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Ryan Jackson, CEO, Newlox Gold Ventures Corp.

Ryan Jackson
CEO | Newlox Gold Ventures Corp.
60 Laurie Crescent, V7S 1B7 West Vancouver (CAN)

info@newloxgold.com

+1 778 738 0546

Newlox CEO Ryan Jackson on building a green gold producer with a rapid growth trajectory


Nick Mather, CEO, SolGold PLC

Nick Mather
CEO | SolGold PLC
1 King Street, EC2V 8AU London (GB)

emichael@solgold.com.au

+44 20 3823 2125

SolGold CEO Nick Mather on building a major gold and copper mining company


Jared Scharf, CEO, Desert Gold Ventures Inc.

Jared Scharf
CEO | Desert Gold Ventures Inc.
4770 72nd St,, V4K 3N3 Delta (CAN)

jared.scharf@desertgold.ca

Desert Gold Ventures CEO Jared Scharf on West Africa and its potential


06. November 2020 | 11:04 CET

NEL ASA, Velocity Minerals, Barrick Gold - the next chance!

  • Innovations
Photo credits: pixabay.com

The market does what it wants. Anticipating a worst-case scenario, the markets drew a zig-zag ahead of Tuesday’s election but then settled back into a positive momentum. Dax alone made-up almost 700 points after the index plunged below 12,000 on Wednesday. Although the election spectacle is still not over, the stock markets are rising as if there were no tomorrow. On a positive note, gold has held on to its crucial support zone and is marching dynamically towards its all-time high. A breakout should be a matter of time.

time to read: 2 minutes by Stefan Feulner


 

Author

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


Gold mines explode

Due to the rising gold price, first the gold mines of the first row like Barrick Gold, Iam Gold or Newcrest Mining, profit disproportionately. Should the gold price march consistently above the old highs, the leverage will lie instead with the smaller producers. The Canadian exploration Company, Velocity Minerals, is exciting. The Canadians are focused on the discovery and development of gold deposits in Bulgaria. Bulgaria is the country with the largest gold reserves in Europe. The Company's strategy is to develop a low-cost operation where multiple projects deliver gold concentrates to an existing central processing facility.

Prospective drilling

Velocity Minerals' flagship project is its 70% interest in Rozino. A PFS, Pre-Feasibility Study, was released last August. Gold mining production could start in 2022, with an after-tax internal rate of return of 27%, per annum! Yesterday, Velocity announced another milestone. In addition to Rozino, another coup appears to have been achieved on the Obichnik project. Both the two new drill holes tested from Premka Zone yielded high mineralization results.

Golden Future

President and CEO of Velocity Minerals commented: "The high-grade nature of the gold mineralization is very encouraging and there is more drilling to do at this target. We remain focused on building a multi-asset gold production profile in Bulgaria with a ‘Hub & Spoke’ development strategy. With the recent positive prefeasibility at the Rozino project, we continue to advance our exploration drill programs for resource expansion and definition at Rozino as well as the Obichnik, Makedontsi and Iglika projects."

Numbers weak thanks to Nikola

A successful hydrogen Company is in the red. How is that possible? In the case of the Norwegian showpiece Company, NEL ASA, it is due to the participation in the US truck builder Nikola, which still has to defend itself against massive fraud allegations. The negative market value adjustment of NOK 513.3 resulted in an EBITDA of NOK -42.1 million in the third quarter. Reported EBIT was NOK -116.3 million, while the pre-tax loss was NOK -628.6 million, as described above. In terms of turnover, the Scandinavian companies were able to maintain their turnover at NOK 147.7 million, roughly the same level as the previous year (NOK 148.9 million).

Bright future

NEL ASA was only able to show the positive trend in the hydrogen industry in terms of the order backlog. With an order backlog of NOK 940.0 million, the Company topped the previous year's figure by a whopping 60%. The coffers are full to the brim with NOK 2.5 billion, the equivalent of around EUR 230 million, to finance further dynamic growth.

New prestige order

Earlier this week, NEL ASA announced a significant order. None other than the Spanish utility giant Iberdrola selected the Norwegians as the preferred supplier for a 20-megawatt green fertilizer project in Spain. According to press reports, the plant is scheduled to go into operation as early as 2021. Iberdrola, one of the world's largest electricity suppliers, wants to build the largest environmentally friendly hydrogen plant in cooperation with fertilizer manufacturer, Fertiberia.


Author

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



Conflict of interest & risk note

In accordance with §34b WpHG we would like to point out that Apaton Finance GmbH as well as partners, authors or employees of Apaton Finance GmbH may hold long or short positions in the aforementioned companies and that there may therefore be a conflict of interest. Apaton Finance GmbH may have a paid contractual relationship with the company, which is reported on in the context of the Apaton Finance GmbH Internet offer as well as in the social media, on partner sites or in e-mail messages. Further details can be found in our Conflict of Interest & Risk Disclosure.


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