Construction Activity at Denver, mid May 2010

Construction has started at Green Park LLC’s wholly owned green parking facility.  The CEO of Greenscape Capital Group (Greenscape is a 90 percent equity owner in the project), couldn’t be more pleased.  Bryan Slusarchuk, CEO, explains, “It’s great to see construction start at the Denver facility.  This project will represent a very substantial asset for our company and we’re excited to see the building process underway.  The projected time to complete is 7 months, with the facility fully operational before the end of the year.  Projects like this don’t get built by themselves and I really commend our U.S. operating partners, our financiers and the construction team for enabling the commencement of construction.”

The 4200 stall Denver project is poised to become the world’s greenest parking facility and will service the Denver International Airport (DIA).  Denver is a rapidly growing airport that services residents of multiple U.S. states.  It is actually the largest airport by land size in the United States and the third largest in the world.  Denver International is also the fifth busiest airport, as ranked by passenger traffic, in the United States and the tenth busiest in the world.

Michael Hofer, Canadian Certified Environmental Professional and Greenscape Director, notes, “I’ve been involved in multiple capital projects in the environmental field and believe that this project is one of the most unique.  I look forward to the completion of this project and the start of operations at the facility.  From what I’ve seen, there is a first class group involved in the construction process and I’m sure this asset will end up being world class in its field.”

We’ll keep you up to date as construction progresses at Denver and the next time you fly out of DIA, you might just have a green alternative when deciding where to park your vehicle.

Nuukfjord Gold (NUU: TSX)

$9,000,000 IPO Complete

Nuukfjord had an eventful and active start to its life as a publicly traded company this week. Trading was brisk in the issuer, trading under the symbol NUU on the Toronto Stock Exchange (the TSX), with more than 648,000 shares trading hands on Day 1 alone.

Nuukfjord closed a $9 million IPO round and started to trade at the opening on April 27th, 2010. The stock, during the week, traded to a high of $0.58 and a low of $0.375, closing the week at $0.465.

Nuukfjord is conducting a large gold exploration program in an archean gold setting on a 1200 sq km land package in Greenland known as the Nuuk Gold Province. With the company in excellent financial condition, a drill program starting soon and a management team that has had a very hot hand as of late, it would seem that the stars are aligning nicely for Nuukfjord as the group embarks on a stage filled with the potential of big risks and big rewards; drilling. There will be lots of eyes on this as the exploration program ramps up onsite.

Storo Gold Deposit Greenland

Volcanic Metals (VOL: TSX Venture)

$1,500,000 Financing Announced

Volcanic, which traded as high as $0.40 today, has announced a $1,500,000 financing at $0.25, consisting of a full common share in the company and a half warrant (each whole warrant entitling the holder to purchase a common share at a price of $0.40 for a period of two years from closing). Volanic is in the midst of starting exploration at the company’s Gjegjan Mining District located in northeastern Albania. Volcanic is conducting the first ever large scale modern exploration of this District, a District which hosted the copper rich Gjegjan deposit, which was mined out by the Albanians between 1961-1993. During this period, historical records from the Albanian Geological Survey indicate that the mine production totaled 4.4 Mt at an average of 3.30% Copper. The Gjegjan sector remains a principle exploration target as VMS deposits are known to occur in clusters and no other deposits in the area were found during previous, state-run exploration programs.

Gjegjan Mining District, Albania

*the above comments do not represent support for or solicitation of financing for any issuers. Skanderbeg does accept any expressions of interest on financings. To learn more about the issuers and financings they may be conducting, contact the individual companies, consult with your financial advisor and refer to company information at www.sedar.com

As regular readers know, the performance of the Skanderbeg Stock Picks group of companies has been absolutely exceptional.

It is a small basket of companies as we have been extremely selective. Performance has been nothing short of incredible and we are very grateful that we were fortunate to have built such a great basket of companies. Near the bottom of this post are TWO NEW STOCK PICKS from Skanderbeg.

Being selective takes some time and effort, but the performance numbers below speak for themselves. Up until today, we have picked a TOTAL of 6 companies in this basket and have closed out 2 of those positions (at very substantial gains) with the other 4 positions still open.

Below is the full track record of ALL of the picks (listed before today’s new picks which are at the bottom of this page) we have made:

Bankers Petroleum (BNK):

Price and Date Picked: May 28, 2009 at $1.95

Price and Date Closed: OPEN

Current Price: $9.12

Gain/Loss: + 368%

_______________________________________________

Underworld Resources (UW):

Price and Date Picked: April 03, 2009 at $0.65

Price and Date Closed: CLOSED March 12, 2010 at $2.54

Gain/Loss: +290%

_______________________________________________

Energold Drilling (EGD):

Price and Date Picked: May 28, 2009 at $1.60

Price and Date Closed: OPEN

Current Price: $2.65

Gain/Loss: +66%

________________________________________

Wildcat Silver (WS):

Price and Date Picked: August 06, 2009 at $0.52

Price and Date Closed: OPEN

Current Price: $0.53

Gain/Loss: +2%

________________________________________

Worldwide Promotional (WRL):

Price and Date Picked: August 14, 2009 at $0.18

Price and Date Closed: CLOSED (see below) January 25, 2010 at $0.25

Gain/Loss: +39%

________________________________________

Ventana Gold (VEN):

Price and Date Picked: June 04, 2009 at $3.45

Price and Date Closed: OPEN

Current Price: $10.39

Gain/Loss: +199%

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Today, we are making the LONG AWAITED addition of 2 new stock picks to the select group above! We think these two picks have the potential to be two of our very best!

Before you read today’s new additions, we remind you that we are not investment advisors so don’t construe these picks as representing investment advice in any way. Read our full disclaimer on the Stock Picks section of our site in its entirety, but note that we may be buying, selling, holding, owning and not owning some or all of the companies mentioned today and that past performance in no way guarantees future performance. We share our thoughts on the market because we think you will find it interesting – its not advice.

Additions to the Skanderbeg Stock Picks:

Worldwide (WRL) at a price of $0.28 per share:

Today, we are immediately re-adding Worldwide as a Skanderbeg stock pick.  We have had Worldwide as a Skanderbeg stock pick once before, and closed it out with a 39% gain. However, today’s announcement has us more excited about Worldwide than ever before.

We initially picked WRL back in August 2009 because we really liked the management team and the share structure — but what has us reinstating this stock on the picks list is today’s announcement that they are evaluating deal flow in the resources sector. We are big believers in the resource space (in case you couldn’t see that!); demand from emerging economies like China, India, and Brazil look to be driving demand for commodities higher.  Add to this the inflationary pressures coinciding with the huge US stimulus packages and we believe that thing are posed to be absolutely explosive in this field.

We did well on our close-out of WRL before but with shares trading under $0.50 and this recent announcement, we are very excited about the timing of reinstating this pick.

Altius Minerals Corporation (ALS) at a price of $10.60 per share:

Altius Minerals is led by a management team that can be described as absolutely brilliant. The company has grown from an IPO price of $0.20 to today’s price that is in excess of $10.00. It started off with a market capitalization of less than $2 million and now has a market capitalization in excess of $280 million. And, hold your breath for this fact; the company has a cash reserve and investments that exceed $200 million in value!

The Altius team, led by President, CEO and co-founder Brian Dalton has done an exceptional job at building this company and they’ve done it with a rare mix of creativity and deal making savvy that is hard for most groups out there to contemplate, much less emulate. While I like their royalty creation business, strong technical team and ability to attract great exploration partners, I love the fact that they state in a recent presentation that “additional contrarian, long-term, value oriented investments in the sector are being assessed to deploy surplus cash”.

I have a lot of faith in this management team and a lot of faith that they will deploy the cash in creative ways that will potentially add a lot of shareholder value. That’s why, we are making Altius (ALS), alongside of Worldwide (WRL), the two new additions to the Skanderbeg Capital “stock picks” section.

We will keep you posted on the above picks.

As for our current basket, we feel strongly about continuing coverage on all of the OPEN positions. Bankers is making continued exceptional progress in Albania through horizontal drilling efforts, Wildcat has got some recent momentum in the market, Energold continues its slow and steady progress and in our view looks undervalued, and with Ventana – we, along with a lot of smart money invested out there, are patiently waiting for a potential takeover to happen. A great basket that we feel privileged to follow.

Guest Post from Taipan Financial

What Happens to the Dollar When It’s Just Not Funny Anymore?
Adam Lass, Senior Editor, WaveStrength Options Weekly
Thursday, February 25, 2010

The demise of the euro and pound has been disguising the dollar’s troubles. But now that fig leaf is falling away.

Sometimes the markets seem like a real battle between the macroeconomic and the micro-cephalic. Right now in jolly old England, Labour and its allies are positing that “too strong an effort to reduce runaway deficits will result in a savage reaction (really: that’s the phrase they used) that will destroy the British pound.”

I’m not quite sure if this is a serious argument or that sort of off-beat Brit humor so cleverly voiced by John Cleese, Peter Cook et al., wherein well-dressed idiots tell you with a perfectly straight face that up is down and the sun rises in the west.

Their theorem is sobering enough: “Attempting to slow the descent of the pound (and the inherent inflation that will dog consumers) by reducing debt (guesstimated to reach £178bn this year) and rectifying the imbalance between excess specie-in-circulation and GDP would endanger tax revenue, imperil Britain’s sovereign rating, destroy the recovery of the banking sector and (perhaps most importantly) put millions of Labour Party workers out on the street. Foolish policies like these would therefore cause a loss of faith in Britain’s economic managers, thus tanking the pound.”

That’s Just So Wrong!

Maybe they are right about some of that. It might very well be like trying to go from 120 mph to zero without doing a header into the windshield. (If these are Brits we’re talking about, should that be “zed?” Or maybe kph?)

The idea that fighting inflation could lead to all sorts of troubles is at least arguable. Probably wrong, mind you. But arguable nonetheless.

But to the statement “fighting inflation will lead directly to inflation” is just ludicrous on its face.

Is a Bad Joke Still Funny If You Say It With an Accent?

There are two somewhat intertwined reasons why we might care about Britain’s attempts at economic black comedy.

The first is the fact that excess debt and inflation overseas has been forcing the U.S. greenback higher when compared to the pound and euro. This comparative rise has allowed American economic managers to claim that their similarly destructive habits are not adversely impacting the dollar. Whining currency and deficit hawks are admonished to “just look at the charts: the dollar has done nothing but go up for weeks now!”

With fears of a dollar collapse so neatly disposed of, the Fed is free to tell Congress that banking rates will remain at “zed” for the foreseeable future, and the White House is free to toss billions more at the housing market.

Problem is, while it is possible for politicians to jawbone the euro, pound or dollar a few tenths of a percent one way or the other on any given day, real inflation is not so readily vanquished by such puffery.

Hot Air vs. Economics

Thus we see the Producer Price Index (measured as a whole, and including those annoying “non core” items like food, rent, the electric bill and gasoline) rising month after month, and threatening to spill over into consumer prices at any moment. Indeed, we are lauding eight straight months of “recovering” home prices, without realizing what this curve will eventually mean for holders of dollars.

And thus we read of the Chinese steadily selling off U.S. debt until for the first time in decades they are no longer the primary holders of same. (That pleasure has reverted to the Japanese, who love 3% sovereign bonds, because they are three times more lucrative than anything that can be got at home.)

Sooner or later, the fig leaf of “we stink less than the other guys” simply must fall away from the dollar, leaving its horrid decrepitude revealed for all to see. Yesterday Justice wrote of “Bending Trends.” Well, here are two “Hockey Stick Formations” that seem to indicate that said fig leaf is hanging by its last thread.

H. E. Double Hockey Sticks

These are short-term futures charts of the U.S. dollar measured against the usual “other currencies” and gold measured against the U.S. dollar. And while in general, I prefer to use slightly longer-term histories to judge such things, in this case these more sensitive charts reveal sudden and perhaps significant shifts away from the dollar (and perhaps most all of these politically debauched currencies) and back to that most familiar long-term safe harbor, gold.

Rest assured that we are not the only ones looking at these charts. There will no doubt be much talk from various capitals as politicians blame and bankers deny. But in the end, this return to gold is the only action that makes any sense.

Editor’s Note: Taipan Daily is your FREE resource to help you beat Wall Street – and other investors – to the profits. Filled with investment analysis and insight from every investment hot spot and sector (blue chips to small caps… options to ETFs… emerging markets to tech stocks), Taipan Daily delivers just the right balance of safe opportunities with fast-moving strategies. Sign up now for Taipan Daily – the most profitable 5 minutes of your day.

David Pescod put out another good piece on Tirex Resources and includes a Skanderbeg Capital stock pick too….

An exciting new IPO

Greenscape Capital Group has announced its intention to complete an Initial Public Offering of shares this month on Toronto’s TSX Venture Exchange.

A model for success

Greenscape has a unique business model that is creating a lot of excitement.

In addition to wholly owned and partially owned investments in a basket of companies (see Prospectus for details), Greenscape also has an in-house consulting division which provides eco-consulting services for North American businesses interested in transforming their operations into more sustainable, responsible and environmentally friendly organizations.

The service includes an in-depth environmental audit, recommendations for greening their operations or improving upon environmentally responsible and sustainable business practices, assisting companies in developing an environmentally friendly purchasing and procurement strategy and ongoing monitoring.

There are a lot of companies that want to green their operations but just don’t know where to start.

The regulatory and certification environment is confusing, they usually don’t have in-house expertise in- and that’s where Greenscape comes in.

Greenscape can come into these businesses, analyze the situation in quantifiable terms, develop targets for improvement, develop and implement a strategy to meet those targets and then monitor the progress.

Some business owners want to green their operations for purely ethical reasons; they realize how important sustainability is for future generations. Other business owners simply want to cut out waste to reduce costs or to differentiate themselves in the marketplace.

Greenscape is not here to judge the validity of why people want to green their business operations, but rather is here to assist all companies who are genuine in their pursuit of these goals.

Who’s running the show?

The Greenscape board consists of a diversified group of people.

planting the seeds for a successful business

Edward Wright, Director, is a former President of Baume + Mercier and was also formerly the Executive Vice President of Retail in North America for the storied luxury brand, Cartier.

Tina Hofer, Director, founded the fast growing eco-clothing company Lela Designs in 2006. Today, that eco-line can be found in more than 120 retail locations across North America.

Harry Kambolis, Director, is a businessman who created Raincity Grill, C Restaurant and Nu, all of which have won critical acclaim nationwide. He was the first restaurateur to base an entire menu around the 100 mile diet.

Michael Hofer, Director, is an environmental expert who is a Canadian Certified Environmental Practitioner in four different categories and he has managed more than $25 million in capital projects related to the environmental field.

Bryan Slusarchuk, myself, Director, is a corporate structure and financing specialist who has significant experience operating public companies within a wide range of sectors.

The planned IPO is a $2,100,000 issue. With a unique business model, the growing importance of sustainability and a Board with a track record of success in business and the environmental space, it promises to be an interesting year ahead.