Proactive Investors News

Amur Minerals offers two potential development scenarios for the Kun-Manie nickel sulphide deposit

  What does Amur Minerals do? Amur Minerals Corporation (LON:AMC) is a junior mining exploration company that holds assets in Russia. The company is run by long-standing chief executive Robin Young, who spends much of his time in Russia. Other directors, including Robert Schafer and Brian Savage also boast long years of experience in the mining industry.     What does Amur Minerals own? The principle asset is the Kun-Manie nickel deposit in the Amur Oblast of Russia’s Far East. >>>

Small cap movers: Lekoil value plunges by two-thirds as it falls victim to investment scam

Junior oiler Lekoil Limited (LON:LEK) was the major story on AIM this week with its value dropping by around two-thirds after falling victim to con artists posing as the Qatar Investment Authority (QIA). Shares in the firm were suspended on Monday after the ‘actual’ QIA contacted Lekoil to question the validity of a £138mln (US$184mln) loan supposedly agreed to finance the firm’s drilling activities on the Ogo field in Nigeria. Lekoil then issued a statement saying the deal had in fact been made with individuals posing as the QIA in a “complex façade” that had involved the company paying the scammers £460,000 (US$600,000) in supposed legal and arrangement fees. >>>

Proactive weekly oil & gas highlights: Genel, 88 Energy, Falcon Oil & Gas, United, Sound Energy, Tower Resources, Anglo African

Companies with production were in focus this week as fourth quarter updates were released across the sector, and, on Thursday, Genel Energy PLC (LONGENL) CEO Bill Higgs has celebrated 2019 as a “successful year” for the Iraq focussed oil and gas firm. In a trading update, ahead of full-year financial results due for release on 17 March, the group told investors that it delivered some 36,250 barrels of net oil production per day from the Kurdistan region of Northern Iraq. The company pointed out that it brought 19 wells into production during 2019. >>>

Proactive weekly mining highlights: Ariana Resources, Ironridge Resources, Erris Resources...

The gold and copper sectors were shining this week after experts hiked price forecasts for both metals. Analysts at Berenberg upped their 2020 gold price forecast above market consensus amid what they said were “supportive macro and geopolitical factors” lifting the price of the yellow metal. The German bank raised its 2020 gold price forecast to US$1,525 an ounce, lower than the current price of around US$1,555 but 3% higher than Bloomberg consensus of US$1,482. Similarly, analysts at Liberum Capital raised their price forecast to US$3 per pound (lb) from US$2.70/lb for 2020, while the City consensus is US$2.78/lb. >>>

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No savings at 60? This is what I would do

It's never too late to start saving for the future, even if you've left it until the last minute.

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Stop saving and start investing! I’d ditch a Cash ISA and buy FTSE 100 shares in 2020

The return prospects for the FTSE 100 (INDEXFTSE:UKX) could be higher than for Cash ISAs in my opinion.

The post Stop saving and start investing! I’d ditch a Cash ISA and buy FTSE 100 shares in 2020 appeared first on The Motley Fool UK.

3 reasons I’d STOP saving small amounts of money in 2020

Paul Summers explains why he's storing as little cash as possible this year.

The post 3 reasons I’d STOP saving small amounts of money in 2020 appeared first on The Motley Fool UK.