Mining Review 30th July 2023

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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

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

Mining Review 23rd July 2023

 

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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.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

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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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