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.

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

Everything is bigger in Texas

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 the chart below, which I’ve shared before but recently updated with new data. Relative to equities, commodities are as cheap right now as they’ve been in decades. This is literally a once-in-a-generation opportunity that investors with a long-term view should seriously consider. For perspective, had you invested in a fund tracking the S&P GSCI or an equivalent commodities index in 2000, you would have seen a compound annual growth rate (CAGR) of around 10 percent for the next 10 years, according to Bloomberg data.

click to enlarge

We all know that past performance is no guarantee of future results, but it’s doubtful you’re going to get a clearer or resounding signal that now could be an ideal time to add to your commodities exposure. If you feel as if you’ve been stuck at a traffic light these past few years, just waiting to put your foot on the accelerator, you can breathe a sigh of relief because the light may have just turned green.

Goldman: Time to Overweight Commodities

I’m not alone in my bullishness. In a note last week, analysts at Goldman Sachs wrote that “the strategic case for owning commodities has rarely been stronger.” The bank recommends an overweight position, estimating that commodities will yield at least 10 percent over the next 12 months, with most of the gains being made by crude oil and aluminum.

Whereas crude traders are responding primarily to concerns that output could be disrupted by intensifying conflict in the Middle East, specifically oil producer Syria, aluminum prices have skyrocketed following the imposition of fresh U.S. sanctions against a number of Russian firms. Among them is United Company RUSAL, the world’s second-largest aluminum company, responsible for producing as much as 6 percent of global supply.

WTI Testing $70 Resistance

Since its low of …read more

Source:: Frank Talk

The post Commodities Are Flashing a Once-in-a-Generation Buy Signal appeared first on Junior Mining Analyst.

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 promulgation of the 2018 code,” Chief executive Mark Bristow said in the statement. “We trust we shall be able to reach consensus on this issue with the government, which we believe is critical to future investment in the country.”

Together with several other miners operating in the DRC, Randgold proposed last month that a sliding scale of royalty rates be linked to the prices of key commodities, copper, cobalt and gold.

While the company has yet to receive a response from the ministry of mines, it said Kibali remained committed to advancing the development of its remote region and continued to employ and train locals.

More than 90% of Kibali’s employees are Congolese nationals, and so far this year it has spent almost $50 million with local contractors, totalling $1.6 billion over the whole project period, Randgold said.

The post Randgold expects Kibali gold output to rise thanks to automation appeared first on MINING.com.

…read more

Source:: Infomine

The post Randgold expects Kibali gold output to rise thanks to automation appeared first on Junior Mining Analyst.

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.

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…read more

Source:: The Korelin Economics Report

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

Gemfields talks up ‘responsibility' as faces lawsuit over alleged human rights abuse

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 get some sparkles back into its name.

The UK miner, the world’s top coloured gems producer accounting for roughly a third of the global supply of emeralds and rubies, is adopting a new technology to further drive transparency in the gemstone industry.

“The coloured gemstone industry is ancient, and perhaps as a result, is often viewed as fragmented and opaque,” Jack Cunningham, Head of Sustainability at Gemfields, told MINING.com.

“Many individuals have benefited at the expense of others; with expert knowledge, the buyers and traders in particular were — and still are — in a very strong position to defend their positions in the industry without anyone, up or down the supply chain, being able to challenge them,” Cunningham said.

That’s why Gemfields is incorporating a synthetic nano-technology, which acts as “the DNA” of a stone, as it provides information on the location a particular emerald or ruby was mined, when and who the owner is.

Communities first

Gemfields is also working on other fronts to keep its corporate image clean. Before starting any full-scale mining operations, for instance, it engages with the relevant authorities to carry out environmental impact assessments and engages with the communities.

The miner claims its approach is based on balancing what it takes out with “the need and desire to put something back.”

Cunningham said the company, which owns the luxury Fabergé jewellery brand, is open about how much it invests in the communities near to its mines, disclosing the exact figures. “We also set aside a portion of our revenue exclusively for community investment and biodiversity protection, and this approach is replicated at each of our operations.”

Asked about how Gemfields measures success, the executive said the firm aims at to be recognised for its achievements on the ground — “number of children accessing primary education, patient visiting clinics, increased yields and income generated by the farmers and, of course, the number of local people we employ directly.”

Cunningham also noted that the salaries of Montepuez mine’s unionized workers are above the national and industry average. This year, the company expects to train about 600 community members to build a resettlement village for …read more

Source:: Infomine

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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

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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 in volume and a convergence of the price oscillations into an increasingly tight range—in other words it is a fine example of a bull Flag or Pennant within a powerful uptrend, which means it should lead to another sharp upleg very soon. Another bullish indication on this 6-month chart is that both of its volume indicators have remained elevated as the correction has occurred.

The 3-month chart enables us to see what is going on in a little more detail, and gives us an opportunity to append the RSI and MACD indicators to the chart. The former has already almost completely neutralized and while the latter, the MACD, has a long way to go before it has, its histogram has already corrected all the way back to the zero line and in a fast moving situation like this, that is enough to create the conditions for another upleg.

This bull market in Lithoquest began with a large gap on massive volume, and the rule is that the bigger the gap and the higher the volume, the more bullish it is. It is most unusual for a move like that to lead to a “flash in the pan” advance—normally it leads to a bull market that lasts for many months and sometimes years. This is another big reason why it is likely to advance from here.

Lithoquest is rated an immediate strong speculative buy, and risk may be limited by placing a stop below the apex of the outer Pennant—outer because a breakdown from the inner one would not spoil the pattern, and we can see that there is strong support at and above C$0.50. Lithoquest trades in hopelessly light volumes on the U.S. OTC market where for this reason it should be avoided. There are 45.9 million shares in issue.

Many years ago the Diamond Marketing Board or whatever they called themselves did an excellent job of connecting diamonds with the proposal of marriage, so that young men intent on this would scrape together their usually meager funds to buy a diamond engagement ring, which women have always had a marked tendency to keep if things didn’t turn out so well, and of course they may have been a driving force behind songs such as “Diamonds are a girl’s best friend.” There is just one problem with this video—the gender ratio is incorrect, instead of 10 men to 1 woman, it should be 10 women to 1 man.

Lithoquest Diamonds website.

Lithoquest Diamonds Inc., LDI.V, closed at C$0.59 on 20th April 18.

Clive Maund has been president of www.clivemaund.com, a successful resource sector website, since its inception in 2003. He has 30 years’ experience in technical analysis and has worked for banks, commodity brokers and stockbrokers in the City of London. He holds a Diploma in Technical Analysis from the UK Society of Technical Analysts.

Want to read more Gold Report articles like this? Sign up for our free e-newsletter, and you’ll learn when new articles have been published. To see a list of recent articles and interviews with industry analysts and commentators, visit our Streetwise Interviews page.

Disclosure:
1) Clive Maund: I, or members of my immediate household or family, own shares of the following companies mentioned in this article: None. I personally am, or members of my immediate household or family are, paid by the following companies mentioned in this article: None. My company has a financial relationship with the following companies mentioned in this article: None. CliveMaund.com disclosures below. I determined which companies would be included in this article based on my research and understanding of the sector.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: None. Click here for important disclosures about sponsor fees.
3) Statements and opinions expressed are the opinions of the author and not of Streetwise Reports or its officers. The author is wholly responsible for the validity of the statements. The author was not paid by Streetwise Reports for this article. Streetwise Reports was not paid by the author to publish or syndicate this article. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security. Streetwise Reports requires contributing authors to disclose any shareholdings in, or economic relationships with, companies that they write about. Streetwise Reports relies upon the authors to accurately provide this information and Streetwise Reports has no means of verifying its accuracy.
4) This article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports’ terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article, until one week after the publication of the interview or article. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Lithoquest Diamonds, a company mentioned in this article.

Charts provided by the author.

CliveMaund.com Disclosure:
The above represents the opinion and analysis of Mr Maund, based on data available to him, at the time of writing. Mr. Maund’s opinions are his own, and are not a recommendation or an offer to buy or sell securities. Mr. Maund is an independent analyst who receives no compensation of any kind from any groups, individuals or corporations mentioned in his reports. As trading and investing in any financial markets may involve serious risk of loss, Mr. Maund recommends that you consult with a qualified investment advisor, one licensed by appropriate regulatory agencies in your legal jurisdiction and do your own due diligence and research when making any kind of a transaction with financial ramifications. Although a qualified and experienced stock market analyst, Clive Maund is not a Registered Securities Advisor. Therefore Mr. Maund’s opinions on the market and stocks can only be construed as a solicitation to buy and sell securities when they are subject to the prior approval and endorsement of a Registered Securities Advisor operating in accordance with the appropriate regulations in your area of jurisdiction.

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 enables us to view the entire price track from last May–June, and to delineate its strong uptrend, which is believed to remain in force for good reason—because the volume pattern continues to be strongly bullish, which is why the Accum-Distrib line continues to make new highs. This is very bullish and points to a new upleg dead ahead, and in fact it has already started, even though the price has yet to break out of the corrective downtrend channel—it started right after what is believed to be the low for the correction late in March. Other bullish factors to observe are momentum (MACD) turning higher and the bullishly aligned moving averages.

The 6-month chart for Enviroleach enables us to see recent action in more detail, and in particular that Friday’s candlestick, because of its position, looks like a bull hammer, especially as most of the volume was upside volume, which is why the Accum line advanced further. This chart also makes direct comparison with the Mineworx chart lower down the page more easy, because it is for the same timeframe.

On the 6-month chart for Mineworx we see that we have a somewhat better entry point to buy back than with Enviroleach, because it is still not far above the low of its corrective downtrend. This is a good point to pick it up again, because it is just above a zone of support which itself is just above its rising 200-day moving average. Momentum (MACD) has just turned higher indicating that a new uptrend should now start, and we have a bullish volume pattern with recent light volume indicating that the correction is done and a strong Accum line making new highs, suggesting that another upleg is in the works.

Conclusion: it’s a good time to buy back both Enviroleach and Mineworx in the reasonable expectation of a new upleg getting underway soon, which should be sizeable and result in good gains.

Enviroleach Technologies website.

Enviroleach Technologies Inc, ETI. CSX, EVLLF on OTC, closed at C$1.54, $1.29 on 20th April 2018.

Mineworx Technologies website.

Mineworx Technologies Ltd, MWX.V, MWXRF on OTC, closed at C$0.19, $0.166 on 20th April 2018.

Clive Maund has been president of www.clivemaund.com, a successful resource sector website, since its inception in 2003. He has 30 years’ experience in technical analysis and has worked for banks, commodity brokers and stockbrokers in the City of London. He holds a Diploma in Technical Analysis from the UK Society of Technical Analysts.

Read what other experts are saying about:

Want to read more Gold Report articles like this? Sign up for our free e-newsletter, and you’ll learn when new articles have been published. To see a list of recent articles and interviews with industry analysts and commentators, visit our Streetwise Interviews page.

Disclosure:
1) Clive Maund: I, or members of my immediate household or family, own shares of the following companies mentioned in this article: None. I personally am, or members of my immediate household or family are, paid by the following companies mentioned in this article: None. My company has a financial relationship with the following companies mentioned in this article: None. CliveMaund.com disclosures below. I determined which companies would be included in this article based on my research and understanding of the sector.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: Mineworx. Click here for important disclosures about sponsor fees. As of the date of this article, an affiliate of Streetwise Reports has a consulting relationship with Mineworx and Enviroleach.
3) Statements and opinions expressed are the opinions of the author and not of Streetwise Reports or its officers. The author is wholly responsible for the validity of the statements. The author was not paid by Streetwise Reports for this article. Streetwise Reports was not paid by the author to publish or syndicate this article. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security. Streetwise Reports requires contributing authors to disclose any shareholdings in, or economic relationships with, companies that they write about. Streetwise Reports relies upon the authors to accurately provide this information and Streetwise Reports has no means of verifying its accuracy.
4) This article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports’ terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article, until one week after the publication of the interview or article. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Mineworx and Enviroleach, companies mentioned in this article.

Charts provided by the author.

CliveMaund.com Disclosure:
The above represents the opinion and analysis of Mr Maund, based on data available to him, at the time of writing. Mr. Maund’s opinions are his own, and are not a recommendation or an offer to buy or sell securities. Mr. Maund is an independent analyst who receives no compensation of any kind from any groups, individuals or corporations mentioned in his reports. As trading and investing in any financial markets may involve serious risk of loss, Mr. Maund recommends that you consult with a qualified investment advisor, one licensed by appropriate regulatory agencies in your legal jurisdiction and do your own due diligence and research when making any kind of a transaction with financial ramifications. Although a qualified and experienced stock market analyst, Clive Maund is not a Registered Securities Advisor. Therefore Mr. Maund’s opinions on the market and stocks can only be construed as a solicitation to buy and sell securities when they are subject to the prior approval and endorsement of a Registered Securities Advisor operating in accordance with the appropriate regulations in your area of jurisdiction.

( Companies Mentioned: ETI:CSE,
MWX:TSX.V; MWXRF:OTCQB,
)

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 of the pattern more horizontal. As we can see there is strong support down to about C$0.23, and a number of factors make it highly unlikely that this support will fail—on the contrary it should turn up and advance from here.

On the 6-month chart we can see the various reasons why Molori should advance from here. The first reason (not on this chart) is sector strength—the XOI oil index made new highs last week. The second is that it is oversold relative to its moving averages. The third is that its momentum trend (MACD) has turned higher, but by far the biggest reason is the bullish volume pattern that has driven the Accumulation line to new highs despite the price dropping so far this year. This is an indication that most of the volume by far is to the upside, which is bullish.


It is worth referring back to the March article to view the 12-year chart and see the very bullish looking Cup & Handle base forming at a low level in the context of prior price action, which saw it trading at much higher levels.

Molori Energy website.

Molori Energy Inc MOL.V, MOLOF on OTC, closed at C$0.28, $0.22 on 20th April 2018.

Clive Maund has been president of www.clivemaund.com, a successful resource sector website, since its inception in 2003. He has 30 years’ experience in technical analysis and has worked for banks, commodity brokers and stockbrokers in the City of London. He holds a Diploma in Technical Analysis from the UK Society of Technical Analysts.

Want to read more Energy Report articles like this? Sign up for our free e-newsletter, and you’ll learn when new articles have been published. To see a list of recent articles and interviews with industry analysts and commentators, visit our Streetwise Interviews page.

Disclosure:
1) Clive Maund: I, or members of my immediate household or family, own shares of the following companies mentioned in this article: None. I personally am, or members of my immediate household or family are, paid by the following companies mentioned in this article: None. My company has a financial relationship with the following companies mentioned in this article: None. CliveMaund.com disclosures below. I determined which companies would be included in this article based on my research and understanding of the sector.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: Molori Energy. Click here for important disclosures about sponsor fees. As of the date of this article, an affiliate of Streetwise Reports has a consulting relationship with Molori Energy.
3) Statements and opinions expressed are the opinions of the author and not of Streetwise Reports or its officers. The author is wholly responsible for the validity of the statements. The author was not paid by Streetwise Reports for this article. Streetwise Reports was not paid by the author to publish or syndicate this article. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security. Streetwise Reports requires contributing authors to disclose any shareholdings in, or economic relationships with, companies that they write about. Streetwise Reports relies upon the authors to accurately provide this information and Streetwise Reports has no means of verifying its accuracy.
4) This article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports’ terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article, until one week after the publication of the interview or article. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Molori Energy, a company mentioned in this article.

Charts provided by the author.

CliveMaund.com Disclosure:
The above represents the opinion and analysis of Mr Maund, based on data available to him, at the time of writing. Mr. Maund’s opinions are his own, and are not a recommendation or an offer to buy or sell securities. Mr. Maund is an independent analyst who receives no compensation of any kind from any groups, individuals or corporations mentioned in his reports. As trading and investing in any financial markets may involve serious risk of loss, Mr. Maund recommends that you consult with a qualified investment advisor, one licensed by appropriate regulatory agencies in your legal jurisdiction and do your own due diligence and research when making any kind of a transaction with financial ramifications. Although a qualified and experienced stock market analyst, Clive Maund is not a Registered Securities Advisor. Therefore Mr. Maund’s opinions on the market and stocks can only be construed as a solicitation to buy and sell securities when they are subject to the prior approval and endorsement of a Registered Securities Advisor operating in accordance with the appropriate regulations in your area of jurisdiction.

( Companies Mentioned: MOL:TSX.V; MOLOF:OTCQB,
)