Oreninc Blog

Oreninc Blog

Index updates, Top 10 financings, Presentations, Partner updates and much more …

Oreninc Index Update: June 20, 2013

Oreninc Index Five-Week Moving Average Climbs for First Time in Four Weeks

The Oreninc Index five-week moving average climbed for the first time since late May and for just the second time since April for the week ending June 20, 2013.  Even with the increase, the five-week moving average is still at the second lowest level YTD. In positive news, last week had the most bought deals announced since April; however, they were unusually small. The next two weeks may be even slower still due to Canada Day.

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Why the Consolidation of Media Is Bad for Junior Mining Stocks

Twenty years ago, regional papers were writing meaningful regional mining business stories. I could expect to see significantly different localized content in Calgary vs. Toronto.  Today, when you look at the top mining journalists, they are all chasing the same big cap stories.

 

 

There is lots of noise and other stuff in the blogosphere to make up for that, but none of that has the independence of traditional media. (There is no independent research either; unless a company wants the research published, there is nothing published.)

 

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Oreninc Index Update: June 13, 2013

Oreninc Index Five-Week Moving Average Drops to YTD Low

The Oreninc Index five-week moving average fell to a year to date (YTD) low and the lowest level since last August for the week ending June 13, 2013. Unfortunately for junior resource companies, the financing market is still two months away from the bottom of the traditional yearly cycle. Expect to see many more desperation financings as the summer continues and don’t be surprised if there aren't as many drill results being published come the Fall due to exploration money not showing up yet this year.

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Thank You, Dad

I grew up in this business, literally. I was homeschooled and spent years of my life following my father around as he did business. I grew up walking the streets of Calgary, couriering documents. I grew up in a mineral recession, I know what it means when the world shuts its doors to our industry, and I understand what failure can feel like. 

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Oreninc Index Update: June 6, 2013

Oreninc Index Climbs to Two-Week High

The Oreninc Index climbed to a two-week high and the second highest in five weeks for the week ending June 6, 2013. The Index jumped slightly following the two holiday-shortened weeks; however, the five week moving average fell for the second straight week. One additional positive note was the increase in brokered offerings, the most since mid-April.  

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Oreninc Index Update: May 30, 2013

Oreninc Index Falls to Lowest Level since July 2012

Note: The Oreninc Index image below has changed since indexes before May 2013. The weekly state of the market is now the purple line and the 5-week moving average is the grey area.

The Oreninc index fell to a YTD low and its lowest level since last July for the week ending May 30, 2013.  Total dollars announced fell to a three-week low.  This week’s sharp drop was mostly due to just one brokered offering being announced, leading to the lowest brokered dollars announced since January.  In addition, the markets may have been particularly weak due to the holidays in the U.S. and U.K. Next week may see some increase purely because of no markets having closures, but don’t expect a stunning rebound.

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Are We There Yet?

Are we there yet?

 

My kids ask this on every road trip. It starts when we get about 20 minutes from the house and about one hour before we get “there”.... The thing is, they don’t really know where we’re going and they don’t know what “there” looks like. They know where they started from, they know what they have to distract themselves over the trip, and they even know how many snacks there are to eat--they just don’t know the destination.

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Oreninc Index Update: May 23, 2013

Oreninc Index Up During Holiday-Shortened Week

Note: The Oreninc Index image below has changed since indexes before May 2013. The weekly state of the market is now the purple line and the five-week moving average is the grey area.

The Oreninc Index climbed to a three-week high during the holiday-shortened week ending May 23, 2013.  Total dollars announced was down while brokered dollars announced jumped to a three-week high and the second highest in seven weeks.  Next week will likely be slow with market closures in the United States and United Kingdom.

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Oreninc Index Update: May 16, 2013

Oreninc Index Falls for Two Consecutive Weeks

Note: The Oreninc index image below has changed since indexes before May 2013. The weekly state of the market is now the purple line and the 5-week moving average is the grey area.

The Oreninc Index has returned following a one-week hiatus as most of the team traveled to New York City for the Metals & Minerals Investment Conference. Welcome to all of the new subscribers!

The Index fell for two consecutive weeks ending May 9 and May 16, 2013, changing the five-week moving average to its lowest in 2013 and its lowest level since August 2012. The markets remain incredibly soft and as summer and the Canadian exploration season begins, there is no reason to expect a stunning turnaround in the short term.

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NIMBY: Not In My Backyard

NIMBY: Not In My Backyard

Lots of coal-based projects have been killed or delayed this week. I am not sure that coal is the solution to all problems, but I think we need to be rational about what we are doing around it.  We are killing coal mines in BC that are doing coking coal, and we are exporting petroleum coke vs. processing it into electricity in America or Canada where we will scrub it and clean it. 

You want your iPad, iPod, car, house, light bulb, TV.... You want your food to come in a box and be affordable, you want your meat to be clean and fairly cheap. You want electricity to come out of the wall without any fuss. The key is that you want EVERYTHING to happen somewhere else. 

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