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Eagle Bulk Shipping (EGLE) – Impressive Forward Cover Drives Price Target Higher

Posted on by Admin

Friday, March 05, 2021

Eagle Bulk Shipping (EGLE)
 Impressive Forward Cover Drives Price Target Higher

Eagle Bulk Shipping Inc. is a US-based drybulk owner-operator focused on the Supramax/Ultramax mid-size asset class, which ranges from 50,000 and 65,000 deadweight tons in size; these vessels are equipped with onboard cranes allowing for the self-loading and unloading of cargoes, a feature which distinguishes them from the larger classes of drybulk vessels and provides for greatly enhanced flexibility and versatility- both with respect to cargo diversity and port accessibility. The Company transports a broad range of major and minor bulk cargoes around the world, including coal, grain, ore, pet coke, cement, and fertilizer. Eagle operates out of three offices, Stamford (headquarters), Singapore, and Hamburg, and performs all aspects of vessel management in-house including: commercial, operational, technical, and strategic.

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

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

    Adjusted 4Q2020 EBITDA of $22.0 million slightly below expectations due to shortfall in TCE rates and higher costs. Call today at 8am EST: number is 844-282-4411 and code is 7949538. FY2020 finished strongly with $10 million higher sequential EBITDA. TCE rates were less robust than expected and opex and G&A expenses were higher, but outlook is bright.

    Raising 2021 EBITDA estimate due to impressive 1Q2021 forward cover and higher TCE rate assumptions.  1Q2021 forward cover of 93% of available booked at $15,085/day is very impressive and sets the tone for the year. We are increasing our 2021 EBITDA estimate to $131.9 million from $90.2 million due to higher TCE rates of $14,620/day, up from $11,803/day…



This research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary.  Proper due diligence is required before making any investment decision. 

Comstock Mining (LODE) – Comstock Transforms Its Business Model to Accelerate Growth

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Friday, March 05, 2021

Comstock Mining (LODE)
Comstock Transforms Its Business Model to Accelerate Growth

Comstock Mining Inc is a mining company with a focus on gold and silver deposits in the Comstock and Silver City mining districts in Nevada. Its operations are divided into two segments, namely mining and real estate. Its mining projects include The Lucerne Resource area, the Dayton Resource area, the Spring Valley exploration target, the Northern Extension, Northern Targets and Occidental areas. The Real Estate segment involves land, real estate rental properties and a hotel, restaurant & bar provided by the Gold Hill Hotel located in Gold Hill, Nevada just south of Virginia City and the Daney Ranch, located just south of Silver City. The majority revenues are generated from the real estate segment.

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.

    Comstock invests in battery metal recycling. Comstock Mining recently secured the rights to a majority equity position in LiNiCo Corporation, a private lithium-ion battery recycling company that recently acquired a battery metal recycling facility from Aqua Metals, Inc. (NASDAQ: AQMS, Not Rated) located in the Tahoe Reno Industrial (TRI) Center in Nevada. LiNiCo’s battery recycling facility is near Tesla’s Gigafactory #1 in TRI Center.

    Terms of the transaction.  Comstock will pay $4,500,000 in cash and 3,000,000 shares of its restricted common stock, representing up to $10,750,000 in consideration for up to a 64.02% ownership position in LiNiCo. Comstock’s investment represents diversification into critical electrification metals, including cobalt, lithium, nickel and silver thus complementing and expanding the company’s existing…



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) – First Quarter 2021 Results

Posted on by Admin

Friday, March 05, 2021

Avivagen Inc. (VIVXF)(VIV:CA)
First Quarter 2021 Results

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.

    1Q21 Results. Avivagen reported fiscal first quarter revenue of $261,987 and a net loss of $1.27 million, or $0.03 per share. We had projected revenue of $700,000 and a net loss of $1.25 million, or $0.03 per share. During the quarter, Avivagen shipped 2,325 kg of product to the Philippines, Thailand, and Taiwan. We had expected shipments into Mexico too during the quarter but the shipments moved into the second quarter.

    Increasing Volume.  Although 1Q21 fell short of our expectations, so far in fiscal 2021 Avivagen has announced order volumes for fiscal 2021 that are larger than all of fiscal 2020. All shipping arrangements for the 10 tonne Mexican order have been finalized and shipments will commence in 2Q21. The 6 tonne order will begin in April 2021. We expect to see additional orders from UNAHCO, as well as…



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. 

What’s an ESG Score?

Posted on by Admin

 


ESG Indicators and How Investors Use Them

 

The idea of investing with the expectation of financial return is nothing new. Today’s trend toward a renewed appreciation for operating with sustainable resources with an eye toward environmental impact is building momentum. Investors, some out of social and environmental concerns, and others to cash in on a developing segment (or both) may be best served by considering the environmental, social, and governance (ESG) impact of companies they invest in. The rise of investors who now expect some social returns also creates an incentive for businesses to quantify their success not only financially but also in terms of how they are influencing the world.

The concept of sustainable investing began as a way for impact-oriented organizations – nonprofits, multilateral development banks – to have long-term funding mechanisms and wean away from dependency on grants. Over the years, it has grown more entrenched into the realm of common institutional and retail investing.

In this emerging world of sustainable investment popularity – a world of green portfolios and impact investors – ESG indicators have provided some direction in what actually constitutes a socially conscious investment decision. At the same time, the ESG investing space is still new and unclearly defined. Certain frameworks exist to “rank” organizations on their ESG ratings.

What does this mean for your actual investment decisions?

The Frameworks

MSCI

The MSCI Framework measures ESG scores based on 35 key data points across each pillar. The environmental pillar includes factors like carbon emissions and land use. The social pillar considers issues surrounding human capital and labor management as well as sourcing and data security. Many of their data points are applicable to just about any industry. Some, like water stress, are more heavily considered specifically for the soft drinks sub-industry.

 

 

SSGA

The SSGA Framework considers the integration of ESG indicators along with traditional financial KPI analysis. State Street has its own R-Factor™ Scoring Model based on how well companies adhere to the Social Accountability Standards Board (SASB) standards. SSGA then maps the raw metrics and applies them to their investments depending on their relevance to the industry.

Practical ESG Investing

The frameworks simply provide some context into what ESG rankings consider. Ultimately, the theories behind these frameworks are only as useful as the ways in which they are applied.

One interesting method towards large-scale climate-neutral investing comes from the Dutch. Pension funds in the Netherlands and Nordic countries have goals to be climate neutral over the course of the next few years. ABP, the largest pension fund in the Netherlands, has a plan for making their clients’ money go towards a greener world by 2025. They will be phasing out their investments in companies where coal mining makes up 30% or more of annual revenue. It is also slowly pulling out of those whose oil production from tar sands accounts for more than 20% of annual revenue.

ESG investing has seen the largest increases by investors using ETFs and assets under management. Up and coming companies, largely app or web-based, allow tech-savvy retail investors to put their money into ESG ETFs and index funds with a simple tap or click. Some of the most well-known include Betterment, Nuveen, Humankind Funds, and Benevity.

Individual companies offer more targeted investment opportunities. Some investors have created Facebook “fan” pages to follow these companies and interact with other involved self-directed investors. One example is the GEVO Shareholders Facebook page, where investors discuss the company and stock performance.  Gevo, Inc. is a renewable chemicals and biofuels company whose research is widely followed here on Channelchek.

The ESG Approach

Ultimately, socially responsible investing is an approach thought to put money towards something that will have long-term positive impacts in a broad sense and more specifically for sustainable companies. At the core of the approach is the ethos that money influences business; one might as well have a positive influence where possible.

Paying attention to the ESG rankings and indices can also indicate the long-term growth potential of the companies. For example, the higher the environmental ranking, the less likely it is that the company relies on a finite resource like fossil fuels. The higher the social and governance rankings, the less likely the company will experience bottlenecks in its supply chain due to labor issues or come under fire for allegations regarding mistreatment of its workforce. Companies with a high ESG ranking also tend to have diverse leadership which can contribute to higher innovation.

About the Author:

Laila Jiwani is a freelance writer specializing in topics related to social finance and international economic trends. Currently based in Dallas, Texas, she is an Erasmus Mundus Joint Master’s Graduate and has worked for economic development organizations in the U.S., Morocco, Kenya, Pakistan and Kyrgyzstan.

Suggested Reading:

Can one do Good and do Well in Tandem

Is the Small Firm Effect for Microcaps Real?

Can Mining be Green and Sustainable?

 

 

Sources:

https://www.msci.com/our-solutions/esg-investing/esg-ratings/esg-ratings-key-issue-framework

https://www.ft.com/content/4854829b-ca38-4267-aab7-8691cd7a87e9

https://www.ssga.com/investment-topics/environmental-social-governance/2018/10/esg-terminology.pdf

Stay up to date. Follow us:

           


Stay up to date. Follow us:

What is an ESG Score?

Posted on by Admin

 


ESG Indicators and How Investors Use Them

 

The idea of investing with the expectation of financial return is nothing new. Today’s trend toward a renewed appreciation for operating with sustainable resources with an eye toward environmental impact is building momentum. Investors, some out of social and environmental concerns, and others to cash in on a developing segment (or both) may be best served by considering the environmental, social, and governance (ESG) impact of companies they invest in. The rise of investors who now expect some social returns also creates an incentive for businesses to quantify their success not only financially but also in terms of how they are influencing the world.

The concept of sustainable investing began as a way for impact-oriented organizations – nonprofits, multilateral development banks – to have long-term funding mechanisms and wean away from dependency on grants. Over the years, it has grown more entrenched into the realm of common institutional and retail investing.

In this emerging world of sustainable investment popularity – a world of green portfolios and impact investors – ESG indicators have provided some direction in what actually constitutes a socially conscious investment decision. At the same time, the ESG investing space is still new and unclearly defined. Certain frameworks exist to “rank” organizations on their ESG ratings.

What does this mean for your actual investment decisions?

The Frameworks

MSCI

The MSCI Framework measures ESG scores based on 35 key data points across each pillar. The environmental pillar includes factors like carbon emissions and land use. The social pillar considers issues surrounding human capital and labor management as well as sourcing and data security. Many of their data points are applicable to just about any industry. Some, like water stress, are more heavily considered specifically for the soft drinks sub-industry.

 

 

SSGA

The SSGA Framework considers the integration of ESG indicators along with traditional financial KPI analysis. State Street has its own R-Factor™ Scoring Model based on how well companies adhere to the Social Accountability Standards Board (SASB) standards. SSGA then maps the raw metrics and applies them to their investments depending on their relevance to the industry.

Practical ESG Investing

The frameworks simply provide some context into what ESG rankings consider. Ultimately, the theories behind these frameworks are only as useful as the ways in which they are applied.

One interesting method towards large-scale climate-neutral investing comes from the Dutch. Pension funds in the Netherlands and Nordic countries have goals to be climate neutral over the course of the next few years. ABP, the largest pension fund in the Netherlands, has a plan for making their clients’ money go towards a greener world by 2025. They will be phasing out their investments in companies where coal mining makes up 30% or more of annual revenue. It is also slowly pulling out of those whose oil production from tar sands accounts for more than 20% of annual revenue.

ESG investing has seen the largest increases by investors using ETFs and assets under management. Up and coming companies, largely app or web-based, allow tech-savvy retail investors to put their money into ESG ETFs and index funds with a simple tap or click. Some of the most well-known include Betterment, Nuveen, Humankind Funds, and Benevity.

Individual companies offer more targeted investment opportunities. Some investors have created Facebook “fan” pages to follow these companies and interact with other involved self-directed investors. One example is the GEVO Shareholders Facebook page, where investors discuss the company and stock performance.  Gevo, Inc. is a renewable chemicals and biofuels company whose research is widely followed here on Channelchek.

The ESG Approach

Ultimately, socially responsible investing is an approach thought to put money towards something that will have long-term positive impacts in a broad sense and more specifically for sustainable companies. At the core of the approach is the ethos that money influences business; one might as well have a positive influence where possible.

Paying attention to the ESG rankings and indices can also indicate the long-term growth potential of the companies. For example, the higher the environmental ranking, the less likely it is that the company relies on a finite resource like fossil fuels. The higher the social and governance rankings, the less likely the company will experience bottlenecks in its supply chain due to labor issues or come under fire for allegations regarding mistreatment of its workforce. Companies with a high ESG ranking also tend to have diverse leadership which can contribute to higher innovation.

About the Author:

Laila Jiwani is a freelance writer specializing in topics related to social finance and international economic trends. Currently based in Dallas, Texas, she is an Erasmus Mundus Joint Master’s Graduate and has worked for economic development organizations in the U.S., Morocco, Kenya, Pakistan and Kyrgyzstan.

Suggested Reading:

Can one do Good and do Well in Tandem

Is the Small Firm Effect for Microcaps Real?

Can Mining be Green and Sustainable?

 

 

Sources:

https://www.msci.com/our-solutions/esg-investing/esg-ratings/esg-ratings-key-issue-framework

https://www.ft.com/content/4854829b-ca38-4267-aab7-8691cd7a87e9

https://www.ssga.com/investment-topics/environmental-social-governance/2018/10/esg-terminology.pdf

Stay up to date. Follow us:

           


Stay up to date. Follow us:

QuickChek – March 4, 2021

Posted on by Admin



Salem Media Group, Inc. Announces Fourth Quarter 2020 Total Revenue of $64.5 Million

Salem Media Group, Inc. released its results for the three and twelve months ended December 31, 2020.

Research, News & Market Data on Salem Media

Watch recent presentation from NobleCon17



Seanergy Maritime Holdings Corp. Announces Full Prepayment of a Senior Credit Facility

Seanergy Maritime Holdings Corp. announced that it has come to an agreement with one of its lenders, Entrust Global, for the early prepayment of a credit facility secured by a first priority mortgage on one of its Capesize vessels, the M/V Lordship.

Research, News & Market Data on Seanergy Maritime

Watch recent presentation from NobleCon17



Indonesia Energy Obtains Key Permits to Commence its 2021 Drilling Campaign

Indonesia Energy Corporation Limited announced that the company has received necessary permits that will allow it to move forward expeditiously to commence its previously announced drilling plans in 2021 for its 63,000 acre Kruh Block.

Research, News & Market Data on Indonesia Energy

Watch recent presentation from NobleCon17



Kratos Awarded $8.9 Million Contract for CH-47F Chinook Maintenance Training Systems Enhancements

Kratos Defense & Security Solutions, Inc. announced that it has received an $8.9 million subcontract to upgrade four Kratos CH-47F Chinook Avionics Trainers (CATs) and two Kratos CH-47F Maintenance Blended Reconfigurable Aviation Trainers (MBRATs) located at the U.S. Army’s 128th Aviation Brigade in Ft. Eustis, Virginia.

Research, News & Market Data on Kratos

Watch recent presentation



Capstone Turbine Secures Follow-On Order From Major Oil & Gas Producer In India

Capstone Turbine Corporation announced that it received a follow-on order for Oil and Natural Gas Corporation (ONGC), India’s renowned multi-national oil and gas company, for one C200 Signature Series and two C65 microturbines.

Research, News & Market Data on Capstone Turbine

Watch recent presentation from NobleCon17



Avivagen Announces Upcoming Research Publication Highlighting The Benefits Of OxC-betaTM Livestock for Broiler Poultry

Avivagen Inc. announced that a manuscript reporting the benefits of OxC-betaTM Livestock (“OxC-beta”) for broiler poultry has been approved for publication by Poultry Science, a leading peer-reviewed journal.

Research, News & Market Data on Avivagen

Watch recent presentation from NobleCon17

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Release – Seanergy Maritime (SHIP) – Announces Full Prepayment of a Senior Credit Facility

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Seanergy Maritime Holdings Corp. Announces Full Prepayment of a Senior Credit Facility and Reduction of Junior Facilities Resulting in Significant Cashflow Benefit

 

GLYFADA, Greece, March 04, 2021 (GLOBE NEWSWIRE) — Seanergy Maritime Holdings Corp. (the “Company”) (NASDAQ: SHIP) announced today that it has come to an agreement with one of its lenders, Entrust Global, for the early prepayment of a credit facility secured by a first priority mortgage on one of its Capesize vessels, the M/V Lordship (the “Facility”).

The outstanding balance of the Facility is $21.6 million and is scheduled to be repaid with immediate effect. The initial earliest maturity date is in June 2023. The average applicable coupon through the remaining term of the Facility is approximately 10%.

Following the prepayment and assuming no refinancing of the M/V Lordship, the interest savings for the Company would be expected to be $1.3 million for the remaining of 2021 and $1.8 million on average per year for 2022-23. Additionally, annual repayments would be reduced by approximately $2.5 million on average, which would positively impact the average break-even rate of the Company’s fleet.

In addition, a significant portion of the Company’s junior / unsecured facilities has also been prepaid since the beginning of 2021 pursuant to the mandatory prepayment terms of those facilities, resulting in further reduction in the interest expense. Specifically, a $12.0 million prepayment has been applied against the junior / unsecured loans with an applicable interest rate of 5.5%, resulting in expected annual interest savings of approximately $660,000.

The prepayment amounts were funded with cash on hand.

Stamatis Tsantanis, the Company’s Chairman & Chief Executive Officer, stated:

“We are pleased to announce these transactions for the Company, where the immediate reduction of our financial expenditure will have a direct positive reflection on the Company’s profitability. At the same time, the average break-even of the fleet will be significantly reduced, enhancing our cash-flow generating capacity. Assuming no immediate refinancing, the expected cash-flow benefit for Seanergy will be approximately $4.9 million per year.

During the first quarter of 2021, the Capesize daily spot rates have increased to approximately double their historical 5-year averages. Based on the prevailing Capesize market fundamentals, we strongly believe that the next years will be one of the most favorable periods for Capesize vessels. Seanergy will continue to pursue strategic opportunities that will improve our shareholders’ returns in the years to come.”

About Seanergy Maritime Holdings Corp.

Seanergy Maritime Holdings Corp. is the only pure-play Capesize ship-owner publicly listed in the US. Seanergy provides marine dry bulk transportation services through a modern fleet of Capesize vessels. Upon delivery of the new vessel, the Company’s operating fleet will consist of 12 Capesize vessels with an average age of 12.2 years and aggregate cargo carrying capacity of approximately 2,103,042 dwt. The Company is incorporated in the Marshall Islands and has executive offices in Glyfada, Greece. The Company’s common shares trade on the Nasdaq Capital Market under the symbol “SHIP”, its Class A warrants under “SHIPW” and its Class B warrants under “SHIPZ”.

Please visit our company website at: www.seanergymaritime.com

Forward-Looking Statements

This press release contains forward-looking statements (as defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended) concerning future events. Words such as “may”, “should”, “expects”, “intends”, “plans”, “believes”, “anticipates”, “hopes”, “estimates” and variations of such words and similar expressions are intended to identify forward-looking statements. These statements involve known and unknown risks and are based upon a number of assumptions and estimates, which are inherently subject to significant uncertainties and contingencies, many of which are beyond the control of the Company. Actual results may differ materially from those expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to, the Company’s operating or financial results; the Company’s ability to continue as a going concern; the Company’s liquidity, including its ability to service its indebtedness; competitive factors in the market in which the Company operates; shipping industry trends, including charter rates, vessel values and factors affecting vessel supply and demand; future, pending or recent acquisitions and dispositions, business strategy, areas of possible expansion or contraction, and expected capital spending or operating expenses; risks associated with operations outside the United States; risks associated with the length and severity of the ongoing novel coronavirus (COVID-19) outbreak, including its effects on demand for dry bulk products and the transportation thereof; and other factors listed from time to time in the Company’s filings with the SEC, including the Registration Statement and its most recent annual report on Form 20-F. The Company’s filings can be obtained free of charge on the SEC’s website at www.sec.gov. Except to the extent required by law, the Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company’s expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based.

For further information please contact:

Capital Link, Inc.
Daniela Guerrero
230 Park Avenue Suite 1536
New York, NY 10169
Tel: (212) 661-7566
E-mail: [email protected]

Source: Seanergy Maritime Holdings Corp.

Schwazze (SHWZ) – Completes Star Buds Acquisition

Posted on by Admin

Thursday, March 04, 2021

Schwazze (SHWZ)
Completes Star Buds Acquisition

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

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

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

    Acquisition. Yesterday, Schwazze announced the acquisition of the remaining five Star Buds locations. The Company now owns and operates 17 retail dispensary locations in the Denver metro and southern Colorado region. Total cost for the final Star Buds locations was $72.3 million, comprised of $27.5 million in cash, $26.9 million in sellers’ notes, and $17.9 million of preferred stock. In total, Star Buds cost $118.7 million, comprised of $44.9 million in cash, $44.3 million in sellers’ notes, and $29.5 million of preferred stock.

    Financing.  On Monday, Schwazze announced a financing round of $34 million private placement with CRW Capital and an affiliate of Dye Capital as well as other unaffiliated investors. Schwazze also entered into $15 million of debt financing, $10 million funded immediately and $5 million to be funded as part of the closing of an identified acquisition …



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. 

One Stop Systems Inc. (OSS) – Raises $10 Million in Direct Offering

Posted on by Admin

Thursday, March 04, 2021

One Stop Systems Inc. (OSS)
Raises $10 Million in Direct Offering

One Stop Systems Inc is US-based company which is principally engaged in designing, manufacturing, marketing high-end systems for high performance computing (HPC) applications. The company offers custom servers, compute accelerators, solid-state storage arrays and system expansion systems. The product line of the company includes GPU Appliances, GPU Expansion, GPUs and co-processors, Flash storage arrays, Flash storage expansion, Servers, Disk Arrays, Desktop computing appliances, accessories and parts. The company delivers high-end technology to customers through the sale of equipment and software for use on their premises or through remote cloud access to secure data centers housing technology.

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

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

    Offering. Tuesday, One Stop Systems announced a $10 million registered direct offering with an institutional investor. The investor, reportedly an existing shareholder, will purchase 1,497,006 OSS shares at a price of $6.68, a 13% discount to the VWAP. The deal is expected to close March 3rd.

    Why Now? Basically, strike while the iron is hot and raise when you don’t have a need.  The day before the announcement, OSS shares closed at a record $8.87, more than double since the beginning of 2021. The shares did sell off on the announcement, but rebounded some on Wednesday. And while OSS is not in need of capital, the raise provides the Company with significant flexibility going forward …



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. 

Golden Predator Mining (NTGSF)(GPY:CA) – Is the Whole Greater than the Sum of its Parts?

Posted on by Admin

Thursday, March 04, 2021

Golden Predator Mining (NTGSF)(GPY:CA)
Is the Whole Greater than the Sum of its Parts?

Golden Predator Mining Corp is a Canada based exploration stage company engaged in the business of acquiring and exploring mineral properties. It owns properties primarily in Yukon, Canada. Some of the company’s projects located in Yukon are the 3 Aces, Sprogge, Reef, Brewery Creek, Marg, Sonora Gulch, Grew Creek, Upper Hyland and others.

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.

    Golden Predator to acquire Viva Gold. Golden Predator executed a definitive agreement to acquire Viva Gold Corp. (OTCQB, VAUCF, Not Rated) by way of a plan of arrangement in an all-stock transaction. Shareholders of Viva will receive 1.60 Class A common shares of Golden Predator for each common share of Viva Gold. Golden Predator has also proposed the distribution of 8.6 million shares of C2C Gold (CSE: CTOC) to Golden Predator shareholders as a return of capital prior to transaction close which is reflected in the exchange ratio. The combination is expected to close on or about May 3, 2021 and is contingent on approval by Viva shareholders, the TSX Venture Exchange and court approvals of the arrangement and return of capital. The companies will host an investor webinar on March 4, 2021 at 12:00 pm ET.

    Transaction benefits.  Key transaction benefits include: 1) Greater size and diversification with consolidated ownership of the Tonopah Gold Project in Nevada and the Brewery Creek Mine in the Yukon, 2) a combined 1.8 million ounces of measured and indicated heap leachable gold resources, with an additional 0.8 million ounces of inferred gold resources, along with significant exploration potential …



This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary.  Proper due diligence is required before making any investment decision. 

Release – Indonesia Energy (INDO) – Obtains Key Permits to Commence its 2021 Drilling Campaign

Posted on by Admin


Indonesia Energy Obtains Key Permits to Commence its 2021 Drilling Campaign

 

  • Paves way for commencement of new production well drilling operations at Kruh Block in the next 30 days
  • Appraisal activities at Citarum Block also continuing

JAKARTA, INDONESIA and DANVILLE, CA / ACCESSWIRE / March 4, 2021 / Indonesia Energy Corporation Limited (NYSE American:INDO) (IEC), an oil and gas exploration and production company focused on Indonesia, today announced that the company has received necessary permits that will allow it to move forward expeditiously to commence its previously announced drilling plans in 2021 for its 63,000 acre Kruh Block.

Drill site preparations are completed and supporting services are in progress. The mobilization of the drilling rig is expected within the next 5 days and the first well is expected to commence drilling within 30 days. IEC’s plan is to drill 3 back-to-back wells as part of the commencement of its new drilling on Kruh Block, which is part of an overall previously announced plan to drill a total of 5 wells in 2021, 6 wells in 2022 and 7 wells in 2023, for a total of 18 new wells on Kruh Block.

In addition, IEC has also completed and provided to the Government of Indonesia two (2) Geological & Geophysical studies each covering both the Kruh Block and the Citarum Block. Additional prospects have been identified from the new study in the 1,000,000-acre Citarum Block which is located on the island of Java only 16 miles from the capital city of Jakarta where natural gas prices are at a 300% premium to the prices in the United States.

Mr. Frank Ingriselli, IEC’s President, commented “These final permits couldn’t have come at a better time, given the recent recovery in oil prices which are at a level not seen since 2019. Accordingly, we should be on-track to significantly increase production and cash flow this year. Also, our drilling operations are expected to decrease production costs to below $20.00 per barrel. All these factors should contribute to our near and long-term goal of maximizing production from the Kruh Block and augmenting shareholder value.”

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, without limitation, the anticipated results of IEC’s 2021 exploration and production activities and the impact of global oil prices 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, 2019 filed on June 16, 2020 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
[email protected]

Source: Indonesia Energy Corporation Limited

Release – Kratos Defense & Security Solutions (KTOS) – Awarded $8.9 Million Contract

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Kratos Awarded $8.9 Million Contract for CH-47F Chinook Maintenance Training Systems Enhancements

 

SAN DIEGO, March 04, 2021 (GLOBE NEWSWIRE) — Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS), a leading National Security Solutions provider, announced today that it has received an $8.9 million subcontract to upgrade four Kratos CH-47F Chinook Avionics Trainers (CATs) and two Kratos CH-47F Maintenance Blended Reconfigurable Aviation Trainers (MBRATs) located at the U.S. Army’s 128th Aviation Brigade in Ft. Eustis, Virginia.

Kratos will upgrade the trainers’ multiple avionics systems and aircraft survivability equipment to ensure concurrency of the simulators to the latest CH-47F configuration. The work will be performed under a subcontract to USfalcon, Inc. under its OASIS Pool 6 contract.

The CH-47F CAT is a High-Fidelity Hands-On-Training System (HOTS) that provides full-task training through simulation of all avionics in an integrated configuration within a high-fidelity physical environment. The CAT replicates the aircraft interior and exterior environments with a simulation of all replaceable modular components along with the required test, measuring and diagnostic equipment.

“The maintenance of the CH-47F is critical to Army readiness,” said Jose Diaz, Senior Vice President of Kratos Training Solutions. “The MBRAT provides student training through simulation of the CH-47F cockpit on multiple touch screen monitors. It blends a high-fidelity virtual environment, physical attributes and spatial physical awareness with established CH-47F simulation software. These upgrades will ensure the concurrency of the CH-47F MBRATs and CATs avionics, flight control and survivability systems with those of the CH-47F.”

Kratos develops advanced, cost effective training solutions for U.S. and allied forces that enhance warfighter readiness and survivability. Kratos is driving innovation in military simulation and training programs by integrating the latest immersive technologies with its Common Open Architecture content development process and advanced simulation systems for air, ground, maritime and soon space domains.

About Kratos Defense & Security Solutions

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) develops and fields transformative, affordable technology, platforms and systems for United States National Security related customers, allies and commercial enterprises. Kratos is changing the way breakthrough technology for these industries are rapidly brought to market through proven commercial and venture capital backed approaches, including proactive research and streamlined development processes. At Kratos, affordability is a technology, and we specialize in unmanned systems, satellite communications, cyber security/warfare, microwave electronics, missile defense, hypersonic systems, training, combat systems and next generation turbo jet and turbo fan engine development. For more information, go to www.KratosDefense.com.

Notice Regarding Forward-Looking Statements

Certain statements in this press release may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are made on the basis of the current beliefs, expectations and assumptions of the management of Kratos and are subject to significant risks and uncertainty. Investors are cautioned not to place undue reliance on any such forward-looking statements. All such forward-looking statements speak only as of the date they are made, and Kratos undertakes no obligation to update or revise these statements, whether as a result of new information, future events or otherwise. Although Kratos believes that the expectations reflected in these forward-looking statements are reasonable, these statements involve many risks and uncertainties that may cause actual results to differ materially from what may be expressed or implied in these forward-looking statements. For a further discussion of risks and uncertainties that could cause actual results to differ from those expressed in these forward-looking statements, as well as risks relating to the business of Kratos in general, see the risk disclosures in the Annual Report on Form 10-K of Kratos for the year ended December 29, 2019, and in subsequent reports on Forms 10-Q and 8-K and other filings made with the SEC by Kratos.

Press Contact:
Yolanda White
858-812-7302 Direct

Investor Information:
877-934-4687

[email protected]

Source: Kratos Defense & Security Solutions, Inc.

Release – Capstone Turbine (CPST) – Secures Follow-On Order From Major Oil and Gas Producer In India

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Capstone Turbine Secures Follow-On Order From Major Oil & Gas Producer In India

 

Microturbines to be Deployed at a Gathering Station in India for Flare Recovery Project

VAN NUYS, CA / ACCESSWIRE / March 4, 2021 / Capstone Turbine Corporation (www.capstoneturbine.com) (NASDAQ:CPST), the world’s leading manufacturer of clean technology microturbine energy systems, announced today that it received a follow-on order for Oil and Natural Gas Corporation (ONGC), India’s renowned multi-national oil and gas company, for one C200 Signature Series and two C65 microturbines. Brio Energy Pvt. Ltd., Capstone’s exclusive distributor in India (www.brioenergy.in), secured the order, which is expected to be commissioned in May 2021.

Capstone continues its growth in the South Asian oil and gas market with its recent follow-on order from ONGC. The microturbines, destined for a remote gathering station in western India, will provide primary power to the facility while simultaneously reducing the flaring of associated gas which negatively impacts the environment. Utilizing the flare gas that would otherwise be wasted reduces the company’s overall operational costs. In addition, it helps the environment by eliminating the need to import power from the local utility, reducing their overall carbon footprint.

“Gas flaring is a global issue, but it’s much more acute in areas with limited infrastructure and often has devastating negative impacts on local communities. Beyond the obvious noise and light issues, flaring emits black carbon, methane, and volatile organic compounds, all of which are dangerous air pollutants,” said Darren Jamison, President and Chief Executive Officer of Capstone Turbine. “It’s tremendous to see a world-renowned oil and gas company like India’s ONGC continue to utilize Capstone’s green energy products to limit the environmental impacts associated with flare gas in India,” added Mr. Jamison.

Officials at ONGC have really appreciated the vast benefits of Capstone’s microturbine technology with their initial order. Capstone microturbines are able to use flare gas as an input fuel source without any gas pre-treatment. This allowed the customer to monetize the associated gas while simultaneously keeping operational costs low by not needing extra fuel-cleaning equipment.

“Our aim is to provide next-generation energy solutions to industries that match today’s distributed generation needs,” said Shubham Mishra, Principal at Brio Energy. “Through the use of Capstone’s microturbine energy systems, we can advance clean and reliable energy solutions across the country and achieve carbon neutrality,” added Mr. Mishra.

Capstone microturbines are recognized in the oil and gas industry for their strong performance and reliability. Along with their rugged reputation, microturbines allow oil and gas operators to meet flare gas reduction objectives. By utilizing on-site natural gas, oil and gas producers have the potential to reduce harmful emissions and also lower their operating expenses.

About Capstone Turbine Corporation

Capstone Turbine Corporation (www.capstoneturbine.com) (NASDAQ:CPST) is the world’s leading producer of highly efficient, low-emission, resilient microturbine energy systems. Capstone microturbines serve multiple vertical markets worldwide, including natural resources, energy efficiency, renewable energy, critical power supply, transportation and microgrids. Capstone offers a comprehensive product lineup via our direct sales team, as well as our global distribution network. Capstone provides scalable solutions from 30 kWs to 10 MWs that operate on a variety of fuels and are the ideal solution for today’s multi-technology distributed power generation projects.

For customers with limited capital or short-term needs, Capstone offers rental systems; for more information, contact: [email protected]. To date, Capstone has shipped nearly 10,000 units to 83 countries and in FY20, saved customers an estimated $219 million in annual energy costs and 368,000 tons of carbon.

For more information about the company, please visit www.capstoneturbine.com. Follow Capstone Turbine 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, beliefs, plans, intentions and strategies of the Company. 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; 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. “Capstone” and “Capstone Microturbine” are registered trademarks of Capstone Turbine Corporation. All other trademarks mentioned are the property of their respective owners.

CONTACT:
Capstone Turbine Corporation
Investor and investment media inquiries:
818-407-3628

[email protected]

SOURCE: Capstone Turbine Corporation