With recent strength in both gold and capital markets, plenty of option & royalty partners of Globex Mining Enterprises (TSX:GMX – $0.55 & OTCQX:GLBXF – $0.41 & Fra:G1MN – €0.37), are again advancing their projects.
This is obviously excellent news for the North America focused exploration and development project generator, as it will generate cash payments, royalty income when projects are taken into production, and it may also increase the value of the shares that Globex holds from those partners.
Chalice Gold Mines Limited (TSX-V: CXN), for example, has commenced a 2,000 metre diamond drill program at its East Cadillac Gold Project in Quebec, Canada. Drilling will target potential extensions of the company’s Nordeau West gold deposit to test [click to continue…]
ZoomAway Travel Inc. (TSXV:ZMA – $0.16 CAD & OTC: ZMWYF – $0.12 USD & Frankfurt:4ZO – €0.10), which provides hotels, golf and ski resorts, and other activity providers a Technology Platform that allows customers to book discounted packaging of lodging, ski, golf, and entertainment, hired another well-experienced person to help grow the Company.
ZoomAway appointment Mr. David Mustard as Chief Financial Officer. He is a Certified Public Accountant in the State of Nevada, and a senior financial executive with 20+ years of achievements, primarily in corporate and tribal hotel-casinos ranging in size from $1M to $100+M EBITDA, including publicly traded entities.
Before joining ZoomAway, Mr. Mustard was Financial Controller at Eldorado Resorts and Casino Controller at Grand Sierra Resort. In addition, he has been Director of Finance at both [click to continue…]
Acme United Corporation (ACU – $24.60) is a worldwide supplier of cutting devices, measuring instruments and first-aid products for school, home, office, industrial and hardware use.
2016 was another record year for Acme United. Net sales for the year ended December 31, 2016 were $124.6 million, compared to $109.8 million in 2015, an increase of 13%. Net income for the year ended December 31, 2016 was $5.9 million, or $1.64 per diluted share, compared to $4.8 million, or $1.30 per diluted share, for the prior year, an increase of 22% in net income and 26% in earnings per share.
Walter C. Johnsen, the Chairman and CEO of Acme United, gave guidance for 2017 of approximately $137 million in sales (+10% vs 2016), net income of $6.7 million (+14.5% vs 2016), and $1.78 earnings per share (+8.5% vs 2016). In addition, Mr. Johnsen recently said at the Disruptive Growth & Healthcare Conference in New York that [click to continue…]
EnWave Corporation (TSXV:ENW – $1.07 CAD & OTC:NWVCF – $0.79 USD & Frankfurt:E4U – €0.73) offers industrial-scale dehydration technology for commercial applications in the food and pharmaceutical spaces. The Company’s Radiant Energy Vacuum (“REV”) platforms are becoming the new global dehydration standard, as they are faster and cheaper than freeze drying, and have better end product quality than both air drying and spray drying.
For the first quarter of fiscal year 2017, ended December 31, 2016, EnWave reported consolidated revenues of $3.46 million, compared to $2.60 million in the same period last year, a 33% increase.
These solid results can be attributed to increased machine sales and royalties. NutraDried sales were flat as the subsidiary was still impacted by last year’s reorganization. Stronger results are expected in [click to continue…]
Forget slot machines. Casinos may soon look like video game arcades. That’s the idea of Zero8 Studios, a Reno, Nevada, based firm that specializes in new and innovative game development and digital media solutions.
They believe that different types of skill-based games will start to appear on casino floors. This could be games where single players go against the house, cooperative games like blackjack, or player versus player games like poker.
ZoomAway Travel Inc. (TSXV:ZMA – $0.12 CAD & OTC: ZMWYF – $0.12 USD & Frankfurt:4ZO – €0.08), which is in constant contact with resorts and casinos, is sensing this trend as its customers are asking for products that will attract, engage and retain the [click to continue…]
MGM Resorts International (NYSE: MGM), one of the world’s leading hospitality groups, that operates a portfolio of well-known resort/casinos, including Bellagio, MGM Grand, Mandalay Bay and The Mirage, has opted to install 6 Tecogen (TGEN – $3.56) CM-75 Combined Heat and Power (CHP) units in its under-construction MGM Springfield casino.
The six CHPs will provide heating and electricity for the entire building. Thanks to these units, MGM will save between $300,000 – $400,000 annually when compared with the estimated cost of a boiler and utility grid electric supply. The $950 million resort in Springfield, Massachusetts, is scheduled to open in fall 2018.
Tecogen won the substantial order through a competitive process. The units will be installed by Harry Grodsky Company Inc., a full service mechanical contractor with substantial experience in meeting the needs of [click to continue…]
We recommended Bovie Medical Corp (BVX), the manufacturer of medical devices and supplies, at $2.02 in February last year. Now one year down the line, the Company is trading at $3.30, meaning that its share price has gone up 63% in this period. What’s more, on October 31st last year, some 8 months after our recommendation, Bovie’s shares skyrocketed to $5.75, an impressive rise of 185% compared with our recommended price.
The past twelve months Bovie Medical has made significant progress, as it hired new key personnel, launched new products, entering into sales partnerships, and above all delivered solid quarterly results.
We will discuss a few of Bovie Medical’s significant achievements in more detail below. [click to continue…]