Earth Dragon Resources, Inc. (EARH)

[mwest]

Great point armedical but unlike oil, gold will continue to have a steady rise and the profit will increase and not wobble back and forth like it does with oil.

[stockseeker30]

With such great and positve things lined up and taking place looking to see a nice increase in the market soon.

[protostars]

Gold production in South Africa has dropped dramatically over the past decades, increasing the visibility of places like Ghana and Tanzania.

[QualityStocks]

Earth Dragon Resources, Inc. (EARH.OB) Poised To Benefit From Record High Gold Prices

Gold prices have risen to record heights for the third time in a week, supporting Earth Dragon Resources, Inc. belief that the ceiling is potentially much higher yet. Gold futures for April delivery settled at US$1,434.50 at 1:32 p.m. on the Comex in New York yesterday. Last week, the metal climbed 1.4 percent, extending the rally to six weeks, the longest since September 2007.

Because the Earth Dragon’s economic model was predicated on gold prices in the US$1200/oz range, the company is in an increasingly advantageous position to capitalize on the record high prices. The company’s ability and motivation to rapidly move its projects forward is increasing every time the price rises.

The market outlook is especially positive for precious metals when one considers that before much of the recent unrest in the Middle East had come into being, many industry analysts and pundits alike were predicting $3,000/oz gold prices within the next 2 years driven by demand from the electronics and jewellery sectors in China and India combined with inflation fears in North America. Many experts are now aggressively correcting their timeline estimates.

Earth Dragon’s primary focus is to develop its gold ventures in both Ghana and Tanzania which are both moving ahead as scheduled. Plans to develop a technical report (N.I. 43-101) to develop a regulatory compliant resource estimate are moving ahead at the Chisu Gold Project in Tanzania and recent assays from the Nkwanta Concession have returned outstanding gold values generating great interest in the project and further accelerating the company’s efforts.

[QualityStocks]

Earth Dragon Resources, Inc. (EARH) to Issue 3:1 Stock Dividend

Today after the closing bell, Earth Dragon Resources, Inc. announced that its Board of Directors have approved a 3:1 stock dividend of the Company’s common stock following the results of an encouraging fiscal 3rd quarter. Shareholders of EARH stock on the closing date of April 8th are entitled to the dividend payment. The Company has set a payable date of April 15th, 2011.

Earth Dragon Resources, Inc. is an exploration stage company focused on acquiring, exploring and developing mining properties. Currently, the company is developing gold deposits in the Ashanti Gold Belt in Ghana and the Lupa Goldfield in Tanzania. Earth Dragon has significant international potential due to the robust demand from the gold market.

[armedical]

This is a big move on their part.

[mwest]

NIce to see encouraging numbers from them for that quarter, especially with so many companies struggling.

[stockseeker30]

Encouraging is a good word that I will take from a stock right now, it shows that a productive future is within reach.

[protostars]

They're obviously buoyed by recent gold prices. They already have a good sense of what their prospects can produce, and that leaves the price of gold as the prinicpal remaining variable.

[mwest]

Nice numbers today 0.165 a share and up 0.005 ( 3.13%)

[stockseeker30]

Showing those encouraging numbers now, looking forward to the up coming days.

[protostars]

Look now to initial production news.

[mwest]

Little nice movement today but who is complaining an incerase is an increase right? 0.162 a share and up 0.0004 ( 0.25%)

[stockseeker30]

Well said mwest no one complains about making additional money regardless of the amount.

[protostars]

The more analysis and funding they can show at this point, the faster it hits shareprice. But the long story is still about production.

[mwest]

Tanzania is a very interesting place with a low wages in some areas, wonder how EARH is doing in helping the residents in that area with their new projects there.

[stockseeker30]

Projects in that area I am sure will generate revenue to the residents

[armedical]

Anytime a company comes into a area, it does wonders for the economy.

[protostars]

Gold sure won't be hurt by Japan.

[QualityStocks]

Uncertain Times Boost Earth Dragon Resources (EARH)

The recent catastrophe in Japan has again brought home the critical role of gold in the global economy. Historically, no single investment has played the role of safe haven in uncertain times more than gold, and uncertainty is, to one degree or another, ever-present. Gold has been seen as an especially powerful hedge since 2001. In the past 10 years, gold prices have roughly quadrupled, and the addition of events in Japan to the already volatile world political and economic situation assures continued upward pressure.

Investing in gold exploration and mining companies has been seen as an inexpensive way of getting on a train that has already left the station. The trick is to zero in on companies that represent more than just a spin of a roulette wheel. The advantage of Earth Dragon Resources is that it already has proven properties in Africa.

In Ghana and Tanzania, the company has identified areas of mineralized quartz veins, each promising to produce upwards of 4,000-10,000 troy ounces of gold annually. It’s clear how anything boosting the outlook for gold impacts the potential value of Earth Dragon.

In particular, the company has already entered into a joint venture with Netas Mining of Ghana to develop two properties at Nkwanta and Asuogya. Workers are already excavating and sampling gold targets on the Nkwanta Concession, focusing on the hard rock vein deposits previously identified.

Unlike South Africa, where gold production has been dramatically declining over the past decade, Ghana gold production has been increasing over the same period, to approximately 2.9 million ounces in 2009. The Ashanti Belt, where Netas Nkwanta is located, has the oldest history of gold mining in the country, and is the best understood of Ghana’s gold belts.

Earth Dragon feels it’s in the best position to aid investors seeking security and growth in uncertain times.