focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
Https://www.australianmining.com.au/havieron-increases-gold-resource/
Investors are waking up to competition for copper supply as the world electrifies and pivots away from fossil fuels.
ADELAIDE, Australia—Gold miners recently celebrated the precious metal fetching its highest price ever. They are reinvesting much of that windfall in copper.
From central Mexico to the Australian Outback, gold producers led by Newmont and Barrick Gold are raising bets on copper through deals and other investments that will give them more influence over a commodity vital to the global energy transition. Copper is essential for building electric vehicles, wind turbines and solar-power systems...
https://www.wsj.com/finance/commodities-futures/the-hottest-property-in-gold-mining-is-copper-e6a34d0e
Don't forget the copper!
I agree that the Morningstar site is always behind, but I check it at least a couple of times a month and this is the first time I've seen it there. Unfortunately I don't subscribe to Bloomberg, so can't get an accurate picture. Nevertheless, it's good to see a new institution/fund investor, with a reasonable holding.
"1832 Asset Management L.P. offers a wide range of wealth management solutions through financial advisors. These include the mutual funds and hedge funds of Dynamic Funds and the portfolio solutions of the Marquis Investment Program. 1832 Asset Management L.P. is a wholly-owned subsidiary of Scotiabank."
https://www.mackenzieinvestments.com/en/investments/by-team/subadvisors/1832-asset-management
Yup, they handle the hedge funds of Dynamic Funds (see below)
Just checked the Morningstar Greatland Gold 'Ownership' site, and have noticed at least two new institutions/funds with holdings that I have'nt seen before:
1832 Asset Management L.P - 17,817,640 shares
(1832 Asset Management L.P. is a wholly-owned subsidiary of Scotiabank in Canada)
Dynamic Precious Metals Fund- 17,817,640 Shares
(I would imagine that this is related to 1832 Asset Management, as exactly the same volume, but anyone got a better hold on it?)
https://dynamic-funds.transmissionmedia.ca/fund-profile?profileId=H81K-A-CAD&locale=en-US
There are some other new smaller holdings, but this/these are the largest from what I can see.
https://www.morningstar.com/stocks/xlon/ggp/ownership
1 YEAR - UP 24%
6 MONTHS - UP 40%
3 MONTHS - UP 55%
1 MONTH - DOWN 9.5%
IMHO, we haven't even started, and 2024 will be one of the best years for the GGP sp, in terms of percentage gains. In the mining industry, the c.12 months up to production is often the period for some of the largest gains in a company sp. I personally don't see this being any different for GGP, especially from what I consider a ridiculously low base, which has been manipulated down for some time.
Add to that the increasing possibility of another hit in one, or indeed more, of our other 100% owned tenements, and/or JV tenements, in the Paterson, and then, watch out! It doesn't even need to be another Havieron, although that would be nice, just a half would be great in itself!
As always, please DYOR & GLA for, foremost, a healthy, but also, of course, a happy & prosperous 2024! TT
It'll be interesting to see where we actually end up at 12.30, or just after with any UT's...
It should be over 10p, but the MM's are messing with the spread, currently 5%!
As MRSI mentioned, some big candlesticks...
https://www.tradingview.com/x/vatTv6bK/
...10.05p hit!
9.95p....
"In our October presentation, I tipped three highly undervalued discovery plays, Greatland Gold, SolGold, and Tinka Resources
Greatland almost doubled since, while SolGold jumped 40% in the last two days. Tinka is still bottoming out ..
All three will probably be bought out, although Greatland might buy the Australian Telfer mine from Newmont and become a producer
SolGold is in play by a Chinese suitor, see this translation from a Chinese publication in Q3. This might explain the sharp jump this week...
https://twitter.com/wmiddelkoop/status/1740323114330812742
Looking good...@ 9.75p now...
Looking increasingly like they were!
I have no idea if this current rise will be sustained, but I'm guessing that a lot of people missed out here, who were, last week, expecting the sp to fall back further after the MRE update, and felt that they could jump back in, or top up cheaper.
Now up 8.2% @ 9.45p...
Very tight spread, with a lot of buys showing as sells. Up 7.1%....
Excuse my poor grammar! Were, not where!
Who know's, but the sp doesn't lie....I posted last week...
"I'm also increasingly bullish about the next few weeks, especially if the gold price continues north, as I beleive it will. As I posted in another thread, Middelkoop believes that many juniors have hit the bottom, as does Archer. Middelkoop believes a recovery is imminent.
As always, only time will tell, but there are several factors now all coming into play at the same time. Hopefully any shorters will be caught out, and forced to buy back sooner than many think."