NPVs Revisited – Spikes and Weasel Words (Oxford’s definition of the latter: “an informal term for words and phrases aimed at creating an impression that a specific and/or meaningful statement has been made, when only a vague or ambiguous claim has been communicated.” Alternatively, Rationalawiki’s definition is “words or phrases used in an ambiguous manner…
I discuss Asiamet Resources (ARS), Solomon Gold (SOLG), and Kefi Minerals (KEFI)… Share Spikes? Don’t get Skewered Share spikes! They happen all the time, especially among small caps and miners. The first thing to say is that practically no-one ever gets out at the top. Generally only a very few trades (spurred by the foolish…
With a £2.5bn programme to built its potash (strictly – polyhalite) mine in Yorkshire, Sirius Minerals (AIM:SSX) plans to become by 2022 the largest operating underground mine in Britain, if not in the British Isles. Promising also to be one the cheapest suppliers of a unique multi-nutrient fertiliser to a hungry world agricultural market for…
“…one particular world-renowned expert on such porphyries believes Cascabel (Solgold’s 86% owned flagship copper-gold project in Ecuador) could be perhaps THE biggest new such discovery in the world, let alone in the Andes.” When faced with such a comment you can either pass it by or you can pause to take a look. But you…
The resurgence in gold has been remarkable. Since its gloomy low less than three months ago it has risen by more than 20% and, despite a recent recovery in equities spurred by a single economic indicator suggesting the US economy is not as bad as everyone thought, is still forging upwards. So much so that…
The Saudis are breathing a sigh of relief, as their oil exports are now valued 45% higher than they were earlier in the year. That is a sentiment no doubt shared by commodities exporters, as iron ore, copper, gold, and many other raw materials experienced two-digit appreciations over the last four weeks. But with the…
Just another tale of mining woe – or an investors’ opportunity? ‘The Theory’, of course, is that as a miner approaches production, with all initial spending nearly over and cash generation in view, investors will be taking note and pushing the shares up. Not down, as in the case of Aureus Mining (AUE)! So how…
Well it certainly won’t float those with a hole in their hull. And many captains (and their backers) will wait to ensure they’re catching the flow and not the ebb tide. So today I canter through those goldies we’ve already explored and some we haven’t and, along with many mixed metaphors, bring up to date…
Rio Tinto mining at 1,705p, after publication of the annual figures for the year to December 31st 2015. The final dividend was maintained but a more pragmatic earnings related dividend policy – with a minimum dividend guarantee – comes in, putting a floor under the share price. The shares are lowly valued and therefore look…
The Holy Grail of the junior mining sector is a miner still cheap but soon to generate the large cash inflow to justify the investment that bankers (and shareholders) will have put up to get it going. With this in mind, investors might be puzzled as to why Kefi Minerals’ (KEFI) shares show no signs…
