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TABLE OF CONTENTS Apr 14 - 20, 2014 Volume 100 Number 9 - 0 comments

TSX Venture snaps losing streak, March 31-April 4

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2014-04-09

The S&P/TSX Venture Composite Index bounced back during the trading sessions after seven days in the red, as it closed up 1.8%, or 17.41 points, en route to a 1,007.16-point weekly close. Markets were buoyed by rising precious metal prices, while Statistics Canada reported a rebound in Canadian exports that pushed the country’s trade balance to a $290-million surplus in February.

Gold futures rebounded late in the week after disappointing U.S. jobs data, with June contracts for bullion finishing the trading period up 1.5%, or US$18.70, at US$1,303.70 per oz. Crude oil futures traded relatively flat, as May contracts for West Texas Intermediate dropped US30¢ en route to a US$101.11-per-barrel close. May contracts for copper dropped US11¢ before closing the week at US$3.02 per lb.

Newfoundland-based Canada Fluorspar jumped 15¢ during the week en route to a 35¢ close. On April 2 Canada Fluorspar announced a court-approved plan of arrangement that will see San Francisco-based private equity firm Golden Gate Capital acquire all outstanding shares of the company for 35¢ per share. The all-cash takeover offer represents an 87% premium on Canada Fluorspar’s 20-day, volume-weighted average.

Canada Fluorspar had been working to re-start existing underground fluorspar mines near the town of St. Lawrence on the Burin peninsula. In January 2013 the company released a $154-million plan to reactivate operations that carried a $124-million pre-tax net present value at a 5% discount rate, along with a 16.4% internal rate of return. In early December the company released an updated resource estimate for the project, which hosts 2.1 million indicated tonnes grading 51% CaF2, as well as 8.5 million inferred tonnes grading 42.2% CaF2.

Greenland-focused True North Gems released a letter to shareholders after a busy trading week that saw 22.2 million of its shares change hands. The company reported that it was “evident from recent insider trading reports that one of its larger shareholders took the positive news of the granting of our permit to liquidate a substantial portion of their holdings.” True North closed the week flat at 8¢ per share.

In March True North announced the government of Greenland had awarded the company an exclusive, 30-year mining licence for its wholly owned Aappaluttoq ruby deposit. True North has identified more than 30 ruby occurrences in the Fiskenaesset district so far, and removed a total of 165 tonnes of material for processing over the past four years. From the material processed, over 65,000 grams of gems and over 129,700 grams of near-gem rubies and pink sapphires have been recovered.

TSX-V most active issues


    Volume  
Company Symbol (000s) High Low Close Change
True North Gem TGX 22169 0.09 0.06 0.08   0
Thelon Cap THC 16099 0.15 0.1 0.13 + 0.01
MacDonald Mns BMK 13004 0.03 0.01 0.02 + 0.01
KWG Res KWG 11668 0.09 0.06 0.09 + 0.03
Satori Res BUD 9785 0.11 0.08 0.08 - 0.01
China Mnls Mng CMV 8034 0.03 0.01 0.02 + 0.01
Gem Intl Res GI 6683 0.03 0.01 0.01 + 0.01
Cavan Vent CVN 6681 0.05 0.04 0.05 + 0.01
Fission Uran FCU 6584 1.71 1.6 1.62 - 0.01
Frontline Gold FGC 6218 0.01 0.01 0.01 + 0.01

TSX-V greatest percentage change


    Volume  
Company Symbol (000s) High Low Close Change
Green Swan Cap GSW 1228 0.16 0.06 0.16 + 220
Proam Expl PMX 645 0.04 0.02 0.02 + 100
Threegold Res THG 411 0.01 0.01 0.01 + 100
Celeste Copper C 1398 0.01 0.01 0.01 + 100
Frontline Gold FGC 6218 0.01 0.01 0.01 + 100
Gem Intl Res GI 6683 0.03 0.01 0.01 + 100
Killdeer Mnls KMI 20 0.01 0.01 0.01 + 100
Canada Fluorsp CFI 4425 0.35 0.2 0.35 + 76.9
Pan Global Res PGZ 90 0.16 0.04 0.16 + 72.2
American Manga AMY 1308 0.07 0.04 0.06 + 71.4
Tasca Res TAC 1042 0.03 0.01 0.01 - 60
Artha Res AHC 5248 0.01 0.01 0.01 - 50
Stroud Res SDR 158 0.01 0.01 0.01 - 50
Silver Shield SSR 76 0.01 0.01 0.01 - 50
Reliance Res RI 74 0.01 0.01 0.01 - 50
Northern Abiti NAI 71 0.01 0.01 0.01 - 50
Blackstone Ven BLV 3046 0.01 0.01 0.01 - 50
Ross River Mnl RRM 505 0.01 0.01 0.01 - 50
Remington Res RGM 11 0.04 0.04 0.04 - 41.6
CB Gold CBJ 3916 0.18 0.08 0.1 - 41.1

TSX-V greatest value change


Company Symbol Change Close Change
Lumina Copper LCC 91984 5.23 + 0.53
Kennady Diam KDI 17603 4.7 + 0.42
Zenyatta Vent ZEN 1102139 3.33 + 0.31
Selwyn Res SWN 35740 2.5 + 0.21
Probe Mines PRB 518646 3.39 + 0.19
Palladon Vent PLL 83032 1.88 + 0.19
Canada Fluorsp CFI 4424689 0.35 + 0.15
Tinka Res TK 489538 0.49 + 0.14
Tasman Metals TSM 184475 1.65 + 0.12
Falco Pac Res FPC 1744909 0.58 + 0.11
Chesapeake Gld CKG 109980 2.89 - 0.23
Great Quest Me GQ 332332 1.44 - 0.21
Reservoir Mnls RMC 736328 6.59 - 0.19
Titanium Corp TIC 1124388 1.04 - 0.14
Diamcor Mng DMI 45620 1.33 - 0.12
Anfield Nickel ANF 96261 1.72 - 0.1
Barisan Gold BG 2143525 0.17 - 0.1
Forum Uranium FDC 570852 0.37 - 0.08
Gold Reserve GRZ 17599 3.49 - 0.07
CB Gold CBJ 3915840 0.1 - 0.07


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Related Press Releases
True North Gems Provides Mine Development Update for the Aappaluttoq Ruby Project in SW Greenland
True North Gems Closes $11 Million Finance Package for the Aappaluttoq Ruby Project in SW Greenland
Barisan Gold Continues to Extend the High-Grade Zone at Its Upper Tengkereng Porphyry Discovery
 



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