Showing posts with label Barrick Gold. Show all posts
Showing posts with label Barrick Gold. Show all posts
Monday, August 17, 2015
Thursday, August 13, 2015
Monday, August 03, 2015
Sunday, August 02, 2015
Tuesday, July 08, 2014
Toby Connor: Gold Charts - Just To Keep Your Spirit High! $GLD $GDX $TNR.v $MUX $ABX
Dedicated to the All Gold Bugs. The less of us left - the closer to this picture we are getting ...
Mining M&A: China's Top Gold Firm Talking To Barrick And Friedland As Copper Rallies.
Gold Sents:
Charts Of The Day.
Friday, July 04, 2014
TNR Gold & McEwen Mining Copper M&A: Lumina Copper Hits CAD10.36 - Is Another Bid Coming For Taca Taca Now? $TNR.v $MUX $LCC.v
All slides in this part of the post are from McEwen Mining presentations.
We have only one question and concern, as you know. Why McEwen Mining is not properly working with Los Azules Copper project now? It is the world-class asset and "One of The World's Largest Copper Projects" according to Rob, why there is no appropriate marketing of it? Its proper sale will solve all capital problems which McEwen Mining is facing now in order to grow further.
We all have noticed the change in the company's goal - now S&P 500 target is not possible by 2015, but it is the great company with the great leadership, why Los Azules Copper has not being promoted properly so far?
TNR Gold is moving forward with its Los Azules Copper Back-In Right asset and nobody is going to sell it cheap as it looks like now, so why is McEwen Mining not using the better climate in Argentina and rising Copper prices to tell its story?
The irony is here that: "soft Gold and Silver prices are due to the economic recovery" - what can be better hedge from "such an adversary" for the Gold Miner as Copper World-Class asset in this case? We would take it any day now as Chinese may one day.
Kirill Klip.:
Copper M&A: Lumina Copper Hits CAD10.36 - Is Another Bid Coming For Taca Taca Now?
"Please do not get very excited and read my legal disclaimer carefully, but as we have seen before this kind of price action in Lumina Copper case can tell us that something is going on. It can be the simple arbitrage play by the big guns, but the market cap of Lumina copper is already higher than the calculated at the announced acquisition price by First Quantum Minerals. The announced price was CAD 470 million. Lumina Copper has 46,978,235 Fully Diluted shares, price at CAD10.36 gives us already CAD 487 million! I do not think that it is bet on rising Copper price or rising First Quantum share price - you can more safely buy the First Quantum shares in that case. Somebody thinks that Taca Taca can be worth more...
Let's see what the next couple of weeks will bring us here. I will repost my yesterday's entry and you will appreciate later why it is important. Now Los Azules Copper will be making its rounds in the industry.
Mining M&A: China's Top Gold Firm Talking To Barrick And Friedland As Copper Rallies.
As we have discussed before, we have really Hot Winter In Argentina for mining M&A. Now Frik Els confirms "China's Top Gold Firm Talking to Barrick Gold, Has Friedland "hotline":
"China's largest gold mining company, China National Gold, is officially setting up shop in junior mining hub Vancouver this week as part of a push into new markets and its global acquisition strategy.President Xin Song told the Wall Street Journal ahead of Wednesday's event, the Beijing-based firm is on the hunt for global acquisitions and partnerships in gold, silver and copper:"The growing strategy is very clear, we are going out looking at things globally. On our hands we have a few opportunities, at different stages."Song, who also chairs the China Gold Association, has not ruled out acquisitions in developed countries, such as Canada, Australia and the US, but the main focus of its expansion strategy is assets in the region including in Mongolia, Russia and countries in central Asia.Investments in "politically stable" countries in Latin America and Africa are also being considered Song said. Mining.com"
TNR Gold: Shotgun Gold Project - Why Do We Need New Gold Deposits?
"We are working on the corporate structure now, which will allow to develop Shotgun Gold with the potential new strategic partner on J/V basis like we are doing with Ganfeng Lithium in International Lithium. You can find more information in the Shotgun Gold Project presentation below, on our website and give us a call to discuss it at any time. Read more."
Gold smells Inflation and is moving higher these days, Chinese quest for resources will bring new deals into the mining M&A space and projects like Shotgun Gold will be on the radar screens of investors again.
Now Copper is making headlines as well and Wall Street Journal reports "Copper Prices Seen Marching Higher":
"Some investors are turning bullish on copper prices, brushing aside concerns sparked by a probe into the metal's place in China's financial system. Instead, these investors are focusing on a rebound in manufacturing world-wide, which they expect will boost copper demand broadly. Increasing consumption by factories will offset any decline in the use of copper as collateral to back loans as a result of the probe, these investors say. China is the world's biggest copper consumer and importer, though how much of the metal goes to manufacturers is unclear. WSJ."
As you already know, my personal take on the Missing Collateral in China is Bullish for the metals:
Bullish For Metals?! Missing Collateral in China, Follow The Trail of Loans, Copper and Fraud.
"In my personal opinion, we are witnessing the same game of the rehypothecation as it is happening with FED, BIS, Investment Banks and Gold. This, actually missing metal as collateral, will be the very bullish set up for the commodities markets. After initial selling due to the margin calls and unwinding of Paper Positions in the market, Mr Market will realise that all these metal accounted for the supply and demand picture is NOT there. Industrial demand will stay in place, but Supply which was supposed to be hoarded in the warehouses is missing: the collateral was used a few times for the different transactions. Read More."
TNR Gold Los Azules Copper: Chinese M&A - Watch Out For Las Bambas Effect.
"Frik Els provides a very good insight into the Chinese deal culture and mining M&A particularly. Las Bambas deal is not only the very good indicator of the turning mining cycle, but also provides guidance for the smaller companies in China to go on The Hunt For Copper and other commodities. You can witness this approach in our particular case of Strategic Commodities with International Lithium and Ganfeng Lithium as well. Read more."
TNR Gold: Los Azules Copper And M&A in Argentina - First Quantum Minerals to Acquire Lumina Copper For $470 Million.
Please Note our Legal Disclaimer on the Blog, including, but Not limited to:
There are NO Qualified Persons among the authors of this blog as it is defined by NI 43-101, we were NOT able to verify and check any provided information in the articles, news releases or on the links embedded on this blog; you must NOT rely in any sense on any of this information in order to make any resource or value calculation, or attribute any particular value or Price Target to any discussed securities.
We Do Not own any content in the third parties' articles, news releases, videos or on the links embedded on this blog; any opinions - including, but not limited to the resource estimations, valuations, target prices and particular recommendations on any securities expressed there - are subject to the disclosure provided by those third parties and are NOT verified, approved or endorsed by the authors of this blog in any way.
Please, do not forget, that we own stocks we are writing about and have position in these companies. We are not providing any investment advice on this blog and there is no solicitation to buy or sell any particular company.
Friday, June 20, 2014
Aden Sisters: Gold Finally Bombed Out $TNR.v $MUX $GDX $NG $ABX $RGLD
After yesterday's huge run Gold is confirming the Head and Shoulder Bullish reversal. Weekly close above $1,317 will be very important.
Kirill Klip.:
"Gold and Silver are acting today like if the Chinese virus "Missing Collateral" has finally reached the London BOE vaults!"
TNR Gold: Shotgun Gold Project - Why Do We Need New Gold Deposits?
Kitco:
Gold Finally Bombed Out
Gold dropped sharply a couple of weeks ago. Many experts can’t explain why, but there are several reasons that make sense…
SAFE HAVEN?
First, gold entered a seasonally slow period. This could last for another month or so but seasonality alone doesn’t explain why the decline was so steep and sudden.
More impressive, gold’s safe haven appeal has diminished somewhat. Following the Ukraine elections, for instance, concerns eased. But with Iraq now heating up, gold could continue its current rebound rise.
THE TECHNICAL PICTURE
THE TECHNICAL PICTURE
Meanwhile, gold had strong support at $1280. This level had been tested several times but it clearly broke.
This means gold will probably continue to hold above the $1200 area. It also suggests gold could continue forming a head and shoulders bottom (see LS, H, RS on Chart 1).
Plus, there are growing signs indicating this could end up being the bottom for this decline, which has been in force since 2011- 12.
Looking at gold’s big picture since 1968, you’ll see what we mean.
Chart 2A shows that gold’s decline of the last few years looks small in the big picture, within the mega uptrending channel since 1968.
Note that gold has had two major bull markets, in the 1970s and in the 2000s.
The major rise in the ‘70s didn’t break its bull market red uptrend until 1984, several years after the peak in 1980.
The bull market red uptrend since 2001, however, is still intact. On a big picture basis, it’ll be important to see if this trend holds. That is, as long as gold stays above the lows of last year, at $1210, this trend will stay solid.
And according to gold’s leading long term indicator (B), it’s saying that gold remains at an extreme low area... In fact, this is the lowest it’s been since the 1980s.
Since these low areas tend to coincide with bottoms in the gold price, this tells us that gold is totally bombed out and the lows of last year are unlikely to be broken.
Since these low areas tend to coincide with bottoms in the gold price, this tells us that gold is totally bombed out and the lows of last year are unlikely to be broken.
This doesn’t mean gold will soar from here. Eventually yes, but for now we could see more backing and filling.
All things considered, it looks more like 2015 could be the year of a strong change to the upside.
DEFLATION GAINING MOMENTUM
One important reason why is because deflationary pressures have been intensifying.
Although there has been some improvement, global economies remain sluggish, despite massive stimulus efforts from the biggest central banks in the world.
This suggests that stimulus measures will likely continue in order to boost the global economies. And even though these measures may eventually cause inflation, the current economic sluggishness is stubborn and it’s feeding deflation.
Our inflation-deflation barometer is an indicator that measures rising inflation against falling deflation by using a ratio between gold and bonds.
Historically, gold has been used to measure inflation and bonds have measured deflation.
Chart 3 shows the ratio of the two since 2003. Notice the steady rise in gold (inflation) against bonds (deflation) through 2011. Moreover, after the 2011 peak in gold, bonds began to strengthen against gold and they’ve continued to be stronger since then.
In other words, we could still see bonds strengthen even more against gold in the months ahead. This would coincide with a sluggish economic outlook. But again, that may not be the case for long.
SILVER IS CHEAP
At the same time, silver is super cheap. It’s also cheap compared to most of the other markets.
Demand for silver is also very good. A recent report said that physical demand rose to a record last year.
This growing demand ties in well with the technical situation in silver. It too is bombed out and, like gold, it’ll likely head higher in the upcoming months.
Mary Anne & Pamela Aden
--
Mary Anne & Pamela Aden are well known analysts and editors of The Aden Forecast, a market newsletter providing specific forecasts and recommendations on gold, stocks, interest rates and the other major markets. For more information, go to www.adenforecast.com or www.goldchartsrus.net"
Mary Anne & Pamela Aden are well known analysts and editors of The Aden Forecast, a market newsletter providing specific forecasts and recommendations on gold, stocks, interest rates and the other major markets. For more information, go to www.adenforecast.com or www.goldchartsrus.net"
Tuesday, June 17, 2014
McEwen Mining And TNR Gold: Los Azules Copper And M&A in Argentina - Lumina Copper halted at open. $TNR.v $MUX $ABX $LCC.v
We have breaking news this morning:
Kirill Klip.:
TNR Gold Los Azules Copper And M&A in Argentina: Lumina Copper halted at open.
"I will be monitoring the developments today. Lumina Copper was hitting 52 week highs recently and maybe today we will have the better picture of what is really going on over there. I do hope that we all deserve the positive news. You can find more information on the Copper M&A landscape in Argentina on the links below.
Stockwatch:
"Lumina Copper halted at open2014-06-17 07:54 ET - Halt TradingLumina Copper Corp. has been halted at the open on June 17, 2014, at the request of the company, pending an announcement."
Hot Winter In Argentina: Copper M&A, TNR Gold Los Azules - Lumina Copper Hits 52 Weeks High
"It looks like we can have finally Hot Copper M&A winter in Argentina! Lumina Copper hit 52 week high at CAD7.47 yesterday rising from the recent Low by the end of March at CAD4.60. Please do not get too exited and rush with any decisions here. Yesterday's breakout was on a low volume, but volume was rising in the last few weeks. Read More."
TNR Gold Los Azules Copper M&A: Barrick Gold Strikes Deal With Pascua-Lama Mine Opponents
"We have another very important confirmation that Barrick Gold is very serious about the re-start of its huge Pascua Lama mine building on the boarder of Argentina and Chile. All recent activity makes me think that somebody is more than likely is ready to support Barrick in this project with the capital and maybe even part of the Chinese market demand. All these developments are very positive for mining in Argentina and Lumina Copper advance demonstrates what potential assets re-pricing does really mean in this market environment. Reuters reports: "Barrick Strikes Deal With Pascua-Lama Mine Opponents." Please carefully read my legal disclaimer and do not apply any of this information to any particular security or make any investment decisions. Now we have both of our valuation drives moving in the positive direction for TNR Gold: perception of political risk for mining in Argentina and copper prices reflecting Chinese PMI developments.
"May 28 (Reuters) - Canadian miner Barrick Gold has come to an initial agreement with local indigenous peoples in Chile who have opposed its stalled Pascua-Lama mine, taking a first step on what my be a long road to reactivating the project.
Barrick, the world's largest gold miner, halted the gold and copper project on the Chilean and Argentine border last year after investing $5 billion in it.Reuters."
The Art Of War For Resources: How China Fooled The World ... And Will Do It Again - "Surprise PMI Rise"
TNR Gold: Los Azules Copper Project In Argentina - Barrick Gold Seeks To Restart Pascua Lama.
"As you remember, Los Azules Copper project is located in San Juan province in Argentina. Barrick Gold's Huge Pascua Lama project is located in the same province on the boarder of Argentina and Chile. This ongoing development will be very positive for Argentina mining and Los Azules Copper project, providing the potential catalyst to TNR Gold.
"Copper M&A, Mining In Argentina And TNR Gold's Los Azules Copper Back-In Right.
Particularly important for Los Azules Copper Project are the efforts by the government of Argentina "to overturn Barrick Gold's Pascua Lama freeze in Chile." Both projects are located in the same San Juan province in Argentina which is considered to be one of the most mining friendly in the country. You can find more about our Los Azules Back-In Right in the presentation below and you can always contact us to discuss it."
"The sale of our Back-in Right will provide the necessary liquidity and catalyst to all of our group of companies. Rob McEwen has done a great job as Operator developing this project and now Los Azules is at the top of the list of the best copper projects in the world available for sale, according to PI Financial! I would recommend to contact Jim Mustard VP at PI Financial to get more information about Los Azules Copper project and our Back-In Right Asset. Read more."
Please Note our Legal Disclaimer on the Blog, including, but Not limited to:
There are NO Qualified Persons among the authors of this blog as it is defined by NI 43-101, we were NOT able to verify and check any provided information in the articles, news releases or on the links embedded on this blog; you must NOT rely in any sense on any of this information in order to make any resource or value calculation, or attribute any particular value or Price Target to any discussed securities.
We Do Not own any content in the third parties' articles, news releases, videos or on the links embedded on this blog; any opinions - including, but not limited to the resource estimations, valuations, target prices and particular recommendations on any securities expressed there - are subject to the disclosure provided by those third parties and are NOT verified, approved or endorsed by the authors of this blog in any way.
Please, do not forget, that we own stocks we are writing about and have position in these companies. We are not providing any investment advice on this blog and there is no solicitation to buy or sell any particular company.
Subscribe to:
Posts (Atom)