AGORACOM Small Cap TV - May 11th - Highlights
posted on
May 11, 2011 09:30AM
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 May 11th, 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.
Extreme Biodiesel Selected to be the equipment manufacturer for mobile self-contained biodiesel processors at the Advanced Defense and Security Technology Summit and Afghanistan Reconstruction Summit
BookMerge Technology, Inc. (OTCBB:BRKM),
through its wholly owned subsidiary, Extreme Biodiesel, was selected by EGRO to be the equipment manufacturer for mobile self-contained biodiesel processors at the Advanced Defense and Security Technology Summit and Afghanistan Reconstruction Summit in May, 5-6, 2011 in Ras al Khaimah, U.A.E.
The Summit was held by DACC Associates to chair an inter-agency working group on regional fuel and infrastructure issues, including providing access to diesel fuel for senior government, business and military application in Afghanistan, Pakistan, and Iraq. This Summit provided participating businesses the first opportunity to sell mobile biodiesel and other equipment in the region.
About BookMerge Technology, Inc. (OTCBB:BRKM)
BookMerge Technology is an alternative fuel and recycling company. The company's mission is to provide a cost effective, high quality alternative diesel fuel, create Green Jobs, reduce the environmental impact of fossil fuels and diminish U.S. reliance on foreign oil. BookMerge Technology acquired Extreme Green Technologies, dba Extreme Biodiesel to fulfill that mission. Extreme Biodiesel is a fully licensed and permitted Biodiesel producer operating in Corona, Ca. Our facility has been operating since Jan 2008, producing biodiesel fuel, manufacturing personal biodiesel processors and the recently added restaurant brown grease recycling service.
Last: 0.10Range: 0.22-0.06Market Cap: 10.24 million
Timmins Gold Sells 65,784 Ounces of Gold During First Year of Commercial Operations at the San Francisco Mine
Timmins Gold Corp TMM
pleased to announce preliminary production statistics for its first year of commercial operations for the year ended March 31, 2011 from its wholly owned San Francisco open pit gold mine located in northern Sonora, Mexico.
The Company achieved a record quarter of daily production, averaging a total of 13,415 tonnes of ore processed per day for the three months ended March 31, 2011. A total of 18,755 ounces of gold was sold during the three months ended March 31, 2011 for a total of 65,774 ounces of gold sold for the year ended March 31, 2011.
The construction of a new crushing module is scheduled for completion in July, 2011 which will increase crushing capacity to 18,000 tonnes of ore processed per day. The increase in the crushing capacity will allow the ramp up to a targeted production of 100,000 gold ounces per year.
"Management is extremely pleased with the results from our first year of operations. The operations team has delivered continued operational improvements quarter over quarter," stated Bruce Bragagnolo, CEO of Timmins Gold Corp.
About Timmins Gold
Focused solely in Mexico, Timmins Gold Corp is in commercial gold production at its wholly owned San Francisco gold mine in Sonora, Mexico. The mine is a past-producing open pit heap leach operation. Timmins Gold has forecast production at a rate in excess of 100,000 ounces of gold per year at a life of mine cash cost of approximately U.S. $489 per ounce. (Micon International NI 43-101F1 Technical Report dated November, 2010).
Last: 2.51Range: 2.80-1.18Market Cap: 343 million
Uranium One Announces 33% Increase in Q1 2011 Production to a Record 2.4 Million Pounds; Average Cash Costs of $14 per Pound
Uranium One Inc UUU
reported record quarterly revenue of $101.9 million for Q1 2011 based on sales of 1.7 million pounds at an average realized sales price of $61 per pound. Quarterly production was a record 2.4 million pounds at a total cash cost per pound sold of $14.
Q1 2011 Highlights
Operational Results
--Total attributable production during Q1 2011 was a record 2.4
million pounds, 33% higher than total attributable production
of 1.8 million pounds during Q1 2010.
--The average total cash cost per pound sold was $14 during Q1
2011, 22% lower than the average cash cost per pound sold of
$18 during Q1 2010.
--First full quarter of attributable production from the recently
acquired Akbastau and Zarechnoye mines was 366,900 pounds and
231,000 pounds, respectively.
About Uranium One
Uranium One is one of the world's largest publicly traded uranium producers with a globally diversified portfolio of assets located in Kazakhstan, the United States, and Australia.
Last: 4.08Range: 7.02-1.97Market Cap: 3.9billion
Hathor Intersects 42.8 m at 3.26 % U3o8 to Solidify The Potential of the Far East Zone at Roughrider
Hathor Exploration Limited HAT
announce the final assay results from the 2011 winter drill program at the Roughrider uranium deposit in the Athabasca Basin, Saskatchewan. The potential for the Far East discovery is solidified by the number and quality of drill hole intersections. Drilling this summer at Roughrider will focus on the potential of the Far East Zone.
A total of 19,244 metres were completed in 49 drill holes during the winter program (Figure 1), of which 17 were completed at Far East for a total of 7,587 m (Figure 2). Fifteen of seventeen holes at Far East intersected uranium mineralization over significant widths. Summary composite grade and thickness data are highlighted below. Complete uranium assays are in Table 1 which follows the figures; complete chemical analyses are provided on the Company's website at www.hathor.ca.
--MWNE-11-698:42.8 mat3.26 % U3O8
incl.6.5 mat 10.47 % U3O8
--MWNE-11-687:45.5 mat2.05 % U3O8
--MWNE-11-683:40.5 mat1.12 % U3O8
--MWNE-11-692A: 21.0 mat3.42 % U3O8
and4.0 mat5.00 % U3O8
--MWNE-11-667:37.5 mat1.57 % U3O8
--MWNE-11-694:51.0 mat1.69 % U3O8
--MWNE-11-696:12.7 mat3.10 % U3O8
About the company
Hathor Exploration Ltd. is a junior uranium company focused on exploration projects in the Athabasca Basin of Northern Saskatchewan, Canada. Hathor's goal is to discover, advance and develop high grade, world class uranium deposits.
Last: 2.29Range: 3.57-1.35Market Cap: 248 million
Lago Dourado Intercepts 71m of 0.80 g/t Gold, Including 46.5m of 1.10 g/t Gold at Juruena Project in Brazil
Lago Dourado Minerals Ltd LDM
pleased to announce initial assay results from its 18,000-metre Phase I drill program on its 100%-owned Juruena Gold Project in Mato Grasso, Brazil. Results for the first 8 of 13 holes drilled at the Crentes Zone are summarized in Table 1 below. Highlights include:
nHole JRND001 which intercepted 71 metres of 0.80 g/t gold from surface, including 46.5 metres of 1.10 g/t gold; -- Hole JRND007 which intercepted 61 metres of 0.76 g/t gold from surface, including 10 metres of 2.49 g/t gold.
About the Company:
Lago Dourado Minerals Ltd. is a Canadian mineral exploration company focused on advancing its 100%-owned Juruena gold project in the state of Mato Grosso, Brazil. Extensive gold mineralization has been identified, and at least 0.5 million oz of gold has been mined from surface workings, over 10 square kilometres of the property which remains largely untested. An expanded phase I drill campaign (18,000 metres) is currently underway and is expected to continue throughout 2011. The Company currently has 62.1 million shares outstanding.
Last: 0.83Range; 1.15-0.50Market Cap: 51.5 million
Explor Intersects 8.12 g/tonne Au Over 15.3 Meters on Timmins Porcupine West
Explor Resources Inc EXS
pleased to announce the results of two (2) drill holes being the next series of holes completed on the previously announced 20,000 meter (Phase III) diamond drilling program. Hole #45 to hole #46 are reported in this press release.
It is interesting to note that the intersection in Hole #11-46 (8.12 g/tonne over 15.3 m) is 80 meters west of the mineralization in Hole #11-45 (8.05 g/tonne over 6.5 m) and 100 meters down dip of the intersection in Hole #10-30 (9.22 g/tonne over 11.0 m). Wedges are currently being drilled to confirm the continuity of the grade and mineralization (Assays are pending). What we see here is an emerging high grade gold zone that is getting wider as it goes to depth. To the west of the current intersections, there remains 1.0 kilometre of untested strike length to the Lake Shore Property boundary.
About Explor Resources Inc.
Explor Resources Inc. is a Canadian-based natural resources company with mineral holdings in Ontario, Quebec, Saskatchewan and New Brunswick. Explor is currently focused on exploration in the Abitibi Greenstone Belt. The belt is found in both provinces of Ontario and Quebec with approximately 33% in Ontario and 67% in Quebec. The Belt has produced in excess of 180,000,000 ounces of gold and 450,000,000 tonnes of cu-zn ore over the last 100 years. The Company is headquartered in Quebec and was incorporated in Alberta in 1986.
Last: 0.76Range: 0.93-0.25Market Cap: 83.8 million
Man Shing Agricultural Holdings Announces 35% Net Income Improvement for 2011 Fiscal Third Quarter
Man Shing Agricultural Holdings, Inc. (OTCBB: MSAH) ("Man Shing" the "Company," "we," "us," or "our"), located in the Shandong Province and one of the largest Chinese exporters of high quality, fresh ginger to Japan, the United Kingdom, and the Netherlands, today announced the financial results for the three and nine month periods ending March 31, 2011.
Financial Highlights for the Three Months Ended March 31, 2011
--Revenue increased 50.4% year-over-year to $8 million
--Gross profit increased 53.4% to $3.3 million; gross margin was 41.8%
--Net income increased 34.8% to $2.3 million
--Diluted EPS of $0.05 based on 46.9 million weighted average shares
outstanding
Summary Financials for Three Months Ended March 31, 2011:
2011 Fiscal Third Quarter Results (USD) (Unaudited)
Three months ended March 31,Fiscal Q3Fiscal Q3
201120112010CHANGE
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Revenue$8 million$ 5.3 million+50.4%
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Gross Profit$ 3.3 million$ 2.2 million+53.4%
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Gross Profit Margin41.8%41.0%-
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Net Income$ 2.3 million$ 1.7 million+34.8%
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Basic EPS *$ 0.05$ 0.05-
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Diluted EPS **$ 0.05$ 0.02+150%
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About Man Shing Agricultural Holdings, Inc.
Man Shing Agricultural Holdings, Inc., through its operating subsidiary in Shandong of China, is focused on the production and processing of fresh ginger and other select vegetables such as onion and garlic. The Company produces high quality ginger which meets the requirements of the British Retail Consortium Global Food Standard.
Last Trade: 0.45 52 Week: 0.76 – 0.09Market Cap: 21.61 Million