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Sienna Enters Into an Agreement for an Option to Acquire 100% of the "Elko Lithium Project" in Elko County, Nevada Bordering Surge Battery Metals
$SNNAF
Vancouver, British Columbia--(Newsfile Corp. - August 17, 2023) - Sienna Resources Inc. (TSXV: SIE) (OTC Pink: SNNAF) (FSE: A1XCQ0) ("Sienna" or the "Company") is pleased to announce that it has entered into an arm's length property option agreement whereby it has been granted an option to acquire a 100% interest in the "Elko Lithium Project" in Elko County, Nevada. This project consists of approximately 1200 contiguous acres directly bordering Surge Battery Metals' "Nevada North Lithium Project" in Elko County, Nevada. This agreement is subject to TSX Venture Exchange (the "Exchange") approval. The Nevada North Lithium Project has retuned some of the highest grades for lithium in Nevada. According to Surge's website, "Drill hole NN2207 intersected the thickest intervals of lithium-rich claystone encountered to date; a total of 120.4 metres (395 feet) averaging 3,943 parts per million lithium in four zones." Plans are being formulated immediately for the first phase of work on this project. Sienna management cautions that past results or discoveries on properties in proximity to Sienna may not necessarily be indicative of the presence of mineralization on the company's properties.
Jason Gigliotti, President of Sienna states, "This is one of the most exciting lithium regions in North America. The grades that were encountered by Surge are some of the highest grades attained in Nevada and having a project that is directly bordering this new lithium discovery holds tremendous promise for Sienna's shareholders. We plan to immediately commence plans for the first phase of work on this project. Not only do we have this new lithium project, but Sienna is one of the largest landholders in Clayton Valley, Nevada through its other property interests. Sienna has adequate cash resources for anticipated exploration plans and we expect to very active on multiple fronts in the remainder of 2023. Management is very optimistic about the future and looks forward to what will happen in the ground on these projects."
Recently, the Bureau of Land Management (BLM) has given Sienna approval for up to 4 additional holes to be completed on the 100% owned Blue Clay Lithium Project in Clayton Valley, Nevada (See map). On March 25, 2022, Sienna revealed a new lithium discovery on the Blue Clay Lithium Project. Lithium values as high as 1230 ppm Li were encountered. The Blue Clay Lithium Project consists of 150 contiguous claims totaling approximately 2,950 acres prospective for lithium right in the heart of the Clayton Valley in Nevada, which is currently home to the only producing lithium region in North America.
Terms of the agreement:
Upon receipt of conditional approval from the Exchange, the Optionee has the exclusive right and option to earn a 100% legal and beneficial interest in the Elko Lithium Project from the owner by making cash payments totalling $92,000 CDN and issuing stock totalling 16 million shares (the "Transaction") as set out below:
Paying the optionor $92,000 within five (5) days of all applicable approvals (including receipt of conditional approval of the Exchange);
Issuing the optionor 10,0000,000 common shares within five (5) days of all applicable approvals (including receipt of conditional approval of the Exchange);
Issuing the optionor 3,000,000 common shares within 10 days of drilling a hole that returns drilling results evidencing at least 1,000 ppm lithium anywhere in the hole; and
Issuing the optionor 3,000,000 common shares within 10 days of receiving a technical report (in compliance with NI 43-101) by an acceptable and accredited 3rd party evidencing a minimum of 1,000,000 LCE with a 300 ppm cut-off.
The option agreement constitutes an Expedited Acquisition under the policies of the Exchange. All common shares issuable under the option agreement will be issued with a restrictive period of four months and one day. There were no finder's fees payable in connection with the option agreement.
About Sienna Resources Inc.
Sienna is one of the larger landholders in Clayton Valley Nevada. Sienna's Clayton Valley projects include the Blue Clay Lithium Project, the Silver Peak South Project, and the Clayton Valley Deep Basin Lithium Project. The Clayton Valley is home to the only lithium production in North America, being Albemarle Corp's Silver Peak deposit. This project is also near Tesla Motors Inc.'s Gigafactory in Nevada. On March 18, 2021, Schlumberger New Energy Venture announced the development of a lithium extraction pilot plant through its new venture, NeoLith Energy in a strategic partnership with Pure Energy. The deployment of the pilot plant will be in Clayton Valley, Nevada, USA. The NeoLith Energy sustainable approach uses a differentiated direct lithium extraction (DLE) process to enable the production of high-purity, battery-grade lithium material while reducing the production time from over a year to weeks. Results from this pilot plant are expected in 2023 and could have a significant impact on the brine prospects within Clayton Valley Nevada. Sienna also has the 'Marathon North Platinum-Palladium Property' in Northern Ontario directly bordering Generation Mining Marathon Deposit.
Qualified Person:
Mr. Frank Bain, PGeo, a qualified person as defined by National Instrument 43-101 has reviewed and approved the scientific and technical disclosure contained within this news release.
If you would like to be added to Sienna's email list, please email info@siennaresources.com for information or join our twitter account at @SiennaResources.
Contact Information
Tel: 1.604.646.6900
Fax: 1.604.689.1733
www.siennaresources.com
info@siennaresources.com
"Jason Gigliotti"
President, Director
Sienna Resources Inc.
Statements in this news release that are not historical facts are forward-looking statements. Forward-looking statements are statements that are not historical, and consist primarily of projections - statements regarding future plans, expectations and developments. Words such as "expects", "intends", "plans", "may", "could", "potential", "should", "anticipates", "likely", "believes" and words of similar import tend to identify forward-looking statements. Forward-looking statements in this news release include the exercise of the option, TSX Venture Exchange approval of the agreement and mineralization potential regarding the Project. All of these forward-looking statements are subject to a variety of known and unknown risks, uncertainties and other factors that could cause actual events or results to differ from those expressed or implied, including, without limitation, that the Company may not be able to obtain TSX Venture Exchange approval; may not elect to exercise the option; may not be able to conclude the property expenditure requirements as required; uncertainty of exploration and development plans regarding the property; commodity price fluctuations; political or economic instability and regulatory changes; currency fluctuations, the state of the capital markets; uncertainty in the measurement of mineral reserves and resource estimates; the Company's ability to attract and retain qualified personnel and management; potential labour unrest; reclamation and closure requirements for mineral properties and the availability of capital to fund the Company's projects, as well as other risks and uncertainties identified under the heading "Risk Factors" in the Company's continuous disclosure documents filed on SEDAR. You are cautioned that the foregoing list is not exhaustive of all factors and assumptions which may have been used. The Company cannot assure you that actual events, performance or results will be consistent with these forward-looking statements, and management's assumptions may prove to be incorrect. These forward-looking statements reflect current expectations regarding future events and operating performance and speak only as of the date hereof and the Company does not assume any obligation to update forward-looking statements if circumstances or management's beliefs, expectations or opinions should change other than as required by applicable law. For the reasons set forth above, you should not place undue reliance on forward-looking statements.
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 press release.
$SNNAF trading under .04 just acquired a project beside Surge Battery Metals who posted results over 3900 PPM LI on their last drill program. The Elko Project in Elko country is 1200 Acres. Surge was a 5x on their discovery with some of the highest numbers seen in lithium bearing clays. Worth a look on this project alone but also hold a brine claim in the deepest part of Clayton Valley Nevada, the only brine producing area in North America. Slumberger (SLB) is expected to announce results from their $100MM DLE plant in Clayton Valley. ALB is currently mining in Clayton Valley and Koch Technologies is working on a claystone pilot plant with Century Lithium in the valley. Lots of pending catalysts that will help put a focus on the area at a time when Sienna is expected to begin work programs on several projects.
Sorry for the late reply, I find IHUB generally quiet so I spend most days on Reddit and Discord so don't check IHUB often. Reliq won't be doing any fund raising to uplist or for their ongoing operations. They haven't wanted to do any capital raises for a while and probably have had a lot less exposure due to it. Everyone wants to do a placement with them and promote as a side deal and Reliq simply is not interested in it. They seem to have rounded the corner to profitability, have about 21M in account receivables which they are collecting and we will likely have an update in a couple weeks. They have planned a webinar to update shareholders this month but the date is being held until they can tie it to an announcement that is coming. (According to the US IR) If this accurate, I expect a significant customer announcement shortly followed by the webinar which hopefully will let us know how much of the AR has been collected. Basically a couple big catalysts in a couple weeks. The last update said they were collecting about 1 Million of the AR a month and that rate was accelerating. They also said they expected to have most of it collected by end of the year. With an annual operating cost around 12 million they should have a good run to the end of the year and into 2024. No need to raise cash and lots in the bank for share buy backs which they have talked about. For me this is a long term hold. Been holding since 2019 and don't plan to sell now that it is getting to the good part. It has swung pretty consistently for a while with it going from 36 to 47 quarterly so it is an easy short term trade for 25% if you are so inclined. I have been expecting it to take off so I generally just buy on the dips and add to the position.
In short, the story here is likely better than most see. As of now there are 8 funds that have a position which is a good sign. The WSJ has them listed if you want to take a look.
https://www.wsj.com/market-data/quotes/CA/XTSX/RHT/company-people?fbclid=IwAR20C8T9eRscYRnAh_lH3j2Saqmfcu2Tpx3gz_esC0Waaj4_9sW_K8LjZhQ
$BKTPF Confirms Lithium Mineralization extends North on the Solar project with the results from phase 4 now received. With resource estimated planned at the EOY this should do better through phase 5 which should be announced soon. Looking at the map in the news release they still have 70-80% of the property to explore. Lots of potential when the Lithium stocks bounce.
https://www.cruzbatterymetals.com/2023/07/cruzs-phase-4-drill-program-confirms-lithium-mineralization-is-open-in-all-directions-on-the-solar-lithium-project-in-nevada-directly-bordering-american-lithium-corp/
$SNNAF is ready to change direction IMO. The have lots of cash in the bank, work programs starting and marketing starting soon. There are some huge catalysts coming in the area which to me make the upside much better than the past performance would suggest. First, Pure Energy has been trading unbelievably well over the last couple months. They have been working on a DLE plant to extract lithium from the brine aquifer located in the valley. It is the same brine that Albemarle has harvested for about 60 years but will be much more efficient. Sienna's Lithium Brine project is located in the middle of Pure Energy's claims and by their maps, actually sit in the deepest part of the basin. I expect Sienna will finally work on this project once the refinery announces they are operational. SLB has stated in an article on Reuters that they have been in communication with at least 10 companies in the area to utilize the refinery so it may operate close to capacity. Looking at area maps, there are only a few companies in the brine where it could be advantageous to have a well and IMO, Sienna is a prime candidate. I expect catalysts to come one we see news on that refinery.
Without the DLE catalyst, Sienna has a large footprint to work on this summer and has said they would be doing multiple work programs in Clayton Valley this year. They have permits to drill on the Blue Clay project and just completed the acquisition on the Silver Peak South Project. Since they currently are well financed I expect we will see news in the next 30 days regarding work going ahead on one or possibly both these projects. This is all speculative but they have stated they plan to work in Clayton Valley and that is the projects they have there. Since News and Marketing are what move these stocks I am picking up shares for the news. I see low down side risk and a lot that can move it up.
Sounds like the SLB Neolith Refinery is done and working so we should see some big news soon. Not sure how long they can keep a lid on this with how Pure has been trading for the last 6 weeks. The whole, no material change message from May 10th isn't going to fly with the exchange as this keeps going. Q3 starts in a few days so maybe we get that big announcement soon...
Maxim Group LLC provides 12 month Price target for $RQHTF. $1.75 CDN.
https://cdn-ceo-ca.s3.amazonaws.com/1i93u3s-Maxim%20Research%20Report%20-%20RHT_230620_100850.pdf
Between the latest acquisition and April 1st, 2022, the CEO has spent $456,770.60 on shares. Most at market but there was one purchase of 200k share from Options at $1.12 a share (That was the April 1st 2022 purchase.) Other than that all other shares were bought in the market at prices between 0.48 and 0.55. (On the Canadian Exchange.)
Sorry for the late reply. I don't check IHUB often.
$RQHTF Insider and CEO Lisa Crossley has purchased another 40,000 shares in the market. This increases her holdings to 3,255,443 total shares.
RQHTF Announced contract with Large Health Provider with 3000 doctors. Contract is for 10,000 patients initially at $65 a month with potential for many more as the clients see the financial and outcome benefits to the service. Q3 financial report is out at the end of the month and the company will be cash positive. Priced nicely for some decent gains as the company crosses the inflection point of cash burn to cash positive. Long play could see 10x or more but should definitely be better than double by end of year.
Link to the News... https://www.stockwatch.com/News/Item/U-z8840109-U!RQHTF-20230516/U/RQHTF
This is a nice looking contract with some significant long term potential. 10K patients to start with a pool up to 1M. Have to assume 15-30% have chronic conditions that could be addressed. The revenue pool just keeps growing. Cash positive financial expected in a couple weeks and super strong year end in November. This is going to go way higher by end of the year IMO.
$RQHTF is looking good. Canadian chart looks like it is ready to break out. Less than 30 days to what should be the first of many cash positive Financial reports.
News last week is now on a pitch video, Link below.
http://www.investmentpitch.com/video/1_engwezr5/Reliq-Health-Technologies-enters-Arkansas-signs-5-contracts-in-4-states-adds-3000-patients-to-its-iUGO-platform-
$RQHTF Hearing some rumours that Reliq may have some yet unannounced promotion coming in the next little while. I don't normally post rumour but it did make me curious since it is related to $HCNWF. Seems unlikely to me as I don't think Reliq needs any promotion over the next few months to make significant gains but time will tell. Anyone else hearing anything? Webinar happening on Wednesday so I expect we will know by then. Good luck longs...
The rear view mirror.
As we all know, the value of any company is supposed to be the present value of all cash returnable to shareholders in the future. Some here and on the other board intimate or outrightly state that value can be determined by driving while looking in the rear view mirror; that is to say, that past results are the primary indicator of value.
IMHO, where a company has sufficient size, momentum and history, past results can be a very important indicator of future potential. For example, if you look at the biggest six Canadian banks, they've been doubling their dividends on average about every 10 years for the past two decades. Combine that with payout ratios of generally just less than 50% and a somewhat oligopolistic position, and that gives you a pretty good idea of what to expect in the future. Another example might be Canadian Tire (CTC.A), which has doubled its dividend on average about every 5 years over the last decade and a half, with a more modest payout ratio. And yet another example might be goeasy (GSY), whose dividend is over 10x what it was a decade ago, with a slightly lower payout ratio than Canadian Tire. Of course, there's lots more data available but, with the types of companies I've mentioned, you can learn a great deal - and project a great deal - by looking at some key historical information.
Having said that, you must always look to the future, even with those companies. For example, what effect will the transition to electric vehicles have on Canadian Tire over the long term. Some might think the effect will be minor, but that's the sort of thing that's worth considering.
Now, on to the small companies. Even for them, historical information is not unimportant. You might be able to garner insights into revenue growth, margins, expense control, receivables, cash needs, etc. That much is obvious, but these companies don't have enough history of operating at scale to be able to use historical information by itself to estimate future cash flow. Of greater importance is how quickly they might reach scale, what size that scale might be and what the financials might look like when they get there. Everyone gets to judge that for themselves, but to use historical data alone to value small companies or to compare them with large ones is IMHO not thinking clearly.
For Reliq, as we know, revenue - as constrained as it has been - is still growing strongly. Some would suggest that's all the company will get because that's all they've done historically. Guess again. Gross margin has increased from 4% in 2019, to 15% in 2020, to 59% in 2021, to 62% now. Some would tell you that the company's gross margin has topped out. I don't think so. Expenses have been well controlled. Pretty hard to be negative about that. Profitability is close. The company has showed intelligence in fundraising. There've been issues around adherence and collections. Some will say that the company will never work those issues out. Time will tell on that front, but IMHO this is all part of working out the kinks, and past information on that front tells you very little about what will happen in the future.
Until we can see some data showing progress toward resolution of the issues, there should be and probably will be a material credibility discount applied to the company's valuation. As pointed out by an astute poster over on ceo.ca, that big 16 March 2023 announcement (as well as a lots of other ones) are being "banked" by investors pending adherence and collections progress. That's a whole lot of pent up value that will hopefully get released in the near term. None of that is available by driving while looking in the rear view mirror.
My point isn't to suggest that the company is a wonderful risk free investment. My point is to suggest that people who tell you to judge small companies primarily through the lens of historical information aren't really giving you good advice.
Post credit to Invester22 on Stockhouse. Well said and worth sharing. $RQHTF
Some massive news today in Clayton Valley with Pure Energy ($PEMIF) announcing that they have received all the permits for the $SLB Neolith DLE pilot plant. For those who don't know the area, Sienna's Brine project sits in the middle of the deepest part of the Pure Energy brine deposit. Sienna also has the Silver Peak South Lithium Clay Project and the Blue Clay lithium project which the company will be focusing on in 2023. Today, March 28th, 2023 Sienna announced closing of the second tranche of their financing putting the company in the best financial position in company history with roughly 3M now in the treasury. With work coming and marketing planned SIE should be a buy at the current price. IMO. $SIE $SNNAF
Things keep looking better in the area of CRUZ's Solar project. Today American Battery Technology Company announced a massive peliminary resource estimate. The estimate only included inferred numbers and they used a limited number of holes but have reported. The announcement reports over 15M tons of LCE using an average PPM of 561. Cruz has reported PPM numbers averaging far greater on all holes to date and will be conducting multiple drill programs in 2023 and beyond.
Considerations: $ABML report is not a 43-101 Compliant report so take it with a grain of salt. American Lithium ( $AMLI ) whom Cruz borders has a resource estimate of 10M tons of LCE through Measured, Indicated, and Inferred on a 43-101 compliant report. Companies market caps are $550M and 600M respectively with Cruz trading at 14M Market cap.
Based on location and project, $BKTPF is very under valued.
Obviously a lot more to consider than just what I have put up but things are definitely looking good for CRUZ long term. IMO. I am not an advisor but I do have shares.
$BKTPF Cruz Intersects Targeted Potential Lithium Bearing Clays in Every Hole of Phase-3 Drill Program on the Solar Lithium Project in Nevada, Directly Bordering American Lithium Corp.
Frank Bain, the on-site PGeo and a director of Cruz Battery Metals, stated, "The four completed core drill holes all intersected potential lithium bearing clays with one hole intersecting more than 500 feet of green and black clays, shales and siltstone of the Siebert Formation. The Siebert Formation is the same host rock for the lithium mineralization found on the Solar Lithium Project and on American Lithium Corp.'s TLC discovery that is adjacent to Cruz Battery Metals."
The 'Solar Lithium Project' directly borders American Lithium Corp.'s TLC project. On December 1, 2022, American Lithium Corp. announced an updated resource estimate, prepared by Stantec Consulting Ltd., for the TLC lithium claystone property containing 8.83 million tonnes lithium carbonate equivalent (LCE) measured & indicated with another 1.86 million tonnes LCE inferred. Cruz Management cautions that past results or discoveries on properties in proximity to Cruz may not necessarily be indicative of the presence of mineralization on the Company's properties.
https://www.stockwatch.com/News/Item/Z-C!CRUZ-3369919/C/CRUZ
Lisa Crossley, Reliq Health Technologies CEO is buying again at market picking up 58,300 more shares. This brings her total to 3,215,443 total shares.
As legendary investor Peter Lynch once said: “Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise.”
And those insiders know more about their business, its recent operational trends, and its long-term prospects than anyone else in the world. So, if they think their stock price is going to rise, that is super-bullish for the stock.
Next financial report out in less than 2 weeks.
$BKTPF has been gaining in volume for a while now. Looks like today it may trade over 10M shares between US, Canada and Europe exchanges. With $AMLI being the neighbouring project I have high expectations for this on the drill program. Definitely need more eyes on this. Imagine how it will trade when they start their promotions.
$BKTPF Mobilizes Drill Rig for Solar Project Drill program. Now is the time to look at Cruz battery metals. Their project borders American Lithium in Nevada and has been successful in hitting lithium on every hole on their phase one and two programs last year. This year they are approved for 22 holes and is well financed with over 3 million in the bank. Marketing for the drill program is booked so now is the time to start a position for a trade. Last time they drilled we saw the share price more than triple. This is grass roots exploration work but when done they should be able to put together a resource calculation. AMLI announced over 8M tonnes of LCE on the TLC project. They have a MC over 650M right now. Cruz is at 10M. Huge upside here with some success. Anyway this is the start of the news flow so good short term trade for the news at minimum and probably decent on results too. IMO. Do your DD.
Time to buy $BKTPF.... Drillers have been mobilized which means we are about to take off. Lots of news flow from the company coming for most of the year now. Last drill program we saw this company triple in price and that was only 6 holes. Since then the price has pulled back nicely for another run. Company is will financed with over 3M in the bank and the neighbouring project $AMLI is on fire with a 665M market cap. Cruz sitting with only 10M at the start of developing the solar project has massive upside. As a long or a trade this should do well going forward.
$BKTPF is a buy now I believe. American Lithium just put out their PEA and it is really good. With the drill program expected to start any day now and some marketing booked, I don't think this will get any cheaper before they start work. Just how I see it but with the run on the first two Phases on the Solar project this well could triple in the next couple months IMO.
$BKTPF Cruz Battery Metals to start drill program on Solar Lithium Project any day now. Today their project neighbour $AMLI released their Preliminary Economic Assessment. The report is extremely promising and very positive in regards to the extraction of LCE from the lithium bearing clays. Cruz is about to start the first phase of a new 22 hole drill program on the Solar project which shares the deposit with the American Lithium TLC project. With some success, Cruz should take a significant run in value over the next 3 months as we start to see the work begin, marketing and hopefully some initial results (The company has a history of sending core out for assay every couple holes.). Company has 3.5m in the bank to drill and has had 6 successful cores on this project early in 2022. Do some DD on this one. Should be an easy double at the current price as it was 3x higher on the last program. With success, it could go much, much higher. Company is working towards a resource calculation which they expect to have enough date for a preliminary estimate when they finish the 2023 program. Property consists of around 8000 acres so the scale could be quite large. I have shares of both companies at this time. AMLI I expect to hold long term, Cruz I will trade along the way. At least until we see that resource calculation. GL.
$BKTPF Announces Driller for Solar Project. Harris Exploration Drilling and Associates Inc. are the same company that hit on all 6 previous holes on the project. The Solar Project borders American Lithium's TLC project which has a resource estimate of over 10 million tons of LCE in the ground. Harris was the last piece to be in place before the work begins. Stock price tripled last time they drilled. Worth a look again now.
https://ca.finance.yahoo.com/news/cruz-battery-metals-secures-drill-080100891.html
$BKTPF Ready to Break Out. 3.5M in treasury, Approved for 22 holes on project. Booked promotion announced, Near year lows.Project borders American Lithium's TLC project. Phase 1 and 2 drill holes all hit lithium. MC 10M, American Lithium over 600M Now American lithium is NASDAQ listed and a couple years ahead in development but Cruz Battery Metals should be able to do a resource estimate this year and with over 8000 acres to work on will provide a lot of news flow in the 1-12 month period. Easy trade for me. has everything I want. Company near lows, known catalysts coming soon, proven location and project. Take a look, do some DD.
$RQHTF CEO Lisa Crossley presented a webinar today, January 11, 2023.
For anyone who would like more information on the company I recommend checking it out on the companies website.
Link: https://www.reliqhealth.com/investors
The presentation addresses a lot of the key factors that have show the company to lag on their revenue targets and states clearly their solutions. It is worth your time IMO.
I am bullish on where this is going over the next year. Uplisting is still planned for second half of 2023, Share buy backs expected in second half of 2023. Planning monthly webinar updates going forward. I don't expect Reliq to be trading in the current range for long.
$RQHTF Reliq Health Technologies, Inc. Announces 34 New Acute and Long-Term Care Hospital Clients and Upcoming Shareholder Update Webinar
HAMILTON, Ontario, Jan. 06, 2023 (GLOBE NEWSWIRE) -- Reliq Health Technologies Inc. (TSXV:RHT or OTC:RQHTF or WKN:A2AJTB) (“Reliq” or the “Company”), a rapidly growing global healthcare technology company that develops innovative Virtual Care solutions for the multi-billion dollar Healthcare market, is pleased to announce that it has added 34 new acute and long-term care hospital clients to a previously disclosed contract with a large healthcare network in Florida. These new clients are expected to add over 20,000 patients per year to Reliq’s iUGO Care platform at an average revenue of $65 per patient per month. The Company also wishes to invite shareholders to attend a webinar on Wednesday, January 11, 2023 at 9:00am PST / 12:00pm EST, where the Company will provide an update on operations and discuss the outlook for 2023.
“The biggest risk to profit margins for acute and long term care hospitals is the potential for patient readmissions within the first 30 days after discharge,” said Dr. Lisa Crossley, CEO at Reliq Health Technologies, Inc. “The Centers for Medicare & Medicaid Services (CMS) assess financial penalties to hospitals under the Hospital Readmissions Reduction Program (HRRP) based on rates of readmission. In 2021, 96% of all hospitals in Florida received a financial penalty due to readmission rates (www.cms.gov). We have consistently demonstrated that patients who are monitored using our iUGO Care platform have better health outcomes and lower rates of hospital admissions and readmissions, which can significantly reduce or eliminate HRRP penalties for our clients. We are excited to be working with these hospitals which specialize in cardiac and orthopedic patients to help improve post-discharge outcomes for patients who have experienced cardiac events (acute myocardial infarction, heart failure), cardiac surgery (“bypass”) or orthopedic surgery (hip or knee replacement). We expect to add approximately 1,700 patients per month to our platform from these clients, or over 20,000 patients per year with revenues of $65 per patient per month at 75% gross margin.”
“We are also pleased to invite shareholders to attend a webinar on Wednesday, January 11th to discuss the outlook for 2023 and provide a detailed update on operations,” continued Dr. Crossley. “Log-in details for the webinar are provided below.”
Webinar Login Information:
Date: January 11, 2023
Time: 9:00am PST / 12:00pm EST
URL: www.reliqhealth.com/webinar
For those who are not able to attend the webinar, a recording will be available on the Company’s website (www.reliqhealth.com) shortly after the webinar concludes.
CEO Lisa Crossley purchased another 52,500 shares in the market today, January 3, 2023. This purchase brings her total spent buying at market over $80k. I know $RQHTF has been slow to show the sales expected but considering there is only one reason a CEO buys a company with after tax income, this has to be a buy. CEO now owns 3,157,143 Shares.
$SNNAF announced today they are acquiring the Silver Peak South Lithium Deposit in Clayton Valley, Nevada. This project is 1750 acres in the only valley in North America producing Lithium. Company is trading at multi year lows ATM and should move on some news flow. Should be a good trade over the next few months with three projects in Clayton Valley. Company has already announced work for the Blue Clay Lithium Project with approval for up to 4 holes on their recent lithium discovery. I would expect an announcement for work on the Silver Peak South to come after the deal is closed in a few days. Should be a very good year for the company and shareholders going forward. IMO. GL.
https://www.siennaresources.com/2022/12/sienna-to-acquire-the-silver-peak-south-lithium-project-in-clayton-valley-nevada/
$RQHTF Reliq Health Technologies CEO keeps buying stock...
Lisa Crossley again purchased shares in the market. She currently is holding over 3M shares and a substantial amount has been purchased using after tax dollars which is pretty rare as most acquire their shares from options or share grants. The last purchases made are as follows:
All purchases in Canadian funds.
22-12-14 - 33,900 @0.51
22-12-09 - 43,900 @0.48
22-09-22 - 16,500 @0.51
22-09-22 - 84,500 @0.52
22-09-22 - 170 @0.53
22-08-25 - 49,000 @0.52
22-08-13 - 45,000 @0.55
All at market.
This company is going to go higher. There is only one reason a CEO buys stock in their company. They know it is going higher.
$RQHTF Reliq Health Technologies CEO keeps buying stock...
Lisa Crossley again purchased shares in the market. She currently is holding over 3M shares and a substantial amount has been purchased using after tax dollars which is pretty rare as most acquire their shares from options or share grants. The last purchases made are as follows:
All purchases in Canadian funds.
22-12-14 - 33,900 @0.51
22-12-09 - 43,900 @0.48
22-09-22 - 16,500 @0.51
22-09-22 - 84,500 @0.52
22-09-22 - 170 @0.53
22-08-25 - 49,000 @0.52
22-08-13 - 45,000 @0.55
All at market.
This company is going to go higher. There is only one reason a CEO buys stock in their company. They know it is going higher.
$SPMTF, I called the company about a week ago and they confirmed that they have approval for up to 4 more holes on the McGee project in Clayton Valley by Cypress so that should go ahead in January or February I would guess. They wouldn't give a hard date due to drillers having other commitments but it sounded positive. They also have the Green Clay Project in the area to work on. Sounds like they are going all out on US Projects and Lithium so I think good things are coming. I have a fairly large position still so I will be looking to get some more as well now that it is pretty much bottomed. They always will take a call if you want first hand info. They tend to trade in a cycle though so I think if you can get shares around here it will do well over the next few months.
$SNNAF Announces New Lithium Project in Clayton Valley. Huge volume increase on the announcement on the Canadian Exchange ($SIE.v). Good volume on the Frankfurt exchange too. Trading near year lows, will definitely pick up as they work on their projects. Should double over the next 2 to 3 months or less. Decent trade at least. IMO
$RQHTF CEO is buying shares in the market again today. Only one reason a CEO buys their own stock. They know it is going up. Use this info as you will. (So far purchased 33,900 shares at 0.51 in the Canadian market under $RHT.v symbol as per the sedi filing.)
$BKTPF is sitting beside what looks to be the largest lithium clay deposit in North America. The updated resource calculation on the American Lithium TLC project by Tonopah Nevada is massive with over 12M tons of LCE and their deposit clearly overlaps the Solar lithium project. Cruz has only drilled 6 holes to date but had hit good numbers in every hole and has been approved for more than 20 more holes. The project is over 8000 Acres and this recent update from the neighbouring project bodes well for Cruz investors. American lithium is moving well over the last few days and Cruz when they start work will too. Trading near 12 month lows, this is a buy here as it will move on the work programs when they start. I have both $BKTPF and $LIACF and believe you should too. Both have multi-bag potential over the next few months. Now is the time IMO.
$RQHTF has announced today another massive contract to add an additional 42000 new patients from 35 new Skilled Nursing Facilities in Florida. This will add significantly to the total projected billable clients going forward at a time when Reliq is expected to start posting significant profits on continued quarterly growth. Company is a steal at the current price. IMO.
https://www.globenewswire.com/news-release/2022/12/06/2567953/0/en/Reliq-Health-Technologies-Inc-Announces-35-New-Skilled-Nursing-Facilities-Clients-in-Florida.html
$RQHTF announced this morning contracts for 42000 new patients per year at 35 Skilled nursing Facilities. Patients to be added to the service starting in 2023 adding 3500 patients a month. These contracts will generate between $60 and $65 per patient per month to Reliq's rapidly growing numbers which show significant growth Year over Year at a rate of 88% growth on the last financial. The company is poised to generate profit before the next financial and will be an attractive buyout target in 2023-2024. Do some DD and look at the growth potential yourself.
https://www.globenewswire.com/news-release/2022/12/06/2567953/0/en/Reliq-Health-Technologies-Inc-Announces-35-New-Skilled-Nursing-Facilities-Clients-in-Florida.html
$RQHTF announced this morning contracts for 42000 new patients per year at 35 Skilled nursing Facilities. Patients to be added to the service starting in 2023 adding 3500 patients a month. These contracts will generate between $60 and $65 per patient per month to Reliq's rapidly growing numbers which show significant growth Year over Year at a rate of 88% growth on the last financial. The company is poised to generate profit before the next financial and will be an attractive buyout target in 2023-2024. Do some DD and look at the growth potential yourself.
Bruce Campbell put Reliq Health Technologies as one of his top picks again today confirming that StoneCastle investments is back in $RHT.v $RQHTF. https://www.bnnbloomberg.ca/market-call/bruce-campbell-s-top-picks~2567896
At the same time the new short report came out and it shows the shorts significantly increased their position on the last run. Shorts now over 3.2M at a time when the next financial report is a week away. This is shaping up for a massive rally through now to 2024. Exponential growth from adding patients to the service and massive revenue growth. This is the set up we want to see.
Reliq is ready to launch.
$SNNAF has been very quiet for most of the year but now we have two work programs going ahead. News flow is what will move this so now seems to be the time to be in for a trade. Announced today, work program on the Marathon North Platinum and Palladium Project and last week teased the drill program on the Blue Clay Lithium Project in Clayton Valley Nevada. Looks like things are going in the right direction.