Now if that wasn't a sharp late day reversal, then I don't know what is. Trump comes out and warns North Korean and stocks run for the hills. But, like we've seen on so many prior occasions, the markets are trying to work their way back now. All pretty normal considering this has happened countless times over the last few years.
It is a little bit of a concern to see the S&P 500 make a new all-time high yesterday, only to tank itself on that high, however, volatility clearly continues to be the name of the game lately. It's not just volatility to the sell side, it's been volatility to the buy side as well. So while so many investors and traders think volatility is always a negative thing, it's not.
Enough of the obvious. We got some great news from a few of our featured stocks this morning.
Just prior to the open this morning, Streetwise Reports/The Gold Report put out a press release announcing the availability of a report that included U.S. Gold Crop. (USAU).
The gist of it talks about how Geologist Dave Mathewson's 35 years of exploration experience in Nevada. In his latest venture, he leads the district-scale exploration that represents his best guess as to where the next major Nevada gold deposit could be found.
Dave Mathewson, Vice President of exploration with U.S. Gold Corp. (USAU), has spent 35 years in Nevada as a geologist. In senior positions with Newmont Mining Corp., he greatly expanded its portfolio of properties, discovering several deposits that became mines, pioneering novel geochemical and geophysical methods of exploration.
When setting out on his own, Mathewson combined his geologic and personal experiences in Nevada to identify locations that fit his geologic model yet were unappreciated. His first big success was with Gold Standard Ventures Corp. and the famous Railroad deposit. An exploration program guided by Mathewson's geologic models took Gold Standard Ventures from an initial market capitalization of CA$5 million ($5M); that company now is valued at approximately CA$495M.
To read the full article, go here: http://www.theaureport.com/cs/user/print/na/17478.
In a nutshell, it's not often any small development stage junior miner gets a NASDAQ listing, and it's even less likely a small junior miner can retain the experience and success of a guy like Dave Mathewson. As you can read, if anyone is going to find success in the Keystone Project, there's a good chance it's going to be Mathewson.
In the article, it mentioned recent site work has included five "scout" holes drilled by U.S. Gold, then a private company, late in the 2016 exploration season. Borehole locations were chosen based on U.S. Gold and historical geophysical (gravity and IP) surveys, as well as geochemical (gold pathfinder elements in soil) surveys. Locations for the scout holes were identified by the geophysical and geochemical surveys guided by the geologic experience of the exploration staff led by Mathewson. Five of the six holes were completed before a particularly severe Nevada winter ended the drilling season. The last of the scout holes will be drilled before the end of 2017. However, it goes on to say results from the complete scout drilling program have not been publicly released.
All I know is if those results proof significantly positive, the current share price of USAU could end up being a real gift.
Of course one has to also understand any drilling programs - whether it be gold, oil or any other commodity - are always speculative in nature, but when it comes to any sort of developing commodity miner, it's usually the most experienced management and companies that are well enough funded that are going to end up hitting pay dirt.
In other news, Patriot One Technologies Inc. (PTOTF) got a lift when the company announced that its award-winning PATSCAN CMRTM (Cognitive Microwave Radar) concealed weapons detection system has met Federal Communications Commission (FCC) and Industry Canada (IC) regulatory requirements, as verified through a series of tests by an accredited 3rd party laboratory.
This is significant news for our Company," said Patriot One Technologies CTO Dinesh Kandanchatha. "Many companies have found meeting FCC and IC requirements to be a daunting challenge. Since we began operations last November we have worked relentlessly to identify, execute and address a lengthy checklist of FCC and IC technical requirements. Today, we are one step closer to delivering a certified mass-market version of the PATSCAN CMR in the USA and Canada. I congratulate our entire team for their commitment to this important effort. Now that the hardware development is finalized for certification, we are proceeding with software optimization in preparation to meet our delivery commitments. In this regard, I am further pleased to confirm that our projected manufacturing run for 2017 is now fully committed, and we are already booking sales into 2018."
Company sales efforts for the PATSCAN CMR currently focus on markets including houses of worship, academic institutions, event centers, casinos, commercial offices, hotel properties, government agencies and other locations at high risk of terrorist attack. Orders have been received from locations spanning four continents, and new territorial opportunities are opening as reseller influence grows.
Patriot One's PATSCAN CMR, Model CMR-005 has been issued provisional identifiers as FCC #2ALZTCMR and IC #22739CMR. These identifiers encompass electrical and mechanical certification for FCC15B/ICES-003, FCC 15.510, RSS-220 & ETI EN 302-065-1, CSA C22.2 No. 61010-1, UL 61010-1 V3 and 3.1. The verified data from the accredited testing laboratory will now be sent to Industry Canada and FCC for final approval.
FCC and IC certification is important not only in a North American context, but is also a key step towards the product's attainment of certification and waiver/permit approvals in markets including the United Kingdom, Eurozone and Asia-Pacific regions, where key reseller partners are assisting in advancing the product's certification and approval processes.
"We have been working diligently towards FCC and IC certification, and are thrilled to see this effort coming closer to fruition. We are grateful to the many individuals, vendors, related stakeholders and early adopters who share our vision of a future when Patriot One systems will provide communities around the world with stronger safeguards against threats of terrorism and other acts of random violence," said Company CEO Martin Cronin. "We also salute those members of the investment community who have made a critical difference by putting their capital to work throughout our venture's early stages. We are determined to continue to build shareholder value and earn capital market support vital to Patriot One's ongoing development efforts and our mission to make the world a safer place."
If you've been tracking the fundamental developments of Patriot One Technologies (PTOTF) for as long as we have, then you know this is one company in a hot space that has some potentially disruptive weapons detection technology, and all three of those points often have all of the makings of a potential homerun someday.
It always takes time when it comes to these smaller penny stock tech plays, but I've personally seen it several times in my long career covering stocks - when companies like Patriot One finally put it all together, the returns are beyond anything most investors will ever see.
The company still has a lot to do in terms of revenue and fundamental progress, but at this point it's my opinion they continue to do everything right. And today's announcement regarding the FCC and IC is a huge feather in the company's cap towards achieving the type of growth we continue to expect from the company.