Andrew Prelea, chief executive of Vast Resources PLC (LON:VAST) tells Proactive they've secured a two-week extension with Sub-Sahara Goldia Investments (SSGI) for the repayment date of a US$1.68mln bridging loan due.The announcement came as Vast told shareholders they've given Mercuria Energy Group another two weeks to finalise its pre-payment offtake.The offtake offer's for 100% of the copper and...Read More
Subscribers to Schaeffer's Weekly Options Countdown service recently scored a 200% profit with Michael Kors Holdings Ltd (NYSE:KORS) weekly 3/2 66-strike put. We're going to take a look back to see why we were initially bearish on KORS when we recommended the put, and how the options trade unfolded. We entered our bearish KORS position on Monday Feb. 26, meaning options traders tripled their mo...Read More
RIYADH (Reuters) - Britain and Saudi Arabia signed commercial deals worth more than $2 billion during Crown Prince Mohammed bin Salman's visit to London which ended on Friday, a joint statement said, without providing details.At the start of the trip, the countries set themselves a 65 billion pound ($90 billion) trade and investment target for the coming years, with London looking for new post-Bre...Read More
WASHINGTON (Reuters) - U.S. President Donald Trump will not meet with North Korean leader Kim Jong-un unless he sees some “concrete” action by Pyongyang, the White House said on Friday.“The president will not have the meeting without seeing concrete steps and concrete actions take place by North Korea, so the president will actually be getting something,” White House spokes...Read More
SANTIAGO (Reuters) - Chile's government has asked antitrust regulators to block the sale of a stake in lithium company SQM to a Chinese company on the grounds the sale would give China an unfair advantage in the global race to secure resources to develop electric vehicles, according to a document seen by Reuters.Chile development agency Corfo, which oversees SQM's lithium leases in the Salar de At...Read More
BloombergSenator Rand Paul, a Republican from Kentucky and 2016 presidential candidate, is trying to get a floor vote on his signature 'Audit the Fed' legislation. Sen. Rand Paul, a Republican from Kentucky, has been unsuccessful in prior attempts to pass his so-called Audit the Fed legislation calling for a Government Accountability Office review of the Federal Reserve. It looked like Paul might...Read More
A multidisciplinary and multiethnic team of scientists just published a paper in Nature where they explain the implications of having found calcium silicate perovskites contained within a tiny South African diamond.The gem was dug from the Cullinan mine, located 40 kilometres east of Pretoria, where the world's largest rough diamond was found in 1905. The mine was also the source of two of the lar...Read More
A multidisciplinary and multiethnic team of scientists just published a paper in Nature where they explain the implications of having found calcium silicate perovskites contained within a tiny South African diamond.The gem was dug from the Cullinan mine, located 40 kilometres east of Pretoria, where the world's largest rough diamond was found in 1905. The mine was also the source of two of the lar...Read More
A multidisciplinary and multiethnic team of scientists just published a paper in Nature where they explain the implications of having found calcium silicate perovskites contained within a tiny South African diamond.The gem was dug from the Cullinan mine, located 40 kilometres east of Pretoria, where the world's largest rough diamond was found in 1905. The mine was also the source of two of the lar...Read More
Carube Copper Corp. (TSXV:CUC) (the 'Company') is pleased to announce that the Company has increased the maximum amount of its private placement financing from $1.2M to $3.0M.Read full newsRead More
GCM Resources (LON:GCM) shares jumped 23% higher to 28p in late afternoon trading after the exploration group signed a joint development agreement with its strategic partner China Gezhouba Group International Engineering for the Phulbari Coal and Power Project in Bangladesh.The AIM-listed firm said the agreement outlines the parties' roles and responsibilities in pursuing approva...Read More
SANTIAGO, March 9 (Reuters) - Chile's development agency Corfo said on Friday that companies from China and South Korea, as well as Chile, had been approved to make investments of around $754 million in the red-hot lithium industry.The companies selected in a bidding process to develop technology focused on the lithium market were Chile's Molymet and China's Sichuan Fulin Industrial Group, a joint...Read More
Strong sell-off expected in the June quarterRead full newsRead More
(Reuters) - U.S. energy companies this week cut oil rigs for the first time in seven weeks even as crude prices hovered near a three-year high, prompting more drillers to boost spending plans for 2018.Drillers cut four oil rigs in the week to March 9, bringing the total count down to 796, General Electric Co's Baker Hughes energy services firm said in its closely followed report on Friday.The U.S....Read More
It was a strong week for U.S. stocks, with the Nasdaq Composite (IXIC) rallying to record highs and set to extend its daily win streak to six. These gains weren't missed on the Dow Jones Industrial Average (DJIA) or S&P 500 Index (SPX), which are both ready to notch solid weekly wins, as well. It wasn't always smooth sailing for stocks, with trade war fears lingering throughout the week as Preside...Read More
SANTIAGO, March 9 (Reuters) - Chile on Friday approved an increase in U.S. miner Albemarle Corp's annual lithium production limit in the salt flats of the Salar de Atacama, freeing the company to take advantage of soaring prices for the the metal used in electric car batteries.The increase, authorized by Chilean development agency Corfo, which oversees the northern Chilean lithium deposits, allows...Read More
(Reuters) - Lloyd Blankfein could step down as Goldman Sachs Group Inc (GS.N) chief executive as soon as the end of the year, the Wall Street Journal reported on Friday, swiveling the focus tofierce competition between the two contenders to replace him.Blankfein, 63, one of the longest-serving CEOs on Wall Street, has led what is viewed as the most powerful U.S. investment bank for nearly 12 years...Read More
Stitch Fix Inc (NASDAQ:SFIX) is expected to report fiscal second-quarter earnings after the market closes on Monday, March 12. This will be just the second time the retailer has reported earnings as a publicly traded company, and ahead of the event, the stock is down 2.7% to trade at $22.40. Nevertheless, SFIX options are pricing in an outsized move for Tuesday's trading. In terms of earnings re...Read More
The small contrarian gold-mining sector remains deeply out of favor, universally ignored. Thus the gold stocks are largely drifting listlessly, totally devoid of excitement. But that's the best time to buy low, when few others care. The gold stocks continue to form strong technical bases, paving the way for massive mean-reversion uplegs. And they remain exceedingly cheap relative to gold p...Read More
The small contrarian gold-mining sector remains deeply out of favor, universally ignored. Thus the gold stocks are largely drifting listlessly, totally devoid of excitement. But that's the best time to buy low, when few others care. The gold stocks continue to form strong technical bases, paving the way for massive mean-reversion uplegs. And they remain exceedingly cheap relative to gold p...Read More