Tech Metals Archives - Page 56 of 58

It is hard to get excited after looking at Red Metal's (ASX:RDM) recent performance, when its stock has declined 4.3% over the past three months. But if you pay close attention, you might gather that its strong financials could mean that the stock could potentially see an increase in value in the long-term, given how markets usually reward companies with good financial health. In this article, we decided to focus on Red Metal's ROE.

Return on Equity or ROE is a test of how effectively a company is growing its value and managing investors’ money. In other words, it is a profitability ratio which measures the rate of return on the capital provided by the company's shareholders.

Check out our latest analysis for Red Metal

How Do You Calculate Return On Equity?

The formula for ROE is:

Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity

So, based on the above formula, the ROE for Red Metal is:

16% = AU$259k ÷ AU$1.6m (Based on the trailing twelve months to June 2020).

The 'return' is the income the business earned over the last year. So, this means that for every A$1 of its shareholder's investments, the company generates a profit of A$0.16.

What Is The Relationship Between ROE And Earnings Growth?

Thus far, we have learned that ROE measures how efficiently a company is generating its profits. Depending on how much of these profits the company reinvests or "retains", and how effectively it does so, we are then able to assess a company’s earnings growth potential. Assuming all else is equal, companies that have both a higher return on equity and higher profit retention are usually the ones that have a higher growth rate when compared to companies that don't have the same features.

Red Metal's Earnings Growth And 16% ROE

At first glance, Red Metal seems to have a decent ROE. Further, the company's ROE compares quite favorably to the industry average of 13%. This certainly adds some context to Red Metal's decent 20% net income growth seen over the past five years.

We then compared Red Metal's net income growth with the industry and found that the company's growth figure is lower than the average industry growth rate of 32% in the same period, which is a bit concerning.

Earnings growth is an important metric to consider when valuing a stock. It’s important for an investor to know whether the market has priced in the company's expected earnings growth (or decline). By doing so, they will have an idea if the stock is headed into clear blue waters or if swampy waters await. If you're wondering about Red Metal's's valuation, check out this gauge of its price-to-earnings ratio, as compared to its industry.

Is Red Metal Using Its Retained Earnings Effectively?

Summary

On the whole, we feel that Red Metal's performance has been quite good. In particular, it's great to see that the company is investing heavily into its business and along with a high rate of return, that has resulted in a respectable growth in its earnings. If the company continues to grow its earnings the way it has, that could have a positive impact on its share price given how earnings per share influence long-term share prices. Let's not forget, business risk is also one of the factors that affects the price of the stock. So this is also an important area that investors need to pay attention to before making a decision on any business. To know the 4 risks we have identified for Red Metal visit our risks dashboard for free.

This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

It is not uncommon to see companies perform well in the years after insiders buy shares. On the other hand, we'd be remiss not to mention that insider sales have been known to precede tough periods for a business. So before you buy or sell MetalCorp Limited (CVE:MTC), you may well want to know whether insiders have been buying or selling.

What Is Insider Buying?

Most investors know that it is quite permissible for company leaders, such as directors of the board, to buy and sell stock in the company. However, most countries require that the company discloses such transactions to the market.

We don't think shareholders should simply follow insider transactions. But logic dictates you should pay some attention to whether insiders are buying or selling shares. For example, a Columbia University study found that 'insiders are more likely to engage in open market purchases of their own company’s stock when the firm is about to reveal new agreements with customers and suppliers'.

View our latest analysis for MetalCorp

MetalCorp Insider Transactions Over The Last Year

In the last twelve months, the biggest single purchase by an insider was when Independent Director Christopher Dougherty bought CA$202k worth of shares at a price of CA$0.03 per share. Although we like to see insider buying, we note that this large purchase was at significantly below the recent price of CA$0.06. Because the shares were purchased at a lower price, this particular buy doesn't tell us much about how insiders feel about the current share price.

MetalCorp insiders may have bought shares in the last year, but they didn't sell any. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

MetalCorp is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.

Insiders at MetalCorp Have Bought Stock Recently

We saw some MetalCorp insider buying shares in the last three months. Director Pierre Gagne purchased CA$18k worth of shares in that period. It's good to see the insider buying, as well as the lack of recent sellers. But the amount invested in the last three months isn't enough for us too put much weight on it, as a single factor.

Does MetalCorp Boast High Insider Ownership?

I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. We usually like to see fairly high levels of insider ownership. Insiders own 30% of MetalCorp shares, worth about CA$2.1m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.

So What Do The MetalCorp Insider Transactions Indicate?

We note a that there has been a bit of insider buying recently (but no selling). Overall the buying isn't worth writing home about. But insiders have shown more of an appetite for the stock, over the last year. Overall we don't see anything to make us think MetalCorp insiders are doubting the company, and they do own shares. While we like knowing what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. For instance, we've identified 4 warning signs for MetalCorp (2 are significant) you should be aware of.

Of course MetalCorp may not be the best stock to buy. So you may wish to see this free collection of high quality companies.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

Potential Hannans Limited (ASX:HNR) shareholders may wish to note that insider Christopher Reed recently bought AU$365k worth of stock, paying AU$0.0044 for each share. That's a very decent purchase to our minds and it grew their holding by a solid 12%.

See our latest analysis for Hannans

Hannans Insider Transactions Over The Last Year

Notably, that recent purchase by Christopher Reed is the biggest insider purchase of Hannans shares that we've seen in the last year. So it's clear an insider wanted to buy, at around the current price, which is AU$0.005. While their view may have changed since the purchase was made, this does at least suggest they have had confidence in the company's future. If someone buys shares at well below current prices, it's a good sign on balance, but keep in mind they may no longer see value. Happily, the Hannans insider decided to buy shares at close to current prices. The only individual insider to buy over the last year was Christopher Reed.

Christopher Reed bought 92.95m shares over the last 12 months at an average price of AU$0.0047. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. By clicking on the graph below, you can see the precise details of each insider transaction!

There are always plenty of stocks that insiders are buying. So if that suits your style you could check each stock one by one or you could take a look at this free list of companies. (Hint: insiders have been buying them).

Insider Ownership

For a common shareholder, it is worth checking how many shares are held by company insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. Insiders own 35% of Hannans shares, worth about AU$4.1m. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.

So What Do The Hannans Insider Transactions Indicate?

The recent insider purchase is heartening. And an analysis of the transactions over the last year also gives us confidence. But we don't feel the same about the fact the company is making losses. When combined with notable insider ownership, these factors suggest Hannans insiders are well aligned, and that they may think the share price is too low. So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. For instance, we've identified 5 warning signs for Hannans (3 are potentially serious) you should be aware of.

If you would prefer to check out another company — one with potentially superior financials — then do not miss this free list of interesting companies, that have HIGH return on equity and low debt.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

Greg Hall became the CEO of Alligator Energy Limited (ASX:AGE) in 2018, and we think it's a good time to look at the executive's compensation against the backdrop of overall company performance. This analysis will also evaluate the appropriateness of CEO compensation when taking into account the earnings and shareholder returns of the company.

View our latest analysis for Alligator Energy

How Does Total Compensation For Greg Hall Compare With Other Companies In The Industry?

Our data indicates that Alligator Energy Limited has a market capitalization of AU$19m, and total annual CEO compensation was reported as AU$111k for the year to June 2020. That's a notable decrease of 17% on last year. We note that the salary portion, which stands at AU$74.8k constitutes the majority of total compensation received by the CEO.

In comparison with other companies in the industry with market capitalizations under AU$263m, the reported median total CEO compensation was AU$353k. In other words, Alligator Energy pays its CEO lower than the industry median. Moreover, Greg Hall also holds AU$151k worth of Alligator Energy stock directly under their own name.

Component	2020	2019	Proportion (2020)
Salary	AU$75k	AU$90k	67%
Other	AU$36k	AU$43k	33%
Total Compensation	AU$111k	AU$133k	100%

Talking in terms of the industry, salary represented approximately 76% of total compensation out of all the companies we analyzed, while other remuneration made up 24% of the pie. Alligator Energy pays a modest slice of remuneration through salary, as compared to the broader industry. If salary dominates total compensation, it suggests that CEO compensation is leaning less towards the variable component, which is usually linked with performance.

A Look at Alligator Energy Limited's Growth Numbers

Alligator Energy Limited's earnings per share (EPS) grew 22% per year over the last three years. Its revenue is down 85% over the previous year.

Overall this is a positive result for shareholders, showing that the company has improved in recent years. The lack of revenue growth isn't ideal, but it is the bottom line that counts most in business. We don't have analyst forecasts, but you could get a better understanding of its growth by checking out this more detailed historical graph of earnings, revenue and cash flow.

Has Alligator Energy Limited Been A Good Investment?

With a three year total loss of 16% for the shareholders, Alligator Energy Limited would certainly have some dissatisfied shareholders. Therefore, it might be upsetting for shareholders if the CEO were paid generously.

To Conclude…

As we touched on above, Alligator Energy Limited is currently paying its CEO below the median pay for CEOs of companies belonging to the same industry and with similar market capitalizations. Importantly though, the company has impressed with its EPS growth over three years. It's tough to criticize CEO compensation when the per-share EPS movement is positive. But shareholders will likely want to hold off on any raise for Greg until investor returns are positive.

CEO pay is simply one of the many factors that need to be considered while examining business performance. We identified 6 warning signs for Alligator Energy (2 shouldn't be ignored!) that you should be aware of before investing here.

Of course, you might find a fantastic investment by looking at a different set of stocks. So take a peek at this free list of interesting companies.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

VANCOUVER, British Columbia, Dec. 23, 2020 (GLOBE NEWSWIRE) — Sandfire Resources America Inc. (TSX.V: "SFR"; OTCQB: "SRAFF") ("Sandfire America" or the "Company") is pleased to announce that it has closed its previously announced rights offering, issuing 200,539,763 common shares of the Company for gross proceeds of $30,080,965 (the "Rights Offering"), representing 100% of the total rights offered.

The Company’s largest shareholder, Sandfire BC Holdings Inc. (“Sandfire BC”), fully exercised its basic subscription privilege to purchase its pro rata share of the common shares offered, being 170,869,433 common shares, and also purchased an additional 17,739,705 common shares through the exercise of its additional subscription privilege, for a total subscription of 188,609,138 common shares.

In total, 181,725,334 common shares issued in the Rights Offering were distributed under basic subscription privileges, of which 59,379 were distributed to insiders of the Company and 181,665,955 were distributed to non-insiders. 18,814,429 common shares were issued under additional subscription privileges, up to 50,000 of which were distributed to insiders of the Company and up to 18,764,429 were distributed to non-insiders. To the knowledge of the Company, no person became an insider as a result of the Rights Offering.

Upon completion of the Rights Offering, the total number of issued and outstanding common shares of the Company is now 1,022,752,794. Sandfire BC now owns 86.93% of the Company’s issued and outstanding common shares. The Company did not pay any fees or commissions in connection with the distribution of securities in the Rights Offering.

The Company intends to use the net proceeds of the rights offering to further advance the Black Butte Copper project, repay loans owed to Sandfire BC and for general working capital purposes. Further details of the Rights Offering are contained in the Company’s rights offering circular, which has been filed on SEDAR under the Company’s profile at www.sedar.com.

This news release shall not constitute an offer to sell or solicitation of an offer to buy the securities of the Company. There shall be no offer or sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification of such securities under the laws of any such jurisdiction.

ABOUT SANDFIRE RESOURCES AMERICA INC.

Sandfire Resources America Inc. is a growth company focused on the exploration, development, and mining of its 100% owned flagship property, the Black Butte Copper project in central Montana, USA. The Company is led by a highly experienced executive management team that has a successful track record of building shareholder value through exploration, corporate finance, and mine development.

Contact Information:
Sandfire Resources America Inc.
Nancy Schlepp, Director of Public Affairs
Mobile: 406-224-8180
Office: 406-547-3466
Email: nschlepp@sandfireamerica.com

Cautionary statement regarding forward‐looking information

Certain disclosures in this release constitute “forward-looking information” within the meaning of Canadian securities legislation. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by words such as the following: expects, plans, anticipates, believes, intends, estimates, projects, assumes, potential and similar expressions. Forward-looking statements also include reference to events or conditions that will, would, may, could or should occur, including, without limitation, statements regarding the Company’s plans for advancing the Black Butte Copper Project (including plans to complete permitting), the intended use of proceeds of the Rights Offering, resource estimates and expected outcomes. In making the forward-looking statements in this news release, the Company has applied certain factors and assumptions that the Company believes are reasonable, including that the Company will be able to use the proceeds of the Rights Offering as anticipated, the Company’s permitting will proceed as expected; that the results of exploration and development activities are consistent with management’s expectations and that the assumptions underlying mineral resource estimates are valid. However, the forward-looking statements in this news release are subject to numerous risks, uncertainties and other factors that may cause future results to differ materially from those expressed or implied in such forward-looking statements, including without limitation: the Company will not be able to use the proceeds of the Rights Offering as anticipated, the results of exploration and development activities will not be consistent with management’s expectations, the risk of unexpected variations in mineral resources, grade or recovery rates, delays in obtaining or inability to obtain required government or other regulatory approvals or financing, failure of plant, equipment or processes to operate as anticipated, the risk of accidents, labor disputes, inclement or hazardous weather conditions, unusual or unexpected geological conditions, ground control problems, earthquakes, flooding and all of the other risks generally associated with the development of mining facilities and the operation of a producing mine. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Readers are cautioned not to place undue reliance on forward-looking statements. The Company does not intend, and expressly disclaims any intention or obligation to, update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by law.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES

TORONTO, Dec. 22, 2020 (GLOBE NEWSWIRE) — Olivut Resources Ltd. (“Olivut” or the “Company”) (TSXV:OLV) is pleased to announce that the Company has closed a non-brokered private placement (the “Private Placement”) comprised of 5,000,000 common shares (the “Common Shares”) for proceeds of $400,000 at a price of $0.08 per Common Share. The Common Shares are subject to resale restrictions pursuant to applicable securities laws requirements and will not be freely tradable until four months after the date of issue.

One insider participated in the Private Placement, thereby making the Private Placement a “related party transaction” as defined under Multilateral Instrument 61-101 (“MI 61-101”). Mr. Pierre Lassonde, as insider of the Company, purchased 1,250,000 Common Shares and owns or controls 8,097,000 common shares or approximately 12.9% of the total common shares issued and outstanding after the completion of the Private Placement. The Private Placement was unanimously approved by the directors of the Company. The Company is relying on Section 5.5(a) of MI 61-101 for an exemption from the formal valuation requirement and Section 5.7(1)(a) of MI 61-101 for an exemption from the minority shareholder approval requirement of MI 61-101 because the fair market value of the issuance to Mr. Lassonde is less than 25% of the market capitalization of the Company.

Olivut will use the proceeds of the Private Placement for exploration and general corporate purposes.

The TSX Venture Exchange approved for listing the Common Shares issued under the Private Placement on December 22, 2020.

Olivut is a diamond exploration company with a 100% mineral interest in the HOAM Project (the “HOAM Project”) and a 50% interest in the Seahorse Project (the Seahorse project”), both projects being located in Canada’s Northwest Territories.

Numerous targets are drill ready on the HOAM Project and a detailed helimag program is proposed for additional regional geophysical anomalies. It is anticipated that many additional new targets will be added to the current list of priority drill targets. Completion of this work program is contingent on the raising of funds and the effects of the current Coronavirus pandemic particularly on planning and work in the Northwest Territories.

The Company considers the Seahorse Project to have the potential to host diamondiferous kimberlite bodies of significant size and perhaps other mineral deposits, based on a combination of: 2019 drill program results; favourable diamond stability indicator minerals found regionally and locally, including 18 macro diamonds found in regional samples to the west and northwest; specific geophysical targets; regional and local faults that would favour kimberlite emplacement; occurrence of diamondiferous kimberlites to the north and southeast, as well as other geochemical data in the area.

The Coronavirus pandemic and its effects particularly on planning and work in the Northwest Territories prevented any field work being conducted in 2020.

Please visit www.olivut.com for detailed corporate and project information.

This news release is intended for distribution in Canada only and is not intended for distribution to United States newswire services or dissemination in the United States. The securities being offered have not, nor will they be registered under the United States Securities Act of 1933, as amended, or any state securities laws and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent U.S. registration or an applicable exemption from the U.S. registration requirements. This release does not constitute an offer for sale of securities in the United States.

This press release contains forward-looking statements with respect to the Company, and matters concerning the raising of additional capital, the business, operations, strategy, and financial performance of the Company. Actual results may differ materially from those indicated by such statements. These statements generally, but not always, can be identified by use of forward-looking words such as "may", "will", "expect", "estimate", "anticipate", "intends", "believe" or "continue" or the negative thereof or similar variations. All statements, other than statements of historical fact, included herein, including, without limitations statements regarding future production, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Such forward-looking statements are qualified in their entirety by the inherent risks and uncertainties surrounding future expectations, including that the estimates and projections regarding the Company’s properties are realized. Forward-looking statements are based on a number of assumptions which may prove to be incorrect. Unless otherwise stated, all forward looking statements speak only as of the date of this press release and the Company does not undertake any obligation to update such statements except as required by law.

Martin St. Pierre, P.Geophys., a Qualified Person as defined by National Instrument 43-101, has reviewed and approved the scientific and technical disclosure in this press release.

Leni Keough, P.Geo.
President and Chief Executive Officer

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

CONTACT: For further information, please contact: Leni Keough President and Chief Executive Officer Olivut Resources Ltd. (780) 866-2226

Whilst it may not be a huge deal, we thought it was good to see that the Syrah Resources Limited (ASX:SYR) Non-Executive Chairman, James Askew, recently bought AU$109k worth of stock, for AU$0.91 per share. Even though that isn't a massive buy, it did increase their holding by 72%, which is arguably a good sign.

Check out our latest analysis for Syrah Resources

The Last 12 Months Of Insider Transactions At Syrah Resources

In fact, the recent purchase by James Askew was the biggest purchase of Syrah Resources shares made by an insider individual in the last twelve months, according to our records. That means that an insider was happy to buy shares at above the current price of AU$0.89. Their view may have changed since then, but at least it shows they felt optimistic at the time. In our view, the price an insider pays for shares is very important. Generally speaking, it catches our eye when an insider has purchased shares at above current prices, as it suggests they believed the shares were worth buying, even at a higher price. James Askew was the only individual insider to buy shares in the last twelve months.

You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction!

Does Syrah Resources Boast High Insider Ownership?

For a common shareholder, it is worth checking how many shares are held by company insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. It appears that Syrah Resources insiders own 8.5% of the company, worth about AU$37m. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.

What Might The Insider Transactions At Syrah Resources Tell Us?

It's certainly positive to see the recent insider purchase. We also take confidence from the longer term picture of insider transactions. But we don't feel the same about the fact the company is making losses. When combined with notable insider ownership, these factors suggest Syrah Resources insiders are well aligned, and that they may think the share price is too low. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. Case in point: We've spotted 3 warning signs for Syrah Resources you should be aware of, and 1 of these shouldn't be ignored.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com.

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR ‎DISSEMINATION IN THE UNITED STATES

CALGARY, AB / ACCESSWIRE / December 14, 2020 / New Stratus Energy Inc. (TSXV:NSE)(OTC PINK:RDRIF) ("New Stratus" or the "Corporation") is pleased to announce that it has completed a non-brokered private placement of ‎‎3,275,000‎ ‎units ("Units") at a price of $0.40 per Unit for gross proceeds of $‎‎1,310,000 (the "Offering"). Each Unit issued pursuant to the Offering is comprised of one common share of the Corporation ("Common Share") and one-half of one common share purchase warrant ("Warrant"), with each whole Warrant entitling the holder to acquire one Common Share at a price of $0.55 per Common Share until December 14, 2022.

The net proceeds from the Offering will be used by the Corporation for exploration activities in its block VMM-18, the evaluation of other opportunities, and general corporate purposes. Completion of the Offering is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory approvals, including final acceptance of the TSX Venture Exchange.

All securities issued in connection with the Offering are subject to a four-month hold period, which expires on April 15, 2021. Following the completion of the Offering, the Corporation has ‎61,090,445 ‎Common Shares issued and outstanding.

Contact Information:

Jose Francisco Arata
Chief Executive Officer
jfarata@newstratus.energy ‎

Mario A. Miranda
Chief Financial Officer
mmiranda@newstarus.energy / ‎(416) 363-4900

Forward-Looking Information and Reader Advisory

Certain information set out in this news release constitutes forward-looking information, including information relating to the Offering and the use of process therefrom. Forward-looking statements (often, but not always, identified by the use of words such as ‎‎"expect", "may", "could", "anticipate" or "will" and similar expressions) may describe expectations, opinions or guidance that are not ‎statements of fact and which may be based upon information provided by third parties. Forward-looking statements are based upon the ‎opinions, expectations and estimates of management of the Corporation as at the date the statements are made and are subject to a ‎variety of known and unknown risks and uncertainties and other factors that could cause actual events or outcomes to differ materially ‎from those anticipated or implied by such forward-looking statements. In light of the risks and uncertainties associated with forward-looking statements, readers are ‎cautioned not to place undue reliance upon forward-looking information. Although the Corporation believes that the expectations ‎reflected in the forward-looking statements set out in this news release, it can give ‎no assurance that such expectations will prove to have been correct. The forward-looking statements of the Corporation contained in this ‎news release are expressly qualified, in their entirety, by this cautionary statement.‎

This news release is not an offer of securities for sale in the United States. Securities may not be offered ‎or sold in the United States or to or for the account or benefit of U.S. persons (as such terms are ‎defined in Regulation S under the United States Securities Act of 1933, as amended (the "U.S. Securities ‎Act")), absent registration or an exemption from registration. The securities offered have not been and ‎will not be registered under the U.S. Securities Act or any state securities laws and, therefore, may not ‎be offered for sale in the United States, except in transactions exempt from registration under the U.S. ‎Securities Act and applicable state securities laws. This news release shall not constitute an offer to sell ‎or the solicitation of an offer to buy nor shall there be any sale of the securities in any state in which ‎such offer, solicitation or sale would be unlawful.‎

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE: New Stratus Energy Inc.

View source version on accesswire.com:
https://www.accesswire.com/620898/New-Stratus-Energy-Announces-Closing-of-Non-Brokered-Private-Placement

Toronto, Ontario–(Newsfile Corp. – December 15, 2020) – Jubilee Gold Exploration Ltd. (TSXV: JUB) (the "Company") announces that, further to its new release dated December 8^th, 2020 regarding the Company's adjourned annual general and special meeting of shareholders (the "Meeting"), the Meeting will be reconvened on December 23^rd, 2020 at 9:30 A.M. (Toronto time), as a virtual meeting.

The Meeting was initially scheduled for December 11^th, 2020 at 10:00 A.M. where the Company was seeking shareholder approval to implement a consolidation of its outstanding common shares (the "Consolidation"). The Company however did not receive the necessary level of votes as set out in the Management Information Circular to support the Consolidation. As such, the Company will not be seeking shareholder approval for the Consolidation and will provide an update should they again attempt the Consolidation.

The Meeting will still include voting on the following standard matters: the approval of minutes of last annual meeting; election of directors; and the appointment of auditors.

The call-in number for the Meeting is: 416-849-4286; access #0091269.

For further information contact:

Name: Warren Becker
Office: 416-436-4348

This news release contains forward-looking statements, which address future events and conditions, which are subject to various risks and uncertainties. The Company's actual results, programs and financial position could differ materially from those anticipated in such forward-looking statements as a result of numerous factors, some of which may be beyond the Company's control. These factors include: the availability of funds; the timing and content of work programs; results of exploration activities and development of mineral properties, the interpretation of drilling results and other geological data, the uncertainties of resource and reserve estimations, receipt and security of mineral property titles; project cost overruns or unanticipated costs and expenses, fluctuations in metal prices; currency fluctuations; and general market and industry conditions.

Forward-looking statements are based on the expectations and opinions of the Company's management on the date the statements are made. The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/70335

Even when a business is losing money, it's possible for shareholders to make money if they buy a good business at the right price. For example, biotech and mining exploration companies often lose money for years before finding success with a new treatment or mineral discovery. But while history lauds those rare successes, those that fail are often forgotten; who remembers Pets.com?

So should Liberty One Lithium (CVE:LBY) shareholders be worried about its cash burn? In this report, we will consider the company's annual negative free cash flow, henceforth referring to it as the 'cash burn'. We'll start by comparing its cash burn with its cash reserves in order to calculate its cash runway.

View our latest analysis for Liberty One Lithium

When Might Liberty One Lithium Run Out Of Money?

A cash runway is defined as the length of time it would take a company to run out of money if it kept spending at its current rate of cash burn. As at September 2020, Liberty One Lithium had cash of CA$6.2m and no debt. Looking at the last year, the company burnt through CA$1.3m. So it had a cash runway of about 4.9 years from September 2020. There's no doubt that this is a reassuringly long runway. The image below shows how its cash balance has been changing over the last few years.

How Is Liberty One Lithium's Cash Burn Changing Over Time?

Because Liberty One Lithium isn't currently generating revenue, we consider it an early-stage business. So while we can't look to sales to understand growth, we can look at how the cash burn is changing to understand how expenditure is trending over time. While it hardly paints a picture of imminent growth, the fact that it has reduced its cash burn by 29% over the last year suggests some degree of prudence. Admittedly, we're a bit cautious of Liberty One Lithium due to its lack of significant operating revenues. So we'd generally prefer stocks from this list of stocks that have analysts forecasting growth.

Can Liberty One Lithium Raise More Cash Easily?

While Liberty One Lithium is showing a solid reduction in its cash burn, it's still worth considering how easily it could raise more cash, even just to fuel faster growth. Issuing new shares, or taking on debt, are the most common ways for a listed company to raise more money for its business. Commonly, a business will sell new shares in itself to raise cash and drive growth. By looking at a company's cash burn relative to its market capitalisation, we gain insight on how much shareholders would be diluted if the company needed to raise enough cash to cover another year's cash burn.

Liberty One Lithium has a market capitalisation of CA$43m and burnt through CA$1.3m last year, which is 2.9% of the company's market value. That means it could easily issue a few shares to fund more growth, and might well be in a position to borrow cheaply.

Is Liberty One Lithium's Cash Burn A Worry?

It may already be apparent to you that we're relatively comfortable with the way Liberty One Lithium is burning through its cash. For example, we think its cash runway suggests that the company is on a good path. And even though its cash burn reduction wasn't quite as impressive, it was still a positive. After taking into account the various metrics mentioned in this report, we're pretty comfortable with how the company is spending its cash, as it seems on track to meet its needs over the medium term. On another note, we conducted an in-depth investigation of the company, and identified 3 warning signs for Liberty One Lithium (2 are a bit unpleasant!) that you should be aware of before investing here.

Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of companies insiders are buying, and this list of stocks growth stocks (according to analyst forecasts)

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com.

It is not uncommon to see companies perform well in the years after insiders buy shares. Unfortunately, there are also plenty of examples of share prices declining precipitously after insiders have sold shares. So before you buy or sell DevEx Resources Limited (ASX:DEV), you may well want to know whether insiders have been buying or selling.

Do Insider Transactions Matter?

Most investors know that it is quite permissible for company leaders, such as directors of the board, to buy and sell stock in the company. However, rules govern insider transactions, and certain disclosures are required.

Insider transactions are not the most important thing when it comes to long-term investing. But equally, we would consider it foolish to ignore insider transactions altogether. For example, a Harvard University study found that 'insider purchases earn abnormal returns of more than 6% per year'.

View our latest analysis for DevEx Resources

The Last 12 Months Of Insider Transactions At DevEx Resources

The Non-Executive Chairman Timothy Rupert Goyder made the biggest insider purchase in the last 12 months. That single transaction was for AU$1.6m worth of shares at a price of AU$0.05 each. Although we like to see insider buying, we note that this large purchase was at significantly below the recent price of AU$0.23. Because it occurred at a lower valuation, it doesn't tell us much about whether insiders might find today's price attractive.

Over the last year, we can see that insiders have bought 36.27m shares worth AU$1.9m. But they sold 31.41m shares for AU$1.6m. Overall, DevEx Resources insiders were net buyers during the last year. The chart below shows insider transactions (by companies and individuals) over the last year. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

DevEx Resources is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.

Does DevEx Resources Boast High Insider Ownership?

Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. A high insider ownership often makes company leadership more mindful of shareholder interests. It appears that DevEx Resources insiders own 26% of the company, worth about AU$16m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.

So What Do The DevEx Resources Insider Transactions Indicate?

There haven't been any insider transactions in the last three months — that doesn't mean much. However, our analysis of transactions over the last year is heartening. Overall we don't see anything to make us think DevEx Resources insiders are doubting the company, and they do own shares. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing DevEx Resources. When we did our research, we found 4 warning signs for DevEx Resources (1 shouldn't be ignored!) that we believe deserve your full attention.

Of course DevEx Resources may not be the best stock to buy. So you may wish to see this free collection of high quality companies.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com.

Vancouver, British Columbia–(Newsfile Corp. – December 11, 2020) – Eastern Platinum Limited (TSX: ELR) (JSE: EPS) ("Eastplats" or the "Company") today announced the offering to its shareholders (the "Rights Offering") of rights (the "Rights") to acquire common shares of the Company ("Common Shares") at the close of business on the record date of December 18, 2020 ("Record Date"), on the basis of one Right for each Common Share held. Each Right will entitle the holder to subscribe for one Common Share of the Company upon payment of the subscription price of $0.32 or ZAR 3.77136 (based on the Applicable Exchange Rate as defined in the Rights Offering Circular) per Common Share (the "Basic Subscription Privilege"). Shareholders who fully exercise their Rights under the Basic Subscription Privilege will also be entitled to subscribe for additional Common Shares, on a pro rata basis, if available as a result of unexercised Rights prior to the expiry time of the Rights Offering (the "Additional Subscription Privilege").

The Rights will be listed and posted for trading on the Toronto Stock Exchange (the "TSX") under the symbol "ELR.RT" on a "when issued" basis, and the Johannesburg Stock Exchange (the "JSE") under the symbol "EPSN" at 09:00 SAST on December 15, 2020. The Rights Offering will close at 12:00 pm in South Africa and 2:00 p.m. (Vancouver time)/5:00 p.m. (Toronto time) (the "Expiry Time") on January 22, 2021, after which time unexercised Rights will be void and of no value.

The Rights will be issued only to shareholders on the Record Date (the "Eligible Holders") who are resident in a province or territory of Canada or in South Africa (the "Eligible Jurisdictions"). Shareholders will be presumed to be resident in the place shown on the corporate share registry or securities register (as the case may be), unless the contrary is shown to the Company's satisfaction. Neither the Offering Notice (defined below), nor the Rights Offering Circular (defined below) is to be construed as an offering of the Rights, and the Common Shares issuable upon exercise of the Rights are not offered for sale in any jurisdiction outside of the Eligible Jurisdictions, including in the United States (the "Ineligible Jurisdictions"), or to any shareholders who are resident in any jurisdiction other than the Eligible Jurisdictions (the "Ineligible Holders"). Details of the Rights Offering will be set out in the rights offering notice ("Notice of Rights Offering") and rights offering circular ("Rights Offering Circular") which will be available from today under the Company's profile at www.sedar.com and on the Company's website www.eastplats.com/investors-2/Rights Offering.

The Company currently has 100,639,032 Common Shares issued. If all Rights issued under the Rights Offering are validly exercised, an additional 100,639,032 Common Shares will be issued. The Company is pleased to provide all the existing shareholders of Eastplats an opportunity to directly fund the capital investment required to take advantage of the proposed opportunities. The Company intends to use the net proceeds of the Rights Offering, subject to the results of the amount raised, on capital projects (focused on platinum group metals ("PGM") opportunities) expected to be completed during 2021 and, if sufficient funds are raised, on secondary projects, which are expected to begin in 2021 but which are not expected to be completed until the following year. The Company forecasts it has sufficient working capital to continue with its current operations in 2021, subject to the Retreatment Project option and loan assessment occurring in 2022.

The Company expects to use the net proceed from the Rights Offering to commence and/or complete, subject to the net proceeds from the Rights Offering, the following:

Upgrades and repairs to the Zandfontein underground shaft and the rock winder to ensure they are available for PGM operations;
Purchase and install filter press and additional standby pumps for the PGM circuit D operations, which are intended to stabilize and enhance the PGM recovery and sales from circuit D;
Refurbishment of the existing main PGM facility (circuit 1) to increase the capacity and recovery opportunity of PGM recovery and sales;
Mareesburg project environmental work following the completion of the environmental impact assessment ("EIA");
Prospecting and assessment work in relation to Zandfontein, Crocette and Spitzkop ore bodies;
Feasibility and assessment work in regards to a vertical furnace and pelletizer of Chrome concentrate;
Refurbishment of the existing main PGM facility (circuit 2) to further increase the capacity and recovery opportunity of PGM recovery and sales;
Crocodile River Mine underground assessment including all chrome recovery activities in relation to the Retreatment Project;
Zandfontein underground start-up investment;
Mareesburg Project start-up, infrastructure and build out, subject to environmental and economic confirmation;
Additional feasibility and EIA work on the various mining rights; and
Capital requirements for care and maintenance, working capital and general and administrative costs.

Shareholders Holding Common Shares Listed on the TSX

The Notice of Rights Offering and accompanying rights certificate will be mailed to each shareholder of the Company resident in the provinces and territories of Canada as at the Record Date. Registered shareholders who wish to exercise their Rights must forward the completed rights certificate, together with the applicable funds, to the rights agent, Computershare Investor Services Inc., on or before the Expiry Time. Shareholders who own their Common Shares through an intermediary, such as a bank, trust company, securities dealer or broker, will receive materials and instructions from their intermediary.

Each Ineligible Holder will be sent a letter (the "Notice to Ineligible Shareholders") describing how Ineligible Holders may, in the Company's discretion, participate in the Rights Offering, provided such Ineligible Holder satisfies the Company that, among other things, the distribution to, and exercise by such Ineligible Holder of the Rights in the Rights Offering: (i) is not unlawful; and (ii) is exempt from any prospectus or similar filing requirement under the laws applicable to such Ineligible Holder or the laws of such Ineligible Holder's place of residence and does not require obtaining any approvals of a regulatory authority in such Ineligible Holder's place of residence. The Notice to Ineligible Shareholders will have attached a form of exempt purchaser status certificate to this effect (the "Exempt Purchaser Status Certificate").

Brokers cannot exercise the Rights on behalf of beneficial Ineligible Holders of Common Shares, unless the Ineligible Holder has completed an Exempt Purchaser Status Certificate and has provided same to the Company through the applicable broker.

Shareholders Holdings Common Shares Listed on the JSE

Eligible Holders of certificated Common Shares will be sent a form of instruction in respect of their letters of allocation. Eligible Holders of certificated Common Shares who exercise their Rights must complete the form of instruction in accordance with the instructions contained therein and lodge it, together with the amount due in ZAR with the Link Market Services South Africa Proprietary Limited ("JSE Transfer Secretaries") on or before the Expiry Time.

Eligible Holders of dematerialized Common Shares who wish to exercise their Rights must notify their CSDP or broker of their acceptance of the Offering in the manner and time stipulated in their custody agreement with their CSDP or broker.

Ineligible Holders of certificated Common Shares will be sent a letter advising them that their letters of allocation will be issued to, and held on their behalf by, the JSE Transfer Secretaries and they will be sent an Exempt Purchaser Status Certificate. The Exempt Purchaser Status Certificate will set out the conditions required to be met, and procedures that must be followed, in order for such Ineligible Holders to participate in the Offering.

CSDPs or Brokers cannot follow the Rights in respect of Ineligible Holders of dematerialized Common Shares, unless the Ineligible Holder has completed an Exempt Purchaser Status Certificate and has provided same to the JSE Transfer Secretaries on or prior to January 13, 2021 (Ineligible Holders must confirm the provision of the Exempt Purchaser Status Certificate to their CSDP or Broker). After January 13, 2021, Ineligible Holders should instruct their CSDPs or Brokers to attempt to sell their Rights for the account of such holders and to deliver any proceeds of sale to such holders or allow their Rights to lapse.

The form of Exempt Purchaser Status Certificate has been sent to Ineligible Holders (or their CSDP or Broker) and will be available from the JSE Transfer Secretaries upon request, who can be contacted at +27 (0) 861 472 644 (local) or +27 11 029 0112 (international)).

General

Neither the Rights being offered or the Common Shares issuable upon exercise of the Rights have been or will be registered under the United States Securities Act of 1933, as amended, and may not be exercised, offered or sold, as applicable, in the United States absent registration (which the Company has not sought) or an applicable exemption from the registration requirements. This news release shall not constitute an offer to sell or the solicitation of an offer to buy the securities of the Company. There shall be no offer or sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification of such securities under the laws of any such jurisdiction. A copy of the Notice of Rights Offering, the Rights Offering Circular and the Notice to Ineligible Shareholders are available under the Company's profile on SEDAR at www.sedar.com and on the Company's website www.eastplats.com/investors-2/Rights Offering.

About Eastern Platinum Limited

Eastplats owns directly and indirectly a number of PGMs and chrome assets in the Republic of South Africa. All of the Company's properties are situated on the western and eastern limbs of the Bushveld Complex, the geological environment that hosts approximately 80% of the world's PGM-bearing ore.

Operations at the CRM currently include re-mining and processing its tailings resource, with an offtake of the chrome concentrate from the Barplats Zandfontein UG2 tailings facility ("Retreatment Project").

For further information, please contact:

EASTERN PLATINUM LIMITEDRowland Wallenius, Chief Financial Officerrwallenius@eastplats.com (email)(604) 800-8200 (phone)

Cautionary Statement Regarding Forward-Looking Information

This press release contains "forward-looking statements" or "forward-looking information" (collectively referred to herein as "forward-looking statements") within the meaning of applicable securities legislation. Such forward-looking statements include, without limitation, forecasts, estimates, expectations and objectives for future operations that are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the Company. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "will", "plan", "intends", "may", "will", "could", "expects", "anticipates" and similar expressions. Further disclosure of the risks and uncertainties facing the Company and other forward-looking statements are discussed in the Company's most recent Annual Information Form available under the Company's profile on www.sedar.com.

In particular, this press release contains forward-looking statements pertaining to the Company's ability to raise funds through the Rights Offering, its use of proceeds or future working capital requirements. These forward-looking statements are based on assumptions made by and information currently available to the Company. Although management considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect. By their very nature, forward-looking statements involve inherent risks and uncertainties and readers are cautioned not to place undue reliance on these statements as a number of factors could cause actual results to differ materially from the beliefs, plans, objectives, expectations, estimates and intentions expressed in such forward-looking statements. These factors include, but are not limited to, unanticipated problems that may arise in the Company's production processes, commodity prices, lower than expected grades and quantities of resources, need for additional funding and availability of such additional funding on acceptable terms, economic conditions, currency fluctuations, competition and regulations, legal proceedings and risks related to operations in foreign countries.

All forward-looking statements in this press release are expressly qualified in their entirety by this cautionary statement, the "Cautionary Statement on Forward-Looking Information" section contained in the Company's most recent Management's Discussion and Analysis available under the Company's profile on www.sedar.com. The forward-looking statements in this press release are made as of the date they are given and, except as required by applicable securities laws, the Company disclaims any intention or obligation, and does not undertake, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRE SERVICES

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/70049

Toronto, Ontario–(Newsfile Corp. – December 9, 2020) – Jubilee Gold Exploration Ltd. (TSXV: JUB) (the "Company") today announces that it intends to adjourn the Annual General and Special Meeting of shareholders (the "Meeting") currently scheduled for December 11^th, 2020 at 10:00 A.M., as a virtual meeting, and to reconvene the Meeting at a later date.

To implement the adjournment, the Meeting will still be convened on December 11^th, 2020 at 10:00 A.M. but it will be immediately adjourned. Other than a motion to adjourn the Meeting, there will be no voting or other matters conducted at the Meeting on December 11^th.

The Company will issue another press release to disclose any new Meeting matters.

For further information contact:

Name: Summer Becker – Director
Office: (416) 364-0042
Email: thebeckergroup@bellnet.ca

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/69881

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it might be obvious that you need to consider debt, when you think about how risky any given stock is, because too much debt can sink a company. We can see that Aerometrex Limited (ASX:AMX) does use debt in its business. But the real question is whether this debt is making the company risky.

Why Does Debt Bring Risk?

Debt assists a business until the business has trouble paying it off, either with new capital or with free cash flow. Ultimately, if the company can't fulfill its legal obligations to repay debt, shareholders could walk away with nothing. While that is not too common, we often do see indebted companies permanently diluting shareholders because lenders force them to raise capital at a distressed price. Having said that, the most common situation is where a company manages its debt reasonably well – and to its own advantage. When we think about a company's use of debt, we first look at cash and debt together.

See our latest analysis for Aerometrex

What Is Aerometrex's Net Debt?

You can click the graphic below for the historical numbers, but it shows that Aerometrex had AU$2.02m of debt in June 2020, down from AU$11.6m, one year before. However, it does have AU$22.2m in cash offsetting this, leading to net cash of AU$20.2m.

How Strong Is Aerometrex's Balance Sheet?

The latest balance sheet data shows that Aerometrex had liabilities of AU$8.05m due within a year, and liabilities of AU$4.48m falling due after that. Offsetting this, it had AU$22.2m in cash and AU$3.08m in receivables that were due within 12 months. So it can boast AU$12.8m more liquid assets than total liabilities.

This surplus suggests that Aerometrex has a conservative balance sheet, and could probably eliminate its debt without much difficulty. Succinctly put, Aerometrex boasts net cash, so it's fair to say it does not have a heavy debt load!

The modesty of its debt load may become crucial for Aerometrex if management cannot prevent a repeat of the 75% cut to EBIT over the last year. When it comes to paying off debt, falling earnings are no more useful than sugary sodas are for your health. There's no doubt that we learn most about debt from the balance sheet. But it is future earnings, more than anything, that will determine Aerometrex's ability to maintain a healthy balance sheet going forward. So if you want to see what the professionals think, you might find this free report on analyst profit forecasts to be interesting.

Finally, a business needs free cash flow to pay off debt; accounting profits just don't cut it. Aerometrex may have net cash on the balance sheet, but it is still interesting to look at how well the business converts its earnings before interest and tax (EBIT) to free cash flow, because that will influence both its need for, and its capacity to manage debt. Over the last three years, Aerometrex saw substantial negative free cash flow, in total. While investors are no doubt expecting a reversal of that situation in due course, it clearly does mean its use of debt is more risky.

Summing up

While it is always sensible to investigate a company's debt, in this case Aerometrex has AU$20.2m in net cash and a decent-looking balance sheet. So while Aerometrex does not have a great balance sheet, it's certainly not too bad. The balance sheet is clearly the area to focus on when you are analysing debt. However, not all investment risk resides within the balance sheet – far from it. For example, we've discovered 1 warning sign for Aerometrex that you should be aware of before investing here.

Of course, if you're the type of investor who prefers buying stocks without the burden of debt, then don't hesitate to discover our exclusive list of net cash growth stocks, today.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com.

Berkeley Energia Limited (ASX:BKY) shareholders might understandably be very concerned that the share price has dropped 41% in the last quarter. Despite this, the stock is a strong performer over the last year, no doubt about that. During that period, the share price soared a full 147%. So some might not be surprised to see the price retrace some. The real question is whether the business is trending in the right direction.

Check out our latest analysis for Berkeley Energia

We don't think Berkeley Energia's revenue of AU$2,340,000 is enough to establish significant demand. So it seems that the investors focused more on what could be, than paying attention to the current revenues (or lack thereof). For example, they may be hoping that Berkeley Energia finds fossil fuels with an exploration program, before it runs out of money.

Companies that lack both meaningful revenue and profits are usually considered high risk. You should be aware that there is always a chance that this sort of company will need to issue more shares to raise money to continue pursuing its business plan. While some companies like this go on to deliver on their plan, making good money for shareholders, many end in painful losses and eventual de-listing. Berkeley Energia has already given some investors a taste of the sweet gains that high risk investing can generate, if your timing is right.

When it last reported its balance sheet in June 2020, Berkeley Energia had cash in excess of all liabilities of AU$13m. While that's nothing to panic about, there is some possibility the company will raise more capital, especially if profits are not imminent. Given the share price has increased by a solid 85% in the last year , it's fair to say investors remain excited about the future, despite the potential need for cash. You can see in the image below, how Berkeley Energia's cash levels have changed over time (click to see the values).

It can be extremely risky to invest in a company that doesn't even have revenue. There's no way to know its value easily. One thing you can do is check if company insiders are buying shares. It's usually a positive if they have, as it may indicate they see value in the stock. Luckily we are in a position to provide you with this free chart of insider buying (and selling).

A Different Perspective

It's good to see that Berkeley Energia has rewarded shareholders with a total shareholder return of 147% in the last twelve months. Since the one-year TSR is better than the five-year TSR (the latter coming in at 4% per year), it would seem that the stock's performance has improved in recent times. Given the share price momentum remains strong, it might be worth taking a closer look at the stock, lest you miss an opportunity. I find it very interesting to look at share price over the long term as a proxy for business performance. But to truly gain insight, we need to consider other information, too. Even so, be aware that Berkeley Energia is showing 2 warning signs in our investment analysis , you should know about…

Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of companies we expect will grow earnings.

Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on AU exchanges.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com.

Montréal, Québec, Dec. 01, 2020 (GLOBE NEWSWIRE) — Nemaska Lithium Inc. (“Nemaska Lithium” or the “Corporation”) announces that the Corporation completed today its previously announced sale (the “Transaction”) to a group made up of Investissement Québec (“IQ”), and The Pallinghurst Group, acting through an entity named Quebec Lithium Partners (“Pallinghurst” and, together with IQ, the “Purchasers”), together with Orion Mine Finance (“Orion”), structured as a credit bid. Details of the Transaction were previously provided in press releases issued on August 24, 2020, and October 15, 2020.

Pursuant to the Transaction, the Purchasers acquired, on a 50-50 basis, all of the issued and outstanding shares of an entity resulting from the amalgamation of the Corporation, its subsidiaries and entities controlled by Orion, to form a new resulting entity that will operate the business of the Corporation (“New Nemaska Lithium”). As a successor to the Corporation, New Nemaska Lithium has applied to the Canadian securities regulatory authorities to cease to be a reporting issuer under applicable Canadian securities laws.

The Purchasers believe that the closing of the Transaction will enable the business of New Nemaska Lithium to progress forward with strong financial and operational backing, all while preserving present and future employment and economic opportunities to the benefit of the local community, including the Cree Nation.

About the Purchasers

IQ’s mission is to participate actively in Québec’s economic development by stimulating business innovation, entrepreneurship and the growth of exports and investment in every region of Québec. IQ provides enterprises and entrepreneurs with support services, including technology-based measures, as well as adapted financial solutions and investments. More information about IQ is available at www.investquebec.com.

Pallinghurst is a leading private investor in the global natural resources sector. Pallinghurst’s firm focus is on investing in the entire value-chain of sustainably sourced battery and fuel-cell materials. It is a partnership that prides itself on being an active investor, always participating in the management and development of the companies and assets it invests in. Pallinghurst is headquartered in London and has deployed in excess of US$2 billion of equity for projects around the world. Since its formation, Pallinghurst has responsibly developed, built and operated major resource projects in North America, Europe, Africa and Australia. In addition to lithium, currently, it has investments in platinum, graphite and manganese companies. More information about Pallinghurst is available at www.pallinghurst.com.

***

Additional Early Warning Disclosures

On November 26, 2020, as part of a reorganization effected in connection with the Transaction, Nemaska Lithium transferred to NMX Residual Assets Inc. (“ResidualCo”) 15,000,000 common shares held in the capital of Vision Lithium Inc. (“Vision Lithium”), representing approximately 16.4% of the issued and outstanding common shares of Vision Lithium (the “Vision Shares”). Prior to the transfer, ResidualCo did not hold or exercise control over any Vision Shares. Following the transfer, ResidualCo holds 15,000,000 Vision Shares, representing approximately 16.4% of the issued and outstanding Vision Shares and the Corporation no longer holds or exercises control over any Vision Shares.

The Vision Shares were transferred to ResidualCo by Nemaska Lithium pursuant to the approval and vesting order obtained by Nemaska Lithium and its subsidiaries on October 15, 2020, from the Superior Court of Québec (Commercial Division) in connection with proceedings under the Companies’ Creditors Arrangement Act (the “CCAA Proceedings”). ResidualCo and its parent company, NMX Residual Liabilities Inc., are subject to the CCAA Proceedings and may sell the Vision Shares to generate cash proceeds for payment to creditors.

Early warning reports relating to this transaction have been filed on SEDAR under Vision Lithium’s profile at www.sedar.com. To obtain a copy of such reports, please contact PricewaterhouseCoopers Inc. by telephone at (514) 205-5698 or by email at ca_nemaska_shareholders_claims@pwc.com. ResidualCo is a holding company governed by the laws of Québec and its head office is located at 1000 De La Gauchetière West, Suite 2500, Montréal, Québec, H3B 0A2. Nemaska Lithium is a mining company governed by the laws of Canada and its head office is located at 1250 René-Lévesque West, Suite 2200, Montréal, Québec, H3B 4W8. The head office of Vision Lithium is located at 1019 boul. des Pins, 2nd Floor, Val-d’Or, Québec, J9P 4T2.

Cautionary Statement on Forward-Looking Information

All statements, other than statements of historical fact, contained in this press release including, but not limited to, those relating to the CCAA Proceedings, the Transaction and the Corporation’s activities and its ability to meet its obligations, constitute “forward-looking information” and “forward-looking statements” within the meaning of certain securities laws and are based on expectations and projections as of the date of this press release. Certain important assumptions by the Corporation in making forward-looking statements include, but are not limited to, the possibility to proceed with any sale of the Vision Shares.

Forward-looking statements contained in this press release include, without limitation, those related to (i) the progression of the New Nemaska Lithium business, and (ii) the sale of any Vision Shares by ResidualCo. Forward-looking statements are based on expectations, estimates and projections as of the time of this press release. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by the Corporation as of the time of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies. These estimates and assumptions may prove to be incorrect.

Many of these uncertainties and contingencies can directly or indirectly affect, and could cause, actual results to differ materially from those expressed or implied in any forward-looking statements.

By their very nature, forward-looking statements involve inherent risks and uncertainties, both general and specific, and risks exist that estimates, forecasts, projections and other forward-looking statements will not be achieved or that assumptions do not reflect future experience. Forward-looking statements are provided for the purpose of providing information about management’s expectations and plans relating to the future. Readers are cautioned not to place undue reliance on these forward-looking statements as a number of important risk factors and future events could cause the actual outcomes to differ materially from the beliefs, plans, objectives, expectations, anticipations, estimates, assumptions and intentions expressed in such forward-looking statements. All of the forward-looking statements made in this press release are qualified by these cautionary statements and those made in our other filings with the securities regulators of Canada including, but not limited to, the cautionary statements made in the “Risk Factors” section of the Corporation’s Annual Information Form dated September 30, 2019, and the “Risk Exposure and Management” section of the Corporation’s quarterly Management Discussion & Analysis. The Corporation cautions that the foregoing list of factors that may affect future results is not exhaustive, and new, unforeseeable risks may arise from time to time. The Corporation disclaims any intention or obligation to update or revise any forward-looking statements or to explain any material difference between subsequent actual events and such forward-looking statements, except to the extent required by applicable law.

Further information regarding Nemaska Lithium is available in the SEDAR database (www.sedar.com) and on the Corporation’s website at: www.nemaskalithium.com.

CONTACT: SOURCE: Nemaska Lithium Inc. MEDIA: Gabrielle Tellier Media Relations 514 348-0466 gabrielle.tellier@nemaskalithium.com

VANCOUVER, BC / ACCESSWIRE / November 30, 2020 / Belmont Resources Ltd is pleased to announce that permit approval has been granted by the British Columbia Ministry of Energy and Mines for drilling on the Company's A-J gold project, located in southern British Columbia. This is a five-year area-based permit covering surface exploration and drilling.

A-J Mines & Mineralized Trends

Further to receipt of the permit, the Company will undertake a 2,000-metre drilling program to test a strong coincident resistivity-chargeability anomaly situated 150 meters beneath two mineralized gold trends including the former producing Athelstan and Jackpot gold mines.

The East-West ‘A-J' mineralized trend extends over an approximate area of 240 by 1,000 metres and includes the past producing Athelstan and Jackpot gold mines which collectively produced 7,600 ozs Au & 9,000 ozs Ag (Minfile 082ESE047). The A-J Group was one of the most productive gold mines in the Greenwood mining district of southern British Columbia.

A-J Trend 3DIP Resistivity Cross Section

The second is the North-South ‘Contact' mineralized gold trend. Past trenching and sampling in this trend has identified three mineralized gold zones; J34, J12 & ‘A' Zones. Sampling has returned gold grades as high as 35.2 g/t Au over 3.0 meters (2002 chip sampling[1]).

Both mineralized trends are defined by strong resistivity anomalies. The resistivity high anomalies are interpreted as representing silica altered rock which includes quartz veining and listwanite. Listwanite is a key ultramafic rock alteration directly associated with several multi-million ounce gold deposits in Atlin, Bralorne and Barkerville districts of British Columbia as well as the Motherlode District in California

A-J Trend Chargeability Cross Section

3D-IP sections along the two trends indicate potential altered silica feeders to the two mines as well as other areas along the trends.

The resistivity anomalies are underlain at depth by a strong chargeability anomaly, measuring 800 x 1000m and at a depth of approximately 150m below the two mineralized trends.

On surface, disseminated sulfides occur within dykes and tongues of altered porphyritic intrusive that both cut and underlie the north-dipping band of listwanite.

A-J Trend Coincident Chargeability-Resistivity Anomaly

The large chargeability anomaly may reflect important mineralization within a large intrusive body and could be the causative source of mineralization at surface.

George Sookochoff, President & CEO commented "The historic gold miners have mined an extensive amount of gold and silver from relatively shallow underground mines. Our recent LIDAR, magnetic and 3D-IP surveys have delineated a large target 150m below their mines which may be the source of gold they mined at surface."

"But ultimately drilling will tell and that's what we are now prepared to do!"

About Belmont Resources Inc.

Belmont Resources is a junior mining company engaged in the business of acquiring past producing gold-copper mineral properties located in the highly prospective Greenwood-Republic mining camps. Belmont is utilizing new exploration technology as well as new geological modelling to identify gold-copper mineralized feeder systems to the relatively shallow historic mines.

The Company's project portfolio includes:

– Athelstan & Jackpot Gold mines (Athelstan-Jackpot property – 100%)

– Bertha & Pathfinder Gold-Silver mines (Pathfinder property – 100%).

– Betts Copper-Gold mine (Come By Chance property – 100%)

– Lone Star Copper-Gold mine (Lone Star Property – LOI)

Belmont Property Map

Qualified Person

Linda Caron, M.Sc., P.Eng. is the qualified person under National Instrument 43-101 who has reviewed and approved the technical content of this news release.

ON BEHALF OF THE BOARD OF DIRECTORS

"George Sookochoff"

George Sookochoff, CEO/President

Neither the TSX Venture Exchange nor its Regulation Services Provider (as the term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

This Press Release may contain forward-looking statements that may involve a number of risks and uncertainties, based on assumptions and judgments of management regarding future events or results that may prove to be inaccurate as a result of exploration and other risk factors beyond its control. Actual events or results could differ materially from the Companies forward-looking statements and expectations. These risks and uncertainties include, among other things, that we may not be able to obtain regulatory approval; that we may not be able to raise funds required, that conditions to closing may not be fulfilled and we may not be able to organize and carry out an exploration program in 2020, and other risks associated with being a mineral exploration and development company. These forward-looking statements are made as of the date of this news release and, except as required by applicable laws, the Company assumes no obligation to update these forward-looking statements, or to update the reasons why actual results differed from those projected in the forward-looking statements.

[1] Caron, L., 2003. Assessment Report on the Athelstan-Jackpot Property, Trenching and Rock Sampling, for M. Hallauer and T. Hallauer. BC MEMPR Assessment Report 27302.

SOURCE: Belmont Resources Inc.

View source version on accesswire.com:
https://www.accesswire.com/618728/Belmont-Resources-Receives-Permit-Approval-For-Drilling-Program-at-A-J-Gold-Project-British-Columbia

This article will reflect on the compensation paid to Gavin Lockyer who has served as CEO of Arafura Resources Limited (ASX:ARU) since 2013. This analysis will also look to assess whether the CEO is appropriately paid, considering recent earnings growth and investor returns for Arafura Resources.

Check out our latest analysis for Arafura Resources

How Does Total Compensation For Gavin Lockyer Compare With Other Companies In The Industry?

According to our data, Arafura Resources Limited has a market capitalization of AU$123m, and paid its CEO total annual compensation worth AU$508k over the year to June 2020. We note that's a small decrease of 4.7% on last year. Notably, the salary which is AU$401.1k, represents most of the total compensation being paid.

On comparing similar-sized companies in the industry with market capitalizations below AU$271m, we found that the median total CEO compensation was AU$312k. Accordingly, our analysis reveals that Arafura Resources Limited pays Gavin Lockyer north of the industry median. What's more, Gavin Lockyer holds AU$172k worth of shares in the company in their own name.

Component	2020	2019	Proportion (2020)
Salary	AU$401k	AU$401k	79%
Other	AU$107k	AU$132k	21%
Total Compensation	AU$508k	AU$533k	100%

Speaking on an industry level, nearly 70% of total compensation represents salary, while the remainder of 30% is other remuneration. It's interesting to note that Arafura Resources pays out a greater portion of remuneration through salary, compared to the industry. If total compensation veers towards salary, it suggests that the variable portion – which is generally tied to performance, is lower.

Arafura Resources Limited's Growth

Arafura Resources Limited has seen its earnings per share (EPS) increase by 9.8% a year over the past three years. Its revenue is down 37% over the previous year.

We generally like to see a little revenue growth, but the modest EPSgrowth gives us some relief. It's hard to reach a conclusion about business performance right now. This may be one to watch. Historical performance can sometimes be a good indicator on what's coming up next but if you want to peer into the company's future you might be interested in this free visualization of analyst forecasts.

Has Arafura Resources Limited Been A Good Investment?

Arafura Resources Limited has generated a total shareholder return of 1.0% over three years, so most shareholders wouldn't be too disappointed. But they would probably prefer not to see CEO compensation far in excess of the median.

In Summary…

As we touched on above, Arafura Resources Limited is currently paying its CEO higher than the median pay for CEOs of companies belonging to the same industry and with similar market capitalizations. But the business isn't growing EPS, and the returns to shareholders haven't been wonderful. So while shareholders might not be overly concerned about CEO compensation, we suspect most would prefer to see improved performance, before thinking a bump in pay is in order.

We can learn a lot about a company by studying its CEO compensation trends, along with looking at other aspects of the business. That's why we did our research, and identified 5 warning signs for Arafura Resources (of which 1 is potentially serious!) that you should know about in order to have a holistic understanding of the stock.

Switching gears from Arafura Resources, if you're hunting for a pristine balance sheet and premium returns, this free list of high return, low debt companies is a great place to look.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com.

The big shareholder groups in Paladin Energy Limited (ASX:PDN) have power over the company. Large companies usually have institutions as shareholders, and we usually see insiders owning shares in smaller companies. We also tend to see lower insider ownership in companies that were previously publicly owned.

Paladin Energy is not a large company by global standards. It has a market capitalization of AU$314m, which means it wouldn't have the attention of many institutional investors. In the chart below, we can see that institutional investors have bought into the company. Let's take a closer look to see what the different types of shareholders can tell us about Paladin Energy.

Check out our latest analysis for Paladin Energy

What Does The Institutional Ownership Tell Us About Paladin Energy?

Many institutions measure their performance against an index that approximates the local market. So they usually pay more attention to companies that are included in major indices.

As you can see, institutional investors have a fair amount of stake in Paladin Energy. This suggests some credibility amongst professional investors. But we can't rely on that fact alone since institutions make bad investments sometimes, just like everyone does. It is not uncommon to see a big share price drop if two large institutional investors try to sell out of a stock at the same time. So it is worth checking the past earnings trajectory of Paladin Energy, (below). Of course, keep in mind that there are other factors to consider, too.

It would appear that 5.0% of Paladin Energy shares are controlled by hedge funds. That worth noting, since hedge funds are often quite active investors, who may try to influence management. Many want to see value creation (and a higher share price) in the short term or medium term. The company's largest shareholder is Tembo Capital Management Ltd, with ownership of 13%. In comparison, the second and third largest shareholders hold about 9.5% and 5.9% of the stock.

We also observed that the top 10 shareholders account for more than half of the share register, with a few smaller shareholders to balance the interests of the larger ones to a certain extent.

While it makes sense to study institutional ownership data for a company, it also makes sense to study analyst sentiments to know which way the wind is blowing. Quite a few analysts cover the stock, so you could look into forecast growth quite easily.

Insider Ownership Of Paladin Energy

The definition of company insiders can be subjective and does vary between jurisdictions. Our data reflects individual insiders, capturing board members at the very least. Management ultimately answers to the board. However, it is not uncommon for managers to be executive board members, especially if they are a founder or the CEO.

I generally consider insider ownership to be a good thing. However, on some occasions it makes it more difficult for other shareholders to hold the board accountable for decisions.

Our most recent data indicates that insiders own less than 1% of Paladin Energy Limited. However, it's possible that insiders might have an indirect interest through a more complex structure. It seems the board members have no more than AU$50k worth of shares in the AU$314m company. Many investors in smaller companies prefer to see the board more heavily invested. You can click here to see if those insiders have been buying or selling.

General Public Ownership

The general public, with a 40% stake in the company, will not easily be ignored. While this group can't necessarily call the shots, it can certainly have a real influence on how the company is run.

Private Equity Ownership

With a stake of 19%, private equity firms could influence the Paladin Energy board. Some might like this, because private equity are sometimes activists who hold management accountable. But other times, private equity is selling out, having taking the company public.

Next Steps:

While it is well worth considering the different groups that own a company, there are other factors that are even more important. Case in point: We've spotted 2 warning signs for Paladin Energy you should be aware of, and 1 of them is potentially serious.

Ultimately the future is most important. You can access this free report on analyst forecasts for the company.

NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com.

We often see insiders buying up shares in companies that perform well over the long term. The flip side of that is that there are more than a few examples of insiders dumping stock prior to a period of weak performance. So shareholders might well want to know whether insiders have been buying or selling shares in Comstock Metals Ltd. (CVE:CSL).

What Is Insider Selling?

Most investors know that it is quite permissible for company leaders, such as directors of the board, to buy and sell stock in the company. However, such insiders must disclose their trading activities, and not trade on inside information.

We don't think shareholders should simply follow insider transactions. But equally, we would consider it foolish to ignore insider transactions altogether. For example, a Columbia University study found that 'insiders are more likely to engage in open market purchases of their own company’s stock when the firm is about to reveal new agreements with customers and suppliers'.

Check out our latest analysis for Comstock Metals

The Last 12 Months Of Insider Transactions At Comstock Metals

While there weren't any large insider transactions in the last twelve months, it's still worth looking at the trading.

Comstock Metals insiders may have bought shares in the last year, but they didn't sell any. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

Comstock Metals is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.

Does Comstock Metals Boast High Insider Ownership?

Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Our data indicates that Comstock Metals insiders own about CA$320k worth of shares (which is 13% of the company). However, it's possible that insiders might have an indirect interest through a more complex structure. Whilst better than nothing, we're not overly impressed by these holdings.

What Might The Insider Transactions At Comstock Metals Tell Us?

There haven't been any insider transactions in the last three months — that doesn't mean much. On a brighter note, the transactions over the last year are encouraging. The transactions are fine but it'd be more encouraging if Comstock Metals insiders bought more shares in the company. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Comstock Metals. Our analysis shows 5 warning signs for Comstock Metals (3 don't sit too well with us!) and we strongly recommend you look at these before investing.

But note: Comstock Metals may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com.

QUEBEC CITY, Nov. 26, 2020 (GLOBE NEWSWIRE) — Robex Resources Inc. (“Robex” or “the Company”) (TSXV: RBX/FWB: RB4) is pleased to report its financial results for the quarter ending September 30, 2020.

All amounts presented are in Canadian dollars (CAD).

Highlights of the third quarter of 2020:

GOLD SALES INCREASED BY 80%

Over the third quarter of 2020, 18,121 ounces of gold have been sold for a total of CAD 45.9 M, including all 7,831 ounces of the gold ingot stocks from June 30 for a total of CAD 19.5 M, compared to the 13,276 ounces of gold that were sold for CAD 25.5 M in the same period in 2019, thus an 80% increase.

As a reminder, the difference between the number of ounces of gold sold and the number of ounces of gold produced during the periods is due to the timing of shipments, and to the Company’s liquidity management.

224% INCREASE FOR NAMPALA’S OPERATING INCOME

The mine generated an operating income of CAD 28 M for the third quarter of 2020, compared to CAD 8.6 M for the same period in 2019, including CAD 3.5 M in the amortization of fixed assets for this 2020 quarter and CAD 7.4 M for the same period in 2019. Last October, the Company filed a NI 43-101 technical report containing the mineral resources and reserve estimates for the Nampala mine as at July 31, 2020, which has extended the Nampala mine’s life to over eight years, thereby slowing the amortization rate.
PRODUCTION COSTS

For the third quarter of 2020, there was a temporary 29% decrease in production, which reached 10,706 ounces compared to 15,175 ounces for the same period in 2019.
- The rainy season was extremely long and heavy this year, making the ore from the bottom of the main pit inaccessible. Normally, each spring, a higher-grade ore is deposited on the ROM pad to maintain production levels in anticipation of the rainy season, a period when pit excavation is more difficult. However, the restriction on the number of people on the mine site during the lockdown in the second quarter of 2020 has limited pit excavation and therefore prevented us from doing so. In the third quarter of 2020, we had to process lower-grade ore (0.86 g/t compared to 1.05 g/t for the same period in 2019).
- Also, the opening of the east pit led us to process surface ore which, as has previously been the case in the main pit, is of a lower grade than the core of the mineralized zone.

Consequently:

The all-in sustaining cost per ounce sold¹ is of CAD 1,072 for the third quarter of 2020, compared to CAD 893 per ounce sold for the same period in 2019. The increase is primarily explained by the lower grade, which has resulted in fewer ounces being produced from the same tonnage of processed ore.

Rather than smoothing this one-time situation, it was decided to execute the mining plan at its economic optimum, even if it meant having a quarter with an apparent production underperformance. However, this did not prevent us from achieving an overall production for the first nine months of 2020 equivalent to the same period in 2019. It is important to note that since the beginning of the fourth quarter, the Nampala mine has recovered a richer ore grade and therefore production is more consistent with that obtained before the rainy season.

Production costs capitalized as stripping costs were of CAD 4.7 M in the third quarter of 2020, stemming from the fact that operating new pits around the main pit in 2020 has temporarily involved stripping work and, consequently, the removal of larger amounts of waste rock to reach the ore.

CASH FLOWS FROM OPERATING ACTIVITIES² REPRESENTING 202% OF THOSE FOR THE SAME PERIOD IN 2019

The Company’s operating activities have generated cash flows of CAD 28.1 M (CAD 0.047 per share¹), which corresponds to 61% of the turnover, compared to CAD 13.9 M (CAD 0,024 per share¹) for the same period in 2019.

Mining Operation: Nampala, Mali

	Third quarters ended September 30,				Nine-month periods ended September 30,
	2020		2019		2020		2019
Operating Data
Ore mined (tonnes)	406,005		477,676		1,364,376		1,378,787
Ore processed (tonnes)	438,367		512,377		1,398,547		1,370,536
Waste mined (tonnes)	1,559,460		645,784		3,924,692		2,309,402
Operational stripping ratio	3.8		1.4		2.9		1.7
Head grade (gpt)	0.86		1.05		0.99		1.01
Recovery (%)	88.2	%	87.7	%	89.1	%	86.5	%
Gold ounces produced	10,706		15,175		39,545		38,324
Gold ounces sold	18,121		13,276		39,267		35,971
Financial Data
(rounded off to the nearest thousand dollars)
Revenue – Gold sales	45,864,000		25,478,000		92,442,000		64,789,000
Mining operation expenses	11,194,000		7,489,000		22,357,000		22,027,000
Mining royalties	1,085,000		681,000		2,226,000		1,891,000
Administrative expenses	2,095,000		1,284,000		6,295,000		4,626,000
Depreciation of property, plant and equipment and amortization of intangible assets	3,488,000		7,384,000		17,635,000		23,193,000
Segment operating income	28,002,000		8,640,000		43,929,000		13,052,000
Statistics
(in dollars)
Average realized selling price (per ounce)	2,531		1,919		2,354		1,801
Cash operating cost (per tonne processed)1	20		16		17		17
Total cash cost (per ounce sold)1	678		615		626		665
All-in sustaining cost (per ounce sold) 1	1,072		893		1,064		988
Administrative expenses (per ounce sold)	116		97		160		129
Depreciation of property, plant and equipment (per ounce sold)	192		556		449		645

Robex’s MD&A and the condensed interim consolidated financial statements (unaudited) are available on the Company's website in the Investors section at robexgold.com. These reports and other documents produced by the Company are also available at sedar.com.

Continuous improvement

The Nampala mine remains focused on improving safe production performances:

In early November, a new discharge line was installed, increasing the diameter from 315 to 450 mm, to increase production while reducing pump speed;
A cone crusher is scheduled to be installed–equipment is currently being delivered;
A new mechanical workshop is being completed. It is bigger and much closer to the plant, and it will speed up the work;
A 500 m³ diesel tank is being installed to increase diesel reserves and better secure production.

To improve site security, 9 members of the National Guard are now permanently posted on the Nampala site to support the police team and our own security service.

A word from the President, Mr. Georges Cohen:

Performance is extremely satisfactory despite a slight cost increase resulting from an unusually challenging rainy season and the impacts of the pandemic.
Initiatives are continually underway to optimize performances at the Nampala mine.
Our prospecting campaign is still very promising; the work and financial efforts will, I hope, make it possible to increase annual production.

For information:

Robex Resources Inc.

Benjamin Cohen, CEO
Augustin Rousselet, CFO/COO
Head office: (581) 741-7421
info@robexgold.com

This news release contains statements that may be considered “forecast information” or “forecast statements” in terms of security rights. These forecasts are subject to uncertainties and risks, some of which are beyond the control of Robex. Achievements and final results may differ significantly from forecasts made implicitly or explicitly. These differences can be attributed to many factors, including market volatility, the impact of the exchange rate and interest rate fluctuations, mispricing, the environment (hardening of regulations), unforeseen geological situations, unfavourable operating conditions, political risks inherent in mining in developing countries, changes in government policies or regulations (laws and policies), an inability to obtain necessary permits and approvals from government agencies, or any other risk associated with mining and development. There can be no assurance that the circumstances set out in these forecasts will occur, or even benefit Robex, if any. The forecasts are based on the estimates and opinions of the Robex management team at the time of publication. Robex makes no commitment to make any updates or changes to these publicly available forecasts based on new information or events, or for any other reason, except as required by applicable security laws. The TSX Venture Exchange or the Regulation Services Provider (as defined in the policies of the TSX Venture Exchange) assumes no responsibility for the authenticity or accuracy of this news release.

¹ Cash operating cost, total cash cost, all-in sustaining cost and cash flows from operating activities per share are non-IFRS financial performance measures with no standard definition under IFRS. See the "Non-IFRS Financial Performance Measures" section of the MD&A.
² Cash flows from operating activities exclude the net variation of non-cash working capital elements.

MONTRÉAL, Nov. 25, 2020 (GLOBE NEWSWIRE) — Nemaska Lithium Inc. (“Nemaska Lithium” or the “Corporation”) announces today that it has completed the previously announced exchange of its common shares, on a one-for-one basis, for common shares of NMX Residual Liabilities Inc. (“Residual Nemaska Lithium”), resulting in Residual Nemaska Lithium having become a successor reporting issuer under applicable Canadian securities laws (the “Exchange”). All issued and outstanding options, warrants and other securities of the Corporation (including securities convertible, exchangeable or exercisable for shares of the Corporation) have also been cancelled for no consideration. The Exchange was effected and completed in accordance with and pursuant to the approval and vesting order of the Superior Court of Québec (Commercial Division) issued on October 15, 2020 (the “Court Order”) in connection with the proceedings under the Companies’ Creditors Arrangement Act relating to the Corporation and the other subsidiary applicants thereto (the “CCAA Proceedings”).

As contemplated by the Court Order with respect to the Exchange, each share certificate (or other evidence of ownership of shares of the Corporation) representing shares of the Corporation are deemed to represent for all purposes the same number of common shares of Residual Nemaska Lithium. Accordingly, shareholders are not required to surrender their share certificates representing shares of the Corporation and no action is required from shareholders to complete the Exchange. In the context of the previously announced transactions structured, in the context of the CCAA Proceedings, as a credit bid from a group that includes the Corporation’s largest secured creditor (the “Transaction”), there is no residual value for shareholders of Residual Nemaska Lithium resulting from the Transaction and the Exchange.

Tax Considerations of the Exchange

The following section provides a general summary of certain Canadian federal tax considerations to beneficial owners of common shares of the Corporation (the “Shares”) who, for the purposes of the Income Tax Act (Canada) (the “Tax Act”) and at all relevant times, are or are deemed to be resident in Canada hold their shares as capital property, deals at arm’s length and are not affiliated with Residual Nemaska Lithium (“Canadian Holders”).

For purposes of the Tax Act, the Exchange will generally not result, pursuant to subsection 85.1(1) of the Tax Act, in a Canadian Holder realizing a capital loss. A Canadian Holder may, however, elect to realize a capital loss upon the Exchange by including in its return of income for the taxation year in which the Exchange occurred the capital loss, as otherwise determined, resulting from the Exchange.

This summary does not discuss all of the tax considerations potentially applicable to Canadian Holders or to other holders of shares and all holders should consult their own tax advisors as to the federal, provincial and foreign tax considerations applicable to them having regard to their own circumstances. All non-residents of Canada should determine with their own tax advisors if any tax filings are required related to the disposition having regards to their own circumstances.

Questions and Answers About the Exchange

The following are some questions that you, as a shareholder, may have relating to the CCAA proceedings and proposed Transaction and answers to those questions. These questions and answers are of general nature and do not provide all of the information relating to the CCAA proceedings and the Transaction or the matters to be considered in connection thereto and are qualified in their entirety by the more detailed information contained elsewhere in this press release, the proceedings in front of the Superior Court of Québec (Commercial Division) (the “Court”) pursuant to the Companies’ Creditors Arrangement Act (“CCAA”) and related documentation, all of which are important and should be reviewed carefully.

Q: As a shareholder, will I receive any payment or distribution in connection with the CCAA proceedings?

A: No. Unfortunately, there is no residual value for shareholders of Residual Nemaska Lithium. Shareholders will not receive any payments for, or distributions on, their shares in connection with the CCAA proceedings.

Q: Why are my shares of Nemaska Lithium being exchanged?

A: Your shares are being exchanged (on a one-for-one basis for common shares of Residual Nemaska Lithium) as part of a reorganization of the Corporation and its affiliates. However, as indicated above, unfortunately there is no residual value for shareholders of Residual Nemaska Lithium in connection with the CCAA proceedings.

Q: Do I need to do anything to complete the exchange of my shares or contact my broker?

A: No. The context of the transaction provides an automatic exchange of shares and no action is required from shareholders to complete the Exchange. Following the Exchange, each share certificate (or other evidence of ownership of shares of the Corporation) representing shares of the Corporation shall be deemed to represent for all purposes the same number of common shares of Residual Nemaska Lithium. Accordingly, shareholders will not be required to surrender their share certificates representing shares of the Corporation.

Q: Will the common shares of Residual Nemaska Lithium, which I will receive as a result of the Exchange, have any value?

A: The common shares of Residual Nemaska Lithium will not be of any value. The Exchange is only made for reorganization purposes, and Residual Nemaska Lithium will not conduct any business activities.

Q: How can I claim my tax losses?

A: Generally, a shareholder may elect to realize a capital loss upon the Exchange by including in its income tax return for the taxation year in which the Exchange occurred the capital loss resulting from the Exchange. It is important to understand that the automatic exchange of shares upon the proposed transaction results in the deferral of the capital loss to the shareholder on his or her shares unless the shareholder elects to include any portion of the capital loss otherwise determined, in computing its income for the relevant taxation year. For this purpose, no tax form, tax slips or other similar documentation will be provided to any such shareholder. It is the shareholder’s sole responsibility to elect to realize the capital loss otherwise determined.

In any cases, shareholders should consult their own tax advisors as to the possibility of realizing a capital loss upon the Exchange as well as to obtain assistance and advice in determining the capital loss otherwise realized upon the Exchange.

Q: If I am a non-resident of Canada, what do I need to do?

A: The Corporation makes available on www.sedar.com and on the website of PricewaterhouseCoopers Inc. (the “Monitor”) certain tax documentation and forms that may be required to be completed and filed, within 10 days following the Exchange, by certain shareholders, option holders or warrant holders, as applicable, which are non-resident of Canada. All non-residents of Canada should determine with their own tax advisors if any tax filings are required related to the disposition having regards to their own circumstances.

Q: Who can I call if I have any questions?

A: You may call 514-205-5698, a number set up by the Monitor, for any questions or additional information. You should also consult with your own tax advisors as to the tax considerations resulting from the Exchange.

Next Steps in the CCAA Restructuring

The Exchange is completed four business days before the closing date of the Transaction. The Corporation will confirm by press release once the closing of the Transaction occurs.

As mentioned above, the Court also approved procedures under the CCAA in order for Residual Nemaska Lithium and its subsidiary, NMX Residual Assets Inc. to file and submit, following closing of the Transaction, a plan of compromise or arrangement to its creditors in respect of certain excluded cash of the Corporation on hand at closing, subject to certain adjustments and certain excluded assets.

More information regarding the Corporation’s situation, decisions or actions will continue to be provided on an ongoing basis, as required by applicable law or as may be determined by the Corporation or the Court. For more information, visit www.nemaskalithium.com. You can also refer to the Monitor’s website for more information regarding the CCAA procedures at https://www.pwc.com/ca/en/services/insolvency-assignments/nemaska-lithium-inc.html.

Cautionary Statement on Forward-Looking Information

All statements, other than statements of historical fact, contained in this press release including, but not limited to, those relating to the CCAA proceedings, the Transaction and the Corporation’s activities and its ability to meet its obligations, constitute “forward-looking information” and “forward-looking statements” within the meaning of certain securities laws and are based on expectations and projections as of the date of this press release. Certain important assumptions by the Corporation in making forward-looking statements include, but are not limited to, satisfaction of all closing conditions under the Transaction during the fourth quarter of 2020.

Forward-looking statements contained in this press release include, without limitation, those related to the ability of the Corporation to close the Transaction and the timing of closing, the emergence from the CCAA proceedings, and the presentation of a plan of compromise or arrangement to the creditors of Residual Nemaska Lithium and NMX Residual Assets Inc. and calling of a meeting of creditors. Forward-looking statements are based on expectations, estimates and projections as of the time of this press release. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by the Corporation as of the time of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies. These estimates and assumptions may prove to be incorrect.

Many of these uncertainties and contingencies can directly or indirectly affect, and could cause, actual results to differ materially from those expressed or implied in any forward-looking statements. In addition, there can be no assurance that the CCAA proceedings will result in the maximization of the return in respect of the Corporation’s assets and those of its subsidiaries.

Further information regarding Nemaska Lithium is available in the SEDAR database (www.sedar.com) and on the Corporation’s website at: www.nemaskalithium.com.

SOURCE:
Nemaska Lithium Inc.

MEDIA:
Gabrielle Tellier
Media Relations
514 348-0466
gabrielle.tellier@nemaskalithium.com

David Richards became the CEO of Liontown Resources Limited (ASX:LTR) in 2010, and we think it's a good time to look at the executive's compensation against the backdrop of overall company performance. This analysis will also look to assess whether the CEO is appropriately paid, considering recent earnings growth and investor returns for Liontown Resources.

Check out our latest analysis for Liontown Resources

How Does Total Compensation For David Richards Compare With Other Companies In The Industry?

Our data indicates that Liontown Resources Limited has a market capitalization of AU$485m, and total annual CEO compensation was reported as AU$556k for the year to June 2020. Notably, that's an increase of 42% over the year before. We think total compensation is more important but our data shows that the CEO salary is lower, at AU$243k.

In comparison with other companies in the industry with market capitalizations ranging from AU$272m to AU$1.1b, the reported median CEO total compensation was AU$955k. Accordingly, Liontown Resources pays its CEO under the industry median. What's more, David Richards holds AU$5.4m worth of shares in the company in their own name, indicating that they have a lot of skin in the game.

Component	2020	2019	Proportion (2020)
Salary	AU$243k	AU$263k	44%
Other	AU$312k	AU$127k	56%
Total Compensation	AU$556k	AU$390k	100%

Speaking on an industry level, nearly 70% of total compensation represents salary, while the remainder of 30% is other remuneration. Liontown Resources sets aside a smaller share of compensation for salary, in comparison to the overall industry. It's important to note that a slant towards non-salary compensation suggests that total pay is tied to the company's performance.

Liontown Resources Limited's Growth

Over the last three years, Liontown Resources Limited has shrunk its earnings per share by 54% per year. It saw its revenue drop 63% over the last year.

The decline in EPS is a bit concerning. This is compounded by the fact revenue is actually down on last year. So given this relatively weak performance, shareholders would probably not want to see high compensation for the CEO. Although we don't have analyst forecasts, you might want to assess this data-rich visualization of earnings, revenue and cash flow.

Has Liontown Resources Limited Been A Good Investment?

Boasting a total shareholder return of 890% over three years, Liontown Resources Limited has done well by shareholders. So they may not be at all concerned if the CEO were to be paid more than is normal for companies around the same size.

To Conclude…

As previously discussed, David is compensated less than what is normal for CEOs of companies of similar size, and which belong to the same industry. And although the company is suffering from declining EPS growth over the past three years, shareholder returns remain strong. Although we'd like to see positive EPS growth, we'd argue the remuneration is modest, based on our observations.

It is always advisable to analyse CEO pay, along with performing a thorough analysis of the company's key performance areas. In our study, we found 4 warning signs for Liontown Resources you should be aware of, and 2 of them can't be ignored.

Arguably, business quality is much more important than CEO compensation levels. So check out this free list of interesting companies that have HIGH return on equity and low debt.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com.

CHIBOUGAMEAU, QC, Nov. 24, 2020 /CNW/ – Quebecers know that high-speed Internet access is no longer a luxury; it is essential for everyone, including those living in rural and remote regions.

The current crisis has highlighted how much we all rely on high-speed Internet, and this need is sure to be even greater in the future. Now more than ever, it is essential that people have access to reliable, affordable high-speed Internet in their homes so they can work, learn, and communicate with loved ones.

Today, Will Amos, Parliamentary Secretary to the Minister of Innovation, Science and Industry (Science), along with Quebec representatives Gilles Bélanger, Member of the National Assembly for Orford and Parliamentary Assistant to the Minister of Economy and Innovation (economy and high-speed Internet), and Denis Lamothe, Member of the National Assembly for Ungava and Parliamentary Assistant to the Minister Responsible for Indigenous Affairs and Parliamentary Assistant to the Minister of Forests, Wildlife and Parks (wildlife and parks), announced an investment of over $16.5 million in the Eeyou Communications Network, a not-for-profit telecommunications corporation that provides broadband carrier services for the Cree communities of Eeyou Istchee and municipalities of the James Bay region.

This project will deliver a backbone network of optical fibre technology that will provide reliable, high-speed broadband to 16 communities, as well as a last-mile network using optical fibre technology to reach underserved households in three of these communities in the Nord-du-Québec and Mauricie regions. Moreover, the last-mile networks will improve broadband capacity for 6,176 underserved households in these regions.

Thanks to work that was recently completed in Matagami, Chapais, Lebel-sur-Quévillon and Chibougamau, the project in the Nord-du-Québec region can now serve 5,826 additional households and 252 additional businesses.

Funding is being provided as follows:

$5 million through the Government of Canada's Connect to Innovate program
$3.3 million from the Connected Quebec program
$6.7 million from the Plan Nord Corporation
$1.2 million from the James Bay Regional Authority
$324,494 from Indigenous Services Canada

Quotes

"High-speed Internet service is key to the success of residents in rural regions of Quebec. The COVID-19 crisis has shown us how important it is to be able to access the digital world—now more than ever. By investing in this new project through the Connect to Innovate program, we are continuing to bridge the digital divide so Canadians in Quebec's rural regions can also benefit from all the advantages the digital world has to offer. To date, the Government of Canada has invested over $213 million in 54 projects, which will connect up to 250,293 households in Quebec."
– Will Amos, Parliamentary Secretary to the Minister of Innovation, Science and Industry (Science)

"We are committed to ensuring that all Quebecers have access to high-speed Internet, and we are more determined than ever to achieve our goal. The pandemic has disrupted the way people work and buy online, and so it is imperative that everyone can benefit from this essential service. The successful work of the Eeyou Communications Network has resulted in significant improvements to the network offered in the James Bay region."
– Gilles Bélanger, Member for Orford and Parliamentary Assistant to the Quebec Minister of Economy and Innovation (economy and high-speed Internet)

"In the pursuit of our goal of providing Internet access to all, every new business and home served by reliable broadband Internet service is a victory. I am very pleased to see these investments finally taking shape for communities in the Nord-du-Québec region. For our government, it is essential to ensure effective access to communication networks in remote areas. This news will have a direct influence on the daily lives of many of our fellow citizens."
– Pierre Dufour, Quebec Minister of Forests, Wildlife and Parks and Minister responsible for the Abitibi-Témiscamingue region and the Nord-du-Québec region

"This project proceeded smoothly through exemplary collaboration with the Eeyou Communications Network, a non-profit organization that brings together the region's Cree and non-Aboriginal communities. The secure and sustainable network infrastructure will make it possible to provide better high-speed Internet access to communities of the James Bay region. I am convinced that this development will contribute to the vitality of our communities and to the growth of the economy of the Nord-du-Québec region."
– Denis Lamothe, Member for Ungava, Parliamentary Assistant to Quebec's Minister Responsible for Indigenous Affairs and Parliamentary Assistant to the Minister of Forests, Wildlife and Parks (wildlife and parks)

"The implementation of a powerful Internet network is a real challenge in northern Quebec because of the remoteness of the major centres and the size of the territory. However, access to digital technologies is essential to the development and vitality of northern communities. That is why the Plan Nord Corporation was involved in the financing of this major project. We thank the Eeyou Communications Network which has, once again, been able to carry out this initiative."
– Jonatan Julien, Quebec Minister of Energy and Natural Resources and Minister responsible for the Côte-Nord Region

Quick facts

On November 9, the Government of Canada launched the Universal Broadband Fund (UBF). This investment of $1.75 billion will help connect the regions of Quebec to high-speed Internet, faster.
Through UBF investment, the federal government has taken immediate action by launching a $150 million Rapid Response Stream to fund shovel-ready projects that can bring high-speed Internet to communities within the next 12 months.
The Government of Canada has also entered into a $600 million agreement to secure high-speed Internet access for Canada's most remote areas—including the Far North—through Telesat's low Earth orbit satellite constellation.
The Connect to Innovate program aims to improve high-speed Internet service in rural and remote communities across Canada.
The Québec broadband program was launched in 2019. It has three streams:

Associated links

Stay connected

Follow Innovation, Science and Economic Development Canada on Twitter: @ISED_CA

Follow Canada Economic Development for Quebec Regions on Twitter: @CanEconDev

Follow the Ministry of Economy and Innovation on social media:

Twitter: twitter.com/economie_quebec
Facebook: www.facebook.com/EconomieQc
LinkedIn: www.linkedin.com/company/économie-québec
YouTube: www.youtube.com/user/MDEIEQuebec

SOURCE Innovation, Science and Economic Development Canada

Cision

View original content: http://www.newswire.ca/en/releases/archive/November2020/24/c1915.html

VANCOUVER, British Columbia, Nov. 24, 2020 (GLOBE NEWSWIRE) — Aben Resources Ltd. (TSX-V: ABN) (OTCQB: ABNAF) (Frankfurt: E2L2) (“Aben” or “the Company”) announces that the Company’s Board of Directors has approved the amendment of certain common share purchase warrants (the “Warrants”), that were issued by way of private placement, by extending the expiry date one additional year.

The Warrants affected are 8,560,000 share purchase warrants issued on June 29, 2017 with an expiry date of December 29, 2020 and exercisable at $0.15 per common share. The new expiry date will be December 29, 2021 and the exercise price shall remain the same. The Company will not be sending out new warrant certificates unless requested by the holder. The warrant amendment remains subject to the approval of the TSX Venture Exchange.

Aben also announced the appointment of Simon Dyakowski as a director of the company. Mr. Dyakowski is currently CEO of Aztec Minerals Corp. and GSP Resource Corp., both TSXV-listed mineral exploration companies.

About Aben Resources:

Aben Resources is a Canadian gold exploration company developing gold-focused projects in British Columbia and the Yukon Territory. Aben is a well-funded junior exploration company.

Forrest Kerr Gold Project, Golden Triangle, BC claims map:
https://abenresources.com/site/assets/files/4087/abn_forrest_kerr_project_map.pdf

For further information on Aben Resources Ltd. (TSX-V: ABN), visit our Company’s web site at www.aben resources.com.

ABEN RESOURCES LTD.

“Jim Pettit”
______________________
JAMES G. PETTIT
President & CEO

^{For further information contact:}
^{Aben Resources Ltd.}
^{Telephone: 604-687-3376}
^{Toll Free: 800-567-8181}
^{Facsimile: 604-687-3119}
^{Email: info@abenresources.com}

^{Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.}

^{This release includes certain statements that may be deemed to be "forward-looking statements". All statements in this release, other than statements of historical facts, that address events or developments that management of the Company expects, are forward-looking statements. Although management believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results or developments may differ materially from those in the forward-looking statements. The Company undertakes no obligation to update these forward-looking statements if management's beliefs, estimates or opinions, or other factors, should change. Factors that could cause actual results to differ materially from those in forward-looking statements, include market prices, exploration and development successes, continued availability of capital and financing, and general economic, market or business conditions. Please see the public filings of the Company at www.sedar.com for further information.}

Long term investing can be life changing when you buy and hold the truly great businesses. While the best companies are hard to find, but they can generate massive returns over long periods. Don't believe it? Then look at the Mincor Resources NL (ASX:MCR) share price. It's 318% higher than it was five years ago. If that doesn't get you thinking about long term investing, we don't know what will. On top of that, the share price is up 36% in about a quarter.

Check out our latest analysis for Mincor Resources

Because Mincor Resources made a loss in the last twelve months, we think the market is probably more focussed on revenue and revenue growth, at least for now. Shareholders of unprofitable companies usually expect strong revenue growth. As you can imagine, fast revenue growth, when maintained, often leads to fast profit growth.

In the last 5 years Mincor Resources saw its revenue shrink by 11% per year. This is in stark contrast to the strong share price growth of 33%, compound, per year. Obviously, whatever the market is excited about, it's not a track record of revenue growth. At the risk of upsetting holders, this does suggest that hope for a better future is playing a significant role in the share price action.

The graphic below depicts how earnings and revenue have changed over time (unveil the exact values by clicking on the image).

It's probably worth noting we've seen significant insider buying in the last quarter, which we consider a positive. That said, we think earnings and revenue growth trends are even more important factors to consider. So it makes a lot of sense to check out what analysts think Mincor Resources will earn in the future (free profit forecasts).

A Different Perspective

It's nice to see that Mincor Resources shareholders have received a total shareholder return of 65% over the last year. That's better than the annualised return of 33% over half a decade, implying that the company is doing better recently. Someone with an optimistic perspective could view the recent improvement in TSR as indicating that the business itself is getting better with time. I find it very interesting to look at share price over the long term as a proxy for business performance. But to truly gain insight, we need to consider other information, too. Like risks, for instance. Every company has them, and we've spotted 2 warning signs for Mincor Resources (of which 1 shouldn't be ignored!) you should know about.

Mincor Resources is not the only stock that insiders are buying. For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.

Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on AU exchanges.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com.

THUNDER BAY, Ontario, Nov. 20, 2020 (GLOBE NEWSWIRE) — MetalCorp Limited (“MetalCorp”) (TSXV – MTC) is pleased to announce that it has entered into an earn-in agreement (the “Earn-In Agreement”) with Barrick Gold Inc. (“Barrick”), a wholly-owned subsidiary of Barrick Gold Corporation, relating to MetalCorp’s Hemlo East gold property (the “Hemlo East Property”) located about 350 kilometers east of Thunder Bay, Ontario. Barrick is currently operating the Williams and David Bell Gold Mines which are adjacent to the Hemlo East Property. Over 21 million ounces of gold have been produced to date from the Hemlo gold deposits. The Earn-In Agreement is subject to acceptance by the TSX Venture Exchange.

“We are pleased to enter into this agreement with Barrick and look forward to our joint venture with them,” commented Donald Sheldon, the Chief Executive Officer of MetalCorp. “Our shareholders recognize the value of the Hemlo East property and we have always believed in the potential it represents for creating value for their investment. We believe that in Barrick we have secured the right joint venture party to move this project forward.”

The Earn-In Agreement provides that Barrick has the right and option to earn an 80% interest in the Hemlo East Property upon satisfaction of the following conditions:

(a)	Barrick paying Cdn$3,000,000 (the “Initial Payment”) to MetalCorp on or before the third business day following TSX Venture Exchange acceptance of the Earn-In Agreement (the date of such payment being the “Initial Payment Date”);

(b)	Barrick funding expenditures on the Hemlo East Property as follows: (A) at least Cdn$700,000 (the “Guaranteed Amount”) on or before the first anniversary of the Initial Payment Date; and (B) at least Cdn$4,500,000 (including the Guaranteed Amount) on or before the third anniversary of the Initial Payment Date; and

(c)	Barrick delivering a National Instrument 43-101 technical report in respect of the Hemlo East Property on or before the third anniversary of the Initial Payment Date.

During the earn-in period, Barrick will be the operator of the Hemlo East Property and will manage and execute all exploration programs and spending on the Hemlo East Property.

Barrick may withdraw from the earn-in at any time, provided it has paid to MetalCorp the Cdn$3,000,000 Initial Payment and fulfilled its obligation to fund the Cdn$700,000 Guaranteed Amount of expenditures on the Hemlo East Property.

After completion of the earn-in, Barrick and MetalCorp will form a joint venture company (“JVCo”), to hold the Hemlo East Property, to be owned 80% by Barrick and 20% by MetalCorp with funding on a pro-rata basis. Dilution of a shareholder’s interest below 10% will result in the conversion of the interest to a 2% Net Smelter Return royalty. The party holding a majority of shares will be the operator of the JVCo.

METALCORP
MetalCorp is a mineral exploration company based in Thunder Bay, Ontario, with gold, PGE and base metal projects in the Canadian Shield of Northern Ontario, Canada, one of the most prolific mineral districts in the world. To find out more about MetalCorp visit its website at www.metalcorp.ca.

For further information, please contact:
	Pierre Gagné, Director
	Phone: (807) 626-3621
	info@metalcorp.ca

Caution Regarding Forward-Looking Information
Except for statements of historical fact contained herein, information in this press release may constitute "forward-looking information" within the meaning of Canadian securities laws. Other than statements of historical fact, all statements herein that involve various known and unknown risks, uncertainties and other factors are "forward-looking information" (such forward-looking information includes, without limitation, statements regarding TSX Venture Exchange acceptance of the Earn-In Agreement and completion of the earn-in and formation of JVCo). There can be no assurance that such statements will prove accurate. Results and future events could differ materially from those anticipated in such statements. Factors that could cause actual results or events to differ materially from current expectations include, among other things, failure to obtain TSX Venture Exchange acceptance of the Earn-In Agreement. Readers of this news release are cautioned not to place undue reliance on these "forward-looking statements". Except as otherwise required by applicable securities statutes or regulation, MetalCorp expressly disclaims any intention or obligation to update publicly any forward-looking information, whether as a result of new information, future events or otherwise.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy, accuracy or contents of this news release.

VANCOUVER, BC / ACCESSWIRE / November 19, 2020 / Belmont Resources Ltd. (TSXV:BEA)(FRA:L3L2)is pleased to announce that results from the recently completed Volterra 3D-IP survey on the company's A-J gold property have been received and interpreted. These results have identified several strong anomalies that are slated for drill testing.

A-J Mines & Mineralized Trends

During 2020, the company acquired the A-J project, compiled historic data, and carried out systematic exploration to advance the project to its current drill-ready stage. A Lidar survey was flown, as well as a drone-based magnetic survey, before conducting the recent 3DIP survey. The IP survey consisted of 100 m spaced lines ranging from 600 – 900 m in length which straddled the zones of known mineralization on the property. The results from detailed geological mapping on the property and the recently completed drone magnetic survey and Lidar data have been used to interpret the 3DIP results and to identify and prioritize targets for drilling in late 2020 or early 2021.

The important 1 km long by 200 m wide zone of listwanite, which hosts all of the known zones of gold mineralization on the property, is defined by a strong resistivity anomaly. The resistivity high anomaly is interpreted as representing silica altered rock which includes quartz veining and listwanite.

A-J Trend 3DIP Resistivity Cross Section

The resistivity anomaly is underlain at depth by a strong chargeability anomaly, measuring 800 x 1000 m and lies approximately 300m below the A-J mineralized trend and Athelstan and Jackpot mines which collectively produced 7,000 ozs Au & 9,000 ozs Ag (Minfile 082ESE047). The A-J Mine Group was one of the most productive gold mines in the area.

A-J Trend Chargeability Cross Section

On surface, disseminated sulfides occur within dykes and tongues of altered porphyritic intrusive that both cut and underlie the north-dipping band of listwanite. The large chargeability anomaly may reflect important mineralization within a large intrusive body and could be the causative source of mineralization at surface.

Historic diamond drilling on the A-J property (1981, 1987, 1991) were primarily very shallow holes. The chargeability anomaly is untested by previous drilling on the property, as are the high-priority portions of the resistivity anomaly.

Consulting Geologist Linda Caron, M.Sc., P.Eng, commented "I am so pleased with the systematic exploration work that Belmont is conducting on the A-J property and how this new information is aiding in our interpretation of gold mineralization on the project. There are many historic exploration pits and workings exposed on surface, but historical exploration on the property has failed to trace this mineralization to depth. Belmont's IP survey has now identified a strong chargeability anomaly, at depth below the surface mineralization. This area has not been previously drilled, and may indicate the larger source body of mineralization that we're searching for."

Consulting Geophysicist Sergio Espinosa, Ph.D., P.Geo, commented "What is notable are the coinciding and relatively high anomalous values of both resistivity and chargeability. These anomalies appear to be related to favourable geological conditions making them very compelling drill targets for an upcoming drill program."

George Sookochoff, President & CEO commented "2020 has been a very busy year for the Belmont team. I am extremely pleased with the amount work we have accomplished in a very short period of time. With each exploration program we have gained more confidence that our upcoming drill program will be successful in delineating the source of the extensive gold mineralization at surface".

The Company is awaiting approval of a 5-year area-based drill permit application.

Listwanite

Known gold mineralization on the property is primarily hosted within listwanite. High-grade, coarse native lode gold in the North American Cordillera is characteristically found in quartz veins hosted by listwanite-altered, igneous ophiolitic crustal rocks in proximity to listwanite-altered ultramafic rocks.

Listwanite is directly associated with several multi-million ounce gold deposits in Atlin, Bralorne and Barkerville districts of British Columbia as well as the Motherlode Gold District in California.

About Belmont Resources Inc.

The Company's project portfolio includes:

– Athelstan & Jackpot Gold mines (Athelstan-Jackpot property – 100%)

– Bertha & Pathfinder Gold-Silver mines (Pathfinder property – 100%).

– Betts Copper-Gold mine (Come By Chance property – 100%)

– Lone Star Copper-Gold mine (Lone Star Property – LOI)

Belmont Property Map

Qualified Person

Linda Caron, M.Sc., P.Eng. is the qualified person under National Instrument 43-101 who as reviewed and approved the technical content of this news release.

ON BEHALF OF THE BOARD OF DIRECTORS

"George Sookochoff"

George Sookochoff, CEO/President

This Press Release may contain forward-looking statements that may involve a number of risks and uncertainties, based on assumptions and judgments of management regarding future events or results that may prove to be inaccurate as a result of exploration and other risk factors beyond its control. Forward looking statements in this news release include statements about the possible raising of capital and exploration of our properties. Actual events or results could differ materially from the Companies forward-looking statements and expectations. These risks and uncertainties include, among other things, that we may not be able to obtain regulatory approval; that we may not be able to raise funds required, that conditions to closing may not be fulfilled and we may not be able to organize and carry out an exploration program in 2020, and other risks associated with being a mineral exploration and development company. These forward-looking statements are made as of the date of this news release and, except as required by applicable laws, the Company assumes no obligation to update these forward-looking statements, or to update the reasons why actual results differed from those projected in the forward-looking statements.

SOURCE: Belmont Resources Inc.

View source version on accesswire.com:
https://www.accesswire.com/617511/Belmont-3DIP-Survey-Identifies-Strong-Chargeability-Resistivity-Anomalies-Beneath-Athelstan-and-Jackpot-Gold-Mines

We've lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly. On the other hand, we'd be remiss not to mention that insider sales have been known to precede tough periods for a business. So before you buy or sell Silver City Minerals Limited (ASX:SCI), you may well want to know whether insiders have been buying or selling.

What Is Insider Selling?

It's quite normal to see company insiders, such as board members, trading in company stock, from time to time. However, such insiders must disclose their trading activities, and not trade on inside information.

We would never suggest that investors should base their decisions solely on what the directors of a company have been doing. But logic dictates you should pay some attention to whether insiders are buying or selling shares. For example, a Columbia University study found that 'insiders are more likely to engage in open market purchases of their own company’s stock when the firm is about to reveal new agreements with customers and suppliers'.

Check out our latest analysis for Silver City Minerals

Silver City Minerals Insider Transactions Over The Last Year

In the last twelve months, the biggest single purchase by an insider was when insider John Gaffney bought AU$486k worth of shares at a price of AU$0.016 per share. So it's clear an insider wanted to buy, at around the current price, which is AU$0.018. While their view may have changed since the purchase was made, this does at least suggest they have had confidence in the company's future. We do always like to see insider buying, but it is worth noting if those purchases were made at well below today's share price, as the discount to value may have narrowed with the rising price. The good news for Silver City Minerals share holders is that insiders were buying at near the current price.

Silver City Minerals insiders may have bought shares in the last year, but they didn't sell any. Their average price was about AU$0.013. To my mind it is good that insiders have invested their own money in the company. However, you should keep in mind that they bought when the share price was meaningfully below today's levels. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of growing companies that insiders are buying.

Insider Ownership

Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Insiders own 25% of Silver City Minerals shares, worth about AU$2.1m. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.

So What Does This Data Suggest About Silver City Minerals Insiders?

There haven't been any insider transactions in the last three months — that doesn't mean much. However, our analysis of transactions over the last year is heartening. Insiders own shares in Silver City Minerals and we see no evidence to suggest they are worried about the future. So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. To assist with this, we've discovered 3 warning signs that you should run your eye over to get a better picture of Silver City Minerals.

But note: Silver City Minerals may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com.

Vancouver, British Columbia–(Newsfile Corp. – November 17, 2020) – Eastern Platinum Limited (TSX: ELR) (JSE: EPS) ("Eastplats" or the "Company") announces that it has received the written reasons for judgment of the Court of Appeal for British Columbia dismissing the appeal of the petition filed by 2538520 Ontario Limited, seeking leave to commence a derivative action against certain of its current and former directors in relation to the transactions between the Company and Union Goal Offshore Solutions Limited (See News Releases of November 9, 2018 and February 11, 2019).

"The Company is pleased with the Appeals Court dismissal. Eastplats can renew its efforts to focus on its current operations and other opportunities in South Africa," commented Ms. Diana Hu, the Company's President and Chief Executive Officer.

For further information, please contact:

EASTERN PLATINUM LIMITEDRowland Wallenius, Chief Financial Officerrwallenius@eastplats.com (email)(604) 800-8200 (phone)

Cautionary Statement Regarding Forward-Looking Information

In particular, this press release contains forward-looking statements pertaining to the Company's activities, operations and other activity in South Africa. These forward-looking statements are based on assumptions made by and information currently available to the Company. Although management considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect. By their very nature, forward-looking statements involve inherent risks and uncertainties and readers are cautioned not to place undue reliance on these statements as a number of factors could cause actual results to differ materially from the beliefs, plans, objectives, expectations, estimates and intentions expressed in such forward-looking statements. These factors include, but are not limited to, unanticipated problems that may arise in our production processes, commodity prices, lower than expected grades and quantities of resources, need for additional funding and availability of such additional funding on acceptable terms, economic conditions, currency fluctuations, competition and regulations, legal proceedings and risks related to operations in foreign countries.

No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRE SERVICES

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/68334

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What Is Insider Buying?

MetalCorp Insider Transactions Over The Last Year

Insiders at MetalCorp Have Bought Stock Recently

Does MetalCorp Boast High Insider Ownership?

So What Do The MetalCorp Insider Transactions Indicate?

Hannans Insider Transactions Over The Last Year

Insider Ownership

So What Do The Hannans Insider Transactions Indicate?

How Does Total Compensation For Greg Hall Compare With Other Companies In The Industry?

A Look at Alligator Energy Limited's Growth Numbers

Has Alligator Energy Limited Been A Good Investment?

To Conclude…

The Last 12 Months Of Insider Transactions At Syrah Resources

Does Syrah Resources Boast High Insider Ownership?

What Might The Insider Transactions At Syrah Resources Tell Us?

When Might Liberty One Lithium Run Out Of Money?

How Is Liberty One Lithium's Cash Burn Changing Over Time?

Can Liberty One Lithium Raise More Cash Easily?

Is Liberty One Lithium's Cash Burn A Worry?

Do Insider Transactions Matter?

The Last 12 Months Of Insider Transactions At DevEx Resources

Does DevEx Resources Boast High Insider Ownership?

So What Do The DevEx Resources Insider Transactions Indicate?

Why Does Debt Bring Risk?

What Is Aerometrex's Net Debt?

How Strong Is Aerometrex's Balance Sheet?

Summing up

A Different Perspective

How Does Total Compensation For Gavin Lockyer Compare With Other Companies In The Industry?

Arafura Resources Limited's Growth

Has Arafura Resources Limited Been A Good Investment?

In Summary…

What Does The Institutional Ownership Tell Us About Paladin Energy?

Insider Ownership Of Paladin Energy

General Public Ownership

Private Equity Ownership

Next Steps:

What Is Insider Selling?

The Last 12 Months Of Insider Transactions At Comstock Metals

Does Comstock Metals Boast High Insider Ownership?

What Might The Insider Transactions At Comstock Metals Tell Us?

How Does Total Compensation For David Richards Compare With Other Companies In The Industry?

Liontown Resources Limited's Growth

Has Liontown Resources Limited Been A Good Investment?

To Conclude…

A Different Perspective

What Is Insider Selling?

Silver City Minerals Insider Transactions Over The Last Year

Insider Ownership

So What Does This Data Suggest About Silver City Minerals Insiders?

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