AGORACOM Small Cap TV - November 3rd - Highlights
posted on
Nov 03, 2010 09:06AM
Good morning to you all. Please find enclosed a summary of the breaking small-cap and micro-cap financial news we highlighted on AGORACOM Small Cap TV this morning. It’s November 3rd 2010, and we’ve found 5 great press releases to report on at the open. Another great day for small-cap and micro-cap financial news. To watch the show live every morning at 9:30 AM, visit our front page.
Coral Drills 18 Metres of 1.096 g/t Au at Robertson
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 3, 2010) - Coral Gold Resources Ltd. ("Coral") (TSX VENTURE:CLH)(OTCBB:CLHRF)(FRANKFURT:GV8)(BERLIN:GV8) is pleased to announce the results from the first three diamond core holes drilled at Corals Robertson property in Crescent Valley Nevada.
These initial holes are part of a 15 hole diamond core program which Coral started on September 16.
About
Coral Gold Resources is exploring a portfolio of strategically-located claim blocks along the Cortez gold trend in north-central Nevada at the Robertson Project. Robertson adjoins Barrick Gold Mines' Cortez Mine, one of the lowest cost Au producers in Nevada. The Pipeline open pit at Cortez is just south of Robertson in Crescent Valley. Barrick recently reported proven and probable reserves at Cortez of 13.4 million ounces of gold.
Last Trade: 0.5352 Week: 0.87 – 0.275Market Cap: 16.3 Million
Actions Semiconductor Reports Third Quarter 2010 Results
ZHUHAI, China, Nov. 2, 2010 /PRNewswire-Asia-FirstCall/ -- Actions Semiconductor Co., Ltd. (Nasdaq:ACTS - News), one of China's leading fabless semiconductor companies that provides comprehensive mixed-signal system-on-a-chip (SoC) and multimedia digital signal processing (DSP) solutions for portable consumer electronics, today reported its financial results for the third quarter ended September 30, 2010.
All financial results are reported on a U.S. GAAP basis.
·Revenue for the third quarter of 2010 was $9.3 million, as compared to revenue of $9.7 million for the second quarter of 2010, and $13.4 million for the third quarter of 2009.
·Net income attributable to Actions Semiconductor's shareholders for the third quarter of 2010 was $1.9 million, or $0.03 per ADS. This compares to a net loss attributable to Actions Semiconductor's shareholders of $0.4 million, or $0.01 per ADS, for the second quarter of 2010, and a net loss attributable to Actions Semiconductor's shareholders of $0.6 million, or $0.01 per ADS, for the third quarter of 2009.
·Actions Semiconductor reported gross margin of 40.1% for the third quarter of 2010, as compared to gross margin of 39.6% for the second quarter of 2010, and 30.8% for the third quarter of 2009.
·The Company ended the quarter with $54.0 million in cash and cash equivalents together with time deposits.
Business Outlook
For the fourth quarter of fiscal year 2010 ending December 31, 2010, Actions Semiconductor estimates revenue in the range of $8.5 to $9.5 million, gross margin approximately flat with third quarter, and operating expenses slightly higher on a sequential basis. The fourth quarter 2010 estimates include share-based compensation of approximately $0.7 million.
About Actions Semiconductor
Actions Semiconductor is one of China's leading fabless semiconductor companies that provides mixed-signal and multimedia SoC solutions for portable consumer electronics. Actions Semiconductor products include SoCs, firmware, software, solution development kits, as well as detailed specifications of other required components and the providers of those components.
Last Trade: 2,1652 Week; 2.55 – 1.95Market Cap: 185.76 m
Dorato Receives Additional Taricori Drilling Results, Expanding the Zone of Gold and Base Metal Mineralization, Cordillera del Condor, NW Peru
Dorato Resources Inc. ("Dorato" or the "Company") wishes to announce receipt of additional results from Minera Afrodita's 2010 drilling program at Taricori, Cordillera del Condor Project, Peru.
Drillhole TAR-032 returned 4.40 meters grading 26.11 g/t gold, 114.20 g/t silver and 5.81% zinc and includes 3.29 meters grading 31.19 g/t gold, 4.25 g/t silver and 0.05% zinc. Dorato has a right to acquire 100% of Minera Afrodita.
Drillholes TAR-031 – TAR-036 test the eastward strike-extension of the main east-west vein from two drill platforms. All holes intercepted anomalous gold mineralization. TAR-032 returned 4.40 meters grading 26.11 g/t gold, 114.20 g/t silver and 5.81% zinc and includes 3.29 meters grading 31.19 g/t gold, 4.25 g/t silver and 0.05% zinc. TAR-033 intercepted the east-west vein at a low angle and returned 3.70 meters grading 23.05 g/t gold, 140.8 g/t silver and 4.15% zinc and includes 1.42 meters grading 31.46 g/t gold, 7.74 g/t silver and 0.02% zinc
About Dorato Resources Inc.
Dorato Resources Inc. is mineral exploration company focused on the highly prospective Cordillera del Condor Gold District in northern Peru and adjacent to the border with Ecuador – one of the most important gold-bearing districts in the region since pre-Incan times. Dorato, through a series of option agreements has the right to wholly acquire an extensive land package of approximately 1,050-square-kilometres – providing the Company with the largest land position in the Cordillera del Condor and a highly strategic position in this emergent gold district.
Last Trade: 1.3552 Week: 1.58 – 0.50Market Cap: 93.48 Million
Fushi Copperweld, Inc. Announces Receipt of 'Going Private' Proposal at $11.50 Per Share
BEIJING, Nov. 3, 2010 /PRNewswire-Asia-FirstCall/ -- Fushi Copperweld, Inc. ("Fushi" or the "Company") (Nasdaq:FSIN - News), the leading global manufacturer and innovator of copper-clad bimetallic wire used in a variety of telecommunication, utility, transportation and other electrical applications, today announced that its Board of Directors has received a proposal letter from its Chairman and Chief Executive Officer, Mr. Li Fu ("Mr. Fu") and Abax Global Capital (Hong Kong) Limited on behalf of funds managed by it and its affiliates ("Abax") for Mr. Fu and Abax to acquire all of the outstanding shares of Common Stock of Fushi not currently owned by Mr. Fu and his affiliates in a going private transaction for $11.50 per share in cash, subject to certain conditions. Mr. Fu and his affiliates own approximately 29.2% of Fushi's Common Stock.
According to the proposal letter, Mr. Fu and Abax will form an acquisition vehicle for the purpose of completing the acquisition and plan to finance the acquisition with a combination of debt and equity capital. The proposal letter states that the equity portion of the financing would be provided by Mr. Fu, Abax and related sources. The proposal letter also states that Mr. Fu and Abax are currently in discussion to engage a financial advisor to the acquisition vehicle that will be formed by Mr. Fu and Abax.
About Fushi Copperweld
Fushi Copperweld, Inc., through its wholly owned subsidiaries, Fushi International (Dalian) Bimetallic Cable Co. Ltd., and Copperweld Bimetallics LLC, is the leading manufacturer and innovator of copper-clad bimetallic engineered conductor products for electrical, telecommunications, transportation, utilities and industrial applications. With extensive design and production capabilities, and a long-standing dedication to customer service, Fushi Copperweld is the preferred choice for bimetallic products worldwide.
Last Trade: 9.1052 Week: 12.94 – 6.50Market Cap: 343.24 m
White Tiger Mining Corp. Intersects 23 Metres of 1.34% Copper Including 5 Metres of 4.08% Copper, 20.6 g/t Silver and 1.12 g/t Gold
White Tiger Mining Corp. (the "Company" or "White Tiger") (TSX VENTURE:WTC)(FRANKFURT:W0I) is pleased to announce that a phase one, core drilling program on its Marshall Lake Property has resulted in an exciting new high grade discovery of copper (Cu), silver (Ag) and gold (Au).
Highlights
Drill hole GAZN-10-10; a 25 metre southern step out from drill hole GAZN-08-07, intersected 78 metres of 0.42% Cu, 2.05g/t Ag and 0.09g/t Au, including a 5 metre intersection grading 1.89% Cu, 12.04g/t Ag and 0.7g/t Au.
Drill hole GAZN-10-11; a 25 metre southern step out from drill hole GAZN-10-10, intersected 32.6 metres of 1.04% Cu, 5.13g/t Ag and 0.15g/t Au, including a 5 metre intersection grading 3.53% Cu, 18.16g/t Ag and 0.52g/t Au. This hole also included this program's highest grade sample to date, grading 9.32%Cu, 49.8g/t Ag and 1.12g/t Au over a 1 metre interval.
Drill hole GAZN-10-15; a 25 metre southern step out from drill hole GAZN-10-11, intersected 23 metres of 1.34% Cu, 6.75g/t Ag and 0.29g/t Au, including a 5 metre intersection grading 4.08% Cu, 20.6g/t Ag and 1.12g/t Au.
Last Trade: 0.3952 Week: 0.40 – 0.205Market Cap:3.52 Million