Gold has traded between $1,205 and $1,215 so far today…as of 8:00 am Pacific, bullion is up $4 an ounce at $1,209…Silver has pushed 11 cents higher to $16.31…Copper is flat at $2.81…Crude Oil remains weak after yesterday’s big sell-off…WTIC is now under $50 a barrel, down $1.23 at $48.82…the U.S. Dollar Index, meanwhile, has jumped one-tenth of a point to 91.51…
An observation from HSBS analysts: “The ability of Gold to track higher in the face of ostensibly bearish moves in currencies and Oil may mean that bullion investors are beginning to view EUR-USD and/or Oil declines as disorderly and therefore prompting safe haven buying in Gold, or that the Gold market is becoming inured to currency and commodity declines,” they say. “Another explanation is that the equity price declines were significant enough to promote more than offsetting flight to quality buying in Gold. The explanations tend to favor further Gold gains.”
Gold For Canada At World Juniors
Congratulations to our Canadian junior hockey stars who re-captured the Gold medal for Canada with a dramatic 5–4 victory over Russia at the Air Canada Center in Toronto last night…things just aren’t going well for Putin’s Russia these days, and the ruble is tumbling again this morning like it slipped on a patch of Canadian ice…
Today’s Equity Markets
Asia
China’s Shanghai Composite posted a small gain overnight but Japan’s Nikkei average fell 526 points or 3%, putting it near a 3-week low, as trading sentiment was hit by a combination of declining Oil prices and a stronger yen…
Europe
European markets are moderately higher in late trading overseas…on the data front, Markit’s final composite PMI for the euro zone came in at 51.4 – lower than the earlier estimate of 51.7…this is one of the most important forward indicators for the euro zone economy and suggests that the region’s economy grew by just 0.1% in the final quarter of 2014, according to Chris Williamson, chief economist at survey compiler Markit…
North America
The Dow is down another 32 points as of 8:00 am Pacific after yesterday’s steep decline to kick off the first full trading week of 2015…
Below is an interesting chart from www.cross-currents.net that shows the strong (some would say “alarming”) buildup of margin debt in the U.S. stock market in recent years…historically, excessive margin debt has preceded substantial market drops, but “timing” is an issue…analysts have been warning about this for a while now but indices have continued to push higher, thanks in large part to momentum and a very accommodating Federal Reserve…
In Toronto, the TSX is down 106 points as of 8:00 am Pacific while the Venture is off 6 points at 688…
Yesterday, the TSX recorded its biggest single-day percentage drop in about 20 months, tumbling nearly 2.5% as the energy sector shed another 6.5%…it has lost about a third of its value in the last 6 months…
Crude Oil Update
The huge drop in Oil prices since last summer is no barrel of fun for many, but there are certainly some offsetting benefits…
Canadian drivers could save as much as $12 billion at the pumps in 2015, according to a new report, if Oil prices stay low throughout the year…if Canadians continue to pay about 98 cents a litre, which was the average gas price in Canada at the close of 2014, that could mean weekly savings of approximately $25 per household…
That adds up to $100 per month, or $1,200 per year, multiplied by more than 8 million Canadian households with cars…
Putting Governments On A Forced Diet
A CIBC World Markets report released last month estimated that the federal and provincial governments in Canada stand to lose a combined $13 billion on plummeting Oil prices…
But is that such a bad thing?…governments at the provincial and federal levels are losing out on money, forcing them to live more within their means, manufacturers are benefiting from a lower Canadian dollar because of the Oil price plunge, while consumers across the country are receiving what amounts to a significant tax cut…while there are certainly some negatives for Canada in the new world order for Oil prices, including of course the loss of investment and jobs directly and indirectly related to the energy sector, as a whole this dramatic event could turn out to be a net positive…it certainly is for the United States, Canada’s largest trading partner, and a healthy U.S. is essential for a growing Canadian economy…
WTIC Long-Term Weekly Chart
Based on a major chart breakdown in the fall and weak fundamentals (oversupply and the apparent determination of the Saudis to encourage lower prices to achieve certain objectives including the weakening of Iran and the U.S. shale industry), we’ve consistently maintained that Crude Oil would drop into the $35 to $50 range – and that time has arrived, perhaps even sooner that many observers expected…
Technical support is the strongest between $35 and $40, and it was the $40 level where Oil topped out between 2000 and 2004…
This long-term weekly chart shows extremely oversold conditions that are unprecedented going back 2 decades…keep in mind, markets often do go to extremes – more so in today’s media and information saturated world driven so much by the Internet…
Given the extreme nature of this chart (RSI-14 at 10%, ADX indicator has gone crazy), it’s safe to assume we’re going to see continued volatility…at some point fairly soon, we’re likely going to see a sharp rebound but that could be followed later by new lows…
Bottom line – $40 Crude appears to be a virtual certainty, and at that point some incredible bargains will open up in the energy sector…
TSX Gold Index-Crude Oil Comparative Chart
The drop in Oil prices will assist Gold producers’ efforts to trim costs, and the weak Canadian dollar is also a boon for Canadian Gold producers who are now fetching over $1,400 Canadian per ounce…
Historically, the TSX Gold Index has responded bullishly to a drop in Oil prices – not always initially, but soon thereafter…conversely, Gold stocks have consistently run into trouble when Oil has exceeded $100 a barrel…
In this comparative chart going back to 2001, you can see how history is once again repeating itself – the TSX Gold Index is now moving in the opposite direction of Oil…it’s reasonable to expect that Gold producers’ stock prices during 2015 will once again return to a period of relative out-performance vs. Oil…
TSX Gold Index Chart Update
After a couple of months of trying, the TSX Gold Index is finally gaining some traction above its 50-day moving average (SMA), and what to look for now is whether the 50-day will hold as new support and ultimately reverses to the upside…
The Gold Index is looking healthier but still faces some major challenges including a stiff band of Fib. resistance between 158 and 176…it may take some time to work through that, we’ll see…
The Gold Index is up 7 points at 162 as of 8:00 am Pacific…
Richmont Mines (RIC, TSX) Update
In late September/October and into early November, Richmont Mines (RIC, TSX) was a steal as it retreated to strong support at its uptrend line while the company continued to put out robust results from its operations in Ontario (Island Gold mine) and Quebec…Richmont is a classic example of a Canadian producer that’s enjoying a double-whammy benefit – sort of like the icing on a very delicious cake in this case – from a weak loonie and a collapse in Oil prices…
Richmont has both price momentum and earnings momentum as 2015 begins…in addition, the company is starting the process of extracting a game-changing 1 million ounce high-grade resource beneath existing workings at its Island Gold Mine in northern Ontario…
RIC, with only 48 million shares outstanding, has virtually no debt and is sitting on cash of approximately $40 million…the company recorded adjusted net earnings of 19 cents per share through the first 9 months of this fiscal year including 10 cents per share in Q3…a repeat performance in Q4 would give RIC yearly net earnings of around 30 cents per share…the company expected to produce between 85,000 and 90,000 ounces of Gold in fiscal 2014 – through Q3, 2014 production stood at 71,354 ounces…with no news since mid-November, an update from the company is probably close at hand and more good news is likely on the way given how things have progressed so well in recent months…
Technically, RIC is climbing an upsloping channel that should lead the stock to much higher levels in 2015…RIC represents 1 of the best opportunities in our view in the entire Gold stock sector…
RIC hit a new multi-year high of $4.29 in early trading today, and is up 23 cents at $4.21 as of 8:00 am Pacific…this is RIC‘s 7th straight up day, so an imminent small corrective pullback could be in order…
Kiska Metals Inc. (KSK, TSX-V) Update
Last week, we wrote again about the important new Copper-Gold discovery in north central British Columbia reported in mid-December by AuRico Gold at its Kemess East Property, about 1 km from Kemess Underground which is currently in the permitting stage…
While Kemess East is likely going to get even more interesting, given results such as 768 m of 0.44 g/t Au and 0.39% Cu including 132 m of 0.75 g/t Au and 0.50% Cu in KH-14–04, investors should put the “Quesnel Trough” in general on their radar screens because this is a prolific area that just beginning to heat up again given the Kemess East results…
A picture tells a thousand words…check out the map below and look at that trend…(Kemess East is 6.5 km north of the past producing Kemess South mine)…
About 65 km southeast of the AuRico discovery, the Kliyul Project optioned by Teck Resources Ltd. (TCK, TSX) from Kiska Metals Corp. (KSK, TSX-V) could be where the next discovery occurs in this area…Teck is highly bullish on this project, and for good reasons, and the major is planning an extensive initial drill program as part of its option to earn a minimum 51% interest in the property by spending $5.5 million…
Exploration at Kliyul dates back to the 1940‘s when several Gold-bearing quartz veins were discovered on the property and in its immediate vicinity…
There are numerous geological features at Kliyul that have Teck geologists excited, including Cu-Au bedrock mineralization associated with a monzonite/diorite dyke swarm, gypsum-filled fractures, pyritization and elevated Cu-Au-Mo in silts and soils – these are all consistent with the presence of a porphyry hydrothermal system at depth…
But that’s not all…
The Kliyul zone (an 800 x 800 m magnetic high anomaly) was tested with 21 mostly shallow drill holes (less than 125 m) prior to 1995 which returned significant Copper-Gold intercepts in magnetite breccia…meanwhile, the most recent drilling at Kliyul, in 2006, yielded encouraging Copper and Gold intersections from two deeper holes…KL06–30, a 217.8-metre intersection, averaged 0.52 g/t Au and 0.23% Cu…
In other words, Teck definitely has something to chase here…
Kiska Updated Chart
Kiska is one of those Venture exploration companies that has the strength to survive the worst of bear markets…the fact that this stock is near an historical low, at the same time as developments on the ground in the general area near Kliyul have suddenly turned very bullish, probably explains why bargain hunters are starting to nibble at KSK…
This 2.5-year weekly chart shows rapidly declining sell pressure, a bullish +DI/-DI crossover in December, and exceptional support at 4.5 cents…there could be a huge reward for patient investors if Teck makes a discovery at Kliyul, and Kemess East continues to impress…
KSK is up half a penny at 6.5 cents as of 8:00 am Pacific…
XMET Inc. (XME, TSX-V) Update
The Venture’s “December-January Effect” and historical patterns in XMET Inc. (XME, TSX-V) made for a good short-term opportunity as expected a few weeks ago, as XME hit resistance at 6 cents New Year’s Eve and again yesterday after trading as low as 3 pennies Christmas Eve…
XME is unchanged at 5.5 cents as of 8:00 am Pacific…
Note: Jon holds a share position in RIC.
I forgot who was asking about the support on TLT. The following support levels are:
.45 – soft support
.38 – moderate support
.34 – very strong support
Comment by dave — January 6, 2015 @ 9:08 am
Things aren’t going right for Canada either theses days. It’s time to stop paying attention to Russia and start paying attention to our economy. The oil bubble popped; next up the housing bubble. Russians are used to adversity, they’ll manage just fine. Cuddled Canadians are in for a rude wake up call.
Comment by chris — January 6, 2015 @ 11:01 am
nice mention on kam. atc should piggyback on this pay you would think.
Brent Cook: Investing During the Era of Peak Gold Discoveries. Source: JT Long of The Gold Report (1/5/15) We’ve hit peak economic gold discoveries, but unlike the new fracking technologies that saved the oil industry, there’s no fracking technology to coax mineral wealth from ever-deeper deposits. In the face of this shortage, expert geologist Brent Cook of Exploration Insights is scouting out companies that are cashed up and poised to deliver value when other miners may be left scraping the bottom of the barrel. In this interview with The Gold Report, find out what Cook expects for gold exploration in 2015, and why the next few years are going to be very interesting indeed for yellow metal miners. Peak Gold The Gold Report: Brent, you’ve quoted Goldcorp Inc.’s (G:TSX; GG:NYSE) CEO, Charles Jeannes, saying that we’ve reached peak economic gold production. What led us to this point? Brent Cook: That’s a big question that really goes back to what was happening in the global exploration sector 20+ years ago. I don’t want to get into the peak gold production idea but instead focus on the discovery curve and what’s behind the problem we are seeing in the gold sector. Why aren’t we finding as many gold deposits as we used to, or at least as many economic deposits? In 1995 or so, the discovery boom in the gold sector peaked and that success is largely tied to the opening of large areas of earth that were previously off limits to serious exploration. Since then, exploration success and new discoveries have trended down. However, in terms of gold production, it’s taken about 20 years for all those discoveries to work their way through the system to come into full production. Chart 1 So what Charles Jeannes sees is that in 2015 or so, gold production is going to be tapering off as opposed to expanding. That’s especially true given the current gold price and cost structure. A lot of these companies aren’t making much money, or any money at all. They’ll be shutting down loss-making projects over the coming years. TGR: Are we running out of gold in the world, or did we just not make an investment in a timely manner, say, 20 years ago? “Pilot Gold Inc. is a very smart group that is doing good work.” BC: No, we’re not running out of gold. We’re finding gold deposits, but most of them are not economic. That’s really the issue here. For example, there are 20 million tons (20 Mt) gold in the ocean seawater, but it grades about 13 parts per trillion and will never be economic. It’s that economic hurdle that is really at issue here. In the 1990s, the world opened up to exploration. We found a lot of deposits sitting at the surface in jurisdictions that were once inaccessible, basically the low-hanging fruit. But by and large, there is a finite number of outcropping ore bodies and the few remaining are increasingly difficult to find. We’ve nearly exhausted the surface and are forced to drill for blind deposits through barren rock using really esoteric methods. The odds of success are much lower, and the costs are much higher. I’ll give you an interesting ballpark figure that is based on how geology and the earth work. For every, say, 10 gold deposits of 1 million ounces (1 Moz) grading 1 gram per tonne (1 g/t), the earth formed one deposit of 1 Moz that grades 2.5 g/t. Those are more or less the odds. The problem is that although a 1 g/t deposit may be economic at surface, when it lies under 200 meters of barren cover, it is no longer economic. The unfortunate reality for us explorers is that those odds mean that we are still going to find about ten 1 g/t deposits for every 2.5 g/t deposit. Our economic success rate has to go down, and the data back up that conclusion. That is also the reason we have so many companies boasting NI-43-101-compliant resources that in my view will never be converted to economic reserves—never. TGR: Isn’t there just a lot less investment in exploration happening right now, with companies trying to cut costs? BC: Yes, that’s a really good point. Exploration has been cut to the bone across the sector. In the junior sector, it’s almost impossible to raise money for exploration. So, yes, we’re not spending enough money to find quality deposits, and this situation is going to get worse. Additionally, consider the fact that new discoveries are going to cost more to make because 1) for the most part they are going to be deeper so they will require more drilling just to have a look, 2) as I mentioned previously, we are going to find more uneconomic or marginal deposits than economic ones, and 3) for the most part those uneconomic deposits will have to be drilled out just to see what they grade. So each new economic discovery will cost the industry more than in the past but we are spending considerably less looking. What does that tell you? TGR: What’s the lag time? When are we going to see the effect of that lack of investment? BC: I think we’ll start seeing it next year and, certainly, into the coming years. My investment thesis is that the mining companies that are currently in production are going to eventually wake up to the fact that they have nothing on-line to replace what they’ve been mining. That’s when they’re going to have to go out and buy the few deposits that make money. Those are the deposits you want to own early on. Now the simple fix for what appears to be a fundamental gold supply-demand equation is, of course, higher gold prices. However, I’m not convinced there is, or will be, a gold supply problem that will translate directly into higher real prices that bail out the miners and their marginal deposits. Almost all the gold that has ever been produced is still available in some form or other and much of it potentially for sale at some price. So, unless there’s a real run on gold, as well as gold hoarding, we may not see the gold price rise to compensate for less economic deposits. Plus, as we saw in the last big boom in the gold price, input costs, labor, equipment, supplies, power—everything—rose in tandem with the gold price. So even with $1,300/ounce ($1,300/oz) gold, miners’ margins didn’t increase much. I think it’s going to get really interesting in 2015, 2016 and 2017. Some people are theorizing that new technology is going to change the game, as it did for peak oil. I don’t see it. Hard rock geology and minerals mining are much more complex and difficult than oil and gas extraction. We can and do continually make small improvements in technology, metallurgy and such that take a few dollars or tens of dollars off the per ounce production costs, but those aren’t anything like the fracking technology. TGR: Even when discoveries are made, is it getting more difficult to get permission to mine in many parts of the world? BC: That’s another consideration. Let’s say you do make a discovery. Inevitably, you have social issues to deal with. You have politicians and everyone within a hundred miles yelling for their piece of the pie. You have permitting to go through, and permitting is much more difficult than it used to be. In 1995, it took maybe 10 years to get a big deposit into production. It’s now averaging 10–20 years to get a big deposit into production. So these mining companies have to look at a discovery and make some projections, not just as to what the gold price is going to be 15 years down the road but, also, what the labor costs are going to be, what the power costs are going to be. And those unquantifiable risks keep companies from making investments. TGR: Are there some places that are easier to do business in than others? BC: Most certainly. I think Canada is pretty good, and Quebec is a great place. In the U.S., Nevada, Utah, Wyoming, parts of Idaho are good places to work. Mexico in general and a lot of places in Latin America are good including Peru and Chile, although with Chile one has to consider water and power issues early on. West Africa is generally good. So there are certainly safer places to work. But there’s always a risk things will change politically. We recently saw Zambia raise the royalty on companies from 6% to 20%, and Barrick Gold Corp. (ABX:TSX; ABX:NYSE) shut down its copper mine. TGR: Based on all of that, what companies are doing exploration the right way, have the right teams in place and have the money to execute on them? BC: Not that many. If you’re looking to buy an exploration company, first off is always the people. That’s really critical in an exploration company. Are the technical people on the ground smart enough and competent enough to recognize a good system and explore it properly and, more importantly, do they know when to cut bait? Unfortunately, in this sector, people sometimes keep drilling and drilling and drilling on a project because that’s how they make their living. You want to own a company that has a technical team that knows what a deposit looks like and knows what one doesn’t look like. Then you need a company that has the cash to keep going—there are getting to be fewer and fewer of those—and a share structure that’s not blown out in shape. TGR: What companies do meet those standards? BC: Mirasol Resources Ltd. (MRZ:TSX.V) has been successful in Argentina. It sold a deposit and has on the order of ~$20 million ($20M) now in the bank. It has picked up property in Chile that has never really been explored. The company is having some real success early on in defining these new targets. TGR: Mirasol just released news on that property, the Gorbea property in Chile, and the market seemed to react positively. Does the company have other catalysts coming up? BC: It has a joint venture with First Quantum Minerals Ltd. (FM:TSX; FQM:LSE) in Chile as well, with First Quantum spending ~$5M testing one of its porphyry copper targets. If that hits, it’ll be major. The Gorbea project is very early stage—just trenching, geophysics, geology. But it is finding some really nice-looking targets that I suspect will be drilled in 2015 by a partner. TGR: Your next name? BC: Reservoir Minerals Inc. (RMC:TSX.V) has probably made one of the best discoveries in the past few years in partnership with Freeport-McMoRan Copper & Gold Inc.’s (FCX:NYSE) exploration in Serbia. It defined something like 65 Mt grading 3.1% copper equivalent. This thing sits under 400 meters of barren rock. Reservoir has ~$38M in the bank and a number of 100%-owned projects surrounding the discovery that it is testing right now. A successful discovery there would be huge for the company. And they’re smart people; they know what they’re doing. TGR: What about the African projects? Are you watching those as well? BC: In Cameroon, it is very early stage. It turned up some very encouraging early results, trenching rock samples, that sort of thing. It is a company that will probably joint venture most projects. Certainly in Africa, it builds them up to the stage where there’s a solid drill target and then brings somebody in to drill it and, if it’s successful, mine it. TGR: Great. Another name? BC: Pilot Gold Inc. (PLG:TSX) is a very smart group that is doing good work. Its predecessor sold its project in Nevada to Newmont Mining Corp. (NEM:NYSE). This is a project that Pilot didn’t actually discover, but it brought it forward, explained it to the market and was able to sell it. Pilot has a project in Nevada, Kinsley Mountain, where it discovered Carlin-style mineralization out where nobody expected it. It’s not yet big enough to be economic, but it points to how qualified Pilot is. It has a project in Turkey, TV Tower, in joint venture with Teck Resources Ltd. (TCK:TSX; TCK:NYSE), where Teck is probably going to be contributing 40%. This is a master cluster of porphyry intrusives. I like the look of it. So I think that’s certainly something to watch next year. Again, it is financed. It’s all set. We don’t have to worry about the company going broke. TGR: What are some other companies that fit your criteria? BC: Sometime early this year, I think we’re going to see a bit of optimism in the mining sector, including the gold sector and the junior sector. I wanted to buy some companies that were in safe jurisdictions, were well known and had the cash to move forward. Lake Shore Gold Corp. (LSG:TSX) has turned around its deposit in Ontario. It’s banking good money. It’s paying down its debt. If the market improves, so will the share price. It’s not something that I’m going to hold forever. It’s just hoping to make 20–50% on something into this year. Premier Gold Mines Ltd. (PG:TSX) is a very competent group. It has cash. Its Hardrock deposit actually looks like it’s going to work. That’s something that I think another company should buy. Premier has projects in Nevada and in the Red Lake District of Ontario as well. Kaminak Gold Corp. (KAM:TSX.V) has made a very nice discovery in the Yukon, ~3 Moz gold. A lot of it is oxidized. It looks as if it will work as a heap-leach operation. Again, it’s a safe jurisdiction and it’s a good group. I think it will attract attention, should the market improve next year. TGR: Do all three of those companies have the money to move forward? BC: Lake Shore and Premier certainly do. Kaminak is putting together a feasibility study, so sometime this year it will probably want to raise money. But it’s not going broke, for sure. Ross Beaty and Lucas Lundin just put money into it. TGR: That’s a vote of confidence. BC: It’s pretty encouraging, yes. TGR: You’ve commented that the gold price has held up surprisingly well in many currencies, with much of the downside behind us. You even ventured that we could see some temporary optimism. Give us something to be hopeful about. BC: It’s been bad so long that it has to get good. I think it’s a reasonable speculation that we’re going to see some optimism in 2015, but overall, I’m not terribly positive toward the junior sector or the gold price in the short term. I think 2015 looks a lot like this year did. The upside there is that we’re going to have real opportunities to buy the few quality exploration groups and deposits that will be much more valuable come 2016 and 2017. TGR: Gold prices and junior mining stocks are often very cyclical. You have tax-loss selling, then you have the “January effect” and then “sell in May and go away.” Do those clichés still hold up in today’s market? Can we expect a January effect in 2015? BC: I think so. That’s my bet on those last three stocks we talked about, but who knows. It’s been a pretty crazy couple of years. TGR: Thanks for sharing your insights, Brent. BC: My pleasure. Brent Cook Brent Cook brings more than 30 years of experience to his role as a geologist, consultant and investment adviser. His knowledge spans all areas of the mining business, from the conceptual stage through detailed technical and financial modeling related to mine development and production. Cook’s weekly Exploration Insights newsletter focuses on early discovery, high-reward opportunities, primarily among junior mining and exploration companies. Read what other experts are saying about: Pilot Gold Inc. Want to read more Gold Report interviews like this? Sign up for our free e-newsletter, and you’ll learn when new articles have been published. To see a list of recent interviews with industry analysts and commentators, visit our Streetwise Interviews page. DISCLOSURE: 1) JT Long conducted this interview for Streetwise Reports LLC, publisher of The Gold Report, The Energy Report, The Life Sciences Report and The Mining Report, and provides services to Streetwise Reports as an employee. She owns, or her family owns, shares of the following companies mentioned in this interview: None. 2) The following companies mentioned in the interview are sponsors of Streetwise Reports: Pilot Gold Inc. and Premier Gold Mines Ltd. Goldcorp Inc. is not affiliated with Streetwise Reports. The companies mentioned in this interview were not involved in any aspect of the interview preparation or post-interview editing so the expert could speak independently about the sector. Streetwise Reports does not accept stock in exchange for its services. 3) Brent Cook: I own, or my family owns, shares of the following companies mentioned in this interview: Pilot Gold Inc., Mirasol Resources Ltd., Reservoir Minerals Inc., Kaminak Gold Corp., Lake Shore Gold Corp., Premier Gold Mines Ltd. I personally am, or my family is, paid by the following companies mentioned in this interview: None. My company has a financial relationship with the following companies mentioned in this interview: None. I was not paid by Streetwise Reports for participating in this interview. Comments and opinions expressed are my own comments and opinions. I determined and had final say over which companies would be included in the interview based on my research, understanding of the sector and interview theme. I had the opportunity to review the interview for accuracy as of the date of the interview and am responsible for the content of the interview. 4) Interviews are edited for clarity. Streetwise Reports does not make editorial comments or change experts’ statements without their consent. 5) The interview does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports’ terms of use and full legal disclaimer. 6) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their families are prohibited from making purchases and/or sales of those securities in the open market or
Comment by kc — January 6, 2015 @ 11:20 am
Filings by Transaction Date
Filings by Filing Date
Filings by Insider
Marker
Biz Brief
Markers (TSX Insider Summaries) for GGI on January 5, 2015
[?]
Marker Correction
Trading Date
Ticker
Insider Volume
Average
Buy Price
Average
Sell Price
Buy
Sell
Net
Jan 5/15
GGI
41,500
-41,500
$0.190
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Comment by Dan — January 6, 2015 @ 1:11 pm