Posted by AGORACOM
at 11:27 AM on Friday, April 3rd, 2020
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 a 40km strike length of the Florence Lake greenstone belt, one of two greenstone belts covered by the Hopedale Project. Recently acquired 14km of the potential extension of the new discovery by New Found Gold’s Queensway project to the south.Click Here for More Info
Small gold bars and coins are in high demand from consumers
The size of different products is a key reason for the crunch
Surging demand and disruptions from the coronavirus pandemic have created a shortage of the small gold bars most popular with consumers.
When people are worried about the future they turn to gold to protect their savings. That’s rarely been more true than today.
Surging demand and disruptions from the coronavirus pandemic have created a shortage of the small gold bars most popular with consumers. Those who do manage to get their hands on metal have to pay up –- well above the per-ounce prices being quoted on financial markets in London and New York.
Some dealers are desperately contacting clients to see if anyone is willing to sell their gold bars and coins, and offering a rare premium over spot prices. Others have given up trying to trade altogether.
“People want to buy, not to sell gold,†said Mark O’Byrne, the founder of GoldCore, a dealer based in Dublin. “We have a buyers’ waiting list and we emailed our clients seeing who wished to sell their gold. At this time there is roughly only one or two sellers for every 99 buyers.â€
Size is a key reason for the crunch. While there’s plenty of gold in a big trading hub like London, banks and other institutional investors there typically use large bars of 400 ounces. That’s not practical for a regular person who may not want to cough up more than $600,000 for a single bar. Instead, retail investors prefer kilobars (about 32 ounces), 1-ounce bars and coins, or something even smaller.
Those smaller items are getting hard to find for several reasons. First, of course, demand has exploded. But there’s also been pressure on supply, as global travel shuts down and some refineries and mints have stopped operating or capped production because of local lockdowns.
Premiums in the retail market “have exploded,†said Markus Krall, chief executive of German precious-metals retailer Degussa. The average price of products in shops is somewhere between 10% and 15% over spot prices, which he’s never seen before, Krall said. Demand, too, is at the highest level he’s experienced.
Certain products also command more of a premium than others. Kilobars manufactured by Argor-Heraeus SA, one of the big Swiss refiners whose plant has been closed since last week due to the health crisis, were selling for over 6% above spot, said Ronan Manly, an analyst at Singapore dealer BullionStar.
“We are seeing an unprecedented situation where huge customer demand and the disconnect between physical prices and spot prices is driving buy premiums high,†he said. Spot prices coming from London or New York “are completely detached from the reality on the ground.â€
Posted by AGORACOM
at 9:54 AM on Friday, April 3rd, 2020
SPONSOR: American Creek owns a 20% Carried Interest to Production at the Treaty Creek Project in the Golden Triangle. 2019’s first hole averaged 0.683 g/t Au over 780m in a vertical intercept. 2020 drilling plans 18,000 to 20,000 metres from 7-10 drill platforms with four diamond drill rigs. The Treaty Creek property is located in the same hydrothermal system as the Pretivm and Seabridge’s KSM deposits and is fully funded for exploration in 2020. Click Here For More Info
The nations of the world had 34,700 tons of gold reserves, as of January 2020.
Countries maintain gold reserves to stabilize currency against hyperinflation, particularly in the event of a major crisis like the one many economies worldwide currently face as a result of the coronavirus pandemic. Relatively few countries, however, have large gold reserves. In fact, over 80% of the world’s national gold reserves is held by the central banks and finance ministries of just 25 countries.
To determine the countries that control the world’s gold, 24/7 Wall St. reviewed data on gold reserves by country in tonnes – or metric tons – as of January 2020 from the World Gold Council. Data on gold as a share of a country’s total foreign exchange reserves also came from the WGC and is current as of January 2020.
The value of a country’s gold reserves in U.S. dollars was calculated using exchange rates current as of March 13, 2020. GDP and GDP per capita figures in 2018 are from the World Bank and are in constant 2011 international dollars. Data on population is also from the World Bank and is for 2018 or for the most recent period available.
Many, but not all of the countries on this list, are among the wealthiest nations on Earth, as these countries are able to buy up substantial gold reserves. These are the 25 richest countries in the world.
While some countries on this list have obtained gold reserves by purchasing from other countries, many of the nations with the biggest gold reserves, such as China, the United States, and Russia, are also the top gold-producing countries. China, the largest producer of gold in the world, alone accounted for 14% of global gold production in 2016.Â
25. Venezuela
• Gold reserves as of January 2020: 161.2 tonnes
• Gold reserves in USD as of January 2020: $8.1 billion
• Gold as % of total foreign exchange reserves: 81.0%
• GDP: $271 billion ($9,402 per capita)
• Population: 28.9 million
24. Algeria
• Gold reserves as of January 2020: 173.6 tonnes
• Gold reserves in USD as of January 2020: $8.7 billion
• Gold as % of total foreign exchange reserves: 11.6%
• GDP: $580 billion ($13,737 per capita)
• Population: 42.2 million
23. Philippines
• Gold reserves as of January 2020: 197.9 tonnes
• Gold reserves in USD as of January 2020: $9.9 billion
• Gold as % of total foreign exchange reserves: 11.2%
• GDP: $847 billion ($7,943 per capita)
• Population: 106.7 million
22. Belgium
• Gold reserves as of January 2020: 227.4 tonnes
• Gold reserves in USD as of January 2020: $11.4 billion
• Gold as % of total foreign exchange reserves: 39.5%
• GDP: $498 billion ($43,582 per capita)
• Population: 11.4 million
21. Poland
• Gold reserves as of January 2020: 228.6 tonnes
• Gold reserves in USD as of January 2020: $11.5 billion
• Gold as % of total foreign exchange reserves: 9.3%
• GDP: $1.1 trillion ($28,786 per capita)
• Population: 38 million
20. Austria
• Gold reserves as of January 2020: 280.0 tonnes
• Gold reserves in USD as of January 2020: $14.1 billion
• Gold as % of total foreign exchange reserves: 56.1%
• GDP: $409 billion ($46,260 per capita)
• Population: 8.8 million
19. Spain
• Gold reserves as of January 2020: 281.6 tonnes
• Gold reserves in USD as of January 2020: $14.1 billion
• Gold as % of total foreign exchange reserves: 19.1%
• GDP: $1.6 trillion ($34,831 per capita)
• Population: 46.7 million
18. Lebanon
• Gold reserves as of January 2020: 286.8 tonnes
• Gold reserves in USD as of January 2020: $14.4 billion
• Gold as % of total foreign exchange reserves: 27.3%
• GDP: $79 billion ($11,607 per capita)
• Population: 6.8 million
17. United Kingdom
• Gold reserves as of January 2020: 310.3 tonnes
• Gold reserves in USD as of January 2020: $15.6 billion
• Gold as % of total foreign exchange reserves: 9.3%
• GDP: $2.7 trillion ($40,522 per capita)
• Population: 66.5 million
16. Saudi Arabia
• Gold reserves as of January 2020: 323.1 tonnes
• Gold reserves in USD as of January 2020: $16.2 billion
• Gold as % of total foreign exchange reserves: 3.2%
• GDP: $1.7 trillion ($49,101 per capita)
• Population: 33.7 million
15. Uzbekistan
• Gold reserves as of January 2020: 333.7 tonnes
• Gold reserves in USD as of January 2020: $16.8 billion
• Gold as % of total foreign exchange reserves: 56.7%
• GDP: $250 billion ($7,592 per capita)
• Population: 33 million
14. Portugal
• Gold reserves as of January 2020: 382.5 tonnes
• Gold reserves in USD as of January 2020: $19.2 billion
• Gold as % of total foreign exchange reserves: 76.8%
• GDP: $298 billion ($28,999 per capita)
• Population: 10.3 million
13. Kazakhstan
• Gold reserves as of January 2020: 386.5 tonnes
• Gold reserves in USD as of January 2020: $19.4 billion
• Gold as % of total foreign exchange reserves: 67.1%
• GDP: $452 billion ($24,738 per capita)
• Population: 18.3 million
12. Taiwan, province of China
• Gold reserves as of January 2020: 422.4 tonnes
• Gold reserves in USD as of January 2020: $21.2 billion
• Gold as % of total foreign exchange reserves: 4.3%
• GDP: N/A
• Population: N/A
11. Turkey
• Gold reserves as of January 2020: 428.7 tonnes
• Gold reserves in USD as of January 2020: $21.5 billion
• Gold as % of total foreign exchange reserves: 21.8%
• GDP: $2.1 trillion ($25,358 per capita)
• Population: 82.3 million
10. Netherlands
• Gold reserves as of January 2020: 612.5 tonnes
• Gold reserves in USD as of January 2020: $30.8 billion
• Gold as % of total foreign exchange reserves: 70.2%
• GDP: $858 billion ($49,787 per capita)
• Population: 17.2 million
9. India
• Gold reserves as of January 2020: 635 tonnes
• Gold reserves in USD as of January 2020: $31.9 billion
• Gold as % of total foreign exchange reserves: 7%
• GDP: $9.3 trillion ($6,888 per capita)
• Population: 1.4 billion
8. Japan
• Gold reserves as of January 2020: 765.2 tonnes
• Gold reserves in USD as of January 2020: $38.4 billion
• Gold as % of total foreign exchange reserves: 2.9%
• GDP: $5 trillion ($39,294 per capita)
• Population: 126.5 million
7. Switzerland
• Gold reserves as of January 2020: 1,040.0 tonnes
• Gold reserves in USD as of January 2020: $52.3 billion
• Gold as % of total foreign exchange reserves: 6.2%
• GDP: $505 billion ($59,317 per capita)
• Population: 8.5 million
6. China
• Gold reserves as of January 2020: 1,948.3 tonnes
• Gold reserves in USD as of January 2020: $97.9 billion
• Gold as % of total foreign exchange reserves: 3.1%
• GDP: $22.5 trillion ($16,182 per capita)
• Population: 1.4 billion
5. Russia
• Gold reserves as of January 2020: 2,279.2 tonnes
• Gold reserves in USD as of January 2020: $114.5 billion
• Gold as % of total foreign exchange reserves: 20.6%
• GDP: $3.8 trillion ($24,791 per capita)
• Population: 144.5 million
4. France
• Gold reserves as of January 2020: 2,436.0 tonnes
• Gold reserves in USD as of January 2020: $122.4 billion
• Gold as % of total foreign exchange reserves: 63.6%
• GDP: $2.6 trillion ($39,556 per capita)
• Population: 67 million
3. Italy
• Gold reserves as of January 2020: 2,451.8 tonnes
• Gold reserves in USD as of January 2020: $123.2 billion
• Gold as % of total foreign exchange reserves: 69.3%
• GDP: $2.2 trillion ($35,828 per capita)
• Population: 60.4 million
2. Germany
• Gold reserves as of January 2020: 3,366.5 tonnes
• Gold reserves in USD as of January 2020: $169.1 billion
• Gold as % of total foreign exchange reserves: 74%
• GDP: $3.8 trillion ($45,936 per capita)
• Population: 82.9 million
1. United States
• Gold reserves as of January 2020: 8,133.5 tonnes
• Gold reserves in USD as of January 2020: $408.7 billion
• Gold as % of total foreign exchange reserves: 77.9%
Posted by AGORACOM-JC
at 7:33 AM on Friday, April 3rd, 2020
Completed an interactive COVID-19 dashboard to help with the understanding of the danger of this virus, and to monitor the global impact of COVID-19
The dashboard was built to incorporate data that has been collected from various countries and organizations including World Health Organization
TORONTO, April 03, 2020 – Datametrex AI Limited(the “Company†or “Datametrexâ€) is pleased to announce that it has completed an interactive COVID-19 dashboard to help with the understanding of the danger of this virus, and to monitor the global impact of COVID-19. The dashboard was built to incorporate data that has been collected from various countries and organizations including World Health Organization (“WHOâ€). It is analyzed and presented in a user-friendly format which allows users to easily examine the spread of COVID-19 globally, by country or to compare various countries.
http://www.datametrex.com/covid-board.html
“As an AI company, we felt it important to provide access to a platform like this so people can see the real time effects of the COVID-19 pandemic. We’ve had a lot of interest from people looking for more data surrounding the Coronavirus and COVID-19 as a result of the work we are doing for the United States Government. It was from this that we decided to build a user friendly dashboard that allows people to see the global impact. We produce more than just reports,†says Marshall Gunter, CEO of the Company.
About Datametrex AI Limited
Datametrex AI Limited is a technology focused company with exposure to Artificial Intelligence and Machine Learning through its wholly owned subsidiary, Nexalogy (www.nexalogy.com).
Additional information on Datametrex is available at: www.datametrex.com
For further information, please contact:
Marshall Gunter – CEO Phone: (514) 295-2300 Email: [email protected]
Neither the 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.
Forward-Looking Statements
This news release contains “forward-looking information” within the meaning of applicable securities laws. All statements contained herein that are not clearly historical in nature may constitute forward-looking information. In some cases, forward-looking information can be identified by words or phrases such as “may”, “will”, “expect”, “likely”, “should”, “would”, “plan”, “anticipate”, “intend”, “potential”, “proposed”, “estimate”, “believe” or the negative of these terms, or other similar words, expressions and grammatical variations thereof, or statements that certain events or conditions “may” or “will” happen, or by discussions of strategy.
Readers are cautioned to consider these and other factors, uncertainties and potential events carefully and not to put undue reliance on forward-looking information. The forward-looking information contained herein is made as of the date of this press release and is based on the beliefs, estimates, expectations and opinions of management on the date such forward-looking information is made. The Company undertakes no obligation to update or revise any forward-looking information, whether as a result of new information, estimates or opinions, future events or results or otherwise or to explain any material difference between subsequent actual events and such forward-looking information, except as required by applicable law.
Posted by AGORACOM
at 8:03 PM on Thursday, April 2nd, 2020
Sponsor: Affinity Metals Corp. (TSX-V: AFF) is a Canadian mineral exploration company building a strong portfolio of mineral projects in North America. The Corporation’s flagship property is the drill ready Regal Property near Revelstoke, BC where Affinity Metals is making preparations for a spring drill program to test two large Z-TEM anomalies. Click Here for More Info
BMO Capital Markets upgraded its forecast for gold prices Wednesday while downgrading the outlook for many other commodities.
BMO sees gold averaging $1,660 an ounce in the second quarter and rising to $1,700 in the fourth. The bank’s full-year forecast is now at $1,654, increasing to $1,698 next year.
The bank looks for silver to average $15.50 an ounce in the second quarter, then $18.50 in the next two quarters, with a full-year average of $17.18. The 2021 outlook was put at $18.05.
A previously expected global economic and industrial recovery in 2020 has been “stopped in its tracks†by the COVID-19 pandemic, BMO said. Businesses are shutting down around the world to slow the spread of the virus. As a result, the bank now expects a 0.8% contraction in global industrial production this year, the first slowdown since 2009. “And as a result, we have revised down our 2020 outlook across many of the commodities we cover, while pushing gold expectations higher,†BMO said.
Nevertheless, prices for all commodities – with the exception of iron ore – are likely to be higher next year, as supportive government stimulus efforts take hold, BMO said.
“We see gold as a natural beneficiary of even lower global interest rates and its safe-haven status should receive another airing in 2020,†BMO said. “Meanwhile, we see silver as not only hanging on gold’s coattails, but also potentially outperforming should governments move towards fiscal spending on 5G and solar technology.â€
Analysts pointed out that after the 2008 global financial crisis, gold and silver prices recovered months ahead of the global industrial economy.
Meanwhile, BMO said the platinum and palladium markets are likely to be volatile with both weaker auto sales and supply. However, since palladium stocks are already low, another price rally is likely when the auto industry restarts, BMO continued.
Platinum is seen averaging $950 an ounce in the second quarter and $1,000 in the fourth, with a full-year forecast of $971. Palladium is seen averaging $2,500 in the second quarter but falling to $2,250 in the fourth for a full-year average of $2,313.
BMO said its biggest downward revision to commodity prices in 2020 was in copper, but the outlook for other base metals was also lowered, including aluminum, zinc and nickel. These are all industrial metals. Copper is seen averaging $2.27 a pound in the second quarter and $2.33 for the full year.
Posted by AGORACOM-JC
at 1:57 PM on Thursday, April 2nd, 2020
SPONSOR: New Age Metals Inc. The company owns one of North America’s largest primary platinum group metals deposit in Sudbury, Canada. Updated NI 43-101 Mineral Resource Estimate 2,867,000 PdEq Measured and Indicated Ounces, with an additional 1,059,000 PdEq Ounces Inferred. Learn More.
Bulls need to overcome 2,350: Palladium price analysis
Palladium has staged a major recovery after the popular metal received a strong boost from the Federal Reserve’s unlimited bond-buying program
Palladium price analysis highlights that a strong recovery from the 1,500 level has occurred
Palladium has staged a major recovery after the popular metal received a strong boost from the Federal Reserve’s unlimited bond-buying programme.
Palladium price analysis shows that the metal needs to overcome the 2,350 resistance level to keep the recent bullish momentum intact.
Palladium medium-term price trend
Palladium recently staged a strong recovery from just below the 1,500 level, after the FED’s QE programme boosted palladium prices.
Palladium price analysis shows that bearish MACD price divergence on the daily time frame has been completely reversed after the latest decline.
The daily time frame also shows that a bearish head-and-shoulders pattern played out to the downside, and reached its overall downside objective.
Drawing a Fibonacci retracement from the all-time price high to the March low, palladium is currently testing the 61.8 retracement of the mentioned sequence.
The 2,575 resistance level is the next major resistance area to watch if a breakout above the 2,350 level occurs, while failure to surpass the 2,350 level could result in a pullback towards the 50 per cent Fibonacci level, around the 2,180 level.
Saudi vs Russia oil price war
Palladium short-term price trend
Palladium price analysis over the short term shows that the price is consolidating around the metal’s 200-period moving average, around the 2,300 level.
The one-hour time frame is currently showing that a large amount of bearish MACD price divergence has formed during the latest rally.
Looking more closely at the bearish price divergence, the MACD price divergence extends down towards the 1,700 level.
Failure to gain traction above the 2,300 level could result in a drop towards the 1,700 level, which would reverse the bearish MACD divergence.
Palladium technical summary
Palladium price analysis highlights that a strong recovery from the 1,500 level has occurred. The lower time frames are warning that bearish MACD price divergence extends down towards the 1,700 level.
Posted by AGORACOM-JC
at 1:27 PM on Thursday, April 2nd, 2020
SPONSOR: Tartisan Nickel (TN:CSE) Kenbridge Property has a measured and indicated resource of 7.14 million tonnes at 0.62% nickel, 0.33% copper. Tartisan also has interests in Peru, including a 20 percent equity stake in Eloro Resources and 2 percent NSR in their La Victoria property. Click her for more information
Have the next crop of battery metals producers been oversold?
Could a large global recession as a result of the COVID-19 crisis alter the consensus long term outlook for battery raw materials like lithium, cobalt, graphite, nickel and copper?
No, says CRU Group senior analyst George Heppel. Irrespective of temporary recessions or market downturns, electrification of the global automotive sector remains “inevitable†in the long run.
Right now, COVID-19 is freezing the embryonic battery supply chain. But for the next crop of battery metals producers — impacted by the broader share market rout — ‘deals and discussions’ are very much continuing behind the scenes.
The short-term outlook for the lithium-ion supply chain, like everything else, is uncertain. Could a large global recession as a result of the COVID-19 crisis alter the consensus long term outlook for battery raw materials like lithium, cobalt, graphite, nickel and copper?
No, says CRU Group senior analyst George Heppel. Irrespective of temporary recessions or market downturns, electrification of the global automotive sector remains “inevitable†in the long run.
“Investment in e-mobility reduces CO2 emissions, improves air quality and will eventually make a huge amount of financial sense to the average consumer as battery costs decline and manufacturing scale ramps up,†he says.
The future remains bright for high quality battery facing stocks, especially those placed to take advantage of the next upsurge in demand in 2022/2023.
In the short-term, Heppel says the automotive sector – and EVs by extension – are experiencing a reduction in demand due to quarantine.
“Many consumers in key markets can’t leave their house for non-essential reasons right now, let alone buy cars,†he says.
“We have heard reports that 85 per cent of automotive manufacturing capacity in Germany is currently idle as a result of the pandemic.
“However, in theory this should create ‘pent up demand’ which is released when quarantines are relaxed.â€
Ongoing economic uncertainty will also hinder attempts to push new battery metals projects into production in the short-term, Benchmark Mineral Intelligence analyst Andrew Miller says.
“As a result, the potential for a supply crunch over the coming years will increase – money needs to go into new expansions today to fuel the growth in EV production in 2022/23 onwards,†he says.
Battery focused nickel sulphide play Blackstone Minerals (ASX:BSX) agrees that supply will tighten due to the reduced funding into new projects going forward “which will reduce the supply of nickel (particularly from laterites) and only increase the gap between supply and demandâ€.
“Tread carefully, but I believe now is the time to be buying those mining stocks you’ve been watching for months,†Blackstone managing director Scott Williamson told Stockhead.
“I can’t see the junior battery metals miners getting any cheaper than they are today.â€
“What was meant to be the year battery demand diversified outside China may now see China play a more important role than ever before,†he says.
“There are also expectations that EVs will be included in the country’s stimulus efforts which could bolster the long-term outlook.â€
China moving to insulate domestic #EV market as the country’s supply chain ramps back up following Q1 slowdown. More of these types of policies likely to follow over coming months: https://t.co/XUea3iteT5
Advanced explorer AVZ Minerals (ASX:AVZ) is driving the mammoth Manono project in the DRC toward a development decision.
As part of that process, it is aiming to lock in a lithium offtake and strategic investment deal with Chinese firm Yibin Tianyi.
Yibin Tianyi is set to become a key cog in the supply chain of Contemporary Amperex Technology (CATL), the world’s biggest lithium-ion battery maker.
AVZ managing director Nigel Ferguson told Stockhead the company had seen “increased and faster responses†out of the companies they were talking to in China over the last few weeks.
“They appear to be re-awakening after the significant lock downs there,†he says.
“OEM/car manufacturers are committed to their EV plans, and while the current events are certainly causing disruptions, I have not heard of any OEM changing its long-term EV growth plans.
“For AVZ, with our significant long-life, high-quality resource underpinned by the EV thematic, the future is very bright. Current share price values certainly do not represent that.â€
Posted by AGORACOM-JC
at 7:38 AM on Thursday, April 2nd, 2020
LOTTE has chosen the Company to be one of its preferred vendor partners
Every year LOTTE chooses 10 of its top vendor companies to put on their preferred partners program
Vendors on this platform have demonstrated quality, reliability and trustworthiness.
TORONTO, April 02, 2020 — Datametrex AI Limited (the “Company†or “Datametrexâ€) is pleased to share that LOTTE has chosen the Company to be one of its preferred vendor partners.
Every year LOTTE chooses 10 of its top vendor companies to put on their preferred partners program. Vendors on this platform have demonstrated quality, reliability and trustworthiness. Once on this platform, a company can receive payments in full for contracts within two weeks of a purchase order. For companies that are part of the preferred vendor group, LOTTE has created a growth fund of approximately $200M USD. This fund is used to create joint venture (JV’s) companies with preferred vendors or to co-bid on contracts of significant size as a way to sponsor their preferred vendors.
In addition to creating JV’s, LOTTE also offers its preferred partners loans bearing minimal interest rates to support their growth. The current rate at approximately 3%. Datametrex is pleased to share that it is currently in the process of creating a JV with LOTTE for Government related contracts. As a direct benefit of Datametrex inclusion in this program, the Company is eligible to borrow up to $500,000 CAD per quarter.
“Being chosen to participate in the preferred vendor program with LOTTE is a validation of the quality of work our team is providing to LOTTE. It also assists greatly with cash flow and the fact that we can apply for such a low interest rate loan removes any financing risk for the Company,†says Marshall Gunter, CEO of the Company.
About Datametrex AI Limited
Datametrex AI Limited is a technology focused company with exposure to Artificial Intelligence and Machine Learning through its wholly owned subsidiary, Nexalogy (www.nexalogy.com). Additional information on Datametrex is available at: www.datametrex.com
For further information, please contact:
Marshall Gunter – CEO Phone: (514) 295-2300 Email: [email protected]
Neither the 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.
Forward-Looking Statements
This news release contains “forward-looking information” within the meaning of applicable securities laws. All statements contained herein that are not clearly historical in nature may constitute forward-looking information. In some cases, forward-looking information can be identified by words or phrases such as “may”, “will”, “expect”, “likely”, “should”, “would”, “plan”, “anticipate”, “intend”, “potential”, “proposed”, “estimate”, “believe” or the negative of these terms, or other similar words, expressions and grammatical variations thereof, or statements that certain events or conditions “may” or “will” happen, or by discussions of strategy.
Readers are cautioned to consider these and other factors, uncertainties and potential events carefully and not to put undue reliance on forward-looking information. The forward-looking information contained herein is made as of the date of this press release and is based on the beliefs, estimates, expectations and opinions of management on the date such forward-looking information is made. The Company undertakes no obligation to update or revise any forward-looking information, whether as a result of new information, estimates or opinions, future events or results or otherwise or to explain any material difference between subsequent actual events and such forward-looking information, except as required by applicable law.
Posted by AGORACOM-JC
at 5:13 PM on Wednesday, April 1st, 2020
When US Government Agencies call you in the middle of the greatest health and economic crisis in 100 years, it is safe to assume your Artificial Intelligence capabilities to detect fake news, disinformation campaigns and their impact is amongst the most respected in the world.
You would expect such a company to be a tech giant or a Silicon Valley project. But Datametrex AI (DM: TSXV) (Soon To Be Nexaology) is a great Canadian small cap technology company, that has also achieved the following as of late:
Q3 Revenues Of $1.6 million, an increase of 186%
9 Mont Revenues Of $2.56M an increase of 37%
Repeat Contracts Of $1M and $600,000 With Korean Giant LOTTE
$954,000 Contract With Canadian Department of Defence To Fight Social Media Election Meddling
Participation In NATO Research Task Group On Social Media Threat Detection
Becoming an affiliate member of the Carnegie Mellon University Center for IDeaS
When a small cap Artificial Intelligence company is successfully deploying its technology with military and conglomerates, smart investors have to take a closer look.
That look can begin with our latest interview of Datametrex CEO, Marshall Gunter, who talks to us about the use of the Company’s Artificial Intelligence by US Government Agencies to detect misinformation campaigns against the United States by foreign entities.
Watch this interview on one of your favourite screens or hit play and listen to the audio as you drive.
Posted by AGORACOM-JC
at 11:49 AM on Wednesday, April 1st, 2020
SPONSOR: CardioComm Solutions (EKG: TSX-V) – The heartbeat of cardiovascular medicine and telemedicine. Patented systems enable medical professionals, patients, and other healthcare professionals, clinics, hospitals and call centres to access and manage patient information in a secure and reliable environment.
mHealth Project to Crowdsource Consumer Data for Coronavirus Research
UCSF researchers are deploying an mHealth app to gather information on daily health habits
They’re hoping to gain insight on how behaviors might affect the course of the virus or outcomes in those who are infected
March 31, 2020 – mHealth researchers are using smartphones to crowdsource Coronavirus research.
The University of California at San Francisco has launched COVID-19 Citizen Science (CCS), a project aimed at gathering insights from people around the world on the virus. Participants are being asked to download an mHealth app, complete a survey about their daily health habits, complete a weekly follow-up survey and pass it on to friends.
“We are asking each participant to share the link to recruit at least five others,†Gregory Marcus, MD, MAS, a professor at UCSF’s Department of Medicine and the project’s co-leader, said in a press release. “We want to demonstrate that the number of people signing up for this scientific study and contributing their data can increase exponentially, faster than the disease itself.â€
Participants will also be able to provide continuous GPS data and information from mHealth wearables, such as Fitbit activity bands and smartwatches.
(For more coronavirus updates, visit our resource page, updated twice daily by Xtelligent Healthcare Media.)
Marcos is no stranger to telehealth projects. In 2013 he helped to launch the Health eHeart Study, which used online and mHealth tools to collect and analyze heart health data. That, in turn, led to the launch of a study in 2018 that combined mHealth wearables with AI to determine whether a cardiac monitoring platform could help detect early signs of diabetes.
Marcos says CCS aims to identify behaviors, influences and factors that might affect the course of the virus and outcomes after infection, and he feels the study could be the largest-ever prospective epidemiological study of infectious diseases.
“Social distancing keeps many protected,†he said, “but joining together to contribute data will help us beat this thing.â€
Posted by AGORACOM-JC
at 11:21 AM on Wednesday, April 1st, 2020
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The Past, Present And Future Of Edtech Startups
Between January 2014 and September 2019, more than 4,450 edtech startups have been launched in India
An analysis of China’s current state of startup ecosystem will have very few but clear winners, one of which is the edtech sector. In India too, with the nationwide lockdown, there is a sudden surge in demand for edtech startups even as others are struggling to find a way out. Ecommerce and edtech are two sectors that may survive this rock phase, say experts.
However, as of now, it will not be wrong to say that edtech is yet to gain mass traction. Despite the launch of 4,450 edtech startups in the country, India has only one unicorn in the sector, BYJU’s, with a $5.7 Bn valuation. In fact, as we have mentioned in our earlier reports, BYJU’s also had to spend a good ten years to reach the valuation. The startup worked in stealth mode from 2011 to 2015 and the app was launched only in 2015.
For new entrepreneurs in the space, staying afloat has been all the more difficult. There is still a lack of warm reception for tech in India and many other countries. What a classroom can offer in terms of interpersonal skills, is something tech may not be able to replace, say educational experts.
“In our view, the failure rate for edtech startups is comparable with any other sector. Given that education is a high-involvement category and a career-affecting service, tech adoption is usually lower compared to other services and products. Hence, edtech startups can take more time to scale up than in some of the other categories,†Pranjal Kumar, CFO and head of education fund at Bertelsmann, told us earlier.
Funding And M&As In Edtech
According to DataLabs by Inc42, between January 2014 and September 2019, more than 4,450 edtech startups have been launched in India. However, 25% of startups have shut shop while only 4.17% of startups have raised funds. BYJU’s grabbed 65% of the total funding in edtech startups. The startups are, till date, finding it difficult to create a steady revenue stream.
To a great extent venture capitalists (VC) are playing an important role in helping the startup ecosystem, including edtech, largely considered futuristic. “VC investments have often been likened to rocket fuel or running on a treadmill. When we come in and invest we want to see you grow 5x over the next 15-18 months and keep that momentum going after each round of financing,†said Sajith Pai, Director, Blume Ventures.
The VCs who have been supporting BYJU’S, Vedantu, Toppr and others in the Indian edtech industry to scale-up businesses would be as below:
Blume Ventures: Blume has made six investments in edtech at pre-series A and seed stage. The investments have been in an array of segments within edtech including online test-prep, gamified learning, B2B white label apps for coaching classes and others.
Sequoia Capital: Known to be very active in the fintech segment, with 13 deals in 2019, Sequoia grabbed 10 deals in the edtech sector in 2019.
Omidyar Network: The VC firm makes equity investments in early-stage enterprises and provides grants to nonprofits in education and others.
Nexus Venture Partners: The venture fund has backed startups such as Unacademy, Quizizz, WhiteHat Jr among others
SAIF Partners: Toppr and Unacademy are some of the key investments by the VC in the Indian edtech market so far
Accel Partners: They have invested in startups including Edupristine and Vedantu
InnoVen Capital: The two prominent companies funded by InnoVen India include BYJU’S and Eruditus
Other than the above, Helion Venture Partners, Indian Angel Network (IAN) and India Educational Investment Fund are some of the prominent funds in the sector.
The edtech ecosystem also saw Initial Public Offering (IPO), and mergers and acquisitions, the two of the most common exit strategies in any startup ecosystem. As per DataLabs’ The Future Of India’s $2 Bn Edtech Opportunity Report 2020 between 2014 and 2019, a total of 35 edtech startups underwent merger or acquisition. The report also states that the Indian edtech startup ecosystem has seen the participation of 28 active acquirers, 54% of which hail from the education technology sector itself.
