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Does the SEC ever look into who did the selling in apparent pump and dump schemes with penny stocks?
Since EKCS no longer reports can insiders sell without filing?
I don't know about the rest of you, but I'm impressed with what these stock charlatans are able to do! Over 2 million shares pumped and dumped against an average volume just over ten thousand! Where do these guys find so many suckers in this age of free internet searches? Are the promoters breaking any specific laws if they don't make any material statements and include that extra fine print disclaimer at the bottom of the page?
Five shares on Friday at $174-$175. Clearly, something is going on behind the curtain. The wizard is manipulating the levers while Dorothy, et.al., are asleep in the Poppy Field.
One share at $185 yesterday and 10 shares at $10! I hope the 10 share lot was a market maker transaction of some kind.
You will note there were some sales yesterday at $185 per share. Unfortunately, this does not get reported because there were no lots of 100 which is apparently what it takes to change the bid/ask.
More promo momo in place of the real thing. Go AVCVF!
I understand the need for private placements, but I do resent the fact that certain sellers seem to have "ESP" and manage to sell before the fact.
American Vanadium Announces a Private Placement of up to $2 Million
http://www.marketwatch.com/story/american-vanadium-announces-a-private-placement-of-up-to-2-million-2014-10-14
Vanadium and Energy Surety Partners Sign Teaming Agreement For Microgrid Developments
http://www.marketwatch.com/story/american-vanadium-and-energy-surety-partners-sign-teaming-agreement-for-microgrid-developments-2014-10-10?reflink=MW_news_stmp
Gold up over one percent Thursday, gold stocks down. We have officially entered Bizarro World.
The only lagging element is gold.
Claude Sets Another Quarterly Production Record by Producing 20,614 Gold Ounces in Q3
They heard you. Here's your news. (subject to financing)
TORONTO (miningweekly.com) – North America’s first vanadium redox flow energy storage system provider American Vanadium on Friday announced that it had signed up its first customer, subject to financing.
American Vanadium said that it believed the order from Newfound Energies would enable them to switch their primary source of energy from diesel to renewables, resulting in significantly reduced diesel consumption and related costs, proving the powerful economic model for such applications.
The TSX-V-listed company, which was also developing what had been billed as the only economically viable vanadium deposit in North America, the Gibellini vanadium project, in Nevada, reported that Newfound Energies had signed a purchase order for two 30 KW to 130 KWh CellCube energy storage systems for integration into a remote microgrid fuel and logistics centre.
This signified the first purchase order for American Vanadium since striking a master agreement, in May last year, that allowed it to market and sell German energy solutions provider Gildemeister’s CellCube vanadium redox flow batteries in North America.
"This marks an important milestone on our path to commercialisation for the CellCube product line here in North America, which is recognised as the fastest-growing segment of the global market for energy storage. We are uniquely positioned with the CellCube system and, based on our sales pipeline and the ongoing developments in our markets, we are confident this is the start of a sales programme which will grow at an impressive pace," American Vanadium president and CEO Bill Radvak said, noting that with more than 100 systems installed globally and with an operating track record of close to five years, CellCube was both the first-mover and the market leader.
A recent, independent report from Navigant Research, pointed to microgrids emerging as a global phenomenon owing to their compelling features, including the ability to isolate themselves from the utility distribution system during power outages, and to employ the use of conventional fuels as well as to integrate diverse renewable energy sources.
The report also noted that advanced energy storage was expected to represent the single-largest investment category among microgrid-enabling technologies by 2023.
"We chose the CellCube technology because of its high-capacity and long-duration capabilities. Our remote locations need to utilise 100% depth of discharge of the systems every day in order to reach our efficiency targets. We simply cannot hit this mark and maintain battery performance over the life of our sites with other technologies.
“We are looking forward to our transition away from expensive diesel, and hope for this to be the first of many of our sites to benefit from this technology,” Newfound Energies president Gerry Skinner said.
The maiden commercial sale followed short on the heels of American Vanadium’s recent deployment of a CellCube at the US Department of Energy's National Renewable Energy Laboratory, in Colorado, and preceded the upcoming flagship roof-top installation with the Metropolitan Transportation Authority, in downtown Manhattan.
Edited by: Creamer Media Reporter
http://www.miningweekly.com/article/american-vanadium-signs-up-first-flow-battery-customer-2014-10-03
Pending news.......
As painful as the termination of SEC filings may be, it's a good move, and I hope they never waste another penny on the pointless busy work of staying compliant. The pink sheets (otcmarkets.com) will be a much cheaper way to go and should EkCS ever desire to file a private financial report in the future, they can do so much more cost effectively there. The company is probably a goner anyway, and wasting more money on SEC filings would just accelerate their demise. If by some chance the company survives, they can concentrate exclusively on executing some of the backlog of contracts now and perhaps create a little buzz about future potential.
...or someone with fat fingers.
Someone just smacked $430 dollars down on the table! What do they know, and when did they know it?
Gold is being monkey hammered for some reason which has nothing to do with fundamentals or logic. You have to admire the power major players wield.
Vanadium Engages Roland Kiser as Head of Business Development and Mergers & AcquisitionAmericans
http://www.marketwatch.com/story/american-vanadium-engages-roland-kiser-as-head-of-business-development-and-mergers-acquisitions-2014-09-19
10K due very soon. Try to curb your enthusiasm.
Elgin Mining Shareholders Overwhelmingly Approve Of The Mandalay Acquisition
http://seekingalpha.com/article/2469615-update-elgin-mining-shareholders-overwhelmingly-approve-of-the-mandalay-acquisition
CLGRF continues to deliver on the business plan. Now, when we get the inevitable major new spike in price of gold, the fireworks will begin.
September 10, 2014 9:00 AM - Financial - Mining
Claude Resources Drills 26.77 g/t Gold Over 8.7 m and Initiates
Long-Hole Production at Santoy Gap
Trading Symbols: TSX: CRJ; OTCQB: CLGRFSASKATOON, SK, Sept. 10, 2014 /CNW/ - Claude Resources Inc. ("Claude" and or the "Company") continues to
achieve excellent results from the underground drill program at the Santoy Gap including an intersection of 26.77
grams of gold per tonne over 8.7 metres true width. In addition, long-hole production at the Santoy Gap deposit has
been initiated ahead of schedule and is expected to have a positive impact on future production.
2014 Santoy Gap Underground Drill Program
The underground drilling program is designed to define and expand the current Mineral Reserves and Mineral
Resources at the Santoy Gap. Results show high grade and excellent widths that are hosted within three distinct vein
systems, namely the Santoy Gap 9A, 9B and 9C.
Select highlight holes that have intercepted multiple vein systems are presented in Table 1. Table 2, which is located
at the end of the news release, provides further highlights and information specific to each intercept. All results are
reported as cut grade and true width.
Table 1: Highlight Holes Intercepting Multiple Vein Systems Within the Santoy Gap Deposit.
HOLE #
VEIN SYSTEM
9A 9B 9C
GRADE g/t
(cut)
TRUE WIDTH (m)
GRADE g/t
(cut)
TRUE WIDTH (m)
GRADE g/t
(cut)
TRUE WIDTH (m)
SUG-14-027 33.56 4.57 7.71 2.52 4.28 10.21
SUG-14-028 15.35 7.51 4.84 3.42 6.71 7.13
SUG-14-029 50.00 1.88 10.91 10.47 15.17 4.80
SUG-14-034 13.29 2.58 22.54 9.62 4.93 1.72
SUG-14-038 9.87 8.22 20.20 0.87 28.36 2.02
SUG-14-044 8.03 3.39 - - 11.33 7.63
SUG-14-048 6.06 6.34 6.23 4.69 26.77 8.70
"These results and the fact that we are now in production demonstrate why we anticipate the Santoy Gap deposit will
have a positive impact on our production profile," stated Mike Sylvestre, Interim President and CEO. "The significance
of these results is that all three structures hosted within the Santoy Gap continue to demonstrate economic grades
and widths. The Santoy Gap deposit contains more gold ounces per vertical metre than other ore bodies in the camp
and, based on that, we have the opportunity to improve productivity and margins."
Santoy Gap Development Update
The Santoy Gap development is currently ahead of schedule with long-hole production now underway. Long-hole
production was originally expected to begin in the fourth quarter of 2014. From May through July, the Santoy Gap
produced approximately 13,000 tonnes at 7.1 grams of gold per tonne. Thus far, the average grade has been 8%
higher than the Santoy Gap Mineral Reserve grade of 6.4 grams of gold per tonne. Year to date, the Santoy Gap has
had a positive impact on production from the Santoy Mine Complex with overall grades improving to 5.65 grams of
gold per tonne in the second quarter versus the 3.66 grams of gold per tonne during the first quarter of this year.
Production ramp up at the Santoy Gap is well ahead of schedule and will become the main contributor of tonnes and
ounces mined from the Santoy Mine Complex for the remainder of 2014. Production tonnage from Santoy Gap is
expected to average 300 to 400 tonnes per day during the fourth quarter, which is well above the budgeted throughput
of 200 tonnes per day.......(more at http://www.newswire.ca/en/story/1409268/claude-resources-drills-26-77-g-t-gold-over-8-7-m-and-initiates-long-hole-production-at-santoy-gap
Claude Resources Inc. Receives Final Payment of $2.5 Million Cash from Madsen Gold Project Sale
Trading Symbols: TSX: CRJ; OTCQB: CLGRF
SASKATOON, SK, Sept. 5, 2014 /CNW/ - Claude Resources Inc. ("Claude" and or the "Company") today announced that it has received the final payment relating to the sale of the Madsen Gold Project to Pure Gold Mining Inc. ("PGM") (previously Laurentian Goldfields Ltd.).
The final payment of CDN $2.5 million cash was in addition to the CDN $6.25 million cash Claude received at the closing of the transaction. The Company also received approximately 9.8 million shares of PGM. Since July, the Company has sold approximately 5.7 million shares of PGM and now currently owns approximately 4.1 million shares
Hopefully, none of the sharks will go hungry.
http://www.fpficreditorstrust.com/distributions/14thDistributionPaymentRegister_Group.pdf
Interesting 92% move today on 1500 shares. While the trading volume is very low, it has been somewhat consistent. Could someone be accumulating and did they tip their hand today?
George Liszicasz, President and CEO of NXT Energy, noted “Although our revenue levels are lagging expectations for 2014, we are in pursuit of several high-impact projects in Mexico, the USA, South America, and the Pakistan / South Asia region. We are pleased that Mexico, as part of its extensive energy industry reforms, has finally completed its “Round Zero” process, which gives clarity and certainty on which exploration areas it will retain, and which will become open to future international bid rounds. Following this, and an extensive technical review process, NXT now has the opportunity to re-focus efforts on finalizing new survey contracts, both onshore and offshore, with Mexico’s national oil company, PEMEX. Longer term, we will also be able to pursue contract opportunities with new exploration players who will be entering the Mexico market in 2015 with their Government’s announcement of the “Round One” exploration blocks that will be made available for bidding.”
Next stop, 10Q and K. Don't get too excited.
Nokia Maps Chief Said to Leave After Strategy Discord
By Adam Ewing - Aug 20, 2014
Nokia Oyj (NOK1V)’s digital-maps head Michael Halbherr is leaving the Finnish company after a disagreement about his division’s strategy with Chief Executive Officer Rajeev Suri, said people with knowledge of the matter.
There’s an internal debate over whether the unit should focus on automotive and enterprise clients or also continue to target consumers, said one of the people, who asked not to be identified because the matter is confidential. Nokia said today Halbherr, 49, will step down to pursue entrepreneurial interests.
The executive, who joined Nokia in 2006, spearheaded the company’s effort to challenge rivals such as Google Inc. in maps and broaden its revenue sources beyond wireless-network equipment. Nokia, based in Espoo, Finland, is reshaping itself and expanding into new fields after selling its mobile-phone unit to Microsoft Corp. (MSFT) for about $7.5 billion in April.
Halbherr, who is based in Berlin, declined to comment. Nokia said in a statement he is leaving Sept 1. Mark Durrant, a Nokia spokesman, declined to elaborate.
“Now the time is right for me to focus once again on entrepreneurial activities,” Halbherr said in the statement.
Cliff Fox, a senior vice president at the maps unit, called Here, will become acting chief.
Nokia built its location-technologies business by buying Chicago-based map provider Navteq Corp. for $8.1 billion in 2008 and 3-D map-technology maker Earthmine Inc. in 2012. Nokia provides map data to Amazon.com Inc., Microsoft, Yahoo! Inc. and about four out of five car-navigation systems.
The unit broke even last quarter, excluding some items, and had sales of 232 million euros ($308 million), accounting for about 8 percent of Nokia’s revenue. The division had about 6,000 employees at the end of June, representing 11 percent of Nokia’s workforce.
Nokia shares rose 4.5 percent to 6.22 euros at 6:01 p.m. in Helsinki. They have more than doubled in the past year.
To contact the reporter on this story: Adam Ewing in Stockholm at aewing5@bloomberg.net
To contact the editors responsible for this story: Kenneth Wong at kwong11@bloomberg.net Ville Heiskanen
®2014 BLOOMBERG L.P. ALL RIGHTS RESERVED.
Change in the air.
News pending this morning.
At this level, anything is possible but .60 seems unlikely with the specter of crisis looming around every corner.
Investors are much too comfortable with debt fueled stocks and positively sanguine about all the turmoil raging around the globe. There's golden blood in the streets my friend, but very few understand that august axiom.
Fluff before the hard news, to ease the pain of waiting, waiting, waiting.......
But not completely......
Eco-Safe Management Reorganization Generates Results
Wed August 13, 2014 6:00 AM|Marketwire | About: ESFS
LOS ANGELES, CA -- (Marketwired) -- 08/13/14 -- Eco-Safe Systems USA, Inc. (ESFS) is pleased to announce that management changes instituted late last year have produced positive results.
Michael Elliot, CEO of Eco-Safe, stated, "The change in management that began on 11/1/13 has been successful in generating substantial business. Specifically, the company has received and fulfilled a qualifying purchase order for five enhanced restaurant systems for a major restaurant chain. These successful installations are preliminary to a significant purchase order for additional locations across the USA. Eco-Safe has also developed and delivered a customized national training program at the request of this chain."
Elliot continued, "I am also pleased to report that we have sold additional systems to a major client in the Middle East, and are servicing the systems remotely because of our advanced system's design. Also, we have sold the first of many restaurant systems to a major company based in Mexico. In the pipeline, we have pending proposals and site assessment meetings with some of the largest and most respected companies in the Food Industry. In part, this has been made possible by the fact that all of the company's systems are NSF Registered, a must for food safety issues. We continue to service all of our domestic systems from Hawaii to the East Coast with Eco-Safe trained and certified personnel."
About Eco-Safe Systems:
Eco-Safe Systems, based in Los Angeles, is the manufacturer of patent pending water treatment and water reclamation systems. Our technologies produce ozonated water for food disinfection and water purification at significantly less maintenance cost and greater energy savings than our competitors in a completely green and organic manner. We currently offer supermarkets and restaurants a cost-effective way to safely extend the shelf- life of meat, poultry, seafood, fruits and vegetables. All Food Industry products are National Sanitation Foundation, International (NSF) Registered. Please visit us at www.ecosafeusa.com for more information.
Sandstorm Gold announces strategic investment in Luna Gold
Date : 08/05/2014 @ 5:10PM
Source : PR Newswire (Canada)
Stock : Sandstorm Gold Ltd. Ordinary Shares (Canada) (SAND)
Quote : 6.03 0.04 (0.67%) @ 9:45AM
Sandstorm Gold announces strategic investment in Luna Gold
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VANCOUVER, Aug. 5, 2014 /CNW/ - Sandstorm Gold Ltd. ("Sandstorm" or the "Company") (NYSE MKT: SAND, TSX: SSL) has agreed to enter into a strategic investment agreement (the "Investment Agreement") with Luna Gold Corp. ("Luna"), as part of which, Sandstorm will participate in a Luna non-brokered private placement (the "Placement").
Strategic Investment Agreement
The Placement involves Luna issuing up to 30 million common shares (the "Placement Shares") at a price of $1.02 per share, for gross proceeds of up to $30,600,000. Pursuant to the Investment Agreement, Sandstorm will purchase a minimum of 19.5 million of the Placement Shares, which when combined with the 8.5 million shares of Luna already owned by the Company, will result in Sandstorm becoming the largest shareholder of Luna, owning approximately 19.8% of Luna's issued and outstanding shares. Sandstorm will have the right to maintain its ownership percentage of Luna through future private placements or public offerings so long as the Company owns greater than 15% of Luna's issued and outstanding shares.
The Placement is necessary due to a combination of lower than estimated cash flow and cost overruns at Aurizona, also requiring Luna to delay the completion of the Phase One Expansion at the mine. Luna has revised its 2014 production guidance to a range of 75,000 to 80,000 ounces of gold.
The Investment Agreement will allow Sandstorm to appoint one member to Luna's Board of Directors. David Awram, Senior Executive Vice President of Sandstorm, will assume the Luna directorship role. The Chairman of Luna's Board of Directors, Luis Baertl, has resigned and will be succeeded by the current Lead Independent Director, Steven Krause. Mr. Baertl will remain a Director of Luna.
Gold Stream Discussions
Sandstorm and Luna have commenced discussions related to the potential modification of the Aurizona gold stream. The focus of the discussions is to explore opportunities that will increase value for both Sandstorm and Luna shareholders with the goal of improving Luna's access to capital, accelerating production and cash flow to both Sandstorm and Luna and leveraging the highly prospective brownfields and greenfields exploration targets. Sandstorm currently holds a gold stream agreement to purchase 17% of the life of mine gold produced from the open-pit operations at Aurizona at a per ounce price of US$404 (increasing 1% annually).
Sandstorm's President and CEO Nolan Watson commented, "The interests of Sandstorm and Luna are very much aligned and we are committed to working together in order to unlock as much value as possible for our respective shareholders."
Prior to completion of the Placement, Sandstorm owned 8.5 million shares of Luna (approximately 7%) and upon completion of the Placement, Sandstorm will have ownership of 28 million shares of Luna (approximately 19.8%). The Placement Shares will be acquired for investment purposes. Sandstorm does not have any present intention to acquire ownership of, or control over, additional securities of Luna. It is the intention of Sandstorm to evaluate its investment in Luna on a continuing basis and such holdings may be increased or decreased in the future. The common shares of Luna are listed on the TSX, and the Placement Shares will be issued from treasury. The Placement and the issuance of the Placement Shares are conditional upon receipt of approval of the Toronto Stock Exchange. Sandstorm relied on Section 2.10 of National Instrument 45-106 - Prospectus and Registration Exemptions in the acquisition of the Placement Shares. The address of Sandstorm for the purposes of National Instrument 62-103 – Take-over Bids and Special Transactions is 400 Burrard Street, Suite 1400, Vancouver, British Columbia V6C 3A6. A copy of Sandstorm's Early Warning Report will be available on Luna's profile on SEDAR at www.sedar.com or by contacting Sandstorm at the numbers shown below.
( AVCVF AVC.V ) American Vanadium's CellCube(TM) Included in HOMER Microgrid Software
Vancouver, BC / ACCESSWIRE / August 6, 2014 / AMERICAN VANADIUM CORP. ("American Vanadium" or the "Company") (TSX.V: AVC) (OTCQX: AVCVF) is pleased to announce that CellCube vanadium flow energy storage systems are now included in HOMER Microgrid Software. HOMER(R) is a software platform originally created at the US Department of Energy's National Renewable Energy Laboratory which has been used by approximately 100,000 people to design and analyze remote off grid electrical systems as well as grid integrated microgrids.
A webinar explaining the HOMER model as it applies to the CellCube system will be conducted by HOMER Energy and American Vanadium in the near future. For more information, contact the Company at sales@americanvanandium.com.
"With Navigant Research predicting the dramatic growth of all microgrid segments in the next decade, particularly the remote and island microgrid sector, we are very excited that the current HOMER user base as well as our future customers will have access to this powerful design and modeling tool for the CellCube system," said Bill Radvak, President and CEO of American Vanadium. "This will be extremely helpful as clients analyze the viability and benefits of utilizing our systems in both existing and proposed microgrid systems."
HOMER is now distributed exclusively by HOMER Energy LLC. HOMER Energy is a focal point for microgrid development as most microgrid projects have employed the HOMER (Hybrid Optimization of Multiple Energy Resources) software at some point in the process.
"The reality is that microgrids are economically viable today where diesel generators are the primary or sole source of power," says HOMER Energy CEO Peter Lilienthal, "This is typically in islanded or other remote locations. Our software enables the implementation of the right systems by optimizing technology and economics at the same. We are pleased to offer the CellCube energy storage systems as a potential solution to our customers' challenges and to help make remote generation more efficient."
About HOMER Energy
HOMER Energy LLC is the global leader in the design and analysis of remote microgrids. The HOMER (Hybrid Optimization of Multiple Energy Resources) software has over 100,000 users worldwide. HOMER Energy provides the HOMER software, consulting, training, analytical services, and community market access tools to professionals, researchers, and enthusiasts in the energy industry who desire to analyze and optimize distributed power systems and systems that incorporate high penetrations of renewable energy sources. Visit http://homerenergy.com for more information.
About American Vanadium Corp.
American Vanadium is an integrated energy storage company and the Master Sales Agent in North America for GILDEMEISTER energy solution's CellCube energy storage system. The CellCube is the world's only commercially available vanadium flow battery, providing long duration solutions over a 20+ year life for a broad range of applications including renewable energy integration and demand charge reduction. CellCube is a powerful, durable and reliable energy storage system that ensures a clean, emission-free energy supply at all times. American Vanadium is developing the Gibellini Vanadium Project in Nevada to be the only dedicated vanadium mine in the United States, providing a critical source of vanadium electrolyte for CellCube energy storage systems.
ON BEHALF OF THE BOARD
Bill Radvak, President and CEO
For further information, please contact: Dan Schieber, Director, Corporate Finance
(604) 681-8588 X 106
dschieber@americanvanadium.com
www.americanvanadium.com
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
SOURCE: American Vanadium Corp.
Whoa! Did someone have some extra pocket change or do they know something?
Assuming continued profitability and rising gold prices, it's hard to see CLGRF at less than a dollar by this time next year.
The stars may be aligning for CLGRF today.