QIS Update #15 - 2016 - Fairmont Resources article published, NTG Clarity announced $800,000 letter of intent - July 12th 2016
Included in this update:
- Fairmont Resources article published on Stockhouse
- NTG Clarity announces $800,000 letter of intent from new customer
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Fairmont Resources Inc. (FMR:TSX-V)
Current Price: $0.19 (coverage commenced February 18/16 - $0.025)
Fairmont Resources was recently published on the Stockhouse website. A link and the full article are included below.
Fairmont Resources scales the boards with lucrative lithium opportunity
Fairmont Resources (TSX: V.FMR, Forum) isn't sitting around waiting for the small-cap resource sector to rebound - it's starting the rebound itself. Fairmont's stock has more than tripled in the last month and it isn't just luck. The company has completed some major acquisitions in a depressed marketplace and is moving forward not only on the exploration side but on the production and cash flow side as well.
Fairmont successfully completed a small financing, which is a significant feat alone in this tight-capital market, and is on the verge of closing a major financing to complete the purchase of one of the larger granite producing assets in Europe that will bring near term cash flow through existing inventory sales and the re-commencement of production for finished granite products.
What's more is that the company has acquired a very prospective lithium property in Quebec, right next door to a formerly producing lithium mine which was just sold for approximately $200 million. Fairmont has obviously found the secret for success in a poor market and is just beginning to show some of its potential in a market which is still poised for a significant rebound.
"Fairmont Resources is positioning itself to be the antithesis of small cap resource stocks that led to the crash of the TSX Venture Exchange. Whereas those "companies" - if you can call them that - focused on promoting the paper bought by friends and family at cheap prices without a business plan, Fairmont intends to be the leading face of junior resource stocks by building a real company, with powerful foundations.”
“To this end, our acquisition of Grabasa out of bankruptcy will provide us with a solid underlying business that will generate significant cash flow, make us one of the largest Granite producers in Europe and bolster our balance sheet with significant assets that we acquired for pennies on the dollar. With that foundation in place, we can comfortably develop our Quebec based Quartz and Lithium properties without the pressures of constantly looking for cash. This is what small cap investors want and this is what Fairmont is going to give them."
NTG Clarity Networks Inc. (NCI:TSX-V)
Current Price: $0.115 (coverage commenced Feb. 4/10 - $0.045)
NTG Clarity Networks Inc. has announced that the company has received an $800,000 Letter of Intent (LOI) from a new customer, who is a leading mobile operator in the Gulf region, to provide software development and architecture resources. NTG will begin work in July 2016 and the LOI extends for one year duration.
“At NTG Clarity, we have worked hard on executing our strategy of establishing ourselves as a leading provider of quality telecom software products and services in the Gulf region. This LOI reflects the increasing satisfaction and confidence of our customers with regards to our extensive expertise in telecom systems and operator requirements.” said Ashraf Zaghloul, NTG Clarity’s Chairman and CEO.
QIS Capital: It’s great to see a new contract from NTG Clarity as the company continues to diversify its customer base. We hope to see more contract announcements over the next few months. NTG Clarity also continues to work on its convertible debenture to improve working capital. Anyone interested in the 12% convertible debenture should contact QIS Capital.
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 indirectly 1,119,000 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 - 2016 QIS Capital Corporation.