AGORACOM Small Cap TV - March 13th - Highlights
posted on
Mar 13, 2012 08:30AM
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 March 13th , 2012, and we’ve found 4 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.
European Uranium Files Technical Report for Kuriskova Preliminary Feasibility Study
European Uranium Resources Ltd. (EUU: TSX-V; TGPN: Frankfurt)
has today filed a National Instrument 43-101 compliant technical report regarding the Preliminary Feasibility Study (“PFS”) for the Kuriskova Project, Eastern Slovakia as announced by press release on January 30, 2012. The technical report was completed by Tetra Tech, Inc. of Golden, Colorado.
The highlights of the results of the PFS as announced on January 30, 2012 are:
About European Uranium Resources Ltd.
European Uranium Resources Ltd. (formerly Tournigan Energy Ltd.) is a dedicated European uranium exploration and development company that has built a portfolio of outstanding projects in Slovakia, Sweden and Finland at all stages of the exploration / development pipeline. European Uranium is well placed to become the key uranium exploration and development company in Europe. Europe is the world’s largest per capita consumer of uranium with 160 reactors and more under construction or planned, but with only one currently operating uranium mine. The Company’s Kuriskova Project in Slovakia could be one of the world’s lowest cost uranium producers. European Uranium has a strong base of supportive shareholders including AREVA, ranked first in the global nuclear power industry and a key player in uranium mining and nuclear operations on a world-wide basis.
Last: 0.375Range: 1.25-0.325Market Cap: 19.6 million
Avion's Tabakoto Project, Mali Continues To Intersect High Grade Gold Zones
NEW INTERSECTIONS OF UP TO 23.77 g/t Au over 5.0 METRES and 38.55 g/t Au over 4.5 METRES
Avion Gold Corporation (TSX:AVR)(OTCQX:AVGCF)
is pleased to announce new drill results for the area just north of the Tabakoto Pit and for the Tabakoto South zone. The holes drilled to the north of the pit were designed to better define gold mineralization in known and new cross-structures and the holes drilled into the Tabakoto South zone were drilled to extend the zone down dip and along strike and to convert Inferred mineral resources to Measured and Indicated mineral resources. Intercept highlights include the following:
13.38 g/t Au over 4.4 metres
6.57 g/t Au over 6.9 metres
6.44 g/t Au over 8.8 metres
23.77 g/t Au over 5.0 metres
7.39 g/t Au over 5.0 metres
6.75 g/t Au over 9.5 metres
38.55 g/t Au over 4.5 metres
About Avion Gold Corporation
Avion is a Canadian-based gold mining company focused in West Africa that holds 80% of the Tabakoto and Ségala gold projects in Mali. Gold production commenced at these projects in 2009 with approximately 51,290 ounces produced. 2010 production was 87,630 ounces of gold. 2011 production was 91,200 ounces of gold. The current mineral reserve estimate (as of January 1, 2011) of 7.24 million tonnes grading 3.92 g/t Au totaling 913,100 ounces of gold (proven and probable), for the Tabakoto project property, demonstrates several sources of excellent grade open pit and good grade underground mineral resources thus providing significant flexibility for Avion's future mining plans.
Last: 1.52Range: 2.57-1.26Market Cap; 670 million
Majescor Reports 72 g/t Silver (2.3 oz/ton) Over 15 m in Supergene Oxide Zone and 0.43 % Cu and 17 g/t Ag Over 113 m in Sulphide Zone at Blondin Porphyry Copper-Gold Prospect, Northeast Haiti;...
Majescor Resources Inc.(TSX VENTURE:MJX)
is pleased to report assay results for the first drill hole (B-001) at the Blondin porphyry copper-gold prospect, on its SOMINE porphyry copper-gold and vein gold-silver project in Northeast Haiti. Blondin is the second porphyry target on the SOMINE project which also includes the Douvray porphyry copper-gold prospect (see Majescor press release dated February 6, 2012).
Hole B-001 is located approximately 2 000 m to the Northwest of the Douvray prospect and it was drilled at an angle of -90° to a depth of 287 m. Hole B-001 returned the following intercepts:
Oxide zone: |
72.4 g/t Ag and 0.05% Cu over 15.0 m (from 0 to 15.0 m); |
Sulphide zone: |
0.43% Cu, 0.02 g/t Au and 16.9 g/t Ag over 113 m (or0.65% Cu equivalent* over 113 m) (from 173.0 to 286.0 m) including: |
4.44% Cu and 6.2 g/t Ag over 1.5m (from 265.0 to 266.5 m); |
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and |
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0.44% Cu and 1.7 g/t Ag over 7.5 m (from 24 to 31.5 m); |
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0.27% Cu and 0.6 g/t Ag over 18.6 m (from 55.5 to 74.1 m) |
About Majescor Resources Inc.
Majescor Resources Inc. is a junior explorer focusing on emerging mineral districts. In addition to the SOMINE project, Majescor's project portfolio includes the Mistassini uranium exploration projects in Quebec (under Joint-Venture: 40 % Majescor and 60% Strateco Resources Inc.) the Besakoa gold and base metal property in Madagascar (50%-50% joint venture with Sunridge Gold Corp.).
Last: 0.205Range: 0.36-0.10Market Cap: 14.7 million
Stroud Intersects Wide Mineralized Zone at Santo Domingo 21.0 Metres of 56.923g/t Silver and 0.131g/t Gold Including 7.0 Metres of 93.77g/t Silver and 0.254g/t Gold
Stroud Resources Ltd. (TSX VENTURE:SDR)
is pleased to announce the latest results from its drill program at the Santo Domingo project in central Mexico. The three drill holes were drilled on section 5829 North, below DDH-42 (see December 1, 2011 press release) and above DDH-11. These holes trace the mineralization 175 metres down dip.
Drill hole DDH-43 was drilled at -40 degrees and intersected 21.0 metres of 56.923g/t silver and 0.131g/t gold, including 7.0 metres of 93.771g/t silver and 0.131g/t gold, as well as 13.0 metres of 38.846g/t silver and 0.358g/t gold.
About the company
Stroud is a debt-free exploration company focused on the discovery and exploration of silver and gold deposits in Mexico and Ontario. Stroud owns a 100% interest in the Santo Domingo epithermal silver-gold project in central Mexico. In addition to the Santo Domingo project, Stroud also owns a 100% interest in the Hislop gold property, near Timmins, Ontario and the Leckie gold property, near North Bay, Ontario. Stroud also generates cash flow from a 3.75% interest in six natural gas, and natural gas condensate wells in central Alberta.
Last: 0.075Range: 0.19-0.065Market Cap: 14.2 million
Satori Seeks to Recover Gold from Tailings; and 79.9 Ounces of Gold Recovered from Mill Clean-Up Activities
Satori Resources Inc. (TSX VENTURE:BUD)
announces that an independent report of preliminary results from a sampling program undertaken at the Tartan Lake Gold Mine tailings pond is expected shortly. The report will be instrumental in determining the next phase to confirm the total inferred volume and grade of tailings, most of which is believed to be above the waterline. Additionally, an initial 79.9 ounces of gold and 4.61 ounces of silver have been recovered from 2.46 tons of material collected from inside the Tartan Lake mill as part of an ongoing project clean-up program.
ABOUT SATORI RESOURCES INC.
Satori is a Toronto-based mineral exploration and development company whose primary property is the Tartan Lake Gold Mine Project (100% interest), located in the prolific Flin Flon Greenstone Belt, Manitoba.
Last: 0.065Range: 0.105-0.05Market Cap: 1.9 million
CHDT Corporation Reports 59% Growth in Revenue in Fourth Quarter of 2011; Full Year Revenue Nearly Doubles to Record $10.2 million
CHDT Corporation (OTCBB: CHDO) (“Company”), a leader in the design and manufacture of specialty power failure lights and innovator of consumer products, reported revenue of $2.1 million and net income of $27 thousand in the fourth quarter of 2011. For the year, the Company achieved record revenue and net income of $10.2 million and $576 thousand, respectively.
Revenue increased $782 thousand, or 59%, in the fourth quarter of 2011, compared with the prior-year period driven by the gain of additional retail store customers, new product introductions and rising consumer demand for the Company’s products.
Gross profit for the fourth quarter increased $104 thousand, or 24.7%, to $525 thousand from the prior-year period. Gross margin decreased to 25.0% in the fourth quarter of 2011 from 31.9% in the fourth quarter of 2010 primarily due to product, customer and distribution channel mix. The Company recently introduced a domestic distribution strategy which is expected to both drive sales and stronger margins.
Operating income increased sharply to $81 thousand, or 3.8% of revenue, from $33 thousand, or 2.5% of revenue, in the prior-year period reflecting the leverage potential of the organization and the Company's ongoing commitment to controlling expenses.
Net income for the fourth quarter improved measurably to $27 thousand from a net loss of $43 thousand in the 2010 fourth quarter.
Revenue in 2011 grew 93.8% to a record $10.2 million from $5.3 million in 2010. During 2011, CHDT expanded its product offerings with the addition of wireless motion sensor lights and several new Pathway booklight designs.
Gross profit increased 53.7% to $2.5 million in 2011, compared with 2010. Operating income was $871 thousand, or 8.5% of revenue, up from a loss of $479 thousand in 2010. Net income was $576 thousand in 2011 compared with the prior year’s net loss of $738 thousand.
Cash provided by operating activities during 2011 was $1.3 million. At December 31, 2011, stockholders’ equity was $1.6 million up from $942 thousand at December 31, 2010.
CHDT Corporation is a public holding Company that engages, through its wholly owned subsidiary, Capstone Industries, Inc., in the development, manufacturing, logistics, and distribution of innovative consumer products to retailers and wholesalers throughout North America and Latin America.
Last Trade: 0.017 52 Week: 0.018 – 0.006 Market Cap: 11.04 Million
Voyager Oil & Gas, Inc. Announces 2011 Results and Provides Financial and Operational Update
Voyager Oil & Gas, Inc. (AMEX:VOG) ("Voyager" or the "Company") today announced results for the twelve-months and three-months ended December 31, 2011.
Full-Year 2011 Financial Review
For the year ended December 31, 2011, Voyager had revenues of $8.43 million, an increase of $7.48 million, or 794%, from $0.94 million for the year ended December 31, 2010.
Adjusted EBITDA for the year ended December 31, 2011 was $5.00 million, an increase of $5.83 million when compared to ($0.83) million in negative adjusted EBITDA for the period ending December 31, 2010. Adjusted EBITDA for the three months ended December 31, 2011 was $1.93 million, an increase of $1.8 million over the three months ended December 31, 2010. Adjusted EBITDA is a non-GAAP financial measure. A reconciliation of adjusted EBITDA to net income (loss), its most comparable GAAP financial measure is found at the end of this release.
Voyager posted a net loss for the year ended December 31, 2011 of $1.35 million, or $0.02 per share, an improvement from the net loss for the year ended December 31, 2010 of $4.27 million, or $0.11 per share.
As of December 31, 2011, Voyager's cash balance was $13.93 million, an increase of $2.57 million, or 22.6%, compared to $11.36 million on December 31, 2010.
Fourth Quarter 2011 Financial Review
Revenue for the three months ended December 31, 2011 was $3.05 million, an increase of $2.56 million, or 520%, from revenue of $0.49 million for the quarter ended December 31, 2010.
Voyager Oil & Gas, Inc. combines low overhead, organic acreage acquisition and strong joint venture relationships to exploit its oil and gas prospects. Voyager Oil & Gas is an exploration and production company focused on acquiring acreage in prospective natural resource plays across the continental United States. The Company's primary business is focused on properties in North Dakota and Montana targeting the Bakken and Three Forks formations.
Last Trade: 3.36 52 Week: 5.45 – 1.57 Market Cap: 194.37 Million