Vancouver-based Nevsun Resources Ltd. says it has reached an agreement to be acquired by a Chinese firm for $1.86 billion.In a news release Wednesday morning, Nevsun says Zijin Mining Group Co. Ltd. will acquire all of its issued and outstanding shares at $6 per share in cash.It says details of the offer will be included in a circular that Zijin will send to Nevsun shareholders in the coming days....Read More
Elon Musk hasn't been a pillar of stability lately for Tesla shareholders.As his antics both off- and online reached a feverish pitch in 2018, so did the concerns over his company's future. His increasingly erratic behavior didn't do his holders any favors.Yet his tweets took a toll on more than just Tesla's market cap.Cobalt investors across the world winced after Musk took a huge shot at the com...Read More
Fundamental DevelopmentsLast week the price of gold fell three bucks, and that of silver fell a quarter of a buck. But let us take a look at the supply and demand fundamentals of both metals. Also, we have an interesting development in the gold-silver ratio, a topic we have not addressed in a while.First, here is the chart of the prices of gold and silver. Gold and silver priced in USD Next, thi...Read More
Nevsun Resources (TSX: NSU; NYSE: NSU) has agreed to Zijin Mining's (HGK: 2899) friendly take-over bid which values Nevsun at $6 per share or $1.86 billion. Nevsun shares jumped nearly a dollar on the news and now sit at $5.80 per share.The news comes nearly a month after Nevsun's board of directors recommended shareholders reject a take-over bid from Lundin Mining (TSX: LUN) that valued Nevsun at...Read More
Well, I guess you could say the writing was on the wall with this one — Nevsun (NSU) just recently received an all-cash takeover offer from Zijin Mining at C$6.00/share, valuing the company at C$1.86 billion ($1.41 billion).Coincidentally enough, for anyone who has read my latest eBook, Mining Stocks – Investing In A Bear Market, you’ll know that at the top of my list of things...Read More
I almost didn't get a chance to write you today.It seems everyone comes back from vacation all at once. The inbox fills up. And deals start flowing.One of my recommended companies received a "white knight" takeover bid just this morning, and I spent some of the morning reviewing the details and deciding what to do.The company was Nevsun Resources (NYSE: NSU)(TSX: NSU).I've been recommending reader...Read More
Some automakers in China are alarmed by proposed government restrictions on investing in new manufacturing capacity and the ways in which Beijing is trying to trigger consolidation of the country's flabby auto industry through mergers and strategic cooperation.Read full newsRead More
Volkswagen hiked the number of passenger cars registered for road use with the authorities by 46.2 percent in Germany last month, lifting German passenger car registrations by 24.7 percent in August, statistics from the KBA German vehicle authority showed.Read full newsRead More
CloseGain/LossGold $1193.40-$5.70Silver$14.16-$0.35XAU63.43-4.25%HUI137.32-4.13%GDM503.99-2.70%JSE Gold1009.24+6.23USD95.40+0.31Euro115.88-0.18Yen89.79-0.30Oil$69.87+$0.0710-Year2.892%+0.030T-Bond144.03125-0.65625Dow25952.48-0.05%Nasdaq8091.25-0.23%S&P2896.72-0.17% The Metals: Gold traded mostly slightly higher in holiday-thinned trade yesterday before it chopped down to as low as $1189.80...Read More
by Mark Hulbert of MarketwatchIf you listen closely, you'll hear gold investors whispering that "it's an ill wind that blows no good." That's because, while September may be the worst month of the calendar for stocks, it's the best month for gold.Since it began trading freely in the U.S. in the early 1970s, gold bullion has produced an average gain of 2.1% in September. The comparable monthly av...Read More
Physical demand for gold and silver was there in India and Asia yesterday and should continue for the rest of the week. There has been a very sharp reversal in prices of gold and silver (from the August lows) in Asia due to a very weak currencies. Trend reversal always attract short term traders and long term investors alike. Economics & Trump trade warsThe US induced trade war and its impact...Read More
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Pacton Gold (TSXV:PAC; US:PACXF) (the "Company" or "Pacton") is pleased to announce the commencement of field activities on its large gold property portfolio in the Pilbara craton.Read full newsRead More
Amazon reached this milestone almost exactly one month after Apple. Next up - Microsoft or Alphabet?Read full newsRead More
"GLG Life Tech (@GLGLifeTech) (TSX: $GLG)Announces Entry into the Cannabis ( #CBD ) Market and Signed Acquisition Agreement with Leading Chinese CBD Partner [https://t.co/mEEynx8r7F]#POTstocks #investing #stocks #stockmarket #trading #investors #capitalmarkets #news #business"Read full newsRead More
Oversupply in China has seen lithium prices drop precipitously this year with carbonate now selling for nearly half than during the first quarter.The Benchmark Mineral Intelligence price assessment released today shows domestic Chinese lithium carbonate of battery grade falling to an average $13,000 per tonne in August, down 47% on the first quarter and at levels last seen in 2015.Benchmark antici...Read More
Oversupply in China has seen lithium prices drop precipitously this year with carbonate now selling for nearly half than during the first quarter.The Benchmark Mineral Intelligence price assessment released today shows domestic Chinese lithium carbonate of battery grade falling to an average $13,000 per tonne in August, down 47% on the first quarter and at levels last seen in 2015.Benchmark antici...Read More