Good afternoon
Theresa May continuing to be grilled by hardline Brexiters, and an oppositiojn, which tends to ask for a new vote....has to attend a NATO meeting, which could be tumultous, depending on the mood of Mr. Trump, and will host Mr.Trump in the UK later this week.....I am not sure, how these politicians can survive without being on drugs!
The Thai soccer team is out!! Fantastically brave of those divers, doctors etc!!!
Equities are having another good day, and metals, which were weaker for most of the day, are creeping towards unchanged.
Goldman´s are forecasting a copper price of 7.300 in 3 month, 7.500 in 6 month, and 8.000 US$ in 12 month time. That would be wonderful....It looks as if the current, low price might be a little distortet by massive selling ( liquidation? ) of a Chinese, speculative position by one single market player. He probably inflated the market a few weeks ago - now the opposite!
Denhamp Capital, a 9 bill$ private equity fund, have raised 550 Mill US$ for their first mining fund. They are seeing many opportunites, especially in base metal projects/companies
Regis Resources - closed the last Quarter with 40 mill$ increased net-cash position of 208 mill A$. Second best Quarterly production of 92.000oz, to end the year with 361.000 oz and at the top end of guidance. They are doing what is their part to justify the high share price! Interesting comment today from Evolution, who said, that investment in the top Australian producers from domestic, general institutions is increasing, based on the top performance of most ASX 200 gold producers except for Newcrest. They need to be there - hence the rally is feeding the rally! Makes sense to me - but still does not make the faboulous 5 cheap for me!
Peak Resources - they moved one step further and secured ( via an option agreement for up to 3 years ) a large site at the English port Teeside for their rare earth separation plant, from a government body. The site gives Peak fantastic infrastructure, access to low cost chemicals and a highly skilled workforce, as well as Tax Incentives from the government. Certainly a positive step - let´s hope, that the Tanzanian government does also see this!
Crusader - had earlier reported , that they had sold the irone ore mine Posse for approx 3 mill$, of which about 1 Mill got paid imemdiately, and the reminder over 13 instalments, starting in November 2018. It now looks like the buyer does not honor this deal - at least Crusader are taking them to court. Distraction is never good, and it will probably cost them money...and a big question mark on the payment...not good for a company with limited cash...
Oceanagold - reported more excellent underground drilling results from Waihi in New Zealand - not for the first time. I think a mine life extension is highly probable here. The CEO, Mick Wilkes, took a board position in Kingston Resources today, which is exploring the old Mine Misima in PNG. Not sure, why he did it - in any case, he must like it!
Have a nice evening!
WS
Schröder Equities GmbH
Seitzstr.7a
80538 München
Tel. +49-89-4613440-0
Fax +49-89-4613440-10
email: wschroeder@schroeder-equities.com
website: www.schroeder-equities.com
eingetragen im HR München, HRB 166985
Geschäftsführer: Wilhelm Schröder
The information contained in this communication is confidential and is intended only for the use of the addressee. Unauthorised use, disclosure or copying is strictly prohibited. If you have received this communication in error, please delete it and notify us by telephone at +49-89-4613440-0, by fax at +49-89-4613440-10 or by e-mail at wschroeder@schroeder-equities.com immediately. Please note that this communication does not constitute and may not be construed as investment advice and / or referral to buy or sell financial instruments. Unless specified otherwise, the views expressed in this communication are solely subjective notions of the individual sender and / or the entity or individual stated as the author of any information submitted. Performance in the past may in no case be considered as an indication for future performance. Please also note that Schröder Equities GmbH and / or its officers or employees may have interests in financial instruments referred to this communication. A current list of shareholdings can be emailed on request. Furthermore, our clients are hereby informed that Schröder Equities GmbH renders advisory services to Nestor Australien Fonds, an investment fund administered by Nestor Investment Management S.A. Luxemburg. Please also note that e-mails can be intercepted by