Close menu

May 27th, 2021 | 11:11 CEST

Bitcoin Group, SUSE, Barrick Gold, Troilus Gold - Gold is back!

  • Gold
Photo credits:

Now the question arises: precious metals or crypto? The answer was straightforward in recent days because the cryptocurrencies corrected hand in hand with the Bitcoin crash by up to 80%. On the other hand, gold and silver were able to optimize their chart trajectories upwards and regained the levels from last summer. Gold is now USD 150 short of the 2020 high, and silver is just under USD 2 short. Precious metal fans say that this is all to be done; the crypto community, on the other hand, calls the digital currency the new salvation. Currently, this is probably a problematic stalemate for investors, but the long-term trends speak in favor of gold.

time to read: 4 minutes | Author: André Will-Laudien
ISIN: DE000A1TNV91 , LU2333210958 , CA0679011084 , CA8968871068

Table of contents:

    Gary Cope, President and CEO, Barsele Minerals
    "[...] We are convinced that we could already leverage significant potential with a drilling program of around 35,000 meters. However, to finance this, we need a decision. Fortunately, there are already interested parties who can imagine advancing Barsele together with us. [...]" Gary Cope, President and CEO, Barsele Minerals

    Full interview


    Bitcoin Group - A shot across the bow

    The trading book was briefly halved in value. Some media reported the high cash coverage of Bitcoin Group SE's stock market value in recent weeks. It helped the share price rise a few notches, which were driven to lofty heights by the spot price of Bitcoin. The management itself had still pointed this out in April.

    Bitcoin Group SE's cryptocurrency holdings reached a new high at the time, as the value of digital assets held in treasury more than doubled from the level as of Dec. 31, 2020, to around EUR 210 million, meaning that treasury holdings in coins covered around 70% of the market's capitalization.

    With the recent correction, these ratios have probably changed to the disadvantage of Bitcoin Group, which also explains the share price crash from EUR 60 to below EUR 40. Despite the current turnaround in the crypto market, the share price does not want to recover. Therefore, we can be curious about the next Ad Hoc of Bitcoin Group because trading will continue to flourish even with weaker prices.

    SUSE - Restrained start on the stock market, but at least it made it

    IPOs are booming in Germany right now, but many investors have nevertheless become more cautious recently. The strong fluctuations in the capital markets and the cancellation of the new issue of the Internet car dealer MeinAuto had also caused uncertainty for the Nuremberg Linux software provider SUSE S.A. in the run-up.

    And so, the Company's entry onto the trading floor was somewhat bumpy. At the debut in Frankfurt, the first price of EUR 29.50 was even below the offer price of EUR 30, set after several reductions of the bookbuilding spread. Although SUSE waived a top-up option, it was able to rely on solid anchor investors. The US investor Capital Research and the Singapore sovereign wealth fund GIC alone subscribed to SUSE shares for around EUR 340 million. The Company, founded in 1992, will receive more than half a billion euros from the IPO, which it will use to reduce its debt of around EUR 1.2 billion.

    SUSE owner EQT will receive a lavish payout of EUR 570 million from the IPO but will remain on board as a 75% shareholder. CEO Di Donato initiated the IPO of the Linux specialist, symbolically subscribing shares for more than EUR 8 million herself. Overall, we are positive: SUSE SA is an enrichment for the German stock market with a good long-term story.

    Barrick Gold - Gold shines again

    Anyone betting on gold should also keep an eye on the "new gold." The run on cryptocurrencies, which we could observe in recent months, was also a consequence of the enormous liquidity provided by the US Congress and the Federal Reserve. However, the M2 money supply has declined from 27% growth in February to 24% in March. That could explain why the Bitcoin rally has stalled in recent weeks alongside the ban in China.

    Gold, on the other hand, is buoyed by inflation concerns and political uncertainties. Fundamentally, the precious metal owner wants the value to be preserved in difficult times. This objective can be achieved with solid gold stocks such as Barrick Gold. The world's second-largest gold miner was still burdened with a debt mountain of more than USD 13 billion until 2013, but now the net debt is down to zero. The current balance sheet has strong liquidity of over USD 5 billion, and the quarterly dividend has been tripled.

    Once the EUR 20 mark is overcome, further gains to the 2020 high of EUR 25 beckon. Whether the all-time high of EUR 40 will be seen again will certainly depend mainly on the gold price, but it has also broken out upwards at the USD 1,850 mark.

    Troilus Gold - Area expansion through acquisition

    In the middle of Quebec, we come across an interesting precious metals project, which has been owned since 2017 by Canada's Troilus Gold Corp. The former Troilus mine, located northeast of the Val-d'Or district, produced a full 2 million ounces of gold and nearly 70,000 tons of copper between 1996 and 2010. It is now coming back into focus.

    Several points put this project in a good light. The infrastructure on site is excellent, as the mine has been open pit for many years. Recent measurements indicate that gold grades are 0.84 to 0.87 grams per ton, indicating open pit exploitation. Management has also made an impeccable impression to date.

    Troilus Gold Corp. has broadened its scope somewhat with this shrewd acquisition. The complete acquisition of all outstanding common shares of UrbanGold Minerals Inc. leads to an expansion of the exploitation area from 35,000 to more than 140,000 hectares. In 2020, Troilus significantly expanded its land package to over 107,000 hectares, making it the largest claim holder in the Frotet-Evans Greenstone Belt. Drill-ready targets across the consolidated land package now offer further growth potential, with feasibility study work to follow in the second half of the year.

    The combination of UrbanGold with Troilus will be of significant benefit to shareholders of both companies, as the development of the combined property can now be undertaken more efficiently. Troilus shares reacted positively to the deal, swinging upward from CAD 1.14 to CAD 1.30. The new share count is 151.7 million, representing an aggregate market capitalization of approximately CAD 192 million. The Troilus story encourages entry even at the elevated level.

    Conflict of interest

    Pursuant to §85 of the German Securities Trading Act (WpHG), we point out that Apaton Finance GmbH as well as partners, authors or employees of Apaton Finance GmbH (hereinafter referred to as "Relevant Persons") may in the future hold shares or other financial instruments of the mentioned companies or will bet on rising or falling on rising or falling prices and therefore a conflict of interest may arise in the future. conflict of interest may arise in the future. The Relevant Persons reserve the shares or other financial instruments of the company at any time (hereinafter referred to as the company at any time (hereinafter referred to as a "Transaction"). "Transaction"). Transactions may under certain circumstances influence the respective price of the shares or other financial instruments of the of the Company.

    Furthermore, Apaton Finance GmbH reserves the right to enter into future relationships with the company or with third parties in relation to reports on the company. with regard to reports on the company, which are published within the scope of the Apaton Finance GmbH as well as in the social media, on partner sites or in e-mails, on partner sites or in e-mails. The above references to existing conflicts of interest apply apply to all types and forms of publication used by Apaton Finance GmbH uses for publications on companies.

    Risk notice

    Apaton Finance GmbH offers editors, agencies and companies the opportunity to publish commentaries, interviews, summaries, news and etc. on These contents serve information for readers and does not constitute a call to action or recommendations, neither explicitly nor implicitly. implicitly, they are to be understood as an assurance of possible price be understood. The contents do not replace individual professional investment advice and do not constitute an offer to sell the share(s) offer to sell the share(s) or other financial instrument(s) in question, nor is it an nor an invitation to buy or sell such.

    The content is expressly not a financial analysis, but rather financial analysis, but rather journalistic or advertising texts. Readers or users who make investment decisions or carry out transactions on the basis decisions or transactions on the basis of the information provided here act completely at their own risk. There is no contractual relationship between between Apaton Finance GmbH and its readers or the users of its offers. users of its offers, as our information only refers to the company and not to the company, but not to the investment decision of the reader or user. or user.

    The acquisition of financial instruments entails high risks that can lead to the total loss of the capital invested. The information published by Apaton Finance GmbH and its authors are based on careful research on careful research, nevertheless no liability for financial losses financial losses or a content guarantee for topicality, correctness, adequacy and completeness of the contents offered here. contents offered here. Please also note our Terms of use.

    Der Autor

    André Will-Laudien

    Born in Munich, he first studied economics and graduated in business administration at the Ludwig-Maximilians-University in 1995. As he was involved with the stock market at a very early stage, he now has more than 30 years of experience in the capital markets.

    About the author

    Related comments:

    Commented by Stefan Feulner on April 22nd, 2024 | 07:30 CEST

    After Gold and Silver: Nickel on the Move! Kinross Gold, Power Nickel, Royal Gold

    • Mining
    • Gold
    • Silver
    • Nickel

    The geopolitical uncertainties with the escalation between Iran and Israel helped precious metals to further price surges. Despite being technically overbought, gold was able to hold its ground near the USD 2,400 per ounce mark, while silver closed the week with a further gain of around 3%. In the shadow of this, industrial metals are moving into the spotlight after a weak overall year in 2023. Alongside copper, nickel, an important raw material for many low-carbon technologies, has established a solid base in recent months.


    Commented by André Will-Laudien on April 22nd, 2024 | 07:15 CEST

    War in the Middle East and the explosive commodity cycle: Rheinmetall, Renk, Globex Mining, and Varta in focus!

    • Mining
    • Commodities
    • Gold
    • Defense

    Well, that escalated quickly. Just a week has passed since Iran carried out a nighttime attack on Israel. That was followed by a few days of commemoration, a few phone calls with Washington and the UN, and then last Friday, an Israeli counterattack was reported. While the agency news is not really clear yet, the stock markets are taking the current uncertainty as an opportunity to finally let some air out of the inflated system. Central banks are also stepping back from hoped-for interest rate cuts, as current inflation is too high and the negative signals from the economy are not yet excessive. All in all, defense stocks are holding up well, and a new upward cycle is beginning for commodities. It took a while, but now is the time to have the right stocks in the portfolio.


    Commented by Armin Schulz on April 17th, 2024 | 06:45 CEST

    Barrick Gold, Globex Mining, BP - Commodities In the spotlight: Supercycle started?

    • Mining
    • Gold
    • Silver
    • Commodities
    • Oil
    • Gas

    Global demand for commodities is reaching new heights, partly driven by increasing geopolitical tensions. The exchange of attacks between Iran and Israel is a case in point. This conflict, deeply rooted in religious and political differences, continues to escalate and could have far-reaching consequences for international stability and commodity markets. With this latest escalation of the Middle East conflict, security aspects in the global competition for important resources such as gold, silver and copper are taking center stage. China is demonstrating its hunger for resources. However, the price of oil has also risen recently. There has long been talk of a commodity supercycle. Perhaps it has now finally begun. Where should one invest now?