The following companies have significant upcoming news catalysts that are expected in the next 30 days which have the potential to move the listed companies’ stock: Goldgroup Mining (TSX:GGA), Primary Petroleum (TSXV:PIE), Energizer Resources (TSX:EGZ), Elemental Minerals (TSXV:ELM), ESO Uranium Corp. (TSXV:ESO), Passport Potash (TSXV:PPI), Highbank Resources (TSXV:HBK).
Savvy investors, brokers, and institutional investors try to identify future news items or “Catalysts” that address significant company milestones. Identifying and anticipating these news items can greatly influence an investor’s success.
Following are significant upcoming news catalysts that are expected in the next 30 days which have the potential to move the listed companies’ stock. These news catalysts are a reminder of already publicly released plans.
April 2012 News Catalysts
Goldgroup Mining (TSX:GGA) is still waiting to receive metallurgical results from its wholly owned Cabillo Blanco project in Mexico. These results should provide the basis for a preliminary economic assessement (PEA) also expected to be released in the second quarter. The PEA was expected to be released in the first quarter, but the timeline has now been pushed back. Goldgroup has a market capitalization of $180 million and $33 million in the bank.
Passport Potash (TSXV:PPI, OTCQX:PPRTF) had hoped to table its initial resource estimate on its Holbrook potash property in Arizona during the first quarter this year. The company now states it hopes to publish the estimate in the next 45 days. Passport Potash has a market capitalization of $51.6 million and roughly $7 million in the bank.
Primary Petroleum (TSXV:PIE) commenced a vertical stratigraphic test-drilling program in Nov. 2011 on its Pondera-Teton Southern Alberta Basin project in NW Montana. The company recently completed drilling its fourth vertical well in the planned program of six wells. All vertical wells have been logged to collect extensive well data along with a 120 ft (36.5metre) section of core from the Bakken-Three Forks and adjacent formations for analysis.
PIE has received core data from its first two wells and is pleased with the preliminary results. The six-well vertical program is estimated to complete by the middle of April and a more detailed update will be disseminated, once all data from the vertical program has been evaluated. The company has a market capitalization of $85 million and has $20 million in the bank.
Energizer Resources (TSX:EGZ, OTCBB:ENZR, FWB:YE5) expects to receive additional assay results from its 2011 exploration program on its Green Giant property in Madagascar. So far, the Company has received results from 3 of the 6 diamond drill holes collared in the Fondrana zone. Energizer has a market capitalization of $40 million and $6.5 million in its coffers.
Elemental Minerals (TSXV:ELM) is in the midst of a 41 hole (9600 metre) drilling program on its 93% owned Sintoukola Potash project in the Republic of Congo. The company anticipates to table an updated resource estimate by the end of April. Current indicated resources stand at 362 million tonnes averaging 19.48% K20. An additional 442 million tonnes averaging 19.57% K20 are classified as inferred. Elemental Minerals has a market capitalization of about $300 million and has approximately $45 million in the bank.
ESO Uranium Corp (TSXV:ESO) and 50% Joint Venture partner Fission Energy (TSXV: FIS), are expecting to start seeing results this month from a 14 hole (2,100 metre) drill program at their Patterson lake South property in the Athabasca Basin in Saskatchewan. ESO has a market Capitalizaiton of $9 million and about $1 million in the bank.
Highbank Resources (TSXV:HBK) and JV partner MOAG Copper Gold Resources (CNSX: MOG) report that they have completed the logging and sampling of drill core from the 1st phase diamond drilling program (1,547 meters) that was completed on their highland Valley project near Kamloops British Columbia. Assays are expected shortly. The company recently announced it was raising up to $700,000 in a private placement financing. HBK’s current market capitalization is about $4.3 million.