RCKS talk

Monday, February 12, 2018 Derek Macpherson

RCKS Charts: ASR, FM, TECK, WDO, MQR

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In this edition of RCKS Charts, Keith has evaluated Alacer Gold Corp. (TSX:ASR), First Quantum Minerals Ltd. (TSX:FM), Teck Resources Ltd. (NYSE:TECK), Wesdome Gold Mines Ltd. (TSX:WDO) and Monarques Gold Corp. (TSXV:MQR). So far in 2018, trading activity in our universe of mining and exploration stocks has been frustrating. Many names rallied into year-end then stalled and began fading as January unfolded. In many instances volumes fell off and momentum deteriorated as stocks pulled back or retraced their December strength. Fewer and fewer names had not succumbed to this drift particularly as market concerns intensified here in early February. Overall the activity in mining & exploration names, as frustrating as it has been, has not suggested a ‘race for the exits’ as much as a rotation of investor interest to other areas of the marketplace. That happens. We, however, remain constructive towards the improving, underlying trends in commodity sectors, notably metals/mining, and expect interest to return.  read more


Friday, January 26, 2018 Derek Macpherson

RCKS Charts: ASR, AGLD & QMX

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In this edition of RCKS Charts, Keith has evaluated Alacer Gold Corp. (TSX:ASR), Austral Gold Ltd. (TSXV:AGLD), and QMX Gold Corp. (TSXV:QMX). Market activity and investor attention during the past couple of weeks has increasingly focused on Q4 earnings reports. This has led to hesitant activity in mining and exploration stocks with reduced volumes, false starts and plenty of backing and filling. As this “noise” winds down, we expect attention to again refocus on the improving, underlying trends in the commodity sectors, namely metals/mining, energy and agriculture, where interest is beginning to surface. We have highlighted a number of names recently, all of which we expect continued accumulation. We are adding another three names to that list. read more


Sunday, July 17, 2016 Derek Macpherson

Failed Coup Raises Risk for Projects in Turkey

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On Friday, there was an attempted coup of the Turkish government. While the coup was quickly thwarted by government forces, effectively maintaining the status quo; in our view this has increased the risk profile for foreign mining companies operating in Turkey. We expect that this increased risk is likely to negatively impact the stocks Monday morning. Those that essentially have pure-play exposure, like Alacer Gold (TSX:ASR) or key projects within the country like Eldorado Gold (TSX:ELD, NYSE:EGO) and Pilot Gold (TSX:PLG) are likely to be the most impacted.  read more


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