Mark Twain said history doesn’t repeat itself but it rhymes. We often see that in the capital markets. The big decline in Gold this year is reminiscent of that of 1975-1976. Yet, aside from that there are several other similarities between today and 1976. Gold, gold stocks, the stock market and commodities appear to be in a… Continue Reading

Lukas Lundin’s Africa Oil (AOI:TSXV) announced a $450 million brokered private placement.  The company is issuing 56.5 million shares at $8.25 per share and will be placed on a best efforts basis through Citigroup, Dundee and Pareto Securities.  The company claims to have good support for this financing with its existing shareholders as well as… Continue Reading

This morning, Robert Friedland’s Ivanhoe Mines (IVN:TSX) announced a monster hole at their Flatreef platinum project in South Africa.  In hole TMT006, IVN intersected 90.64m of 4.51g/t 4PGE (platinum, palladium, rhodium and gold) 0.37% nickel and 0.20% copper.  Within the 90.64m interval included 40.79m of 6.88g/t 4PGE. “This is an extraordinary drill hole,” said Robert… Continue Reading

Lundin Group company, ShaMaran Petroleum (SNM:TSX), received good news on the development of its Atrush block located in the Kurdistan region of Iraq.  The company and its partners received approval from the Kurdistan regional government for the first phase of development there.  This approval allows for a 25-year development license which allows SNM, TAQA and… Continue Reading

THE CALANDRA REPORT: Subscribe Concordia Resource Corp. – one of Canada’s most puzzling metals equities – is gaining a DRC Congo nickel, copper and cobalt property and another, copper and gold, in Australia. Concordia (CCN in Canada) explains that pending shareholder approval it also shall distribute shares of a new Argentina-focused explorer to shareholders. That’s… Continue Reading

What did you do this weekend? It’s a common enough Monday morning question. It usually involves recounting your adventures or answering with few monosyllabic words followed by a hollow, apathetic shrug. Then you ask the same, and get the same response. Meh all ‘round. It’s a very superficial conversation, if it can be even called… Continue Reading

“Most great discoveries have to climb a wall of worry and disbelief,” says a geologist who has worked with the Ivanhoe group in Mongolia, R. Edward Flood. “Especially when it comes to Robert Friedland — because all the seasoned investors who follow this sector cannot allow themselves to believe he has done it again.”

The Lundin Group’s Africa Oil (AOI:TSXV) announced this morning that it has discovered oil on its Block 13T in Kenya, which indicate a potential pay zone of 60-100m.  This further derisks and represents the fourth consecutive significant oil find in the East African Rift Basin.  The company holds a 50% working interest with operator Tullow… Continue Reading

The “dominant fundamental” for the gold market during the past few years has clearly been the ‘illusion of central banking.’ Allow me to explain a bit. First there was the illusion that Fed easing would stoke enormous inflation. This proved to be false as the pernicious deleveraging cycle brought about by the global financial crisis… Continue Reading

Lucara Diamond Corp. has announced the recovery of a 257 carat diamond from its Karowe Mine in Botswana. Read the press release: Lucara Recovers Exceptional 257 Carat Diamond “Revenues generated from the sale of these diamonds will be used to reduce debt and strengthen Lucara’s balance sheet,” Lucara CEO William Lamb commented. Here’s the 12… Continue Reading

This morning Keith Hill’s Africa Oil (TSXV:AOI), which is developing oil discoveries in the East African Rift Basin System, said that the company suffered no injury during the weekend’s mall attack in Nairobi. We join Africa Oil in extending our prayers to those who remain affected by the tragedy. Read: Africa Oil Reports on Security Situation in Kenya… Continue Reading

Ivanhoe Mines (IVN:TSX) intends to raise up to $108 million for the development of its Kamoa copper discovery and Kipushi copper-zinc project, both located in the Democratic Republic of Congo’s Katanga province.  The raise is comprised of 50 million Class A common shares at a price of $2.00 per share.  Billionaire founder and Chairman, Robert… Continue Reading

NOT COLARADO — Better than gold? Maybe. The Precious Metals Summit webcast is in gear. This is the Colorado conference that precedes the Denver Gold Group gathering, a larger-company show that starts Sunday evening. The video quality at Precious Metals Summit is good, and the display for about 60-plus companies is indexed accordingly by time slot… Continue Reading

Yesterday Stockwatch reported that well known Canadian financier Frank Giustra was rolling back his public shells. These are the vehicles he has historically used to launch new natural resources ventures. Frank Giustra’s Royce Resources Corp. (ROY), last at 1.5 cents, will ask shareholders at its AGM on Oct. 17, 2013, to approve a 1:10 rollback. The shell… Continue Reading

THE CALANDRA REPORT: Subscribe $91 yearly ELKO, Nevada — Last week, in a presentation panel in Toronto, I told an audience of 200 that Gold Standard Ventures’ (GSV in Canada and USA) Dave Mathewson and another Nevada stalwart, geologist Roger Steininger at NuLegacy Gold (NUG in Canada), were of a type: good old Nevada boys… Continue Reading