October 19th, 2021 | 13:06 CEST
Steinhoff International, Osino Resources, Nordex - Best conditions
Despite concerns about a possible real estate crash in China as well as continued high inflation and investors' fears of demonetization, global indices pushed up again last week and are preparing for another assault on new all-time highs. In addition, strong business figures for the third quarter from the US supported the stock market barometers. The DAX also started the number season with good guidance from the software giant SAP.
time to read: 2 minutes
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Author:
Stefan Feulner
ISIN:
STEINHOFF INT.HLDG.EO-_50 | NL0011375019 , OSINO RESOURCES CORP. ON | CA68828L1004 , NORDEX SE O.N. | DE000A0D6554
Table of contents:
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.
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Strong third quarter
The order intake of Hamburg-based Nordex was outstanding. In the third quarter, the wind turbine manufacturer was able to secure 389 orders with a total capacity of 1.829 MW, compared with 271 orders with a capacity of 1,229 MW in the same period of the previous year.
Looking back at the first three quarters, the Group achieved an order intake of 4,610 MW, with the Delta4000 series accounting for the lion's share of orders (around 80%). The MacIntyre wind farm project, which accounted for the largest single order, deserves special mention. 162 turbines of the N163/5.X class with a rated output of 923 MW are to be delivered to Australia.
The good news initially pushed the share price back above the EUR 15 mark. The next resistance is already at EUR 15.50.
On the right track
Listening to Heye Daun, CEO of Osino Resources, during the International Investment Forum held last week, one could literally feel his confidence and experience. Once again, the company leader praised the infrastructure around the Twin Hills project in Namibia. For developers and investors, the general conditions are perfect to bring Osino Resources' flagship project to success.
In the second quarter of next year, Daun expects new results around the project that will provide clear indications of Osino Resources' promising outlook. The man knows what he is talking about and has already proven this in the past. The management was able to sell its direct neighbor, the Ojikoto mine, to B2 Gold for CAD 180 million. The high-grade mine and Twin Hills show clear geological parallels.
In total, Osino Resources has an area of about 6,700 sq km in Namibia's prospective Damara sedimentary mineral belt along strike from the producing Navachab and Otjikoto gold mines. Overall, Osino Resources hopes to add significantly to its initial estimate from the second quarter of this year of 430,000 ounces at 1.00 g/t gold (indicated) and 1.47 million ounces at 1.08 g/t gold (inferred). In their report, analysts at Sprott Equity Research are confident that the currently planned 75,000m drill program should bring further high-grade shoots to surface and assigned a price target of CAD 2.55 with a "buy" rating.
Due to strong investor demand, the current private placement has been increased to a total of up to 9,454,455 units at a price of CAD 1.10, which, if fully placed, will bring a total of CAD 10.5 million in gross proceeds to Osino Resources' coffers. Management will use the funds to explore and develop the Company's Twin Hills gold project, which includes drilling, assays, engineering studies, acquisition of surface rights, working capital and general corporate purposes. In addition, new areas continue to be reviewed to steadily expand the portfolio in Namibia.
Steinhoff with high volatility
After last week's sell-off, the German-South African trading group Steinhoff started to climb steeply again. After lows at the end of last week at EUR 0.12, the share price exploded to EUR 0.152.
The reason for the steep rise is not entirely understandable here. The only explanation was the release of liquid funds by the South African Reserve Bank. Steinhoff will need these if the settlement is successfully concluded. Probably some speculators interpreted that this was already the case. The never-ending story continues with the Highcourt hearings in South Africa, scheduled for the end of January.
The stock is and remains a gambler's stock. Even a successful settlement is far from saving Steinhoff.
The stock markets are pushing north again after the last correction. A further successful number season could result in new highs in the indices. From the precious metals sector, the Osino Resources share stands out. Steinhoff remains a gamble.
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