SANTOY RESOURCES LTD: Acquires another 500 Ha of claims!

Just when we are suggesting a little caution Santoy Resources Limited puts out some good news, once again demonstrating that they are on the ball.

Santoy and its joint venture partner, Melkior Resources Incorporated have just announced the acquisition of a 100% interest in 13 claims totalling 501.55 Ha at Lac Laparre in the Otish Mountains district of Quebec.

It warms the heart to have a steady news stream and reassures us that they have not fallen asleep at the wheel. They also say that the best grab sample was reported to have assayed 0.26% U3O8, okay so far.

This uranium stock has opened today up 6.12% at $1.04, on a volume of 300,000 plus shares traded, goody! Volume was looking a little weak.

A nice start to the week, as we said “Keep an eye”

Melkior Resources Incorporated trades on the TSX.V under the symbol of MKR

29 January 07

Comments

[JoeBronx]

So Santoy "warms the heart," and is "on the ball?"

Did you know this corrupt company changed it's name to "Pitchblack Resources" for no other reason than to make it's 95% market cap evaporation disappear on all stock charts? And it no longer has a website or even a telephone number? ( Another great Dines' recommendation!)

I do applaud you for having the guts to keep this snippet up here, though.

[Robert]

Hi Joe,

I don't read comments very often anymore (on this site) but whenever I read yours, there is bitterness in them, and a lot of that is directed at Dines. I, too, lost a lot in the 2008 meltdown...went from $240,000 portfolio to $17,000. But since Nov. 2008, I am back to $140,000. And Dines has led me through this, out of uraniums and into rare earths, and now back into uraniums. My point is that if you keep blaming Dines you will prevent yourself from seeing any possibilities he recommends. It is our human nature to blame but we can allow ourselves to be that way and rise above it, too, if we want.
I hope you allow success and wealth to flow to you once again, as you are a very interesting guy.

[JoeBronx]

You're very perceptive, Robert;

Yes, there IS a lot of bitterness when I blame Dines for a $200,000 plus gaping hole in my portfolio(I got you beat, but not by much). After all, I never would have heard of any of these dogs if not for him, but it was MY decision to buy them, and MY decision not to bail out sooner, which is why one can't insult me by calling me a crybaby or a whiner, as I've known it myself for years.

And you're right, I IGNORED his rare earths as a result (thankfully I got into gold & silver options at the right time to help recover), but my uraniums would have to go up by something like 1,000 percent each just to break even- is that depressing, or what?

Good luck to you as well, and maybe someday, I'll be able to laugh at my panicking in uraniums back in the day.

PS: To be perfectly honest, I'm a total bore.........;-D)

[Uranium Stocks]

We have to read as widely as we can and then make our own investment decisions, some are OK, some come back to bite us, its a learning process and as they say: experience is dear school but its lessons are well taught.

[Robert]

Hey Joe (sounds like a Jimi Hendrix song),

Portfolio is up another $14,000 in 2 days. I follow rare earths and it is like the 2006 days in uranium when any company that changed it's name and put "uranium" in there had a big upside. I see the same thing now, "Hey, I was walking along a path and picked up a boulder and it had 2% rare earths (TREO) in it. We're going to do some exploring now, so send us your money." :-))

[Uranium Stocks]

JoeBronx,

I think that its now time to draw a line in the sand on this one, so we would ask you kindly not to metion other writers in future on this site as it is not fair on them.

Have a 'pop' at us all you want, but please leave the others out of it.

Many thanks,

Bob