Last week I posted a $1500 target for gold in September and a much larger target at a later date – here is the chart from August 29th: Sunday’s stop tripping plunge down to $1373.20 fulfilled the $1375 short-term pullback target, which in combination with today’s bullish action sets us up for a potentially very… Continue Reading
Discovery Investing’s Chris Berry has just published commentary on Zenyatta Ventures (TSXV:ZEN) after a site visit to the company’s much hyped Albany graphite project in Ontario. In short Berry recommends the company raise as much capital as possible at current prices, while at the same time advising his readers to steer clear of the company… Continue Reading
Shares in Dalradian Resources (DNA.TO) have traded up 37.3% since an August 15th news release announcing exploration results at the company’s 100% owned Curraghinalt gold project in Northern Ireland. You can view the results here. Curraghinalt is a potentially high-margin, low-capex project with impressive grades of gold. Receiving a favorable outlook in its 2012 PEA,… Continue Reading
Just a friendly reminder that Robert Friedland’s Ivanplats has been renamed Ivanhoe Mines and has commenced trading under the symbol IVN on the TSX. Mr. Friedland is touring investors around his properties in South Africa and the DRC this week. Our August 22, 2013 prediction that he would soon send Ivanhoe’s shares above $2 has… Continue Reading
So long Alpha Minerals, you beautiful bastard! Read our past coverage of this tremendous discovery here. Just one week after public talks began to consolidate ownership of the PLS discovery, Alpha Minerals has agreed to sell itself to Fission Uranium for $7.67 per Alpha Share in a news release out this morning. Shareholders of Alpha will… Continue Reading
Stalwart junior resource stock analyst John Kaiser was uncharacteristically enthusiastic in recommending Probe Mines (TSXV:PRB) to Korelin Economics radio subscribers today, saying the company’s Borden Gold project, about 200 km southwest of the Timmins Gold District in Ontario, Canada, has “District scale potential” of its own. Originally Probe Mines thought they had approximately 4 million ounces of… Continue Reading
In reviewing Lumina Copper’s corporate presentation earlier we were amazed at how cool the company’s Taca Taca project looks in photos. This is what the World’s largest copper deposit available for sale (owned by a junior exploration company) looks like. Taca Taca is the “Best deposit in the worst market” Lumina’s largest shareholder Ross Beaty… Continue Reading
NexGen Energy (TSXV:NXE), an Athabasca Basin focused uranium exploration company, has closed a $5 million financing at a price of $.35 per unit (with a half warrant at $.55). The company intended to raise $1.8 million but interest surely sparked from the success at Fission Uranium and Alpha Minerals’ PLS discovery, immediately adjacent to NexGen’s… Continue Reading
After a brief pullback gold is well on its way to $1500+ at some point in September: Many people are obsessed with “reasons” and “catalysts” for market moves. Of course, there are always reasons which present themselves in the moment but they are rarely presaged with foresight. In fact, most of the widely understood catalysts… Continue Reading
The Belarusian/Russian potash conflict continues to deepen after the Belarusian government detained OAO Uralkali CEO Vladislav Baumgertner on Monday. Russia has officially responded to the actions taken by Belarus by ordering Russian oil companies to cut oil exports to Belarus by one quarter. Uralkali Chairman, Suleiman Kerimov, has been cited by Belarusian authorities as potentially… Continue Reading
Never again will investors hear the name Cream Minerals. The 45+ year old mineral exploration company is finally changing its name after its latest failed iteration. After being halted this morning, Cream announced a proposed name change to Agave Silver Corp., and a significant restructuring on the corporate level with a new board and share structure.… Continue Reading
McLeod-Williams zinc play, Full Metal Zinc (FZ:TSXV) announced that it intends to acquire the San Andres Silver Project in Durango, Mexico. The project is brownfields and comes with a 300tpd mill and tailings facility, supposedly costing $6 million. From 1890 to 1915, the property is said to have produced some 17 million ounces of silver. … Continue Reading
Barclays is strengthening its metals and mining team by adding two new co-heads. Paul Knight will join as vice chairman and co-head of the metals team based out of Toronto. Mr. Knight brings 18 years of experience at UBS. Michael Rawlinson will be based in London, UK and comes from Liberum, the boutique investment bank… Continue Reading
If the excitement in surrounding the Patterson Lake South discovery isn’t enough, the uranium sector got another boost after Uranerz Energy (URZ:TSX) announced a $10 million bought deal financing. The underwriting was led by Uranerz supporter Haywood Securities and included Dundee and Cantor Fitzgerald. The financing was priced at $1.17 per unit (only a slight… Continue Reading
Pretium Resources (PVG:TSX) announces it has entered into a $10 million financing with Liberty Mutual Insurance at a price of $9.35 per share. The proceeds are to be used to advance the company’s impressive Brucejack project in British Columbia. Readers recall, Liberty Mutual invested $23.5 million into Dr. Mark O’Dea’s True Gold Mining (TGM:TSX). It… Continue Reading
