The stock tanked shortly after the company published third quarter operational results. Closing at 99 cents per share on Monday, it continues to show weakness and could possibly collapse further down.

The update on operations, which caused such a reaction on the market, showed positive changes in production, but failed to follow up with adequate financial figures. It disclosed an increase in gold sales and stated that production progress is on track to meet projections for 2011. The Ezulwini mine didn’t produce uranium though, as the repairs are still carried out in two columns of the Ion Exchange section of the plant. It won’t be operational at least until the end of March 2011.

For the third quarter ended December 31, 2010, figures were controversial:

• Revenue ramped up 53% to $51.3 million, compared to Q3, 2009;
• Pre-tax loss of $19.1 million, was 21.6% larger;
• The company had $30 million worth of liquid assets – $39 million less than in Q2, 2010.

Most of the negative impact on the financial performance came from the lost production time at the Ezulwini Mine, which was caused by the fall of ground back in November 2010 and the resulting maintenance work. The company will file interim financial report in the first week of February, which should provide more insight on the situation.

Share price could go into consolidation at the $1.00 level but there are no guarantees the short term downtrend won’t continue. The preceding price action depicted a double top pattern, which led to a price collapse and imposed general selling pressure.

View original post here:

The stock tanked shortly after the company published third quarter operational results. Closing at 99 cents per share on Monday, it continues to show weakness and could possibly collapse further down.

The update on operations, which caused such a reaction on the market, showed positive changes in production, but failed to follow up with adequate financial figures. It disclosed an increase in gold sales and stated that production progress is on track to meet projections for 2011. The Ezulwini mine didn’t produce uranium though, as the repairs are still carried out in two columns of the Ion Exchange section of the plant. It won’t be operational at least until the end of March 2011.

For the third quarter ended December 31, 2010, figures were controversial:

• Revenue ramped up 53% to $51.3 million, compared to Q3, 2009;
• Pre-tax loss of $19.1 million, was 21.6% larger;
• The company had $30 million worth of liquid assets – $39 million less than in Q2, 2010.

Most of the negative impact on the financial performance came from the lost production time at the Ezulwini Mine, which was caused by the fall of ground back in November 2010 and the resulting maintenance work. The company will file interim financial report in the first week of February, which should provide more insight on the situation.

Share price could go into consolidation at the $1.00 level but there are no guarantees the short term downtrend won’t continue. The preceding price action depicted a double top pattern, which led to a price collapse and imposed general selling pressure.

Continued here:

The share price of Applied Minerals, Inc. (OTC:AMNL) stock dropped down yesterday to a new yearly bottom. The newly announced partnership could not raise the price of the stock as on the same day a registration statement for some newly issued shares of common stock was filed.

AMNL new 52-week low noted yesterday is at $0.50 for a share and the stock closed the session at $0.58 on a trading volume exceeding 601,000 shares. That share turnover was the highest seen this year, and although no particular reason from yesterday for such sell-off could be identified, it seems that shareholders expect that their holdings in the company might get diluted soon.

Last Friday, Applied Minerals filed certain amendments to its last three quarter reports and to the annual report for 2009. Though, the changes do not seem significant and able to cause the negative reaction on the market, stating only that AMNL common shares have no par value instead of the given par value of $0.001 in the financial reports.

Around two weeks ago, the company announced an agreement for the joint development of a new range of high-performance Dragonite^TM branded Halloysite Clay products, to be introduced by the end of the year. On the same day, Applied Minerals filed a shares registration statement for 12.98 million new shares of common stock. The number includes also the shares issuable upon conversion of the issued in October notes for raised gross proceeds of $3,050,000.

AMNL imroved cash position might help the company develop its only asset, the Dragon Mine property, but traders obviously did not consider the projected revenues as secured, or offering further rising potential for the share price.

Link:

These days, when the mineral resources rush is in its apogee, all related to it businesses and companies have the chance to gain a momentum.

Technicoil Corporation (TSE:TEC), (PINK:TECGF), being one of them and adapting its business strategy in the proper moment and in the proper manner, succeeded to increase its shareholder value within a short period period of time.

Yesterday, the shares of Technicoil Corporation were one of the most demanded goods on the Toronto Stock Exchange. Looks like the investor bullish mood from Tuesday was not entirely reflected in TEC stock performance. Though, that happened yesterday, after a trading session devoted to the reconsideration of the share price.

Confirming the stock stir, the price of TEC soared 11.11% between the sessions on a volume of more than 3.5 million shares traded.

On the American OTC market, the shares of Technicoil Corporation had not been traded since the beginning of this November. Still, so far the price advance of TECGF has reflected adequately and in short the latest developments of the company.

At the end of September, Technicoil Corporation informed the investment community about its new capital expansion program related to the offered by the company new services through the so called company’s Well Servicing Segment. It represents the provided by TEC complementary pumping, acidizing, remedial cementing and nitrogen pumping services.

During the month after the company released its new strategy, TEC stock was demanded at an almost doubled price.

At the beginning of last month, Technicoil Corporation disclosed its as stated “highest ever third quarter results for the period ended September 30, 2010″. There, the company’s Well Servicing Segment was defined as the milestone of the good operational and financial results of TEC.

Following the investors’ activity and the price history of TEC stock, maybe just like it was a few months ago the shares’ stir from these days is a natural follow-up of investors’ reaction on the highly appreciated developments of the company.[BANNER]

Since the date of release of the new capital expansion program up to yesterday, TEC stock brought investors a 67% return on investment. For the same period, on the American OTC market TECGF stock market value advanced by 42.53%.

Yesterday, on the Toronto Stock Exchange TEC closed the market at $1.50 per share, hinting at a new 52-week high with 6 cents beyond the closing.

Technicoil Corporation is an oil and gas services company operating in Western Canada. The company operates in two main segments: well servicing and drilling.

Go here to see the original:

Reaction on the stock market on Friday was however ambiguous as the company also announced worse than expected financials. $0.03 per share loss under $6 million revenue was far behind $0.00 and $19.4 in estimates.

Management signified expectations of increased freezer revenues in the coming quarters as the products are newly presented to the market. Further, increasing AXP sales a viable as GE Healthcare is looking to build up inventories due to increased demand. ThermoGenesis plans to achieve profitability in second or third fiscal quarter of 2010.

With built in expectations the company has still failed to deliver for the most recent quarter and it’s unlikely their share price will provide extended appreciation under current circumstances. Taking Friday’s performance as a benchmark – trading volume was strong only for the first two hours into trading and we have witnessed profit taking afterwards as the price rumbled back down.

Read more:

Anthony Intrieri has joined the company as a director and chairman of the board. Previously the owner of a limousine selling company Mr. Intrieri has been retired for couple of years before joining Zevotek.

Currently registered as a shareholder, he owns 80% the company’s series B stock so the official admittance to the board was just a formality. Mr. Intrieri will have more influence on the company, but he is not the key player, so Zevotek’s current strategies aren’t likely to be influenced by him alone, just yet.

Even if Mr. Intrieri steps up to make a difference, his influence might not be clearly seen, as the company is expected to start making money in the Q1 anyway. Talking about their general strategy, it is a standard 3rd party logistics company with little costs on their backs and using the services of other companies to get their light bulbs to reach end users.

Their strategies might change when the cash begins to flow, but once again – it’s nothing to be overreacting to in advance.

Go here to read the rest: