January 6th, 2022 | 10:25 CET
BYD, Tembo Gold, Deutsche Bank - Tesla has the competition breathing down its neck
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"[...] I wouldn't be surprised if the project ends up showing more than 5 million ounces. [...]" Gary Cope, President and CEO, Barsele Minerals
The native Franconian has more than 20 years of stock exchange experience and a broadly diversified network.
He is passionate about analyzing a wide variety of business models and investigating new trends.
BYD - King in China
The delivery figures for the full year 2021 are in and show the expected strong growth. Tesla remains the measure of all things for global electric vehicle producers, with a market share of just under 15%. Musk's Company delivered 308,600 units in the fourth quarter alone, up 30% from the third quarter and up about 70% YOY. For the full year, this represented an 87% increase in growth over 2020 as a whole, with a record 936,000 vehicles.
The Chinese electric vehicle company BYD, the best-selling NEV brand in China, enjoyed similar success. In 2021, BYD sold 730,000 vehicles, up 75.4% YOY. NEV sales increased 231.6% YOY to 593,700 units. In December alone, BYD sold a total of 98,000 vehicles, of which nearly 95% were NEVs. According to a research report by CITIC Securities, BYD is expected to deliver 1.50 million NEVs in 2022.
In addition to Tesla and BYD, China's startups are also benefiting from a burgeoning NEV market. Insiders believe that the Chinese NEV market will continue to experience high growth this year. The forecast is that NEVs will account for over 30% of the Chinese car market by 2025.
Chinese e-car stocks fell sharply despite the excellent outlook, with BYD losing around 7% and falling below the critical support level at EUR 29.50. The reason is, once again, the government. However, this time, it is not about regulation but about capping subsidies for electric cars by 30% from Jan. 1, 2022. Starting next year, subsidies for the purchase of NEVs are to be eliminated entirely.
Tembo Gold - Best conditions for the new year
An early Christmas present was under the Christmas tree for the long-suffering investors of Tembo Gold, after they had to wait more than 7 long years for the resumption of exploration work at the Tembo mine of the same name. The deposit is located in Tanzania, in the Lake Victoria goldfield. The entire mining industry was thwarted by the government, which opposed mining. In recent years this led to a veritable flight of investment and the collapse of the mining industry in the East African country. However, with new elections, the tide has turned, and new investment has since increased by over 700%, and mines are back in operation.
Tembo Gold used the downtime to expand the property from 110 sq km to 174 sq km. In addition, 54 new drill targets were identified using artificial intelligence technology. As a result, 57 targets are now available for further exploration. In addition, the 7,000m drilling program has been underway since October. The geographical location of the Tembo mine, located next to Barrick Gold's Bulyanhulu mine, is likely to have tipped the scales towards this milestone in the Company's history.
For USD 6 million, Barrick is acquiring from Tembo six licenses directly adjacent to the Bulyanhulu mine. In addition, Barrick becomes a shareholder of Tembo. Upon signing the purchase agreement, Barrick's subsidiary Bulyanhulu Gold Mine Limited agreed to subscribe for common shares of Tembo in a private placement for CAD 0.27 per common share. Barrick is acquiring a total of 5,518,764 shares, bringing its shareholding in the Company to 5.5%.
The future of the partnership with the major looks bright. The world's second-largest gold producer committed to investing at least USD 9 million in the newly acquired license area over the course of 4 years following the transaction's closing. In a best-case scenario, Tembo Gold could draw a total contingency of USD 45 million from this.
Deutsche Bank - Is the breakout coming?
The Deutsche Bank share chart shows it. The Frankfurt-based company is making good progress with its corporate restructuring. In the course of the sale of the hedge fund business and electronic share trading to BNP Paribas, the transfer of clients, technology and employees to the rival was completed at the end of the year, both institutions announced. As part of the deal, BNP Paribas took on about 900 employees worldwide from Deutsche Bank over the past two years.
Meanwhile, according to Reuters news agency, the DAX group is planning a joint venture in China with the asset management unit of Postal Savings Bank of China. With a market volume of around USD 45 trillion, the Chinese capital market is one of the largest in the world. Since 2019, the country has opened the asset management market to foreign banks. Since then, various financial institutions have been pushing into the asset management market of what is still the second-largest economy. At EUR 11.92, the Frankfurt-based share faces a strong buy signal if it breaks out above the EUR 12.59 level.
The sales figures of the electric car manufacturers continue to point upwards. However, BYD is struggling with important supports. Deutsche Bank, on the other hand, could see a breakout soon. Tembo Gold should increasingly come onto investors' radar in the gold sector as the gold price rises.
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