Good afternoon
if Mr.Trump would be an Australian mining executive, I would call him a lyer and crook, and would never invest in him. I find it amazing, that large parts of the Republican Party are still supporting such an individual! This guy is a shame for the USA! Unfortunately, he is not just that - in his position, he is an outright danger for all of us!
The market in base metals is a bit tired in the moment...copper does not move anymore, even though the three largest copper mines worldwide do not produce in the moment, and some production in Peru seems to be affected by torrential rains in the country...gold is strenghtening somewhat...while the US$ is weak. I think fundamentally, nothing has changed, and the world´s manufacturing industry continues to do pretty well. Hopefully, the market is only digesting the relatively strong performance of the last 9-12 month, before we will see another leg up. It will be interesting to see, whether the closure ofn Escondida , Grasberg and Cerro Verde will have an impact on copper soon, as it usually takes a few weeks for a shortage of copper concentrate to impact copper cathode. Traditionally, demand for metals and minerals should be strong until June, before the Northern hemisphere summer will start to see demand quieten down somewhat. Even iron ore has had a weak day today - I guess this has been long awaited, and should not really be a surprise.
Gold ETF-inflow has slowed down in Germany, and has reversed in the States for now.
A nice little comparison: Which bank is the best performing bank, as measured by total return over 10 years: Macquarie + 123% / Goldmans + 73% / Deutsche - 73% / Commerzbank -95%. Amazing numbers! The MSCI World is up by 62% over 10 years.....
Peak Resources - have received en´viromental approval for their rare earth development in Tansania. This is very positive - especially in rare earth developments, we have seen major problems to get this approval for other projects.
Finders Resources - the excellent MD, Barry Cahill, has increased his personal shareholding by 30%, at a price of 18ct. I repeat myself - but I think this stock is a steal at 18ct, and at current copper prices. This coming Quarterly Report, or the next one in July, should be catalysts for the stock, as the market should start to see, that the mine is capable to produce better than the name plate 28.000t of copper p.a. - and every additional 1.000t will be highly profitable tonns! Every 1.000t extra should generate an extra 6-7 mill US$ in cash flow - equal to 8-9 Mill A$ p.a.. That´s a huge impact on a 139 Mill A$ market cap - stock!
have a nice evening
WS