Fundamental Research Reinitiates Coverage on West Mountain Capital (TSXV:WMT) - Video Summary Posted on InvestmentPitch.com
(Thomson Reuters ONE) -
Vancouver, British Columbia, May 13, 2012 - Fundamental Research has reinitiated
coverage on West Mountain Capital (TSXV:WMT). Analyst Siddarth Rajeev gives the
company a speculative buy rating and a fair value price of $0.45, a premium of
87% over the $0.25 price the day the report was issued.
InvestmentPitch.com has produced a "video news alert" based on this report. If
this link is not enabled, please visit www.InvestmentPitch.com and enter "West
Mountain" in the search box.
West Mountain Capital, through its wholly owned subsidiary, Phase Separation
Solutions, is in the business of thermal treatment of soil, sludge, and other
waste streams.
The company has exclusive rights from Schlumberger to use the patented Thermal
Phase Separation technology in China, Canada and the United States. The
technology, originally developed in Canada for the commercial treatment of PCB
impacted soils, consistently produces a safe, clean soil that is ideally suited
for use as fill material.
The extracted contaminants can then be safely destroyed using proven chemical
dechlorination technology or managed by a high temperature thermal treatment
facility. In many cases where the contaminants are non-hazardous and valuable
they can be recovered for recycling and even sale.
The company has entered into a number of agreements that have positioned it for
growth in China in the areas of contaminated soil treatment and the recovery of
oil from oily sludge waste. The company started generating its first revenues in
China through a soil treatment contract, with revenues estimated at $1.75
million for West Mountain Capital in 2013. According to Fundamental Research,
China is one of the fastest growing soil treatment markets.
The company is trading at $0.26 and with 37.9 million shares outstanding, is
capitalized at $9.9 million.
For more information, please visit the company's website at
www.phaseparation.com, or contact Steve Clarke, VP Business Development at
778-985-5256 or email sclarke(at)phaseparation.com..
You can also obtain a copy of the Fundamental research report at
www.researchfrc.com.
InvestmentPitch.com is a multimedia company that provides a combined solution
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multiple platforms to investors and financial professionals. InvestmentPitch.com
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reports.
CONTACT:
InvestmentPitch.com
Barry Morgan, CFO
604-684-5524
bmorgan(at)investmentpitch.com
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Source: InvestmentPitch via Thomson Reuters ONE
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Datum: 13.05.2013 - 16:56 Uhr
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News-ID 259288
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