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Nick Mather, CEO, SolGold PLC

Nick Mather
CEO | SolGold PLC
1 King Street, EC2V 8AU London (GB)

emichael@solgold.com.au

+44 20 3823 2125

SolGold CEO Nick Mather on building a major gold and copper mining company


Jared Scharf, CEO, Desert Gold Ventures Inc.

Jared Scharf
CEO | Desert Gold Ventures Inc.
4770 72nd St,, V4K 3N3 Delta (CAN)

jared.scharf@desertgold.ca

Desert Gold Ventures CEO Jared Scharf on West Africa and its potential


Stephan Dorfmeister, Finance Department, Deep Nature Project GmbH

Stephan Dorfmeister
Finance Department | Deep Nature Project GmbH
Untere Hauptstraße 168, 7122 Gols (AT)

office@deep-nature.at

+43 681 10139055

Like Aurora Cannabis and Canopy Growth, Deep Nature Project GmbH focuses on value chain


06. July 2020 | 08:48 CET

Desert Gold, Steinhoff, Wirecard - what investors need to know now

  • Gold

Central banks have been printing more money than ever before since the outbreak of the Corona Pandemic. Those who want to escape from money are buying shares or purchasing physical assets such as real estate or precious metals. Gold is the oldest and most secure currency in the world. The value of bars and coins has been rising since the second quarter of 2019 and is increasingly gaining momentum. In the case of Wirecard, the extra time has begun and the fair value will move towards zero after the insolvency filing. What is now going on at Steinhoff? An exciting week has begun.

time to read: 2 minutes by Mario Hose


Jared Scharf, CEO, Desert Gold Ventures Inc.
"[...] Our SMSZ project is the largest contiguous land package of any exploration company in the region at 400km2 and overlays a 38km portion of the prolific Senegal Mali Shear Zone. [...]" Jared Scharf, CEO, Desert Gold Ventures Inc.

Full interview

 

Gold stock may continue to rise

The Canadian gold company Desert Gold is exploring its more than 400 km2 projects in western Mali on the border with Senegal. The company is focused on gold and in the past, deposits of the precious metal have been discovered in attractive quantities at several locations. The projects are surrounded by mines from renowned producers such as B2Gold and Barrick Gold. In the current and future drilling programs the goal is to discover reserves of up to six million ounces.

According to S&P Global, Market Intelligence, in 2018, acquisitions in Africa paid more than USD 200 per ounce in the ground. At that time, however, the price of gold was largely trading below USD 1,300.00 and is now traded at around USD 1,800.00. Last week Desert Gold acquired another area for projects. As a result, the value of the company has continued to increase and now stands at around CAD 24 million. As soon as positive information from the current drilling program becomes known, the interest in the share should continue to increase.

Is a solution imminent?

The Steinhoff trading group has hit the headlines due to balance sheet manipulation. A high debt burden of more than 10 billion USD is causing management and shareholders great headaches, which may soon be ended by a settlement. In the past financial year 2019, the company increased its sales by 5% from EUR 11,435 million to EUR 11,992 million. The bottom line EBITDA increased by 3% from EUR 771 million to EUR 791 million. In the first quarter of the current fiscal year, sales increased by 7% from EUR 3,214 million to EUR 3,445 million compared to the same period of the previous year.

In light of the fact that the market value of Steinhoff currently amounts to around EUR 263 million, a solution with the creditors will have an enormous effect on the share price. In the coming weeks, the share will probably keep speculators busy more than ever.

Messengers of information ignored

The Wirecard scandal can be viewed from various perspectives. The suspicion of fraud is unprecedented and seems to be hard to beat in its unscrupulousness. The suspicion is now raised that the management was able for a long period of time to bypass the auditors and falsify the balance sheets. This fact in itself is bad for confidence in the capital market and the industry.

However, the whole affair takes on a completely different quality because for many years, market participants have regularly pointed out that Wirecard's figures and development cannot be correct. The allegation of fraud has been flying around for more than ten years. The responsible institutions, organizations and auditors could have averted a great amount of damage if the persons who sent the information had not been ignored or punished, but rather if the controlling institutions had carefully examined the facts of the case. Now the "cat and mouse game" is over - game over. Sorry, no bonus.


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 shares in the aforementioned companies and that there may therefore be a conflict of interest. Further details can be found in our Conflict of Interest & Risk Disclosure.


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03. August 2020 | 07:53 CET

Ballard Power, NEL ASA, Desert Gold - why we will see panic

  • Gold

In the past two years, the shares of listed hydrogen companies have risen significantly due to a lack of alternatives. A new eco-system with hydrogen as an energy carrier is being created worldwide and, as part of the development process, suppliers from all parts of the world are positioning themselves - around the globe. Some of these companies already have a long history and can now enjoy state-subsidized success. Political measures and the increase in the money supply, by the central banks, are creating a boom in demand in another sector, which only a few investors have focused on so far - the discovery of gold reserves. The flight from money is driving the demand for physical gold to historic highs and an end is not in sight due to the threat of a second wave of corona contagion. The major producers have already seen their gold reserves shrink by 34% since 2012 and it is feared that the annual production volume will fall from 118 million ounces in 2020 to below 65 million ounces in 2029. A takeover wave in the exploration sector is a logical consequence.

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30. July 2020 | 08:33 CET

Kinross Gold, Osino Resources, Scottie Resources - why now is the right time

  • Gold

It seems as if it has already been decided that the gold price will soon hit the USD 2,000.00 mark. This price is now only symbolic in character, as the precious metal is already at an all-time high and its value continues to rise. Due to the increase in the money supply by the central banks, more and more people are fleeing into the oldest currency in the world and buying gold. Next, the shares of producers and exploration companies will come into focus. Anyone who wants to be part of this must position themselves.

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28. July 2020 | 07:55 CET

Desert Gold, NetCents, SolGold, Triumph Gold - the big push is yet to come

  • Gold

Since the beginning of 2017, Bitcoin has been trading at over USD 1,000.00 and the establishment of this psychological mark has been celebrated by the crypto community as a historic breakthrough of a new system. A system that will continue to exist as an alternative to fiat money and as a new currency. The main argument for the Bitcoin was and still is that the number is finite. During 2017, more and more people became interested in the digital currency and the price escalated to USD 19,738.00. Even gold, as the oldest currency in the world, is almost finite, because it cannot be printed and must be found and mined at great expense. Since the beginning of the week, the price of gold has been trading at a historical level of around USD 1,940.00 and the question arises as to how much further the value of the precious metal can increase.

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