Weekly Summary - QIS Blog – September 8, 2017 - September 8th 2017
Weekly Summary - QIS Blog – September 8, 2017
We are in the process of compiling the next QIS Update to be sent out to subscribers soon. A couple of QIS Capital’s Feature Companies have recently issued news releases with key operational updates.
The Fall 2017 Small-Cap Conference in Calgary is planned for November 14 at the Coast Plaza Hotel and Conference Centre. Registration is now available online at: http://www.smallcapconference.ca/register.
We are always looking for new investment ideas and are open to researching any promising companies discussed in this forum or presented to us via email or phone call. As always, we have a preference for those stocks which are fundamentally sound, undervalued and underfollowed.
NTG Clarity Networks (NCI:TSX-V) recently announced an extension to its credit facility.
NTG Clarity news link: https://www.thenewswire.com/archives?id=Av7FeO0E
QIS Capital Update #10 was sent out to subscribers on August 17, 2017. It included all of the latest announcements from Fairmont Resources (FMR:TSX-V), Newlox Gold Ventures (LUX:CSE), NTG Clarity Networks (NCI:TSX-V), and Opawica Explorations (OPW:TSX-V).
To receive QIS Capital’s email updates directly in your inbox as they are issued, please sign up for free at: http://www.smallcaps.ca/investor_signup. We typically send out 3-4 email updates per month.
Following the Monday holiday that saw all major Canadian and U.S. markets closed, each of the indices that we track in this section of the blog was in a loss position at the end of the week. The S&P TSX Venture Composite Index shed a combined 6.43 points to close on Friday at 772.02 points. Canada’s benchmark index, the S&P TSX Composite, delivered losses each day this week, losing a total of206.28 points to finish at 14,985.32 points. South of the border as the United States awaits another massive storm to reach Florda, the Dow Jones Industrial Average also posted a lower weekly close. The Dow Jones finished on Friday at 21,797.79 points, which was 189.77 points lower than last week’s close.
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Company to Watch
Keep an eye on Newlox Gold Ventures (LUX:CSE) currently $0.06. The company has completed a $1 million revenue sharing agreement, is currently upgrading its processing circuit, has installed a new on-site laboratory to ensure tight control over feedstock grades and processing efficiencies, and is nearing the recommencement of small-scale gold production.
The company will likely never be a larger scale producer, but with gold prices of over US$1350 per oz, an abundance of readily available stockpiles, and a small and efficient production circuit, Newlox is looking to become a highly profitable producer with a goal to generating profits and dividends for its shareholders.
Newlox currently has a market capitalization of just $3.6 million. We should be seeing additional news on the facility upgrades and production commencement in the coming weeks.
Disclaimer: This article is for informational purposes only. The information contained within this article should not be construed as offering investment advice. Those seeking direct investment advice should consult a qualified, registered, investment professional. BOEs may be misleading, particularly if used in isolation. A BOE conversion ratio of 6 Mcf: 1bbl is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead. The company profiled assumes no liability for the information presented. This is not a direct or implied solicitation to buy or sell securities. Readers are advised to conduct their own due diligence prior to considering buying or selling any stock. The author(s) owns directly or 4,566,398 shares of Newlox Gold Ventures Corp., and 1,551,000 shares of NTG Clarity Networks Inc. QIS Capital may have a financial relationship with these companies and may trade in the stocks mentioned. No stock exchange has approved or disapproved of the information contained herein. Copyright © 2003 - 2017 QIS Capital Corporation.