The Cost Of Mining #Gold [#INFOGRAPHIC] - Business Insider

The Cost Of Mining Gold [INFOGRAPHIC] - Business Insider

This is truly a stock picker’s market: Chen Lin focuses on self-funded miners #Gold

Some of his picks are: Orvana, Alacer, Pretium, Petaquilla, Ocena Gold 

The gold and silver miners are going through a terrible time. Some of the problems are due to the weak gold and silver price, but a lot are due to mismanagement. The miners could be weakened further as we head into the summer, which is the traditional weak season. This is truly a stock picker’s market because people are throwing out the baby with the bath water. Right now, I’m focused on special situations. The one thing I hope comes out of this correction is that miners learn lessons from their past failures and that they can run lean and efficiently. Then if gold and silver take off, we can have some huge rallies in the stocks, just as in 2009. -

Some of his picks are: Orvana, Alacer, Pretium, Petaquilla, Ocena Gold

Raed the whlo interview online on JuniorMiningNews.com here: Chen Lin focuses on self-funded miners | JuniorMiningNews.com

The MasterMetals Blog

#Inmet Bondholders Raise Question of Covenant Breach in Takeover -$FM Bloomberg

Any more news on this?

Investors and analysts are questioning whether First Quantum Minerals Ltd. (FM) created a breach in terms of $2 billion bonds of Inmet Mining Corp. when it acquired the Toronto-based miner.The bonds carried restricted-payments covenants, which limit the amount of cash an issuer may use for distributions to shareholders such as stock repurchases or dividends.In the C$5 billion ($4.8 billion) acquisition in April, Vancouver-based First Quantum employed a bridge loan to buy Inmet, using the target’s assets to support the financing, then paid off the short-term debt with cash, creating a “strong argument” that First Quantum breached the payments provision, according to a report by the researcher Covenant Review today.“It certainly raises concerns, and we’re currently examining this,” said Kevin McSweeney, portfolio manager at CI Investments Inc., which oversees about $74 billion of assets. “We know that they couldn’t have paid out Inmet shareholders directly. We have questions and doubts about how the company structured these transactions to get around the restricted-payments limits and whether compliance with this covenant was maintained.”

Read the whole article on Bloomberg:  Inmet Bondholders Raise Question of Covenant Breach in Takeover - Bloomberg

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