The massive Republican sweep in the US midterm elections has opened the door for the Keystone XL Pipeline bill to finally be approved by Congress and signed by the President. There is even a possibility that Senate Democrats will push the Keystone Pipeline bill through before Christmas in order to help out Louisiana Senator Mary Landrieu… Continue Reading
Another cashed up mid-tier producer has decided the time is right to deploy some capital into the junior sector. This time the cashed up mid-tier is AuRico Gold (AUQ:TSX) and the junior is Carlisle Goldfields (CGJ:TSX). AuRico, who operates two gold mines in Canada and Mexico, has agreed to purchase 70.6 million shares in Carlisle at a price of… Continue Reading
I lost $15mm cash in one summer. It was about a million a week and then it picked up speed. Ugh, I’m like reading the newspaper twice. I know I’ve written about this before. But bear with me. I bought a house. I invested in bad companies. I started worse companies. I bought art. I… Continue Reading
In the early phases of building an oil and gas company, you want to get a carried interest into as many high impact wells as possible that are ideally being drilled on somebody else’s dime. This reduces risk. Pan Orient Energy (POE.V) continues to reduce risk and keep a portion of the upside potential by farming out… Continue Reading
There hasn’t been much from the miners or E&P’s to get excited about this year. One exception (there are always exceptions) is Lucara Diamond (LUC.TSX). Not surprisingly it’s a Lundin Group company. Shares of Lucara are up 40% year-to-date, but even that return doesn’t reflect the true state of their operations. After the market closed today the company released its Q3 results… Continue Reading
>>Interview with Rick Rule (MP3 Download) During a time in which sentiment towards natural resources is bordering on doom, Rick Rule, Chairman of Sprott U.S. Holdings was kind enough to share a few comments. Speaking first toward the phenomenon of market capitulation Rick noted that, “Capitulation is a very dramatic event. It’s when most participants… Continue Reading
Boy did I catch hell at the supermarket the other day. I was standing in line at the check out counter minding my own business, when an elderly lady dropped a turnip on the floor beside me. Naturally I bent over and picked it up for her. As I rolled it onto her section of… Continue Reading
Several years ago when I was considering career choices with the potential to make me rich I was attracted to the mining space because of the extreme volatility of the sector. In bear markets, or at times when commodity prices are going lower, there is little to no appetite for early-stage mineral projects. But when… Continue Reading
New Gold (NGD.T) has made an offer to acquire Bayfield Ventures (BYV.V) in an all-stock deal worth $16.6 million. The deal has been speculated since New Gold bought Rainy River in May 2013. Bayfield holds a strategic land package surrounded by the New Gold (previously Rainy River) claim block. In the past, New Gold management has shown that… Continue Reading
The uranium space caught some attention last week after an important vote in Japan opened the door for nuclear reactor restarts. Here’s an excerpt from Haywood Mining Team’s week in review: “The Broker Average Price (BAP) for U3O8 rose 8.1% this week, up 3.8% on Thursday alone, before finishing at $41.00 per pound U3O8 on… Continue Reading
Uranium Price Surges Ahead of Positive Vote in Japan – Spawns Sector Rally Overnight in Japan 38 of 47 prefectural assembly members voted in favour of restart, and Yuichiro Ito, Governor of Kagoshima, announced his positive final approval decision shortly thereafter. The approvals open the door to complete the final step required ahead of restarts,… Continue Reading
Gold posted a powerful upside move during Friday’s session following dovish comments by ECB President Mario Draghi and a weaker than expected US payrolls report: Click to enlarge Gold (Hourly) The rally stopped just shy of previous support near $1180 while printing a bullish reversal ‘hammer’ candlestick on the weekly chart: The CFTC Commitments of… Continue Reading
Eastern Platinum (ELR.to) is selling its PGM assets in South Africa to Hebei Zhongbo Platinum Co. Ltd. for US $225 million in cash. Here is a link to the news release. The market was not expecting substantial value for the assets, as the company was worth roughly $89 million this morning, with $81 million in… Continue Reading
Romarco Minerals (R.T) received the mine operating permit from the South Carolina Department of Health and Environmental Control (SCDHEC). This is the final permit required for the 4.8 million ounce Haile gold project in South Carolina to commence construction. Romarco will need to deposit $30 million for a reclamation bond with an additional $30 million required over the life of… Continue Reading
Small-cap growth oriented Colombian oil and gas venture, Petroamerica Oil, symbol PTA on the TSX-Venture, announced two high-impact exploration wells are currently being drilled in Colombia with results expected by the end of the year. The Zampona-1 and Langur-1x wells are both 50% net working interest to PTA. They are located in the Llanos Basin of Colombia,… Continue Reading
