News Details – Smallcapnetwork
Namaste Technologies (NXTTF) Just Proved All it Needed to Prove
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February 2, 2024

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PDT

Howdy folks. How was your Thursday? As the old saying goes, when it rains, it pours. We got a little news today from a featured stock, and before we could even get through digesting the first press release, two more news nuggets were posted from some of the other companies we're keeping tabs on. We'll work through all three items, but don't worry - we'll keep it as brief as possible. We have to begin with what we think is the most important one today... the announcement from Namaste Technologies (NXTTF, CNSX:N) that disclosed its November web traffic. It was impressive to say the least. The Q&D backstory for Namaste Technologies: This is the company we introduced to you back on November 10th, explaining it was getting into the developing vaporizer market at the exact right time. That is, it was building its vaporizer (e-cigs, mostly for marijuana) network of e-commerce websites right at the tipping point for marijuana's legalization. It's pretty much a web business, so the crux of its growth lies in (1) cultivating high-traffic websites, and (2) converting traffic into sales. We were also impressed by how the company had turned both into a science. The fruits of that labor became evident today. November's traffic for its primary three websites rolled in at 596,453 visits, versus a prior reading of 550,000 monthly visits. And to be clear, that increased traffic was all organic growth. The company didn't acquire its way to that growth. It's a promising improvement. That's not the really interesting part of today's news release from NXTTF, however. Giving credit where it's due, it was Bryan Murphy that really laid it out in easy-to-understood terms - Namaste is really good at converting web traffic into revenue. Its older, home-grown site NamasteVapes.com may only generate about a tenth of the company's total web traffic, but it generated about third of the company's total sales for November. That bodes well for the recent purchases of websites VaporSeller and Everyonedoesit; the company hasn't been able to fully work its magic for those newer sites, both of which already garner more traffic than NamasteVapes does. Not that the $20 million+ revenue mark ever really seemed out of reach, but now - knowing what we know - it would be surprising if Namaste didn't reach that mark. Murphy puts it in an eye-opening perspective. We also heard news from BacTech Environmental (BCCEF, CSE:BAC). In simplest terms, the company took a step forward today with its plans to process mining tailings at its Telamayu site in Bolivia. As a refresher, BacTech is the company that's come up with ways to safely and cleanly extract all the gold, silver, and other marketable metals left behind in the dirt that's moved out of the way by more conventional mining approaches. The added benefit of this process is that it can also neutralize all the bad stuff also often found with gold, copper, and tin finds... things like arsenic, mercury, and more. It's a true win/win scenario, and regulators all over the world are now starting to take notice of what the company can do now that the tailings from the 2009-2011 mining boom are really starting to pile up. To that end, BacTech Environmental reported today it had started taking samples of the tailings piles at Telamayu, in Potosi, Bolivia. Based on this sampling, the company can develop a plan to maximize the efficiency and minimize the cost of its remediation work. That planned flotation plant should be up and running by the end of next year. Murphy has the details on that news as well. Last but not least, Bryan Murphy [who sure was busy today] took a closer look at the news from Nexus Gold (NXXGF, CVE:NXS). Long story made short, the driller for the Niangouela gold concession located in Burkina Faso, Africa has already been named; Forage FTE Drilling got the nod. That's interesting, but what's so remarkable about the news is that the Niangouela wasn't etched in stone until Tuesday of this week. It's almost as if Nexus Gold's management team had Forage FTE Drilling on speed dial, and made the call before the ink on the purchase contract was even dry. It's not necessarily unusual. Indeed, some initial drilling and planning was always going to be the next step at the 178 square kilometer concession. The big take-away is how quickly Nexus is moving on this project. The company may reach full-production status much sooner than the market's giving it credit for. Then again, NXXGF was up 15% today, so maybe investors are finally seeing the light. Last but not least, we'd like to congratulate those of you who are also members of the Under the Radar Movers club. Yep, you all did it again. You locked in a 49% gain on your Goldfield (GV) trade today, which you only stepped into back in the middle of November. Strangely enough, that huge gain on GV makes the 21% gain you booked today on a Mateon Therapeutics (MATN) short trade pale in comparison, but a 21% gain in any other context (reaped in less than three weeks, mind you) is enormous in and of itself. Once again we'll stress not every trade works out that well, or that fast. On the other hand, you don't need every trade to work out that well, that fast, to make an impact on your bottom line. Just one or two of those every month could make your portfolio one that other traders envy. If you're not a subscriber to the URM service, you're not getting all you can out of the market. Here's how to take your trading to the next level.