Stocks to Watch: Gemini Explorations, Inc. (OTCBB: GXPI), Mexoro Minerals Ltd. (OTC BB:MXOM.OB) , RAIT Financial Trust (NYSE:RAS) , Xinhua Finance Media Ltd. (Nasdaq:XFML) , Axcess International Inc. (OTC BB:AXSI.OB)
Featured Stock: Gemini Explorations, Inc.
(OTCBB: GXPI)
Current Price (0.20)
GEMINI EXPLORATIONS INC PROVIDES SECOND PAYMENT TO ACQUIRE THE LOS CHORROS GOLD MINE
~Los Chorros Gold Mine: a producing gold project in Antioquia,
Calgary, AB -- November 7, 2007-- Gemini Explorations Inc, (“Gemini”) OTCBB: GXPI, is pleased to announce that it has executed the second payment of US$40,000 as outlined in the definitive agreement to acquire the Los Chorros Gold Mine, a producing gold property in the El Bagre-Zargoza mining district, department of Antioquia, Colombia. Gemini has acquired an 80 percent majority controlling interest in the property for the sum of U$100,000 and the issuance of 2,500,000 restricted shares of GXPI. The company has paid US$50,000 to date in two separate payments leaving US$50,000 to complete the acquisition. Gemini has first right of refusal to acquire the remaining 20 % interest in the mine within 18 months of the Effective Date.
The Los Chorros Mine is currently being mined with extremely antiquated equipment and Gemini believes that the project could be turned into a highly efficient producing gold project with low capital costs. Current mining operations at Los Chorros recover a low percentage of the available gold and precious metals present on the property. The plant would initially run at 30 to 50 tonnes/day with a targeted production rate of 100 tonnes per day during the first year. Gemini reported on November 5, 2007 that a 100 tonne per day production rate would produce US$1,080,280 monthly and over US$12,900,000 annually. These estimates are based on US$730 per ounce gold with US$200 per ounce operating and production costs netting US$530 per ounce.
The total cost of the project is estimated to be US$595,900, adding a contingency factor of 30% would bring the maximum projected total to US$774,700.The reports were prepared by general manager Juan Fernando Restrepo and chief geologist Carlos Alberto Vera of Minera Primecap Geological Services (MPGS) of
Historically one of the largest gold producing countries in the world,
Notice Regarding Forward Looking Statements
This news release contains "forward-looking statements", as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the expectation of the gold production of the property to be acquired, the low capital costs to upgrade the Los Chorros operating plant, the assumed production and net cash flow.Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with mineral exploration. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-KSB for the 2006 fiscal year, our quarterly reports on Form 10-QSB and other periodic reports filed from time-to-time with the Securities and Exchange Commission.
Michael Hill
President
Gemini Explorations, Inc
http://www.geminiexploration.com/ email: info@geminiexploration.com
IR info: 1 877 700 1644
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Mexoro Minerals Ltd.
(OTC BB:MXOM.OB)
Current Price (1.90)
RAIT Financial Trust
(NYSE:RAS)
Current Price (8.75)
Economic book value of $13.27 per share at September 30, 2007
Tangible book value of $11.63 per share at September 30, 2007
Adjusted earnings per share of $0.54 for the quarter ended September 30, 2007
GAAP total loss per share of $4.02 for the quarter ended September 30, 2007 RAIT Financial Trust ("RAIT"), a real estate investment trust ("REIT"), provides a comprehensive set of debt financing options to the real estate industry including bridge and mezzanine loans, preferred equity investments, trust preferred securities and subordinated debt for private and corporate owners of commercial real estate, REITs and real estate operating companies and their intermediaries throughout the United States and Europe. For more information, please visit www.raitft.com or call Investor Relations at 215-243-9000.
Xinhua Finance Media Ltd.
(Nasdaq:XFML)
Current Price (7.89)
BEIJING, Nov. 6 -- Xinhua Finance Media ("XFMedia"; Nasdaq: XFML), China's leading diversified financial and entertainment media company, today announced that its Board of Directors has appointed independent director Mr. Steve Richards to its Audit Committee, joining existing members, Mr. Aloysius T. Lawn, committee chairman, and Mr. John Springer, committee member. Moreover, the Company also announced that it has retained Protiviti Inc., a leading independent organization dedicated exclusively to risk consulting and internal auditing, to provide consulting services related to the Company's Sarbanes-Oxley Section 404 compliance efforts. Xinhua Finance Media ("XFMedia"; Nasdaq: XFML) is
Axcess International Inc.
(OTC BB:AXSI.OB)
Current Price (1.74)
DALLAS--Nov. 6--Axcess International Inc. (OTCBB: AXSI - News), a leading provider of wireless business activity monitoring solutions, today announced its micro-wireless technology platform called Dot™, the world’s smallest, most powerful, lowest cost battery-powered wireless computer. It provides a dynamic view into the status of every “thing” operating in the enterprise and how each thing contributes to the goals of the enterprise. By enabling automatic sensing, identification and assessment of business activity in real time, the Dot chip provides for improved productivity, security and revenue growth by delivering wireless intelligence unattainable until now. Dot–based solutions exemplify what industry analyst firm Forrester Research calls “The Extended Internet” market, forecasted to grow to $11.6 billion by 2012. Axcess International Inc. (OTCBB: AXSI - News) delivers wireless intelligence through real-time business activity monitoring solutions that improve productivity, security and revenue growth. The systems derive wireless intelligence from automatic advanced workforce management, workflow management, asset monitoring and distributed sensing. Its revolutionary and patented Dot micro-wireless technology platform combines RFID, RTLS and wireless sensing for better decision-making and control throughout the enterprise. Axcess is a portfolio company of Amphion Innovations plc (LSE: AMP - News). Additional information on Axcess is available on the Company’s Web site at www.axcessinc.com.
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