SOURCE: Stock Market Alerts
|
May 11, 2007 08:25 ET
Friday's Stock to Watch: GNLM! May 11, 2007
NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by Stock Market Alerts.
MIAMI, FL--(Marketwire - May 11, 2007) - Stock Market Alert performance stock list
includes: General Metals Corporation (OTCBB: GNLM), Hecla Mining Company
(NYSE: HL), Newmont Mining Corporation (NYSE: NEM), & Royal Gold, Inc.
(NASDAQ: RGLD).
There is more news coming out of General Metals Corporation (OTCBB: GNLM).
Yesterday the company issued a press release announcing that the company
has set a record date of May 22, 2007 for shareholders of record to take
part in the proposed 11:10 forward stock split which is anticipated to be
approved at the annual and special general meeting scheduled for June 29,
2007, at the company's office in Reno, Nevada. The effective date of the
forward split will be shortly after its approval at the annual and special
general meeting.
We also reported earlier this week, that Market Advisors Research had
issued an Intermediate Term Range of $1.65 on the company's stock.
Highlights of the report include:
-- GNLM's experienced management team has a successful track record of
precious metal discovery and mine development.
-- The company's low forecasted cost of production makes it one of the
most highly leveraged of the junior gold & silver companies.
-- GNLM has every expectation that its silver discovery at Independence
will be further expanded through the current drilling programs.
-- General Metals now holds a predominant exploration position in the
best mining camp in Nevada with excellent potential for precious, base
metal and industrial mineral discoveries.
Once again, this is the second such report issued this week. Onyx Equity
Research just issued a Twelve-Month price target of $2.00 on the company's
stock. General Metals Corporation controls 100% of the Independence claims,
which are completely surrounded by Newmont Mining's Phoenix Mine and is a
240-acre island with legal access. Newmont enjoys 8.5 million ounces of
gold and 660 million pounds of copper in reserves with substantial
additional mineralized material, which is target to be upgraded. The
Phoenix Mine is the largest operating gold mine in the US.
The research reports can be seen through the link below.
For Stock Market Alerts' in-depth and updated profile of General Metals
Corporation, visit:
http://www.WallStreetENews.com/HotStocks/GNLM051007/default.aspx
Other Stocks of interest:
Hecla Mining Company (NYSE: HL) down 3.5% on 2.1 million shares traded.
Hecla Mining Company, headquartered in Coeur d'Alene, Idaho, mines,
processes and explores for silver and gold in the United States, Venezuela
and Mexico. A 116-year-old company, Hecla has long been well known in the
mining world and financial markets as a quality silver and gold producer.
Newmont Mining Corporation (NYSE: NEM) down 2.2% on 5.4 million shares
traded.
Newmont is one of the largest gold companies in the world. Headquartered in
Denver, Colorado, the company employs approximately 14,000 people, the
majority of whom work at Newmont's core operations in the United States,
Australia, Peru, Indonesia, and Ghana.
Royal Gold, Inc. (NASDAQ: RGLD) down 4% on 606,000 shares traded.
Royal Gold is a precious metals royalty company engaging in the acquisition
and management of precious metal royalty interests.
The advertisement is provided by Wall Street Enews, a division of Stock
Market Alerts LLC, an electronic broadcaster and publisher of this release,
and hereafter referred to as "the company". The company received
compensation for services performed for General Metals Corporation (OTCBB: GNLM). The compensation was forty-Eight thousand dollars in 2007
(forty-four thousand for previous services and four thousand for current
services) from third party, Onyx Consulting Group LLC, who is
non-affiliated and may hold a significant position in the stock. Because
the company received compensation for its services, there is an inherent
conflict of interest in the company statements and opinions and such
statements and opinions cannot be considered independent.
The information contained in this press release is for informational
purposes only, and not to be construed as an offer to sell or solicitation
of an offer to buy any security. The company makes no representation or
warranty relating to the validity of the facts presented nor does the
company represent or warrant that all material facts necessary to make an
investment decision are presented above. Stock Market Alerts LLC is an
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informational purposes only. The company relies exclusively on information
gathered on the public company, such as public filings, press releases and
its web sites. Investors should use the advertising information contained
in this release as a starting point for conducting additional research on
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Investing in the public company that this release is providing service for
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