The best investment opportunities usually present themselves when the market fundamentals & technicals align in the same direction. Such is the case with the Toronto Venture Composite Index (TSX-V): Click to enlarge The TSX-V is testing double-top resistance from May, if it can break above 972 it will trigger upside targets of 1020 and 1080.… Continue Reading

THE CALANDRA REPORT: Subscribe $91 yearly October 22, 2013 Most everyone likes an under-fished story. Even regulators. So, this is Day 9. Barkerville Gold Mines’ return to trading brings a doubling of the stock price for those who bought the tarnished stock in America’s pink-sheet market (symbol BGMZF) whilst the Canada shares were halted. Those… Continue Reading

Colombian-focused oil and gas producer Canacol Energy (CNE:TSX) released the results from their Labrador 5 well located on the LLA23 block.  The well was spud on September 10 and reached a total depth of 10,972ft and hit 55 feet of net oil pay; 13ft in the C7 and 42ft in the Middle and Lower Gacheta… Continue Reading

Niocorp Developments Ltd. (TSXV:NB), a junior mining company developing the Elk Creek Niobium project in Nebraska, has closed a 6,186,612 share private placement at 15 cents, raising $927,991 US for the company. CEO Mark Smith, who was formerly CEO at Molycorp (NYSE:MCP), subscribed for 3.4 million shares or $510,000 US. Proceeds will be used to conduct further… Continue Reading

The Globe and Mail has published commentary from Gluskin Sheff and Associates Chief Ecnomist and Strategist David Rosenberg, a well known, bearish leaning investor, highlighting compelling valuation metrics in Canada’s commodities sector. “One would have to believe that the commodity equity space has tremendous valuation support. And imagine what sort of re-rating we would ever… Continue Reading

We had the wonderful opportunity of attending the Canaccord Genuity Global Resources Conference during the past couple of days in Miami, Florida. Canaccord put on a first class event with many of mining and energy sector’s best CIOs and CEOs on hand. Below are some of the key takeaways from the conference: Most miners are… Continue Reading

US Oil Sands (USO:TSXV) has closed its previously announced, oversubscribed $81 million financing and has added a changed lineup of all-star energy entrepreneurs to its board of directors.  USO raised the money from three main strategic investors, Blue Pacific Investments, Anchorage Capital Group and Spitfire Ventures.  Blue Pacific nominated Serafino Iacono (highly successful Colombian resource entrepreneur… Continue Reading

Andrew Ross Sorkin’s Dealbook (The New York Times) is out with a new article on the latest betting scheme being proposed by Wall Street; a market to buy and sell real financial interests in entertainment stars.  Fantex Holdings announced today that it will open a marketplace in the US where investors can trade an interest in the… Continue Reading

A light news day.  A good read with some interesting facts on private equity’s growing importance in the mining industry from the Financial Post. In 2012, private equity was involved in eight mining deals worth $8.5 billion and that is expected to grow to $10-$15 billion over 2013.  Contrastingly, miners in Canada are expected to… 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

Resource consulting firm, Wood Mackenzie put out a report Monday stating that by 2020, coal will surpass oil as the key fuel for the global economy.  Global coal consumption is expected to rise by 25% on the backs of China and India as they fill demand for cheaper energy sources to meet their fuel needs.  By… Continue Reading

One time the Federal Government Shutdown came into an apartment I was sharing with a bunch of roommates. It tied us all up and blindfolded us and made us do things to each other. It made us call it “Ted” but I don’t really know if that was its name. Another time I was riding… Continue Reading

“There was no firm like it.  And there probably won’t be another one like it.  It was  tough to get into and tough to get out. Hotel California.” I’ve heard the name, Gordon Capital, a few times in my career.  I find when talking about Gordon Capital, it is often complimented with a fond smirk… Continue Reading

It looks like the rumours have proved to be correct as China’s Minmetals announces a first round bid for Glencore-Xstrata’s (GLEN:LN) Peruvian Las Bamabas copper mine.  Prior to the mega-merger being finalized between Glencore and Xstrata last year, the Chinese antitrust authorities demanded the sale of Glencore’s $5.2 billion Las Bambas mine in order to reduce the power… Continue Reading

We’ve discussed the negative correlation between precious metals and the stock market. It has now been in place for over two years. Since September 2, 2011, the HUI Gold Bugs Index is down 64% while the S&P 500 has gained 43%. Silver has lost 48% while Gold has shed 28%. It’s not exactly groundbreaking analysis… Continue Reading