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Corporate Release
PRESS RELEASE
AMERICAN VANADIUM ANNOUNCES FIRST CELLCUBE™ VANADIUM FLOW BATTERY INSTALLATION IN NEW YORK
NYSERDA Partners for Commercial Demonstration of Energy Storage at MTA Headquarters at 2 Broadway in Downtown Manhattan
AMERICAN VANADIUM CORP. (“American Vanadium” or the “Company”) (TSX.V: AVC) (OTCQX: AVCVF) announces it will partner with the New York State Energy Research and Development Authority (NYSERDA) to demonstrate the CellCube™ vanadium redox flow energy storage system. The Metropolitan Transportation Authority (MTA) and the New York City Transit (NYCT) Office of Strategic Innovation and Technology will host this demonstration at the MTA’s Energy Star Certified facility at 2 Broadway in downtown Manhattan. ConEdison and the Advanced Energy Research Technology Center (AERTC) at Stony Brook will also support this effort.
This demonstration is intended to augment existing successful facility energy management measures at the MTA’s 1.6 million square foot office building. The CellCube™ batteries will complement an automated demand response system developed for the building by Lawrence Berkley National Laboratory and previously funded by NYSERDA. The project will demonstrate how vanadium flow battery technology, capable of multi-hour and multi-megawatt energy storage, can enable NYC commercial buildings to be “smarter” about how and when they use energy, and provide resiliency in times of need.
“New York is clearly creating a leading energy storage marketplace and the knowledge gained from this demonstration will help realize gains in building and grid energy efficiency, save money for electric ratepayers and, importantly, add a new weapon to the arsenal of resiliency tools in the event of future grid outages,” said Bill Radvak, President & CEO of American Vanadium Corp. “As we continue the development of the only vanadium mine in the United States to provide the critical source of vanadium electrolyte for these advanced battery systems, we are honored to be working on this groundbreaking energy storage installation with the MTA, one of the largest energy consumers in the United States.”
The CellCube™ is a fully commercial energy storage system that has been sold and installed across Europe, Asia and Africa, with more than 60 systems currently in operation at customer sites worldwide. The CellCube™ system is modular and can serve loads from 10kW to multi-MWs and, as a flow battery, the system excels at providing multiple hours of energy for long-duration requirements.
Dr. William Acker, Executive Director of the New York Battery and Energy Storage Technology consortium (NY-BEST), stated, “New York State is actively pursuing commercially ready technologies that will help grow a clean energy economy and improve the reliability, efficiency and overall performance of our electric power delivery system. This project will demonstrate the important role energy storage can play in helping consumers save money, reduce peak load demands and provide the grid serving New York with stored energy during times of shortage or disruption.”
American Vanadium is the Master Sales Agent in North America for the CellCube™ systems which are manufactured by Gildemeister. Additionally, American Vanadium controls the only vanadium deposit in the United States and, together with Gildemeister, they plan to establish CellCube™ sales and manufacturing capabilities in New York State.
About the New York State Energy Research and Development Authority
NYSERDA, a public benefit corporation, offers objective information and analysis, innovative programs, technical expertise, and funding to help New Yorkers increase energy efficiency, save money, use renewable energy, and reduce their reliance on fossil fuels. NYSERDA professionals work to protect our environment and create clean-energy jobs. NYSERDA has been developing partnerships to advance innovative energy solutions in New York since 1975. To learn more about NYSERDA’s programs and funding opportunities, visit nyserda.ny.gov or follow us on Twitter, Facebook, YouTube, Instagram.
About the New York Battery and Energy Storage Technology Consortium (NY-BEST)
NY-BEST is a non-profit corporation established in 2010 with support from the New York State Energy Research and Development Authority (NYSERDA) to position New York State as a global leader in energy storage technology. An industry-led consortium with more than 130 members, NY-BEST's mission is to catalyze and grow the energy storage industry and establish New York State as a global leader in the energy storage industry. Visit NY-BEST on the web at www.ny-best.org.
About American Vanadium Corp.
American Vanadium is an integrated energy storage company that markets and sells GILDEMEISTER’S CellCube™ vanadium redox flow batteries in North America. American Vanadium is developing the only vanadium mine in the United States, providing a critical source of North American-sourced vanadium electrolyte for CellCube™ energy storage systems. The Company’s Gibellini Vanadium Project, located in Nevada, is being designed to economically produce vanadium electrolyte for the energy storage industry, as well as vanadium products for the steel and alloying industries.
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 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.
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Forward-Looking Statements
Forward-Looking Statements: This press release contains “forward-looking information” within the meaning of applicable Canadian securities laws, including statements with respect to obtaining shareholder approval, use of proceeds, future plans and objectives for the Gibellini Project and the energy storage business. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of American Vanadium to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Forward-looking information includes estimates of mine production rates and mine life, revenues from future mining operations, capital and operating costs, and pay-back period. Factors that may cause actual results to vary include, but are not limited to, changes in project parameters as plans continue to be refined; future prices of vanadium; possible variations in reserves, grade or recovery rates; changes to capital and operating cost estimate, delays in obtaining governmental approvals or financing or in the completion of development or construction activities. We may not have adequate capital, financing or cash flow to sustain our business or implement our business plans. Statements contemplating or making assumptions regarding actual or potential sales, market size and demand, prospective business contracts, customer orders or trends in the energy storage market constitute forward looking statements. Our actual results may differ from those indicated in forward looking statements as the energy storage and renewable energy generation business is subject to significant economic, competitive, regulatory, business and industry risks which are difficult to predict and many of which are beyond our control. Our business performance may be adversely affected by a general decline in the economy, unavailability of capital or financing for prospective customers to purchase products and services from us, competition, changes in regulations, a decline in the demand for energy storage and other risks. Although American Vanadium has attempted to identify important factors that could cause actual results to differ materially from those contained in forward- looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. American Vanadium does not undertake to update any forward- looking statements, except in accordance with applicable securities laws.
I see 500,000 shares sitting at .056 on the Level II sell side. It will be interesting to see if those get taken out today. I'm holding all my current shares until there is more clarity on exactly what is going on.
IH seems to be double posting everything today.
If any long discouraged legacy investors are paying attention, it might be time to remove those sell triggers. Just sayin'.
Fairly large blocks going through. Daily volume just over 400,000 so far today. (12:35 EST)
Buying has picked up again today after a brief respite. Could it be that one or more individuals believe there is something worth more than .05 here?
I suppose we have to invest money to make money, and the NYC MTA is a high profile customer. If and when they agree to pay the full cost of installing follow on units, we should be off to the races.
I suppose we have to invest money to make money, and the NYC MTA is a high profile customer. If and when they agree to pay the full cost of installing follow on units, we should be off to the races.
American Vanadium to Install Battery System in New York
American Vanadium Corp. (AVC), owner of the only known U.S. deposit of the metal, agreed to install an energy-storage system designed to reduce power costs for the agency that operates New York’s subways and buses.
The $1.2 million project will feature three vanadium-flow batteries at a Metropolitan Transportation Authority building in downtown Manhattan, the Vancouver-based company said today in a statement.
"The system is expected to validate the company’s technology as a way to cut utility bills. The MTA plans to charge the batteries at night when power is cheap and discharge them when energy is more expensive, said Bill Radvak, American Vanadium’s chief executive officer.
“The MTA wants it there as they are big believers in energy storage,” Radvak said in an interview. “This is a very high profile site that will stimulate the market.” American Vanadium is paying about $700,000 and the New York State Energy Research and Development Authority will pay another $500,000.
Demand for power storage is growing, driven in part by wider use of battery systems to complement rooftop solar-power projects and electric vehicles. Tesla Motors Inc. (TSLA) on Feb. 26 announced plans for a $5 billion factory to cut the cost and increase the supply of batteries for both homes and its electric cars. California regulators in October ordered the state’s utilities to buy 1,325 megawatts of energy storage by 2020."
Link to full article
http://www.bloomberg.com/news/2014-04-23/american-vanadium-to-install-battery-system-in-new-york.html
Sandstorm Gold Announces Plan of Arrangement to Acquire Sandstorm Metals & Energy
VANCOUVER, April 21, 2014 /PRNewswire/ - Sandstorm Gold Ltd. ("Sandstorm Gold" or the "Company") (NYSE MKT: SAND, TSX: SSL) has entered into a definitive arrangement agreement ("Arrangement Agreement") with Sandstorm Metals & Energy Ltd. ("Sandstorm Metals") (TSX-V: SND) pursuant to which Sandstorm Gold will acquire all of the issued and outstanding shares (the "Sandstorm Metals Shares") of Sandstorm Metals other than the Sandstorm Metals Shares currently owned by the Company. The transaction will be implemented by way of a statutory plan of arrangement (the "Arrangement") under the Business Corporations Act (British Columbia).
Upon completion of the Arrangement, Sandstorm Gold will issue to each holder of a Sandstorm Metals Share 0.178 of a common share of Sandstorm Gold (each whole common share, a "Sandstorm Gold Share") and CAD$0.35 to be paid in cash (together, with the fractional Sandstorm Gold Share, the "Consideration"). The value of the Consideration represents a 43% premium over the closing price of the Sandstorm Metals Shares on the TSX Venture Exchange (the "TSXV") on April 21, 2014, the last day of trading prior to the announcement of the Arrangement, and based on the closing price of the Sandstorm Gold Shares on the Toronto Stock Exchange (the "TSX") of CAD$5.99 on April 21, 2014. The terms of the Arrangement value Sandstorm Metals at $1.42 per share or approximately CAD$49 million.
The Arrangement is subject to the approval of at least two-thirds of the votes cast by Sandstorm Metals shareholders at an annual general and special meeting of Sandstorm Metals shareholders, which is expected to be held on May 27, 2014. Completion of the Arrangement is also subject to certain approval(s) of the British Columbia Supreme Court, the TSX, the NYSE MKT, the TSXV, the receipt of all other necessary regulatory and third party approvals, and other customary conditions. In addition, the Arrangement Agreement includes standard non-solicitation and superior proposal provisions and Sandstorm Metals has provided Sandstorm Gold with certain other customary rights, including a right to match competing offers. Following the completion of the Arrangement, current shareholders of Sandstorm Metals, excluding Sandstorm Gold,will hold approximately 5.2% of the issued and outstanding shares of Sandstorm Gold. The Sandstorm Gold board of directors has approved the Arrangement and the transaction is not subject to approval by the shareholders of Sandstorm Gold.
None of the securities to be issued pursuant to the Arrangement Agreement have been or will be registered under the United State Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws, and any securities issued in the Arrangement are anticipated to be issued in reliance upon available exemptions from such registration requirements pursuant to Section 3(a)(10) of the U.S. Securities Act and applicable exemptions under state securities laws. This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities.
As of the date of this press release, holders of a total of 6.85 million Sandstorm Metals Shares, representing approximately 19.8% of the issued and outstanding shares, have entered into lock-up agreements committing them to vote in favour of the Arrangement.
Sandstorm's CEO Nolan Watson commented, "Sandstorm's management team is excited to be able to focus all of our future time and attention on gold. The acquisition of Sandstorm Metals will provide Sandstorm Gold shareholders with approximately US$4 million of annual royalty revenue from operating mines as well as royalties on advanced exploration and development assets including Canadian Zinc Corporation's Prairie Creek Mine and Entrée Gold Inc.'s Hugo North Extension and Heruga deposits. In addition, Sandstorm Gold will be able to benefit from the use of Sandstorm Metals non-capital loss carry forwards for tax purposes as well as cash expected to be received upon the monetization of non-core assets including various coal, oil and natural gas assets." Mr. Watson added, "Sandstorm Gold has significant cash on hand, significant cash flow from operations and is debt free. We are in a tremendous position to be able to grow the company through the acquisition of gold streams and royalties and we will now have our entire team focused solely on this task."
A conference call will be held on Tuesday, April 22, 2014 starting at 9:30am PDT to further discuss the Arrangement. To participate in the conference call use the dial-in numbers below. It is recommended that participants dial in five minutes prior to the commencement of the conference call. To access an audio webcast of the conference call, click here. The webcast will also be available on the Sandstorm website.
Local/International: 647-788-4916
North American Toll-Free: 877-214-4966
Details of the Arrangement, including a summary of the terms and conditions of the Arrangement Agreement, will be disclosed in a Management Information Circular of Sandstorm Metals which will be mailed to shareholders of Sandstorm Metals and will also be available on SEDAR at www.sedar.com.
Cormark Securities Inc. is acting as financial advisor to Sandstorm Gold, Cassels Brock & Blackwell LLP is acting as its legal counsel, and Neal, Gerber & Eisenberg LLP is acting as its U.S. securities counsel. Paradigm Capital Inc. is acting as financial advisor to the Independent Special Committee of Sandstorm Metals and Beadle Raven LLP is acting as its legal counsel.
ABOUT SANDSTORM GOLD
Sandstorm Gold Ltd. is a gold streaming company. Sandstorm provides upfront financing to gold mining companies that are looking for capital and in return, receives a gold streaming agreement. This agreement gives Sandstorm the right to purchase a percentage of the gold produced from a mine, for the life of the mine, at a fixed price per ounce. Sandstorm has acquired a portfolio of eight gold streams and twenty-seven gold royalties, thirteen of which are producing gold. Sandstorm plans to grow and diversify its low cost production profile through the acquisition of additional gold streams.
Sandstorm is focused on low cost operations with excellent exploration potential and strong management teams. Sandstorm has completed gold stream agreements with Entrée Gold Inc., Luna Gold Corp., Metanor Resources Inc., Mutiny Gold Ltd., Primero Mining Corp., Rambler Metals and Mining plc., Santa Fe Gold Corp., and SilverCrest Mines Inc.
For more information visit: www.sandstormgold.com.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION
This press release contains "forward-looking statements", within the meaning of the U.S. Securities Act of 1933, the U.S. Securities Exchange Act of 1934, the Private Securities Litigation Reform Act of 1995 and applicable Canadian securities legislation, concerning the business, operations and financial performance and condition of Sandstorm Gold Ltd. ("Sandstorm"). Forward-looking statements include, but are not limited to, statements with respect to the annual general and special meeting of Sandstorm Metals and the mailing of meeting materials in respect thereof; the completion of the Arrangement, including the receipt of court and stock exchange approvals, and the entering into of lock-up agreements with certain holders of Sandstorm Metals Shares. Forward-looking statements can generally be identified by the use of forward-looking terminology such as "may", "will", "expect", "intend", "estimate", "anticipate", "believe", "continue", "plans", or similar terminology.
Forward-looking statements are made based upon certain assumptions and other important factors that, if untrue, could cause the actual results, performances or achievements of Sandstorm to be materially different from future results, performances or achievements expressed or implied by such statements. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which Sandstorm will operate in the future, including the price of gold and anticipated costs. Certain important factors that could cause actual results, performances or achievements to differ materially from those in the forward-looking statements include, amongst others, gold price volatility, discrepancies between actual and estimated production, mineral reserves and resources and metallurgical recoveries, mining operational and development risks relating to the parties which produce the gold Sandstorm will purchase, regulatory restrictions, activities by governmental authorities (including changes in taxation), currency fluctuations, the global economic climate, dilution, share price volatility and competition.
Forward-looking statements are subject to known and unknown risks, uncertainties and other important factors that may cause the actual results, level of activity, performance or achievements of Sandstorm to be materially different from those expressed or implied by such forward-looking statements, including but not limited to: the impact of general business and economic conditions, the absence of control over mining operations from which Sandstorm will purchase gold and risks related to those mining operations, including risks related to international operations, government and environmental regulation, actual results of current exploration activities, conclusions of economic evaluations and changes in project parameters as plans continue to be refined, risks in the marketability of minerals, fluctuations in the price of gold, fluctuation in foreign exchange rates and interest rates, stock market volatility, as well as those factors discussed in the section entitled "Risks to Sandstorm" in Sandstorm's annual report for the financial year ended December 31, 2013 available at www.sedar.com. Although Sandstorm has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Sandstorm does not undertake to update any forward looking statements that are contained or incorporated by reference, except in accordance with applicable securities laws.
SOURCE Sandstorm Gold Ltd.
http://www.prnewswire.com/news-releases/sandstorm-gold-announces-plan-of-arrangement-to-acquire-sandstorm-metals--energy-256084841.html
That's the $64,000 question! I suspect news might come out soon, but then again, maybe Mr. Kiel is just as clueless as all the rest of us.
It appears we have a dying business model where the remaining crumbs are being invested in real estate as a desperate way of keeping the corporate entity alive, albeit on life support. Were it not for recent activity by Jeffrey Moore and Steven Kiel, the only decision for us clueless legacy investors would be when to sell for the tax loss. Now we're forced to wonder what these two players are up to. This may turn out to be better than the final season of Mad Men - or not.
13D
http://www.sec.gov/Archives/edgar/data/1096934/000154884114000003/0001548841-14-000003-index.htm
Steven L. Kiel
Arquitos Capital Partners, LP
4910 Sunset Lane
Annandale, VA 22003
(571) 766-8089
TRANSACTIONS IN THE SHARES
60 Day Transaction History
Trans. Date Qty Price
BUY 4/15/2014 80000 0.05
BUY 4/15/2014 20000 0.047
BUY 4/15/2014 100000 0.047
BUY 4/15/2014 95000 0.047
BUY 4/15/2014 5000 0.046
BUY 4/15/2014 72900 0.05
BUY 4/15/2014 27100 0.0499
BUY 4/15/2014 10000 0.046
BUY 4/14/2014 44800 0.05
BUY 4/14/2014 100000 0.05
BUY 4/14/2014 100000 0.05
BUY 4/11/2014 10200 0.044
BUY 4/10/2014 100000 0.05
BUY 4/10/2014 55000 0.05
BUY 4/10/2014 200000 0.05
BUY 4/10/2014 15000 0.049
BUY 4/9/2014 66000 0.05
BUY 4/9/2014 5000 0.05
BUY 4/9/2014 25000 0.05
BUY 4/9/2014 100000 0.05
BUY 4/8/2014 70 0.044
BUY 4/8/2014 105250 0.05
BUY 4/8/2014 300000 0.05
BUY 4/8/2014 95000 0.049
BUY 4/8/2014 20000 0.0485
BUY 4/8/2014 3750 0.0485
BUY 4/8/2014 10000 0.0485
BUY 4/8/2014 29100 0.045
BUY 4/7/2014 50000 0.0425
BUY 4/4/2014 5000 0.0425
BUY 4/1/2014 5000 0.0425
BUY 3/25/2014 10000 0.0395
BUY 3/24/2014 5000 0.0395
BUY 3/21/2014 10000 0.038
SELL 3/11/2014 11525 0.04
SELL 3/3/2014 56000 0.04
SELL 3/3/2014 100000 0.04
SELL 2/25/2014 175000 0.041
Hecla Mining Company (NYSE:HL) Reports Production Improvement, Efficiency
Posted on Apr 16 2014 - 9:06am by Brendan Byrne
Hecla Mining Company (NYSE:HL)NYSE:HL
Boston, MA 04/16/2014 (wallstreetpr) – Hecla Mining Company (NYSE:HL) expects to report its fiscal 2014 first quarter May 5. However, ahead of the earnings release, the company provided an update of its production during the quarter ended March 31. The company produces silver, gold, zinc and lead.
The company announced its first quarter production was stronger compared to the levels realized in the comparable quarter of 2013. Notable improvement was registered at the Luck Friday unit while Greens Creek continued to deliver consistent operating performance. According to the company’s chief executive Philips S. Baker Jr., the steady production levels that have been noted over the past quarters goes all the way to suggest improving fundamentals in Hecla Mining Company (NYSE:HL).
Production update
Hecla Mining Company (NYSE:HL) announced that silver production at Lucky Friday increased significantly over the levels realized a year ago. About 699,600 ounces of silver were produced, about four times the 120,000 ounces of silver produced in the first quarter of 2013. Sequentially, silver production at Lucky Friday jumped 9 percent. Production at the mine was restarted in the first quarter of 2013.
At Green Creek, 1.8 million ounces of silver were produced, being flat year-over-year as well as sequentially. Hecla Mining Company (NYSE:HL) announced consistent production at Greens Creek was possible due to the continued investment towards reducing risks at the facility. That has been happing since Hecla assumed full ownership of the mill.
Gold production
During the first quarter gold production at Cesa Beradi remained flat to the levels at the fourth quarter of 2013. The operating performance of the mill averaged at 2,066 tpd during the first quarter.
In conclusion
While Hecla Mining Company (NYSE:HL) expects to see more improvement in its production activities with the aim of improving revenue, the management is excited by increasing levels of efficiency at the various mills. Mr. Baker observed that the company expects to realize improved cash position as it incurs fewer production costs. The company had about $205 million in cash at the end of the quarter, suggesting that the business continues to improve its financial position
Wake up guys, they apparently got the engine started.
Claude Resources Inc. Reports Full Year 2013 Results
http://www.prnewswire.com/news-releases/claude-resources-inc-reports-full-year-2013-results-253186771.html
Whew! I'm gad we've got that ugliness behind us now.
For only $1190, you can have the comprehensive report described below, or approximately 3500 shares of AVCVF, a corporation potentially capable of bringing the only vanadium mine in the United States into production next year. Choose wisely.
China Leads World Vanadium Market, According to In-demand Report by Merchant Research & Consulting
Comprehensive analysis and forecast of the vanadium market at different geographical levels can be found in the in-demand research study “Vanadium: 2014 Market Review and Forecast” worked out by Merchant Research & Consulting and recently published by Market Publishers Ltd. According to the report, China is an unrivalled leader in the global vanadium industry.
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TD The Market Publishers Ltd
London, UK (PRWEB) March 25, 2014
In 2012, the world total reserves of vanadium were estimated at around 14 million tones. China, Russia and South Africa possess the most substantial reserves of the material. In the same year, the global vanadium production registered a 0.8% YoY increase and totaled more than 62,800 tonnes of vanadium content. China ranked first in the world in terms of vanadium production, accounting for just over 36.5% of the total production. American Vanadium Corp., AMG Vanadium, Strategic Minerals Corporation (Stratcor), Evraz Group, JSC Uralredmet, Beihai Special Ferroalloy Group, Dalian Galaxy Metal Material and Fuzhou Fuyuan Nonferrous Metal Products are amid the entrenched players in the world vanadium market.
The global vanadium market is expected to have a positive outlook for the 2014-2018 years. The world vanadium production is poised to witness a nearly 1.5% YoY increase through 2018. As for 2016, the volume of the global vanadium production is anticipated to climb to around 66,700 tonnes of vanadium content.
Comprehensive analysis and forecast of the vanadium market at different geographical levels can be found in the in-demand research study “Vanadium: 2014 Market Review and Forecast” worked out by Merchant Research & Consulting and recently published by Market Publishers Ltd. The report offers a close look at the present situation and historical background of the market; provides industry future outlook; uncovers accurate data showing vanadium capacities, production, demand, foreign trade statistics, and reviews regional price fluctuations.
Report Details:
Title: Vanadium: 2014 Market Review and Forecast
Published: January, 2014
Pages: 81
Price: US$ 1,190.00
marketpublishers.com/report/industry/metallurgy/vanadium_market_review.html
The topical report presents the accurate information on the performance of the vanadium market alongside with profound insights into the actual and historical market scenario. The study offers a broad range of valuable data illustrations vanadium capacities, production/demand and foreign trade. It contains an insightful overview of the key country and regional vanadium markets, investigates the top market trends, describes the present feedstock market state, highlights the last changes in the local prices for vanadium. An in-depth assessment of the competitive climate is provided, along with a clear explanation of who stands where in the vanadium market supported by extensive profiles of the dominant companies. Additionally, the report contains the market future outlook through 2018, touches upon the industry burning issues and also throws light on the most prominent industry events.
Up 10% on slightly higher than average volume with no public news. Fracking, awesome!
Hopefully, this will be the last stock based financing deal before the price of gold gets back to the profitable level for the small miners like CLGRF. Our fate hangs in the balance.
Thestreet.com call on CALL
http://www.thestreet.com/quote/CALL/details/analyst-ratings.html
Former CEO: Scarfo group made false accusations to seize firm
By Michael Boren, Inquirer Staff Writer
POSTED: March 28, 2014
CAMDEN In more than three hours of testimony spread over two days, the former chief executive of a mortgage company said that a group allegedly led by reputed mobsters made false accusations to seize control of his firm.
Dan Phillips, 64, was CEO of Texas-based FirstPlus Financial Group until 2007, when he and the company's board of directors relinquished control to an investment group.
That group, prosecutors said, was made up of lawyers and other individuals working under the direction of Nicodemo Scarfo Jr., son of jailed Philadelphia mob boss Nicodemo "Little Nicky" Scarfo, and alleged mob associate Salvatore Pelullo.
The two men allegedly made millions through the company unlawfully, spending the money on luxury cars and a yacht, among other things, prosecutors said.
Pelullo devised the plan, with a man named William Maxwell, to take over FirstPlus, prosecutors said.
The plan called for making false allegations and threatening a lawsuit against a board member of FirstPlus, forcing that person to use his influence and persuade the board to give up control of the company, prosecutors said.
Prosecutors cited a letter Wednesday as evidence of such allegations.
The letter was allegedly written by Jack Draper, who at one point worked with Phillips at the company. The letter accused Phillips of using the company as his "personal checkbook."
Phillips, who denied the allegation, said he believed someone other than Draper wrote the letter. That someone, Phillips alleged to jurors, was Maxwell, who authorities said was working with Pelullo and Scarfo to take over the company.
Maxwell's brother, John, became CEO of the company after the takeover, prosecutors say.
Draper "just wasn't capable of drafting a letter like this," Phillips said, citing the detail.
Phillips also recalled one of the first times he met Pelullo, to whom he was introduced by one of the Maxwell brothers, he said.
Phillips, in court, said that Pelullo accused him of being "asleep at the wheel" and told him that the takeover of FirstPlus would not be happening if Phillips was on top of things.
Phillips said that he eventually talked to company board members and that they decided to give up control of the company.
On Thursday, defense attorneys questioned the stability of FirstPlus before that moment, pointing to Phillips' affairs with coworkers as a sign of its fragility.
Mark Catanzaro, the attorney for John Maxwell, named two of the three women with whom Phillips admitted having affairs. "The third one, you can't even remember her name, correct?" Catanzaro said.
Phillips said he could not.
"Is that your idea of a professional atmosphere?" Catanzaro asked.
After being ordered by the judge to answer, Phillips replied, "It's not professional, no."
Michael Farrell, the attorney for Pelullo, repeatedly asked Phillips whether he was physically harmed by Pelullo. Each time, Phillips replied, "No."
The trial began in January and is expected to last at least through April.
mboren@phillynews.com
856-779-3829
http://articles.philly.com/2014-03-28/news/48666406_1_william-maxwell-dan-phillips-company
Apparently, The Street.com has upgraded CALL to a buy from a sell.
Got Milk?
Milk row threatens to sour Greece's latest bailout deal
http://www.reuters.com/article/2014/03/24/us-greece-milk-idUSBREA2N19120140324
You go, girl!
Can anyone say; "buy the dips"?
Intro updated with current share information and Facebook page link.
You sir (or madame), have impeccable timing. My best grab was .34 and my average price on 25,000 shares is .46. I have no doubt the volume will come when we have news about execution on the business plan or more stock based financing - the former, likely positive, the latter, not so much.
You sir (or madame), have impeccable timing. My best grab was .34 and my average price on 25,000 shares is .46. I have no doubt the volume will come when we have news about execution on the business plan or more stock based financing - the former, likely positive, the latter, not so much.
Simple. No revenue. (Lots of potential, however) We are all waiting for news of something concrete with respect to the business plan. The Cellcube placement was encouraging, but we really need something with the smell of money on it.
I'm a little puzzled by the apparent lack of interest in this board, considering the events of the last thirty days. Perhaps we need to start "CALL"-ing everyone.
Outstanding Share Data
The following securities are outstanding at November 21, 2013:
Common shares issued and outstanding : 46,845,198 1
Shares issuable on the exercise
of outstanding stock options: 3,849,250 2
Shares issuable on the exercise
of share purchase warrants: 15,574,158
1
In addition to the current number of issued and outstanding shares, the Company’s Board has approved for the issuance of up
to an additional 3,585,000 common shares in the form of performance-based compensatory shares or restricted share units,
whose release is subject to the achievement of strategic and financial milestones. Of these, 2,600,000 are subject to Exchange
approval.
2
Of stock options outstanding, 687,500 are vested and “in-the-money”
http://www.americanvanadium.com/cms-assets/documents/140883-187221.avc-sep-13---q3-mda-final.pdf
My hope is that the company is ensuring its survival until the inevitable sustained spike in the price of gold, at which point it will ramp up production accordingly.
Strange call from the morgue this morning: "get down here quick, this thing may have a pulse!"
il dado è tratto
Las Vegas to allow marijuana dispensaries; county advances pot biz process
http://www.lasvegassun.com/news/2014/mar/19/las-vegas-allow-medical-marijuana-dispensaries/
Claude Enters Into Royalty Transaction with Orion Mine Finance
March 20, 2014 - Saskatoon, Saskatchewan, Canada: Claude Resources Inc. (“Claude” and or the “Company”)
(TSX: CRJ; OTCQB: CLGRF) today announced that it has completed a Net Smelter Return (“NSR”) royalty agreement
with Orion Mine Finance Fund (“Orion”) on the Seabee Gold Operation for proceeds of U.S. $12 million for a three (3)
percent NSR.
Neil McMillan, President and CEO stated, “Orion’s partnership comes at a pivotal time for Claude and specifically for
the Seabee Gold Operation as we move the Santoy Gap into our production profile. Orion’s confidence in our
long-term plan demonstrates the opportunities that exist at the Seabee Gold Operation to increase production,
margins and, in turn, shareholder value. The combination of the royalty proceeds and the sale of the Madsen Gold
Project provide the Company with the financial strength to execute on our long-term plan.”
Transaction Summary
Under the terms of the NSR, Claude will receive U.S. $12 million for a three (3) percent NSR on production from the
Seabee Gold Operation. The NSR provides Claude with the option to repurchase half or 1.5 percent of the 3 percent
NSR for U.S. $12 million, expiring on December 31, 2016. The NSR payments will be paid quarterly in cash or in
physical gold at the average price of gold in each calendar month.
The use of proceeds from the transaction will be used for further development at the Seabee Gold Operation and for
general working capital purposes.
Medalist Capital Ltd has acted as advisor to Claude with respect to the NSR purchase.
Claude Resources Inc. is a public company based in Saskatoon, Saskatchewan, whose shares trade on the Toronto
Stock Exchange (TSX: CRJ) and the OTCQB (OTCQB: CLGRF). Claude is a gold exploration and mining company with
an asset base located entirely in Canada. Since 1991, Claude has produced over 1,000,000 ounces of gold from its
Seabee Gold Operation in northeastern Saskatchewan. The Company also owns 100 percent of the Amisk Gold
Project in northeastern Saskatchewan.
For further information please contact:
Neil McMillan, President & CEO
Phone: (306) 668-7505
or
Marc Lepage, Manager, Investor Relations
Phone: (306) 668-7501
Email:ir@clauderesources.com
Website: www.clauderesources.com
I can't help wondering how many I-Hubbers will be searching for this board today when the opening stats hit the radar screens. Should be interesting.
Then it fell to .10 but with actual support on the buy side at that price (I was able to sell a few of my dusty old shares at .10 just now). Oddly, there have been an unusual number of these long dead penny promo stocks coming alive in the past few trading days. Take a look at the last few days for RSHN, RMTD, and MCTC. Very strange.
Then it fell to .10 but with actual support on the buy side at that price (I was able to sell a few of my dusty old shares at .10 just now). Oddly, there have been an unusual number of these long dead penny promo stocks coming alive in the past few trading days. Take a look at the last few days for RSHN, RMTD, and MCTC. Very strange.
A Bentley, A Yacht And Piles of Cash; A Key Witness Describes The Lavish Lifestyle Of Salvatore Pelullo
Read more at http://www.bigtrial.net/2014/03/a-bentley-yacht-and-piles-of-cash-key.html#c5Wj6IgipXFgBC9X.99
From George Anastasia at BigTrial.net the following excerpt and link to full article. (I hope John can hold on to that bar of soap in the prison shower......NOT!)
John Maxwell, the former CEO of FirstPlus Financial and a defendant in an ongoing racketeering fraud trial, was cited for contempt of court, had his bail revoked and was carted off to the Federal Detention Center in Philadelphia Thursday. He's been a "guest" at the federal facility ever since, joining co-defendants Nicodemo S. Scarfo and Salvatore Pelullo who have been denied bail and have been jailed since their arrests in November 2011."
http://www.bigtrial.net/2014/03/defendant-jailed-for-contempt-in-fraud.html