AGORACOM Small Cap TV - November 14th - Highlights
posted on
Nov 14, 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 November 14th, 2011, and we’ve found 7 great press release 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.
Afferro Mining Inc. - Nkout Overall Resource Increased by 41% to 2 Billion Tonnes
Afferro Mining Inc. TSX-V: AFF,AIM: AFF
pleased to announce its third NI 43-101 compliant Mineral Resource Estimate ("MRE") of 2011 for the Nkout project in Cameroon.
Highlights:
Total Nkout resource increased by 41% to 2.0Bt at 32.2% Fe
70% tonnage increase in high-grade, potential direct shipping ore ("DSO")to 18.5Mt
Corresponding increase in DSO grade from 58.7% Fe total to 60.3% Fe total with an associated drop in SiO2, Al2O3
944Mt of magnetite banded iron formation ("BIF") promoted to Indicated category at Nkout Centre, representing 47% of the MRE
MRE now covers an 8.9km section of a 20km-long magnetic anomaly
Drilling campaign continues to focus on further definition of high-grade zones and adding additional tonnage at depth
Luis da Silva, Chief Executive of Afferro, commented:
"This is the third resource increase of the year at Nkout, demonstrating the speed of the project development, having commenced drilling just 15 months ago.It is a substantial increase in both the magnetite BIF and the potential DSO resource with an increase in grade. Together with the infrastructure scoping study, which we expect to release shortly, this goes further to demonstrating the economic viability of the Nkout iron ore project. Our aggressive drilling campaign continues at pace with further metallurgical test work continuing on the DSO, saprolite and BIF."
About Afferro Mining Inc.
Afferro is an established exploration and development company listed on the TSX-V (AFF) and AIM (AFF). Afferro's portfolio includes the Nkout iron ore project (the "Nkout Project"), and surrounding iron targets in Cameroon and which is subject to a resource expansion drilling programme. Afferro also has a 38.5% interest in the Putu iron ore project in Liberia (the "Putu Project"), which is subject to a resource expansion drilling programme and is moving through pre-feasibility managed by joint venture partner Severstal Resources (the mining division of London and Moscow listed OAO Severstal). In September 2010, the Putu Project was granted a 25 year renewable Mineral Development Agreement by the Government of Liberia.
Last: 0.73Range: 2.47-0.70Market Cap: 75.8 million
New Pacific Metals Recent Drilling Confirms Gold Mineralization Supporting Potential "Bulk-Mining" Widths in the Goddell Deposit at Tagish Lake Gold Project
New Pacific Metals Corp. (TSX VENTURE:NUX)
is pleased to announce the 2011 assay results from drilling at the Goddell gold deposit at its wholly owned Tagish Lake Gold Project in the Yukon Territory, Canada.
The most prominent results include
36.7m @ 4.2 g/t gold from 514.99 meters to 551.69 meters in hole GG11-02 and
24.67m @ 4.33 g/t gold from 544 meters to 568.67 meters in hole GG11-04.
The drill results confirm the wide zone of gold mineralization known as "PD Merged Zone" reported by historical drilling.
About New Pacific Metals Corp.
New Pacific Metals Corp. is a Canadian near-term gold and silver production mining company engaged in the exploration and development of gold poly-metallic properties in the Yukon, Canada. The Company's only project is the Tagish Lake Gold Property in Yukon Territory. With experienced management and sufficient technical and financial resources, the Company is well positioned to build shareholder value through discovery, exploration and resource development.
Last: 1.18Range: 2.50-0.98Market Cap: 79.4 million
China Modern Net Income Increases 70.7% and Reports $0.07 EPS for the 2012 Fiscal First Quarter
China Modern Agricultural Information Inc. ("the Company") (OTCQB: CMCI) (PINKSHEETS: CMCI), a high-tech livestock company specializing in the breeding of cows and calves, the production and sale of milk and the sale of organic fertilizer, today announced the financial results for the 2012 fiscal first quarter ended September 30, 2011. Net income increased 70.7% to $2.6 million or $0.07 per basic and diluted earnings per share.
Financial results for the 2012 fiscal first quarter ended September 30, 2011
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2012 Fiscal First Quarter (USD) (unaudited)
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Three Months End September 30,20112010CHANGE
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Revenue$5.0 million$4.3 million16.1%
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Gross Profit$3.4 million$2.1 million57.7.%
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Gross Profit Margin67.8%49.9%35.9%
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Net Income$2.6 million$1.5 million70.7%
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Basic and diluted EPS*$0.07$0.0540%
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Liquidity and Capital Resources
As of September 30, 2011, China Modern had approximately $9.8 million in cash and cash equivalents or $0.24 per share. As of September 30, 2011, total current assets and total assets were approximately $13.0 million and $34.5 million.
About
China Modern Agricultural Information Inc. ("the Company") (OTCQB: CMCI) (PINKSHEETS: CMCI),is a high-tech livestock company specializing in the breeding of cows and calves, the production and sale of milk and the sale of organic fertilizer.
Last Trade: 0.2752 Week: 2.00 – 0.20Market Cap: 11.1 Million
PYDS Reports Record Earnings for Third Quarter of 2011
Payment Data Systems, Inc. (OTCBB: PYDS) an integrated electronic payments solutions provider, today announced financial results for the quarter ended September 30, 2011.
Revenues increased to $1,437,592 for the third quarter of 2011 up from $648,927 for the third quarter of 2010 due to higher transaction growth. The operating income for the quarter ended September 30, 2011 was $208,996 compared to operating loss of $134,626 for the third quarter of 2010. Net income for the quarter ended September 30, 2011 was $262,541 up from a net loss of $142,116 for the third quarter of 2010.
Highlights for the third quarter of 2011 include:
About Payment Data Systems, Inc.
Payment Data Systems is an integrated payment solutions provider to merchants and billers. The organization provides an extensive set of products to deliver world-class payment acceptance. Payment Data has solutions for merchants, billers, banks, service bureaus and card issuers. The strength of the company is its ability to offer specifically tailored solutions for card issuance, payment acceptance and bill payments.
Last Trade: 0.1052 Week: 0.13 – 0.0021Market Cap: 14.27 Million
LiqTech International, Inc. Reports Results of Third Quarter of 2011; Sales Grow by 62 Percent, Net Income Grows 497 Percent
LiqTech International, Inc. (OTCBB: LIQT) announced today its financial and operational results for the three months ended September 30, 2011.
Financial highlights for the three months ended September 30, 2011:
Financial highlights for the nine months ended September 30, 2011:
ABOUT LIQTECH INTERNATIONAL, INC.
LiqTech International, Inc., a Nevada corporation ("LiqTech"), is an award winning cleantech company that for more than a decade has developed and provided state-of-the-art technologies for gas and liquid purification using ceramic silicon carbide filters, particularly, highly specialized filters for the control of soot exhaust particles from diesel engines and for liquid filtration. It also manufactures kiln furniture.
Last Trade: 3.4052 Week: 3.50 – 3.11Market Cap: 73.44 Million
Pyramid Oil Company Reports Third Quarter and Nine-Month Financial Results
Pyramid Oil Company (NYSE Amex: PDO) today announced financial results for its year-to-date and third quarter periods ended September 30, 2011.
For the third quarter, revenue from oil and gas sales increased 29% to $1.4 million from $1.1 million in the same quarter last year. Average crude oil prices during the quarter increased $31.80 per average BOE to $105.06 from $73.26 per average BOE in the 2010 third quarter. Total revenue was $1.4 million, flat versus revenue of $1.4 million in last year's third quarter, which included the previously mentioned $321,000 gain on the sale of fixed assets.
Nine-month Total revenue increased 18% to $4.3 million from $3.7 million in last year's nine-month period. Total revenue in the 2010 nine-month period included a $321,000 gain on the third quarter sale of a portion of the Company's interest in a Texas natural gas joint venture.
Nine-month operating income improved to $726,000 compared with $145,000 during the 2010 nine-month period. Net income increased 175% to $751,000, or $0.16 per share, from net income of $273,000, or $0.06 per share, during the same period last year. Pyramid reported cash flow from operations of $2.0 million, up 38% from $1.4 million during the first nine months of fiscal 2010.
Third quarter operating loss, which included a $673,000 non-cash valuation allowance associated with Pyramid's Pike 1-H horizontal joint venture well, was $162,000 versus operating income of $499,000 in last year's third quarter. Pyramid and joint venture partner Victory Oil Company continued efforts to address production challenges associated with the Pike 1-H. However, the well has not responded favorably to a range of stimulation efforts. Third quarter net income was $4,000, or $0.00 per share, versus net income of $394,000, or $0.08 per share, in the year-ago third quarter.
About Pyramid Oil Company
Pyramid Oil Company has been in the oil and gas business continuously since incorporating in 1909. Pyramid acquires interests in land and producing properties through acquisition and lease, and then drills and/or operates crude or natural gas wells in an effort to discover or produce oil and/or natural gas.
Last Trade: 3.97 52 Week: 9.40 – 3.29Market Cap: 18.59 Million