And with the Following, it is very apparent that someone (Hedge Fund Types - anyone???) used this NR to manipulate the April Close SP of NOT so as to keep their Blind Ignorant Clients Happy with a False Bounce in their Balance Sheets???
Or am I too suspecious as to how things really work, though the OSC may not be?
Remember:Timing is Everything"???
And todays Rally began long before the NR was Officially Out!
Who Knew?
DANBURY, Connecticut, February 27, 2003 - Strategic Minerals Corporation, headquartered in Danbury, Connecticut, has decided that it will continue to meet most of its feedstock requirements in South Africa with purchased vanadium-bearing slag and not mined ore from its captive mine. As a consequence, it has renewed an existing contract for purchasing vanadium-bearing slag for the period 2003-2006.
"The vanadium industry has enormous capacity in the form of vanadium-bearing slags, by-products and co-products," said William G. Beattie, Chairman of Strategic Minerals. "With over two-thirds of worldwide vanadium production derived from by-product or co-product sources, mining capacity has a swing role. This decision conserves our ore reserves and maintains our flexibility to expand mining operations when market conditions warrant."
Strategic Minerals estimates worldwide vanadium-oxide production capacity at 250 million pounds annually, with current demand running at about 155 to 160 million pounds. Non-mining sources alone could presently supply 170 million pounds annually, much of it at a low-incremental cost.
Mr. Beattie added that the economics of the vanadium industry, especially the "swing" role of mining, remains widely misunderstood today, creating a potential trap for investors in new vanadium-mining projects. "It's very easy for new mining advocates to underestimate the diversity, magnitude, and persistence of vanadium from non-mined sources," he said. "Also, investors who lack a complete understanding of the industry's unique structure can be easily misled by short-term fluctuations in supply, demand, or price."
February 27, 2003