SAOL - Sao Luis Mining, Inc. (diamond mining) - Page 3

20k in volume already, this 95 proving harder then i thought

Just looked at S A O L ...I think you're all onto something. Appears that break of $1 mark is imminent.
Could see some serious moment afterwards after alerts are set off.
Trying to grab some, but tough to fill between spread.
S A O L

You got it. I and some others are loaded up and will throw in more when it breaks the $1.01

watching this one closely.....chart looks good, bb's are tight and this just appears ready to go as soon as volume arrives...

Look for heavy volume on monday. Buying time is Friday in advance of the volume.

watch this one next week

Looking to add at .75, will ride it back up and hold longer if it breaks $1.

ok I just been hearing rumors of this. I am buying some here and loading up. Seems this should have a big run

SAOL - Sao Luis Mining, Inc. Announces Completion of Joint Venture Agreement

This is really big news for them.

Sao Luis Mining, Inc. Announces Completion of Joint Venture Agreement


By Market Wire
Last Update: 8/17/2006 8:01:26 AM Data provided by

LAS VEGAS, NV, Aug 17, 2006 (MARKET WIRE via COMTEX) -- Sao Luis Mining, Inc. (PINKSHEETS: SAOL) announced today that it has executed the joint venture agreement with SL Mineradora Ltda. The joint venture company, Comercio e Mineracao Sao Luis Ltda., has been formed and registered in Brazil to conduct business. The agreement provides Sao Luis Mining with 51% interest in the joint venture which will operate two diamond properties and an existing processing plant in the Sao Luis River Basin. The operation is located in the state of Mato Grosso, considered one of the most productive diamond districts in Brazil.

Jack Lake, President and Board Chairman, said, "With the execution of our Joint Venture agreement with SL Mineradora and the registration of Comercio e Mineracao Sao Luis Ltda. we have moved one step closer to the Joint Venture commencing production. We expect operations to begin within the next 30 days."

This news release contains "forward-looking statements" within the meaning of the US 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, not guarantees of Sao Luis Mining, Inc.'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.

About Sao Luis Mining:

Sao Luis Mining is a diamond and precious metals mining and exploration company. Its strategy is to acquire interests in producing mines and the development of properties that have the promise to be economically viable. Additional information, including a photo gallery and geological report is available at the Company's website www.saolmining.com.

SOURCE: Sao Luis Mining, Inc.

Looking to breakout here at .91. In from .81.

.91 huge breakout point this could be a big runner

bids are stacking

This is a great play got in last week at 83 - if this touches $1.00 its straight to $1.20 with almost no resistance.

Great news!

Looks like we'll be seeing strong revenues on the way from mining ventures...
Getting their hands in many pots now.
Good to see...on watch for $1 break.

Broke that .85 and hit .91 today - very positive.
Creeping back up towards $1 resistance. Should trigger further momentum when that breaks.

Strong news out today also:

Sao Luis Mining, Inc. Announces Completion of Joint Venture Agreement

LAS VEGAS, NV -- (MARKET WIRE) -- August 17, 2006 -- Sao Luis Mining, Inc. (PINKSHEETS: SAOL) announced today that it has executed the joint venture agreement with SL Mineradora Ltda. The joint venture company, Comercio e Mineracao Sao Luis Ltda., has been formed and registered in Brazil to conduct business. The agreement provides Sao Luis Mining with 51% interest in the joint venture which will operate two diamond properties and an existing processing plant in the Sao Luis River Basin. The operation is located in the state of Mato Grosso, considered one of the most productive diamond districts in Brazil.

Jack Lake, President and Board Chairman, said, "With the execution of our Joint Venture agreement with SL Mineradora and the registration of Comercio e Mineracao Sao Luis Ltda. we have moved one step closer to the Joint Venture commencing production. We expect operations to begin within the next 30 days."

Agreed!
Will very likely get momo once $1 mark is broken....more if it closes above - will set off trader alerts.
Great grab in the 80's in advance of next run, imo.

I agree as well - anything in the 80's is a good purchase.

SAOL on aLERT fOR bREAKoUT at $1.01

SAOL moves well with volume as we saw today, looking for $1.01 breakout and then the alerts will sounds, support was set up nice today with resistance once again at the upper bollinger band, cmon SAOL