Google Cut 3.1 Billion In Taxes Thru This Strategy

Google Inc. cut its taxes by $3.1 billion in the last three years using a technique that moves most of its foreign profits through Ireland and the Netherlands to Bermuda. Google’s income shifting helped reduce its overseas tax rate to 2.4 percent, the lowest of the top five U.S. technology companies by market capitalization. Bloomberg's Melissa Long reports. (Source: Bloomberg)

YAMANA GOLD PROVIDES UPDATE ON 2010 EXPLORATION

YAMANA GOLD PROVIDES UPDATE ON 2010 EXPLORATION

cnw
TORONTO, Nov. 29 /CNW/ - YAMANA GOLD INC. (TSX:YRI; NYSE:AUY; LSE:YAU) today announced an exploration update for its Mercedes and Pilar projects, the Pampa Augusta Victoria regional discovery at its El Penon mine as well as exploration results at its Jacobina and Fazenda Brasileiro mines. The Company's Mercedes and Pilar mines are currently under construction and production will commence in 2012 and 2013, respectively, as previously announced.





Summary:




<<
Mercedes, Mexico

Results: Expansion of the new Diluvio zone within the Lupita
vein system and extension of the Lagunas zone, a
bonanza grade area in the Barrancas vein system

Significance: Results support significant increases in mineral
resources and opportunity for development of multiple
vein structures

Opportunity: Mineral resources expansion and the availability of
ore from multiple vein structures will allow the
Company to evaluate opportunities for production
increases above original feasibility study levels

Pilar, Brazil

Results: Deposit continues to be open along strike and down dip
with a further down dip extension that almost doubles
dip length from 450 to 850 metres. In addition, a step
out hole confirms mineralization two kilometres from
known mineral resource

Significance: Results support significant increases in mineral
resources

Opportunity: Mineral resource expansion will extend mine life and
allow the Company to evaluate opportunities for
production increases above original feasibility study
levels

Fazenda Brasileiro, Brazil

Results: Increase in size and confirmation of continuity of the
Lagoa do Gato deposit and CLX2 deposit

Significance: Results support an increase in mineral resources

Opportunity: Extension of mine life at the level of at least
current production requiring modest development work
primarily as CLX2 is located at the footwall of
existing mine workings

Jacobina, Brazil

Results: More extensive mineralization at Canavieras and Morro
do Vento at better grades than reserve grade

Significance: Higher grade mineralized zones are expected to
increase overall mineral resources and mineral
reserves at higher than current reserves grade

Opportunity: Higher grade ore would increase production without
requiring any change to plant design or increase in
plant capacity

Pampa Augusta Victoria, El Penon, Chile

Results: Extension of Victoria and Victoria Este vein systems,
discovered earlier this year, which form part of the
Pampa Augusta Victoria vein structure at El Penon
along with the discovery of the "Elizabeth system", a
sub parallel vein structure which has been traced for
170 metres

Significance: Results will support an initial mineral resource
estimate in a completely new area for discovery

Opportunity: Further supports a regional exploration effort at El
Penon and creates the possibility for additional ore
bodies within hauling distance of the El Penon mine
>>






"2010 has been an excellent year for exploration success at Yamana. For the full year, we will have spent over $80 million," commented Darcy Marud, Senior Vice President, Exploration. "The results highlighted here are those that we believe will have the biggest impact on the overall increases to mineral resources and mineral reserves expected this year. We have also had other successes which will contribute to future growth of mineral resources and will create numerous opportunities for production increases and expansions. Our 2011 program will again be aggressive as we continue to pursue known targets and identify new mineral resources."

<<
Mercedes
--------

Mercedes is Yamana's development stage project located in Sonora, Mexico. The project is currently under construction and is expected to commence production in 2012.


Mercedes is a gold-silver, low-sulphidization vein/stockwork system. Mineralization at Mercedes is contained in four main target areas: Mercedes, Barrancas, Klondike and Lupita (see Figure 1). A total 40,450 metres of drilling has been completed in 141 holes in 2010. There are currently four drill rigs on site.


Following the significant mineral resource increase at Mercedes in 2009, the Company has undertaken an extensive exploration program in 2010 advancing concurrently with mine construction with the following core objectives:




<<
1) Upgrade of mineral resources and mineral reserves in areas of
known mineralization and existing ore bodies with infill drilling
2) Increase mineral resources and mineral reserves with step-out
drilling around areas of known mineralization
3) Discovery of new areas of mineralization
>>
Company was successful in achieving all of these objectives, primarily at the Barrancas and Lupita vein structures. Drilling efforts are detailed below.


Barrancas Vein - Lagunas Zone


A total of 45 infill holes have been completed in the Lagunas zone (formerly Barrancas Norte) and the new Lagunas northwest extension area, covering a strike length of 400 metres and a vertical range of up to 250 metres (see Figure 2a). Drilling has confirmed the high grade intercepts first discovered in 2009, and expanded the dimensions of the vein zone.

Infill Program

The drill program is expected to convert mineral resources to mineral reserves. The best results from the infill drilling include the intercepts below at a cutoff of 2.0 grams per tonne gold equivalent.

Careful What You Post On Stockhouse....

Farallon countersued by Stockhouse poster "campokid"
Ticker Symbol: C:FAN

Farallon countersued by Stockhouse poster "campokid"

Farallon Mining Ltd (C:FAN)
Shares Issued 475,879,417
Last Close 11/26/2010 $0.78
Monday November 29 2010 - Street Wire

by Mike Caswell

David St. Eloi, the Australian poker player facing a defamation lawsuit from Farallon Mining Ltd., has filed a countersuit against the company. He claims, among other things, that Farallon's suit has interfered with his ability to earn a living, as he can no longer bluff other players at the poker table. He also says that the case should be dismissed, as Farallon has a history of using lawsuits to silence those who criticize the company.

Farallon and its president, Dick Whittington, are suing Mr. St. Eloi for 32 posts on Stockhouse. The posts stated that the company was "the biggest scam since bre-x," and they referred to Mr. Whittington as "tricky dicky."

While Farallon launched the case on Sept. 1, 2009, Mr. St. Eloi did not participate until the company won a default judgment against him on Jan. 5, 2010. He appeared before a judge in Vancouver in May and successfully had the default overturned. He then filed a statement of defence, in which he denied any wrongdoing, and said that he relied on factual information in writing his posts.

Now, with his counterclaim, Mr. St. Eloi contends that Farallon uses so-called SLAPP cases (strategic lawsuit against public participation) to silence on-line critics. Prior suits the company has filed against on-line posters include one against Robert Butler, an Edmonton man who was ordered to pay $425,000 to Farallon after he accused the company of stealing its Campo Morado property in Mexico. Another similar suit, against an Edmonton couple, awaits trial. Mr. St. Eloi says the judge should dismiss the case against him, and should award him damages for stress and worry.

Farallon's statement of claim

Mr. St. Eloi's legal troubles began on Sept. 1, 2009, when Farallon filed a statement of claim against him in the Supreme Court of British Columbia. The claim identified Mr. St. Eloi as a resident of Australia, although later documents in the case indicated that he had lived in B.C. for at least 20 years.

The suit described how Mr. St. Eloi, using the alias "campokid," authored a series of posts in June and July, 2009, that accused the company of stealing its Campo Morado property in Mexico. The posts frequently referred to a dispute the company had with a man named David Hermiston, who once held an interest in the property.

The first post was dated June 4, 2009. It read, "it looks like this property was stolen from mr. hermiston, unless of course you just think mr. hermiston is a nice guy and handed over his legacy. i'm surprised nobody is in jail.... YET." Another, posted the same day, stated, "if i was a FAN shareholder, I don't think I would be able to sleep at night, knowing that i was part of the biggest scam since bre-x."

A June 15 post accused Farallon of engaging in a fraud on the justice system in Mexico, according to the suit. It read, "10 to 1 farallon releases more fantastic news this week and no spike in price, as the insiders bail. it won't be me holding onto worthless stock certifacates. dam it. i forgot, farallon just got 30 mil ... i hope it's gonna take more than 30 mil to buy these judges."

Farallon said the posts meant that the company had engaged in theft, bribery and stock fraud. The company sought an injunction preventing future posts, plus damages for libel and court costs. The case was filed on the company's behalf by Tom Hakemi of Hakemi & Company.

Farallon filed an amended version of the suit on Aug. 26, 2010. It included several quotes from Mr. St. Eloi's posts, which had previously been included as an appendix. It also quoted an entry from Stockwatch's comment section. The comment, which was under a Sept. 4, 2009, Street Wire about the original lawsuit, read: "this company FAN. Has been misleading shareholders for years, and if they have the guts to go to trial, i am going to expose them all. tricky. yoo hoo, bernie needs a cell mate....lol.....the CAMPOKID.." The post meant that Farallon and Mr. Whittington had engaged in stock and other frauds on investors, the amended suit stated.

St. Eloi's response

Mr. St. Eloi filed his response to Farallon's amended claim on Oct. 14, 2010. He prepared the document himself, without the benefit of a lawyer. In his response, he mostly argues that the facts in his posts are true, and denies that Farallon is entitled to any damages.

One of the issues in the case, as he sees it, is the ownership of the Campo Morado property. Mr. St. Eloi claims that Farallon is not the legal owner of Campo Morado, and that the company is aware that title to the property is a disputed issue. He also contends the courts in Mexico have found that individuals in that country fraudulently deprived Mr. Hermiston of the property. According to Mr. St. Eloi, his posts were "expressions of his honestly held opinions."

Mr. St. Eloi further argues that in at least one instance, the statement of claim quoted a post out of context. For example, the post in which he said "it looks like this property was stolen from mr. hermiston" originally began with the words "in my opinion." It was also addressed to another poster, and "needs to be taken in context of the spirit of a bullboard question and response format," Mr. St. Eloi says. He defends calling Mr. Whittington "tricky dicky" as being part of the "hyperbole satirical format of the bullboard at that time."

In response to the message in Stockwatch's comment section, Mr. St. Eloi says that he does not have exclusive control over the name "campokid." He also contends that there are "more salacious comments" by other posters.

St. Eloi's counterclaim

In his counterclaim, Mr. St. Eloi accuses Farallon of "extrinsic and intrinsic fraud." He spends much of the document describing how he walked out of his pretrial discovery in Vancouver after he was not satisfied with the documents that Farallon's lawyer had presented to him. Discovery sessions allow both parties to ask questions of the other side before a trial, and occur without a judge. Mr. St. Eloi claims that the other side presented documents to him that he had not had a chance to review. "After a heated discussion by all parties," Mr. St. Eloi left the discovery hearing.

Mr. St. Eloi claims that he is entitled to exemplary and punitive damages as a result of the discovery. He says that Farallon was so deceitful in presenting its exhibits that its conduct "should offend the courts [sic] sense of right and wrong."

In addition, Mr. St. Eloi seeks general damages, citing the immense stress and worry the case has caused him, which has extended to his poker game. "The defamation claim has affected his capacity to bluff, the reaction of other players to his strategy at the tables as it has been implied that he is a liar," the counterclaim reads.

Farallon filed a brief response to the counterclaim on Nov. 8, 2010, in which it denies causing Mr. St. Eloi any of the grief he alleges. The company says the counterclaim should be dismissed, as it discloses no reasonable action and is unnecessary, scandalous, frivolous or vexatious.

© 2010 Canjex Publishing Ltd.

Bankers Technical Alert Bottom Of Channel Buy Here $6.77

Load Up at These Bargain Prices- The Whole Market Will Move Higher Right Into The Santa Clause Rally which Is Next Week!- USA ALWAYS has a great rally after Thanksgiving,

so buy your favorite Stock, we prefer Oil or Gold Stocks lately.

And then get ready to sell into the Santa Clause Rally-

Its Coming To Town!

Bankers Petroleum Ltd. engages in the exploration, development, and production of oil and gas in Albania, located northwest of Greece in southeastern Europe. It operates and has the rights to develop the Patos Marinza heavy oil field located in south central Albania; and holds 100% interest in the Kucova oil field that has approximately 300 million barrels of original oil in place. The company was formerly known as Gold Park China Limited and changed its name to Bankers Petroleum Ltd. in June 2004. Bankers Petroleum Ltd. was incorporated in 1983 and is headquartered in Calgary, Canada.

Symbol Name

Shares

BNK

BANKERS PETROLEUM LTD.

244,104,546

BNK.WT.A

BANKERS PETROLEUM LTD.,

WTS 4,873,668

The Company's capital structure as of the date below consists of:

March 31, 2010
Issued & Outstanding	230,340,721
Options Outstanding	15,216,612
BNK.WT.A Listed Warrants: CDN $2.37 exercise price, each warrant exercisable into 1 common share, expiration March 1, 2012	4,873,666
BNK CDN $2.63 exercise price Unlisted Warrants:	233,333
FULLY DILUTED	250,664,332

http://www.bankerspetroleum.com/

House Positions for C:BNK from 20101126 to 20101126

House	Bought	$Val	Ave	Sold	$Val	Ave	Net	$Net
80 National Bank	251,225	1,690,944	6.731	33,875	228,748	6.753	217,350	-1,462,196
9 BMO Nesbitt	127,892	861,757	6.738	42,743	289,177	6.765	85,149	-572,580
52 NCP	79,730	536,789	6.733	30,596	206,065	6.735	49,134	-330,724
2 RBC	105,105	710,003	6.755	57,970	392,152	6.765	47,135	-317,851
124 Questrade	26,080	175,371	6.724	5,400	36,649	6.787	20,680	-138,722
19 Desjardins	16,350	110,340	6.749	4,000	26,956	6.739	12,350	-83,384
101 Newedge	10,700	71,799	6.71	2,600	17,654	6.79	8,100	-54,145
33 Canaccord	10,950	73,479	6.71	3,500	23,526	6.722	7,450	-49,953
13 Instinet	5,900	39,637	6.718	0			5,900	-39,637
58 Qtrade	3,700	24,860	6.719	0			3,700	-24,860
39 Merrill Lynch	2,500	16,955	6.782	200	1,352	6.76	2,300	-15,603
46 Macquarie	1,600	10,720	6.70	0			1,600	-10,720
81 HSBC	5,300	35,536	6.705	3,700	24,849	6.716	1,600	-10,687
79 CIBC	142,948	963,331	6.739	141,900	958,107	6.752	1,048	-5,224
90 Barclays	5,300	35,998	6.792	4,600	31,050	6.75	700	-4,948
94 Hampton	61	415	6.803	0			61	-415
123 Citigroup	4	27	6.75	0			4	-27
15 UBS	0			900	6,090	6.767	-900	6,090
5 Penson	0			1,000	6,690	6.69	-1,000	6,690
72 Credit Suisse	0			1,200	8,138	6.782	-1,200	8,138
12 Wellington	66,600	450,604	6.766	73,900	498,856	6.75	-7,300	48,252
99 Jitney	5,500	36,982	6.724	13,700	92,306	6.738	-8,200	55,324
85 Scotia	28,137	189,676	6.741	39,352	264,155	6.713	-11,215	74,479
7 TD Sec	530,980	3,571,035	6.725	544,500	3,664,073	6.729	-13,520	93,038
121 Jennings	6,300	42,792	6.792	25,000	167,500	6.70	-18,700	124,708
14 ITG	2,600	17,676	6.798	24,990	168,711	6.751	-22,390	151,035
62 Haywood	0			33,800	226,088	6.689	-33,800	226,088
1 Anonymous	179,800	1,210,057	6.73	257,900	1,734,388	6.725	-78,100	524,331
89 Raymond James	34,164	231,120	6.765	302,100	2,034,623	6.735	-267,936	1,803,503
TOTAL	1,649,426	11,107,903	6.734	1,649,426	11,107,903	6.734	0	0

•	BANKERS PETROLEUM ANNOUNCES THIRD QUARTER FINANCIAL RESULTS
	PRNewswire (Thu, Nov 11)

•	BANKERS PETROLEUM ANNOUNCES THIRD QUARTER FINANCIAL RESULTS
	CNW Group (Thu, Nov 11)

•	Wachovia tightens grip on market share lead in Phila. area
	at bizjournals.com (Thu, Oct 7)

•	BANKERS PETROLEUM PROVIDES OPERATIONAL AND CORPORATE UPDATE
	PRNewswire (Thu, Oct 7)

•	BANKERS PETROLEUM PROVIDES OPERATIONAL AND CORPORATE UPDATE
	CNW Group (Thu, Oct 7)

•	Human Capital:People on the move, Sept. 23
	at bizjournals.com (Thu, Sep 23)

•	Human Capital:People on the move, Sept. 21
	at bizjournals.com (Tue, Sep 21)

•	Human Capital:People on the move, Sept. 15
	at bizjournals.com (Wed, Sep 15)

•	Bankers Petroleum Ltd. - Webcast from the Peters & Co. 2010 North American Oil & Gas Conference - September 16, 2010
	CNW Group (Wed, Sep 15)