Nevsun Resources Ltd. (TSX: NSU) (NYSE AMERICAN: NSU) (“Nevsun”) and Zijin Mining Group Co. Ltd.(SH:601899, SEHK:2899) (“Zijin”) announces that Zijin has been successful in its offer to purchase all of the issued and outstanding Nevsun common shares for C$6.00 per share (the “Offer”). Continue reading Zijin Mining Succeeds Acquiring Nevsun→
Traders are bullish on Nevsun Resources Ltd (NSU) as it has outperformed the S&P 500 by a wide margin of 6.36% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 13.39%, relative to the S&P 500.
The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 15% in the last 1 week, and is up 9.93% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock. Continue reading Nevsun Resources Ltd Shares are Up 15%→
Nevsun was the Partnership’s featured investment in January 2015. The company remains one of the lowest risk base metal plays available, despite the painful share performance over the trailing 6 months. I met with management in mid-November and remain very positive on this story. We have lowered our average cost per share from $3.55 USD to $3.07 USD since I last wrote about the name.
Over the past 6 months, the company has reported the following milestones of note: (1) positive cash flow in Q3 despite the plunging copper price, (2) continued distribution of NSU’s $0.04 quarterly dividend, and (3) the best results at Harena to date. Continue reading Nevsun Resources (January 2016 Update)→