Watchlist For March 9: GSS, GMXR, OPK

Golden Star Resources Ltd. (USA) ( AMEX:GSS ) reported fourth quarter and full
year 2010 results, with net loss of $8.3 million or $0.032 per share for the
year. The company reported gold revenues of $432.7 million, an increase of 8% as
compared to gold revenues for 2009. The average realized gold price was of
$1,219 per ounce during 2010. The company posted gold sales from Bogoso/Prestea
of 170,973 ounces during 2010 and 28,021 ounces of gold for the fourth quarter.
The factors affecting gold production during the second half of 2010 included
lower recovery rates due to the mix of transitional ore being supplied to the
sulfide processing plant and poor weather conditions. The Wassa posted fourth
quarter gold sales of 48,895 ounces and 183,931 ounces for the full year. This
year, a total of $20 million was spent on exploration projects of which 80% was
spent on mine site drilling. This resulted in a 24% increase in mineral reserves
and a 63% increase in mineral resources. The company expects the exploration
budget for 2011 of $30 million and these funds will also be focused on resource
definition drilling surrounding our operating areas in Ghana as well as very
selective exploration and drilling at its other West African projects, and an
increased level of exploration activity in Brazil. Golden Star Resources stock
is currently trading at $2.97. The company stock has traded in the range of
$2.73 and $6.01 during the past 52 weeks. The company's market cap is $754.99
million. GMX Resources Inc. ( NYSE:GMXR ) announced a private offering of $200
million of senior notes due 2019, bearing interest at 11.375% per annum. The
notes are being issued at a price of 96.833% of their face amount. The company
expects to close the notes offering on February 9, 2011. The company plans to
use the net proceeds of this offering to fund an offer to purchase up to $50.0
million of its 5.00% convertible senior notes due 2013, to repay the current
outstanding balance under its secured revolving credit facility, to fund the
cash portion of the purchase price of pending acquisitions of undeveloped oil
and gas leases for approximately $68.3 million, to fund its exploration and
development program and for other general corporate purposes. GMX Resources
stock is currently trading at $5.48. The company stock has traded in the range
of $3.98 and $10.69 during the past 52 weeks. The company's market cap is
$175.19 million. Opko Health Inc. ( AMEX:OPK ) announced its plans to offer and
sell $100 million of its common stock in an underwritten public offering. The
company has also plans to grant the underwriters an option to purchase up to an
additional $15 million of common stock offered to cover overallotments of
shares, if any. The company intends to use the net proceeds of the offering for
general corporate purposes, which may include research and development expenses,
clinical trials, the acquisition of new technologies and businesses and other
business opportunities. Opko Health stock is currently trading at $3.66. The
company stock has traded in the range of $1.80 and $5.03 during the past 52
weeks. The company's market cap is $998.44 million.