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TABLE OF CONTENTS Apr 21 - 27, 2014 Volume 100 Number 10 - 0 comments

TSX Venture registers small loss, April 7-11

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2014-04-16

The S&P/TSX Venture Composite Index had a mixed week before closing down 9.39 points at 997.77 points. Mid-week gains were driven by rising precious metal and energy prices, while underwhelming global economic indicators triggered aggressive selling later in the period. The Bank of Canada announced it is unlikely to raise interest rates until the third quarter of 2015, while weak Chinese trade data fuelled concerns that the world’s second-largest economy could struggle to hit its 7.5% growth target this year.

June contracts for gold bullion moved towards a three-week high by jumping US$14.50 before closing out the trading period at US$1,318.60 per oz. Crude oil futures were also on the rise, with May contracts for West Texas Intermediate hitting a four-week high at US$103.39 per barrel. May contracts for copper closed up US4¢ at US$3.04 per lb.

Tasman Metals led the value-lost category during the week after dropping 30¢ on 274,700 shares traded, en route to a $1.35-per-share close. On April 8 the company released a prefeasibility study on its Norra Karr heavy rare earth element project, 300 km southwest of Stockholm, Sweden.

Tasman also reached a surface access right agreement with an arm’s-length private Swedish landowner. Under the agreement, Tasman will issue 36,000 shares in exchange for the exclusive surface-access rights at Norra Karr for all exploratory and developmental activities.

Tasman amended a preliminary economic assessment in July 2013 that modelled a US$266-million development based on in-pit resources of 42 million indicated tonnes grading 0.57% total rare earth oxides (TREO) and 1.7% zirconium, and 16.5 million inferred tonnes averaging 0.64% TREO and 1.7% zirconium.

Explorer Fission Uranium is trading at high volumes as it releases results from drilling at its Patterson Lake South (PLS) uranium discovery just outside the Athabasca basin. The company saw 9.5 million shares traded during the week after it released results from seven holes at PLS that returned “off-scale” mineralization. Fission closed down 14¢ at $1.48 per share.

Explorer WCB Resources rose 7¢ on 120,800 shares traded after closing a sizable non-brokered private placement. The company closed out the week at 31¢ per share after issuing 22.2 million units at 27¢ per unit, for gross proceeds of $6 million.

All units of WCB were bought by Australian-listed producer Sandfire Resources, which operates the DeGrussa copper–gold mine in Western Australia. WCB is advancing its Misima Island gold–copper project in Papua New Guinea.

TSX-V most active issues


    Volume  
Company Symbol (000s) High Low Close Change
Thelon Cap THC 10556 0.14 0.08 0.1 - 0.03
MacDonald Mns BMK 9484 0.04 0.02 0.02   0
Fission Uran FCU 9377 1.65 1.38 1.48 - 0.14
KWG Res KWG 8629 0.1 0.07 0.08 - 0.01
Rokmaster Res RKR 7151 0.15 0.1 0.13 + 0.02
Ecuador G & C EGX 6794 0.1 0.07 0.08   0
WestStar Res WER 6710 0.08 0.04 0.06 + 0.02
Anglo Swiss ASW 5770 0.02 0.01 0.01   0
Threegold Res THG 5723 0.03 0.01 0.02 + 0.01
Aldrin Res ALN 5478 0.11 0.08 0.09 - 0.03

TSX-V greatest percentage change


    Volume  
Company Symbol (000s) High Low Close Change
Network Expl NET 31 0.06 0.06 0.06 + 1000
Arrowhead Gold AWH 35 0.18 0.11 0.11 + 340
Z-Gold Expl ZGG 286 0.08 0.07 0.08 + 166.6
Argentum Silvr ASL 580 0.06 0.03 0.06 + 140
Blackstone Ven BLV 45 0.01 0.01 0.01 + 100
Quia Res QIA 1106 0.01 0.01 0.01 + 100
Northern Abiti NAI 20 0.01 0.01 0.01 + 100
Fieldex Expl FLX 1251 0.01 0.01 0.01 + 100
Papuan Prec Mt PAU 4804 0.05 0.03 0.04 + 100
Skeena Res SKE 106 0.1 0.07 0.1 + 100
Frontline Gold FGC 340 0.01 0.01 0.01 - 50
Guyana Frntr M GYG 167 0.02 0.01 0.01 - 50
El Condor Mnls LCO 70 0.01 0.01 0.01 - 50
Hudson River M HRM 19 0.01 0.01 0.01 - 50
Angus Mng Nami ANA 150 0.06 0.06 0.06 - 40
Geodex Mnrls GXM 344 0.05 0.03 0.03 - 40
Abzu Gold ABS 2530 0.03 0.01 0.02 - 40
Copper Ck Gold CPV 444 0.02 0.02 0.02 - 40
Arcus Dev Grp ADG 74 0.05 0.05 0.05 - 35.7
Green Swan Cap GSW 3068 0.18 0.09 0.11 - 34.3

TSX-V greatest value change


Company Symbol Change Close Change
Titanium Corp TIC 470662 1.32 + 0.28
Archon Mineral ACS 10603 1.3 + 0.2
Newport Expl NWX 1804240 0.4 + 0.14
BE Res BER 128521 0.22 + 0.09
Kennady Diam KDI 20157 4.79 + 0.09
Arrowhead Gold AWH 35449 0.11 + 0.09
Newmac Res NER 24500 0.4 + 0.08
WCB Res WCB 120800 0.31 + 0.07
Almonty Ind AII 20500 0.86 + 0.06
Melior Res MLR 1294333 0.15 + 0.06
Tasman Metals TSM 274700 1.35 - 0.3
Pac Booker Min BKM 16276 5.51 - 0.29
Zenyatta Vent ZEN 498249 3.07 - 0.26
Lumina Copper LCC 67677 5 - 0.23
Anfield Nickel ANF 138500 1.52 - 0.2
McChip Res MCS 16166 1.3 - 0.15
Geomega Res GMA 2729216 0.6 - 0.14
Fission Uran FCU 9377024 1.48 - 0.14
Reservoir Mnls RMC 317272 6.46 - 0.13
Diamcor Mng DMI 128215 1.21 - 0.12

 



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Related News
Better days await the junior sector, PwC reports
Uranium stocks jump on Japanese nuclear restart news
TSX Venture hits 52-week low, Sept. 29 - Oct. 3
Related Press Releases
Fission Hits 24.87% U3O8 Over 7.5M (LINE 510E); Expands R780E Zone
WCB Resources Provides Update on Diamond Drilling at Misima Porphyry Copper Prospect, PNG
WCB Resources Provides Update on Drill Hole GDD001, Misima Porphyry Prospect, PNG
 



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