NRN, TUO, MTA
Northern Shield Resources aka NRN has managed to raise enough money for a drill programme starting in a month on their Root & Cellar Au/Ag/Te prospect in Newfoundland.
They have a new visual which shows how they think the Conquest Zone they have been exploring is the top of an epithermal low sulfidation porphyry. If they are right, this could be their first meaningful discovery in more than a decade exploring a number of different properties.
We'll see what the drill bit has to say.
Message 35137911
Teuton Resources aka TUO announced they have completed the spinout of the share of Luxor Metals, so if you owned TUO shares as of Feb. 14, watch for the Luxir shares to appear in your account in the coming days.
Luxor has been given the rights to over 20k hectares of TUO's properties in BC's Golden Triangle plus $1.9M In return TUO was given almost 20M Luxor shares which will be distributed to TUO shareholders at a deemed price of 22 cents a share.
Message 35138047
Metalla Royalty & Streaming aka MTA released its Q1 results, and I would describe them as mixed. They came in with a slight loss, as expected, while sales of 628 GEO was below expectations, with costs higher than last quarter at $11/GEO.
MTA is still in good financial shape, with a cash stash at the end of Q1 of $9M vs. debt of $16.1M, with more than $30M of available credit undrawn.
sThe saving grace is that MTA maintained annual guidance on the expectation of increased Sales in H2. I continue to hold my shares on the expectation of future M&A, and the possibility of a share price increase as sales increase.
Message 35137920
FWIW, BMO released a new analyst report on MTA Calling the results below expectations, they still maintained MTA at Market Perform with a target of $7.
FWIW, Scotia issued a new analyst report on MTA. Calling the Q1 results neutral, they maintained MTA at Sector Perform with a target of $US4.50. |
