Thursday, 31 March, 2011

Solid Resources Adds Mining Veteran to Advisory Board

Solid Resources (SRW - TSX.V)
Shares Outstanding - 79.37 million
Fully Diluted - 137.42 million
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It was announced today that David Henstridge, P. Geol. has been appointed to Solid Resources’ Advisory Board.

Mr. Henstridge has over 37 years experience in the mining industry including 20 years in management positions in various publicly listed companies. Greg Pendura, President & CEO of Solid believes that Mr. Henstridge and his extensive experience in mining and business in various countries around the world, including Spain and Peru will “prove to be extremely valuable.”

To view the full news release, please click here

Pure Nickel's Partner a Month Away From Decision on MAN Alaska

Pure Nickel (TSX: NIC)
(OTCBB: PNCKF)

Basic Shares: 67.8 million
Fully Diluted: 75.5 million
-----------------------------------

Pure Nickel shared news today that its partner ITOCHU will make its formal decision to continue vesting into the company's MAN project in Alaska within a month.

Pure Nickel and its partner ITOCHU, which have spent $14 million on the property since 2008 to earn 30%, have been exploring MAN to find a large nickel deposit. After detailed analysis of over 3,400 core samples the companies now realize that MAN hosts a stratiform Platinum Group Element (PGE) "horizon" along with high grade nickel-copper massive sulphide.

Acasti Listed on the TSX Venture Exchange

Neptune Technologies & Bioressources (NTB - TSX V) (NEPT - NASDAQ)
Basic Shares: 42.0 million
Fully diluted: 45.48 million ********************************************************
The day is finally here when Neptune subsidiary, Acasti Pharma, left its corporate roost to find its own way in the markets with a listing today (March 31st) on the Toronto Stock Exchange Venture Index.

And the first trade of the day rang in at $0.51 but it quickly moved above $0.60. Trading under the symbol, APO, it will open with 64.4 million shares outstanding. Just before that 1st trade, Acasti President, Dr. Tina Sampalis, CFO, Xavier Harland, and COO, Dr. Pierre Lemieux, hosted a conference call that was open to anyone and was announced the night before. Nearly 50 took part in the open-mike call and these critical points were discussed:


  • Acasti has $2.9 million in the bank and final Health Canada clearance to begin the phase 11 clinical trial of Acasti's prescription drug candidate - CaPre - is expected soon, Dr. Sampalis said. Indeed, two of three parts of the clinical trial application have been completed and the regulators questions on the third and final phase have been quickly dealt with;

  • A rights offering that could bring in up to $5.8 million into the fledgling public company is planned at a minimal price of $0.60 per share;

  • Marketing of Acasti's medical food, Onemia, to U.S. doctors and health professionals has gone well. Onemia is aimed directly at the gold standard for Omega -3 capsules - Lovaza - which enjoys estimated sales of $1 billion per year. Acasti COO, Dr. Lemieux, conservatively predicted Onemia sales revenues of up to $2 million in the next 24 months. But he added: "I hope we will make more than that ..." Onemia is a highly refined derivative of Neptune's Krill Oil and is mainly targeted to lower high triglyceride levels;

  • Off topic, Dr. Sampalis told one questioner that the results of clinical trials conducted by Nestle and Yoplait are completed. Results are not yet available, but they are expected before the end of the year. Acasti's mother corporation, Neptune, holds ultimate responsibility for the relationships with Nestle and Yoplait. Dr. Sampalis said only Nestle and Yoplait can release the indication of interest;

  • A clinical research firm owned by the brother of Acasti President, Dr. Tina Sampalis, will conduct the human clinical trials for Acasti's drug candidate. Acasti's board picked JSS Medical Research, which is owned and managed by Dr. John Sampalis, because it has an excellent reputation and it provided the lowest bid during a thorough due diligence process with a number of other clinical research firms. The Acasti board also appointed SNC Lavalin Pharma to act as independent auditors to supervise the clinical trial with special emphasis on the trial achievements, milestones and payments.

To view the full Acasti news release, please click here.

Wednesday, 30 March, 2011

More Copper at Tower for Pure Nickel

Pure Nickel (TSX: NIC)(OTCBB: PNCKF)
Basic Shares: 67.8 million
Fully Diluted: 75.5 million
-------------------------------




Please double click on the image to enlarge

Pure Nickel's Tower property in which Rockcliff Resources (TSX-V: RCR) can earn up to 70%, continues to intersect high grade VMS (copper-gold-zinc-silver) mineralization at the Tower Property located in central Manitoba.

Assay results were announced today on holes 11-13 of a 24 hole planned drill program where the mineralized zone is open in all directions. Highlights are as follows:

• 3.4% copper, 0.3g/t gold, 0.5% zinc, 14.2g/t silver across 2.1m including 4.7% copper, 0.3g/t gold, 0.7% zinc, 19.7g/t silver across 1.5m (Hole 11);
• 4.6% copper, 1.2g/t gold, 1.2% zinc, 22.0g/t silver across 2.9m including 7.5% copper, 2.1g/t gold, 1.9% zinc, 35.9g/t silver across 1.6m (Hole 12);
• 4.0% copper, 0.3g/t gold, 0.8% zinc, 15.3g/t silver across 3.3m including 5.2% copper, 0.4g/t gold, 1.1% zinc, 20.1g/t silver across 2.5m (Hole 13)

Drilling is expected to be completed within the next two months.

To view the full news release, please click here.............

Silvore Fox Fills the Till - $2 Million

Silvore Fox Minerals (SFX - TSX.V)

Shares Outstanding: 140.17 million

Fully Diluted: 149.5 million

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It was announced today that Silvore Fox Minerals closed a non-brokered private placement for gross proceeds of $2 million. It took Silvore Fox less than one month to fully subscribe this financing. In total 22,222,222 units were issued each consisting of one common share and one-half of one common share purchase warrant.

Each warrant entitles the holder to purchase an additional common share of the corporation at a price of 12 cents per share during the first 12 months from the date of issuance of the warrant and at a price of 15 cents per share during the second 12 months. Silvore Fox’s strategic Chinese partner, Beijing Donia Resources Co. participated as well picking up approximately 42% ($829,250) of the financing.

The net proceeds of the private placement will be used to finance Silvore Fox's acquisition and exploration activities and to provide general working capital.

To view the full news release, please click here

Tuesday, 29 March, 2011

Watch Solid’s CEO Present at Rare Metals Investment Summit

Solid Resources (SRW - TSX.V)

Shares Outstanding - 79.37 million

Fully Diluted - 137.42 million

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On Thursday, March 17, 2011, Greg Pendura, President & CEO of Solid Resources presented at Objective Capital’s “Rare Earths, Speciality & Strategic Metals Investment Summit.” This investor conference is held in London England every year and speakers at this event include some of the top Rare Earth and Rare Metals experts in the world.


Here are some highlights from Mr. Pendura’s presentation:

- Spanish property to produce – Tin, Tantalum, Niobium, Lithium, Cesium and Rubidium.
- Three quarters through 3,500 metre drill program, which began in January.
- Bulk of assays will be finished in about 60 days.
- Objective of drill program is to confirm grades from 2003 and 2005, and get an idea on tonnage, so we can do a reserve report this summer.

To view the 10 minute presentation, please click here

Thursday, 24 March, 2011

Neptune/Acasti at Major American Heart Conference

Neptune Technologies & Bioressources
NTB - TSX V) (NEPT - NASDAQ)
Basic Shares: 42.0 million
Fully diluted: 45.48 million



***********************************

Executives from both Neptune Technologies and its subsidiary, Acasti Pharma, will be presenting at an American Heart Association conference in Atlanta, Georgia today and tomorrow.

Neptune and Acasti will present clinical evidence on the superior absorption of Neptune Krill Oil compared to other competitive products.

Acasti will also present evidence about the effectiveness and safety of its lead krill oil product, CaPre™.
The Dallas-based, American Heart Association (AHA), is one of the most influential, non-profit, medical groups in the United States. Of 100 large national charities, it has been ranked as the fifth (5th) most popular in America.
Dr. Pierre Lemieux, COO of Acasti said:
"In this important AHA session about prevention and nutrition, we will raise awareness on the low daily recommended dose of CaPre™ which will substantially help increase compliance and avoid side effects, contrary to established prescriptions and nutraceutical omega-3s."

To read the full news release, please click here.

IWG Remoulds Itself For Growth


International Water-Guard (TSX-V: IWG)
Basic Shares: 38.1 million
Fully Diluted: 45.6million


************************************
International Water Guard (IWG) announced today that it will be applying to restructure itself.

When investors read announcements like this, suspicions are always raised.

However, management unequivocally stated that restructuring is being proposed in order to facilitate strategic growth.

For over one year, company executives have been aggressively working on a mergers & acquisition program.

While nothing has been announced yet, investors can take today's restructuring proposal as a major signal that management expects good things to come from all of their behind-closed-doors work.

IWG President and CEO, David Fox, couldn't have been clearer about the significance of the restructuring plan when he said it is, "an important step in building our future."

Under the restructuring proposition, IWG could become a wholly-owned private subsidiary of a new public holding company called, IWG Technologies Inc.

If approved through a pending court application - and ultimately by shareholders at IWG's scheduled annual meeting on April 26th - all IWG shareholders would have their holdings transferred on an equal basis in the new company.

Critically, the new company will have the same share structure and same number and class of outstanding securities as IWG currently has.

"This transaction will be transparent to current shareholders, who will end up with exactly the same position in IWG Technologies as they had in International Water Guard," Mr. Fox added.

To see the full news release, please click here.

Wednesday, 23 March, 2011

Pure Nickel's President Presents Update on Properties

Pure Nickel
(TSX: NIC)(OTCBB: PNCKF)
Basic Shares: 67.8 million
Fully Diluted: 75.5
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David McPherson, President and CEO of Pure Nickel was in Calgary on March 3rd as part of a marketing tour to update members of the investment community on recent progress made by the company. We took the opportunity to bring our camera along and capture Mr. McPherson's presentation at the BMO office in downtown Calgary.

The presentation is now available online. Click here to view...

Thursday, 17 March, 2011

Neptune's Presentation to California

Neptune Technologies & Bioressources
NTB - TSX V) (NEPT - NASDAQ)
Basic Shares: 42.0 million
Fully diluted: 45.48 million

*****************************
Neptune Technologies VP of Finance and Administration, André Godin, gave a presentation for the first time to the 23rd annual Roth Capital Partners conference on March 15th in southern California.

This conference brought together 430 growth companies, including 100 Chinese entities and 135 health care companies, with over 1,000 buy-side investors.

It was held in the Ritz Carlton hotel in Dana Point, California, located south of Los Angeles.

The conference has grown so fast, organizers took over the entire hotel for this year's three-day event.

To view Neptune's power point presentation there, please click here.

Tuesday, 15 March, 2011

Is Smartcool The Real Deal? It's Time To Vote

Smartcool Systems Inc.
(SSC: TSX-V)
Basic Shares 60.2 million
Fully Diluted 77.4 million
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Please click on the image above to watch the show.

An interesting new interactive show called The Real Deal has just released the pilot series and Smartcool is one of the six companies profiled in this exciting new online endeavour.
Three panelists from different sectors in the financial industry take a close objective look at the fundamentals of micro cap companies offering their opinions and openly discussing what they like and don't like as far as a potential investment opportunity.
The viewer can look at each of the six companies through the eyes of the panelists and then vote for what company they believe is the best investment opportunity. Votes are being tabulated until March 30th, 2011 and then the winner and final segment of the show will be released.

We will be following the series as it unfolds and crossing our fingers for Smartcool as we believe that it is The Real Deal.

Thursday, 10 March, 2011

Two Good Bumps For Carfinco - Distributions & Analyst Target






Carfinco Income Fund
TSX:CFN.UN
Shares outstanding: 24.5 million
Units fully diluted: 24.6 million
Current monthly distribution: $0.025




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It was good news for Carfinco shareholders with yesterday's late day announcement that monthly cash distribution were increasing 25% from $0.02 to $0.025 per unit.

"The decision to increase the monthly cash distribution is a reflection of the Fund's financial performance," said Tracy Graf, CEO of the Fund. "The fourth quarter of 2010 was the seventh consecutive quarter of record net earnings and 2011 is off to a great start as management continues to execute its objective of growing the finance receivables by 20% per annum while maintaining delinquencies at acceptable levels."

Also, analyst Fred Westra from Industrial Alliance has increased his target price to $8.80 from $8.50 and maintained his Top Pick recommendation as noted below.

RECOMMENDATION As a result of our revised estimates, we are raising our target price to $8.80 from $8.50. Our valuation methodology remains unchanged, applying a 14x multiple on our fully taxed 2011E EPU (Earnings Per Unit) of $0.63 to derive our target. With strong reserves, little competition, and abundant growth opportunities, the 32.4% upside and a possible acquisition premium warrants our recommendation of TOP PICK.

He's also calling for $0.74 EPS in 2012. As of this writing the stock was trading in the $6.70 range or 10.9X projected 2011 earnings and 9X projected 2012 earnings per share.

The full Industrial Alliance report will be available on The Howard Group website early next week.

Monday, 7 March, 2011

Carfinco – The Energizer Bunny Of Earnings

Carfinco Income Fund
TSX:CFN.UN
Shares Outstanding: 23.97 million
Units fully diluted: 24.6 million
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It would not be an embellishment of the facts to state that Carfinco's 2010 yearend earnings were astounding!

If this was the Olympics, Carfinco would be scoring gold in multiple categories. Earnings jumped an incredible 180% to a record $0.84 per unit compared to $0.30 in 2009. Below are just some of the highlights.

* Record net earnings for 2010 of $20.7 million;
* Record return on unitholder's equity for the year of 77.2%;
* Record loan originations of $97.0 million for 2010;
* Record finance receivables at the end of 2010 of $139.5 million;
* 31+ day delinquent accounts for the fourth quarter of 2010 are 2.9%.

The company has an annual growth target of 20% for finance receivables. This actually increased 23.2% over 2009 with last year's receivables hitting $139.5 million.

As a reminder, shareholders will now receive dividends, which have a more favourable tax treatment to fund distributions that were treated as income.

As of this writing the stock was trading at less than 8 times 2010 earnings but we do note that those are pre-tax numbers as Carfinco previously distributed its earnings as distributions to unit holders.

To read the news release click here.

Friday, 4 March, 2011

Silvore Fox Options “Highest Grade Zinc Resource Known in Ontario”

Silvore Fox Minerals
SFX - TSX.V
Shares Outstanding: 140.17 million
Fully Diluted: 149.5 million

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Further details were announced late yesterday on the Winston Lake, Ontario property, on which Silvore Fox Minerals recently issued a letter of intent to purchase (News release - Feb. 8, 2011).

The Winston Lake property is located 145 km east of Thunder Bay, Ontario. In the 1980’s & 90’s Falconbridge (now Inmet – IMN.CA) discovered and mined out the Winston Lake deposit, located on the property. Just 1.3 km SW away, Inmet discovered another area of interest which was called the Pick Lake deposit. Inmet discontinued production in 1998 due to depressed metals prices.

The highlights of the property as it sits today include:

• Inmet estimated in 1997 that the Pick Lake deposit includes 1.2 million tonnes of ore grading an average of 15.9% zinc, 0.86% copper, 38 g/t silver & 0.46 g/t gold ( non-NI43-101).
• Based on historical Inmet estimates the Pick Lake deposit contains almost half a billion pounds of zinc combined metal value is ~$819 million or $561/Tonne at current metal prices (estimated from non-43-101 historical reserves).
• The economics of future deposits are enhanced by easy access to the area.
• Within the Pick Lake area, there remains significant untested potential for additional Zn-Cu-Ag-Au VMS style mineralization.
• Pick Lake’s parent deposit (source) has not yet been discovered.

Come visit Silvore Fox Minerals at PDAC in Toronto March 6-9, 2011. At the Metro Toronto Convention Centre. Silvore Fox’ booth number is 3015.

To view the full release from yesterday, please click here

Wednesday, 2 March, 2011

Smartcool Completes Purchase of UK Distributor

Smartcool Systems Inc.
(SSC: TSX-V)
Basic Shares 46.8 million
Fully Diluted 55.8 million
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In the wake of the recent $4m private placement that closed on February 25th, Smartcool announced today that it has completed the acquisition of Smartcool Systems UK LTD.

The UK wing of SSC is the most well established and successful distributor over the past twenty years of Smartcool technology and was responsible for over 50% of the company's 2010 revenue.

The newly acquired UK team has completed major roll-outs of Smartcool technology, including 675 Tesco markets, 104 Sainsbury's supermarkets, 20 large Colt telecommunications facilities and several other Fortune 100 companies.

George Burnes, CEO of Smartcool stated "This is one of the most important strategic steps we have undertaken, second only to the acquisition of the technology in 2006. It is expected that the impact of this acquisition will be demonstrated by dramatically increased gross revenues and profits in 2011 and beyond."

Tuesday, 1 March, 2011

Pure Nickel And Rockcliff Continue To Find High Grade Copper & Gold

Pure Nickel
(TSX: NIC)(OTCBB: PNCKF)
Basic Shares: 67.8 million
Fully Diluted: 75.5

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Pure Nickel's Tower property in which Rockcliff Resources (TSX-V: RCR) can earn up to 70%, continues to impress shareholders and management alike with the release of new impressive assay results from its ongoing exploration program.

A high grade massive sulphide vein was intersected and 2 holes had showings of up to 9.8% copper, 2.8 grams per tonne gold (g/t), 2.2% zinc and 45.9 g/t of silver over decent lengths.
Curiously, Rockcliff hit a 52 week high today as of 12:30 (Eastern) and traded over 1.1 million shares on today's strong news while Pure Nickel hasn't received similar attention in the market.

Rockcliff can earn up to 70% interest on the Tower property over 4 years if it spends $4 million in exploration.