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Message: HBK bucking market downturn

Hi Rocklicker. The following was taken from this link.........

http://www.bullmarketrun.com/?p=24226

Highbank Resources Ltd. (HBK, TSX-V) Update

Also in northwest B.C., Highbank Resources (HBK, TSX-V) continues to make progress toward aggregate production at its Swamp Point North Project…the company is in a very favorable position of being able to supply aggregates in support of the continuing construction of the Port of Prince Rupert ($1.2 billion federal development project), and looks forward to exploiting opportunities regarding potential LNG projects – though the Liberal government needs to get its act together quickly with regard to the tax regime for LNG operators…

In its news release Tuesday, Highbank pointed out that it has “unwavering confidence in B.C. Premier Christy Clark’s and her ministers’ ability to conclude negotiations and set forward a fair liquefied natural gas tax regime.” We hope their confidence proves correct…

Technically, HBK has been holding up extremely well during the overall market downturn since the beginning of September with the stock actually up slightly since the end of August (closed at 28 cents yesterday) as it forms a strong base around the Fib. 61.8% retracement level…any near-term reversal in the Venture will certainly be helpful for HBK…even in the event of a modest dip lower, HBK will remain in a primary bullish uptrend (note the uptrend support line)…

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