The Oreninc Index fell for the week ending July 25, 2014. The main culprit for the drop was the number of deals announced, 18, a 28-week low. Total dollars announced fell to $101.5m, a two-week low. Five brokered deals were announced for $77.1m, also a two-week low; one bought deal was announced for $13m, a two-week high. While total dollars are down, the decrease is dwarfed by the drop in the number of deals announced, resulting in an average deal size of $5.64m, a six-week high that ranks this week as the third highest of 2014 for deal size.
Deal making seems to have cooled along with the private placement activity, giving us the impression that golf courses and swimming pools were more active than board rooms this week. As we have been saying, this is prototypical of summer activity, but gives less credence to the idea that this summer has been better overall than last; at this point, it is becoming less and less true every week. We’ll see if the summer can finish off strong in August, giving the industry some confidence as it heads into fall, where both activity and expectations will likely be up, if not necessarily in equal amounts.
Major Financing Openings:
Major Financing Closings:
Oreninc also publishes the Oreninc Deal Log, a daily list of all financing activity in the TSX, TSX-V and CSE resource sectors. Visit http://oreninc.com to see which companies and sectors to watch. Oreninc also writes custom reports for companies on effective capital raising strategies to help companies maintain long-term shareholder value.
Read the Report Here Mercenary Alert: Is Zinc Still a Four-Letter Word? ... READ MORE
May saw 125 financings close in the Canadian financial markets for C$366.5 million including 64 fina... READ MORE
ORENINC INDEX – Monday, June 12, 2017 North America’s leading junior mining finance data provide... READ MORE
The new North American trading week began on Monday June 5th with... READ MORE
The new North American trading week began on Monday, May 29th wit... READ MORE