Good afternoon
I think we are definitely in the wrong sector…speculators moved first into crypto-currencies, now into Cannabis…who would have thought 20 years ago, that Coca-Cola would seriously look at selling Cannabis-Drinks! Unfortunately, we only have iron ore, nickel, baucite, graphite etc on offer here! But at least some of our stuff is deep value, probably contrary to all these drug-stocks!
Metal prices are having a volatile day…the only metal being strong throughout the day has been nickel, currently up by 1.3%,while copper is consolidating the big jump from yesterday - but it´s currently also up by 0,5%
Sheffield - very nice announcement today….they will receive a loan of 95 mill$ from the Nortehrn Australian Infrastrcture Fund , 30 mill$ for project development and 65 mill$ for infratsructure like roads, LNG plant, and port facilities. Excellent news about the 30 mill, but also the balance - SFX had previously thought about outsourcing tehse things, which would have increased operating costs vs owning them , as they will be able to now. The big news is stille xpected shortly - all government approvals following full validity of Native Title. I hope and believe, that there is a lot of room left in the share price!
Antipa - more good news from them: Good drilling results from their asset North of Telfer, just 15km away, like 12m with 7g; 10m with 3,6g; 6m at 2,6g etc…on top of a lot of similar results at this property before. Shaping up to be something worthwhile…but spending 3 mill$ this Quarter, which leaves them with 3.5 mill$ in the bank…
Gascoyne - 3m with 987g/t of gold - that´s what I call a great drill hole! But at this location, they have only drilled two hoels so far - so this could be a one-hole wonder. Only drilling will show. But in any case - a good indication of the prspectivity of the area surrounding Dalgaranga. The company should be sitting on more than 20 mill$ cash now, following the 10 mill$ placement - and from the end of next month on, the comapny should be in commercial production. At this stage, there is nothing which would make them believe to have a grade problem!
Have a nice weekend!
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