Month: June 2021

Indonesia Energy Corporation Successfully Completes the Drilling of First New Well at Kruh Block to Final Total Depth

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Indonesia Energy Corporation Successfully Completes the Drilling of First New Well at Kruh Block to Final Total Depth

 

IEC Will Now Conduct Logging and Production Testing

JAKARTA, INDONESIA and DANVILLE, CA / ACCESSWIRE / June 4, 2021 / Indonesia Energy Corporation (NYSE American:INDO) (“IEC”), an oil and gas exploration and production company focused on Indonesia, today announced that it has successfully completed the drilling of its first new well at its Kruh Block (known as “Kruh 25”) to its final total depth.

The Kruh 25 well was drilled to a depth of 3,368 feet. The going forward program will be to now conduct wireline logging operations on the well (which has already commenced) which should last approximately one week, and then perforation will take place on the well to test production rates. IEC expects these final operations on the well to be completed in about 20 days. Accordingly, IEC will now plan to hold its previously announced Investor Conference call on the well results during the week of June 28, 2021.

Mr. Frank Ingriselli, IEC’s President, commented, “We are excited that our first of our three anticipated back-to-back wells at the Kruh Block has reached total depth and logging and production testing will now commence. IEC’s three back-to-back well drilling campaign is targeted to significantly grow our cash flow as we seek to maximize returns on our investments and grow shareholder value.”

IEC also notes the recently issued equity research coverage on the company by Noble Capital Markets and Stonegate Capital Partners. Links to these research reports can be found under the investor tab on IEC’s website: www.indo-energy.com

Readers are cautioned that all reports on IEC prepared by analysts represent the views of such analysts only and are not necessarily those of IEC. IEC is not responsible for the content or accuracy of any information provided by analysts.

About Indonesia Energy Corporation Limited
Indonesia Energy Corporation Limited (NYSE American:INDO) is a publicly traded energy company engaged in the acquisition and development of strategic, high growth energy projects in Indonesia. IEC’s principal assets are its Kruh Block (63,000 acres) located onshore on the Island of Sumatra in Indonesia and its Citarum Block (1,000,000 acres) located onshore on the Island of Java in Indonesia. IEC is headquartered in Jakarta, Indonesia and has a representative office in Danville, California. For more information on IEC, please visit www.indo-energy.com.

Cautionary Statement Regarding Forward-Looking Statements
All statements in this press release of Indonesia Energy Corporation Limited (“IEC”) and its representatives and partners that are not based on historical fact are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 and the provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the “Acts”). In particular, when used in the preceding discussion, the words “estimates,” “believes,” “hopes,” “expects,” “intends,” “on-track”, “plans,” “anticipates,” or “may,” and similar conditional expressions are intended to identify forward-looking statements within the meaning of the Acts and are subject to the safe harbor created by the Acts. Any statements made in this news release other than those of historical fact, about an action, event or development, are forward-looking statements. While management has based any forward-looking statements contained herein on its current expectations, the information on which such expectations were based may change. These forward-looking statements rely on a number of assumptions concerning future events and are subject to a number of risks, uncertainties, and other factors, many of which are outside of the IEC’s control, that could cause actual results (including the results of IEC’s drilling activities at Kruh Block as described herein) to materially and adversely differ from such statements. Such risks, uncertainties, and other factors include, but are not necessarily limited to, those set forth in the Risk Factors section of the Company’s annual report on Form 20-F for the fiscal year ended December 31, 2020 filed on May 17, 2021 with the Securities and Exchange Commission (SEC). Copies are of such documents are available on the SEC’s website, www.sec.gov. IEC undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

Company Contact:
Frank C. Ingriselli
President, Indonesia Energy Corporation Limited
Frank.Ingriselli@Indo-Energy.com

SOURCE: Indonesia Energy Corporation Limited

Should Investors Listen to Influencers?

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FinTok and ‘Finfluencers’ are on the Rise: 3 Tips to Assess if Their Advice Has Value

 

Queenie Tan is full of financial advice. Whether it is cheap date ideas, buying furniture, saving your first $100,000, doing your tax return or investing in Dogecoin, there is seemingly no topic the 24-year-old Sydney woman can’t confidently tackle.

Her posts and videos have gained her 15,000 followers on Instagram and 42,000 followers on TikTok. Her explainer on Australian tax rules for cryptocurrency capital gains has been viewed more than 360,000 times. Her tips for first home buyers more than 400,000 times. Both videos last less than a minute.

 

This article was republished with permission
from The Conversation, a news site dedicated to sharing ideas
from academic experts.  It was written by and represents the thoughts of
Australian Senior Lecturer in Finance Angel Zhong of RMIT University,
AU.

 

Queenie’s qualifications as a financial expert are slim. She has worked as a marketing manager. She says she accumulated close to A$350,000 in assets in five years. That, along with being photogenic and vivacious, is more than enough to join the swelling ranks of “finfluencers” – social media content creators building an audience through dispensing financial advice.

Becoming a finfluencer can be highly lucrative. On TikTok the hashtag #FinTok has been viewed more than 340 million times. Among the top FinTok elite is Californian Stephen Chen, a former maths teacher turned “financial freedom coach” with close to 780,000 followers. Another is Sara Rosalia, a Canadian teenager who as “Sara Finance” has attracted more than 670,000 followers.

Aspiring influencers are also finding financial content a successful formula on Youtube, Twitter and Reddit.

But as lucrative as this trend may be for those who make it to the top of the finfluencer money tree, the gains for followers are far less certain. It is the wild west for financial information, with few of the checks and balances that regulate other areas of financial advice.

 

Driving Trading Frenzies

Cryptocurrency trading platform Plaxful analysed 1,212 videos from a sample of 50 popular finance-focused TikTok accounts in 2020. It rated 14% of them as misleading. This included, without disclosures or disclaimers, encouraging users to buy specific assets and implying an investment would guarantee a profit.

 

 

In recent months we’ve seen just how influential social media can be in encouraging people to buy or sell particular stocks.

There was the Gamestop trading frenzy, in which stocks of a video game retailer surged from US$19 to US$347 in less than two weeks, driven by Redditors and helped along by tweets from Elon Musk.

Musk’s twittering has also been instrumental in boosting the price of Dogecoin and sending Bitcoin’s price both up and down.

A social media influencer at their best will build an audience through solid financial advice. But they can also build an audience by making sensational claims about their advice, promising huge returns and even pushing dud products.

 

Other Financial Advice is Regulated

The Australian Securities and Investments Commission says complaints about unlicensed financial advice, including through social media, have been escalating since March 2020 – the beginning of the COVID-19 pandemc. The corporate regulator has expressed its concern about such advice because consumers lack any legal protection.

In Australia (as elsewhere), there are laws regulating the conduct of those running financial advice businesses. Advisers must be licensed. Touting yourself as a financial adviser without a licence can lead to a fine up to A$133,200 and a prison sentence of up to five years.

Qualifying for a licence requires completing courses and passing exams, including on ethics.

To become a finfluencer, on the other hand, requires no specific expertise whatsoever. At most content creators are bound by general rules against false and misleading claims, platform guidelines and marketing codes of practice requiring paid partnerships to be disclosed.

 

Like the Bloke at the Pub?

Despite this, the Austalian government has signalled it sees no need to do more to regulate finfluencers. The federal minister for financial services and the digital economy, Jane Hume, last week described them as “an inevitable part of a financial ecosystem”. She explained:

The TikTok influencer spruiking Nokia is not that different to
the bloke down at the pub who wants to tell you all about the really great
company he just invested in — but with a much louder voice.

“Some of the information on online forums would be bad, she said, “but some of it will be good, and a lot of it will better engage younger generations in investment and financial markets.”

These are rather simplistic things for a minister in charge of the digital economy to say.

The bloke at the pub, for one thing, does not make money from his talk.

Social media influencers do. Take Youtube as an example. If they can attract a big enough audience, content creators can earn money through advertisements, affiliated links, sponsored content and selling branded merchandise. They can potentially profit by touting stocks they own, or be paid to promote some product.


Three Tips to Assess Finfluencers

This is not to say all finfluencers are suspect. Their advice, such as Queenie Tan’s tips on saving money, may be very sensible. They wouldn’t be popular if there wasn’t a demand for accessible financial information that itself doesn’t cost a fortune.

So here are my free three tips, if you love #fintok, to assess the credibility of an influencer and their advice.

First, don’t assume a large number of followers makes someone worth following. Popularity doesn’t equal credibility. Look at their background and educational qualifications. You don’t need a degree to get rich, but there should be some sort of evidence for their claims to be someone worth listening to.

Second, why are they sharing their secrets with you for free? The Chinese philosopher Lao-tzu is credited with saying: “Those who know do not tell”. This is as true now as in the 6th century. If an influencer really has some strategy to beat the market, why are they on social media telling everyone about it? Anyone touting a particular stock or product or strategy should be treated with suspicion.

Third, be wary of anyone promoting a get-rich-quick scheme. Yes, it is possible to make huge returns on an initial investment. But such windfall gains are the exception rather than the rule.

Any influencer telling you to emulate their secrets of success probably isn’t telling you the full truth unless they are also advising you to try your luck as a finfluencer.

 

Suggested Reading:

Is Zero Trust Architecture Enough

How Much is a Trillion?



What is the Future of Entertainment Consumption?

Inflations Impact on Stocks, Four Scenarios

 

Stay up to date. Follow us:

           


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Should Investor’s Listen to Influencers?

Posted on by Admin


FinTok and ‘Finfluencers’ are on the Rise: 3 Tips to Assess if Their Advice Has Value

 

Queenie Tan is full of financial advice. Whether it is cheap date ideas, buying furniture, saving your first $100,000, doing your tax return or investing in Dogecoin, there is seemingly no topic the 24-year-old Sydney woman can’t confidently tackle.

Her posts and videos have gained her 15,000 followers on Instagram and 42,000 followers on TikTok. Her explainer on Australian tax rules for cryptocurrency capital gains has been viewed more than 360,000 times. Her tips for first home buyers more than 400,000 times. Both videos last less than a minute.

 

This article was republished with permission
from The Conversation, a news site dedicated to sharing ideas
from academic experts.  It was written by and represents the thoughts of
Australian Senior Lecturer in Finance Angel Zhong of RMIT University,
AU.

 

Queenie’s qualifications as a financial expert are slim. She has worked as a marketing manager. She says she accumulated close to A$350,000 in assets in five years. That, along with being photogenic and vivacious, is more than enough to join the swelling ranks of “finfluencers” – social media content creators building an audience through dispensing financial advice.

Becoming a finfluencer can be highly lucrative. On TikTok the hashtag #FinTok has been viewed more than 340 million times. Among the top FinTok elite is Californian Stephen Chen, a former maths teacher turned “financial freedom coach” with close to 780,000 followers. Another is Sara Rosalia, a Canadian teenager who as “Sara Finance” has attracted more than 670,000 followers.

Aspiring influencers are also finding financial content a successful formula on Youtube, Twitter and Reddit.

But as lucrative as this trend may be for those who make it to the top of the finfluencer money tree, the gains for followers are far less certain. It is the wild west for financial information, with few of the checks and balances that regulate other areas of financial advice.

 

Driving Trading Frenzies

Cryptocurrency trading platform Plaxful analysed 1,212 videos from a sample of 50 popular finance-focused TikTok accounts in 2020. It rated 14% of them as misleading. This included, without disclosures or disclaimers, encouraging users to buy specific assets and implying an investment would guarantee a profit.

 

 

In recent months we’ve seen just how influential social media can be in encouraging people to buy or sell particular stocks.

There was the Gamestop trading frenzy, in which stocks of a video game retailer surged from US$19 to US$347 in less than two weeks, driven by Redditors and helped along by tweets from Elon Musk.

Musk’s twittering has also been instrumental in boosting the price of Dogecoin and sending Bitcoin’s price both up and down.

A social media influencer at their best will build an audience through solid financial advice. But they can also build an audience by making sensational claims about their advice, promising huge returns and even pushing dud products.

 

Other Financial Advice is Regulated

The Australian Securities and Investments Commission says complaints about unlicensed financial advice, including through social media, have been escalating since March 2020 – the beginning of the COVID-19 pandemc. The corporate regulator has expressed its concern about such advice because consumers lack any legal protection.

In Australia (as elsewhere), there are laws regulating the conduct of those running financial advice businesses. Advisers must be licensed. Touting yourself as a financial adviser without a licence can lead to a fine up to A$133,200 and a prison sentence of up to five years.

Qualifying for a licence requires completing courses and passing exams, including on ethics.

To become a finfluencer, on the other hand, requires no specific expertise whatsoever. At most content creators are bound by general rules against false and misleading claims, platform guidelines and marketing codes of practice requiring paid partnerships to be disclosed.

 

Like the Bloke at the Pub?

Despite this, the Austalian government has signalled it sees no need to do more to regulate finfluencers. The federal minister for financial services and the digital economy, Jane Hume, last week described them as “an inevitable part of a financial ecosystem”. She explained:

The TikTok influencer spruiking Nokia is not that different to
the bloke down at the pub who wants to tell you all about the really great
company he just invested in — but with a much louder voice.

“Some of the information on online forums would be bad, she said, “but some of it will be good, and a lot of it will better engage younger generations in investment and financial markets.”

These are rather simplistic things for a minister in charge of the digital economy to say.

The bloke at the pub, for one thing, does not make money from his talk.

Social media influencers do. Take Youtube as an example. If they can attract a big enough audience, content creators can earn money through advertisements, affiliated links, sponsored content and selling branded merchandise. They can potentially profit by touting stocks they own, or be paid to promote some product.


Three Tips to Assess Finfluencers

This is not to say all finfluencers are suspect. Their advice, such as Queenie Tan’s tips on saving money, may be very sensible. They wouldn’t be popular if there wasn’t a demand for accessible financial information that itself doesn’t cost a fortune.

So here are my free three tips, if you love #fintok, to assess the credibility of an influencer and their advice.

First, don’t assume a large number of followers makes someone worth following. Popularity doesn’t equal credibility. Look at their background and educational qualifications. You don’t need a degree to get rich, but there should be some sort of evidence for their claims to be someone worth listening to.

Second, why are they sharing their secrets with you for free? The Chinese philosopher Lao-tzu is credited with saying: “Those who know do not tell”. This is as true now as in the 6th century. If an influencer really has some strategy to beat the market, why are they on social media telling everyone about it? Anyone touting a particular stock or product or strategy should be treated with suspicion.

Third, be wary of anyone promoting a get-rich-quick scheme. Yes, it is possible to make huge returns on an initial investment. But such windfall gains are the exception rather than the rule.

Any influencer telling you to emulate their secrets of success probably isn’t telling you the full truth unless they are also advising you to try your luck as a finfluencer.

 

Suggested Reading:

Is Zero Trust Architecture Enough

How Much is a Trillion?



What is the Future of Entertainment Consumption?

Inflations Impact on Stocks, Four Scenarios

 

Stay up to date. Follow us:

           


Stay up to date. Follow us:

How does the Gates Buffett Natrium Reactor Work?

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image credit: TerraPower.com


The Bill Gates / Warren Buffett Natrium Reactor Risks and Benefits

 

Small reimagined nuclear reactors, redesigned from the ground up, powered by radioactive materials using a different process from traditional reactors, will be built near the capital of Wyoming. This according to an announcement yesterday.  Some regard the design of the first planned natrium reactor to be built by Bill Gates’ TerraPower and Warren Buffett’s PacifiCorp as the critical carbon-free technology for the future. The expectation is that nuclear, at an accelerated pace, will replace coal and other fossil fuels as the power source to fill the gaps left open when relying solely on wind and solar.

 

What is a Natrium Reactor?

Natrium technology uses what they call a “sodium-cooled fast reactor”(SFR) to produce heat. With this new technology, the heat can be used to generate electricity immediately or stored in thermal containers for long periods. This ability to store energy as heat, allows the reactor to operate at a steady rate without needing to inefficiently ramp up generating power or reduce it depending on demand.

The reactors use molten sodium as a coolant which allows them to run 24/7 at 100% power. When demand is low, heat is saved for later use; when demand is high, between the saved heat and immediate generating capacity, the plant output can produce 150% of the immediate generating capacity. This allows utilities to operate smaller plants because they more efficiently manage fluctuating needs. Electricity needs fluctuate based on time of day, time of year, and for a solar and wind-based grid, weather.

 

Risk/Reward Profile of Natrium Reactors

Natrium reactors or sodium-cooled fast reactors are a fairly new concept designed to address concerns over atmospheric carbon emitted by conventional power plants. Sodium is the sixth-most abundant element on the planet. Hot molten sodium will allow nuclear fuel to be more fully consumed which virtually eliminates the need for storing spent fuel. It also creates a situation where uranium/plutonium reactors could power the world’s needs for thousands of years.

While using less fuel and using it more completely (which lowers plant costs) are major breakthroughs in the nuclear power industry, some onlookers have different concerns over safety. The decade that passed since the raw-water cooled Fukushima disaster quickly halted plans for new uranium-powered plants across the globe. This caused a rush for a redesign. Wyoming will experience the benefits of this work seven years from now when the plant is operational. 

Critics of sodium-cooled reactors have a big concern which anyone who remembers high school chemistry can comprehend. Pure sodium (Na) plus water H2O causes an exothermic reaction. It bursts into flames. Proponents fear that many of the current safety concerns over nuclear power are addressed with the SFR design, but this new element of danger is concerning and will require extreme safety measures.

 

Take-Away

The U.S. is entering a new nuclear age with redesigned, more efficient, and lower waste reactors. The joint project by TerraPower founded by Bill Gates and Warren Buffett’s PacifiCorp is a 345 megawatt sodium-cooled fast reactor with molten salt-based energy storage designed to solve peak and trough energy demand.

The redesign is not without its proponents and risks. One key concern is the use of molten sodium which provides the design its key functionality, which could, if not kept moisture free, be an extreme fire hazard.


Suggested Reading:

Recipe for Higher Uranium Prices

The Increasing Popularity of Uranium Investments



How does Uranium Fit into the ESG Landscape?

Is the Future of Nuclear Small Modular Reactors?

 

Sources:

https://www.scientificamerican.com/article/can-sodium-save-nuclear-power/

https://natriumpower.com/#:~:text=Generation%20IV%20non%2Dlight%20water,to%20close%20the%20fuel%20cycle.

https://www.discovermagazine.com/environment/nuclear-technology-abandoned-decades-ago-might-give-us-safer-smaller-reactors

https://natriumpower.com/#:~:text=The%20Natrium%20technology’s%20reactor%20creates,peaks%20or%20renewables%20are%20unavailable.

http://www.xinhuanet.com/english/northamerica/2021-06/04/c_139988712.htm

https://www.terrapower.com/

 

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QuickChek – June 4, 2021

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Indonesia Energy Corporation Successfully Completes the Drilling of First New Well at Kruh Block to Final Total Depth

Indonesia Energy announced that it has successfully completed the drilling of its first new well at Kruh Block (known as “Kruh 25”) to its final total depth

Research, News & Market Data on Indonesia Energy

Watch recent presentation from Indonesia Energy



Bunker Hill Mining Announces Filing of PEA Technical Report

Bunker Hill Mining announced filing of an independent Preliminary Economic Assessment for the Bunker Hill Mine in the world-class Silver Valley region of Idaho, USA

Research, News & Market Data on Bunker Hill Mining



Neovasc Inc. Reports Results of Annual General Meeting of Shareholders

Neovasc announced the results of the votes on matters considered at its Annual General Meeting of Shareholders held on June 3, 2021 in Vancouver, B.C.

Research, News & Market Data on Neovasc



Comtech Telecommunications Corp. Announces First International 5G Location Services Contract with a Tier-One Carrier

Comtech Telecommunications announced that during Q3 of fiscal 2021, its Location Technologies group was awarded its first international 5G location services contract with a leading tier-one mobile network operator in Australia

Research, News & Market Data on Comtech

Watch recent presentation from NobleCon17



Capstone Green Energy Corporation Signs 10-Year Comprehensive Service Contract On 2 MWs Installed In Mexico

Capstone Green Energy announced that DTC Ecoenergía, a Capstone distributor for Mexico, signed a new 10-year Factory Protection Plan service contract for two Capstone Signature Series C1000S systems installed in Mexico

Research, News & Market Data on Capstone Green Energy

Watch recent presentation from Capstone

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Bunker Hill Mining Announces Filing Of PEA Technical Report

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Bunker Hill Mining Announces Filing Of PEA Technical Report

 

TORONTO, June 04, 2021 (GLOBE NEWSWIRE) — Bunker Hill Mining Corp. (the “Company”) (CSE: BNKR) is pleased to announce filing of an independent Preliminary Economic Assessment (“PEA”) for the Bunker Hill Mine in the world-class Silver Valley region of Idaho, USA.

The report, dated June 4, 2021 and entitled, “NI 43-101 Technical Report and Preliminary Economic Assessment of the Bunker Hill Mine”, was prepared in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”).

Bunker Hill’s news release dated April 20, 2021 (entitled “ Bunker Hill Announces Robust Restart PEA: $101M NPV, 46% IRR, 2.5 Year Payback, $42M Initial Capex, $20M Average Annual FCF Over 10 Years ”) summarizes key results, assumptions and estimates contained in the PEA. The Company is pleased to report there are no material differences between the key results, assumptions and estimates contained in the PEA and this news release.

The PEA is available on our website at www.bunkerhillmining.com and has been filed on SEDAR under the Company’s issuer profile at www.sedar.com .

QUALIFIED PERSON

Mr. Scott E. Wilson, CPG, President of RDA and a consultant to the Company, is an independent “qualified person” as defined by NI 43-101 and is acting as the qualified person for the Company. He has reviewed and approved the technical information summarized in this news release.

ABOUT BUNKER HILL MINING CORP.

Under new Idaho-based leadership, the Bunker Hill Mining Corp. intends to sustainably restart and develop the Bunker Hill Mine as the first step in consolidating a portfolio of North American precious-metal assets with a focus on silver. Information about the Company is available on its website, www.bunkerhillmining.com, or within the SEDAR and EDGAR databases.

For additional information contact: ir@bunkerhillmining.com

Cautionary Statements

Certain statements in this news release are forward-looking and involve a number of risks and uncertainties. Such forward-looking statements are within the meaning of that term in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, as well as within the meaning of the phrase ‘forward-looking information” in the Canadian Securities Administrators’ National Instrument 51-102 – Continuous Disclosure Obligations. Forward-looking statements are not comprised of historical facts. Forward-looking statements include estimates and statements that describe the Company’s future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as “believes”, “anticipates”, “expects”, “estimates”, “may”, “could”, “would”, “will”, or “plan”. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to the Company, the Company provides no assurance that actual results will meet management’s expectations. Risks, uncertainties and other factors involved with forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward looking information in this news release includes, but is not limited to, the Company’s intentions regarding its objectives, goals or future plans and statements. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to: the ability to predict and counteract the effects of COVID-19 on the business of the Company, including but not limited to the effects of COVID-19 on the price of commodities, capital market conditions, restriction on labour and international travel and supply chains; failure to identify mineral resources; failure to convert estimated mineral resources to reserves; the inability to complete a feasibility study which recommends a production decision; the preliminary nature of metallurgical test results; delays in obtaining or failures to obtain required governmental, environmental or other project approvals; political risks; changes in equity markets; uncertainties relating to the availability and costs of financing needed in the future; the inability of the Company to budget and manage its liquidity in light of the failure to obtain additional financing, including the ability of the Company to complete the payments pursuant to the terms of the agreement to acquire the Bunker Hill Mine Complex; inflation; changes in exchange rates; fluctuations in commodity prices; delays in the development of projects; capital, operating and reclamation costs varying significantly from estimates and the other risks involved in the mineral exploration and development industry; and those risks set out in the Company’s public documents filed on SEDAR. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. 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, other than as required by law. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

Cautionary Note to United States Investors Concerning Estimates of Measured, Indicated and Inferred Resources

This press release has been prepared in accordance with the requirements of the securities laws in effect in Canada, which differ from the requirements of U.S. securities laws. Unless otherwise indicated, all resource and reserve estimates included in this press release have been disclosed in accordance with NI 43-101 and the Canadian Institute of Mining, Metallurgy, and Petroleum Definition Standards on Mineral Resources and Mineral Reserves. NI 43-101 is a rule developed by the Canadian Securities Administrators which establishes standards for all public disclosure an issuer makes of scientific and technical information concerning mineral projects. Canadian disclosure standards, including NI 43-101, differ significantly from the requirements of the United States Securities and Exchange Commission (“SEC”), and resource and reserve information contained in this press release may not be comparable to similar information disclosed by U.S. companies. In particular, and without limiting the generality of the foregoing, the term “resource” does not equate to the term “reserves”. Under U.S. standards, mineralization may not be classified as a “reserve” unless the determination has been made that the mineralization could be economically and legally produced or extracted at the time the reserve determination is made. The SEC’s disclosure standards normally do not permit the inclusion of information concerning “measured mineral resources”, “indicated mineral resources” or “inferred mineral resources” or other descriptions of the amount of mineralization in mineral deposits that do not constitute “reserves” by U.S. standards in documents filed with the SEC. Investors are cautioned not to assume that any part or all of mineral deposits in these categories will ever be converted into reserves. U.S. investors should also understand that “inferred mineral resources” have a great amount of uncertainty as to their existence and great uncertainty as to their economic and legal feasibility. It cannot be assumed that all or any part of an “inferred mineral resource” will ever be upgraded to a higher category. Investors are cautioned not to assume that all or any part of an “inferred mineral resource” exists or is economically or legally mineable. Disclosure of “contained ounces” in a resource is permitted disclosure under Canadian regulations; however, the SEC normally only permits issuers to report mineralization that does not constitute “reserves” by SEC standards as in-place tonnage and grade without reference to unit measures. The requirements of NI 43-101 for disclosure of “reserves” are also not the same as those of the SEC, and reserves disclosed by the Company in accordance with NI 43-101 may not qualify as “reserves” under SEC standards. Accordingly, information concerning mineral deposits contained in our website may not be comparable with information made public by companies that report in accordance with U.S. standards.

Release – Bunker Hill Mining Announces Filing Of PEA Technical Report

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Bunker Hill Mining Announces Filing Of PEA Technical Report

 

TORONTO, June 04, 2021 (GLOBE NEWSWIRE) — Bunker Hill Mining Corp. (the “Company”) (CSE: BNKR) is pleased to announce filing of an independent Preliminary Economic Assessment (“PEA”) for the Bunker Hill Mine in the world-class Silver Valley region of Idaho, USA.

The report, dated June 4, 2021 and entitled, “NI 43-101 Technical Report and Preliminary Economic Assessment of the Bunker Hill Mine”, was prepared in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”).

Bunker Hill’s news release dated April 20, 2021 (entitled “ Bunker Hill Announces Robust Restart PEA: $101M NPV, 46% IRR, 2.5 Year Payback, $42M Initial Capex, $20M Average Annual FCF Over 10 Years ”) summarizes key results, assumptions and estimates contained in the PEA. The Company is pleased to report there are no material differences between the key results, assumptions and estimates contained in the PEA and this news release.

The PEA is available on our website at www.bunkerhillmining.com and has been filed on SEDAR under the Company’s issuer profile at www.sedar.com .

QUALIFIED PERSON

Mr. Scott E. Wilson, CPG, President of RDA and a consultant to the Company, is an independent “qualified person” as defined by NI 43-101 and is acting as the qualified person for the Company. He has reviewed and approved the technical information summarized in this news release.

ABOUT BUNKER HILL MINING CORP.

Under new Idaho-based leadership, the Bunker Hill Mining Corp. intends to sustainably restart and develop the Bunker Hill Mine as the first step in consolidating a portfolio of North American precious-metal assets with a focus on silver. Information about the Company is available on its website, www.bunkerhillmining.com, or within the SEDAR and EDGAR databases.

For additional information contact: ir@bunkerhillmining.com

Cautionary Statements

Certain statements in this news release are forward-looking and involve a number of risks and uncertainties. Such forward-looking statements are within the meaning of that term in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, as well as within the meaning of the phrase ‘forward-looking information” in the Canadian Securities Administrators’ National Instrument 51-102 – Continuous Disclosure Obligations. Forward-looking statements are not comprised of historical facts. Forward-looking statements include estimates and statements that describe the Company’s future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as “believes”, “anticipates”, “expects”, “estimates”, “may”, “could”, “would”, “will”, or “plan”. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to the Company, the Company provides no assurance that actual results will meet management’s expectations. Risks, uncertainties and other factors involved with forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward looking information in this news release includes, but is not limited to, the Company’s intentions regarding its objectives, goals or future plans and statements. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to: the ability to predict and counteract the effects of COVID-19 on the business of the Company, including but not limited to the effects of COVID-19 on the price of commodities, capital market conditions, restriction on labour and international travel and supply chains; failure to identify mineral resources; failure to convert estimated mineral resources to reserves; the inability to complete a feasibility study which recommends a production decision; the preliminary nature of metallurgical test results; delays in obtaining or failures to obtain required governmental, environmental or other project approvals; political risks; changes in equity markets; uncertainties relating to the availability and costs of financing needed in the future; the inability of the Company to budget and manage its liquidity in light of the failure to obtain additional financing, including the ability of the Company to complete the payments pursuant to the terms of the agreement to acquire the Bunker Hill Mine Complex; inflation; changes in exchange rates; fluctuations in commodity prices; delays in the development of projects; capital, operating and reclamation costs varying significantly from estimates and the other risks involved in the mineral exploration and development industry; and those risks set out in the Company’s public documents filed on SEDAR. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. 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, other than as required by law. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

Cautionary Note to United States Investors Concerning Estimates of Measured, Indicated and Inferred Resources

This press release has been prepared in accordance with the requirements of the securities laws in effect in Canada, which differ from the requirements of U.S. securities laws. Unless otherwise indicated, all resource and reserve estimates included in this press release have been disclosed in accordance with NI 43-101 and the Canadian Institute of Mining, Metallurgy, and Petroleum Definition Standards on Mineral Resources and Mineral Reserves. NI 43-101 is a rule developed by the Canadian Securities Administrators which establishes standards for all public disclosure an issuer makes of scientific and technical information concerning mineral projects. Canadian disclosure standards, including NI 43-101, differ significantly from the requirements of the United States Securities and Exchange Commission (“SEC”), and resource and reserve information contained in this press release may not be comparable to similar information disclosed by U.S. companies. In particular, and without limiting the generality of the foregoing, the term “resource” does not equate to the term “reserves”. Under U.S. standards, mineralization may not be classified as a “reserve” unless the determination has been made that the mineralization could be economically and legally produced or extracted at the time the reserve determination is made. The SEC’s disclosure standards normally do not permit the inclusion of information concerning “measured mineral resources”, “indicated mineral resources” or “inferred mineral resources” or other descriptions of the amount of mineralization in mineral deposits that do not constitute “reserves” by U.S. standards in documents filed with the SEC. Investors are cautioned not to assume that any part or all of mineral deposits in these categories will ever be converted into reserves. U.S. investors should also understand that “inferred mineral resources” have a great amount of uncertainty as to their existence and great uncertainty as to their economic and legal feasibility. It cannot be assumed that all or any part of an “inferred mineral resource” will ever be upgraded to a higher category. Investors are cautioned not to assume that all or any part of an “inferred mineral resource” exists or is economically or legally mineable. Disclosure of “contained ounces” in a resource is permitted disclosure under Canadian regulations; however, the SEC normally only permits issuers to report mineralization that does not constitute “reserves” by SEC standards as in-place tonnage and grade without reference to unit measures. The requirements of NI 43-101 for disclosure of “reserves” are also not the same as those of the SEC, and reserves disclosed by the Company in accordance with NI 43-101 may not qualify as “reserves” under SEC standards. Accordingly, information concerning mineral deposits contained in our website may not be comparable with information made public by companies that report in accordance with U.S. standards.

Release – Neovasc Inc. Reports Results of Annual General Meeting of Shareholders

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Neovasc Inc. Reports Results of Annual General Meeting of Shareholders

 

Vancouver, BC, Canada – (NewMediaWire) – June 3, 2021 – Neovasc Inc.(Neovasc or the Company) (NASDAQ, TSX: NVCN) is pleased to announce the results of the votes on matters considered at its Annual General Meeting of Shareholders held on June 3, 2021 in Vancouver, B.C. (the Meeting).

At the Meeting, the shareholders of the Company (the Shareholders) re-elected board members Steven Rubin, Paul Geyer, Doug Janzen, Norman Radow, Alexei Marko and Fred Colen to serve in office until the next annual meeting or until their successors are duly elected or appointed. Detailed results of the voting in respect of the election of directors are as follows:

Nominee

Votes For

% Votes For

Votes Withheld

% Votes Withheld

Steven Rubin

6,318,465

94.48%

369,431

5.52%

Paul Geyer

6,410,453

95.85%

277,431

4.15%

Doug Janzen

6,332,243

94.68%

355,653

5.32%

Norman Radow

6,410,462

95.85%

277,434

4.15%

Alexei Marko

6,320,514

94.51%

367,382

5.49%

Fred Colen

6,174,668

92.33%

513,228

7.67%

At the Meeting, the Shareholders also approved the unallocated options under the Company’s stock option plan (90.49% of votes cast in favor) and re-appointed Grant Thornton LLP, Chartered Accountants as auditors of the Company.


About Neovasc Inc.

Neovasc is a specialty medical device company that develops, manufactures and markets products for the rapidly growing cardiovascular marketplace. Its products include Reducer, for the treatment of refractory angina, which is not currently commercially available in the United States and has been commercially available in Europe since 2015, and TiaraTM for the transcatheter treatment of mitral valve disease, which is currently under clinical investigation in the United States, Canada, Israel and Europe. For more information, visit: www.neovasc.com

Investors

Mike Cavanaugh
Westwicke/ICR

Phone: +1.646.877.9641
Mike.Cavanaugh@westwicke.com

Media

Sean Leous
Westwicke/ICR

Phone: +1.646.866.4012
Sean.Leous@icrinc.com


Forward-Looking Statement Disclaimer

Certain statements in this news release contain forward-looking
statements within the meaning of the U.S. Private Securities Litigation Reform
Act of 1995 and applicable Canadian securities laws that may not be based on
historical fact. When used herein, the words “expect”,
“anticipate”, “estimate”, “may”,
“will”, “should”, “intend,” “believe”,
and similar expressions, are intended to identify forward-looking statements.
Forward-looking statements may involve but are not limited to, expectations as
to the growing cardiovascular marketplace. Forward-looking statements are based
on estimates and assumptions made by the Company in light of its experience and
its perception of historical trends, current conditions and expected future
developments, as well as other factors that the Company believes are
appropriate in the circumstances. Many factors could cause the Company’s actual
results, performance or achievements to differ materially from those expressed
or implied by the forward looking statements, including those described in the
“Risk Factors” section of the Company’s Annual Information Form and
in the Management’s Discussion and Analysis for the three months ended March
31, 2021 (copies of which may be obtained at www.sedar.com or www.sec.gov). These factors should be considered
carefully, and readers should not place undue reliance on the Company’s
forward-looking statements. The Company has no intention and undertakes no
obligation to update or revise any forward-looking statements, whether as a
result of new information, future events or otherwise.

Release – Comtech Telecommunications Corp. Announces First International 5G Location Services Contract with a Tier-One Carrier

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Comtech Telecommunications Corp. Announces First International 5G Location Services Contract with a Tier-One Carrier

 

MELVILLE, N.Y.–(BUSINESS WIRE)–Jun. 4, 2021– 
June 4, 2021— 
Comtech Telecommunications Corp. (NASDAQ: CMTL), a world leader in secure wireless communication technologies, announced today, that during its third quarter of fiscal 2021, its Location Technologies group, a division of Comtech’s Commercial Solutions segment, was awarded its first international 5G location services contract with a leading tier-one mobile network operator in 
Australia.

“We are pleased to continue working with this long-standing customer who has leveraged Comtech’s location technology platforms over the years to support the increasing demands of public safety services across the 3G, 4G and now also 5G networks,” said  Fred Kornberg, Chairman of the Board and Chief Executive Officer of 
Comtech Telecommunications Corp. “We have a proven track record of long-term customer relationships where our location technology supports enterprises worldwide.”

The Location Technologies group of 
Comtech Telecommunications Corp. is a leading provider of precise device location, mapping and messaging solutions for public safety, mobile network operators, and enterprise solutions. Sold around the world to mobile network operators, government agencies, and Fortune 100 enterprises, our platforms locate, map, track and message. For more information, visit www.comtechlocation.com.

Comtech 
Telecommunications Corp. is a leader in the global communications market headquartered in 
Melville, New York. With a passion for customer success, 
Comtech designs, produces and markets advanced secure wireless solutions to more than 1,000 customers in more than 100 countries. For more information, please visit www.comtechtel.com. 

Certain information in this press release contains statements that are forward-looking in nature and involve certain significant risks and uncertainties. Actual results could differ materially from such forward-looking information. The Company’s 
Securities and Exchange Commission filings identify many such risks and uncertainties. Any forward-looking information in this press release is qualified in its entirety by the risks and uncertainties described in such 
Securities and Exchange Commission filings.

Media Contact:
Michael D. Porcelain, President and Chief Operating Officer

Comtech Telecommunications Corp.
631-962-7000
info@comtechtel.com

Source: 
Comtech Telecommunications Corp.

Release – Capstone Green Energy Corporation (Nasdaq:CGRN) Signs 10-Year Comprehensive Service Contract On 2 MWs Installed In Mexico

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Capstone Green Energy Corporation (Nasdaq:CGRN) Signs 10-Year Comprehensive Service Contract On 2 MWs Installed In Mexico

 

Capstone C1000S Systems Have Allowed the Customer to Reduce Their CO2 and NOx Emissions by 82% and 97%, Respectively

VAN NUYS, CA / ACCESSWIRE / June 4, 2021 / Capstone Green Energy Corporation (www.CapstoneGreenEnergy.com) (NASDAQ:CGRN) formerly Capstone Turbine Corporation (www.capstoneturbine.com) (NASDAQ:CPST) (“Capstone” or the “Company”), announced today that DTC Ecoenergía (www.dtc.mx), a Capstone distributor for Mexico, signed a new 10-year Factory Protection Plan (FPP) service contract for two Capstone Signature Series C1000S systems installed in Mexico.

Commissioned in July 2019, the two Capstone Signature Series C1000S systems are owned and operated by a large food industry company in Jalisco, Mexico. The systems operate 24×7 in parallel with the grid and provide 47% of the plant’s electricity demand while lowering their electricity bill by approximately 33%. The exhaust heat from the two C1000S systems is fed through absorption chillers producing 695 refrigeration tons of cooling for the factory. Installing and operating these Capstone C1000S systems has also allowed the factory to reduce their CO2 and NOx emissions by 82% and 97%, respectively.

The Capstone parts-only FPP will provide the customer with fixed scheduled and unscheduled parts costs for the next 10 years, providing protection from future cost increases associated with replacement spare parts, commodity prices and import tariffs.

“Projects like this in the food industry really highlight the importance of distributed energy to both the companies providing critical goods and services, and for everyday people consuming these products,” stated Jeff Foster, Capstone’s Senior Vice President of Customer Service and Product Development. “Throughout the COVID-19 pandemic our microturbine systems helped meet the critical needs of people around the world, while at the same time doing it in an environmentally positive manner,” added Mr. Foster.

“Long-term service agreements like this continue to serve as the foundation for CGRN’s Energy as a Service (EaaS) offering and also to support our large array of essential industry, global customers,” stated Darren Jamison, President and Chief Executive Officer of Capstone Green Energy Corporation. “Innovative, green energy projects like this should become more common as we as a global society begin to focus more on ESG for the common good of our planet,” concluded Mr. Jamison.

About Capstone Green Energy
Capstone Green Energy (www.CapstoneGreenEnergy.com) (NASDAQ:CGRN) is a leading provider of customized microgrid solutions and on-site energy technology systems focused on helping customers around the globe meet their environmental, energy savings, and resiliency goals. Capstone Green Energy focuses on four key business lines. Through its Energy as a Service (EaaS) business, it offers rental solutions utilizing its microturbine energy systems and battery storage systems, comprehensive Factory Protection Plan (FPP) service contracts that guarantee life-cycle costs, as well as aftermarket parts. Energy Conversion Products are driven by the Company’s industry-leading, highly efficient, low-emission, resilient microturbine energy systems offering scalable solutions in addition to a broad range of customer-tailored solutions, including hybrid energy systems and larger frame industrial turbines. The Energy Storage Products business line designs and installs microgrid storage systems creating customized solutions using a combination of battery technologies and monitoring software. Through Hydrogen Energy Solutions, Capstone Green Energy offers customers a variety of hydrogen products, including the Company’s microturbine energy systems.

For customers with limited capital or short-term needs, Capstone offers rental systems; for more information, contact: rentals@CGRNenergy.com. To date, Capstone has shipped over 10,000 units to 83 countries and estimates that, in FY21, it saved customers over $217 million in annual energy costs and approximately 397,000 tons of carbon. Total savings over the last three years are estimated at 1,115,100 tons of carbon and $698 million in annual energy savings.

For more information about the Company, please visit www.CapstoneGreenEnergy.com. Follow Capstone Green Energy on Twitter, LinkedIn, Instagram, Facebook, and YouTube.

Cautionary Note Regarding Forward-Looking Statements
This release contains forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995, including statements regarding expectations for green initiatives and execution on the Company’s growth strategy and other statements regarding the Company’s expectations, beliefs, plans, intentions, and strategies. The Company has tried to identify these forward-looking statements by using words such as “expect,” “anticipate,” “believe,” “could,” “should,” “estimate,” “intend,” “may,” “will,” “plan,” “goal” and similar terms and phrases, but such words, terms and phrases are not the exclusive means of identifying such statements. Actual results, performance and achievements could differ materially from those expressed in, or implied by, these forward-looking statements due to a variety of risks, uncertainties and other factors, including, but not limited to, the following: the ongoing effects of the COVID-19 pandemic; the availability of credit and compliance with the agreements governing the Company’s indebtedness; the Company’s ability to develop new products and enhance existing products; product quality issues, including the adequacy of reserves therefor and warranty cost exposure; intense competition; financial performance of the oil and natural gas industry and other general business, industry and economic conditions; the Company’s ability to adequately protect its intellectual property rights; and the impact of pending or threatened litigation. For a detailed discussion of factors that could affect the Company’s future operating results, please see the Company’s filings with the Securities and Exchange Commission, including the disclosures under “Risk Factors” in those filings. Except as expressly required by the federal securities laws, the Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, changed circumstances or future events or for any other reason.

CONTACT:
Capstone Green Energy
Investor and investment media inquiries:
818-407-3628
ir@CGRNenergy.com

Great Bear Resources Ltd. (GTBAF)(GBR:CA) – Getting a More Complete Picture Great Bear to Host Investor Webinar on June 7

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Friday, June 04, 2021

Great Bear Resources Ltd. (GTBAF)(GBR:CA)
Getting a More Complete Picture; Great Bear to Host Investor Webinar on June 7

Noble Capital Markets research on Great Bear Resources is published under ticker symbols GTBAF and GBR:CA. The price target is in USD and based on ticker symbol GTBAF. Great Bear Resources Ltd is a gold exploration company. It explores for mineral properties in the Red Lake District in Ontario, Canada. Its property portfolio includes Great Bear’s Red Lake Properties with the flagship Dixie project, Pakwash property, and Sobel property.

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.

    LP Fault drilling program results. The company released two new detailed high-grade domain long sections adjacent to the north of the previously released BR7 domain, along with drill results from 18 new LP Fault drill holes. Including recent results, Great Bear has released 318 LP Fault drill holes to date and expects to complete 400 by year-end. The company is modeling 17 distinct high-grade gold domains within the broader LP Fault gold mineralized system. Together, they encompass a strike length of 4.2 kilometers and occur within eight larger lower grade domains.

    Highlights from recent drill results.  Recent drill results continue to affirm high-grade and bulk-tonnage gold mineralization at the LP Fault. All 18 drill holes intersected gold mineralization. Hole BR-311 returned 61.2 grams of gold per tonne over 1.1 meters within a broader interval assaying 3.9 grams of gold per tonne over 32.4 meters, while Hole BR-321 returned 29.5 grams of gold per tonne …



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. 

Garibaldi Resources Corp (GGIFF)(GGI:CA) – Geophysical Surveys Lead Off 2021 Exploration Season

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Friday, June 04, 2021

Garibaldi Resources Corp (GGIFF)(GGI:CA)
Geophysical Surveys Lead Off 2021 Exploration Season

Garibaldi Resources Corp is a Canadian-based junior exploration company. It is engaged in the acquisition, exploration, and evaluation of mineral properties located in Canada and Mexico. The company’s projects in Mexico include the La Patilla, the Rodadero, the Tonichi and the Iris project. Its projects in Canada include the PSP and King projects, The Cariboo Copper and Gold project, the Red Lion project, the Grizzly project, the Tora Tora project and the Black Gold project.

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.

    Garibaldi commences 2021 exploration program. An exploration team has been deployed at the company’s flagship E&L Nickel Mountain camp for the 2021 exploration season. While Garibaldi’s primary focus is the E&L nickel-copper-cobalt project, volcanogenic-massive-sulphide (VMS) precious metal targets within the Eskay Claim Group are a close second. Geophysical surveys over Nickel Mountain and the VMS prospective Palm Springs claims are underway. One survey will track conductive high-grade E&L intrusions, while the other will help identify structures that are prospective for VMS precious-metal mineralization.

    Drilling program.  Garibaldi’s planned diamond drill program will focus on extending the E&L mineralized gabbro along trend for massive sulphide discoveries. Beyond Nickel Mountain, crews will sample VMS target areas over the remainder of Garibaldi’s claims for base and precious metals. This includes alteration zones and outcrops identified by satellite …



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. 

Avivagen Inc. (VIVXF)(VIV:CA) – Reports 2Q21 Results Momentum Continues to Build

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Friday, June 04, 2021

Avivagen Inc. (VIVXF)(VIV:CA)
Reports 2Q21 Results, Momentum Continues to Build

Avivagen Inc is a Canadian based company operating in the healthcare sector. It develops science-based, natural health products for animals. It develops and commercializes products for livestock feeds to replace antibiotics for growth promotion and to help prevent disease by supporting the animal’s own health defenses. Its product range includes OxC-beta, Vivamune health chews, Oximunol chewable tablets, and Carotenoid Oxidation products.

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

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

    2Q21 Results. For the fiscal second quarter ended April 30th, Avivagen reported revenue of $159,614 and a net loss of $2.2 million, or a loss of $0.04 per share. This compares to revenue of $29,625 and a net loss of $1.4 million, or $0.03 per share, in the same period last year. We had forecast revenue of $550,000 and a net loss of $1.3 million, or a loss of $0.02 per share.

    Timing is Everything.  As with most early stage revenue companies, the timing of orders can have an outsized impact on quarterly results, and we believe this is what happened in the quarter when comparing actual results to our projections. In the broader picture, the miss is not material, as long as we continue to see building momentum going forward. The bottom line miss is related to $665,203 …



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.