16. April 2020 | 14:21 CET
Desert Gold Ventures, Osino Resources, Scottie Resources - Investing like billionaires
The price of gold has risen since May 2019 from below USD 1,270.00 per troy ounce to now over USD 1,700.00. The reasons for this are obvious, as the money supply is constantly being increased by the central banks and at the same time, aid programmes to stabilise the economy are helping to devalue money. Gold is considered a safe haven in uncertain times and in connection with the Corona Crisis the interest in the precious metal is correspondingly high. The high demand for bars and coins, as well as the logistical challenges due to the current pandemic, are causing sell-out trading houses. Prominent investors have already invested in gold companies with price potential.
time to read: 1 minutes by Mario Hose
"[...] We knew the world was rapidly electrifying and urbanising and needing significant amounts of copper to do so. [...]" Nick Mather, CEO, SolGold PLC
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.
Gold deposits in Mali
Desert Gold Ventures is a Canadian gold company focused on the exploration of its approximately 300 square kilometre Senegal-Mali Shear Zone (SMSZ) in Mali on the border with Senegal in West Africa. Well-known producers such as B2Gold, Barrick Gold and Endeavour Mining are also active in the region. The management has already discovered gold deposits and 20 zones in the past and plans to collect more data on gold reserves with further drilling programs. This information will be used to determine the extent of the precious metal deposits in the areas. The company has already been able to demonstrate a grade of 6.3 g/t gold over a length of at least 13 meters. With a share of 3.4%, the successful resource investor Ross Beaty is one of the company's largest shareholders.
Desert Gold Ventures this week announced a financing round in which investors can acquire units consisting of one share and half a warrant at a price of CAD 0.08 for a four-month holding period. With a full warrant, investors can purchase additional shares of the company for CAD 0.15 over a three-year period. Alternatively, the tradable shares are available on the stock exchange as usual.
Focus on Namibia
Ross Beaty is also an investor in Osino Resources, a gold company focused on exploration in Namibia. The company has also made discoveries and is now in the process of drilling to obtain additional details on the gold deposits. As an explorer, Osino Resources is focused on attracting the attention of producers in order to be acquired. CEO Heye Daun has a history of building a company until it was acquired by the producer B2Gold. It is expected that Osino Resources will have a similar exit strategy for investors.
In the Golden Triangle of British Columbia
Scottie Resources recently brought Canadian billionaire Eric Sprott on board as an investor in a financing round. The company explores its own areas in the so-called 'Golden Triangle' of British Columbia. Between 1981 and 1985, 95,426 ounces of gold with an average grade of 16.2 g/t have already been mined in one of the company's assets. In addition, the region has a relatively good infrastructure. Further drilling programmes will also enable Scottie Resources to provide additional information for potential buyers of areas or the entire company. In the neighbourhood Pretium is already engaged in gold mining.
