I was at the Cambridge House Toronto show last week talking about how cheap Northern Dynasty was, and this week Anglo pulls out of the project.
The reasons why I think Northern Dynasty is cheap still hold:
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I was at the Cambridge House Toronto show last week talking about how cheap Northern Dynasty was, and this week Anglo pulls out of the project.
The reasons why I think Northern Dynasty is cheap still hold:
The Oreninc Index fell for the third straight week for the week ending September 12, 2013. Total dollars announced fell to $23.12m on 27 deals, three of which were brokered for $9.82m. Average deal size stumbled to $0.86m, its lowest level and the first time it’s fallen below $1m in 36 weeks. After a promising August, summer stagnation seems to be lasting longer than in previous years, bleeding into a time that has traditionally been active in the financing markets.
The step you hit one step after rock bottom.
I have been accused of writing everything I write in religious and food terms, so let’s start talking about the public markets in addiction terms.
The Oreninc Index fell for the holiday-shortened week ending September 5, 2013. Total dollars announced fell to $36.87m, with $13.5m of that being raised on six brokered deals. Total deals fell to 27, which is likely a product of the Labour Day holiday in both Canada and the United States. While the index is volatile, we do expect it to trend upwards as we move deeper into Fall.
(Click here to see Episode 2 of OrenincTV: Why the CNSX?)
The Oreninc Index fell slightly for the week ending August 29, 2013. While the five-week moving average also dipped, it sits at the second-highest level since March. Total number of offerings has remained high, and the last four weeks has seen more offerings announced than any other four-week period this year to date. From a broad sense, it seems that market sentiment is becoming more positive as the summer holidays wrap up.
I gave a shout out about copper to an old team at a conference. Back when I worked at D.E. Shaw, I learned the value of a good team. I learned that five people working together could get a multiple of the work of one done. Back then, I had my team in India and I worked from the U.S., but even then it really helped me accomplish stuff. The most important thing I learned was the value of great people around you.
