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So, any day now we should see earnings. Fantastic!
Wehn do you suppose earnings will be released?
Marathon Gold Extends High-Grade Gold Interval at the Golden Chest Mine, Idaho
http://finance.yahoo.com/news/marathon-gold-extends-high-grade-110000713.html
TORONTO , Sept. 11, 2012 /CNW/ - Marathon Gold Corporation ("Marathon" or the "Company") (MOZ.TO) today announced the final results of the 2012 drilling program at the Golden Chest Mine, which returned 10.8 g/t gold over 7.0 meters in drill hole GC 12-134. This high-grade gold interval was part of a longer intercept of 4.41 g/t gold over 20.6 meters from the drilling program completed in May 2012 at the Golden Chest Mine in Murray, Idaho. The Golden Chest Mine is owned 50% by New Jersey Mining Corporation ("NJMC") and 50% by Marathon Gold Corporation (MOZ.TO) and NJMC is the operator.
"We had great success with this year's drilling program at the Golden Chest Mine and we are pleased to be concluding this program on such a strong note. These final results reveal the presence of a new high-grade gold shoot and the extension of a longer interval that was discovered in May of this year in the Katie and Dora area. Additionally, these concluding results demonstrate that there is the potential to increase the current open pit Resource," said Phillip Walford , President and CEO of Marathon Gold. "As the Company's focus is to generate value through Resource expansion, the current Resource Estimate is being revised based on this year's drilling results and is expected to be released in the fourth quarter of this year."
Highlights:
GC 12-134 returned 4.41 g/t gold over 20.60 meters from a depth of 154.4 meters and included a higher grade interval of 10.8 g/t gold over 7.0 meters.
GC 12-133 returned 9.65 g/t gold over 7.7 meters from a depth of 184 meters and included a higher grade interval of 30.3 g/to gold over 2.4 meters true thickness.
Both GC 12-133 and GC 12-134 are approximately 30 meters south of GC 11-02, which returned 33.0 g/t gold over 2.6 meters, indicating the presence of a newly discovered high-grade shoot. This new shoot has been named the Skookum shoot.
GC 12-142 returned 1.53 g/t gold over 17.0 meters from a depth of 56.3 meters. This intercept is outside of the existing open pit Resource in the northern Katie and Dora area, which demonstrates the potential to increase the open pit Resource.
A total of 7,900 meters of drilling have been completed since the initial NI 43-101 Resource Estimate. A revised Resource Estimate is expected in the fourth quarter of this year.
The table below presents the balance of the drill results from the core drilling program at the Golden Chest Mine, which was completed in May of this year.
Table 1 -Drill Intersections at the Golden Chest Mine
DDH Section Design From
(m) To
(m) Core
Width (m) True
Thickness (m) Gold
(g/t)
GC 12-125 4220 N Step-out 128.3 134.2 5.9 4.1 2.44
including 128.3 129.7 1.4 1.0 8.80
GC 12-126 4220 N Step-out 93.1 96.8 3.7 3.4 0.86
GC 12-127 4220 N Step-out 74.8 75.8 1.0 1.0 1.50
GC 12-128 4250 N Step-out No significant intercepts.
GC 12-129 4250 N Step-out No significant intercepts.
GC 12-130 4250 N Step-out 167.2 183.6 16.4 11.9 2.04
including 170.4 175.2 4.8 3.5 6.18
GC 12-131 4700 N Infill 137.1 156.0 18.9 16.0 0.45
GC 12-132 4700 N Infill 133.0 154.0 21.0 17.7 0.44
GC 12-133 4470 N Infill 122.5 127.2 4.7 3.4 0.46
184.0 194.7 10.7 7.7 9.65
including 188.9 192.2 3.3 2.4 30.3
GC 12-134 4470 N Infill 21.0 24.3 3.3 2.8 1.22
142.2 166.2 24.0 20.6 4.41
including 154.4 162.5 8.1 7.0 10.8
GC 12-135 4700 N Infill 82.5 87.3 4.8 3.2 0.70
121.0 131.0 10.0 6.7 1.0
GC 12-136 4725 N Infill 105.4 124.0 18.6 8.9 1.41
156.0 161.6 5.6 2.7 0.57
GC 12-137 5125 N Step-out 112.2 121.7 9.5 8.4 1.56
GC 12-138 4975 N Infill 66.2 85.5 19.3 17.3 0.83
GC 12-139 5050 N Step-out 203.7 204.6 0.9 unknown 10.7
GC 12-139 was terminated before main target due to poor ground conditions.
GC 12-140 4975 N Infill 18.8 31.2 12.4 11.0 0.71
GC 12-141 5100 N Step-out 92.9 105.7 12.8 11.4 0.46
GC 12-142 4975 N Infill 56.3 73.8 17.5 17.0 1.53
including 64.2 65.8 1.6 1.5 10.4
GC 12-143 5075 N Step-out 36.7 38.4 1.7 1.5 1.60
*All grades in this release are uncut, and all thicknesses are estimated true thicknesses
The vein intercept in GC 12-133 is approximately 50 meters down-dip from the GC 12-134 intercept. The results from drill holes GC 12-133 and GC 12-134 indicate that a high-grade gold ore shoot, the Skookum shoot, is present within the Idaho Vein in a previously unexplored area. The Skookum shoot is nearly 500 meters south of the historic Katie and Dora underground workings where most of the historic high-grade underground gold production occurred.
Drilling was suspended in May of this year in order to conserve capital. The Company took this opportunity to focus on core logging and sampling, mapping of the surface and underground geology, excavation of prospecting trenches, and property-wide geologic reconnaissance, and had great success. Additionally, environmental monitoring activities commenced. A total of 7,900 meters of drilling has been completed at the Golden Chest Mine since the release of the initial NI 43-101 Resource Estimate, which was based on 10,200 meters of drilling.
Phillip Walford P.Geo, President and CEO of Marathon Gold, is Marathon's Qualified Person in compliance with National Instrument 43-101 with respect to this release. Mr. Walford has reviewed the contents for accuracy and has approved this new release on behalf of Marathon.
Here's the history of PermaDerm:
http://www.bioroundtable.com/67/review-of-regenicin-developers-of-permaderm/
My point is that this lends weight to the fact that better diagnostic tools are needed, and that there is big money looking to unearth them. That point gives me some hope in light of the recent asinine PR that MHTX released earlier this week. Perhaps Roche or some other entity will purchase Senior Scientific from MHTX.
Come on now, use your imagination. While there is no direct link to MHTX, the fact that another major pharma company is advertising their push into diagnostics could be construed as a positive for MHTX shareholders. In this case, Roche is emphasizing diagnostics for Alzheimers and cancer, two of the conditions which Flynn's technology has been demonstrated to be useful in detecting far earlier than current methods.
I would hope that MHTX is attending as many trade shows as possible to showcase the technology. I'd much prefer to hear an update about their efforts to find suitors, than their efforts to keep the lights on by auctioning off their baseball card collection.
Roche bets big on companion diagnostics
More than 60% of Roche's ($RHHBY) pipeline drugs will come paired with companion diagnostics, the company's CEO said, as the Swiss pharma giant follows through on its heavy investment in personalized medicine.
Severin Schwan told investors that the company's long-term plans are heavily focused on targeted treatments, and Roche's large in-house diagnostics division is responsible for more than 200 companion diagnostics projects. Roche's pipeline boasts treatments for cancer, Alzheimer's and schizophrenia, most of which will be coupled with diagnostic assays when they reach the market, the company said.
All this comes as Roche faces a 2014 patent cliff for Herceptin, a blockbuster breast cancer treatment whose companion diagnostic tests patients for a protein called HER2 to ensure the drug's effectiveness. With its focus on biomarker discovery and diagnostics development, Roche is looking to duplicate that drug's success with its pipeline treatments, Schwan said.
The drugmaker's focus on companion Dx comes as little surprise: Schwan and Roche Pharma COO Daniel O'Day are both veterans of the company's diagnostics division, and Roche has invested heavily in the unit of late. Since its well-publicized failure to acquire Illumina ($ILMN) for $6.7 billion this year, Roche has said it plans to build its molecular diagnostics business through internal projects and partnerships. And it's done just that, committing $300 million to expand Roche Diagnostics' Indiana headquarters.
The bet has already started to pay off. Roche Diagnostics reported $1.4 billion in sales in the first half of 2012, a 5% uptick from the same period in 2011. About $511 million of that came from professional diagnostics equipment, and Roche has continued to get FDA approvals and clearances for clinical test kits, this week scoring a sign-off on two new herpes assays.
For purposes of learning as much as possible about what is likely a foundation of HIIT's continued existence and potential for growth.
WHY would you NOT want as in depth of an understanding as possible?
Has anyone yet found a website, phone #, address, etc. for AES?
PPS with AES?
"based on its profitability believes it is accretive to its earnings per share."
"On an unaudited basis, AES has recorded approximately $860 thousand in revenues through the first six months of operations period ending July 2012, with current estimated revenues of approximately $300 thousand per month from its existing customer base and generating about 33% free cash flow with that revenue run rate."
That HIIT has ptaken the unusual step of posting about the AES LOI on their website seems indicative of their confidence in the deal going through.
For those of us that have been in this since the Shumate days, cheap is not good.
Even if the market for natural gas were cut in half, it'd still be enormous.
$1?? I'll be happpy if/when it hits .25!
"The AES team has over 50 years worth of experience in the oil and gas industry."
This does not necessarily mean that AES (in one form or another) has been in business for fifty years. It might just mean that employees who make up the AES team have a COMBINED fifty years of O&G industry experience. These are two wildly different things, each of which carries it's own strengths and benefits, and potential weaknesses.
So, still no information on AES beyond what was in the PR??? A website, physical address, or even a phone number would be nice.
I hope they issue a PR, but in the meantime, my curiosity is churning.
Can anyone confirm that this is the target acquisition? If not, any info on who it actually is?
http://www.aesfluids.com/index.html
Hmmm, perhaps this is the company in question?
http://www.aesfluids.com/index.html
Almost out of cash!
http://biz.yahoo.com/e/120814/hiit10-q.html
We had cash of $36,228 and working capital deficit of $22,371 as of June 30, 2012 as compared to cash of $76,651 and working capital of $100,965 as of December 31, 2011.
Agreed. I think back to the Shumate Inudstries days when it was up around $2.
OK, fair enough. I just want to maintain a realistic perspective here, that is all.
That's one way to look at it. Another way is to point out that only $750 worth of shares were traded.
Section 382 of the IRS Tax Code (Limitation on net operating loss carryforwards) might temper some of the expectations regarding the NOL. This is an enormously complex and nuanced rule, and I don't pretend to be a tax expert that can fully digest nor appreciate it's breadth. But, in a nut shell, it limits the amount of the NOL that can be applied in a given year, based on a % of the transaction cost of acquiring another company. FOr example, if HIIT buys a private a company for $10 million, and the 382 limitation during the month of the transaction is 5%, then only $500K of the total NOL can be applied per year going forward, until the total NOL is either exhausted, or expires.
This is definitely worthy of consideration in terms of how it may impact the attractiveness of the NOL in any possible acquisition.
(a) General rule
The amount of the taxable income of any new loss corporation for any post-change year which may be offset by pre-change losses shall not exceed the section 382 limitation for such year.
http://www.law.cornell.edu/uscode/text/26/382
Fred Brackebusch resigns as Director of United Silver Corp
http://www.marketwatch.com/story/united-silver-corp-appoints-new-directors-2012-07-09
VANCOUVER, British Columbia, Jul 09, 2012 (BUSINESS WIRE) -- United Silver Corp. ("USC";TSX: USC; OTC: USCZF; Frankfurt: UM8) is pleased to announce that it has appointed Kenneth A. Brunk and James N. Meek to its board of directors. Both directors qualify as independent directors under Canadian securities rules, and their addition bolsters USC's corporate governance as well as adds considerably to our board's depth and breadth of experience.
Kenneth A. Brunk holds a degree in Metallurgical Engineering from Michigan Technological University and throughout his forty-two year career has been responsible for designing, constructing, staffing and operating multiple mining operations. He is currently President, CEO and Chairman of Midway Gold Corp., a company inter-listed on TSX-V and NYSE-MKT. Mr. Brunk has served as Chief Operating Officer of Romarco Minerals and prior to that, spent over a decade working at Newmont Mining where he rose to Senior Technical Officer and then Senior Vice President.
James N. Meek has extensive public and private mining company experience as a Vice President and Chief Financial Officer, Treasurer, Manager of Budget and Financing, Controller, Accounting Manager and Chief Accountant. He also has experience managing investment portfolios, trading commodities and in risk management. Mr. Meek has been CFO of Romarco Minerals and Sterling Mining Company, Sarbanes-Oxley consultant for Summit Assurance, and Treasurer at Coeur d'Alene Mines and accounting manager at Asarco, among other positions.
USC also announces that Fred Brackebusch has graciously resigned as a director to permit the addition of these two independent directors. Mr. Brackebusch has made an important contribution to our company as a director, and he continues to be an integral part of our operations as the CEO of New Jersey Mining Company, USC's joint venture partner in the expansion and operation of the New Jersey Mill in Kellogg, Idaho, and as the Chairman of the Joint Venture Management Committee. Mr. Brackebusch will also continue attending board of directors' meetings as a special advisor to the board. USC wishes to thank Mr. Brackebusch for his dedication and commitment to our company and his willingness to step aside so that USC could add independent directors and improve its corporate governance.
The unsung masters of the oil industry
Oil firms you have never heard of are booming
http://www.economist.com/node/21559358?fsrc=nlw|hig|7-19-2012|2829407|37184766|
Yes, it is the strategy they outlined. But, can they pull it off?
Fair enough. I like the vision you outlined, I just hope that Matt's industry experience combined with HIIT's carry forward is enough to convince potential targets to come on board.
Wouldn't the acquisition of multiple companies by HIIT dilute the value of the carry forward for said potential companies?
Imagine you own a private company, something small, maybe 250K in sales per year, and have been on the fence for years about going public. HIIT pitches their benefit to you, and it's enough to make you finally take the leap.
But then, they make the same offer to other businesses, aren't they now splitting the benefit amongst multiple entities, which in turn makes the proposed benefit less attractive?
The odds are that any company they reverse merge with will be relatively small, maybe $1 million in sales per year if we're lucky. I say that because any company much bigger than that has probably already considered going public, and for those that have decided against it, how likely is it that a tax loss carry forward would change their mind?
Companies that choose not to go public, often do so to avoid the headaches (real or perceived) that come with the territory (audits, quarterly reporting, loss of absolute control over the company).
Who does that leave? What kind of private company would be swayed by the benefits of the tax loss carry forward for the sake of going public? In my mind, only ones that are already actively considering going the public route, and for whom this would be an additional incentive.
HII = Houston ? Industrial (Technologies)
I still want to know what the heck HII stands for.
New website, fix the grammar!
Examples:
1. We have a proven ability to acquire oilfield related technologies that have provided us an advantage IN FOR customer solutions.
It's one or the other, either in customer solutions or for customer solutions.
2. Our operations are mostly Texas with expansion plans in North Dakota and other shale play active areas.
Our operations are mostly Texas? Our operations are mostly IN Texas.
HII, what does it stand for?
Well, I hope we get some info soon. It's been just about half a year since we've gotten an update. The last 10-K basically reiterated what was stated in the January update posted to the old hwegstockholder.com site.
Without financing, how could they afford to buy more than a hot dog truck? They have less than $100K, I believe.
Good question, I don't recall. Check the most recent 10-Q and the annual report. Or, e-mail investor relations, I'm curious myself.
Hopefully a viable product and some financing to bring it to market.
Sounds good to me. Though now that the volume has been explained, I guess there's no reason to assume that news is on the way.