QRC, RIO, EDV
Queen's Road Capital aka QRC has announced its stock will graduate from the TSXV exchange to the main TSX exchange this coming Wednesday. One assumes this will make them more palatable to the kind of well-heeled investors they cater to (with the rest of us along for the ride).
ca.finance.yahoo.com
And we got a brief update from Rio2 aka RIO about its Fenix gold mine under development in Chile. We had recently got word that one consultant has recommended against approving RIO's EIA application, necessary to begin construction, because apparently it needed more information. The Comisión de Evaluación Regional, the committee which can actually approve the EIA, was supposed to meet last Friday to decide whether they should delay the approval of the EIA due to the consultant's report, but instead postponed their meeting to tomorrow. From what I have been able to gather, RIO themselves had nothing to do with the delay, but it certainly gives them a bit more time to lobby and continue collecting data that might be required.
I will also mention that all the local authorities, including the regional environmental board, are fully in favour of building Fenix, so if it is voted down, you will it is the result of pressure, if not direct orders, of the recently elected President of Chile.
Keep an eye on the IKN blog for updates, and I am sure RIO will PR the results of the meeting themselves.
ca.finance.yahoo.com
Edison has released on a new report on African gold miner Endeavour Mining aka EDV which is available at the link below. You may have to sign up for a free membership.
edisongroup.com
I will also mention that Steve Saville, who until recently thought the chances of gold trading at an all-time high in 2023 and the equities following were very good, has pulled back on that call of late. Indeed, he now sees the possibility of HUI exceeding the high it set in March 2002 during 2023 as very low. |
