Stockwatch Street Wires
- Diamond & Specialty Minerals Summary for May 25, 2017
Dominion Diamond is excited about Misery Deep at Ekati. Namibia Rare Earths has lost a major shareholder. Orbite Technologies has got an extension to its bankruptcy stay. Alix Resources can recover lithium from Agua Fria clays in Mexico.
- Shell Summary for May 25, 2017
Michael Stein's shell graduate, Cliffside Capital, realizes that it has control and P&L responsibility over its investments. The shell IPO shareholders of Darryl Levitt's Vector Resources and Mick Thomson's Roll-Up Capital await profit-taking opportunities.
- Gold Summary for May 25, 2017
Victoria Gold has optioned its Aurex gold project near Mayo to Banyan Gold. Banro has resumed mining at Namoya in the Democratic Republic of the Congo after armed thugs forced a halt last week. Ashanti Gold is raising cash to drill Anumso and Kossanto East.
- Energy Summary for May 25, 2017
Oil prices slide as OPEC extends its production-cutting deal but does not deepen the cuts. Crescent Point talks up its five-year plan, while Husky Energy prepares to do the same next week. The Lundins' International Petroleum finishes its share buyback.
- SEC defendant Jaclin indicted in California
SEC defendant Gregg Jaclin has been indicted in California for a shell factory scheme. Prosecutors claim that he and another man fraudulently created 10 companies using nominees.
- Gold Summary for May 24, 2017
Marlin Gold Mining has found assay encouragement for its La Trinidad mine in Mexico. First Mining Finance has another batch of promising assays from Goldlund in Northwestern Ontario. Minaurum Gold has sampled high-grade silver veins at Alamos in Mexico.
- Diamond & Specialty Minerals Summary for May 24, 2017
Kennady Diamonds has an encouraging result from Faraday-2 at Kennady North, in the Northwest Territories. Quest Rare Minerals touts a lesser plan after a financing falls through. Vanadiumcorp Resource has raised more cash from a friendly source.
- Shell Summary for May 24, 2017
Scott Kelly's NEX shell, Newstrike Resources, plans to acquire a licensed marijuana grower called HPI Holdings. The shell and its target have already raised $4.62-million. Newstrike will acquire HPI for 269 million shares.
- Energy Summary for May 24, 2017
Raging River Exploration basks in analyst attention. Spartan Energy, its share count swollen from a busy shopping spree in 2016, looks to roll back 1 for 3. TAG Oil trumpets the results of its first exploration well of the year.
- Forcefield defendant Khan sentenced in New York
Forcefield Energy Inc. defendant Naveed Khan has received two years in jail. Prosecutors had sought up to 10 years, citing him for kickbacks that he accepted to place brokerage clients into Forcefield.
- Shell Summary for May 23, 2017
David Danziger's capital pool shell, Aumento VI, closes its $626,400 IPO at 50 cents. Sheldon Inwentash's NEX shell, ZipLocal Inc., is selling itself to Jason Chapnik for 0.35 cent a share. Joe Mimran's SPAC, Gibraltar Growth, moves its shareholders meeting to June 9.
- Energy Summary for May 23, 2017
Luminus Management, which years ago agitated for change at TransAlta, takes an interest in Gran Tierra. Pine Cliff enjoys insider buying and bold analyst predictions. Crew Energy sells its Goose asset, but still needs a buyer for its Lloydminster assets.
- Diamond & Specialty Minerals Summary for May 23, 2017
True North Gems is still annoyed about the loss of Aappaluttoq, its ruby mine in Greenland. Liberty One Lithium has acquired an option on Pocitos West, a lithium brine prospect in Argentina. Sama Graphite is drilling Lola in Guinea.
- Gold Summary for May 23, 2017
IDM Mining has received encouraging assays from its Red Mountain project in British Columbia. Integra Gold has received high-grade assays from Triangle, at Lamaque in Quebec. Aurvista Gold, a Quebec gold explorer, has a new president and CEO.
- CMKM's Edwards looking for out-of-court deal
CMKM Diamonds Inc. defendant John Edwards looks to be in negotiations for a plea agreement. Lawyers in the case have asked for a delay in the trial, with one of the reasons being an attempt by Mr. Edwards at resolving the case.
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