AGORACOM Small Cap TV - February 11th - Highlights
posted on
Feb 11, 2011 09:12AM
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 February 11th, 2011, and we’ve found 3 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.
Donner Metals Ltd. (TSX VENTURE:DON)(FRANKFURT:D4M),
Released yesterday after market
reports that the Company has received notice from partner Xstrata Canada Corporation - Xstrata Zinc Canada Division ('Xstrata Zinc') that it will conduct a feasibility study on the PD1 Deposit commencing immediately.
The study will focus on the open pit potential of the deposit between 25 and 100 metres vertical depth, as incremental feed to the Matagami mill that could supplement production from the Bracemac-McLeod deposit between 2013 and 2016.
The remainder of the deposit will be assessed in a scoping study that will investigate the viability of further exploitation of the deposit by underground development. These studies have been initiated on the basis of the measured and indicated resources reported by the Company in its press release dated January 14, 2011.
PROJECT OVERVIEW
The PD1 deposit is covered by the terms of the Matagami Option and Joint Venture Agreement which has an area of mutual interest of 4,753 square kilometres. The Matagami project presently includes 2,986 mineral claims covering 644 square kilometres including 9 contiguous mineral claims covering the PD1 deposit that are subject to cash and royalty payments to Phelps Dodge Corporation of Canada.
Last Sale: 0.28 52 Week Range: 0.17 - 0.33 Market Cap: 30.87M
China ACM Reports Second Quarter FY-2011 Results; Revenue Rises 32% to Record $34.5 Million
China Advanced Construction Materials Group, Inc. (NASDAQ:CADC) ("China ACM"), a leading provider of ready-mix concrete and related technical services in China, today announced its financial results for the Fiscal Year 2011 second quarter ended December 31, 2010. The Company will host a conference call to discuss the results today at 10:00 a.m. Eastern, 7:00 a.m. Pacific; details are provided below.
Second Quarter FY 2011 Financial Highlights
--Revenue increased 32% year over year to $34.5 million
--Gross margin expanded to 19.4% sequentially vs.13.3% in Q1-11
--Non-GAAP adjusted net income available to common shareholders up 14.5%
YOY to $4.9 million
--Non-GAAP adjusted fully diluted EPS to common shareholders of $0.27
--GAAP net income available to common shareholders of $3.2 million,
decreased from $7.6 million YOY primarily on $4.8 million higher non-
cash net expense for the change in fair value of warrants
--Quarter end backlog at record $66.7 million, up 15% sequentially from Q1-11
--Adjusted EBITDA of $7.1 million, up 21.4% YOY.
About China ACM
China ACM is a leading producer of advanced, certified eco-friendly ready-mix concrete (RMC) and related technical services for large scale, high-speed rail (HSR) and other complex infrastructure projects. Leveraging its proprietary technology and value-add engineering services model, the Company has won work on numerous high profile projects including the 30,000 km China HSR expansion, the Olympic Stadium Bird's Nest, Beijing South Railway Station, Beijing International Airport, National Centre for Performing Arts, CCTV Headquarters, Beijing Yintai Building and U.S. and French embassies.
Last Trade: 4.7752 Week: 5.69 – 2.95Market Cap: 84 Million