak Oil: Oil shock ‘likely’ within decade, warns UK Energy Secretary TNR.v, TSLA, CZX.v, RM.v, LIT.v, LI.v, WLC.v, CLQ.v, FCX, RTP, HEV, AONE, VLNC,

"Will we wait until it is too late? You would expect that with all recent news from the Gulf about Oil Spill there will be a very intensive discussion about alternative way of powering our lives and Green Revolution in transportation will be in focus of mass media. It is not the case yet - there will be a tough road ahead of us.


"This report: "Global Energy Crunch: How different parts of the world would react to a peak oil scenario" by Joerg Friedrichs is a must read for all investors and Obama administration. We guess that actually Obama knows better than many others that there is NO More Cheap Oil Left. With Oil Spill in the headlines and late realisation about the scale of this catastrophe all dreams about cheap oil will vanish, but question remains open: what Obama will be able to chose? Are we grown up enough to push him to endorse new technologies and get off from the Oil addiction or we will witness the Crash of Empire fighting wars which will benefit only few and destroy lives of billions?"

UK is very persistent in sounding an alarm about coming Peak Oil and what it means to the world economic system. Electrification of transportation is the only commercially available option to survive our life style now. It is well under way now in Asia and hopefully US corp will not lose this opportunity to reignite growth and save its economy from the Oil Shock. Access to Lithium and REE supply will gain a geopolitical significance as strategic advantage for basis of new electricity based mobility.

Image by madaboutasia via Flickr

"Jim Puplava has made a segment with James Dines on Uranium, Gold and Rare Earths recently. James Dines gave a very interesting description about beginning stage of the real Bull market. We think that Lithium is exactly at the same stage now: people look at the sector, but do not realise its real potential. James Dines has already started the fire in REE market space in Spring 2009."

FT:

Oil shock ‘likely’ within decade, warns Huhne
By Fiona Harvey and Alex Barker




Energy secretary Chris Huhne wants to toughen European Union emissions-cutting targets, angering some Tories


Britain is “very likely” to face an oil shock within the next decade, triggering economic volatility as fraught with “nasty surprises” as the 1970s, the energy secretary has warned.

Chris Huhne told the Financial Times that Britain was in danger of becoming as vulnerable to price spikes as before the discovery of big North Sea oilfields, leaving the economy open to “very severe blows”.

His forecast of a looming energy crisis came in an interview where Mr Huhne admitted that “nuclear is going to play a part in the energy mix”, but declined to guarantee state support for low carbon manufacturing.

The energy secretary is a pivotal figure in the coalition who must implement a nuclear policy his own party has opposed, while fighting his corner in one of Whitehall’s toughest budget negotiations to protect cherished green policies from the Treasury axe.

Mr Huhne is pushing to toughen the European Union’s emissions-cutting target from 20 per cent by 2020 to 30 per cent, angering some businesses and Tories, who fear rising costs.

But when asked whether energy bills must increase to meet the government’s green agenda, Mr Huhne instead highlighted the dangers of an era of erratic oil prices.

“The world we’re going into isn’t going to be a world where the oil price will be $80 a barrel flat for ever, or $150 a barrel flat for ever,” he said. “It will be a world where we will have very substantial oil price spikes, which have an enormous capacity to provide shocks to the domestic economy and to the world economy, exactly as they did in the 1970s and 80s.”

The only way in which to avoid such shocks, he said, was to invest heavily in energy efficiency and renewable sources of power.

“What worries me ... is that we’re moving from a world where the UK is dependent on imported energy for only 27 per cent of our needs, to a world where it’s going to be anything from 46 per cent to 58 per cent within 10 years,” he said.

“That puts us right back into the scale of energy import dependence that we were in back in the 1970s, when we suffered very, very severe blows as a result of the oil price shock.”

One of Mr Huhne’s biggest challenges is offering financial backing for low carbon, while at the same time finding 20 to 40 per cent savings from a budget that is in danger of being overwhelmed by nuclear decommissioning costs. Some “green” technology companies planning offshore wind turbine manufacturing facilities and carbon capture and storage plants are having second thoughts over investing in Britain because of the risk of the state withdrawing support.

Even so, Mr Huhne was unable to provide any assurances from a government that is borrowing “£1 of every £4” it spends. “Most businesses will recognise that when you are in that sort of situation with your cash flow, you have to take some pretty tough decisions,” he said.

However, Mr Huhne was confident that a new generation of nuclear power stations would be built, even without state subsidies – a condition of enforced austerity which some Lib Dems expected to scupper the programme.

“Nuclear will go ahead if investors come forward with proposals, as I think they will,” he said. “It’s very clear to me that nuclear is going to play a part in the energy mix, precisely because of the commitments that we’ve made in the coalition agreement.”

Rather than raising prices or imposing tough new laws, Mr Huhne promised to encourage take-up of energy efficiency measures and low-carbon technology through “a system of incentives, triggers and nudges”.

But government insiders admit that without a generous settlement from the Treasury, Mr Huhne will be forced to choose between ditching fuel poverty targets and his green ambitions or raising energy bills through increasing levies.

Mr Huhne said only that he would like to “simplify” the levies charged to businesses and consumers to help pay for low-carbon power."

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