Jason Shade submits:
Yucheng Technologies Inc. (YTEC) (3.55), saw its stock price cut in half following its dismal earnings report Friday. The provider of IT services and software solutions to the Chinese banking sector missed on both revenues and earnings per share.
The report obviously came as a shock to YTEC investors. However, I found a greater surprise in the comments made by Weidong Hong, Chairman and CEO of YTEC.
OTTAWA, ONTARIO – (Jan. 29, 2010) – Melkior Resources Inc. (TSX VENTURE:MKR) (“Melkior” or the “Company”) resumed drilling on its 100% owned Carscallen Gold property in West Timmins on January 18th, 2010. This is the recommencing of a 10,000 metre program planned for completion during the spring of 2010. Three diamond drill holes are now completed, totaling 783 metres. The first two holes tested the 1010 zone at a vertical depth of 200 metres. The third hole was an exploration hole based on mobile metal ion (MMI) anomaly with a coincident Induced Polarization (IP) anomaly. 103 assays have been submitted to ALS Chemex in Timmins, Ontario.
The drill has moved to the 650 metres long Zam-Zam Shenkman zones and a series of holes are planned to test the zones at a vertical depth of approximately 400 metres.
IP surveys are underway to extend the Zam-Zam zone northward. IP completed in December 2009 has shown the zone to continue south from the Shenkman portion.
Melkior holds a significant land position in West Timmins. Presently the Carscallen Gold property is the most significant and Melkior’s current focus.
Melkior’s 100% owned holdings in West Timmins are as follows:
1. Carscallen Gold 101 claims, 1616 hectares, contiguous to Lake Gold Corp and 5 kilometres west of the West Timmins mine.
2. Big Marsh 91 claims, 1456 hectares, located in Carscallen township and 2 kilometres north of Melkior’s Carscallen Gold project.
3. Bristol 12 claims, 192 hectares, located in the northwest corner of Bristol township and contiguous to Lake Shore Gold Corp.
4. Fripp 16 claims, 256 hectares, located in Fripp township and 16 kilometres southeast of the West Timmins mine.
Melkior holdings in West Timmins total 220 claims and cover a surface area of 3520 hectares.
In addition to Melkior’s West Timmins holdings, the company holds 100% interest in claims in Loveland, Shaw and Eldorado townships for a total of 379 claims and 6064 hectares.
This Press Release was prepared by Jens E. Hansen, P.Eng, President of Melkior a Qualified Person under National Instrument 43-101.
Investors are invited to visit the Melkior IR Hub at http://agoracom.com/ir/Melkior where they can post questions and receive answers or review questions and answers already posted by other investors. Alternatively, investors are able to e-mail all questions and correspondence to MKR@agoracom.com where they can also request to be added to the investor e-mail list to receive all future press releases and updates in real time.
About Melkior:
Melkior is a junior exploration company with active exploration projects in West Timmins and the Mc Faulds “Ring of Fire” areas of Ontario. Melkior also holds a 49% interest in the Delta Kenty nickel-copper-platinum-palladium deposit in Ungava and has several other gold properties in Ontario and Quebec.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This press release may contain forward-looking statements that are subject to known and unknown risks and uncertainties that could cause actual results to vary materially from targeted results. Such risks and uncertainties include those described in Melkior’s periodic reports including the annual report or in the filings made by Melkior from time to time with securities regulatory authorities.
For more information, please contact
Melkior Resources Inc.
Jens E. Hansen, P. Eng.
President
613-721-2919
613-680-1091 (FAX)
melkior@rogers.com
www.melkior.com
SeekingValue submits:
QLT, Inc. (QLTI) will look to some like a failed pharmaceutical company with only one drug on the market, the sales of which have dropped almost 80% over the past 4 years. I propose another perspective: a small biotech with huge amounts of cash, one product on the market covering most of their expenses, a promising pipeline, plus enough past successes to suggest they can bring some more drugs out of the pipeline.
In early 2008 QLT was a small pharmaceutical company with three drugs on the market. The three drugs were Aczone for acne, Eligard for prostate cancer and Visudyne for AMD (age-related macular degeneration). QLT was small, so they hadn’t developed them all alone, but they had 50% or larger stakes in each.
David Hunkar submits:
The Russell 2000 Index measures the performance of about 2000 U.S. small cap stocks. The stocks are selected based on market cap and current index membership.
The index components are rebalanced annually so that larger stocks do not distort the performance of this pure small cap index. As of December, 2009 the average weighted market cap is $1.0 B and the largest company by market cap is about $5.6B. Financial services, technology, consumer discretionary, health care and producer durables form the top5 sectors in this index.
Davis Freeberg submits:
Many investors tend to focus on large well established companies, but I’ve always had a penchant for small cap stocks. It could be my masochistic tendencies, but I prefer the risk/reward of a long shot, over companies who already dominate their market. Typically, my investment style has been to seek out strong brands that have fallen out of favor with the market and then wait for their fortunes to improve. Sometimes this involves waiting for years, sometimes it involves taking a complete loss and sometimes I get lucky and other firms step in and buy them out or bid up the price. Since a few of my readers have inquired about what sorts of things I look for in an investment, I thought I’d present a list of 25 small cap stocks that I currently have my eye on. Most of the data has been taken from Yahoo! finance as of 1/26/2010, so it’s probably a good idea to double-check the numbers.
1-800-Flowers (Market Cap = $136.47 million Ticker: FLWS) – Ever since United Online (UNTD) purchased FTD, 1-800-Flowers seems to have lost market share, but despite their wilting fortunes, they represent a strong brand in a market with limited competition. After cutting operating expenses by $50 million in the second half of 09 and with Valentine’s day just around the corner, I wouldn’t count this one down and out.