Five Perth -
based junior miners and explorers have announced plans to raise a combined $ 29.8 million to fund ongoing work at their respective projects, with Excelsior Gold also attracting a new cornerstone investor.
Perth -
based junior miners MOD Resources, Primary Gold and Alloy Resources have announced plans to raise a combined $ 10.4 million to fund ongoing work at their respective projects
West Perth -
based junior miner African Energy Resources has farmed out a 51 per cent stake in its Sese coal and power project in Botswana to a Vancouver - based firm for $ 8 million.
Not exact matches
They then test the strategy on each of the triple / inverse triple (3X / -3 X) pairs associated with the following six
base ETFs: Financial Select Sector SPDR (XLF: FAS / FAZ), Powershares QQQ (QQQ: TQQQ / SQQQ), iShares Russell 2000 Index (IWM: TNA / TZA), SPDR S&P 500 (SPY: UPRO / SPXU), VanEck Vectors
Junior Gold
Miners ETF (GDXJ: JNUG / JDST) and Energy Select Sector SPDR (XLE: ERX / ERY).
This ensures that
junior miners will attend and participate, since that is the fundamental aspect on which the event is
based — to match
junior miners or exploration companies with investors.
Unfortunately,
junior miners are often in need of cash
based solely on inferred resources, which are really just someone's «best guess» of what happens to be in the ground at the time.
His more bullish gold outlook is
based on seasonality patterns, the long - term
basing pattern of gold, and the leading movements of
junior gold
miners (via GDXJ):