Raiders target Rayrock
In bear markets, some companies are worth more dead than alive. That appears to be the hard-nosed rationale behind Quest Ventures’ effort to gain control of Rayrock Resources (RAY-T), in which it hold…
News
EDITORIAL & OPINION — ODDS ‘N’ SODS — Making the grade
I became an assistant mine inspector on March 1, 1916, at which time I moved my family to Sudbury.I was prepared to take it easy for a few days, but on my first day, before breakfast, Tom Sutherland, …
First Dynasty still in red
Though still in the red, First Dynasty Mines (FDM-T) managed to improve its bottom line in the first half of the year.The Singapore-based company lost US$4.5 million in the 6-month period ended June 3…
EDITORIAL & OPINION — Courts ignore greater public good — Usurping democracy
We were heartened that the issue was discussed at all, because a public debate is certainly warranted. Even so, we were less than impressed with the conclusion, proferred by some respected Canadians, …
LETTERS TO THE EDITOR — National standard urged for qualified persons
Per your editorial “Anyone listening?” (T.N.M., Aug. 17-23/98), we are listening from the trenches and the diamond drill sites. We do need some reasonable qualification that can be policed in order to…
GOLD FUNDS (August 31, 1998)
Gold Funds as of Aug 20, 1998BGRCentralNet Value$12.92$5.98Price$9.30$5.8…
CORRECTIONS (August 31, 1998)
In our Aug. 24-30 issue, we stated that the San Martin deposit of Mar-West Resources (MSR-V) had preliminary metallurgical recoveries ranging from 40% to 80% gold. The correct range is 70-80%.
MINING MARKETS & INVESTMENT NEWS — QUERY — Juniors out of action
I hold common shares of Orecan Explorations and, having done some research, have found little information about the company. I would also like to know what happened to Canreos Minerals, and where this…
MINING MARKETS & INVESTMENT NEWS — EASTERN MARKETS — Gold producers shine despite market doldrums
The Toronto Stock Exchange 300 index plummeted 261.67 points to 6,256.01 during the report period Aug. 19-25, effectively wiping out all that was gained in the previous period.While the market started…
MINING MARKET & INVESTMENT NEWS — NEW LISTINGS — Newly listed Pickle Crow sets sights on past producer
Vancouver-based Pickle Crow Resources (PKL-A) is now listed on the Alberta Stock Exchange, having picked up $700,000 by way of an initial public offering of 2 million shares at 35 cents each.The compa…
GREATEST VALUE TRADED (August 24, 1998)
ExchgVal($000s)HighLowCloseChangeNoranda IncT1239…
Construction around corner for Cheviot coal mine
Construction of the Cheviot coal mine in Alberta is set to begin.Licences issued by the federal government and a provincial environmental review panel specify that the mine’s owner, Cardinal River Coa…