The Market at a Glance
S&P/TSX Composite Index rose to 14,754.06, or up 0.92{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} today. The big shakers were TSX gold, energy and material sectors.
S&P/TSX SmallCap Index returns today, breaking a seven day streak of decline.
Gold prices rose today, as crude oil saw a rally. “The move up in crude prices is giving gold the boost,” said Phil Streible, a senior commodity broker at R.J. O’Brien & Associates. A contrarian analysis of gold-market sentiment suggests however this may be a weak foundation.
- Published in Blog
Dundee Sustainable Technologies – Making big moves in South America
Dundee Sustainable Technologies (C:DST) is this relatively new company trading on the Canadian Securities Exchange. Over the course of it’s history this small cap company has developed several highly efficient and patented technologies, with efforts being put into licensing out their technologies in exchange for royalties.
On Oct. 31, 2014, Jose Louis Gioja issued a decree in San Juan in view of implementing DST’s proprietary cyanide-free technologies. San Juan Mining has committedto raising an estimated $100 million in order to set up a processing plant with a capacity of 200 tons of concentrate (6000 tons of ore) a day. In turn, DST would receive a 3{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Net Smelter Return (“NSR”) on all precious and base metals thus produced. This is a major step forward for DST – this will be the 3rd plant for processing, and the second country to endorse their technologies.
Argentina (among other countries) has had many issues in the past over cyanide heap extraction. With blanket issues over heap leaching and the effects that these tailing ponds have on the environment, several provinces have banned the use of cyanide in mining. Without a viable extraction method, many projects in Argentina have simply stagnated. This is where DST comes in, with their new chlorination method.
Chlorination extraction has several distinct advantages over traditional methods. With high yields (90{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce}+), low contact time (avg. Several hours vs. Several days) and lower capital costs of about 10-15{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce}, this method is economically competitive. The most distinctive aspect though, is in it’s tailings – It only leaves behind Salt and Potash. No mecury. No cyanide.
Between the plant being set up in January and this, DST is looking about a provisional $60 Million in revenue stream. Considering they have been trading since April, they have made some great strides. And just think – this is simply one technology.
We might be seeing the tipping point on Dundee Sustainable Technologies.
Upcoming Montreal Event – IIROC’s “Tips for Traders Montreal”
MomentumPR strives to provide you the best tools to tackle Canadian small caps today. In this investing environment, staying ahead of the curve is the only way to increase your portfolio. Need to brush up the latest compliance issues? Come check out Investment Industry Regulatory Organization of Canada (IIROC)’s “Tips for Traders Montreal”! Attending will also provide you with 1.5 hours of IIROC Continuing Education Compliance Credits.
The event will cover a variety of subjects, mostly in English. Some topics include
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electronic Trading Rules
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Overview
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TCC Observations
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Third-Party Electronic Access
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Odd-Lot Order Rulings
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Single-Stock Circuit Breakers
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Marketplace Thresholds
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Debt Reporting Update
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Best Execution
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Identification of Trading Groups
Day? Thursday, November 13, 2014
Time? 4:30-6:00pm
Where? Centre Mont-Royal, “Cartier 1”, 3rd Floor, 2200, rue Mansfield, Montreal
A Guide to the Canadian Securities Exchange
The Canadian Securities Exchange (CSE) was established in 2003 and is governed by CNSX Markets Incorporated. The CSE obtained stock exchange status in 2004, and was created to provide companies with a resourceful and contemporary alternative to access public capital markets in Canada. Furthermore, the CSE currently provides over 200 different structured IPs, and government bonds and equities, and continues to expand at an exponential rate in order to meet the discerning needs of its investors.
In addition, the CSE launched the first unremitting auction market in September, 2007. It was established for investors and companies who were looking to trade securities that were listed on alternative Canadian stock exchanges. Interestingly, the newly introduced auction market provides many benefits vis-à-vis other stock exchanges; including an inviting fee configuration; a low-latency environment for trading stocks, and a high capacity milieu that allows investors to use proprietary and state-of-the-art trading technologies that maximise ROI. As a result, the Canadian marketplaces’ competiveness on the worldwide marketing spectrum has risen exponentially. Moreover, it is important to note that CSE listed stocks and symbols on alternative Canadian exchanges have now been conglomerated since “Project One” was completed on December 2, 2013.
In sum, the CSE provides many benefits when compared to other stock exchanges. In addition to being an approved market maker system that boasts streamlined regulation and cost effective measures, the CSE is also a centralized auction marketplace than ensures augmented disclosure. For instance, if we were to compare the initial listing fees of the CSE to the TSX or TSX-V, one would notice that the fees incurred via the CSE are significantly lower than those of the aforementioned stock exchanges (e.g., $12,500 versus $40, 750 & $30,000). Arguably just as important, if not more so, is that the CSE does not use a transaction based modus operandi. In other words, the CSE charges a flat monthly fee of only $500, allowing investors to perform an unlimited amount of transactions at their discretion. In fact, investors can expect to spend only $18,000 worth of annual fees for listing on the CSE during the first year, followed by only $6,000 in annual fees in perpetuity afterwards. Interestingly, if one were to tabulate the initial, sustaining, and additional listing fees of the TSX-V-, TSX, and CSE, the clear advantage that the CSE provides becomes increasingly evident (e.g., $51,000/$58,950/$18,500). That is, CSE total fees are 65{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} lower than those of the TSX and 69{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} lower than the fees incurred by the TSX Venture. Ergo, the CSE is the quintessential choice for innovative companies that are looking to go public in Canada.
For more detailed information on the CSE please visit their official website.
Written by: Prakash Mylvaganam
- Published in Blog
Affinor to acquire Vancouver rooftop garden
Mr. Sebastien Plouffe reports
AFFINOR GROWERS RESCUES VANCOUVER ROOFTOP GARDEN
Affinor Growers Inc. has signed a letter of intent to acquire all the assets of 0993341 B.C. Ltd. related to the operation of the Vancouver rooftop growing facility, located at 523/535 Richards St., subject to due diligence. The intellectual property from this acquisition is very important to Affinor Growers, and will be useful in future development and production aspects.
North America’s first vertical-crop urban farming system closed operations and filed for bankruptcy after Alterrus Systems and Local Garden Vancouver failed to match their running costs. The vertical farm opened in November, 2012, in downtown Vancouver atop a parkade at 535 Richards St. According to Vancouver news sources, the 5,700-square-foot facility experienced a significant mechanical failure in late December, 2013, which impaired its ability to safely and effectively operate.
This acquisition will allow Affinor Growers to retrofit the facility and start growing strawberries immediately using the recently acquired Vertical Designs Ltd. technology. Affinor Growers will now be able to fast-track operations and demonstrate viability to the market, and add another profitable revenue stream.
This is also a great opportunity for the City of Vancouver to continue its vision of growing fresh urban food and replacing much of the imported produce that comes from 1,500 kilometres to 2,000 kilometres away. The Vancouver food strategy has a plan to create a just and sustainable food system for the city. It builds on years of food systems initiatives and grassroots community development, considering all aspects of the food system, from seed to table to compost heap and back again. Affinor Growers is excited to participate in Vancouver’s goal to become the greenest city by 2020.
Under the terms, Affinor Growers will pay a minimum of $250,000 in cash and the balance to $1.4-million in stock.
- Published in Medical Marijuana