Pinnacle Digest: Silver Bar At Erbahuohttps://www.stockhouse.com/news/print_news.asp?newsid=4814297
Pinnacle Digest: Silver Bar At Erbahuo
11/27/2006
Nov 27, 2006 (M2 PRESSWIRE via COMTEX News Network) --
Silver Dragon Resources (OTCBB: SDRG) shareholders witnessed their shares increase 5.17% following the exchange of 550,299 shares throughout the day Friday. This company wants to become a significant producer of silver through its two projects, the Cerro las Minitas and the Erbaohuo. In recent news, management has agreed that producing silver dore bars, as opposed to producing precipitates, would allow the company to store the bars for future sales should silver prices increase. Pinnacle acknowledges their can be a strong relationship between the silver sector and companies within it. That being said, we felt it worthwhile to conduct additional research on the industry and its affects on Silver Dragon Resources. To continue this read and find out why our client base continues to grow, come explore www.pinnacledigest.com.
Silver is in many cases predominantly overlooked as a viable investment as far as commodities go. The attention major commodities such as oil and gold demand tend to steel the limelight from silver. It is also more convenient and easier to invest in these types of commodities. The facts don't support this type of behavior lately as Silver has been growing steadily over the last few months and is becoming more and more popular with commodity traders. Statistically speaking the spot price of silver has jumped a solid 16% over the past two months and 30% this year alone. The increase in price is due to a continued strong investor demand in 2006 as well as the launching of the world's first silver-backed Exchange Traded Fund.
In a recent announcement made by Silver Dragon, Sanhe-Sino-Top Resources & Technologies Co., Ltd. ("Sino-Top") has poured the first silver dore bar of approximately 4.2 kilogram (135 ounces) at the Erbahuo Silver Mine at the Erbahuo Silver Project, China. This major milestone is part of the ongoing developments and improvements being made at the mine. The bar contains 99.95% Silver. The Company has a 60% ownership interest in Sino-Top. PinnacleDigest believes silver's current state could propel companies such as Silver Dragon in the future. It is also likely that they will focus to improve their properties faster as the drive continues upward. We will be monitoring Silver Dragon and its properties in China over the next few months for additional corporate developments. Pinnacle is fascinated by this recent news and will be investigating it in the future months. To continue this read and to follow up on Silver Dragon Resources come explore www.pinnacledigest.com.
To continue with this report as well as other related articles, please visit www.pinnacledigest.com for a complimentary membership. It should be stated that our membership requires no credit card information, nor any commitment to our service. If you would like to contact us please write to support@pinnacledigest.com.
PinnacleDigest has no vested interest in the company mentioned herein. This source of information is from an unbiased perspective. If you wish to become a member of www.pinnacledigest.com you will be gaining access to articles such as this, and many other services we know you will find valuable. Keeping you informed and up-to-date with the market is one of our main goals. Our approach in achieving this goal and our ability to consistently deliver high quality investment material is what defines our business model.
About Pinnacle Digest
Pinnacledigest.com is an emerging online financial newsletter community. We put together informative material, capturing the information that we know will give you an edge to your portfolio and more specifically your investment approach.
Once a member of PinnacleDigest you will be able to access our complimentary full-length research reports on selected companies, our weekly volumes, and our market overviews. In addition to these services we are confident you will enjoy our many other services, which are also available to all our members.
We pride ourselves in having a multi purpose online magazine and encourage you to join our community.
This news release shall not constitute an offer to sell or the solicitation of any offer to buy securities in any jurisdiction.
All material herein was prepared by Pinnacledigest.com (Pinnacle Digest) based upon information believed to be reliable. The information contained herein is not guaranteed by Pinnacledigest.com to be accurate, and should not be considered to be all-inclusive. The companies that are discussed in this opinion have not approved the statements made in this opinion. This opinion contains forward-looking statements that involve risks and uncertainties. This material is for informational purposes only and should not be construed as an offer or solicitation of an offer to buy or sell securities. Pinnacledigest.com is not a licensed broker, broker dealer, market maker, investment banker, investment advisor, analyst or underwriter. Please consult a broker before purchasing or selling any securities viewed on or mentioned herein. Pinnacledigest.com may receive compensation in cash or shares from independent third parties or from the companies mentioned.
Pinnacledigest.com will not advise as to when it decides to sell and does not and will not offer any opinion as to when others should sell; each investor must make that decision based on his or her judgment of the market.
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a companies' annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission.
You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and Pinnacledigest.com undertakes no obligation to update such statements.
M2 Communications Ltd disclaims all liability for information provided within M2 PressWIRE. Data supplied by named party/parties. Further information on M2 PressWIRE can be obtained at https://www.presswire.net on the world wide web. Inquiries to info@m2.com.
(C)1994-2006 M2 COMMUNICATIONS LTD