City Investors Circle – London
Have published the March 2020 Monthly market review.
To read the review, please click HERE
To receive our monthly market review and invitations to our events, please email andrew@city-investors-circle.com
Monthly Archives: March 2020
Oil price turns negative in Wyoming!
Market news
The oil price in Wyoming has turned negative!
Yes you read that correctly, sour oil producers in Wyoming are paying customers to take away their crude. The reason is it’s cheaper than paying storage. Continue reading
Onecoin scam to be made into a movie
OneCoin
The OneCoin ponzi scheme is now to be made into a movie, following the success of the BBC investigation into the disappearance of the “crypto Queen” Ruja Ignatov.
It is estimated $4 billion was invested into Onecoin during the scam, over 3 million participants around the world. Continue reading
Cartier suspends drilling activity at Chimo due to covid-19
Cartier Resources {TSX.V: ECR}
On March 24, 2020, in accordance with orders from the Government of Quebec, Cartier suspended its drilling activities on the Chimo Mine property, located 45 km east of Val-d’Or, until April 13, 2020. Continue reading
Tinka employee infected with Covid-19
Tinka Resources {TSX.V: TK}
Advised that one of its employees has tested positive to COVID-19 in Peru.
The employee is recovering well in self-isolation at his home in Lima. Other Company employees who were in close contact with the affected employee, and their families, are also in self-isolation. Continue reading
Radisson Mining insiders add in the market
Radisson Mining {TSX.V: RDS}
Have announced the temporary cessation of all exploration activities due to the Covid-19 virus, until April 13th 2020.
Confirmed that management have added to their position in the company and now hold 10.84% of the company. Continue reading
Neometals – Euroz Securities issue a new research note and price target
Neometals {ASX: NMT}
Euroz Securities have issued an updated research note on NMT, with an updated price target.
To read the note Continue reading
Gold soars $86 in a day as physical in short supply
Market news
The price of gold soared $86 today, to $1636, due to a lack of physical supply, and the price of paper gold starting to decouple from the physical.
One major reason is the closure of the major Swiss refineries in Ticina, near the Italian border, now offline, due to the Covid-19 virus. Continue reading
Small mining companies reaching new all time lows
Market news
With the current volatility, (or should that be total meltdown?) in the markets, some junior mining companies are reaching new all time lows.
Amongst those we follow, FAR Resources at 2c, Cascadero at 1c, Komet Resources, 5c, Tinka 9c, and Avalon, once a billion dollar company, at 2.5c. Continue reading
Only four new mining listings on the TSX Venture Exchange in February
Market news
There were 16 new listings on the Toronto Venture Exchange during February 2020, and only 4 were mining companies.
There were 6 capital pool companies, 3 technology firms, with only one involved in blockchain. There were no new cannabis companies at all, quite a change from a year ago. Continue reading
Swiss bank announces CHF backed stablecoin
Crypto news
Swiss crypto bank Sygnum has unveiled a stablecoin pegged to the Swiss franc, on March 20.
Sygnum’s ‘DCHF’ “settlement token” is backed 1:1 by funds held with the Swiss National Bank. Continue reading
Neometals declares a 2c dividend
Neometals Ltd {ASX: NMT}
Announced the declaration of a partially franked dividend of 2 cents per share (approximately A$10.9 million dividend distribution in total) with a Record Date of 27 March 2020 and with payment anticipated to be made on 3 April 2020. Continue reading
Globe says Gallo raises Wesdome to a “buy”
Wesdome Gold {TSX: WDO}
The Globe and Mail reports in its Friday, March 13, edition that Canaccord Genuity analyst Tom Gallo says Wesdome Gold Mines is “well positioned for growth.”
The Globe’s David Leeder writes that following the release of “strong” 2019 operational and financial results, Mr. Gallo raised his rating for the Toronto-based company to “buy” from “hold” ahead of it embarking on “unprecedented” exploration. Continue reading
Master Investor Show London postponed until December
Master Investor Show – London
The organisers have announced the movement of the show from the 28th March 2020 to the 5th December 2020.
This has been done due to the coronavirus pandemic. Continue reading
UK Investor Show London postponed
UK Investor Show – London
The UK Investor Show scheduled for April in the QE2 Center, Westminster, has been postponed, with a new date of the 26th September in the same venue. Continue reading
Nouveau Monde Announces Updated Resource Estimate and Increases Combined M & I Resources by 25 %
Nouveau Monde {TSX.V: NOU}
Announces updated resource estimate and Increases combined measured and indicated resources by 25 % to 120.3 Mt @ 4.26 % Cg
Wesdome release Q4 and full year results.
Wesdome Gold Mines Ltd {TSX: WDO}
Released fourth quarter and full-year 2019 financial results. The company’s full consolidated financial statements and management’s discussion and analysis are available on SEDAR and on the company’s website. Continue reading
PDAC attendees tested positive for Covid-19
PDAC 2020
Two attendees of the show have tested positive for the Covid-19 virus,
This begs the question, should the show have been cancelled? Continue reading
More investment shows cancelled due to the COVID-19 virus
Market news
The coronavirus continues to wreak havoc, and sadly today more investment conferences have been cancelled / postponed, depending upon the situation later in the year.
The Master Investor Show at Islington has now been re-scheduled for 5th December, and the Battery Metals world Tour has seen dates in Argentina, Chile, Berlin, London and New York deferred until later in the year. Continue reading
European Gold Forum Zurich – cancelled due to the coronavirus
European Gold forum – Zurich
The Denver Gold Group have cancelled the European Gold Forum due to take place in the Park Hyatt Hotel in Zurich, in April, due to the coronavirus.
This follows the cancellation of the London Global Mining Finance conference yesterday. Continue reading