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Tao Commodities jumps hurdles to get to the ASX - Stockhead

Base and precious metals explorer Tao Commodities appears to be back on track with its initial public offering after encountering a series of regulatory red lights.

Perth-based Tao has raised its minimum subscription amount from $4.6 million to $4.75 million after the corporate watchdog raised concerns over it meeting certain listing requirements.

Tao, which started the process to list back in September, has so far received 374 applications, raising just over $4.6 million at an issue price of 20c.

Under its second replacement prospectus, the company hopes to raise the balance by January 1 ahead of an anticipated January 22 listing.

Tao, which currently has no existing cash reserves, is acquiring Calatos Pty Ltd — the sole owner of the Milford zinc-gold project, a package of 100 mining rights, in Utah in the US.

The project lies to the south of Rio Tinto’s massive Bingham Canyon...


Read full article on News GN Commodities


Read more: Tao Commodities jumps hurdles to get to the ASX - Stockhead

Tao Commodities jumps hurdles to get to the ASX - Stockhead

Base and precious metals explorer Tao Commodities appears to be back on track with its initial public offering after encountering a series of regulatory red lights.

Perth-based Tao has raised its minimum subscription amount from $4.6 million to $4.75 million after the corporate watchdog raised concerns over it meeting certain listing requirements.

Tao, which started the process to list back in September, has so far received 374 applications, raising just over $4.6 million at an issue price of 20c.

Under its second replacement prospectus, the company hopes to raise the balance by January 1 ahead of an anticipated January 22 listing.

Tao, which currently has no existing cash reserves, is acquiring Calatos Pty Ltd — the sole owner of the Milford zinc-gold project, a package of 100 mining rights, in Utah in the US.

The project lies to the south of Rio Tinto’s massive Bingham Canyon...


Read full article on News GN Commodities


Read more: Tao Commodities jumps hurdles to get to the ASX - Stockhead

Sebi may let mutual funds enter commodity derivatives sector - Livemint

This email address is being protected from spambots. You need JavaScript enabled to view it." alt="Sebi is also looking at mutual funds and PMS as a way for retail investors to get exposure to commodity derivatives while minimizing volatility risk. Photo: Reuters" title="Sebi is also looking at mutual funds and PMS as a way for retail investors to get exposure to commodity derivatives while minimizing volatility risk. Photo: Reuters" />

Sebi is also looking at mutual funds and PMS as a way for retail investors to get exposure to commodity derivatives while minimizing volatility risk. Photo: Reuters

Mumbai: The Securities and Exchange Board of India (Sebi) has proposed allowing mutual funds and portfolio management services (PMS) firms to invest in commodity derivatives.

In a discussion paper issued on Thursday, the capital markets regulator has also sought comments on whether a commodity-specific exchange traded fund (ETF) can be launched. Mint had reported this first on 10 November.

The proposal comes on the back of recommendations of the Commodity Derivatives Advisory Committee, which had proposed institutional participation to increase liquidity in commodity derivatives. These are new institutional investor categories in this segment. On 26 April, the market regulator had allowed category-III alternative...


Read full article on News GN Commodities


Read more: Sebi may let mutual funds enter commodity derivatives sector - Livemint

Tao Commodities jumps hurdles to get to the ASX - Stockhead

Base and precious metals explorer Tao Commodities appears to be back on track with its initial public offering after encountering a series of regulatory red lights.

Perth-based Tao has raised its minimum subscription amount from $4.6 million to $4.75 million after the corporate watchdog raised concerns over it meeting certain listing requirements.

Tao, which started the process to list back in September, has so far received 374 applications, raising just over $4.6 million at an issue price of 20c.

Under its second replacement prospectus, the company hopes to raise the balance by January 1 ahead of an anticipated January 22 listing.

Tao, which currently has no existing cash reserves, is acquiring Calatos Pty Ltd — the sole owner of the Milford zinc-gold project, a package of 100 mining rights, in Utah in the US.

The project lies to the south of Rio Tinto’s massive Bingham Canyon...


Read full article on News GN Commodities


Read more: Tao Commodities jumps hurdles to get to the ASX - Stockhead

Sebi may let mutual funds enter commodity derivatives sector - Livemint

This email address is being protected from spambots. You need JavaScript enabled to view it." alt="Sebi is also looking at mutual funds and PMS as a way for retail investors to get exposure to commodity derivatives while minimizing volatility risk. Photo: Reuters" title="Sebi is also looking at mutual funds and PMS as a way for retail investors to get exposure to commodity derivatives while minimizing volatility risk. Photo: Reuters" />

Sebi is also looking at mutual funds and PMS as a way for retail investors to get exposure to commodity derivatives while minimizing volatility risk. Photo: Reuters

Mumbai: The Securities and Exchange Board of India (Sebi) has proposed allowing mutual funds and portfolio management services (PMS) firms to invest in commodity derivatives.

In a discussion paper issued on Thursday, the capital markets regulator has also sought comments on whether a commodity-specific exchange traded fund (ETF) can be launched. Mint had reported this first on 10 November.

The proposal comes on the back of recommendations of the Commodity Derivatives Advisory Committee, which had proposed institutional participation to increase liquidity in commodity derivatives. These are new institutional investor categories in this segment. On 26 April, the market regulator had allowed category-III alternative...


Read full article on News GN Commodities


Read more: Sebi may let mutual funds enter commodity derivatives sector - Livemint

Sebi may let mutual funds enter commodity derivatives sector - Livemint

This email address is being protected from spambots. You need JavaScript enabled to view it." alt="Sebi is also looking at mutual funds and PMS as a way for retail investors to get exposure to commodity derivatives while minimizing volatility risk. Photo: Reuters" title="Sebi is also looking at mutual funds and PMS as a way for retail investors to get exposure to commodity derivatives while minimizing volatility risk. Photo: Reuters" />

Sebi is also looking at mutual funds and PMS as a way for retail investors to get exposure to commodity derivatives while minimizing volatility risk. Photo: Reuters

Mumbai: The Securities and Exchange Board of India (Sebi) has proposed allowing mutual funds and portfolio management services (PMS) firms to invest in commodity derivatives.

In a discussion paper issued on Thursday, the capital markets regulator has also sought comments on whether a commodity-specific exchange traded fund (ETF) can be launched. Mint had reported this first on 10 November.

The proposal comes on the back of recommendations of the Commodity Derivatives Advisory Committee, which had proposed institutional participation to increase liquidity in commodity derivatives. These are new institutional investor categories in this segment. On 26 April, the market regulator had allowed category-III alternative...


Read full article on News GN Commodities


Read more: Sebi may let mutual funds enter commodity derivatives sector - Livemint

Myanmar Army Restrictions Leave Tanai Residents Lacking Basic Commodities - ReliefWeb

By NYEIN NYEIN

CHIANG MAI, Thailand — As the Tatmadaw has restricted the transportation of basic commodities in conflict-torn Tanai Township, Kachin State, locals have run out of fuel and are suffering a rice shortage.

The Tatmadaw (Myanmar Army) has restricted the transportation of goods in the region for more than a year, but the situation worsened after June 3, when the Kachin Independence Army (KIA) and the Tatmadaw renewed fighting and displaced hundreds of locals from N’Ga Ga and Nambyu villages.

Tanai residents told The Irrawaddy on Wednesday that diesel fuel ran out a few days ago, as fuel trucks from Myitkyina have been stuck at military checkpoints.

Only gasoline can be bought, and one Tanai resident said the price is up to 6,000 kyat per gallon in some places where previously it had been about 4,200 kyat.

Locals also said the price of rice sacks had risen to double or...


Read full article on News GN Commodities


Read more: Myanmar Army Restrictions Leave Tanai Residents Lacking Basic Commodities - ReliefWeb

Myanmar Army Restrictions Leave Tanai Residents Lacking Basic Commodities - ReliefWeb

By NYEIN NYEIN

CHIANG MAI, Thailand — As the Tatmadaw has restricted the transportation of basic commodities in conflict-torn Tanai Township, Kachin State, locals have run out of fuel and are suffering a rice shortage.

The Tatmadaw (Myanmar Army) has restricted the transportation of goods in the region for more than a year, but the situation worsened after June 3, when the Kachin Independence Army (KIA) and the Tatmadaw renewed fighting and displaced hundreds of locals from N’Ga Ga and Nambyu villages.

Tanai residents told The Irrawaddy on Wednesday that diesel fuel ran out a few days ago, as fuel trucks from Myitkyina have been stuck at military checkpoints.

Only gasoline can be bought, and one Tanai resident said the price is up to 6,000 kyat per gallon in some places where previously it had been about 4,200 kyat.

Locals also said the price of rice sacks had risen to double or...


Read full article on News GN Commodities


Read more: Myanmar Army Restrictions Leave Tanai Residents Lacking Basic Commodities - ReliefWeb

China November exports growth at eight-month high, imports up on commodities demand - Reuters

BEIJING (Reuters) - China’s exports and imports unexpectedly accelerated last month after slowing in October, an encouraging sign for the world’s second-biggest economy which has started to slow in the face of a government crackdown on debt risks and factory pollution.

FILE PHOTO: Containers are seen at a port of Shanghai Free Trade Zone, February 11, 2014. REUTERS/Aly Song/File Photo

November exports jumped 12.3 percent from a year earlier, beating analysts’ forecast of a 5.0 percent increase, and compared to 6.9 percent growth in October, the General Administration of Customs said on Friday.

The rebound boosted export growth to the fastest pace since March.

Imports grew 17.7 percent year-on-year in November, also well above expectations of 11.3 percent growth and rising at the fastest pace since September.

The numbers may help to ease concerns of slowing momentum in Asia’s...


Read full article on News GN Commodities


Read more: China November exports growth at eight-month high, imports up on commodities demand - Reuters

China November exports growth at eight-month high, imports up on commodities demand - Reuters

BEIJING (Reuters) - China’s exports and imports unexpectedly accelerated last month after slowing in October, an encouraging sign for the world’s second-biggest economy which has started to slow in the face of a government crackdown on debt risks and factory pollution.

FILE PHOTO: Containers are seen at a port of Shanghai Free Trade Zone, February 11, 2014. REUTERS/Aly Song/File Photo

November exports jumped 12.3 percent from a year earlier, beating analysts’ forecast of a 5.0 percent increase, and compared to 6.9 percent growth in October, the General Administration of Customs said on Friday.

The rebound boosted export growth to the fastest pace since March.

Imports grew 17.7 percent year-on-year in November, also well above expectations of 11.3 percent growth and rising at the fastest pace since September.

The numbers may help to ease concerns of slowing momentum in Asia’s...


Read full article on News GN Commodities


Read more: China November exports growth at eight-month high, imports up on commodities demand - Reuters

Jeffrey Gundlach says it's a good time to buy commodities - CNBC.com - CNBC

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Jeffrey Gundlach speaking at the 22nd Annual Sohn Investment Conference on May 8, 2017.

Adam Jeffery | CNBC

Jeffrey Gundlach speaking at the 22nd Annual Sohn Investment Conference on May 8, 2017.

DoubleLine CEO Jeffrey Gundlach said Tuesday that historical and economic indicators point to a likely buying opportunity for commodities such as oil and gold.

"If you ever thought about buying commodities, ... maybe you should buy them now," Gundlach said in a webcast organized by his firm.

He pointed out that by comparing total returns of the S&P Goldman Sachs Commodity Index with the S&P 500 over the last several decades, there are clearly defined points at which commodities outperformed stocks, leading to a sharp increase in stocks, and vice versa. For example, stocks far outpaced commodities during the dotcom bubble of the late 1990s into 2000. But commodities went on to rally hard until they peaked during the global financial crisis of 2008.

"We're right at that level...


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Read more: Jeffrey Gundlach says it's a good time to buy commodities - CNBC.com - CNBC

China commodities slip as copper sell-off continues - Financial Times

Edward White

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