Financial Press » FP Exclusives http://financialpress.com Breaking Business, Financial & Economic News Headlines Fri, 27 Feb 2015 00:56:54 +0000 en-US hourly 1 $810 Million Stock Investment Makes Canada Largest Foreign Investor in Albania http://financialpress.com/2015/02/24/albania-set-to-shine-in-2015/ http://financialpress.com/2015/02/24/albania-set-to-shine-in-2015/#comments Tue, 24 Feb 2015 14:35:31 +0000 http://financialpress.com/?p=46384 By Financial Press

When the current government of Prime Minister Edi Rama swept into power in 2013, supported by major coalition partner Speaker Ilir Meta, there was wave of enthusiasm not only in Albania but amongst international economic observers. The government inherited a very difficult climate in Albania, a country that was perceived internationally as a difficult place to do business, plagued by crime and a lack of transparency. But, with the new government came with it renewed hope for the country.

As Bryan Slusarchuk, Chief Executive Officer of Canadian based Tirex Resources (TXX-TSXV) (TIRXF-OTC), states, “These are exciting times in Albania. Canada is the largest foreign investor in Albania right now but there is also some strong interest growing from investors in other western countries such as the United States, Germany and the UK. If the government keeps doing the right things, as tough as some of these steps are, I think Albania has a very bright future ahead.”

Fast forward from the difficult times of 2013 to today and the country’s economic prospects seem a whole lot brighter. The country has become an official European Union candidate country and Prime Minister Rama and his government have successfully waged a huge internal battle to destroy the country’s illegal marijuana growth and export industry. This tough on crime approach has been applauded throughout Europe but has not been easy. In fact, within the last month, two bombs exploded at buildings owned by family members of a senior police official and Interior Minister Saimir Tahiri. It’s clear that while Prime Minister Rama is intent on destroying organized crime, there are elements within Albania not happy about his progressive actions.

Outside of the war on crime, very successful by all standards, the government has worked hard to increase transparency within the country’s economy and has also pressed hard for reforms to the country’s judicial system. Also, prudent accounting and modern balance of accounts mechanics are finally being implemented in Albania. In fact, this month, the government announced that it has cleared up approximately EUR 64 million in accumulated unpaid bills to private companies that had remained previously unpaid although the work had long been completed.  All of these actions by the government have been welcomed, and mandated in many instances, by the European Union. This is starting to take a positive effect and Albania’s economy is set to grow again in 2015.

Much of the growth in small countries like Albania is driven by foreign investment. Albania benefits from being richly endowed geologically and with that comes investment from foreign companies involved in sectors such as oil and gas and mining. Canadian based Bankers Petroleum, for example, recently announced a USD $153 million capital investment program for 2015. This type of foreign investment pays big dividends in Albania. Indicative of this, between 2004-2013, Bankers has paid $304 million in royalties within the country, $2 million in local taxes to communes and municipalities and pays approximately $1.5 million annually in land rentals to 500 families.

Tirex Resources has been investing in the country since 2007 and has conducted the country’s first ever large scale, modern and systematic exploration program for copper, zinc, gold and silver. Earlier this month, Tirex was declared the winner of the bidding process for the Rehova Mining Property which is a past producing copper mine, mined via a combination of underground and open pit mining. While it was a past producer, approximately 84% of the originally defined historical resources are reported to be intact. The company also believes that, through modern definition, expansion and exploration drilling, there exists a potential for additional resources. Rehova is considered by many to be the jem of the Albanian copper mining industry but Tirex wants to put the mining district on the map for other metals. When asked about Rehova, Tirex Chief Executive Officer, Bryan Slusarchuk, noted “At Rehova, the company is aiming to define resources according to modern reporting standards and also is very eager to also test this area for zinc, gold and silver potential. The sole focus in the past was on copper. This government is working hard to attract more foreign investment and Tirex is proud to act as a leader in terms of ushering in what we believe will be a new era in the Albanian mining industry. In doing this, we are utilizing a best practices approach as to environment, health, safety and community in accordance with European Union and Canadian operating standards.”

For his part, Prime Minister Rama, is a believer that the future of Albania is within Europe. The Prime Minister, who is a renowned artist and also is a former winner of the world’s best Mayor for his term as Tirana mayor, has been vocal in his opinion that Albania’s future rests within a united Europe.  Just this week, Belgian’s Minister of Foreign Affairs Didier Reynders, praised Albania’s steps towards European Union integration and the United States has been a very strong supporter of Albania’s NATO role and the country’s commitment to lend its hand at fighting terror abroad. NATO’s Many in Albania consider the United States the country’s most important ally.  Regarding this special relationship between the United States and Albania, Slusarchuk goes on to say, “As Tirex has a huge United States investor base, we are acting as example in the United States investment community as to Albania being an investment destination. It takes time for a country to gain the attention of international investors, but I have seen a lot of positive steps in this regard during the past two years.”

The path to prosperity is never easy for emerging countries. But, with Albania taking the steps it has taken in the past two year and its strong natural resource endowment and favorable southern European location, it is a country to watch and may indeed emerge as a Balkan economic powerhouse.

Contact:

Bryan J.R. Slusarchuk
CEO and Director

Tirex Resources Ltd.
700 — 510 West Hastings Street
Vancouver, B.C., Canada V6B 1L8
Tel. 604-687-7160
Fax. 604-608-9110
Email: info@TirexResources.com
Website: www.TirexResources.com

Legal Disclaimer/Disclosure: This document is not and should not be construed as an offer to sell or the solicitation of an offer to purchase or subscribe for any investment. Financial Press makes no guarantee, representation or warranty and a fee has been paid for the production and distribution of this Report.

 

 

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New invention aims to provide convenience and comfort for those living with diabetes http://financialpress.com/2015/02/19/new-invention-aims-to-provide-convenience-and-comfort-for-those-living-with-diabetes/ http://financialpress.com/2015/02/19/new-invention-aims-to-provide-convenience-and-comfort-for-those-living-with-diabetes/#comments Thu, 19 Feb 2015 14:05:20 +0000 http://financialpress.com/?p=46357 Diabetes

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New invention aims to provide convenience and comfort for those living with diabetes –

The International Diabetes Federation (IDF) expects the number of people living with diabetes to rise from 387 million in 2014 to 592 million by 2035, which will dramatically increase global demand for treatment and control of the disease.

Most people with diabetes control their blood glucose level with insulin. They need to regularly test their blood sugar during the day, and the standard test is finger pricking to draw blood, which is then applied to a test strip that provides a result.

But finger pricking, even with spring-loaded lancing devices, can be painful and stressful. Now researchers at the University of Calgary are developing what they believe could be a significant new method of blood sugar testing using a device which they say mimics a mosquito and is virtually undetectable as it draws blood.

Called the eMosquito – for electronic mosquito – the device could be in clinical trials within a year, according to Martin Mintchev, a director of M Pharmaceutical Inc. (MQ-CSE), a Vancouver-based company that is collaborating with the inventors of the new device to take it through clinical trials and regulatory approvals.

“This could be an important breakthrough for people with diabetes,” says Dr. Mintchev. “The eMosquito is a device that will automatically monitor their blood sugar levels throughout the day with less discomfort and stress than traditional methods. In addition, blood sugar data can be sent wirelessly to users’ smartphones and/or physicians, eliminating the need to carry bulky testing hardware.”

He points out that the IDF estimates that diabetes caused at least US$612-billion in health expenditure in 2014 – 11 per cent of total spending on adults globally.

According to industry analysts including Frost & Sullivan, BMI Espicom and IEK Industrial Technology Research Institute, the value of the global market for blood glucose measuring devices is expected to grow from an estimated US$845-billion in 2014 to US$897-billion in 2016.

“The care and treatment of people with diabetes is a potentially huge market,” adds Dr. Mintchev. “We believe this will mean growing demand for new and more convenient ways of testing blood sugar levels, which is why we are supporting the development of the eMosquito.”

M Pharmaceutical Inc. is pursuing interests in pharmaceuticals and biomedical devices. It signed an arm’s-length binding letter of intent with M Diagnostics Inc., a Calgary company that holds the rights to the eMosquito, which was developed by the shareholders of M Diagnostics Inc., Dr. Martin Mintchev, Dr. Orly Yadid-Pecht and Mr. Joseph Wang at the University of Calgary.

The letter of intent provides for the acquisition of all the rights to the eMosquito technology.

For more information on the eMosquito and M Pharmaceutical Inc., please visit the company website at www.m-pharma.ca.

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The three inventors of the e-Mosquito. From left, Dr. Orly Yadid-Pecht, Mr. Joseph Wang and Dr. Martin Mintchev.supplied

Mosquito bite provided inspiration for wearable blood sugar test device

Like most scientists, much of Martin Mintchev’s work is motivated by “what-if” questions. As a biomedical engineer, it’s only natural that his search for solutions to complex problems would focus on how to combine technology and medicine to develop new ways to help people with chronic illnesses like diabetes.

With that in mind, his question became: what if we could develop a wearable electronic microsystem that can automatically and sequentially activate and control miniature needles from a given set, the pricks of which would be hardly discernable, yet each of them would draw enough blood to test a user’s glucose level?

‘Can’t be done’ was the general response 10 years ago when Dr. Mintchev and fellow researchers began re-exploring an existing idea to develop a tool that would mimic nature, specifically a mosquito, to draw blood for medical testing. They spent several years on the project and advanced it in the laboratory to a first generation device, but it wasn’t practical enough to take it further. The materials available at the time simply didn’t match their needs, and the size of the prototype was similar to a deck of cards, which made it impractical to wear.

Then technology began to catch up. The emergence of shape memory alloys and further miniaturization of measuring instruments meant that a commercially viable and conveniently wearable electronic mosquito to provide diabetics with a new way of monitoring blood sugar was a distinct possibility – eMosquito became a reality.

Dr. Mintchev is currently a professor of Electrical and Computer Engineering at the University of Calgary and an adjunct professor of surgery at the University of Alberta in Edmonton. He is also a registered professional engineer in Alberta. He and two colleagues at the University of Calgary, Dr. Orly Yadid-Pecht and Mr. Joseph Wang, filed a patent for their invention last November and are now collaborating with M Pharmaceutical Inc. of Vancouver to conduct clinical trials and facilitate the regulatory approvals of the device.

Dr. Mintchev believes pilot clinical trials could begin within a year. In the meantime, the team will focus on building 10 to 15 prototypes to help perfect the technique and functioning of the device.

A key breakthrough in the quest for a viable eMosquito came with the evolution of new materials known as shape memory alloys.

“In our device, the shape memory alloy is a metal-like wire, which in a relaxed state is flexible and not rigid at all,” explains Dr. Mintchev. “But when you pass relatively small electrical current through it, it becomes tense and can exert enough force to control a miniature needle to penetrate the skin and extract a small whole blood sample. This creates the unique opportunity to design really flat, in-plane needle actuators controlled by infralow-power electronics that can be easily wearable by the patient, initially in the form of a small cuff, and eventually, as the technology matures, as a Band-Aid-like patch.”

Contained in a cuff that fits on the wrist or ankle, the present version of the eMosquito is controlled by its built-in electronics and powered by a small, flat battery. The device is programmed so that each of the needles from the set “bites” at a pre-determined time.

“The user is not aware of the exact moment of biting – much like an actual mosquito bite,” says Dr. Mintchev. “As soon as the needle reaches a capillary, it retracts. In most cases, capillaries are slightly closer to the skin surface than the nerve endings, so users should feel virtually nothing, but the capillary pressure will be sufficient for a small whole blood sample to appear at the base of the bite on the skin and a built-in standard glucose sensing strip will detect the glucose level.”

The electronics for measuring the glucose level from the extracted whole blood sample is the same as that in commonly used present-day finger pricking devices, but a lot smaller in size. Each needle from a given set only “bites” once, after which the electronic control moves to another needle of the same set, which bites in a slightly different location on the skin when it’s time for the next test. The process is repeated as often as necessary, until all needles in a given set are exhausted. At the end of the day, the cartridge set with the cells that contain the needles is replaced with a new one.

The timing of bites can be tailored to each user’s needs and monitored if necessary by a medical professional, care giver or parent.

“More frequent blood glucose tests during the day reduce the risk of diabetes-related health problems,” says Dr. Mintchev. “For all type 1 diabetes patients and about 20 per cent of type 2 patients – those who need insulin therapy – at least four tests a day are required.”

He believes an automated and regular testing system like the eMosquito will not only be more convenient and comfortable for users, but will also help them better understand their blood glucose trends.

Initially, insulin will continue to be administered as it is now by injection or infusion pump, but future generations of the eMosquito could include remote electronic control capabilities to connect it to a wearable transdermal insulin infusion pump that would automatically provide the right dose of insulin based on the results of each bite. Thus, two small, wearable and minimally inconvenient electronic “patches” (one to test blood glucose and the other to deliver the necessary insulin) can serve as an autonomous external artificial pancreas.

While the cost of the device if it is commercialized has not yet been decided, Dr. Mintchev believes it will be acceptable to the market because the materials from which it is made are relatively inexpensive.

“The application of shape memory alloy-based actuation creates the possibility that the cost of each individual eMosquito cell will be comparable to the cost of a single strip for glucose testing at the moment,” he says. “The cell itself will be connected to a standard glucose-sensing strip. The electronics and the reporting will be a one-time expense similar to the existing glucose monitoring devices associated with finger pricking. They are similar electronic devices.”

But the advantage of eMosquito, he adds, is convenience, regularity of testing and less stress and physical pain for users.

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eMosquito uses the latest advances in technology to mimic nature – specifically the mosquito.

istockphoto.com

Fact check

What is diabetes?

Diabetes is a chronic disease that occurs when the pancreas is no longer able to make insulin or when the body cannot make good use of the insulin it produces. Insulin is a hormone made by the pancreas that lets glucose from the food we eat pass from the blood stream into the cells in the body to produce energy. All carbohydrate foods are broken down into glucose in the blood. Insulin helps glucose get into the cells.

Not being able to produce insulin or use it effectively leads to raised glucose levels in the blood, known as hyperglycaemia. Over time, high glucose levels are associated with damage to the body and failure of various organs and tissues.

There are three main types of diabetes:

Type 1 diabetes used to be called juvenile-onset diabetes. It is usually caused by an auto-immune reaction where the body’s defence system attacks the cells that produce insulin. People with this form of diabetes need injections of insulin every day in order to control the levels of glucose in their blood. If people with type 1 diabetes do not have access to insulin, they will die.

Type 2 diabetes used to be called non-insulin dependent diabetes or adult-onset diabetes and accounts for at least 90 per cent of all cases of diabetes. It is characterised by insulin resistance and relative insulin deficiency, either or both of which may be present at the time diabetes is diagnosed. People with type 2 diabetes can often initially manage their condition through exercise and diet. However, over time, most people will require oral drugs and/or insulin.

Both type 1 and type 2 diabetes are serious. There is no such thing as mild diabetes.

Gestational diabetes (GDM) is a form of diabetes consisting of high blood glucose levels during pregnancy. It develops in one in 25 pregnancies worldwide and is associated with complications to both mother and baby. GDM usually disappears after pregnancy, but women with GDM and their children are at an increased risk of developing type 2 diabetes later in life.

Maintaining blood glucose levels, blood pressure and cholesterol at or close to normal can help delay or prevent diabetes complications. Therefore, people with diabetes need regular monitoring.

Source: International Diabetes Federation www.idf.org

Contacts:

M Pharmaceutical Inc.

Investor Relations

Info@m-pharma.ca

www.m-pharma.ca

 

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Poydras Gaming Finance Poised to Capitalize on Growing Tribal Gaming Industry http://financialpress.com/2015/02/17/poydras-gaming-finance-poised-to-capitalize-on-growing-tribal-gaming-industry/ http://financialpress.com/2015/02/17/poydras-gaming-finance-poised-to-capitalize-on-growing-tribal-gaming-industry/#comments Tue, 17 Feb 2015 15:00:32 +0000 http://financialpress.com/?p=46354 Poydras Gaming Adds 600 Slot Machines to Growing Portfolio -

By Financial Press

According to the 2014 Indian Gaming Industry Report – U.S. Indian gaming facilities, including non-gaming operations, directly and indirectly generated 679,000 jobs and $91 billion in output. Slot machines generate about 70% of direct gaming revenues.

Poydras Gaming Finance (PYD-TSX.V) is focused on leasing and financing slot machines and related capital expenditures for casinos and gaming machine suppliers in the United States.

PYD owns and finances slot machines in Oklahoma and has a financing agreement with a gaming machine supplier based out of California. California and Oklahoma are the two largest states in terms of gaming revenue at Tribal casinos, generating a combined 38% of revenue.

“The bulk of our machines are currently located in Native American owned casinos in Oklahoma,” stated Poydras CEO Peter Macy in an exclusive interview with Financial Press, “We buy machines from manufacturers and place them on a casino floor, using a revenue-sharing model. In some cases we also finance complementary capital expenditures – like renovations or expansion”.

Growth in the gaming industry is driven by regional markets, and Oklahoma is a regional powerhouse, drawing players from surrounding states. Gaming revenue in Oklahoma has increased 15% over the most recent two year period for which data is available.

Poydras has a definitive agreement to acquire the Integrity Companies, a third-party provider of slot machines to Native American casinos, for $17 million in a combination of cash, stock and assumed debt. The acquisition is expected to add $5.5-$6.5 million of incremental annual EBITDA to Poydras’ bottom line.

“Casinos typically do not have access to capital or the equity markets,” explains Macy, “That provides us with an opportunity to put in cash-generating machines while helping the casinos remain competitive”.

In 1976, The Supreme Court ruled that states have no authority to tax or regulate activities on reservations. Within a few years, Native American tribes began to operate bingo halls and casinos.

“Native American tribes are viewed as sovereign states,” stated Macy, “Therefore they don’t pay federal taxes and very little in the way of state taxes. That is a big competitive advantage, but it does not create easy access to capital.”

Macy explains that no individual or institution can own equity in a casino – except the tribe that it benefits. That constraint eliminates the equity market. And the gambling regulatory environment is too complex for most private equity funds.

“You cannot foreclose on a Native American casino and take over the operations,” stated Macy, “By federal law the only entity that can operate it is the Native American tribe.”

This regulatory and fiscal environment has created a unique opportunity for Poydras.

“As a public company, we are focussed on de-risking our shareholders’ money,” stated Macy, “so we need a workable scenario if the relationship breaks down. We have never had a problem, but if we did, we would simply remove our machines from the building. We receive equity-like returns with an investment that is fundamentally secured.”

On January 13, 2015 Poydras, in partnership with the Integrity Companies, entered into a long-term gaming machine placement agreement with the Tonkawa Tribe of Indians of Oklahoma.  Poydras and Integrity will provide 600 Class III gaming machines and up to $5.5 million in funding for the renovation of the Native Lights Casino. The placement agreement is expected to generate approximately $6 million in annual revenue for Poydras.

“We’re anticipating closing the deal by late March, 2015,” stated Macy, “Gaming deals require normal exchange approvals but we also have to satisfy the regulatory bodies for each Native American tribe. So we have 25 licenses that need to be approved. Complex financing is part of the DNA of Poydras and the process is going smoothly.”

The deal adds about $5 million cash flow to Poydras’ bottom line. Macy likes the business model because the operational expenses are easy to control. The casino is responsible for taking money out of the machine every day. If someone spills a beer on a machine and it shorts out, Poydras has to fix it. But the direct costs are extremely low – around 10% of revenue.

Typically, new machines cost $15,000 to $20,000. High quality used machines go from $8,000 to $14,000. Macy expects about a 3 year payback on the acquired machines.

“There are about 900,000 slot machines in the US,” stated Macy, “150,000 of those machines are in our currently addressable markets. We think 5,000 machines is achievable in three years. We are already halfway to that with just organic expansion.”

There are currently 470 Indian gaming operations in the United States generating about $30 billion in gaming revenue, and Indian gaming operations continue to account for a larger percentage of the US gross gaming revenue.

Poydras is currently trading at .09 with a market cap of $11.8 million.

Contact:

Poydras Gaming Finance Corp.

Peter Macy, CEO,

Phone: (604) 683-8393,

Email: info@poydrasgaming.com

 

Legal Disclaimer/Disclosure: This document is not and should not be construed as an offer to sell or the solicitation of an offer to purchase or subscribe for any investment. Financial Press makes no guarantee, representation or warranty and a fee has been paid for the production and distribution of this Report.

 

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Aldrin Partners with Take-Over Target Fission Energy http://financialpress.com/2015/02/10/aldrin-partners-with-take-over-target-fission-energy/ http://financialpress.com/2015/02/10/aldrin-partners-with-take-over-target-fission-energy/#comments Tue, 10 Feb 2015 13:30:02 +0000 http://financialpress.com/?p=46314 Founding CEO of FCU joins Aldrin TeamBy Financial Press

If it is true that you are known by the company you keep, Aldrin Resources (ALN-TSX.V) social status just made a quantum leap upward.

On February 5, 2015 Aldrin announced an agreement to purchase 50% of Fission 3.0 (FUU-TSX.V) Key Lake Uranium Package for $6.9 million staged expenditure. Four days later Dev Randhawa, Chairman and CEO of Fission 3.0., joined the board of Aldrin.

Mr. Randhawa is a messiah in the uranium space. He is the founding CEO of Fission Uranium Corp.(FCU-TSX)(FCUUF-OTC) – a $435m market cap uranium exploration company that owns the Triple R deposit at PLS in the Athabasca Basin. Mr. Randhawa was also the founding CEO of Fission Energy Corp.

“I am looking forward to helping Aldrin’s team progress their projects in Saskatchewan,” stated Randhawa, “Including the recently announced joint venture between Aldrin and Fission 3.0 on the highly prospective Key Lake property package”.

The Key Lake package contains five separate properties comprising 61 mineral claims covering about 18,000 hectares. The claims are sitting in the same group of basement rocks that host the major uranium deposits on the eastern side of the Athabasca Basin. A near-by Key Lake open pit uranium operation produced 209.8 million pounds from 1983 to 2002.

“In the last 24 months we’ve executed a successful drill program on our Triple M Property in the Athabasca Basin,” states Aldrin CEO, Johnathan More in an exclusive interview with Financial Press, “But the addition of the Key Lake Property creates a new horizon for our shareholders.”

Northern Miner Magazine’s 2013 ‘Mining Person of the Year’, Randhawa has recently resigned from another junior explorer. After a careful look at the players in this basin, he appears to be placing his bet on Aldrin.

“Mr. Randhawa knows the basin, he knows uranium, and he knows the Aldrin team,” confirmed More, “It’s a strategic partnership that I believe is going to deliver significant dividends.”

“As a project generator, we identify and acquire properties that have the potential to host high-grade uranium,” stated Randhawa, “our JV partners provide the financing, while our technical team, led by COO and Chief Geologist Ross McElroy, operates the project”.

Having discovered two major deposits in four years, Fission’s technical team has developed a proprietary model for finding uranium through airborne radiometrics, radon gas surveys and geophysics.

“Key Lake has the potential for near-surface, high-grade mineralization in basement rock,” stated McElroy, “We are going to utilize the in-house skills and techniques we’ve developed in recent years when we begin exploration this year.”

Although the uranium sector has been caught in a downdraft since the 2011 Fukushima Power Plant malfunction, global energy usage trends indicate that demand will sky rocket.

According to the World Nuclear Association there are currently 435 nuclear reactors connected into national grids, 67 are under construction, 164 on order and 317 proposed.

“The Athabasca basin will be the biggest source of uranium for the whole world,” predicted Energy Guru Thomas Drolet in a Financial Press Interview, “Aldrin is distinguished by its location, size and the geological indicators which suggest there is a strong potential for an economic uranium mine.”

Location, location, location. Key Lake is in the vicinity of the 2012 Patterson Lake discovery on the western side of the Athabasca Basin.

Patterson Lake is a shallow deposit, amenable to an open pit, located in basement rock that is typically easy to mine. Analysts unanimous agree that Fission’s PLS discovery is one of the most significant uranium finds in decades.

The deposit contains an estimated 80 million pounds of ‘indicated’ uranium and about 25 million pounds of ‘inferred’. More than 50% of the resource sits in a high-grade zone that can be mined at low cost.

In a recent communication, Dundee Capital Markets analyst David Talbot called the Fission resource numbers ‘truly phenomenal.’

Fission buy-out rumours involving Rio Tinto (RIO-NYSE) and Teck Resources (TCK-NYSE) have now reached deafening levels, but Randhawa has stated that he is in no rush to do a deal as Fission continues to expand its resource.

“We don’t control if someone comes and makes a run at us,” stated Randhawa, “But we are ready for it if someone does.”

This backdrop is significant for Aldrin shareholders because explorers like Randhawa and McElroy will shift their focus quickly after a buyout and the Key Lake Property is geographically and geologically positioned to take center stage.

Aldrin is trading at .20 with a market cap of $4 million.

Contact:

Aldrin Resource Corp.
Johnathan More
604-687-7741
604-681-0796
info@aldrinresourcecorp.com

www.aldrinresourcecorp.com

Legal Disclaimer/Disclosure: This document is not and should not be construed as an offer to sell or the solicitation of an offer to purchase or subscribe for any investment. Financial Press makes no guarantee, representation or warranty and a fee has been paid for the production and distribution of this Report.

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Diabetes Spending Doubles in 20 Years http://financialpress.com/2015/02/04/diabetes-spending-doubles-in-20-years/ http://financialpress.com/2015/02/04/diabetes-spending-doubles-in-20-years/#comments Wed, 04 Feb 2015 17:55:54 +0000 http://financialpress.com/?p=46282 M Pharmaceutical ‘Mosquito’ Automates Conventional Blood Sampling –By Financial Press

According to a new study by the Centers for Disease Control and Prevention (CDC), the cost of managing diabetes has doubled in the past 20 years.

In the last half decade major bio-tech companies have placed big bets on diabetes treatment include Merck (MRK-NYSE) – up 62%, Eli Lilly (LLY-NYSE) – up 110% and Novo Nordisk (NVO-NYSE) – up 220%. Much of this research has focussed on replacing blood sampling protocols.

M Pharmaceutical (MQ-CSE) device, the ‘e-Mosquito’ – uses cutting edge micro-electromechanical systems to create a patch-like structure that can bite through the skin, extract a miniature blood sample, and analyze it instantly – reporting the results wirelessly to the patient or a 3rd party.

“The e-Mosquito penetrates the skin and takes a blood sample in a mosquito-like fashion, reaching the capillaries, but not the nerve endings,” confirms MQ inventor and Director, Dr. Martin Mintchev, in an exclusive interview with Financial Press.

Dr. Mintchev is globally revered inventor who has authored more than 150 peer-reviewed biomedical publications and has 15 issued or pending patents, eight of which are licensed by major companies. Mintchev has an international reputation for harnessing scientific innovation to commercial applications.

“The medical scientific community has been chasing the holy grail of automated monitoring and treatment for diabetics,” explains Mintchev, “They are trying to create a world in which diabetics can live exactly like non-diabetics and forget that they have the disease. But these radical new ideas have not gained traction in the marketplace”.

Subcutaneous implantation, for instance, still requires calibration by finger pricking. Mintchev feels that being realistic is a better business strategy than being radical.

“Blood sampling is still the best way to monitor glucose levels,” confirmed Mintchev, “So the challenge is to make a significant technological advance – accepting the premise that blood sampling is here to stay.”

Currently, diabetics are required to prick their fingers multiple times a day, extracting a small blood sample, and then attaching a sensor to it that will measure the glucose level.

“The patient has to perform each action, typically in the corner of a room or a washroom,” stated Mintchev, “It is an onerous burden, particularly for the elderly, the blind and children.”

The e-Mosquito will replace a cumbersome invasive series of processes with an autonomous device that will do the work painlessly in the background.

 

Mintchev has received advanced degrees in electronics from Bulgaria, and he has a PhD in biomedical engineering from the University of Alberta. He is currently a professor of Biomedical Engineering at the University of Calgary and an Adjunct Professor of Experimental Surgery at the University of Alberta.

 

“With the Phase One of the Mosquito we’ll be able to say, ‘look wear this bracelet and it will silently and painlessly monitor your glucose level throughout the day,’” stated Mintchev, “The patient will maintain a glucose range without the logistical challenges of finger pricking. That will be a significant improvement in care for Type 1 and Type 2 diabetics.”

 

Mintchev anticipates that Phase Two will employ the same bio-mechanical technology to administer insulin which is currently being developed. The vision behind Phase Two is to have the e-Mosquito be an out of body, fully functioning pancreas.

“That is my plan for the future,” stated Mintchev, “In the morning the patient will put on two cuffs, one for monitoring and one for the administration of insulin. It would be minor inconvenience, delivering a higher level of medical care.”

Mintchev anticipates that the e-Mosquito will be free and the device will be monetized through the sale of proprietary replaceable parts such as the daily mosquito needles and testing strips. He intends that the cost of each ‘bite’ (blood sample) should not exceed the cost of two conventional finger pricks.

“I do not want the Mosquito to be a luxury item,” confirmed Mintchev, “I also do not want to promote the illusion that some magic diabetes management tool is around the corner that will be totally non-invasive. Billions of dollars have been spent trying to achieve that result, and it hasn’t worked.”

Globally, approximately 400 million people are afflicted by diabetes and of those 400M, roughly 10% are Type 1 and another 20% are type 2 insulin-dependant. M Pharmaceutical is targeting near to 100 million of the 400 million people afflicted worldwide.  Unfortunately, diabetes seems to be a growing affliction at around 5-8% annually. It is now coming to light that a large portion of the populous suffering from diabetes are now located in developing markets. China alone has 92 million diabetics; while India’s diabetic population is over 50 million.

With the advancement of Micro-Electro-Mechanical Systems (MEMS) it becomes possible to integrate all of the Mosquito’s components into a cuff-based wearable device.

The Mosquito offers a convenient solution to all Type 1 diabetic patients who are required to perform blood glucose level testing and insulin-dependent Type 2 diabetic patients. Its three core benefits are: autonomous operation without patient involvement, no fingerpicking pain and inconvenience, and capability of third party monitoring, which could be particularly valuable for children, elderly and or the blind.

According to the World Health Organisation, diabetes causes five million deaths per year while costing $540 billion in annual health-related expenses, including treatment, medications and loss of productivity.

MQ has been listed for less than a week and is still flying under the radar of most brokers and retail investors.

The company is currently trading at .025 with a market cap of $2 million.

Contact Information:

M Pharmaceutical Inc.

Investor Relations

604-428-0511

info@m-pharma.ca

http:@m-pharma.ca

Legal Disclaimer/Disclosure: This document is not and should not be construed as an offer to sell or the solicitation of an offer to purchase or subscribe for any investment. Financial Press makes no guarantee, representation or warranty and a fee has been paid for the production and distribution of this Report.

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Massive Uranium Numbers Re-Ignite Buy-out Rumours http://financialpress.com/2015/01/28/massive-uranium-numbers-re-ignite-buy-out-rumours/ http://financialpress.com/2015/01/28/massive-uranium-numbers-re-ignite-buy-out-rumours/#comments Wed, 28 Jan 2015 13:25:11 +0000 http://financialpress.com/?p=46259 Micro-Cap Makena Resources Develops Uranium Project Adjacent To Discovery –-By Financial Press

Interview with Negar Adam, President, Director
Makena Resources(MKN-TSX.V)(CANSF-OTC)

On January 9, 2015 Fission Uranium Corp. (FCU-TSX.) released a maiden resource estimate for its Triple R Deposit at Patterson Lake South, Saskatchewan that radically exceeded the projections of all uranium analysts.

The deposit contains an indicated uranium resource of 79.6 million pounds U3O8, plus an inferred resource of 25.9 million pounds for a total resource of 105 million pounds. The estimate has heated up rumours of an FCU buyout – which could have significant ramifications for other uranium explorers adjacent to the discovery.

One of the smallest of these companies – and arguably the most leveraged is Makena Resources(MKN-TSX.V)(CANSF-OTC), whose Patterson property directly border Fission’s Patterson Lake discovery.

“Our Patterson land package is bordering the Fission discovery,” confirmed Makena President and Director Negar Adam in an exclusive interview with Financial Press, “We believe this may have caught the attention of the market and is giving Makena a wider audience.”

Makena is about to conduct a gravity survey on its property for the first time, with the intention of defining drill targets by March 2015.

Buyout candidates for FCU include Denison Mines Corp. (DML-TSX), the Lundin backed uranium producer that has expansion ambitions in the Athabasca Basin. Cameco Corp. (CCO-TSX), Canada’s largest uranium company, is another potential buy-out candidate. Cameco bid for Hathor’s Roughrider deposit in 2011 but lost to Rio Tinto.

“Many investors who would profit if a buyout occurs are likely going to look in the Patterson district again, and more than likely will look at the juniors in the area. We may potentially be looking at up to $500 million of unallocated investment capital that may be reinvested in the Patterson district. As Makena has a current market capitalization of less than $2 million, management feels that Makena may potentially benefit from some of these funds considering we directly border this discovery,’” stated Adam.

Makena has recruited uranium legend Dr. Schimann to its advisory board. From 1977 to 1997, Schimann was employed by French uranium giant AREVA as a Senior Geologist, where he was a key member of the team that discovered the massive Cigar Lake uranium mine. Ten of Schimann’s years at AREVA were spent in uranium exploration and mine development, mainly in the Athabasca Basin.

“Adding a uranium geologist with Dr. Schimann’s experience and pedigree within the Athabasca Basin to our advisory committee demonstrates Makena’s focus on developing the Patterson Block of properties,” stated Adam, “With Dr. Schimann involved, we are even more optimistic about the ability to develop this uranium project.”

Combining magnetic and the electromagnetic data, three structures have been mapped on the Patterson Uranium Property. Two of these structures trend NW and one trends NE. The basement is estimated to be at a depth of about 150 metres, based on historical drill holes within the property and adjacent to it.

“We have multiple targets that we are in the process of testing,” stated Schimann, “The identified structures are often associated with uranium mineralization. The upcoming ground survey and drill program will reveal whether these anomalies have associated uranium mineralization.”

Makena appears to be part of a rising tide. Uranium prices have been suppressed by surplus inventories created by Japan’s 50 shut down reactors. Japan will begin restarting these nuclear plants in 2015.

China has 28 nuclear reactors under construction, with another 49 planned and 120 proposed. Vietnam, Turkey, Indonesia, Egypt and Kazakhstan are all building their first reactors.

According to the World Nuclear Association, Global uranium demand will rise 48% by 2023.

“In the future, the Athabasca Basin will be the biggest source of uranium for the whole world,” stated Uranium Guru Thomas Drolet in a recent interview with Financial Press.

Major mines in the Athabasca Basin include McArthur River (16.5% U3O8), Maclean Lake (50 million lbs produced), Rabbit Lake (186 million lbs produced), Cigar Lake (22.3% U3O8), Cluff lake (60 million lbs produced).

Nuclear power is the cleanest form of energy on the planet. Cities need a reliable supply of electricity. Renewable energy stops delivering when the wind doesn’t blow or the sun doesn’t shine. Coal is not clean. That leaves a big role for nuclear energy.

“Makena currently has one of the smallest market capitalizations of any company that borders the Fission Discovery,” stated Adam, “We are hopeful that the next exploration phase could significantly advance the valuation of our project.”

Fission Uranium’s latest resource estimate has confirmed that the discovery is real and it appears only a matter of time before they will be bought out. FCU’s current market capitalization is $430 million. The buy-out figure for FCU is projected to be half a billion to $700 million.

Makena is currently trading at $0.04 with an approximate market cap of $1.45 million.

Contact:

Makena Resources Inc.
Negar Adam
President, Director
1.604.685.5150
1.604.689.1733

 

Legal Disclaimer/Disclosure: This document is not and should not be construed as an offer to sell or the solicitation of an offer to purchase or subscribe for any investment. Financial Press makes no guarantee, representation or warranty and a fee has been paid for the production and distribution of this Report.

 

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Expectations on Stimulus Fuel Hope For Copper Demand http://financialpress.com/2015/01/26/expectations-on-stimulus-fuel-hope-for-copper-demand/ http://financialpress.com/2015/01/26/expectations-on-stimulus-fuel-hope-for-copper-demand/#comments Mon, 26 Jan 2015 15:52:40 +0000 http://financialpress.com/?p=46256 Copper North Finds $200 Million of Precious Metal in Copper Project –

By Financial Press

Fitch Ratings has predicted that sustained Chinese demand will protect copper prices from a sharp sustained fall. While Chinese GDP growth is slowing, armies of cranes still clutter the skyline, and monthly copper imports are holding steady. “Copper is unlikely to see the same extended decline as oil and iron ore,” the Fitch report stated.

Copper North (COL-TSX.V) has unveiled a new processing plan for the recovery of copper, gold and silver at Carmacks project in the Yukon.

“Since taking over this project in March 2014, I have been working on three principal objectives to change the economics of the project from average to spectacular,” stated President, CEO and Director Dr. Harlan Meade in an exclusive interview with Financial Press.

The first objective was to establish gold and silver credits. COL now has a Measured & Indicated mineral resource containing 133,700 ounces payable gold and 1,279,000 ounces payable silver.

“At today’s spot prices that is close to $200 million dollars of precious metals that were unaccounted for in previous economic modelling,” stated Meade.

The second objective was to reduce production cash costs. The gold and silver recovery creates a projected 28% increase in life-of-mine net revenue – reducing cash costs from US$1.60 per pound of copper to US$1.07 per pound.

“On a graph with our global peers, that moves us from the middle of the cost curve, to the very bottom,” stated Meade “This significantly de-risks the mine because we will still be profitable at much lower copper prices.”

The third objective was to improve the short and long term financial health of the Copper North.

“When I took over ten months ago, Copper North was $1.5 million in arrears,” stated Meade “Shortly it will be debt free and have enough cash to cover expenses and fund on-going feasibility work. We are exploring gold and silver metal streaming transactions to fund project development. This would enable us to raise a big chunk of the capex of the mine, without share dilution or hedging of the copper.”

A pilot test program confirms that the oxide mineral resources at Carmacks can be optimized using an “agitated tank leach” for both copper and the gold and silver.”

Meade cites three reasons why the agitated leach is an important milestone. “One, we do not need to grapple with the environmental stigma around leach pads. Two, it eliminates logistical challenges that come from maintaining a leach pad during extreme winter conditions. Three, it removes a number handling steps and provides more operational control to optimize recovery.”

The agitated tank leach is a contained system with a small footprint. The July 2014 Preliminary Economic Assessment projects a capital cost reduction for the mine of about 30%. The new target is about $150 million.

“Leaching of heaps in winter was a concern – tank leaching eliminates the concern,” stated Meade, “With the new system we are getting leach times of less than 24 hours. With agitated tank leach and elimination of heap leach pads we reduce the Capex by about $75 million and get rid of a lot of tricky and costly procedures to operate it. It is also much cleaner environmentally and gives us additional process control.”

The New Process Plan consists of three-stage crushing, followed by rod mill grinding. The ores are then placed in an agitated tank with weak sulphuric acid. The leachate is pumped to electrowinning plant for recovery of cathode copper. The copper cathode can be sold directly to end-users for fabrication.

Residues from the cyanide circuit undergo destruction prior to deposition in a dry stacked waste facility. Dry stacked tails are a preferred means of storing waste as it eliminates the need for a tailings pond.

Copper North’s has engaged the Beijing General Research Institute Of Mining and Metallurgy, and they have begun design work for the agitated leach process as part of a Prefeasibility Study to be completed by the end of Q2, 2015.

Improvement of recoveries and advance revenues from precious metals and the opportunity to enter into metal streaming contracts, have radically improved the economics of the Carmacks project.

The proposed mining area consists of multiple zones spanning approximately 600 metres of the main structure. The mineral resources include 11.98 million tonnes of Measured and Indicated resources grading 1.07% copper, 0.456 g/t gold and 4.58 g/t silver.

“The 2014 exploration program confirmed the opportunity for significant expansion of both oxide and sulphide mineral resources. A larger program is being planned for 2015 with the goal to expand the oxide mineral resources in pursuit of extending the potential mine life.”

The Carmacks project is only 30 km off the Alaska Highway. There are power lines 9 kilometers from the property providing electricity at about 9.5 cents per kilowatt/hour – 30% of the cost of diesel generation.

Reduced transportation costs are another advantage for Copper North. The Carmacks project will generate 99.9% pure copper on site. It will not have to truck concentrate to a smelter. The company will be loading 400 pound copper plates onto the back of a flatbed truck.

Production is forecast is 30 million pounds of copper a year, 17,000 ounces of gold, and 165, 000 ounces of silver. The combined revenue from the metals at current spot prices is about $105 million per year.

Copper North is currently trading at $0.06 with a market cap of $6.9 million.

Contact:

Copper North Mining Corp.
Dr. Harlan Meade
President and Chief Executive Officer
604 398 3451
info@coppernorthmining.com

www.Coppernorthmining.com

Legal Disclaimer/Disclosure: This document is not and should not be construed as an offer to sell or the solicitation of an offer to purchase or subscribe for any investment. Financial Press makes no guarantee, representation or warranty and a fee has been paid for the production and distribution of this Report.

 

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Gold Set to Soar in 2015 http://financialpress.com/2015/01/21/gold-set-to-soar-in-2015/ http://financialpress.com/2015/01/21/gold-set-to-soar-in-2015/#comments Wed, 21 Jan 2015 15:20:16 +0000 http://financialpress.com/?p=46248 Gainey Capital Generates Cash Flow With Gold Mill in Mexico  –By Financial Press

So far, gold is having a good year. In 2015, the spot price of gold is up 6%, ishares Silver Trust (SLV-NYSE) is up 12% and the gold junior ETF (GDXJ-NYSE) has surged 20%. The combined assets of SLV and GDXJ are now $6.7 billion.

The U.S. Mint has also set a new sales record for its American Eagle silver bullion coins, with sales of 43 million coins. Physical bar & coin consumption is now 46% of industrial demand – a 500% increase in the last six years.

The most successful junior metal companies are generating cash by processing gold from 3rd party miners. The share price of Inca One (IO-TSX.V) – operating a gold milling facility in Peru – is pushing a 52-week high. Dynacor (DNG-TSX) Mines also operates a gold ore-processing business. Its share price has risen from .20 to $1.65 in the last 5 years – an increase of 1,300%.

Gainey Capital (GNC-TSX.V) (OTCQX: GNYPF) is a junior gold/silver company following the same business model as Inca One and Dynacor. The cash positive company is a toll-processor and exploration company operating in Mexico.

“Last year we spent about $500,000 upgrading our systems to optimal efficiency,” stated Gainey CEO & Director David Coburn in an exclusive interview with Financial Press, “Negotiations for long-term milling contracts are ongoing and include mom-and-pop mining operations in Mexico and publically traded miners.”

Gainey plans on Bulk Sampling 30,000-60,000 Metric Tons of Material through its 300 TPD Mill/Processing Center in 2015. Revenues are projected around $5.8 million USD with EBITDA in the 35% level. GNC employs a conservative $940 an ounce gold benchmark in analyzing the economics of processing/bulk sampling from its fully owned Mineralized zones. The 300 tpd facility is planned to be increased to 600 tpd by the end of Q4 2015.

Gainey’s mill/processing center is the only one in the region to include a gravimetric/flotation processing center, which optimizes gold and silver recovery rates.

“Gravitational separation is a cost effective system that uses an inclined table with a shaker to move the material along a table,” explained Coburn, “The combination of gravitational separation and floatation achieves extremely high recovery rates.”

Gainey’s best-in-class mining team includes former Barrick Gold management Jorge Valenzeula Cantua a Mexican silver veteran who has strong ties to the local community, exploration leaders Minera Cascabel and MAG Silver’s Dr. Peter Megaw and technical board member Larry Segerstrom who was the Geological Manager for Freeport McMoRan at Grassberg, one of the largest gold mines in the world.

“Our proximity to power, transportation, water and skilled labor has kept operating costs well below industry standards,” stated Coburn, “We are connected directly to the federally operated power grid.”

The water systems have also been upgraded with new pumps and motors. With power and water issues solved, Gainey is projected to maintain below-industry operating costs in the future.

The mill/processing center is located 15 kilometers on a paved road from Highway 15 South, which is a main Federal highway connecting the many ports and airports to the USA. It is only 5 km from a large military base, ensuring high security and a strong supply of skilled labor.

“We’ve formed a strong relationship with the local Huajicori community, which has been supplying skilled and unskilled labor,” stated Coburn, “We are also renting equipment from them, which has saved money and strengthened our working relationship.”

Gainey’s flagship El Colomo property is about 19,000 hectares. A detailed prospecting program around the main vein systems will be announced by the middle of February, 2015 and will commence in Q1 2015. With dozens of visible outcrops of substantial size, prior exploration delivered grades as high as 13.75 grams per tonne gold equivalent.

Gainey’s strategy of combining toll processing and exploration activities mitigates risk by generating revenues from the mill to fund exploration and development in this mineral rich area of Sierra Madre in western Mexico.

Gainey’s largest single investor is Mexican billionaire Ernesto Echavarria who operates a conglomerate of companies close to El Colomo.

Gainey’s mill/processing center is paid in full and is currently processing ore. By the end of 2015, the company intends to process its own ore and become a fully sustainable mining/processing company with positive revenues from its own gold/silver production.

“We have about $2.5 million in cash and no underlying debt,” stated Coburn, “Optimizing relationships with metal producers in the area and ramping up tonnage at our modern processing facility, we are positioned to become a profitable gold and silver producer in 2015.”

To date, GNC has delivered on its publically stated financial and operational milestones.

Gainey Capital is currently trading at .25 with a market cap of $5.94 million.

For information, please contact the Company:
Phone: +1 602-315-1231
E-mail: info@gaineycapital.com
Website: www.gaineycapital.com

Legal Disclaimer/Disclosure: This document is not and should not be construed as an offer to sell or the solicitation of an offer to purchase or subscribe for any investment. Financial Press makes no guarantee, representation or warranty and a fee has been paid for the production and distribution of this Report.

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How to Reduce Exploration Risk to Zero http://financialpress.com/2015/01/14/how-to-reduce-exploration-risk-to-zero/ http://financialpress.com/2015/01/14/how-to-reduce-exploration-risk-to-zero/#comments Wed, 14 Jan 2015 15:15:31 +0000 http://financialpress.com/?p=46234 Inca One Generates Cash from Gold Mill in Peru By Financial Press

In the last two years, Peru’s government has aggressively reigned in and regulated 200,000 small scale miners – establishing environmental controls and creating tax revenue from the massive rogue industry.

Prior to the new regulation, an estimated two million ounces of untaxed gold was produced every year in Peru – creating a $2.9 billion hole in Peru’s GDP.

The new mining legislation in Peru has created a perfect storm of opportunity for Inca One (IO-TSX.V) – a Canadian-based resource company with a gold milling facility in Peru. Bucking a downward trend in junior precious metal companies, IO’s share price is pushing a 52-week high.

“The rules in Peru create something of a captive market for Inca One,” confirms influential Gold Newsletter Publisher Brien Lundin in the summer 2014 issue.

“The easiest way to explain what we do is to use a forestry analogy,” stated Inca One President and CEO Edward Kelly in an exclusive interview with Financial Press, “The miners are the loggers. Inca One is a pulp mill. We buy raw product from a variety of sources and process it into gold – not paper.”

Construction of Inca One’s 100 tonne per day milling plant is complete. The new machinery is being broken in – in the same way that you break in new car. Initial teething problems – like bearings heating up – are now fixed. The company is currently processing about 40 – 50 tonnes of ore a day, ramping up steadily to full capacity.

“We do not stake land, run seismic or drill,” confirms Kelly, “Inca One just makes gold, at a healthy margin.   Our risk is metallurgical, not geological. We need to run the mill efficiently to be profitable, and that is where our focus is.”

Inca One recently hired Carlos Santana as Chief Metallurgist for the Chala One gold milling plant. Mr. Santana, who has a Chemical Metallurgy degree, is joining Emilio Ortiz and Jaime Polar, two mill operating managers with extensive previous experience at Barrick Gold Corp.

“We anticipated grades of 15 grams per tonne,” stated Kelly, “But we are getting 27 grams per tonne. This means that we have to leave the ore in the tanks longer than we projected. The unanticipated high grades have slowed us down a little. It’s a good problem to have.”

Peru is one of the world’s top producers of gold, with substantial production coming from artisanal miners who now need government permitted milling facilities to process their ore.

“’Artisanal Miner’ is a term that need to be qualified in Peru,” explains Kelly, “These are not Mom & Pop operations panning for gold with dinner plates. It is a huge multi-billion dollar business. While building our company I have met hundreds of these so-called ‘artisanal miners’ and they are usually business-savvy millionaires.”

 

IOO Kelly states that a typical miner that trucks ore to the Inca One facility is extracting 10 tonnes of ore a day, at over 1 oz. per tonne – that’s about $100,000 a week of bullion. The scale of the operations and the money that is being made in Peru is significant.

“The price we pay for the ore is based on the closing price of gold in London that day,” stated Kelly, “Since it takes 30 days to extract the gold, we take a discount to hedge against a drop in the spot price. And we also charge for the metallurgy, the toll milling fee, and chemical fees. With gold at $1,250 an ounce, we will keep roughly $550 and the miner will keep $700.”

Inca One is currently processing about 30 tonnes per day – generating about $15 million a year in projected sales. In the next 60 – 90 days, the processing volume expected to more than triple.

The only comparable to Inca One is Dynacor Mines (DNG-TSX.V) that also has a gold ore-processing business in Peru. Its Dynacor’s plant has maximum capacity of 250 tonnes per day. The company also has an exploration project. Dynacor’s share price has risen from .20 to $1.60 in the last 5 years – an increase of 1,300%.

“The, chemical companies, shippers, security firms and government agencies. We have built intricacy of our business gives us some insulation against competition,” stated Kelly, “There are a lot of moving parts to running a mill in Peru. We have relationships with miners, metallurgists, labs, truckers what I would call a proprietary skill set. It is now part of the DNA of our company and we plan to replicate it in other parts of Peru.”

Inca One is currently trading at .225 with a market cap of $14.75 million.

 

Legal Disclaimer/Disclosure: financial A fee has been paid for the production and distribution of this Report. This document is not and should not be construed as an offer to sell or the solicitation of an offer to purchase or subscribe for any investment. No information in this article should be construed as individualized investment advice. A licensed advisor should be consulted prior to making any investment decision. Financial Press makes no guarantee, representation or warranty and accepts no responsibility or liability as to its accuracy or completeness. Expressions of opinion are those of the authors only and are subject to change without notice. Financial Press assumes no warranty, liability or guarantee for the current relevance, correctness or completeness of any information provided within this article and will not be held liable for the consequence of reliance upon any opinion or statement contained herein or any omission. Furthermore, we assume no liability for any direct or indirect loss or damage or, in particular, for lost profit, which you may incur as a result of the use and existence of the information, provided within this article.

Also, please note that republishing of this article in its entirety is permitted as long as attribution and a back link to financialpress.com are provided. Thank you.

Contact:

For More Information

Kin Communications Inc.
Email contact
1-866-684-6730
1-604-684-6730
Email contact

 

 

 

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Headlines Signal Bear Market Bottom for the Canadian TSX-Ventures Exchange http://financialpress.com/2015/01/12/headlines-signal-bear-market-bottom-for-the-canadian-tsx-ventures-exchange/ http://financialpress.com/2015/01/12/headlines-signal-bear-market-bottom-for-the-canadian-tsx-ventures-exchange/#comments Mon, 12 Jan 2015 15:30:34 +0000 http://financialpress.com/?p=46216 Dajin Resources Cited in Landscape of ‘Good Buys’By Financial Press

Historical evidence is mounting that TSX Venture Exchange has now hit bottom, and investors have a rare opportunity to create wealth by investing in good companies and catching a rising tide.

We sat down with capital market veteran Ron Loewen to discuss the potential to create wealth in the current market. Loewen specializes in funding and restructuring public resource companies.

“I’m a technical contrarian by nature,” states Loewen in an exclusive interview with the Financial Press, “I seek value and I make money where it is there to made – including shorting overvalued stocks.”

“The TSX Venture Exchange can be a difficult animal to understand and to predict,” admits Loewen, “When times are bad, it’s hard to make aggressive decisions. Part of us always feels, ‘it’s different this time’ ‘things won’t get better’. But the history of the TSX.V proves – not just that they will – but they always do.”

Loewen stresses that it is human nature to have a ‘herd mentality’ and not think rationally. ‘A herd appears to act as a unit,’ explains evolutionary biologist, W. D. Hamilton, ‘but its function emerges from the uncoordinated behavior of self-seeking individuals.’

“It’s sad, but we need bear market bottoms to purge investors, brokers and weak public companies out of our industry,” explains Loewen, “Negative headlines of broker layoffs, over regulated markets, sinking commodity prices and general despair are the signal that we have reached the bottom and are about to enter a new bull market.”

‘Buy on Bad News – Sell on Good News.’ It’s easy to say, harder to do. Historical data confirms that when a stock index plummets dramatically on what seems like never ending bad news, it will rebound just as dramatically. And for more than 30 years, widespread negative newspaper headlines have been an accurate predictor of Canadian Venture Exchange market bottoms.

DJI F

 

To see the full infographic by Visual Capitalist click here.

 

To illustrate his point, Loewen retrieves News Headlines from his research files on other bear market bottoms and we begin to see a trend.

Just prior to the stock market bottom of 1982: “VSE Twisting In Economic Winds”, “Vancouver Stock Exchange Closes Lower For 27th Consecutive Day,” “Index Passes Another Milestone On Its Downward Path.”

Just prior to stock market bottom of 1984: “Economic Slump Leaves VSE Reeling,” “VSE Is The Last Vegas Of North American Stock Exchanges,” “VSE Slide May Be Worse Ever In Canada”

Prior to market bottom of 1989: “Scam Capital Of The World,” “VSE In Free Fall,” “Gold Falls To $370,” “VSE Plummets To All Time Low”.

From 2013/2014: “TSX Venture is Broken”. “US Dealer Shutters Toronto and Calgary Offices Amid Gold Slump.” “Investors Run For Cover” etc.

When pressed about the sectors he is following, Loewen mentions lithium where acquisitions and takeovers with senior lithium producers continue (i.e. Albermarle’s purchase of Rockwood Holdings for $6.2 billion dollars). At the same time the mid-cap lithium sector saw Toronto Stock Exchange listed Orocobre Limited officially open their Olaroz lithium mine in December of 2014.

Pressed for an example of an interesting junior lithium company, Loewen mentions Dajin Resources (DJI-TSX.V), which holds 100% interest in lithium and boron claims in the Teels Marsh region of Mineral County, Nevada and significant land holdings of lithium targets in the Jujuy province of Argentina, near Orocobre.

“There are a lot of very good buying opportunities in the juniors markets right now,” states Loewen, “I’ve got my investment group focusing on a number of things, but in the junior space, Dajin because their Teels Marsh is a potentially huge lithium asset in the direct vicinity of Tesla Motors’ announced Gigafactory, in Nevada.”

“The Tesla Gigafactory will use 25,000 metric tons of Lithium per year,” states Loewen, “around a fifth of the world’s capacity. What Tesla is doing has validated to the mainstream what many of us in the Lithium space have known for a long time, that there are huge advancements happening in battery and ion technology that are going to change the face of how we power everything around us. We’re right on the cusp of that – Supplying the Gigafactory is predicted to raise demand for lithium in the battery industry by about 55%, and demand in the overall market by 20%.”

Loewen continues, “While the Canadian Venture Exchange has gotten pounded, I’ve been quietly mentoring Dajin. The company has done a great job of getting themselves in the right position at the right time. Dajin is involved in two of the world’s best known brine based lithium salars with the underlying metal experiencing increasing global demand.”

The International Energy Agency predicts 40 million battery electric vehicle sales per year by 2050, from current annual sales of 150,000.   This macro trend is spreading quickly from West to East.

According to the World Bank, air pollution costs China around $300 billion a year in health problems and loss-of-productivity. In response, the Chinese central government just announced a slate of pro-electric car policies including slashing charging station rates by 30%.

Navigant Research predicts that global lithium ion battery sales for all devices – including cellphones, laptops, commercial aviation and aerospace – will increase 400% by 2023.

“Investors should not wait for more positive headlines before allocating some of their capital to overlooked and historically cheap stocks,” advises Loewen, “history does matter. The barrage of negative headlines aimed at the Venture market is the signal that we have reached the bottom. When the turn-around happens it will be dramatic and the markets will reward the early and the bold.”

Contact:

Ron Loewen can be reached at ronwloewen@gmail.com and found at ca.linkedin.com/in/ronloewen

Dajin Resources Corp. can be reached at info@dajin.ca and found at http://dajin.ca

Legal Disclaimer/Disclosure: A fee has been paid for the production and distribution of this Report. This document is not and should not be construed as an offer to sell or the solicitation of an offer to purchase or subscribe for any investment. No information in this article should be construed as individualized investment advice. A licensed financial advisor should be consulted prior to making any investment decision. Financial Press makes no guarantee, representation or warranty and accepts no responsibility or liability as to its accuracy or completeness. Expressions of opinion are those of the authors only and are subject to change without notice. Financial Press assumes no warranty, liability or guarantee for the current relevance, correctness or completeness of any information provided within this article and will not be held liable for the consequence of reliance upon any opinion or statement contained herein or any omission. Furthermore, we assume no liability for any direct or indirect loss or damage or, in particular, for lost profit, which you may incur as a result of the use and existence of the information, provided within this article.

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