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Join enCore Energy (ENCUF)(EU:CA) Executive Chairman William Sheriff & CEO Paul Goranson at NobleCon17 – Noble Capital Markets 17th Annual Small & Microcap Investor Conference – January 19&20, 2021. Following a formal presentation, a seasoned Wall Street research analyst will join William and Paul to moderate a LIVE Q&A session. If you want to be added to the roster of presenters… or if you would like to join the virtual audience of investors, at no cost, go to nobleconference.com. NobleCon 17 Complete Presenting Company Schedule
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Month: December 2020
Golden Predator Mining (NTGSF)(GPY:CA) Scheduled To Present at NobleCon17
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Join Golden Predator Mining (NTGSF)(GPY:CA) CEO Janet Lee-Sheriff at NobleCon17 – Noble Capital Markets 17th Annual Small & Microcap Investor Conference – January 19&20, 2021. Following a formal presentation, a seasoned Wall Street research analyst will join Janet to moderate a LIVE Q&A session. If you want to be added to the roster of presenters… or if you would like to join the virtual audience of investors, at no cost, go to nobleconference.com. NobleCon 17 Complete Presenting Company Schedule
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Mundoro Capital (MUNMF)(MUN:CA) Scheduled To Present at NobleCon17
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Join Mundoro Capital (MUNMF)(MUN:CA) CEO Teodora Dechev at NobleCon17 – Noble Capital Markets 17th Annual Small & Microcap Investor Conference – January 19&20, 2021. Following a formal presentation, a seasoned Wall Street research analyst will join Teodora to moderate a LIVE Q&A session. If you want to be added to the roster of presenters… or if you would like to join the virtual audience of investors, at no cost, go to nobleconference.com. NobleCon 17 Complete Presenting Company Schedule
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Release – Slinger Bag (SLBG) – Slinger Bag Announces Successful Uplisting to OTCQB
Slinger Bag Announces Successful Uplisting to OTCQB
Baltimore, Maryland– (December 24, 2020) – Slinger Bag (OTCQB: SLBG), a sports brand focused on innovating game improvement equipment for ball sports and an artificial intelligence analytics platform with an initial business focus on the global tennis market is pleased to announce its successful uplisting from the OTC Pink to the OTCQB® Venture Market. The up listing is effective as of the open of trading on December 24, 2020.
The OTCQB® Venture Market is for early-stage and developing U.S. and international companies. Eligible companies must be current in their reporting and undergo an annual verification and management certification process. Companies are additionally required to meet a minimum bid price and may not be in bankruptcy.
“Uplisting to the OTCQB is an important milestone in the growth of Slinger as a company,” said Slinger CEO Mike Ballardie. “Our decision to move up to the OTCQB Venture Market reflects the building interest in our story, and was the logical next step in our strategy as we work to maximize shareholder value. Trading on the OTCQB will enhance our visibility in the investment community, increase trading liquidity, open the Company to institutional investors, and broaden our shareholder base. We look forward to leveraging this momentum as we remain focused on building Slinger to be a leading global sports brand.”
Slinger Bag enables tennis players to get out on court to play at any time without the need to find a playing partner – whether that be at their club, local park, on their driveways or in any other available open space. Slinger Bag is lightweight, wheeled like a trolley bag, and easily transported in the trunk of the smallest saloon or sedan car. It offers players the versatility to store all of their tennis gear including racquets, shoes, towels and accessories. Slinger is developing Slinger Bags for other ball sports as well as a disruptive artificial intelligence platform that will forever change how players of all levels train and optimize their game.
Slinger bag is currently available in 37 countries on every continent across the globe.
For more information or to order a Slinger Bag: visit www.slingerbag.com
For Investor Relations inquiries visit www.slingerbagir.com or contact investors@slingerbag.com or 443-407-7564
For Slinger Bag media enquiries contact the Press Office, Joe Murgatroyd, Press@slingerbag.com, at Brandnation, +44(0)207 940 7294
Legal Counsel: Kalfa Law, Contact Shira@kalfalaw.com
About Slinger Bag® Slinger Bag® is a new sports brand focused on delivering innovative, game improvement technologies and equipment across all Ball Sport categories. With the vision to become a next-generation sports consumer products company, Slinger Bag® enhances the skill and enjoyment levels of players of all ages and abilities. Slinger Bag® is initially focused on building its brand within the global Tennis market, through its Slinger Bag® Tennis Ball Launcher, Accessories and technology platform. Slinger Bag® has underpinned its proof of concept with over $200M in retail value of global distribution agreements since the Spring of 2020. Led by CEO Mike Ballardie (former Prince CEO and Wilson EMEA racquet sports executive) Slinger Bag® is now primed to disrupt what are traditional global markets with its patent-pending, highly transportable and affordable Slinger Bag® Launcher.
Slinger Bag Disclaimer: Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995. Statements in this press release that are not strictly historical are “forward-looking” statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. These statements involve a high degree of risk and uncertainty, are predictions only and actual events or results may differ materially from those projected in such forward-looking statements. Factors that could cause or contribute to differences include the uncertainty regarding viability and market acceptance of the Company’s products and services, the ability to complete development plans in a timely manner, changes in relationships with third parties, product mix sold by the Company and other factors described in the Company’s most recent periodic filings with the Securities and Exchange Commission, including its 2019 Annual Report on Form 10-K and quarterly reports on Form 10-Q.
Forward-Looking Statements: This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 and Private Securities Litigation Reform Act, as amended, including those relating to the Company’s product development, clinical and regulatory timelines, market opportunity, competitive position, possible or assumed future results of operations, business strategies, potential growth opportunities and other statement that are predictive in nature. These forward-looking statements are based on current expectations, estimates, forecasts and projections about the industry and markets in which we operate and management’s current beliefs and assumptions.
These statements may be identified by the use of forward-looking expressions, including, but not limited to, “expect,” “anticipate,” “intend,” “plan,” “believe,” “estimate,” “potential, “predict,” “project,” “should,” “would” and similar expressions and the negatives of those terms. These statements relate to future events or our financial performance and involve known and unknown risks, uncertainties, and other factors which may cause actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such factors include those set forth in the Company’s filings with the Securities and Exchange Commission. Prospective investors are cautioned not to place undue reliance on such forward-looking statements, which speak only as of the date of this press release. The Company undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise.
SOURCE Slinger Bag
Golden Valley Mines (GLVMF)(GZZ:CA) Scheduled To Present at NobleCon17
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Join Golden Valley Mines (GLVMF)(GZZ:CA) CEO Glenn Mullan at NobleCon17 – Noble Capital Markets 17th Annual Small & Microcap Investor Conference – January 19&20, 2021. Following a formal presentation, a seasoned Wall Street research analyst will join Glenn to moderate a LIVE Q&A session. If you want to be added to the roster of presenters… or if you would like to join the virtual audience of investors, at no cost, go to nobleconference.com. NobleCon 17 Complete Presenting Company Schedule
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DLH Holdings (DLHC) Scheduled To Present at NobleCon17
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Join DLH Holdings (DLHC) CFO Kathryn JohnBull & CEO Zach Parker at NobleCon17 – Noble Capital Markets 17th Annual Small & Microcap Investor Conference – January 19&20, 2021. Following a formal presentation, a seasoned Wall Street research analyst will join Kathryn and Zach to moderate a LIVE Q&A session. If you want to be added to the roster of presenters… or if you would like to join the virtual audience of investors, at no cost, go to nobleconference.com. NobleCon 17 Complete Presenting Company Schedule
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Jaguar Mining (JAGGF)(JAG:CA) Scheduled To Present at NobleCon17
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Join Jaguar Mining (JAGGF)(JAG:CA) CFO Vernon Baker & CFO Ahmed Hashim at NobleCon17 – Noble Capital Markets 17th Annual Small & Microcap Investor Conference – January 19&20, 2021. Following a formal presentation, a seasoned Wall Street research analyst will join Vernon and Ahmed to moderate a LIVE Q&A session. If you want to be added to the roster of presenters… or if you would like to join the virtual audience of investors, at no cost, go to nobleconference.com. NobleCon 17 Complete Presenting Company Schedule
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What Do Investors Look At?
The Most Studied Research, Most Popular Videos, and Most Read Articles of 2020
What do small cap and micro cap investors look at? We thought you’d want to know what we discovered when we took a look back at Channelchek’s most popular content of 2020.
As part of our regular planning, we look at which articles are most popular with our readers. This allows us to continue to adjust our focus to give investors more of what they want. Then we look at the most-read company research and top video posts for more insight. We just completed our full 2020 review, you’ll want to know what we learned. So, we decided to share what was found had been most popular during the year. For your convenience, we’re providing links to each in top three categories. As much as this look-back will help us serve you better in 2021, it could also enlighten readers to what was of interest to others evaluating high potential stocks.
Considering the kind of year 2020 has been, the industries and content given the most attention were not overly surprising. What about top-performing stocks? On the close of business December 23rd, we took a snapshot of the year-to-date performance of Noble Capital Markets sponsored-research companies posted on our platform. We felt sure our readers would want to know which companies we post analysis on are the highest performers to date.
Understanding this year’s top three read articles, most read research, watched videos, and top performers provide a good lesson on how investment expectations can change throughout a year as the winds shift. Next year is less than a week away; the following is a good reminder that we need to expect the unexpected and get regular updates on companies on our watch lists.
Top Three Articles
Number One – In mid-April, people were hungry for insight and information related to the new pandemic. At the time, the uncertainty of the impact a month-long lockdown would produce on many parts of the economy created anxiety. A series of Twitter posts by famed investor Michael Burry, who also maintains a license as a medical doctor, caught the attention of Channelchek staff. After all, Burry’s expertise, made famous by the movie “The Big Short,” is in connecting dots and understanding economic reactions to situations. He’s made hundreds of millions assessing situations and investing for unexpected outcomes. It’s no wonder the article, “The Big Short” Dr. Michael Burry’s Views on the Shutdown, remains extremely popular and is Channelchek’s most-read story.
Number Two – Oil companies have had a difficult year. They ended 2019 weak and continued trending down in early 2020 in part because alternatives were filling greater energy needs. Then, the novel coronavirus caused China to shut down parts of their economy, reducing their demand placing downward pressure on prices. Oil prices dropped further from reduced global demand as other countries reported cases. As global restrictions on travel and forcing people to stay home began, the glut of oil grew to the point where it seemed to fill every last storage facility. This accelerated the drop until oil-producing countries agreed on several cuts in production.
Throughout the year, Channelchek updated readers with information on all aspects of the energy industry, including a series of articles on oil companies. These insights and updates are always widely read. In late October, we published a story that shows that mergers and acquisitions can happen in either boom or bust periods. ConocoPhillips Buys Concho and Pioneer Buys Parsley – What’s Next? This is the article our readers made second most popular.
Number Three – When Dow Jones or S&P add or remove a stock to any of their indices, the action is unscheduled and often a surprise to the market. This isn’t true for another family of widely followed indexes. Did you know the Russell family of indexes follow a schedule and methodology that anyone with stock data can figure out? In early May each year, they rank securities based on public information and formulas available to you on their website; a month later, they publish to their website add/delete lists. Approximately two weeks later, they finalize the list, and on schedule, in late June, they open with a new, reconstituted index.
Some investors find opportunity looking at past history and maneuvering to game the activity around this reconstitution. Channelchek’s daily users are particularly interested in the Russell 2000. So, in May, we published The Annual Russell Index Revision and Stocks to Watch. It is the third most-read article of 2020. We have marked our calendar to againg help our registered users find opportunities during the reconstitution in 2021. (registration is free).
Top Three Research Notes
The more popular research notes on individual companies spanned the industries researched by Noble Capital Markets and made available at no charge to users on Channelchek. Investors had shown broad interests flocking to Channelchek to read about a biofuel company through the second half, private prisons drew attention mid-year; as economies reopened the popularity of mining companies escalated. Investors seeking strong players in weak industries brought interest to reports on restaurants, shipping, and energy. But, we saw the most interest in company research reports, filling all three top most popular positions during the year, was healthcare and biotech companies.
Number One – In-depth, always current research on the company Genprex (GNPX) provides investors of novel medical breakthrough technologies a place to stay current. Genprex Inc. is a U.S.-based clinical-stage gene therapy company. It is engaged in developing a new approach to treating cancer, based on its novel proprietary technology platform, including its initial product candidate, Oncoprex immunogene therapy.
Number Two – Does it make sense that investors were digging for more information on a company in preclinical testing on therapies for influenza, norovirus, and coronaviruses? Cocrystal Pharma Inc. (COCP) is a clinical-stage biotechnology company discovering and developing novel antiviral therapeutics that target replication. Noble Capital Markets initiated coverage of COCP during a time when not just investors, but the world was looking for information on companies doing work to eradicate resparatory viruses.
Number Three – Rounding out the trio of companies with the most read research is another on a mission to help mankind by treating or eradicating disease. Onconova Therapeutics Inc. (ONTX) has created a pipeline of targeted anti-cancer agents designed to disrupt specific cellular pathways that are important for cancer cell proliferation. They’re a clinical-stage biopharmaceutical company developing novel small molecule product candidates primarily to treat cancer.
Top Three Videos
There is an abundance of current video content on Channelchek, which includes C-Suite Interviews where management is interviewed by the Noble analyst that is a recognized expert in the industry and company itself. There are also video replays of online virtual roadshows. These provide users access to either attend or watch the replay of the up close and personal events at their own convenience. A complete listing is found at Channelcast videos provided on Channelchek.
Number One – During 2020, the most-watched video is with Onconova Therapeutics’ (ONTX C-Suite). Steven Fruchtman, M.D., CEO, and Ric Woodman, M.D., CMO meet with Noble Capital Markets Analyst, Dr. Ahu Demir. Onconova is a leading company in the treatment of pre-leukemia cancer. They are a late clinical-stage company that may soon transform into commercial stage-2 treatment of lung cancer.
During the interview, management answers provide insight into their portfolio outlook, current and upcoming clinical trials, and key value-generating catalysts.
Number Two – The second most-watched video on Channelchek is an interview featuring David Raun, CEO One Stop Systems (OSS C-Suite), with veteran Noble Analyst Joe Gomes. This interview helps define the importance of edge computing and what “AI on the fly” means to the world of artificial intelligence. They also discuss why key management changes may bring better predictability.
This interview was fascinating as it discussed the challenge of self-driving vehicles on the ground and in the air. It also drew many positive comments from a follow-up discussion near the end where Noble Analyst Joe Gomes, CFA, and Noble’s Director of Research Mike Kupinski discussed their takeaways from the management interview with OSS.
Number Three – The biotech company PDS Biotechnology (PDS Biotechnology PDSB) is featured in the third most-watched video on Channelchek. The CEO of PDS, Frank Bedu-Addo, Ph.D., meets with Noble’s Dr. Ahu Demir and discusses their oncology and infectious disease portfolio, and other pipeline assets related to prostate, breast, colorectal and ovarian cancers. The segment in the video on a universal flu vaccine and potential COVID applications of one of their cancer drugs designed to train the immune system may have helped add this company to the watch list of many, if not to their portfolio. The two also discussed the company financials and priorities as well as a future value-generating catalysts.
Top Performers of Covered Companies on Channelchek
The average return of all companies for which Channelchek provides free equity research created by Noble Capital Markets is on track to close 2020 near 35%. The top three performers are as follows:
Number One – Genprex Inc. up 1200%
Number Two – Encore Energy up 354%
Number Three – Cocrystal Pharma, Inc. up 205%
Past results are not to be used to predict future results. However, regular visits to read or listen to what Noble analysts are saying, in addition to industry and market-related articles, may provide information on opportunities not well-covered on other websites or news outlets.
Take-Away
Channelchek provides a broad mix of investors who are interested in small and micro-cap stocks actionable information. Our users include everyone from top-hedge fund managers to self-directed investors, family offices, and everyone in between. The variety of articles, videos, research reports, and other content, although specific to small publicly traded companies, is created for this diverse audience. Registered users were able to stay on top of some of the industries that were in the spotlight in 2020, we will use what we learned to provide even more useful content in 2021. Noble Capital Markets is rapidly growing its list of interesting companies covered by their research analysts — more companies that can make a great impact on the world will be discovered or better understood by investors.
Paul Hoffman
Managing Editor, Channelchek
Suggested Reading:
Which Stocks do Well After a Presidential Election
Small-cap Stocks are Looking Better for Investors
The Advantage of Micro Cap Equities for Investors
Sources:
Upcoming Events
Great Lakes Dredge & Dock (GLDD) Scheduled To Present at NobleCon17
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Join Great Lakes Dredge & Dock (GLDD) CFO Mark Marinko at NobleCon17 – Noble Capital Markets 17th Annual Small & Microcap Investor Conference – January 19&20, 2021. Following a formal presentation, a seasoned Wall Street research analyst will join Mark to moderate a LIVE Q&A session. If you want to be added to the roster of presenters… or if you would like to join the virtual audience of investors, at no cost, go to nobleconference.com. NobleCon 17 Complete Presenting Company Schedule
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Eagle Bulk Shipping (EGLE) – Fleet Renewal Continues and Equity Offering Completed
Thursday, December 24, 2020
Eagle Bulk Shipping (EGLE)
Fleet Renewal Continues and Equity Offering Completed
Eagle Bulk Shipping Inc. is a US-based drybulk owner-operator focused on the Supramax/Ultramax mid-size asset class, which ranges from 50,000 and 65,000 deadweight tons in size; these vessels are equipped with onboard cranes allowing for the self-loading and unloading of cargoes, a feature which distinguishes them from the larger classes of drybulk vessels and provides for greatly enhanced flexibility and versatility- both with respect to cargo diversity and port accessibility. The Company transports a broad range of major and minor bulk cargoes around the world, including coal, grain, ore, pet coke, cement, and fertilizer. Eagle operates out of three offices, Stamford (headquarters), Singapore, and Hamburg, and performs all aspects of vessel management in-house including: commercial, operational, technical, and strategic.
Poe Fratt, Senior Research Analyst, Noble Capital Markets, Inc.
Refer to the full report for the price target, fundamental analysis, and rating.
Fleet renewal adds another Ultramax acquisition and Supramax sale. The fleet renewal activity recently picked up, and it now includes three Supramax sales, two pending Supramax sales and two pending Ultramax acquisitions in 2H2020. Fleet renewal improves age profile and boosts fuel efficiency, in addition to avoiding special survey/BWTS costs of in the $1.25 million range per vessel.
Fine tuning 2021 EBITDA estimate to reflect new transactions and firmer dry bulk market. We are maintaining our recently fine-tuned 2020 EBITDA estimate of $55.4 million based on TCE rates of $9.9k/day. Since the asset sales partially offset the Ultramax acquisitions, there isn’t much of a change to our 2021 EBITDA estimate of $75.6 million (up from $74.6 million). EBITDA should move up ~35% as …
This research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).
*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision.
CoreCivic, Inc. (CXW) – Sale of 42 Non-Core Properties Yields $27 million for Debt Reduction
Thursday, December 24, 2020
CoreCivic, Inc. (CXW)
Sale of 42 Non-Core Properties Yields $27 million for Debt Reduction
CoreCivic is a diversified government solutions company with the scale and experience needed to solve tough government challenges in flexible, cost-effective ways. We provide a broad range of solutions to government partners that serve the public good through corrections and detention management, a growing network of residential reentry centers to help address America’s recidivism crisis, and government real estate solutions. We are a publicly traded real estate investment trust and the nation’s largest owner of partnership correctional, detention and residential reentry facilities. We also believe we are the largest private owner of real estate used by U.S. government agencies. The Company has been a flexible and dependable partner for government for more than 35 years. Our employees are driven by a deep sense of service, high standards of professionalism and a responsibility to help government better the public good.
Joe Gomes, Senior Research Analyst, Noble Capital Markets, Inc.
Refer to the full report for the price target, fundamental analysis, and rating.
Sale. Yesterday after the market closed, CoreCivic announced the sale of 42 non-core government properties, representing 573,000 gross rentable square feet, for $106.5 million. The Company had originally purchased these properties for $98.7 million. CoreCivic will use the $27 million of net proceeds, after repayment of non-recourse debt related to the portfolio, to repay borrowings under the Company’s revolving credit facility.
And More Still To Go. CoreCivic still has five additional non-core government properties, representing some 1.1 million of gross rentable square feet, that are being marketed. We remain confident the additional properties could generate $120 million of net cash, after repayment of non-recourse debt. Again, we expect any net proceeds to be used to reduce outstanding debt, as per the Company’s …
This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).
*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision.
Release – CoreCivic (CXW) – Announces the Sale of 42 Non-Core Government Leased Properties for $106.5 Million
CoreCivic Announces the Sale of 42 Non-Core Government Leased Properties for $106.5 Million
BRENTWOOD, Tenn., Dec. 23, 2020 (GLOBE NEWSWIRE) — CoreCivic, Inc. (NYSE: CXW) (the “Company”) announced today that following an extensive and ongoing marketing process for the proposed sale of certain non-core real estate assets in its CoreCivic Properties segment, it closed on the sale of 42 of its non-core government leased properties to a third party for an aggregate purchase price of $106.5 million. The assets sold represented approximately 573,000 gross rentable square feet and are expected to generate approximate net proceeds of $27.0 million, following repayment of non-recourse mortgage notes associated with some of the properties and other transaction-related costs. Net cash proceeds will be utilized to repay borrowings under the Company’s revolving credit facility.
“We are pleased with the positive market response we have seen throughout the marketing process of our non-core government leased properties, and today’s closing announcement is a positive initial step in the process to recycle capital towards higher returning opportunities,” said Damon Hininger, CoreCivic’s President and Chief Executive Officer. “The remaining non-core assets we are evaluating for sale are significantly larger in terms of gross rentable square feet, both individually and in aggregate, and we remain optimistic in our prospects for consummating additional sales.”
The Company’s original purchase price for the 42 properties sold was $98.7 million. Subsequent to the close of the transaction, the CoreCivic Properties portfolio consists of 15 properties representing 2.7 million square feet, including five non-core government leased properties representing 1.1 million gross rentable square feet. In addition to the CoreCivic Properties portfolio, CoreCivic operates 48 correctional and detention facilities, 42 of which it owns, with a total design capacity of approximately 71,000 beds, and 27 residential reentry centers with a total design capacity of approximately 5,000 beds.
About CoreCivic
The Company is a diversified government solutions company with the scale and experience needed to solve tough government challenges in flexible, cost-effective ways. We provide a broad range of solutions to government partners that serve the public good through corrections and detention management, a network of residential reentry centers to help address America’s recidivism crisis, and government real estate solutions. We are a publicly traded real estate investment trust and the nation’s largest owner of partnership correctional, detention and residential reentry facilities. We also believe we are the largest private owner of real estate used by U.S. government agencies. The Company has been a flexible and dependable partner for government for more than 35 years. Our employees are driven by a deep sense of service, high standards of professionalism and a responsibility to help government better the public good. Learn more at http://www.corecivic.com/.
Forward-Looking Statements
This press release contains statements as to our beliefs and expectations of the outcome of future events that are “forward-looking” statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from the statements made. These include, but are not limited to, the risks and uncertainties associated with: (i) changes in government policy, legislation and regulations that affect utilization of the private sector for corrections, detention, and residential reentry services, in general, or our business, in particular, including, but not limited to, the continued utilization of the South Texas Family Residential Center by Immigration and Customs Enforcement under terms of the current contract, and the impact of any changes to immigration reform and sentencing laws (our company does not, under longstanding policy, lobby for or against policies or legislation that would determine the basis for, or duration of, an individual’s incarceration or detention); (ii) our ability to obtain and maintain correctional, detention, and residential reentry facility management contracts because of reasons including, but not limited to, sufficient governmental appropriations, contract compliance, negative publicity and effects of inmate disturbances; (iii) changes in the privatization of the corrections and detention industry, the acceptance of our services, the timing of the opening of new facilities and the commencement of new management contracts (including the extent and pace at which new contracts are utilized), as well as our ability to utilize available beds; (iv) general economic and market conditions, including, but not limited to, the impact governmental budgets can have on our contract renewals and renegotiations, per diem rates, and occupancy; (v) fluctuations in our operating results because of, among other things, changes in occupancy levels, competition, contract renegotiations or terminations, increases in costs of operations, fluctuations in interest rates and risks of operations; (vi) the duration of the federal government’s denial of entry at the United States southern border to asylum-seekers and anyone crossing the southern border without proper documentation or authority in an effort to contain the spread of COVID-19; (vii) government and staff responses to staff or residents testing positive for COVID-19 within public and private correctional, detention and reentry facilities, including the facilities we operate; (viii) the location and duration of shelter in place orders and other restrictions associated with COVID-19 that disrupt the criminal justice system, along with government policies on prosecutions and newly ordered legal restrictions that affect the number of people placed in correctional, detention, and reentry facilities; (ix) whether revoking our REIT election and our revised capital allocation strategy can be implemented in a cost effective manner that provides the expected benefits, including facilitating our planned debt reduction initiative and planned return of capital to shareholders; (x) our ability to identify and consummate the sale of additional non-core assets at attractive prices; (xi) our ability to successfully identify and consummate future development and acquisition opportunities and our ability to successfully integrate the operations of our completed acquisitions and realize projected returns resulting therefrom; (xii) our ability, following the revocation of our REIT election, to identify and initiate service opportunities that were unavailable under the REIT structure; (xiii) our ability to meet and maintain qualification for taxation as a REIT for the years the Company elected REIT status; and (xiv) the availability of debt and equity financing on terms that are favorable to us, or at all. Other factors that could cause operating and financial results to differ are described in the filings we make from time to time with the Securities and Exchange Commission.
CoreCivic takes no responsibility for updating the information contained in this press release following the date hereof to reflect events or circumstances occurring after the date hereof or the occurrence of unanticipated events or for any changes or modifications made to this press release or the information contained herein by any third-parties, including, but not limited to, any wire or internet services.
Contact:
Investors: Cameron Hopewell – Managing Director, Investor Relations – (615) 263-3024
Media: Steve Owen – Vice President, Communications – (615) 263-3107
Ely Gold Royalties (ELYGF)(ELY:CA) – The Company You Keep
Wednesday, December 23, 2020
Ely Gold Royalties (ELYGF)(ELY:CA)
The Company You Keep
As of April 24, 2020, Noble Capital Markets research on Ely Gold Royalties is published under ticker symbols (ELYGF and ELY:CA). The price target is in USD and based on ticker symbol ELYGF. Research reports dated prior to April 24, 2020 may not follow these guidelines and could account for a variance in the price target. Ely Gold Royalties Inc is an emerging royalty company with producing and development assets focused in Nevada and the Western US. It offers shareholders a low-risk leverage to the current price of gold and low-cost access to long-term gold royalties.
Mark Reichman, Senior Research Analyst of Natural Resources, Noble Capital Markets, Inc.
Refer to the full report for the price target, fundamental analysis, and rating.
Increasing exposure to Coeur’s Rochester mine expansion. Ely Gold Royalties, through its Nevada Select Royalty subsidiary, executed a binding term sheet to acquire a 2% net smelter royalty (NSR) from a private third party on three unpatented mining claims located within Coeur Mining’s (NYSE, CDE, Outperform) Lincoln Hill Property in Pershing County, Nevada. The term sheet is subject to approval by the TSX Venture Exchange and a waiver of first refusal by Coeur Mining.
Terms of the transaction. Ely Gold will pay cash consideration of US$200 thousand and issue 500 thousand warrants exercisable at the December 22 closing price, subject to a four-month hold, that expire in three years. At closing, Ely will be assigned 2% of the Raven Royalty, which is a 4% NSR in aggregate, and is not subject to any royalty buy-down and has no advance minimum royalty payments …
This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).
*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision.