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Bitcoin SV short-term price analysis: 15 June

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Disclaimer: This article attempts to analyze Bitcoin SV’s price movement on the 15th of June.

Bitcoin SV has had an impressive streak climbing all the way to $419 in the first few of 2020. At a time when most of the altcoins have or are close to recuperating from the losses incurred in the Black Thursday crash of March, BSV, on the hand, has gone south. At the time of writing, BSV was being traded at $170.07 and was down by nearly 7 percent over the last 24-hour following the latest market correction.

Bitcoin SV Daily Chart:

Source: BSV/USD on TradingView

Despite climbing all the way to positioning itself as the 6th-largest cryptocurrency by market cap, lately, Bitcoin SV has failed to post any substantial rally that could catapult its price to previously breached points. While upward momentum has been weak, BSV downside corrections have been dominant. The above daily chart depicted that the bears continued to reign over the BSV’s price as a prospect of a positive breakout in the near-term was not in sight. This was further validated by the placement of the daily moving averages.

At the time of writing, the 5o DMA [Pink] continued to appeared to undergo a death cross with the 200 DMA [Purple]. Also, the 100 DMA [Blue] moved below the 200 DMA, thus sustaining a bearish crossover. In addition, the BSV price candles have slid below all the daily moving averages, further depicting the bearishness in the BSV market.

Source: BSV/USD on TradingView

The RSI was also well below the 50-median neutral line and pointed towards a sentiment of high sell pressure among the investors in the coin market.

Historically, being a fork of the king coin, Bitcoin SV has closely mimicked the price action of the former. This was also evident in the latest price action where Bitcoin’s dip propelled a major swing on the downside for the fork coin. This essentially implied that Bitcoin SV requires a significant boost from Bitcoin’s upward price action to recover from all the losses over the past couple of weeks.

The above charts depicted a potential downturn for BSV with an increasing chance of high sell-off concerns as the coin’s upward price action was resisted by all the moving averages. A bearish phase for the coin could potentially drive its price all the way to $120.4. If this trend persists, BSV could also retrace to another support level at $105.3. The coin’s immediate resistances stood close to the crossover of the 50 and the 200 DMA at $194.5 while another point of resistance stood unbreached at $215.7 as depicted by the VPVR indicator.

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Source: https://eng.ambcrypto.com/bitcoin-sv-short-term-price-analysis-15-june

Esports

cogu joins MIBR as manager and coach

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MIBR have announced that they have secured the services of veteran Raphael “⁠cogu⁠” Camargo, who becomes the manager and coach of their team. The announcement comes at a delicate moment for the Brazilian squad, who are racing against the clock to find three players before next week’s BLAST Premier Fall Series.

More to follow…

Source: https://www.hltv.org/news/30505/cogu-joins-mibr-as-manager-and-coach

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Energy

Strategic Resources Files Mustavaara Technical Report

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NR: 20-9 

VANCOUVER, BC, Oct. 21, 2020 /PRNewswire/ – Strategic Resources Inc. (TSXV: SR) (the “Company” or “Strategic”) is pleased to announce that the Company has filed an independent technical report (the “Report”) prepared in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”) supporting the mineral resource estimate for its Mustavaara vanadium-iron-titanium project located in Finland (the “Project”) on SEDAR. The results of the mineral resource estimate were previously reported in the Company’s news release dated September 14, 2020 and there are no material differences in the Report from those results. The effective date of the Report is September 14, 2020.

Strategic has commissioned Afry Finland Oy to begin work on a Preliminary Economic Assessment for the Project that is expected to be completed in the first half of 2021.

Mineral Resource Estimate Highlights:

  • 64.0 million tonnes of measured mineral resource with an average grade of 15.41% magnetite and 0.91% vanadium in concentrate.
  • 39.7 million tonnes of indicated mineral resource with an average grade of 15.27% magnetite and 0.88% vanadium in concentrate.
  • 42.2 million tonnes of inferred mineral resource with an average grade of 15.11% magnetite and 0.92% vanadium in concentrate.

The full Report dated October 21, 2020 and entitled “NI 43-101 Technical Report on the Mustavaara Vanadium project, Finland” can be found on the Company’s website at this link and on SEDAR under the Company’s issuer profile at www.sedar.com.

Qualified Persons

Leo Hathaway, P.Geo, Vice President and the Qualified Person as defined by NI 43-101 for the Mustavaara Project has reviewed, verified and approved the contents of this news release as they relate to the ongoing exploration and development program at the Mustavaara Project.

About Strategic Resources

Strategic Resources Inc. (TSXV:SR) is a Vancouver, Canada based mineral exploration and development company that is focused on vanadium projects in Finland and Peru. The Company continues to evaluate new opportunities that are related to the electrification of the economy.

Further details are available on the Company’s website at https://strategic-res.com/.

To follow future news releases, please sign up at https://strategic-res.com/contact/

STRATEGIC RESOURCES INC.

Signed: “Scott Hicks”

Scott Hicks, CEO

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

Cautionary Note Regarding Forward-Looking Information

Certain statements and information herein, including all statements that are not historical facts, contain forward-looking statements and forward-looking information within the meaning of applicable securities laws. Such forward-looking statements or information include but are not limited to statements or information with respect to the timing for completion of a Preliminary Economic Assessment. Often, but not always, forward-looking statements or information can be identified by the use of words such as “will”, “may” and “plans” or variations of those words and phrases or statements that certain actions, events or results “will” be taken, occur or be achieved.

SOURCE Strategic Resources Inc.

Related Links

https://strategic-res.com

Source: https://www.prnewswire.com:443/news-releases/strategic-resources-files-mustavaara-technical-report-301157428.html

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Energy

Ur-Energy Announces Extension of State Bond Loan and Provides Update

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LITTLETON, Colo., Oct. 21, 2020 /PRNewswire/ — Ur-Energy Inc. (NYSE American:URG)(TSX:URE) (the “Company” or “Ur-Energy”) is pleased to announce it has completed amendments to its State of Wyoming Bond Loan to defer further principal payments for an additional 18 months, which represents a savings of approximately $7.83 million during the extension. With the amendments to the Bond Loan, we will continue to make interest-only payments until October 2022, when we will resume principal and interest payments until the loan is fully repaid.

Ur-Energy CFO Roger Smith said, “We continue to be grateful to State Treasurer Meier, the Sweetwater County Board of County Commissioners, and officials at all levels in Wyoming who are working so diligently to serve their constituency. The support they have shown for the uranium industry and for Lost Creek has been unwavering. They continue to champion our resolve to return to full production operations at Lost Creek when market conditions warrant.”

In addition to the restructuring of the State Bond Loan, we have continued to implement other Company-wide cost-saving measures as we await the recommended relief from the US Nuclear Fuel Working Group report and further positive developments in the uranium markets. Recently, we further reduced production operations at Lost Creek to market-appropriate levels. The reduced production levels allowed us to make further operating cost reductions at Lost Creek and related support cost reductions at the corporate office. The cost reductions include savings from additional reductions in force at both locations as well as other cost containment measures. Together with the further deferral of principal payments on the State Bond Loan, these measures will result in substantial savings to the Company, estimated to exceed $7 million and $4 million in calendar years 2021 and 2022, respectively.  

Ur-Energy continues to support ongoing efforts in Washington D.C. to reinvigorate the uranium production industry and secure a healthy nuclear fuel cycle for the country. Again, the elected officials of Wyoming lead these efforts. Senator Barrasso and Representative Cheney have each introduced legislation to authorize a uranium reserve to support America’s nuclear reactors with domestically produced fuel. Their legislative efforts are designed to revitalize the country’s nuclear infrastructure and echo the recommendations made by the US Nuclear Fuel Working Group report.

We also commend Senator Barrasso’s effort to codify the recent extension of the Russian Suspension Agreement (RSA). The newly completed RSA amendment continues caps on Russian imports of nuclear fuel to the US for an additional 20 years, through 2040. The amendment reduces the current cap of 20% of demand to an average of 17% of demand over the 20-year period, with reductions starting in 2028 and continuing through 2040. The amendment also closes other practical loopholes to protect the US market, provides for administrative reviews during the term and contemplates potential extensions.

We will provide further guidance for Q4 2020 in our Form 10-Q, which is currently anticipated to be filed on Friday, October 30, 2020.

About Ur-Energy
Ur-Energy is a uranium mining company operating the Lost Creek in-situ recovery uranium facility in south-central Wyoming. We have produced, packaged and shipped more than 2.6 million pounds from Lost Creek since the commencement of operations. Applications are under review by various agencies to incorporate our LC East project area into the Lost Creek permits and to operate at our Shirley Basin Project. Ur-Energy is engaged in uranium mining, recovery and processing activities, including the acquisition, exploration, development and operation of uranium mineral properties in the United States. Shares of Ur–Energy trade on the NYSE American under the symbol “URG” and on the Toronto Stock Exchange under the symbol “URE.” Ur-Energy’s corporate office is in Littleton, Colorado; its registered office is in Ottawa, Ontario. Ur-Energy’s website is www.ur-energy.com.

FOR FURTHER INFORMATION, PLEASE CONTACT
Jeffrey Klenda
Chairman & CEO
866-981-4588
[email protected]

Cautionary Note Regarding Forward-Looking Information
This release may contain “forward-looking statements” within the meaning of applicable securities laws regarding events or conditions that may occur in the future (e.g., timing and results of implementation of the recommendations from the U.S. Nuclear Fuel Working Group and pending legislation, including the budget appropriations process related to direct purchase for the establishment of the national uranium reserve; the impact of the extended and amended Russian Suspension Agreement to safeguard the U.S. markets; whether the additional cost-savings measures will be sufficient) and are based on current expectations that, while considered reasonable by management at this time, inherently involve a number of significant business, economic and competitive risks, uncertainties and contingencies. Factors that could cause actual results to differ materially from any forward-looking statements include, but are not limited to, capital and other costs varying significantly from estimates; failure to establish estimated resources and reserves; the grade and recovery of ore which is mined varying from estimates; production rates, methods and amounts varying from estimates; delays in obtaining or failures to obtain required governmental, environmental or other project approvals; inflation; changes in exchange rates; fluctuations in commodity prices; delays in development and other factors described in the public filings made by the Company at www.sedar.com and www.sec.gov. Readers should not place undue reliance on forward-looking statements. The forward-looking statements contained herein are based on the beliefs, expectations and opinions of management as of the date hereof and Ur-Energy disclaims any intent or obligation to update them or revise them to reflect any change in circumstances or in management’s beliefs, expectations or opinions that occur in the future.

SOURCE Ur-Energy Inc.

Related Links

http://www.ur-energy.com

Source: https://www.prnewswire.com:443/news-releases/ur-energy-announces-extension-of-state-bond-loan-and-provides-update-301157426.html

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