EnSync Inc (NYSEMKT:ESNC) Contracts Power Purchase Agreement

EnSync Inc (NYSEMKT:ESNC)

EnSync Inc (NYSEMKT:ESNC) has announced entering into a 20-year Power Purchase Agreement (PPA) with Easter Seals Hawaii in a bid to help offset the company’s local electricity prices. EnSync Inc is a major provider of the highly innovative internet of energy (IOE) control platforms and distributed energy resource (DER) systems for industrial, commercial, and multi-tenant building markets

The agreement will entail installation of ground-mounted 122-kilowatt solar panel which will be located at the non-profit’s power facility. Easter Seals Hawaii is a nonprofit that specializes in empowering adults and children with disabilities by offering services like rehabilitation, job training, facilities-based care, home and community-based services – among others. Easter Seals has been serving Hawaii for the last 70 years and annually records over 600,000 hours of services to families and individuals living in the state.

In a statement, EnSync Inc (NYSEMKT:ESNC) CEO and President, Brad Hansen, said the Hawaiian electricity PPA market has proved to be a profitable avenue for EnSync Energy to spread its presence and demonstrate its business model.

Easter Seals Hawaii Chief Executive Officer, Ron Brandvoldon, said non-profit organizations are always trying to lower operating costs. He added that their services are always in high demand which calls for the need to manage their operating cost so as to be able to serve as many people as possible. Easter Seals Hawaii board chairman Michael Hulser said they are pleased to have the energy community help the organization remain sustainable while at the same time cutting on its operating costs. The project between Easter Seals Hawaii and EnSync Inc (NYSEMKT:ESNC) is at an advanced stage of construction and development and is scheduled for completion by the end of this year. At the moment, EnSync Energy has a total of 18 running projects in Hawaii. Some other projects are still under construction or have been contracted.

During the Thursday session, EnSync Inc (NYSEMKT:ESNC) reported a -37.03% or -$0.185 drop to trade at $0.315

I have no positions in any of the stocks mentioned, and have no plans to initiate any positions within the next 72 hours. All information, including any data, is provided without any guarantees of accuracy.

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About the author: James Marion is a University of Houston student studying Business with a concentration in Finance. James has interned with several investment professionals and hopes to pursue a career as a professional stock analyst after graduation.

Cobalt International Energy, Inc. (NYSE:CIE) Reverse Stock Split

Cobalt International Energy, Inc. (NYSE:CIE)

Cobalt International Energy, Inc. (NYSE:CIE) has carried out a 1:5 reverse stock split as part of an effort that seeks to bolster the stock’s share price. Shareholders had initially proposed a 5-for-15 reverse stock split.

NYSE Delisting Notice

Reverse stock splits sometimes undermine the perceived value of a stock and drive share price lower. During the recent earnings call Cobalt International Energy, Inc. (NYSE:CIE) CEO, Tum Cutt, reiterated his concern about the impact of the proposed reverse stock split.

“Obviously, we prefer to kind of demonstrate that we actually have the value in there for our shareholder. For our shares just to trade higher than they are today,” said Mr. Cutt.

The reverse stock split comes on the heels of the New York Stock Exchange issuing a warning about the company’s dwindling stock price. The stock’s drop below the $1 a share mark prompted a delisting notice from the exchange. However, the stock has bounced back even though it continues to trade at multi-year lows.

Financial Woes

Crude prices doping below the $50 a barrel mark continues to plunge Cobalt International sentiments among investors. A major point of concern is that a further drop in oil prices will make it hard for the company to generate significant returns from its development projects.

Cobalt International Energy, Inc. (NYSE:CIE) financial woes stem from the fact that it is spending too much money on development projects than it is generating from existing operations. The company has enough cash to last through mid-2018, after which it could find it hard to meet its financial obligations. The company needs crude prices to bounce back from current levels if efforts on working projects are to pay off and avoid a worse fate.

Reducing debt load is one of Cobalt International Energy, Inc. (NYSE:CIE) objectives as it continues to explore ways of staying afloat. Over the past six months, the energy company has trimmed its debt load by $339.2 million. Regulatory filings indicate that the company did issue $32.14 million of 7.750% second lien 2023 senior secured notes, in exchange of $60.932 million in 2024 convertible senior notes.

Cobalt International Energy, Inc. (NYSE:CIE) stock was down by 12.12% in Wednesday’s trading session to end the day at $2.61 a share.

I have no positions in any of the stocks mentioned, and have no plans to initiate any positions within the next 72 hours. All information, including any data, is provided without any guarantees of accuracy.

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About the author: Steve Clark is a 23-year Wall St professional with stints in M&A, risk management, and algorithm trading. Steve keeps his head in the game by looking for, and writing about, small companies that often get overlooked by the big investment firms.

Gains in Dataram Corp (NASDAQ:DRAM) a Head Fake?

Dataram Corp (NASDAQ:DRAM)

Princeton, NJ-based Dataram Corp (NASDAQ:DRAM) shares are up over 8% in morning trading. DRAM shares closed Tuesday at $2.79 and gapped up this morning to open at $3.15 before retreating. Shares are now trading around $3.00. There has been a massive increase in volume. Dataram has a 30-day, daily average trading volume of 87,000 but today, by 12:30 PM EST, over 2.2 million shares have traded hands.

Dataram and U.S. Gold Corp completed a merger late last month. The combined company trades under the ticker DRAM and news for each of the companies is often listed under the pre-merger names.

The catalyst for the shares’ move higher is the staking of 102 additional claims for the Keystone Project located on the prolific Cortez Trend. The Keystone Project now consists of 479 unpatented lode-mining claims, including the 102 additional and newly-staked claims on the east and southeastern portions of the property in Eureka County, Nevada.

Dave Mathewson, US Gold Corp’s Vice President and Head of Nevada Exploration, stated “I have been on and off the Keystone property for more than 30 years and I believe Keystone represents one of the best exploration opportunities in Nevada. This is the first time in the history of the district that a single company has consolidated the entire district, and US Gold Corp. will certainly benefit from being able to design an exploration program based exclusively on geology instead of claim boundaries.”

DRAM shares have been on a downward trend since early 2011. Earlier this month DRAM shares established a new 52-week, and lifetime, low share price of $2.55. Accordingly, performance has been disappointing for shareholders. YTD DRAM shares are down over 68%, and down over 71% for the year.

I have no positions in any of the stocks mentioned, and have no plans to initiate any positions within the next 72 hours. All information, including any data, is provided without any guarantees of accuracy.

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About the author: Steve Clark is a 23-year Wall St professional with stints in M&A, risk management, and algorithm trading. Steve keeps his head in the game by looking for, and writing about, small companies that often get overlooked by the big investment firms.

Zion Oil & Gas, Inc. (NASDAQ:ZN) begins drilling in Israel

Zion Oil & Gas, Inc. (NASDAQ:ZN)

Zion Oil & Gas, Inc. (NASDAQ:ZN) has announced that it managed to drill the Megiddo-Jezreel #1, an extremely deep, onshore oil well situated in Israel’s Jezreel Valley. Zion Oil & Gas specializes in oil and gas exploration and has the Megiddo-Jezreel License (MJL) – a petroleum exploration license onshore.

While acknowledging the new development, the company’s CEO Victor G. Carrillo said the company has been through a difficult and complicated year before getting to this point. He added that they expect to start drilling at least four geological strata with potential for oil and gas.

President and COO of Zion Oil & Gas, Inc. (NASDAQ:ZN) Dustin Guinn echoed Victor’s statement. Guinn said that after having put in a lot of effort and resources, management is highly optimistic that the well will be successful. He expressed gratitude to the company’s shareholders who, he says, have been very supportive of the company during the entire process.

To successfully execute the implementation of the project, Zion Oil & Gas, Inc. (NASDAQ:ZN) has contracted with some of the best-in-class service providers like Baker Hughes, Halliburton, and Weatherford and highlighted by DAFORA’s F-400 drilling rig. The rig has a draw-works capacity of 3,000 HP and is able to drill over 7,000 m.

Zion Oil & Gas, Inc. (NASDAQ:ZN) hopes to drill multiple wells from the site but this will be dependent on the exploration results and capital availability. From the site, several other subsurface geologic sites can be reached through use of directional drilling.

In 2015, an independent report compiled by Beicip-Franlab, an international consulting company, established that there are up to 6.6 billion bbl of undiscovered oil and located in the offshore parts of the Levant Basin in Israel. Although the Megiddo-Jezreel License area is onshore, it lies entirely in the Levant Basin and is strategically positioned to experience some of the most important geologic components of an active petroleum system.

Zion Oil & Gas, Inc. (NASDAQ:ZN)’s gas and oil exploration projects are centered in Israel with its activities focused in the Megiddo-Jezreel License which sits on around 99,000 acres.

Zion Oil & Gas, Inc. (NASDAQ:ZN) stock closed the Tuesday session with a -20.00% or -$0.55 drop to trade at $2.20

I have no positions in any of the stocks mentioned, and have no plans to initiate any positions within the next 72 hours. All information, including any data, is provided without any guarantees of accuracy.

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About the author: Steve Clark is a 23-year Wall St professional with stints in M&A, risk management, and algorithm trading. Steve keeps his head in the game by looking for, and writing about, small companies that often get overlooked by the big investment firms.

Westport Fuel Systems Inc (USA) (NASDAQ:WPRT) Continues Up-Trend

Westport Fuel Systems Inc (USA) (NASDAQ:WPRT)

Westport Fuel Systems Inc (USA) (NASDAQ:WPRT) is a green-energy technology company whose shares are seemingly immune to gravity. Since the middle of March, the share price has ended the week lower than it began just four times. Today WPRT gained over 12% and closed at $2.22. Volumes were posted at over 2.3 million shares when the posted 30-day, daily volume average is just over 668,000.

Westport Fuel Systems Inc (USA) (NASDAQ:WPRT) develops and commercializes green technologies that provide economic benefits, while exceeding performance and operational characteristics of conventional products. In early May, Westport Fuel Systems Inc (USA) (NASDAQ:WPRT) released their consolidated Q1 2017 financial highlights. Revenues for the quarter ended March 31, 2017, were $60.0 million compared with $24.0 million for the same period last year mainly due to the addition of Fuel Systems revenue as a result of the merger and improving market outlook in key regions. Net loss from continuing operations for the quarter ended March 31, 2017, was $12.8 million or a loss of $0.12 per share, compared with a loss of 24.5 million or a loss of 0.38 per share in the same period last year.

That financial performance has propelled Westport Fuel Systems Inc (USA) (NASDAQ:WPRT) shares to gain over 1605 for the quarter, over 53% for the month, and 96.46% YTD. The analyst’s consensus price target for WPRT is $3.20.

I have no positions in any of the stocks mentioned, and have no plans to initiate any positions within the next 72 hours. All information, including any data, is provided without any guarantees of accuracy.

Don’t miss out! Stay informed on $WPRT and receive breaking news on other hot stocks by signing up for our free newsletter!

About the author: Steve Clark is a 23-year Wall St professional with stints in M&A, risk management, and algorithm trading. Steve keeps his head in the game by looking for, and writing about, small companies that often get overlooked by the big investment firms.

Should IVANHOE MINES LTD COM NPV CL’A’ (OTCMKTS:IVPAF) be Higher?

IVANHOE MINES LTD COM NPV CL’A’ (OTCMKTS:IVPAF)

IVANHOE MINES LTD COM NPV CL’A’ (OTCMKTS:IVPAF) has been on a slide ever since it received the final installment, in the amount of $41.2 million, from a subsidiary of Zijin Mining Group Co., Ltd. for 49.5% of Ivanhoe’s majority stake in Kamoa Holding Limited. On that day, May 23, IVPAF shares were around $3.47 and today shares closed at $2.97. That price is significantly higher than the 52-week low of $0.0001. In April IVPAF shares hit their 52-week high of $4.08.

Observers were surprised that shares did not gain traction and move higher when, on May 23rd,

IVANHOE MINES LTD COM NPV CL’A’ (OTCMKTS:IVPAF) announced independent confirmation of a Mineral Resource estimate for the extremely-high-grade Kakula Discovery on the tier one Kamoa-Kakula Copper Project, near the mining centre of Kolwezi in the Democratic Republic of Congo (DRC). Kakula’s Indicated Resources increased by 50 million tons, to the current total of 116 million tons at 6.09% copper, at a 3% cut-off grade. This compares to 66 million tons at 6.59% copper estimated in October 2016, also at a 3% cut-off grade.

Industry experts question why the share price of IVANHOE MINES LTD COM NPV CL’A’ (OTCMKTS:IVPAF) would not benefit from news that, traditionally, would have seen a positive market response.

IVANHOE MINES LTD COM NPV CL’A’ (OTCMKTS:IVPAF) is advancing three projects in Sub-Saharan Africa. The first is the mine development at the Platreef platinum-palladium-gold-nickel-copper discovery on the Northern Limb of South Africa’s Bushveld Complex. The second one is mine development and exploration at the Kamoa-Kakula Copper Project on the Central African Copperbelt in the DRC. Lastly, upgrading at the historic, high-grade Kipushi zinc-copper-lead-germanium mine, also on the DRC’s Copperbelt.

I have no positions in any of the stocks mentioned, and have no plans to initiate any positions within the next 72 hours. All information, including any data, is provided without any guarantees of accuracy.

Don’t miss out! Stay informed on $IVPAF and receive breaking news on other hot stocks by signing up for our free newsletter!

About the author: Steve Clark is a 23-year Wall St professional with stints in M&A, risk management, and algorithm trading. Steve keeps his head in the game by looking for, and writing about, small companies that often get overlooked by the big investment firms.

Harmony Gold Mining Co. (ADR) (NYSE:HMY) In A Downtrend

Harmony Gold Mining Co. (ADR) (NYSE:HMY)

Harmony Gold Mining Co. (ADR) (NYSE:HMY) continues to hit lower-lows in the market. Lower gold prices and a mine explosion appear to have triggered the current downtrend. The stock is currently trading at the lower end of $1.68-$1.81 trading range, amidst growing concerns over the company’s long term prospects.

Gold Production Outlook

The South African based gold miner has underperformed as other stocks in the industry have appreciated. A tragic loss of 25 miners in one of the company’s mines in March appears to have spooked investors. Over the last three months, the stock has shed more than 6% in market value and is currently down by 44.93% for the year.

However, Chief Executive Officer, Peter Steenkamp, remains bullish about Harmony Gold Mining Co. (ADR) (NYSE:HMY)’s long term prospects even on the stock’s poor performance. According to the executive the company is on track to achieve full year production guidance.

“The fundamentals underpinning our mine plans enable us to achieve our annual production guidance,” Steenkamp said. “Safety, costs and grade continue to be a focus and higher production in the fourth quarter will drive unit costs,” said Mr. Steenkamp.

During the third quarter, Harmony Gold Mining Co. (ADR) (NYSE:HMY) produced 258,330 ounces of gold, a 6.5% drop from the second quarter. Revenue in the quarter was down by 1.5% coming in at $358.271 million. The company sold 290,224 ounces of gold at an average price of $1,287 an ounce.

Gold demand in the global market continues to pick up. Growth in demand in China and India should have a positive impact on gold prices which, in turn, are expected to have a positive impact on Harmony Gold.

Headwinds at Hand

However, with Gold prices dropping in the wake of the U.S. Federal Reserve hiking interest rates adecline in Gold prices is not the only problem that Harmony Gold faces in the short term.

Mining operations in South Africa come with their own share of challenges. Electrical issues as well as labor strife are some of the problems that could derail the company’s operations.

Harmony Gold Mining Co. (ADR) (NYSE:HMY) may appear cheap at current trading levels given the strong fundamentals supporting the stock. A rise in gold prices could push the stock higher. The stock boasts a dividend yield of 3.9% and price to earnings ratio of 4.25.

Harmony Gold Mining Co. (ADR) (NYSE:HMY) stock was down by 6.93% in Friday’s trading session ending the week at $1.68 a share. On Monday, HMY shares were trading slightly higher at mi-day at $1.72.

I have no positions in any of the stocks mentioned, and have no plans to initiate any positions within the next 72 hours. All information, including any data, is provided without any guarantees of accuracy.

Don’t miss out! Stay informed on $HMY and receive breaking news on other hot stocks by signing up for our free newsletter!

About the author: James Marion is a University of Houston student studying Business with a concentration in Finance. James has interned with several investment professionals and hopes to pursue a career as a professional stock analyst after graduation.

Golden Star Resources Ltd. (USA) (NYSEMKT:GSS) Debentures Repayment

Golden Star Resources Ltd. (USA) (NYSEMKT:GSS)

Golden Star Resources Ltd. (USA) (NYSEMKT:GSS) has strengthened its balance sheet with the repayment of 5% senior unsecured debentures worth $13.6 million. Full repayment comes on the heels of the company posting its strongest quarterly production since the cessation of refractory operations in 2015.

Strengthening Balance Sheet

The repayment aligns with the company’s push to become a high grade, low-cost gold producer. Golden Star Resources Ltd. (USA) (NYSEMKT:GSS) plans to lower its costs of operation as part of an effort that seeks to strengthen the balance sheet even further.

“In 2016 Golden Star took a number of important steps towards strengthening our balance sheet. These included restructuring the 5.0% Convertible Debentures, in order to secure a robust financial future for our shareholders. I am very pleased that we have repaid the balance of the 5.0% Convertible Debentures, as planned, as this will further simplify our balance sheet […],” said Chief Financial Officer, Andre Van Niekerk.

Golden Star Resources Ltd. (USA) (NYSEMKT:GSS) posted its strongest quarter for the first three months of the year after gold production soared to highs of 57,795 ounces. The first quarter represented the third consecutive quarter of record gold production levels. The company attributes the stellar performance to the impact of high grade underground ore at Wassa Underground.

Focus now shifts to bringing Prestea Underground into production. Golden Star Resources Ltd. (USA) (NYSEMKT:GSS) plans to do so by optimizing the relationship between open pit and underground operations at Wassa. Both open pit operations should increase the company’s gold production, heading into the New Year end while also reducing cash operating costs.

Management Changes

Separately, Golden Star Resources Ltd. (USA) (NYSEMKT:GSS) has confirmed that Tony Jensen and Bill Yeates have left the company following the annual general shareholder meeting. Mona Quartey has since joined the company as a director.

Golden Star Resources Ltd. (USA) (NYSEMKT:GSS) they leave is very different from the one they joined and our transformation into a high-grade, low-cost, mid-tier producer is well underway. I am delighted that Mona is joining the Board and we will all benefit from her experience in finance, politics and operating in Ghana. 2017 is on track to be another important year for Golden Star and we have a strong team at all levels of the Company to enable us to deliver our objectives,” said Chairman Tim Baker.

Golden Star Resources Ltd. (USA) (NYSEMKT:GSS) stock was down by 3.24% in Friday’s trading session ending the week at $0.640 a share. GSS is “little to no” change in today’s early trading.

I have no positions in any of the stocks mentioned, and have no plans to initiate any positions within the next 72 hours. All information, including any data, is provided without any guarantees of accuracy.

Don’t miss out! Stay informed on $GSS and receive breaking news on other hot stocks by signing up for our free newsletter!

About the author: James Marion is a University of Houston student studying Business with a concentration in Finance. James has interned with several investment professionals and hopes to pursue a career as a professional stock analyst after graduation.

Questions Mounting For Noble Corporation Ordinary Shares (UK)(NYSE:NE)

Noble Corporation Ordinary Shares (UK)(NYSE:NE)

Noble Corporation Ordinary Shares (UK)(NYSE:NE) shares were down slightly, to $3.76, in after-hour trading as news that Royal Dutch Shell was terminating a jack-up contract almost a year early. However there was some good news. Royal Dutch Shell awarded Noble some short-term drillship work. Investors were also taking valuations into account after Citigroup downgraded NE shares from a “Buy” to a “Neutral” with the target price getting slashed from $11 to $4.70.

There is little doubt that the Citigroup downgrade will raise some eyebrows on the street as Noble Corporation Ordinary Shares (UK)(NYSE:NE) received no less than nine upgrades from analysts since the beginning of 2017. So far, the upgrades have not been warranted. YTD shares of Noble Corporation Ordinary Shares (UK)(NYSE:NE) are down over 36% and down over 57% for the past year. This has been good news for the short-sellers. Short-sellers hold shares short in an amount that represent 24.5% of the stock’s total float. At $3.76, NE shares are threatening to challenge their existing 52-week low of $3.65. Interested parties should keep a close eye on any news.

Noble Corporation Ordinary Shares (UK)(NYSE:NE) management style has guided it from a one rig operation in 1921 into one of the largest offshore drilling contractors. Noble’s growth is due to a series of strategic acquisitions of offshore drilling assets. These acquisitions follow Noble’s goals – to gain a strong position in foreign drilling markets, to expand marine drilling operations and to move into new markets and segments of the industry.

I have no positions in any of the stocks mentioned, and have no plans to initiate any positions within the next 72 hours. All information, including any data, is provided without any guarantees of accuracy.

Don’t miss out! Stay informed on $NE and receive breaking news on other hot stocks by signing up for our free newsletter!

About the author: Steve Clark is a 23-year Wall St professional with stints in M&A, risk management, and algorithm trading. Steve keeps his head in the game by looking for, and writing about, small companies that often get overlooked by the big investment firms.

FIRST MNG FIN CORP COM NPV (OTCMKTS:FFMGF) Ready to Roll?

FIRST MNG FIN CORP COM NPV (OTCMKTS:FFMGF)

FIRST MNG FIN CORP COM NPV (OTCMKTS:FFMGF) lost almost 12% on Friday to close at $0.4408, very near its 52-week low of $0.4172. Volumes on this down day were very heavy. FFMGF has a 30-day, daily average trading volume of 890,740 but on Friday the shares traded over 4.7 million times.

FIRST MNG FIN CORP COM NPV (OTCMKTS:FFMGF) is a unique player in the minerals market. The company does not mine its assets, rather it seeks to acquire mineral assets when the prices are low, bank the asset, then exploit it when the price returns to historical norms. When the mineral’s price is at a level where extracting it would make business sense, FIRST MNG FIN CORP COM NPV (OTCMKTS:FFMGF) enters into agreements with third-parties to execute the exploration, development, and production while First Mining takes a residual interest in the project. That interest may be in the form of royalties, minority interests, or equity positions. The goal of this business plan is to generate continual cash flows for the shareholders of FIRST MNG FIN CORP COM NPV (OTCMKTS:FFMGF).

The most recent events with regards to the company’s future are the testing that is taking place at its 28,500 meter diamond drill infill program on its Goldlund Gold Project – wholly owned by FIRST MNG FIN CORP COM NPV (OTCMKTS:FFMGF). On April 25, 2017, the Company announced the results from the first 12 drill holes from the Goldlund Gold project and on May 2, 2017 the Company announced the results from an additional 11 drill holes at the project. Of the 37 holes now released, 34 holes contain significant gold mineralization. Gold extracted during the current drilling program occurs both as fine disseminations in quartz vein stock-works and as more discrete larger grains up to 2 mm spatially associated with pyrite in the quartz veins.

Despite the company’s commitment to a gold play, shares of FIRST MNG FIN CORP COM NPV (OTCMKTS:FFMGF) do not seem correlated to the price of gold. Over five years FFMGF shares have appreciated over 65% while a popular gold ETF has only gained 4%; over the past year FFMGF has lost 24% while the gold ETF has lost 4%; and YTD FFMGF has lost 32% while the gold ETF has lost 8%.

I have no positions in any of the stocks mentioned, and have no plans to initiate any positions within the next 72 hours. All information, including any data, is provided without any guarantees of accuracy.

Don’t miss out! Stay informed on $FFMGF and receive breaking news on other hot stocks by signing up for our free newsletter!

About the author: Steve Clark is a 23-year Wall St professional with stints in M&A, risk management, and algorithm trading. Steve keeps his head in the game by looking for, and writing about, small companies that often get overlooked by the big investment firms.