AGORACOM Small Cap TV - March 12th - Highlights
posted on
Mar 12, 2012 10:01AM
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 12th , 2012, 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.
Arian Silver Increases Contained Silver at San Jose by 32% to More Than 117 Million Ounces in Updated Mineral Resource Estimate
Arian Silver Corporation (TSX VENTURE:AGQ)(AIM:AGQ)(PLUS:AGQ)(FRANKFURT:I3A),
a silver exploration, development and production company with a focus on projects in the silver belt of Mexico, today announced the results of its updated Canadian National Instrument (NI) 43-101 mineral resource estimate for its 100%-owned San Jose Property ("San Jose"), located in Zacatecas State, Mexico.
Highlights:
--29% increase in resource tonnage along the San Jose Vein ("SJV") from
the July 2011 mineral resource estimate;
--Contained ounces of silver are up 32%;
--Contained pounds of lead are up 29%; and
--Contained pounds of zinc are up 30%;
--Mineralisation remains open along the western and eastern strikes of the
SJV and to depth; and
--Further drilling is planned to infill the current resources, step out
along the remaining SJV structure in both directions, and to drill at
depth on the SJV.
About the Company
Arian is a silver exploration, development and production company and is listed on London's AIM; trades on London's "PLUS" market; is listed on Toronto's TSX Venture Exchange and on the Frankfurt Stock Exchange. Arian is active in Mexico, the world's largest silver producing country. The Company's main project is the San Jose project in Zacatecas State. Part of Arian's forward-looking strategy lies in the envisaged use of large scale mechanized mining techniques over wider mineralized structures, which reduces the overall unit operating cost of metals, and to build up NI 43-101 compliant resources.
Last: 0.44Range: 0.70-0.23Market Cap: 134 million
Tigray Intersects 20.7 Metres at 4.97% Copper, 1.1 g/t Gold, 31 g/t Silver and 8.24% Zinc at Mayshehagne, 3.3 Kilometres South of Terakimti at the Harvest Project
Tigray Resources Inc. (TSX VENTURE:TIG)
is pleased to report diamond drill results for five holes at Mayshehagne (may-SHAY-aw-nee), a copper-gold volcanogenic massive sulfide (VMS) prospect on the Company's 70%-owned Harvest project in northern Ethiopia. Results from the first five holes totaling 823 metres are documented below. An additional five holes totaling 623 metres have also been completed and results are pending.
Highlights
--High-grade base and precious metals drill intercepts near surface;
--Successful exploration of a blind geophysical target at Mayshehagne
increases the prospectivity of other regional geophysical anomalies; and
--Results confirm the presence of a new VMS trend (Mayshehagne) 3.3
kilometres south of Terakimti with several airborne electromagnetic (EM)
anomalies along strike.
About Tigray
Tigray is a Canadian mineral exploration company focused on adv ancing early-stage mineral projects in Ethiopia. Tigray's key property is the 70%-owned Harvest polymetallic VMS exploration project, which covers 362 square kilometres in the Tigray region of Ethiopia, 600 kilometres north-northwest of the capital city of Addis Ababa. The Company recently entered into an agreement to acquire the Harvest North properties, which cover 795 square kilometres immediately adjacent north and west of the Harvest project. Tigray's shares trade on the TSX Venture Exchange under the symbol TIG.
Last: 0.72Range: 1.95-0.61Market Cap: 32 million
Crocodile Gold's Iron Blow Massive Sulphide Deposit Returns Significant Assay Results: 2.7 g/t Gold and 89 g/t Silver (Au Eq 4.3 g/t) Over 142 Meters
Crocodile Gold Corp. (TSX:CRK)(OTCQX:CROCF)(FRANKFURT:XGC)
is pleased to provide the following assay results from its Iron Blow base metal/precious metal project in Northern Australia. Highlights include:
--2.72 g/t Au and 88.95 g/t Ag, (Au eq 4.3 g/t) over 142.05 meters in hole
IBDH007, including 5.9 g/t Au; 481.6 g/t Ag (Au eq 14.7 g/t); 0.61% Cu
and 17% combined Pb/Zn over 20.3 metres and 24.0 g/t Au over 3.0m
--6.6 g/t Au, 306.6 g/t Ag, (Au eq 12 g/t), 0.34% Cu, and 11.4 % Pb/Zn
over 4.05m in hole IBDH021
About Crocodile Gold
Crocodile Gold is a Canadian company with operating gold mines in the Northern Territory of Australia with a land package of over 3,300 km2. Crocodile Gold is currently mining a number of open pits in the Howley Corridor. The Company is also developing the Cosmo underground mine. Ore is processed at the Union Reefs Mill with a capacity of 2.4 million tonne per year.
Last: 0.52Range: 0.97-0.315Market Cap: 161 million
Uranium Energy Corp Reports Fiscal 2012 Q2 Production Results and Provides Operations Update
Uranium Energy Corp (NYSE AMEX: UEC, the "Company") is pleased to report financial and production results for the second quarter ended January 31, 2012. Major second quarter highlights include the following:
Uranium Sales for the Quarter: UEC recorded revenue of $3.1 million resulting from the sale of 60,000 pounds of U3O8 at a sales price of $52 per pound with an average cash cost(1) of $17 per pound sold;
Financials
During the three months ended January 31, 2012 (2012 Q2), the Company recorded revenue of $3.1 million resulting from the sale of 60,000 pounds of U3O8 at an average sales price of $52 per pound. During the six months ended January 31, 2012, the Company recorded revenue of $6.2 million resulting from the sale of 120,000 pounds of U3O8 at an average sales price of $52 per pound.
During 2012 Q2, the Company recorded a net loss of $6.5 million or $0.09 per share (three months ended January 31, 2011 (2011 Q2): $6.6 million or $0.10 per share). During the six month ended January 31, 2012, the Company recorded a net loss of $12.1 million or $0.16 per share (six months ended January 31, 2011: $15.5 million or $0.24 per share).
The Company's balance sheet remains strong: As of January 31, 2012, the Company had $16.9 million of cash in the treasury and 116,000 lbs. of U3O8 available for sale in inventory with a market value of $6.0 million. The Company is a debt-free, 100%-unhedged producer.
Palangana Mine - Production Update
During the six months ended January 31, 2012, the Palangana Mine produced 105,000 pounds of U3O8 and the Hobson facility processed 112,000 pounds of U3O8, at an average cash cost(1) of $19 per pound. During the three months ended January 31, 2012, the Palangana Mine produced 38,000 pounds of U3O8 and the Hobson facility processed 42,000 pounds of U3O8, at an average cash cost(1) of $27 per pound.
Uranium Energy Corp is a U.S.-based uranium production, development and exploration company operating North America's newest emerging uranium mine. The Company's fully licensed and permitted Hobson processing facility is central to all of its projects in South Texas, including the Palangana in-situ recovery project, which is ramping up initial production, and the Goliad in-situ recovery project which has been granted its Mine Permit and is in the initial stages of mine construction.
Last Trade: 3.77 52 Week: 4.56 – 2.20 Market Cap: 284.92 Million
China Global Media, Inc. Announces US $2.5 Million Television Advertisement Agreement
China Global Media, Inc.'s (OTCBB: CGLO) affiliated operating company Changsha Zhongte Trade Advertising Co., Ltd has signed an advertisement agreement with Jiangxi Hezhong Guanghua International Media and Advertising Co., Ltd ("Hezhong Guanghua"). Under this agreement, Zhongte will place advertisements for Bidewen electric bikes and scooters, one of the products represented by Hezhong Guanghua, on Hunan Satellite Television Channel. The term of the agreement is One Year. The total advertisement fee under this agreement is approximately US $2.5 Million.
About China Global Media, Inc.
China Global Media, Inc. (OTCBB: CGLO) mainly engages in the business of advertisement and brand name development in China, especially in Hunan Province and other southern Chinese provinces. It carries out business operations through its Hong Kong subsidiary Phoenix International (China) Limited, its Chinese subsidiary Hunan Beiwei International Media Consulting Co., Ltd, and, by contractual arrangement, its three affiliated operating entities including Changsha North Latitude 30 Cultural Communications Co., Ltd., Changsha Beichen Cultural Communications Co., Ltd. and Changsha Zhongte Trade Advertising Co., Ltd.
Last Trade: 0.71 52 Week: 2.05 – 0.52 Market Cap: 33.71 Million
irMedia Group Inc. ("AirMedia" or the "Company") (Nasdaq: AMCN - News), a leading operator of out-of-home advertising platforms in China targeting mid-to-high-end consumers, today announced its unaudited financial results for the fourth quarter ended December 31, 2011.
Fourth Quarter 2011 Financial and Business Highlights
Total revenues increased by 24.1% year-over-year and by 25.3% quarter-over-quarter to US$87.8 million, beating the high end of the Company's already raised guidance by US$1.8 million.
Revenues from the gas station media network increased by 281.5% year-over-year and by 58.5% quarter-over-quarter to US$5.9 million.
Net income attributable to AirMedia's shareholders was US$4.6 million. Basic and diluted net income attributable to AirMedia's shareholders per American Depositary Share ("ADS") were both US$0.07.
Adjusted net income attributable to AirMedia's shareholders (non-GAAP), which is net income attributable to AirMedia's shareholders excluding share-based compensation expenses, amortization of acquired intangible assets, impairment of goodwill and impairment of intangible assets, was US$7.2 million. Adjusted basic and diluted net income attributable to AirMedia's shareholders per ADS (non-GAAP) were both US$0.11.
Fiscal Year 2011 Financial Highlights
Total revenues increased by 17.5% year-over-year to US$277.8 million.
Net loss attributable to AirMedia's shareholders was US$9.6 million. Basic and diluted net loss attributable to AirMedia's shareholders per ADS were both US$0.15.
Adjusted net income attributable to AirMedia's shareholders (non-GAAP), which is net income attributable to AirMedia's shareholders excluding share-based compensation expenses, amortization of acquired intangible assets, impairment of goodwill and impairment of intangible assets, was US$468,000. Adjusted basic and diluted income attributable to AirMedia's shareholders per ADS (non-GAAP) were both US$0.01.
About AirMedia Group Inc.
AirMedia Group Inc. (Nasdaq: AMCN - News) is a leading operator of out-of-home advertising platforms in China targeting mid-to-high-end consumers. AirMedia operates the largest digital media network in China dedicated to air travel advertising. AirMedia operates digital frames in 34 major airports and digital TV screens in 36 major airports, including most of the 30 largest airports in China. In addition, AirMedia sells advertisements on the routes operated by nine airlines, including the four largest airlines in China.
Last Trade: 2.75 52 Week: 5.64 – 2.10 Market Cap: 181.37 Million
Brekford Corp Reports Full-Year Revenue Increase Up 44%; Full-Year, Fully Diluted EPS Up 300%
Brekford Corp. (OTCBB:BFDI) (OTCQB:BFDI), a technology service provider of fully integrated vehicle upfitting services, rugged information technology and automated traffic photo enforcement solutions, today announced financial results for the fourth quarter and full year ended December 31, 2011.
4th Quarter and Full Year 2011 Highlights |
||||||
FY2011 |
FY2010 |
Q4-2011 |
Q4 2010 |
Q3 2011 |
||
Revenue |
$16.7M |
$11.6M |
$5.3M |
$2.1M |
$3.9M |
|
Gross Profit [Margin] |
$4.3M |
$1.9M |
$1.2M |
$0.5M |
$1.3M |
|
Salaries and Related Expenses |
$1.3M |
$0.9M |
$0.4M |
$0.3M |
$0.3M |
|
SG&A Expenses |
$1.7M |
$0.8M |
$0.5M |
$0.2M |
$0.4M |
|
Income from operations |
$1.3M |
$0.1M |
$0.3M |
$(0.03)M |
$0.5M |
|
Net income |
$1.2M |
$0.007M |
$0.3M |
$(0.06)M |
$0.4M |
|
Net income per share (basic) |
$0.03 |
$0.00 |
$0.01 |
$(0.02) |
$0.01 |
|
Net income per share (diluted) |
$0.03 |
$0.00 |
$0.01 |
$(0.02) |
$0.01 |
At December 31, 2011, the Company had total current assets of $6.1 million and current liabilities of $3.3 million resulting in a working capital surplus of $2.8 million. At December 31, 2010, we had total current assets of $3.5 million and current liabilities of $1.1 million, resulting in a working capital surplus of $2.4 million.
For over a decade, Brekford has been providing services to the U.S. military, various federal entities and numerous security and public safety agencies throughout the United States with an end-to-end suite of mobile computer and video technology, vehicle upfitting services, and automated traffic safety solutions. Brekford is a one-stop shop with its unique 360-degree approach to vehicle upfitting services, cutting edge mobile and video technology, and automated traffic enforcement services for homeland security and law enforcement agencies.
Last Trade: 0.60 52 Week: 0.71 – 0.10 Market Cap: 24.39 Million
Antares Pharma Reports Fourth Quarter and Full Year 2011 Financial and Operating Results
Antares Pharma, Inc. (NYSE Amex: AIS) today reported financial and operating results for the fourth quarter and full year ended December 31, 2011 and outlined key objectives and milestones for 2012.
Recent Highlights
Achieved record fourth quarter revenues of $5.4 million, an increase of 65% compared to $3.3 million recorded during the same period one year ago. Total 2011 revenue increased by 28% to $16.5 million, compared to $12.8 million in 2010.
Ended the year with $34.4 million in cash and investments and no debt.
Total gross profit increased in the fourth quarter of 2011 to $3.3 million compared to $2.4 million in 2010, and increased for the year to $9.7 million in 2011 compared to $8.5 million in 2010.
Net loss was approximately $0.2 million and $1.3 million for the fourth quarters of 2011 and 2010, respectively, and $4.4 million and $6.1 million for the years ended December 31, 2011 and 2010.
Antares Pharma focuses on self-injection pharmaceutical products and topical gel-based medicines. The Company's subcutaneous and intramuscular injection technology platforms include Vibex™ disposable pressure-assisted auto injectors, disposable multi-use pen injectors and Vision™ reusable needle-free injectors marketed as Tjet® and Zomajet® by Teva Pharmaceutical Industries, Ltd (Teva) and Ferring Pharmaceuticals (Ferring), respectively.
Last Trade: 2.94 52 Week: 3.00 – 1.51 Market Cap: 304.33 Million