AGORACOM Small Cap TV - March 29th - Highlights
posted on
Mar 29, 2012 09:01AM
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 29th, 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 ... or click on the image below.
Champion Minerals Announces Resource Estimate of High-Grade Specular Hematite/Magnetite-Rich Iron Zones at Moire Lake Project
Indicated Resources-164 Million Tonnes Grading 30.5% Total Iron Inferred Resources-417 Million Tonnes Grading 29.4% Total Iron
CHAMPION MINERALS INC. (TSX:CHM)(FRANKFURT:P02)
is pleased to announce results of a Mineral Resource Estimate completed on its Moire Lake Project ("Moire Lake" or "the Property") located in Cluster 1 of Champion's Fermont Iron Holdings in north-eastern Quebec. The Property is situated immediately east of ArcelorMittal's Mont Wright Mine, and is 8 kilometres south of existing railway and other infrastructure.
Table 1 - Mineral Resource Estimate |
||
High Grade Zones @ 15% cut-off |
Tonnes '000s |
FeT%* |
Indicated Resources |
164,000 |
30.53 |
Inferred Resources |
417,127 |
29.35 |
|
|
|
Low Grade Zones @ 10% cut-off |
|
|
Indicated Resources |
20,889 |
18.42 |
Inferred Resources |
119,711 |
17.68 |
*Total Iron |
About Champion Minerals Inc.
Champion Minerals is an iron ore exploration and development company with offices in Montreal and Toronto, and is focused on developing its significant iron ore resources in the provinces of Quebec and Newfoundland & Labrador. The Company's projects include: the Fermont Holdings in Quebec, jointly held by Champion (82.5% interest) and Fancamp Exploration Ltd. (17.5% interest); and a 49% interest in the Attikamagen Iron Property in Quebec and Labrador. Champion's Fermont Holdings, including the flagship Fire Lake North Project, are located in Canada's major iron ore producing district, in close proximity to three producing mines. Champion's team and advisory board includes mining and exploration professionals with the mine operations experience to build and commission the Fire Lake North Project and bring it into production.
Last: 1.52Range: 2.48-0.72Market Cap: 157 million
BOWMORE Intersects 68 Metres Grading 0.74 g/t Gold at Standard Gold Property
BOWMORE Exploration Ltd. (TSX VENTURE:BOW) (FRANKFURT:0B5) ("Bowmore")
is pleased to announce results from the Phase One diamond drill program on its Standard Gold and Duverny properties, both located in the Abitibi region of Quebec. The objectives of this program were to confirm some of the historical gold intersections in proximity to the Standard Gold deposit, and test the host diorite dyke for possible extensions to gold mineralization along sections spaced several hundred metres apart. The dyke, defined from previous drilling and by its aeromagnetic signature, is 4.8 km long and 150 to 250 metres wide. It occurs on both properties and hosts the Standard Gold deposit. Both properties host a kilometric, intense carbonate (ankerite) alteration zone that is the regional exploration target.
The ten hole drill program covered a strike length of about 3600 meters around the Standard Gold deposit. Highlights are summarized in the following table:
----------------------------------------------------------------------------
Hole No.From (m)To (m)Length (m)Au g/t
SG11-0110.078.068.00.74
About the company
BOWMORE is a Canadian exploration mining company focused on precious metal exploration in Canada and Mexico.
Last: 0.36Range: 0.68-0.335Market Cap: 17.7 million
Balmoral Intersects 11.42 g/t Gold Over 9.30 Metres at ME-16 Target; Confirms Additional High Grade Gold Discovery at Martiniere
Balmoral Resources Ltd. (TSX VENTURE:BAR)(OTCQX:BALMF)
today reported drill results from the first four holes of its winter 2012 drill program on its Detour Gold Trend Project in Central Quebec. Follow-up testing of the ME-16 discovery, announced December 5, 2011 (NR11-31), returned an intercept of 9.30 metres grading 11.42 g/t gold from drill hole MDE-12-20. This compares favourably with discovery hole MDE-11-16 which returned 9.33 metres grading 12.93 g/t gold. The reported intercept from hole MDE-12-20 includes a bonanza grade section which returned 41.22 g/t gold over a 2.50 metre interval.
About Balmoral Resources Ltd. - www.balmoralresources.com
Balmoral is a Vancouver-based precious metal exploration and development company focused on district scale gold opportunities in North America. With a philosophy of creating value through the drill bit and with a focus on proven productive precious metal belts, Balmoral is following an established formula with a goal of maximizing shareholder value through discovery.
Last: 0.71Range: 1.88-0.50Market Cap: 51.2 million
GWR Global Water Resources Corp. (the "Company") (TSX: GWR)
today reported its financial results for the fourth quarter and the year ended December 31, 2011. This is the second year-end period for the Company since its initial public offering ("IPO") of common shares on December 30, 2010 and its related acquisition of an approximate 48.1% interest in Global Water Resources, Inc. ("Global Water", "we", "us" and "our").
Global Water 2011 Highlights:
About the company
Global Water is a leading water resource management and technology company based in Phoenix, Arizona that owns and operates water, wastewater and recycled water utilities, and provides data and water management services through its unique, award winning platform, FATHOM™ Utility-to-Utility (U2U™) Solutions. The Company accounts for its investment in Global Water using the equity method of accounting; therefore the financial information of Global Water is not consolidated with that of the Company. All references in this press release to consolidated financial information refer to Global Water on a consolidated basis and, unless otherwise indicated, all amounts are in US dollars.
Last: 3.69Range: 7.60-2.71Market Cap: 32 million
Global Axcess Corp Reports Fourth Quarter 2011 Results
Global Axcess Corp (OTC Bulletin Board: GAXC; the "Company"), an independent provider of self-service kiosk solutions, today announced financial results for the quarter ended December 31, 2011. The Company also provided an outlook for the first quarter of 2012 and full year 2012.
Balance Sheet and Cash Flows
The Company ended the full year of 2011 with $975,000 in cash compared to approximately $1.7 million as of December 31, 2010.
About Global Axcess Corp
Headquartered in Jacksonville, Florida, Global Axcess Corp was founded in 2001 with a mission to emerge as the leading independent provider of self-service kiosk services in the United States. The Company provides turnkey ATM and other self-service kiosk management solutions that include cash and inventory management, project and account management services. Global Axcess Corp currently owns, manages or operates more than 5,300 ATMs and DVD kiosks in its national network spanning 43 states.
Last Trade: 0.585 52 Week: 0.765 - 0.30 Market Cap: 13.28 Million
DecisionPoint Systems Reports Fourth Quarter 2011 Results
DecisionPoint Systems, Inc. (OTCBB: DPSI), a leading provider and integrator of Enterprise Mobility, Wireless Applications and RFID solutions, today reported financial results for the fourth quarter and full year ended December 31, 2011.
Highlights of Fourth Quarter Ended December 31, 2011:
Revenue in the fourth quarter of 2011 was $15.9 million, compared to $15.5 million in the same period a year ago and $16.4 million in the third quarter ended September 30, 2011. Revenue increased 3.8% year-over-year due to the contribution of CMAC, which was acquired on December 31, 2010.
Net income before dividends was approximately $65,000 in the fourth quarter of 2011 compared to a net loss of approximately $(25,000) in the fourth quarter of 2010 and net income of approximately $268,000 in the third quarter of 2011.
EBITDA (Earnings before Interest, Taxes, Depreciation and Amortization) in the fourth quarter of 2011 was approximately $488,000 compared to $1.3 million in the same period a year ago and $442,000 in the third quarter of 2011.
Revenue for the full year ended December 31, 2011 was $58.4 million, compared to $56.2 million in the year ago period. Gross profit was $12.0 million for the twelve months ended December 31, 2011, compared to $10.9 million for the twelve months ended December 31, 2010. Gross margin was 20.5%, compared to 19.3% in the same period a year ago. Selling, general and administrative expenses were $13.6 million for the twelve months ended December 31, 2011, compared to $9.6 million for the twelve months ended December 31, 2010.
About DecisionPoint Systems, Inc.
DecisionPoint Systems, Inc. (OTCBB: DPSI) delivers improved productivity and operational advantages to its clients by helping them move their business decision points closer to their customers. They do this by making enterprise software applications accessible to the front-line worker anytime, anywhere. DecisionPoint utilizes all the latest wireless, mobility, and RFID technologies.
Last Trade: 1.55 52 Week: 3.25 - 0.50 Market Cap: 12.68 Million
Vertex Energy, Inc. (OTCBB:VTNR), an environmental services company that recycles industrial waste streams and off-specification commercial chemical products, today announced its financial results for the fourth quarter and full year ended December 31, 2011.
Financial highlights for the year include:
Financial highlights for the unaudited fourth quarter include:
ABOUT VERTEX ENERGY, INC.
Vertex Energy, Inc. (OTCBB:VTNR), is a leading environmental services company that recycles industrial waste streams and off-specification commercial chemical products. Its primary focus is recycling used motor oil and other petroleum by-product streams. Vertex Energy purchases these streams from an established network of local and regional collectors and generators. The company also manages the transport, storage and delivery of the aggregated feedstock and product streams to end users, and manages the re-refining of a portion of its aggregated petroleum streams in order to sell them as higher-value end products.
Last Trade: 2.00 52 Week: 4.00 - 0.711 Market Cap: 18.78 Million
DynaResource Files National Instrument 43-101 Technical Report for San Jose de Gracia
DynaResource, Inc. (OTCBB: DYNR) ("DynaUSA", or "the Company"), a Resource Investment and Management Company based in Irving, Texas, with a current focus on the San Jose de Gracia Project ("SJG") in Sinaloa, Mexico, targeting growth in the defining and production of gold and silver resources, is pleased to announce that it has filed with SEDAR a National Instrument 43-101 ("NI 43-101") compliant Technical Report for the San Jose de Gracia Project (the "2012 DynaMexico Luna-CAM SJG Technical Report", the "Technical Report"), as received from and approved by DynaResource de Mexico, SA de CV. ("DynaMexico"), the 100% owner of SJG.
The 2012 DynaMexico Luna-CAM SJG Technical Report was prepared by Mr. Ramon Luna Espinoza, BS, P.Geo., of Servicios y Proyectos Mineros, Hermosillo, Mexico, and a Qualified Person as defined under NI 43-101.
The Resource Estimate includes Indicated Resources at: (1) Tres Amigos of 893,000 tonnes with an average grade of 4.46 g/t, totaling 128,000 Oz. Au; and (2) San Pablo of 1,308,000 tonnes with an average grade of 6.52 g/t, totaling 274,000 Oz. Au. The Resource Estimate also includes an Inferred Resource of 3,953,000 tonnes in aggregate for the four main vein systems, with an average grade of 5.83 g/t, totaling 741,000 Oz. Au. The Effective Date of the 2012 DynaMexico Luna-CAM SJG Technical Report and including the 2012 DynaMexico-CAM SJG 43-101 Mineral Resource Estimate is February 6, 2012. The Resource Estimate is reported using a 2.0 g/t cut off grade for underground mining.
About DynaUSA - DynaMexico / Operating Entity - Mineras de DynaResource
DynaUSA (the "Company") is a Resource Investment and Management Company based in Irving, Texas, with a current focus on the SJG Project in Mexico, targeting growth in the defining and production of gold and silver resources. The Company formed DynaMexico in March 2000 specifically for the purpose of acquiring and consolidating the SJG District; and it completed the consolidation of the entire SJG District (approx. 15 sq. km. at that time) in 2003. During the period 2003-2006, DynaMexico conducted Pilot Production operations at the San Pablo area of SJG, reporting production results of: 18,250 Oz. Gold produced
Last Trade: 4.20 52 Week: 4.80 - 3.26 Market Cap: 43.66 Million
Brigus Gold Reports 2011 Financial Results
Brigus Gold Corp. (“Brigus” or the “Company”)(NYSE Amex: BRD; TSX: BRD) announces results for the fourth quarter (“Q4-11”) and year ended December 31, 2011.
2011 and Fourth Quarter Financial Highlights
About Brigus Gold
Brigus is a growing gold producer committed to maximizing shareholder value through a strategy of efficient production, targeted exploration and select acquisitions. The Company operates the wholly owned Black Fox Mine and Mill in the Timmins Gold District of Ontario, Canada. The Black Fox Complex encompasses the Black Fox Mine and adjoining properties in the Township of Black River-Matheson, Ontario, Canada. Brigus is also advancing the Goldfields Project located near Uranium City, Saskatchewan, Canada, which hosts the Box and Athona gold deposits.
Last Trade: -0/741 52 Week: 1.99 - 0.7204 Market Cap: 161.03 Million
Deer Consumer Products, Inc. (Nasdaq: DEER - News) (website: http://www.deerinc.com/), a leading provider of "DEER" branded household consumer products to Chinese consumers and a leading vertically integrated manufacturer of small household and kitchen appliances for global customers, announces today record financial results for the year ended December 31, 2011.
Highlights:
AFFIRMS 2012 FINANCIAL GUIDANCE
In 2012, Deer anticipates revenues from the high margin China domestic sales will continue to surpass export sales. Deer provides 2012 revenue guidance of between $270 and $290 million, net income guidance of between $45 million and $47 million, and targets EPS (Earnings per Share) between $1.37 and $1.42.
About:
Deer Consumer Products, Inc. is a NASDAQ Global Select Market listed U.S. company with its primary operations in China. Deer has a 17-year operating business as well as a strong balance sheet. Operated by Deer's founders and supported by more than 100 patents, trademarks, copyrights and approximately 1,000 staff, Deer is a leading provider of "DEER" branded consumer products to Chinese consumers and a leading vertically integrated manufacturer of small home and kitchen appliances for global customers. DEER's product lines include a series of small household and kitchen appliances as well as personal care products designed to make modern lifestyles easier and healthier.