Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Make the trip down and check out the airport, etc. Marco and Rod will fill you in. A trip to Belize is cheap but the puddle jump from BZE makes it difficult. Once the airport is finished then they can pull in the $. Marina is almost finished as well. Big boats docking eventually that will be full of people looking to spend. What is the current market cap for this company? It is less than a condo, or dock slip, or a golf course lot. Granted the golf course needs a lot work but the condos and dock slips are there.
Bob has a basher. Bob has 491 followers and Manciati has zero. Personally I have followed Bob since the Raging Bull days and I have profited almost a million over the last 10 years doing so. We can't expect Bob to do all the work, we have to do our own DD as well. Thank you Bob for that lesson and thank you for all the great, profitable info over the years. Please keep up the fantastic work.
Mike
We got our dividend, $0.20/year. Now I can take the dividend each quarter and increase my share count.
News!!! Major Breakthrough EOM
About time for a dividend? EOM
Up Up Up, Nice Quarter...EOM
Simulations Plus Reports Second Quarter FY2011 Financial Results
Apr 14, 2011 08:00:06 (ET)
LANCASTER, Calif., Apr 14, 2011 (BUSINESS WIRE) -- Simulations Plus, Inc. (SLP, Trade ), a leading provider of simulation and modeling software for pharmaceutical discovery and development, today reported financial results for its second quarter of fiscal year 2011 ended February 28, 2011 (2QFY11).
2QFY11 highlights compared with 2QFY10:
-- Consolidated revenues up 13.5% to record $3.349 million from $2.949 million
-- Pharmaceutical software and services revenues up 17.7% to $2.621 million from $2.227 million
-- Words+ subsidiary revenues up 0.7% to $728,000 from $723,000
-- Gross profit up 15.6% to $2.601 million from $2.249 million
-- SG&A decreased 10.0% to $0.980 million from $1.089 million
-- R&D expense increased 1.0% to $255,000 from $252,000
-- Income before income taxes up 43.2% to $1.394 million from $0.974 million
-- Net income up 41.6% to $907,000 from $641,000
-- Diluted earnings per share up 44.6% to $0.06 from $0.04
First six months FY11 (6moFY11) highlights compared with 6moFY10:
-- Consolidated revenues increased 14.4% to record $6.161 million from $5.387 million
-- Pharmaceutical software and services revenues up 17.9% to $4.672 million from $3.961 million
-- Words+ subsidiary revenues up 4.4% to $1.489 million from $1.425 million
-- Gross profit up 14.5% to $4.671 million from $4.079 million
-- SG&A decreased 2.4% to $2.043 million from $2.093 million
-- R&D expense decreased 9.9% to $463,000 from $513,000
-- Income before income taxes up 35.7% to $2.219 million from $1.635 million
-- Net income up 37.7% to $1.475 million from $1.071 million
-- Diluted earnings per share $0.09, an increase of 39.1% from $0.06
-- Cash decreased to $8.76 million from $9.63 million at the beginning of the fiscal year due to cash used for the repurchase of Company shares
Ms. Momoko Beran, chief financial officer of Simulations Plus, said: "Once again, we're pleased to report a record quarter for both revenues and profitability. As we have noted in the past, earnings growth outpaces revenue growth because of the margins on the pharmaceutical software and services side of the business. Cash at the end of 2QFY11 was $8.759 million compared to $8.873 million at the end of 1QFY11, and compared to $9.632 million at the beginning of the fiscal year. We used $1.202 million of our cash to repurchase 397,680 shares during the first quarter and another $865,000 to repurchase 278,159 shares in the second quarter, which ended the second phase of our authorized share repurchase program. Over a period of two years for both phases of our repurchase program, we repurchased a total of 2,022,731 shares at an average price of $2.05 at an expenditure of $4,200,810. Shareholders' equity at the end of the second quarter was $12.655 million compared to $13.045 million at the beginning of our fiscal year on September 1, 2010, while shareholders' equity per share decreased slightly from $0.79 to $0.78 per diluted share. Now that the share repurchases have ended, we will not be using cash for that purpose unless the Board of Directors decides to institute a third phase. At this time, the board has not indicated its intent to do so."
Walt Woltosz, chairman and chief executive officer, added: "Our sustained growth and continued record quarter-over-quarter performance are the result of providing the very best in our product areas, an aggressive marketing and sales program, world-class customer support, and frugal expense management. Although we've had little recent success in identifying appropriate acquisitions, we continue to look and we are increasing our recruiting efforts to expand our Life Sciences staff. This will enable us to more rapidly pursue more of the organic growth opportunities we've identified. These opportunities are both in the area of increased capabilities of our existing pharmaceutical software and services, and in new product developments. The recently announced releases of ADMET Predictor(TM) 5.5, MedChem Studio(TM) 2.0, and our new MedChem Designer(TM) software are evidence of the continued product enhancements and new product developments going on at Simulations Plus. We remain committed to providing only the best in each of our product areas and to expanding our offerings going forward."
The Company has announced an earnings conference call for Monday, April 18, at 4:15 PM EDT/1:15 PM PDT, which can be joined by registering at: https://www2.gotomeeting.com/register/366534586/ . For listen-only mode, dial 773-945-1010 and enter access code 445-447-672.
SLP $2.15 +0.25 (+13.16%)
Back over $2!!! Best day we have had in a long time.
Starfire Minerals Inc. Closes Private Placement
STARFIRE MINERALS INC SFR
1/20/2010 7:01:00 PM
VANCOUVER, Jan. 20, 2010 (Canada NewsWire via COMTEX News Network) --
TSXV: SFR
Starfire Minerals Inc. (TSXV: SFR) is pleased to announce that it has now closed its non-brokered private placement previously announced on December 1, 2009, and issued a total of 3,600,000 units at $0.05/unit for gross proceeds of $180,000.
All securities issued pursuant to this private placement are subject to a Canadian hold period expiring May 15, 2010.
<< ON BEHALF OF THE BOARD OF DIRECTORS OF STARFIRE MINERALS INC. "Dan Mosher" ------------------ Dan Mosher President/CEO >>
THIS PRESS RELEASE WAS PREPARED BY MANAGEMENT WHO TAKES FULL RESPONSIBILITY FOR ITS CONTENTS. 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 RELEASE.
SOURCE: Starfire Minerals Inc.
Starfire Minerals Inc., 25685 82nd Avenue, Langley, B.C., V1M 2M8, Telephone: (604) 669-5642, Fax: (604) 687-6714
Copyright (C) 2010 CNW Group. All rights reserved.
Solid earnings report and SLP now has $8Mil cash on hand.
+$0.40 to $1.75 - Nice - EOM
TRGD sold PZG stock a little cheap? Am I missing something?
PZG was trading around $1.50/share on these dates.
On May 28, 2009 Tara Gold Resources agreed to transfer 900,000 shares of the issuer’s common stock to an unrelated third party in settlement of $650,000 owed to third party.
***TRGD got $0.72/share - 52% discount***
On May 29, 2009 Tara Gold Resources exchanged 1,500,000 shares of the issuer for 2,147,750 shares of the common stock of Tara Minerals Corp. The shares of Tara Minerals Corp. were held by nine persons who were not affiliated with Tara Gold Resources or Tara Minerals Corp. Tara Minerals Corp. is a subsidiary of Tara Gold Resources.
***TARM was valued around $0.50/share so TRGD got $0.72/share - 52% discount***
On May 29, 2009 Tara Gold Resources sold 4,600,000 shares of the issuer’s common stock to 26 unrelated persons at a price of $1.07 per share.
***TRGD got $1.07/share - 29% discount***
You're right, no one got rich and shareholders basically got screwed. I was averaged around $0.58 so I made a little money but did not get what I was looking for.
Anyway, the original point was whether anyone got paid cash for their stock in a buyout on a penny stock. This is one example but they are certainly few and far between. I see your point and I'm certainly not disputing it.
Shares were replaced by cash in my account.
Type: Reorganization
Contact Customer Service
Account: Roth IRA
Date posted: 12/18/2008
Amount:
Description: SPACEDEV INC CASH MERGER @ $.72658 PER SHARE
B2Gold opened at CAD 0.85 this morning.
SMC should be CAD 0.85 x 1.28 = CAD 1.088 (USD 0.90)
B2GOLD ORD (BTO: TSX)
Last Price Today's Change Bid (size) Ask (size) Day's Range Volume Trade
0.85 CAD +0.05 (+6.25%) 0.82 (x1) 0.85 (x9) 0.85 - 0.85 27,250
CENTRAL SUN MINING ORD (CSM: TSX)
Last Price Today's Change Bid (size) Ask (size) Day's Range Volume Trade
0.82 CAD 0.00 (0.00%) 0.75 (x18) 0.82 (x20) 0.00 - 0.00 0
LINEAR GOLD ORD (LRR: TSX)
Last Price Today's Change Bid (size) Ask (size) Day's Range Volume Trade
0.93 CAD 0.00 (0.00%) 0.90 (x18) 0.98 (x4) 0.00 - 0.00 0
Wow, Mudpuppy is finally going to be right about something?
B2Gold has been moving up since their offer to SMC. Currently CAD 0.65. Seems SMC price has not been following the rise.
Should be USD$0.54 x 1.28 = $0.69
Actually one to one at this point instead of 1 = 1.28.
B2GOLD ORD (BTO: TSX)
Last Price Today's Change Bid (size) Ask (size) Day's Range Volume Trade
0.65 CAD +0.03 (+4.84%) 0.64 (x9) 0.65 (x9) 0.59 - 0.65 220,500
Linear Gold would have to come back with a substantial increase over their original offer of 0.4 LRR shares. Currently USD$0.78 so it would take 0.88 LRR at this point to match.
LINEAR GOLD ORD (LRR: TSX)
Last Price Today's Change Bid (size) Ask (size) Day's Range Volume Trade
0.93 CAD 0.00 (0.00%) 0.91 (x19) 0.93 (x5) 0.91 - 0.93 32,100
Linear Gold and Central Sun Mining Announce Business Combination
Wednesday December 24, 12:31 pm ET
TORONTO, ONTARIO--(MARKET WIRE)--Dec 24, 2008 -- The Combined Company will have:
- Initial Production of Approximately 45,000 Ounces of Gold per Year Increasing to 130,000 Ounces of Gold per Year Following Completion of the Orosi Mill Installation in 2009; and
- Approximately US$20.0 Million in Cash and Cash Equivalents
- 726,700 ounces of gold in Proven and Probable Reserves, 1,114,000 ounces of gold in Measured and Indicted, and 861,200 ounces of gold in Inferred Resources
Linear Gold Corp. (Toronto:LRR.TO - News) ("Linear Gold") and Central Sun Mining Inc. (Toronto:CSM.TO - News)(NYSE ALTERNEXT US: SMC)("Central Sun" or "CSM") are pleased to announce that they have signed a letter agreement whereby Linear Gold will acquire all of the outstanding common shares of Central Sun in exchange for common shares of Linear Gold (the "Transaction"). Pursuant to the Transaction, CSM shareholders will receive 0.4 Linear Gold common shares for each CSM common share held.
Wade Dawe, President and Chief Executive Officer of Linear Gold, stated, "We believe this transaction is an attractive opportunity to acquire a portfolio of gold assets which includes the Limon Mine, currently producing approximately 45,000 ounces of gold per year, the Orosi Mine, with planned production of approximately 85,000 ounces of gold annually following a nine month construction period, and the highly prospective Mestiza-La India Property, which represents a potential high grade development opportunity for the future. Together, Linear and Central Sun plan to pursue a growth strategy focused on building an aggressive and very profitable gold producer."
Stan Bharti, the Chairman of Central Sun, commented, "We believe that the combination of Central Sun and Linear Gold will form the basis for the next intermediate gold producer. The combined company brings together gold production, potential near-term production expansion, financial resources and an experienced management team. The combined company will be well positioned to leverage continued strength in the price of gold in 2009."
Conference Call
A conference call will be held on January 6th, 2009, 2:00 p.m. (Toronto time) to discuss this Transaction. An investor presentation outlining the Transaction will be made available on the Linear Gold and Central Sun websites on or before January 6th, 2009. Please use the following information to access the call:
Dial in: 416-695-9753
Toll Free: 1-877-461-2814
There will be a question and answer session following management presentations during the call.
Highlights of the Transaction
Upon completion of the Transaction, Linear Gold, continuing as the combined company will feature:
- Annual production of approximately 45,000 ounces of gold increasing to 130,000 ounces of gold following completion of the Orosi mill installation.
- Proven and probable gold mineral reserves estimated to be approximately 730,000 ounces, and measured and indicated gold mineral resources estimated to be approximately 1,114,000 ounces. See chart at end of release for details; Approximately CDN$24 million (US$20 million) in cash and cash equivalents;
- Significant potential for growth through exploration at Central Sun's properties in Nicaragua and Linear Gold's promising Ixhautan Gold Project in Mexico and Ampliacion Pueblo Viejo, Loma El Mate and Loma Hueca Gold Properties in the Dominican Republic;
- Management and board of directors with experience operating, developing, and financing mining companies;
- Strategic position to leverage expected consolidation in the gold industry.
Upon completion of the Transaction, Linear Gold will have approximately 53.2 million common shares issued and outstanding, with former Central Sun shareholders holding approximately 48% of the issued and outstanding common shares of the combined company.
Compelling Combination
The combination will bring significant benefits to each of the companies and their shareholders. The boards of directors of both Central Sun and Linear Gold unanimously support the proposed combination.
For Central Sun,
- The exchange ratio of 0.4 Linear Gold common shares for each Central Sun common share values Central Sun at approximately $CDN18.4 million, or approximately $CDN0.292 per CSM common share, which represents a premium of 75% based on the 20-day volume weighted average TSX price of Central Sun and Linear Gold shares from December 23, 2008, the trading day prior to the announcement, and 42% based on the respective closing prices on December 23, 2008;
- Helps to facilitate development of the Orosi gold project resulting in increased gold production in the combined company;
- Provides cash resources of approximately CDN$24 million (US$20 million), which addresses Central Sun's immediate working capital needs and will partly fund development activities to re-commence production at Orosi;
- Provides exposure to Linear Gold's promising Ixhautan Gold Project in Mexico, which Kinross Gold Corporation has been exploring and evaluating under an option agreement to acquire up to a 70% interest in exchange for future cash payments to Linear Gold of up to US$115 million; and
- Provides shareholders with a significant stake in the combined company that is well positioned to participate in expected future consolidation in the gold industry.
For Linear Gold,
- Adds current production of approximately 45,000 ounces of gold per year
- Adds planned production growth, as Central Sun projects 2010 gold production of 130,000 ounces based on the re-commencement of production at the Orosi project;
- Significantly increases estimated mineral reserves and resources;
- Adds skilled mining operations team, experienced in successfully operating and developing mines;
- Provides exposure to exploration success at Central Sun's Limon, Orosi and Mestiza-La India projects; and
- Provides shareholders with a significant stake in the combined company that is well positioned to participate in expected future consolidation in the gold industry.
CSM Board of Directors' Recommendations
The Transaction will be subject to approval of the shareholders of CSM. The Board of Directors of Central Sun has determined to recommend that CSM shareholders vote in favour of the Transaction. In addition, the Central Sun directors have indicated that they intend to vote their CSM shares in favour of the Transaction.
Transaction Details
The Transaction is expected to be structured as a plan of arrangement between Central Sun and a newly formed, wholly-owned subsidiary of Linear Gold. Under the terms of the Transaction, CSM shareholders will receive 0.4 common shares of Linear Gold for each common share of Central Sun held. Each outstanding Central Sun convertible security will become exercisable for Linear Gold common shares based on the exchange ratio and resulting price adjustment. Under certain circumstances, prior to closing, Linear Gold shareholders will be entitled to receive up to 7.5 million warrants of Linear Gold exercisable at $1.00 per share and expiring in 24 months. The Board of Directors of the combined company will be comprised of three representatives of Linear Gold and three representatives of Central Sun. Wade Dawe shall be appointed as Chairman and Peter Tagliamonte will be appointed as President and Chief Executive Officer of Linear Gold.
Linear Gold has entered into lock-up agreements with CSM officers, directors and shareholders who hold approximately 10.5% of the outstanding CSM common shares, pursuant to which they have agreed to vote in favour of the Transaction on the terms proposed above, subject to certain conditions.
The letter agreement includes a commitment by Central Sun not to solicit alternative transactions to the proposed Transaction. Linear Gold has also been provided with certain other rights customary for a transaction of this nature, including the right to match competing offers made to CSM. The Letter Agreement also provides for a break fee of CDN$1,000,000 to be payable to Central Sun or Linear Gold in certain circumstances.
The Transaction is subject to the parties entering into a definitive agreement by January 29, 2009 and the receipt of all necessary regulatory approvals and necessary shareholder approvals at special meeting(s) to be held no later than April 30, 2009. Closing of the Transaction is set to occur by no later than May 31, 2009.
The parties have agreed that the shareholders of the combined company will consider a special resolution changing the name of the combined company to Central Sun Mining Corp., at its first annual general meeting.
Linear Gold's legal counsel is Cox & Palmer. Central Sun's legal counsel is Cassels Brock & Blackwell LLP.
About Linear Gold
Linear Gold Corp. is actively exploring for gold and base metal deposits through joint ventures with Kinross Gold in Mexico and Everton Resources in the Dominican Republic.
About Central Sun
Central Sun Mining Inc. is a gold producer with mining and exploration activities focused in Nicaragua. Central Sun operates the Limon Mine in Nicaragua and is converting the Orosi Mine in Nicaragua to conventional milling to increase the annual gold output. It also holds an option to acquire a 100% interest in the Mestiza gold property which is located 70 kilometres by road east of the Limon Mine. The Company is focused on efficient and productive mining practices to establish high quality and cost effective operations. Central Sun is committed to growth by optimizing current operations, expanding mineral reserves and resources at existing mines, exploring its extensive land holdings and seeking strategic mergers or acquisitions in the Americas.
Peter Tagliamonte, P.Eng., who is the President and CEO of Central Sun and a qualified person under National Instrument 43-101, has reviewed the scientific and technical information in this press release relating to Central Sun and its properties.
This communication does not constitute an offer to purchase or exchange or the solicitation of an offer to sell or exchange any securities of Central Sun or an offer to sell or exchange or the solicitation of an offer to buy or exchange any securities of Linear Gold, nor shall there be any sale or exchange of securities in any jurisdiction (including the United States) in which such offer, solicitation or sale or exchange would be unlawful prior to the registration or qualification under the laws of such jurisdiction. The distribution of this communication may, in some countries, be restricted by law or regulation. Accordingly, persons who come into possession of this document should inform themselves of and observe these restrictions. The solicitation of offers to buy Linear Gold shares in the United States will only be made pursuant to a prospectus and related offer materials that Linear Gold expects to send to holders of Central Sun securities, subject to the requirements of applicable law. The Linear Gold shares may not be sold, nor may offers to buy be accepted, in the United States prior to the time the registration statement (if any is filed) becomes effective or an exemption from such requirements is available. No offering of securities shall be made in the United States except (i) by means of a prospectus meeting the requirements of Section 10 of the United States Securities Act of 1933, as amended, which would contain detailed information regarding Linear Gold and its management, as well as its financial statements, or (ii) pursuant to an exemption from the registration requirements of the United States Securities Act of 1933, as amended.
Cautionary Note Regarding Forward-Looking Information This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to the future financial or operating performance of Linear Gold and Central Sun and its projects, statements regarding exploration prospects, statements regarding synergies and financial impact of the proposed transaction, the terms and conditions of the transaction, the benefits of the proposed transaction, the identification of mineral reserves and resources, costs of and capital for exploration and development projects, exploration and development expenditures, timing of future exploration and development activities, expected production, requirements for additional capital, government regulation of mining operations, environmental risks, reclamation expenses, title disputes or claims, limitations of insurance coverage and the timing and possible outcome of pending litigation and regulatory matters. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved".
Forward-looking information is based on various assumptions and on the nest estimates of CSM or Linear Gold, as the case may be, as of the date hereof, and is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company (and the company resulting from the successful completion of the proposed transaction) to be materially different from those expressed or implied by such forward-looking information, including but not limited to: general business, economic, competitive, political and social uncertainties; the actual results of current exploration activities; delay or failure to receive board or regulatory approvals; timing and availability of external financing on acceptable terms; the business of Linear Gold and Central Sun not being integrated successfully or such integration proving more difficult, time consuming or costly than expected; not realizing on the potential benefits of the proposed transaction; conclusions of economic evaluations; changes in project parameters as plans continue to be refined; future prices of mineral prices; failure of plant, equipment or processes to operate as anticipated; accidents, labour disputes and other risks of the mining industry; and, delays in obtaining governmental approvals or required financing or in the completion of activities, and as well as those risks identified under "Risk Factors" disclosure sections in the documents filed under the profile of SEDAR by CSM and/or Linear from time to time. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information 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 information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
Schedule A
MINERAL RESERVE AND MINERAL RESOURCE ESTIMATES
COMBINED CENTRAL SUN MINING INC. AND LINEAR GOLD CORP.
(as at January 31, 2008)
Mineral Reserves
Mine Tonnes Grade (g/t) Gold (ounces)
----------------------------------------------------------------------------
LIMON(2)
Proven 156,400 6.04 30,400
Probable 1,224,600 4.75 186,900
----------------------------------------------------------------------------
Total 1,381,000 4.89 217,200
OROSI(3)
Probable 11,017,000 1.44 509,500
----------------------------------------------------------------------------
Total 11,017,000 1.44 509,500
Total Proven and Probable
Mineral Reserves 12,398,000 1.82 726,700
Mine Tonnes Grade (g/t) Gold (ounces)
----------------------------------------------------------------------------
LIMON(2)
Measured 30,000 4.65 4,500
Indicated 354,100 5.02 57,200
----------------------------------------------------------------------------
Total 384,000 4.99 61,600
OROSI(3)
Indicated 4,126,000 1.51 200,400
----------------------------------------------------------------------------
Total 4,126,000 1.51 200,400
IXHUATAN(5)
Measured 1,320,000 4.8 204,000
Indicated 8,050,000 2.5 648,000
Total 9,370,000 2.8 852,000
Total Measured & Indicated
Mineral Resources 13,880,000 2.48 1,114,000
----------------------------------------------------------------------------
Inferred Mineral Resources
Mine/Project Tonnes Grade (g/t) Gold (ounces)
----------------------------------------------------------------------------
LIMON(2)
Total 1,291,000 5.91 246,000
OROSI(3)
Total 3,371,000 0.76 82,600
MESTIZA(4)
Total 558,000 8.80 158,600
IXHUATAN(5)
Total 7,130,000 1.6 374,000
----------------------------------------------------------------------------
Total Inferred 12,350,000 2.15 861,200
Notes:
(1) The mineral reserves and resources reported herein are based on the CIM
Definition Standards for Mineral Resources and Mineral Reserves adopted
by the CIM Council on December 11, 2005 ("CIM Standards"). Mineral
Resources that are not mineral reserves do not have demonstrated
economic viability. Mineral resources are in addition to Mineral
Reserves.
(2) Mineral Reserve and Mineral Resource estimates for the Limon mine were
prepared by CSM mine personnel under the supervision of Dr. William
Pearson, P.Geo. and Mr. Graham Speirs, P.Eng. both of whom are
Qualified Persons as defined under National Instrument 43-101.
(3) The Mineral Reserve and Resource at Orosi (formerly La Libertad) was
prepared as of January 31, 2008 by Scott Wilson Roscoe Postle &
Associates Ltd. (Scott Wilson RPA).
(4) The Inferred Mineral Resource for Mestiza was prepared by CSM
exploration personnel under the supervision of Dr. William Pearson,
P.Geo. a Qualified Person as defined by NI 43-101. The estimate is
based on historical drilling and recent trench sampling and drilling
by CSM.
(5) The Independent Qualified Person responsible for the Ixhuatan resource
estimates is Gary Giroux, P. Eng. of Giroux Consultants Ltd. A
Technical Report prepared to National Instrument 43-101 requirements
has been filed on SEDAR.
(6) Totals may not add up due to rounding.
Contact:
Contacts:
LINEAR GOLD CORP.
Wade K. Dawe
President and Chief Executive Officer
(902) 422-1421
Website: http://www.lineargoldcorp.com
CENTRAL SUN MINING INC.
Peter Tagliamonte
President and Chief Executive Officer
(416) 860-0919
Email: ir@centralsun.ca
Simulations Plus Sets Date for Fiscal Year 2008 Earnings Release and Conference Call
Nov 26, 2008 09:25:00 (ET)
LANCASTER, Calif., Nov 26, 2008 (BUSINESS WIRE) -- Simulations Plus, Inc. (SLP, Trade ), a leading provider of software for pharmaceutical discovery and development, today announced that it expects to file its 10K-SB annual report with the Securities and Exchange Commission not later than Friday, November 28, and will hold an investor conference call on Monday, December 1, at 1:15 PM PST/ 4:15 PM EST.
Shareholders and interested parties may join the conference call by dialing toll-free 877-856-1961, and referencing either 'Simulations Plus Fiscal Year 2008 Results' or confirmation code 5320894. The conference call may also be accessed from outside the United States by dialing 719-325-4769. Please dial-in five to ten minutes prior to the scheduled start time. Playback should be available on our web site within 72 hours.
About Simulations Plus, Inc.
Simulations Plus, Inc., is a premier developer of groundbreaking drug discovery and development software, which is licensed to and used in the conduct of drug research by pharmaceutical, biotechnology, and drug delivery companies worldwide. The Company has two other businesses, Words+, Inc. and FutureLab(TM), which are based on its proprietary software technologies. Simulations Plus, Inc., is headquartered in Southern California and trades on the NASDAQ under the symbol "SLP." For more information, visit our Web site at www.simulations-plus.com .
SOURCE: Simulations Plus, Inc.
Investor Relations
Simulations Plus, Inc.
Ms. Renee Bouche, 661-723-7723
info@simulations-plus.com
Buyback is 22% of the float at these levels. That is very substantial. I would like to see a dividend program started as well.
Thanks for info! I thought it was in the neighborhood of $7Mil. 16Mil shares, $7Mil in the bank with no debt, I'm buying this morning.
IMO, company should consider a share buy back at these levels or a dividend if they cannot find another company to purchase.
How much cash does SLP have? EOM
Denver Week #4 Thanks! EOM
Seattle Week #3 Thanks! EOM
Green Bay Week #2 Thanks! EOM
Sherwood & Capstone Announce Combination to Create Intermediate Copper Producer
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 09/08/08 -- Sherwood Copper Corporation (TSX VENTURE: SWC)(TSX VENTURE: SWC.DB) and Capstone Mining Corp. (TSX: CS) have entered into a Letter Agreement to combine, by way of a plan of arrangement or other form of business combination, to create a well-funded, low-cost, growth-oriented, copper company with two producing mines in mining friendly jurisdictions in North America. The two companies have agreed to combine on an "at-market" basis whereby each Sherwood shareholder will receive 1.566 shares of Capstone (based on the 20-day volume weighted average share price of the two companies). The boards of directors of Sherwood and Capstone have unanimously approved the terms of the transaction.
Transaction Rationale
Capstone and Sherwood believe this merger will realize significant benefits for each of the company's shareholders, including:
- Significant production growth, with forecast production of 85 million pounds of copper in 2008, increasing to 110 million pounds in 2009, with significant by-products of gold, silver, lead and zinc, as previously disclosed;
- Low cost production with forecast total cash costs of under US$1.00 per pound of payable copper in 2008 and 2009, including all off-site costs and net of by-product credits, generating significant free cash flow to fund corporate growth opportunities;
- An aggressive, growth oriented company focused on maximizing the value of its existing high grade mines, Cozamin and Minto, through sequential increases in resources, reserves and production; the pursuit of value through continual improvements at its operations; the advancement of the high grade Kutcho project towards a production decision and accretive merger and acquisition opportunities.
- Diversification of operational and geographic risk with the high grade open pit Minto copper-gold-silver mine in Canada and the high grade, underground Cozamin copper-silver-zinc-lead mine in Mexico.
- Increased market capitalization that should improve trading liquidity for shareholders of the combined company.
- Continued focus on optimization and cost reduction strategies, with the Cozamin mill throughput set to increase to 3,000 tonnes per day and Minto to 3,200 tonnes per day by the end of 2008. Minto will also reduce exposure to high fuel costs for electrical power generation by connecting to grid power in Q4/08.
- Excellent exploration upside at both the Cozamin and Minto mines, where high grade resources have been increased by 47% and 140%, respectively, over the past two years, exclusive of the results from major exploration programs completed in 2008, many of the results for which are still pending. Sherwood completed 120 holes at Minto and 81 holes at Kutcho in 2008, the results for approximately half of which remain to be reported, while Capstone has completed 7,000m of underground and 25,000m of surface drilling at Cozamin, the results of which are to be incorporated into an updated resource and reserve estimate.
- A combined management team with complementary experience and a proven track record of building and profitably operating mines to create shareholder wealth, supported by a seasoned and experienced board of directors.
- Exposure to the potential development of the high grade Kutcho copper-zinc-gold-silver project in northwestern British Columbia, where a preliminary economic assessment (see Sherwood news release dated June 12, 2008) indicated potential for production of 45 million pounds of payable copper per year at a cash cost of less than $1.00 per pound (net of by-product credits) and outlined several opportunities for further project enhancements.
- Strong balance sheet to support growth strategies.
- Enhanced market exposure for Sherwood's shareholders through access to Capstone's TSX listing and increased weighting in the TSX composite index.
- Broadened research coverage for Capstone's shareholders through Sherwood's analyst coverage, presently at nine firms across the spectrum of Canadian brokerages.
Capstone and Sherwood further believe that their shareholders will benefit from the tax-effective combination of the two companies and allow for participation in the upside from the significantly enhanced business platform.
Board & Management
The board and management structure of the combined company will draw on the expertise of both companies and the board will include four current Sherwood directors, one current director of Capstone and one nominee of Capstone. Colin K. Benner has agreed to serve as non-executive Chairman. Darren Pylot (currently President & CEO of Capstone) will become Vice Chairman and CEO and Stephen Quin (currently President & CEO of Sherwood) will become President & COO of the combined company. Richard Godfrey (currently Chief Financial Officer of Sherwood) will become Chief Financial Officer of the combined company; other senior management from both companies will be integrated into the senior management of the combined company, retaining many of the same responsibilities. Capstone and Sherwood intend to capitalize on the success of their respective strategies for the operation, expansion and exploration of the high grade Cozamin and Minto copper mines, located in Zacatecas, Mexico, and Yukon, Canada.
"Capstone and Sherwood have each looked at numerous merger and acquisition possibilities over the past year and have concluded that this is the most compelling consolidation opportunity in the sector," said Darren Pylot, President & CEO of Capstone. "The combined management teams are a great fit, with complementary skills and experience and a common focus on acquiring and operating high grade, low cost operations in mining-friendly, politically stable jurisdictions. Operationally, the high grade Cozamin and Minto copper mines are tremendous assets, and each is undergoing a third expansion program and, combined, should produce more than 100 million pounds of copper at cash cost of less than a dollar per pound in 2009. These operations provide an excellent platform for future growth."
"The combination of Sherwood and Capstone is a highly complementary transaction," said Stephen Quin, Sherwood's President & CEO. "Capstone's strong cash and investments and modest copper hedging program is complementary to Sherwood's more leveraged balance sheet and larger copper hedging program (through the end of 2011). Both Sherwood and Capstone have production expansion opportunities at their Minto and Cozamin mines, which we aim to advance as soon as practicable, and Sherwood offers significant organic growth potential through continued exploration success at Minto and a high grade development opportunity at its Kutcho copper project."
Transaction
Capstone and Sherwood anticipate that the transaction will be carried out by way of statutory plan of arrangement of Sherwood whereby Capstone would acquire all of the issued shares of Sherwood and Sherwood would become a wholly-owned subsidiary of Capstone (the "Arrangement"). The transaction would be subject to certain standard conditions including that not less than 66 2/3% of the issued and outstanding shares of Sherwood being voted at a shareholders meeting being in favour of the transaction. However, the parties may consider an alternative form of transaction, such as an amalgamation or other form of business combination, as mutually determined by Capstone and Sherwood.
Full details of the offer will be included in the formal Arrangement Agreement and Management Information Circular to be filed with the regulatory authorities and mailed to Sherwood shareholders in accordance with applicable securities laws. Under the Arrangement Capstone will acquire all of the issued and outstanding shares of Sherwood in consideration for the issue of Capstone shares on the basis of 1.566 Capstone shares for every Sherwood share. The Arrangement is an "at market" transaction with no premium to either party, based on the 20-day volume weighted average price of each of Capstone and Sherwood to September 5, 2008. Based on the current Sherwood shares outstanding, the transaction would involve the issuance of approximately 84 million Capstone shares, which equates to 105% of Capstone's shares outstanding.
The proposed transaction is expected to be completed before the end of 2008 and is subject to certain customary conditions, including receipt of all necessary court and shareholder approvals and dissent rights to the Arrangement shall not have been exercised prior to the effective date of the Arrangement by holders of Sherwood shares representing in the aggregate 5% or more of outstanding Sherwood shares at such time. It is anticipated that a special meeting of shareholders of Sherwood (the "Meeting") will be held at a time yet to be determined to approve the proposed transaction.
Under the terms of the Arrangement, each Sherwood shareholder will be entitled to 1.566 Capstone shares for every one Sherwood share held. Sherwood's outstanding options and warrants adjusted in accordance with their terms so that the number of Capstone shares received upon exercise and the exercise price are adjusted proportionately to reflect the exchange ratio described above.
The transaction is subject to the consent of Sherwood's lenders under the provisions of its debt facilities.
Following a change of control event in Sherwood, Capstone must, within 30 days of the occurrence of the change of control, make an offer to redeem all of Sherwood's convertible debentures then outstanding. The offer to purchase must be made at a purchase price equal to 101% of the principal amount of the debentures, plus accrued and unpaid interest thereon, if any, up to but excluding the date set for the completion of the offer to purchase. Capstone has had indications of interests from a financial institution in providing a debt facility up to the amount of the convertible debentures, should Capstone decide it wishes to avail itself of this option.
Capstone has engaged Scotia Capital as its financial adviser and Blake, Cassels & Graydon LLP as its legal advisor in respect of this transaction. Sherwood has engaged Haywood Securities Inc. as its financial advisor and Gowling Lafleur Henderson LLP as its legal advisor in respect of this transaction.
Conference Call
Capstone and Sherwood will hold a conference call at 11:00 AM Toronto time (8:00 AM Vancouver time) on Tuesday September 9, 2008 to allow shareholders, securities analysts and investors the opportunity to hear management discuss the business combination outlined herein. The call can be accessed by dialling (toll free) 1-866-334-3876 or at 416-849-4292. The call will also be webcast by Vcall; the call and presentation can be accessed at Capstone's or Sherwood's websites at www.capstonemining.com or www.sherwoodcopper.com, respectively. The call will also be available for replay by dialling (toll free) 1-866-245-6755 or 416-915-1035 (Passcode 130485) for 14 days.
About Capstone Mining
Capstone is a Canadian based mining company currently operating the 100% owned Cozamin copper-silver-lead-zinc mine located in Zacatecas State, Mexico. The Cozamin Mine produced 6.7 million pounds of copper at a total cash cost of US$0.90 per pound in the three months ended June 30, 2008. Capstone has approximately 80.3 million shares outstanding and is well financed with no bank debt, and approximately US$100 million in working capital and marketable securities as of June 30, 2008, based on current share prices.
Additional information on Capstone Mining and its Cozamin Mine is available on Capstone's website at http://www.capstonemining.com.
About Sherwood Copper
Sherwood Copper owns 100% of the high grade Minto copper-gold mine in Yukon, Canada, which was built on budget and ahead of schedule in 2007. The Minto Mine is one of the highest-grade open pit copper-gold mines in the world, and is forecast to be a low cost producer. With 140% growth in resources in two years, followed by a successful 2008 drilling program, Sherwood plans to evaluate options for further significant production expansions. Sherwood also has a 100% interest in the high grade Kutcho copper-zinc project in BC, Canada, which it is advancing towards production. The Minto Mine produced 12.8 million pounds of copper at a total cash cost of C$0.96 per pound in the three months ended June 30, 2008. Sherwood has approximately 53.8 million shares outstanding and, at June 30, 2008, had approximately $51.7 million in project related debt, $43.6 million in convertible debentures, and $8.1 million drawn against a corporate credit facility, after repaying US$16.9 million in the first six months of 2008.
Additional information on Sherwood and its Minto Mine can be obtained on Sherwood's website at http://www.sherwoodcopper.com.
Philadelphia Week #1 Thanks! EOM
JML.v slideshow presentation.
http://www.slideshare.net/guest4c5fb9/jag-mines-jmlv
$2.18 +0.26 (+13.54%) Nice day EOM
Technical report recommends drilling on Starfire's Stobie Lake Uranium Project, Ontario, Canada.
VANCOUVER, May 9, 2008 (Canada NewsWire via COMTEX News Network) --
Trading Symbol: SFR: TSX-Venture
Starfire Minerals Inc. (the "Company") has received and filed on SEDAR a NI 43-101 compliant report prepared by Donald Phipps, M.Sc., P.Geo. of Sudbury, Ontario covering the Company's Stobie Lake Uranium Project. The report along with other information about the Company can be found at www.sedar.com. and on Starfire's website at www.starfireminerals.ca.
The report will be filed as part of the Company's application for corporate reorganization whereby Starfire Uranium Inc. and Starfire Nickel Inc. will be spun off from Starfire Minerals Inc. as two new public companies.
The Company's Stobie Lake property lies within Stobie and Grigg Townships in the Sudbury Mining District of Ontario, approximately 50 km north-northeast of Sudbury and consists of 18 contiguous mining claims covering approximately 4,288 hectares. The Company owns a 100% interest in the claims subject to a 1% NSR royalty. The stratigraphic position and lithology of the rocks on the Stobie Lake property are analogous to the Elliot Lake area, located 150 km to the southwest, which produced over 300 million pounds of U(3)O8. The presence of anomalous concentrations of uranium on the Stobie Lake property enhances this analogy. The Company carried out a combined airborne magnetic, VLF-EM (very low frequency electromagnetic) and radiometric survey over the Stobie Lake property in 2006. The previously known areas of uranium mineralization were identified along with other anomalous areas which warrant ground follow-up. In 2007, The Company carried out ground geophysics on a 1 x 1 km grid at the Wanapitei River Site. The survey confirmed the anomalous radioactivity detected in the airborne survey.
The Technical Report concludes that the property warrants further exploration with the objective of finding significant areas with higher grade values in the lower part of the Mississagi Formation. This formation crops out on the property along the east side of the Wanapitei River and in the Stobie Lake area. These exposures are thought to dip to the south and southeast beneath the overlying, younger strata and to exist at depth under most of the Stobie Lake property, representing a substantial target area for exploration.
An exploration program, consisting of gridding, detailed geological mapping and sampling, scintillometer surveys, and diamond drilling with a budget of $280,000, is proposed. The Company has conducted only limited exploration to date on the property and no mineral resource under NI 43-101 has been calculated. There can be no assurance that additional exploration will result in the establishment of a minerals resource on the property.
The Qualified Person for purposes of this news release is Mr. Philip J. Rush, P. Geo.
Starfire Minerals Inc. includes uranium, nickel and precious & base metal divisions with properties in Ontario, Quebec and British Columbia.
ON BEHALF OF THE BOARD OF DIRECTORS OF
STARFIRE MINERALS INC.
"Dan Mosher"
------------
Dan Mosher
President/CEO
THIS PRESS RELEASE WAS PREPARED BY MANAGEMENT WHO TAKES FULL
RESPONSIBILITY FOR ITS CONTENTS.
Copper +$4.00 TGB increasing production EOM
Simulations Plus' Software Selected Application of Choice by Premier Pharmaceutical Company
Top 3 Company Adds Software Licenses to Multi-year Agreement
Simulations Plus, Inc. (NASDAQ:SLP), a leading provider of software for pharmaceutical discovery and development, today announced that the pharmacokinetics, dynamics, and metabolism science board at a top three pharmaceutical company named its GastroPlus™ software an “application of choice.” The client also issued a purchase order for additional software licenses at several of its research sites, which expands the number of users in their existing global multi-year software license agreement that began in December 2007.
Ron Creeley, vice president of marketing and sales for Simulations Plus, said: “This is a clear indication of the acceptance of Simulations Plus’ software at the highest scientific and business levels of this top three company. Our achievement of designated vendor status with this company means our software is more widely available to research scientists at the organization, and streamlines purchasing procedures whenever the company obtains products or services from Simulations Plus.”
Walt Woltosz, chairman and chief executive officer of Simulations Plus, added: “As pharmaceutical companies face a significant number of patent expirations in the near future, there is a need to become more aggressive in research and development to fill the pipeline, sometimes with reduced R&D staff. Productivity tools like GastroPlus™, ADMET Predictor™, ClassPharmer™, and DDDPlus™ leverage the expertise of the industry’s scientific teams. We believe that the difficulties facing some parts of the pharmaceutical industry will result in greater use of such tools as managers realize that the savings in time and money that can be achieved through their application vastly exceeds the cost of obtaining and learning to use them.”
About Simulations Plus, Inc.
Simulations Plus, Inc., is a premier developer of groundbreaking drug discovery and development software, which is licensed to and used in the conduct of drug research by pharmaceutical, biotechnology, and drug delivery companies worldwide. The Company has two other businesses, Words+, Inc. and FutureLab™, which are based on its proprietary software technologies. Simulations Plus, Inc., is headquartered in Southern California and trades on the NASDAQ under the symbol “SLP.” For more information, visit our Web site at www.simulations-plus.com.
Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995 – With the exception of historical information, the matters discussed in this press release are forward-looking statements that involve a number of risks and uncertainties. Our actual future results could differ significantly from those statements. Factors that could cause or contribute to such differences include, but are not limited to: our ability to maintain our competitive advantages, acceptance of new software and improved versions of our existing software by our customers, the general economics of the pharmaceutical industry, our ability to finance growth, our ability to continue to attract and retain highly qualified technical staff, and a sustainable market. Further information on our risk factors is contained in our quarterly and annual reports as filed with the Securities and Exchange Commission.
Simulations Plus, Inc.
Investor Relations:
Ms. Renée Bouché, 661-723-7723
info@simulations-plus.com
Source: Business Wire (April 3, 2008 - 9:29 AM EDT)
Level II looking the best it has in a long time. EOM
$1.30 EOM
When the conditions I stated are met, then I will make a decision to vote yes or no. The way things are now I do not have enough information. My money, my shares, my conditions.
Nice day, EOM.
I have 150,000 shares and I am not going to vote to increase shares without knowing what the shares were used for during the increase to 100 Million or without knowing what intention Biscan has for the increased shares. I need something in writing such as a simple letter to the shareholders so I can hold him accountable in the future. Something in writing stating, shares will be used for acquisitions, shares will be used for operating expenses, shares will be used for bonuses to officers, or whatever.
My ultimate feeling is that he needs to take care of current & past responsibilities (financials) before taking on any additional responsibilities.
Large block at the close (170,600 shares) EOM