AGORACOM Small Cap TV - November 17th - Highlights
posted on
Nov 17, 2011 09:46AM
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 17th, 2011, and we’ve found 2 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.
Romios Announces Additional Drill Results Continues to Encounter Significant Mineralization on Its Dirk Property in British Columbia
Romios Gold Resources Inc. (TSX VENTURE:RG)(OTCBB:RMIOF)(FRANKFURT:D4R)
is pleased to announce the results from the analyses of the remainder of the drill core samples from the diamond drill program carried out during the month of August, 2011 on Romios' wholly-owned Dirk Property in the vicinity of Galore Creek in northwestern British Columbia.
The first tranche of assays from hole DRK11-01 were announced in a Press Release issued on October 19, 2011 and included a section of 63.35 metres (207.84 feet) grading 0.29% Cu, 0.25 g/t Au and 2.93 g/t Ag starting from 14.65 metres below surface.
Hole DRK11-02 encountered prolific sulphide mineralization from surface to 182 metres down the hole, which included an interval, starting at 3.60 metres below surface, of 68.4 m (224.41 feet) grading 0.15% Cu, 0.22 g/t gold and 1.53 g/t Ag. The upper portion of this interval from 3.60 to 8.20 metres (4.62 metres or 15.16 feet) assayed 0.91% Cu, 1.66 g/t Au and 6.20 g/t Ag. A much longer interval from 3.60 to 133.80 metres (130.20 metres or 427.16 feet) averaged 0.10% Cu, 0.16 g/t Au and 1.33 g/t Ag, which illustrates the pervasive nature of the copper-gold-silver mineralization within the porphyry.
Hole DRK11-03, drilled to a length of 159 metres, encountered a zone of sulphide mineralization starting from 3.0 metres (essentially the collar of the hole) to 27.76 metres down the hole. This 24.76 metres (81.23 feet) section assayed 0.19 % Cu, 0.24 g/t Au, and 1.34 g/t Ag.
About Romios Gold Resources Inc.
Romios Gold Resources Inc., a progressive Canadian mineral exploration company established in 1995, is headquartered in Toronto and is actively engaged in precious and base metal exploration across North America with a primary focus on gold, silver and copper. Romios has significant property interests in British Columbia, Ontario, Quebec and Nevada. The Company is undertaking extensive exploration work on its Galore Creek area properties in British Columbia, which are centrally located between Galore Creek Mining Corporation's large copper-gold-silver deposit and Barrick's high grade gold mine at Eskay Creek.
Last: 0.26Range: 0.68-0.145Market Cap: 39.8 million
ACL Semiconductors Inc. Net Income Increases $2.0 million in Third Quarter 2011
ACL Semiconductors Inc. (OTC Bulletin Board: ACLO), a leading China-based distributor of Samsung memory components in Hong Kong and Southern China, reported unaudited financial results for the quarter ended September 30, 2011.
For the quarter ended September 30, 2011, ACL Semiconductors reported net revenue of $74.0 million, as compared to revenue of $102.3 million for the same period last year.
Net income for the quarter ended September 30, 2011 was $1.9 million compared to net loss of $76,736 in the same period last year. This represents a net income increase of $1,994,975 year-over-year.
Gross profit for the third quarter 2011 was $3.7 million, up 291.5% from $950,633 for the third quarter 2010, primarily due to lower margins. Gross margin for the third quarter of 2011 was 5.0%, up from 0.9% for the third quarter 2010. The increase in gross profit and gross margins is mainly due to the decrease in cost of sales in the third quarter 2011.
About ACL Semiconductors Inc.
ACL Semiconductors distributes electronic components under the "Samsung" brand name to the Hong Kong and South China markets. The memory chips are used in everything from mobile phones, digital cameras and laptop computers to MP3 players and Wi-Fi products. For more information about ACL Semiconductors, please visit ACL Semiconductors' corporate website at http://www.acl-semicon.com .
Last Trade: 0.212 52 Week: 0.60 – 0.07 Market Cap: 6.13 Million