Stocks to Watch: Gemini Explorations, Inc. (OTCBB: GXPI), NewMarket Technology, Inc. (OTC BB:NMKT) , Omagine, Inc. (OTC BB:OMAG) , AskMeNow Inc. (OTCBB: AKMN), CHDT Corporation (OTC BB:CHDO)
Featured Stock: Gemini Explorations, Inc.
(OTCBB: GXPI)
Current Price (0.14)
http://www.wallstreetstockreview.com/
Gemini Explorations Closes on Financing for the Re-Development of the Los Chorros Gold Mine
Mine Modernization Projected to Yield US$12,900,000 of Net Cash Flow to Gemini
CALGARY, AB----Dec 10, 2007 -- Gemini Explorations Inc. ("Gemini") (OTC BB:GXPI.OB - News) is pleased to report that it has completed negotiations for financing the modernization and complete re-development of the Los Chorros Gold Mine. The first tranche of US$500,000 should be received by Gemini in the next 5 days and the second tranche of US$300,000 within 14 days. 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 Los Chorros Mine is currently being mined with extremely antiquated equipment and this report further solidifies Gemini's belief 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. Minera Primecap Geological Services (MPGS) reported 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.
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 that the financing will close on specified dates, the expectation of the gold production of the property, the expected completion date of the redevelopment and modernization of the Los Chorros Gold mine and the low capital costs to upgrade the Los Chorros operating plant and the net cash flow estimates.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.
Contact:
Michael Hill President Gemini Explorations, Inc Suite 103240-11th Ave SW Calgary , AB T2R 0C3 http://www.geminiexploration.com email: info@geminiexploration.com 403-697-4877
Source: Gemini Explorations, Inc.
For an in-depth analyst report, please visit: http://www.wallstreetstockreview.com/
NewMarket Technology, Inc.
(OTC BB:NMKT)
Current Price (0.25)
http://www.wallstreetstockreview.com/
Omagine, Inc.
(OTC BB:OMAG)
Current Price (0.88)
http://www.wallstreetstockreview.com/
NEW YORK, Dec. 10, 2007 -- Omagine, Inc. (OTC BB:OMAG.OB - News) (the ``Company'') -- the majority owner of the highly anticipated Omagine Project -- is pleased to announce just days after securing a relationship with the largest bank in Oman that it has announced the General Contractor which will lead the construction of the 300-acre residential and entertainment complex planned in the Sultanate of Oman. The Company's planned Omagine Project is an integration of cultural, heritage, educational, entertainment and residential components. As presently planned, Omagine will be located on 1.2 million square meters of beachfront land facing the Gulf of Oman just west Muscat -- the capital city of the Sultanate of Oman and near Oman's International Airport. Omagine LLC (under formation) -- the local Omani project company expects to sign the Development Agreement with the Government in August 2007.
AskMeNow Inc.
(OTCBB: AKMN)
Current Price (0.17)
http://www.wallstreetstockreview.com/
IRVINE, CA----Dec 10, 2007 -- AskMeNow Inc. (OTC BB:AKMN.OB - News), a leader in intelligent mobile search technology, announced today that it will host a conference call for investors at 4:00 PM ET (1:00 PM PT) on December 18th, 2007 to discuss business achievements and future opportunities. AskMeNow is the easiest, most convenient way to access information on the Internet or from local content from your cell phone or mobile PDA device. The first mobile lifestyle network, AskMeNow utilizes its proprietary technology to offer a natural language based interaction and dynamic content provision platform designed for simple and quick information retrieval. The Company generates revenues through per usage fees and one to one contextual mobile advertising sponsorships. AskMeNow launched officially in November 2005. The Company is based in
CHDT Corporation
(OTC BB:CHDO)
Current Price (0.02)
http://www.wallstreetstockreview.com/
DEERFIELD BEACH, FL----Dec 10, 2007 -- CHDT Corporation, a Florida corporation (OTC BB:CHDO.OB - News) (CHDT), announced today the appointment of Laurie Holtz as its Chief Financial Officer, effective December 10, 2007. CHDT Corp. (http://www.chdtcorp.com) is a holding company engaged through its operating subsidiaries in the following business lines: Capstone Industries, Inc. (www.capstoneindustries.com) is engaged in product development, manufacturing, distribution, logistics and product placement to importers, theme parks, and mass retail of souvenirs, gifts, and consumer products; and Overseas Building Supply (OBS) is engaged in distribution of building materials including but not limited to roof tiles, interior doors, and insulation materials. Reference of URLs in this press release does not incorporate said URLs or any of their contents in this press release.
Penny Stocks traded in the Small Cap Markets who seek Investor Relations, can receive complete coverage from WallstreetStockReview.com. WallstreetStockReview.com covers Penny Stock analyst reports and strives to keep the Penny Stock Investor updated. It is essential that the smallcap stock investor stay informed when making decisions through Penny Stock analyst reports. Visitors can sign up for our penny stock newsletter and analyst reports, to be kept up to date when we begin coverage on new small cap companies. Coverage of micro cap stock Companies and Penny Stock analyst reports are provided by WallstreetStockReview.com. Sign up today and stay informed of your Investment, allow WallstreetStockReview.com to provide you with the latest analyst reports on small cap and pennystocks.
WallStreetStockReview.com is owned and operated by Iron Consulting.
Verify all claims and do your own due diligence. Iron Consulting profiles are not a solicitation or recommendation to buy, sell or hold securities. Iron Consulting is not offering secu rities for sale. An offer to buy or sell can be made only with accompanying disclosure documents and only in the states and provinces for which they are approved. All statements and expressions are the sole opinion of the editor and are subject to change without notice. Iron Consulting is not liable for any investment decisions by its readers or subscribers. It is strongly recommended that any purchase or sale decision be discussed with a financial adviser, or a broker-dealer, or a member of any financial regulatory bodies. The information contained herein has been provided as an information service only. The accuracy or completeness of the information is not warranted and is only as reliable as the sources from which it was obtained. It should be understood there is no guarantee that past performance will be indicative of future results. Investors are cautioned that they may lose all or a portion of their investment in this or any other company. In order to be in full compliance with the Securities Act of 1933, Section 17(b),WallStreetStockReview.com is owned and operated by Iron Consulting. Iron Consulting www.ironconsultinginc.com has receive seventy two thousand dollars in 2006 and thirty six thousand in 2007 from Equity Alliance Intl. www.equityallianceir.com for a internet marketing program. Neither Iron Consulting nor any of its affiliates, or employees shall be liable to you or anyone else for any loss or damages from use of this e-mail, caused in whole or part by its negligence or contingencies beyond its control in procuring, compiling, interpreting, reporting, or delivering this Web Site or e-mail and any contents. Since Iron Consulting receives compensation and its employees or members of their families may hold stock in the profiled companies, there is an inherent conflict of interest in Iron Consulting statements and opinions and such statements and opinions cannot be considered independent. Iron Consulting and its management may benefit from any increase in the share prices of the profiled companies. Information contained herein contains "forward looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities and Exchange Act of 1934. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions or future events or performance are not statements of historical facts and may be "forward looking statements". Forward looking statements are based on expectations, estimates and projections at the time the statements ar e made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Iron Consulting services are often paid for using free-trading shares. Iron Consulting may be selling shares of stock at the same time the profile is being disseminated to potential investors; this should be viewed as a definite conflict of interest and as such, the reader should take this into consideration.
