AGORACOM Small Cap TV - March 28th - Highlights
posted on
Mar 28, 2011 09:18AM
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 March 28th, 2011, 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.
Probe Mines Announces Further Assay Results for its Borden Lake Project Near Chapleau, Ontario: Up to 136.8 Metres Averaging 1.2 g/t Au, Including 10.3 Metres of 6.1 g/t Au
Probe Mines Limited (TSX VENTURE:PRB)
is pleased to announce that it has received further assay results from an ongoing drilling program on its Borden Lake gold project near Chapleau, Ontario. Results for diamond drill holes BL11-26 to BL11-28, and the remaining results for drill hole BL11-25, were received and successfully intersected gold mineralization underneath and to the southeast of the original discovery holes.
Significant widths of gold mineralization were returned from all holes, and include: a 108.9 metre interval averaging 1.1g/t Au in Hole BL10-27, a 136.8 metre interval grading 1.2 g/t Au in Hole BL11-28 and a 119 metre section grading 0.7 g/t Au in Hole BL11-26.
About Probe Mines:
Probe Mines Limited is a well financed, Canadian base and precious metal exploration company with approximately $2.5MM in treasury and a portfolio of highly prospective mineral properties. In addition to its Borden Lake Gold project the Company owns 875 claims covering approximately 14,000 hectares in the McFauld's Lake area, including a 100% interest in the Black Creek chromite deposit, and is currently exploring its Cree Lake project in Ontario's Swayze Belt, under option from Mantis Mineral Corp. Probe also maintains a 45% interest in a joint venture property with Lake Shore Gold Corp, which surrounds Lake Shore's Timmins Mine project and a 5% net smelter royalty on a portion of Agnico Eagle's Goldex Mine near Val d'Or, Quebec, which began production in 2008.
Last Sale: 1.44 Change:52 Week Range: 0.27 - 2.38 Market Cap: 52.71M
Sulliden Continues Drilling Success at Shahuindo-Intersects 1.64 g/t Gold Over 69 Metres
Sulliden Gold Corporation Ltd. (TSX:SUE) (OTCQX:SDDDF)
is pleased to announce new drilling results from its 100%-owned Shahuindo Gold and Silver Project in northern Peru. Six drills are currently operating on the property, and the Company is advancing with this year's 70,000 metre exploration program
Significant Gold drill intercepts:
* Hole RSH11-122 in the West Zone
o 1.64 g/t Gold over 69.0 meters including 2.99 g/t Gold over 19.5 metres and 2.89 g/t Gold over 12.0 metres
* Hole RSH11-111 in the West Zone
o 0.87 g/t Gold over 46.5 metres including 1.19 g/t Gold over 27.0 metres and 0.93 g/t Gold over 27.0 metres
Significant Silver drill intercepts:
* Hole RSH11-118 in the West Zone
o 85.3 g/t Silver over 28.5 metres including 153.8 g/t Silver over 10.5 metres
* Hole RSH11-114 in the West Zone
o 75.9 g/t Silver over 31.5 metres including 119.4 g/t Silver over 4.5 metres
ABOUT SULLIDEN
This project neighbors world-class gold mines including Barrick Gold's Lagunas Norte Mine, 30 km to the south, and the Yanacocha Mine operated by Newmont Mining Company, 80 km to the north; both million-ounce per year producing mines. A positive Preliminary Assessment for the project was completed in February 2010 and a Feasibility Study is currently underway.
Last Sale: 2.19 52 Week Range: 0.50 - 2.78 Market Cap: 442.77M
Intertainment's Ortsbo Real Time Translator Increases User Engagement by 47%
Intertainment Media Inc.(TSX VENTURE:INT)(OTCBB:ITMTF)(FRANKFURT:I4T)
announces that its social media, real time, language translation platform, Ortsbo.com (www.ortsbo.com), has achieved a 47% growth in User Engagement Minutes since the end of February, growing from 82.3 Million minutes to 121.3 Million minutes of total engagement. Other key indicators have also grown substantially with active monthly unique users, month over month, now at 8.6 Million, a 37% increase since the end of February.
In the past week, Ortsbo has generated over 10.8 Million minutes of User Engagement, 6.4 Million Page Views, 3.1 Million Online Sessions and 2.2 Million Unique Users.
With over 79% of Ortsbo users coming direct to www.ortsbo.com and www.ortsboqq.com, Ortsbo continues to experience strong viral growth as the vast majority of users are coming direct to the web sites, not using search engines or third party referrals.
The following are key highlights of Ortsbo since launch (July 22, 2010):
Growth to 8.6 Million Unique Monthly Users
121.3 Million Minutes of User Engagement
80.8 Million Page Views
36.2 Million Online Sessions
24.6 Million Unique Visitors From Over 170 Countries / Territories
54,000 Facebook Fans
9,000 Twitter Followers
Last Sale: 0.47 52 Week Range: 0.08 - 0.96 Market Cap: 58.35M
Highpower International, Inc. Reports Fourth Quarter and Full Year 2010 Financial Results
Highpower International, Inc. (NASDAQ:HPJ - News), a developer, manufacturer and marketer of nickel-metal hydride (Ni-MH) and lithium-ion (Li-ion) batteries and related products, today announced financial results for the fourth quarter and year ended December 31, 2010.
Business Highlights
--Net sales for the fourth quarter of 2010 increased 24% to $27.9 million
--Net sales for the year ended December 31, 2010 increased 49% to $104.9
million
--Gross profit margin for the fourth quarter of 2010 was 22.4% as
compared with 19.3% in the fourth quarter of 2009
--Gross profit margin for the year ended December 31, 2010 was 20.8% as
compared with 21.4% for the year ended December 31, 2009
--Net income for the fourth quarter of 2010 increased 126% to $1.4
million
--Net income for the year ended December 31, 2010 increased 36% to $6.0
million
--Fully diluted EPS for the fourth quarter increased by 100% to $0.10
--Fully diluted EPS for the year increased by 36% to $0.44
--Continued production ramp of Li-ion batteries to average monthly
production rate in excess of 1.3 million units for the fourth quarter
2010, an increase of 48% in production over the same period in 2009
Balance Sheet
At December 31, 2010, Highpower International had cash, cash equivalents and restricted cash totaling $14.5 million, total assets of $69.9 million, working capital of $10.1 million and stockholders' equity of $27.8 million. Bank credit facilities totaled $61.2 million at December 31, 2010, of which $22.5 million was utilized and $38.7 million was available as unused credit.
About Highpower International, Inc.
Highpower International, Inc. develops, manufactures and markets rechargeable nickel metal hydride (Ni-MH) and lithium-ion (Li-ion) batteries and related products for use in a variety of electronic devices. The majority of Highpower International's products are distributed worldwide to markets in the United States, Europe, China, Hong Kong, Taiwan, Southeast Asia and South America.
Last Trade: 3.370152 Week: 6.509 – 2.81Market Cap: 45.77 Million
Nutrastar Announces Record 2010 Performance and Revenue Guidance for 2011
Nutrastar International Inc. (OTC Bulletin Board: NUIN; "Nutrastar" or the "Company"), a leading producer and supplier of premium branded Traditional Chinese Medicine ("TCM") consumer products, today announced record financial results for the year ended December 31, 2010 and revenue guidance for the year ending December 31, 2011. For year 2010, revenues and net income both posted an increase of over 50% from year 2009.
Financial Highlights for the Year Ended December 31, 2010:
Revenues increased 58.1% to $24.2 million
Gross profit increased 82% to $19.6 million, a gross margin of 80.9%
Net income rose 73.6% to $13.4 million, representing a net margin of 55.5%
Basic earnings per share ("EPS") increased to $0.80; Diluted EPS increased to $0.79
About Nutrastar International Inc.
Nutrastar is a China based leading producer and supplier of premium branded TCM consumer products including commercially cultivated Cordyceps Militaris and functional health beverages. Cordyceps Militaris is one of the most highly regarded herbal nutrients in TCM. The Company believes it is the largest manufacturer of bioengineered Chinese Golden Grass in China, ranked by volume, according to China Market Monitoring Center (CMMC), accounting for approximately 19% market share in China.
Last Trade: 2.9552 Week: 4.10 – 1.01Market Cap: 42.28 Million
Claude Resources Inc. Reports 2010 Financial and Operating Results
Claude Resources Inc. (TSX: CRJ) (NYSE Amex: CGR) ("Claude" or the "Company") today reported its 2010 financial and operating results. For the year ended December 31, 2010, the Company recorded net earnings of $5.8 million, or $0.04 per share, after a gain of $1.1 million arising from the sale of certain of the Company's oil and natural gas assets. This compares to a net loss of $6.3 million in 2009, or $0.06 per share.
Gold revenue from the Company's Seabee Gold Operation for the year ended December 31, 2010 increased 15 percent to $56.0 million from $48.5 million recorded last year.
Quarterly Financial Highlights
For the quarter ended December 31, 2010, the Company recorded net earnings of $1.4 million, or $0.01 per share, compared to a net loss of $0.9 million, or $0.01 per share, for the comparable period in 2009.
Gold revenue generated during the fourth quarter was $14.9 million, a two percent decrease from the $15.2 million reported for the same period in 2009. This was a result of lower gold sales volume compared to 2009 (Q4 2010 - 10,844 ounces; Q4 2009 - 13,023 ounces) offset by improved Canadian dollar gold prices realized (Q4 2010 - $1,378 (U.S. $1,361); Q4 2009 - $1,167 (U.S. $1,105)).
About:
Claude Resources Inc. is a fully integrated Canadian gold exploration and mining Company that has the proven ability to "Discover, Develop & Deliver". The Company has a strong operating base and significant upside. Having been in operation during times of low gold prices, Claude has proven that it has the ability to survive challenging business environments.
Last Trade: 2.41 52 Week: 2.91 – 0.96 Market Cap: 338.14 Million
U.S. Antimony Reports 121% Revenue Growth and Net Profits for 2010
United States Antimony Corporation ("USAC", OTCBB "uamy.ob") reported a profit of $805,213 on sales of $9,073,324 for 2010 compared to a loss of $343,492 on sales of $4,103,340 for 2009. Sales had increased 121% from 2009 to 2010. Antimony sales increased from $2,567,107 in 2009 to $5,657,369 in 2010 an increase of 159%. Zeolite sales increased from $1,536,233 in 2009 to $2,415.955 in 2010 an increase of 57%. Profit was adversely affected by a non-cash write down of $199,302 for moving the Mexican flotation mill and an additional Mexican start-up cost of $245,700.
About
United States Antimony Corporation (USAC) (OTCB uamy.bo) has produced various antimony products since 1969. USAC originally mined antimony in Montana, but now mines antimony from its own properties in Mexico and receives other raw materialfrom non-Chinese sources throughout the world. The Company is fully integrated,including mining, transportation, milling, smelting, and sales.USAC operates the only significant antimony smelter in the United States.
Last Trade: 0.5152 Week: 0.66 – 0.32 Market Cap: 27.99 Million