Las Vegas, Nevada 6/15/2009 11:08:48 PM
News / Finance

Positive Geologist's Report -Elray Resources Inc. (ELRA)

Del Mar, California – WallStreetStockReview.com Reports on Stocks to Watch:

 

Elray Resources, Inc. (OTC BB: ELRA), Sequenom, Inc.(NasdaqGM: SQNM), Yahoo! Inc.(NasdaqGS: YHOO), Jazz Pharmaceuticals, Inc.(NasdaqGM: JAZZ), China Direct Industries, Inc.(NasdaqGM: CDII), Green Plains Renewable Energy, Inc. (NASDAQ: GPRE), Canadian Solar Inc.(NasdaqGM: CSIQ), INGEN TECHNOLOGIES(Other OTC: IGNT.PK)ACADIA Pharmaceuticals Inc.(NasdaqGM: ACAD), ONEFI TECHNOLOGY INC(Other OTC: ONFI.PK), WARRIOR GIRL CORP(Other OTC: WRGL.PK) VERNALIS PLC ADR # (VNLPY.PK), SISTERSVILLE BANCORP(Other OTC: SVBC.PK)

 

Featured Stock:

 

Elray Resources, Inc

(OTC BB: ELRA.OB)

 

Positive Geologist's Report -Elray Resources Inc. (ELRA)

 

Elray Resources, Inc.(OTCBB ELRA), a technically-driven mining and exploration company advised shareholders that it is encouraged by Geologists reports of the significant presence of gold on its zircon gold joint venture in central Kalimantan, Indonesia.

 

The 9,000 ha project area has reportedly played host to traditional gold and zircon mining for more than 100 years with reports of locals gold take-out at around 2g/t.

 

The gold and zircon are hosted in alluvial quartz sand and gravel deposits that appear to cover most of the concession area. Anecdotal evidence suggests that these deposits may be several tens of meters thick although traditional miners have only mined and worked the top 4-5 meters.

 

The gold is extremely fine with high mass to surface area ratios and Elray plans for recovery by gravity separation methods with an 85-90% recovery being expected.

 

 

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Other Stocks to Watch:

 

Sequenom, Inc.

(NasdaqGM: SQNM)provides products, services, diagnostic testing, applications, and genetic analysis products that translate genomic science into solutions for biomedical research.

 

Yahoo! Inc.

(NasdaqGS: YHOO) provides Internet services to users, advertisers, publishers, and developers worldwide. The company owns and operates online properties and services.

 

Jazz Pharmaceuticals, Inc.

(NasdaqGM: JAZZ) a specialty pharmaceutical company, develops and commercializes products for neurology and psychiatry primarily in the United States.

 

China Direct Industries, Inc.

(NasdaqGM: CDII)

China Direct Industries, Inc. engages in the production and distribution of magnesium in the People’s Republic of China. It also distributes basic materials and offers consulting services.

 

Green Plains Renewable Energy, Inc.

(NASDAQ: GPRE) engages in the production, distribution, and marketing of ethanol and related by-products in the United States.

 

Canadian Solar, Inc.,

(NasdaqGM: CSIQ),together with its subsidiaries, engages in the design, development, manufacture, and marketing of solar module products that convert sunlight into electricity for various uses.

 

Ingen Technologies, Inc.

(Other OTC: IGNT.PK) develops, markets, and distributes medical technologies and products with applications in the respiratory device and medical diagnostics market primarily in the United States.

 

ACADIA Pharmaceuticals, Inc.,

(NasdaqGM: ACAD) A biopharmaceutical ompany, focuses on the development and commercialization of small molecule drugs for the treatment of central nervous system disorders.

 

OneFi Technology, Inc.

(Other OTC: ONFI.PK) is a WiMax company developing broadband networks that are capable of being 4G compatible.

 

Warrior Girl Corp.

(Other OTC: WRGL.PK) operates as an investment company. The company is based in Miami, Florida.

 

Sistersville Bancorp

(Other OTC: SVBC.PK)is the holding company of First Federal Savings Bank, which has two branch locations in West Virginia's northwestern communities of Sistersville and Parkersburg.

 

 

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