GOLD, PWER, SILA, - PennyOmega Stocks to Watch!

Author: pennyomega

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SILA, Gold American Mining Corp., SILA.OB

SILA is a precious metals exploration company focused on the aggressive, ongoing acquisition and exploration of holdings with rich gold and silver production potential.

SILA has developed a promising portfolio of international properties in regions marked by stable politics, sound economies and friendly business relations.

In May 11, 2010, SILA reported that it entered into a $7.5 million equity financing agreement with a European institutional investment group that specializes in backing precious metals and mining ventures.

Up to date SILA has received funds in the amount of $300,000 in virtue of this agreement and that SILA still has a balance of $7.2 million that the company could call upon to fund its exploration and acquisition strategy. During 2010, SILA has received total equity subscription proceeds of $500,000.

The funding will be utilized by SILA in its ongoing acquisition strategy and specifically in the further exploration and development of its existing Keeno Strike Property in Nevada, which could potentially contain ~1.1 million ounces of gold and ~69.0 million ounces of silver accessible via open-pit bulk handling methods, and its Guadalupe Property in Mexico, which is located approximately 5 miles north of the world's richest underground silver mine, operated by the +$10 billion London Stock Exchange-traded company, Fresnillo plc.

Keeno Strike Property (Clark County, Nevada) Located 30 miles southwest of Las Vegas, in a mining district that has produced significant quantities of both gold and silver, and which also contains deposits of copper, cobalt, nickel, zinc, and lead, the property covers 245 acres of the historic Monte Cristo mine and Keeno-mint prospect. Exploratory work will consist of testing a potential for 1.1 million ounces of gold, and 69 million ounces of silver.

The Guadalupe Property (Zacatecas State, Mexico) is Located in central Mexico, in one of Mexico's oldest mining districts, just a few miles north of the world's richest underground silver mines, this property contains two historic mines. The Juanicipio Joint Venture, held by MAG Silver Corp. and Fresnillo plc., is only 6.8 miles to the southwest, and has an indicated resource average grade of 879 g/t of silver, which is roughly twice the grade of Fresnillo's other producing mines in the region, making the project's Valdecañas Vein one of the world's highest grade undeveloped silver resources.

More about SILA at www.gold-american.com.

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GOLD, Randgold Resources Ltd.

GOLD is an African focused gold mining and exploration company. Major discoveries to date include the 7.5 million ounce Morila deposit in southern Mali, the 7 million ounce Yalea deposit and the 3 million ounce Gounkoto deposit, both in western Mali, the 4 million ounce Tongon deposit in the Cote d'Ivoire and the 3 million ounce Massawa deposit in eastern Senegal.

GOLD's recent discovery of a world-class gold deposit at Gounkoto in western Mali confirms the region's potential for further finds of this size.

Gounkoto is located 25 kilometres south of Randgold's Loulo complex, currently being expanded into a megamine with two open-pit and two underground operations.

The feasibility study on Gounkoto is scheduled for completion by the end of this year, and GOLD's chief executive Mark said at this advanced stage all indications pointed to a substantial high-grade orebody with relatively simple metallurgy, capable of being converted into a low-cost, long-life open pit and underground mine."We have always said that this region had the prospectivity to become one of Africa's key gold addresses and Gounkoto - along with the continuing expansion of Loulo itself and the discovery of other prospects such as Massawa, which is across the border in Senegal but part of the same structure - has confirmed this belief," Bristow said. "Mali still holds enormous potential for further gold discoveries for those who are bold enough to invest in the region. It is with this in mind that we have built a substantial infrastructure at Loulo, capable of serving as a hub for a growing gold mining industry around it."

More about GOLD at www.randgoldresources.com

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PWER, Power-One Inc.

PWER designs and manufactures energy-efficient power conversion and power management solutions for alternative/renewable energy, routers, data storage and servers, wireless communications, optical networking, semiconductor test equipment, industrial markets and custom applications.

** PWER reported financial results for the second quarter 2010.

PWER posted strong second-quarter results on higher demand for its renewable energy products and capacity expansion and gave a strong third quarter revenue view.

PWER posted record net sales of $215 million for the second quarter ended July 4, 2010, an increase of 135% from the second quarter 2009.

Net income attributable to common stockholders for the second quarter was $24 million, or $0.17 per diluted share, compared to a net loss of $7 million, or $0.08 per share for the same period last year.
Consolidated bookings reached $757 million in the second quarter of 2010.

PWER will discuss its 2010 second quarter results today beginning at 2:00 p.m. Pacific Time. The call will be available both via the telephone at (877) 390-5535 or (631) 291-4579, conference ID #87190408, or over the Internet through the PWER's investor relations Web site.

More about PWER at www.Power-One.com.

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