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TABLE OF CONTENTS Jun 2 - 8, 2014 Volume 100 Number 16 - 0 comments

TSX Venture bounces back, May 20-23

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2014-05-28

The S&P/TSX Venture Composite Index recovered from a four-month low during the shortened trading period, gaining 1.2%, or 11.40 points, en route to a 987.95-point weekly close. Markets were bolstered by strong quarterly earnings from the Canadian banking sector, as well as rising energy and base-metal futures. Optimism was fuelled by promising manufacturing data out of China and the U.S.

Gold futures had a mixed week, with August contracts for bullion hitting US$1,295.20 per oz. before closing down US$1.50 at US$1,291.90 per oz. Crude oil notched its second straight week of gains, as July contracts for West Texas Intermediate rose 2.2%, or US$2.33, en route to a US$104.35-per-barrel close. Copper also benefitted from global economic news, with July contracts for the red metal gaining US2¢ before closing at US$3.166 per lb.

Lincoln Mining led the percentage-gained category during the week, as it completed a 1-for-10 share consolidation that will reduce its shares outstanding to just 15.8 million. The company jumped 400% — or 12¢ during the week — on 158,000 shares traded, en route to a 15¢ close.

In early May Lincoln announced it had secured a $1-million loan from shareholder Ronald Netolitzky, who held 46 million pre-consolidated shares in the company. Lincoln announced on May 7 that it would proceed with permitting studies on potential open-pit, heap-leach operations at its Pine Grove and Bell Mountain gold deposits in Nevada.

Calgary-based junior Mill City Gold lost 11¢ per share, or 47% of its market capitalization, after releasing its management discussion and analysis (MD&A) on May 21. The company closed at 13¢ per share on 155,000 shares traded.

Mill City revealed on May 13 that it was ending negotiations with the Indonesian government to buy a 75% interest in the North East Tanjung block on-shore oil and gas concession. The project vendor reportedly couldn’t raise enough funds for a reverse takeover.

Mill City reported a working capital deficit of $416,100 in its MD&A, though the company is “encouraged by the quality of precious-metal projects that are available at a small fraction of the capital previously invested in their development by other companies.”

Former explorer Terra Firma Resources led the volumes traded during the week after announcing it would hop on board the medical marijuana trend. The company traded 8.01 million shares after signing a non-disclosure agreement, and is reportedly looking at a “seed-to-sale” business in B.C. Terra Firma had been advancing an option agreement on the American Boy Claim Group, which featured a trio of polymetallic prospects.

TSX-V most active issues


    Volume  
Company Symbol (000s) High Low Close Change
Terra Firma Rs TFR 8029 0.03 0.02 0.02   0
Fission Uran FCU 5111 1.29 1.17 1.18 - 0.05
Commerce Res CCE 4362 0.34 0.26 0.28 + 0.06
Unigold UGD 4157 0.05 0.04 0.04 - 0.01
KWG Res KWG 3451 0.08 0.07 0.07   0
RPT Uranium RPT 3306 0.02 0.02 0.02 - 0.01
Largo Res LGO 3101 0.3 0.26 0.3 + 0.04
Geomega Res GMA 2940 0.48 0.38 0.4 - 0.07
Mountain Boy M MTB 2924 0.02 0.01 0.02 + 0.01
Roxgold ROG 2738 0.73 0.68 0.71 + 0.02

TSX-V greatest percentage change


    Volume  
Company Symbol (000s) High Low Close Change
Lincoln Mng LMG 158 0.25 0.15 0.15 + 400
Anglo Swiss ASW 2171 0.02 0.01 0.02 + 200
Acrex Vent AKV 15 0.01 0.01 0.01 + 100
Cascadia Res CCR 776 0.05 0.02 0.05 + 100
MPH Vent MPS 54 0.01 0.01 0.01 + 100
Arco Res ARR 291 0.07 0.07 0.07 + 100
Pac Wildcat Re PAW 17 0.02 0.02 0.02 + 100
Signature Res SGU 60 0.04 0.03 0.04 + 75
Noble Mnl Expl NOB 2228 0.04 0.03 0.04 + 60
Goldspike Expl GSE 549 0.1 0.06 0.1 + 53.8
Red Mile Mnls RDM 73 0.01 0.01 0.01 - 50
Electra Gold ELT 14 0.01 0.01 0.01 - 50
Equitas Res EQT 639 0.05 0.04 0.04 - 50
Camino Mnls COR 397 0.01 0.01 0.01 - 50
Central Iron O CIO 166 0.01 0.01 0.01 - 50
Aldershot Res ALZ 490 0.01 0.01 0.01 - 50
Diamond Fields DFI 405 0.02 0.01 0.01 - 50
Altan Rio Mnls AMO 107 0.05 0.05 0.05 - 47
Mill City Intl MC 155 0.23 0.13 0.13 - 46.8
Solvista Gold SVV 119 0.15 0.08 0.08 - 46.6

TSX-V greatest value change


Company Symbol Change Close Change
Lumina Copper LCC 196719 6.38 + 0.48
Abitibi Royalt RZZ 34892 2.35 + 0.45
Athabasca Mnls ABM 1175320 2.14 + 0.42
Lincoln Mng LMG 158030 0.15 + 0.12
Northern Sun M NSC 11210 0.41 + 0.11
Kennady Diam KDI 19458 5.94 + 0.09
Cayden Res CYD 348867 1.75 + 0.09
Newport Expl NWX 100250 0.61 + 0.08
Arianne Phosph DAN 588073 1.11 + 0.07
Gold Reach Res GRV 54260 0.78 + 0.06
Gold Reserve GRZ 43548 3.45 - 0.18
Mill City Intl MC 154615 0.13 - 0.11
Avino Silver ASM 29752 1.69 - 0.11
Tasman Metals TSM 136445 1.25 - 0.1
Highland Res HI 39500 0.5 - 0.09
Energold Drill EGD 118661 1.6 - 0.08
BE Res BER 50718 0.22 - 0.08
Eurasian Minls EMX 38482 0.8 - 0.08
Cordoba Mnls CDB 123000 0.8 - 0.08
Chesapeake Gld CKG 20595 2.65 - 0.08


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Related Press Releases
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