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SLAM Drills 117.6 Meter Zone at 0.54% Copper Equivalent Including New 17.1 Meter High Grade Zone at 1.1% Copper Equivalent in GW24-15
Thenewswire· 2025-02-12 16:35
Core Insights - SLAM Exploration Ltd. reported significant drilling results from the Goodwin copper nickel project, highlighting a 117.6 meter core interval grading 0.54% copper equivalent, including a high-grade zone of 17.1 meters grading 1.1% copper equivalent in hole GW24-15 [1][13] - The Logan, Farquharson, and Granges zones are identified as high-priority targets for the 2025 drilling campaign, with all zones open along strike and at depth [2][3] Drilling Results - The new high-grade zone in GW24-15 is the deepest intercept to date on the Logan zone, located 1,000 meters northwest of a previous high-grade intercept in the Farquharson zone [3] - The Logan zone shows increasing grades at depth, with significant intervals reported, including 2.00% copper equivalent over 64.9 meters in hole GW24-02 and 1.49% copper equivalent over 47.00 meters in hole GW24-03 [4][5][13] - The Farquharson zone has also shown increasing grades with depth, with core intervals ranging from 46 meters to 75 meters and grades from 0.75% to 1.26% copper equivalent [5][13] Project Expansion - The Goodwin project has been expanded to cover 11,450 hectares, extending 25 kilometers westward from the Bruce copper nickel occurrence, which was acquired in 2024 [10][13] - The project includes potential targets associated with gabbro intrusive bodies, indicating a promising mineralization environment [10][13] Upcoming Events - SLAM Exploration will participate in the PDAC Investors Exchange from March 2 to March 5, 2025, providing an opportunity to present the Goodwin Copper Nickel Project [11]
DENNY'S RESTAURANTS ARE OFFERING A FREE ORIGINAL GRAND SLAM® AND COFFEE FOR ALL FIRST RESPONDERS IN UNIFORM THAT DINE-IN AT 164 LOCATIONS IN THE GREATER LA, ORANGE COUNTY & INLAND EMPIRE AREAS
GlobeNewswire News Room· 2025-01-10 23:23
Group 1 - America's Diner is providing support by offering a free Original Grand Slam and hot coffee to first responders in uniform [1] - The initiative is aimed at firefighters, police officers, EMTs, National Guard, and others working on the frontlines during the Southern California fires [1] - The offer is valid at 164 local Denny's locations until January 19, 2025, contingent on local safety guidelines and curfews [2] Group 2 - Denny's expresses gratitude to frontline workers for their courage and dedication to the community [2] - The company is actively supporting those affected by the fires through this initiative [2]
Slam (SLAM) - 2024 Q3 - Quarterly Report
2024-11-19 21:19
Financial Performance - For the three months ended September 30, 2024, the company reported a net income of approximately $2.8 million, consisting of approximately $2.5 million in non-operating income and approximately $964,000 from cash held in the Trust Account[184]. - For the nine months ended September 30, 2024, the company had a net income of approximately $0.3 million, with approximately $1.0 million in non-operating income and approximately $2.8 million from cash held in the Trust Account[186]. - The company had a net income of approximately $5.6 million for the nine months ended September 30, 2023, compared to $0.3 million for the same period in 2024[187]. Financial Position - As of September 30, 2024, the company had approximately $34,000 in its operating bank account and a working capital deficit of approximately $4.7 million[189]. - The company issued an unsecured promissory note totaling up to $10,947,000 to the Sponsor, with $10,715,000 outstanding as of September 30, 2024[192]. - The company recognized the Backstop Agreement as a liability at its fair value, subject to remeasurement at each balance sheet date until exercised[199]. Operational Status - The company has not engaged in any operations or generated any revenues to date, with only organizational activities and preparations for the IPO since inception[183]. - The company incurred approximately $3.3 million in general and administrative expenses for the nine months ended September 30, 2024[186]. Future Outlook - The company has a scheduled liquidation date of December 25, 2024, if it does not complete its initial business combination by that date[195]. - The company expects to incur significant costs in pursuing its initial business combination, with no assurance of success in raising capital[182].
Denny's Honors Military Heroes with FREE Original Grand Slam® on Veterans Day
GlobeNewswire News Room· 2024-11-04 14:00
Core Points - Denny's is offering a complimentary Original Grand Slam® breakfast to active and retired military personnel on Veterans Day, November 11, 2024, from 5 a.m. to noon at participating locations [1] - The breakfast includes two buttermilk pancakes, two strips of applewood smoked bacon, two sausage links, and two eggs cooked to order, available for dine-in only [1] - Veterans and active-duty military must present a valid military ID or DD 214 to redeem the offer [1] Company Initiatives - Denny's emphasizes the importance of Veterans Day as a time for reflection and appreciation, with a commitment to honoring those who have served [2] - The company operates the Mobile Relief Diner, which provides hot meals to communities in need, aligning with its mission to support local communities [2] - Denny's has a long-standing commitment to community support through initiatives like the Denny's Hungry for Education™ scholarship program and fundraising efforts with No Kid Hungry [3] Company Overview - Denny's is a family dining restaurant brand based in Spartanburg, S.C., with over 70 years of history [3] - As of September 25, 2024, Denny's operates 1,525 restaurants, with 1,464 being franchised and licensed, and 61 company-operated [4] - The brand has a presence in various countries, including Canada, Mexico, and the United Kingdom, showcasing its extensive franchising model [4]
OTC Markets Group Welcomes Slam Corp. to OTCQX
GlobeNewswire News Room· 2024-09-19 11:00
Core Viewpoint - Slam Corp., a special purpose acquisition company led by Alex Rodriguez, has qualified to trade on the OTCQX Best Market, transitioning from NASDAQ to OTCQX for its Class A ordinary shares, units, and warrants [1][2]. Group 1: Company Overview - Slam Corp. is established by Alex Rodriguez and Himanshu Gulati, focusing on investment opportunities in companies with large addressable markets, significant revenue growth, defensible business models, and superior market share [4]. - The company previously traded its Class A ordinary shares, units, and redeemable warrants on NASDAQ before moving to OTCQX [1]. Group 2: Market Information - Trading on the OTCQX Market provides companies with efficient and cost-effective access to U.S. capital markets, with streamlined requirements aimed at reducing the complexity of being publicly traded [3]. - Companies must meet high financial standards, adhere to best practice corporate governance, and comply with applicable securities laws to qualify for OTCQX [3]. Group 3: OTC Markets Group Inc. - OTC Markets Group Inc. operates regulated markets for trading 12,000 U.S. and international securities, with a focus on data-driven disclosure standards [5]. - The company provides critical market infrastructure through its OTC Link Alternative Trading Systems, facilitating trading for broker-dealers [6].
Denny's Canada is serving up the perfect dish to help spread awareness and end food insecurity in Ontario
GlobeNewswire News Room· 2024-09-16 10:00
Group 1 - Denny's Canada is collaborating with Feed Ontario to support World Hunger Action Month, continuing their partnership to combat food poverty through various initiatives [1][2][5] - The fundraising initiative includes a special offer of a $4.99 Original Grand Slam available at multiple Denny's locations, with the event scheduled for September 18th [2][6] - Feed Ontario supplies over five million pounds of fresh food annually and aims to end food insecurity and poverty in Ontario through advocacy and support for local food banks [3][4] Group 2 - Denny's Canada has raised over $15,000 for Feed Ontario, which equates to over 30,000 meals for families facing hunger in the region [4][5] - The company emphasizes its commitment to community support and engagement, highlighting the importance of localized partnerships in making a meaningful impact [5][6] - Denny's operates 74 restaurants across Canada and is known for its high-quality food and guest satisfaction, contributing to its reputation as a beloved diner chain [7]
Why Dick's Could Be a Slam Dunk for Your Investment Portfolio
MarketBeat· 2024-09-04 15:12
Core Viewpoint - Dick's Sporting Goods is positioned to compete effectively with major retailers like Walmart and Target due to its focus on quality products, which appeals to discerning consumers [1][4]. Financial Performance - In Q2, Dick's reported net revenue of $3.47 billion, reflecting a year-over-year increase of 7.8% and a two-year stack growth of 11.5%, surpassing consensus estimates by over 100 basis points [4]. - Comparable store sales increased by 4.5%, driven by higher customer traffic and ticket sizes [4]. - Adjusted earnings reached $4.37, exceeding consensus by $0.51 or 1300 basis points, with net income up 48% [5]. Guidance and Future Outlook - The company has raised its expectations for comparable store sales growth, anticipating annual growth to exceed 6% in 2025, compared to 5% growth in fiscal 2023 [6]. - Despite a cautious outlook, the company has improved its earnings guidance for the second time this year, indicating a positive trend [4][6]. Capital Returns and Dividends - Dick's Sporting Goods has a dividend yield of 2.03%, with an annual dividend of $4.40 and a three-year dividend growth rate of 47.36% [7]. - The company maintains a strong cash flow, allowing for substantial capital returns, including share buybacks, which have contributed to a 4.5% decrease in the average quarterly share count [7]. Balance Sheet and Financial Health - The balance sheet shows a cash reduction offset by increased inventory and receivables, with total long-term obligations at 1.4 times equity and long-term debt at 0.5 times equity [8]. - Equity has increased by 11% year-to-date, indicating a solid financial position [8]. Market Reaction and Analyst Ratings - Following the Q2 results, Dick's share price experienced a slight decline but remained above critical support levels, with analysts maintaining a "Moderate Buy" rating and raising price targets throughout the year [9].
3 Sensational Warren Buffett Stocks That Make for Slam-Dunk Buys in September
The Motley Fool· 2024-09-03 09:06
Core Insights - The article highlights three undervalued stocks in Warren Buffett's $318 billion investment portfolio, suggesting they are strong buying opportunities for investors [1][3][4]. Company Summaries Amazon - Amazon is recognized for its e-commerce dominance but has significant revenue streams from its cloud services (AWS), advertising, and subscription services [5][6][7]. - AWS accounted for one-third of global cloud infrastructure spending in the June quarter, with expectations of continued double-digit growth [7]. - Amazon's advertising services benefit from over 3 billion monthly visitors, allowing for strong pricing power [8]. - The company has over 200 million Prime subscribers, enhancing its pricing power through exclusive content deals [9]. - Amazon shares are currently priced at less than 12 times forecast cash flow for 2025, representing a 47% discount to its five-year average [10]. Mastercard - Mastercard is a global payment processing leader, facing cyclical concerns similar to Amazon, but has a favorable long-term growth outlook [11][12]. - The company avoids lending, focusing on payment facilitation, which allows it to recover faster from economic downturns [13]. - Mastercard is expanding into underbanked emerging markets, with cross-border payment volume growing by 17% year-over-year [14]. - Shares of Mastercard are available at 29 times forward earnings, a 14% discount to its five-year average, with expected annual EPS growth of 17% through 2028 [15]. Sirius XM Holdings - Sirius XM is a satellite radio operator that relies on the auto market for subscriber growth, facing potential headwinds from declining auto sales [16][17]. - The company operates as a legally licensed monopoly, providing strong subscription pricing power compared to traditional radio [18]. - Sirius XM generates about 77% of its net sales from subscriptions, making it less vulnerable to economic downturns than ad-reliant competitors [19][20]. - The upcoming merger with Liberty Media's tracking stock will create a single class of shares, potentially attracting more institutional investors [21]. - Sirius XM's forward P/E ratio is around 10, close to a 30-year low, and offers a 3.2% yield, making it an attractive buy [22].
Wolverine and Rawlings Launch "Grand Slam", Limited-Edition 1000 Mile Boot
prnewswire.com· 2024-05-29 13:11
Core Insights - Wolverine and Rawlings have launched a limited-edition 1000 Mile Boot called the "Grand Slam," designed for baseball fans and inspired by the sport [2] - The boot features premium Horween leather and a custom Rawlings baseball bat layer in the heel, emphasizing quality craftsmanship [2][3] - This collaboration marks the fourth partnership between Wolverine and Rawlings, showcasing their mutual dedication to high-quality products [2][4] Company Overview: Wolverine - Wolverine is a 141-year-old company focused on crafting durable boots and clothing, dedicated to honoring the spirit of the American worker [3] - The company has contributed nearly $2 million over the last five years to support skilled trades through its Project Bootstrap initiative [3] - Wolverine is a division of Wolverine World Wide, Inc., which is publicly traded on the NYSE under the ticker WWW [3] Company Overview: Rawlings - Rawlings, established in 1887, is a leading global brand in premium baseball and softball equipment, known for its quality and craftsmanship [4] - The company is the official equipment provider for Major League Baseball and other sports leagues, highlighting its industry significance [4] - Rawlings is headquartered in St. Louis and continues to innovate in the sports equipment sector [4]
$10K Slam Dunks: 3 Stocks to Buy Without Hesitation
investorplace.com· 2024-05-29 00:02
Market Overview - The current market is characterized as a bull market, continuing to rise despite high inflation rates in 2022 and a series of 11 interest rate hikes [1][2] - The S&P 500 is nearing an all-time high, and if inflation eases enough for the Federal Reserve to cut rates, the stock market could see further gains [2] Investment Opportunities - It is suggested that now is an opportune time to invest in the stock market, particularly for those with available capital [3] Company Analysis: Pinterest (PINS) - Pinterest has shown resilience, with its stock up 12% in 2024 and trading 70% higher than a year ago [5] - The platform is favored by advertisers due to its ability to target users who express specific interests, leading to a 23% year-over-year sales increase, marking its fastest growth since 2021 [6] - Pinterest now boasts 518 million monthly active users, a 12% increase from the previous year, making it an attractive option for ad agencies in a challenging economy [6] Company Analysis: SoFi Technologies (SOFI) - SoFi has diversified beyond student loan services to include personal loans, credit cards, and home mortgages, although it has faced a 30% decline in stock price this year [9][10] - The company is focusing on a conservative approach to its balance sheet, with deposits now making up 82% of its funding structure, which has improved its net interest margin to 5.91% [11] - Targeting young, high-income individuals, SoFi remains the only full-service digital financial model, presenting significant growth potential despite current market challenges [12] Company Analysis: Exxon Mobil (XOM) - Exxon Mobil has recently acquired Pioneer Natural Resources, enhancing its position in the oil-rich Permian Basin with over 1.4 million net acres and an estimated 16 billion barrels of oil equivalent [14][15] - The company's production volume is set to more than double to 1.3 million barrels of oil equivalent per day, positioning it ahead of competitors like Chevron and Occidental Petroleum [15] - Exxon's relatively low-cost operations and strong dividend yield of 3.3% make it a solid choice for long-term growth and income, even in a fluctuating oil price environment [16][17]