Benjamin Cox gave a guest lecture to Simon Handelsman's Mine Business & Finance graduate class at the University of British Columbia, part two of which focuses on Oreninc's philosophies for selecting...
Index updates, Top 10 financings, Presentations, Partner updates and much more …
The Oreninc Index rose slightly for the week ending March 27, 2014. This week, although better than last week in every measurable way, is still lagging behind where we have been in recent months. Total dollars announced rose to $55.7m, a two-week high. Brokered and bought deals also increased, both with one deal announced for $8m, two-week highs. After last week’s YTD low, any increase, even a small one, is a welcome sight. It will be interesting to see if the Index can sustain this level of financing activity as we head into April.
The Oreninc Index fell dramatically for the week ending March 20, 2014. Total dollars announced dropped all the way to $21.5m, a YTD low. Brokered and bought dollars announced also fell, both to ten-week lows of $4m. This is the worst single week drop in performance this year. While dramatic in the size of the fall, this week’s crash isn’t particularly surprising given the distance we now have from the PDAC and the fundraising bonanza that typically surrounds the weeks bracketing it. Expect the Index to remain stagnant as companies start settling down for the spring.
The Oreninc Index fell slightly, but remained strong for the week ending March 13, 2014. Total dollars announced fell to $205m, a two-week low. Brokered dollars announced fell to $161m, also a two-week low. This week stands out due to the sheer number of deals announced (47), as well as the amount of brokered deals announced (18), the latter a 68-week high. While still possibly a product of a post-PDAC fundraising binge, this type of activity in what has been a stagnant financing season is encouraging news. It will be interesting to see if this continues as we head deeper into Spring and farther away from what is historically the most active period of the financing season.