The famous Lex Dornbusch of financial crises is that they take longer to hit than you think, but then unfold much faster than you ever thought possible (reports Ambrose Evans-Pritchard in London’s Daily Telegraph).
Every hedge fund in Mayfair knew that Turkey was an accident waiting to happen. It was odds-on favourite to be the first of the big emerging market economies – along with Argentina - to face trouble as the US Federal Reserve raised interest rates and drained the pool of global dollar liquidity.
PolarX has made an exceptional start on a new drilling program at its Alaska Range project, announcing today that the first hole returned 55m at 2.8 grams of gold per tonne and 0.6 per cent copper from just 2.5m below surface (reports Stockhead).
If the investor turnout at this week’s shareholder meeting for Venturex Resources (ASX: VXR) is anything to go by, the emerging base metals developer is very much a stock on the rise in the junior resource sector.
Capricorn Metals (ASX: CMM) expects to receive the final government permit it needs to catapult the Karlawinda Gold Project into production near Newman in W.A, expected to be sometime before the end of August (reports The West Australian).
Hill End Gold has joined the High Purity Alumina revolution and its shareholders could make a 500 per cent return from the stock over the next 12 months, a new research report says (reports Stockhead).
Having completed a 54-hole maiden drilling campaign, Hylea Metals claims it is “increasingly clear that Tiger’s Creek (in New South Wales) is emerging as a significant cobalt-nickel-platinum-scandium discovery” (reports MiningNews).
New research report finds investors stand to make five times their money as Hill End prepares to supply lithium battery and LED light makers
Hill End Gold has joined the high purity alumina revolution and its shareholders stand to make a 500 per cent return from it over the next 12 months, a new research report says.
The report by Independent Investment Research senior analyst Mark Gordon values Hill End shares at 38c. This compares with their current price of ~6c, which gives the company a market capitalisation of less than $10 million.