The Gold Report
Notable Quotes
"ICG has closed a CA$2.5M flow-through placement." (12/24/15) Integra Gold Corp. - Thibaut Lepouttre, Caesars Report More >
"The exploration upside at MAG's Juanicipio project is substantial." (12/23/15) MAG Silver Corp. - Gwen Preston, Resource Maven More >
"AKG's management continues to deliver on its development milestones." (12/22/15) Asanko Gold Inc. - Nana Sangmuah, Clarus Securities More >
"We are initiating coverage on KDX with a Buy rating." (12/21/15) Klondex Mines Ltd. - Don Blyth, Paradigm Capital More >
"VIT's Eagle is a shovel-ready, fully permitted, prefinanced gold project." (12/17/15) Victoria Gold Corp. - Tom Hayes, Edison Investment Research More >
Bolivia Mine Nationalization No Threat to SAC
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Ticker Trax (04/15/2011)
"South American Silver shares on the TSX got clocked. The Bolivia enterprise lost 21% in a day (Thursday) on 11 times its usual trading activity. On Friday the stock shot forward again. SAC Board Member John Watson told me, 'Bolivia is re-nationalizing a couple of operations that were sold off to Glencor back in the 1990s. Spooked the market, but not likely to be applicable to SAC.' All well and good. In the wake of Bolivia nationalizing efforts on four mines in that country, investors are wary. Enough so that SAC Friday said its concession in Bolivia has no government link that would require nationalization of the mine. Bravo for an informative press release. The $200M market-cap SAC has plenty of shares that plenty of short sellers covet. Mr. Watson hopes this is just a 'good chance to reboot the share price." Ticker Trax |
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Under SEC rules, analysts are required to disclose their interest in securities that they cover. We strongly encourage you to contact them to understand any potential conflicts of interest they may have.
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