Noteworthy

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Noteworthy    De Beers warns diamonds aren't forever  Yahoo, September 17, 2014 3:18 PM  See More
Noteworthy
De Beers warns diamonds aren't forever
Yahoo, September 17, 2014 3:18 PM  See More
POSTED ON September 11, 2014 BY CEO Technician

The following chart of the CRB Index sums up what has been a very challenging past few months for commodities: Click to enlarge It is hard to say anything positive about the short term prospects for commodities other than they should put it in a tradable short term bottom at some point in the next few… 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 July 28, 2014 BY Travis McPherson

Australian-listed copper developer, Avanco Resources (AVB:ASX), was first brought to my attention by Mr. Scherb of Appian Capital.  He informed me of his firm’s investment in Avanco and since then I have watched it  reorganize and work to close the necessary financing to develop its staged copper project in Brazil. Avanco is working to build a two-staged copper mine.  The first stage,… Continue Reading

POSTED ON July 22, 2014 BY CEO Technician

Copper is testing important support/resistance near the $3.20 level: Click to enlarge And there is ample reason to believe that this could be an attractive long entry point as we move deeper into the back half of the year:  With commercial inventory at a 2-year low and declining amid a strong pick up in demand, the… Continue Reading

POSTED ON July 03, 2014 BY Travis McPherson

Freeport was founded in 1912 (then called Freeport Sulphur) in Freeport, Texas and currently employs over 36,000 people and is the US’ largest miner. According to a Wall Street Journal report today, Aaron Regent’s private equity firm, Magris Resources, is among the bidders for Freeport-McMoRan’s (FCX:NYSE) Candelaria copper mine in Chile which could raise multiple billions of… Continue Reading

POSTED ON May 27, 2014 BY Travis McPherson

LCC data by YCharts Ross Beaty’s Lumina Copper (LCC:TSXV) which is developing the world-class Taca Taca copper asset (21.15 billion pounds of copper, 5.56 million ounces of gold and 615.8 million pounds of molybdenum) in Argentina has caught a bid, up $1.23 per share to $7.61 at the time of writing. The company released a mandatory… Continue Reading

POSTED ON May 27, 2014 BY Travis McPherson

Dr. John-Mark Staude’s prospect generator, Riverside Resources (RRI:TSXV), has begun initial ground work at the Swift Katie prospect in BC.  The initiation of exploration at Swift Katie will focus on refining targets for a late summer drill campaign.  Of particular focus will be the new “Swift” target which is located 2km south of the historical… Continue Reading

POSTED ON May 26, 2014 BY Travis McPherson

The microcap junior, Aston Bay Holdings (BAY:TSXV) is up over 30% this morning on the back of the company’s announcement that it has entered into an exclusive due diligence period with an unnamed major.  All we know about the major mining company from the release is that it has a market capitalization in excess of $10 billion.  The… Continue Reading

POSTED ON May 20, 2014 BY Tommy Humphreys

(Today’s financing represents a 9% discount to the close and a 25% discount to the last financing) Only a few days after Robert Friedland’s Ivanhoe Mines (IVN:TSX) released their first quarter 2014 report which drew concerns from reporters, investors and analysts, alike about an apparent capital crunch; the company announced today that it has secured a… Continue Reading

POSTED ON May 20, 2014 BY Travis McPherson

A few weeks ago we interviewed Michael Scherb, the young founder of London-based mining private equity fund Appian Capital Advisory LLP.  In that interview Mr. Scherb told us, he saw tremendous value in the mining sector and aimed to allocate $150 million in select public and private companies this year. Well, Mr. Scherb continues to deliver on his promises.  On… Continue Reading

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