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
Peter Koven of the Financial Post has a missive out this Saturday morning on Canada’s embattled junior resource sector. He speaks to Terry Ortslan, Stan Bharti, John Kaiser and others about why the sector is in trouble, and possible events that could trigger a turnaround. “History suggests that a quick drop in global metal inventories,… Continue Reading
Mason Graphite (LLG:TSXV) is coming off a transformative 2013 whereby the company released an initial preliminary economic assessment (PEA), completed a large, 24,345m drill program and grew their initial resource base by 658% to over 50 million tonnes at 15.6% graphite. This morning the company announced another milestone, with the signing of a letter of intent to acquire 40% of the… Continue Reading
The Rant Thank you Toronto, and other observations Your neighbours to the south will be eternally grateful for your crackpot mayor providing considerably better entertainment value than your mining markets of late. The comic relief is greatly appreciated– keep it coming. The relentless hammering of the junior mining markets and gold price continues despite the… Continue Reading
What else is a highfalutin mining promoter to do during a global resource downturn than tech deals, obviously. Yesterday Stan Bharti’s Forbes & Manhattan (F&M), a Toronto-based merchant bank well known for their mining and energy promotions, announced that they had advised on a $60 million financing for Mobli, a social media image and video… Continue Reading
The Lac des Iles graphite mine in Quebec is the larger of two Canadian graphite producers, and owned by Imerys S.A., a multi-billion dollar French multinational company which specialises in the production and processing of industrial minerals. Imerys has been around for nearly 140 years. The Lac des Iles graphite mine, which is ran by… Continue Reading
Well-known Toronto-based mining and energy promoter Stan Bharti of Forbes and Manhattan has opened up to Mineweb’s Kip Keen. Here’s a link to the article. Excerpts include: “At Forbes & Manhattan we always tell people, find good assets in emerging markets so you don’t overpay for them. I mean any fool can go and pay… Continue Reading
We just received the following email from former Forbes West boss Mark Morabito announcing the parting of ways between his Vancouver-based natural resources group and Mr. Bharti’s Forbes & Manhattan in Toronto. Here’s what it said: I am writing to advise you that Forbes West and Forbes & Manhattan are parting company amicably. We will… Continue Reading
