London 121 Mining Forum “best yet”

   City Investors Circle

I attended the recent 121 Mining Forum held in London, which was the best of their conferences held in London so far in my opinion.

121 Mining conferences were established a few years ago by Pablo Martin and some fellow former Mines and Money colleagues, who designed an original concept of holding face to face meetings in individual booths, instead of the conventional trade show scenario where people amble round aimlessly and conduct ad hoc conversations, without any real structure. Continue reading

Tinka Drills 32 m of 9.6 % Zinc within a wider interval of 107 m of 6.8 % Zinc at Ayawilca

   Tinka Resources Ltd. {TSX.V : TK} 

Announced assay results for six holes from its ongoing resource step-out drill program at the Company’s 100%-owned Ayawilca project, central Peru.

Three holes are reported from West Ayawilca area, and three from the Zone 3 area, including one of the best holes ever drilled at A-118. Continue reading

Lithium Power International update on the “CEOL” matter before the Chilean Courts

   Lithium Power International {ASX: LPI}

Provided a  response to media reports on the licensing matter currently before the Chilean courts.
The case relates to the awarding of a CEOL to exploit lithium to the state-owned copper company, Codelco, immediately prior to the change of Chile’s government on 11 March 2018. The CEOL covers the entire Maricunga Salar, including properties owned by LPI’s joint venture entity Minera Salar Blanco SA. Continue reading

Zenyatta Ventures – Have the dissidents inherited a poisoned chalice?

   Zenyatta Ventures {TSX.V: ZEN}

The ousting of management by a dissident group who are then able to elect their own team to the board of directors is an exceedingly rare event in Canada, or elsewhere for that matter.

Normally, management either have enough votes to prevent this, or can count on support from large holders to prevent it, but ZEN had neither!  Continue reading

Canuc Resources signs an LOI to acquire Full Circle Energy Ltd.

   Canuc Resources Corporation (TSX-V: CDA)

Advised that it has signed a letter of intent (LOI) to acquire Full Circle Energy Ltd., an Ontario Corporation.

Full Circle’s principal assets consist of 6 sections of undeveloped oil prospective acreage in southwest Saskatchewan, and a Farm-in agreement that references a further 6.3 contiguous sections of adjacent land. Continue reading

Zenyatta announces New Chairman, New Board Committees, and Chief Restructuring Officer

   Zenyatta Ventures Ltd. {TSX.V:ZEN}

Announced that further to the Special Meeting of its shareholders held on May 11, 2018, the appointment of its independent director Brett A. Richards as the Chair of the Board of directors and to provide an update on the composition of the Board Committees and the appointment of a Chief Restructuring Officer and Interim Head of Business Development and Technology. Continue reading

Cascadero Copper – An example of a retail stock with little market interest

   Cascadero Copper {TSX.V: CCD}

An analysis of the shareholders of the shareholders of Cascadero Copper throws up an interesting statistic, the stock is over 87% owned by retail investors, 3-4 % by private companies, and only around 8% held by management.

This perhaps explains why a promising looking ceasium project (despite the company name) is attracting no attention from brokers and analysts, and media mentions are few and far between. Continue reading

Zenyatta Ventures dissident victory a rare win for shareholders over management entrenchment

   Zenyatta Ventures {TSX.V: ZEN}

On Friday a rare event took place, a listed company, (in this case on the TSX Venture Exchange), lost a proxy vote to a dissident shareholder group, and four directors including the chairman, and the former CEO, were removed from Office.

This victory is more significant in that it occurred despite management attempts at entrenchment. Continue reading