Terrace Energy defer interest repayment – a sign of industry problems to come?

Terrace Energy Corp {TSX.V: TZR} have announced they will not be paying the 8% interest due on their convertible loan notes due on 31st January 2016.

Clearly as a result of low oil prices, this does not put them in immediate default, but it begs the question, if oil prices remain at current levels can they pay the next installment due 31st April 2016? Continue reading

Inovio Pharmaceuticals Awarded Grant to Advance Needle-free Vaccine Delivery Device

Inovio pharmaceuticals {NASDAQ: INO} have received a $500,000 grant to advance a needle free vaccine delivery from the US Army.

This is a needle free skin surface multiple vaccine delivery system, akin to that seen in Star Trek episodes since the mid 1960’s. Once again a fictional technology becomes a reality! Continue reading

Condor Gold – Termination of Strategic Review and Sale Process

Condor Gold {AIM: CNR} has announced that it has terminated, with immediate effect, its strategic review incorporating a formal sale process as defined by The Takeover Code.

Shareholders are now considering what the next step is going to be, as their cash in hand is approaching the level where a placing will be required before too much longer. Continue reading

Nymox director James Robinson continues to add to his significant holding

Nymox Pharmaceutical Corp {NASDAQ: NYMX} Director James George Robinson continued his spate of recent purchases by buying another 20,000 shares in the company.

Robinson is showing huge confidence by continuing to buy in the market in a series of purchases, and now holds a significant investment in US$ terms in the company. Continue reading

Crude oil falls below $30 for the first time in 12 years

The price of crude oil has fallen below $30 for the first time in 12 years, and is currently $29.80 for WTI and $29.88 for Brent.

Analysts are currently rewriting their price predictions downward as even $20 is being spoken about as a distinct possibility. Add into the mix Iran looking to restart exporting oil as they are rushing to comply with all the conditions required under their nuclear program.. Continue reading

Kootenay and Northair combine to create a leading Mexican Silver Consolidator

Kootenay Silver Inc. {TSX.V: KTN} and Northair Silver Corp. {TSX.V: INM} have just announced a binding letter of agreement for Kootenay to acquire all the outstanding shares of Northair Silver, creating a leading Mexican based silver exploration and development company.

The feeling is that the combined assets will create a company of more substance that will be of far greater interest to investors.
Continue reading

Scorpio Gold reports annual gold production at Mineral Ridge

Scorpio Gold Corp. {TSX. V: SGN} announced a 3% reduction in gold production 2015 compared to the previous year, citing several issues and challenges that occurred during the year.

An increase in production resulted in 29% more recoverable ounces being placed on the leach pad, and this will result in an uplift into the next quarter. Continue reading