Month: December 2020

Release – Global Crossing Airlines Inc. (JETMF)(JET:CA) – Uplists to OTCQB Venture Market

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Global Crossing Airlines Uplists to OTCQB Venture Market

 

Miami, Florida, December 7, 2020 – Global Crossing Airlines Inc. (TSXV: JET) (OTC Pink: JETMF) (the “Company” or “GlobalX“) is pleased to announce that it has been approved to up-list from the OTC Pink® to the OTCQB® Venture Market, with its shares to commence trading on the exchange beginning Monday, December 7, 2020, under the symbol, “JETMF.” The shares will continue to be dual listed, trading on the TSX Venture Exchange under the symbol “JET.”

“Joining the OTCQB elevates GlobalX’s profile in the investment community, which we expect to improve liquidity and broaden our shareholder base,” said GlobalX’s Chair and CEO Ed Wegel. “It represents the next step in our capital and corporate development strategy, which is designed to build shareholder value as we continue with our charter airline build-out and certification process in the U.S.”

Operated by The OTC Markets, the OTCQB is the premier marketplace for entrepreneurial and development stage U.S. and international companies that are committed to providing a high-quality trading and information experience for U.S. investors. To be eligible, companies must be current in their financial reporting, pass a minimum bid price test, and undergo an annual company verification and management certification process.

About the OTCQB Venture Market

The OTCQB Venture Market is operated by OTC Markets Group, which also operates the OTCQX Best Market and the Pink Open Market, which collectively trades more than 10,000 U.S. and global securities. Through OTC Link ATS and OTC Link ECN, OTC Markets connects a diverse network of broker-dealers that provide liquidity and execution services. The platform enables investors to easily trade through the broker of their choice and empower companies to improve the quality of information available for investors.

For more information please visit https://www.otcmarkets.com

About Global Crossing Airlines

GlobalX is a new entrant airline now in FAA certification using the Airbus A320 family aircraft. Subject to FAA and DOT approvals, GlobalX intends to fly as an ACMI and wet lease charter airline serving the US, Caribbean and Latin American markets.

For more information please visit https://www.globalairlinesgroup.com/

For more information, please contact:

Ryan Goepel
EVP and CFO
Email: ryan.goepel@globalxair.com
Phone: 786.751.8503

or

Jeff Walker
Vice President
The Howard Group Inc.
Email: jeff@howardgroupinc.com
Tel: 403-221-0915
Toll Free: 1-888-221-0915

 

Cautionary Note Regarding Forward-Looking Information This news release contains “forward-looking information” concerning anticipated developments and events that may occur in the future. Forward-looking information contained in this news release includes, but is not limited to, statements with respect to the Company’s intention to fly as an ACMI and wet lease charter airline, the completion of the FAA certification process, the timelines for delivery of cargo and passenger aircraft, the use of proceeds of the drawdown and the creation of a cost efficient and performance focused airline.

In certain cases, forward-looking information can be identified by the use of words such as “plans”, “expects” “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or ” or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved” suggesting future outcomes, or other expectations, beliefs, plans, objectives, assumptions, intentions or statements about future events or performance. Forward-looking information contained in this news release is based on certain factors and assumptions regarding, among other things, the receipt of financing to commence airline operations, the accuracy, reliability and success of GlobalX’s business model; the timely receipt of governmental approvals; the timely commencement of operations by GlobalX and the success of such operations; the legislative and regulatory environments of the jurisdictions where GlobalX will carry on business or have operations; the impact of competition and the competitive response to GlobalX’s business strategy; and the availability of aircraft. While the Company considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect.

Forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include risks related to, the ability to obtain financing at acceptable terms, the impact of general economic conditions, domestic and international airline industry conditions, the impact of the global uncertainty created by COVID-19, future relations with shareholders, volatility of fuel prices, increases in operating costs, terrorism, pandemics, natural disasters, currency fluctuations, interest rates, risks specific to the airline industry, the ability of management to implement GlobalX’s operational strategy, the ability to attract qualified management and staff, labour disputes, regulatory risks, including risks relating to the acquisition of the necessary licenses and permits; and the additional risks identified in the “Risk Factors” section of the Company’s reports and filings with applicable Canadian securities regulators. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those described in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking information. The forward-looking information is made as of the date of this news release. Except as required by applicable securities laws, the Company does not undertake any obligation to publicly update any forward-looking information.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) has reviewed or accepts responsibility for the adequacy or accuracy of this release.

Source: Global Crossing Airlines

Release – Palladium One Mining (NKORF) – Discovers 4 Meters of Massive Magmatic Sulphides Near Surface at Tyko

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Palladium One Discovers 4 Meters of Massive Magmatic Sulphides, Near Surface, at Tyko

 

December 7, 2020 – Toronto, Ontario – Discovery success has been achieved with the first two drill holes of the 2020 Tyko drill program. At less than 30 meters true-depth, a 4-meter and a 2-meter wide drill intercept of massive magmatic sulphide was discovered at the Smoke Lake airborne electromagnetic (“EM”) target said Palladium One Mining (“Palladium One” or the “Company”) (TSXV: PDM, FRA: 7N11, OTC: NKORF) today.

  • Ground-based EM surveys have identified two near-surface, closely spaced conductors, the largest of which has a strike length of over 300 meters.
  • Hole TK-20-016 intersected 4 meters of massive magmatic sulphides from 29 to 33 meters down hole.
  • Hole TK-20-015, drilled from the same drill pad, intersected 2 meters of massive magmatic sulphides from 31 to 32 meters down hole.
  • Drone-based Magnetic (“Mag”) surveying has identified a strong Mag bullseye associated with soil anomalies (up to 565 ppm nickel and greater than 40 times background levels) representing the surface expression of the EM anomaly.
  • The initial drill holes along with new Mag and EM surveys suggest a shallow southwest dipping massive sulphide body which plunges to the west-northwest.

President and CEO, Derrick Weyrauch commented, “We are extremely pleased with the first two holes at Smoke Lake! This is the first occurrence of massive sulphides on the Tyko project. Given disseminated sulphides produced over 1% nickel in other zones on the project, we have high expectations for this new zone and are eagerly awaiting assay results.”

These are the first drill holes to test the Smoke Lake EM anomaly (see press release January 21, 2020). The 2020 field exploration program confirmed the soil anomaly and discovered nickel-copper sulphide mineralized boulders (up to 0.41% nickel) down ice of the EM anomaly (see press release November 18, 2020). Recent high-resolution dronebased magnetic and ground-based horizontal loop EM surveys further defined the anomaly resulting in the successful discovery of massive magmatic sulphides in the current drill program.

The lithologies in the first two holes closely resemble those found at both the Tyko and RJ showings, located 17- kilometers to the west, which have returned up to 1.06% Ni and 0.35% Cu over 6.22 m including 4.71% Ni and 0.82% Cu over 0.87m in hole TK-16-010 (see press release June 8, 2016).

Figure 1. Massive magmatic sulphide intersection in hole TK-20-016. Wall rock is tonalite.

Figure 2. Closeup of massive magmatic sulphide in hole TK-20-016

Figure 3. Closeup of massive magmatic sulphide in hole TK-20-016

Figure 4. Closeup of massive magmatic sulphide in hole TK-20-015

Figure 5. Plan map of the Smoke Lake area with 1st Vertical Mag as the background showing soil samples, as well as the axial traces of the two closely spaced ground based horizontal loop EM anomalies, and 2020 drill holes.

Figure 5. Cross section of the first two drill holes of the 2020 Smoke Lake drill program

About Tyko Ni-Cu-PGE Project

The Tyko Ni-Cu-PGE Project, is located approximately 65 kilometers northeast of Marathon Ontario, Canada. Tyko is an early stage, high sulphide tenor, nickel focused project with the most recent drill hole intercepts returning up to 1.06% Ni over 6.22 m including 4.71% Ni over 0.87m in hole TK-16-010 (see press release dated June 8, 2016).

Qualified Person

The technical information in this release has been reviewed and verified by Neil Pettigrew, M.Sc., P. Geo., Vice President of Exploration and a director of the Company and the Qualified Person as defined by National Instrument 43- 101.

About Palladium One

Palladium One Mining Inc. is an exploration company targeting district scale, platinum-group-element (PGE)-coppernickel deposits in Finland and Canada. Its flagship project is the Läntinen Koillismaa or LK Project, a palladiumdominant platinum group element-copper-nickel project in north-central Finland, ranked by the Fraser Institute as one of the world’s top countries for mineral exploration and development. Exploration at LK is focused on targeting disseminated sulfides along 38 kilometers of favorable basal contact and building on an established NI 43-101 open pit resource.

ON BEHALF OF THE BOARD
“Derrick Weyrauch”
President & CEO, Director

For further information contact:
Derrick Weyrauch, President & CEO
Email:
info@palladiumoneinc.com

Neither the TSX Venture Exchange nor its Market Regulator (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This press release is not an offer or a solicitation of an offer of securities for sale in the United States of America. The common shares of Palladium One Mining Inc. have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration.

Information set forth in this press release may contain forward-looking statements. Forward-looking statements are statements that relate to future, not past events. In this context, forward-looking statements often address a company’s expected future business and financial performance, and often contain words such as “anticipate”, “believe”, “plan”, “estimate”, “expect”, and “intend”, statements that an action or event “may”, “might”, “could”, “should”, or “will” be taken or occur, or other similar expressions. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, risks associated with project development; the need for additional financing; operational risks associated with mining and mineral processing; fluctuations in palladium and other commodity prices; title matters; environmental liability claims and insurance; reliance on key personnel; the absence of dividends; competition; dilution; the volatility of our common share price and volume; and tax consequences to Canadian and U.S. Shareholders. Forward-looking statements are made based on management’s beliefs, estimates and opinions on the date that statements are made and the Company undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change. Investors are cautioned against attributing undue certainty to forward-looking statements.

Source: Palladium One Mining Inc.

Schwazze (SHWZ) Historic – Vote, But What Does it Mean?

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Monday, December 07, 2020

Schwazze (SHWZ)
Historic Vote, But What Does it Mean?

Medicine Man Technologies, Inc. is now operating under its new trade name, Schwazze. Schwazze is executing its strategy to become a leading vertically integrated cannabis holding company with a portfolio consisting of top-tier licensed brands spanning cultivation, extraction, infused-product manufacturing, dispensary operations, consulting, and a nutrient line. Schwazze leadership includes Colorado cannabis leaders with proven expertise in product and business development as well as top-tier executives from Fortune 500 companies. As a leading platform for vertical integration, Schwazze is strengthening the operational efficiency of the cannabis industry in Colorado and beyond, promoting sustainable growth and increased access to capital, while delivering best-quality service and products to the end consumer. The corporate entity continues to be named Medicine Man Technologies, Inc.

Joe Gomes, Senior Research Analyst, Noble Capital Markets, Inc.

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

    Historic Vote. On Friday, the House of Representatives passed legislation that would decriminalize marijuana, mostly on party lines. This represents the first time a chamber of Congress has voted on federal marijuana decriminalization The MORE Act would remove marijuana from the Controlled Substances Act and eliminate criminal penalties for the manufacture, distribution, or possession, but would authorize a 5% sales tax on marijuana products. Significantly, the MORE Act also would solve the current banking and tax issues faced by the industry.

    U.N. Removes Cannabis from “Most Dangerous” Drug List. On Wednesday the UN Commission on Narcotic Drugs removed cannabis from its schedule of dangerous drugs, where had been for 59 years. This could accelerate global research into the medical and therapeutic potential of cannabis, which, if confirmed, could further push open the legalization door …



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. 

Vectrus (VEC) – New Business Momentum Continuing

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Monday, December 07, 2020

Vectrus (VEC)
New Business Momentum Continuing

Vectrus Inc is a U.S.-based company that provides services to the U.S. government. It operates as one segment and offer facility and logistics services and information technology and network communications services. The information technology and network communications capabilities consist of communications systems operations and maintenance, management and service support, systems installation and activation, system-of-systems engineering and software development, and mission support for the department of defense. The facility and logistics service include airfield management, ammunition management, civil engineering, communications, emergency services, life support activities, public works, security, transportation operations and others.

Joe Gomes, Senior Research Analyst, Noble Capital Markets, Inc.

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

    New Business. Vectrus continues to win new and expanded awards. Last week, the Department of Defense announced two new awards to the Company, one for work in Ft. Benning, Georgia, the other for work in Guantanamo Bay. We view the awards as further confirmation of Vectrus’ leadership position in the converged infrastructure market.

    Fort Benning.  On Friday, Vectrus was awarded a $35.5 million cost-plus-fixed-fee contract for logistics support services at Fort Benning, Georgia. This was a competitive bid with Vectrus beating out eight other bidders. Work will be performed in Chattahoochee, Georgia, with an estimated completion date of December 9, 2025. Fiscal 2021 operation and maintenance (Army) funds in the amount of $2.1 …



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. 

Great Lakes Dredge and Dock (GLDD) – Offshore Wind Plans Drive Expansion of Fleet Renewal

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Monday, December 07, 2020

Great Lakes Dredge & Dock (GLDD)
Offshore Wind Plans Drive Expansion of Fleet Renewal

Great Lakes Dredge & Dock Corp is a provider of dredging services in the United States. The company only’s operating segments is Dredging. Dredging involves the enhancement or preservation of navigability of waterways or the protection of shorelines through the removal or replenishment of soil, sand or rock. Its projects portfolio includes Coastal Restoration, Coastal Protection, Port expansion, and others.

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

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

    Fleet renewal program likely to include offshore wind dedicated equipment. Design/Engineering work started on rock dumper new build and FID on the $100-$120 million investment is expected by the end of 3Q2021. Late last week, GLDD announced that it is moving forward with the design and development of the first Jones Act inclined fallpipe vessel (rock dumper) for subsea rock installation to serve the developing US offshore wind market. Ulstein Design and Solution is the firm tasked with the design engineering of the state-of-the-art vessel, and delivery is slated in 1Q2024.

    Rock dumper barge adds to the existing hopper dredge new build and expands total investment program into the $200-$220 million range.  Option on second hopper dredge new build for $93 million adds optionality …



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. 

Is Brokerage Consolidation Creating a Need for Equity Research?

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The Disappearing Broker-Dealer Equity Analyst – Why it Hurts Investors

 

Stock research or equity analysis is an irreplaceable resource for investors to determine the fair stock price of a company.  The value of in-depth research is understood by large institutional investors such as mutual funds, pensions, and insurance companies, this is why they hire in-house stock analysts. Portfolio managers at these firms immerse themselves in information from a variety of trusted sources, they then get guidance from their own staff of highly compensated stock and industry analysts.

Covered Companies Continues to Shrink

The number of covered names analyzed by bulge bracket investment banks has been shrinking in recent years.  Company analysis and research are now primarily reserved for the most lucrative corporate customers with several high-profit banking relationships. This has been causing private investment advisors along with self-directed investors that had relied on the research of the followed companies to look for other in-depth institutional caliber research to review. The reduction in coverage of smaller worthwhile companies left many with either fewer firms covering them or completely orphaned. For a company, coverage by several firms is ideal – astute Investors and advisors weigh consistency among research analysts in their stock selection.

Ongoing consolidation within the broker dealer industry of firms including TD Ameritrade, Eaton Vance, E*Trade, Charles Schwab, Morgan Stanley and others is further shrinking the research available to investors. This is because  many of the firms folding into each other had overlapping covered equites. This follows years where these same broker dealers were reducing their research coverage.

The absence of one or more research firms regularly reporting on once covered companies is putting money managers in a position with fewer names to choose from. This is especially true of those professionals that make prudent use of Investment Policy Statements.

Investment Policy Statement (IPS)

Prudent investment management on behalf of others dictates an Investment Policy Statement. The Chartered Financial Analyst Institute (CFA) defines the role of the IPS as:

“The investment policy statement (IPS) serves as a strategic guide to the planning and implementation of an investment program. When implemented successfully, the IPS anticipates issues related to governance of the investment program, planning for appropriate asset allocation, implementing an investment program with internal and/or external managers, monitoring the results, risk management, and appropriate reporting.”

Two common elements of most IPS are the Limits on Investments and Relative
Constraints section. Within these sections it is not uncommon for the IPS to have wording which includes analyst rating at or above their mid-rating.  Or, in other cases it may require the average of at least three analyst ratings above or at the mid-point. Other language may allow investing down to the lowest rating but limit the total portfolio percentage in this category. If a company isn’t rated it may not be allowed in consideration. There are of course other possibilities that eliminate a stock from being purchased in order to comply with what was agreed upon with the client or trust agreement. The reduction in coverage of companies by firms, and fewer firms covering those companies, eliminates many that otherwise would be a fit. That they can’t be considered is not good for the investor or the company.  

Alternatives

Other research is filling the information gap made even wider by Wall Street. Independent research firms and boutique research-oriented investment banks are providing research on the stocks that have been left hanging by Wall Street. This means that independent research firms are becoming a primary source of information on a high percentage of publicly traded stocks. Some of this is subscription-based from investors. Another model which is gaining more prominence and acceptance is fee-based research where the cost of high caliber research is covered by the company itself. This model, often referred to as company-sponsored research is beginning to fill what would be a widening gap with broker dealer consolidations. It provides investors adhering to an IPS that would otherwise be required to exclude uncovered stocks the ability to consider them. The research also provides investors with details on company projections they would not have otherwise had for use in making decisions at no cost to the investor.  Public companies securing this service have additional benefit since, unlike subscription-based, the research is available to all. 

Company Sponsored vs. Promotional

It’s important to differentiate between unbiased fee-based research and research that is promotional. Objective fee-based research is similar to the role of your doctor. You pay a doctor not to tell you that you are well, but to give you his or her educated and truthful opinion of your condition.

Professional fee-based research is an objective analysis and opinion of a company’s investment potential. This is not to be confused with promotional write-ups. These write-ups are short on analysis, long on hype, and often written by marketers, not investment professionals.

Look for these characteristics to determine a research firm’s legitimacy:

  • They provide analytical, not promotional services
  • They are paid contractually in cash, (not any form of equity)  
  • They provide full and clear disclosure of the relationship between the company and the researcher

Some company-sponsored research firms have taken additional steps including requiring FINRA registrations  of its analysts to demonstrate a high level of understanding, promote ethical behavior, and subject the analyst and the firm to punishment including loss of career, if some guidelines are not adhered to. This additional step punctuates the ethics, diligence and authenticity under which the evaluations were conducted.

Companies That Would Benefit from Research:

  • Its shares may be undervalued because investors are not familiar with the company
  • It has fewer than two respected firms covering the name which may take it out of consideration by professionals
  • It believes that its story, financials, and management can withstand objective analysis

Take-Away

The visibility, credibility, and investability of a company hinge on investors recognizing and understanding the company. It also has to meet the criteria of the IPS of those firms it would like to attract. The company should also try to avoid tarnishing its reputation by not associating itself with hype masquerading as research.  Similarly, a research firm may have its own criteria for selecting which stocks they want to analyze.  Investors should make certain they are looking at high caliber research and not hyped marketing.  The need left by large broker dealers, both by reducing covered companies, and also by merging with  firms where there was a duplicate coverage situation  is being filled by company-sponsored research firms. Their value is becoming better understood as the best solution to the problems left by the large Wall Street houses.

Suggested Reading:

Is Company Sponsored Research the Future for Small-Cap Stock Investors?

Small Cap Stocks Can Increase Your Portfolio Diversification

Large and Small Cap Return Probabilities

 

Do You Know a Student  Interested in Equity Research?

They Could Win Up To $7,500 !

Tell them about the College Challenge!

 

Sources:

Elements of an Investment Policy for Institutional Investors

Elements of an Investment Policy for Individual Investors

Is the Small Firm Effect for Micro Caps Real?

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The Advantages of Micro Cap Equities for Investors

 

A micro cap stock is a publicly-traded company with, by most definitions, a total U.S. dollar value of outstanding shares valued between $50 million and $300 million. Micro cap companies have greater market capitalization than nano caps and less than small cap companies. The price of the stock itself does not indicate a company’s capitalization; for example, a company with shares trading at $2.50 and 25 million shares outstanding is larger than a company trading at $10 with 10 million outstanding shares.

The Small Firm Effect

A theory called “the small firm effect,” backed by empirical evidence, suggests there is a risk premium placed on smaller firms. The theory holds that the effect of this risk premium, perhaps coupled with larger management stakes in these small firms, on the group, allows smaller companies to outperform larger corporations over time.

The phenomenon has also been explained by the ability of smaller companies to have a sharper focus and the ability to be more nimble after seeing an opportunity or upcoming trends. While equity shares issued by smaller companies often experience more volatility, the small firm effect states that the opportunity to appreciate company shares may be superior versus those that are considered less risky and trade with less volatility.

Smaller firms are necessarily more streamlined and efficient. Their business model often dictates reducing waste and “dead-wood” employees.  This could put the smaller firms at a more competitive advantage when competing with larger firms within their space. A leaner, perhaps more simplistic model can also add to the company’s success in that decision making can be quicker with fewer people involved. A perceived opportunity in the marketplace can be capitalized on with little wasted motion, meetings, and memos. This translates to an increased ability to be first and be best. This allows capturing market share early and the momentum to hold onto and grow that market share even when the larger players step in to compete.

Investor Benefits

Small firms have been shown to have a positive impact on the potential returns of investors. While smaller companies lack the capital assets and distribution channels of large, deep-pocketed, and more established businesses, the ability to make decisions quickly on what might be a short-term event can add earnings to the bottom line. The earnings are a much more significant percentage of total revenue compared to larger firms. The effect over time is the shares of stock issued by smaller firms could rise as the increase in earnings are understood and known. The companies’ valuation would respond accordingly, as more deem them worthy of consideration for purchase as an investment. While investors have more volatility, the possible returns can often balance that risk and make allocations in select small cap stocks a good strategy for investors.

Many of the stocks that meet the definition of micro cap are not widely reported on and may even be lacking equity research coverage from reputable organizations. This lack of opportunity and being known can depress equity valuations as investors are less likely to take on assets they don’t clearly understand. Or understand on a surface level while trusting the expertise and regular reports of an industry analyst covering the company.

Take-Away

While the small firm effect is a theory that has been backed up with decades of both data and anecdotal reports, there are differences in thought on how to best measure it. The different measurements return different results. One large difficulty in quantifying data is the time frame. Suppose one looks at measurements on a year-to-year basis of companies that meet small capitalization criteria. In that case, each year may be excluding the greatest winners as they grow out of the definition. The same drawback to accuracy is on the downside, a study would also be eliminating those that dropped below the $50-$300 million set of companies.

The past year has brought tremendous focus on the performance of the most highly capitalized public companies. All of them were once micro cap and considered risky. These mega cap giants will all likely be dethroned one day by innovations coming about by companies that are barely on investors radar right now.

 

Suggested Reading:

Are Nano Cap Stocks Beneficial to Your Portfolio?

Financial Markets Lifted Household Wealth to Record Levels

Which Stocks Do Well After a Presidential Election

 

Do You Know a Student  Who Could Use $7,500 for College?

Tell them about the College Challenge!

Sources:

Correlation and Micro Cap Equities

Micro Cap Stocks, Investopedia

The Micro Cap Advantage

Release – Barksdale Resources (TSXV:BRO)(OTCQX:BRKCF) – Commences Trading On OTCQX

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Barksdale Commences Trading On OTCQX

 

VANCOUVER, BC / ACCESSWIRE / December 3, 2020 / Barksdale Resources Corp. (“Barksdale” or the “Company“) (TSXV:BRO)(OTCQX:BRKCF) is pleased to announce that its common shares will commence trading today on the OTCQX® Best Market in the United States under the symbol “BRKCF.” The company’s common shares will continue to trade on the TSX Venture Exchange under the symbol “BRO”.

Rick Trotman, Barksdale Chief Executive Officer stated: “Graduating to the OTCQX Best Market aligns well with our focus to both improve access and increase visibility of Barksdale to a broader base of U.S. investors. Our current and future shareholders will benefit from a larger and more effective platform.”

Barksdale Resources Corp. is a base metal exploration company headquartered in Vancouver, BC, that is focused on the acquisition, exploration and advancement of highly prospective base metal projects in North America. Barksdale is currently advancing the Sunnyside copper-zinc-lead-silver and San Antonio copper projects, both of which are in Patagonia mining district of southern Arizona, as well as the San Javier copper-gold project in central Sonora, Mexico.

ON BEHALF OF BARKSDALE RESOURCES CORP.

Rick Trotman
President, CEO and Director
Rick@barksdaleresources.com

Terri Anne Welyki
Vice President of Communications
778-238-2333

TerriAnne@barksdaleresources.com

For more information please phone 778-238-2333, email info@barksdaleresources.com or visit www.BarksdaleResources.com.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION: This news release includes “forward-looking information” under applicable Canadian securities legislation. Such forward-looking information reflects management’s current beliefs and are based on a number of estimates and assumptions made by and information currently available to the Company that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information. Readers are cautioned that such forward-looking information are neither promises nor guarantees, and are subject to known and unknown risks and uncertainties including, but not limited to, general business, economic, competitive, political and social uncertainties, uncertain and volatile equity and capital markets, lack of available capital, actual results of exploration activities, environmental risks, future prices of base and other metals, operating risks, accidents, labor issues, delays in obtaining governmental approvals and permits, and other risks in the mining industry. In addition, there is uncertainty about the spread of COVID-19 and the impact it will have on the Company’s operations, supply chains, ability to access mineral properties, conduct due diligence or procure equipment, contractors and other personnel on a timely basis or at all and economic activity in general. All forward-looking information contained in this news release is qualified by these cautionary statements and those in our continuous disclosure filings available on SEDAR at www.sedar.com. Accordingly, readers should not place undue reliance on forward-looking information. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.

SOURCE: Barksdale Resources Corp.

How Will the RCEP Impact U.S. Oil and Natural Gas?

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The RCEP Agreement Aligns Large Consumers and Producers of Energy While Excluding the U.S.

 

The Regional Comprehensive Economic Partnership agreement (RCEP) includes the world’s largest crude oil importer (China) and the largest liquified natural gas importers (Japan, China and South Korea). It also includes some of the largest oil and LNG exporters (Australia, Indonesia, and Malaysia). Increased energy trade activity among members leaves out the largest energy exporters; the United States, Saudi Arabia, and Russia.

On November 15, 2020, representatives of Australia, China, Japan, the Republic of Korea, New Zealand, and other countries signed the Regional Comprehensive Economic Partnership (RCEP) Agreement. RCEP will eliminate tariffs and quotas on over 65% of goods traded among the signing countries. It’s viewed as a significant step in stimulating the world’s economy which will counter a slowdown from the steps each country has taken related to COVID-19. The RCEP agreement covers a market of 2.2 billion people and 30% of the world’s GDP. India, an original participant in the deal negotiations, withdrew from the pact but is considering rejoining. The United States, representing the world’s largest economy, was not a participant in the agreement.

The agreement is viewed as negative news for U.S. oil producers. The U.S. has become the largest exporter of oil within the last few years. Most of U.S. domestic oil goes to Canada, with South Korea a close second. China was poised to become the largest importer of U.S. oil, that changed when tariff wars decreased trading activity with them. If Indonesia and Malaysia increase exports to China, South Korea, and Japan in response to the minimal tariffs, then U.S. oil exports may suffer.

 

Source: EIA

The U.S. natural gas market could be hurt even more than the oil market. In the last few years, companies have been building terminals to export domestic liquid natural gas (LNG). These terminals cost billions of dollars to construct and require decades of trade to reach breakeven.  Much of the LNG exported from the United States is routed to Asian countries. As the graph below shows, the country’s ability to export LNG has increased 1000% over the last five years but is running below full capacity because of the pandemic. If Australian LNG exports to China, South Korea, and Japan increase in response to lower tariffs, U.S. LNG exporters could be hurt by even more idle capacity.

 

 

Domestic energy producers are already feeling a strain due to decreased demand resulting from the pandemic and the resulting economic slowdown. Companies are working hard to reduce costs to remain competitive. Several have merged to reduce overhead. Others have cut drilling budgets. A further reduction in demand for oil and LNG from Asian countries would further exacerbate the problem.

 

Suggested Reading:

Are we headed to Another Oil Collapse?

Contango and the Known Risk to ETFs

Will Oil Prices Rise in 2021?

 

Do You Know a Student  Who Could Use $7,500 for College?

Tell them about the College Challenge!

 

Source:

https://finance.yahoo.com/news/world-largest-trade-pact-could-150000944.html, OilPrice, November 30, 2020

https://asean.org/asean-hits-historic-milestone-signing-rcep/, ASEASN.org, November 15, 2020

https://compressortech2.com/u-s-lng-exports-down-by-half-in-2020/, CompressorTech, June 23, 2020

 

 

Release – Chakana (CHKKF) – Releases new drill results from four holes at its high-grade copper-gold-silver Paloma West discovery

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Chakana Copper Intersects 12.2m of 5.76 g/t Au, 2.98% Cu, and 252 g/t Ag (13.61 g/t Au-Eq) from 21.6m at Paloma West, Soledad Project, Peru

 

Vancouver, B.C., December 3, 2020 – Chakana Copper Corp. (TSX-V: PERU; OTCQB: CHKKF; FRA: 1ZX) (the “Company” or “Chakana”), is pleased to release new drill results from four holes at its high-grade copper-gold-silver Paloma West discovery at the expanded Soledad Project in Ancash, Peru. These results are part of the ongoing Phase 3 drill program, a fully funded 15,000 metre drill program that started August 15, 2020. Phase 3 is testing a cluster of high-grade, gold-enriched tourmaline breccia pipe targets within the Paloma and Huancarama breccia complexes (Fig. 1). Sixteen holes have now been reported from the two Paloma targets for a total of 3,080 metres. Drilling is currently underway at Huancarama where ten holes have been completed thus far.

Mineralized intervals from these four holes at Paloma West include:

* Cu_eq and Au_eq values were calculated using copper, gold, and silver. Metal prices utilized for the calculations are Cu – US$2.90/lb, Au – US$1,300/oz, and Ag – US$17/oz. No adjustments were made for recovery as the project is an early stage exploration project and metallurgical data to allow for estimation of recoveries are not yet available. The formulas utilized to calculate equivalent values are Cu_eq (%) = Cu% + (Au g/t * 0.6556) + (Ag g/t * 0.00857) and Au_eq (g/t) = Au g/t + (Cu% * 1.5296) + (Ag g/t * 0.01307).

Summary information for results reported in this release; all holes were drilled from a platform on the southwest side of the exposed breccia pipe:

  • SDH20-145 – an additional intercept further down hole is reported with 8.1m of 0.28 g/t Au, 4.06% Cu, and 53.8 g/t Ag starting at 59.9m. This interval corresponds to a sulfide-tourmaline replacement structure with abundant chalcopyrite. The mineralized breccia intercept of 7.25 g/t Au, 10.2% Cu, and 163.5 g/t Ag over 10.7m from 32.4m was previously reported (see news release dated November 18, 2020).
  • SDH20-146 was drilled to determine the direction of the high-grade intercept in SDH20-145. This hole failed to intercept breccia on the west side of the breccia body.
  • SDH20-147 and SDH20-148 were drilled to the northeast and east-northeast, respectively (Figs. 2-3). SDH20- 147 intersected two zones of high-grade breccia, with the first zone averaging 5.76 g/t Au, 2.98% Cu, and 252 g/t Ag over 12.2m starting at 21.6m. The second zone averages 4.00 g/t Au, 1.99% Cu, and 37.2 g/t Ag over 5m starting at 50m. SDH20-148 intersected 34.7m of 0.28 g/t Au, 0.72% Cu, and 13.9 g/t Ag from 19.3m, including 6.7m with 0.44 g/t Au, 1.94% Cu, and 48.7 g/t Ag starting at 19.3m. Further down in SDH20-148 an intercept of 11.25m averages 0.36 g/t Au, 0.56% Cu, and 15.7 g/t Ag from 65m.

Examples of mineralized drill core from these holes are shown in Figure 4.

David Kelley, President and CEO commented, “these additional results confirm the consistent high-grade nature of mineralization at Paloma West. Drilling thus far has encountered a near-surface, high-grade zone of breccia that appears to be cylindrical in shape with an approximate diameter of 35m down to 100m depth below surface. Mineralization is open at depth and we look forward to chasing the mineralization deeper. Paloma West appears to be associated with a much larger breccia system that also includes Paloma East and several other targets in the Paloma area.”

Paloma Target Area

The Paloma target area consists of two mapped outcropping breccia pipes, Paloma East and Paloma West (Fig. 2) and at least one breccia dike. First-pass surface sampling encountered strongly anomalous gold at both Paloma breccia pipes as well as within several scattered small exposures of breccia and vein-like structures in the Paloma area.

About Chakana Copper

Chakana Copper Corp is a Canadian-based minerals exploration company that is currently advancing the high-grade gold-copper-silver Soledad Project located in the Ancash region of Peru, a highly favorable mining jurisdiction with supportive communities. The Soledad Project consists of high-grade gold-copper-silver mineralization hosted in tourmaline breccia pipes. A total of 31,641 metres of drilling has been completed to-date, testing eight (8) of twentythree (23) confirmed breccia pipes with more than 92 total targets. Chakana’s investors are uniquely positioned as the Soledad Project provides exposure to several metals including copper, gold, and silver. For more information on the Soledad project, please visit the website at www.chakanacopper.com.

Sampling and Analytical Procedures

Chakana follows rigorous sampling and analytical protocols that meet or exceed industry standards. Core samples are stored in a secured area until transport in batches to the ALS facility in Callao, Lima, Peru. Sample batches include certified reference materials, blank, and duplicate samples that are then processed under the control of ALS. All samples are analyzed using the ME-MS41 (ICP technique that provides a comprehensive multi-element overview of the rock geochemistry), while gold is analyzed by AA24 and GRA22 when values exceed 10 g/t by AA24. Over limit silver, copper, lead and zinc are analyzed using the OG-46 procedure. Soil samples are analyzed by 4-acid (ME-MS61) and for gold by Fire Assay on a 30g sample (Au-ICP21).

Results of previous drilling and additional information concerning the Project, including a technical report prepared in accordance with National Instrument 43-101, are made available on Chakana’s SEDAR profile at www.sedar.com.

Qualified Person

David Kelley, an officer and a director of Chakana, and a Qualified Person as defined by NI 43-101, reviewed and approved the technical information in this news release.

ON BEHALF OF THE BOARD
(signed) “David Kelley”
David Kelley
President and CEO

For further information contact:
Joanne Jobin, Investor Relations Officer
Phone: 647 964 0292
Email: jjobin@chakanacopper.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-looking Statement Advisory: This release may contain forward-looking statements. Forward-looking statements involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance, or achievements of Chakana to be materially different from any future results, performance, or achievements expressed or implied by the forward looking statements. Forward looking statements or information relates to, among other things, the interpretation of the nature of the mineralization at the Soledad copper-gold-silver project (the “Project”), the potential to expand the mineralization, and to develop and grow a resource within the Project, the planning for further exploration work, the ability to de-risk the potential exploration targets, and our belief in the potential for mineralization within unexplored parts of the Project. These forward-looking statements are based on management’s current expectations and beliefs but given the uncertainties, assumptions and risks, readers are cautioned not to place undue reliance on such forward- looking statements or information. The Company disclaims any obligation to update, or to publicly announce, any such statements, events or developments except as required by law.

Figure 1 – View looking north showing breccia pipes and occurrences within the northern Soledad cluster. Pipes that have been drilled in previous campaigns are shown in red. Targets shown in green are the focus on this 15,000m drill campaign. Other pipes and occurrences remain to be tested by drilling. Additional breccia pipes occur on the south half of the property and are not shown here.

Figure 2 – Map showing location of outcropping Paloma East and Paloma West breccia pipes and drill hole lithology in holes completed to date. Red represents tourmaline breccia. Location of section line for Figure 3 indicated.

Figure 3 – Section looking northwest showing the drill holes at Paloma West reported in this release. Light red 3D shape shows approximate shape of breccia based on the first nine holes.

SDH20-145 64.1m

SDH20-147 31.9m

SDH20-147 33.25m

SDH20-148 20.1m

SDH20-148 66.7m

Figure 4 – Detailed core photos from Paloma West: SDH20-145 (64.1m) chalcopyrite-pyrite-tourmaline replacement; SDH20-147 (31.9m) chaotic breccia with clasts replaced by chalcopyrite-pyrite; SDH20-147 (33.25m) chaotic breccia with clasts replaced by chalcopyrite-pyrite; SDH20-148 (20.1m) mosaic breccia with chalcopyrite-pyrite cement; F) SDH20-148 (66.7m) mosaic breccia with chalcopyrite-pyrite cement.

Newrange Gold (NRGOF)(NRG:CA) – Recent Drilling Reveals a New Gold Zone at Pamlico

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Wednesday, December 02, 2020

Newrange Gold (NRGOF)(NRG:CA)
Recent Drilling Reveals a New Gold Zone at Pamlico

As of April 24, 2020, Noble Capital Markets research on Newrange Gold is published under ticker symbols (NRGOF and NRG:CA). The price target is in USD and based on ticker symbol NRGOF. Research reports dated prior to April 24, 2020 may not follow these guidelines and could account for a variance in the price target.

Newrange Gold Corp is an exploration stage company focused on acquiring and exploring exploration and evaluation assets in Colombia and the United States. The Company operates in a single reportable operating segment-the acquisition, exploration, and development of mineral properties. Some of the projects acquired by the company are Pamlico gold project in Nevada and Rocky mountain project in Colorado. The company also holds an interest in the Yarumalito property, El Dovio property and Anori property in Colombia.

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.

    New gold zone discovered. Since beginning the drilling program in late May, Newrange has drilled 65 holes for a total of 6,538 meters. Newrange recently released assay results for 8 holes (P20-84 through P20-91), while 19 are still pending. In our view, the real story was Hole 91. The hole was drilled to test a near-surface target identified in an earlier IP geophysical survey near the historic Central and Sunset Mines and intersected 0.7 grams of gold per tonne over 18.3 meters, within a larger envelope of lower grade mineralization. A 213.4 meter interval from 122.0 meters at depth to the bottom of the hole at 335.4 meters revealed anomalous gold averaging 0.2 grams of gold per tonne. Management was able to identify a geochemical boundary where a higher-grade zone of gold mineralization was found below 115.9 meters at depth.

    Anomaly may lead the way to next big discovery.  The recent drilling included 2 holes (P20-90 and P20-91) on anomalies identified in an induced polarization (IP) survey. Of the two, Hole 91 was the most significant given that it tested the near-surface target and alteration zone near a large anomaly and contained the most consistent gold of any hole drilled to date. Management thinks the large …



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. 

Ayala Pharmaceuticals (AYLA) – Top NOTCH Targeting for Broad Oncology Indications, Initiating Coverage at Outperform

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Wednesday, December 02, 2020

Ayala Pharmaceuticals (AYLA)
Top NOTCH Targeting for Broad Oncology Indications, Initiating Coverage at Outperform

Ayala Pharmaceuticals Inc clinical-stage oncology company focused on developing and commercializing small molecule therapeutics for patients suffering from rare and aggressive cancers, primarily in genetically defined patient populations. The company’s current portfolio of product candidates, AL101 and AL102, targets the aberrant activation of the Notch pathway with gamma secretase inhibitors. Its product candidate, AL101, is being developed as a potent, selective, injectable small molecule gamma secretase inhibitor, or GSI. It is also developing AL101 for the treatment of T-ALL, an aggressive, rare form of T-cell specific leukemia.

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

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

    Clinical benefit in ACC patients. We initiate coverage on Ayala Pharmaceuticals (AYLA). Ayala’s assets, AL101 and AL102, are gamma-secretase inhibitors that hold promising potential in multiple oncology indications. Interim results from the ongoing Phase 2 clinical study (ACCURACY) of AL101 showed encouraging clinical activity (68% disease control rate) in patients with adenoid cystic carcinoma (ACC, rare cancer that predominantly arises within salivary glands). In our view, Ayala is the most advanced in the clinical for the treatment of ACC patients harboring NOTCH-activating mutations and holds Fast Track and Accelerated Approval Designations. We assume a straightforward regulatory process attributed to high unmet needs with limited current treatment options in this untapped market.

    Pipeline expansion offers substantial upside.  We believe further value to crack through the defenses of other oncology indications beyond ACC upon meaningful data. Plenty of value-unlocking catalysts should support the stock near-medium term including the commencement of three Phase 2 clinical studies in triple-negative breast cancer (TNBC, in Q4 2020), in desmoid tumors (in H1 2021), and in acute …



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. 

T1D-Day – The Beginning of the End; Close to a Cure – Panel Discussion Replay

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In 1988 Dr. Camillo Ricordi revolutionized a method of transplantation of islet cells (cells that produce insulin) which remains the gold standard for human pancreas processing today. The problem is, like with so many other types of transplantation, the body often rejects the new cells. All that could change with the introduction of this anti-rejection antibody – Novus Therapeutics, Inc. (NASDAQ:NVUS) – CD40/CD40L – FDA Phase II.

Join Dr. Ricordi and his world-class panel of experts who weigh-in on the likelihood of this medical breakthrough. They also look at what the future may hold for investors in the technology, and those who are considering an investment. It’s T1D-Day, with the hopeful surrender of this debilitating disease just around the corner.

Panelists: Dr. Camillo Ricordi, Director of the Diabetes Research Institute at the University of Miami School of Medicine – Ranked as the World Leader in Islet Cell Transplant

Dr. James Markmann, Chief of the Division of Transplant Surgery and Director of Clinical Operations at the Transplant Center at Massachusetts General Hospital, and the Claude Welch Professor of Surgery at Harvard Medical School

Dr. Norma Sue Kenyon, Martin Kleiman Professor of Surgery, Microbiology and Immunology and Biomedical Engineering, Vice Provost for Innovation

Dr. David Gros, Chief Executive Officer Novus Therapeutics

Dr. Steven Perrin, President & CSO, Novus Therapeutics.