May 26th, 2021 | 11:27 CEST
Nel ASA, Triumph Gold, Palantir - Inflation is coming!
Table of contents:
"[...] We have a clear strategy for neutralizing sovereign risk in Papua New Guinea. [...]" Matthew Salthouse, CEO, Kainantu Resources
Triumph Gold - Investing with the big players
The national debts rise, and the printing presses continue to run hot. In addition, there are extremely increased commodity prices, which continue to fuel inflation. In addition to the purchase of physical gold in bars and coins, gold mining stocks offer themselves at the current level, which is listed again at a fundamentally sound level due to the correction of the gold price. An exciting entry opportunity is currently offered by the exploration Company Triumph Gold. The value corrected since its all-time high last August of CAD 0.48 to currently CAD 0.20. For months, the stock has been bottoming out at the level between CAD 0.18 and CAD 0.20. A breakout above the resistance level of CAD 0.20 is possible. A breakout above the resistance of CAD 0.22 would offer significant upside potential.
Fundamentally, the Canadian mining Company has already come into the focus of the big players. In addition to the industry giant Newmont with 12.8%, the Chinese Zijn Mining Fund also holds 9.8%. In total, institutional investors account for more than 40%.
The 100%-owned, road-accessible Freegold Mountain flagship project is located in the Dawson Range and hosts three NI 43-101-compliant mineral deposits - Nucleus, Revenue and Tinta Hill. The project covers an extensive area of the Big Creek fault zone. This fault zone is directly associated with epithermal gold and silver mineralization and gold-bearing porphyry copper mineralization. The Big Creek property, which is believed to host gold and copper, consists of 258 contiguous quartz mining claims in Yukon's Whitehorse Mining District.
Drilling programs are scheduled to begin here in the spring. With about CAD 5 million in cash, Triumph Gold is funded for the full year. An excellent opportunity to benefit disproportionately from a long-term rising gold price.
Nel ASA - Bitter disappointment
The share price of the hydrogen specialist Nel ASA has been heading south for the past month, and now the Norwegians are facing a tough time on the news front as well. After announcing in the last quarter of last year the cooperation with Iberdrola to construct a 20 MW PEM electrolysis plant for a "green fertilizer" project in Spain, the Spanish energy Company now prefers to rely on Nel's competitor, Cummins.
The US Company Cummins announced yesterday that it will build a 500 MW plant in cooperation with Iberdrola with an expansion reserve to 1 GW, resulting in the largest green hydrogen electrolysis plant in Spain. Cummins' plans also include covering the entire value chain in the project, which would take Nel ASA out of the picture. The Nel share slumped to EUR 1.68 during the day yesterday, down more than 8%.
Chart-wise, the broad support level at EUR 1.60 is now extremely important. Fundamentally, we still see Nel ASA as a sell candidate with great consolidation potential due to its high valuation and a stock market value of EUR 2.43 billion.
Palantir - Another prestigious order
The Palantir Technologies growth machine continues to run at full speed. CEO Alex Karp's declared goal is an annual increase in sales of at least 30% by 2025. To achieve this, the US company is developing enterprise platforms for use in organizations with complex and sensitive data environments. Half of the company's customers currently come from the public sector and half from the private sector, across all industries. In addition to new drug discovery, as in the Covid fight, the software applies to everything from building vehicles to fighting terrorism. Now Palantir announced another prestigious contract.
The Denver, Colorado-based Company is supporting none other than the United States Space Force and the United States Air Force by providing its software for the critical missions of the Department of the Air Force (DAF), Space and Missile Systems Center's Cross-Mission Ground & Communications Enterprise (SMC/ECX) and NORAD-NORTHCOM. The contract has an equivalent value of USD 32.5 million. The Department of the Air Force's Brown Heron project will use Palantir to provide US Air Force leadership with a continuously improving mission readiness analytics platform by integrating diverse data sources from across the service.
The data analytics company has already been working with the nation's armed forces over the past year. Palantir's stock rose on the news, trading up more than 4% at USD 21.96 in trading yesterday. From a chart perspective, the picture brightens considerably at prices above USD 23. An extremely exciting value in the future market of data mining.
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