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TABLE OF CONTENTS Aug 4 - 10, 2014 Volume 100 Number 25 - 0 comments

TSX Venture back in the green, July 21-25

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2014-07-30

The S&P/TSX Venture Composite Index registered a modest 5.2-point gain en route to a 1,017.44-point close. Markets were buoyed by an increase in base metal and energy futures, though analysts noted light mid-year trading volumes.

September contracts for copper jumped 2%, or US6.5¢, before closing at US$3.25 per lb. Crude oil was also on the rise, with September contracts for West Texas Intermediate gaining US39¢ en route to a US$102.09-per-barrel close. Meanwhile, December contracts for gold bullion lost US$6 before closing the week at US$1305.30 per oz.

Gold Reserve led the value-added category during the week after updating its arbitration claim against Venezuela. The company gained 71¢ on 93,230 shares traded before closing out the trading period at $4.36 per share. In October 2009 Gold Reserve filed a claim with the World Bank’s International Centre for Settlement of Investment Disputes.

The company had been advancing its Brisas gold project in the state of Bolivar towards production before the Venezuelan government announced it would seize control of the asset. Gold Reserve claims it is owed US$2.1 billion for Brisas and its earlier-stage Choco 5 project. On July 23 Gold Reserve reported that the proceedings had closed, it expects an award decision soon.

Odin Mining and Exploration rose after announcing a US$5-million private placement. The company gained 28¢ on 122,320 shares traded before closing at 62¢ per share.

On July 22 Odin closed a non-brokered placement wherein it issued 95 million shares at 5.6¢ per share. Ross Beaty acquired 26.4 million shares in the placement, which represents 22.1% of the company’s outstanding shares, bringing his equity stake in Odin to more than 50%. Odin’s flagship asset is the Greater Cangrejos gold–copper porphyry property in Ecuador.

Junior Catalyst Copper got a boost after some established mining entrepreneurs took major equity positions in the company via a US$1.4-million financing. Catalyst was up 142%, or 24¢ during the period, en route to a 40¢-per-share close. On July 21 the company announced it had completed a non-brokered private placement wherein it issued 20 million units at 7¢ per unit.

Augusta Resource’s Richard Warke now controls 17% of Catalyst’s outstanding shares, and could increase his holdings to 29% by exercising warrants. Goldcorp chairman Ian Telfer grabbed a 19% stake in Catalyst — and could up that interest to 32% with warrant exercises — while Frank Giustra now owns 13%. Catalyst holds an 80% interest in the La Verde copper porphyry project, 320 km west of Mexico City. 

TSX-V most active issues


    Volume  
Company Symbol (000s) High Low Close Change
Red Pine Expl RPX 18250 0.03 0.02 0.02   0
Sunset Cove Mg SSM 6347 0.02 0.01 0.01 + 0.01
Caribou King R CKR 5509 0.03 0.01 0.03 + 0.01
Condor Res CN 5474 0.13 0.09 0.11 - 0.04
Lomiko Mtls LMR 4937 0.06 0.05 0.06 + 0.01
Alabama Graph ALP 4828 0.22 0.18 0.18   0
New Millennium PGM 4720 0.41 0.36 0.37 - 0.01
Gold Bulln Dev GBB 4684 0.07 0.05 0.06 + 0.01
Graphite One R GPH 4426 0.15 0.13 0.14 - 0.01
Corsa Coal CSO 4301 0.24 0.22 0.24 + 0.01

TSX-V greatest percentage change


    Volume  
Company Symbol (000s) High Low Close Change
Abzu Gold ABS 45 0.22 0.14 0.15 + 625
White Tiger Mg WTC 484 0.12 0.03 0.09 + 260
Saville Res SRE 269 0.1 0.04 0.1 + 185.7
Catalyst Coppr CCY 344 0.4 0.17 0.4 + 142.4
Golden Peak Mn GP 38 0.16 0.08 0.16 + 128.5
Orefinders Res ORX 92 0.16 0.08 0.16 + 113.3
Pantheon Vent PVX 455 0.02 0.02 0.02 + 100
Electra Gold ELT 283 0.1 0.05 0.1 + 100
Central Iron O CIO 62 0.01 0.01 0.01 + 100
Bell Copper BCU 141 0.03 0.02 0.03 + 100
RJK Explor RJXA 138 0.02 0.01 0.01 - 50
Revolver Res RZ 124 0.01 0.01 0.01 - 50
Trio Gold Corp TGK 14 0.01 0.01 0.01 - 50
African Metals AFR 44 0.01 0.01 0.01 - 50
Frontline Gold FGC 206 0.01 0.01 0.01 - 50
Intl Bethl Mng IBC 229 0.01 0.01 0.01 - 50
Castle Peak Mg CAP 307 0.02 0.02 0.02 - 40
Oceanic Iron O FEO 23 0.35 0.24 0.24 - 33.3
Blind Crk Res BCK 12 0.02 0.01 0.01 - 33.3
Barker Mnrls BML 355 0.02 0.02 0.02 - 33.3

TSX-V greatest value change


Company Symbol Change Close Change
Gold Reserve GRZ 93223 4.36 + 0.71
Lumina Copper LCC 1150627 10.67 + 0.32
Northern Graph NGC 3584488 1.07 + 0.28
Odin Mng & Exp ODN 122320 0.62 + 0.28
Bacanora Mnls BCN 2444874 1.45 + 0.27
Catalyst Coppr CCY 343663 0.4 + 0.24
Lara Expl LRA 144469 0.83 + 0.15
Great Quest Me GQ 200460 1.95 + 0.14
Abzu Gold ABS 45470 0.15 + 0.13
Mason Graphite LLG 1453098 0.78 + 0.12
Athabasca Mnls ABM 1469850 2.37 - 0.55
Zenyatta Vent ZEN 1201036 1.94 - 0.22
Bear Creek Mng BCM 173431 3.04 - 0.19
Titanium Corp TIC 267152 1.65 - 0.15
Falco Pac Res FPC 426185 0.55 - 0.14
Oceanic Iron O FEO 23115 0.24 - 0.12
Pac Booker Min BKM 15895 4.9 - 0.11
Feronia FRN 38936 0.8 - 0.1
Northern Vertx NEE 75500 0.31 - 0.09
Astur Gold AST 81659 0.28 - 0.08


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Related News
Gold Reserve wins US$740M in 'stunning victory' against Venezuela
Venture slides, June 23-27
Ross Beaty to invest in Odin Mining
Related Press Releases
Odin Announces Initiation of 15,000 Metre Drill Program at Cangrejos, Ecuador
IIROC Trading Resumption - GRZ
Gold Reserve Awarded $740.3 Million by ICSID for the Expropriation of the Brisas Project by Venezuela
 



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