 | | | Minesite Weekly Roundup 2nd - 9th September 2013 | | | | Dear Minesite subscriber, Ocean Equities will hold its annual September conference this week, and in line with a general trend in the mining sector it's much smaller than it used to be. Companies in particular are smaller: as we report today the UK majors have written down fully US$31 billion lately, and there may yet be more to come.
Other things are much reduced too, like dealflow, capital raisings, and headcounts at brokerages.
But investor appetite appears to be on the increase again, at least anecdotally. There's been a temporary fillip from the new rules about ISAs, word from Canada is that the street is a little bit more positive, and some commodities continue to trade strongly.
Like iron ore, the subject of the Ocean conference. At US$134 per tonne, the price is at a resolutely higher level than a whole plethora of doom-sayers thought it would be at this time last year.
Does that mean that real price strength is back, or that the price is over-cooked and heading for a fall? Opinion is divided. At Ocean, which has a fairly long history of iron ore deals, they are bullish.
And given that they have forty investors of the institutional kind signed up to meet just four iron ore companies, they have good reason.
In his weekly review, seasoned market watcher David Hargreaves reports that the mood amongst producers is "still positive". This is supported by certain interesting snippets of data. For example, Port Headland shipped 22 million tonnes in August, up 33 per cent on last year, when the price was US$89 per tonne.
With economic growth picking up around the world, further "positive" reports are likely. But it's early days yet, and there are plenty grounds for caution when picking out individual companies to back.
So, if you can't make it to conferences like Ocean's to check companies out for yourself, Minesite is always here to provide the next best thing to one-on-one meetings.
We never recycle press releases - our stories always carry interviews with company directors. This week we'll be talking to Amara, Red Rock, Firesteel, and Volta to name but a few. And in the meantime, below is the complete rundown of stories we covered last week. | 95th Minesite Forum - 17th October 2013 |
95th Minesite Forum Thursday 17th October 2013 The Brewery
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(Nearest stations are Moorgate and Liverpool Street) Presenting Companies Inlcude: Kefi Minerals King River Copper Condor Gold To Register Click Here or Contact support@minesite.com for more information If you are interested in Speaking or Sponsoring a Minesite event please contact; Paul Newman paul@minesite.com 0207 562 5422 Our forums (which are FREE to attend) enable investors to hear directly from mining and exploration company executives, and to ask questions before they invest.
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| September 09, 2013 - Richland Resources Ltd Interim Results
September 09, 2013 - Red Rock Resources Plc Red Rock Resources plc
September 09, 2013 - Condor Gold Plc Drilling Report
September 09, 2013 - Baobab Resources Plc Grant of Employee & Director Options
September 09, 2013 - Strategic Natural Resources Plc Strategic investor update
September 09, 2013 - Ormonde Mining Plc Form 38.5 Ormonde Mining Plc
September 09, 2013 - Kirkland Lake Gold Inc Fiscal 2014 First Quarter Operational and...
September 09, 2013 - Serabi Gold Plc First Phase Infill and Step-out drilling...
September 06, 2013 - SolGold Plc Issue and Cancellation of Equities
September 06, 2013 - Perseus Mining Ltd 2013 Annual General Meeting Date and Venue
September 05, 2013 - Ormonde Mining Plc Form 8.3 - Ormonde Mining plc
September 05, 2013 - Volta Resources Inc. Volta Resources Provides Exploration Update
September 05, 2013 - Patagonia Gold Update: La Manchuria and Lomada de Leiva
September 05, 2013 - SolGold Plc Quarterly Activities Report
September 05, 2013 - Serabi Gold Plc Palito Operational Update
September 05, 2013 - Mwana Africa plc Subscription to raise approximately US$3.2m
September 03, 2013 - Ormonde Mining Plc Ormonde Mining Plc
September 03, 2013 - Serabi Gold Plc New High Grade Zones Discovered at Sao...
September 03, 2013 - Mwana Africa plc Directorate Change
September 03, 2013 - Alkane Resources Ltd Exploration expands to target McPhillamys...
September 02, 2013 - Stratex International Plc West Africa Exploration Update
September 02, 2013 - Metminco Limited Half Year Report
September 02, 2013 - Mwana Africa plc Directorate Change
September 02, 2013 - SolGold Plc Commencement of Drilling at Cascabel
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