Noteworthy

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Noteworthy    Sand Means Gold as U.S. Fracking Demand Booms: Chart of the Day   Bloomberg News, August 29, 2014 6:29 AM  See More
Noteworthy
POSTED ON August 27, 2014 BY Travis McPherson

Uranium bulls got a potential (and much needed) boost this morning after a strike warning was sent to one of the world’s largest uranium producers which may cause them to close the world’s richest uranium mine, indefinitely. Also, Cormark Securities initiates on NexGen Energy (NXE:TSXV) with an $0.80 per share target price which translates to 45% upside… Continue Reading

POSTED ON August 27, 2014 BY Tommy Humphreys

Long suffering shareholders of Oceanic Iron Ore Corp. (FEO.v) have a new financing to consider today, the company’s first equity issuance in 20 months, and after a 10:1 share consolidation earlier this summer. Oceanic aims to raise $3.5 million from existing shareholders by selling $0.25 units consisting of a common share and a full warrant… Continue Reading

POSTED ON August 27, 2014 BY CEO Technician

The TSX-Venture Composite is on the verge of a significant breakout after quietly rallying 3% in the past couple of weeks: Click to enlarge Next up is the 1020-1025 resistance zone followed by the March high at 1050: Above 1050 there is a wide volume-by-price ‘air pocket’ all the way up previous support near 1170 –… Continue Reading

POSTED ON August 27, 2014 BY CEO Technician

Yesterday the GDX printed a rare and extremely bullish reversal candlestick: Click to enlarge The conditions for this candlestick were as follows: 1. Price was in a short term downtrend heading into the trading session 2. Price gapped up 3. Price close above the previous day’s high 4. Volume was higher than the previous day’s… Continue Reading

POSTED ON August 26, 2014 BY Tommy Humphreys

GoldInvestingNews.com has an interview out with Nolan Watson, 34, CEO of Sandstorm Gold (TSX:SSL, NYSE:SAND), an approx. $750 million market cap gold streaming and royalty company based in Vancouver, Canada with assets around the world. Mr. Watson was the first employee brought on to the newly formed Silver Wheaton after Chairman Ian Telfer decided to spin out Goldcorp’s undervalued silver… Continue Reading

POSTED ON August 26, 2014 BY Travis McPherson

After being halted for more than 24 hours, NexGen Energy (NXE:TSXV) informed investors of what news was awaiting dissemination; record total composite off-scale radioactivity from the latest drill hole which is still in progress. The shear size of this intercept, although still being drilled, required a halt until the company could release the results. Drill hole… Continue Reading

POSTED ON August 26, 2014 BY Travis McPherson

After months of delays, junior diamond explorer Margaret Lake Diamonds (DIA:TSXV) will finally begin their first pass exploration program on the Margaret Lake property in the Northwest Territories this week. This initial program will consist of a helicopter-borne gravity gradiometry known as the HeliFALCON® to help the company narrow down targets for drilling its extensive land package. Margaret Lake holds over 23,199… Continue Reading

POSTED ON August 26, 2014 BY Rob McLeod

I still own all of the shares from my first ever private placement. It was 1994, and I was working for Lac Minerals at the Red Mountain project, which I now manage for IDM Mining Ltd. (IDM.v). A few kilometers to the east of us, my Uncle Don McLeod had the Willoughby gold project in… Continue Reading

POSTED ON August 25, 2014 BY CEO Technician

According to the International Copper Study Group (ICSG) the global copper market deficit is currently at its largest in 7 years: Click to enlarge From Morgan Stanley: Meanwhile, the technical picture looks quite promising after copper found support last week at the uptrend drawn from the March lows: A breakout above $3.25 would indicate the… Continue Reading

POSTED ON August 25, 2014 BY Tommy Humphreys

Accomplished natural resources investor Frank Giustra has two long term investments in the junior energy sector, Colombian focused Petroamerica Oil (PTA.v), and European focused Petromanas Energy (PMI.v). Disclosure note, I own both of them. In early trading Monday, one of these companies was climbing strongly, while the other was heading in the wrong direction. Confirmed… Continue Reading

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