Stockwatch Street Wires

C:*MKTDIAM - Diamond & Specialty Minerals Summary for April 3, 2020
[2020-04-03 20:48]
Diamcor Mining and Southstone Minerals have had to suspend mining at their South African mines by government decree. Victory Metals has new vanadium assays from Iron Point in Nevada. Enertopia has a lithium resource estimate for Clayton Valley.  more...

C:*MKTOIL - Energy Summary for April 3, 2020
[2020-04-03 20:37]
Oil prices rally as OPEC+ plans an emergency meeting to talk production cuts -- possibly with Canadian participation required. Ovintiv trims its budget, again. Athabasca Oil suspends its Hangingstone project, and Parex Resources hunkers down in Colombia.  more...

C:*MKTSHEL - Shell Summary for April 3, 2020
[2020-04-03 20:26]
John-David Belfontaine and Michael Racic's first shell, Conscience Capital, submits a filing statement for its U.S. advertising QT with Hashoff LLC. The shell must raise $1.32-million to $4-million at 35 cents. It expects to close the financing and the QT this month.  more...

C:*MKTPOT - Cannabis Summary for April 3, 2020
[2020-04-03 20:02]
Acreage cancels its proposed acquisition of Deep Roots and announces temporary layoffs and facility closures. The U.S. cannabis producer pulls its 2020 financial targets. Canopy Growth announces 200 temporary layoffs. Stillcanna quietly releases uninspiring Q2 results.  more...

U:*SEC - SEC defendant Knox freed from jail, reasons unclear
[2020-04-03 18:05]
SEC defendant Roger "Rocket" Knox, who is awaiting sentencing for charges that stemmed from many pump-and-dumps, has won his release from jail. A judge in Boston has granted a sealed request that came from both prosecutors and defence lawyers.  more...

C:*MKTGOLD - Gold Summary for April 3, 2020
[2020-04-03 17:29]
New Gold has fired up its Rainy River mine in Northwestern Ontario after a two-week quarantine. Prime Mining has a first resource estimate for Los Reyes in Mexico. African Gold Group has new assays from Kobada in Mali.  more...

C:*MKTSHEL - Shell Summary for April 2, 2020
[2020-04-02 20:24]
Neil Currie's first shell, First Light Capital, drops its QT with vMobo Inc., the operator of a website for luxury products. vMobo had hoped to raise $6.7-million in connection with its going public. Gunther Roehlig's shell, Yuntone Capital, cancels its QT with GrowX Global.  more...

C:*MKTOIL - Energy Summary for April 2, 2020
[2020-04-02 20:21]
Oil prices enjoy record gains on hopes that the Saudi-Russian price war is almost over. Cenovus Energy suspends its dividend. International Petroleum and Yangarra Resources hack away at their spending, while Whitecap Resources basks in analyst attention.  more...

C:*MKTPOT - Cannabis Summary for April 2, 2020
[2020-04-02 19:48]
True Leaf Brands falls after seeking protection under the Bankruptcy and Insolvency Act, becoming the third cannabis company in three days to file for creditor protection. Nutritional High files uninspiring fiscal Q2 results.  more...

C:*CURRENT - Equity Guru claims former hire took $325,071
[2020-04-02 18:07]
Equity Guru Media Inc. has filed a lawsuit against a former manager, Kyle Kuzyk, claiming that he used $325,071 of the company's money for his own purposes. The company is seeking full repayment.  more...

C:*MKTDIAM - Diamond & Specialty Minerals Summary for April 2, 2020
[2020-04-02 18:05]
RJK Exploration surprised the market with diamonds from what it thought was granite. The window for bidding on Nemaska Lithium's Whabouchi project closes in two weeks. Fuse Cobalt has raised a bit of cash to explore its Ontario cobalt projects.  more...

C:*MKTGOLD - Gold Summary for April 2, 2020
[2020-04-02 18:02]
GoGold Resources was one of many Mexican gold companies to shutter its operations by government decree. Golden Minerals has a dream sheet for Velardena, but it needs to borrow cash. Red Pine Exploration has a few assays from its aborted 2020 drill program at Wawa.  more...

C:*MKTSHEL - Shell Summary for April 1, 2020
[2020-04-01 20:25]
Livio Susin's first shell, Navion Capital, drops its B.C. marijuana QT. Shell graduate James E. Wagner Cultivation files for creditor protection. The IPO investors of Steven Mintz's first and only shell, 22 Capital, are not doing well so far with Trichome Financial.  more...

C:*MKTOIL - Energy Summary for April 1, 2020
[2020-04-01 20:17]
The Saudi-Russian oil price war claims its first bankruptcy victim, a former titan of the U.S. shale industry. Perpetual Energy sells half of its largest producing asset to reduce debt. Africa Oil talks up its production in Nigeria (again).  more...

C:*MKTPOT - Cannabis Summary for April 1, 2020
[2020-04-01 19:07]
James E. Wagner plummets after becoming the second cannabis company in two days to file for and receive CCAA protection (essentially bankruptcy protection). Nextleaf tries to save cash by offering to pay employees with shares. Canopy makes changes to its board.  more...

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