No financial reports. No SEC filings. No news warranting a rise in share price. Company website no longer exists. Paid pump websites are pumping this stock. Technical charts indicate upward resistance at 1.00 per.
posted
SAOL still holding above the 50 MA, which is way down * .65 - nice opportunity on this recent dip to add to position, though i'm cash-poor at the moment, so holding original shares and looking forward to break of $1....should gain momentum once that monkey is off our backs.
IP: Logged |
Sao Luis Mining, Inc. Announces Completion of Joint Venture Agreement
LAS VEGAS, NV -- (MARKET WIRE) -- August 17, 2006 -- Sao Luis Mining, Inc. (PINKSHEETS: SAOL) announced today that it has executed the joint venture agreement with SL Mineradora Ltda. The joint venture company, Comercio e Mineracao Sao Luis Ltda., has been formed and registered in Brazil to conduct business. The agreement provides Sao Luis Mining with 51% interest in the joint venture which will operate two diamond properties and an existing processing plant in the Sao Luis River Basin. The operation is located in the state of Mato Grosso, considered one of the most productive diamond districts in Brazil.
Jack Lake, President and Board Chairman, said, "With the execution of our Joint Venture agreement with SL Mineradora and the registration of Comercio e Mineracao Sao Luis Ltda. we have moved one step closer to the Joint Venture commencing production. We expect operations to begin within the next 30 days."
This news release contains "forward-looking statements" within the meaning of the US Private Securities Litigation Reform Act of 1995. When used in this release, words such as "estimate," "expect," "anticipate," "projected," "planned," forecasted" and similar expressions are intended to identify forward-looking statements, which are, by their very nature, not guarantees of Sao Luis Mining, Inc.'s future operational or financial performance, and are subject to risks and uncertainties. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. Due to the risks and uncertainties, actual events may differ materially from current expectations. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
About Sao Luis Mining:
Sao Luis Mining is a diamond and precious metals mining and exploration company. Its strategy is to acquire interests in producing mines and the development of properties that have the promise to be economically viable. Additional information, including a photo gallery and geological report is available at the Company's website www.saolmining.com.
IP: Logged |
posted
Can someone post the chart here for some opinions on this baby.... I like what I see here... Ch Money Flow..+++++ Volume growing every day+++++ Some very crazy loooking trades going on>>> Someone else here interested in this one or again I am the only one blowing...
-------------------- This is not a recommendation to buy or sell securities.
IP: Logged |
UBBFriend: Email this page to someone!
Printer-friendly view of this topic
![[Wink]](wink.gif)
:
