Recent Interviews

Matthew Salthouse, CEO, Kainantu Resources

Matthew Salthouse
CEO | Kainantu Resources
3 Phillip Street #19-01 Royal Group Building, 048693 Singapore (SGP)

+65 6920 2020

Interview Kainantu Resources: "We hold the key to growth in the Asia-Pacific region".

Justin Reid, President and CEO, Troilus Gold Corp.

Justin Reid
President and CEO | Troilus Gold Corp.
36 Lombard Street, Floor 4, M5C 2X3 Toronto, Ontario (CAN)

+1 (647) 276-0050

Interview Troilus Gold: "We are convinced that Troilus is more than just a mine".

John Jeffrey, CEO, Saturn Oil + Gas Inc.

John Jeffrey
CEO | Saturn Oil + Gas Inc.
Suite 1000 - 207 9 Ave SW, T2P 1K3 Calgary (CAN)


Saturn Oil + Gas CEO John Jeffrey: "Acquisition has increased production by 2,000%"

28. July 2021 | 13:42 CET

Commerzbank, Aztec Minerals, MorphoSys - Save yourself!

  • Commodities
Photo credits:

The fear of rapidly rising interest rates was taken away from investors at the past meetings of the central banks. In addition to the ECB's change in monetary policy strategy, where the inflation target of "below or close to 2%" was set aside, the Federal Reserve is blithely continuing its money printing. Despite a 5.4% increase in prices in June, US monetary watchdogs continue to focus on a growing economy and a robust labor market and continue to hold off on a monetary policy response. These hesitant measures put financial stability at risk - the best conditions for investment in precious metals.

time to read: 3 minutes by Stefan Feulner

Dr. Thomas Gutschlag, CEO, Deutsche Rohstoff AG
"[...] China's dominance is one of the reasons why we are so heavily involved in the tungsten market. Here, around 85% of production is in Chinese hands. [...]" Dr. Thomas Gutschlag, CEO, Deutsche Rohstoff AG

Full interview



Stefan Feulner

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.

About the author

Gold mines with leverage

The bottom line is that central banks have no choice. For years, the ultra-loose monetary policy has created giant speculative bubbles in the stock and bond markets and real estate. In addition, the countries are historically highly indebted, once again fueled by the stimulus packages. In the event of major interest rate hikes, a crisis with corporate bankruptcies and sovereign defaults would be pre-programmed. The best way to hedge against this looming scenario is to invest in gold. The precious metal has always been considered a protection against inflation and a crisis currency. Invest at least part of your assets; the old banker's rule is 10% in gold or gold mining shares. Securities of mining companies have the advantage of performing better in the event of a permanently rising base price, and investors can thus profit disproportionately.

Best conditions

The exploration Company Aztec Minerals, led by experienced management with a proven track record, has made a promising start. The geologist Allen David v. Heyl, responsible for discovering and evaluating more than 30 million ounces of gold and 25 million tons of copper at companies such as Barrick Gold and Zijin Mining, deserves special mention.

Aztec Minerals' focus is on properties in North, Central and South America. In the main asset, which is bundled in a joint venture, the junior explorer holds 65%. It is the prospective Cervantes porphyry gold-copper deposit in Sonora, Mexico. In addition, there is a 75% interest in the historic Tombstone properties in Cochise County in Arizona, where high-grade mineralization with silver, lead, zinc and gold is suspected.

Initial results from the two-phase drill program, with 20 holes and 2,900m planned for the full year 2021 at the Tombstone project, were released back in early July and far exceeded expectations. Additional results crossed the tickers yesterday afternoon, confirming and extending the high-grade oxidized gold-silver mineralization near surface.

The five holes were completed on two drill grids as infill drilling between the earlier two holes and as a step-out to the holes reported on July 7, 2021, in the north-central portion of the Contention open pit. Each of the five holes intersected near-surface oxidized gold-silver mineralization, and all five holes ended in mineralization at depth. The next steps include step-out and twin drilling of three historical holes to verify the old data for use in a future resource estimate.

Aztec Minerals is well ahead of schedule on this year's drill program. The attractiveness of the projects should quickly put the Canadians in the focus of a takeover by major players. Currently, the stock market value is only EUR 15 million. This investment is promising in the long term and serves as a speculative portfolio addition.

Thumbs down for Coba

A hail of bad analyst opinions weighed on the Commerzbank share price. With a minus of over 2%, the financial institution is approaching the critical support at EUR 5.0. In the run-up to the figures for the second quarter, analyst houses are losing faith in the profitability of the Frankfurt-based company. The Swiss bank UBS left the rating at "sell" with a price target of EUR 4.80. According to the experts, special charges are likely to have determined the second quarter.

British Barclays also left its rating for Commerzbank at "underweight" with a price target of EUR 5.0 before figures. Commerzbank's fee income should have normalized in the second quarter, along with trading profit, and net interest income should also have been stable. Likewise, analyst Jun Yang reckons that loan provisions were lower than in the first quarter. Currently, there is no reason to invest in Commerzbank; instead, we are eagerly awaiting the figures that will be presented.

MorphoSys in free fall

The analysts of Commerzbank are also skeptical, however not for their shares, but for the biotechnology Company MorphoSys. Commerzbank analyst Daniel Wendorff calls the more cautious sales target a "negative surprise". However, even more serious is the reduction of the balance sheet item "Financial liabilities from collaborations, excluding current portion" by around EUR 102 million. This figure includes the expectations for the drug Monjuvi. As a result, according to the analyst, skepticism is likely to increase concerning the profitability of the drug. As a result, the buy recommendation has been removed, and the rating is now "hold".

Fears of inflation are not diminishing and are being fueled by central banks' continued loose monetary policy. The growth and labor market preferences and the underestimation of inflation are optimal conditions to invest in gold mining stocks such as Aztec Minerals. In contrast, we currently refrain from entering MorphoSys and Commerzbank.


Stefan Feulner

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.

About the author

Conflict of interest & risk note

In accordance with §34b WpHG we would like to point out that Apaton Finance GmbH as well as partners, authors or employees of Apaton Finance GmbH may hold long or short positions in the aforementioned companies and that there may therefore be a conflict of interest. Apaton Finance GmbH may have a paid contractual relationship with the company, which is reported on in the context of the Apaton Finance GmbH Internet offer as well as in the social media, on partner sites or in e-mail messages. Further details can be found in our Conflict of Interest & Risk Disclosure.

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  • Commodities

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  • Commodities

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  • Commodities

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