Apella Soars
1
Trading Desk PDAC 2011: Apella soars Peter Koven Mar 9, 2011 – 12:31 PM ET It wouldn’t be a PDAC show without some junior getting a massive spike in its share price on positive news. This year’s winner appears to be Apella Resources Inc., which jumped as much as 64% on Wednesday. The Vancouver-based miner won a long-running legal battle over the Lac Dore deposit in Quebec, a potentially rich source of vanadium. Apella and another company tried to stake the same claims in the midst of a staking rush in 2007. Last year, the government refused to award some of the claims to either company. But now a judge has awarded them to Apella. “This is precisely the outcome we sought, nothing more, nothing less,” chief executive Patrick O’Brien said in a statement. Posted in: Mining, Trading Desk Tags: Apella Resources, Mining, PDAC 2011, Quebec, Trading Desk, Vanadium More from Peter Koven
-
Upload
vanadium-guru -
Category
Documents
-
view
220 -
download
6
description
“This is precisely the outcome we sought, nothing more, nothing less,” chief executive Patrick O’Brien said in a statement. Apella and another company tried to stake the same claims in the midst of a staking rush in 2007. Last year, the government refused to award some of the claims to either company. But now a judge has awarded them to Apella. More from Peter Koven Peter Koven Mar 9, 2011 – 12:31 PM ET
Transcript of Apella Soars
Trading Desk
PDAC 2011: Apella soars
Peter Koven Mar 9, 2011 – 12:31 PM ET
It wouldn’t be a PDAC show without some junior getting a massive spike in its share price on positive news.
This year’s winner appears to be Apella Resources Inc., which jumped as much as 64% on Wednesday. The
Vancouver-based miner won a long-running legal battle over the Lac Dore deposit in Quebec, a potentially rich
source of vanadium.
Apella and another company tried to stake the same claims in the midst of a staking rush in 2007. Last year, the
government refused to award some of the claims to either company. But now a judge has awarded them to
Apella.
“This is precisely the outcome we sought, nothing more, nothing less,” chief executive Patrick O’Brien said in a
statement.
Posted in: Mining, Trading Desk Tags: Apella Resources, Mining, PDAC 2011, Quebec, Trading Desk,
Vanadium
More from Peter Koven
