June 16th, 2021 | 14:26 CEST
Blackrock Silver, JinkoSolar, K+S - Betting on the trend
Silver is not only in demand as a "crisis currency," but also from industry. The precious metal is characterized by several advantageous physical properties that make it extremely valuable for industrial use. For example, silver plays a major role in solar and battery production. As a result, the price of silver has already risen significantly in recent months. But what if the trend continues for longer?
time to read: 3 minutes
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Author:
Carsten Mainitz
ISIN:
CA09261Q1072 , US47759T1007 , DE000KSAG888
Table of contents:
Author
Carsten Mainitz
The native Rhineland-Palatinate has been a passionate market participant for more than 25 years. After studying business administration in Mannheim, he worked as a journalist, in equity sales and many years in equity research.
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BLACKROCK SILVER CORP - Investors are excited
On June 8, the Company reported the completion of a CAD 10 million capital increase, with shares placed at a price of CAD 0.75. Good drilling results in the recent past have led to high demand from investors. Currently, the share price stands at CAD 0.75, bringing the Canadian Company's total float to CAD 130 million. The Company intends to use the net proceeds from the private placement to explore the Company's portfolio of gold and silver projects in Nevada and for general working capital purposes. The Company also secured First Majestic Silver as a new investor in a previous financing round.
Blackrock Silver is focused on exploring and developing projects in the "Silver State" of Nevada. The most significant, historic silver discoveries in the US state included the Comstock Lode and Tonopah Silver District in western Nevada within the so-called Walker Lane Trend. Blackrock Silver's larger project "Tonopah West" covers an extensive area west of the Tonopah Silver District. Blackrock's objective is to prove the western extension of the District and restore the Tonopah Silver District to a significant producing area. To this end, 40,000 meters are being drilled as part of the current drilling program.
Blackrock Silver's strategy is to explore deeper extensions of the high-grade vein system at Tonopah, which has already proven to be a major success. With the completion of the capital raise, the Company is well-capitalized through 2021 to rapidly advance exploration and prepare the first resource estimate at Tonopah West by the end of the year. The project has the potential to become a world-class silver discovery in the US state.
JINKOSOLAR HOLDING CO LTD ADR - Growth Stock
The Company represents the entire value chain for solar power products, ranging from silicon wafers to solar modules. The Company has been growing faster than the market for years. This momentum is based on innovation. JinkoSolar is ranked tenth on the list of the world's most important new energy companies and is the first manufacturer to mass produce a solar panel with an efficiency of around 25%. Even the German DEKRA recently awarded top marks to the Tiger Pro product, a so-called double glass module, certifying above-average durability even under the most challenging conditions.
Even if most analysts consider the share to be exhausted at the moment, the Company's valuation is moderate. We are convinced that the long-term framework conditions are fully intact. The energy turnaround has only just begun. Government climate protection targets, regulations and subsidy programs are giving the whole thing a significant boost. The Company will publish quarterly figures on June 25. We are curious to see what the market and the analyst community will make of these.
K+S AG - One man's grief is another man's joy
A few weeks ago, the Belarusian authorities forced a Ryanair passenger plane from Athens to Vilnius to make a stopover in Minsk and arrested the government critic Roman Protasevich and his girlfriend Sofia Sapega, who were on board; this not only caused political waves. The European Parliament is currently calling for further sanctions. According to a resolution adopted on June 10, punitive measures should be taken against crude oil processing, the manufacture of petroleum products, and the potash, steel and wood processing industries.
Immediately after the incident, the stock exchange smelled a rat, as it was suspected that the weakening of the competitive position of the state-owned fertilizer producer Belaruskali would strengthen Germany's K+S. K+S was then able to leave the EUR 10 mark behind quickly and is currently trading at around EUR 11.84, valuing the Company at just under EUR 2.3 billion. K+S is the world's largest salt producer and belongs to the top group of international potash suppliers. At the beginning of the week, Commerzbank upgraded the share from "hold" to "buy" and raised the price target from EUR 10 to EUR 15.
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