WHAT exactly complete market capitulation looks like is a tough question to answer but clues can be seen in the treatment being savagely meted out to Gryphon Minerals (ASX: GRY).
A RAY of light for Sundance Resources, or just another false dawn? That’s the rhetorical question to be posed following International Mining and Infrastructure Corp’s (IMIC) attempted takeover of Afferro Mining, whose Nkout project is within 150km of Sundance’s Mbalam project.
Amara Mining has been given a solid thumbs-up from a London investment bank based on its organic growth profile, which it says comfortably outweighs the political risk concerns across the portfolio. Whether the market will agree with this assertion is questionable.
MORE “realistic” vendors are appearing in the current market malaise, according to Adrian Byass, whose company Plymouth Minerals this week cut a deal that takes it from rare earths in Greenland to copper in Zambia.
MARCH 22: IN THE fast moving world of markets and spivvy equity promotion, graphite might already seem a bit old hat, but in the real, modernising world, companies like Triton Minerals claim a long term structural increase in demand for the material will ensure those that have classy deposits of the stuff will well and truly prosper.
PROOF that stocks must do penance for perceived past sins can be seen in the case of Ampella Mining, which reported a solid resource update this week to an apparently completely uninterested market.
AT A time when the challenges in front of South African platinum producers are at a historic high, everything seems to be falling into place for AIM-listed junior, Jubilee Platinum. It’s a hard won result for a company that has prioritised business ahead of exploration alone.
EMERGING tin equity Kasbah Resources is hoping to have another win with recently found shallow mineralisation at its Acchmach project in Morocco, mineralisation that could prove very handy in the early months of the proposed underground mine.
LAST week’s revelation that close to a million ounces of gold had been swiped from the Avocet reserve base at its flagship Inata mine in Burkina Faso had a predictable effect on the junior’s share price. And while Avocet deserved some heat over the numbers, the relatively new chief executive should have been given more credit for his conservative approach.
COPPER miner and developer Mawson West had a bad year in 2012, meaning 2013 is a critical one. New managing director Bruce McFadzean’s word for the year is “delivery”.
DAVID Frances readily admits his eyes have a tendency to glaze over and his mind to start wandering when people talk about iron ore, with capex requirements often in the billions the cause of Frances’ disinclination. But in this case the ex-Mawson West executive sees a much simpler, far less capital-onerous opportunity.
ALL things being equal, Tiger Resources claims it won’t be making its way to the bank to access a $US80 million debt facility offered by South African bank Nedbank for the Kipoi copper project in the Democratic Republic of Congo. In other words, the company’s previously stated strategy remains intact – albeit with some handy insurance now in place.
THE prize for the brashest, jauntiest, hyperbole-laden presentation at the recent Mines and Money conference in London was a no-contest. Will Robert Friedland’s Ivanplats live up to the hype in 2013? We’ll find out soon enough, according to the man himself.
SOME of the numbers and dates possibly worth keeping in mind for those with (or considering) an investment interest in Nigerian iron ore-focused Energio (ASX: EIO) include 23, 28 and February-March 2013.
SHAREHOLDERS of Eritrean-focused potash hopeful South Boulder Mines (ASX: STB) would have taken scant comfort in the famous Rudyard Kipling-quote about triumph and disaster adorning the grandstand at the Kings Park Tennis Club in Perth, Western Australia, below which they met last week for the company’s AGM.
WHILE A-Cap Resources executives presumably don’t have great expectations about the latest positive steps in Botswana lighting up the company’s share price – or even the dark recess into which it seems to have fallen – they most certainly do believe one of southern Africa’s next significant energy projects can’t stay off the grid for too much longer.
NOVEMBER 5: THERE are perhaps some key indicators any long term investor or shareholder concerned about sovereign risk but keen on exposure to companies with promising projects in difficult jurisdictions (as per some parts of Africa, for example) should ascertain from the board of the company in question.
BEING still in private hands, there are parts of the emerging Alliance Mining Commodities story that CEO Bob Adam doesn’t need to talk about openly at this point. Still, the completion of the definitive feasibility study on its bauxite project in Guinea does fill in more of the picture and possibly enough to get fans of the commodity’s longer-term narrative more than a little interested in future developments.
THOUGH looking very much like a venture that only true believers could get excited about, IMX Resources (IXR) is adamant a nickel project in Tanzania featuring far-from-inspiring headline grades does in fact potentially constitute a very promising, long life development. And, it claims, the majors of the nickel world are well aware of that potential.
AS MORE greenfields and brownfields mining projects get the chop, many industry suppliers are increasingly anxious to hear about the “quality projects” that continue to attract development funding and, hopefully, remain on course for a prosperous future. Austmine members may have left a briefing in Perth this week believing Peak Resources’ Ngualla rare earth project in southern Tanzania will make the grade.