Good Evening Fellow Traders,
Last week we got into a thin thin thin float in the same price range as my new pick REVI. Do you remember what it did? More than 70Pct on the day with volume so plenty we were able to get in and out of this trade several times. Well REVI is just another one of those – but BETTER.
I follow small caps very closely while maintaining a thumb on the bigger board stocks to always know the pulse. Well one thing that often happens in big board stocks and almost never in small caps is news from the company about dividends.
It is rare to see this and whenever I see it, I know the company is serious about its progress BUT MOSTLY about providing added-value to its shareholders and investors.
Read The Press Release Here: http://finance.yahoo.com/news/ventures-inc-announces-may-14-120000181.html
Now let’s take a look at the chart, I am building another one to send you later but the focus I want you to achieve right now is with regards to the recent rallies. Today REVI saw some good movement and reached 0.03 up more than 70Pct before settling. I believe this is showing us exactly what we need.
· REVI has a RSI of 47.70, a veritable sweet spot and a sure sign that even with recent gains, there is still massive gains left to be unlocked.
· REVI is showing a positive uptrend and market valuation is moving from its mid-support levels
· REVI is trading 8.33% above its SMA20 of 0.0180. This is another sign that it is moving up on account of investor bullishness
As REVI has shown today it is currently breaking out of its recent range and we could see it rally to the 0.04 range and upwards. The volume that started coming in today and will continue and increase as the recent news propagates, will further feed this momentum.
REVI’s float is below $2M (actually below $1.7M to be more accurate). It also trades in a range that has been nothing but good to us.
Let me tell you more about REVI now:
REVI is emerging as one of the top electrical power producing companies and just recently proved its mettle by securing a renewable energy photovoltaic project in California. REVI recently announced the award of PPA contract for a renewable energy photovoltaic located in California.
REVI’s technical data is positive; lots of positive news is floating about the company and investors are bullish all round.
REVI (Resource Ventures Inc.) is an emerging Global Independent Electrical Power Production Company using traditional generating disciplines and operating in underserved areas requiring Distributed Generation.
REVI has a strategic plan which includes the development of grid connected; in situ generating stations backed by Investment Grade Credit on the buy side, long-term Power Purchase Agreements on the sell side and solid in-country support from Government Agencies and Banking Authorities.
REVI is seeking inve stments and acquisitions in the oil and gas sectors, as well as, renewable power. The company's California based wholly owned subsidiary provides printing services and a multitude of other graphic services and solutions.
REVI has a strategic vision which anticipates the utilization if both modern and traditional power generation technologies in combination with diverse energy sources, including oil and natural gas as well as renewable energy sources such as biomass, bio-diesel, wind power and photovoltaic systems.
Industry
REVI and other companies in its sector of regulated electric utilities will look to state or federal regulators to approve rate increases so they can recover operating and capital investment costs. In response to lower sales volumes, higher costs and requirements for increased energy efficiency programs, utilities are filing a greater number of rate increase requests.
With the inevitable regulatory lag and consumer response, public utilities and their regulators are adopting regulatory practices to supplement the traditional cost of service (COS) approach. These include mechanisms such as multiyear rate and revenue caps, expanded use of cost trackers and inclusion of construction work in progress in rate base, among others.
The rise in population has led to an increasing demand for essential utility supplies. Here utility companies step in with their ability to generate essential supplies in large volumes and cater steadily to the needs of their customers. The utility companies generally are comprised of electric, gas, water and integrated service providers.
The increasing demand for utility services, particularly for electricity, leads to the installation of large generation units. The power generators, in the wake of more stringent environmental regulations and restrictions, are gradually shifting their focus to renewable sources and natural gas to produce power. This is a welcome sign for the industry and a positive step towards reducing the emission of greenhouse gases.
State regulators have introduced policies to promote more renewable energy supplies, provide higher reliability levels and introduce greater energy efficiency. This has resulted in some regulatory approvals for smart grid technologies, distribution system upgrades, demand-side management programs, feed-in tariffs for renewable energy and dynamic pricing and net metering.
REVI is also set to benefit from international expansion and the company recently signed a Letter of Intent ("LOI") with a renewable energy producer in the Czech Republic for the purchase of solar power production facilities.
Central and Southern Slovakia are located in the upper Mediterranean Climate Zone and have a Horizontal Irradiance factor of up to 1300 KWh/m2, similar to central and southern France and over 80% as much solar power availability as in Tuscany, Italy. About 2.7% of Slovakia's installed power capacity is supplied by renewable energy, placing it in the top 25% of the world's nations in that regard.
Recent Developments
Two important recent developments for REVI are worthy of note:
#1: REVI President Bob Thompson announces that Global Energy Management Ltd. (GEM) A wholly owned subsidiary of Resource Ventures Inc. (REVI) and Next Space Solutions LLC has just been awarded a Renewable Energy Photovoltaic project in California.
President and CEO Jamison Slough of Next Space Solutions LLC. (NSS) said he is excited about the opportunity to work with Global Energy Management team. He stated that this new PPA contract will set the foundation for a long term agreement with GEM. This contract will set in motion the first step in the development of a series of additional photovoltaic and other renewable energy projects. He stated we will be issuing target dates and timelines for this project in the very near future, as information becomes available.
Commented President Bob Thompson is very excited about the award of the first PPA with NSS. And looks forward to this exciting opportunity to with Mr. Jamison Slough and his team.
There you have it, REVI in a nutshell. Read the charts, expect my second report shortly. Until then, start your research and get ready.
If you have any questions, ask away and email me.
Sincerely,
Thomas Greene
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