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Analyst Comments: Ocwen Financial, Honda, Juniper Networks, Del Monte

Tue, 29 Jul 2008 18:15:00 GMT

Ocwen Financial Corporation (OCN) will release its 2Q08 earnings results on August 5, 2008, with a conference call scheduled on the same day at 11.00 am ET. 1Q08 earnings of $5.9 million or $0.09 per share were slightly short of estimates. The revenues increased 6.6% sequentially due to higher process management fees and servicing fees while the operating expenses were down 15.9%. The company was also able to moderate the rise in delinquencies during the quarter but we suspect that the continued deterioration in the housing market, leading to decline in originations and increase in borrower defaults, coupled with the liquidity issues, will continue to challenge OCN in the near-to-medium term. OCN currently trades at 9.4 times the consensus forward estimate, a 39% discount to the peer group median. It also should be noted that the peer group is not a perfect fit, and we see[More...]

Stocks to Stay Short With!!

Mon, 19 May 2008 16:11:38 GMT

Should I have stayed short KYUS over the weekend? I left because there might be trouble (weekend mailers?), but if I stayed it would be double (me a part of the potential short squeeze)???nah good decision to take profits???got my shares reserved to get b[More...]

TSX Venture Exchange Daily Bulletins

Tue, 23 Jun 2009 21:49:00 GMT

VANCOUVER, June 23 /CNW/ -
Upon revocation of the Cease Trade Order, the Company's shares will remain suspended until the Company meets TSX Venture Exchange requirements.
Members are prohibited from trading in the securities of the company during the period of the suspension or until further notice.

[More...]

Cardero Provides Update on the Pampa El Toro Iron Sand Project, Marcona District, Southern Peru

Thu, 13 Nov 2008 13:26:00 GMT

VANCOUVER, BRITISH COLUMBIA -- -- 11/13/08 -- Cardero Resource Corp. is pleased to provide an update on the Pampa El Toro iron sands project, located in the Marcona district, Peru. Cardero is currently focusing on two production scenarios for PET iron concentrate, involving near-term iron concentrate production and medium-term pig iron production. The first scenario involves early production of a direct-shipping iron oxide concentrate that could be used as a sinter feed or pelletized into blast furnace feed. The second scenario involves combining the magnetite concentrate with a reductant and melting in an electric arc furnace to produce high quality pig iron along with titanium and vanadium by-products.[More...]

Cardero Resource Corp.: SRK Updates Preliminary Economic Assessment for Pampa De Pongo Iron Deposit ; After-Tax NPV8% Increases to US$4.1 Billion, IRR Increases to 20% Cardero Receives Final Preliminary Economic Assessment Technical Report

Wed, 29 Oct 2008 19:54:00 GMT

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 29, 2008) - Cardero Resource Corp. ("Cardero" or the "Company") (TSX:CDU)(NYSE- A:CDY)(FRANKFURT:CR5) is pleased to announce that SRK Consulting (Canada) Inc. ("SRK") has updated the recent Preliminary Economic Assessment for the Pampa de Pongo iron deposit.
The increased NPV and IRR result from the positive MIDREX Direct Reduction material evaluation (See NR 08-25), which demonstrated the suitability of Pampa de Pongo iron oxide pellets as Direct Reduction (DR) process feed.
DR-grade pellets typically attract a premium of at least 10%, which has increased the after-tax NPV8% by approximately US$700 Million to US$4.1 Billion, and increased the real after-tax IRR from 18% to 20%.

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Cardero Resource Corp.: SRK Updates Preliminary Economic Assessment for Pampa de Pongo Iron Deposit

Wed, 29 Oct 2008 19:13:00 GMT

- Cardero Resource Corp. is pleased to announce that SRK Consulting Inc. has updated the recent Preliminary Economic Assessment for the Pampa de Pongo iron deposit. The increased NPV and IRR result from the positive MIDREX Direct Reduction material evaluation , which demonstrated the suitability of Pampa de Pongo iron oxide pellets as Direct Reduction process feed.[More...]

Cardero Resource Corp.: SRK Updates Preliminary Economic Assessment for Pampa de Pongo Iron Deposit

Wed, 29 Oct 2008 19:12:00 GMT

VANCOUVER, BRITISH COLUMBIA -- -- 10/29/08 -- Cardero Resource Corp. is pleased to announce that SRK Consulting Inc. has updated the recent Preliminary Economic Assessment for the Pampa de Pongo iron deposit. The increased NPV and IRR result from the positive MIDREX Direct Reduction material evaluation , which demonstrated the suitability of Pampa de Pongo iron oxide pellets as Direct Reduction process feed.[More...]

Cardero Agrees to Sell Pampa de Pongo Iron Ore Deposit to Nanjinzhao Group Co., Ltd. for USD 200 Million

Mon, 27 Oct 2008 12:57:00 GMT

- Cardero Resource Corp. is pleased to announce that it has entered into an agreement with Nanjinzhao Group Co., Ltd., a private Chinese enterprise located in Zibo City, Shandong Province, PRC, whereby Cardero Hierro del Peru, S.A.C., the holder of the Pampa de Pongo Iron Property, will sell its 100% interest to Nanjinzhao for a total purchase price of USD 200 million.[More...]

Cardero Agrees to Sell Pampa de Pongo Iron Ore Deposit to Nanjinzhao Group Co., Ltd. for USD 200 Million

Mon, 27 Oct 2008 12:56:00 GMT

VANCOUVER, BRITISH COLUMBIA -- -- 10/27/08 -- Cardero Resource Corp. is pleased to announce that it has entered into an agreement with Nanjinzhao Group Co., Ltd., a private Chinese enterprise located in Zibo City, Shandong Province, PRC, whereby Cardero Hierro del Peru, S.A.C., the holder of the Pampa de Pongo Iron Property, will sell its 100% interest to Nanjinzhao for a total purchase price of USD 200 million.[More...]

Cardero Produces Premium Direct Reduced Iron Grade Pellets from Pampa de Pongo Iron Deposit in Peru

Mon, 20 Oct 2008 13:27:00 GMT

- Cardero Resource Corp. is pleased to announce highly positive results from direct reduction testing of Pampa de Pongo pellets at MIDREX Technologies Inc. in the USA. Results indicate metallurgical and chemical properties of the pellets produced from the Pampa de Pongo iron deposit exceed industry standards for premium, high-quality Direct Reduced Iron or Hot Briquette Iron feed.[More...]

Cardero Produces Premium Direct Reduced Iron Grade Pellets from Pampa de Pongo Iron Deposit in Peru

Mon, 20 Oct 2008 13:26:00 GMT

VANCOUVER, BRITISH COLUMBIA -- -- 10/20/08 -- Cardero Resource Corp. is pleased to announce highly positive results from direct reduction testing of Pampa de Pongo pellets at MIDREX® Technologies Inc. in the USA. Results indicate metallurgical and chemical properties of the pellets produced from the Pampa de Pongo iron deposit exceed industry standards for premium, high-quality Direct Reduced Iron or Hot Briquette Iron feed.[More...]

Cardero Produces Premium Blast Furnace Pellets From World-Class Pampa de Pongo Deposit

Thu, 16 Oct 2008 13:26:00 GMT

VANCOUVER, BRITISH COLUMBIA -- -- 10/16/08 -- Cardero Resource Corp. is pleased to announce receipt of highly positive results from metallurgical testing at the Natural Resources Research Institute , Minnesota. Results indicate that the physical, metallurgical and chemical properties of the Pampa de Pongo pellets exceed industry standards for high-quality blast furnace feed. Pellets have been shipped to MIDREX Technologies Inc. for further evaluation as potential Direct Reduction grade pellets. Direct Reduction pellets are premium products and typically attract higher value contracts than Blast Furnace grade pellets.[More...]

Cardero Produces Premium Blast Furnace Pellets From World-Class Pampa de Pongo Deposit

Thu, 16 Oct 2008 13:26:00 GMT

- Cardero Resource Corp. is pleased to announce receipt of highly positive results from metallurgical testing at the Natural Resources Research Institute , Minnesota. Results indicate that the physical, metallurgical and chemical properties of the Pampa de Pongo pellets exceed industry standards for high-quality blast furnace feed. Pellets have been shipped to MIDREX Technologies Inc. for further evaluation as potential Direct Reduction grade pellets. Direct Reduction pellets are premium products and typically attract higher value contracts than Blast Furnace grade pellets.[More...]