PINL:HLOSF - Post by User
Post by
ama21968on Sep 24, 2010 8:45am
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Post# 17487421
Morning note Target $2.10
Morning note Target $2.10
| Morning Note - September 23rd, 2010 |
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Halo Resources Ltd.(HLO-TSXV)
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Speculative BUY – Target: $2.10
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Sept. 22/10 closing price:
.28
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Michael G. Fowler, M.Sc, MBA
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416-964-4440
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Halo Announces Significant Geophysical Anomalies On Lost Lake Extension – Positive: The company announced that as a result of a deep penetrating geophysical technique that the Lost Lake copper-zinc metal deposit lookalikes may occur on the strike extension and within 1,000 metres. The deep penetrating electromagnetic method can detect base metal deposits below 200 metres in depth, a level at which there has been no drilling in the past. Although this is positive, the proof will be in the pudding, in that these anomalies will have to be drill tested.
We continue to rate the shares a speculative buy with a $2.10 target.
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