Stockwatch Street Wires
- Diamond & Specialty Minerals Summary for Feb. 16, 2018
Five Star Diamonds has interim results from a small test of its M3 kimberlite in Brazil. Abe Resources, which is buying the Sirmac lithium project in Quebec, will become Vision Lithium this spring. Canada Rare Earth has closed its loan from Talaxis.
- Gold Summary for Feb. 16 2018
McEwen Mining has updated its feasibility study of the Gold Bar project in Nevada, where construction is under way. Brio Gold and Leagold Mining have a firm deal to merge. Midas Gold has updated its resource estimate for Stibnite in Idaho.
- Energy Summary for Feb. 16, 2018
Tourmaline Oil rises after boosting its liquids reserves. EnCana falls after releasing its 2018 guidance, but analysts still adore it. Frank Giustra appoints Latin American oil and gas men to his Pentanova Energy, as Serafino Iacono steps back.
- SEC fines shell factory group $2.1-million (U.S.)
The SEC has imposed $2.1-million (U.S.) in sanctions against a shell factory group. The regulator says that the group produced at least 15 shells with sham IPOs. These included one that became Robert Gardner's Olie Inc.
- Shell Summary for Feb. 16, 2018
Hugh Rogers and Toby Pierce plan to list a shell called Seashore Resource Partners. Haywood Securities will sell the shell's $210,000 to $400,000 IPO at 10 cents.
- Biocube defendant Garnick pleads not guilty
Biocube Inc. defendant Michael Garnick has pleaded not guilty. Prosecutors claim that he and others planned a pump-and-dump in which they would have touted the company as having a marijuana breathalyzer.
- Energy Summary for Feb. 15, 2018
Cenovus Energy falls after releasing its 2017 financials. Birchcliff Energy falls, too, after setting a final production target for 2018 that is lower than its preliminary production target.
- Diamond & Specialty Minerals Summary for Feb. 15, 2018
Peregrine Diamonds has increased its resource estimate for CH-6, a key Chidliak pipe on Baffin Island. Explorex Resources has an option to earn an interest in Kagoot, in New Brunswick, from Great Atlantic Resources.
- Gold Summary for Feb. 15, 2018
Marlin Gold Mining has received encouraging assays from its Six Mile Hill target, near its Pearce Lake deposit, in Arizona. Equinox Gold has new assays from its big Castle Mountain deposit in California. RT Minerals is acquiring Wawa South in Ontario.
- Shell Summary for Feb. 15, 2018
Martin Burian's first shell, Canvass Ventures, arranges a music software QT. Brian Bayley and Murray Sinclair plan to list their 24th shell, Norwick Capital, with a 15-cent IPO. Ron Schmeichel plans to list his 20th shell, Mira X Acquisition, with a 10-cent IPO.
- Engold, Eisler set for November court date
Engold Mines Ltd. and its former president, Irvin Eisler, are set to go to a full trial in a lawsuit over wrongful dismissal and fraud, after a judge's ruling on Tuesday.
- Diamond & Specialty Minerals Summary for Feb. 14, 2018
Mountain Province Diamonds had an encouraging first rough diamond sale of 2018. Namibia Rare Earths is acquiring several critical metals licences in Namibia. Idaho cobalt explorer, eCobalt Solutions, is raising $26-million for its big project.
- Energy Summary for Feb. 14, 2018
Surge Energy touts its reserves and its NAV per share. Blackbird Energy releases another pleasing well-test result. Yangarra Resources boosts its reserves to the applause of investors and analysts. PetroMaroc loses an insider, Dundee Corp.
- Shell Summary for Feb. 14, 2018
Marc Sontrop lists his second shell, Aim2 Ventures, with a $500,000 IPO at 10 cents. Scott Ackerman's Emprise Capital plans to list two shells, ECC Ventures 1 and ECC Ventures 2, each with a $200,000 IPO at 10 cents.
- Gold Summary for Feb. 14, 2018
Maple gold mines has updated its resource estimate for the Douay project in Quebec. Golden Star Resources has new high-grade assays from underground at Wassa, in Ghana. Alexandria Minerals has fired its CEO for cause; the CEO is continuing his bid for control of the company.
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