The Uptrend In Rates Could Pick Up Some Steam

September 21, 2018

Doc joins me today to focus on the bond market and address the uptrend in yields. With the 2 year at a 10 year high and the 10 year at a 4 month high with is a good change that these continue heading higher. Doc points out the major factors at play and why he thinks there is still some legs left to this rally.

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    Sep 21, 2018 21:49 PM

    Metanor Receives Court Approval For The Plan Of Arrangement With Bonterra
    GlobeNewswire – 16 minutes ago
    METANOR RESOURCES INC. (“Metanor”) (TSXV:MTO.VN) is pleased to announce that the Superior Court of Quebec (Commercial Division) has granted a final order authorizing the previously announced plan of arrangement (the “Arrangement”) between Metanor and Bonterra Resources Inc. (“Bonterra”) which was approved by the shareholders and optionholders of Metanor during the Special Meeting held on September 18, 2018.

    Closing of the Arrangement is expected to take place on September 24, 2018, following which all outstanding common shares of Metanor will be exchanged for Bonterra common shares, on the basis of 1.6039 Bonterra common share (TSXV:BTR.VN) for each Metanor share outstanding. The shareholders of Metanor, at the time of the delisting of the Metanor shares from the TSX Venture Exchange, expected to take place at closing of trading on September 25, 2018, will be eligible to receive the Bonterra common shares.

      Sep 21, 2018 21:57 PM

      I have a position in Metanor that I’m letting covert over to Bonterra shares. This was a interesting acquisition in that the Explorer Bonterra is taking over a producer Metanor (that had just cleaned up their balance sheet last year with a roll-back of shares), and just raised some cash. I was expecting them to buy out Bonterra or Beaufield, but didn’t see the reverse happening. Jr Mining…. you gotta love it.

      My hunch is that Eric Sprott has been a key investor with Metanor, and he is very involved with Kirkland lake. By Metanor & Bonterra now being merged, into the new and improved Bonterra, I could see him helping to bring in Kirkland Lake to acquire Bonterra next.

      This is definitely a land grab going in in the Windfall Lake area, as Osisko just bought out Beaufield, when they got “wind” of Bonterra grabbing Metanor.

      There are a few more tiny player in that area that don’t have as good of land packages that may get nabbed, but ultimately I foresee a future where it is Osisko and Kirkland Lake as the 2 operators in the Windfall lake area play.

        Sep 21, 2018 21:57 PM

        covert = convert

        Sep 22, 2018 22:26 AM

        I see Kirkland lake owning the whole Windfall lake area play. Will take out Osisko too

          Sep 22, 2018 22:16 AM

          Yes, good point Wolfster.

          I’ve seen where recently Kirkland Lake has been taking a larger position in Osisko, so maybe it will be KL versus OSK first in Urban/Barry and Windfall Lake area, and then KL will just buy OSK and own the whole enchilada.

      Sep 21, 2018 21:31 PM

      (BTR) BonTerra Resources Inc.

      Dale Ginn, VP Exploration – (09/20/2018) – Beavercreek Precious Metals Summit

    Sep 21, 2018 21:29 PM

    Doc is such a wise, wise man. I really appreciate his words and I take them to heart. And I’m not much younger than he.

    Sep 21, 2018 21:59 PM

    (ALO) Alio Gold Inc.

    Greg McCunn, CEO – (09/20/2018) – Beavercreek Precious Metals Summit #VIDEO