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Ryan Jackson, CEO, Newlox Gold Ventures Corp.

Ryan Jackson
CEO | Newlox Gold Ventures Corp.
60 Laurie Crescent, V7S 1B7 West Vancouver (CAN)

info@newloxgold.com

+1 778 738 0546

Newlox CEO Ryan Jackson on building a green gold producer with a rapid growth trajectory


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


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


Nick Mather, CEO, SolGold PLC
"[...] We knew the world was rapidly electrifying and urbanising and needing significant amounts of copper to do so. [...]" Nick Mather, CEO, SolGold PLC

Full interview

 

Author

Mario Hose

Born and raised in Hannover, Lower Saxony follows social and economic developments around the globe. As a passionate entrepreneur and columnist he explains and compares the most diverse business models as well as markets for interested stock traders.

About the author


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.


Author

Mario Hose

Born and raised in Hannover, Lower Saxony follows social and economic developments around the globe. As a passionate entrepreneur and columnist he explains and compares the most diverse business models as well as markets for interested stock traders.

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.


Related comments:

21. October 2020 | 11:45 CET | by André Will-Laudien

Newmont, AngloGold Ashanti, Velocity Minerals - Gold runs bright

  • Gold

Physical gold inventories have increased steadily over the past decades and are currently at their highest levels. Namely because gold, unlike other raw materials, is practically indestructible and is not consumed except in small quantities in medicine or high-tech. As a result, the global amount of gold is continually increasing. The supposedly highest gold reserves are in the USA, where the government claims to have about 8,133 tons or 287 million ounces. Germany has the second-largest amount of gold reserves with 3,417 tons or 120 million ounces, followed by the International Monetary Fund with 3,217 tons (113 million ounces). The gold price has experienced a sharp increase in recent years. After exceeding the USD 1,000.00 per ounce mark for the first time in March 2008, it had already reached just over USD 2,000.00 per ounce by mid-2020. Investors can invest in the precious metal through derivatives, ETCs, mining stocks, or physical gold.

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13. October 2020 | 13:34 CET | by André Will-Laudien

Bayer, Barrick, Desert Gold: In Gold we trust!

  • Gold

The global economy moving at different speeds. In the USA, the ISM index for services is once again expanding slightly. In China, the mood in the service industry is once again pointing to a veritable recovery. In the eurozone, the economic sentiment examined by the analyst firm, Sentix, remains robust but without any new highs. Even with the rising infection rate, the pandemic will come to an end eventually. In Germany, economic data such as industrial orders, production, and exports, showed a slight slowdown in August. Nevertheless, the stock markets are swinging to new heights daily, as the latent threat from the infection necessitates further liquidity packages from governments. This monetary policy continues to imply very low-interest rates, a weakening USD, and rising inflation expectations. This environment should keep the demand for precious metals at least at a high level, so we remain on the lookout.

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07. October 2020 | 11:45 CET | by Nico Popp

Nornickel, Newcrest Mining, Triumph Gold: Which stock benefits from rising gold prices?

  • Gold

While the price of gold is slowly but surely picking up speed again, many investors are asking themselves with which share they will best profit, from rising precious metal prices. Many investors initially think of stocks such as Rio Tinto or BHP Billiton - but these companies are virtually not involved in the mining of precious metals. To profit from rising prices, investors must take a closer look. At first glance, Nornickel's stock seems to promise more of an investment in a producer of industrial metals. Still, the company also has many precious metals on offer - platinum and palladium account for more than 40% of the commodities produced. More critical are nickel and copper with a share of almost 50%. Gold and silver are only by-products.

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