 | | | Minesite Weekly Roundup 17th - 24th September 2012 | | | | Dear Minesite subscriber, Over the past month, the uptick in commodities prices has given a battered sector some much-needed respite. The gold price in particular has grabbed attention, but other metals have risen too, including, notably, copper, up from US$3.40 per pound to US$3.72 per pound. Lead has also risen, from US85 cents to US$1.01 per pound. Nickel, palladium, platinum, potash, silver, tin and zinc are also up. But thermal coal, uranium, tungsten, iron ore, and cobalt, have been fallers. While it'd be foolish to generalise too much in the current climate of continuing uncertainty, it's clear that the commodities that are easier to trade have benefitted from an inflow of investment, while those that aren't haven't. Thus gold and silver are freely tradable on COMEX and around the world, while nickel, aluminium, copper, lead, zinc, and tin are all easily tradable on the London Metal Exchange. Who is behind all this? Central bankers, that's who. Quantitative easing in the US, Japan, and the UK encourages a flow of assets out of cash and into anything that's tradable and that can hold its value against the onslaught of the printing press. All of which bodes well for the companies that dig up the metals themselves, and for the investors that back them. Because even if gold has risen by around US$200 over the past month, from around US$1,600 to US$1,800, that still only amounts to a rise of 12.5 per cent. Compare that to the rise put in by two companies in the news recently, and which we've been taking an interest in on Minesite – CGA Mining and Condor Gold. Shares in CGA began ticking up a few weeks ago, but really took off on 17th September, when Canadian mid-tier B2Gold tabled an all share for the company offer at C$3.18 per share, a premium of 26 per cent. Meanwhile, at the other end of the development spectrum, but by co-incidence also tied into B2Gold through a joint venture in Nicaragua, shares in Condor Gold have jumped from 110.5p a month ago to a current price of 179p. That's a rise of nearly 40 per cent. Three months ago the shares were at a mere 48p, and three years ago, at a mere 10p. In the junior space, clever stockpicking will always win out over clever bets on the commodities markets, albeit the attendant risks are greater. But here at Minesite we try to mitigate those risks by providing as much information on junior companies as we possibly can. Hence our unparalleled editorial. And hence our popular forums, at which junior miners can present their stories direct to investors. Condor will be presenting later in the autumn, but our next event, to be held on Thursday 27th September at The Brewery, will consist of one fund manager offering his own individual insights, and several companies, each with their own unique investment proposition. Don't miss it! | 90th Minesite Forum Thursday 27th September 2012 |
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Operations Manager - Energy Coal - USA Commodities: September 24, 2012 The difference between what people want the world to be and what it actually is offers enormous potential for making a buck. Full story... News: September 22, 2012 Peace of a sort broke out at LonminÂ's troubled Marikana mine this week, after striking workers agreed to a revised pay offer consisting of a R2,000 signing bonus plus a wage hike of between 11 and 22 per cent per year. Full story... News: September 22, 2012 Minews. Good morning Australia. You seem to have had an interesting week, with a mix of positive and negative news. Oz. It was a bit of everything, ranging from the debt crisis at Fortescue Metals (FMG) to a burst of exploration and discovery news that excited the small end of the base metals sector. Full story... News: September 21, 2012 Minews. Now, over to our Canadian Correspondent for a look at how the Canadian Markets performed over the past week. CC. A modest-sized merger and another bevy of encouraging exploration results had the junior bourse surging. Once all the trading was done this past week, the TSX Ventures Exchange, home to more junior exploration companies than anywhere else in the world, had added 2.09 per cent, while the TSX Gold Index had tacked on another 1.84 per cent. Full story... News: September 21, 2012 B2Gold has announced a friendly C$1.1 billion all-stock offer for CGA Mining, with the prize the company's Masbate gold project in the Philippines. Full story... News: September 21, 2012 Over the past couple of weeks shares in Anglesey Mining have started to creep up off their three year low of 7.65p, and edged up to the current 9.475p. To be sure, there's still a lot of ground to be made up before anyone who bought in at the five year high of 90p makes back their money. Full story... News: September 20, 2012 The dollars will be going into the ground - that's the major attraction of a massive investment from China's third biggest goldminer, Shandong Gold, in ASX-listed Focus Minerals. Full story... News: September 20, 2012 Shares in Colossus Minerals jumped more than 11 per cent on Wednesday after the company announced an agreement with Sandstorm Gold to sell a portion of the refined precious metals produced from Colossus' 75 per cent-owned Serra Pelada Project in Brazil. Full story... News: September 19, 2012 If you are looking for a winner out of South Africa's platinum debacle, Ian Rozier, the chief executive officer of Eastern Platinum, suggests that his company could be the one you are looking for. Full story... News: September 19, 2012 Conroy Gold and Natural Resources is contemplating bringing a partner into its one million-ounce Clontibret gold project in County Monaghan. Full story... News: September 18, 2012 When gold was discovered at Serra Pelada in Brazil in 1979 it precipitated Latin America's largest ever gold rush. During the 1980s, around 80,000 artisanal miners produced an estimated two million ounces of gold, plus platinum and palladium from a 400 metre by 300 metre open pit, hand-dug to 100 metres in depth. Full story... News: September 18, 2012 We're in the throes of completing our drilling programme says Steve Tainton, investor relations chief at Metminco, the Aim and ASX-listed copper hopeful that's currently working up a promising-looking copper porphyry project at Los Calatos in southern Peru. Full story... News: September 18, 2012 The pace of tunnelling work at Minera IRL's Ollachea gold project continues to accelerate as the company pushes on towards an orebody that's already known to contain 2.6 million indicated and inferred ounces. That number was established by drilling from surface, but it's likely to go higher once the tunnel reaches about 700 or 800 metres in length, as underground drilling will then be able to commence. Full story... News: September 17, 2012 The last couple of months have been transformative for Radius Gold. Two deals have radically altered the shape of the company. Full story... Commodities: September 17, 2012 It was only a 565 word statement, but it was enough to whack up equity markets by a couple of per cent and enough to add 5.2 per cent to base metal prices as measured by the LME index. Full story... | |
| September 24, 2012 - Marengo Mining Limited Marengo Restructure to Redomicile to Canada
September 24, 2012 - Mincor Resources NL Notice of Annual General Meeting/Proxy Form
September 24, 2012 - Mincor Resources NL Change in substantial holding for NIU
September 24, 2012 - Mincor Resources NL Annual Report 2012
September 24, 2012 - Kefi Minerals Plc Saudi Arabia drill results
September 24, 2012 - Orosur Mining Inc Issue of Ordinary Shares upon Exercise of...
September 24, 2012 - Horizonte Minerals Plc Award of Options
September 24, 2012 - Wolf Minerals Limited Exercise of Options
September 24, 2012 - Wolf Minerals Limited Appendix 3B
September 24, 2012 - Connemara Mining Company Plc Interim Results
September 24, 2012 - Petra Diamonds Limited Preliminary Results
September 24, 2012 - Caledonia Mining Corp Update re Nama Mining Licences
September 24, 2012 - Stratex International Plc Update on Oksut Gold Project
September 21, 2012 - Northern Tiger Resources Inc Northern Tiger Resources Closes Private...
September 21, 2012 - Northland Resources S.A. New Date for Operational Update
September 21, 2012 - Marengo Mining Limited 2012 MD and A
September 21, 2012 - Mwana Africa plc BNC Rights Issue and Placing Concludes
September 21, 2012 - Marengo Mining Limited Full Year Accounts - 30 June 2012
September 21, 2012 - Endeavour Mining Corporation Endeavour Mining Announces Full and Final...
September 21, 2012 - Marengo Mining Limited Marengo Mining Limited-Broadcast
September 21, 2012 - Focus Minerals Ltd Boardroom Radio Interview with Don Taig
September 21, 2012 - Patagonia Gold Price Monitoring Extension
September 21, 2012 - Amur Minerals Corp Second Price Monitoring Extn
September 21, 2012 - Amur Minerals Corp Price Monitoring Extension
September 21, 2012 - Patagonia Gold Second Price Monitoring Extn
September 21, 2012 - Ortac Resources Ltd Director/PDMR Shareholding
September 21, 2012 - Regency Mines Plc Australia - Fraser West Project Update
September 21, 2012 - Latin Resources Limited Release of Shares and Options from Escrow
September 20, 2012 - Gunson Resources Ltd Coburn Project Engineering Results &...
September 20, 2012 - Resolute Mining Ltd Issue of Shares - Appendix 3B
September 20, 2012 - Great Basin Gold Limited Great Basin Gold to Obtain $35 Million...
September 20, 2012 - Focus Minerals Ltd Focus to Raise $227.5M Through Placement
September 20, 2012 - Wolf Minerals Limited Appendix 3B
September 20, 2012 - Marengo Mining Limited High Grade Copper Results at Yandera
September 20, 2012 - CGA Mining Ltd B2Gold Corp. and CGA Mining Limited Sign...
September 19, 2012 - Greatland Gold Plc Further Drill Results - Ernest Giles Project
September 19, 2012 - Donner Metals Ltd Donner Metals Ltd.: Mcleod Zone Extended...
September 19, 2012 - Colossus Minerals Inc. Colossus and Sandstorm Agree to a US$75...
September 19, 2012 - Merrex Gold Inc Merrex Gold Inc. Files NI 43-101 Technical...
September 19, 2012 - EMED Mining Slovakia Update
September 19, 2012 - Conroy Gold and Natural Resources Plc Clontibret Gold Project - Metallurgical...
September 19, 2012 - Connemara Mining Company Plc Oldcastle Block Exploration Update
September 19, 2012 - Vatukoula Gold Mines plc Operational Update and Q4 Results
September 19, 2012 - Landore Resources Inc Appointment of Broker
September 19, 2012 - Latin Resources Limited Scoping study completed for the...
September 19, 2012 - Churchill Mining Plc Directorate Change
September 19, 2012 - Great Basin Gold Limited Great Basin Gold subsidiary seeks creditor...
September 18, 2012 - International Enexco Limited International Enexco Announces Positive...
September 18, 2012 - ECR Minerals Plc Underground Sampling in Progress at El...
September 18, 2012 - Condor Gold Plc Resource Update
September 18, 2012 - Syndicated Metals Limited Maiden Yamamilla Drilling
September 18, 2012 - CGA Mining Ltd Appendix 3B
September 18, 2012 - Wolf Minerals Limited Appendix 3B
September 18, 2012 - Resolute Mining Ltd Full Year Statutory Accounts
September 17, 2012 - Kibaran Resources John Park Appointed Non-Executive Director
September 17, 2012 - Ormonde Mining Plc Notification of Interest
September 17, 2012 - Scorpio Mining Corporation Scorpio Mining Announces 2012 Corporate...
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