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Canadian Stocks Are Struggling In Early Trade — Canadian Commentary

Canadian Stocks Are Struggling In Early Trade — Canadian Commentary

( – The Canadian stock market is trading to the downside Friday morning, following two days of gains. The continued rise in crude oil prices is providing some relief in early trade. However, many sectors have slipped into the red. Healthcare … Continue reading at

Toronto Stock Exchange and Canadian dollar poised to end week lower

TORONTO – After enjoying a big boost from the U.S. Fed Reserve, the Toronto stock market and Canadian dollar were both poised to decline at the end of the trading week. At mid-afternoon Friday, the Toronto Stock Exchange’s S&P/TSX composite index was down … Continue reading at

Alex Douglas Mcgregor Sells 20,000 Shares of Royal Bank of Canada (RY) Stock

6,915,159 shares of the company's stock traded hands. Royal Bank of Canada has a 1-year low of $ 64.52 and a 1-year high of $ 81.53. The company has a market capitalization of $ 111.74 billion and a PE ratio of 11.30. The firm's 50 day moving average … Continue reading at

Stock Market Tips

Canadian Energy Services & Tech Corp (CEU) Insider Sells C,152.53 in Stock

The stock had a trading volume of 2,282,067 shares. Canadian Energy Services & Tech Corp has a one year low of $ 2.91 and a one year high of $ 7.89. The company has a market capitalization of $ 752.09 million and a PE ratio of 19.06. The firm's 50-day … Continue reading at

TransCanada’s Perfectly Canadian Deal

When rumors first surfaced last week that the Canadian firm might buy Columbia Pipeline Group, I explained here how a deal would help TransCanada defend against U.S. shale gas muscling into its home market … is notable that the stock, while lower … Continue reading at

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Canadian stocks surge

Canada’s main stock market in Toronto rallied as resources stocks were boosted by crude oil prices and US Fed rate decision. The Toronto Stock Exchange’s benchmark Standard & Poor’s/TSX Composite Index gained 77.82 points, or 0.58 percent, to close at … Continue reading at

Toronto stock market lags US counterparts, loonie up

The Toronto Stock Exchange’s benchmark Standard … The last time the Canadian dollar closed above the 77-cent mark was on October 20, 2015 when it finished at 77.03 cents US. Other market indexes and most major commodities were relatively flat, although … Continue reading at

Canadian Stocks Are Struggling In Early Trade  Canadian Commentary

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* September 4, 2013 — Tracy Weslosky, Publisher of InvestorIntel, interviews Ian Chalmers, Managing Director of Alkane Resources Ltd. (ASX: ALK | OTCQX: ANLKY) and discusses Alkane’s +40% July increase in its share price as well the company’s agreement with Treibacher for production of ferro-niobium, future benchmarks and sets the record straight with regards to REE processing. You don’t want to miss this…

Discussing the catalyst that helped launch the movement in Alkane’s stock price, Chalmers states: “The market itself is starting to change and starting to evolve. It’s gone over the trough of the depression that we’ve all been through and we’re starting to come out of that. We’ve added a couple of new senior staff appointments to the company, namely Chief Operations Officer, Nicholas Earner. Mr. Earner has had a lot of experience running the kind of plant that we’re going to be building for the Dubbo Zirconia Project, so that was important. Also very important was the announcement of the joint-venture structure we put in place with Treibacher (Austria’s Treibacher Industrie AG).

“There are two aspects to what we are,” according to Chalmers. “First of all, Alkane is a multi-commodity company, so yes, we have big involvement in the rare metals and rare earths industry, through the Dubbo Project, but we’re also a gold company. We’re about to go back into production with gold and we’ll be producing gold early in the new year. That’s two aspects. But the Dubbo Zirconia Project is still the key project in the company. Gold is fine, gold will generate about AUD million a year cash flow for us, but the Dubbo Project is a substantial asset and a substantial project. It’s a project that’s quite different compared to most others, in the sense that it will produce zirconium, niobium, a light rare-earth concentrate, a heavy rare-earth concentrate and it’s very advanced. That probably differentiates Alkane Resources somewhat.”

When discussing benchmarks for the remainder of 2013, Chalmers commented: “We’re looking forward to a number of benchmarks, namely getting our Environmental Impact Statement (EIS) for Dubbo which will be a very big step for us. We’ll have other benchmarks with our gold project; the construction is well advanced and nearing completion. But with Dubbo, particularly next year, will be about getting the EIS approved — somewhere around May or June 2014, and putting all the funding in place around the same time. Then we’ll be pushing the button, ready to go, sometime in the second half of the year. A lot of big things happening.”

Tracy addresses the discussion (incorrect commentary) on InvestorIntel regarding Alkane’s proposed processing facility and what the company has planned for processing. “As a leader in this industry, Ian, I’d like you to set the record straight.”

“Thank you, Tracy, and thank you for the opportunity. I do follow what Jack Lifton and Dudley Kingsnorth have said and I’ve read the commentary and there were some comments like: ‘Alkane has done its process testing on a laboratory scale, but hasn’t proved it’ or that we’ve struggled with the demonstration plant or the pilot plant… and I really do need to set the record straight. That pilot plant has been running now for five years. We have no issues in producing a high-quality zirconium product or a high-quality niobium product. We produce a 99% light rare-earth oxide concentrate and we produce a 95% heavy rare-earth concentrate. The two rare earths have a deal in place with Shin-Etsu (Editor: Shin-Etsu Chemical Co. Ltd. is the largest chemical company in Japan and is ranked No. 9 in Forbes Global 2000 for the chemical sector) that will take those two concentrates and do all the separations on them. If we had a problem with processing, I must admit I’m lost to say where that problem is because we’ve been doing it now (successfully) for a number of years.”

Disclaimer: Alkane Resources Ltd. is an advertorial member of InvestorIntel.

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