May 12th, 2023 | 07:00 CEST
Tocvan Ventures, Palantir, Rheinmetall - Well equipped with gold, AI and defence
The US banking crisis continues to move in circles, this time in slow motion instead of at the record pace of 2008. Alternatives are needed to ensure that investors are well-equipped in these times. Precious metals like gold have always been an option. Tocvan Ventures, as an exploration company, offers a promising gold and silver project called Pilar in Mexico. The launch of Palantir's first AI platform, which is located in the defence sector, also sounds promising. In view of the profit forecast, the share price jumped by a whopping 22%. Significant price gains are also to be expected at Rheinmetall. An undisclosed major order will keep the cash registers ringing for the arms giant on the Rhine, even in times of peace.
time to read: 4 minutes
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Author:
Juliane Zielonka
ISIN:
TOCVAN VENTURES C | CA88900N1050 , PALANTIR TECHNOLOGIES INC | US69608A1088 , RHEINMETALL AG | DE0007030009
Table of contents:
"[...] We have a clear strategy for neutralizing sovereign risk in Papua New Guinea. [...]" Matthew Salthouse, CEO, Kainantu Resources
Author
Juliane Zielonka
Born in Bielefeld, she studied German, English and psychology. The emergence of the Internet in the early '90s led her from university to training in graphic design and marketing communications. After years of agency work in corporate branding, she switched to publishing and learned her editorial craft at Hubert Burda Media.
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Tocvan Ventures: Pilar gold and silver project expands through investor private placement
Tocvan Ventures Corp. has reason to rejoice as it has successfully completed a private placement from an institutional investor. This means that a total of EUR 409,807 is now available to the Canadian junior mining exploration company. To ensure transparency to shareholders, the proceeds from the placement will be administered by a 3rd party trustee and paid to the Company in monthly tranches of EUR 34,150 over the next 12 months as per mutually agreed contractual arrangements. The funds will be used to advance the well-positioned Mexican Pilar and El Picacho gold-silver projects in Sonora and for general operations.
**Most recently, Tocvan Ventures updated its 2023 operating plans at its Mexican Pilar and El Picacho gold-silver projects in Sonora. The bulk sampling process at Pilar continues, and initial results will be released ad hoc. To date, consistent gold values have been found in the initial assay results from the breakthrough waste rock and the duplicate material.
Fifteen samples returned an average value of 1.64 g/t gold (Au), as shown in the table "Summary of Results from Rejects and Duplicate Samples from Crushing of Bulk Samples on Site" tocvan.com/investors-page. A further 101 samples were sent to ALS for complete fire assay and ICP (inductively coupled plasma) analysis and results are pending. Trenching has opened up new areas of ground and exposed old mine shafts along high-grade structures. The Company now plans to systematically channel sample these areas to obtain important geochemical information on surface mineralization and to establish drill targets for future resource estimates.
Palantir: Earnings forecast sends share price up 22%
Shares in Palantir Technologies surged an impressive 22% this week, their biggest one-day gain in over two years. This was due to the data analytics company's announcement that it will turn a profit every quarter until 2023 and the huge interest in its new AI platform.
Palantir Technologies, known for its data analytics software and its work with the US intelligence agency CIA, surpassed Wall Street's expectations with its quarterly results due to major projects from existing commercial and government customers.
Palantir, based in Denver, Colorado, has generated tremendous interest with the first iteration of its new generative AI platform, which was unprecedented. The platform will launch for select customers later this month. The technology used for the platform is the same as that used for ChatGPT, OpenAI's popular chatbot.
Palantir Co-Founder Peter Thiel is best known as a technology entrepreneur, venture capitalist and co-founder of PayPal. Thiel is known for his contrarian and libertarian political views and advocates for limited government intervention, individual liberty and free-market principles. Peter Thiel holds 130,670,931 shares in Palantir.
In February 2023, Palantir announced that it would reduce its workforce by 2%. This puts the Company among a group of technology companies that have laid off thousands of employees due to the weakening economy.
Rheinmetall CEO: 2023 should be "the best year in the Company's history"
For Rheinmetall, the current geopolitical situation is an asset: the Company expects incoming orders for the current year to exceed all previous orders. The main reason for this is the NATO countries, which are increasingly arming themselves. The billion-euro special fund for the German Armed Forces is also causing an increase in demand for armaments. Rheinmetall appears to be benefiting from the ongoing militarization of Europe and anticipates a historic order record. At the annual general meeting Rheinmetall presents an enthusiastic outlook, with CEO Armin Papperger announcing that the business year 2022 has shown extremely positive development.
The group has recently been admitted to the DAX. The CEO promises: "You can be sure that 2023 will be the best year in the Company's history in terms of incoming orders." The group plans to further expand its business with and in Ukraine. "The shelves are empty," says CEO Papperger. Even if the war ended quickly, Ukraine would have to rebuild its arsenals. For this reason, the CEO believes that demand will be very high in the next 10 years.
Particular emphasis is placed on the plan to build a factory for the Panther main battle tank in Ukraine. Talks with the Ukrainian government are progressing promisingly so that production of the "Panther" could soon begin in a Ukrainian factory. Through these measures, Rheinmetall aims to help strengthen Ukraine's security and defence capabilities.**
Tocvan Ventures moves forward with fresh capital. Preliminary assay results of the breakthrough waste rock and duplicate material have identified reliable gold values. The funding will be used to advance the promising Pilar and El Picacho gold-silver projects in Sonora, Mexico, and for general operational activities. Tuesday's share price surge took Palantir shares to their highest level since mid-February and boosted earnings to an impressive 49% by 2023. This once again underlines the power and potential of this new Palantir AI platform. By midday on Tuesday, Palantir shares were trading at over EUR 1.37 billion, making it one of the twelve most actively traded stocks on Wall Street. This is an impressive sign of investor confidence in the Company despite the layoffs. Rheinmetall is currently working on concluding cooperations and joint ventures with Ukrainian companies to enable Ukraine to defend itself in the medium and long term. The Company plans to manufacture air defence, ammunition, vehicle systems and tanks directly in Ukraine in the future.
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