MARKET PRESSURE = BUYING OPPORTUNITIES
As predicted on the AGORACOM Blog, it appears we are now moving into capitulation phase and a great opportunity to buy good small-caps that have been thrown out with the bathwater.
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Why Barrick is getting into the Wind power business. In fact, its an expansion so I guess they were already in to begin with. Just strikes me as odd why Barrick of all people would be in it.
Barrick Awaiting Approval for Expansion of Punta Colorada Wind Project, an Industrial Info News Alert
Wednesday June 25, 8:30 am ET
CORDOBA, ARGENTINA--(MARKET WIRE)--Jun 25, 2008 -- Researched by Industrial Info Resources (Sugar Land, Texas) -- Barrick Gold Corporation (NYSE:ABX - News) (Toronto, Ontario) has submitted an environmental impact statement to Corema of Chile's Region IV to expand the Punta Colorada wind-generating project. The original project consisted of a 20-megawatt (MW) windfarm equipped with 10 wind turbines to supply electricity to Chile's national power grid. Now the development calls for the expansion of the wind park from 20 MW to 36 MW, increasing the number of wind turbines from 10 to 18 and adding 79 more acres for a total of 597 acres.
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President & CEO Eric LeBoeuf Talks About Developments at the 289,890oz Croinor Gold Project
