November 25th, 2020 | 11:15 CET
Moderna, Triumph Gold, BioNTech - bet on winners!
Table of contents:
The long-term trend not in danger
The good news - the long-term upward trend is still intact. Since its low in autumn 2015 at USD 1,060.60, it has risen steeply, taking out the autumn high of 2012 at USD 1,923. The new all-time high of August this year, at just under USD 1,975, could not be broken in the past few weeks. Due to the short-term positive news regarding the US election and several successfully tested vaccines, the uncertainty temporarily disappeared from the market.
Yesterday, the gold price broke through a critical support zone at USD 1,825. If this slippage is sustained, the next broad support would be at USD 1,740, which should also be the target range for this correction. Both fundamentally, due to further uncertainties concerning the rising national debt and the fear of hyperinflation, we continue to expect new highs no later than 2021. Anticyclically, one should also think about first positions in mining stocks, which have also become cheaper. Opportunities exist in both the big players and in second-tier stocks.
Industry giants trust
One of these interesting opportunities is the Triumph Gold share. Triumph Gold Corp. is a growth-oriented Canadian gold exploration Company with a large land package in the mining-friendly, Yukon. The main focus is on the Freegold Mountain Project, which has an excellent infrastructure. Well-known names in the gold industry adorn the Canadian shareholder list. In addition to the Zijn Mining Fund, with 9.8%, and the industry leader Newmont Mining, with 12.8%, larger institutional investors with a share of over 40% are also represented.
Successful drilling program
In late September, Triumph Gold announced the completion of the fully-funded PR20-07 drill program. The results were far better than expected. In addition to minor trenching and reconnaissance sampling, diamond drilling was carried out at a depth of 2,068 metres. According to Jesse Halle, Vice President of Exploration, several of the reconnaissance samples collected indicate that gold mineralization is much more widespread than previously thought. As a result, the 2021 exploration program will be expanded. With USD 6 million in cash in the account, this exploration program is already secured.
After the share price marked a high of CAD 0.48 in August this year, the value also corrected significantly by over 50% to CAD 0.215. Given the successful drilling results, this discount seems to be exaggerated. Triumph Gold offers enormous takeover potential due to the well-filled shareholder list.
Moderna for Europe
"The biggest medical revolution since Aspirin", Moderna boss Stéphane Bancel called the development of a vaccine against the coronavirus. For a long time, it was in the balance whether and how many doses the Europeans would get from the promising vaccine of the US manufacturer. Now the EU Commission has negotiated a framework agreement for up to 160 million doses, and the contract is to be formally sealed on Wednesday. In addition to Moderna, the EU Commission has secured up to 300 million doses from the German-American joint venture, BioNTech and Pfizer, plus 300 million doses from AstraZeneca.
So far, no corona vaccine has received European approval. The first licenses could be granted in December, according to expectations of the German government and the EU Commission. Before that, however, an examination by the European Medicines Agency (EMA) is necessary.
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