Contrarian Stock Market Investing News - Featuring Bargain Stocks » Centamin Egypt http://www.contrarianprofits.com Access market-beating ideas from the world's top investment gurus on stock market investing, the gold market, ETFs, Forex trading and real estate values. Mon, 10 May 2010 15:10:45 +0000 http://wordpress.org/?v=2.8.5 en hourly 1 Resource Stock Roundup:Thursday, May 21st, 2009 http://www.contrarianprofits.com/articles/resource-stock-roundupthursday-may-21st-2009/16987 http://www.contrarianprofits.com/articles/resource-stock-roundupthursday-may-21st-2009/16987#comments Thu, 21 May 2009 19:36:57 +0000 Doug Casey http://www.contrarianprofits.com/?p=16987 The bulls continued to ravage the bears during Wednesday trading on the Canada Markets as a drawdown in oil inventories sparked a big rally in the energy space. For the tale of the tape, the TSX Exchange added another 1.3%, while the TSX Gold Index rallied 4.4% and the TSX Venture Exchange, Canada’s largest junior exploration bourse, tacked on 0.85% with the advancers edging out the decliners by a 442 to 393 margin on 178 million shares traded.
Western Canadian Coal is looking to wed with 34 percent stakeholder Cambrian Mining PLC. The acquisition values Cambrian at approximately C$120 million or 57 pence based on the closing price of Western shares of 76 pence. Along with its 34 percent interest in Western,…

]]> The bulls continued to ravage the bears during Wednesday trading on the Canada Markets as a drawdown in oil inventories sparked a big rally in the energy space. For the tale of the tape, the TSX Exchange added another 1.3%, while the TSX Gold Index rallied 4.4% and the TSX Venture Exchange, Canada’s largest junior exploration bourse, tacked on 0.85% with the advancers edging out the decliners by a 442 to 393 margin on 178 million shares traded.
Western Canadian Coal is looking to wed with 34 percent stakeholder Cambrian Mining PLC. The acquisition values Cambrian at approximately C$120 million or 57 pence based on the closing price of Western shares of 76 pence. Along with its 34 percent interest in Western, Cambrian also holds $29 million of Western’s convertible debentures. Western ended the day up C$0.03 at C$1.40.

Oro Gold tagged 7.6 grams gold per tonne over 42.5 metres from its Trinidad property in Mexico. Oro ended the day up C$0.02 at C$0.51.

Shares of Bowmore Exploration surged C$0.165 to C$0.40 after the junior announced that Osisko Mining was taking down C$3 million of a C$4.2 million private placement in Bowman. Bowmore says it will use the proceeds from the private placement for exploration work on the Santa Elvira gold-copper property in Mexico, new project acquisitions, development and for working capital. Osisko ended the day up C$0.33 to C$5.95.

Shares of Centamin Egypt added C$0.35 to close at C$1.61 after the miner reported a 43 metre drill intercept running 17 grams gold per tonne starting a 499 metres downhole at its Sukari Hill porphyry project.

All lights appear green for equity investors but with the big board now at new highs for the year, a pullback could well be pending. We shall see what Thursday trading has in store.


Source: Resource Stock Roundup:Thursday, May 21st, 2009

]]> http://www.contrarianprofits.com/articles/resource-stock-roundupthursday-may-21st-2009/16987/feed 0 Resource Stock Roundup: Thursday, January 22nd, 2009 http://www.contrarianprofits.com/articles/resource-stock-roundup-thursday-january-22nd-2009/12136 http://www.contrarianprofits.com/articles/resource-stock-roundup-thursday-january-22nd-2009/12136#comments Thu, 22 Jan 2009 20:29:23 +0000 Doug Casey http://www.contrarianprofits.com/?p=12136 It was a roller coaster ride for investors on the Canadian Markets during Wednesday trading. For the tale of the tape, the TSX Exchange rallied 2.97%, while the TSX Gold Index popped another 2.1% and the TSX Venture Exchange, Canada’s largest junior exploration bourse, fell 0.6% with the declining issuers edging out the advancers by a 337 to 310 margin on 106 million shares traded.

Kinross Gold (NYSE:KGC)went to the market hat in hand to raise up to $360.5 million by issuing 20.9 million shares at $17.25. Shopping season for Kinross perhaps? Kinross ended the day down C$1.11 at C$22 even.

Speaking of shopping, Franco-Nevada Corp. has agreed to acquire from Coeur d’Alene Mines (NYSE:CDE)a 50-per-cent gold royalty stream in the Palmarejo silver and…

]]> It was a roller coaster ride for investors on the Canadian Markets during Wednesday trading. For the tale of the tape, the TSX Exchange rallied 2.97%, while the TSX Gold Index popped another 2.1% and the TSX Venture Exchange, Canada’s largest junior exploration bourse, fell 0.6% with the declining issuers edging out the advancers by a 337 to 310 margin on 106 million shares traded.

Kinross Gold (NYSE:KGC)went to the market hat in hand to raise up to $360.5 million by issuing 20.9 million shares at $17.25. Shopping season for Kinross perhaps? Kinross ended the day down C$1.11 at C$22 even.

Speaking of shopping, Franco-Nevada Corp. has agreed to acquire from Coeur d’Alene Mines (NYSE:CDE)a 50-per-cent gold royalty stream in the Palmarejo silver and gold project in Mexico. The price tag is a cool $80-million. Franco-Nevada ended the day up C$1.52 at C$21.50.

Centamin Egypt is raising C$60 million by issuing 92 million shares at C$0.65 each. The proceeds will be used to advance its 9 million ounce Sukari gold project in Egypt. The company closed at C$0.67 for a C$0.07 loss.

Shares of East Asia Minerals added C$0.035 to close at C$0.265 after reporting rock saw sample results from its Miwah gold project in Indonesia. Highlights included 20 metres running 14 grams gold per tonne.

Weakness in the financial sector once again ruled the trading session and that sparked another bout of risk aversion from investors. We will see what Thursday trading has in store.


Source: Resource Stock Roundup: Thursday, January 22nd, 2009

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