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Company Updates From Management – Mon 23 Apr, 2018

Anaconda Mining – Further Insights Into The Recent High Grade Goldboro Drill Results Dustin Angelo, President and CEO of Anaconda Mining has been on the show a lot recently. We have discussed the Maritime takeover bid (check out the link below to a recent video on this topic) and the Q1 production numbers but most recently there were some drill results from the Goldboro Project. In this interview Dustin and I focus much more on the high grade drill results from Goldboro. Listen in to understand what this means moving forward for the Company. Download audio file (2018_04_23-Dustin-Angelo.mp3) Here is the cross section to note from recent drilling. …read more Source:: The Korelin Economics Report The post Company Updates From Management – Mon 23 Apr, 2018 appeared first on Junior Mining Analyst. … Continue reading

Commodities Are Flashing a Once-in-a-Generation Buy Signal

Since the commodities supercycle began unwinding 10 years ago, many investors have been waiting for the right conditions to trigger mean reversion and lift prices. I believe those conditions are either firmly in place right now or, at the very least, in their early stages. Among them are factors I’ve discussed at length elsewhere—a weaker U.S. dollar, a steadily flattening yield curve, heightened market volatility, overvalued U.S. stocks, expectations of higher inflation, trade war jitters, geopolitical risks and more. In addition, nearly 60 percent of money managers surveyed by Bank of America Merrill Lynch believe 2018 could be the peak year for stocks. A recent J.P. Morgan survey found that three-quarters of ultra-high net worth individuals forecast a U.S. recession in the next two years. All of this makes the investment case for commodities, gold, and energy more compelling than at any other time in recent memory. Exhibit A is … Continue reading

Randgold expects Kibali gold output to rise thanks to automation

Africa-focused gold producer Randgold Resources (LON:RSS) said Monday it its Democratic Republic of the Congo mine to achieve full production guidance this year, following the commissioning of its underground operation’s automated material handling system. The company, which has five operating gold mines across west and central Africa, said Kibali is expected to generate 730,000 ounces of gold this year, representing a 22% increase on 2017’s output of 596,225 ounces. Making of Kibali one of Africa’s most automated gold mines cost Randgold over $2.7 billion. Making of Kibali one of Africa’s most automated gold mines came with a price tag of more than $2.7 billion, the company said, adding that with the project now completed, the operation would move from underground mining by contractors to owner-mining. The investment in Kibali was motivated by the stability provision in the 2002 mining code, which in our view has been triggered by the recent … Continue reading

Chris Temple from The National Investor – Mon 23 Apr, 2018

The Dollar Rally may accelerate now Cory and Chris discuss the early week market action; most notably, interest rates and the accelerating rally in the U.S. Dollar Index. Especially with signs of the opposite attitude from the central banks of both Europe and Japan again, the Fed’s hawkishness may put more steam back into the dollar than investors expect. Chris discusses the ways in which the present bogging-down in the markets is similar to 1994; and also the risks it could be more like 2007. jQuery(document).ready(function($) { $(‘#wp_mep_1′).mediaelementplayer({ m:1 ,features: [‘playpause’,’current’,’progress’,’duration’,’volume’,’tracks’,’fullscreen’] ,audioWidth:400,audioHeight:30 }); }); …read more Source:: The Korelin Economics Report The post Chris Temple from The National Investor – Mon 23 Apr, 2018 appeared first on Junior Mining Analyst. … Continue reading

Gemfields talks up ‘responsibility’ amid lawsuit over alleged human rights abuses

Precious gemstones miner Gemfields is stepping up efforts to increase transparency across the entire supply chain amid fresh allegations of human rights abuses at its Montepuez ruby mine in Mozambique, which has cost it a lawsuit filed last week in London’s High Court. Leigh Day, the London-based law firm representing over 100 locals, said security forces employed by the miner — which describes itself as “a leading supplier of responsibly sourced coloured gemstones” — shot, beat and subjected to humiliating treatment and sexual abuse to its clients. It also said the claimants, which include family members representing four people who were killed, were unlawfully detained and forced to carry out menial labour. The world’s top coloured gems producer is adopting a new technology to further drive transparency in the sector. Together with denying such accusations, Gemfields, which publicly opposes to any form of violence or abuse, is trying hard to … Continue reading

Company Updates From Management – Mon 23 Apr, 2018

Awale Resources – Drilling Underway At Bondoukou – Here’s The Strategy On the back of permitting news from Awale Resources on it’s other Ivory Coast projects the Company is back drilling its more advanced Bondoukou Project. The drilling taking place is a combination of diamond drilling and auger drilling to both follow up on recent results and isolate new targets over a 25km strike length. Awale President and CEO Glen Parsons joins me to further detail the drill program and overall goals. Download audio file (2018_04_23-Glen-Parsons-Awale.mp3) Click here to visit the Awale website for more information. …read more Source:: The Korelin Economics Report The post Company Updates From Management – Mon 23 Apr, 2018 appeared first on Junior Mining Analyst. … Continue reading

Texas Panhandle Oil Stock at ‘Great Entry Point’

Source: Clive Maund for Streetwise Reports 04/23/2018 With the price of oil continuing to rise, technical analyst Clive Maund charts a company that he believes is in position to benefit. Molori Energy Inc. (MOL:TSX.V; MOLOF:OTCQB) retreated a little further than we expected when we bought it back early in March at C$0.28, as it dropped back to a low at C$0.25, but, as they say, nothing is broken, and now, with it at the same price we bought it at then, it continues to be rated a strong buy here, and it looks even more attractive as oil is continuing to advance, which is believed to be due to the increasing shortfall resulting from Venezuela becoming defunct. On the 3-year chart is continues to look like a large Cup & Handle base is completing in Molori, with the further dip of recent weeks making the lower boundary of the Handle … Continue reading

Urban Mining Twins Update

Source: Clive Maund for Streetwise Reports 04/23/2018 Technical analyst Clive Maund discusses two companies that have developed a process to extract minerals from E-waste. On 15th March it was decided it was best to step aside from Enviroleach Technologies Inc. (ETI:CSE) and Mineworx Technologies Ltd. (MWX:TSX.V; MWXRF:OTCQB), because it looked like the correction that was already well underway by then would continue and result in us being able to buy them back at a better price. This has since proved to be the case, although we are “slow off the mark” with Enviroleach, which could have been bought back late in March at a very good price just above C$1.00. Nevertheless they are looking very good again now, for the reasons we will briefly look at. There is no reason to talk about the positive fundamentals of these stocks because they were discussed earlier. Starting with Enviroleach, an 11-month chart … Continue reading

Diamond Stock Set to Put in a Sparkling Performance

Source: Clive Maund for Streetwise Reports 04/23/2018 Technical analyst Clive Maund charts a diamond company that he rates a strong speculative buy. If you are a speculator or trader who doesn’t like to wait weeks or months for an investment to pay off and wants to see results within days or even hours, this one is for you. Lithoquest Diamonds Inc. (LDI:TSX.V) blasted higher around the start of the month with a gap move on massive volume, due to news of a discovery, as we can see on its latest 6-month chart below, and after continuing higher for a few days to become extremely overbought short-term, the usual reaction set in, which brought it back towards what is now strong support in the C$0.44–C$0.47 zone. This reaction has the classic signature of a countertrend reaction in a fast moving market, as it has been accompanied by a rapid die back … Continue reading