Exclusive KE Report Commentary – Thu 8 Mar, 2018

PDAC Recap and Resource Sector Finanicing Data

CEO of Oreninc.com Kai Hoffmann joins me today to provide his recap on the PDAC conference. It’s common to hear primarily bullish comments from conference attendees but what Kai is saying and from a number of other people I have talked to the term subdued has come up a lot.  We also chat about the lack of financing for the sector. While we have seen some high quality companies with oversubscribed financings that is not the case for many of the weaker companies. Kai shares some of his data.

Click download link to listen on this device: Download Show

Click here to visit Kai’s site.

  1. On March 8, 2018 at 2:21 pm,
    Excelsior says:

    How electric cars are driving Copper – and which stocks are winning

    Stockhead – 2 hours ago | Angela East


  2. On March 8, 2018 at 5:37 pm,
    Mickey Mantle says:

    If you are looking for undervalued Copper play. Check out Serengeti Resources. Cashed up for summer drill program. PEA of 600 Million lbs of copper & 600,000 oz of Gold. Ridiculously priced at 15 cents. Was a $4.00 + stock during boom times. Met w CEO at PDAC was very impressed they just acquired some additional very prospective drill targets. Have spent over $20 million in drilling on Kwanka property alone. This one is an absolute winner.

  3. On March 8, 2018 at 7:20 pm,
    Excelsior says:

    James Kwantes, Resource Opportunities | PDAC 2018

    InvestingNews – Mar 8, 2018

    “James Kwantes, editor and publisher of Resource Opportunities, talks to the Investing News Network at PDAC 2018 about the conference and his thoughts on diamond and other commodities.”


    • On March 8, 2018 at 7:22 pm,
      Excelsior says:

      Brian Leni, Junior Stock Review | PDAC 2018

      InvestingNews – Mar 8, 2018

      “Junior Stock Review Founder, Brian Leni talks to INN at PDAC 2018 about the gains in the cannabis and crypto sector in 2017 and shares his thoughts on the zinc space right now. ”


      • On March 8, 2018 at 8:23 pm,
        Excelsior says:

        Adrian Day: 2018 Will be a Positive Year for Gold and Gold Stocks

        InvestingNews – Mar 8, 2018

        “Adrian Day of Adrian Day Asset Management talks to INN at PDAC 2018 about the impact of bitcoin on junior gold stocks. ”


  4. On March 8, 2018 at 7:33 pm,
    Excelsior says:

    Energy Fuels | The No. 1 Producer of Uranium In The United States

    InvestingNews – Mar 8, 2018

    “Energy Fuels (EFR) (UUUU), VP Marketing Curtis Moore talks about important things investors should know about, what makes the company unique, and near-term milestones to watch out for. ”


  5. On March 8, 2018 at 7:47 pm,
    Mickey Mantle says:

    Cory thanks for bringing Kai on. I have listened to him speak at conferences he is one sharp guy. Thx for bringing on quality guests you are turning the KE Report to a must view daily website.Kudos to you.

    • On March 8, 2018 at 8:22 pm,
      Excelsior says:


  6. On March 8, 2018 at 8:15 pm,
    Markedtofuture says:

    Bix Weir & Crypt0 Talk Crypto, Gold, Clif High, Grid+, Theta, Economic Instability, Health, & More!


  7. On March 8, 2018 at 10:09 pm,
    Excelsior says:

    Rick Rule | This Is An Advantageous Time For Prospect Generators

    Sprott Media – Mar 6, 2018

    “Rick describes the opportunity he perceives in prospect generators that has resulted from multi-decade, industry-wide under-investment in exploration.’


  8. On March 9, 2018 at 6:00 am,
    Excelsior says:

    The best bit of the Pretium Resources (PVG) 4Q 17 results is…
    3/8/18 – Inca Kola News

    “…without a shadow of a doubt, this line from the NR:”

    “The Company has working capital of $40.6 million excluding the current portion of long-term debt as at December 31, 2017.”


    1) …you can’t exclude current debt from working capital. Well you can, but not while keeping a straight face.

    2) …when you include that debt, working capital becomes negative three hundred and thirty-four point four zero nine million. Y’know…details.”


    • On March 9, 2018 at 6:06 am,
      Excelsior says:

      Victoria Gold (VIT) announces its capex blowout early
      3/8/18 – Inca Kola News

      So, if I have this straight:

      “In 2016, Victoria Gold (VIT.v) tells us in its Feasibility Study that it needs CAD$369m to build its Eagle Gold mine in the Yukon.”

      “In 2017 it arranges a U$220m credit facility and starts the ball rolling by spending CAD$40m on phase one capex.”

      “Today it announces a funding package that comes to CAD$505m, including an equity raise that adds a little under 50% to an already blown out share count (we go from around 515m S/O to 765m S/O) and giving a 5% NSR to Roosen. To be clear, this new C$505m package includes those previously announced facilities, but it’s still way over what VIT told us it would need.”

      “Which begs the obvious question, why so much money? Why, when according to the company’s own literature the company did indeed spend C$38.4m on capex at Eagle in 2017, doesn’t it put together a funding package for around CAD$330m to complete construction?”

      ” Either they’re planning to keep a contingency fund of epic proportions or VIT.v has just told the market that its project is built on the back of an unreliable Feasibility Study, which of course means in turn that all the NPV and IRR figures it’s used to sell Eagle are complete balderdash.”