Shares in Canada's Nautilus Minerals (TSX:NUS), one of the world's first seafloor miners, climbed more than 10% on Monday as the company disclosed is negotiating the terms of an agreement with arm's length third parties that would involve the creation of a joint venture company.The purpose of the new firm, Nautilus said, would be to fund the acquisition of the Production Support Vessel (PSV) that...Read More
Mr. Jeff Chisholm reportsPAN ORIENT ENERGY CORP. L53-DD2 OIL APPRAISAL - 658 BOPD Pan Orient Energy Corp.'s L53-DD2 appraisal well is on a 90-day production test and currently producing at a steady state of approximately 659 barrels per day (b/d) of 23.9-degree API oil with a basic sediment and water (BS&W) of 1.47 per cent from the "EE sand" through 6.4 metres of perforations between the dept...Read More
Mr. Jeff Chisholm reportsPAN ORIENT ENERGY CORP. L53-DD2 OIL APPRAISAL - 658 BOPD Pan Orient Energy Corp.'s L53-DD2 appraisal well is on a 90-day production test and currently producing at a steady state of approximately 659 barrels per day (b/d) of 23.9-degree API oil with a basic sediment and water (BS&W) of 1.47 per cent from the "EE sand" through 6.4 metres of perforations between the dept...Read More
The brokerage firm thinks the Dow stock can soar 20%The shares of Caterpillar Inc. (NYSE:CAT) have shot up 4.6% to trade at $141.95, after BofA-Merrill Lynch upgraded the construction stock to "buy" from "neutral," and raised its price target to $163 from $140 -- a 20% premium to last Friday's close at $135.67. The analyst in coverage pointed to Fed Chair Jerome Powell's relatively dovish tone on...Read More
KINSHASA - Congo's Gecamines said on Monday it had signed a production-sharing deal for copper and cobalt deposits with HongKong Excellen Mining, which will pay a $40 million signing bonus.Democratic Republic of Congo is Africa's top copper producer and the leading miner of cobalt, which is used for electric car batteries, but remains one of the world's poorest countries.Congo's state mining compa...Read More
KINSHASA - Congo's Gecamines said on Monday it had signed a production-sharing deal for copper and cobalt deposits with HongKong Excellen Mining, which will pay a $40 million signing bonus.Democratic Republic of Congo is Africa's top copper producer and the leading miner of cobalt, which is used for electric car batteries, but remains one of the world's poorest countries.Congo's state mining compa...Read More
D.A. Davidson upgraded the shares to "buy"The shares of Roku Inc (NASDAQ:ROKU) are up 5.9% in electronic trading, after D.A. Davidson upgraded the streaming name to "buy" from "neutral." The analyst in coverage cited the recent U.S.-China trade truce, noting that it "alleviates (but does not eliminate) a significant near-term risk," considering Roku manufactures in China. In addition, the broke...Read More
POTUS suggested Beijing is prepared to lower its auto import taxIt's set to be a big day on Wall Street, as traders cheer an apparent breakthrough in trade relations between Washington and Beijing. Following a highly anticipated meeting between U.S. President Donald Trump and Chinese President Xi Jinping at the G-20 summit over the weekend, reports indicate the leaders have agreed to a 90-day "cea...Read More
Mr.Dan Stuart reportsJUGGERNAUT COMPLETES $1,677,000 FINANCINGJuggernaut Exploration Ltd.'snon-brokered private placement of $1.65-million announced on Nov. 27, 2018, has been increased and closed at $1,677,800 subject to acceptance by the TSX Venture Exchange. Due to strong demand from institutions and accredited investors alike in the Americas and Europe, management is arranging a second-tranche...Read More
Mr.Dan Stuart reportsJUGGERNAUT COMPLETES $1,677,000 FINANCINGJuggernaut Exploration Ltd.'snon-brokered private placement of $1.65-million announced on Nov. 27, 2018, has been increased and closed at $1,677,800 subject to acceptance by the TSX Venture Exchange. Due to strong demand from institutions and accredited investors alike in the Americas and Europe, management is arranging a second-tranche...Read More
The stock market "secret" no one is talking about.The world's richest investors have been using this simple "trick" to build massive fortunes for decades.They've done everything in their power to hide the truth from individual investors. In the process they've created a totally uneven playing field... where most of the players don't even know the rules of the game.This lack of fairness is one of...Read More
How you can transform lagging indicators into leading indicators. From Bollinger bands to momentum oscillators, technical indicators have been at the forefront of the trading world's constant need to stay ahead of the curve since the first exchange opened its door over 200 years ago.After all, every trader is always looking for an edge... Some way to predict what will happen next... And hopefully...Read More
Risk-takers might be ready to bet on an imminent market rally, at least through the mid-December Fed meeting"The SPX closed below its 80-week moving average on Friday, currently situated at 2,660... Unless the SPX immediately recovers from this technical breakdown before the end of the month, risks have grown substantially for weakness over the next few months, or even a transition into a bear-mar...Read More
Short-term headwinds remain, but gold's interim prospects are better.Falling Treasury yields bode well for gold demand.Gold is also getting some institutional and central bank support.Although gold still faces strong short-term obstacles in the form of a strong dollar and a weak crude oil price, the prospects for an intermediate-term turnaround are still strong. Along with diminishing competit...Read More
A number of large shareholders have confirmed to Paulson that they are voting for wholesale change Shareholders urged to vote using only the GOLD proxy and submit prior to 5:00 p.m. (Toronto time) on Thursday, December 6, 2018 NEW YORK, Dec. 03, 2018 (GLOBE NEWSWIRE) -- Paulson & Co. Inc. ("Paulson"), one of the largest, long-term shareholders in Detour Gold Corporation (DGC) (&quo...Read More
• USD weakens across the board on US-China trade truce and helped regain traction. • Bullish traders seemed rather unaffected by a fresh wave of the global risk-on trade. • Fed rate hike expectations fail to hinder the momentum ahead of US data/Fedspeaks. Gold regained positive traction at the start of a new trading week and cli...Read More
Following the completion of its 2018 resource expansion drilling program, Fiore Gold (TSXV: F) announced today that it has updated the resource estimate for its Pan open pit mine in White Pine County, Nevada.The updated resource estimate includes Measured and Indicated (M+I) resources of 27.6 million tonnes grading 0.49 g/t containing 432,000 ounces of gold and Inferred Resources of 7.6 million to...Read More
Following the completion of its 2018 resource expansion drilling program, Fiore Gold (TSXV: F) announced today that it has updated the resource estimate for its Pan open pit mine in White Pine County, Nevada.The updated resource estimate includes Measured and Indicated (M+I) resources of 27.6 million tonnes grading 0.49 g/t containing 432,000 ounces of gold and Inferred Resources of 7.6 million to...Read More
Following the completion of its 2018 resource expansion drilling program, Fiore Gold (TSXV: F) announced today that it has updated the resource estimate for its Pan open pit mine in White Pine County, Nevada.The updated resource estimate includes Measured and Indicated (M+I) resources of 27.6 million tonnes grading 0.49 g/t containing 432,000 ounces of gold and Inferred Resources of 7.6 million to...Read More
North Vancouver/Stockholm-based Boreal Metals (TSXV:BMX) announced today it has completed seven diamond drill holes totalling 951 metres of exploratory diamond drill program at its Burfjord copper-gold project in Norway. In a press release, the miner said that assay results are expected in the coming weeks. The Burfjord project is comprised of six exploration licenses totaling 5,500 hectares near...Read More