RE: Can someone clarify.19 May 2025 00:43
From investing dot com on 17 May 2025:-
Solid week
Turning to the wider market, the AIM All-Share added 1.75% this week to reach 733.18, taking it back to levels last seen in December 2024.
It kept pace with the FTSE 100, which also clawed back ground lost in the aftermath of US President Trump’s tariff assault on the rest of the world.
Keeping with the positives, Metals One PLC (AIM:LON:MET1) continued its rise after confirming the acquisition of the Swales gold project in Nevada.
There is a term in junior mining called ’nearology’, the idea that proximity to a producing mine equates to success. It does not always hold, but Metals One investors will hope favourable geology extends to the Swales property.
Just 13 miles up the road lies the Carlin Complex, a joint venture between Barrick Gold (LON:0R22) and Newmont and the world’s largest gold-producing site.
Investors appeared excited by the prospect, with shares rising 69%. If you had bought a month ago, you would have more than doubled your money.