City Investors Circle
The CIC Market Review for September 2018 has been published.
Featured this month: – The continuing decline of precious and base metal prices, crypto thoughts as more coins ICO but total market cap declines, and an overview of our featured companies’ news releases.
Neometals {ASX: NMT}
Appointed two new, highly experience NEDS to their Board of Directors, prior to the Barrambie newco demerger, scheduled for later this year, subject to shareholder approval. Continue reading
Minera IRL Limited {CSE: MIRL}
Provided an update on the Company arbitration process against Corporación Financiera de Desarrollo – COFIDE.
The Precautionary Measure granted by the Superior Court of Justice of Lima and ratified by the Arbitration Panel, which prevents COFIDE from collecting the US$70 million Bridge Loan debt or executing its payment guarantees, remains in effect until the arbitration is concluded. Continue reading
Tyranna Resources Limited {ASX: TYX}
Announced that as manager of the Western Gawler Craton JV, the commencement of RC drilling at the Campfire Bore Gold Prospect, located 40km north of the Challenger Gold Mine, and part of the larger Jumbuck Gold Project in the Northern Gawler Block of South Australia. Continue reading
Zenyatta Ventures Ltd {TSX.V: ZEN}
New director Don Bubar bought 50,500 shares of Zen’s stock in a transaction dated Friday, September 14th.
He bought at an average cost of C$0.51 per share, with a total transaction value of C$25,755. Bubar previously bought 33,000 shares in the market earlier in September. Continue reading
Neometals {ASX: NMT}
Euroz Securities have published an updated research note for Neometals, taking into account the recent Barrambie demerger news, and given a BUY recommendation with a price target of 50c.
The full note can be read by clicking… Continue reading
Komet Resources Inc {TSX.V: KMT}
Director Lucas Werner Claessens acquired 170,000 shares in a transaction dated Thursday, September 20th.
The shares were acquired at an average price of C$0.25 per share, for a total transaction of C$42,500, and followed his purchase of 50,000 shares made recently. Continue reading
Crypto Currencies
After a brief hiatus, the number of new crypto coins and tokens is increasing again, but the total market value (cap) of all of them combined continues to fall, reflecting an overall loss of value of a lot of the smaller crypto coins that are difficult to trade. Continue reading
Radisson Mining Resources Inc. {TSX.V: RDS}
Announced an update of the exploration program underway at the O’Brien gold project.
Hole OB-18-81 intersected 6.2 g/t Au over 2.0 meters at 47.1 m vertical depth, and Hole OB-18-80 intersected 1.0 g/t Au over 11.7 meters at 81.1 m vertical depth. The O’Brien gold project remains open at depth below the 550 m level. Continue reading
Cartier Resources Inc. {TSX.V: ECR}
Has data which confirm the presence of gold mineralisation within 20 drill holes completed between 1.0 and 1.6 kilometres at the Chimo mine project, located 45 km east of Val d’Or.
All holes intersected gold mineralisation similar to that at Chimo mine. Continue reading
Lithium Power International Ltd. {ASX: LPI}
Announced that through its JV Company, Minera Salar Blanco , advises that it has submitted the environmental Impact Assessment Report (“EIA”) for the Maricunga Lithium Brine Project to the Chilean Environmental Authority.
Final approval of the EIA is expected to be obtained by the end of 2019, and if approved a construction decision made by Q1 2020. Continue reading
Smartcool Systems Inc. {CSE: SSC}
Recently closed the acquisition of Total Energy Concepts Inc. (TEC) (see news release dated Aug. 28, 2018).
Due to the length of time it took to get final corporate documentation and approval on closing of the TEC acquisition, the company was unable to complete its financials on time and on Sept. 5, 2018. Continue reading
Nouveau Monde Graphite Inc. {TSX.V:NOU}
Announced the successful mechanical commissioning of the wet circuit of its 3.5 tons per hour demonstration plant located in Saint-Michel-des-Saints, Quebec.
In the next two years, a total of 40, 000 tonnes are planned to be collected and shipped to the demonstration plant. Continue reading
Barkerville Gold Mines Ltd. {TSX.V: BGM}
Released final drilling results from the 50,000-metre 2018 Island Mountain exploration and delineation program at the company’s flagship Cariboo gold project. The infill drilling results continue to expand known vein corridors at depth and demonstrate continuity at both Shaft zone and Mosquito Creek zone on Island Mountain. Continue reading
Bitcoin and Crypto currencies
After a resolute few days when prices bounced back from the previous slump of a week or so ago, crypto prices are once again falling across the sector.
The price slumps have become regular since the high achieved in early January 2018, and with so much wealth wiped out since, are investors going to lose patience with crypto? Continue reading
Zenyatta Ventures Ltd. {TSX.V: ZEN}
Announced preliminary research findings from the University of Toronto, that confirm significant improvements in the compressive and flexural strength of cement when graphene products are combined with the cement.
Including graphene in quantities of as little as 0.02% increased the compressive strength of cured cement paste by up to 39%, according to the research. Continue reading
Zenyatta Ventures {TSX.V: ZEN}
Announced that Brian Bosse has been appointed Chief Financial Officer of the Company.
His role as Chief Restructuring Officer has now come to an end as the Company comes out of a restructuring phase and looks forward to becoming a leader in the Graphene market. Continue reading
Neometals {ASX: NMT}
MD Chris Reed presented to London institutions and investors at the City Investors Circle presentation in the West End of London.
Chris updated the delegates on the current developments and future plans for NMT. He also mentioned the proposed (subject to shareholder approval) de-merger of the Barrambie titanium / vanadium deposit into a newco that will list on the ASX. Continue reading
Barkerville Gold Mines Ltd. (TSX.V: BGM}
Announced positive results from its test mine at Bonanza Ledge, including Mine grades of 7.05 g/t compared favourably to the planned of 6.5 g/t au.
Barkerville’s Bonanza Ledge mine has allowed the company to assess mining methods, and generate cash flow to offset some exploration expenditures. Continue reading
Neometals {ASX: NMT}
The City Investors Circle presentation for Neometals in London on the 12th September is now full.
A waiting list is in operation, and anyone wishing to be added should email andrew@city-investors-circle.com Continue reading
