The Oreninc Index remained stagnant for the week ending August 28, 2014. The five-week moving average also fell to its lowest level in over a year. Total dollars announced dropped to $84.4m, a two-week low. One brokered deal was announced for $10m, a two-week low; no bought deals were announced, also a two-week low.
Deals were quiet, as one would expect going into Labour Day weekend and the unofficial end of summer. Commodity prices were all over the place, with palladium hitting a 13-year high even as platinum continues its summer downfall. Iron ore also fell, continuing its horrid 2014. In a sentiment that has been repeated many times over the past couple of months, this truly was a week the industry would like to forget.
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.
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