AGORACOM Small Cap TV - August 8th - Highlights
posted on
Aug 08, 2011 09:39AM
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 Aug 8th, 2011, and we’ve found 10 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.
Rockwell announces: Extraordinary production of 373 carats in one day at Saxendrift; Finalization by DMR of Section 11 cession: South African Government grants rights for Tirisano Project
Rockwell Diamonds Inc. ("Rockwell" or the "Company") (TSX:RDI; JSE:RDI, OTCBB:RDIAF)
announced today that its Saxendrift mine produced a windfall day's production on August 2, 2011 and stated it had received confirmation of the Section 11 cession by the Department of Mineral Resources (DMR) for its Tirisano acquisition.
An extraordinary day's production at Saxendrift on Tuesday August 2, 2011:
On Tuesday August 2, 2011 373 carats were recovered at Rockwell's Saxendrift mine representing approximately half of the mine's budgeted monthly production in a single day. This is not only a record at the mine, but the highest daily production ever achieved within Rockwell's five year operating history. Among the stones recovered were four large stones weighing 180, 94, 43 and 34 carats.
"Rockwell's competitive advantage in the diamond world is the regular production of large high quality diamonds and although recoveries such as recently experienced at Saxendrift are rare they enhance the profitability of our mines." explains Campbell. "Saxendrift has a similar diamond distribution to both Wouterspan and Niewejaarskraal, which are next in a pipeline of development projects that Rockwell plans to bring on stream using improved diamond recovery processes."
About Rockwell Diamonds:
Rockwell is engaged in the business of operating and developing alluvial diamond deposits, with a goal to become a mid-tier diamond mining company. The Company has three existing operations, which it is progressively optimizing, two development projects and a pipeline of earlier stage properties with future development potential. Rockwell is also at an advanced stage of completing the acquisition of the Tirisano property.
Last: 0.55Range: 1.05-0.45Market Cap: 19.2 million
Maudore Reports Four New Drilling Results Above 21/2 oz/ton (85.8 g/t Au)--Highest 127.5 g/t (3.7 oz/ton) & Broad Near-Surface Intervals at Comtois
Maudore Minerals Ltd. (TSX - VX: MAO, FWB: M6L),
is very pleased to report further new exceptional drilling intercepts including 4 intercepts above 85.8 g/t gold (>21/2 oz/ton) from the Midway area on the Comtois Property, along with several other new significant results from ongoing exploration and definition drilling on its property located north of Val-d'Or, Quebec, Canada.
Maudore's CEO Ron Shorr said, "I continue to be amazed at the high grade gold we're finding at Comtois. So far this year we've reported 18 intercepts above 1 ounce per ton gold; some as high as over 34 ounces a ton. These results will increase the gold contained within our strike length of 1.8 kilometres."
Four Exceptional Gold Intercepts above 21/2 oz/ton (>85.8 g/t gold) - Midway
* 127.5 g/t gold (3.7 oz/ton) over 1.3m (COM-11-651), from 293.0 to 294.3m depth, included within 32.8 g/t gold over 5.3m (Midway area; section 1775 E).
* 95.0 g/t gold (2.8 oz/ton) over 0.8m (COM-11-616), from 257.3 to 258.1m depth, included within 33.8 g/t gold over 3.1m. The 3.1m intercept also includes 23.3 g/t Au over 1.2m (Midway area; section 1700 E).
* 90.7 g/t gold (2.6 oz/ton) over 0.5m (COM-11-684), from 214.6 to 215.1m depth, included within 8.5 g/t gold over 5.9m (Midway area, 1900E).
* 86.5 g/t gold (2.5 oz/ton) over 1.1m (COM-11-677), from 346.9 to 348.0m depth, included within 39.8 g/t gold over 2.4m (Midway area, section 1875 E).
About Maudore Minerals Ltd.
Maudore owns 100% of the Comtois Gold Project in Quebec. Infrastructure necessary for mining is excellent with a paved highway in close proximity, accessibility to North America's lowest cost power, and a mining-oriented local workforce.
Last: 4.07Range: 6.90-3.41Market Cap: 107 million
BonTerra Intercepts a Zone 169.70 Metres Grading 0.73 Grams / Tonne Gold, Including Various High Grade Zones Assaying up to 54 g/t Gold on the Eastern Extension Property
BonTerra Resources Inc. (TSX VENTURE: BTR)(FRANKFURT: 9BR)
received complete gold assays for drill hole BA-11-10. This hole has the widest gold intercept BonTerra has discovered to date and to the knowledge of the Company the widest ever gold intercept for the Urban-Barry belt. This zone is 169.70 metres in width assaying 0.73 grams/tonne ("g/t") gold. This expansive gold intercept is roughly twelve and a half times wider than the original gold zone discovered in BA-10-01 as disclosed in a news release dated November 9, 2010.
As is typically seen on the property, there are bands of high grade gold situated within the large gold zones. In this drill hole, high grade stretches assayed as high as 54 g/t gold. Gold grades are outlined below and in table 1.
-- 89.70 metres assaying 1.33 g/t gold -- 78.70 metres assaying 1.47 g/t gold -- 57.20 metres assaying 1.97 g/t gold -- 31.00 metres assaying 2.84 g/t gold -- 4.50 metres assaying 18.16 g/t gold -- 2.30 metres assaying 31.63 g/t gold -- 0.70 metres assaying 54.00 g/t gold
About BonTerra Resources
BonTerra is a Canadian gold exploration company focused continuing to expand the known gold zone on its Eastern Extension property, part of the world famous Abitibi Greenstone Belt of Quebec. BonTerra has a total of four properties in the Urban-Barry belt, all gold exploration targets. BonTerra's Eastern Extension, Lavoie, Urban-Barry and Anderson properties are located approximately 170 km NE of Val-d'Or and 125 km SW of Chibougamau in the Urban, Barry and Bailly townships in Quebec.
Last: 0.175Range: 0.71-0.09Market Cap: 12.5 million
Source Intersects 1.05 g/t Gold, 2.10 g/t Silver and 0.34% Copper (1.69 g/t Gold Equivalent) Over 22.0 Metres at Cinco Senores
Source Exploration Corp. (TSX VENTURE:SOP)
is pleased to provide highlights from additional drilling at the Cinco Senores and Las Minillas skarn zones on the Company's Las Minas Project with highlighted assays of 1.05 g/t Gold, 2.10 g/t Silver and 0.34% Copper (1.69 g/t Gold Equivalent) over 22.0 metres. The Cinco Senores skarn zone is located approximately 730 metres west-northwest of the Las Boquillas drilling (with previously released assays of 16 metres grading 1.35 grams per tonne gold, 2.74 grams/tonne silver and 0.45% copper or 2.20 grams/tonne gold equivalents), and is believed to be the on-strike continuation of mineralization outlined at Las Boquillas and El-Dorado. Drilling at Las Minillas was designed to test a shallow dipping mineralized skarn zone that yielded 3.89 g/t gold, 26.60 g/t silver and 0.83 % copper over 2.0 metres in previous sampling.
significant intercepts from recent drilling at Cinco Senores and Las Minillas include:
Cinco Senores
--1.05 g/t gold, 2.10 g/t silver and 0.34 % copper or 1.69 g/t gold
equivalent over 22.0 metres.
--0.62 g/t gold, 6.32 g/t silver and 0.27 % copper or 1.22 g/t gold
equivalent over 11.0 metres.
--0.51 g/t gold, 8.35 g/t silver and 0.37 % copper or 1.32 g/t gold
equivalent over 15.10 metres.
--2.67 g/t gold, 37.9 g/t silver and 2.06 % copper or 7.03 g/t gold
equivalent over 1.75 metres.
About Source Exploration
Source Exploration is a well-financed Canadian based mineral exploration company committed to building long term value through ongoing discoveries and strategic acquisitions of economic gold and silver deposits in Mexico. The Las Minas gold - silver and copper project is the Company's current focus, comprised of five mineral concessions covering approximately 1,271 hectares in the core of the Las Minas district in the State of Veracruz, Mexico.
Last: 0.25Range: 0.69-0.10Market Cap: 11.4 million
Oro Mining Intersects Additional High-Grade Gold Mineralization from Its Sonic Drilling Campaign and Releases Multiple Drill Results at Taunus Project, Mexico
Oro Mining Ltd. (TSX VENTURE:OGR)
has announced additional positive drill results and completes the current round of drilling on its Taunus project.
"Drilling directly below the pit floor has shown that there are mineralized connections between the near surface El Dorado zone and the deeper HS zone, as we previously thought," said John Brownlie, CEO of Oro Mining. "We have also stepped out on strike and have identified additional mineralization along the structural corridor."
--Sonic hole SN24 intersected 48 metres of 2.2 g/t gold expanding the HS
zone 20 metres to the east of the previous model. The last drill sample
interval assayed 4.1 g/t gold, indicating the HS zone is open at depth.
--Sonic hole SN27 intersected 18.7 metres of 2.0 g/t gold in the Eldorado
zone and 40.9 metres of 1.7 g/t gold in the HS zone, both intervals are
at least twice the gold grade of previous nearby reverse circulation
(RC) drill hole results.
--Sonic hole SN30 intersected 10.6 metres of 2.9 g/t gold in the Eldorado
zone. This hole is considered to have identified new mineralization on
strike and near surface.
--Sonic holes 23, 25 and 26 have identified additional gold mineralization
that will increase the Taunus resource.
About Oro Mining
Oro Mining is a publicly-listed company on the TSX Venture Exchange with properties located in Sinaloa and Zacatecas, Mexico. Oro Mining's corporate mandate is to advance its projects toward production, while continuing to make exploration discoveries on its extensive property position. The district-scale Trinidad property that hosts the Taunus gold deposit continues to be the focus of Oro Mining's exploration and project development activities.
Last: 0.29Range: 0.54-0.23Market Cap: 34.9 million
..
AutoInfo, Inc. Announces Second Quarter Results
AutoInfo, Inc. (OTCBB: AUTO), a non-asset based transportation services company, today announced results of its operations for the quarter and six months ended June 30, 2011.
For the six months ended June 30, 2011, the Company reported gross revenues of $162.4 million as compared with $126.5 million for the prior year period. Income from operations was $2.8 million as compared with $2.2 million for the prior year period. Net income was $1,565,000 and basic earnings per share were $.05 per share for the current period, as compared with $1,153,000 and $.03 per share for the prior year period.
For the three month period ended June 30, 2011, the Company reported gross revenues of $87.0 million as compared with $69.6 million for the prior year period. Income from operations was $1.6 million as compared with $1.4 million for the prior year period. Net income was $905,000 and basic earnings per share were $.03 per share for the current period, as compared with $728,000 and $.02 per share for the prior year period.
AutoInfo, Inc. operates in two business segments, non-asset based transportation services and agent support services. The non-asset based transportation services segment includes our brokerage and contract carrier services which are provided through a network of independent sales agents throughout the United States and Canada. Revenue in this segment is generated from freight transportation transactions.
Last Trade: 0.5652 Week: 0.91 – 0.22Market Cap: 19.06 Million
Timberline Resources Corporation
.
Timberline Reports Record Financial Results for Third Quarter 2011
--Record net income of $1.42 million from Timberline's contract drilling
subsidiary, Timberline Drilling Incorporated, on revenues of $8.62
million (a 123-percent increase in net income year over year). Increased
drill rig utilization and improved daily production rates contributed to
these outstanding results.
--Record consolidated net income of $0.53 million, net of a $0.89 million
loss by Timberline's exploration division and corporate office,
including exploration expenditures of $0.48 million and non-cash
expenses of $0.02 million.
--Consistently excellent results from underground drilling at Butte
Highlands, including the highest-grade gold assay ever reported at the
project, 14.5 feet grading 6.77 ounces of gold per ton (4.4 metres of
232 grams per tonne), along with many other ore-grade intercepts.
Timberline holds a 50-percent carried-to-production interest at Butte
Highlands where production is slated to commence early in 2012.
About Timberline Resources
Timberline Resources Corporation is exploring and developing advanced-stage gold properties in the western United States. The Company is primarily focused on the goldfields of Nevada, where it is advancing its flagship Lookout Mountain Project toward a production decision while exploring a pipeline of quality earlier-stage projects at its South Eureka Property and elsewhere. Timberline also features a 50-percent carried-to-production interest at its Butte Highlands Joint Venture where gold production is slated to commence early in 2012.
Last Trade: 0.6852 Week: 1.40 – 0.624Market Cap: 37.84 Million
.
Ballantyne Strong, Inc. (NYSE Amex: BTN)
Ballantyne Reports Diluted EPS of $0.17 on 15% Increase in Net Revenues to $37.6 Million
Ballantyne Strong, Inc. (NYSE Amex: BTN), a provider of digital cinema projection equipment and services, cinema screens and other cinema products, today reported financial results for the second quarter (Q2) and six months ended June 30, 2011.
Second Quarter Highlights
Ballantyne Strong's net revenues rose 15% to $37.6 million, led by digital projection system and cinema service revenues, which increased 34% and 38% year-over-year to $26.4 million and $2.9 million, respectively. Cinema screen sales grew approximately 9% to $4.9 million.
Ballantyne generated $3.7 million of operating income, compared to $3.2 million in the year-ago quarter, due to the increased sales achieved by the Company as operating margins remained consistent with the prior year. Ballantyne's net earnings were $2.5 million, or $0.17 per diluted share, compared to $2.8 million, or $0.19 in Q2 2010. The prior-year period results were positively impacted by approximately $1.3 million ($0.8 million after-tax), or $0.06 per diluted share, of equity income and gains pertaining to the Company's Digital Link II joint venture with RealD (NYSE: RLD).
Consolidated gross profit increased 14% to $6.8 million, or an 18.0% gross margin on net revenues, compared to gross profit of $6.0 million, or 18.2% of net revenues in the year-earlier period. Selling expenses were $1.0 million, or 2.7% of net revenues, up from $0.8 million in Q2 2010, or 2.6% of net sales.
Six-Month Results
Net revenues rose approximately 20% to $69.5 million. Gross profit was $12.8 million, or 18.5% of net revenues, compared to 2010 gross profit through the first six months of $10.3 million, or 17.7% of net revenues. Net earnings were $4.0 million, or $0.28 per diluted share, compared to net earnings of $3.8 million, or $0.26 per diluted share, in the first half of 2010.
About Ballantyne Strong, Inc. (www.strong-world.com)
Ballantyne Strong is a provider of digital cinema projection equipment and services as well as cinema screens, motion picture projectors and specialty lighting equipment and services. The Company supplies major and independent theater chains, top arenas, theme parks and architectural sites around the world.
Last Trade: 3.2752 Week: 9.74 – 3.18Market Cap: 47.22 Million
Gastar Exploration Ltd. (NYSE Amex: GST)
.
Gastar Exploration Ltd. Reports Second Quarter 2011 Results
Gastar Exploration Ltd. (NYSE Amex: GST) ("Gastar") today reported financial and operating results for the three- and six-month periods ended June 30, 2011.
Net income attributable to Gastar's common shareholders for the second quarter of 2011 was $126,000, or $0.00 per diluted share. This compares to a net loss of $2.5 million, or $0.05 per share, for the second quarter of 2010. Excluding the impact of an unrealized natural gas hedging gain of $502,000 and other special items, adjusted net loss attributable to common shareholders was $377,000, or $0.01 per share for the second quarter of 2011.
Net cash flow provided by operations for the second quarter of 2011 was $6.1 million compared to net cash flow used in operations of $2.7 million in the same period last year. Net cash flow from operations for the first half of 2011 was $7.7 million, versus $5.1 million for first six months of 2010.
Natural gas and oil revenues increased 26% to $8.5 million in the second quarter of 2011, up from $6.7 million for the same period a year ago. The increase in revenues was the result of an 18% increase in volumes combined with a 7% increase in realized commodity prices.
About Gastar Exploration
Gastar Exploration Ltd. is an independent company engaged in the exploration, development and production of natural gas and oil in the United States. Our principal business activities include the identification, acquisition, and subsequent exploration and development of natural gas and oil properties with an emphasis on prospective deep structures identified through seismic and other analytical techniques as well as unconventional natural gas reserves, such as shale resource plays.
Last Trade: 4.0652 Week: 5.44 – 2.85Market Cap: 263.34 Million
AMERICAN SHARED HOSPITAL SERVICES (NYSE AMEX:AMS)
.
American Shared Hospital Services Reports Second 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 second quarter and first half of 2011.
Second Quarter Results
For the three months ended June 30, 2011, revenue increased 1.2% to $4,206,000 compared to $4,155,000 for the second quarter of 2010. Net income for the second quarter of 2011 rose to $21,000, or $0.00 per share. This compares to net income of $3,000, or $0.00 per share, for the second quarter of 2010.
The number of procedures performed on Gamma Knife(R) Perfexion(TM) systems supplied by AMS increased 10.3% for the second quarter of 2011 and 15.9% for the first half, compared to the second quarter and first half of 2010, respectively.
Gross margin for this year's second quarter increased to 43.7% compared to 42.1% for the second quarter of 2010. Operating income increased 37.2% to $225,000 for the second quarter of 2011 compared to $164,000 for the second quarter of 2010.
Cash flow, as measured by earnings before interest, taxes, depreciation and amortization (EBITDA), was $2,034,000 for the second quarter and $4,081,000 for the first six months of 2011, compared to $2,001,000 for the second quarter and $3,985,000 for the first six months of 2010.
Balance Sheet Highlights
At June 30, 2011, AMS reported cash, cash equivalents and certificates of deposit of $9,818,000 compared to $10,438,000 at December 31, 2010. Shareholders' equity at June 30, 2011 was $23,954,000, or $5.19 per outstanding share. This compares to shareholders' equity at December 31, 2010 of $23,044,000, or $5.01 per outstanding share.
First Half Results
For the six months ended June 30, 2011, revenue increased 4.0% to $8,573,000 compared to $8,243,000 for the first six months of 2010. Operating income increased 40.5% to $451,000 for this year's first half compared to $321,000 for the first half of last year. Net income for the first six months of 2011 increased to $42,000, or $0.01 per diluted share, compared to net income for the first six months of 2010 of $11,000, or 0.00 per diluted 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).
Last Trade: 3.1552 Week: 3.75 – 2.65Market Cap: 14.46 Million