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Buzz on the Bullboards: Tracking the Major Movers: Opportunities & Warnings


Stockhouse Editorial
1 Comment| October 14, 2021

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(Image via New Found Gold Corp.)

Markets have been increasingly volatile in recent weeks. While these erratic swings can tend to fray the nerves of investors, the flip side of this is that gains can now be made in a matter of weeks (or even days) that would equate to an excellent annual return.

In this week’s edition of Buzz on the Bullboards, we picked out the “biggest movers” in our various sector groups in terms of the largest gains in reads, visits, and discourse over the past week, related to major news from each company.

We first look at mining company New Found Gold (TSX-V: NFG, Forum), who released new assay results from hole NFGC-21-238 drilled at the Keats Zone, located along the Appleton Fault Zone. This hole was completed as part of the Company's ongoing 200,000 metre diamond drill program at its 100% owned Queensway Project, located on the Trans-Canada Highway 15 km west of Gander, Newfoundland.

Highlights:

  • The NFGC-21-238 discovery interval is summarized below and in Table 2.
Hole No. From (m) To (m) Interval (m)* Au (g/t) Zone
NFGC-21-238 384.35 387.7 3.35 88.53 Keats FW

Drill-hole Details
Hole No. From (m) To (m) Interval
(m)*
Au (g/t) Zone
NFGC-21-238 384.35 387.7 3.35 88.53 Keats FW
Table 2: Summary of results reported in this release

The company noted that the true width of the mineralization is uncertain. Intervals are calculated at a 1 g/t Au cut-off grade and minimum width of 2 metres, grades have not been capped in the averaging.
Hole No. Azimuth
(°)
Dip (°) Length
(m)
UTM E UTM N
NFGC-21-238 297 -55.5 413 658120 5427133
Table 3: Details of drill holes reported in this release

Queensway 200,000m Drill Program Update

Approximately 51% of the 200,000 meters have been drilled to date with approximately 24,000 meters of core pending assay results. Nine core rigs are currently operating, with a 10th scheduled to commence shortly.



Nevada Copper Corp. (TSX: NCU, Forum) announced this week that it had entered into an agreement with its senior project lender and a non-binding term sheet with its largest shareholder to provide additional financing and a significant deferral and extension of its debt facilities, providing substantially greater balance sheet flexibility and support for the completion of the ramp-up of its underground mining operations and subsequent advancement of its open pit project and broader property exploration targets.

Highlights:

  • Extension of Senior Project Facility:
    • Two-year deferral of first loan repayments: First debt repayments deferred by two years, with Tranche A repayment only scheduled to begin in July 2025, providing significant additional flexibility
    • Extension of loan amortization schedule: Extended amortization schedule with final maturity now occurring in July 2029
    • Additional project completion flexibility: The long stop date for the formal commercial project completion test deferred until June 2023
  • Consolidation and extension of shareholder loans
    • Consolidation of shareholder loans: All outstanding shareholder loans consolidated under a single existing shareholder credit facility, as amended (the “Amended Credit Facility”)
    • Two-year extension to maturity date: Maturity of the Amended Credit Facility deferred until 2026, with no scheduled payments before final maturity
    • Additional committed liquidity: Increased availability of $41 million (USD) under the Amended Credit Facility

In a media release on this news for investors, the company’s Chief Executive Officer, Randy Buffington commented that these combined balance sheet improvements provide significant additional runway for the company as it moves forward to complete the ramp-up of its underground operations.

“The ongoing support of two of our major stakeholders provides further validation of the significant inherent value of our copper operations in Nevada and allows us to continue to pursue the growth potential embedded within our asset base”.

Canadian mining company focused on advancing its three principal joint-venture projects in Southern Africa, Ivanhoe Mines Ltd. (TSX: IVN, Forum) continues to make progress on the construction of its Phase 2 concentrator plant at Kamoa-Kakula.
Once the new plant is completed, it is expected to double Kamoa-Kakula’s copper production to approximately 400,000 tonnes per year.

Construction is ahead of schedule and is expected to reach completion by Q2 2022 instead of the original projected timeline of Q3 2022.

The Phase 2, 3.8 million-tonne-per-annum concentrator plant is a carbon copy of the Phase 1 concentrator plant and is being constructed alongside the Phase 1 plant.

Mark Farren, CEO of Kamoa Copper said that the construction of the Phase 2 concentrator plant is progressing very well, and the project team is working hard to complete the project ahead of schedule, like what we did with the Phase 1 plant.
At the end of September, Kamoa-Kakula had surface ore stockpiles totalling approximately 3.66 million tonnes grading 4.73% copper.

These stockpiles are in place to help ensure a smooth and efficient ramp up of the Phase 2 concentrator to steady-state production in 2022.

A second concentrate filter at the Phase 1 concentrator plant began operations on October 3, taking advantage of the high-grade copper ore being processed directly from Kakula’s underground mining operations and surface stockpiles, says the company.

“Having raised the bar for construction delivery, Ivanhoe Mines is setting its sights on raising the environmental, social and governance bar for the ultra-low-carbon copper production our world desperately needs for the energy transformation,” said Ivanhoe Mines founder and executive co-chair Robert Friedland.

Kamoa-Kakula began producing copper concentrates in May 2021 and is positioned to become one of the world’s largest copper producers.

Ivanhoe Mines has pledged to achieve net-zero operational greenhouse gas emissions at the Kamoa-Kakula Copper Mine when large-scale electric, hydrogen and hybrid underground mining equipment become commercially available.

This brings us to our investor pulse poll survey for the week … gold prices have jumped recently, have you seen this reflected in your portfolio? Let us know your thoughts by clicking the image below.


(Click image to vote.)

Looking at last week’s survey, it appears that more than half of you are dealing with some stiff spliff stocks.



Elsewhere in the marketplace, Nanaimo, BC-based licensed producer Tilray Inc. (NASDAQ: TLRY) has been seeing success as a cannabis-lifestyle and consumer packaged goods company and the proof is in its latest fiscal Q1 2022 financial results.

Key takeaways:

  • Net Revenue and Gross Profit Increased 43% to $168 million (USD) during the first quarter from $117 million (USD) in the prior year quarter.
  • 10th consecutive quarter of positive adjusted EBITDA
  • $55 million (USD) in cost-savings achieved on a run-rate basis to date; on-track for at least $80 million (USD) in cost-savings from synergies with Aphria Inc (TSX: APH, Forum)
  • #1 leading market share in Canada, with comprehensive portfolio of medical and adult-use cannabis brands, international market leader and #1 in Germany with medical cannabis extracts




Mark your calendars! HEXO Corp. (TSX: HEXO, Forum) will participate in the Benzinga Cannabis Capital Conference to be hosted live in New York City, as well as virtually, this October 15th, 2021.

As part of the conference, HEXO’s CFO, Trent MacDonald, will present at 1:30 p.m. ET, as well as participate in the panel “Turning Focused Growth Strategies Into Expanded Market Share” at 4:25 p.m. ET. I wonder what attendees will be up to five minutes prior?

For details on how to tune in, click here.


What the "Buzz"

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The Tinley Beverage Company Inc. (CSE: TNY, Forum) will be installing an upgraded mini line in its Long Beach bottling facility as part of a comprehensive resolution to the dispute with the vendor for the original facility buildout.

TNY will produce high performance enhanced hydration beverages as cannabis-infused products at the facility. Offfield’s Non-THC Enhanced Hydration beverage, currently available nationwide, has been praised by everyday athletes for its benefits that mimic the sought-after effects known as a runner’s high or exercise high. Offfield’s High Performance lineup is designed to offer performance-focused consumers a health-conscious alternative to smoking or vaping.

The sports drink will be made available in cannabis dispensaries and through licensed delivery services throughout the state this winter.



Data intelligence company Fobi AI Inc. (TSX-V: FOBI, Forum) has received TSXV approval for the acquisition of Qples.
FOBI will pay to Qples the aggregate purchase price of $3,151,385 (USD) to be paid as follows:

  • $2,120 (USD) in cash
  • 1,222,551 common shares of FOBI

Fobi is a cutting-edge data intelligence company that helps clients turn real-time data into actionable insights and personalized customer engagement to generate increased profits.

Qples also can earn up to $1 million (USD) earn-out to be based on the revenue derived from the assets purchased from Qples during the calendar year 2022.

Qples can earn $500,000 (USD) in shares if the asset-derived revenue meets or exceeds US$1,600,000 during calendar 2022 or $1 million (USD) in shares if the asset-derived revenue meets or exceeds $3.2 million (USD).

FOBI will loan Qples $294,405.28 (USD) to repay an outstanding loan with the United States Small Business Administration. With Qples, brands can deliver manufacturer-level digital coupons into any digital platform and track the coupon’s performance via detailed data and analytics.

Qples provides brands with data about the offers and the consumers such as name, gender, location, point of origin and much more. Qples provides a cost-effective way for brands and businesses to accurately market to consumers across social, local, and mobile channels.

Vancouver, BC-based NexOptic Technology Corp.’s (TSX-V: NXO, Forum) an innovator in cutting-edge patented and patent pending Artificial Intelligence, announced this week that it had entered a commercial partnership with NTek Device of South Korea.

NTek Device is an indispensable partner to a vast array of clients in mobile cameras, surveillance cameras, and automotive cameras. NexOptic joins the likes of some of the most respected and influential imaging solution companies as chosen by NTek for their overwhelming quality and reliability in the image enhancement sector for CMOS image sensor based solutions.

NTek Device’s CEO, Hyun-Chul Kim explained in a media release that a key to their success is discovering the next big solutions in imaging early, and can now bring artificial intelligence solutions as impactful as Aliis to large segments of the imaging industry.

“Aliis is a major breakthrough that will deliver enormous value to us by allowing us to immediately provide effective artificial intelligence integration directly to our clients.”

Following a shortened week on account of the long-weekend, next week should bring a return to normalcy. Unfortunately, with new twists affecting the markets left, right, and centre, something will always come up that throws a wrench in things. The best place to make sense of it, and to see who’s making money, is diving into the Stockhouse Bullboards.

For previous editions of Buzz on the Bullboards: click here.


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