Close menu




September 30th, 2021 | 13:54 CEST

Good News from Evergrande, Plug Power and Triumph Gold

  • Gold
Photo credits: pixabay.com

Volatility has increased sharply on the stock markets in recent days. The overall mood is negative. Technology stocks, in particular, are suffering from rising interest rates. In China, energy shortages due to a lack of coal are slowing economic growth, and worries surrounding Evergrande's insolvency continue. The insolvent real estate group has sent a sign of life and gives investors hope. Investors also have renewed hope in hydrogen stocks like Plug Power. For the purchase of gold shares, one needs courage at present. However, this could soon be rewarded in the case of Triumph Gold, for example.

time to read: 2 minutes | Author: Fabian Lorenz
ISIN: CHINA EVERGRANDE GROUP | KYG2119W1069 , PLUG POWER INC. DL-_01 | US72919P2020 , TRIUMPH GOLD CORP. | CA8968121043

Table of contents:


    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

     

    Triumph Gold: Indication of good drilling results?

    When it gets stormy on the stock markets, then the hour of gold strikes. Indeed. After the high in the summer of 2020 at over USD 2,050, the air is out of the gold price. Currently, an ounce can be bought for around USD 1,750. Also, from a chart-technical point of view, there is nothing to be said about an increase. But this is precisely the environment for anti-cyclical investing. In addition to the standard stocks such as Barrick Gold and Newmont, it is worth looking at explorers such as Triumph Gold Corp. The market value of the Canadian gold explorer is currently below EUR 20 million. Like the entire industry, the Triumph share has corrected significantly and is trading almost 50% below its high for the year. At the same time, important drill results are pending.

    Triumph is currently focusing on the Freegold Mountain project in the mining-friendly Yukon region. The area covers 200 sq km and is located in the Dawson Range copper-gold belt. Recently, the Company announced the completion of a 19-hole, 6,615m diamond drilling program on the Freegold Mountain property in the Nucleus and Revenue areas. In advance of the campaign, the Company had completed an extensive study in conjunction with Minerva Intelligence. The analysis, conducted with the assistance of artificial intelligence, indicated new gold and copper mineralization. Final drill results should be available no later than October.

    A recent personnel development indicates that the drilling is successful. Thus, Brian May is Triumph Gold's new president. He joined Triumph Gold in November 2020 as a senior geoscientist and is an integral part of the exploration team at the Freegold Mountain project. If there were problems there, he would be unlikely to be promoted. So the coming weeks should be exciting at Triumph Gold.

    Evergrande sells silverware

    China Evergrande has also been exciting for weeks, but not to the delight of investors. The insolvent real estate group is struggling to solve its problems without triggering a quake like the Lehman bankruptcy. There has now been an interim success along this path. Evergrande has sold its stake in Shengjing Bank. For the 19.93% stake, the ailing group will receive around USD 1.5 billion. The buyer is the state-owned asset Company Shenyang Shengjing. On the back of the news, Evergrande shares rose by over 10% on Wednesday. However, this should only mean a breather. After all, the Chinese group is more than USD 300 billion in debt to customers, banks and investors. The Chinese government has recently indicated that it will not rescue Evergrande but will support an orderly liquidation.

    Plug Power builds in the USA

    There is positive news from Plug Power. In California, the Company plans to build an innovative plant to produce green hydrogen from wastewater. After completion in 2023, the plant in Fresno County is to be the largest hydrogen production facility on the US West Coast. It will then supply customers "from San Diego to Vancouver" with 30 metric tons of liquid green hydrogen daily while simultaneously processing wastewater from the neighboring city of Mendota. The plant's energy supply is to be ensured by the construction of its solar park with a capacity of 120 MW. The plant is an essential building block on Plug Power's way to offer green hydrogen at competitive prices in the future.


    Plug Power is demonstrating that it is one of the most solid and leading hydrogen companies. Evergrande is sending a sign of life that should not be overstated, and Triumph Gold offers itself for anti-cyclical gold investment.


    Conflict of interest

    Pursuant to §85 of the German Securities Trading Act (WpHG), we point out that Apaton Finance GmbH as well as partners, authors or employees of Apaton Finance GmbH (hereinafter referred to as "Relevant Persons") may in the future hold shares or other financial instruments of the mentioned companies or will bet on rising or falling on rising or falling prices and therefore a conflict of interest may arise in the future. conflict of interest may arise in the future. The Relevant Persons reserve the shares or other financial instruments of the company at any time (hereinafter referred to as the company at any time (hereinafter referred to as a "Transaction"). "Transaction"). Transactions may under certain circumstances influence the respective price of the shares or other financial instruments of the of the Company.

    Furthermore, Apaton Finance GmbH reserves the right to enter into future relationships with the company or with third parties in relation to reports on the company. with regard to reports on the company, which are published within the scope of the Apaton Finance GmbH as well as in the social media, on partner sites or in e-mails, on partner sites or in e-mails. The above references to existing conflicts of interest apply apply to all types and forms of publication used by Apaton Finance GmbH uses for publications on companies.

    Risk notice

    Apaton Finance GmbH offers editors, agencies and companies the opportunity to publish commentaries, interviews, summaries, news and etc. on news.financial. These contents serve information for readers and does not constitute a call to action or recommendations, neither explicitly nor implicitly. implicitly, they are to be understood as an assurance of possible price be understood. The contents do not replace individual professional investment advice and do not constitute an offer to sell the share(s) offer to sell the share(s) or other financial instrument(s) in question, nor is it an nor an invitation to buy or sell such.

    The content is expressly not a financial analysis, but rather financial analysis, but rather journalistic or advertising texts. Readers or users who make investment decisions or carry out transactions on the basis decisions or transactions on the basis of the information provided here act completely at their own risk. There is no contractual relationship between between Apaton Finance GmbH and its readers or the users of its offers. users of its offers, as our information only refers to the company and not to the company, but not to the investment decision of the reader or user. or user.

    The acquisition of financial instruments entails high risks that can lead to the total loss of the capital invested. The information published by Apaton Finance GmbH and its authors are based on careful research on careful research, nevertheless no liability for financial losses financial losses or a content guarantee for topicality, correctness, adequacy and completeness of the contents offered here. contents offered here. Please also note our Terms of use.


    Der Autor

    Fabian Lorenz

    For more than twenty years, the Cologne native has been intensively involved with the stock market, both professionally and privately. He is particularly passionate about national and international small and micro caps.

    About the author



    Related comments:

    Commented by Stefan Feulner on September 27th, 2022 | 13:47 CEST

    Barrick Gold, Tocvan Ventures, Newmont, Glencore - Long-term positioning in gold makes sense

    • Mining
    • Gold
    • Commodities
    • Investments

    The FED's recent interest rate hikes and Chairman Jerome Powell's statement sent both equity and precious metals markets into the valley of tears. By all means, the monetary guardians want to curb rampant inflation. Whether this will succeed seems at least questionable. After all, it should not be forgotten that this would put an end to the already sputtering engine of the global economy. In addition, many already highly indebted countries are falling into ever greater problems due to higher interest payments. Thus, it is time to take a long-term, anticyclical position in the precious metals sector.

    Read

    Commented by Nico Popp on September 27th, 2022 | 12:46 CEST

    Deutsche Bank, Desert Gold, Uniper: Watch out for the financial crisis!

    • Mining
    • Gold
    • Investments
    • crisis

    The energy crisis is pushing utilities to the brink, the election victory of the radical right-wing party Fratelli d'Italia is putting a strain on the EU - and what are banks doing in this context? Weeks ago, Germany's top banking supervisor Raimund Rösler warned that the rapid turnaround in interest rates could also overburden some institutions. We look at banks, gas traders and a possible laughing third party.

    Read

    Commented by Stefan Feulner on September 26th, 2022 | 10:28 CEST

    BYD, Globex Mining, Newmont, Freeport-McMoRan - Copper with doubling potential

    • Mining
    • Copper
    • Gold
    • Commodities
    • Electromobility

    The price of copper has lost around a third since March of the current stock market year. Investors are selling the metal, which is known as an economic barometer, due to global recession fears and concerns of a drop in demand. However, due to the great importance of copper with regard to the energy turnaround, the tide is likely to turn again soon. Mining companies and commodity traders are already warning of a massive shortage of the world's most important metal. Goldman Sachs expects the price of copper to reach USD 15,000 per ton by 2025, which would mean a doubling of the current level.

    Read