Prince of Pot Being Popped at Pearson En Route to Pot Festival Appears to Prompt Pot Stocks
Smoke and Mirrors in the Market:
Prince of Pot Being Popped at Pearson En Route to Pot Festival Appears to Prompt Pot Stocks
Marijuana stock prices went on something of a roller coaster ride last week. In Canada it looks as if a combination of factors drove down valuations. To begin with, two class action law suits were filed against licensed medical marijuana producers, Mettrum Ltd., and OrganiGram Inc. which may have driven down the market. The two companies shipped product that contained toxic pesticide residues.
Pot stock prices revived when Marc Emery’s Cannabis Culture “dispensaries” in Ottawa, Toronto, Hamilton and Vancouver were raided and The Prince or Pot himself, Marc Emery and his wife Jodie, presumably the Princess of Pot were arrested at Pearson International Airport as they were on their way to a marijuana festival in Spain.
The smart money has argued that pot stocks fell back because they had been oversold. Investors have been figuring in the profits that will flow when legalization takes place and the doors to a much wider market opened. Bill Blair, the former police chief who is Ottawa’s point man on legalization recently said that a marijuana legalization bill will be tabled this spring. He has also said that Ottawa will take its time to make sure they get it right. It now looks as if the elephant next door may have had more to do in driving Canadian marijuana stocks down than Mettrum and OrganiGram.
Trump’s new attorney general Jeff Sessions, well known for calling a white lawyer a race traitor for taking on a voting rights case, and as an anti-marijuana advocate, pronounced not once but twice last week, that he would enforce American federal marijuana laws in an appropriate way. This may open a rift between the states and the American federal governments because 29 states have legalized medical marijuana and 8 states have legalized recreational marijuana. Sessions has also been described as Donald J. Trump’s intellectual godfather.
Canadian marijuana stocks may have rebounded because Canadian producers have taken action to deal with the contamination issue. Mettrum and OrganiGram have both issued voluntary recalls. Their executive suites have also been reshuffled. The Cannabis Canada Association which includes almost every licensed medical marijuana producer has also voted for mandatory product testing.
At this point you may be asking yourself how is this going to affect companies like Tetra Bio Pharma (TBP:CSE) which is concentrating on scientifically developing and producing marijuana derived drugs for the treatment of chronic pain and other ailments. The simple answer is that this is a minor tempest in a minor teacup that won’t affect serious pharmaceutical companies. Companies like Tetra which are run by experienced research scientists with a history that includes bringing botanically derived drugs to market know that you can’t fudge the science. Tetra knows this well enough to be engaged in developing its own strain of marijuana to make sure that precise and scientifically measured doses will be delivered.
As for the marijuana companies listed on the TSX chances are that they will rebound as marijuana enthusiasts keep pushing the stock prices up. Remember, they have been waiting for this moment for 30 or 40 years.
As for the Emerys, they seem to be convinced that pot has already been legalized and simply not paid any attention to the numerous times the prime minister has said that until the marijuana laws are changed they remain in effect. We all know the market can be unpredictable but even so, it’s hard to believe the arrest of a well known gadfly, his wife and employees would drive up the price of what to all extents and purposes is an agricultural commodity. After all, people who break the law are arrested many times a day.
No, the recent Canadian arrests are more about market share and who gets to sell it rather than anything else. What the federal government has done is signal that it is not going to tolerate a wild west marijuana trade after legalization. In all probability the liberals will put in place a highly regulated sales environment to prevent criminal gangs from profiting.
Meanwhile, south of the border, American lawyers are advising their marijuana producing clients to remember to dot their i’s and cross their t’s. Just as Al Capone was finally sent to jail for income tax evasion they are suggesting that Sessions will launch his anti-marijuana jihad by prosecuting them for failing to meet labour standards, accounting standards or paying all their federal taxes. Sessions also has a history of playing fast and loose with the law. As a prosecutor in Arkansas he had a history of filing indictments against Democrats who had a chance to win against Republican candidates in local elections.
- Published in Blog, Medical Marijuana, Tetra Bio Pharma
Cobalt’s surge attracts string of market hopefuls
Cobalt’s surge attracts string of market hopefuls
Like moths drawn irresistibly to light, the surge in the price of cobalt over the past few months has sponsored a couple of quick sharemarket floats and a rush of explorers hoping to latch onto the latest signs of life among some of the more exotic metals.
Just as lithium has won a lot of speculative investor support on the back of the prospects of rising demand with increased battery usage thanks to electric cars, even though any demand from this source is a decade away, at the very least, now it is cobalt’s turn.
Also giving cobalt a lift was the criticism of Apple Computer for sourcing its supplies of the material from uncontrolled mines in Congo, along with security issues in parts of that country that have raised additional questions over the security of supply.
Apple has said it will tighten control over its purchases of cobalt to avoid both child labour and harsh working conditions, although it has also said it wants to avoid causing too much disruption to the miners who need the income from supplying the high-tech giant.
In the process, the price of cobalt has surged around 40 per cent over the past few months to more than $50,000 a tonne, with the speed of the rally catching may in the market by surprise.
So, for a material that has been mostly an unwanted byproduct of nickel or copper mines, with usually very little value, the surge in its price has raised the prospect that standalone cobalt mines could be developed if the price rise proves to be sustained.
Geoff Hill, long-time investment banker and corporate adviser, initially to John Spalvins who spun a tug boat operator in Adelaide to a sprawling conglomerate owning breweries and department stores last century, was quick out of the blocks, launching a $10 million raising for Cobalt Blue. It was issuing shares at 20¢ in February that are now trading at more than 30¢.
Ditto for Ardea Resources, which also issued shares last month at 20¢ which are trading at more than 50¢ a piece after a recent run to more than 90¢. It was spun out of Heron Resources, and it is already touting a pre-feasibility study on some cobalt-nickel acreage near Kalgoorlie, which it is calling the “largest resource in the developed world”.
A host of others have figured out that pegging cobalt acreage might just give their share price sufficient lift to justify a quick fund-raising so they can eke out another few months of life. Last Tuesday, it was Latin American Resources disclosing acreage in Argentina and later in the week Cohiba Minerals was updating the market on some acreage it is looking at.
“There are a lot of companies looking at the potential, with what they’ve got,” said Mike Millikan, analyst with Hartley, pointing to Independence Group with its Nova project. “At the moment there is a lot of interest but it is anyone’s guess how long it will last.”
Brian Robins
- Published in Blog, Cruz Cobalt, Mining
Waste to Energy Market Will Climb Throughout the Year $36.0 Billion Value by 2020
Waste to Energy Market Will Climb Throughout the Year $36 Billion Value by 2020
Waste to Energy (Thermal and Biological Technology) Market: Global Industry Perspective, Comprehensive Analysis, Size, Share, Growth, Segment, Trends and Forecast, 2014 – 2020
This press release was orginally distributed by SBWire
Deerfield Beach, FL — (SBWIRE) — 03/06/2017 — Zion Market Research has published a new report titled “Waste to Energy (Thermal and Biological Technology) Market: Global Industry Perspective, Comprehensive Analysis and Forecast, 2014 – 2020” According to the report, the global waste to energy market was valued at approximately USD 24.0 billion in 2014 and is expected to reach approximately USD 36.0 billion by 2020, growing at a CAGR of around over 7.5{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} between 2015 and 2020.
Request Sample Report: bit.ly/2dXuNuR
Waste to energy (WtE) is a waste treatment process that generates energy in the form of electricity, heat or fuels from both organic and inorganic wastes. Advanced waste to energy technologies can be used to produce biogas, syngas, and liquid biofuels. These fuels can then be converted into electricity. Waste feedstock includes agricultural waste, municipal solid waste and industrial waste. Energy can be recovered from waste by various technologies such as biological and thermal technology. Biological and thermal technologies used to convert waste matter into different forms of fuel that can be used to supply energy.
Based on technology, the global waste to energy market has been segmented into thermal and biological. Thermal technology was the dominant segment in 2014 due to widely used form of energy generation through waste matters. Biological technologies are used for anaerobic digestion of solid waste to produce energy which is biodegradable content and hence are mostly preferred by farmers. This segment is anticipated to witness fastest growth over the forecast period in emerging economies such as Japan and China.
Browse the full “Waste to Energy (Thermal and Biological Technology) Market: Global Industry Perspective, Comprehensive Analysis, Size, Share, Growth, Segment, Trends and Forecast, 2014 – 2020” report at www.marketresearchstore.com/report/waste-to-energy-market…
Europe dominated the global waste to energy market with over 45.0{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} share in total revenue generated in 2014. Europe closely followed by Asia Pacific. However, with increased advance technology penetration in Japan and China, Asia Pacific is expected to witness robust growth during 2015 to 2020. Latin America and Middle East & Africa are also expected to experience significant growth of waste to energy market in the years to come.
Some of the key players in Waste to energy market Foster Wheeler A.G., C&G Environmental Protection Holdings Ltd., Veolia Environment, Suez Environment S.A., KEPPEL SEGHERS, Babcock & Wilcox Co., Xcel Energy, Covanta Energy Corporation, Constructions industrielles de la Mediterranee (CNIM), China Everbright, International Limited and Waste Management Inc.
Do Inquiry before buying: bit.ly/2epAbX6
This report segments the global waste to energy market as follows:
Global Waste to Energy Market: Technology Segment Analysis
Thermal
Biological
Global Waste to Energy Market: Regional Segment Analysis
North America
U.S.
Europe
UK
France
Germany
Asia Pacific
China
Japan
India
Latin America
Brazil
Middle East and Africa
About Zion Research
Zion Research is a market intelligence company providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Zion Research experienced team of Analysts, Researchers, and Consultants uses proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.
Each Zion Research syndicated research report covers a different sector — such as pharmaceuticals, chemical, energy, food and beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, our syndicated reports strive to serve the overall research requirement of clients.
Contact US:
Joel John
3422 SW 15 Street,Suit #8138
Deerfield Beach,Florida 33442
United States
Toll Free: +1-855-465-4651 (USA-CANADA)
Tel: +1-386-310-3803
Email: sales@marketresearchstore.com
Website: http://www.marketresearchstore.com
For more information on this press release visit: http://www.sbwire.com/press-releases/waste-to-energy-market-360-billion-value-will-climb-throughout-the-year-by-2020-778092.htm
Media Relations Contact
Joel John
Corporate Sales Specialist
Market Research Store
Telephone: 386-310-3803
Email: Click to Email Joel John
Web: http://www.marketresearchstore.com/report/waste-to-energy-market-z47278
Read more: http://www.digitaljournal.com/pr/3259321#ixzz4bM3jLpuk
- Published in Blog, Energy, Green Technology, International Wastewater Systems, News Home, Technology
AtmanCo Inc (ATW.V) Pushes Higher Into Potential Pullback Range
AtmanCo Inc (ATW.V) Pushes Higher Into Potential Pullback Range
Checking on current RSI levels on shares of AtmanCo Inc (ATW.V), the 14-day RSI is currently standing at 71.39, pushing the stock into overbought territory. RSI is a momentum oscillator that moves in a range from 0 to 100. RSI is generally used to interpret whether a stock is overbought or oversold. With AtmanCo Inc’s RSI above 70, traders should be wary of a potential pullback. Looking a bit closer at other RSI timeframes we can see the 7-day RSI is at 78.70 and the 3-day is at 89.11.
Fundamental Data
Now we’ll take a look at how the fundamentals are stacking up for AtmanCo Inc (ATW.V). Fundamental analysis takes into consideration market, industry and stock conditions to help determine if the shares are correctly valued. AtmanCo Inc currently has a yearly EPS of -0.02. This number is derived from the total net income divided by shares outstanding. In other words, EPS reveals how profitable a company is on a share owner basis.
Another ratio we can look at is the Return on Invested Capital or more commonly referred to as ROIC. AtmanCo Inc (ATW.V) has a current ROIC of -144.98. ROIC is calculated by dividing Net Income – Dividends by Total Capital Invested.
Similar to ROE, ROIC measures how effectively company management is using invested capital to generate company income. A high ROIC number typically reflects positively on company management while a low number typically reflects the opposite.
Another key indicator that can help investors determine if a stock might be a quality investment is the Return on Equity or ROE. AtmanCo Inc (ATW.V) currently has Return on Equity of -144.98. ROE is a ratio that measures profits generated from the investments received from shareholders.
In other words, the ratio reveals how effective the firm is at turning shareholder investment into company profits. A company with high ROE typically reflects well on management and how well a company is run at a high level. A firm with a lower ROE might encourage potential investors to dig further to see why profits aren’t being generated from shareholder money.
Turning to Return on Assets or ROA, AtmanCo Inc (ATW.V) has a current ROA of -67.10. This is a profitability ratio that measures net income generated from total company assets during a given period. This ratio reveals how quick a company can turn it’s assets into profits. In other words, the ratio provides insight into the profitability of a firm’s assets. The ratio is calculated by dividing total net income by the average total assets.
A higher ROA compared to peers in the same industry, would suggest that company management is able to effectively generate profits from their assets. Similar to the other ratios, a lower number might raise red flags about management’s ability when compared to other companies in a similar sector.
Source (Dasher Business Review)
- Published in Atmanco, Blog, News Home, Technology
Rising Popularity of Anti-Wrinkle Products Fuels Asia, Europe, and South America Anti-Aging Market
Rising Popularity of Anti-Wrinkle Products Fuels Asia, Europe, and South America Anti-Aging Market
This press release was orginally distributed by SBWire
Albany, NY — (SBWIRE) — 02/13/2017 — A new Transparency Market Research report states that the Asia, Europe, and South America anti-aging market was valued at US$15.3 bn in 2012 and is predicted to reach US$30.9 bn in 2020. It is expected to expand at a CAGR of 9.30{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} from 2014 to 2020. The title of the report is “Asia, Europe, and South America Anti-aging Market – Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 – 2020”.
Obtain the Sample Report of Asia, Europe, and South America Anti-Aging Market at: http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=5021
As per the report, the anti-aging market in Asia, Europe, and South America is majorly fuelled by the increasing number of baby boomers, thus increasing the demand for various methods of curbing and reversing the prominent signs of aging. The market is continuously growing and a number of products, devices, and services have entered the market in recent years due to the consistent demand to lessen the signs of aging. Amongst these, in 2013, the anti-aging products held the biggest share in the anti-aging market due to increasing awareness amongst people and the economical prices of these products.
On the basis of product type, the market is segmented into dermal fillers, UV absorbers, botox, anti-stretch products, anti-wrinkle products, and hair color. Amongst these, in 2013, anti-wrinkle products held the biggest share in the anti-aging products market in Asia. The anti-wrinkle product segment stood at more than US$8.1 bn in Asia in 2013. This is due to the broad range of anti-wrinkle products available in the market and the rising awareness owing to a number of promotional campaigns held in Asia. Anti-wrinkle products also held the largest share in Europe in the same year. The demand for these products is high in European countries owing to their increasing availability at economical prices.
On the basis of service, the market is segmented into anti-adult acne therapy, anti-pigmentation therapy, liposuction, chemical peel, abdominoplasty, hair restoration therapy, sclerotherapy, and eyelid surgery. The anti-aging services market is expanding swiftly in Europe on account of the rising disposable income of consumers owing to ongoing recovery from the economic crisis in Europe. Within Europe, the anti-aging services market in Italy held the biggest share in 2013 owing to increasing demand for hair restoration treatments and breast augmentation. The anti-aging services market is predicted to record the highest growth rate in Spain in the forecast horizon due to the rising aging population and the increasing prevalence of obesity.
Read the Current Market Analysis of Asia, Europe, and South America Anti-aging at: http://www.transparencymarketresearch.com/asia-europe-south-america-anti-aging-market.html
On the basis of device type, the market is segmented into microdermabrasion devices, anti-cellulite treatment devices, radio frequency devices, and laser aesthetic devices. Anti-aging devices are the most prevalent in South American countries. Radiofrequency devices and laser aesthetic devices held the biggest share in South America, especially in Brazil, due to their high effectiveness and safety.Alma Laser Ltd., Allergan, Inc., Beiersdorf AG, Cynosure, Inc., Coty, Inc., L’Oreal SA, Valeant Pharmaceutical International, Inc., Solta Medical, Inc., and PhotoMedex, Inc., among others, are the major players dominant in the market.
About TMR
Transparency Market Research (TMR) is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather and analyze information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
For more information on this press release visit: http://www.sbwire.com/press-releases/asia-europe-and-south/release-770146.htm
Media Relations Contact
Rohit Bhisey
Head
Email: Click to Email Rohit Bhisey
Web: http://www.transparencymarketresearch.com/asia-europe-south-america-anti-aging-market.html
Read more: http://www.digitaljournal.com/pr/3234223#ixzz4bMEMlRjj
- Published in Blog, Life Sciences, News Home, Sirona Biochem
Industrial Demand Will Support Silver ETFs
Industrial Demand Will Support Silver ETFs
Even if safe-haven demand for hard assets abates, silver exchange traded funds could continue to find support out of the industrial sector as the precious metal is a major component in many manufactured products.
For instance, silver used in the photovoltaic panel industry is growing and could reach record levels in 2018, Maxwell Gold, Director of Investment Strategy for ETF Securities, said in a note.
“Silver’s unique reflective and conductive properties make it a key component in capturing and generating electricity through sunlight,” Gold said. “The fastest growing industrial segment for silver has been its use in photovoltaic (PV) panels for solar energy. This has resulting in demand for solar PV usage becoming a key component for the silver market.”
As the solar panel industry expands, silver will also enjoy greater industrial demand. Global solar photovoltaic annual installed capacity is expected to hit 112 gigawatts by 2021, with cumulative increase in solar electricity capacity of 506 gigawatts over the next five years, according to GTM Research.
“This should boost silver demand which uses about 2/3 ounce of metal per PV panel,” Gold said.
While some observers may be worried about policy and tax incentives under President Donald Trump’s administration’s America First Energy Plan, which lacks any mention of renewable energy, the ongoing improvements in technology and rising economies of scale could continue to support the solar industry, along with silver demand.
The solar segment is not limited to the U.S. either as the international community has increasingly turned greener. Many overseas economies are adapting solar panels and other renewable energy sources to reduce emissions in an attempt to combat global warming pressures. For instance, China, the leader in solar energy, continues to expand clean energy initiatives with photovoltaic capacity.
“A combination of higher inflation, a weakening US dollar (in first half of year) and improving manufacturing growth is likely to see silver prices trade in the $20-22/ounce range in 2017,” Gold projected.
Comex silver futures are currently trading around $18.18 per ounce, with the ETFS Physical Silver Shares (NYSEArca: SIVR) up 13.2{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} year-to-date.
Max Chen
- Published in Blog, Klondike Silver Corp., Mining
Visa expands QR code mobile payments to more countries
Visa expands QR code mobile payments to more countries
Visa has announced that mVisa, its QR-based payment service, is now live in India, Kenya and Rwanda, and will soon be available to merchants and consumers in Egypt, Ghana, Indonesia, Kazakhstan, Nigeria, Pakistan and Vietnam, according to a press release.
“Customers have told us they appreciate how fast and easy it is to use mVisa,” Uttam Nayak, senior vice president of digital for emerging markets at Visa, said in a statement. “Small merchants using mVisa for the first time are most excited about how quickly and securely they receive electronic payments without having to invest into expensive point-of-sale infrastructure.”
Visa first tested mVisa in India two years ago.
- Published in Blog, Financial Technology, Mobi724 Global Solutions, Mobile Technology, News Home, Technology
Cobalt gets ready to shine from Tesla, Apple, Samsung demand
Cobalt gets ready to shine from Tesla, Apple, Samsung demand
The lesser known mineral component of batteries, cobalt, is gearing up to have its year in the sun, with hedge funds stockpiling the commodity in preparation for the “Tesla boost”, ethical dilemmas tainting existing supply and miners exploring the developed world.
Prices for the mineral are starting to see a conspicuous recovery; low-grade cobalt was at a high of $US16.50 ($21.84) a pound on the spot market on Thursday, up more than 80 per cent from lows in December 2015, according to Bloomberg data.
“If last year was lithium’s time, for 2017 its battery peer cobalt may be the one receiving more attention,” a Macquarie analysts wrote in a recent note to clients.
“Prices have accelerated to levels last seen in 2011, and with demand from the core portable electronics sector recovering and supply growth relatively stagnant, this can be fundamentally justified.”
The hard, grey mineral has piqued interest in recent years for its potential widespread use in smartphones and the lithium-ion batteries used in Tesla vehicles. As an efficient electrode, cobalt can help store power for longer.
Analysts expect the likes of General Motors and Volkswagon, in addition to smartphone makers Apple and Samsung, to soon crank up demand as they experiment with their own electric cars.
According to commodity researcher CRU Group, this is set to boost demand for the nickel byproduct on average by 16 per cent annually through to 2022.
The supply issue
Cobalt is particularly contentious, however, given it is largely mined in the strife-riddled region of the Democratic Republic of the Congo. According to an Amnesty International report released last year, a fifth of the DRC’s cobalt is derived from small-scale operations that rely on child labour.
China is the main refiner of cobalt, buying up the commodity from both ethical and conflict zones, refining it and then on-selling it to the likes of Apple, Samsung and Tesla.
“The problem is it all gets mixed together, so you don’t really have an option to buy clean cobalt,” said Matthew Langsford, portfolio manager of the natural resources fund at Terra Capital.
At this year’s African Mining Indaba, which finished up last week in Cape Town, cobalt sprung up at numerous booths, with companies turning their exploration sights towards the commodity which is usually found as a byproduct of nickel.
However, investors seem to be leaning towards more transparent sources of cobalt.
“It’s a chilling fact for a lot of people that the smartphone in the pocket probably contains cobalt produced through child labour,” Edward Lauer, head of portfolio optimisation at Eurasian Resources Group, told a panel during the conference.
“It’s a complex supply chain and a challenging issue; thankfully, a lot of groups are bringing various stakeholders together.”
Opportunists
Investors could once get exposure to cobalt through nickel and copper shares, but there are more companies popping up exploring in developed countries.
ASX-listed Clean TeQ, backed by Regal Funds Management, has a scandium deposit in central New South Wales, with high-grade nickel and cobalt features. Billionaire Canadian investor Robert Friedman has taken an almost 20 per cent slab of the company’s stock and is a vocal proponent of the cobalt story.
Another high-profile investor, Paul Matysek, recently joined the board of Equator Resources and is in the process of renaming the company Cobalt One. The microcap stock hopes to exploit Mr Matysek’s track record of finding difficult deposits and is in the process of raising capital.
“These kinds of companies are looking to add to the cobalt supply from developed countries which will take some of the pressure out of the DRC,” says Mr Langford. “While the deposits there are so rich it’s unlikely cobalt will stop coming out of there, these other plays give investors more options.”
But there are also other methods of gaining cobalt exposure. In readiness for this spike in demand, some fund managers have begun to stock pile the commodity in preparation for the price hike.
“By buying physical stock, you actually own the metal that’s going into the batteries,” Anthony Milewski, a managing director at Pala Investments, told Bloomberg recently. “It’s a much more attractive option, and we’re not the only fund out there doing this.”
But getting one’s hands on the commodity is not easy. About 100,000 metric tons is produced annually, though 65 per cent of refined supply comes in a non-metal form, like the chemicals used in jet engines, drilling tools, pigments and smartphones.
As such, only around 35,000 tonnes comes in metal form, worth around $US550 million ($713 million).
Traders haven’t had it much easier, struggling with the lack of liquidity in markets like the London Metals Exchange.
Before November last year, the average volume was just 24 contracts a day; by comparison, copper trades around 140,000 contracts a day. But increased market attention has seen these contracts jump to an average of 162 a day, with some sessions reaching 600.
By Jessica Sier
- Published in Blog, Cruz Cobalt, Mining
As cobalt prices soar, King’s Bay expands prospects with Newfoundland acquisition
As cobalt prices soar, King’s Bay expands prospects with Newfoundland acquisition
by Greg Klein | February 16, 2017
A name and a commodity that are both objects of feverish attention seem to meet up in Newfoundland, where King’s Bay Gold TSXV:KBG has acquired the Trump Island copper-cobalt property. A 100{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} option announced February 16 expands the company’s cobalt prospects in Newfoundland, Labrador and Quebec.
Back in 1863 a Cornish miner sunk a six-metre shaft to follow a zone of massive chalcopyrite. He reportedly sent a shipment of high-grade copper-cobalt ore to Wales.
Grab samples collected nearby in 1999 brought historic, non-43-101 results up to 3.8{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} copper, 0.3{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} cobalt, 2.9 g/t gold and 10.9 g/t silver.
The initial King’s Bay agenda would call for additional sampling, along with mapping and a local-scale electromagnetic survey on the 200-hectare property. Successful results could bring a summer drill campaign.
Subject to approvals, King’s Bay gets Trump Island for 200,000 shares at a deemed value of $0.195 and a 2{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} NSR.
The boat-accessible property sits seven kilometres south of Twillingate, a town immortalized in Newfoundland’s unofficial national anthem.
In Labrador, meanwhile, King’s Bay has airborne EM planned for its Lynx Lake copper-cobalt project, where grab samples have shown non-43-101 results up to 1.39{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} copper, 0.94{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} cobalt and 0.21{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} nickel, as well as chromium, molybdenum and vanadium values. Last month the company expanded Lynx Lake from about 2,000 hectares to approximately 24,000 hectares.
Earlier this month King’s Bay picked up three cobalt projects in Quebec. The company closed a $938,752 private placement in January.
The acquisitions come as cobalt prices continue their meteoric rise, hitting six-year highs up to $20 a pound, reported MetalBulletin.com. That represents an approximately 50{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} increase since September, according to Reuters. Stating that many traders are hoarding the metal, Reuters predicted a supply deficit this year “exacerbated by an insecure supply chain. Almost 60{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of the world’s cobalt lies in politically risky Democratic Republic of Congo.”
- Published in Blog, King's Bay, Mining
MOBI724 Global Solutions (CSE: MOS) Invites Current and Future Investors to a Webinar for a Material Management Update
MOBI724 Global Solutions (CSE: MOS) Invites Current and Future Investors to a Webinar for a Material Management Update
– Momentum Public Relations –
Press Releases: February 16th, 2017
MOBI724 Global Solutions Inc. (“MOBI724” or the “Company”) (CSE: MOS), a FinTech leader offering integrated EMV payment, Card-Linked Offers and Digital Marketing, hereby invites its current shareholders as well as the public to assist a webinar presided by Marcel Vienneau, CEO of MOBI724 to provide a material management update and to answer questions. In compliance with Canadian Securities Regulations, the Company advises that management has requested, on a voluntary basis, that the trading on the MOBI724 shares be halted temporarily due to the dissemination of material news and the presentation the management update webinar.
Interested parties may log in at the following web address:
https://attendee.gotowebinar.com/register/1317098762580805634
Please register for Management update on Feb 16, 2017 1:00 PM EST
After registering, you will receive a confirmation email containing information about joining the webinar.
Brought to you by GoToWebinar®
Webinars Made Easy®
About MOBI724 Global Solutions
Headquartered in Montreal, Canada, MOBI724 Global Solutions Inc. (CSE: MOS), a leader in the FinTech industry, offers a unique and fully integrated suite of Card-Link Offers, Digital Marketing and EMV Payment solutions.
MOBI724 is innovating the market with a combined EMV payment, Card-Linked Offers and Digital Marketing Platform that works on any payment card and any mobile device. MOBI724 pioneered the addition of intelligence to all types of transactions benefiting banks, retailers and cardholders. MOBI724 succeeds in leveraging all available user and purchasing data to increase transaction volumes and spend.
MOBI724 provides a turnkey solution to clients to capture payment card transactions on any mobile device, at any POS or from any payment card. Our easy-to-adapt gateway switch is designed for simple integration with all payment protocols.
Within the same suite, MOBI724 combined its Card-Linked Offers solution and provided payment card issuers, banks and retailers with the ability to add offers and/or coupons, which can be redeemed directly at the POS in a seamless user experience for all the parties in the ecosystem
MOBI724 provides its customers with full and comprehensive traceability and enriched consumer data through its offering. Its solutions enable card associations, payment card issuers, banks and retailers to create, manage, deliver and “track and measure” incentive campaigns worldwide to any payment card, to any mobile device and allow redemption at any POS.
MOBI724 ’s credit and debit EMV payment solutions allow banks to process end-to-end EMV transactions, focusing on authentication, PCI security and quick merchant adoption, which allows to process payments with a wide range of devices.
MOBI724 Global Solutions unleashes the true potential of both Card-Link Offers and smart payment transactions.
For more information, visit www.mobi724globalsolutions.com or call Marcel Vienneau at 1-514-394-5200 x 413.
- Published in Blog, Financial Technology, Mobi724 Global Solutions, Mobile Technology, News Home, Technology