Saturday, October 27, 2012

Top Stocks For 2011-12-28-2

MAJESTIC GOLD CORP (MJGCF.PK)

MAJESTIC GOLD CORP (MJGCF.PK) engages in the exploration and development of mineral properties in China. The company focuses on its gold project located in the prolific gold region of Song Jiagou in eastern Shandong Province. Majestic Gold Corp. is headquartered in Vancouver, Canada.

Gold is an ancient metal of wealth, commerce and beauty, but it also has a number of unique properties that make it invaluable to industry. These properties include:
o Resistance to corrosion
o Electrical conductivity
o Ductility and malleability
o Infrared (heat) reflectivity
o Thermal conductivity

MAJESTIC GOLD CORP (MJGCF.PK) has arranged a $10,000,000 loan to advance its Song Jiagou project in China. Nine million dollars ($9,000,000) from the proceeds from the loan will be used by the Company to in connection with its Song Jiagou project and the balance of one million dollars ($1,000,000) for general working capital purposes.

The loan will have a one year term and loan principal will be convertible at the option of the lender in whole or in part into common shares (”Shares”) of the Company until twelve months from the date of the loan advance at the price of $0.205 per Share. The loan will bear interest at the rate of 7.5% per annum, payable on maturity, and accrued and unpaid interest will be convertible at the option of the lender in whole or in part into shares of the Company until twelve months from the date of the loan advance at Market Price at the time of conversion.

The lender is at arm’s length from the Company and will not become an insider as a result of any conversion of principal and interest. All shares issued on any conversion of loan principal or interest will be subject to a four month hold period from the date of advance of loan proceeds. The loan is subject to acceptance by the TSX Venture Exchange.

As additional consideration for the loan, the Company has agreed to forward at least $9 million to Majestic Yantai Gold Ltd., a British Virgin Islands company owned 94% by the Company to be used to further advance its Song Jiagou project. The Borrower has also agreed to a 90 day period for reciprocal due diligence reviews and discussions for the possible further involvement of the Lender in the Song Jiagou project.

In the event that no further agreement is reached between the Lender and the Company during the 90 day period, then the loan and a minimum of seven (7) months interest will automatically convert to shares in the Company at a price of $0.205 per share and the interest at Market Price respectively. In addition the Company is pleased to announce that it has arranged a non-brokered private placement of up to 15,000,000 shares to be issued at the price of $0.20 per share for gross proceeds of $3,000,000.

For more information about MAJESTIC GOLD CORP. Visit its website: http://www.majesticgold.net

Century Aluminum Co. (Nasdaq:CENX) will report third quarter 2011 earnings on Tuesday, October 25th after the close of market trading. The news release will be issued through Marketwire.
Century Aluminum Company, through its subsidiaries, produces primary aluminum in the United States, Iceland, and internationally. The company offers molten aluminum, as well as standard-grade ingot, extrusion billet, and other value-added primary aluminum products.

Trinity Biotech plc (Nasdaq:TRIB) will report financial results for the third quarter of fiscal year 2011 on Thursday, October 20, 2011. The Company has scheduled a conference call for that same day, Thursday, October 20, 2011 at 11:00am EDT (4:00pm BST) to discuss the results of the quarter.

Trinity Biotech plc acquires, develops, manufactures, distributes, and sells diagnostic test kits and instrumentation for the point-of-care and clinical laboratory segments of the diagnostic market.

Alpha & Omega Semiconductor, Ltd. (Nasdaq:AOSL) updates its guidance for the first fiscal quarter of 2012 ending September 30, 2011. AOS now expects revenue to be $81 million to $83 million for the quarter, compared to previous guidance of $83 million to $87 million. The change in revenue guidance is due to continued softness in end customer demands and declines in average selling prices.

Alpha and Omega Semiconductor Limited engages in the design, development, and supply of a range of power semiconductors worldwide.

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