In what is expected to be an ongoing series of videos, Benjamin Cox discusses how assets are typically bought and sold, and how that affects the mining markets ecosystem.
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Index updates, Top 10 financings, Presentations, Partner updates and much more …
The Oreninc Index jumped to its highest level in seven weeks for the week ending May 1, 2014. This is the first significant jump the Index has made in any direction in six weeks. Total dollars raised exploded to $131.5m on 30 deals, a four-week high. Brokered and bought deals both jumped up, going to $102.2m and $37.2m, seven- and three-week highs respectively. While only one week, it’s good to see some movement in the financing markets heading into May. That being said, don’t hold your breath on any significant run of increased Index performance, especially as we approach the summer months.
The Oreninc Index stayed at its flattest level in over two years for the week ending April 24, 2014. Breaking away from its usual volatility, the Index has stayed at a consistent level for the last five weeks. Total dollars announced fell to $50.1m, a four-week low. Brokered deals also fell, going to three deals for $29m, a four-week low; bought deals were up to $25m on one deal, a two-week high. The Index's level remained unusually steady compared to previous weeks, a trend that will likely return to its more typical fluctuations.
The Oreninc Index remained stagnant for the fourth straight week for the week ending April 17, 2014. The five-week moving average fell to its lowest level since Summer 2013. Total dollars announced dropped to $71m, a two-week low. Five brokered deals were announced for $32.1m, also a two-week low; one bought deal was announced for $8m, a four-week low. While it certainly could be worse, the Index remaining at this relatively low level for an extended period of time is concerning. Let’s hope that this does not mean investors -- and with them, juniors’ ability to raise cash -- have started summer hibernation early.
The Oreninc Index fell to a three-week low even while total dollars announced increased during the week ending April 10, 2014. Total dollars announced increased to a four-week high; brokered and bought deal dollars raised also climbed to four-week highs. On the downside, the five-week moving average fell to its lowest level since September 2013. The markets are down from the start of the year, but remain at higher levels than 2013.
The Oreninc Index continued to creep up slightly for the week ending April 3, 2014. While not showing any significant gains, the increase in performance is a positive development. Dollars announced increased to $60.7m, a three-week high. Eight brokered deals were announced for $30.2m, and three bought deals were announced for $23.2m, both three-week highs. Although the Index improved for the second straight week, the five-week moving average fell to its lowest mark in six weeks; it may stay at this level for the foreseeable future as the big dollar financings start to melt away.
