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TABLE OF CONTENTS Jan 20 - 26, 2014 Volume 99 Number 49 - 0 comments

TSX Venture Exchange, Jan. 6-10

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2014-01-15

The S&P/TSX Venture Composite Index closed in the green for a second straight week to start the year, as it jumped 2.3% — or 21.83 points during trading — en route to a 966.55-point close. Commodity futures were relatively stable, with gold rising late  in the week on poor U.S. employment numbers. The loonie hit its lowest level since October 2009, as the currency closed at US91.75¢ to end the trading sessions.

Gold futures are sitting reliably above  US$1,200 per oz., with February contracts for bullion closing the week up US$14.30 at US$1,247.80 per oz. Crude oil closed in the red for a second straight trading period, as February contracts for West Texas Intermediate dropped US$1.37 en route to a US$92.81-per-barrel weekly close. Copper has hovered above US$3.30 per lb. for the past month, with March contracts trading flat at US$3.35 per lb.

Beleaguered junior Selwyn Resources can be added to a growing list of companies that are being reorganized due to struggling small-cap markets. Selwyn announced late in 2013 that it was replacing its entire senior management group, and returned $28 million in capital to its shareholders after the company announced it was indefinitely suspending development at its ScoZinc zinc–lead mine in Nova Scotia.

Selwyn’s shareholders also voted to close a 1-to-100 share consolidation on Jan. 2. The company did not recommence trading in earnest until Jan. 6, and led the value-added category with a $1.72 gain on 125,500 shares traded, before closing the week at $1.73 per share. At press time Selwyn had 3.94 million shares outstanding for a $6.7-million market capitalization.

Base-metal explorer Reservoir Minerals finished a strong week of trading with an announcement that it had optioned 75% of its Parlozi lead–zinc–silver project in Serbia to junior Midlands Minerals. Reservoir jumped 35¢ on 168,000 shares traded, en route to a $5.58-per-share weekly close.

Under terms of the agreement Midlands may spend $4.5 million in exploration over four years so that it can earn a 51% interest in Parlozi. Midlands can bump it stake to 55% by obtaining a mineral-exploitation permit from the Serbian government, and increase its ownership to 75% by completing a bankable feasibility study over the next two years.

Parlozi is a 91 sq. km exploration permit covering historical lead–zinc–silver mining in the Kosmaj–Babe area of the Sumadija mining district in central Serbia. Exploration was conducted at the site during the 1970s and 1980s by state-controlled Yugoslavian companies, with historic data including 36 drill holes over 15,000 metres.

TSX-V most active issues


    Volume  
Company Symbol (000s) High Low Close Change
Kincora Copper KCC 6844 0.03 0.02 0.03   0
Xmet XME 6010 0.19 0.14 0.15 - 0.01
Brookemnt  Cpt BKT 5507 0.04 0.03 0.03   0
Lomiko Mtls LMR 4960 0.12 0.1 0.1 - 0.01
Red Pine Expl RPX 4919 0.11 0.08 0.1 - 0.01
Habanero Res HAO 4720 0.01 0.01 0.01   0
Pac Potash PP 4180 0.07 0.05 0.06 - 0.01
Barisan Gold BG 3779 0.35 0.19 0.22 - 0.08
Fission Uran FCU 3769 1.1 1.03 1.07 + 0.02
Robex Res RBX 3716 0.16 0.13 0.15 - 0.01

TSX-V greatest percentage change


    Volume  
Company Symbol (000s) High Low Close Change
Selwyn Res SWN 126 1.9 1.51 1.73 + 11433.3
Amador Gold AGX 362 0.02 0.01 0.02 + 300
Falcon Gold FG 424 0.1 0.02 0.08 + 300
La Quinta Res LAQ 23 0.02 0.02 0.02 + 200
Actus Mnls AAC 284 0.02 0.01 0.02 + 200
Central Iron O CIO 422 0.02 0.01 0.02 + 200
Mill City Intl MC 567 0.22 0.09 0.22 + 193.3
Firesteel Res FTR 21 0.09 0.05 0.09 + 157.1
Pinestar Gold PNS 53 0.1 0.05 0.1 + 150
Sarama Res SWA 53 0.16 0.08 0.16 + 128.5
Noble Metal Gr NMG 10 0.01 0.01 0.01 - 66.6
Huntington Exp HEI 10 0.01 0.01 0.01 - 60
Orefinders Res ORX 218 0.12 0.06 0.07 - 56.2
CMQ Res NV 80 0.02 0.01 0.01 - 50
NQ Expl NQE 11 0.01 0.01 0.01 - 50
Canyon Copper CNC 10 0.01 0.01 0.01 - 50
Bonterra Res BTR 525 0.01 0.01 0.01 - 50
Ditem Explor DIT 127 0.01 0.01 0.01 - 44.4
Zena Mng ZCC 144 0.09 0.08 0.09 - 41.3
Carlin Gold CGD 35 0.02 0.02 0.02 - 40

TSX-V greatest value change


Company Symbol Change Close Change
Selwyn Res SWN 125500 1.73 + 1.72
Gold Reserve GRZ 105340 4.29 + 0.67
Reservoir Mnls RMC 167551 5.58 + 0.35
Energold Drill EGD 141930 1.81 + 0.21
Mill City Intl MC 567004 0.22 + 0.15
Tasman Metals TSM 434191 1.3 + 0.14
Cayden Res CYD 172923 1.13 + 0.13
Athabasca Mnls ABM 314919 1.62 + 0.12
Great Quest Me GQ 567393 0.73 + 0.11
Titanium Corp TIC 144929 0.63 + 0.11
Pac Booker Min BKM 29981 6.6 - 0.4
Zenyatta Vent ZEN 1190215 1.96 - 0.32
Lumina Copper LCC 107218 6.14 - 0.16
Eurasian Minls EMX 23640 1.07 - 0.12
Orefinders Res ORX 218000 0.07 - 0.09
Almonty Ind AII 37000 0.82 - 0.09
Mason Graphite LLG 2861333 0.71 - 0.09
Barisan Gold BG 3779269 0.22 - 0.08
Avino Silver ASM 77968 1.26 - 0.07
Atacama Pac Gd ATM 11400 0.93 - 0.07


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Related News
TSX Venture gains ground, Nov. 17-21
Better days await the junior sector, PwC reports
Rick Rule sees 'lustrous return' ahead
Related Press Releases
Reservoir Minerals Completes Drilling Program at Bobija Zinc-Lead-Silver-Gold Project
IIROC Trading Resumption - SWN
Selwyn Announces Extension to Closing of Sale of ScoZinc
 



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