The autonomous Papua New Guinea region of Bougainville has rejected controversial changes to its Mining Act, which were said to be aimed at letting a new company extract the island's riches.The modifications would have jeopardized land rights currently held by Australia's Bougainville Copper Ltd. (BCL), which used to run Panguna, one of the world's biggest open-pit copper operations, shut down by...Read More
Shares in Australia's Northern Star Resources (ASX: NST) jumped Tuesday after it said that drilling results from its Pogo gold mine in Alaska pointed to a significant increase in resources and a substantial maiden reserve.The A$35 million ($25m) exploration and concentrated infill drilling campaign, using four underground and four surface rigs, has increased the existing JORC-compliant resource of...Read More
Shares in Australia's Northern Star Resources (ASX: NST) jumped Tuesday after it said that drilling results from its Pogo gold mine in Alaska pointed to a significant increase in resources and a substantial maiden reserve.The A$35 million ($25m) exploration and concentrated infill drilling campaign, using four underground and four surface rigs, has increased the existing JORC-compliant resource of...Read More
A handful of bear notes is exacerbating headwinds for GILDThe shares of Gilead Sciences, Inc. (NASDAQ:GILD) are down 3.1% in electronic trading, after the biotech said a late-stage trial for its Non-Alcoholic Steatohepatitis (NASH) drug, selonsertib, failed to its main goal. Specifically, the treatment did not improve liver scarring when compared to a placebo in the nearly 900 patients enrolled in...Read More
The U.S. and China continue to work out a trade deal before the March 1 deadlineDow Jones Industrial Average (DJI) futures are trading 186 points above fair value this morning, after U.S. lawmakers reached a tentative bipartisan budget deal to avoid a government shutdown ahead of this Friday's deadline. Meanwhile, on the global economic front, both the U.S. and China are scrambling to reach a trad...Read More
Short interest on Zscaler surged 49% in the two most recent reporting periods Cloud security name Zscaler Inc (NASDAQ:ZS) has had a strong start to 2019 -- up 23.6% so far, compared to a slimmer 8% gain for the S&P 500 Index (SPX). There's plenty of skepticism priced into the stock, too, which could keep the wind at ZS' back as it's unwound.For starters, seven of 11 analysts maintain a "hold" or "...Read More
COTY has already gained 47% year-to-dateFew stocks have had as hot a start as Coty Inc (NYSE:COTY), up 47% year-to-date. The cosmetics name is poised to add to those gains, after investment firm JAB Holding, the company's largest stakeholder, issued a tender offer to add 150 million more shares at a price of $11.65, compared to yesterday's closing price of $9.66, upping its potential stake to 60%...Read More
CHGG was last seen up nearly 10% in electronic tradingThe shares of education technology company Chegg Inc (NYSE:CHGG) are set to rally once again after earnings, after the firm's fourth-quarter financial update revealed better-than-expected earnings and revenue for the period. The company continued to add subscribers and raised its 2019 outlook, as well. A few bullish analyst notes have followed,...Read More
A new lithium technology could change the face of lithium production forever.Andrew Carnegie didn't invent the Bessemer converter, but used it to amass an incredible fortune producing steel at lower costs. What one simple machine can do for increasing production and lowering costs is staggering (think of the cotton gin).The lithium industry has been plagued with inefficiency and expensive producti...Read More
REITs and precious metals are two of the most opportunistic investments today.REITs combine all the benefits of real estate as the best long-term investment asset class with numerous other advantages, including passivity, liquidity, and a current discount to NAV.Precious metals are very undervalued relative to long-term ratios and have numerous potential catalysts in today's uncertain geopolitical...Read More
* Emerging markets tops crowded trade list * "Long USD" is second, "Long FAANG & BAT" third * Global equity allocations fall to lowest since 2016 * Cash overweight hits highest since 2009 * Allocations to European equities rise slightly (Writes through, adds details, quotes)By Helen Reid and Karin StroheckerLONDON, Feb 12 (Reuters) - Investors made a U-turn onemerging marke...Read More
FLSmidth announced this week that it has completed the buyout of Australia's IMP Automation Group.According to the Danish firm, the decision to acquire IMP came to be due to the need to have a more complete portfolio of automated laboratory solutions for the mining industry, given the current climate of high exploration activity and increased focus on productivity.In a press release, FLSmidth said...Read More
* Plus500 sinks after profit warning * Michelin shares register best day in nearly a decade* Gucci owner Kering falls * Credit Suisse takes profits on global equities (Adds closing prices)By Josephine MasonLONDON, Feb 12 (Reuters) - European shares closed higher onTuesday as investors cheered positivity around U.S.-China tradetalks and signs of a compromise to avoid another U.S. governmentshutdown...Read More
The quietude of last week's festivities on the daily chart of the Gold Miners Bullish Percent Index stems in part because the actual bullish percentage is still low: it's only 37 percent. Yet, that's nearly double the level seen in the autumn of 2018.If you're a gold stock watcher, you might have already noticed the rebound in some of the miners' prices.The Gold Miners Ratio al...Read More
Beneath a plot of land in southeastern Siberia lie vast stores of gold, according to Russia's biggest gold producer, Polyus PJSC, and tapping them could provide the Russian central bank with a huge and nearly sanction-proof backstop for its currency.Read full newsRead More
A simple way to stop picking losers, and start cashing in like Wall Street's elite.Most traders would never believe that 9 out of 10 trades could be winners.But while it may sound impossible, thanks to a research breakthrough, it may not be as far-fetched as many think.JPMorgan's trading desk produced a 99.52% win rate from 2013 through 2017. That includes 2 straight years without a losing day....Read More
Gold is on the defensive, courtesy of falling channel 'fakeout' and only a convincing move above $1,315 would restore the bullish view. 4-hour chart The falling channel breakout confirmed on Friday had signaled an end of the pullback from the recent highs above $1,325. The bulls, however, failed to capitalize on the breakout and prices fell back in the falling channel yesterday...Read More
Vancouver, BC - Quadron Cannatech Corporation (CSE:QCC) (the "Company" or "Quadron"), is pleased to announce the appointment of Larry Anderson and David Beck as directors of the Company, and two executive changes which support the Company's continued long-term growth in the evolving cannabis industry.Mr. Beck possesses over 30 years experience with national financial institutions in various cap...Read More
Montr?(C)al, QC - Siyata Mobile Inc. (TSX-V:SIM | OTCQX: SYATF) (the "Company" or "Siyata"), is pleased to announce that U.S Tier 1 Carrier network approval is nearing completion and has initiated trials with multiple end-use large-scale potential customers in various industry verticals. As a result, the Company expects initial purchase orders from these end use customers through the U.S T...Read More
"$MGDDF - Compagnie G?(C)n?(C)rale des ??tablissements Michelin (MGDDF) CEO Jean-Dominique Senard on Q4 2018 Results - Earnings Call Transcript https://t.co/rA0gX4ClyS"Read full newsRead More