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Smartcool Saves 30% Power Consumption At A Quick Serve Restaurant in Jamaica.
Vancouver, British Columbia--(Newsfile Corp. - October 17, 2017) - Smartcool Systems Inc. (TSXV: SSC) (OTC Pink: SSCFF) is pleased to announce the results from an initial installation at a Quick Serve Restaurant (QSR) in Kingston, Jamaica. See full article here.
From Streetwise Reports: Smartcool Hits Perfect Storm for Profits
Smartcool Hits Perfect Storm for Profits
Ron Struthers has written a great article about the technology, the products, and it's financial status.
Smartcool forms install network
CANADA: Energy-saving compressor optimisation technology company Smartcool Systems is establishing an installation and servicing network in North America.
Click here for the rest.
Smartcool Distributor Installs at McDonald's Chain in Riyadh
Read more at Stockhouse.com.
Smartcool's Partnership With LCS Energy Solutions Achieves 30% Energy Savings At Mercedes-Benz Ipswich, Part of The Jardine Motor Group
VANCOUVER, BC--(Marketwired - July 18, 2017) - Ted Konyi, CEO, Smartcool Systems Inc. (TSX VENTURE: SSC) (OTC PINK: SSCFF) is pleased to announce that the company's ECO3 energy solution product has successfully saved in excess of 30% energy at a Mercedes-Benz, Ipswich auto dealer, which is part of the Jardine Motor group.
Jardine Motors is an authorised franchisee for 23 motoring manufacturers, they operate across 70 locations and employ over 3,000 team members, operating under the successful Lancaster trading name.
LCS Energy, having identified a number of heat pumps that would benefit from Smartcool's ECO3 energy reduction product, engaged with the Smartcool engineers who then installed at the Merdeces-Benz site in Ipswich. The Mitsubishi Heat Pumps were connected via an OEM control card without downtime or any negative impact. Device level sub metering was then installed by Smartcool engineers to measure energy consumption, isolating the supply to the Mitsubishi Heat Pumps which enabled LCS Energy the ability to validate results through a fully accessed web portal. Energy data clearly showed continued savings that were in excess of 30%.
Steven Martin, Smartcool's Executive Vice President said, "This installation is the first of many from Smartcool and LCS Energy, a successful partnership that has seen this project designed and executed by the Smartcool's UK team that delivered fantastic results. The Smartcool energy solution will bring both financial and environmental benefits to The Jardine Group."
Ted Konyi stated, "Our UK team did a great job working with LCS Energy and the people at Jardine Motor Group on this project. The results from the installation further proved the efficacy of the Smartcool technology. In particular, the fact that this is a heat pump means that the client will be seeing energy savings year round. We are pleased to assist Jardine Motors in reducing their carbon footprint and look forward to working with them at the balance of their auto dealerships."
James Martin, Business Development Director at LCS Energy commented, "Following the installation of an energy monitoring solution across the Mercedes-Benz dealership, LCS was able to analyse the overall energy consumption on site. This analysis allowed us to present Smartcool as an informed and focused investment to support Jardine Group's global objectives of increasing efficiencies and realising energy reductions to meet their ESOS compliance in the UK. The results have achieved above expectations and following this success a nationwide roll-out is now being considered."
About LCS Energy - Energy Reduction Specialists
At LCS Energy, we support your business with energy efficient solutions, providing you with a sustainable future and reducing your carbon impact on the environment. With over 20 years of contracting experience, a significant number designing, installing and commissioning renewable and energy efficient projects. LCS Energy offers its clients an honest and unbiased view of the latest technologies available to reduce your wastage, your costs and your carbon footprint.
Our in-house specialists via our Energy Management programme can show you when and where you are using your energy but more importantly where you are wasting your energy. LCS Energy will then work with you to reduce your wastage by providing solutions tailored to your business need, whether that be behavioural, energy efficient or renewable energy driven.
About Jardine Motors
Founded in 1969 by Nicholas and Ronald Lancaster, the Jardine Motors Group originated as a family-run dealership in East Anglia. At the outset, the group represented just four motoring marques: Ferrari, Mercedes-Benz, Porsche and Volvo.
Jardine Motors have also acquired a flagship dealership, McLaren London, located in the luxurious area of 1 Hyde Park, Knightsbridge. In 2013, Jardine Motors Group majorly invested in the refurbishment and development of a number of dealerships within the group. These included; Ferrari & Maserati Colchester, Toyota Colchester and Milton Keynes Audi.
The group is committed to maintaining a high standard and share the Jardine Matheson ethos of constant evolution.
Since arriving in the UK, Jardine Motors has continued to expand, adding various dealership locations throughout the country. Jardine Motors is an authorised franchisee for 23 manufacturers, operating at over 70 locations nationwide. They employ over 3,000 team members throughout our locations, operating under the successful Lancaster trading name.
Jardine Matheson was founded in 1832 as a trading company, based predominantly in China. The conglomerate is incorporated in Bermuda and is primarily listed on the London Stock Exchange. The group also includes: Jardine Motors; Jardine Lloyd Thompson; Jardine Pacific; Hong Kong Land; Dairy Farm; Mandarin Oriental; Jardine Cycle and Carriage; and, Astra International. These businesses are leaders in the sectors of: motor vehicles, insurance broking, engineering and construction, retailing, luxury hotels and restaurants, property investment and development and mining and agribusiness.
Jardine Matheson's business ethos has always involved a constant evolution to keep up with the pace of modern times; this can be proved in many of the ways Jardine Matheson's subsidiaries have developed.
About Smartcool
Smartcool Systems Inc. (TSX VENTURE: SSC) provides cutting edge energy efficient and energy cost reduction solutions for businesses around the world. The ECO3 and ESM are Smartcool's unique retrofit technologies that reduce the energy consumption of compressors in air conditioning, refrigeration and heat pump systems by up to 40%, giving customers a return on investment in as little as 12 months.
Legal Notice Regarding Forward Looking Statements
This news release contains "forward looking statements". Forward-looking statements are projections of financial performance or future events. Forward-looking statements can be identified by the use of words such as "expect", "anticipate", "intend", "plan", "believe", "estimate" and words of similar meaning. Forward-looking statements are based on management's current expectations and assumptions and they are subject to risks that may cause actual results to differ materially from those expressed or implied by such forward looking statements. Forward-looking statements in this news release include those concerning the company's belief in the growth opportunities in the Israel. These statements are subject to risks that may cause the actual results to be materially different in future periods from those expressed or implied by such forward looking statements. Risks that may prevent or delay the forward looking statements from coming to fruition as anticipated include the availability of working capital, risks inherent in product development, as well as market factors that may increase costs or time to market. It is our policy not to update forward looking statements except to the extent required under applicable securities laws. Further information on the Company is available at www.sedar.com or at the Company's website, www.smartcool.net.
Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.
Contact Information:
For further information
WEB www.smartcool.net and www.smartcooleco3.com EMAIL info@smartcool.net
Investor inquiries
Mike Kordysz
Vice President, Investor Relations
TEL +1 604 904 8632
EMAIL mike.kordysz@smartcool.net
Smartcool Systems Inc. Announces Sales Funding Program And Debenture Financing
VANCOUVER, BC--(Marketwired - August 03, 2017) -
NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRES
Smartcool Systems Inc. (TSX VENTURE: SSC) is pleased to announce today the initiation of a funded sales program. The program has been designed to provide funding for clients that want to install Smartcool's proprietary energy efficiency products but lack the capital budget to do so.
Nick Weedon, Smartcool's UK National Sales Manager stated, "Having successfully installed in numerous locations in the UK over the last 12 months, we have seen that clients are keen to expand the Smartcool technology across further sites and locations because the Smartcool technology has had a positive effect in driving down energy costs. Because of this, we have decided to implement a funding programme that we expect to allow clients to reap the benefits of the Smartcool technology without experiencing the usual restrictions and unneccesary delays typically associated with large scale capital requirements."
"The appreciable level of interest from several key clients with whom we have discussed our proposed funding program has encouraged us to move it forward. Existing key partners have already started to introduce this to their clients. We believe that reviewing our current sales opportunities can accelerate sales and exceed ambitious company targets for the balance of the year."
We are confident that a funding program should provide the opportunity for many clients to see immediate net cash flow, as we believe that energy savings should be greater than term payments.
In order to fund the new initiative, Smartcool Systems Inc. is announcing today the commencement of a non-brokered private placement (the "Offering") of up to 5,000 units (each a "Unit") at a price of $1,000 per Unit to raise a total of up to $5,000,000. Each Unit to be comprised of one 8% unsecured non-convertible debenture (each, a "Debenture") and 1000 common shares (each, a "Common Share") of the Company.
The Company intends to use the net proceeds from the Offering to finance installations of its proprietary control technologies in the energy efficiency sector as part of its overall growth strategy.
The Debentures will bear interest at a rate of 8% per annum, payable monthly in arrears and is anticipated to mature on December 31, 2020 (the "Maturity Date"). The Debentures will be non-convertible, non-redeemable and non-transferable. The Debentures partially comprising the Units are not and will not be listed on any stock exchange or market. The Common Shares of the Corporation are listed on the TSX Venture Exchange and trade under the symbol "SSC". The Common Shares comprising the Units will be subject to resale restrictions imposed by law, including a regulatory resale restriction for four months and one day from their date of issuance.
The Company has engaged Ascenta Finance Corp. to effect sales of the Units or to find purchasers of the Units. The Corporation has agreed to pay a selling commission or finder's fee to Ascenta of 8% cash and 8% broker warrants of the gross proceeds from the sale of Units to purchasers introduced by Ascenta.
Marshall Farris, President of Ascenta Finance Corp. commented, "The current appetite for financial yield products with investors is very high. By matching investors that are looking for income with companies looking for energy savings, Smartcool will be creating a real win-win scenario. We at Ascenta look forward to assisting the company with this funding program."
Completion of the Offering is subject to the Company closing on a minimum of $200,000 on or prior to September 30th, 2017. The Company intends to make the Offering by way of private placement in Canada but the Units may be offered in other jurisdictions where they can be issued exempt from any prospectus, registration or other similar requirements.
The Offering is subject to certain conditions including, but not limited to, the approval of the TSX Venture Exchange.
The securities offered have not been and will not be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or applicable exemption from the registration requirements. This document shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.
About Smartcool
Smartcool Systems Inc. (TSX VENTURE: SSC) provides cutting edge energy efficient and energy cost reduction solutions for businesses around the world. The ECO3 and ESM are Smartcool's unique retrofit technologies that reduce the energy consumption of compressors in air conditioning, refrigeration and heat pump systems by up to 40%, giving customers a return on investment in as little as 12 months.
About Ascenta
Ascenta Finance Corp. is a private, independent Canadian institutional investment bank headquartered in Vancouver, British Columbia. It is committed to financing and aiding emerging small-cap companies and focus on transactions in the range of $1 million to $25 million.
Ascenta Finance Corp. is registered as an Exempt Market Dealer with the British Columbia, Alberta, Saskatchewan, Manitoba and Ontario Securities Commissions and is a member of the Private Capital Markets Association of Canada and the National Exempt Market Association.
On behalf of Smartcool Systems Inc.
Theodore Konyi, President
Forward-looking statements: Certain statements in this release are forward-looking statements. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. Forward looking statements in this release include those concerning the size and timing of the Offering and the proposed use of proceeds. These forward-looking statements reflect management's current views and are based on certain expectations, estimates and assumptions which may prove to be incorrect. A number of risks and uncertainties could cause our actual results to differ materially from those expressed or implied by the forward-looking statements, as well as other factors beyond the Company's control. These forward-looking statements are made as of the date of this news release.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contact Information:
Theodore Konyi, President
604.669.1388
Ted.Konyi@smartcool.net
Mike Kordysz
Vice President, Investor Relations
604.904.8632
mike.kordysz@smartcool.net
For more information about the Offering, please contact:
Ascenta Finance Corp.
Marshall Farris, President
604.637.6373
marshall@ascentafinance.com
Smartcool 2nd Quarter Revenues Grow 300% over 1st Quarter
Vancouver, British Columbia--(Newsfile Corp. - August 29, 2017) - Smartcool Systems Inc. (TSXV: SSC) (OTC Pink: SSCFF) ("Smartcool" or the "Company") is pleased to report that it has filed its Second Quarter Management Discussion and Analysis ("MD&A") and unaudited financial statements for the six-month period ended June 30, 2017, on SEDAR.
Sales revenues were $261,784 and $347,741 for the three and six-month periods ended June 30, 2017, respectively. This compares with $26,854 for the three-month period ended June 30, 2016 and $169,351 for the six-month period ended June 30, 2016, representing sales growth of growth of 975% and 205% respectively.
Operating losses were ($211,881) and ($556,083) for the three and six-month periods ended June 30, 2017, respectively. This compares with a loss of ($419,697) for the three-month period ended June 30, 2016 and ($741,008) for the six-month period ended June 30, 2016, representing a reduction of 50% and 25% respectively.
EBITDA (defined below) was ($73,703) and ($279,535) for the three and six-month periods ended June 30, 2017. This compares with ($265,133) for the three-month period ended June 30, 2016 and ($425,533) for the six-month period ended June 30, 2016, an increase of 72% and 34% respectively.
Ted Konyi, Smartcool's Chief Executive Officer, said that he "attributes these results to the initiation of a direct sales model in North America and the addition of five sales agents. The overall demand for energy efficiency as a function of increasing utility rates and continued concern over global climate change is growing steadily and we are seeing this reflected in our efforts to grow Smartcool's sales. Rising utility rates emphasize how Smartcool's suite of products can be financially beneficial by effectively reducing pay back periods and increasing ROI (Return on Investment) for our customers".
About Smartcool
Smartcool Systems Inc. provides cutting edge energy efficient and energy cost reduction solutions for businesses around the world. The ECO3 and ESM are Smartcool's unique retrofit technologies that reduce the energy consumption of compressors in air conditioning, refrigeration and heat pump systems by up to 40%, giving customers a return on investment in as little as 12 months.
Smartcool prepares and releases unaudited quarterly and audited consolidated annual financial results provided in accordance with IFRS. In this earnings release, Smartcool has also disclosed and discussed EBITDA, a non-IFRS financial measure. Smartcool has disclosed this non-IFRS financial measure because management believes it is relevant in evaluating Smartcool's performance. EBITDA (Earnings Before Interest Taxes Depreciation and Amortization) consists of revenue less cost of goods and general and administrative expenses.
For further information
WEB www.smartcool.net and www.smartcooleco3.com EMAIL info@smartcool.net
Investor inquiries
Mike Kordysz
Vice President, Investor Relations
EL +1 604 904 8632 EMAIL mike.kordysz@smartcool.net
Forward-looking statements: Certain statements in this release are forward-looking statements. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. Forward looking statements in this release include those concerning the Company's observation that concern over global climate change is growing steadily and that this growth and rising utility rates will be reflected in Smartcool's sales. These forward-looking statements reflect management's current views and are based on certain expectations, estimates and assumptions which may prove to be incorrect. A number of risks and uncertainties could cause our actual results to differ materially from those expressed or implied by the forward-looking statements, as well as other factors beyond the Company's control. These forward-looking statements are made as of the date of this news release.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Smartcool Systems Inc. Announces Jamaican Partnership and Multiple Jamaican Installations
Vancouver, B.C. August 21, 2017, Smartcool Systems Inc. (TSXV: SSC OTC: SSCFF) is pleased to announce today a joint venture partnership with Alternative Power Sources Limited (“APS”) in Jamaica. The partnership was formed to facilitate the installations of Smartcool technology for commercial customers in Jamaica. APS is the premier supplier of commercial solar panels and related products in Jamaica and has operations in a number of the Caribbean islands. After completing several Smartcool installations, APS became convinced that Smartcool’s technology could have widespread applications in the Caribbean. Frank Lawrence, who joined the Smartcool team earlier this year, originally introduced APS to the product when Frank was acting as a distributor. Frank now heads up Smartcool’s direct sales strategy in the Caribbean.
Damian Lyn, CEO, Alternative Power Sources said, "We have been providing turnkey solar installations in Jamaica and other Caribbean islands for 14 years. With the very high cost of electricity, large commercial customers are looking for alternatives to grid power. These very same clients are also interested in other energy efficiency technologies and Smartcool represents a substantial opportunity to further reduce costs and carbon footprint. We look forward to assisting Smartcool in providing installation services and referrals to our existing client base of satisfied customers."
Frank Lawrence, Smartcool’s Sales Director said, "Working with Damian and his staff at APS has been a pleasure. Initial client introductions have gone very well, making it clear that Damian and his people have developed great relationships. These introductions have led to the completion last week of three installations, including a large food processor and distributor, a major fast food franchise operation and a grocery store. Currently there are 8 accepted proposals for Smartcool installations in Jamaica including a number of multi- location hotels and resorts. With high ambient temperatures and high utility rates, the opportunity for significant monetary savings in Jamaica and the Caribbean is substantial."
About Smartcool
Smartcool Systems Inc. (TSX-V: SSC OTC: SSCFF) provides cutting edge energy efficient and energy cost reduction solutions for businesses around the world. The ECO3 and ESM are Smartcool’s unique retrofit technologies that reduce the energy consumption of compressors in air conditioning, refrigeration and heat pump systems by up to 40%, giving customers a return on investment in as little as 12 months.
About Alternative Power Sources
Alternative Power Sources (Jamaica) Limited (APS) is the leading alternative energy solution company in Jamaica. From as early as 2003, the principals of APS have been engaged in projects utilising renewable energy coupled with engineering designs, energy efficiency consultancy and management, energy audits and implementation of energy efficiency programmes. APS has served over 800 clients in Jamaica and the Bahamas with total installed power just over 6.5 MW. We are committed to learning and collaboration and maintain our association with the Florida Solar Energy Center (FSEC) as one avenue to interact and keep abreast with developing solar technology.
APS is dedicated to providing quality consultation, engineering and initiatives for the development of energy efficient activities as well as the use of wind, solar and hydro energy in Jamaica and the wider Caribbean.
For further information
www.smartcool.net | www.smartcooleco3.com | EMAIL info@smartcool.net
Investor Inquiries
Mike Kordysz,
Vice President, Investor Relations
TEL +1 604 904 8632 | EMAIL mike.kordysz@smartcool.net
Disclaimer for Forward-Looking Information
Certain statements in this release are forward-looking statements. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. Forward looking statements in this release include those concerning the size and timing of the Offering and the proposed use of proceeds. These forward-looking statements reflect management’s current views and are based on certain expectations, estimates and assumptions which may prove to be incorrect. A number of risks and uncertainties could cause our actual results to differ materially from those expressed or implied by the forward-looking statements, as well as other factors beyond the Company’s control. These forward-looking statements are made as of the date of this news release.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
St Andrew Goldfields Is Getting Ready For A Higher Production And Cash Flow
Summary
St Andrew Goldfields remained free cash flow positive, an excellent performance in the current gold market.
A decent chunk of the free cash flow was used to start developing the Taylor gold mine, and SAS still plans to have it up and running by year's end.
I think the adjusted free cash flow yield was approximately 15% (if you exclude growth capex), as the weak Canadian Dollar has boosted the financial performance.
Click here for more.
Plan for Surviving Gold's Summer of Discontent
Commodities / Gold and Silver 2015 Aug 04, 2015 - 09:29 AM GMT
By: The_Gold_Report
While Randall Abramson, CEO and portfolio manager with Toronto-based Trapeze Asset Management, freely admits that we are living through the summer of discontent in "Commodityland," he says investors should step back and look at commodities, especially gold, from a macroeconomic and historical perspective. In this interview with The Gold Report, Abramson discusses the magnet he expects to pull gold to around $1,400/oz inside 12 months, and he also offers some of his favorite names in the gold space.
The Gold Report: July 13–20 was an unusual week in the gold market. In a May newsletter to Trapeze Asset Management clients, you argued that the glass is "half full" for investors given current macroeconomic signals. Much water has traveled under the bridge since. Has your view changed?
More here. St. Andrew Goldfields is mentioned 3/4 of the way down. The biggest thing, St. Andrew has brought there all-in sustaining cost (AISC) to $900 / oz.
St Andrew Goldfields Is Quietly Developing Its Taylor Project To Increase Annual Production Rates With 45% Before Year End
Summary
St Andrew Goldfields is a small scale gold producer with 2 operating mines in the prolific Timmins region in mining friendly Ontario, Canada.
The company has a solid balance sheet with $25.7M in cash and $22.1M in current liabilities, just $0.7M in LT debt and $13M in deferred taxes and asset retirement obligations.
St Andrew Goldfields has been cash flow positive for the last 3 years (FY2014 $30.9M), and consistently cutting AISC since 2012 until the current, healthy $937/oz level.
The Taylor project is advancing towards scheduled production in Q3/Q4, 2015, finally adding about 41k oz to a more or less constant 90-100k oz annual production.
A recent fatal accident caused the share price to drop about 20%, but I don't expect it to be caused by irresponsible management, and therefore provides a solid entry opportunity.
More here.
Looks like people are starting to notice. I've been in for a while since Nov. 2013 at $0.25 and holding on for China to announce it's gold reserves, it's membership into the Special Drawing Rights, and a new gold backed yuan currency. We are living in very interesting times and I have a lot fear going through me. I pray for everyone in the U.S. that they realize that things are going to get much worse economically.
St Andrew Goldfields' Income Hides Its Strong Free Cash Flow
Summary
* St Andrew Goldfields will very likely beat its production guidance of 85-95,000 ounces gold.
* The development of the Taylor project has started and the gold production should start by the end of this year.
* The free cash flow is more than twice the net income, and the market seems to be overlooking this fact.
Introduction
I'm surprised to see I have never discussed St Andrew Goldfields (OTCQX:STADF) here on Seeking Alpha, despite the company being a relatively sizeable gold producer in Canada. In this article, I will focus on the company's performance in the first quarter of this year to see if this gold-producing company deserves more attention.
Seeking Alpha Article here. Sincerely, RP
SAS announces successful exploration results for Holt and Holloway properties:
Due to the charts and tables, please click here for the CNW report.
finance.yahoo.com/news/sas-announces-successful-exploration-results-203000442.html
Market Oracle: Strawberry Picking Undervalued Gold Stocks
http://www.marketoracle.co.uk/Article50431.html
Apr 27, 2015 - 05:55 PM GMT
By: The_Gold_Report
TGR: What are some equities that Trapeze Asset Management believes are in control of their destiny?
RA: Our two favorites at the moment are St Andrew Goldfields Ltd. (SAS:TSX) andDynacor Gold Mines Inc. (DNG:TSX). St Andrew is the largest landholder in northern Ontario's Timmins mining camp. It's in a good jurisdiction. The company has production of just shy of 100,000 oz (100 Koz), if you annualize its Q1/15 numbers. It has been in the penalty box for over a year because in 2013 St Andrew produced 100 Koz, but in 2014 it took its guidance down to 75–85 Koz, only to reach about 91 Koz gold for the year. The company has had something like 14 consecutive quarters of positive cash flow, but because there is little coverage on the company and only a few hundred thousand shares are traded each day, the company has been underfollowed and largely ignored. Meanwhile all-in sustaining costs should remain below $1,000/oz, and guidance for 2016, with the Taylor mine coming on, is 125-135 Koz—that's meaningful for an orphaned company.
TGR: How is the Canadian dollar changing the company's fortunes?
RA: The Canadian dollar has fallen heavily against the U.S. dollar and the Canadian dollar price of gold is about CA$1,440/oz. That should give a material advantage to most Canada-based producers that collect revenue in U.S. dollars but with costs in Canadian dollars.
St Andrew should do well into next year as it ramps up production at its Taylor mine, which is already delivering ounces in pre-production, but should reach commercial production later this year. At 130 Koz of production, St Andrew should generate more than CA$65 million (CA$65M) in earnings before interest, taxes, depreciation and amortization (EBITDA). St Andrew is trading at one times enterprise value/EBITDA (EV/EBITDA), net of its approximately CA$25M net cash balance, based on CA$65M of EBITDA. I wanted to see how that compared to other stocks in North America, so we screened all the stocks in North America that have enterprise values over $50M. It was No. 3 on the list out of about 1,500 companies. This year St Andrew should generate CA$15M of free cash flow, as it competes its spending on Taylor, and next year in excess of CA$30M. It's trading for about 2.5x free cash flow, net of cash on hand. Trading at around CA$0.29/share, this is an extraordinarily cheap stock.
TGR: What will be the impact of St Andrew's toll-milling business?
RA: The toll milling business is small. It is conducting toll milling for a couple of companies, which allows it to help fill the mill, but it's a minor part of its business.
TGR: At its current share price, it's almost impossible for St Andrew to be the consolidator in the Timmins Camp. Do you see it becoming a target at CA$0.28/share?
RA: It's likely there are players who would like to consolidate the camp because it is big and fragmented. St Andrew has a lot of land, though, so it could spend many years drilling off the 120 kilometers (75 miles) it has along the Porcupine Destor Fault. Like any other company out there, if the market isn't prepared to pay a fair value for a company, often someone else comes along and buys it.
Click the URL above to read the rest.
GOLD: Good grades from both Taylor and Hislop for SAS
2014-09-11
ONTARIO – St Andrew Goldfields (SAS) of Toronto is enjoying good grades in cores from both its Taylor and Hislop North gold projects near Matheson. The best Taylor hole assayed 12.98 g/t Au over 15.3 metres, and the best Hislop result was 10.38 g/t over 25.0 metres.
SAS completed 53 drill holes at Taylor from drilling bays in the ramp on the 220, 250, and 305 metre elevations. Work was aimed at the easterly strike extension of the 1004 and 1006 lenses, both within the West Porphyry zone in the area of a second proposed bulk sample.
The 1004 lens was also drilled from surface. The best core assayed 4.99 g/t Au over 1.0 metre, including 8.73 g/t over 0.5 metre.
Surface drilling at the Hislop North target followed up on the southerly strike extension of the 147 zone. Besides the assay mentioned above, another hole returned 3.24 g/t over 39.9 metres, and confirmed that mineralized material extends from the surface to a depth of 500 metres.Please visit SASGoldMines.com for more details.
SAS reports solid 2014 second quarter results and raises production guidance.
TORONTO , Aug. 13, 2014 /CNW/ - St Andrew Goldfields Ltd. (T-SAS) (OTCQX-STADF), ("SAS" or the "Company") reports net income attributable to shareholders for Q2 2014 of $0.6 million , or nil on a per share basis, compared to a net loss of $1.1 million , or nil per share, for Q2 2013. For Q2 2014, adjusted net loss (1) was $0.2 million , or nil, on a per share basis, compared to adjusted net loss of $0.9 million , or nil per share, for Q2 2013.
Click here for the rest.
St. Andrew Goldfields: 5 Different Insiders Have Purchased Shares During The Last 30 Days. Seeking Alpha article here Nice detailed information for anyone interested.
Michael Fowler: How to Find Wild Flowers in the Weeds.
Read more at Michael Fowler: How to Find Wild Flowers in the Weeds The debt structure and the Taylor Project is mentioned here. Sincerely, Paul T.
St Andrew Goldfields - Loved By Analysts For A Reason And A Likely Takeover Target
Click here for article.
Don Durrett's fundamental analysis youtube video. Found here. Contains an overview of the company and it's financials. A good 13-minute watch. The only thing he found is that the company shares are highly diluted. He's hoping for a stock buyback in the future. The rest, including debt, is highly manageable. Sincerely, RP
Thanks NYBob for the warm welcome. Happy New Year and God bless! :)
Thanks geodan, I appreciate it. I use to be a large shareholder of IVFH back in '07 and got out when it rallied in October. The U.S. economy is in very deep trouble with so much money in circulation that nations are dropping our currency and trying to go back to the Gold Standard.
Lots of volume going on today. The dollar seems to be dropping in value and investors are looking for a hedge against inflation.
A couple articles:
1. Kiska Files Statement of Claim Against St Andrew Goldfields Ltd.
2. St. Andrew Goldfields Is Significantly Undervalued With Multi-Bagger Potential
Courtesy of Marketwired and Seeking Alpha.
Wall Street Transcript Interview with Duncan Middlemiss, President and CEO of St Andrew Goldfields Ltd. (SAS.TO) Partial interview here.
Longer interview here. You must register to see it.
Sincerely, RP
12 Reasons Why Gold Price Will Rebound and Make New Highs in 2014 courtesy of Jason Hamlin at Market Oracle UK.
Oct 25, 2013 - 09:24 AM GMT Full story here: 12 Reasons Why Gold Price Will Rebound and Make New Highs in 2014
Summary:
1. Rapidly Growing Debt
2. Inept Government and Partisan Bickering
3. QE to Infinity Confirmed, as FED Balance Sheet Explodes
4. Dollar Losing Status as World Reserve Currency
5. Global Race to Debase
6. Inflation Will Pick Up as Velocity of Money Accelerates
7. Diversification of Price Discovery and Decreased Power to Manipulate Commodity Markets
8. Increasing Physical Demand Worldwide, Including Central Bank Demand
9. Stagnant or Declining Supply
10. Tiny Size of Gold Market versus Stock or Bond Market Will Provide Leverage
11. Gold Most Oversold Since 1985
12. Prices Have Dropped to the All-In Cost of Production, Which Typically Provides Support
Sincerely, RP
Sage Gold Inc.has entered into an agreement to acquire the remaining 40% interest in the Clavos Gold property ("Clavos") located in Timmins, Ontario from St Andrew Goldfields Ltd.
Dec. 9, 2013, 6:01 a.m. EST Read the press release here: www.marketwatch.com/story/sage-enters-into-agreement-to-acquire-remaining-40-interest-in-clavos-2013-12-09-617318