Bwr Results Bad News

Thursday will be a very telling day for ALL of us to remember.
Because now we shall understand what happens to a company that is sad to tell us that...

Breakwater also recorded a C$13.8 million gain on the sale of its Caribou
property in the year-earlier quarter.
The mining company earned C$7.8 million or 2 Canadian cents a share in the
latest quarter versus C$39.2 million or 9 Canadian cents a year earlier.

Revenue fell to C$65.5 million from C$82.7 million a year earlier.

-Tara Zachariah; 416-306-2100; AskNewswires@dowjones.com

Thursday Nov. 1 2007 will be an okay day for me because I'm out except for 3800 warrants. But you longs you are in for a scary day tomorrow.

I'll be rootin for ya, but good luck Thursday.

Remember this insider sales information that we discussed. Heres where they play the card. The Director sells over 1 Million dollars

Number 23 on this weblog

http://wave2.netfirms.com/


"Those who cannot remember the past are condemned to repeat it."
http://en.wikiquote.org/wiki/George_Santayana

So read this weblog and see the recent past of BWR.




http://treasurepicks.blogspot.com/2007/10/stockhouse-techie-kids.html

stockhouse techie kids

The latest go round with the techie kids, is that they have been removing posts that are reported as spam EVEN THOUGH they are not spam, they are quality posts on BWR.

I called them again today, and this is how stupid they are... they told me that I spammed a post,

which one?

This one which shows the brokerage houses Buy+Sells. This kid didn't even understand that these symbols were NOT tickers they were brokerages that buy+ sell BWR.

The shorts are using the tactic to report as spam anything that is posted by strong longs. I'm letting you know that time will tell what happens on stockhouse.
I have sold off ALL but 3800 warrants. The stock seems to be in a wait and see zone, and I fully expect it to sell off after the numbers today.

All the best...I've flipped into PDP and caught a 1.60 over the last 2 days.
I don't know what to expect from BWR at this point. The long term seems good, but the short term seems very chancy.

New Stockhouse Rant Yet Again!

At this point it would a appear that the new stockhouse doesn't allow pics to be added into the post. This is a pain, since I have found over the 10 years that I have been using the old system , pics add sizzle to the message, and a little entertainment value.

The new stockhouse is dry, and boring and cumbersome.

I guess we shall have to live with it, and hopefully we can interact on the stock here.

Stockhouse Challenges Continue

I have been suspended under stochastics1 for hammering a short again Friday.
So I will start using stoch1 which is new,( I also reserve the melion1 1999 id as a last resort).

Apparently my policing the BWR board and others in unacceptable BUT a short, basher (or perhaps a stockhouse techie kid) can spam all day long without consequences.

Pump and dump spammers can create a new ID everyday, then spam a penny stock rip-off across 50 boards and even after they have been reported the ID still exists, and resurfaces with more lies and crap.


For example these two Pump and dump websites steal money from inexperienced investors every week.:

here

and here

As far as the new stock house is concerned, I think you all will soon find out that the new board system will suck/
The old site will be shut down at the end of Oct 2007.

click here


The main problems, it takes too many clicks to get to the bullboards of choice.
The system does NOT display a selection of 25 current post headings that are easy to read and then open and review.

The problem of bullchitt ID's being created and used to bash or pump as stock has NOT been addressed.

I've said it before...they need a subscription model that forces people to pay an annual fee to have a membership.

This will virtually eliminate the false BS id's overnight.

So going forward look for my posts under stoch1 or worst case melion1.

And of course you can always find me here :-)

I Zinc we are at a bottom

I added BWR at 2.66 today, its a hunch that we are now at a bottom, lowers my average and sets me up for either more pain or more gain. Time will tell!

Leo (July 23 — Aug. 22)

You like pushing your luck and are not afraid to experiment, but there is a difference between dangerous gambling and calculated speculation. A hunch today is not as risky as you might think.






Dodge sounds alarm on dollar's surge

Fast rise in currency out of sync with domestic factors, Bank of Canada Governor asserts

HEATHER SCOFFIELD

From Monday's Globe and Mail

October 22, 2007 at 2:20 AM EDT

WASHINGTON — The Canadian dollar has soared to unjustified heights, Bank of Canada Governor David Dodge said Sunday, in his strongest suggestion to date that the loonie has gone too far too fast.

“The recent round of appreciation has been abnormally quick and doesn't seem to be related to the domestic factors, which would normally lead to that sort of appreciation,” Mr. Dodge told an audience of international bankers after a weekend of International Monetary Fund meetings.

His assessment dovetails with comments made by Finance Minister Jim Flaherty on Friday, when he complained that Canada is bearing more than its fair share of the appreciation of world currencies against the U.S. dollar.

The Canadian dollar closed at $1.0355 (U.S.) on Friday, up 21 per cent since the beginning of the year. Most of that appreciation happened since August.
Until now, Mr. Dodge has said the Canadian currency deserves to be strong because the Canadian economy is strong, because the world loves Canada's oil, gas, grains and minerals, and because the Canadian dollar was rising from unacceptable lows.

Last week, he admitted that part of the loonie's recent surge was not really related to economic fundamentals, but glossed over the $1.03 level because he didn't want to make too much of temporary blips in currency trading.

By Sunday, however, alarm bells were ringing.

“Our terms of trade have improved a little over the past three months, but not a lot.” Mr. Dodge said.

“The U.S. dollar has deteriorated a bit, but again, probably not as much as one would see … that would give us that much impetus.”

The European Union has also expressed deep concern about the appreciation of the euro against the U.S. dollar. But at the IMF and Group of Seven meetings this weekend, many analysts believe the American currency may continue to depreciate as the housing recession undermines the powerful U.S. economy.

Despite the concerns, the finance ministers and central bankers were short on solutions. They decided against intervening in currency markets to shore up the U.S. dollar, and conversely taking some strength out of the Canadian dollar and the euro.

Rather, they pointed to the need for China to move more quickly in letting its currency float.

Indeed, economists in Canada have said that any complaints from Mr. Dodge or Mr. Flaherty about the loonie amount to jawboning, since the Bank of Canada has said it does not want to cut its key interest rate quite yet. An interest-rate cut may have the effect of bringing the loonie back down to earth somewhat.

Meanwhile, Mr. Flaherty Sunday continued his latest crusade, calling for domestic retailers to reduce prices quickly to reflect the higher Canadian dollar. Speaking to CTV's Question Period ahead of a meeting Tuesday with a range of retailers, including Canadian Tire and Wal-Mart, Mr. Flaherty said he wants to see lower prices “as soon as possible.”

“My job really for the government is to say to the retailer that you should move your inventory prices as quickly as you can to reflect the reality that the Canadian dollar is much stronger than it was even a few months ago,” he said.

Some businesses, such as Wal-Mart Canada Corp. and Zellers Inc., have already cut prices but a Canadian business leader said it will take some time for the majority of the country's firms – small businesses – to move through older inventory.

Catherine Swift, president of the Canadian Federation of Independent Business, said Mr. Flaherty should “know better” when it comes to lecturing entrepreneurs.

“It's simplistic to say, ‘Cut your prices.' It'll happen. It's a very competitive market. Our members have to stay current in terms of pricing. The market does work and the market will work – but to think it'll turn on a dime, that's pretty unrealistic. Some people are carrying older merchandise,” Ms. Swift said in an interview yesterday.

“I always have the same reaction when I hear politicians or bureaucrats telling business how to do business. Jim Flaherty has done a lot of good things for small business but it's very easy to give that kind of feel-good advice, something that will be well-received by your average consumer, but the circumstances of every business is very different.”

Mr. Flaherty's meeting Tuesday was planned weeks ago as part of a lobby day on Parliament Hill for retailers, but the Finance Minister – who has previously called for lower bank fees – used the opportunity as a platform, expanding the time and guests at the meeting with the Retail Council of Canada.

With a report from Reuters News Agency

First We Had Black Monday Now W e Have Black + Blue Friday

Since we just had the 20th anniversary of the worst one day market crash in history. I found this article of interest. This is getting scary , how are you doing?

"
http://www.newsday.com/business/la-fi-markets20oct20,0,4436874.story

Bill Carrigan Technician: Bear Market Evident

Mounting evidence makes case for bear market
TheStar.com - columnists -


October 19, 2007
Bill Carrigan



If it looks like a bear and acts like a bear, it could be a bear. That possibility ran through my mind early in the week as broader North American indices began to retreat from their recent highs in reaction to surging crude prices and some nervous "Fed-speak" comments on housing and the credit crisis.

From a technical perspective, the key reversal on Oct. 11 was a warning of a probable important trend change. Keep in mind the equity markets have posted about an 8 per cent advance from the mid-August lows and a time out would not be unreasonable.

Technical analysts worry about key reversals because sometimes they are the start of something big, in this case a big correction.

The key reversal is a one-day chart pattern in which prices sharply reverse during a trend. This reversal can signal the end of a strong advance on a day when prices open higher, sometimes to new highs, and then "reverse" and end below the previous day's close.

The wider the price range on the key reversal day and the heavier the volume, the greater the odds that a reversal is taking place.

For those who follow candlestick bar charts, which are used to plot an equity's highs, lows and closes, the reversal is known as a bearish engulfing pattern.

A one-day event such as a key reversal can often signal only a brief change, and after a pause, the long-term trend is resumed. The key reversal can have more deadly consequences if a number of them occur across a broad range of stocks and indices.

On Oct. 11, key reversals occurred in just about every North American stock index and their related stock sectors. The important groups affected in Toronto were the materials and telecommunications groups; in New York, the semiconductor and financial sectors.

The experienced technical analyst will also know that such a single event, no matter how widespread across so many stock groups, is not enough evidence to declare a significant stock market reversal.

Bull markets also require leadership from key stock groups, such as the period's innovators and economic drivers. A century ago, it was the steel industry, later railways and then the auto industry, which were the drivers for highways, hotels, fast-food restaurants and the petroleum industry.

Our modern economic driver is technology, so we need to focus on key companies in that sector to determine their status as market leaders.

The day before yesterday, analysts were watching as shares of Intel Corp. surged by more than 5 per cent at the opening of trading on the New York Stock Exchange. The chip maker, whose stock is a component of the Dow Jones industrial average, had reported a profit increase of more than 40 per cent in the third quarter, thanks to record microprocessor shipments and cost-cutting efforts. The bullish earnings report also seemed to quiet fears of an imminent inventory glut and a slowdown in PC demand that had kept Intel shares in check in recent weeks.

We also had upbeat profit reports that day from Yahoo Inc., JPMorgan Chase & Co. and Altria Group Inc. But after the market's strong opening, the rally fizzled and the Dow closed down 20 points.

The negative evidence just keeps piling up because, in addition to a strong technology sector, another requirement for a bull market is participation from two other important bellwethers, the transportation and financial sectors.

Our chart this week shows the weekly closes of the Dow transportation average plotted above the SPDR financial sector exchange-traded fund and the Philadelphia Exchange's semiconductor sector index.

Our chart displays problems in each of these important sectors. The transports are treading water just under their April 2006 peak, the financials are trading just at their April 2006 peak and the semiconductor index is trading well below the April 2006 peak.

All in all, not a bullish scenario.

--------------------------------------------------------------------------------
Bill Carrigan is an independent stock-market analyst. His column appears Friday. He can be reached at www.gettingtechnical.com on the Internet.

A Big Surprise Tonight: BWR Suspends Honduras Mine

Friday Should be very interesting to say the least.
No Honduras is NOT the biggest most successful mine.
But we could have another rough day Friday.




Breakwater Temporarily Suspends Milling Operations at Its Mochito Mine (Honduras)

ccnm

TORONTO, ONTARIO--(Marketwire - Oct. 18, 2007) - Breakwater Resources Ltd. ("Breakwater") (TSX:BWR) announced today that it recently discovered discharge of water from the Soledad tailings impoundment area which has necessitated temporary suspension of milling operations at Mochito.

Preliminary investigation has now shown that the discharge is related to the separation of the geotextile liner from the concrete decant structure. While some portion of the contact between the liner and the concrete has been exposed, efforts are now underway to lower the level in the pond to expose the balance and properly ascertain the extent of the separation and the nature of the required repairs.


Based on monitoring conducted to date, there are no indications of any adverse impacts on receiving waters including Lake Yojoa. No structural damages have been located at Soledad and none is thought to exist.


Mining at Mochito continues and will continue as long as is practical.


Alternatives, including the possible re-commissioning of the retired tailings facility, are being explored in an effort to return Mochito to normal mining and milling operations as soon as possible.


Until the investigation has concluded and a recovery plan established, no reliable estimate of when milling will resume can be given.


The Company intends to provide periodic updates as additional information becomes available.

Holding On BWR But Bought 25,000 BN

The news on BN-X is great, Remember BWR gets royalties from BN and holds a debenture till 2010.
Shares outstanding: 287 Million
Symbol & Exchange: BN-TSXV

Blue Note Ships Zinc Concentrate

October 18, 2007, Montreal, QC. - Blue Note Mining reports that its first shipment of zinc concentrate has been shipped from the port of Belledune, New Brunswick on October 17, 2007. This first shipment of approximately 5,600 metric tonnes of concentrate is enroute to Antwerp, Belgium.

"We are pleased to be able to report delivery of this quantity of zinc concentrate this early in our ramp-up phase," said John Martin, Chief Operating Officer of Blue Note, "We have now successfully delivered both lead and zinc concentrates to our customers. Mine and mill operations are stabilizing and metallurgical performance is continuously improving. We expect to be meeting our planned production and metallurgical performance targets by year end"

Blue Note recently announced that it had customers for all of its lead concentrate and 85% of its zinc concentrate. "We are benefiting handsomely from record lead prices as lead accounts for roughly half of our total production," said Michael Judson, Blue Note's President and Chief Executive Officer.

Blue Note Mining is a Canadian mining company headquartered in Montreal with operations in Bathurst, New Brunswick. The company's shares trade on the TSX Venture Exchange under the symbol BN.


For more information please contact:
Lorne Woods
Vice President Investor Relations
Blue Note Mining
800-937-3095
lwoods@bluenotemining.ca
www.bluenotemining.ca







Plus

Letter of Intent Signed for Caribou DealMONTREAL, QC. JULY 12, 2005 -


Forest Gate Resources Inc. reports that a revised letter of intent ("LOI") between its wholly-owned subsidiary, Blue Note Metals, and Breakwater Resources and its wholly-owned subsidiary, CanZinco Ltd., regarding the acquisition of the Caribou and Restigouche mines has been signed by both parties.


The LOI sets out the provisions that will form the basis of a definitive agreement to be entered into between the two companies in the near future; the LOI replaces all other previously announced agreements and understandings between the parties.
Under the terms of the LOI, after raising sufficient funds, Blue Note will acquire the Caribou and Restigouche mines by (i) replacing the reclamation deposits with the New Brunswick government for environmental rehabilitation of approximately $7 million, and (ii) issuing to CanZinco a C$15 million convertible debenture with a maturity of five years.

The debenture is repayable in shares at CanZinco's option or in cash or shares at maturity at Blue Note's option. Additionally, CanZinco has the right to convert the debenture in return for a direct 20% ownership of the mines; this must be exercised within one year from the commencement of commercial production. Blue Note has also agreed to spend $1.5 million on exploration on the properties before the 12-month anniversary of the commencement of commercial production.
CanZinco will also receive a royalty on zinc metal production in the event the price of zinc reaches US$0.65 per pound or more as determined by the London Metals Exchange. In addition, Breakwater is granted a conditional first right of refusal on Blue Note's marketing rights of its metals concentrates produced from the properties.
The Caribou Mine site is located 50 kilometres west of Bathurst, New Brunswick and includes an underground mine currently being kept under care and maintenance, a 3000- tonne per day concentrator (mill) and a permitted tailings facility.


The Restigouche Mine site, located 30 kilometres further west, includes an open pit mine and associated infrastructure and is also currently under care and maintenance.
Extensive due diligence was done by a team of consultants lead by Ross Finlay 2000 Inc of Val D'Or, Quebec, using the Breakwater 2000 Reopening Plan as a basis. Ross Finlay reviewed the geology, ore reserves; ore reserve expansion potential, mine infrastructure, mine development and production plans and schedules, and mine reopening rehab requirements.
"The next step is to raise the funds to put the mines and mill back into production," said Blue Note Chairman, Michael Judson. "We expect that metals prices will strengthen in the last quarter and that is when we expect to execute a senior financing."
The transactions are subject to approval by securities, regulatory and governmental authorities and contingent on closing the senior financing for the project.
As previously announced, the company has asked its underwriters to raise its seed financing no later than October. The listing of Blue Note shares on the TSX Venture Exchange is anticipated to occur at the same time.


For more details, please contact:Lorne Woods
Vice President, Corporate Development
Blue Note Metals Inc.
800-937-3095
lwoods@bluenotemining.ca

And The Stock Is About To Break Out



More On BN-V

http://161.58.230.171/stocktip.htm

They whacked us big time again today- OUCH!

It takes Brass Ones To Stay In This Game

BWR has been hammered again today, this has allowed the short interest to cover and allowed Canaccord to accumulate. When anonymous dumps its and insider OR a Pro's who is dumping shares under stealth protection, because it sure isn't you or I that are selling. We have no access to sell through house #1 Anonymous, only a broker can dump thru that house.








Anonymous has dumped big today, this my friends is not good.
Now Canaccord was one of the biggest Pro buyers, the others are retail which don't count i.e RBC etc.



But some friggin company or insider has dumped today bigtime.

"I'm Back" like I said I would be...

But since I got caught in the last downdraft last week, (my mistake was placing a stink bid .10 cents lower than the ask caught a falling knife )

I never thought that BWR would fall from 3.43 to 3.08 today thats .35 cents almost 10% drop. Scary huh?

The Pro's are in charge of the rallies have no illusions about that. And in this game... The spinning wheel goes round and round they (the hot money) decides where they play with huge volume.





And when they take their attention to Yellow Cake for example Zinc dies even though we had a good day in the price of zinc.

Yes I am we stuck at these levels, I'm nursing about a $3 Grand paper loss OUCH!


The best news is...

Rumors of being sold can come true for BWR and Zinc s flying, LME stock is falling, And 3rd Q is going to be announced soon.

So yes "I'm back"

And Holding On till the houses come back to BWR , we had a chance to get out at 3.43 but we all either waited for 3.69 or in my case, bought on a stink bid strategy that didn't work.

The Pro's dropped BWR .35 cents.

But I did buy today as well, used my dollar cost average strategy and lowered my average cost plus bought lower to sell much higher.

How have you done? Let me hear from you.

Markets were green all day

Markets were green all day...

a relief rally after the trouncing that we all experienced on Thursday,

But BWR well it was virtually dead in the water with no momo to recover what it lost Thursday.

So I sat with a $2000.00 paper loss over this weekend, due to the buy that I made on Thursday during the severe down draft in BWR (while away from my PC screen).

I placed a "stink bid" at 3.33 when the stock was flying high at $3.43+ prior to 2:00 Pm Thursday.

I had to attend a business meeting,and returned to learn that my "stink bid" was filled AND
BWR continued downward to about 3.19 OUCH!

So now we all must wait till the momo makers return attention to BWR for the next run thru the 2007 high of 3.69. The anticipation is breathtaking, yawn :-)

The Bottom Falls Out of The Market

Just when we all were having such a great record breaking day we get the following 2 major alerts ...and the BIG MONEY ran for the exits (according to BNN + MSNBC).

And BWR and others fell fast!

Hopefully markets will resume their march upward Friday

Stocks close lower after reaching highs

Updated: 1 hour, 18 minutes ago

NEW YORK - Stocks plunged from lofty heights Thursday after a European Central Bank official pointed to rising price risks and a major Wall Street bank lowered its expectations for Chinese Internet company Baidu.com.

The news caused traders to take profits, particularly in the technology sector, from big gains made earlier in the session. The Dow Jones industrial average and the Standard & Poor's 500 index had reached record levels after Wal-Mart Stores Inc. lifted its profit forecast.

The market turned in the afternoon after ECB governing council member Axel Weber said rising inflation in the euro zone may require additional policy action, according to Dow Jones Newswires. The comments appeared to raise concerns on Wall Street that European growth could slow and that in the United States, inflation could prevent the Federal Reserve from making another rate cut.

Holding Zinc And Oil The Place To Be For Me!

After a tremendous run in BWR, I have somewhat diversified my risk.
I have positions in Zinc with BWR:TSX + LUN:TSX
And you can read my analysis at each of the links above.

And Oil with PDP:TSX

PDP chart is screaming BUY ME $14.88 and it has such a small float that when news hits it can run 1.00-1.50 in a day(and a lot is pending see the PDP link for more info)

Insiders are buying

The all time high is $25.24 on for this 9600 per day light sweet crude producer and thru their Argentina oil leases and their Peru, this stock will be $50.00 within the next 2 years it started at .90 cents 2 years ago and ran to $25.24 in a flash.


I see this $14.88 running up thru 19.00 before the end of Dec 2007.

Good Trading!
Stochastics1

The New Stockhouse

Well after touring and using the New Stockhouse, I must say, I don't like it.
I find it much easier to have 1 page that shows ALL boards, as we see now.
Furthermore I'm convinced that the Facebook system of investor interaction will not be received well by members. When it comes to money+Bulboards people prefer anonymity.

We shall see what happens when they decommission the old site, but I for one don't like the new site already.

Stochastic1

Stochastics1 Re-activated

After a short overnight suspension for spanking a cockroach with the word azzwhole I was able to get the account reactivated by a short telephone call to the techie kids at Stockhouse.

They ask that I report maggots and avoid using words like azzwhole :-)
So I will be posting as usual :-)

New Stockhouse Site Bugs

Today Is Oct 8 2007

To my fellow investors

I had a strange experience on Stockhouse today,

After posting multiple messages successfully, I attempted a tour of the new site. I then logged out and back in the Old site and tried to post.

But the system suspended me as Stochastics1.

Yup the Stockhouse system (new database with blacklisted posts and links and rules)

then suspended me from posting as Stochastics1.

I called their customer services to find one single turkey techie on duty

this Thanksgiving Monday in Canada.

Anyway the upshot of this is that he doesn't have the ability to re-activate posting privileges , ONLY a Manager can do this Tuesday. I will call and try to talk him into the re-activation of posting privileges.

So in the meantime I will use an old alias that I used over 1 year ago, and see if I can get Stochastics1 fixed soon.

melion1

From what I have seen the new site is going to be a nightmare and the old site that we all use will be deactivated at the end of October 2007.

So we shall see what happens... I may add a interactive blog on this website that will allow us to interact IF the new site proves to be a pain.

Stochastics1

Welcome To Treasure Picks Blog Site

This is an extension of the Treasure picks website, this is the place where I will add content and offer an interactive exchange of ideas on stocks.

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