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Shayne Heffernan is an Economist, Trader, Fund Manager and Venture Capitalist based in Asia. He also serves as Editor and contributor at, Founder of The Heffernan Group and currently building the company's financial services business in China. Major shareholder and CEO... More
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  • Arizona Produces Huge Gold Reserve

    Exclusive Interview with Micheal Mitsunaga – President, CEO and DirectorArizona Gold and Onyx Mining Co PINK:VGCP

    Arizona Gold and Onyx Mining Co PINK:VGCP is pursuing exploration and development on its polymetallic property, known as the Mayer Project, located in Arizona, the leading mining state in the U.S.A. Initially, the Company intends to commence production of high grade onyx from a large deposit on the property and to also investigate the occurrences of Gold, Silver, Platinum Group Metals (PGMs) and Copper that have been discovered on the property.

    While a variety of onyx occurs on the project, the largest portion of the deposit consists of rare and beautiful “Honey” onyx, widely used in kitchens, baths and in many other interior and exterior décor. As well, pure black onyx coveted by the jewelry trade and other high-end users, and commanding a premium price in onyx markets worldwide, occurs on the property.

    With rising demand and prices for high quality onyx, as well as for precious and base metals globally, Arizona Gold and Onyx is enthusiastic that its Mayer mining project in Arizona represents excellent potential and a compelling opportunity for profitable minerals production during the new global paradigm of the 20th Century in which mineral commodities are the foundation for economic growth.

    What is the VGCP Estimated Reserve Today:

    Currently, VGCP’s estimated reserves are: $238 Million of onyx, and $18.7 Million of gold. These reserves do not include other precious metals, such as silver or copper.

    What do you expect in reserves by year end:

    Due to probable acquisitions, the estimated projections by the end of 2011 are: $1 Billion in onyx and between 18M and 24M ounces of gold. These projections do not include other precious metals, such as silver or copper.

    Is funding in place for production:

    The Company is has funding for our needs on an ongoing basis.

    When will the company be producing Gold:

    Aggressive estimates have the Company producing gold by year’s end; conservative estimates put production out nine months to one year.

    What $ value do you put on the Onyx reserves:

    Current value of the onyx reserves is $238 Million.

    When will Onyx production begin:

    Onyx production is estimated to begin somewhere between twelve and eighteen months.

    Where are the Gold Sites:

    Currently, VGCP has the right to gold deposits in Arizona near Flagstaff at its Mayer Mine. VGCP is also reviewing two separate acquisitions in Arizona and Nevada. In the event that the Company is able to finalize either mine, the gold reserves would jump to between 18M and 24M ounces of gold reserves.

    What Exchange are you aiming for:

    The Company needs to be at least on the Bulletin Board, but preferably on a main board in the USA.

    What is the news regarding drilling, testing:

    After the finalization of the imminent financing, drilling and testing will begin immediately. Estimates are that the drilling and testing will take between ninety and one hundred eighty days to complete.

    Jul 14 1:03 PM | Link | Comment!
  • Shayne Heffernan Wall St Week Ahead

    Shayne Heffernan Wall St Outlook

    Over the last week we have seen the continued slide in Equity values in the USA which has weighed down world markets to some extent.

    This week will see quadruple witching Friday, when the options for stock-index futures, single-stock futures, equity options and stock-index options for June expire, we have fallen almost 1,000 points on the Dow of late so expect most of the closing action will in fact be buying to close short positions.

    Expect increased volume and the possibility of big moves in the market. Expiration also has the potential for increased volatility, especially intra-day volatility next week.

    One encouraging sign is the CBOE Volatility index which remained relatively unchanged, indicating market participants have yet to push the panic button.

    As Warren Buffett has said “A public-opinion poll is no substitute for thought.”

    Investors should do their own thinking, as we move in to a new week most of the media is reporting on more falls ahead, however we remain buyers of US equities and our own research points to an event driven fall, a delayed impact of the horrifying Japan Earthquake and Tsunami and the following Nuclear threat, much of the slowdown in the data released is the result of the global uncertainty and supply disruptions that occurred in Japan.

    It is true Wall St has slipped passed technical support levels, with the S&P 500 falling below the April 18th low of 1294.70, leaving 1250 level as the next area of support.

    Shorters took center stage last week as the daily volume put/call ratio for equity options on the Chicago Board Options Exchange (NASDAQ:CBOE) hit an 18-month high on Wednesday, indicating that investors are significantly bearish on the stock market.

    Full Report

    Jun 12 9:44 AM | Link | Comment!
  • Looking at Thailand 2011

    Chutinush Taksinapinunt: Exclusive interview with Khun Teera Phutrakul, the founder of JT Financial Planners, has been the leading force in the investment management industry in Thailand for over 25 years.

    He was Executive Chairman of Finansa Asset Management from 2005 to 2010 and prior to that President & CEO of SCB Asset Management and Managing Director of Thai Capital Management.

    He also served as Chairman of the Association of Investment Management Companies, AIMC and is currently on the board of the Thai Financial Planners Association, TFPA as well as the current Chairman of the Business & Economic Committee, The American Chamber of Commerce in Thailand.

    Q : What is the biggest opportunity in Thailand?

    A : Thailand was supposed to be the “Bread Basket of Asia” but that is no longer the case. Vietnam has overtaken us in terms of rice production and they now grow more coffee than Brazil! Rice has been heavily politicized with all the wrong policies such as price support/guarantee. As a result, our farmers are forever in debt and became less productive.

    So the biggest challenges at the moment are healthcare sector and tourism. Medical Tourism in Thailand is very famous in world market especially middle-level income from American, European and Middle East region which is very huge market. We cannot compete against Korea or Taiwan on automobile parts or IT.

    Read Full Report
    Tags: TTF, THD, Thailand
    Jun 11 4:45 AM | Link | Comment!
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