Luck has always played a role in the natural resource exploration business. Tiny companies toil away and turn over multiple projects in the hopes of finding something with real value. Sometimes non-core projects deliver pleasant surprises to investors in these high risk endeavours. Robert Friedland’s Diamond Fields International was looking for diamonds on the sea… Continue Reading
This morning two Canadian-based Colombian-focused oil and gas juniors announced intentions to combine their growing businesses. Petroamerica Oil Corp is acquiring Suroco Energy in an all shares transaction representing a 66.6% premium over Suroco’s 10-day volume weighted average trading price. Read: Petroamerica Signs Agreement with Suroco Energy Inc. to Acquire all of Suroco’s Issued and Outstanding… Continue Reading
“OH, HOW BLESSED YOUNG MEN ARE WHO HAVE TO STRUGGLE FOR A FOUNDATION AND BEGINNING IN LIFE.” John D. Rockefeller “HE SAYS THE BEST WAY OUT IS THROUGH AND I AGREE TO THAT, OR IN SO FAR AS I CAN SEE NO WAY OUT BUT THROUGH.” Robert Frost “WHAT STANDS IN THE WAY BECOMES THE WAY.” Marcus Aurelius Source
President Clinton and Frank Giustra’s Clinton Giustra Enterprise Partnership has been named to Inc. Magazine’s 25 Companies That Are Changing the World list. According to the story, CGE has built six enterprises in just over a year with another six on the way. 20,000 jobs have already been created, more than 16,000 people have been… Continue Reading
Canada’s newest diamond exploration company, Margaret Lake Diamonds Inc. commenced trading this morning on the TSX-Venture Exchange under the symbol DIA. Mining engineer, analyst and investor Paul Brockington, 71, is CEO of the new company, which holds an option to earn up to 70 percent of the Margaret Lake Diamond property, adjacent to Kennady Diamonds… Continue Reading
Original Franco-Nevada founder and billionaire Canadian financier Seymour Schulich revealed a new 11 million share long position in embattled miner Barrick Gold yesterday, worth roughly $211,200,000 at today’s prices. Mr. Schulich also said he considers a Barrick Newmont merger “constructive,” noting that it would create a “very large” Canadian company. Mr. Schulich is bullish on gold… Continue Reading
Ivanhoe Mines’ Kipushi project in the D.R. Congo was one of the world’s richest copper, zinc, germanium and precious metals mines from 1924 until political instability in the Congo forced the mine’s closure in 1993. Kipushi’s current 68% owner, Robert Friedland’s Ivanhoe Mines, believes the mine was not fully exhausted despite 68 years of operations.… Continue Reading
Long suffering investors in Rob McLeod’s Revolution Resources will get another kick at the can, and we think it’s a pretty darn good one. The company announced today that they are acquiring the high grade, low cost Red Mountain gold deposit near Stewart, BC, Mr. McLeod’s home town. Revolution also intends to raise $5.03 million… Continue Reading
Depending on how you look at it, the copper business will either be a great place – or a scary place to be in the coming years. This from octogenarian Dave Lowell, arguably the most successful mineral explorationist in history, with the discovery of eighteen ore bodies credited to him, including Escondida, the world’s largest… 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
Athabasca Basin uranium explorer, NexGen Energy (TSXV:NXE), has drilled their best hole to date at the Arrow Discovery on the Rook 1 project, intercepting a combined 47.2 meters of radioactive mineralization, including 8.3 meters of “off scale” (greater than 10,000 cps), downhole gamma probe results indicate. Hole RK-14-30 was targeting the interpreted gravity low anomaly at… Continue Reading
I don’t know if VICE Media Inc. is really worth the billions founder Shane Smith says it is, but I do know that he’s a great salesman. Smith believes the youth media company he founded in Montreal in 1994 will haul US $1 billion in revenue this year with 50% profit margins, telling Bloomberg VICE could… Continue Reading
Robert Friedland’s Ivanhoe Mines (TSX:IVN) announced 2013 year end results and a review of operations this morning in a detailed news release. So far the market is taking the $484.29 million loss in stride as shares in the company are up 1.1% at press time, last at $1.78. Ivanhoe’s estimated net cash at year end… Continue Reading
The Guy Who Gets Killed Is Often The Guy Who Gets Nervous…. WWII: Europe: France; “Into the Jaws of Death — U.S. Troops wading through water and Nazi gunfire”, circa 1944-06-06. Source: Wikimedia Commons, a great place to find rights free images, BTW. “The guy who gets killed is often the guy who got nervous. The guy… Continue Reading
Ivanhoe Mines published a positive Preliminary Economic Assessment (PEA) for the Platreef project in the Northern Limb of the Bushveld Complex in the South African province of Limpopo. The Platreef mine is projected to be the lowest cost producer of platinum-group metals in Africa, home to over 70% of the world’s production. Key features of the… Continue Reading
