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Those being nibbled, with some success, it must be said, include Legend Mining, Bardoc Gold, Alice Queen and Strandline Resources.

There are tentative signs that bottom feeders are stepping up their activity in the junior exploration/developers space. They are nibbling away at those stocks with smashed values (all of them) but which stand out as leveraged plays to the upside thanks to their quality projects and because they have the cash to make things happen. The step-up goes to the idea that as explorers are explorers, and future developers are future developers, they don’t have to worry about the widespread impacts and uncertainties caused by COVID-19 like the miners do.

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3rd April 2020

Pilbara Minerals claims its “moderated production strategy” is working with the company delivering improved recoveries, reduced costs, steady sales and a small increase in cash at bank for the March quarter...

Pilbara Minerals claims its “moderated production strategy” is working with the company delivering improved recoveries, reduced costs, steady sales and a small increase in cash at bank for the March quarter, although production was a smidge below guidance of 35,000-50,000 tonnes (reports MiningNews). An estimated 33,893t of spodumene concentrate and 33,998 pounds of tantalite concentrate were shipped during the quarter with the company matching mine production and available stocks to customer. Sales in the December quarter were 33,178t.

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High-quality discovery news, successful capital raisings and confident buy tips have been rare commodities over the past month, but the past few days have seen signs of normality returning to a badly-bruised resources sector.

High-quality discovery news, successful capital raisings and confident buy tips have been rare commodities over the past month, but the past few days have seen signs of normality returning to a badly-bruised resources sector. It wasn’t all good news, it never is, with leading gold producer, Northern Star, suffering a “coronavirus-related” setback which rubbed the gloss off its share price.

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A fresh offtake deal for miner Pilbara Minerals and a project funding agreement for EU-based Infinity could point to a brighter future for the lithium sector

A fresh offtake deal for miner Pilbara Minerals and a project funding agreement for EU-based Infinity could point to a brighter future for the lithium sector (reports Stockhead). Battling falling prices even before the ‘coronacrisis’ hit, lithium stocks had been stuffed in the bottom drawer by many investors. In February, spodumene concentrate prices nudged lower to an average $US463 ($697) per tonne — a 46 per cent drop from the same period last year — due to that ‘overhang’ in Chinese stockpiles.

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Volatility was the theme of last week’s edition of Prospector’s Diary, and boy did we all learn a lot about what that means this week

Volatility was the theme of last week’s edition of Prospector’s Diary, and boy did we all learn a lot about what that means this week, leading to the question of what’s next. In a word, drought, and the lessons investors can learn from farmers when they hit a dry patch. The first things farmers don’t do is panic because they know that in Australia drought is as natural as flood.

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Plus, market’s brutal response to Red 5’s production downgrade ignores the bigger game

It is a good time to be boldly looking beyond the current vapourisation of equity values in response to the coronavirus pandemic to secure what with time, will (hopefully) be seen as astute pick-ups. Mind you, you’ve got to have the readies to do it. That’s not a problem for Andrew “Twiggy” Forrest. Because iron ore has managed to hold at elevated levels, and because China is reportedly getting back to work while the Western world goes in to quarantine, he is in line to collect a $1.58 billion annual dividend cheque for the 2020FY from Fortescue Metals (ASX:FMG).

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If you ever wondered what volatile means, you’ll soon know because over the next few months, and perhaps for the rest of 2020, financial markets will be on a wild ride

If you ever wondered what volatile means, you’ll soon know because over the next few months, and perhaps for the rest of 2020, financial markets will be on a wild ride, up one day, down the next. That might sound like stating the obvious after recent economic, political and public health events but now comes the reckoning as a tug of war develops between wounded bulls keen to sell, perhaps to cover margin loans, and bargain hunters looking for cheap buys.

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Another round of outstanding drilling results fires up De Grey and its leading shareholder DGO Gold while Kairos reminds investors it has a gold project just down the road

The Pilbara Craton’s ranking as a gold province has long suffered in comparisons with the Yilgarn down south. Its 8 million-ounce gold endowment compared with the Yilgarn’s 200Moz says as much, even if the Pilbara has all the same ingredients that has made the Yilgarn one of the world’s great gold regions. But things are stirring in the Pilbara, ignoring for the time being the over-promotion in 2017/18 of its Witwatersrand conglomerate gold potential.

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11th Aug 2020

Investor webinar featuring Auteco Minerals, Anglo Australian Resources, Firefly Resources & Trigg Mining

Join us for our next investor webinar on Tuesday, 11 August 2020 featuring Auteco Minerals, Anglo Australian Resources, Firefly Resources & Trigg Mining.

10th - 11th Nov 2020

Gold Coast Conference

With increasing global uncertainty regarding the outbreak of COVID-19 and in light of the latest advice from the Australian Government, including an indefinite ban on large indoor gatherings and in

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