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Western Sierra Resource Corp (OTCMKTS: WSRC) Powerful Comeback as Silver State Mining Group Consummated & Negotiations Underway to Acquire 25,000-acre FCHPA Helium Project

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Western Sierra Resource Corp (OTCMKTS: WSRC) is marching northbound with power since a brief dip below the $0.10-mark last week. The stock is currently under heavy accumulation with many new investors jumping on board every day. WSRC is quickly emerging as an investor favorite and is currently among the most actively searched and talked about stocks in small caps. WSRC is looking to blaze a path along the likes of Enzolytics or Tesoro and break out into a whole new dimension – Tesoro went to multi dollars – a break over recent $0.492 highs and its blue skies ahead for WSRC. 

It’s easy to get excited about WSRC as the Company makes one big move after another; the Company recently consummated an agreement to acquire 70% of Silver State Mining Group, Inc. SSMG owns 49% of the Sage Hen Mining claims in Nevada totaling 640 acres. WSRC and SSMG plan on building a 100 ton/day plan and then immediately increasing that to 1,100 tons/day. Projected annual net income from the 100 ton/day and 1,100 ton/day operation is $269 million and $3.2 billion respectively. An additional $50 million will be required to construct the 1,000 ton/day plant. It is anticipated that these costs will be paid from accumulated net income and/or borrowing against the Company’s net income allocation. WSRC also just announced it has entered into substantive negotiations with a third-party exploration company to develop the 25,000-acre FCHPA Helium Project in the Four Corners Area. 

Western Sierra Resource (@WSRCorp) | TwitterWestern Sierra Resource Corp (OTCMKTS: WSRC) operating out of steamboat springs, Colorado historically was a gold and silver mining company which continues to own several historical precious metal reserves in Arizona.  In 2014 the Company broadened its vision to include natural (and renewable) resources with its acquisition of water rights and associated infrastructure assets in Colorado for purposes of irrigating and cultivating industrial hemp; processing hemp for manufacture of various building products; and construction of affordable homes utilizing hemp-based materials—among other beneficial uses. Commercial, Industrial, and Agricultural land for these purposes has been recently acquired (closed as of 06.15.21) at a price of $1,400,000, with additional agricultural and residential land also now under a $250,000 non-refundable earnest money purchase contract. WSRC’s intent is to become a broad-based resource company with high value and high-income generating assets including water rights and precious metals and related technologies.  

Late last year the Company executed an Exclusive Strategic Partnership Agreement with Global Hemp Group, Inc. of Vancouver, BC (CSE: GHG/OTC: GBHPF/Frankfurt: GHG) to create a sustainable economic zone in Northwestern Colorado. The Partnership has designed a vertically integrated system beginning with industrial hemp irrigation and cultivation; preliminary processing; manufacture of hemp-based (“green”) construction products; and fabrication of affordable homes utilizing those products all from a central campus and adjacent to the hemp farm and known as a Hemp Agro-Industrial Zone (HAIZ). In May the Company reported in conjunction with its partner Global Hemp Group Inc. it has entered into a second strategic property acquisition that will be utilized in the development of its Colorado Hemp Agro-Industrial Zone (HAIZ) in Northwest Colorado. The fully executed contract for the purchase of approximately 175 net acres of annexed and entitled land will serve as the catalyst for the Company’s initial Planned Unit Development (PUD) of “green” and “affordable” homes, as well as irrigated industrial hemp cultivation. 

WSRC recently consummated an agreement with Silver State Mining Group, Inc. (SSMG) to acquire 70% of SSMG’s common stock in exchange for $10 million which will be used to immediately initiate development of the Sage Hen Mining Claims in Western Nevada. WSRC management’s level of confidence in this project is such that the $10 million cost of the 100 ton/day plant will be invested directly by WSRC’s officers and directors to prevent dilution of shareholder equity in the Company.  

The Sage Hen Claims encompass 640 acres within the Oreana Trend, a consistent ancient seabed that extends to depths of 1000 feet in an active mining area known to contain significant precious metals and offer a unique low risk development opportunity. Many mining groups, including Newmont, Rye Patch, Pershing, Victoria, and others have cored, mined, and expended significant resources and effort in the area. Principals of the Sage Hen Mining claims, Andy Kay and Lonnie Treadwell, have maintained active mining claims for over 20 years based upon hundreds of assays over 20,000 acres of the trend. The Sage Hen claims are located near the Relief Canyon Mine in the Oreana Tend. In addition to gold and silver, the enhanced recovery system assays have indicated platinum, palladium, and rhodium. 

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The Sage Hen claims will be placer mines. Placer mining means that the target source material is mined directly from the surface. Based on geology and previous testing, that material is likely to be consistent to a depth of at least 1000 feet. The SSMG mining team, is headed by its President/CEO Clifton Turley, who has 15 years’ experience with the Sage Hen project.  

WSRC and SSMG plan on building a 100 ton/day plan and then immediately increasing that to 1,100 tons/day. Projected annual net income from the 100 ton/day and 1,100 ton/day operation is $269 million and $3.2 billion respectively. An additional $50 million will be required to construct the 1,000 ton/day plant. It is anticipated that these costs will be paid from accumulated net income and/or borrowing against the Company’s net income allocation. 

In keeping with the Company’s broad based natural resource development plan, which includes the implementation and beneficial use of the Company’s $40+ million in water assets for industrial hemp and affordable housing project now underway with GHG; and the Sage Hen Gold Reserve acquisition by way of its majority (70%) common stock ownership interest in Silver State Mining Group (SSMG) finalized and announced last week, WSRC is pleased to announce that it has entered into substantive negotiations with a third party exploration company to develop the 25,000 acre FCHPA Helium Project in the Four Corners Area. 

Based on information gathered from existing wells and utilizing proprietary methodologies for interpretation of 2D and 3D seismic data, it is anticipated that Helium-rich gas is present and recoverable to varying degrees within the property’s underlying five geological formations (strata). It is ultimately hoped that a Helium content of between 1% and 5% may be recoverable if the project is successful.  

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WSRC is marching northbound with power since a brief dip below the $0.10-mark last week. The stock is currently under heavy accumulation with many new investors jumping on board every day. WSRC is quickly emerging as an investor favorite and is currently among the most actively searched and talked about stocks in small caps. WSRC is looking to blaze a path along the likes of Enzolytics or Tesoro and break out into a whole new dimension – Tesoro went to multi dollars – a break over recent $0.492 highs and its blue skies ahead for WSRC.  It’s easy to get excited about WSRC as the Company makes one big move after another; the Company recently consummated an agreement to acquire 70% of Silver State Mining Group, Inc. SSMG owns 49% of the Sage Hen Mining claims in Nevada totaling 640 acres. WSRC and SSMG plan on building a 100 ton/day plan and then immediately increasing that to 1,100 tons/day. Projected annual net income from the 100 ton/day and 1,100 ton/day operation is $269 million and $3.2 billion respectively. An additional $50 million will be required to construct the 1,000 ton/day plant. It is anticipated that these costs will be paid from accumulated net income and/or borrowing against the Company’s net income allocation. WSRC also just announced it has entered into substantive negotiations with a third-party exploration company to develop the 25,000-acre FCHPA Helium Project in the Four Corners Area. We will be updating on WSRC on a daily basis so make sure you are subscribed to microcapdaily.com so you know what is going on with WSRC.

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Disclosure: we hold no position in WSRC either long or short and we have not been compensated for this article.

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Solowin Holdings (NASDAQ: SWIN) 95% Stock Rally: Analyzing the Market Hype and IPO Impact”

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  • Solowin Holdings (NASDAQ: SWIN) has been making headlines this week, with its stock price soaring by an impressive 94% since Monday, September 18th, 2023. This surge follows the company’s announcement of their IPO on September 6th, 2023. Despite the lack of recent filings or news updates, the stock continues to experience significant gains, and the trading frenzy shows no signs of slowing down. It’s a puzzling situation, and if you’re following this, you might be feeling a bit bewildered. Interestingly, this kind of rapid and exaggerated performance is not necessarily unusual. We’ve seen similar behaviour with others last summer, AMTD Digital (NYSE: HDK) and Top Ships (NASDAQ: TOPS) to name a couple.

About Solowin Holdings:

Before we get into what’s happening and why, here’s a little background on the company based on the prospectus and “About” section in their latest press releases.

Solowin Holdings is a Hong Kong-based brokerage firm focused on Chinese investors. They offer a wide range of financial products and services through a secure and user-friendly online platform. They are licensed by the Hong Kong Securities and Futures Commission for various services. Their platform provides access to over 10,000 securities and their derivatives on major exchanges like HKSE, NYSE, Nasdaq, Shanghai Stock Exchange, and Shenzhen Stock Exchange. The company is known for its financial strength and technical expertise, serving both individual and institutional investors in Hong Kong and earning recognition from users and industry experts.

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It’s important to note that Solowin is not an operating company, but a Cayman Islands holding company with operations solely conducted by its subsidiary, Solomon JFZ (Asia) Holdings Limited, a limited liability corporation incorporated in Hong Kong.

Does it sound kind of fishy? Maybe… But is that enough to stop you from making a trade based off the intense retail hype we’re seeing during after hours trading on September 21, 2023? We’ll let you decide, but as per usual, always do your own due diligence. Stocks like these could cost you, and come with a significant amount of risk.

Thoughts from Retail:

Upon our initial research, the first thing we noticed was a notable user off Twitter, “MayaTrades” who started talking about the company’s potential earlier this week.

The user has since spoken on multiple occasions about the potential short squeeze the stock offers and suggests that it could continue to trade parabolically tomorrow on September 22nd, 2023. So it could be worth keeping an eye on to track the technicals.

We stumbled upon another user’s testimonial praising Maya’s day trading approach, claiming they’ve made over $15,000 using it. However, it’s essential to keep in mind that such testimonials endorsing various trading strategies are abundant on Twitter. It’s wise to approach these claims cautiously and form your own conclusions based on thorough research and analysis.

The general idea is that the shorts on SWIN are quite substantial, according to one user off Twitter, it’s 150% of the entire float and the stock hasn’t even seen the start of the squeeze yet. If it’s already gained over 90% in four days, I’m sure you can do the math on what this user is suggesting could happen next.

“Spec play that I have a lotto sized position in. It’s China. Cashed up for 5 years, allegedly. 2M float / 14M OS. I believe insiders will run it at some point, so whether it’s weeks or months, I’m holding a small position as it mirrors the other crazy China IPO runners. Currently $2.65” stated MayaTrades on September 14th, 2023.

We’re continuing to see the narrative of “No reason to close position with the strength SWIN is seeing into close” and that it’s seen “Unbelievable strength in a bloody market”. If you look at the technicals, you can see that it flagged into close yesterday and continued with the same pattern today.

Many also believe that the company has not only overcome previous resistance levels, but also surged beyond expectations in after hours trading September 21st, 2023. The stock just recently surpassed the $5 mark, leaving the future trajectory in the upcoming trading days quite unpredictable. This rapid movement follows a trend of consistently breaking through crucial resistance levels.

Once again, it’s important to acknowledge the speculative nature of these trades, with the possibility of a complete loss of investment. However, given the heightened retail interest surrounding the stock this week, we found it relevant to take note, delving into the factors and conversations driving this wave of excitement.

Short Squeeze:

By now, it’s safe to assume that most people are familiar with the concept of a short squeeze. We’ve covered it in several previous articles. However, if you’re new to the market or unfamiliar with our daily articles, here’s a brief explanation below:

A short squeeze is a market phenomenon where the price of a stock or other asset increases rapidly and significantly. This can be triggered by a surge in demand for the asset, often caused by a large number of investors who had bet against the asset (short sellers) rushing to buy it to cover their positions and limit their losses.

Short Selling: Short selling is a trading strategy where an investor borrows shares of a stock from a broker and sells them on the market, anticipating that the stock’s price will decline.

Betting Against the Stock: Short sellers profit when the stock price falls. They aim to buy back the shares at a lower price later to return them to the lender (broker), pocketing the difference.

Potential Losses and Squeeze: However, if the stock price starts to rise instead of fall, short sellers face potential losses. As the price climbs, they may feel pressured to buy the shares back to cut their losses, adding to the buying pressure in the market.

Buying to Cover: To exit their short positions, short sellers buy shares (covering their shorts) on the open market. This buying activity further drives up the stock price, as demand increases.

Feedback Loop: As the stock price rises due to increased buying from short sellers trying to cover their positions, it can trigger more short sellers to cover, creating a feedback loop of buying and price escalation.

Rapid Price Increase: The sudden increase in demand can lead to a sharp and swift rise in the stock price, catching short sellers off guard and forcing them to buy at higher prices to close their positions.

Magnitude and Duration: The extent and duration of a short squeeze can vary. It could be a short-lived spike or a more prolonged increase in the stock price, depending on the level of short interest, overall market conditions, and the availability of shares for shorting.

Short squeezes often attract significant attention and can result in substantial gains for those holding long positions, while causing substantial losses to short sellers, further fueling the market dynamics.

We will update you on SWIN when more details emerge, subscribe to Microcapdaily to follow along!

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Disclosure: We have not been compensated for this article/video. MicroCap Daily is not an investment advisor; this article/video does not provide investment advice. Always do your research, make your own investment decisions, or consult with your nearest financial advisor. This article/video is not a solicitation or recommendation to buy, sell, or hold securities. This article/video is our opinion, is meant for informational and educational purposes only, and does not provide investment advice. Past performance is not indicative of future performance.

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NeuBase Therapeutics (NASDAQ: NBSE) Stake Acquisition: Symetryx Urges Board to Consider $1 per Share Dividend

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NeuBase Therapeutics (NASDAQ: NBSE) saw significant interest and gained a whopping 106% after the company announced a 20% acquisition of their shares by  Symetryx Corporation. To add to the excitement, Symetryx is now urging Neubase’s Board of Directors to consider issuing a special dividend of $1 per share to the company’s shareholders.

Symetryx has acquired these shares through open market transactions and intends to initiate discussions with Neubase’s management to collaboratively determine the best course of action for the benefit of Neubase shareholders. It is important to note that Neubase has previously disclosed that it is currently in the midst of a strategic review of its operations.

There’s limited information about Symetryx online. It appears to be focused on venture capital and was founded by Barry R. Shiff back in 1990. According to his LinkedIn, they specialize in technology, management, venture capital, and real estate development. For more information please reference their website.

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Symetryx has taken note that Neubase reported a cash balance of approximately $14.7 million for the quarter ending June 30, 2023. Symetryx believes that Neubase’s cash position positions it as an attractive candidate for a merger, and they argue that issuing a $1 per share dividend would not diminish this attractiveness. They emphasize that Neubase shareholders initially invested in the company because of its promising work, not as a passive holding. With the ongoing strategic review, Symetryx sees offering shareholders a dividend while exploring merger opportunities as a mutually beneficial approach.

Symetryx acknowledges that they have engaged in discussions with Neubase, and Neubase has demonstrated openness to continued dialogue. Symetryx expresses confidence in Neubase’s actions to date. They believe that during similar strategic reviews, many companies deplete their cash reserves, and they intend to work closely with Neubase to ensure prudent utilization of the company’s assets to maximize shareholder value. Symetryx asserts that the Board should consider all available options, including mergers, acquisitions, special dividends, or winding down the company with capital returned to shareholders.

As the largest shareholder of Neubase, Symetryx is eager to contribute to the review process and safeguard shareholder interests. They are optimistic that their involvement can lead to substantial value creation for Neubase shareholders.

SPECIAL NOTE:

This news release presents Symetryx’s current perspectives on Neubase Therapeutics Inc.’s securities’ value and potential actions that Neubase’s Board of Directors may take to enhance shareholder value. Symetryx’s views are based on their analysis of publicly available information and reasonable assumptions. However, there is no guarantee that the information and assumptions are accurate or complete. Actual performance and results of Neubase may differ significantly from Symetryx’s assumptions and analyses.

Furthermore, the release mentions the size of Symetryx’s current holdings of Neubase shares, but it should be noted that Symetryx’s views and holdings may change at any time. They may take various actions regarding Neubase without providing updates or notice, except as required by law, including selling some or all of their Neubase shares without prior notification.

We will update you on NBSE when more details emerge, subscribe to Microcapdaily to follow along!

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Disclosure: We have not been compensated for this article/video. MicroCap Daily is not an investment advisor; this article/video does not provide investment advice. Always do your research, make your own investment decisions, or consult with your nearest financial advisor. This article/video is not a solicitation or recommendation to buy, sell, or hold securities. This article/video is our opinion, is meant for informational and educational purposes only, and does not provide investment advice. Past performance is not indicative of future performance.

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PhenomeX Inc. (NASDAQ: CELL) to Merge with Bruker Corporation in Strategic Acquisition

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PhenomeX Inc. (NASDAQ: CELL) soars 136% as the company announced that they’re finalizing a deal where Bruker Corporation will buy PhenomeX for $1.00 per share in cash. This purchase values PhenomeX at around $108 million. PhenomeX is a company that specializes in studying how individual cells work. They provide tools for researchers to understand how cells function and how genes affect their behavior.

PhenomeX was created in 2023 by merging two other companies, Berkeley Lights and IsoPlexis. They currently have more than 400 of their research instruments in use. These instruments help researchers study single cells using various tools like software and chemicals. One of their main tools is the Beacon Optofluidic system, which allows scientists to quickly analyze thousands of single cells at once, helping them understand how cells function and relate to their genetic makeup.

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Dr. Mark R. Munch, the head of Bruker’s NANO Group, said that PhenomeX’s unique tools are speeding up discoveries in cell biology research, which is important for areas like making better medicines and therapies. This acquisition is a big step for Bruker, helping them get into the field of studying single cells, which matches their strategy of becoming a leader in new biology research methods.

The deal is expected to close by the end of 2023, as long as everything goes as planned. Once the deal is done, PhenomeX will merge into a subsidiary of Bruker. Any shares of PhenomeX that were not tendered in the tender offer will be converted into the right to receive the same per-share consideration as paid in the tender offer. 

In simpler terms, if some shareholders decide not to sell their shares during the offer, they won’t be left out. They will still receive the same price for each share as those who did sell their shares. This ensures that all shareholders are treated fairly and receive the same deal per share.

About PhenomeX:

PhenomeX is focused on helping scientists better understand how cells work, which could lead to improvements in health. They have tools that let researchers study cells in detail and quickly, which is valuable for medical and biological research.

About Bruker Corporation:

Bruker makes high-tech instruments for scientific research. They work closely with customers to develop tools that help scientists study things like cells, molecules, and materials. They have a range of products for different research areas, including biology, medicine, and industry.

We will update you on CELL when more details emerge, subscribe to Microcapdaily to follow along!

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Disclosure: We have not been compensated for this article/video. MicroCap Daily is not an investment advisor; this article/video does not provide investment advice. Always do your research, make your own investment decisions, or consult with your nearest financial advisor. This article/video is not a solicitation or recommendation to buy, sell, or hold securities. This article/video is our opinion, is meant for informational and educational purposes only, and does not provide investment advice. Past performance is not indicative of future performance.

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