Orlando, FL -- (SBWIRE) -- 08/29/2013 -- Hot Stock Profits provides investors and traders with valuable trading tools and content as well as micro-cap stock alerts via eMail and text messages. To Join Our Text Message Alerts Service Just Text The Word Stocks To 555888 From Your Cell Phone. Our Focus Today Is On Golden Star Resources Ltd. (USA) (NYSEAMEX:GSS), Prospect Global Resources Inc(NASDAQ:PGRX).
Golden Star Resources Ltd. (USA) (NYSEAMEX:GSS) shares decreased 7.90% to $0.580. The company on August 12 reported its financial results for the second quarter ended June 30, 2013. Net loss attributable to Golden Star shareholders in the second quarter of 2013 was $128.8 million, compared with a net income of $0.04 million for the same period of 2012. The adjusted net loss attributable to Golden Star shareholders2 for the second quarter of 2013 was $19.8 million compared with adjusted net income of $8.2 million for the same period of 2012.
Additionally, the company, on July 30, announced that it has closed a US$50 million secured Medium Term Loan Facility ("Loan") with Ecobank Ghana Limited ("Ecobank"), a pan-African full service bank, who acted as sole lender and arranger to the Company. The use of proceeds is to finance Wassa, inclusive of pre-feasibility studies, drilling operations, settlement, partial relocation and other capital expenditures. Also, the Company has drawn down US$10 million for cash management purposes.
Are investors worried about the recent updates with GSS? Find out with a free trend analysis HERE
Prospect Global Resources Inc(NASDAQ:PGRX) shares declined 6.01% to $0.0610. Juan E. Monteverde, a partner at Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, on August 7 said it is investigating the Board of Directors of Prospect Global Resources, Inc. ("Prospect Global Resources" or the "Company") (nasdaqcm:PGRX) for potential breaches of fiduciary duties in connection with their conduct in seeking shareholders' approval for an amendment to the Company's Director and Consultant Equity Plan.
Additionally, the company on August 7 announce the commencement of the Company's previous announced drilling program. The company is targeting 16 to 17 holes to be drilled in the campaign. The drilling is primarily infill drilling and the holes have been selected to maximize the potential conversion of inferred resources to measured and indicated resources.
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