AGORACOM Small Cap TV - November 4th - Highlights
posted on
Nov 04, 2010 10:00AM
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 4th 2010, and we’ve found 7 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.
Spanish Mountain Gold Announces Assay Results From 2010 Drilling at Spanish Mountain and Provides Update on Preliminary Economic Assessment (PEA)
Gold Mineralization Intersected in Step Out Drilling
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 4, 2010) - Spanish Mountain Gold Ltd. ("the Company") (TSX VENTURE:SPA) is pleased to announce details of assay results received from drill holes completed on the Spanish Mountain gold project in southern central British Columbia this year. Twenty NQ and HQ diameter holes were drilled for exploration, geotechnical and metallurgical purposes. All exploration holes intersected gold mineralization that confirm or extend the known mineralization up to 350 m from the current limits of the Main and North zones.
Significant Drillhole Intercepts
Highlights of assay results include:
About Spanish Mountain Gold
Spanish Mountain Gold Ltd. is focused on the responsible development of its flagship Spanish Mountain gold project in southern central British Columbia. The Company has no debt and owns 100% of all four gold properties located in British Columbia.
Last Trade: 0.6852 Week: 0.76 – 0.225Market Cap: 84 Million
Continental Nickel Reports Additional Assay Results from the Nachingwea Nickel Sulphide Project in Tanzania, Including 1.14% Nickel and 0.25% Copper Over 11.5 Metres
TORONTO, ONTARIO--(Marketwire - Nov. 4, 2010) - Continental Nickel Limited (TSX VENTURE:CNI) ("Continental" or "CNI" or the "Company") is pleased to report that it has received additional assay results from its recently completed "Phase 1" diamond drilling program on the Nachingwea nickel-copper sulphide project ("Nachingwea") in Tanzania. The project is a 75:25 Joint Venture between CNI and IMX Resources Limited ("IMX") of Australia. Highlights include: 0.91% nickel and 0.20% copper over 17.1 metres, including 2.3 metres grading 2.55% nickel and 0.34% copper.
On the G Zone, diamond drill hole NAD10-207 was drilled 50 metres to the north, along strike of, drill hole NAD10-195 which, as previously reported, intersected a 7.35 metre interval of disseminated to massive sulphide mineralization grading 1.82% nickel and 0.42% copper.
Drill hole NAD10-207 intersected a 25.0 metre interval of disseminated to massive sulphide mineralization grading 0.72% nickel and 0.16% copper, including a higher grade interval of 1.14% nickel and 0.25% copper over 11.5 metres, which includes a 2.3 metre interval of massive sulphide grading 2.55% nickel and 0.34% copper.
About Continental Nickel
Continental Nickel Limited is focused on the exploration, discovery and development of nickel sulphide deposits in geologically prospective, but under-explored regions globally. The Company's key asset is its 75% interest in the Nachingwea project in Tanzania, where NI 43-101 Mineral Resources have defined 40,000 tonnes of contained nickel, and ongoing exploration is underway to evaluate the potential to expand these Resources.
Last Trade: 0.6052 Week: 0.92 – 0.34Market Cap: 23.37 Million
Richmont Mines Inc. (TSX:RIC)(NYSE Amex:RIC) ("Richmont" or the "Company"), today announced financial and operational results for its third quarter ended September 30, 2010. Financial results are based on Canadian GAAP and dollars are reported in Canadian currency, unless otherwise noted.
MONTREAL, QUEBEC, CANADA--(Marketwire - Nov. 4, 2010) - Richmont Mines Inc. (TSX:RIC)(NYSE Amex:RIC)
About Richmont Mines Inc.
Richmont Mines has produced over 1,000,000 ounces of gold from its operations in Quebec, Ontario and Newfoundland since beginning production in 1991. With extensive experience in gold exploration, development and mining, the Company is well positioned to cost-effectively build its North American reserve base through a combination of organic growth, strategic acquisitions and partnerships.
Last Trade: 4.7052 Week 5.60 – 3.43Market Cap: 145.65 Million
Avion Gold Corporation (TSX VENTURE:AVR)(OTCQX:AVGCF) ("Avion" or the "Company") announces October 2010 monthly production of approximately 9,123 ounces of gold from its Tabakoto/Ségala operations in Mali, West Africa. Year to date gold production for 2010 is approximately 70,663 ounces.
In October 2010, Avion processed 64,500 tonnes of ore at an average grade of 4.53 g/t Au, with a 97.3% mill recovery, for gold production of 9,123 ounces. Management expects to exceed the fourth quarter production target of 20,000 ounces of gold, and to finish the year at the upper end of its production guidance of 75,000 to 85,000 ounces of gold.
About Avion Gold Corporation
Avion is a Canadian-based gold mining company focused in West Africa that holds 80% of the Tabakoto and Ségala gold projects in Mali. Gold production commenced at these projects in 2009 with just over 51,000 ounces produced. 2010 production is estimated at 75,000 to 85,000 ounces of gold. Production sustainability is supported and enhanced by an aggressive 2010 drill program over an approximately 600 km2 exploration package that both surrounds and is near to the Company's existing mine infrastructure. Additionally, the 1,670 km2 Houndé exploration property in Burkina Faso is returning good results from an ongoing exploration program.
Last Trade: 0.8652 Week: 0.91 – 0.33Market Cap: 317.2 Million
DDS Wireless International Inc., a world leader in providing wireless data solutions for fleet management for more than 20 years, today reported financial results for the three and nine months ended September 30, 2010. All financial information is expressed in Canadian ("CDN") dollars and Canadian generally accepted accounting principles ("GAAP"), except as otherwise noted.
DDS Wireless Q3 2010 Operational Highlights
Outlook
Based on our year-to-date results, backlog, and sales pipeline, we remain very positive on our growth objectives for the year. We are maintaining our previously issued revenue guidance of $40 - $41 million for the year ending December 31, 2010 which translates to year-over-year growth of 12% - 15%.
About DDS Wireless International Inc.
DDS Wireless International Inc. is a global leader in providing application software for multiple vertical markets within the transportation industry. The Company specializes in transit routing and scheduling, real-time dispatching, vehicle location and tracking software applications, communications infrastructure as well as in-vehicle wireless devices.
Last Trade: 1.3552 Week: 1.80 – 1.23Market Cap: 18.62 Million
American Shared Hospital Services Reports Third Quarter Results
AMERICAN SHARED HOSPITAL SERVICES (NYSE AMEX:AMS), a leading provider of turnkey technology solutions for advanced radiosurgical and radiation therapy services, today announced financial results for the third quarter and first nine months of 2010.
Third Quarter Results
·For the three months ended September 30, 2010, revenue increased 9% to $4,280,000 compared to $3,926,000 for the third quarter of 2009, and increased sequentially for the second consecutive quarter.
·Operating income for this year's third quarter increased 14% to $196,000 compared to $172,000 for the third quarter of 2009.
·Pre-tax income increased 30% to $223,000 and net income for the third quarter of 2010 was $6,000, or $0.00 per share. This compares to pre-tax income of $172,000 and net income of $17,000, or $0.00 per share, for the third quarter of 2009.
Nine Month Results
For the nine months ended September 30, 2010, revenue was $12,523,000 compared to $12,676,000 for the first nine months of 2009. Net income for this year's first nine months was $17,000, or $0.00 per diluted share. This compares to a net loss for the first nine months of 2009 of ($51,000), or ($0.01) per share.
At September 30, 2010, AMS reported cash, cash equivalents and certificates of deposit of $10,091,000. This compares to cash, cash equivalents and certificates of deposit of $9,833,000 at December 31, 2009. Shareholders' equity at September 30, 2010 was $22,958,000, or $4.99 per outstanding share. This compares to shareholders' equity at December 31, 2009 of $22,755,000, or $4.95 per outstanding share.
About AMS
American Shared Hospital Services (www.ashs.com) provides turnkey technology solutions for advanced radiosurgical and radiation therapy services. Since 1991, AMS' creative financing solutions have enabled its clinical partners to make the latest advances in radiation oncology available to patients at an affordable price. AMS is the world leader in providing Gamma Knife(R) radiosurgery equipment, a non-invasive treatment for malignant and benign brain tumors, vascular malformations and trigeminal neuralgia (facial pain). The Company also offers the latest IGRT and IMRT systems, as well as its proprietary Operating Room for the 21st Century(R) concept.
Last Trade: 2.9452 Week: 3.70 – 2.28Market Cap: 13.52 Million
China Integrated Energy Reports Third Quarter 2010 Financial Results; Increases Full-Year 2010 Revenue and Net Income Guidance
China Integrated Energy, Inc. (Nasdaq:CBEH - News), a leading non-state-owned integrated energy company in the People's Republic of China, today announced its financial results for the third quarter of 2010.
Highlights
·For the third quarter of 2010 sales was $106.8 million, increased by 47.5% from $72.4 million in the third quarter of 2009.
·Gross Profit and Gross Margin - Gross profit was approximately $16.0 million for the third quarter of 2010, an increase of $5.1 million, or 47.4%, as compared to the same period of 2009, and representing gross margins of approximately 15.0% in both periods
·Net Income – For the quarter ended September 30, 2010, net income was $13.7 million as compared to $9.9 million in the same period of 2009, an increase of $3.9 million, or 39.2%
Liquidity and Capital Resources
Cash and cash equivalents were $79.7 million as of September 30, 2010 versus $62.4 million as of December 31, 2009. Working capital equaled $133.1 million at September 30, 2010, compared to $121.1 million at December 31, 2009, an increase of 9.8%. The current ratio was 8.2:1 at September 30, 2010, compared to 12.8:1 at December 31, 2009. Net cash from operations was $35.6 million in the first nine months of 2010, compared to $19.3 million in the first nine months of 2009.
Financial Outlook for 2010
Based on the strong results recorded in the first nine months of 2010, Management expects to report sales of $435 million and net income of $53.5 million for the full year ended December 31, 2010.
About China Integrated Energy, Inc.
China Integrated Energy, Inc. is a leading non-state-owned integrated energy company in China engaged in three business segments: the production and sale of biodiesel, the wholesale distribution of finished oil and heavy oil products, and the operation of retail gas stations. The Company operates a 100,000-ton biodiesel production plant located in Tongchuan City, Shaanxi Province and a 50,000-ton plant in Chongqing City, China.
Last Trade: 9.3252 Week: 12. 31 – 5.60Market Cap: 315.29 Million