Just a week after the New York hedge-fund, Casablanca Capital, won its intense proxy fight over the $2.7 billion Cliffs Natural Resources (CLF:NYSE), another New York based fund has sent a warning to Madalena Energy’s management this morning. In a powerful yet to the point press release this morning, Joshua Silverman of Iroquois Capital Management, LLC… Continue Reading
In an announcement that went, in my opinion, underreported but has potentially huge ramifications for the natural resources sector in Argentina was that the Paris Club of creditor nations and Argentina have come to an agreement for repaying nearly $10 billion in debts which are currently in arrears. Why this is significant for the natural resources… Continue Reading
In a note late last week, we noted that Madalena Energy (MVN:TSX) was the only junior with significant leverage to Argentina’s massive oil and gas reserves. The company is about to increase its leverage in the country by acquiring Gran Tierra Energy’s (GTE:TSX) entire Argentinian oil and gas business unit for $63 million in cash and stock. Madalena touts… Continue Reading
