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Forward-Looking Statements: This article may include certain "forward-looking information" within the meaning of Canadian securities legislation. Forward-looking statements include predictions, projections and forecasts and are often, but not always, identified by the use of words such as "seek", "anticipate", "believe", "plan", "estimate", "forecast", "expect", "potential", "project", "target", "schedule", budget" and "intend" and statements that an event or result "may", "will", "should", "could" or "might" occur or be achieved and other similar expressions and includes the negatives thereof. All statements other than statements of historical fact included in this release, including, without limitation, statements regarding the potential of the Company's properties are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements are based on a number of material factors and assumptions. Important factors that could cause actual results to differ materially from Company's expectations include actual exploration results, changes in project parameters as plans continue to be refined, future metal prices, availability of capital and financing on acceptable terms, general economic, market or business conditions, uninsured risks, regulatory changes, delays or inability to receive required approvals, and other exploration or other risks detailed herein and from time to time in the filings made by the Company with securities regulators. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ from those described in forward-looking statements, there may be other factors that cause such actions, events or results to differ materially from those anticipated. There can be no assurance that forward-looking statements will prove to be accurate and accordingly readers are cautioned not to place undue reliance on forward-looking statements which speak only as of the date of this article. The Company disclaims any intention or obligation, except to the extent required by law, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Always do your own due diligence. We seek safe harbor.
This week saw the continuation of M&A activity in the junior mining/exploration space with two proposed deals announced during the week (see Page 14), following 15 other similar transactions involving gold juniors over the last 12 months. Many consider such M&A activity a leading indicator for positive sentiment in the mining sector; studies certainly do indicate a clear increase in terms of total transaction volume over the last couple of years (see page 3). Regardless of whether this does signify a turnaround in market sentiment, increased attention in junior mining stocks could garner positive investor sentiment leading to increased liquidity for a cash-strapped junior market. A review of commodities for the week saw precious metals, and gold in particular, down for the week, with gold (â2%), silver (â3.5%), platinum (â4.3%) and palladium (â2%) finishing at $1,178, $15.72, $1,123 and $771 per ounce respectively. In contrast, all the major base metals were up (nickel (á5%), zinc (á1.7%) and lead (á1.6%)), while copper was down (â0.63%), finishing at $2.74 per pound. Iron ore (62% fines) was up slightly (á0.3%), continuing its positive run from last week. Finally, news that the Kagoshima court rejected a residents’ injunction seeking to prevent reactors 1 and 2 at the Sendai nuclear power plant from restarting did little to move the price of uranium, with the UxC BAP of uranium finishing the week down 1.2% at $38.43 per pound.
