From The Gold Report:
Keith Phillips, a managing director and head of Cowen & Company’s
Mining Investment Banking Group, says strong companies with solid
balance sheets are on the hunt for precious metals development projects
or small producers trading at steep discounts. In this interview with The Gold Report,
Phillips explains that these juniors represent unprecedented value for
acquirers with longer-term goals, and he tracks some potential M&A
prey.
The Gold Report: Canada’s Financial Post reports
that as of July 30, 2014, there have been 41 mining deals worth a
combined CA$7.1 billion (CA$7.1B) in 2014. The total value of the deals
reached CA$9.3B in 2013. Do you believe that total will be eclipsed
before 2015? (more)
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investmentresearchdynamics.com / By David Kranzler / September 3, 2014
[note: the DJUSHB Dow Jones Home Construction Index has hit a new low on the day since I posted this report - it's down
Despite what seems to be an inexorably rising
stock market, the homebuilder stocks continue their negative divergence
from the direction of the general market. In fact, the homebuilder
stocks dropped over 1% at today’s market open despite another
unexplained “pop” in the S&P 500.
The message of the market is unmistakable: the housing sector is tanking (click to enlarge).
This is despite the fact that 30-yr mortgage
rates have come down to their lowest level in a year. That fact that
buyers are disappearing is reflected in today’s mortgage purchase
applications report from the Mortgage Bankers Association which showed
another 2% drop in applications files vs. the previous week and a 12%
plunge from a year ago.
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