Research – Prize Mining (PRZ) – Charting a Course for Kena Gold Property

Friday, June 28, 2019

Prize Mining (PRZ:CA)

Charting a Course for Kena Gold Property

Prize Mining Corp is a Canada based resource exploration company. It is primarily engaged in the business activity of acquiring and exploring resource properties in Canada. All the operations of the company are carried out in Canada. The organization is focused on Kena and Daylight Gold project which is located in the Nelson area of British Columbia, Canada. 

Mark Reichman, Senior Research Analyst, Noble Capital Markets, Inc.

Refer to full report for price target, fundamental analysis and rating. 

  • Prize commissions Kena Gold Project economic study. Prize announced the hiring of
    JDS Energy and Mining Ltd. to complete a scoping level engineering and economic study of
    its Kena Gold project that is expected to be completed in August 2019. As part of its
    strategic review process, management may use the study as a basis for an internal
    operating and economic model which could influence the path forward and enhance the
    project’s appeal.
  • Amended Kena option agreement enhances financial flexibility. Prize reached an agreement with Apex Resources, Inc. (TSX.V: APX) to extend the timing of…



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NOTE: investment decisions should not be based upon the content of
this research summary.  Proper due diligence is required before
making any investment decision.
 

IPO Podcast Series: Christie Hefner

IPO Podcast Series: Christie Hefner.

Much more than daddy’s little girl… In 1982 at the age 26, Christie became the president of the iconic company her father had started in 1953. This was no honorary title, the company was in serious trouble and it needed leadership. She proved to be the right person for the job. Listen to how she catapulted Playboy Enterprises from the brink of bankruptcy to become an international licensing and multi-media company. Full episode available July 18.

The most innovative Ideas, the inspirational People behind them, and the wealth of Opportunities they create… that’s IPO from Channelchek, hosted by Brant Pinvidic

watch the IPO series trailer

Research – Great Lakes Dredge (GLDD) – More Awards Announced; 2H3019 Backlog Expected

Tuesday, June 25, 2019

Great Lakes Dredge & Dock (GLDD)

More Awards Announced. Expect 2H2019 Backlog Rebound.

Great Lakes Dredge & Dock Corp is a provider of dredging services in the United States. The Company operates in two operating segments namely Dredging and Environmental, and Infrastructure.

Poe Fratt, Senior Research Analyst, Noble Capital Markets, Inc.

Refer to full report for price target, fundamental analysis and rating.

  • New contracts announced. 2Q2019 awards total at least $91 million and confidence in the 2019 outlook remains solid. Late yesterday, six projects with a total of $91 million were awarded. In addition to two awards for $41.5 million that we discussed last week, another $49.0 million of work was added in 2Q2019. The total awards consisted of $42.9 million in Coastal Protection, $25.8 million in Maintenance and $21.8 million in Rivers&Lakes awards. 
  • Backlog rebound expected over 2H019. While backlog dropped about $132 million in 1Q2019 to $575 million, we expect the backlog to stabilize in…





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NOTE: investment decisions should not be based upon the content of
this research summary.  Proper due diligence is required before
making any investment decision.
 

News – Wind Energy: Is it efficient enough?

Blowin’ In the Wind: Pros and Cons of Wind Energy 

(Note: companies that could be impacted by the content of this article are listed at the base of the story (desktop version). This article uses third-party references to provide a bullish, bearish and balanced point of view; sources listed in the “Balanced” section) 
In 2019, it is predicted wind power will surpass hydropower as the U.S. grid’s largest source of renewable electricity, according to the Energy Information Administration. In 2017, wind accounted for some 6.33% of all electric generation in the U.S., but with a forecast that wind could eventually generate 20% of all electricity, it would appear the market has significant upside potential. Partly driven by the expiration of the production tax credit in 2020, the industry has seen significant capacity additions recently. In 2019, it is projected that installed capacity will increase to 107 gigawatts, up from 96 gigawatts at the end of 2018, with an additional seven gigawatts coming in 2020. From 2018 to 2021, wind power will have played a significant role in total capacity additions, accounting for 20% of the additions.

Research – Euroseas (ESEA) – Acquisition and Financing Activity Are Positives

Monday, June 24, 2019

Euroseas Ltd. (ESEA)

Acquisition and Financing Activity Are Positives

Euroseas Ltd. provides ocean-going transportation services worldwide. The company owns and operates containerships that transport dry and refrigerated containerized cargoes, including manufactured products and perishables; and drybulk carriers that transport iron ore, coal, grains, bauxite, phosphate, and fertilizers.

Poe Fratt, Senior Research Analyst, Noble Capital Markets, Inc.

Refer to full report for price target, fundamental analysis and rating.

  • Pending acquisition adds scale, lowers cost structure, and improves age profile. Acquisition of four feeder vessels for ~$30 million (22.5 million common shares and $15 million term loan) should close in 3Q2019.
  • Refinancing done and acquisition financing lined up. New debt matures in 2023. As a follow on to the 2018 refinancing, ~$8 million of debt on the Astoria and Evridiki was refinanced with…



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NOTE: investment decisions should not be based upon the content of
this research summary.  Proper due diligence is required before
making any investment decision.
 

News – CFA, CFP, CPA, CAIA, ChFC, CIPM, OMG when will it end?

An Alphabet Soup of Financial Designations

Last Saturday, a record 250,000 people around
the world sat to take one of the grueling 6-hour-long exams offered in the CFA®
program, which is 11% more than last year. With a 10-year average pass rate of
44%, these exams are widely considered to be among the toughest in the
industry. Worst of all, you need to pass three levels of exams before you’re
eligible to hold the Chartered Financial Analyst® (CFA). The exams are offered
only once (or twice for the first level) a year, so it can take the better half
of a decade to get through all of them. But the CFA® designation is only one of
the growing number of professional designations in the financial industry. The
proliferation of professional designations has sparked a debate on the value
that these programs bring to the industry. In some ways, the number and variety
of designations have had a dilutive effect on the perception of their value.
Many of the CFA® candidates last Saturday, who were sitting in their testing
center staring down the barrel of a 120-question exam on a perfectly sunny
summer weekend day, must have been wondering, “Is this really worth it?”

FEATURE: NobleCon 16 | Tanker Attack | Research | Podcast

Tanker Attacked in the Persian Gulf; Here’s why this time is
different.
The incident is one in a long history of sabotage activity in the area and threats to shut down the shipping channel. Previous incidents eventually faded into memory with oil prices returning to pre-existing levels. This time may be different. More

What does CAR-T therapy consist of, what is it and could it
be viewed as a “living anti-cancer drug”?
The medicine itself consists of a living cell, which is genetically engineered to find and destroy cancer cells. Chimeric Antigen Receptor T cell therapy (CAR-T) is a gene therapy designed to… More

Noble Capital Markets’ sixteenth annual investor conference – Noble Capital Markets’ plans are set for its sixteenth annual NobleCon investor conference to be held at the New Hard Rock, South Florida, February 2020. More

Great Lakes Dredge & Dock (GLDD) Two New Awards Bolster Confidence in 2019 Outlook. More

IPO Podcast Episode 2: Drug Disruption. Brant Pinvidic (host of the iTunes top-trending Hollywood podcast “Why I’m Not…”) probes into the positive aspects of being “disruptive” in healthcare. Changing what is viewed as the norm – disrupting the status quo -can result in very positive change… Like Uber and Airbnb. Here Brant looks for disruption in healthcare; ways to reduce the costs associated with prescription drugs. He interviews the CEO of Dyadic International who believes his company has the answer. You be the judge. More

News – A Chimera for the Treatment of Cancer (Part 2)

CAR-T Medicines for The Treatment of Cancer, Part 2

(click here
for part one
)

(Note: companies that could be impacted by the content of this article are listed at the base of the story (desktop version). This article uses third-party references to provide a bullish, bearish and balanced point of view; sources listed in the “Balanced” section)

Chimeric Antigen Receptor T cell therapy (CAR-T) is a gene therapy designed to harness the potency of antibodies and T-lymphocytes into one single medicine for the treatment of cancer. CAR-T therapy could be viewed as a “living anti-cancer drug” as the medicine itself consists of a living cell, which is genetically engineered as a pharmaceutical “chimera” to find and destroy cancer cells. The term chimera describes a monstrous being from Greek mythology composed from different animal parts. It appears in literature as a creature with two heads: a lion’s and a goat’s (see Figure 1 below). Like the creature from Greek mythology, a CAR-T medicine also has two heads: antibody binding domain and T-cell receptor (TCR) signaling domain.

Figure 1: According to Greek mythology, a Chimera was a hybrid with
parts from different animals. It consisted of a lion with a goat’s head and a
tail ending in snakes’ heads. In the Homer’s Iliad, a chimera is described as a
“fearsome beast snorting out the breath of terrible flame of bright fire
”.

Source
– Chimera, Greek Mythology,
www.mythortruth.com

In
science, the term chimera is often used to describe hybrids from different
species, such as a virus with DNA sequences from different species, or a CAR-T
drug construct consisting of an antibody fused to a T lymphocyte, combining the
medical potency of an anti-cancer antibody with the cancer killing properties
of a T lymphocyte. (
read Part 1 of the CAR-T
article series here
)

Research – Great Lakes Dredge (GLDD) – Awards Boost Confidence

Thursday, June 20, 2019

Great Lakes Dredge & Dock (GLDD)

Two New Awards Bolster Confidence in 2019 Outlook

Great Lakes Dredge & Dock Corp is a provider of dredging services in the United States. The Company operates in two operating segments namely Dredging and Environmental, and Infrastructure.

Poe Fratt, Senior Research Analyst, Noble Capital Markets, Inc.

Refer to full report for price target, fundamental analysis and rating.

  • New contracts announced and 2019 outlook remains solid. Two new contracts for $41.3 million of work were awarded over the past several days. The first award is a $20.97 million contract for hopper dredging in Galveston, Texas and the second award is a $20.3 million contract for a beach rehab project in Virginia Beach, Virginia. 
  • Backlog dropped in 1Q2019, but should rebound over 2H019. 1Q2019 backlog dropped about $132 million to $575 million in 1Q2019. Arguably, bidding activity is…





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NOTE: investment decisions should not be based upon the content of
this research summary.  Proper due diligence is required before
making any investment decision.
 

Research – TherapeuticsMD (TXMD) – What Investors are Missing

Wednesday, June 19, 2019

TherapeuticsMD (TXMD)

What Investors are Missing

TherapeuticsMD Inc is a major drug manufacturing with a focus on creating and commercializing products targeted exclusively for women. The company intends to commercialize advanced hormone therapy pharmaceutical products. 

Ahu Demir, Ph.D., Biotechnology Research Analyst, Noble Capital Markets, Inc.

Refer to full report for price target, fundamental analysis and rating.

  • The stock slides. TXMD shares are down 15% since the company held its analyst day on June 10, 2019. We believe that the shares overreacted to management’s weak revenue outlook which anticipates 87% revenue growth for the full year 2019 (21% below consensus revenue expectations). We estimate that revenues will show an accelerated growth in subsequent years, up 180% in 2020, up 346% in 2021 and up 108% in 2022.
  • The bigger picture. We believe that there are encouraging revenue attributes; 1) the company’s product, Imvexxy, had solid upward Q1 revenue trajectory, surpassing…


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NOTE: investment decisions should not be based upon the content of
this research summary.  Proper due diligence is required before
making any investment decision.
 

Research – Endeavour Silver (EXK) – Signs of an Improving Outlook?

Wednesday, June 19, 2019

Endeavour Silver Corporation (EXK)

Signs of an Improving Outlook?

Endeavour Silver Corp is a precious metal mining company. The company is primarily engaged in silver mining and owns three high-grade, underground, silver-gold mines in Mexico. Its other business activities include acquisition, exploration, development, extraction, processing, refining and reclamation.

Mark Reichman, Senior Research Analyst, Noble Capital Markets, Inc.

Refer to full report for price target, fundamental analysis and rating.

  • Final Terronera project permit received. Endeavour Silver announced receipt of the final tailings permit from the Mexican Ministry of Environment that is required to advance the company’s Terronera silver and gold mine project.
  • A few more boxes need to be checked.  With the Terronera mine project now fully permitted, Endeavour plans to complete a final preliminary feasibility study (PFS) in the third quarter… 


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NOTE: investment decisions should not be based upon the content of
this research summary.  Proper due diligence is required before
making any investment decision.
 

News – What will the Persian Gulf attack mean for oil prices?

Tanker Attacked in the Persian Gulf; Here’s why this time is different.

(Note: companies that could be impacted by the content of this article are listed at the base of the story (desktop version). This article uses third-party references to provide a bullish, bearish and balanced point of view; sources listed in the “Balanced” section)

Oil
prices jumped as much as 4% on June 13
th following attacks on two Japanese
tankers near the Strait of Hormuz in the Persian Gulf.  The attacks occurred shortly after Shinzo Abe, the Japanese Prime Minister, had met with Iranian officials. While the source of the attack was not known, the timing and objects of the attacks seems to point toward Iran or Iranian rebels in Yemen as the likely source. The incident is one in a long history of sabotage activity in the area and threats to shut down the shipping channel. Previous incidents eventually faded into memory with oil prices returning to pre-existing levels. This time may be different.

Research – Upgrading the Shares – High Risk but High Upside Potential

Monday, June 17, 2019

Seanergy Maritime Holding Corp. (SHIP)

Upgrading the Shares – High Risk but High Upside Potential

Seanergy Maritime Holdings Corp., an international shipping company, provides marine dry bulk transportation services through the ownership and operation of dry bulk vessels. The company owns a modern fleet of 11 dry bulk carriers consisting of 9 Capesizes and 2 Supramaxes with a combined cargo-carrying capacity of approximately 1,682,582 dwt and an average fleet age of 8.1 years. The company was formerly known as Seanergy Maritime Corp. and changed its name to Seanergy Maritime Holdings Corp. in January 2009. 

Poe Fratt, Senior Research Analyst, Noble Capital Markets, Inc.

Refer to full report for price target, fundamental analysis and rating. 

  • Weaker Than Expected 1Q2019 Results. Reported adjusted 1Q2019 EBITDA of $0.4 million was below our estimate of $1.0 million and well below 4Q2018 EBITDA of $6.3 million, mainly due to lower time equivalent (TCE) rates..
  • Adjusting 2019 EBITDA estimate to reflect lower rates. Market improvement expected later this year. To incorporate weak 1Q2019 operating results and the current cape market environment, our EBITDA estimate moves down…





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NOTE: investment decisions should not be based upon the content of
this research summary.  Proper due diligence is required before
making any investment decision.