Top-News of the Week:
GoldMining completes Bellhaven acquisition and consolidation of its Columbian portfolio!
A few days ago, GoldMining Inc. reported, that it has completed the acquisition of Bellhaven.
Highlights:
- GoldMining consolidates leading gold-copper porphyry portfolio in the underexplored Mid Cauca Belt of Colombia, with the addition of La Mina to its existing asset base that includes the Titiribi gold-copper project and adjacent concession applications;
- GoldMiningꞌs Colombian portfolio now has total contained resources of 5.3 Moz gold (7.2 Moz gold equivalent) in the measured and indicated categories and 3.5 Moz gold (3.9 Moz gold equivalent) in the inferred category and includes over 10 gold-copper porphyry prospects for follow-up exploration;
- La Mina hosts the Middle Zone and La Cantera deposits, as well as several high-priority prospects including La Garrucha, El Limon, El Oso, Media Luna and Buenavista;
- La Mina pit-constrained resource totals 1.01 Moz gold equivalent grading 1.12 g/t gold equivalent in the indicated category and 0.43 Moz gold equivalent grading 1.07 g/t gold equivalent in the inferred category at a 0.25 g/t gold cut-off;
- La Garrucha aeromagnetic anomaly is substantially larger than those associated with either the La Cantera or Middle Zone deposits. The last drill hole completed at La Garrucha intersected 271 m grading 1.03 g/t gold and 0.13% copper;
- A total of 106 diamond drill holes in 36,815 m have been completed to date at La Mina;
- Bellhaven acquired for total consideration of 7,339,303 common shares of GoldMining, representing 5.8% dilution to existing GoldMining shareholders.
Market Watch:
Crude oil: OPEC is stumbling!
It is getting more and more obvious: The OPEC is heavily stumbling. Its own oil production brake is out of function, because some of its members have not to use it and are therefore increasing their production. Furthermore, it becomes more and more obvious, that the OPEC is dependent from Russia’s good conduct. If Russia doesn’t go along with it, it would be impossible for the OPEC to hold the crude price in its own desired price level of US$50 to 60. And even if this should work, the OPEC would have the US fracking industry as a new (old) competitor, which it already tried to shake off. Technical improvements are the reason for the fact, that crude production via fracking is now economical below a price of US$60 per barrel.
Gold: Now it’s getting interesting!
The gold price recently tried to do a comeback towards the mark of US$1,300 per ounce. Therewith, it is once more chart-technical situated right at the boundary of a possible outbreaking of the long-term downwards channel. Should this have success, the way towards US$1,400 per ounce would be free.
Fundamentally, there are a couple of positive signals from China and India. China showed some increasing gold buying of one third in the first quarter of 2017. The Indian gold imports have been triplicated in April 2017, in comparison with April 2016.
Last Friday, there was a very eye-catching jump of US$15 per ounce upwards! One could see a similar jump for silver, too! These kinds of jumps were the norm within the last few years, but downwards, not upwards! So, it seems, that something is concocting at both gold and silver!
Video: Gold in 2017
Company News:
EnWave receives new purchase order and announces quarterly results
A couple of days ago, EnWave reported, that it has received a purchase order from Agricola Industrial La Lydia SA for a second small-scale commercial Radiant Energy Vacuum (“REV™”) machine to double their production capacity in the near term for tropical fruit and cheese snack products in Costa Rica. This second REV™ machine is expected to be commissioned at La Lydia’s facility in July 2017. The current license agreement granted to La Lydia provides exclusivity for processing in a territory consisting of Costa Rica, Nicaragua, Honduras, Panama, El Salvador, the Dominican Republic, Belize and Guatemala for a number of fruit, vegetable and cheese products. The exclusivity granted under the License Agreement is subject to La Lydia submitting a future purchase order for large-scale commercial REVTM machinery and minimum annual royalty payments to EnWave.
Furthermore, the company reported its consolidated interim financial results for the second quarter ended March 31, 2017. The Company reported consolidated revenue of CA$4,183,000, and a consolidated net loss of CA$779,000 for the second quarter of fiscal year 2017. Non-cash items included in the consolidated net loss were CA$339,000 of stock based compensation expense and CA$220,000 of amortization expense related to intangible assets.
Significant achievements in the second quarter included:
- Receiving a purchase order for a 100kW nutraREV® machine from Ereğli Agrosan;
- Signing a royalty-bearing Commercial License Agreement with Van Dyk Specialty Products and receiving a purchase order for a 60kW nutraREV® machine;
- Receiving a purchase order for a third small-scale REVTM machine from Natural Nutrition;
- Receiving a purchase order for a second small-scale REVTM machine from La Lydia;
- Signing a royalty-bearing Commercial License Agreement with Ashgrove Cheese Pty Ltd. and receiving a purchase order for a small-scale REVTM machine for placement in Australia;
- Signing a royalty-bearing Commercial License Agreement with Bare Foods Co., a leading American snack producer;
- Signing Technology Evaluation and License Option Agreements with two new prospective royalty partners to evaluate the use of EnWave’s REVTM dehydration technology;
- Advancing the design and fabrication of REV™ machines for two pharmaceutical partners.
Treasury Metals: High course aims are coming!
Caledonia Mining: Largest shareholder and directors are increasing their interest! – What’s going on?
A short time ago, Caledonia Mining received a similar sign of confidence. The Company’s largest significant shareholder Allan Gray Proprietary Limited has increased its interest to 9,456,200 common shares representing 17.91% of the common shares in issue. Allan Gray is one of South Africa’s largest institutional fund managers.
In addition to this, several directors of the company also increased their holdings.
Mark Learmonth, Chief Financial Officer and a Director of the Company has purchased a total of 14,280 shares in the Company at a price of £0.97 per share. Following this transaction Mr Learmonth owns 339,030 shares in the Company.
Leigh Wilson, Chairman and a Director of the Company, has purchased a total of 25,000 shares in the Company at an approximate average price of US$1.23 per share. Following this transaction Mr Wilson owns 240,000 shares in the Company.
Steven Curtis, Chief Executive Officer and a Director of the Company, has purchased a total of 26,500 shares in the Company at a price of £0.99 per share. Following this transaction Mr Curtis owns 446,500 shares in the Company.
This accumulation of insider buying is a little bit unusual. Therefore, we wouldn’t wonder if there may come some good company news afterwards.
News: Notification of holding in the Company
News: Purchase by a director
News: Purchase by a director
News: Purchase by a directorEight Capital was recently initiating its research coverage with BUY recommendations on Ascendant Resources. The research house sees a course aim of CA$1.30 and justifies this as Ascendant is optimizing its El Mochito mine and will aggressively explore to both identify higher-grade 'chimney' structures and extend mine life. Furthermore, Eight Capital says, that the Zinc market has tightened significantly over the last several years, with strong consumption growth well timed with the closure of significant mine capacity attributable to both end-of-mine life and producer discipline.
News: Get Your Zinc On! 8 Capital Research with buy recommendation for Ascendant Resources
Video: Zinc Is Going Into Supply Deficits
we recommend:
We kindly invite you to join our various other Social Media activities as well. Be the first to get the most interesting news and watch videos on our official Youtube channel, or be part of our Facebook family. We are happy to enter into dialogue with you.
|
|
