DSCR major news catalyst just out could spark a rally
PennyStockGeneral Newsletter
Discovery Minerals Ltd (DSCR)
Morning again, Sorry for another email this morning, but this breaking news on DSCR just hit the wires . DSCR has announced their JV project, involving the cultivation of Industrial Hemp, is expected to be processed by Health Canada this week. Check it out… Discovery Joint Venture Prepares for Upcoming Industrial Hemp License
MARINA DEL REY, Calif., June 11, 2014 /PRNewswire/ – Discovery Minerals LTD. (OTC PINK: DSCR) ( DSCR ) is pleased to announce that the joint venture project, AB AGRO TECHNOLOGIES INC. (Herein "AB AGRO"), has been advised by Health Canada that all of the necessary application requirements have been met and that its application for a license (application number A0068) to cultivate Industrial Hemp is expected to be processed this week.
In light of this news, AB AGRO has secured a supply of pedigreed Hemp seed from an accredited Health Canada seed provider in the Province of Manitoba. The CRS-1 cultivar, or variety, has been chosen for the inaugural growing season. AB AGRO has been advised by the Company`s agricultural consultants that the 160 acres being licensed will require a seeding rate of 23 lbs per acre for a total of approximately 3,700 lbs of Hemp seed. The typical seeding rate can commonly range from 20-40 lbs per acre depending on a wide array of variables.
The CRS-1 variety was chosen specifically for its high yielding, early maturity and medium height properties along with its exemption from mandatory THC testing analysis in the Province of Alberta. AB AGRO believes that these particular attributes will provide an abundant amount of harvested grain (seed for consumption), fiber and straw. The fiber and straw will be used as the cellulose bio-mass supply for the forthcoming ethanol fermentation pilot project with Syngar Technologies Inc.
Currently, Discovery and the new CPA firm are diligently completing the most recent quarterly financial statements and anticipate them to be filed shortly. The delay has predominantly been attributed to the preparation for the upcoming audit and the transition in CPA firms. In the Company`s opinion, the additional time taken should ultimately reduce the time and costs involved in the auditing process.
Read the full release at http://finance.yahoo.com/news/discovery-joint-venture-prepares-upcoming-124500271.html
We expect this news could be a catalyst to kick start DSCR today, so make sure you are watching at the bell. The Team PennyStockGeneral.com >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> Traders ,
Today is the day I get back on the horse and prove to you why I have a long history of alerting solid winners .
Today, I think Discovery Minerals Ltd (DSCR) could bring us some solid gains.
The chart on DSCR gets me really excited . Lengthy sideways consolidation and accumulation, and what looks to be established support at $0.0016 – $0.0017 Its 200 day moving average could be acting as support, while its 50 day moving average of $0.0026 could be a magnet to reach. If so, we are looking at a 40%+ gain .
DSCR is another very small market cap company, giving us an excellent opportunity for a move higher off this consolidation. DSCR also has a history of some huge moves -> 75% – 200% gains over 2 – 3 days seem to be a common occurrence. Just check out this chart below and see for yourself. You can see the massive run higher DSCR had in Feb/March, but also note the strong 2-3 day gains it has had in April and May. And now DSCR has pulled back 70%+ from its recent highs, the risk/rewards are now in our favor . DSCR operates in two distinct industries with a new and concerted focus on its Hemp business.
Discovery Hemp
Discovery`s decision to devote a considerable portion of corporate focus and capital towards an Industrial Hemp channel was formed through identifying, leveraging and developing existing contacts and market opportunities for hemp related products in Canada and the USA. The Company has begun implementing its vertically integrated farming, processing and sustainable usage of industrial hemp through a cooperative effort which enables all parties throughout the process to prosper and achieve their independent and collective goals.
Source: HempEthics
Paramount to the Company`s sustainability model is that revenue is generated through the processing of all parts provided from the hemp plant: the seed, the bast or fibers, and the hurd or woody core. The application and eventual granting of a license to grow and process Industrial Hemp with an independent network of growers as well as servicing the processing needs of existing licensed growers in Canada fulfills this sustainability concept.
The Company will continue to source and ultimately execute cooperative agreements with like minded farmers that would guarantee the harvest supply through in-house processing capability. Discovery looks to position itself with access to existing and emerging product distribution points within the processed hemp material industry.
End user products will include hemp oil and high protein cake derived from seed (grain); processed fiber for use in industrial, construction and building materials and; scalable ethanol production derived from the remaining or unusable hemp biomass through the harvesting or processing. This excess ethanol can be sold for profit thus reducing grower`s net input costs.
Source: HempEthics
Discovery is assembling a team of acknowledged experts and advocates capable of facilitating a turn-key model for farmers/growers. This model will allow farmers and growers to seamlessly tap into the required knowledge base needed to transition their existing resources into Hemp cultivation. Some requirements Farmers need to understand encompass: 1) how to choose the best strain of seed to grow in their geographic location based upon their desired harvest, 2) how to best harvest the crop, 3) irrigation issues, 4) expected outcomes, and 5) profit potential, to name a few.
Discovery Minerals
Discovery Minerals is a production stage company formed to acquire and develop natural resource properties. Activities include gold, precious metals and minerals, including rare Earth minerals production and sales. The company has initiated a new program to consider undervalued assets and clean tech and alternate energy investments, for potential addition to its portfolio. These are exciting times for DSCR. Just check out the recent news the company has released…
Discovery Minerals (DSCR) Undervalued and Nearing Its SqueezeTrigger Price According to WealthMakers.com Report PR Newswire (Tue 27 May) Discovery Joint Venture Submits Industrial Hemp License Application PR Newswire (Fri 23 May) Discovery Provides Shareholder Update PR Newswire (Wed 14 May) Discovery`s Joint Venture Partner Featured in Ethanol Producer Online Magazine PR Newswire (Thu 8 May) Discovery Minerals Engages In Joint Venture Discussions with Florida Dispensary Candidate PR Newswire (Tue 6 May) Hemp As A Bio-Fuel Is One Step Closer To Reality PR Newswire (Fri 2 May) Discovery Provides Supplemental Bio-Fuel Information PR Newswire (Wed 30 Apr) Discovery`s Bio-Fuel Joint Venture Acquires Exclusive License PR Newswire (Tue 29 Apr) Discovery Minerals Provides Shareholder Update on Hemp Growing Marketwired (Sat 26 Apr) We think DSCR could be an excellent trade opportunity, starting today. With rock solid chart and plenty of positive recent news flow to keep investors interested, DSCR could see much greater levels in the coming days. As always, do your research now and be ready at the opening bell.
The Team PennyStockGeneral.com
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