Stockwatch Street Wires
- 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.
- Gold Summary for Nov. 15, 2018
Tasca Resources has high-grade but narrow assays from trenching at its Princeton project in B.C. White Gold has more assay promise from Vertigo, at JP Ross in Yukon. Endeavour Mining has a maiden resource for Kari Pump, at Hounde in Burkina Faso.
- PI Financial sued over unauthorized $1.5M withdrawal
PI Financial Corp. and its employee, Jeff Rutledge, are defendants in a lawsuit filed by Robert Slaughter. The suit complains about a series of unauthorized wire transfers that took $1.5-million from Mr. Slaughter's account.
- Energy Summary for Nov. 14, 2018
Oil supply will outpace demand in 2019, warns the International Energy Agency. Canacol Energy plans a burst of activity to end the year. Africa Oil pursues its Nigerian acquisition, and Standard Exploration aims to recapitalize and move to the Gulf Coast.
- Shell Summary for Nov. 14, 2018
Edward Ierfino's second shell, Element 79 Capital, expects to close its QT with Mondias Natural Products any day now. The shell is raising $1.5-million at 10.5 cents. In other shell news, Mr. Ierfino has taken over as the CEO of Darren Stark's first shell, Anchor Capital.
- Diamond & Specialty Minerals Summary for Nov. 14, 2018
Tsodilo Resources says that after modelling, its BK16 bulk sample warrants a larger test of the Botswana-based kimberlite. Power Metals has encouraging assays from Case Lake in Ontario. Lara Exploration has a new theory for Damolandia in Brazil.
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