Lets see if BHWF gets some continuation from the Thursday and Friday pop. If I had to guess you should get the morning pop followed by some afternoon profit taking.
PMDP released some news on Friday (pasted below for your viewing pleasure) that indicates this stock might become more active. If Fridays 80% pop was any indication of what lies ahead, then shares of this stock could be attractive at these levels.
PMDP news:
Plateau Mineral Development, Inc. Announces Construction of an Environmental Testing Lab
WINSTON-SALEM, NC, Jul 10, 2009 (MARKETWIRE via COMTEX) -- Plateau Mineral Development, Inc. (PINKSHEETS: PMDP), along with its partner, Plateau Mineral Development LLC, announced today that the firm has built a lab which is outfitted to test polluted soils.
An extremely large number of polluted sites that require clean up exist across the country. Currently, there are no low-impact systems that work, and multitudes of site caretakers have been inquiring about possibilities.
The lab is already proving to be a successful endeavor; trial remedial efforts with various micro-organisms have achieved nitrate reductions in excess of 90%. This, in turn, prevents algae blooms and signifies that the water is ready to be sent back into the natural streams. Efforts such as these can be used to retrieve phosphate-laden water and soil to be recycled in conjunction with the farming community. This "green" environmentally friendly system uses microbes and enzymes to clean up pollution in a wide variety of situations without the need to remove material for processing.
Tests were performed on water contaminated with excessive amounts of nitrogen. The results portion of the lab report is due out within ten days. The technology portion will remain confidential.
A representative of Plateau Mineral Development states, "The construction of the lab and the resulting tests will create environmental credits for the water management districts in Florida. We are pleased to have access to such advanced technology which will aid us in being more environmentally sound by decreasing pollution and recycling valuable resources."
About Plateau Mineral Development, Inc.: Plateau Mineral Development, Inc. specializes in the exploration and development of energy sources. Its partner, Plateau Mineral Development LLC, has been in existence for over five years with successful new wells and rework wells selling both gas and oil.
Safe Harbor Statement: This news release contains "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. When used in this release, words such as "estimate," "expect," "anticipate," "projected," "planned," "forecasted" and similar expressions are intended to identify forward-looking statements, which are, by their very nature, no guarantees of Plateau's future operational or financial performance, and are subject to risks and uncertainties. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. Due to the risks and uncertainties, actual events may differ materially from current expectations. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Contact:
Orion Financial
800-400-1290
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