AUGUST19,2008
THE PIGS "OINK" OF THE DAY
"There are 100 men seekingsecurity to one able man who is willing to risk his fortune."
J. Paul Getty
THEPIG SPEAKS............
The Pig knowsthat the “dog days of summer” occur during the hottest and muggiestpart of the season. The fact the markets are or are not affected bythis malady, is something analysts and market technicians have beenpostulating about for ever. A couple of factoids are.........
1 - Its the period between early July and earlySeptember when the hot sultry weather ofsummer usually occurs in the northern hemisphere.
2 - Its also a period of stagnation or inactivity.
But where does the term come from? Why do we call thehot, sultry days of summer“dog days?” and why don't they call them "Pig Days" ?
Heres a brief history....
In ancient times, when the night sky was unobscured byartificial lights and smog,different groups of peoples in different parts of the world drew imagesin the sky by“connecting the dots” of stars. The images drawn were dependent uponthe culture: TheChinese saw different images than the Native Americans, who sawdifferent pictures thanthe Europeans. These star pictures are now called constellations, andthe constellationsthat are now mapped out in the sky come from our European ancestors.
They saw images of bears, (Ursa Major and Ursa Minor),twins, (Gemini), a bull,(Taurus), and others, including dogs, (Canis Major and Canis Minor).
The brightest of the stars in Canis Major (the big dog)is Sirius, which also happens to bethe brightest star in the night sky. In fact, it is so bright that theancient Romans thoughtthat the earth received heat from it. Look for it in the southern sky(viewed from northern latitudes) during January.
In the summer, however, Sirius, the “dog star,”rises and sets with the sun. Duringlate July Sirius is in conjunction with the sun, and the ancientsbelieved that its heat added to the heat of the sun, creating a stretchof hot and sultry weather. They named this period of time, from 20 daysbefore theconjunction to 20 days after, “dog days” after the dog star.
The conjunction of Sirius with the sun variessomewhat with latitude. And the“precession of the equinoxes” (a gradual drifting of the constellationsover time) meansthat the constellations today are not in exactly the same place in thesky as they were in ancient Rome. Today, dog days occur during theperiod between July 3 and August 11. Although it is certainly thewarmest period of the summer, the heat is not due to the addedradiation from a far-away star, regardless of its brightness. No, theheat of summer is a direct result of the earth's tilt.
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the pigs news release of theday......
Sprott Resource Corp. announces completion of amalgamation of itsMantaro Phosphate Project with Stonegate Minerals
TORONTO, Aug. 19 /CNW/ - (TSX:SCP) - Sprott Resource Corp. ("SRC") today
announced that its subsidiary, which indirectly holds SRC's interest in the
Mantaro Phosphate Project ("Holdco"), has amalgamated with Stonegate Minerals
Ltd. SRC previously announced its intention to amalgamate Holdco with
Stonegate (see press release dated July 15, 2008). The amalgamated company has
been named Stonegate Agricom Ltd. ("Stonegate Agricom").
SRC owns approximately 79 percent of the outstanding shares of Stonegate
Agricom, with the balance owned by former Stonegate shareholders and
participants in a private placement that was completed by Stonegate Agricom
immediately following the amalgamation. Stonegate Agricom has approximately
$7.4 million in working capital, all of which has been provided by Stonegate
and the participants in the private placement.
The key principals of Stonegate, Ian McDonald and Kerry Knoll, will serve
as directors of Stonegate Agricom. SRC has signed a voting agreement with
Stonegate Agricom, under which it has agreed to vote its shares for a period
of three years in favour of each nominee to the board of directors of
Stonegate Agricom proposed by management of Stonegate Agricom, subject to SRC
having one representative on the board of directors and certain other
conditions.
Mark Ashcroft will serve as President and CEO of Stonegate Agricom. Mr.
Ashcroft graduated from Laurentian University with a Bachelor of Engineering
(Mining) and holds a Master's degree in Finance from the ISMA Centre at the
University of Reading. Mr. Ashcroft's mining experience was gained in North
and South America and Australia. Following completion of his Master's degree
he has advised on, and arranged, debt and equity financing for a wide range of
global mining projects. Mr. Ashcroft is a Professional Engineer in the
Province of Ontario.
William Jupp will serve as Chief Financial Officer of Stonegate Agricom.
Mr. Jupp is a Chartered Accountant with over 25 years of financial and
management experience with publicly-traded companies in Canada and the United
States. During his career, he has worked with public companies in real estate,
mining, and oil and gas. From 1995 to 2006, he was with Trizec Canada Inc.
(and its predecessor corporations) where he served as Director, Financial
Reporting and Assistant Secretary of the Company (until acquired by Brookfield
Properties Corporation). From 2007 until 2008, he worked with Brookfield's
management to integrate the operations of Trizec Canada. Mr. Jupp is a member
of the Ontario Institute of Chartered Accoutants and the Alberta Institute of
Chartered Accountants. In addition, he is a Certified Public Accountant
(Illinois).
About Sprott Resource Corp.
SRC is a Canadian based company, the primary purpose of which is to
invest, directly and indirectly, in natural resources. Through acquisitions,
joint ventures and other investments, SRC seeks to provide its shareholders
with exposure to the natural resource sector for the purposes of capital
appreciation and real wealth preservation. SRC is well positioned to draw upon
the considerable experience and expertise of both its Board of Directors and
Sprott Consulting Limited Partnership (SCLP), of which Sprott Asset Management
Inc. is the sole limited partner. Pursuant to a management services agreement
between SCLP and SRC, SCLP provides day-to-day business management for SRC as
well as other management and administrative services.
Forward Looking Statements
Certain statements regarding SRC, including management's assessment of
future plans, may constitute forward-looking statements under applicable
securities laws and necessarily involve risk, including without limitation,
risks associated with mineral exploration projects. SRC's actual results or
achievements could differ materially from those expressed in, or implied by,
the forward-looking statements. No assurance can be given that any events
anticipated by the forward-looking statements will occur. These
forward-looking statements, which are based on management's current
expectations, are made as at the date of this news release. SRC does not
undertake any obligation to publicly update or revise any of these
forward-looking statements, except as required by applicable securities laws.THEPIGS HEADLINE OF THE DAY........
Lawsuit says eatery to blame for 9-foottapeworm
CHICAGO, Illinois (AP) -- A man who contends he gota 9-foot tapeworm after eating undercooked fish has sued a Chicagorestaurant.
In the lawsuit filed Monday, Anthony Franz said he orderedsalmon saladfor lunch from Shaw's Crab House in 2006 and fell violently ill. Helater passed the giant parasite, which a pathologist determined camefrom undercooked fish, such as salmon.
Franz's lawsuit seeks$100,000 from Shaw's and its parent company, Lettuce Entertain YouEnterprises, contending the restaurant's staff was negligent in servinghim improperly cooked fish.
But Carrol Symank, vice president of food safety for LettuceEntertain You, said the tapeworm didn't come from Shaw's.
"We have done a thorough investigation, and we're confidentthe restaurant is not the source," he said.
According to the Web site mayoclinic.com, tapeworms can measureup to 50 feet long.THE PIGSAMERICAN MARKET NEWS OF THEDAY........
Rock bottom eludes U.S. stock market
By Ellis MnyanduNEW YORK (Reuters) - Investors looking for signs the U.S.stockmarket has hit bottom instead are finding volatility and tepid tradingvolumes that suggest the bears are still in control of Wall Street.
The climb seen since the broader market hit a 2008 low onJuly 15has been interrupted by sharp swings, pointing to apprehension aboutthe near-term outlook.
Until there are firm signs of stabilization in the U.S.housingmarket and a let up in mortgage losses that the financial sector isposting, U.S. stocks are unlikely to make much headway, analysts say.
The slide in oil prices to levels last seen in May has beenwelcome,calming worries about inflation and strains in consumer spending.
But even with that optimism, analysts say the wide swings inmajorindexes since July are among the ominous signs that Wall Street hasplenty of room to fall further.
"You can't hit a bottom in August," said Arthur Hogan, chiefmarketanalyst at Jefferies & Co in Boston. "It is a month you can't haveany conviction in anything. There's not enough volume to confirm any ofthe moves we've had."
That would have to wait until next month and the end of thevacation season, he said.
Although major indexes earlierthis week briefly traded above their60-day moving averages, that bounce quickly faded as investors awaitedfurther affirmation of the market trend.THE PIGS WEBSITE OF THEDAY...........
http://www.feedthepig.org/
Valuein mining stocks that have dipped more than commodity
The“corrective” phase the TSX Mines & Metals sub-index has encounteredsince peaking in June with declines of roughly 22% appears to be theresult of concerns that future worldwide demand for metals may bewaning. The weakness of many currencies versus the U.S. dollar, alongwith an apparent rotation out of commodities has also put downwardpressure on base metals recently.
But the decline in stocks hasbeen greater than declines in underlying commodity prices, according toDesjardins Securities. Analysts John Redstone and John Hughes notedthat the London Metal Exchange (LMEX), a pricing index for copper,zinc, lead, nickel, aluminium and tin is down 12% since June, whilerelated equities have fallen just 12%.
While both large and smallcap names have taken hits, the analysts highlighted shares of smallernickel companies like GobiMin Inc., Sherritt International Corp. andFNX Mining Co. Inc. that have been punished most as nickel’s declineexceeded other base metals. They also noted that Thompson Creek MetalsCo. Inc. has fallen more than 30% from its peak despite unchangedmolybdenum prices.
Given these declines, Desjardins says valueinvestors have plenty to shop for, including some of those names andlarge-cap miners like Freeport-McMoRan Copper and Gold Inc. and TeckCominco Ltd.
Jonathan Ratner
PETROSTAR PETROLEUM CORP - PEP:TSX-V
| Price | Change | % Change | Volume | Day High/Low | 52 Week High/Low |
0.41  | +0.02 | +5.13% | 1,940,195 | 0.42/0.33 | 0.7/0.17 |
THE PIG IS STICKING TO HIS TARGET ON THE PEP BOYS. $2 BY SPRING.
KLONDIKE SILVER CORP - KS:TSX-V
| Price | Change | % Change | Volume | Day High/Low | 52 Week High/Low |
| 0.18 | +0.04 | +28.57% | 568,778 | 0.19/0.135 | 0.4/0.135 |
FELIX FARM CAT THE 3RD (SO HE IS A BIT OF A SNOB SO WHAT ?)TOLD ME TO WATCH THIS PENNY PIGLET. SEEMS OLD FELIX IS A SILVER FAN ANDSEES THE NEWS TODAY AS VERY POSITIVE !
AEROMECHANICALSERVICES LTD - AMA:TSX-V
| Price | Change | % Change | Volume | Day High/Low | 52 Week High/Low |
| 0.49 | +0.09 | +22.50% | 476,500 | 0.49/0.35 | 1.48/0.35 |
HUGE COURT DESCISION IN FAVOR OF THE COMPANY TODAY, AND A VERYNICE 52 WEEK HI/LO HAVE THIS PIG READY FOR SOME FEEDING FRENZY !
| Price | Change | % Change | Volume | Day High/Low | 52 Week High/Low |
0.29  | -0.01 | -3.33% | 142,500 | 0.31/0.26 | 0.74/0.155 |
THE PIG IS ASSURED THAT DEVELOPMENTS ARE HAPPENING AND SOONENOUGH WE WILL REAP THE REWARDS OF ANOTHER FAT PICK BY THE PIG.
SENNEN RESOURCES LTD - SN:TSX-V
| Price | Change | % Change | Volume | Day High/Low | 52 Week High/Low |
| 0.40 | +0.03 | +8.11% | 1,022,000 | 0.4/0.39 | 0.49/0.31 |
YES IN DEEDY DO,.............THE PIG SMELLS ACCUMULATION. !!!
PLAYS TO BEGIN TO REINVIGORATE INTEREST AS DRILLING
IS STARTING TO RAMP UP !
THEPIGS PENNY PIGLETS TO WATCH..........
V.PPI........RUMOURSPERSIST OF AN ANNOUNCEMENT
THE PIGS PICKS FOR WIDOWSAND ORPHANS....
ANGLO-CANADIAN URAN CORP - URA:TSX-V
PETROSTAR PETROLEUMCORP - PEP:TSX-V
CANADIAN MINING COMPANY - CNG:TSX-V
BREAKING NEWS OF THE DAY...................
First Narrows Announces Resignation and Consolidation of Operations
Vancouver, BC – August 19, 2008 – First Narrows Resources Corp. (TSX-V: UNO) (the “Company”) reports the resignation of a Director and that, effective immediately, it is closing its office in Calgary, Alberta.
EffectiveAugust 14, 2008, Dr. Adrian Mann resigned from the Company's Board ofDirectors. Dr. Mann joined the Board in September 2007.
The Board of Directors thanks Dr. Mann for his service and guidance to the Company and wishes him every success in his future business endeavors.
About First Narrows Resources Corp.:
First Narrows Resources Corp. (TSX-V: UNO) is a Canadian-basedmineral exploration company whose corporate strategy is to developoverlooked and undervalued mineral properties that offer near termproduction potential. The Company has active projects in theProvince of New Brunswick, Canada and in the State of Sonora, Mexico.The most advanced are the Susana D’Oro Cu-Au-Ag deposit, a former highgrade producer located in Sonora’s Au-Ag and Cu-Mo mining belts, andthe Chester Cu-polymetallic deposit in New Brunswick’s Bathurst MiningCamp, Canada, both 100% owned. For more information visit: www.uno.ca
For Corporate, Media, or Investor Communications contact:
Greg Lytle, Communications Manager
First Narrows Resources Corp.
Toll-free: (866) 285-5817
Int’l. & Vancouver: (604) 839-6946
Email:glytle@uno.ca
ON BEHALF OF THE BOARD OF DIRECTORS
“Peter K. Gummer”
Peter K. Gummer, President
THE PIGS JOKEOF THE DAY............
Two old Jewish men are strolling down the street one day, when they happen to walk by a Catholic church. They see abig sign posted that says, “Convert to Catholicism and get$10.“One of the Jewish men stops walking and stares at the sign.His friend turns to him and says, “Murray, what’s going on?”
“Abe,” replies Murray, “I’m thinking of doing it.”
Abe says, “What are you, crazy?”
Murray thinks for a minute and says, “Abe, I’m going to do it.”
With that, Murray strides purposefully into the church andcomes out twenty minutes later with his head bowed.
“So,” asks Abe, “did you get your ten dollars?”
Murray looks up at him and says, “Is that all you people think about?”