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June 15th, 2023 | 08:35 CEST

Lufthansa, Tocvan Ventures, Aurubis - Optimism is growing

  • Stockmarket
  • rebound
  • Gold
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In the run-up to the interest rate decision in the US, investors were in a buying mood and lifted Germany's leading index, the DAX, to a new all-time high. The fact that the monetary guardians are stopping short of further increases in this interest rate cycle offers room for further price gains. The travel industry, which has been badly hit by the Corona pandemic, is also receiving a tailwind. The sharp drop in share prices in the recent past should offer attractive entry opportunities at the current level.

time to read: 4 minutes | Author: Stefan Feulner
ISIN: LUFTHANSA AG VNA O.N. | DE0008232125 , TOCVAN VENTURES C | CA88900N1050 , AURUBIS AG | DE0006766504

Table of contents:

    Lufthansa AG - The crane is flying

    Spurred on by positive statements regarding the current travel season by the tourism group TUI, the Lufthansa share was able to break the downward trend established since March with a gain of more than 2% to EUR 9.80 and clearly break away from the 200-day line at EUR 9.42. If the resistance at just below the EUR 10 mark is broken, the next price targets are the April high at EUR 10.49 and the high for the year at EUR 11.16. Lufthansa AG is receiving tailwind from the trend-following indicator MACD, which had been forming positive divergences for weeks and was able to generate a fresh buy signal.

    Despite high inflation rates, the travel industry is benefiting from the continued high demand for summer, beach and sun vacations. According to a statement, TUI Germany CEO Stefan Baumert said on Tuesday evening in Berlin that they are experiencing a strong summer season "and, for the first time in recent weeks, guest numbers surpassing those of 2019." Half of the summer offers were sold out, and June was already 90% booked. Holidaymakers are again booking with longer lead times in order to secure favorable prices. *"And yet the interest in travelling in the coming weeks is so great that we have ordered additional capacities in some destinations," said Baumert.

    Tocvan Ventures - Positive Trend

    The end of the strict monetary policy with several interest rate hikes should further boost the precious metals gold and silver. After breaking the short-term downward trend at USD 1,966.91 per ounce, gold could quickly make an attempt to reach the psychologically important USD 2,000 mark. Of course, gold producers and junior mining companies such as Tocvan Ventures benefit from the rising base price. The Canadian company has a market capitalization of CAD 21.34 million and the share is currently quoted at CAD 0.54. The short-term downward trend established since April is currently at CAD 0.57. A breach should release a price potential up to the zone around CAD 0.67.

    The focus of the Canadians is on properties in Sonora, Mexico, the area with the highest silver production worldwide. With Pilar and El Picacho, the Canadians own two gold and silver projects that are in the immediate vicinity of producing mines or larger projects that are moving towards development. Near Pilar alone, there are three major projects within an 80 km radius: the San Antonio project of Osisko Development, Minera Alamos' Santana Mine and Argonaut Gold's La Colorada Mine.

    The Pilar project has been consistently delivering positive news flow for months. Weeks ago, the best drill results in the region were published. In connection with the metallurgical tests, Pilar has the potential to go into production in the short term. The progress report on the bulk sample also contained positive news. In parallel, the heap leaching process for the bulk sample continues. A total of over 800 t of material is being processed. In addition, another 350 t of milled material and 250 t of unprocessed bulk sample are available for later gravity separation and agitator leaching tests. The leaching results obtained so far show that gold and silver can be dissolved. In addition, 148 new samples were taken from the fine fraction of the screened material that is not processed by heap leaching. These samples showed significantly improved grades with **values averaging 2.1 g/t gold and 14.8 g/t silver.

    "As processing of the bulk sample continues, the initial results demonstrate the excellent potential of Pilar," says CEO Brodie Sutherland. "With each step forward, we are getting a more accurate representation of the potential grades and recovery rates at Pilar, which gives us additional confidence to develop the project. We look forward to reporting further progress as we continue to evaluate the bulk sample and compare multiple recovery methods to optimise this potential."

    Aurubis - Poised for growth

    The shares of the Hamburg-based copper producer reacted to the positive statements of the Group's CEO Roland Harings on the occasion of the specially held Capital Markets Day in London with a substantial gain of around 7% to EUR 85.06. The MDAX-listed company is aligning its balance sheet structure and capital allocation even more strongly with its established growth trajectory. Aurubis plans to invest about EUR 1.2 billion in eight strategic growth projects by the end of fiscal year 2025/26. These projects are expected to generate positive EBITDA contributions as early as fiscal year 2024/25, which should rise cumulatively to EUR 1.3 billion by fiscal year 2029/30 and thus exceed the capital expenditure.

    "Our Aurubis smelter network is already the most sustainable and efficient in the world. We are a cornerstone of the European Circular Economy. We will further strengthen our leading position through targeted strategic investments such as the construction of the multi-metal recycling plant in Georgia, USA, the expansion of the tankhouse at the Bulgarian site in Pirdop and the Complex Recycling Hamburg project in Germany. The US market in particular holds further potential for strategic growth. We see Aurubis Richmond as the first step on our way to becoming a fully integrated copper producer from recycling materials in North America as well. Through future investments in the downstream copper value chain, we would be in a position to further strengthen the circular economy in the US," said the CEO.

    Despite high inflation, the travel industry is booming, causing companies like TUI and Lufthansa to rally. Aurubis is benefiting from positive statements regarding its growth strategy. Tocvan Ventures followed up on the positive news of the past weeks with an update on the large sample.

    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 hold shares or other financial instruments of the aforementioned companies in the future or may bet on rising or falling prices and thus a conflict of interest may arise in the future. The Relevant Persons reserve the right to buy or sell shares or other financial instruments of the Company at any time (hereinafter each a "Transaction"). Transactions may, under certain circumstances, influence the respective price of the shares or other financial instruments of the Company.

    In addition, Apaton Finance GmbH is active in the context of the preparation and publication of the reporting in paid contractual relationships.

    For this reason, there is a concrete conflict of interest.

    The above information on existing conflicts of interest applies to all types and forms of publication used by Apaton Finance GmbH for publications on companies.

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    Der Autor

    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

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