Global Resource Investment Trust - GRIL/GRIT Junior Mining Share Exchanges

"Global Resource Investment Trust" has been involved in a significant number of recent fund-raising commitments with some very small cap junior exploration and development companies across a number of metals and minerals. The financing is unusual, through Share Exchange agreements......more..........

Junior Mining Streaming - Sandspring / Silver Wheaton

Silver Wheaton announced significant potential financing for one of the large low grade deposits developed in the last cycle - Sandspring (SSP.v) who hold the Toroparu deposit in Guyana....more....

PWC Review of the Top 100 Venture Companies

Juniors in Survival Mode - includes year on year combined balance sheet comparatives

Peter Brandt - Chart History of the Gold Market - Nov-13 Update

Brandt suggests that Gold, for all its apparent volatility, is "the most reliable chart market in the world" and in conclusion sees no sign of a bottom.
http://peterlbrandt.com/chart-history-gold-market-revised-november-2013/

Remembrance

Remember Remember

The fifth of November,
The Gunpowder treason and plot

FT's Dizard - Gold's Next Move could be Discontinuous and Dramatic

The Financial Times tends to have a pretty dismal view of gold. John Dizard is one of their more off-beat contributors. HERE he discusses unusual signals in physical premiums in India and China.

........the continuing high level of premiums for physical gold over the kinds you can trade on a screen suggests that the next move in the major gold indices or the various exchange traded funds could be discontinuous and dramatic. It would be much better for the financial world if gold were just bumping along, with only enough volatility and liquidity to keep a few dealers’ lights on. That would mean electronic or paper assets have retained their essential credibility with the public........“This could turn into a very violent wake-up for (screen-traded gold). People talk about ‘fiat currencies’, but we also have fiat gold. Volatility is too cheap right now.”

Lawrence Roulston - "We're Seeing a Very significant Rebound"

Just posted but looks like interview was late summer / pre-September conferences.
Some have doubled, many 20-30% off the lows.
The stocks with the strongest rebounds may still offer best value.

Junior Gold M&A - Eldorado Acquire Glory Resources

Eldorado held 20% of Glory Resources and today announced acquisition of the remainder for $30.5m.
Glory hold a small (637k oz P&P), but high grade (15.1g/T) project proximate to Eldorado on Thrace, Greece. Emphasising the renewed focus on high grade and profit margins.

Eric Coffin - Who Dares Wins

Target high margin deposits and miners
Discovery has turned the sector many times in the past. Juniors need to focus on the "new".
Focus on Good Jurisdictions abandon the bad.

Halloweeeen

Junior Gold Mining M&A - B2 Gold to Buy Volta Resources

Growth Consolidator B2 Gold has announced another acquisition, Burkina Faso based Volta Resources.
In an all stock deal Volta is valued at approx $60-70m for a low grade 5m oz resource. .....more ......

Incrementum 50 Gold Charts

This has been out for a while - 50 charts from Incrementum
One of their charts correlating Central Bank balance sheets and Gold referred to HERE by Titan Investment

Drill Hole Results Database

A new service I noticed "Gradewise" looks to be associated with "Corebox"

I have linked both on the "Geology / Visual Deposits" right side bars.

Early stage junior exploration isn't a popular investment area at the moment but for everyone who wishes they bought Atac at 10c, after great drill results in 2008 but before a run to near $10 it is always worth keeping an eye out for great drill results in bad markets.

http://juniorgoldminerseeker.blogspot.co.uk/p/gold-silver-discovery-stocks.html

http://www.gradewise.net/

http://www.corebox.net/

Gold Prices Ready to Take Off Again - Larry Edelson

Edelson has a good record in staying well away from gold and the miners since calling the gold market top, a little early, in 2011. ......more.....

OT - Morrissey Autobiography - Johnny Marr interview

Not sure I could read through this but perhaps I should.
Morrissey's lyrics. Marr's guitar.

Gold Mines to Build

Stories of financing and construction for two juniors this week

Torex has been one of the stronger stocks through the downturn with a $700m+ market cap, backed by high cash  from financing, though price has still halved from 2012 peak -  announced the start of mine construction this week at the Morelos property.

Asanko Gold (previously Keegan) raised $150m debt financing, conditional on DFS, from Red Kite meaning Esaase Gold mine should be fully financed.

John Doody - Gold Mining Stocks Bottom and Undervaluation

Steve Sjuggerud often recommends John Doody's work and points to his call of a June bottom in mining stocks back in July 2013. Also looking to undervaluation indicator.........more .....

Canadian Venture Breaks out of 2 Year Downtrend ?

A number of technicians are pointing to potential bottoming since June and a breakout on the Canadian Venture Exchange. ....... more

Australian Geoscience - Gold Deposits & Exploration

The Australian Government maintains an active interest in their mineral exploration and production sector. Given the current woes of the Canadian venture exchange perhaps more opportunities will open for the Australian financiers, or perhaps the woes are shared, just more vocal in the US & Canada?......more

My Own Market Narrative

Traffic suddenly shot up today and I see a mention at My Own Market Narrative

OT - Rumelt on Strategy

For anyone who has seen the bad I'm finding this very very good.
http://goodbadstrategy.com/

Mining M&A Decline - Ripe for Consolidation ?

Bloomberg article questioning where the buyers of junior deposits will come from.
Vancouver Venture and recent articles posted here suggest value investors and Private Equity could be looking to consolidate - money may come from outside the sector.....more

Brent Cook on Pretium Resources

Pretium has been one of the few gold juniors to maintain a reasonable performance in 2013 given an apparently large very high grade resource, following elections in BC seen as favourable for development, cash in the treasury and the experienced Bob Quartermain at the helm.
However recent news that Strathcona resigned from the bulk sampling project has deepened serious concerns, primarily around grade continuity, and a plunge in the stock price.
Analysis from Brent Cook dating back to June 2013
and IKN from August 2013
While Bob Quartermain defends HERE - but IKN questions this above...
Metal Augmentor suggest that the bulk mining option was always very ambitious and selective high grade mining and potential later bulk mining can still be followed.

Casey's Junior Gold Portfolio

March 2013 pre-PDAC recommendations referenced with some scepticism by Otto at IKN given poor performance since, though that would be true of many.
HERE

Rick Rule Interview - Divergent Opinions at Sprott?

Interview with Rick Rule - HERE
A lot of the same as always quotes - "Be a contrarian or be a victim" etc, some truth. Also

But what it also says that’s very beneficial for the long term is that the mining industry is beginning to understand that they have to deliver something besides production. They have to deliver profits............I think the damage in the juniors has been extensive enough that I am personally of the view that the very best issuers are cheap enough. It isn’t to say that they couldn’t get cheaper but my own personal bias is much more on the long side than on the short side with the best issuers.

there is a dearth of projects that make really good returns on capital employed at these gold prices. So the juniors ......that make good discoveries or the companies that are still advancing on very economic feasibility studies will get taken over in the next 18 months. 

 Interestingly points to divergent opinions within Sprott. ........more....

Private Equity Target Natural Resources ? Denver Gold Show Best Attended in History as Institutions look for value?

A number of PE companies are raising funds with mining targets, 77 funds solely targeting natural resources

The Wandering Greg Gibson

Greg Gibson features on the "Good People Good Projects" page as someone to keep an eye on after he sold Trelawny to Iamgold for $585m in 2012, in hindsight an excellent deal for Trelawny shareholders in a project some cast doubt on. Since then Gibson has taken on directorships across Canadian Gold Mining.

Silver Mining M&A - Hochschild Buy International Minerals

Hochschild were recently noted as being on the lookout for acquisitions.....more.....

Pat DiCapo on Junior Gold Investment

Interesting interview form an influential investor in the gold space.

Gold Junior Webcasts from Colorado Precious Metals Summit

I don't have the best connection but good quality webcasts from a number of interesting Gold & Silver Juniors over 3 days' presentations.
http://www.gowebcasting.com/conferences/2013/09/18/precious-metals-summit

Red Kite Mine Finance - Orion Mine Finance

A story noted by both IKN and CEO.CA

Lewnowski wanted to pursue a strategy of building a portfolio of smaller mining firms while RK believed mining finance should be strictly tied to offtake agreements, said a source with knowledge of the matter, declining to be identified. 

Their list of previous transactions is a very mixed bag... One of the first ATW was a disaster for stock-holders, Great Basin went bust, Norseman Gold fell hard. But perhaps if you provide the finance secured on assets there is something to be gained, Golden Predator, now America;s Bullion Royalty look set to lose assets to Red Kite. Some of the other companies in the deals are more respected.
http://www.rkminefinance.com/transactions.aspx

September FOMC - No Tapering

The Fed announcement.......

Hochschild Look for Acquisitions

London listed Silver Miner Hochschild currently operate in Peru, Mexico and Argentina and are developing, to the surprise of many, the Volcan project, ex Andina, in Chile. 

They currently produce 20m oz and target 30m oz in 2015.

They may now look to acquire in Canada, US, Brazil and Colombia.

Spending $50m on exploration after cuts.

http://www.marketwatch.com/story/hochschild-mulls-acquisitions-in-new-countries-2013-09-18

7 Aussie Gold Miner Take-over Targets

A review of 7 potential deals at The Bull - HERE

OT - Arctic Monkeys AM

New album from the Sheffield boys

Mining Jurisdiction Risk - Mexico Raises Mining Royalties

A reminder of the importance of jurisdiction in selecting mining investments.

I have seen previous discussion of the risk that Mexico will suffer from a heavy dependency on declining oil exports and will look to the mining sector to compensate.

It appears this process may be starting with a 7.5% royalty plus 0.5% sales tax. HERE

This on the same day as Torex announced resources and potential at Media Luna

Mines & Money Hong Kong 2013

While this conference was in March it looks to have been one of the bigger events linking Asian finance with primarily Australian miners but also plenty of Canadian and others, over 300 exhibitors.

Post-show document
http://www.minesandmoney.com/hongkong/wp-content/uploads/2013/09/MMHK2013_postshowreport.pdf

Toronto Resource Investment Conference 2013

While there are 167 larger companies presenting at the Denver Gold show the retail and junior miners / explorers through Cambridge House in Toronto look very thin on the ground suggesting previous higher company turnouts had been paid for before the big market downturns. Many of the exhibitors are newsletters and publications rather than companies.
http://cambridgehouse.com/event/13165/exhibitors
Attendees.....

Li Ka-shing's CEF Holdings looks to resources and Gold Miners ?

As noted by Lawrence Roulston mining buyers may come from outside the sector aswell as from within.

CEF Holdings, a venture between Li Ka-shing's flagship company and Canadian Imperial Bank of Commerce (CIBC), is looking to invest in gold mining companies after a slump in prices created buying opportunities.