Mining Review 30th July 2023
The week was noteworthy because of the strange story of Goldshore, the 43-101 comments acidentally uploaded to SEDAR, and the ‘disappearing’ of Moss Lake.
Other companies releasing news included Impact Minerals, Calidus Resources, Cornish Metals, and Karora Resources.
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Goldshore Map – The lake has disappeared from the picture!
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Mining Review 30th July 2023
Despite the US increasing rates again, gold held strongly, as did the base metals mostly. Silver had a poor week, as did lithium.
The most newsworthy item concerned Goldshore, and the disappearance of Moss Lake! One minute it’s in their presentations, and the project is called Moss lake, the next they have requested the lake’s removal from maps of the project, and the project has been renamed Moss Gold!
Clearly the lake is an issue, and management have taken steps to remove it from view, which is a red flag for me.
Upon reading this I sold all my stock in the company, as trust has now gone. I was already aware of the lake and happy to invest, but this trying to airbrush it out smacks of desperation in my opinion, and my trust in management has been lost.
News from our watchlist companies this week is below, click the link to be taken to the full story.
Impact Minerals On the Path to HPA Production
Cornish Metals Successfully Commissioned Water Pumps
Calidus Resources Met Production Guidance
UEC Advanced Development of ISR Projects
GoldShore ‘Disappears’ Moss Lake!
Karora Resources Announced Quarterly Gold Production Record
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Market Data
Weekly price changes
(US$ unless stated)
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Metal Prices
| Gold price in UK £ | 1526 | -0.07% |
| Gold | 1959 | -0.15% |
| Silver | 24.35 | -1.14% |
| Palladium | 1251 | -3.47% |
| Platinum | 941 | -2.39% |
| Rhodium | 4100 | 1.23% |
| Copper | 3.89 | 0.26% |
| Nickel | 9.7 | 1.04% |
| Zinc | 1.13 | 3.67% |
| Tin | 13.36 | 0.68% |
| Cobalt | 14.85 | 0.00% |
| Manganese | 2.96 | -1.33% |
| Lithium | 37880 | -5.52% |
| Uranium | 56.23 | 0.86% |
| Iron Ore | 115.5 | 0.26% |
| Coking Coal | 237 | 0.42% |
| Thermal coal | 148 | 5.71% |
| Magnesium | 3084 | 0.55% |
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If you need clarification of any information contained in this note, or have any questions, I will be delighted to assist – Please email andrew@city-investors-circle.com
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City Investors Circle is based in the financial district in the City of London
We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.
Our audience is selected and invited individually to ensure interest and relevance for the presenting company.
Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.
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This website is not sponsored, we are truly independent, and will always remain so.
Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.
All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.
These articles are for awareness and informational purposes only, and are not recommendations in any form. Always consult an investment professional.
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Disclosure
At the time of writing the author holds shares in Calidus Resources, and Karora Resources
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