Andrew Prelea, chief executive of Vast Resources PLC (LON:VAST), tells Proactive's Andrew Scott they've acquired a 23.75% economic interest in the Eureka Gold Mine in Zimbabwe.Eureka is a modern mine originally designed to produce up to 70,000 oz of gold per year from an open pit operation - it's currently on care and maintenance with potential for recommencement of production in the near term. &n...Read More
FTSE 100 stalledCRH top riserReckitt Benckiser top laggardFTSE 100 lacklustre..FTSE 100 continued its lacklustre trajectory, up around 23 points at 7,352 within a few hours of the close.Reckitt Benckiser (LON:RB.) continued to keep a lid on gains, posting a 4.515 drop to 5,531p after its earnings report failed to meet analysts' estimates.Top riser on Footsie was building materials group CRH (LON:C...Read More
The first quarter earnings season for UK banks and pharmaceutical stocks is set to kick off.For the banks, Lloyds Banking Group PLC (LON:LLOY) reports on Wednesday followed by Barclays PLC (LON:BARC) on Thursday and Royal Bank of Scotland Group PLC (LON:RBS) on Friday.In previewing the first quarter results, Deutsche Bank reckons margin pressures will remain the main area of focus for domestic len...Read More
Margaret Georgiadis has resigned as the chief executive of embattled MATThe U.S. stock market is in the red today, but still on track for a weekly win. Among individual stocks making big moves are toymaker Mattel, Inc. (NASDAQ:MAT), Apple supplier Qorvo Inc (NASDAQ:QRVO), and photocopy specialist Xerox Corp (NYSE:XRX). Here's a quick look at what's moving shares of MAT, QRVO, and XRX.Pre-Earnings...Read More
LONDON (Reuters) - Shipping industry hopes that so-called sulphur scrubbers are a quick-fix solution to compliance with drastic emissions reduction demanded by 2020 are somewhat misguided, one of the world's biggest manufacturers of the equipment told Reuters.The International Maritime Organization's (IMO) cut to the amount of sulphur the world's fleet can emit will have massive implications for s...Read More
Tips for Copper – Copper BUY at CMP 457.50 for TGT 459.80 – 461 with SL below price 454.90 (2.6 Points SL) RISK Taker trade 2 lotsAFTER POST CONTENT Read More
Nickel Call – BUY Nickel at CMP 968 Add more at price 960 with SL 955 for Target 978 – 985AFTER POST CONTENT Read More
Top riser on Footsie was building materials group CRH (LON:CRH), which added over 3% to 2,506p on Friday.The stock rose as the boss of the tarmac owner Albert Manifold reportedly said a listing of its US business in New York and launching a share buyback program were options amid a share price discount to American peers.Manifold said that the company, which owns Tarmac in the UK and supplies...Read More
Gold futures suffered a second consecutive session of losses on Friday, as strength in the dollar and gains in Treasury yields sent prices for the metal lower for the week. June gold GCM8, -0.24% lost $10.50, or 0.8%, to settle at $1,338.30 an ounce. Though the commodity has mostly traded in a narrow range, the contract was down about 1.6% since hitting a 2 1/2 -month high of $1,360 as recently...Read More
Call buying has nearly doubled put buying in recent weeksAfter peaking above $200 back in January, Wynn Resorts, Limited (NASDAQ:WYNN) fell as low $156.54 back on March 2 amid the Steve Wynn fallout. The shares have since battled back to trade at $192.68, and sentiment has only grown more bullish around the casino concern as it prepares to report earnings after the close on Tuesday, April 24. To b...Read More
Keith Allaun, chairman at PowerHouse Energy Group PLC (LON:PHE), caught up with Proactive Investors following their new equity issue - raising ?900,000 of capital to support ongoing commercial development of its energy systems.PowerHouse will use the funds for the group's pioneering technology, which is designed to process waste plastics and end-of-life tyres into a source of energy. Meet P...Read More
WASHINGTON/JEDDAH, Saudi Arabia (Reuters) - U.S. President Donald Trump accused OPEC on Friday of “artificially” boosting oil prices after a year-plus pact that has slashed global crude inventories, drawing rebukes from oil-producing countries as prices dipped following his remarks.“Looks like OPEC is at it again. With record amounts of Oil all over the place, including the fully...Read More
In the earlyhours on Wednesday, I alerted readers to a short squeeze which wasbeginning to take place in the silver market. Silver rallies are typically aninflation play, so the shorts began to cover when the CRB Index began to rallytowards its January high. However, while silver has risen nearly 4% this week,it has yet to ignite the gold sector which stalled yet again near strongresistance at $13...Read More
In the early hours on Wednesday, I alerted readers to a short squeeze which was beginning to take place in the silver market. Silver rallies are typically an inflation play, so the shorts began to cover when the CRB Index began to rally towards its January high. However, while silver has risen nearly 4% this week, it has yet to ignite the gold sector which stalled yet again near strong resistance...Read More
Shares of the iPhone maker have shed nearly 5% this weekStocks started the week strong, as geopolitical risk eased and earnings from heavy hitters like Netflix (NFLX) and UnitedHealth (UNH) impressed. The major market indexes were trading near levels not seen since mid-March when the closing bell rang Tuesday -- with the Cboe Volatility Index (VIX) flashing this never-before-seen signal -- but qui...Read More
Credit Suisse's new target represents expected upside of 37%The shares of Snapchat parent Snap Inc (NYSE:SNAP) are up 3.4% to trade at $15.34, after Credit Suisse lifted its price target on the stock to $21 -- representing a roughly 37% premium to its current perch, and in territory not charted since a post-earnings bull gap in February. Against this backdrop, and with the shares set to retake the...Read More
BRASILIA (Reuters) - Half of the nations belonging to Unasur, a South American bloc set up a decade ago to counter U.S. sway in the region, have decided to suspend their membership, a Brazilian official told Reuters on Friday.The governments of Argentina, Brazil, Chile, Colombia, Peru and Paraguay believe that the bloc has been rudderless under the current rotating presidency of Bolivia, according...Read More
WASHINGTON (Reuters) - Canada’s Foreign Minister Chrystia Freeland said on Friday that “good progress” had been made in talks to modernize the North American Free Trade Agreement and that negotiators would remain in Washington over the weekend.“We are certainly in a more intense period of the negotiations and we are making good progress,” Freeland said during the Inte...Read More
Patrick Cullen, chief executive of Connemara Mining Company PLC (LON:CON), discusses with Proactive's Andrew Scott the maiden inferred resource estimate at their Stonepark zinc project in Limerick, Ireland.The headline mineral resource estimate is 5.3mln tonnes grading 11.15% zinc + lead combined. The zinc (Zn) grade was 8.55% and the lead (Pb) grade was 2.60%.Cullen also adds further detail to th...Read More
Editor's Note: This story was updated from the original posted on April 20, 2018 at 13:13 EST. (Kitco News) - Turkey joined the ranks of Germany and Hungary as the latest country which brought back its gold to home base, this according to reports from the country’s media.Reports from Turkish media outlet Yeni Safak suggest that the country brought back all of its gold stored in the U.S. Fede...Read More