Travis and I went to the Lighthouse Labs graduation/Demo Day in Vancouver last night and we are so glad we did. The event was an inspiring chance to meet some up-and-coming web development talent, and see what they’re working on and learn about what matters to them. Web development is an in-demand job, as more… Continue Reading
After pre-marketing their latest venture, Denham Capital, which is one of the largest resource-focused private equity firms, announced the formation of Auctus Minerals, to focus on acquiring underperforming operations across Australia and applying operating efficiencies to them in order to turn a profit. The venture is being funded with US $130 million (initially) from Denham and will… Continue Reading
The Sunday Times of London reported overnight that Mick Davis’ X2 Resources has made a bid for some of Anglo American’s Chilean copper mines, their Brazilian nickel assets, and some of their coal operations. If successful, this would represent Davis’ first acquisition since he left as head of Xstrata after the merger with Glencore in 2013, and could… Continue Reading
Dilution is the single greatest enemy to junior mining investors. Pre-revenue stage juniors are always coming back to the market for more cash while they explore for and develop new mines, and if the share price hasn’t gone up, these financings can be dramatically dilutive to current shareholders’ positions. A little over 18 months ago a well… Continue Reading
Mining Equities / Precious Metals Fall Further As Fed Cuts Stimulus Program Contrasting economic policies in the U.S and Japan during the week coincided with the continued decline in mining equities and metal prices over the same period. The Federal Reserve in the U.S. announced a end to its stimulus program on Wednesday, while on… Continue Reading
For those that haven’t had access to the internet or TV today, the West African country of Burkina Faso’s government has collapsed and is essentially in complete disarray. After a day of violent protests, the military seized power and effectively dissolved the country’s parliament. This is a surprise, coming out of one of the more… Continue Reading
There’s a new venture deal that just went public in Canada that we expect to receive significant attention. It’s being coined a “smart luxury” fashion play and is called Mezzi Holdings Inc. The promoter/CEO is Keir Reynolds, no stranger to CEO.ca readers. We share our experience with Keir in the following article, as he tells… Continue Reading
Bad news for Petromanas Energy (PMI.tsxv) shareholders this morning, myself included. The company is exploring for oil on shore in Albania’s Berati thrust belt in a joint venture with Royal Dutch Shell, after their first well, Shpirag-2, made a discovery in late 2013. Petromanas has temporarily suspended the Molisht-1 well at 4200 meters depth, which… Continue Reading
“We are contrarian, value-oriented investors in private equity, credit and real estate,” is what Apollo Global says on its website. The firm which was founded by Leon Black in 1990 out of the ashes of investment bank Drexel Burnham Lambert is a pioneer in the private equity space. Today it manages over $150 billion globally… Continue Reading
Cameco (CCO.T), the company investors turn to for guidance on the current state of the uranium industry, released quarterly results this morning. Cameco believes that uranium will remain in surplus for the short term with continuing strong long term fundamentals. At press time the market is not impressed. Cameco shares are off ~3%, trading last at $18.95 per share. Cameco… Continue Reading
Of the talking heads in the gold business, Sprott USA Chairman Rick Rule is perhaps the most direct when it comes to discussing wealth creation, and for that, we at CEO.ca love him. Over the weekend, American investing site, Future Money Trends, published a video of Rule at a secret dinner party introducing Uranium Energy Corp.… Continue Reading
Pure Gold Mining sell-off smells of an opportunity… Few junior mining companies in the world today have an opportunity like Pure Gold Mining (PGM.TSXV), first covered by Lawrence in the July edition of this newsletter. Pure Gold is an approx. $30 million market cap company that owns the historic Madsen mine in the prolific Red… Continue Reading
John Alfred Paulson is an American hedge fund manager and billionaire who heads Paulson & Co, a New York-based firm he founded 20 years ago. He manages nearly $25 billion in assets for global clients. In 2007 Paulson made his name and a large part of his personal fortune (now estimated at $13.5 billion) betting big… Continue Reading
Haywood Commodity Price Revisions: Moderating for a New Paradigm This week, Haywood released a revised commodity price forecast. Changes to several commodity price decks are echoed in the negative performance of mining equities and commodity prices during the last quarter. Changes include the long-term gold price, which was lowered from $1,300 to $1,250 per ounce, silver… Continue Reading
The Lundins focus on Chile is continuing today, this time with more news from portfolio company, NGEx Resources (NGQ:TSX). “Chile’s biggest new copper-gold camp” is posted all over NGEx’s website and the company believes that they not only have large deposits (3 of them to be exact), but that they are sitting on an entire… Continue Reading
