Klondex Mines (KDX:TSX) – Klondex a top performer in the gold space is out with drilling results on the Hui WU Vein. The Hui WU Vein is located at the Fire Creek project in Nevada. Highlights of Hui Wu vein include: 13.5 ounces per ton (461.6 grams per tonne) gold equivalent over 11.5 feet (3.5… Continue Reading
Here are my top news releases for this morning. Mart Resources (MMT:TSX) -Mart is out with positive news this morning that the government of Nigeria has approved the completion of the OML 18 transaction. Mart is a member of a consortium of companies that will acquire 45% of the OML lease with the Nigerian National Petroleum Corp owning… Continue Reading
Here are a look at my favourite news releases from this morning with some thoughts on each. I will do another post on some more news releases later today. Mart Resources (MMT:TSX) – Mart announced this morning that the deal previously announced with Midwestern is now a definitive arrangement. Each Mart shareholder will receive 80… Continue Reading
A tough day for commodity stocks so far with gold,silver,platinum,copper,and oil all down well over 1% in early trading this morning. The US added 295,000 jobs in February beating consensus and driving the USD higher sending commodity prices lower. The US dollar was also at a 12 year high against the Euro after the strong jobs report.… Continue Reading
Mart Resources (MMT:TSX) is out with a production update for the months of December and January. All signs show that the new Umugini pipeline is ramping up production as expected. At press time the market likes the news sending Mart stock up 6 cents to $0.63 (10.53%). December was the best production month ever for… Continue Reading
If you like to speculate, Mart Resources (MMT.T) is a junior oil producer that should be on your radar screen. The company is out with a brief corporate update this morning on UMU-13 well results and an announcement they will be cancelling the dividend for the fourth quarter. Mart is currently (at press time) down 10 cents… Continue Reading
Mart Resources (MMT.T) was halted at 6:34 am PST this morning pending news. The company has announced that the Umugini pipeline is now flowing oil. The stock resumes trading at 8:15 am PST. Investors have been waiting on this news for years. I expect to see a significant move in the stock price as the… Continue Reading
Investors have sent shares of Mart Resources (MMT.T) tumbling to a 2 year low of 85 cents this week. Two reasons for the sell-off are the delays on the Umugini pipeline and the recent decline in oil prices. Mart has been operating the Umusadege field in the in Delta State, Nigeria with partners Midwestern Oil and Gas Plc… Continue Reading
Mart Resources (MMT.to) released a corporate update this morning with details on the Umugini pipeline as well as a drilling update. Mart is a junior oil producer in Nigeria with current production of 7,874 bopd (August). Management says the completion of the Umugini pipeline could potentially double current production. Mart has previously disappointed investors by missing several deadlines.… Continue Reading
