Stockwatch Street Wires

C:*MKTDIAM - Diamond & Specialty Minerals Summary for April 7, 2020
[2020-04-07 18:26]
Star Diamond has received a statement of defense from Rio Tinto, its would-be co-venturer at the FalCon project in Saskatchewan. Gratomic has closed a modest placement to aid its Aukam project. Global Elsimate Capital is taking up mineral exploration.  more...

C:*MKTGOLD - Gold Summary for April 7, 2020
[2020-04-07 16:55]
Franco-Nevada lost ground after it withdrew its production guidance. Solgold and Cornerstone Capital Resources cheered a new resource estimate for their mammoth Alpala copper and precious metals project in Ecuador. Osisko Mining has new assays from Windfall Lake in Quebec.  more...

C:*MKTSHEL - Shell Summary for April 6, 2020
[2020-04-06 20:28]
Jeremy Edelman's first shell, Hampton Bay Capital, submits a QT filing statement. Its target, an unprofitable Toronto lending firm called Lendified Holdings, is raising $3-million at 25 cents. The shell and its target aim to close the QT by June.  more...

C:*MKTOIL - Energy Summary for April 6, 2020
[2020-04-06 20:17]
Oil prices retreat as Saudi-Russian bickering delays an emergency OPEC+ meeting until Thursday. Ovintiv comes under analyst fire. Peyto Exploration's CEO mulls the future of natural gas prices, and Valeura Energy is seeking a new joint venturer in Turkey.  more...

C:*MKTPOT - Cannabis Summary for April 6, 2020
[2020-04-06 19:45]
iAnthus defaults on $4.4-million (U.S.) of interest payments. The company forms a special committee to consider restructuring possibilities and to investigate CEO Hadley Ford. Flower One pegs Q1 revenue at $8.9-million (U.S.), up from $5.7-million (U.S.) in Q4.  more...

C:*MKTDIAM - Diamond & Specialty Minerals Summary for April 6, 2020
[2020-04-06 18:32]
Mountain Province Diamonds is breathing easier thanks to relaxed terms on its revolving credit line. New Tech Minerals is dropping its "excellent" Buena Vista cobalt project in Nevada. Alphamin Resources expects a better quarter at its Bisie tin mine in the DRC.  more...

C:*MKTGOLD - Gold Summary for April 6, 2020
[2020-04-06 17:39]
Orla Mining has sold $75-million of stock to support its Camino Rojo oxide gold project in Mexico. Much of that cash could go to support a layback deal that could see the project grow. Marathon Gold has cleared prefeasibility at Valentine Lake in Newfoundland.  more...

C:*BCSC - BCSC pursues Dhanani, Naso over disclosure failures
[2020-04-06 17:15]
The BCSC has begun a case against Zip Dhanani and Robert Naso, citing reporting failures at Arian Resources Corp. in 2014. Among other things, the company understated Mr. Dhanani's pay and concealed a payment to his mother, the BCSC claims.  more...

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...

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