Stockwatch Street Wires
- Shell Summary for Nov. 19, 2018
Hari Varshney's sixth shell, Steamsand Capital, launches Rory Olson's Voti Detection.
Michael Frank's shell, Cluny Capital, cancels its cryptocurrency QT with Ronin Blockchain. Andrew Ryu's shell graduate, Datametrex, is still figuring out what sort of tech promotion it is.
- Energy Summary for Nov. 19, 2018
Husky Energy spills over 1,500 barrels off the coast of Newfoundland. MEG Energy continues to fend off a hostile takeover bid from Husky. Peyto Exploration keeps itself "incredibly busy" in the Cardium, and Pine Cliff Energy enjoys insider buying.
- Diamond & Specialty Minerals Summary for Nov. 19, 2018
North Arrow Minerals got modest diamond counts from Mel and Loki but will carry on next year. Zenyatta Ventures will need more tranches to raise the $1-million needed for its Albany graphite project. Gratomic is raising cash for its Aukam graphite and graphene promotion.
- Gold Summary for Nov. 19, 2018
Banyan Gold's heart soars like an Eagle over new assays from Aurex-McQueston in Yukon. Sabina Gold and Silver has pleasing new assays from Nuvuyak in Nunavut. Medgold Resources has not so pleasing assays from Tlamino in Serbia.
- SEC defendant Petrello receives probationary term
SEC defendant Paul Petrello has received three years of probation for his part in a serial insider trading scheme. He must also forfeit $1.2-million (U.S.) contained in previously frozen accounts.
- Synex dissident Russell says he should have won AGM
Synex International Inc. dissident Daniel Russell has asked for a court order overturning the company's Nov. 2 AGM. He complains that the company unfairly disallowed proxies that would have changed the vote.
- Energy Summary for Nov. 16, 2018
Cenovus Energy calls for government-mandated production cuts in the face of low oil prices, but not everyone is keen. Tamarack Valley touts its balance sheet. Obsidian Energy sets a Cardium-focused 2019 budget and will try again to sell its Viking assets.
- Shell Summary for Nov. 16, 2018
Jeremy Edelman plans to list his first capital pool shell, Hampton Bay Capital, with a 10-cent IPO. His fellow shell directors include promoter David Lenigas of the shell graduate LGC Capital.
- Diamond & Specialty Minerals Summary for Nov. 16, 2018
Mountain Province Diamonds has wrapped up a so-so sale of rough from Gahcho Kue. Cash-rich Largo Resources is offering a cashless warrant exercise to limit dilution. M2 Cobalt has expanded drilling at Uganda's Bombo and Far Resources is drilling again at Zoro in Manitoba.
- Gold Summary for Nov. 16, 2018
Sokoman Iron has a glittering new assay from Moosehead, near its high-grade discovery in September. Tristar Gold has a dream sheet for its Castelo de Sonhos project in Brazil. Vanstar Mining Resources has encouraging assays from Nelligan in Quebec.
- Karnalyte wins identifying order for Stockhouse users
Karnalyte Resources Inc. has won a court order directing Stockhouse to hand over identifying information for six forum users. The users were behind a batch of defamatory posts, including one that referred to management as a "rotting cancer."
- Shell Summary for Nov. 15, 2018
John Travaglini's Platform Eight Capital cancels its QT with Rishi Gautam's GrowForce Holdings. Meanwhile, Robert Shoniker's NEX shell, Sumtra Diversified, closes its deal with Mr. Gautam's MJardin Group. Edward Ierfino's Anchor Capital plans to acquire Spyder Vapes.
- CMKM defendant Kinney avoids jail, receives probation
CMKM Diamonds Inc. defendant James Kinney will not go to prison, with the judge imposing a probationary sentence. Prosecutors had asked for a one-year jail term after Mr. Kinney admitted to selling 60 billion shares during the CMKM fraud.
- Energy Summary for Nov. 15, 2018
Birchcliff Energy sets off dividend rumours accidentally; Canacol Energy deliberately. Surge Energy will not increase its dividend as previously planned. Delphi Energy talks up its three-year plan for the Alberta Montney.
- Diamond & Specialty Minerals Summary for Nov. 15, 2018
Stornoway Diamond stumbled this week on its third quarter results and word that its CEO is leaving soon. Standard Lithium has a maiden resource estimate for its South Arkansas lithium brine project. United Battery Metals has had a tough week.
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