Monday, May 29, 2017

Home Capital Group Inc.- HCG.t

Home Capital Group Inc.- HCG.t is a holding Company and operates through its principal subsidiary, Home Trust Company.

Home Trust is a federally regulated trust company offering deposit, mortgage lending, retail credit and credit card issuing services. Licensed to conduct business across Canada, Home Trust has offices in Ontario, Alberta, British Columbia, Québec, Nova Scotia and Manitoba.

On July 10, 2015 the media reported News

The Globe and Mail reports in its Saturday edition that Home Capital Group (HCG) ($9.27) has plunged by almost 60 per cent and it lost more than $3.5-billion in deposits after the Ontario Securities Commission last month accused it of misleading investors about its probe of 45 outside brokers. A Bloomberg dispatch to The Globe reports that the enforcement underscores the difficulty regulators face in keeping fraud out of the mortgage market, and prosecuting individuals who break regulations. Despite having one of the world's hottest housing markets and $1.45-trillion in mortgage debt, the system of rooting out industry fraud is not keeping up, experts say. Principal brokers have a responsibility to monitor broker and agent compliance, says the Financial Services Commission of Ontario. In Canada, the mortgage industry is overseen by each province, with the Ministry of Finance creating the regulation FSCO enforces in Ontario. Companies have their own risk measures, maintaining an internal list of brokers who have submitted fudged applications, referring to them as "unlucky." Equifax says mortgage fraud jumped 52 per cent last year from 2011, showing the issue may only be growing.

Saturday, May 27, 2017

The Allman Brothers Band - Whipping Post - 9/23/1970

Gregg Allman, a singer, musician and songwriter who played an essential role in the invention of Southern rock, has died at the age of 69.

Friday, May 26, 2017

Tsodilo Resources Limited - TSD.v

Tsodilo Resources Limited - TSD.v is a diamond, base and precious metal exploration company focused on northwest Botswana.

On May 25, 2017 the company released NEWS

Tsodilo Resources Limited ("Tsodilo" or the "Company") (TSX-Venture Exchange: (TSD) is pleased to announce that its Botswana subsidiary, Bosoto (Pty) Ltd., has been granted prospecting license PL217/2016 in the Orapa Kimberlite Field ("OKF") in Botswana.

PL217/2016 is located within the OKF in Botswana. The diamond mines in Botswana have produced an average of 27 million carats annually in the last 10 years and Botswana is the world's largest producer of diamonds by value. In 2016, the OKF area produced 8.85 million carats. Of the 83 known kimberlite bodies in the OKF, eleven have been or are currently being mined.

Thursday, May 25, 2017

SolGold PLC - AIM: SOLG.l

SolGold PLC - AIM: SOLG.l carries a diverse portfolio of exploration projects in Ecuador, Solomon Islands and Australia.

SolGold has been focused on the Andean Copper Belt in Northern Ecuador since 2012. The Cascabel Project is SolGold's flagship project.
On January 4, 2017 the company released News

The Board of SolGold (AIM code: SOLG) is pleased to provide the following exploration update for the Company's Cascabel copper-gold porphyry project in Ecuador.

Hole 19 intersects over 800m of significant copper mineralisation from 325.6m to current depth 1161.5m, including a more intensely mineralised section from 545.9m.
Bornite (or 'peacock ore', a copper rich sulphide mineral containing 63% copper, prized in commercial copper concentrates) and molybdenite are present in the mineralised section of hole 19. Up to 2.0% bornite and 4.3% chalcopyrite (35% copper) has been visually logged over selected short intervals.

Wednesday, May 24, 2017

Five Star Diamonds Limited - STAR.v

Five Star Diamonds Limited - STAR.v controls a dominant position in the Brazilian diamond sector with 100% ownership of 23 project groupings across 72 licenses and applications covering a total area of 123,667 hectares.

On June 17, 2017 the company released NEWS

Five Star Diamonds Limited (TSXV: STAR) (the “Company” or “Five Star Diamonds”) is very pleased to provide the following update on its 100% owned Verissimo Diamond Project (the “ Verissimo Project” or “the Project”) in Goias State, Brazil.