William Lamb, President and CEO commented, “The recovery of these large stones is hugely significant to both Lucara and Botswana. To the best of my knowledge, the 239 carat stone is one of the largest diamonds ever to have been recovered from the highly prolific Orapa kimberlite field in over 40 years of production. The… Continue Reading

“He really has to do something to prove he isn’t having any cash problem,” Brito at Teorica said. “Maybe selling an asset, like MPX, or doing a farm-out at OGX; anything that proves that he has assets that he can sell at a good price.” Brazil Billionaire Batista Said to Face Collateral Calls | Bloomberg… Continue Reading

Nice news out from Alpha Minerals and JV partner Fission Energy this morning. Read: ALPHA MINERALS DISCOVERS THIRD ZONE OF URANIUM MINERALIZATION AND “OFF-SCALE” RADIOACTIVITY 780 METERS EAST OF ORIGINAL DISCOVERY AT PATTERSON LAKE SOUTH, ATHABASCA BASIN. This continues to demonstrate a very strongly mineralized multi-zone corridor. Shares in Alpha Minerals had reached as high as $4.30 by press time.… Continue Reading

Here’s a gambling story about the late great media billionaire Kerry Packer from Australia. One casino boss remembered, “I was lucky enough back in the day to actually witness this gentleman sign several markers one night for at least 6 million while sitting in the high limit room of one of Vegas finest casinos, I’ll… Continue Reading

As a technical analyst my job isn’t to focus on fundamentals or to look into a crystal ball to determine which fundamental catalysts might be just around the corner. Rather, it is to analyze price action and figure out what the market may be signalling could happen. More importantly, it is to accurately gauge risk… Continue Reading

The animosity and societal disconnect of living in the downtown core of a large city can be stressful — living expenses are much higher, available space is limited. For some, it seems like only the most seasoned urbanites are courageous enough to start a family in the concrete jungle. Of course, the typical sought-after home… Continue Reading

Father and son Ben and Garrett Ainsworth may have lead Alpha Minerals and JV partner Fission Energy to the radioactive mother lode on a new frontier in the Athabasca Region of Northern Saskatchewan. Not long ago, Alpha Minerals, formerly ESO Uranium, was a dog of a stock. Trading at just $.02 last October, chances of… Continue Reading

I had the opportunity this week to connect with Jorge Beristain, head of Americas metals and mining equity research at Deutsche Bank. It was a fascinating interview, as Jorge communicates with CEOs of the world’s largest mining companies, and helps guide high-net worth individuals and institutions with their mining investments. Key issues discussed during the… Continue Reading

Source: Bloomberg

TORONTO — Ivanplats Robert Friedland needs no introduction. For one, he is North America’s greatest mining showman. Second, he is almost surely a billionaire. Third, he is a miner’s mining exec. “He knows his metals, and his black box works,” platinum prospector and Ivanplats board member William Hayden told me the other day over fizzy… Continue Reading

Petroamerica Oil Corp’s recent pullback is the entry opportunity that investors have been waiting for – the next leg higher will likely bring PTA shares above .60: Let’s go to the charts: The fundamental story speaks for itself. PTA is currently producing over 4500 bopd with netbacks over $70 per barrel, meaning the company is trading… Continue Reading

Remembering one of Canada’s greats who died nineteen years ago today. It was nineteen years ago today that John Candy passed away in his sleep from a heart attack while filming a movie in Durango, Mexico. Appearing in over 40 films, John led an illustrious career, becoming one of Canada’s most successful entertainers. Born in… Continue Reading

Two weeks ago an investor friend phoned me up and asked “Should I dump my shares of Luna Gold? I’m worried about gold and all my other stocks are down…..”. I pulled up the LGC chart and was quickly impressed by the relative strength and large recent consolidation between $3.00 and $3.50. Instead of advising… Continue Reading

With the market the way it is right now, some junior exploration companies are simply not going to survive. Since most of them are in Vancouver, we thought the city’s commercial real estate might offer some insight into which ones will. We spoke with one Downtown Landlord about their experiences with resource companies as tenants.… Continue Reading

No-rail advantage puts Oceanic’s Hopes Advance project before Asian steelmakers for potential partnership. Iron ore is the key ingredient used to make steel. The majority of the seaborne trade, that is, iron to be shipped to other countries, goes to China. An oligopoly exists today whereby China is forced to rely on Big 3 producers… Continue Reading