Posted by AGORACOM-JC
at 9:36 AM on Wednesday, October 23rd, 2019
When the Wall Street Journal calls your Gold Report “The Gold Standard Of Gold Research”, it is safe to say you are a global influencer and expert in all things gold.
This is Ronnie Stoeferle, whose “In Gold We Trust” report has also been downloaded 1.8 million times in English, German and Mandarin in case anyone had any doubt as to his expertise.
Today, Ronnie became the founding member of the Affinity Metals (AFF:TSXV) Advisory Board, which implies that we can expect others to be appointed as well. Why would Ronnie join a company with a market cap under $5,000,000? You’ll have to watch the interview to find out … but here are a couple of hints:
1. Affinity Metals flagship project, the Regal, has reported HISTORICAL reserves of 590,703 tonnes grading 71.6 grams per tonne silver, 2.66 per cent lead, 1.26 per cent zinc, 1.1 per cent copper, 0.13 per cent tin and 0.015 per cent tungsten. These were prepated prior to 43-101 standards and should not be relied upon until they are brought into compliance with 43-101 standards.
2. A Technical Report, which was prepared in 1971 using a silver price of $1.75 per troy ounce, makes a positive recommendation for production, including the establishment of a 500 ton per day concentrator with a 400 ton per day silver, lead and zinc circuit and a 100 ton per day tin, tungsten and copper circuit.
These are just 2 factors that led Ronnie to declare that Affnity Metals is “one of the largest investments in my private portfolio”.
Grab your favourite beverage, kick back and watch this great interview with both Ronnie and Affinity CEO, Rob Edwards.
Posted by AGORACOM
at 4:48 PM on Tuesday, October 22nd, 2019
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Fears of a Trans-Atlantic trade war have increased gold’s safety bid.
U.S. economic data also continues to attract safety seekers to gold.
All signs point to a continuation of the metal’s bull market in Q4.
After a brief respite last month, fear and uncertainty have returned
with a vengeance in October. Recent world events have given investors
plenty of reasons to fear an expansion of the global trade war.
Meanwhile on the domestic front, investors are becoming increasingly
alarmed by soft economic data which some interpret as a harbinger of
recession. Gold’s “fear factor†has thus been resuscitated, bringing
with it the promise of stronger prices in the months ahead. Here we’ll
discuss the growing number of variables which suggest gold is
consolidating its recent gains ahead of the next stage of its long-term
bull market.
One sign of a market controlled by the bulls is the steadfast refusal
of prices, following a correction, to stay down for long. Bull markets
have a tendency to consolidate gains achieved during extended rallies in
the form of a lateral trading range, or sideways drift. That appears to
be the form of gold’s most recent correction in September following a
productive three-month rally.
Although gold prices briefly violated a key short-term trend line
earlier this week, the bulls fought back fiercely and pushed prices back
above the widely, followed 50-day moving average within two days of the
violation. It may take several more days for gold to regain enough
strength and build the support necessary to stay above the 50-day MA.
But the signs are plainly evident that the bulls are clawing their way
back to controlling gold’s immediate-term (1-4 week) trend.
And while gold prices haven’t kept pace with its nearest competitor
in the rush to safety – namely U.S. Treasury bonds – it’s instructive
that gold has so far responded favorably to most of the latest negative
economic and political news. For instance, gold jumped nearly 1.5% on
Oct. 2 after the release of the latest ADP National Employment Report.
The report showed that private payroll growth by U.S. employers slowed
in September and wasn’t as strong in August as previously estimated,
according to a Reuters article. Reuters reporter Lucia Mutikani, capturing the sentiment which has overtaken many gold investors, observed:
The longest economic expansion on record, now in its 11th year, is
losing ground with the blame largely put on a 15-month trade war between
the United States and China, which has eroded business confidence.â€
It’s further believed by many investors that the growing signs of a
slowing U.S. economy could influence the Federal Reserve to further
lower its benchmark interest rate this fall. Lower rates are widely
regarded as bullish for gold since it reduces the competition vs.
interest-bearing assets for the non-yielding metal.
Elsewhere on the U.S. economic front, the recent disappointments in
the Purchasing Managers’ Index (PMI) is another reason for the revival
of gold’s fear factor. The PMI has now fallen for seven consecutive
months and is below 50.0, which indicates contraction in the manufacturing sector.
The latest disappointing PMI readings also have weighed heavily on
the U.S. dollar index (DXY) of late. The dollar fell to one-week lows
against the euro and yen on Oct. 3. However, the dollar index is still
close to a multi-year high, which means that gold doesn’t yet enjoy
support from its currency component (see chart below). Nonetheless, gold
has proven to be stalwart enough this year under the influence of the
fear factor alone and in spite of a strong dollar. Thus, a weaker dollar
isn’t necessarily a prerequisite for a Q4 gold rally.
Aside from a weakening manufacturing sector, the U.S. service sector
also is showing signs of slowing. The latest ISM survey released on Oct.
3 showed service-sector activity for September fell to its lowest level
in three years. Some analysts blamed the U.S.-China trade dispute for
the slowdown. The latest ISM Non-Manufacturing Index fell to 52.6 last
month as new orders fell more than expected. This disappointed
economists’ expectations of 55.3. This increased gold’s allure as a safe
haven in the eyes of many investors and should provide some underlying
support for the metal going forward.
In yet another development which bolsters gold’s safety bid, the U.S.
won approval on Oct. 2 from the World Trade Organization to levy
tariffs on $7.5 billion worth of European goods. The WTO’s decision
relates to illegal subsided given to Airbus (EASDF) and Boeing (NYSE:BA). Consequently, many investors fear the outbreak of yet another front in the ongoing global trade war.
In view of the above-mentioned factors, gold’s intermediate-term (3-6
month) upward trend looks secure. The only thing standing in the way of
a renewed immediate-term gold buy signal, however, is confirming
strength in gold’s sister metal. Silver remains below its 15-day moving
average, as can be seen in the iShares Silver Trust (ETF) below. As I
mentioned in a previous report, we need to see silver confirm gold’s
returning strength before we get a confirmed re-entry signal. A lack of
confirmation from silver normally means that gold’s rally will fail due
to the lack of institutional demand. Historically, when market-moving
institutional investors are bullish enough to buy gold, they usually buy
silver as an adjunct.
Another sign that should accompany gold’s next confirmed breakout is a
return to strength in the actively traded U.S. mining shares. Shown
below is the PHLX Gold/Silver Index (XAU), which remains below its
15-day moving average as of Oct. 3. To get a renewed buy signal for gold
stocks in the aggregate, we should see a two-day higher close above the
15-day in the XAU. Moreover, a gold stock rally tends to accompany a
rally in bullion prices due to the leverage factor of the miners, which
attracts precious metals investors.
In summary, a growing number of worries on the U.S. economic and
global trade fronts has provided gold with a renewed safety bid. The
evidence reviewed here suggests that gold prices are consolidating ahead
of another breakout attempt this fall. Confirming strength in the
silver price would increase gold’s bullish prospects in Q4, as would a
breakout in the leading gold mining stocks. With trade war threats on
the rise, however, gold is poised to benefit from safe-haven demand and
keep its bull market intact. Investors are therefore justified in
maintaining longer-term investment positions in the yellow metal.
On a strategic note, I’m waiting for both the gold price and the gold
mining stocks to confirm a breakout before initiating a new trading
position in the VanEck Vectors Gold Miners ETF (GDX), my preferred trading vehicle for the mining stocks. I’m currently in a cash position in my short-term trading portfolio
22 samples collected from the Black Jacket and Allco areas of the Regal property located approximately 35 km northeast of Revelstoke, BC.
The majority contained bonanza grade silver, zinc, and lead with many samples reaching assay over-limits.Â
Further assaying of over-limits has been initiated, results will be reported once received.
Drill Program to be initiated upon final sample results.
Property History & Background
The property hosts numerous mineral occurrences including the following past-producing mines:
Snowflake and Regal Silver (Stannex/Woolsey) Mines
The Snowflake and Regal Silver mines were two former producing mines that operated intermittently during the period 1936-1953. The last significant work on the property took place from 1967-1970, when Stannex Minerals completed 2,450 meters of underground development work and a feasibility study, but did not restart mining operations. In 1982, reported reserves were 590,703 tonnes grading 71.6 grams per tonne silver, 2.66 per cent lead, 1.26 per cent zinc, 1.1 per cent copper, 0.13 per cent tin and 0.015 per cent tungsten (Minfile No. 082N 004 – Prospectus, Gunsteel Resources Inc., April 29, 1986). It should be noted that the above resource and grades, although believed to be reliable, were prepared prior to the adoption of NI43-101 and are not compliant with current standards set out therein for calculating mineral resources or reserves.
ALLCO Silver Mine
The Allco Silver Mine is situated 6.35 Kilometers northwest of the above described Snowflake/Regal Mine(s) and is also part of the Affinity claim group.
The Allco Silver Mine operated from 1936-1937 and produced 213 tonnes of concentrates containing 11 troy ounces of gold (1.55 g/t), 11,211 troy ounces of silver (1,637 g/t) and 173,159 lbs of lead (36.9%).
Airborne Geophysics to Guide Future Exploration
An extensive airborne geophysics survey conducted by Geotech Ltd of Aurora, Ontario, for Northaven Resources Corp. in 2011, identified four well defined high potential linear targets correlating with the same structural orientation as the Allco, Snowflake and Regal Silver mines. Northaven also reported that the mineralogy and structural orientation of the Allco, Snowflake and Regal Silver appeared to be similar to that of Huakan’s J&L gold project located to the north, and on a similar geophysical trend line. The J&L is reportedly now one of western Canada’s largest undeveloped gold mineral resources.
After completing the airborne survey, Northaven failed in financing their company and conducting further exploration on the property and subsequently forfeited the claims without any of the follow up work ever being completed. Affinity Metals is in the fortunate position of benefitting from this significant and promising geophysics data and associated targets.
The aforementioned Northaven airborne geophysical survey conducted at a cost of $319,458.95 in August of 2011 is described in The BC Ministry of Energy, Mines and Petroleum Resources Assessment Report #33054. The results of the survey are competently explained and illustrated by professionals on You Tube at: https://www.youtube.com/watch?v=GX431eBY_t0
FULL DISCLOSURE: Affinity Metals is an advertising client of AGORA Internet Relations Corp
Posted by AGORACOM
at 3:15 PM on Monday, October 21st, 2019
SPONSOR: Labrador Gold – Two successful gold explorers lead the way in the Labrador gold rush targeting the under-explored gold potential of the province. Exploration has already outlined district scale gold on two projects, including over a 40km strike length of the Florence Lake greenstone belt, one of two greenstone belts covered by the Hopedale Project. Click Here for More Info
The UAE is moving ton upon ton of physical gold through the nation, it makes up approximately 20% of all exports outside of oil.
China started something when they opened the Shanghai Gold Exchange where physical gold is traded to a global market. Russia began trading gold futures on the Moscow Exchange which was followed by China and Russia announcing they would open the BRICS Gold Exchange to assist the other members of the BRICS alliance to acquire more gold. This was followed by India stating they would be pursuing a gold spot exchange market and next up is the United Arab Emirates (UAE) announcing they, too, are going to open a physical gold trading platform. WOW! That’s a lot of physical gold changing hands on a daily, weekly, monthly and yearly basis.
This is all pointing towards what seems to be a likely conclusion – a new gold pricing mechanism that is operated by the Shanghai Gold Exchange instead of COMEX in Chicago and New York or the LBMA in London.
It seems that slowly and surely, the major gold producing nations of
Russia, China and other BRICS nations are becoming tired of the
dominance of an international gold price which is determined in a
synthetic trading environment which has very little to do with the
physical gold market.
The Shanghai Gold Exchange’s Shanghai Gold Price Benchmark which was launched in April 2016 is already a move towards physical gold price discovery, and while it does not yet influence prices in the international market, it has the infrastructure in place to do so. Source
Apparently, the UAE is already moving ton upon ton of physical gold through the nation
as it makes up approximately 20% of all their exports outside of oil.
That is an amazing percentage of business, especially, if you take into
account the fact the UAE either doesn’t mine gold at all or is not
mining a significant amount of gold.
The UAE will establish a federal platform for gold trading and the tracking of gold sources, the government has announced.
The move – approved by the UAE Cabinet – is part of a larger policy
to enhance the UAE’s position as a global hub for gold and jewellery
trading.
The policy has three main pillars – governance, sustainability and
innovation – with 10 separate strategic programmes and initiatives, also
including the establishment of a federal platform for gold trading and
tracking, international marketing of the gold sector, and the use of
technology in the production of gold.
Additionally, the policy will develop tools and initiatives that
stimulate growth “in order to facilitate doing business and bring added
value to this vital sectorâ€, according to the UAE’s state-run WAM news
agency.
The gold trade accounts for 20 percent of the UAE’s total non-oil exports. Source
All of this movement in the physical gold market started in
2002 and just a few years later we are seeing a massive network of gold
platforms outside the western world developing. China began
laying the ground work for a central pricing mechanism connected to each
new platform in 2016 when it launched the yuan denominated gold
benchmark for global trade.
What would happen if all these gold markets began connecting one
to the other and while trading gold in multiple currencies? What role
will these markets play, if any, once there is a sovereign gold backed
cryptocurrency announced? Will these other markets follow suit or will
the new sovereign cryptocurrency set the standard?
In my opinion this does not bode well for the COMEX, LMBA and western bullion banking cabal.
Not saying, or suggesting, there is an imminent “collapse†or anything
of the such, what I am suggesting is that we are seeing realistic steps
being made to move away from the global standard Federal Reserve Note,
U.S. dollar based pricing of gold.
Posted in All Recent Posts, Labrador Gold | Comments Off on Labrador Gold $LAB.ca – China, Russia, Brazil, India, And Now UAE: Everybody Wants A Gold Trading Platform $RIO.ca $WHM.ca $SIC.ca $NXS.ca
Posted by AGORACOM
at 11:07 AM on Friday, October 18th, 2019
(APPB:OTCQB)
Key Management Appointments:
Raymond W. Urbanski MD, PhD, former business unit Chief
Medical Officer at Pfizer Inc., as Chief Executive Officer provides
extensive industry leading expertise, strategic focus and discipline on
the execution of corporate initiatives
Expanded its Scientific Advisory Board for Applied BioPharma Division with appointment of Patricia Reggio, Ph.D.
Corporate Highlights
Renewed strategy focused on leveraging endocannabinoid system to develop high-value products including
Biopharmaceuticals: goal to develop novel therapeutics to treat serious diseases across a range of therapeutic areas, including metabolic, peripheral neuropathy and progressive lung disease
CBD Products: multiple brands offering high-quality CBD products to the highest regulatory standards;
Bolstered leadership team with highly qualified individuals including Raymond W. Urbanski MD, PhD, as Chief Executive Officer, former business unit Chief Medical Officer at Pfizer Inc. and well-established industry leading expert with over 20 years of experience in clinical development, research and pharmaceutical industry expertise across oncology, cardiology, endocrinology, and immunology;
Appointed Martin Schroeder to the Scientific Advisory Board and as President of Applied BioPharma. Mr. Schroeder has over 30 years of experience in the pharmaceutical and biotech industries and has helped many biotech and pharmaceutical companies conduct search and evaluation of compounds and molecules;
Launched multiple new products and expanded into the Beverage and Health / Wellness category with Remedi Spa and Remedi Beverage and Shot
Commenced discussions regarding proposed scientific trials with two leading Universities specializing in Veterinary Medicine
Announced the acquisition of Trace Analytics with over 65 years of combined experience in the global testing market for Cannabis and Hemp
Partnered with Boxing Heavyweight Champion, Shannon “The Cannon†Briggs to launch Champ Organics, an athlete-focused cannabidiol (“CBDâ€) based health and wellness supplements product line that enhances training and recovery
Launched robust business development initiative to build biopharmaceuticals pipeline.
About Applied BioSciences Corp. Applied BioSciences Corp. (www.appliedbiocorp.com), is a diversified company focused on multiple areas of the medical, bioceutical and pet health industry. As a leading company in the CBD and Pet health space, the company is currently shipping to the majority of US states as well as to 5 International countries. The company is focused on select investment, consumer brands, and partnership opportunities in the recreational, health and wellness, nutraceutical, and media industries.
About Trace Analytics Inc. Trace Analytics Inc.
is a leading cannabis science and technology company with significant
footprints in lab testing, research and development and licensing. Trace
Analytics was started by a group of scientists who specialized in
analytical chemistry, genetics and molecular biology. The focus of the
team is to ensure compliance with public safety standards and end user
safety. Trace Analytics is in the process of expanding throughout the
United States, and globally. With the goal of helping the rest of the
world adopt “best practices†in cannabis and hemp testing, the company
also provides expert consulting services to legislators and regulators
in many countries, states and municipalities around the world. For more
information, please visit: http://traceanalytics.com
Posted by AGORACOM-JC
at 10:26 AM on Friday, October 18th, 2019
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‘It is quite amazing’: CBD oil entering the mainstream
Some people are infusing the cannabis extract in cocktails, others
are buying it in the form of dog treats, while many more are using it as
a form of pain relief.
Unlike tetrahydrocannabinol, the psychoactive extract of the cannabis
plant commonly known as THC, cannabidiol doesn’t cause users to get
high.
And it is legal in the UK, assuming it does not contain one part in 10,000 of THC.
“When I first got involved with CBD I wanted to know what it was all
about,†says Richard Butler, part of the management team at CBD Virtue,
between Bridgnorth and Wolverhampton.
“It is still new in the UK.â€
Some of the products
His company uses CBD to make products such as tablets, oils, body creams and balms.
Mr Butler says people are turning to CBD products to alleviate
symptoms from physical ailments like pain and inflammation as well as
mental ones like anxiety and depression.
At present, use of the oil is largely unregulated, and clinical
trials into its usefulness are ongoing, but Mr Butler says he has
witnessed its benefits.
“You learn more from the responses and feedback you get from
customers,†he says. “It helps with pain relief, mental issues,
anxieties.
“It also helps with eczema, psoriasis and acne – it is quite amazing actually.
“A lot of our initial customers were 40 plus and many were buying products for the younger generation.
Dean Burke using a CBD Pod Filler at CBD Virtue
“What has amazed me is the amount of depression and anxiety that exists among teenagers up to people in their late 20s.â€
CBD oil, its proponents say, offers numerous benefits, from pain
relief to reducing anxiety. As an anticonvulsant, it may also help treat
neurological disorders such as epilepsy and multiple sclerosis.
CBD is also one of the biggest buzzwords in food and drink. It has
been hailed the next big thing, with more and more chefs and producers
using the products in their recipes.
After already taking other countries by storm, more businesses in the UK are looking to tap into the market.
Ross Burke viewing the product range at CBD Virtue
Mr Butler insists he has seen some significant success stories of people using the product for remedial purposes.
“I know someone who suffered with Parkinson’s for years who every
time they woke up their whole body would be shaking and during the day
they would shake out of control,†he says.
“I said ‘try this’ and within two weeks they went from their whole
body shaking to feeling a slight twitch in their first finger and thumb.
“I am not allowed to say it cures cancer, but cancer sufferers are
using it. There was someone who had skin cancer and it helped clear up
blisters on their skin.
“My partner was on a lot of medication for various things and after
taking four or five drops a day her stress and anxiety has gone.â€
The product’s relationship to recreational cannabis also means that
some people are reluctant to accept its use, and the medical benefits it
provides have still to be proven beyond doubt.
But Mr Butler insists that the hemp-derived oil should be trusted.
“It is from a natural product that has been around for years,†he
says. “Initially people were sceptical because it relates to cannabis.
Yes, it is derived from cannabis plant, but the ‘high’ has been removed
with the remedial side left behind.
The management team at CBD Virtue: Dean Burke, Richard Butler, Shannon Fyfe and Ross Burke
“We had the over 50s saying ‘ yeah but it’s cannabis, it’s cannabis’,
but once you have explained to them they are willing to try it.
“A big part of my role has been educational. I would spend about two
hours a day on Facebook educating people and answering a lot of
questions.
“Initially it is getting people to try it, then after they see how
effective it is they speak about it to their friends and family – a lot
of it comes down to word of mouth.â€
The plant is grown in Colorado in the USA, and a powdered form of the
product is sent to the UK for the oil to be extracted by Richard’s
team.
CBD Virtue employs 16 people, and is looking to double that by moving to larger premises to cope with demand.
Richard says: “We have a lab which is about 15ft by 20ft where a lot
of our mixing is done. We also have another facility where we do the
bottling up and everything else.
Jean Price packing up an order at CBD Virtue
“We are looking for larger premises due to growing demand and want to
stay local. We employ 16 people and with the way things are going we
are looking to double the workforce.â€
Sales of products containing CBD have skyrocketed by 99 per cent in the UK, according to data.
Analysis by deals firm Wowcher suggests purchases of CBD products
have almost doubled in 2019, with an increasing number of Brits trying
the ingredient.
“The industry is exploding,†Mr Butler says. “Initially as a company
we had a slow start with various issues with banks and online payment
systems, but we have got more and more people on board who know how to
get around these things.
Posted by AGORACOM-JC
at 3:14 PM on Thursday, October 17th, 2019
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Crypto is coming for Fortnite – whether it likes it or not
Fortnite’s Chapter 2 launched this week. Will crypto be part of its next big evolution?
Here’s how the game has already crossed paths with blockchain tech.
Epic Games’ enormously popular battle
royale shooter Fortnite made headlines this week after it shut down—but
only for a couple of days. Epic cannily replaced the game’s vibrant map
with a black hole, which fans stared at until it revealed the game’s Chapter 2 update, adding a brand-new environment, fresh gameplay elements, and a refreshed interface.
With some 250 million total players
as of this past spring, Fortnite is a cultural sensation that goes
beyond core gamers—and it’s big business too. The game may be free to
download and play, but in-game costumes and other paid perks have
generated huge revenues for Epic—$2.4 billion in 2018 alone. Naturally, that’s got the blockchain community asking: when will Fortnite include crypto?
You can’t (yet) spend cryptocurrency
in the game itself, but both Fortnite and Epic Games have already
crossed paths with crypto and blockchain in a number of ways. Can
in-game integration be far behind? Here’s a look at the ever-growing
intersection between Fortnite and crypto.
You can bet on Fortnite matches with crypto
Fortnite is one of the fastest
growing esports around, and Epic Games has facilitated its growth by
pumping the competitive scene full of prize money and large-scale
tournaments. According to Esports Earnings,
Fortnite competitions have awarded more than $84 million to date in
prizing, with July’s Fortnite World Cup responsible for about $33
million of that.
With sports inevitably comes betting—and yes, esports betting is definitely a thing. Unikrn
is one of the most popular esports betting sites, allowing users to bet
on the outcomes of official competitive matches, as well as matches
from popular Twitch streamers.
Unikrn betting is based on the platform’s own
UnikoinGold token, which can be bet
on professional Fortnite matches, wagered in your own in-game battles,
and used to enter prize giveaways. The esports industry is rapidly
ballooning in size and value, with esports analytics service Newzoo
estimating a $1.1 billion total
value this year and nearly $1.8 billion in 2022. Betting will only grow
more appealing as more and more people get hooked on esports—and crypto
is already making inroads on the industry.
For a brief moment at the start of
the year, you could actually buy Fortnite merchandise through an
official Epic Games store using Monero (XMR). Monero developer Riccardo
Spagni seemed (understandably) thrilled about the news, and suggested
that it was chosen for its privacy-centric approach compared to Bitcoin.
However, there was a snag in the excitement: Epic Games didn’t actually mean to enable Monero support. After a few days, the option was disabled and company founder and CEO Tim Sweeney tweeted,
“Actually, Fortnite’s brief foray into crypto was accidental. We worked
with a partner to open a merchandise store, and somewhere along the way
Monero payment was enabled.”
Tokenize all the Things
A multimedia collection by Decrypt. Explore how “tokenization†is redefining our relationship to ownership.
While that official crypto dalliance
was sadly unintentional, you can actually purchase V-Bucks—Fortnite’s
premium, in-game currency—with Bitcoin, Ethereum, Litecoin, Dash, and
Dogecoin, right now. However, it’s through a third-party service, Bitrefill…
and it’s via a very simple workaround. Essentially, you choose which
game system or platform you play on, and then you’re sent a gift card
code for that store. You can use then use that code to purchase V-Bucks
and load up on silly character skins, colorful weapons, and fancy dance
moves (really).
Epic Games is actually excited by blockchain tech
Epic’s swift shutdown of Monero
support in its merch shop might seem like a sign that the company
doesn’t see a future in cryptocurrency and blockchain technology, but
worry not: Sweeney tweeted that they’re into it, but just not ready to
roll it out to a huge, mainstream audience.
“Many of us at Epic are big fans of
the decentralized computing tech underlying cryptocurrency, however a
lot more work is needed on volatility and fraud-proofing before bringing
it to such a broad audience that includes younger gamers,” he tweeted in January, adding that,
“Epic doesn’t have any cryptocurrency partners and aren’t in any crypto
partnership discussions with anyone. We do read lots of papers and talk
to smart people to learn more in anticipation of an eventual
intercept.”
Since then, though, Epic Games has changed its tune; in May this year, it announced a partnership with The Abyss,
a blockchain gaming platform that allows game developers to tap into
Epic’s Unreal Developers Network. Studios that put their games on the
platform can accept Abyss Tokens for both the games themselves and
in-game purchases.
The crypto industry, meanwhile,
continues to chip away at the rock face. Recently, devs for the Nano
cryptocurrency unveiled a beta plug-in for Unreal Engine 4â —the game engine that underpins
Fortniteâ —that lets users pay for in-game items in the Nano
cryptocurrency as well as earning Nano for in-game tasks such as killing
enemies and participating in tournaments.
Call it baby steps, but it’s
certainly something. Sweeney’s comments suggest that a crypto future for
Epic Games could just be a matter of time—and surely interest from the
blockchain community is huge, considering how much money flows through
both Fortnite and the video game industry as a whole (an estimated $152.1 billion in 2019). Until then, we’re sure to see more unofficial crypto initiatives spring up around Fortnite’s fringe.
Posted by AGORACOM
at 8:12 AM on Thursday, October 17th, 2019
Graphite is being purchased by Todaq to sit in reserve as a backstop to underpin the value of deployed TDN
The TDN will allow for cryptographic ownership and tracking of commodities as they are processed and traded.
The price of TDN was negotiated between the parties in respect of the first 1800 tonnes of graphite. Thereafter, the price of TDN will be based on the market price for TDN for the month in which subsequent orders are placed by Todaq
The graphite is being purchased by Todaq to sit in reserve as a backstop to underpin the value of deployed TDN. The TDN will allow for cryptographic ownership and tracking of commodities as they are processed and traded. The price of TDN was negotiated between the parties in respect of the first 1800 tonnes of graphite. Thereafter, the price of TDN will be based on the market price for TDN for the month in which subsequent orders are placed by Todaq. The price per tonne for graphite was negotiated between the parties and is fixed for the first 1800 tonnes. Thereafter, the price per tonne will be based on the price at which the Company sells similar product to third parties. Although Sheldon Inwentash, Co-CEO of the Company, acts as an advisor to TODAQ Holdings, the Supply Agreement was negotiated on an arm’s-length basis between Gratomic and Todaq without any involvement by Mr. Inwentash, and Gratomic is at arm’s length to Todaq and TODAQ Holdings.
The initial 1800 tonnes of graphite will be processed through the
Company’s pilot processing plant. The Supply Agreement provides that the
graphite to be delivered will comprise 95% carbon, contain no more than
0.5% moisture content and will be sized at 173 µm (0.173 mm) or less.
Gratomic is in the process of finalizing and fine-tuning its commercial
scale graphite processing plant referred to in the Company’s Press
Release dated May 3, 2019.
Gratomic Executive Chairman and Co-CEO, Sheldon Inwentash
commented, “Building our long-term treasury and creating secure digital
ownership of commodities that can carry an immutable history of its
quality, amount, handling, testing and custody, and which can move
without friction through manufacturing chains or on trading platforms is
where we need to be. As we move to production, this acquisition program
creates the foundation to start that focused work”
Gratomic wishes to emphasize that Supply Agreement is conditional on
Gratomic being able to bring the Aukam project into a production phase,
and for any graphite being produced to meet certain technical and
mineralization requirements.
Gratomic continues to move its business towards production and as part of its business plan, expects to obtain a National Instrument 43-101 Standards of Disclosure for Mineral Projects technical report to help it ascertain the economics of Aukam.
Presently the Company uses its existing pilot processing facility to
produce certain amounts of graphite concentrate from accumulated surface
graphite.
Risk Factors
The Company advises that it has not based its production decision on
even the existence of mineral resources let alone on a feasibility study
of mineral reserves, demonstrating economic and technical viability,
and, as a result, there may be an increased uncertainty of achieving any
particular level of recovery of minerals or the cost of such recovery,
including increased risks associated with developing a commercially
mineable deposit.
The Supply Agreement provides that if Gratomic is unable to deliver
graphite in accordance with the orders from Todaq, Todaq has the right
to refuse to take any subsequent attempt to fulfil the order, terminate
the agreement immediately, obtain substitute product from another
supplier and recover from the Company any costs and expenses incurred in
obtaining such substitute product or suing for damages under the
contract.
Historically, such projects have a much higher risk of economic and
technical failure. There is no guarantee that production will begin as
anticipated or at all or that anticipated production costs will be
achieved.
Failure to commence production would have a material adverse impact
on the Company’s ability to generate revenue and cash flow to fund
operations. Failure to achieve the anticipated production costs would
have a material adverse impact on the Company’s cash flow and future
profitability.
Steve Gray, P.Geo. has reviewed,
prepared and approved the scientific and technical information in this
press release and is Gratomic Inc’s “Qualified Person” as defined by
National Instrument 43-101 – Standards of Disclosure for Mineral Projects.
About Gratomic Inc.
Gratomic is an advanced materials company focused on mine to market
commercialization of graphite products most notably high value graphene
based components for a range of mass market products. We are
collaborating with a leading European manufacturer of graphenes to use
Aukam graphite to manufacture graphene products for commercialization on
an industrial scale. The company is listed on the TSX Venture Exchange
under the symbol GRAT.
“Neither TSX Venture Exchange nor its Regulation Services Provider
(as that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.”
Posted by AGORACOM-JC
at 4:05 PM on Wednesday, October 16th, 2019
STAR-A.D.S. ® – Allowing airline operators to rapidly access flight data exactly when required
System installed on a major private operator in the Mid-East has been operating for more than one year now
Discussions are being
finalized to expand the installation of the STAR solution of real-time
monitoring to the rest of the customers’ fleet.
A contract for 5 aircraft installations with a scheduled flights airline in Egypt has been implemented.
Production of 27 STAR-A.D.S.® System units has commenced in order to meet ongoing requirements
Granted new Supplemental Type Certification by Transport Canada
The STC relates to the use of the STAR-A.D.S. ® Gen 3 system on an Airbus A320 aircraft type
Entered into a partnership and industrial agreement with ANTAZ Technologies Pvt. Ltd
A well-established Indian company with facilities in Hyderabad,
Bangalore and Delhi, India, Antaz will adapt, integrate and market STAR
products to the Indian Defence Forces (Air Force and Navy) in
collaboration with Hindustan Aeronautics Limited
FULL DISCLOSURE: Star Navigation Systems Group Ltd. is an advertising client of AGORA Internet Relations Corp.
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