I caught up with royalty specialist John Budreski recently for an update on Morien Resources, a small resource royalty play with two long-life assets in Nova Scotia. The shares had recently slumped below 20 cents from a 52-week high of 28 cents, and I took a position. Budreski, Morien’s president and CEO, didn’t seem too… Continue Reading
During a period of polarizing precious metals and industrial commodity pricing, Rick Rule, Chairman of Sprott U.S. Holdings was kind enough to share a few comments—opining on global counterparty risk, resource capital markets, capitulation, and more. When I asked for his expectation of a final capitulation sell-off in resource markets, Rick noted that, “We came… Continue Reading
Today North America kicks off the Christmas season with the annual Black Friday sale. Many stores are offering discounts of up to 70%; no wonder this is the biggest shopping day of the year. The stock market is also having a “sale” with many resource names discounted 30-70% over the past couple months. You can… Continue Reading
From Wikipedia on the so called January effect: “The most common theory explaining this phenomenon is that individual investors, who are income tax-sensitive and who disproportionately hold small stocks, sell stocks for tax reasons at year end (such as to claim a capital loss) and reinvest after the first of the year.” In the modern… Continue Reading
With $36.4 billion in assets, Harvard University’s endowment fund is the largest in the world and has returned an average of over 12% annually over the past two decades. In a recent regulatory filing, the Massachusetts-based fund picked up new positions in a dozen Texas-based oil and gas companies in the third quarter amid steeply… Continue Reading
After pre-marketing their latest venture, Denham Capital, which is one of the largest resource-focused private equity firms, announced the formation of Auctus Minerals, to focus on acquiring underperforming operations across Australia and applying operating efficiencies to them in order to turn a profit. The venture is being funded with US $130 million (initially) from Denham and will… Continue Reading
Amid the doom and gloom of the resource markets, two small cap focused boutique investment firms have decided to combine their shops in an attempt to gain size and weather the storm. This morning, Toronto-based Mackie Research announced it would be acquiring the oil and gas boutique, Jennings Capital. Jennings was founded in Calgary by Rob… Continue Reading
Haywood Commodity Price Revisions: Moderating for a New Paradigm This week, Haywood released a revised commodity price forecast. Changes to several commodity price decks are echoed in the negative performance of mining equities and commodity prices during the last quarter. Changes include the long-term gold price, which was lowered from $1,300 to $1,250 per ounce, silver… Continue Reading
The Lundins focus on Chile is continuing today, this time with more news from portfolio company, NGEx Resources (NGQ:TSX). “Chile’s biggest new copper-gold camp” is posted all over NGEx’s website and the company believes that they not only have large deposits (3 of them to be exact), but that they are sitting on an entire… Continue Reading
The opportunity to buy a $1 bill and pay only $0.50 for it was created earlier this year in the shadow of the largest gold M&A deal of the year. The $3.6 billion acquisition of Osisko was announced in April when Goldcorp made a hostile offer for the Canadian gold miner and ultimately saw Agnico-Eagle/Yamana jointly outbid… Continue Reading
Every year Vancouverites wait to hear the unveiling of Business in Vancouver magazine’s Forty under 40 list. This year’s inductees include a number of mining professionals who have been able to navigate through the bear market and rise to the top of deal makers and value creators. The list includes: Kevin Campbell: Managing Director, Investment Banking,… Continue Reading
>>Inteview With Rick Rule (MP3) During a time in which few investors are considering the possibility of a recovery in natural resources, Rick Rule, Chairman of Sprott U.S. Holdings was kind enough to share a few comments. Speaking towards the overall market Rick noted that, “The market itself is very healthy. You are seeing a… Continue Reading
Investors seeking a passive way to play the out of favour junior resource sector ought to take a look at Kobex Minerals (TSXV:KXM), a firm with some impressive backers which trades for less than its current cash breakup value. On Friday, Kobex announced intentions for a Change of Business, evolving from a mineral exploration play… Continue Reading
Resource sector stalwart John Kaiser, editor of Kaiser Research, a subscriber supported publication which analyzes nearly 2000 junior resource companies worldwide, joined Vanessa Collette of Cambridge House Live in Vancouver Monday to discuss his take on the junior markets. Kaiser thinks this summer may be a good time for investors to start bottom fishing out… Continue Reading
Economic geologist Brent Cook, the editor of Exploration Insights, a high value subscriber supported publication focused on junior miners, echoed much of what he said in our interview of a few weeks back when he sat down with Vanessa Collette at the Cambridge House conference in Vancouver the other day. Related: Brent Cook: Why gold miners… Continue Reading
