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Tantalum heading 15% higher & CCE-v at 0.35
drox20003
posted on 9/12/2008 12:27:55 AM | 26 reads | Post
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Commerce Resources (CCE-v) is another brutalized victim of over-selling, the latest high volume selloff coming from funds forced to liquidate their junior resource holdings. We are, incredibly, in the mid 30's. In these markets, anything is possible, however at this price one must take a serious look. CCE is on the road to becoming the world's next major tantalum miner - and the price of tantalum is set for a 15% price increase.
CCE's fundamental situation has been improving steadily from Day One, with their multi-billion dollar tantalum deposit moving toward the ultimate goal of production. It's also nice to know CCE completed a $33 million financing at $1.20/share about a year ago - most of which they still have. In these times where funds have run dry for most juniors, CCE is comfortably sitting on millions of dollars, enough to get them through the toughest times without sweating, and perhaps even pick up a fantastic deal or two along the way.
The funds have been used to accelerate all initiatives, including 2 drill rigs going non stop at their massive Blue River deposit, and a sweeping exploration program at a very highly prospective niobium prospect in Quebec (the Eldor).
See article below. This is an opportunity the bottom fisher cannot pass up.
(RTTNews) -Praxair Electronics, a division of industrial gases company Praxair Inc. (PX: News ),on Wednesday announced a worldwide price increase of 15% on tantalumproducts with immediate effect or as customer contracts otherwisepermit. The company said that the action was being taken in response torapidly escalating raw material costs related to the mining andrecycling of tantalum and tantalum ore. The company noted that in somecircumstances, the price adjustments would be higher or lower.
Tantalumis a chemical element that is highly corrosion-resistant and occursnaturally in the mineral tantalite. The major use for tantalum, as themetal powder, is in the production of electronic components.
DavidStrauss, managing director of deposition materials, Praxair Electronicssaid, "Praxair Electronics will be working with our worldwide customersto expand tantalum recycling programs and other productivity measures,such as long life targets, in order to mitigate the effect of the priceincrease."
Praxair Electronics is a supplier of process gasesas well as gas handling and distribution systems to the semiconductorand photovoltaic industries.
PX closed Wednesday's regular trading session at $82.98, up $1.07 or 1.31% on a volume of 2.49 million shares.
by RTT Staff Writer