Month: September 2021

Digital Currency Report from the Fed is Past Due

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About the Central Bank Digital Currency Position Report, That’s Late

 

The U.S. Federal Reserve Board is expected to release a nail-biter of a report stating their position on potentially adopting a digital dollar. The cryptocurrency would have the same backing and perqs of $US Dollars. The Fed expressed last summer that it had partnered with the Massachusetts Institute of Technology to “understand the opportunities and limitations” of a Central Bank Digital Currency (CBDC). It was announced the project was to release its findings in late summer 2021. It is now early Fall 2021, the markets have not yet gotten the expected big announcement. However, Fed Chair Powell may have shown his hand on Tuesday.

Speaking before the Senate Banking Committee Tuesday (Sept. 28), Powell said that while existing laws governing the Fed’s activities could serve as a basis for issuing a digitized version of the U.S. dollar, he expressed a preference for working on a legislation-backed push instead. This was in response to a question from Senator Pat Toomey of Pennsylvania. He further set expectations for the past-due board’s report, saying the Fed had made no decision on a CBDC. The paper will instead tackle some of the related public policy issues and set the stage for the central bank to gather feedback from lawmakers and the public.

Although the paper, when released, will not be definitive, it seems it will set the Fed’s stance regarding pros, cons, and how-tos. As with most Fed position papers, it may “define” in unclear language that will be studied carefully by those active in markets that could be impacted. The current direction, based on Chairman Powell’s answer is that the Fed expects a seat at the table but would like Congress to hand down any definitive action.

 

 

Foreign Central Banks

We live in a world that has become very small, so what happens in one major market impacts another. Although Europe’s potential adoption of a digital euro, or China, which is looking to creates a digital yuan would impact the U.S., an actual dollar valued like cash may be years away. Some believe the potential for dramatically disrupting the global financial balance is too great, while others worry the United States will cede dominance of the global financial system if it does not digitize the dollar, which is used as the global reserve currency. Of special concern, is China’s digital
yuan pilot project, which is believed to be far ahead of the United States and its biggest economic rival.

Other Decision Maker Positions

Fed Governor Lael Brainard is on record saying she finds it inconceivable that the United States would not pursue a digital dollar when competing economies were forging ahead with CBDCs. “That just doesn’t sound like a sustainable future,” she said in July.

Fed Governors Christopher Waller and Randal Quarles have argued many dollar transactions are now digital and that the costs of a CBDC could far outweigh any benefit. Staff within the Fed are also said to be divided on the issue.

On Capitol Hill, some see a CBDC as the door opener that makes financial services accessible and affordable for millions of Americans that are currently ignored by the mainstream banking system. At the same time, others express concerns over privacy and security.

For those focused on what it would mean for wholesale and merchant banking, CBDCs could come into existence strictly for wholesale use. This could speed up processes and lower the cost of cross-border payments between parties.  Individually, a retail digital dollar could be used by the general public, expanding Americans’ access to a range of financial services.

Take-Away

If the Fed’s original intent of sending out a position paper on a CBDC in late Summer was to set the course toward or away from its adoption, they seem to have backed off. Some things take longer than expected, and with big decisions, discoveries are often found that would impact any final release. The paper when released, will be combed through for nuances decision untold. If we are to believe Chairman Powell’s answer last Tuesday, the Fed Chair who is up for reappointment, would prefer to have input in the decision but not be the decider.

 

Suggested Reading:



What’s the Timeline for a US Digital Dollar?

The Federal Reserve and MIT are Experimenting with Digital Currency





Is Coinbase Planning to “School” the SEC on Cryptocurrencies?

Severe Punishment for All Things Crypto in China -Who’s Impacted?

 

Sources:

https://www.youtube.com/watch?v=KX1aPj1MJNQ

https://www.cnbc.com/2021/09/22/the-fed-is-evaluating-whether-to-launch-a-digital-currency-and-in-what-form-powell-says.html

Analysis: U.S. Fed navigates policy minefield with impending
digital dollar report | Reuters

 

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Avivagen Inc. (VIVXF)(VIV:CA) – Reports 3Q21 Results Pipeline Remains Strong

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Thursday, September 30, 2021

Avivagen Inc. (VIVXF)(VIV:CA)
Reports 3Q21 Results; Pipeline Remains Strong

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.

    3Q21 Results. Avivagen reported revenue of $505,866 in the quarter, down from $612,530 last year. We had estimated revenue of $1.0 million. The majority of the miss comes from a 3.5 million tonne order shipped in the quarter for which the revenue has yet to be recognized. We estimate the delayed revenue to be in the $375,000 range. Net loss for the quarter was $1.5 million, or $0.03 per share versus a net loss of $787,424, or $0.02 per share, in 3Q20. We had forecast a net loss of $1.1 million, or $0.02 per share.

    Pipeline.  The pipeline continues to expand, with management calling it “the strongest pipeline in Avivagen history. During the quarter, the Company secured a new customer win in Western Mexico, recorded its first order from Brazil and secured the first order with a major swine and poultry producer in Thailand. We expect OxC-beta to further penetrate the livestock feed market …



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. 

QuickChek – September 30, 2021

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Promising New Opregen® Clinical Data Featured At 54th Annual Retina Society Meeting In Podium Presentation By Christopher D. Riemann, M.D.

Lineage Cell Therapeutics announced that updated interim results from a Phase 1/2a clinical study of its lead product candidate, OpRegen®, were featured in a podium presentation at the 54th Annual Scientific Meeting of the Retina Society.

Research, News & Market Data on Lineage Cell Therapeutics

Watch recent presentation from Lineage Cell Therapeutics



EEG’s iGaming Division Hits New Revenue Record, SportNation Nominated for Award

Esports Entertainment Group announced the company and their SportNation.bet business has been nominated for eGaming Review’s Marketing Campaign of the Year Award

Research, News & Market Data on EEG

Watch recent presentation from EEG



Orion Group Holdings, Inc. Announces Contract Awards of Nearly $200 Million

Orion Group Holdings announced two contract awards for its Marine segment totaling nearly $200 million

See today’s research report from Poe Fratt, Senior Research Analyst at Noble Capital Markets

Research, News & Market Data on Orion Group Holdings

Watch recent presentation from Orion Group Holdings



Great Lakes Announces Partnership with Project Vesta

Great Lakes Dredge & Dock announced a first-of-its-kind partnership with Project Vesta, a clean technology pioneer developing a new way to use sand to remove excess carbon dioxide from the atmosphere

See today’s research report from Poe Fratt, Senior Research Analyst at Noble Capital Markets

Research, News & Market Data on Great Lakes

Watch recent presentation from Great Lakes



Sierra Metals Announces Filing of Updated NI 43-101 Technical Report

Sierra Metals announced it has filed an updated independent technical report prepared in accordance with National Instrument 43-101 on the Bolivar Mine in Mexico

Research, News & Market Data on Sierra Metals

Watch recent presentation from Sierra Metals



CanAlaska Identifies New Targets at Kingston Uranium Project

CanAlaska Uranium announced that compilation work on the Company’s newly acquired Kingston Project has identified several new uranium targets

Research, News & Market Data on CanAlaska

Watch recent presentation from CanAlaska

 

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Great Lakes Announces Partnership with Project Vesta

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Great Lakes Announces Partnership with Project Vesta

 

HOUSTON, Sept. 29, 2021 (GLOBE NEWSWIRE) — Great Lakes Dredge & Dock Corporation (“Great Lakes”) (NASDAQ: GLDD), the largest provider of dredging services in the United States announced today a first-of-its-kind partnership with Project Vesta, a clean technology pioneer developing a new way to use sand to remove excess carbon dioxide from the atmosphere.

“We are committed to robustly furthering the science of Coastal Carbon Capture,” said Tom Green, CEO of Project Vesta. “Our partnership with Great Lakes will enable us to accelerate our research and help coastal communities fight both the cause and symptoms of climate change.”

Known as “Coastal Carbon Capture”, Project Vesta’s method accelerates the earth’s natural carbon removal process by using a natural rock turned into carbon-removing sand. According to a report by the National Academy of Sciences, this technique has the potential to remove billions of tons of carbon dioxide from the atmosphere and reduce ocean acidification. Its newly discovered potential has been heralded by universities and major scientific institutions, and has been highlighted in The New York Times, The Guardian, Popular Science and The Atlantic.

 “This partnership will help make Great Lakes a more effective participant in the effort to address coastal erosion and climate change impacts,” said Great Lakes’ Senior Vice President Bill Hanson. “We are proud to raise the bar on climate-change fighting technologies, and invite others in the coastal resilience industry to join this important cause.” 

Great Lakes is the first member of the global dredging industry to announce participation in Project Vesta’s initiative and represents a bold new sustainability approach. The two organizations will pursue joint research goals and develop new methods for the safe, effective use of coastal carbon capture.

The Company

Great Lakes Dredge & Dock Corporation (“Great Lakes” or the “Company”) is the largest provider of dredging services in the United States. In addition, the Company has a long history of performing significant international projects. The Company employs experienced civil, ocean and mechanical engineering staff in its estimating, production and project management functions. In its over 131-year history, the Company has never failed to complete a marine project. Great Lakes owns and operates the largest and most diverse fleet in the U.S. dredging industry, comprising over 200 specialized vessels. Great Lakes has a disciplined training program for engineers that ensures experienced-based performance as they advance through Company operations. The Company’s Incident-and Injury-Free® (IIF®) safety management program is integrated into all aspects of the Company’s culture. The Company’s commitment to the IIF® culture promotes a work environment where employee safety is paramount.

Cautionary Note Regarding Forward-Looking Statements
Certain statements in this press release may constitute “forward-looking” statements as defined in Section 21E of the Securities Exchange Act of 1934 (the “Exchange Act”), the Private Securities Litigation Reform Act of 1995 (the “PSLRA”) or in releases made by the Securities and Exchange Commission (the “SEC”), all as may be amended from time to time. Such forward-looking statements involve known and unknown risks, uncertainties and other important factors that could cause the actual results, performance or achievements of Great Lakes and its subsidiaries, or industry results, to differ materially from any future results, performance or achievements expressed or implied by such forward-looking statements. Statements that are not historical fact are forward-looking statements. These cautionary statements are being made pursuant to the Exchange Act and the PSLRA with the intention of obtaining the benefits of the “safe harbor” provisions of such laws. Great Lakes cautions investors that any forward-looking statements made by Great Lakes are not guarantees or indicative of future events.

Although Great Lakes believes that its plans, intentions and expectations reflected in this press release are reasonable, actual events could differ materially. The forward-looking statements contained in this press release are made only as of the date hereof and Great Lakes does not have or undertake any obligation to update or revise any forward-looking statements whether as a result of new information, subsequent events or otherwise, unless otherwise required by law.

For further information contact:
Tina Baginskis
Director, Investor Relations
630-574-3024

CanAlaska Identifies New Targets at Kingston Uranium Project

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CanAlaska Identifies New Targets at Kingston Uranium Project

 

Historical Uranium Boulder Train Located Near Collins Bay Fault

Electromagnetic and Gravity Anomalies Define Shallow Targets Along Major Faults

West McArthur “42 Zone” Successfully Extended – Drilling Continues

Vancouver, British Columbia–(Newsfile Corp. – September 30, 2021) – CanAlaska Uranium Ltd. (TSXV: CVV) (OTCQB: CVVUF) (FSE: DH7N) (“CanAlaska” or the “Company”) is pleased to announce that compilation work on the Company’s newly acquired Kingston Project has identified several new uranium targets. The targets are outlined by coincident electromagnetic (EM) and gravity anomalies, and a uranium-rich boulder train located just down-ice from the Collins Bay Fault structure (Figure 1).

Figure 1


Figure 2

 

The Collins Bay Fault is host to the Rabbit Lake, Collins Bay A, B and D, and Eagle Point orebodies, which, since 1975, have produced more than 200 million pounds of uranium. The location of these deposits along the length of the Collins Bay Fault system is largely controlled by interaction of the main, regional dextral reverse fault with bends or flexures of the main structure, splay structures coming off the main structure, or interaction with cross-cutting structures. The Maguire Fault hosts the Maguire zone of alteration and uranium mineralization on CanAlaska’s claims in northwest Manitoba.

During the mineralizing event, the host-rock is altered to clay, which can be imaged by geophysical methods such as EM and gravity. The coupling of EM “bright-spots” with gravity lows is a possible indication of the clay alteration associated with these significant mineralizing events. EM “bright-spots” were successfully used to discover an extension of the Eagle Point orebody (02 Next deposit) and drilling of a gravity low anomaly led to discovery of NexGen’s Arrow deposit, host to 337 million pounds of uranium resources.

The Kingston project is strategically located less than 100 kilometres northeast of the northeastern margin of the present-day Athabasca Basin within the Western Wollaston Domain, just east of the Wollaston-Mudjatik contact (Figure 2). Historical exploration in the area has been concentrated in two periods. Prospecting and geological mapping, lake sediment sampling, airborne and ground geophysical surveys, and limited diamond drilling work was completed from 1958 to 1980. Airborne and ground geophysical surveys including DIGHEM, Falcon and ZTEM, soil/rock/lake sediment sampling, prospecting and geological mapping occurred from 2004 to 2016. The various geophysical surveys map conductors and gravity anomalies coincident with two regional structures, the Collins Bay Fault and the Maguire Fault. Previous exploration within the project area has identified a large uranium-rich boulder train in the southeast corner of the project that is immediately down-ice of the Collins Bay Fault. Uranium-rich boulders with up to 0.57% (5,768 ppm) uranium have been reported. Anomalous nickel in lake sediments were identified along the Maguire Fault in the northeast corner of the property. Four high priority target areas have been identified (Figure 1).

West McArthur “42 Zone” Drilling Update

Diamond drilling at the Company’s West McArthur JV project is progressing as planned and has been successful in expanding the “42 Zone” discovery. Three diamond drill holes have reached the unconformity to date for a total of 2,946 m of drilling. The Company plans to complete an additional two to three diamond drill holes within the 42 Zone area for a targeted total meterage of 5,000 m.

Drill hole WMA063-1 intersected 16.1 m of elevated radioactivity immediately above the unconformity 32 m along strike to the west of drill hole WMA055-2 in the Company’s 42 Zone area. WMA055-2 intersected 2.1 m averaging 2.3% U3O8, including 0.7 m at 6.8% U3O8 (see press release dated October 15th, 2019). The new uranium intersection in WMA063-1 is thicker and contained within a strongly bleached lower sandstone column that contains dark black sooty pyrite, red hydrothermal hematite, and structurally-controlled strong clay alteration. Due to the strong clay alteration and faulting, core recovery is approximately 25% through two three-metre wide intervals within the mineralized zone above the unconformity. Geochemical assays of the mineralization, expected after the program is complete, will be used in conjunction with radiometric probing equivalents data to evaluate the grade and thickness of this new mineralization which extends the 42 Zone.

Southwest of the 42 Zone area two drill holes have been completed along the extension of the Grid 5 conductive corridor and controlling structure. Drill hole WMA061, drilled 700 m to the southwest of the 42 Zone, intersected the unconformity 68 m north-northwest of WMA049-1. WMA061 intersected a broad interval of faults in the lower sandstone column associated with bleached sandstone, increased interstitial clay, patches of sooty pyrite, remobilized hematite, and structurally-controlled limonite and clay alteration. The sandstone structure and alteration indicate that WMA061 intersected the unconformity approximately 30 m north of the ideal target, leaving the target open on this fence.

Drill hole WMA062, drilled 1.8 km to the southwest of the 42 Zone, intersected the unconformity 38 m northwest of WMA040. WMA062 intersected a 30 m wide fault in the lower sandstone column with strong limonite alteration, patches of grey sooty pyrite, and structurally-controlled dravitic breccias. In the basement of WMA062, the top of the targeted fault zone was intersected 10 m below the unconformity and is characterized by a 20 m wide interval of quartz-healed hydraulic breccias and localized re-activated clay gouge with strong hematite, chlorite, bleaching, sericite, and specular hematite alteration. This is followed by a second 8 m wide fault zone that contains abundant re-activated cataclastic breccias and clay gouges characterized by strong pervasive bone-white bleaching, dark black structurally-controlled chlorite, and hematite alteration. The strong alteration and large faults in the basement of this drillhole suggest the ideal target starts approximately 10 – 15 m north of WMA062 and extends to the north where these two basement faults remain untested at the unconformity.

Drillholes WMA061 and WMA062 confirm the fault system along the conductive corridor in the Grid 5 area is present, large, and strongly altered southwest of the 42 Zone.

CanAlaska CEO, Cory Belyk, comments, “The Kingston Project has structural and geophysical targets that look like an Eagle Point or Arrow analogue in close association with a historical uranium-rich boulder train. The team is delighted this compilation work has outlined key target areas on this project associated with the large Collins Bay and Maguire faults, none of which have been drill tested in this area. In addition, the ongoing drilling program at West McArthur has successfully extended the “42 Zone” mineralization and drilling will continue on nearby priority targets along the 42 Zone controlling structure.”

Other News

CanAlaska’s joint venture partner, Denison Mines, continues drilling on our new Moon Lake South joint venture located near Denison’s Wheeler River Project.

About CanAlaska Uranium

CanAlaska Uranium Ltd. (TSXV: CVV) (OTCQB: CVVUF) (FSE: DH7N) holds interests in approximately 300,000 hectares (750,000 acres), in Canada’s Athabasca Basin region – the “Saudi Arabia of Uranium.” CanAlaska’s strategic holdings have attracted major international mining companies. CanAlaska is currently working with Cameco and Denison at two of the Company’s properties in the Eastern Athabasca Basin. CanAlaska is a project generator positioned for discovery success in the world’s richest uranium district. The Company also holds properties prospective for nickel, copper, gold and diamonds. For further information visit www.canalaska.com.

The qualified technical person for this news release is Nathan Bridge, MSc., P.Geo., CanAlaska’s Vice President, Exploration.

On behalf of the Board of Directors
“Peter Dasler”
Peter Dasler, M.Sc., P.Geo.
President
CanAlaska Uranium Ltd.


Contacts:

Cory Belyk, Executive VP and CEO
Tel: +1.604.688.3211 x 306
Email: cbelyk@canalaska.com

Peter Dasler, President
Tel: +1.604.688.3211 x 138
Email: info@canalaska.com 

Neither 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 release.

Forward-looking information

All statements included in this press release that address activities, events or developments that the Company expects, believes or anticipates will or may occur in the future are forward-looking statements. These forward-looking statements involve numerous assumptions made by the Company based on its experience, perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate in the circumstances. In addition, these statements involve substantial known and unknown risks and uncertainties that contribute to the possibility that the predictions, forecasts, projections and other forward-looking statements will prove inaccurate, certain of which are beyond the Company’s control. Readers should not place undue reliance on forward-looking statements. Except as required by law, the Company does not intend to revise or update these forward-looking statements after the date hereof or revise them to reflect the occurrence of future unanticipated events.

Source:
CanAlaska Uranium Ltd.

Orion Group Holdings (ORN) – High Bidding Activity Finally Delivers Large Awards

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Thursday, September 30, 2021

Orion Group Holdings (ORN)
High Bidding Activity Finally Delivers Large Awards

Orion Group Holdings, based in Houston, Texas, is a specialty construction company within the Marine and Industrial Construction sectors, with operations focused in the continental United States and Caribbean. Revenue is split roughly 50/50 between a Marine Construction segment that provides marine facility, pipeline and structural construction services and a Commercial Concrete segment that provides turnkey concrete services in the light commercial and structural construction markets.

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

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

    Two large Marine awards of ~$192 million announced. High bidding activity finally delivers large multi-year work. The Florida Department of Transportation (FDOT) awarded a contract of ~$125 million for bridge replacement work. Also, the Port of Port Arthur (TX) awarded a ~$67 million contract to construct the Berth 6 Expansion Project. Work on both projects should start in 4Q2021 and run into late 2023.

    Recent low bids pending award turn into final awards of $22 million, with options that could add $19 million of work.  As highlighted in our two most recent notes, low bids pending award exceeding $40 million implied that awards were imminent. After the close on Wednesday, three Marine projects total of ~$22 million were awarded, with options of ~$19 million. All of the work should start in 4Q2021 …



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. 

The College Equity Research Contest that Awards Up to $7500 to Winning Student(s) and $5,000 to School

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The College Equity Research Contest that Awards Up to $7,500 to Winning Student(s) and $5,000 to School

 

Boca Raton, Fl. November 1, 2021, Noble Capital Markets today announced the launch of its third annual Channelchek College Challenge. The equity research report contest is designed to encourage college students to explore the field of equity research and analysis. The prize package includes cash for both winning student(s) and the winner’s school, a paid internship with Noble Capital Markets, an award ceremony that will be recorded and played on the Nasdaq tower in New York, and more.

Participants are asked to prepare a “Wall Street-style” equity research report on one of the more than 6,000 public small and microcap companies found on channelchek.com. Channelchek is an investor resource featuring news and commentaries, equity research, live and recorded management discussions, company and stock market data, plus exclusive reports on select industries.

The student(s) that register for this year’s College Challenge will be competing for up to $7,500 paid to them; their college will receive an additional $5,000. The student(s) will also be offered a paid internship with Noble Capital Markets. The planned award ceremony this year will be online as possible restrictions on travel to South Florida still threaten and can’t be known looking out as far as early 2022. However, a video of the award presentation ceremony will be produced and featured on the NASDAQ Tower in New York City’s Times Square.

The College Challenge has been made possible with the support of the following sponsors: Channelchek, Salem Media Group, Kelly Services, NASDAQ, The College Investor, and E.W. Scripps, known for its National Spelling Bee. Contact Channelchek for information on sponsorship opportunities for the third College Challenge.

Mike Kupinski, Noble’s Director of Research, was active in providing guidance and judging last year’s College Challenge; he stated, “It’s exciting to be involved in this competition’s third year. Last year the students clearly took the competition seriously with reports that were well written, with thorough analysis. The winners, Melissa Mueller and Benjamin Trussel from the University of Tennessee are examples of the high level of talent present within the college community today.” Looking toward this year’s College Challenge, Kupinski said, “I hope that the competition will incent more students to be inspired to seek careers in equity research, as well as the financial industry.”

Registration Info: https://www.channelchekcollegechallenge.com

Contest Guidelines:

The Challenge is open to students without restrictions relating to age or academic specialization who are registered at an institute of higher learning anywhere in the United States. Entries will be judged by senior equity analysts at Noble Capital Markets.

A complete list of rules are available at 
College
Challenge Rules. Students planning to compete should be aware there will be regular emailed tips and two informational session webinars for those registered. The information session registration links will be sent to those already registered to take part in the contest. Students interested are encouraged to register early.

About Noble Capital Markets, Inc.

Noble Capital Markets (“Noble”) is a research-driven boutique investment bank that has supported small & microcap companies since 1984. As a FINRA and SEC licensed broker dealer Noble provides institutional-quality equity research, merchant and investment banking, wealth management, and order execution services. In 2005, Noble established NobleCon, an investor conference that has grown substantially over the last decade. Noble launched Channelchek – a new investment community dedicated exclusively to small and micro-cap companies and their industries in 2018. 
Channelchek is tailored to meet the needs of self-directed investors and financial professionals. Channelchek is the first service to offer institutional-quality research to the public, for FREE at every level without a subscription. More than 6,000 public emerging growth companies are listed on the site, with growing content including research, webcasts, podcasts, and balanced news.

For all inquiries contact: College Challenge

Great Lakes Dredge & Dock (GLDD) – 3Q2021 Awards Exceed $300 million After Three New Awards

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Thursday, September 30, 2021

Great Lakes Dredge & Dock (GLDD)
3Q2021 Awards Exceed $300 million After Three New Awards

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.

    Attractive award of $25.6 million posted late yesterday. The $25.6 million award for maintenance dredging of Portsmouth Harbor and Piscataqua River was posted on the DoD web site after the market closed yesterday. Work should start later this year and be completed in 1Q2022. The award is positive and there could be some added efficiencies since GLDD is currently working in the Boston Harbor.

    Second award of $11.3 million posted earlier this week.  According to the government contracting web site, the Coastal Storm Risk Management Project in South Hutchinson Island, Florida was awarded to GLDD for $11.3 million. The work includes constructing a beach berm and planting dune vegetation to limit erosion …



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. 

New Developments in Pain Management – a NobleCon Online Investor Event – Presenting Companies

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New Developments in Pain Management – a NobleCon Online Investor Event
October 7, 2021


More than 100 million Americans have acute and chronic pain issues. Migraines and headaches, osteoarthritis, fibromyalgia, nerve pain, back pain, post-surgical pain, and cancer. Chronic pain in many circles is considered a disease of its own. Opioid painkillers, while highly effective, have increased the risk of abuse, addiction, and death; in the U.S. alone, in 2020, 93,000 deaths were attributed to opioids.

The global pain management market is estimated at over $65 billion (2020). Given the need and vastness of the market, the companies presenting are developing new therapies and interventions to improve the health and well-being of lives by effectively treating various forms of pain, while reducing the potential for abuse and addiction. Join us on October 7, 2021 for a day of innovation, revelation and opportunity.

The event is free and open to all registered users of Channelchek. Registration is fast and free. Not already a member? Use the link below to register now so you’re ready to view the Summit presentations on August 31.

Event Page – View the Presentations Here

Register for Channechek to gain access to the Investor Event





Click the logos for more information on the presenting companies




Baudax Bio (BXRX)
 
BioElectronics Corporation (BIEL)
 

electroCore (ECOR)
 
Heron Therapeutics (HRTX)
 

MedX Health (MDXHF)
 
Virpax Pharmaceuticals (VRPX)
 

Release – Orion Group Holdings Inc. Announces Contract Awards of Nearly $200 Million

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Orion Group Holdings, Inc. Announces Contract Awards of Nearly $200 Million

 

HOUSTON–(BUSINESS WIRE)–Sep. 29, 2021– 
Orion Group Holdings, Inc. (NYSE: ORN) (the “Company”) a leading specialty construction company, today announced two contract awards for its Marine segment totaling nearly 
$200 million.

The Company has been awarded a contract valued at approximately 
$125 million from the 
Florida Department of Transportation (FDOT) to replace the 
State Road 405 
Indian River Bridge over the NASA Causeway near 
Cape Canaveral, Florida. This bridge provides the main access to 
Kennedy Space Center and 
Cape Canaveral Space Force Center. The work is expected to commence during the fourth quarter of 2021 and be completed in the fourth quarter of 2024.

In addition, the Company has been awarded a contract valued at approximately 
$67 million from the 
Port of Port Arthur to construct the Berth 6 
Expansion Project in 
Port Arthur, Texas, that will allow for significant additional berthing capacity at the Port. The project is expected to commence in the fourth quarter of 2021 and be completed in the third quarter of 2024.

“Orion has a strong track record of helping modernize and upgrade critical infrastructure,” said  Mark Stauffer, Orion’s President and Chief Executive Officer. “The NASA Causeway project marks our fourth bridge project to be awarded recently, and along with the Berth 6 Expansion, not only provides significant backlog to our Marine segment, but reaffirms Orion as a leading contractor for building and rebuilding our nation’s infrastructure.”

About Orion Group Holdings

Orion Group Holdings, Inc., a leading specialty construction company serving the infrastructure, industrial and building sectors, provides services both on and off the water in the continental 
United States, 
Alaska, 
Canada and the 
Caribbean Basin through its marine segment and its concrete segment. The Company’s marine segment provides construction and dredging services relating to marine transportation facility construction, marine pipeline construction, marine environmental structures, dredging of waterways, channels and ports, environmental dredging, design, and specialty services. Its concrete segment provides turnkey concrete construction services including pour and finish, dirt work, layout, forming, rebar, and mesh across the light commercial, structural and other associated business areas. The Company is headquartered in 
Houston, Texas with regional offices throughout its operating areas.

Forward-Looking Statements

The matters discussed in this press release may constitute or include projections or other forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, the provisions of which the Company is availing itself. Certain forward-looking statements can be identified by the use of forward-looking terminology, such as ‘believes’, ‘expects’, ‘may’, ‘will’, ‘could’, ‘should’, ‘seeks’, ‘approximately’, ‘intends’, ‘plans’, ‘estimates’, or ‘anticipates’, or the negative thereof or other comparable terminology, or by discussions of strategy, plans, objectives, intentions, estimates, forecasts, outlook, assumptions, or goals. In particular, statements regarding future operations or results, including those set forth in this press release and any other statement, express or implied, concerning future operating results or the future generation of or ability to generate revenues, income, net income, profit, EBITDA, EBITDA margin, or cash flow, including to service debt, and including any estimates, forecasts or assumptions regarding future revenues or revenue growth, are forward-looking statements. Forward looking statements also include estimated project start date, anticipated revenues, and contract options which may or may not be awarded in the future. Forward looking statements involve risks, including those associated with the Company’s fixed price contracts that impacts profits, unforeseen productivity delays that may alter the final profitability of the contract, cancellation of the contract by the customer for unforeseen reasons, delays or decreases in funding by the customer, levels and predictability of government funding or other governmental budgetary constraints and any potential contract options which may or may not be awarded in the future, and are the sole discretion of award by the customer. Past performance is not necessarily an indicator of future results. In light of these and other uncertainties, the inclusion of forward-looking statements in this press release should not be regarded as a representation by the Company that the Company’s plans, estimates, forecasts, goals, intentions, or objectives will be achieved or realized. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The Company assumes no obligation to update information contained in this press release whether as a result of new developments or otherwise.

Please refer to the Company’s Annual Report on Form 10-K, filed on 
March 2, 2021, which is available on its website at www.oriongroupholdingsinc.com or at the SEC’s website at www.sec.gov, for additional and more detailed discussion of risk factors that could cause actual results to differ materially from our current expectations, estimates or forecasts.

Orion Group Holdings Inc.
Francis Okoniewski, Vice President Investor Relations
(346) 616-4138
fokoniewski@orn.net
www.oriongroupholdingsinc.com

Robert Tabb, Executive Vice President & CFO
(713) 852-6500
www.oriongroupholdingsinc.com

Source: 
Orion Group Holdings, Inc.

Voyager Digital Appoints Chief Technology Officer

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Voyager Digital Appoints Chief Technology Officer

 

Company’s new CTO, Rakesh Gidwani, to lead platform and system expansion

Voyager Digital Ltd. (“Voyager” or the “Company”) (TSX: VOYG; OTCQX: VYGVF; FRA: UCD2) one of the fastest-growing, publicly traded cryptocurrency platforms in the United States, today announced the appointment of Rakesh Gidwani as the Company’s Chief Technology Officer.

Rakesh joins Voyager from Two Sigma Investments, a technology and data-driven financial services company applying artificial intelligence, machine learning, and distributed computing to investing. At Two Sigma, Rakesh served as Senior Vice President of Engineering, leading the engineering strategy, planning, and technical program management for Two Sigma Investment Management. Rakesh has experience building and scaling high-calibre teams in hyper-growth environments. Over his career, he successfully led engineering teams to deliver eCommerce solutions, high-performance trading systems, financial compliance and risk management systems, and customer-facing websites.

Rakesh will lead the evolution of Voyager’s platform and systems as the Company continues its plans for international expansion and growing to 10+ million customers. He will work closely with Voyager’s CEO Steve Ehrlich, as well as Dan Costantino, Voyager’s Chief Information Security Officer, and Oscar Salazar, Co-founder and advisor to Voyager who served as Uber’s founding Architect and CTO.

“Rakesh is a highly-accomplished engineering leader that we’re excited to have on the Voyager team,” said Steve Ehrlich, Co-founder and CEO of Voyager. “He has a track record from both innovative tech startups and large, established companies, having held senior engineering positions at Goldman Sachs, Morgan Stanley, and Walmart. We welcome Rakesh to our growing team as we position Voyager to expand internationally and add new features to our platform, including traditional financial products and equities.”

Rakesh’s hire is a continuation of Voyager’s accelerated growth as the Company scaled 800% in the past year to currently over 225 full-time employees and executives.


About Voyager Digital Ltd.
Voyager Digital Ltd. (TSX: VOYG; OTCQX: VYGVF; FRA: UCD2) is a fast-growing, publicly traded cryptocurrency platform in the United States founded in 2018 to bring choice, transparency, and cost efficiency to the marketplace. Voyager offers a secure way to trade over 60 different crypto assets using its easy-to-use mobile application, and earn rewards up to 12 percent annually on more than 30 cryptocurrencies. Through its subsidiary Coinify ApS, Voyager provides crypto payment solutions for both consumers and merchants around the globe. To learn more about the company, please visit https://www.investvoyager.com.

The TSX has not approved or disapproved of the information contained herein.

SOURCE Voyager Digital, Ltd.


Press Contacts

Voyager Digital, Ltd.
Michael Legg
Chief Communications Officer
(212) 547-8807
mlegg@investvoyager.com

Voyager Public Relations Team
pr@investvoyager.com

Small Investor’s Relentless Short Squeezes

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Short Squeeze Mania Continues as Camber Stock Increases 733.33% in a Month

 

The first three quarters of 2021 have been full of unexpected trends, changes, and surprises. At this point, some “oddities” have occurred so frequently that they now could be the new “stock market normal.” One of these trends that investors and traders come across most days is short squeezed stocks. GameStop (GME), AMC (AMC), Bed Bath and Beyond (BBBY), and even silver stocks have had their day. Social
media platforms have been serving as meeting places for investors who share ideas armed with their online trading apps. Often these ideas are in the form of memes. The actions that follow have at times been rough coordinated action to purchase stocks with high short market interest. When the purchasers have enough wherewithal and conviction, they can cause the short sellers to give in. Some hedge funds have taken substantial losses, while some ailing companies have had new life breathed into them with their escalated market cap. The stakes are high.

One new candidate in this “chess game” that takes place between large and small players is Camber Energy (CEI). Over the past month, Camber is up 733%.

 

About Camber Energy

Camber is an energy company that, like many is transitioning itself to meet the worlds changing energy needs.  According to Finviz, $CEI has a short float of nearly 25%. Investors have been betting against the industry and this company through last year. In the case of Camber, many retail investors are now piling into this heavily shorted company.  The buying has moved the price from $0.48 a month ago to $4.08 today (September 29).

 

 

The question at this point with this meme short squeeze is can Camber Energy succeed to cause short sellers to fold? Many meme stock runups rapidly gained then later faded.

 

Take-Away

The new stock market normal is that ever since social media forums like r/WallStreetBets discovered they can meet online and crush large short interest stocks, any high short interest could become a target.

As an investor, it’s important to be aware of all the influential groups in the companies on your watch list. In this way you can either navigate around the activity that can disrupt your portfolio, or even follow should your personal evaluation cause you to decide the risk-reward profile fits your tolerance.

Channelchek houses a wealth of information, including detailed research reports on companies that have uncommon upside potential because of their size or stage of growth. Searching a ticker within our database is a practice that could help reinforce your decisions.

Suggested Reading:



The Polarized Opinions Surrounding the GameStop Short Squeeze

Blockchain, Beverages, and Baloney





Seeking Alpha Paywall Causes Frustration

Are Meme Stocks Improving Flawed Markets?

 

Sources:

https://ir.camber.energy/quote

https://finviz.com/quote.ashx?t=CEI

https://investmentu.com/camber-energy-stock/

https://markets.businessinsider.com/news/stocks/5-short-squeeze-candidates-to-watch-vinco-ventures-camber-energy-katapult-and-more-1030825931

 

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Avivagen Inc. Announces Results for the Third Quarter Ending July 31, 2021

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Avivagen Inc. Announces Results for the Third Quarter Ending July 31, 2021

 

• Total of 8 tonnes in orders secured or shipped during the quarter
• Quarter represents more than 43% of 2020 fiscal year

Ottawa, ON /Business Wire/ September 29, 2021/ Avivagen Inc.  (TSXV:VIV, OTCQB:VIVXF) (“Avivagen”), a life sciences corporation focused on developing and commercializing products for livestock, companion animal and human applications that safely enhances feed intake and supports immune function, thereby supporting general health and performance, has announced its unaudited financial results for the third quarter of 2021.

“The considerable successes of the past quarter have resulted in arguably the strongest pipeline in Avivagen’s history,” says Kym Anthony, Chief Executive Officer, Avivagen Inc. “We have already begun to deliver on the largest sales volumes in company history, and efforts worldwide are forging high-value relationships with new partners and customers in the Americas and Asia.”

Q3 2021 highlights included:

  • Total of 8 tonnes in OxC-beta™ orders secured or shipped during the quarter
    • Secured a 4.4-tonne order for OxC-betaTM Livestock from UNAHCO
    • Secured a 500 kg order for OxC-betaTM Livestock from Transformadora
    • Shipped 3.5-tonne order from the previously announced 64-tonne recurring order
  • Moved closer to regulatory approval in Vietnam and China
  • Leveraging existing experience, initiated search for new distribution partners in North America and other key markets globally

During the quarter Avivagen shipped the first 3.5 tonnes of its previously announced 64 tonne recurring order. However, the revenue on this shipment will be recognized when payment is received, meaning the revenue associated with this shipment is not reflected in the reported Q3 results.

Third Quarter: July 31, 2021, Financial Results

The Company’s unaudited Financial Statements for the third quarter ended July 31, 2021 and the accompanying Management’s Discussion and Analysis have been filed on the System for Electronic Document Analysis and Retrieval and are also available via its website (www.sedar.com).  The financial information for the third quarter ended July 31, 2021, should be read in conjunction with the Company’s unaudited Financial Statements as well as its Management’s Discussion and Analysis for the third quarter ended July 31, 2021.

The Company reported revenues of $505,886 ($612,530 in the quarter ending July 31, 2020) and a comprehensive loss of $(1,503,665) for the quarter ending July 31, 2021. This compares to a comprehensive loss in the quarter ending July 31, 2020 of $(787,424).

As at July 31, 2021, the Company reported total assets of $4,865,220 (current assets of $4,569,978), total liabilities of $7,456,993, and shareholders’ deficit of ($2,591,773).

Significant financing inflows during the nine-month ending July 31, 2021, was an offering of 15,000,000 units of the Company at $0.50 per unit for aggregate gross proceeds of $7,500,000. The offering closed on February 16th, 2021.

Each unit consisted of one common share in the capital of the Company (each a “Common Share”) and one half of one Common Share purchase warrant (each whole warrant, a “Warrant”). Each Warrant will be exercisable to acquire one Common Share until February 16, 2024 at an exercise price of $0.75 per share. The net proceeds of the Offering have been and will be used to fund research and development expenses, sales and marketing costs, product registration, interest expense, working capital and general corporate purposes.

About Avivagen

Avivagen is a life sciences corporation focused on developing and commercializing products for livestock, companion animal and human applications that, by safely supporting immune function, promote general health and performance.  It is a public corporation traded on the TSX Venture Exchange under the symbol VIV and is headquartered in Ottawa, Canada, based in partnership facilities of the National Research Council of Canada. For more information, visit www.avivagen.com. The contents of the website are expressly not incorporated by reference in this press release.

About OxC-beta™ Technology and OxC-beta™ Livestock

Avivagen’s OxC-beta™ technology is derived from Avivagen discoveries about ?-carotene and other carotenoids, compounds that give certain fruits and vegetables their bright colours. Through support of immune function the technology provides a non-antibiotic means of promoting health and growth. OxC-beta™ Livestock is a proprietary product shown to be an effective and economic alternative to the antibiotics commonly added to livestock feeds. The product is currently available for sale in the United States, Philippines, Mexico, Taiwan, New Zealand, Thailand, Brazil, Australia, and Malaysia.

Avivagen’s OxC-beta™ Livestock product is safe, effective and could fulfill the global mandate to remove all in-feed antibiotics as growth promoters. Numerous international livestock trials with poultry and swine using OxC-beta™ Livestock have proven that the product performs as well as, and, sometimes, in some aspects, better than in-feed antibiotics.

Forward Looking Statements
This news release includes certain forward-looking statements that are based upon the current expectations of management. Forward-looking statements involve risks and uncertainties associated with the business of Avivagen Inc. and the environment in which the business operates. Any statements contained herein that are not statements of historical facts may be deemed to be forward-looking, including those identified by the expressions “aim”, “anticipate”, “appear”, “believe”, “consider”, “could”, “estimate”, “expect”, “if”, “intend”, “goal”, “hope”, “likely”, “may”, “plan”, “possibly”, “potentially”, “pursue”, “seem”, “should”, “whether”, “will”, “would” and similar expressions. Statements set out in this news release relating to Avivagen’s pipeline, its expectations as to future growth, demand for products and results, the anticipated future value of relationships being established, the anticipated continuation of shipments to customers based on recurring orders,  the planned use of proceeds of the financing discussed above,   the possibility for OxC-beta™ Livestock to replace antibiotics in livestock feeds as well as fill a critical need for health support in certain livestock applications where antibiotics are precluded and the size of market opportunities are all forward-looking statements. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. For instance, initial orders may not result in new orders for Avivagen’s products,  despite receipt of the purchase order timing, delivery or  fulfilment of orders of product could be delayed for a number of reasons, some of which are outside of Avivagen’ s control, which could result in anticipated revenues from such sales being delayed or in the most serious cases eliminated, actions taken by Avivagen’ s customers and factors affecting the business and financial viability of Avivagen’ s customers can have a negative impact on the expectation of future sales and revenues,  customer plans may change due to many reasons, demand for Avivagen’s products may not continue to grow and could decline, Avivagen’s products may not gain market acceptance or regulatory approval in new jurisdictions or for new applications and may not be widely accepted as a replacement for antibiotics in livestock feeds, in each case due to many factors, many of which are outside of Avivagen’s control.  Readers are referred to the risk factors associated with the business of Avivagen set out in Avivagen’s most recent management’s discussion and analysis of financial condition available at www.SEDAR.com. Except as required by law, Avivagen assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those reflected in the forward-looking statements.

Neither 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 release.

For more information:
Avivagen Inc.

Drew Basek
Director of Investor Relations
100 Sussex Drive, Ottawa, Ontario, Canada K1A 0R6 Phone: 416-540-0733
E-mail: d.basek@avivagen.com

Kym Anthony
Chief Executive Officer
100 Sussex Drive, Ottawa, Ontario, Canada K1A 0R6 Head Office Phone: 613-949-8164
Website: www.avivagen.com