Yes I failed. The worst idea I ever had — one rooted in the belief that a company could make a difference in the lives ofColombia villagers and their investors — is off another 40 percent in stock price Monday. But then, as a money manager familiar with the Gran Colombia Gold failure just told… Continue Reading
GCM data by YCharts Shares of Gran Colombia Gold (GCM:TSX) which came under severe pressure last year on the back of a dramatically dropping gold price and questions about their solvency, are up over 127% in February as the street feels the short squeeze. Investors gained confidence in gold and gold equities in the early… Continue Reading
THE CALANDRA REPORT: Subscribe $91 yearly Topics: Coastal Contacts, Inovio, American Sands, Stockr, Mason Graphite, Tembo, GSV & Sunny LA LOS ANGELES — Just back from getting my batteries charged at LD Micro in Bel Air. About 240 companies — four or five gold | a dozen energy | and the rest Biomedical, Internet, retail,… Continue Reading
THE CALANDRA REPORT: Subscribe $91 yearly What follows is probably the most emotional, and highly charged, subsistence mining drama taking place in the gold world. The drama is running in Colombia. We have been tracking Buriticá — because I know the company, I know the project, I think I understand the shades of green and… Continue Reading
After reviewing most of the corporate presentations from last week’s Denver Gold Forum, some repetitive themes arose: 1.) Focus on returns: Almost unanimously, the producers claim to be focusing on high-quality operations only and have already, or will look to, dramatically reduce capital spending as well as divest assets that do not meet the margin… 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
Quietly yesterday, Serafino Iacono’s Gran Colombia Gold (GCM:TSX) announced it had grown production month-over-month to 9,988 ounces of gold in August (from 9,441 ounces in July). These ounces come from the company’s underground mining operations in Colombia at their Segovia and Marmato mines. The company has produced 70,939 ounces so far in 2013 with the… Continue Reading
OGIB’s Keith Schaefer thinks Canadian based oil companies are set for a run. Lots of int'l money flowing into #Canada #oil stocks today–if you like it, better buy it–sector trade starting in earnest — Oil&Gas Investments (@OilandGasInvest) September 6, 2013 Take a look at these three charts: 1. Gran Tierra Energy Inc. (TSX:GTE) $1.94 billion market… Continue Reading
Serafino Iacono’s Gran Colombia Gold. (GCM:TSX) announced continued strong production out of its underground operations at Segovia and Marmato in Colombia. The company produced 9,441 ounces of gold and 10,784 ounce of silver in the month of July which brings year-to-date production to a total of 60,942 ounces of gold and 89,201 ounces of silver.… 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
From yesterday’s Stockwatch Energy Summary: Pacific Rubiales and Ecopetrol hold the largest interests in the $4.2-billion (U.S.) Bicentenario pipeline, with 32.88 per cent and 55 per cent, respectively. Petrominerales Ltd. (PMG), up 10 cents to $6.16, holds 9.65 per cent, and Canacol Energy Ltd. (CNE), up nine cents to $2.90, holds 0.5 per cent. The 960-kilometre pipeline will carry… Continue Reading
Exploration Insights is a web-based subscription service that serves an international family of investors and speculators (approximately 40% US and 40% Canadian, with the remainder based in ~20 countries scattered across the globe). In addition to communications with our clientele, my research necessitates that I routinely email, Skype, and phone Canada, Serbia, Turkey, Indonesia, Australia,… Continue Reading
“We were almost killed several times,” Frank Giustra tells me. He’s recalling his first trip to Colombia in 1994 with his friend Serafino Iacono. FARC guerrillas and cocaine traffickers had made the country the most dangerous in the Americas, but it seemed like nothing could stop the two young natural resource promoters’ quest for the… Continue Reading
Via The Calandra Report – Subscribe Here – Only $58 HOUSTON — Are Colombia oil producers nearing a wave of mergers, as asset manager Frank Holmes forecast three weeks ago?
