April 15th, 2021 | 07:33 CEST
SunMirror, 88 Energy, Gazprom - Commodity prices pick up
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"[...] China's dominance is one of the reasons why we are so heavily involved in the tungsten market. Here, around 85% of production is in Chinese hands. [...]" Dr. Thomas Gutschlag, CEO, Deutsche Rohstoff AG
SunMirror AG - Successful placement of convertible bond
SunMirror AG is committed to implementing lean processes through its holding structure, enabling the Company to react quickly to trends in the commodity markets.
SunMirror's portfolio includes iron ore, gold, cobalt, copper, lithium, nickel, rare earths and tin. The tin sector, in particular, is extremely interesting at the moment, as the conflict in Myanmar continues to smolder with no end in sight. Already in 2020, China bought half of the world's tin supply. Since the crisis in Mynamar, the price of tin has increased by about 70%. SunMirror owns a property in Australia, 23 km northeast of Marble Bar, where lithium, tantalum and tin were mined until 1986. However, since this was done by simple artisanal means, one suspects great potential in this area.
On April 12, 2021, SunMirror raised fresh capital of USD 10 million through the placement of a convertible bond. If the exploration of the area mentioned above is successful, then there is enough capital to start mining lithium, tin and tantalum again. One can look forward to further company news.
88 Energy Limited - High-risk investment with a great opportunity
A stock that is currently much discussed on Reddit is 88 Energy Limited. Within a few weeks, the share price jumped over 900%, driven by news, reaching a high of USD 0.0919 on April 5. After that, there were problems with the exploration well and the price collapsed to USD 0.011.
On April 12, 2021, the Company published an update. The sidewall cores taken in the Merlin-1 drill hole were analyzed on the surface before being sent to the laboratory for further analysis. Tests were taken in white and ultraviolet light to tease out fluorescence. Fluorescence is considered an indicator of the presence of oil. In the published photos, the fluorescence is clearly visible.
David Wall, the CEO of 88 Energy, sees the cores' tests as further evidence of the presence of oil. A list of expected results is to be published in the coming days. From today's point of view, it is safe to say that no oil has been found so far and that it will probably be necessary to wait until next winter in Alaska before drilling can continue. Should oil be found, 645 million barrels of potential have been promised.
Gazprom - Light and shadow
The news at Gazprom is literally overflowing. Let's start with the bad news. On April 13, 2021, it became known that Defense Minister Annegret Kramp-Karrenbauer (AKK) is said to have signaled a concession to the US on the Nord Stream 2 pipeline from Russia to Germany. The US has been trying to prevent the completion of the pipeline for some time. AKK wants to regulate the purchase of gas from Russia and make it dependent on Russia's behavior, among other things.
Now for the good news: On April 12, 2021, the feasibility study for the possible new pipeline between Russia and China via Mongolia was approved. The new pipeline is to be called Power of Siberia 2. The study is expected to be completed by the end of the year.
On April 14, 2021, we also heard from Russia that Gazprom plans to distribute half of its net profit to shareholders. That is equivalent to about USD 0.3176 per ADR share. As a result, the share gained more than 6%.
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