AGORACOM Small Cap TV - December 8th - Highlights
posted on
Dec 08, 2010 09:06AM
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 December 8th 2010, 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.
LDK Solar Signs Multi-Year Wafer and Polysilicon Supply Contract With Lu'an Group
XINYU CITY, China and SUNNYVALE, Calif., Dec. 8, 2010 /PRNewswire/ -- LDK Solar Co., Ltd. ("LDK Solar") (NYSE:LDK - News), a leading manufacturer of multicrystalline solar wafers and PV products, today announced that the Company has entered into a multi-year wafer and polysilicon supply contract with Shanxi Lu'an Photovoltaic Technology Co., Ltd., a subsidiary of Lu'an Group, a leading Chinese energy enterprise. Under terms of the contract, LDK Solar will provide 120 megawatts (MW) of solar wafers commencing in January 2011 through December 2012 and 2,000 metric tons of polysilicon commencing in January 2011 through February 2013.
"We are pleased to expand our customer base to include a leading enterprise such as Lu'an Group," stated Xiaofeng Peng, Chairman and CEO of LDK Solar. "Partnering with one of the most influential enterprises in China extends our leadership position of being a premier manufacturer of solar products. Lu'an Group's multi-year commitment to LDK Solar underscores the continued demand for our wafers and polysilicon."
About LDK Solar (NYSE:LDK - News)
LDK Solar Co., Ltd. (NYSE:LDK - News) is a leading vertically integrated manufacturer of photovoltaic (PV) products and the world's largest producer of multicrystalline wafers. LDK Solar manufactures polysilicon, mono and multicrystalline ingots, wafers, modules and cells. The Company also engages in project development activities in selected segments of the PV market. Through its broad product offering, LDK Solar provides its customers with a full spectrum of PV solutions. LDK Solar's headquarters and manufacturing facilities are located in Hi-Tech Industrial Park, Xinyu City, Jiangxi Province in the People's Republic of China. LDK Solar's office in the United States is located in Sunnyvale, California. For more information about our company and products, please visit www.ldksolar.com
Last Trade: 10.8052 Week: 15.10 – 4.97Market Cap: 1.47 Billion
New Energy Systems Group Increases 2010 Adjusted EPS Guidance from $1.23 to $1.40
- 2010 revenue guidance increased from $88.0 million to $95.0 million - 2010 adjusted net income guidance increased from $15.6 million to $18.0 million
SHENZHEN, China, Dec. 8, 2010 /PRNewswire via COMTEX News Network/ --
New Energy Systems Group (NYSE Amex: NEWN) ("New Energy" or the "Company"), a vertically integrated original design manufacturer and distributor of lithium ion batteries and backup power systems, today raised its full year 2010 guidance as illustrated below:
Previous 2010 GuidanceRevised 2010 Guidance
-------------------------------------- --------------------------------------
Revenue$88.0 million$95.0 million
-------------------------------------- -------------------------------------- --------------------------------------
Adjusted Net Income (1)$15.6 million$18.0 million
-------------------------------------- -------------------------------------- --------------------------------------
Adjusted EPS (1)(2)$1.23$1.40
-------------------------------------- -------------------------------------- --------------------------------------
(1) Adjusted Net Income and Adjusted EPS exclude the effect of non-cash amortization and stock-based compensation.
(2) Assumes 12.9 million weighted average fully-diluted shares.
About New Energy Systems Group
New Energy Systems Group is a vertically integrated original design manufacturer and distributor of lithium ion batteries and backup power systems for mobile phones, laptops, digital cameras, MP3s and a variety of other portable electronics. The Company's end-user consumer products are sold under the Anytone(R) brand in China, and the Company has begun expanding its international sales efforts.
Last Trade: 7.2352 Week: 9.35 – 4.6001Market Cap: 89.4 Million
Seafield Reports 1.75 g/t Gold Over 94 Metres in Trench From Dosquebradas, Quinchia Gold Project, Colombia
Seafield Resources Ltd. (TSX VENTURE:SFF)
is continuing its exploration program on its 6,757 hectare Quinchia gold project in the Department of Risaralda, Colombia. Following completion of the drill program at the Miraflores gold-bearing breccia body, the diamond drill has now been moved about three kilometres to the northwest, to the Dosquebradas area to extend the gold mineralized porphyry discovered in 2006.
Trenching in one location at the southern end of the anomaly has exposed sheeted quartz veinlets crosscutting quartz diorite porphyry and basalt wall-rock and containing iron-rich weathering products after magnetite or sulfides. Continuous channel samples, each two metres in length, collected from the trench returned the following widths and gold grades:
Trench |
From (metres) |
To (metres) |
Length (metres) |
Grade |
DQN-01 |
0 |
94 |
94 |
1.75 |
including |
24 |
92 |
68 |
2.31 |
including |
42 |
64 |
22 |
3.83 |
including |
42 |
50 |
8 |
5.51 |
About the company
Seafield is a mineral exploration company focused on acquiring and advancing precious metals
projects in the Americas.
Last:0.54 Range: 0.77-0.12 Range: 51 million