Huge volume on Mark O’Dea’s True Gold Mining (TSX:TGM) yesterday, 24.521 million shares traded via House 62, Haywood Securities. Golden Star Resources had owned a similar sized stake (24.521 million shares as of Nov 21, 2012), and this looks like them getting out. However there appears to be a strong appetite for True Gold’s shares, despite… Continue Reading

Market darling and favorite among gurus Brent Cook and Rick Rule, Lydian International (LYD:TSX) is taking it on the chin today (down 37% at the time of writing) after announcing that political risk is real. Looks like the Armenian authorities want more information regarding the catchment basin to Lake Seven (Armenia’s largest fresh water resource).… Continue Reading

There’s a growing rotation of capital flows being diverted from resources stocks to the tech world lately, and many entrepreneurs have jumped on the bandwagon, starting a host of technology ventures. And more are sure to follow. After all, “Give ‘em what they want” is the old promoter’s adage. If you’re looking on keeping up… Continue Reading

By Lawrence Roulston, Resource Opportunities News that the US Federal Reserve may begin cutting back on Quantitative Easing panicked investors around the world. The mere suggestion that the easy money might be cut back if the economy continues to improve exemplifies how dependent investors have become on what is effectively a government handout. The sharp drop in… Continue Reading

Bloomberg interviewed Lucara Diamond Corp. CEO William Lamb in Vancouver last week. Mr. Lamb communicated a desire to diversify Lucara’s asset base: “We’re still only a company of one asset. To de-risk you want at least two assets, two producing entities.” He also put a bright spin on falling diamonds prices: “Some companies might put… Continue Reading

Here’s a promoter’s map of the Western Athabasca Region in Northern Saskatchewan showing Fission/Alpha’s discovery in the middle. Update: Comments from Twitter: @tommyhump Thats the people who paid 2B on map. CIN has a great land position which the mkt will figure out — Cdn Intl Minerals (@CIN_TSXV) July 19, 2013 @tommyhump cut my teeth in… Continue Reading

LIBERTY METALS & Mining Holdings continues to take stakes in emerging gold and metals producers. This one has Karma. The unit of the large insurer, Liberty Mutual, came across my screen about a year ago, when it gave Red Eagle Mining in Colombia (RD in Canada) $8 million in exchange for a net smelter royalty… Continue Reading

I am fortunate to have a copy of Donald Rumball’s 1996 biography of Canadian business legend Peter Munk, The Making of a Modern Tycoon, on my bookshelf.  The unauthorized account covers Munk’s escape from Nazi occupied Hungary to Canada as a Jewish teenager, where he went on to found Claritone, Canada’s preeminent stereo manufacturer, in 1958. Munk was… Continue Reading

Yesterday Petroamerica Oil Corp (C:PTA), an emerging light oil producer in Colombia, received a buy recommendation and a $.45 price target from Canaccord Genuity energy analyst Christopher Brown in Calgary. Canaccord Genuity now joins CIBC World Markets, TD Securities, Haywood Securities, Raymond James, and others in recommending Petroamerica’s shares. Mr. Brown cited PTA’s attractive valuation… Continue Reading

Octogenarian self styled ‘treasure hunter’ Dave Lowell, who we called Mining’s Greatest Explorer in a January, 2013 short film about the legend, has launched a new copper exploration and development company, Lowell Copper, and subsequently raised $11.4 million in a financing in which we participated (details). The company’s principal asset is the Ricardo project in… Continue Reading

It’s a different reality for the Lundin’s, an extremely successful, and well financed oil and mining exploration and development group. Chairman Lukas Lundin tells Mineweb’s Kip Keen his copper companies intend to keep their exploration budgets intact, and expresses optimism for continued, high commodities prices. You should read the full article over at Mineweb. Here are a few excerpts:… Continue Reading

Well-known Toronto-based mining and energy promoter Stan Bharti of Forbes and Manhattan has opened up to Mineweb’s Kip Keen. Here’s a link to the article. Excerpts include: “At Forbes & Manhattan we always tell people, find good assets in emerging markets so you don’t overpay for them. I mean any fool can go and pay… Continue Reading

Today we learned that PI Financial Corp. has updated coverage on Silver Bull Resources (TSX: SVB) (NYSE: SVBL), one of the few junior mining names we own. Following the release of positive test results from the silver mineralization zone at the company’s flagship project in Mexico, analyst Philip Ker reiterated his buy recommendation, maintaining his 12-month target… Continue Reading

Yesterday I had another opportunity to hear Frank Giustra speak — this time at BCBusiness Magazine’s Top 100 event at Hotel Vancouver. In front of a crowd of 1,200, he was interviewed on stage by BCBusiness chairman Peter Legge. Frank Giustra became a millionaire in his early 20s financing small mining and energy companies. As Chairman… Continue Reading

In an interview with CEO.CA on April 26, 2013 mining legend Ross Beaty told us, “I don’t think it’s time for me to invest just yet, but its getting close.” Yesterday Beaty announced that he had purchased 221,000 shares in Lumina Copper Corp. (TSXV:LCC) at an average cost of $4.68 in the open market on June… Continue Reading