Mining

GOLD (XAUUSD) Long-term bias: Bearish In 2015, Gold topped at 1307.35 and later reached a low of 1046.21. Gold was engaged in perpetual and persistent downtrend, trapping bulls with short-term bullish movements. It is completely irrational to open long trades in the market, because the bears have really made their presence felt for a long […]

Issue of up to £5.0 million of Equity Vast Resources plc, the AIM listed mining company with operations in Zimbabwe and Romania,has entered into an agreement with Crede CG III Ltdaccording to which it will subscribe for new ordinary shares of 0.1p each in the Company in order to raise up to £5.0 millionand associated […]

ZincOx shares (LSE:ZOX) collapsed in November 2015 and consolidate in December. The price is still flat but when momentum returns to the market, it would most probably be in favor of the bearish trend.   In the chart, the ADX period 14 is at the level 40, showing that there is a strong bias on […]

Contract awarded to finalise project design, source vendor financing and provide EPC management for Matala Gold Mine, Zambia Alecto Minerals (LSE:ALO), the Africa-focused gold and base metal exploration and development Company, has announced that, following the Company’s recent exciting acquisition of the historic Matala and Dunrobin gold mines in Zambia and as part of the […]

MXO Oil stock (LSE:MXO) is now trying to rise from the long-term base it has formed in the market. Would this be a sustained bullish movement or a false breakout? From July to August 2015, the price nosedived, after which it formed a base. The base was in place from August till now… But there […]

The SPA Loan is secured by a general security agreement Victory Nickel Inc. (TSX:NI) announced today the receipt of formal notice of default and demand for payment of principal and accrued interest from the holder of a US$3,000,000 unsecured promissory convertible note. As previously disclosed, the Company failed to pay quarterly interest payments due June […]

Baita Plai Polymetallic Mine – Completion of Merger Vast Resources plc, the AIM listed mining company, has announced that the merger agreement between Vast’s 80% owned Romanian subsidiary African Consolidated Resources srl and its subsidiary Mineral Mining SA has been confirmed by the Appeal Court of Cluj. The decision of the Appeal Court is stated […]

GOLD (XAUUSD) Dominant Bias: Bearish The Thanksgiving effect did not take place last week, as Gold generally moved sideways, without any significant drop. This effect has not taken place for 3 years in a row, though that does not mean it would not take place in November 2016. The dominant bias on the market is […]

Over 108 Feet and 7.81% Zinc Over 70 Feet Found in Historic Data Nevada Zinc Corporation (TSX-V:NZN) has secured significant exploration data from exploration and mining work carried out at its recently acquired Mountain View Mine and the surrounding area, in some cases dating back more than 70 years. The recently acquired data which came […]

What are the details? Quattro Exploration and Production Ltd. (TSX-V:QXP) has announced the filing of its third quarter 2015 financial statements, reporting net earnings of CDN $0.01 per share. The Company reported the following results for the 3 months ending September 30th, 2015: • Revenues $3,501,408 • Net income from operations, $ 11.70 per boe […]