Hot Stock to Watch -- GYGC! June 12, 2008
June 12 2008 - 9:35AM
Marketwired
MIAMI, FL , Exxon Mobil Corporation (NYSE: XOM), Potash
Corporation of Saskatchewan Inc. (NYSE: POT) and The Mosaic Company
(NYSE: MOS).
Guyana Gold Corp. (PINKSHEETS: GYGC) continues its string of
positive news, and the company should have the attention of
investors. Early this morning, the company, a junior mineral
exploration company, issued a press release announcing that it has
received a joint venture proposal to develop the Port Kaituma Gold
Project.
Great News for GYGC! The proposal would expand the company's
land position and increase the scale of the Port Kaituma project.
Guyana Gold Corp. had received a number of joint processing
proposals and has now expanded those proposals to include ownership
in the Port Kaituma project. Guyana Gold Corp.'s plans are to build
a modern processing facility at Port Kaituma with far greater
recovery rates of gold. The new joint ownership presents an
excellent opportunity for Guyana Gold Corp. to increase revenue,
expand mine life and accelerate the capital recovery costs of
modernizing the Port Kaituma mine.
Eduard Aronov, President of Guyana Gold Corp., stated, "The Port
Kaituma projects may realize many potential synergies leading to
accelerated development of deposits on the joint venture property.
The potential Joint Venture partner is preparing a geological
information package and Guyana Gold Corp. will report updates as
they become available."
The Port Kaituma property is located in the administrative
region in Guyana. The main mineral interests in Guyana are gold,
diamond and bauxite and, recently, semi-precious stones. According
to the release, the property is currently producing 100 ounces of
gold per month and recently announced the purchase of additional
equipment to increase its production to about 250 ounces per
month.
Before the news was released, GYGC closed Wednesday at Forty Two
cents a share.
For Stock Market Alerts' in-depth profile of Guyana Gold, visit
http://www.wallstreetenews.com/HotStocks/GYGC061108/default.aspx.
Other Stocks of interest yesterday were:
Exxon Mobil Corporation (NYSE: XOM) up 0.8% on 24 million shares
traded.
Exxon Mobil Corporation engages in the exploration, production,
transportation and sale of crude oil and natural gas.
Potash Corporation of Saskatchewan Inc. (NYSE: POT) up 1.1% on
14.9 million shares traded.
Potash Corporation of Saskatchewan Inc. is the world's largest
fertilizer enterprise producing the three primary plant nutrients
and a leading supplier to three distinct market categories:
agriculture, with the largest capacity in the world in potash,
second largest in nitrogen and third largest in phosphate; animal
nutrition, with the world's largest capacity in phosphate feed
ingredients; and industrial chemicals, as the largest global
producer of industrial nitrogen products and the world's largest
capacity for production of purified industrial phosphoric acid.
The Mosaic Company (NYSE: MOS) up 3.9% on 12.1 million shares
traded.
The Mosaic Company is one of the world's leading producers and
marketers of concentrated phosphate and potash crop nutrients.
Mosaic is a single source provider of phosphates and potash
fertilizers and feed ingredients for the global agriculture
industry.
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 has not received compensation for services performed for
Guyana Gold Corp. (PINKSHEETS: GYGC). However, the company
maintains a contractual working relationship with Wall Street
Capital Funding (WSCF) which has been compensated Four Hundred
Thousand shares of Guyana Gold Corp, by a third party (Nikolas
Capital Inc.), who is non-affiliated and may hold a significant
position in the stock. WSCF holds Three Hundred and Fifty Three
Thousand, Nine Hundred and Fifty Six of those shares as of this
release, and intends to immediately continue selling its shares as
this release is being circulated. WSCF was also previously
compensated in 2008, Ten Thousand Dollars for services performed
for Guyana Gold Corp. (PINKSHEETS: GYGC), by a separate third
party, who is non-affiliated and may hold a significant position in
the stock, for services provided including dissemination of company
information in this release. Because compensation was received,
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 advertising company
and therefore, this release should be viewed for informational
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