PDAC 2020 – Toronto mining conference season starts in Canada

   PDAC Toronto 2020

The annual Canadian mining conference season has is starting in Toronto with two minor conferences ahead of the main event, which starts tomorrow, Sunday.

It will be interested to see how attendance figures fare after I have heard that some people have decided not to attend due to Coronavirus fears. There are normally numerous Chinese visitors to #PDAC2020, it remains to be seen how many attend this year. Continue reading

Coronavirus to hit markets this week

   Stock Markets

I think this will be the week when the impact of the coronavirus starts to take its toll on the markets, as the implications of the world’s supply chain breaking down start to become apparent.

Just in time auto production is a perfect example of an industry that is already being effected by a lack of parts such as LED lights that are mainly produced in China, and mainly in Wuhan, of all places. Continue reading

Irving Resources Announces Private Placement with Strategic Investor

   Irving Resources Inc. (CSE:IRV)

Reports that the investment agreement  entered into in April 2019 between Irving and Newmont Corp. has been amended such that the two additional private placements which Newmont has the right to require the Company to undertake are now in the amounts of US$4,000,000 as to the first additional private placement, and US$2,000,000 (which may be increased to US$3,000,000 at Newmont’s option) as to the second additional private placement. Continue reading

BitMEX XRP trading flash crash highlights the dangers of trading cryptos

   Crypto traders furious at BitMEX

The dangers of leveraged trading of cryptos, which is an unregulated market, were highlighted after account holders on BitMEX trading the US$/XRP pairs trade had their accounts wiped out after a ‘flash crash’ which dropped the price by 60% for 2 seconds wiped out their entire accounts, after stop losses failed to trigger.

BitMEX is refusing to compensate those traders who have lost everything as a result of their stops not activating, resulting in furious comments on social media. Continue reading

Canuc Resources close private placement at a premium to market price

   Canuc Resources {TSX.V: CDA}

Announced the closing of a non-brokered Private Placement for gross proceeds of $850,000. The closing of this Private Placement results in issuance of 8,500,000 Units. Each Unit consists of one common share priced at 10 cents and one half of one warrant to purchase one additional Common Share at 15 cents Continue reading