Majestic Gold Corp. (TSX.V:MJS) (FSE:MJT) is pleased to announce its financial and operating results for the second quarter ended March 31, 2010. Majestic generated gold revenue of $1,730,392 derived from the sale of 1,531.8oz Au, and incurred a total operating cost of $1,467,325 and no additional exploration cost. Majestic reported a net loss of $502,128, and the operating loss for the period was negligible, at $24,480. The main adjustments leading to the second quarter net loss were: non-controlling interest expense of $111,274, loss on foreign exchange of $131,045, and interest and financing cost of $170,036.
Rod Husband, P.Geo, and President of Majestic Gold, stated, "We are extremely pleased with the results of the second quarter and we look forward to becoming a positive cash flow company in the near future. Our immediate focus is on improving efficiency at the mine, repaying our outstanding loan (which will significantly reduce our expenses), and closing of the acquisition of the outstanding 40% interest at Song Jiagou."
On a consolidated basis, Majestic Gold's financial position has significantly improved when compared to the same period in 2009. As a result of the sale of its Sawayaerdun Project, Majestic Gold reported working capital of $3,037,399 for its second quarter, compared to a working capital deficit of $4,882,075 for the corresponding period in 2009. As soon as practical, management intends to use the funds due from the sale of the Sawayaerdun project to repay its outstanding loan and to further develop the Song Jiagou Mine.
SavWatt USA, Inc. (PINK:SAVW) pioneers in LED lighting and the Green revolution, reported that in cooperation with the City of Baltimore, SavWatt will receive grant funds from the Maryland Energy Sector Grant. This million dollar grant will offer companies the ability to take LEED certification classes. LEED is an internationally recognized green building certified program. LEED certification important as many new construction and government projects are required to meet LEED standards.
It is imperative for building owners, designers, construction firms and real estate developers to further develop their professional skills by obtaining LEED certification. SavWatt USA, Inc. has teamed up with the leaders in LEED training, Clean Edison, to offer this LEED AP certification at SavWatt's Baltimore, MD headquarters.
SavWatt USA, Inc. is pleased to announce that it has become an approved member of Energy Star. Having the Energy Star label will enhance the SavWatt USA Inc. brand to the public. Energy Star is a government backed program that helps businesses and individuals protect the environment through superior energy efficiency. SavWatt USA, Inc. has also been registered with the DOE (Department of Energy) and its Lighting Facts Label. This latest accomplishment along with the launch of its factory for LED tubes in January 2011 has made SavWatt USA, Inc. THE leader and brand in LED lighting.
SavWatt is leading the LED lighting revolution and setting the stage to obsolete the incandescent light bulb through the use of energy-efficient, environmentally friendly LED lighting. SavWatt is a market-leading innovator of LED lighting. SavWatt's product families include LED fixtures, bulbs, Street Lights and Parking Lights.
The Hallwood Group Incorporated (AMEX:HWG) reported on Friday November 12, 2010 results for the third quarter and nine months ended September 30, 2010. For the quarter, Hallwood reported net income of $407,000, or $0.27 per share, compared to net income of $4.1 million, or $2.67 per share, in 2009.
The Hallwood Group Incorporated (Hallwood) operates as a holding company operating in the textile products industry. Textile products operations are conducted through the Company’s wholly owned subsidiary, Brookwood Companies Incorporated (Brookwood).
The Gabelli Global Utility & Income Trust (AMEX:GLU) announced the distribution for January 2011 will be payable on January 24, 2011 to common shareholders of record on January 14, 2011. The distribution for February 2011 will be payable on February 18, 2011 to common shareholders of record on February 11, 2011.
The Gabelli Global Utility & Income Trust is a non-diversified, closed-end management investment company with $62 million in total net assets whose primary investment objective is to seek a consistent level of after-tax total return for its investors.
Cheniere Energy Partners, L.P. (AMEX:CQP) announced that its subsidiary, Sabine Pass Liquefaction, LLC ("Sabine"), has signed a memorandum of understanding ("MOU") with ENN Energy Trading Co., Ltd. ("ENN Energy Trading"), under which ENN Energy Trading intends to contract 1.5 million tonnes per annum ("mtpa") of bi-directional LNG processing capacity at the Sabine Pass LNG terminal located in Cameron Parish, Louisiana.
Cheniere Energy Partners, L.P. (Cheniere Partners) is a limited partnership, through its wholly owned subsidiary, Sabine Pass LNG, L.P. (Sabine Pass LNG), owns and operates the Sabine Pass LNG receiving terminal located in western Cameron Parish.
THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY!
Disclaimer: Never invest in any stock featured on our site or emails unless you can afford to lose your entire investment. DrStockPick.com publisher and its affiliates and contractors are not registered investment advisers or broker/dealers. Our disclaimer is to be read and fully understood before using our site, reading our newsletter or joining our email list. Release of Liability: Through use of this website viewing or using, you agree to hold DrStockPick.com report and Crown Equity Holdings Inc. CRWE, its operators, shareholders, employees and/or contractors harmless and to completely release them from any and all liability due to any and all loss (monetary or otherwise), damages (monetary or otherwise) that you may occur. (Read more at http://drstockpick.com/disclaimer) .Rule 17B requires disclosure of payment for investor relations. Crown Equity Holdings, Inc. (OTCPK:CRWE) is a newswire as well as an IR and PR firm. Crown Equity Holdings Inc. (OTCPK:CRWE), in some cases, provides media advertising and public awareness for both public and private companies, as well as disseminating news. As such, in some cases, when Crown Equity Holdings Inc. (OTCPK:CRWE) advertises for a particular client, Crown Equity Holdings Inc. (OTCPK:CRWE) charges an advertising fee which it must disclose under 17B. The fee may be in cash, in free trading stock or in restricted stock. Crown Equity Holdings Inc. (OTCPK:CRWE), if paid in stock, can and may sell those securities during the advertising period.
Crown Equity Holdings Inc. (OTCPK:CRWE) has received twenty-five thousand dollars in cash from Majestic Gold Corp. (TSX Venture Exchange (TSX.V:MJS) and the Frankfurt Stock Exchange (FSE:MJT)) for 30 (thirty) days of advertising, as well as for assistance in becoming a fully reporting publicly trading Bulletin Board company.
Crown Equity Holdings Inc. (OTCPK:CRWE) has received five thousand dollars and anticipates receiving another forty five thousand dollars in cash from a third party for (thirty) days of advertising for SavWatt USA, Inc. (OTC:SAVW).