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Oreninc Blog

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Oreninc Index Update: May 23, 2013

Oreninc Index Update: May 23, 2013

Oreninc Index Up During Holiday-Shortened Week

Note: The Oreninc Index image below has changed since indexes before May 2013. The weekly state of the market is now the purple line and the five-week moving average is the grey area.

The Oreninc Index climbed to a three-week high during the holiday-shortened week ending May 23, 2013.  Total dollars announced was down while brokered dollars announced jumped to a three-week high and the second highest in seven weeks.  Next week will likely be slow with market closures in the United States and United Kingdom.

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Oreninc Index Update: May 16, 2013

Oreninc Index Update: May 16, 2013

Oreninc Index Falls for Two Consecutive Weeks

Note: The Oreninc index image below has changed since indexes before May 2013. The weekly state of the market is now the purple line and the 5-week moving average is the grey area.

The Oreninc Index has returned following a one-week hiatus as most of the team traveled to New York City for the Metals & Minerals Investment Conference. Welcome to all of the new subscribers!

The Index fell for two consecutive weeks ending May 9 and May 16, 2013, changing the five-week moving average to its lowest in 2013 and its lowest level since August 2012. The markets remain incredibly soft and as summer and the Canadian exploration season begins, there is no reason to expect a stunning turnaround in the short term.

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Oreninc Index Update: May 9, 2013

Oreninc Index Update: May 9, 2013

On Hiatus - Metals & Minerals NYCThe Oreninc Index is on hiatus this week while the majority of the Oreninc Team is in New York City for the Metals & Minerals conference. Stop...
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Oreninc Index Update: May 2, 2013

Oreninc Index Update: May 2, 2013

Oreninc Index Jumps to Seven-Week High

Note: The Oreninc Index image below has been inverted from previous weeks. The weekly state of the market is now the purple line and the five-week moving average is the grey area.

The Canadian resource financing markets continue to slump even as the Oreninc Index reaches a seven-week high during the week ending May 2, 2013. The major driver of this week’s Index was a single large offering. Had that offering not occurred, the week would have been flat. While it is nice to see large companies still being able to raise money, the Index bump is likely not a positive indication for mining juniors.

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Oreninc Index Update: April 25, 2013

Oreninc Index Update: April 25, 2013

Oreninc Index Falls for Third Straight Week

The markets continue to slump as the Oreninc Index fell for the fourth time in six weeks during the week ending April 25, 2013.  The five- and three-week moving averages both fell to their lowest levels since last August.  Total dollars announced was up from last week, but broker dollars announced fell significantly.  The markets are not rebounding, and banks continue to struggle finding investors for early-stage exploration.

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Oreninc Index Update: April 18, 2013

Oreninc Index Update: April 18, 2013

Oreninc Index Stumbles to Nine-Week Low

The Oreninc Index fell to its lowest level since February for the week ending April 18, 2013. Total money announced fell to to its lowest level in 2013.  Despite the overall drop in money announced, total brokered dollars announced remained almost flat.  Unfortunately, here has been a 70% drop in total dollars announced when comparing Q1 2011 to Q1 2013.  The equity market slump is continuing, with no clear sign of when a turnaround is likely to hit.

  

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Oreninc Index Update: April 11, 2013

Oreninc Index Update: April 11, 2013

Oreninc Index Stumbles After Two-Week Climb

The Oreninc Index fell to a two-week low for the week ending April 11, 2013.  Despite the total number of brokered and bought deals reaching a four-week high, the financing markets are clearly continuing to struggle. The recent drop in spot gold may increase concern regarding investing in gold properties--something that may drive the Index even lower given the significance of gold exploration within the Canadian resource financing market.

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Oreninc Index Update: April 4, 2013

Oreninc Index Update: April 4, 2013

Oreninc Index Up During Holiday-Shortened Week

The Oreninc Index continued its climb during the holiday-shortened week ending April 4, 2013.  There were few significant changes between last week and the one preceding it, and adjusted calculations for weeks with fewer trading days caused most of the gains. However, positive market changes did include one bought deal and a slight overall increase in total money announced. 


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Oreninc Index Update: March 28, 2013

Oreninc Index Update: March 28, 2013

Oreninc Index Up Even with No Bought Deals Announced

The Oreninc Index climbed to a two-week high during the week ending March 28, 2013. Total dollars announced for the week were up, total offerings announced were down, and no new bought deals were announced for the first time since February.  The markets continue their weak journey through 2013, but on a more positive note, the average offer size for March was $4.7 million, up 67% from an average of $2.8 million in January and February.

a1sx2_Original1_Index-Image_March-28-large.png

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Oreninc Index Update: March 21, 2013

Oreninc Index Update: March 21, 2013

Oreninc Index Falls to Five-Week Low

The Oreninc Index fell to a five-week low for the week ending March 21, 2013.  Total deals announced was up, however average offer size was down significantly.  The largest factor was changes in brokered offerings from last week, with total brokered dollars announced just one sixth of the week before. The markets have remained very soft, which can be seen by three companies withdrawing offerings they didn’t feel could be supported.  

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