ABSOLUT RESOURCES CORP(ABS): Project Update
Pinnacle Digest: Absolut Resources Corp: Project Update
Feb 16, 2007 (M2 PRESSWIRE via COMTEX News Network) --
Absolut Resources Corp (TSX-V: ABS) experienced a slight loss in the markets Thursday, as shareholders witnessed their company's share value decrease 1.01% following the exchange of 64,570 shares trading hands throughout the day. The share price did not move during trading, staying steady at $0.49 until market's close. In the article below, PinnacleDigest intends to further explore Absolut Resources Corp and the gold sector in which it resides in. To continue this read and find out why our client base continues to grow, come explore www.pinnacledigest.com.
Gold is usually an investment most sought after when the economy is showing signs of weakness. Because of this, the precious metal may continue to fall on speculation that the world's largest economy may be growing. It is well known that gold and the dollar move in opposite directions. Since growth in America's economy has started bringing momentum to the dollar, gold has dropped off in recent days. The question now is: where does gold go from here?
In corporate news, representatives from Absolut Resources Corp. announced that it has received results from an underground bulk sampling program at the Chaparra high-grade gold mesothermal vein system, located 45 km east of the coastal town of Chala, in the department of Arequipa, Peru. The Chaparra Project consists of 3,730 hectares of exploration concessions within the Chaparra District of the Nazca-Ocona gold belt. PinnacleDigest is interested in this company's progress and will be watching for additional corporate developments in the coming months.
It is our purpose at PinnacleDigest to keep investors informed and up-to-date on the sector that most influences their company. We are constantly adding new features to our investment community and believe our unique investment approaches can benefit every investor. The gold sector plays a pivotal role on a company such as Absolut Resources Corp as well as their overall development and success. To continue this read and to learn more about the gold sector 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 commitment to our service. If you would like to contact us please write to firstname.lastname@example.org.
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 similar to this one and many other useful services we know you will find valuable. Keeping you educated and up-to-date with the market is one of our main purposes. Our approach in achieving this goal and our ability to consistently deliver high quality investment material is what defines our business model.
Investors seeking a distinctive approach to investing should also visit www.pinnacledigest.com for a complimentary membership.
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, as well as our main feature which is 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 http://www.presswire.net on the world wide web. Inquiries to email@example.com.
(C)1994-2007 M2 COMMUNICATIONS LTD