Via Energy and Gold.com: Some market commentators like to post bold headlines that make outrageous claims such as “Stock Set to Double in 3 Months” etc. While I do expect the junior resource sector to trade at multiples of current levels over the coming years, I prefer to deal in the reality of the next… Continue Reading
From Wikipedia on the so called January effect: “The most common theory explaining this phenomenon is that individual investors, who are income tax-sensitive and who disproportionately hold small stocks, sell stocks for tax reasons at year end (such as to claim a capital loss) and reinvest after the first of the year.” In the modern… Continue Reading
The past month has seen relentless selling on the TSX Venture exchange home to many early stage resource companies. The main reason has been a drop in commodity prices across the board especially oil and gold resulting from a strengthening US dollar. The US markets continue to trade near record highs as the economy recovers… Continue Reading
Investors may be staring at an unusually attractive buying opportunity in the TSX-Venture Composite: Click to enlarge The TSX-V has pulled back to an area of confluence (lower Bollinger band, trendline support, 200-day simple moving average) just as the junior resource sector enters its most bullish time of the year. Investors might not want to wait… Continue Reading
Peter Koven of the Financial Post has a missive out this Saturday morning on Canada’s embattled junior resource sector. He speaks to Terry Ortslan, Stan Bharti, John Kaiser and others about why the sector is in trouble, and possible events that could trigger a turnaround. “History suggests that a quick drop in global metal inventories,… Continue Reading
The energy sector is deeply out of favour, as the above chart from Frank Holmes, CEO and CIO of US Global Investors, illustrates. Calgary’s junior oil patch, considered the petrie dish of the entire energy industry, is among the hardest hit, now in the third year of its downturn. There are several factors at play… Continue Reading
Gold has bounced off the $1180 level twice in the last year, most recently in late December. Since then, it’s had a fantastic run and, at the time of writing, was trading at $1380. That’s nearly a 17% gain in less than 3 months. Nickel’s up nearly 20% off its 52-week low of $5.97 with… Continue Reading
In an exclusive interview to CEO.CA, LX-Ventures (LXV) CEO Mike Edwards asks investors for patience and defends his company’s execution in light of its recent 60% share price fall. Edwards says LXV has no plans for future acquisitions or financings until a “business model validating event’ occurs whereby one of LXV’s portfolio companies is sold… Continue Reading
Elephant hunting for huge international oil plays usually means going into (very) politically risky areas. That’s what makes junior Petromanas (PMI-TSXv) stand out from the crowd. They’re chasing a potential 500-800 million barrel target in Europe—Albania to be exact. Lots of energy investors are familiar with Bankers Petroleum and their heavy oil play there—it’s the… Continue Reading
NexGen Energy (TSXV:NXE) announced a potential uranium discovery in the SW Athabasca Basin region of Northern Saskatchewan yesterday. Visible uranium was seen in the first hole drilled into the Arrow target at the Western side of NexGen’s Rook 1 project, which caused shares in the junior explorer to rise over 90% Wednesday. “There’s an element of luck,”… Continue Reading
What a difference a new year makes! It wasn’t long ago that despondency and gloom permeated the junior resource sector. Now, just 7 weeks later there is optimism in the air and the animal spirits are beginning to awaken ever so slowly. Today the TSX Venture Composite closed above 1000 for the first time since… Continue Reading
Recently, we had the pleasure of sitting down with two of exploration geology’s brightest young stars; Dr. Alan Wainwright and Daniel MacNeil. Dr. Wainwright (Chief Geologist) and Mr. MacNeil (Project Acquisition and Development) allowed us to visit them in the humble Vancouver offices of their current venture, Desert Star Resources (DSR:TSXV). Mr. MacNeil has over… Continue Reading
Simon Ridgeway’s Cordoba Minerals (CDB:TSXV) has begun its 2014 exploration efforts with the mobilization of a RAB (rotary air blasted) rig to begin drilling their Montiel prospect on the San Matias project in Cordoba, Colombia. The company recently closed a $15 million (expanded from $12 million) financing to consolidate the San Matias project as well… Continue Reading
After announcing a victorious proxy vote in late January which saw a dissident group of shareholders led by FrontFour Capital lose in their battle to take control of Renegade Petroleum (RPL:TSXV), the company has now decided to merge with Alexander Energy (ALX:TSXV). Renegade drew the attention of the activist shareholder after management announced plans to… Continue Reading
Orvana Minerals (ORV:TSX) has found a buyer for their Copperwood project in Highland Copper (HI:TSXV). Orvana has been considering divesting the asset for sometime now in order to focus on its two producing assets and to strengthen its balance sheet. Orvana announced this morning they have signed a definitive agreement with Highland Copper which will… Continue Reading
