SIRI, BGG, SMS, KAI, MJS.V - Stock Review from CRWEFinance.com
Sirius XM Radio (Nasdaq: SIRI) recently announced that it will provide comprehensive coverage of the 2011 golf season, offering more live play-by-play than any other TV or radio broadcaster and giving listeners nationwide access to the full schedule of events featuring the world’s best golfers. SiriusXM will broadcast live play-by-play of the 2011 PGA TOUR season, featuring THE PLAYERS Championship (May 12-15 from TPC Sawgrass, FL), and all four major championship events — the Masters (April 7-10 from Augusta National Golf Club, GA), the U.S. Open Championship (June 16-19 from Congressional CC, MD), The Open Championship (July 14-17 from Royal St. George’s GC, Kent, England) and the PGA Championship (August 11-14 from Atlanta Athletic Club, GA). SiriusXM’s coverage will also include the PGA TOUR Playoffs for the FedExCup: The Barclays (August 25-28 from Plainfield CC, NJ), Deutsche Bank Championship (September 2-5 from TPC Boston, MA), BMW Championship (September 15-18 from Cog Hill GC, IL) and THE TOUR Championship presented by Coca-Cola (September 22-25 from East Lake GC, GA).
Sirius and XM listeners will have access to hole-by-hole coverage every day of tournament play for each event, as well as expert analysis on the PGA TOUR Network channel, the only radio channel dedicated to professional golf. Live tournament coverage and the PGA TOUR Network channel are available to all XM subscribers and to Sirius subscribers who purchase the “Best of XM” programming package, and are available nationwide on XM channel 146 and Sirius channel 209. Play-by-play coverage of the U.S. Open Championship will air on ESPN Radio, Sirius channel 120 and XM channel 140. Sirius and XM listeners will also be able to access live tournament play-by-play and the PGA TOUR Network channel online at sirius.com and xmradio.com as well as on the Apple iPhone, iPod Touch, BlackBerry and Android-powered mobile devices using the SiriusXM Premium Online App.
Sirius XM Radio is America’s satellite radio company. SiriusXM broadcasts more than 135 channels of commercial-free music, and premier sports, news, talk, entertainment, traffic, weather, and data services to more than 20 million subscribers in cars, trucks, boats and aircraft, and through a wide range of mobile devices. SiriusXM offers an array of content from some of the biggest names in entertainment, as well as from professional sports leagues, major colleges, and national news and talk providers.
SiriusXM programming is also available at sirius.com and xmradio.com, and on Apple iPhone and iPod touch, BlackBerry and Android-powered mobile devices using the SiriusXM Premium Online App. SiriusXM has arrangements with every major automaker and its radio products are available at retail locations nationwide, as well as shop.sirius.com and shop.xmradio.com.
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Majestic Gold Corp. (TSX.V:MJS) (FSE:MJT) is pleased to announce the results of an updated resource estimate on its Song Jiagou Mine. As part of the ongoing assessment on the Song Jiagou Mine, Wardrop Engineering Inc. (”Wardrop”) has revised their previous resource estimate (NR 23 April, 2010) as a result of the revision to the contract mining costs (NR 30 September 2010) which allowed cut-off grades to be reduced from 0.40 g/t to 0.30 g/t and warranted a revision of the block model. Subsequent to the initial resource estimate, Wardrop determined that rotating the block model perpendicular to drilling direction was the most favorable orientation to evaluate the deposit and to calculate the revised resource.
The new cut-off grade and the re-orientation of the model significantly increased the overall size of the resource and the contained ounces of gold in both the inferred and indicated categories. The most significant changes from the previous estimate are: Increase in Indicated tonnes by 35.34% to 33,739,586 tonnes; Increase in Indicated contained gold by 24.09% to 1,244,211 ounces; Increase in Inferred tonnes by 37.96% to 38,812,054 tonnes; and Increase in Inferred contained gold by 7.48% to 1,830,576 ounces.
The increase in the size of the resource from 53 to 72.5 million tonnes will very significantly reduce the strip ratios to be used as Majestic Gold continues its engineering studies on the Song Jiagou mine. Wardrop will move forward now to re-evaluate a production pit design.
Majestic Gold continues to work with Wardrop and its sister company, Tetra Tech (Beijing) Consultancy Company Limited, (both subsidiaries of Terta Tech Inc.) to complete a Preliminary Economic Assessment, concurrent with the required Chinese Geological and Engineering studies required to apply for increased production levels at Song Jiagou. The results of these studies will ultimately culminate in a Pre-feasibility report.
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Briggs & Stratton Corp. (NYSE:BGG) announced that it has priced a public offering of $225 million aggregate principal amount of its senior notes due 2020, which will bear interest at a rate of 6.875%. The offering is being made pursuant to a shelf registration statement and is expected to close on December 20, 2010. The Company intends to use the net proceeds from the offering to redeem its outstanding 8.875% Senior Notes due March 15, 2011 and to pay fees and expenses in connection with the offering and redemption and for general corporate purposes.
Briggs & Stratton Corporation designs, manufactures, markets, and services air cooled gasoline engines for outdoor power equipment worldwide. It operates through two segments, Engines and Power Products.
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Sims Metal Management Limited (NYSE:SMS) Sims Metal Management filed its annual report for the fiscal year ended 30 June 2010 on Form 20-F with the United States Securities and Exchange Commission and with the Australian Securities Exchange. The Form 20-F is available on the Company’s website at simsmm.com. Shareholders may request a hard copy of the Company’s complete audited financial statements, free of charge, upon request.
Sims Metal Management is the world’s largest listed metal recycler with approximately 230 facilities and 5,600 employees globally. Sims’ core businesses are metal recycling and recycling solutions.
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Kadant Inc. (NYSE:KAI) announced that it has received orders totaling $17.6 million for eight stock-preparation systems from four containerboard producers in China since the beginning of the fourth quarter of 2010. Included in the total were $14.1 million of pending orders that were previously disclosed in the Company’s press release issued October 27, 2010 and for which the Company has since received down payments. All of the systems are scheduled for delivery in the second half of 2011.
Kadant Inc. develops, manufactures, and markets equipment and products for the papermaking and paper recycling industries.
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