Category: update

Of diamonds and dynasties

JayCurrie
junior mining, diamonds

Legendary diamonds have long been associated with imperial dynasties. Now, just as a new book promises to revive interest in the multi-empire story of the fabled Koh-i-Noor gem, Alrosa has unveiled a suite of five stones commemorating great families of old Russia. In doing so, the mining giant marks a new emphasis not just on extracting exceptional stones, but cutting and polishing them too. The company says it will use state-of-the-art techniques to revive traditions dating back to Peter I. read more

Balmoral Announces Brokered $3.0 Million Private Placement of Flow-Through Common Shares

JayCurrie
Canadian junior explorers

Balmoral Resources Ltd. (TSX:BAR) is pleased to announce that it has entered into an agreement with PI Financial Corp. as lead agent on behalf of a syndicate of agents, pursuant to which the Agents have agreed to offer 4,225,000 national flow-through common shares of the Company at a price of C$0.71 per National FT Share for aggregate gross proceeds of C$2,999,750 read more at Balmoral

4 Junior Mining Stocks Representing Good Relative Value

JayCurrie
canadian junior exploration

SmallCapPower | August 4, 2017: Only 11 junior mining companies trading on Canadian stock exchanges have generated positive operating cash flow over the past 12 months. Investing in these cash-flow generating assets is much safer than speculating on junior gold companies that have not yet moved into production. When analyzing these cash-flow positive companies, it is important not to pay too much for an ownership stake. Today we have identified four Canadian junior mining stocks trading below the industry median 8x price/LTM operating cash-flow multiple. read more at Small Cap Power

Four Exploration Juniors with High Leverage to Silver – David Erfle

JayCurrie
Canadian junior mining

The second leg of the precious metal miner bull appears to be just about ready to begin. The July trading action in the sector was typical for this time of year while the 12-month consolidation of the initial 179% impulse move in the GDX has traded sideways on historically low volume. Realized volatility in the global miner ETF has been in a downtrend since November, as market participants (who are not on vacation) have mostly ignored the miners while continuing to focus on the high-flying US equity market. read more