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CEO.CA members discuss high-risk penny stocks which can lose their entire value. Only risk what you can afford to lose.
– The government will allow companies to continue with exporting concentrates past the Jan/17 as long as companies continue to pay export taxes and work on bringing local smelters online.
- Miners who currently operate under contracts of work must get a special mining license to continue exporting semi processed metals.
- The decision is subject to the President’s approval.
@newstracker#Copper US$ 5,466/t vs US$5,530/t yesterday
- Refined copper imports climbed 46%mom/-23%yoy to 277kt in Nov, according to the customs data released yesterday.
- Inbound shipments in the first 11 months of the year were little changed at 3.27mt (+0.4%yoy).
- However, falling local premiums point to a cooling down in demand, Bloomberg reports.
- The benchmark Yangshan premium, a measure of supply and demand in bonded warehouses in Shanghai, fell since late Oct.
#Aluminium US$ 1,723/t vs US$1,724t yesterday
#Nickel US$ 10,685/t vs US$10,955/t yesterday
#Zinc US$ 2,574/t vs US$2,628/t yesterday
#Lead US$ 2,152/t vs US$2,190/t yesterday
#Tin US$ 20,855/t vs US$20,945/t yesterday
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@CriticalInvestor@DanO Your comment on these graphite plays is spot on too, there hardly is a natural graphite market, hardly any progress among most Canadian juniors, Flinders had to halt production because of low pricing/low demand, and what's left of it will go to the likes of Syrah $SYR.AX which is probably fully funded to production
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@newstrackerStorage tanks are expected to remain fairly full throughout the first six months of the year and only start emptying from June. OPEC and non-OPEC oil producers have agreed to reduce their ouput but the agreement contains a provision that it can be extended a further six months. Oil traders are betting on an extension. The current structure of futures prices implies it will no longer be necessary or financially viable to store such large volumes of crude from the third quarter onward. #oil#energyhttp://www.arabnews.com/node/1027811/business-economy
@newstrackerMark Lyttleton, who previously ran a £2bn fund for BlackRock's UK unit, was sentenced on Wednesday at Southwark Crown Court, London, after pleading guilty to two charges of fraud and Insider trading. Lyttleton, for whom trading became a “vocation” after winning a Daily Telegraph stockpicking competition aged just seven, made £45,000 profit after trading shares in EnCore, the Aim-listed North Sea explorer, days before its £221m takeover by Premier Oil was announced in 2011. https://www.ft.com/content/26fe4fd4-c793-11e6-9043-7e34c07b46ef
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@newstrackerBarret Brown was arrested in his home by FBI agents in 2012 as part of a raid to arrest those whose hacked Stratfor for private data. After 4 years in prison, he has been released and plans on launching an opensource journalism site to review leaked documents. His sting in prison has not deterred him. “When things deteriorate, when the system destroys itself as it’s doing right now and does so in such an obvious and disgusting way, my ideas seem less crazy,” https://www.wired.com/2016/12/anonymous-barrett-brown-free-ready-pick-new-fights/?
@marketwiredAuryn Provides Exploration Update and Plans for 2017 @marketwired/auryn-provides-exploration-update-and-plans-for-2017$AUG$GGTCF The proposed drill plan for 2017 is to drill a total of 55,000 meters of which 25,000 meters will be drilled across 17 multi-kilometer long targets in the Committee Bay project, 15,000 meters across the Homestake Ridge project and another 15,000 meters across the Sombrero, Huilacollo, and Baños del Indio projects in southern Peru.
@newstracker"If a person becomes a portfolio manager at a pension fund and is tasked with investing in excess of $50 billion in fixed-income assets, that person has two choices: (1) direct funds to investors on the “approved“ list to do business with and not receive bribes in exchange or (2) funnel the money to whoever is going to say thank you in the form of, among other things, prostitutes, cocaine, and weekend getaways to Canada. Navnoor Kang allegedly chose option two, and that’s why he was arrested today."
@newstracker#Gold steadied on Thursday, as the dollar slipped and market participants waited for U.S. economic data due later in the day. The United States will release a third revision of third-quarter gross domestic product, durable goods orders for November, and weekly initial jobless claims. Spot gold was little changed at $1,131.17 an ounce by 1101 GMT, while U.S. gold futures were down 0.1 percent at $1,132.40 an ounce. http://in.reuters.com/article/global-precious-idINL4N1EH2T9
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@newstrackerFrom 2009 to 2015, credit in China grew very rapidly by 20 percent on average per year, more than growth in nominal GDP. The ratio of non-financial private credit to GDP rose from around 150 percent to more than 200 percent, or about 20-25 percentage points higher than the historical trend. These credit patterns are comparable to countries that experienced painful deleveraging, such as Spain, Thailand, and Japan. This could be a drag on growth for the economic engine of the world. #Chinahttps://www.weforum.org/agenda/2016/12/heres-why-china-needs-to-tackle-its-corporate-debt-problem?
@marketwiredKhan Disputes Tax Assessment Received by Dutch Subsidiary @marketwired/khan-disputes-tax-assessment-received-by-dutch-subsidiary-7734b$KRI-CN$KRI The company has received a preliminary tax assessment from the Dutch tax authority amounting to 11.4 million euro's based on an assessed taxable income of 45.8 million euro's for the fiscal year ended July 31, 2016. The company is surprised by this decision and struggles to understand why and how this assessment came to be. The company received 14.9 million USD as part of a settlement in a dispute with the Government of Mongolia. The company has no other material sources of income. #Mongolia
@marketwiredAltaGas Receives Regulatory Approval to Double the Size of the Townsend Facility @marketwired/altagas-receives-regulatory-approval-to-double-the-ba4a5$ALA The company has received approval from the British Columbia Oil and Gas Commission for the doubling of the Townsend Facility to 396 MMcf/d and to retrofit the existing 198 MMcf/d shallow-cut Townsend Facility to a deep-cut facility at a future date. The estimated cost of Townsend Phase 2 will be approximately $85 to $95 million. In addition, incremental field compression equipment, estimated to cost between $35 to $45 million.
@newswireNorthern Shield Completes Séquoi Drill Program; Assays Pending @newswire/northern-shield-completes-squoi-drill-program-assays$NRN The second of six drill-holes, 16SQ-02, intersected 5 meters (121.5m to 126.5m ) of what the company believes to be brecciated, massive, semi-massive, stringer and disseminated sulphides, dominated by pyrrhotite with some identifiable pyrite and minor chalcopyrite.
@thenewswireIAMGOLD Signs Agreement to Acquire 100% of Merrex Gold @thenewswire/iamgold-signs-agreement-to-acquire-100-of-merrex-gold$MXGIF$MXI All of Merrex’s issued and outstanding shares will be exchanged on the basis of 0.0433 of an IAMGOLD common share for each issued and outstanding share. The share consideration represents a value of $0.20 per share and values the Company’s total outstanding equity on a fully diluted basis at approximately $41 million. $IMG
@marketwiredWhite Gold Corp. Completes Name Change, Launches new Website and Exercises Option to Acquire Gold Properties in the White Gold District of the Yukon @marketwired/white-gold-corp-completes-name-change-launches-new-53a23$GGC The company has exercised its option to acquire 100% of the 21 properties, comprising approximately 12,301 quartz claims located in the White Gold District of the Yukon Territory from Shawn Ryan and Wildwood Exploration Inc.