Newsletter 15 /2019
This newsletter contains news on the following topics:
Share of the week: EnWave + Gold remains stable - ETF inflows at record high + Bluestone Resources + Treasury Metals + White Gold + Aurania Resources + Sibanye-Stillwater + First Cobalt + IsoEnergy
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About Prof. Dr. Torsten Dennin´s New Book "From Tulips To Bitcoins"
Share of the week: EnWave
EnWave with record sales in third quarter
EnWave recently published the company's interim financial statements for the third quarter ended 30 June 2019. The Company recorded record revenue of CA$10.075 million, an increase of 49% over the third quarter of 2018. The cannabis deals concluded in recent months had a particularly positive effect.
News: EnWave Announces 2019 Third Quarter Consolidated Interim Financial Results
EnWave announces further Cannabis Top Deal
Another of these deals was announced by EnWave in the last days of August. This is a rights-managed commercial sublicense with Glasshouse Botanics Inc. a company that cultivates high-quality medicinal cannabis in its licensed facility in Ontario, Canada. The license grants Glasshouse Botanics a non-exclusive right to use the radiation energy vacuum developed by EnWave ("REV™") dewatering technology for drying cannabis in Canada. Under the license, Glasshouse Botanics will pay EnWave a usage-based license fee linked to the weight of the pre-dried cannabis dried with the REV™ machine. Glasshouse Botanics will rent a small 10kW REV™ machine for three months to start commercial production of dehydrated medical cannabis using EnWave's REV™ technology. Glasshouse Botanics has the option to purchase the 10 kW REV™ machine after signing the three-month lease to extend the term of the license.
If you also consider that Glasshouse Botanics has just completed 43,000 of its planned 520,000 square meters of acreage, this new deal offers a lot of upside potential.
Gold remains stable - ETF inflows at record high
The gold price has remained stable over the past few days and is quoted above the US$ 1,500 mark. The recent inflows into the global gold ETFs also show that the recent rise or breakout from the long downward trend channel plus the overcoming of several chart technical barriers are likely to be sustainable. In August 2019 alone, these rose by 101.9 tonnes and thus by more than 100 tonnes in just one month for the first time since February 2013. The gold ETFs currently have holdings of almost 2,500 tonnes. Over a tenth of these, exactly 256 tons, were added in the last three months alone. Monetary and geopolitical tensions as well as economic uncertainties such as the trade war between the USA and China should continue to dominate the headlines in the coming months and give the gold price a further boost in the traditionally strongest phase around the turn of the year.
Bluestone Resources Delivers Impressive Drilling Results
Bluestone Resources recently announced further high-profile drill results from its ongoing infill resource conversion program at the Cerro Blanco Gold Project. Among other things, 13.7 metres with an average of 11.2g/t gold and 78g/t silver were encountered. The highest grades were obtained from a southern hole, 49.2g/t gold and 42g/t silver over a 2.3 metre interval.
Once again Bluestone Resources was able to demonstrate the enormous potential of the Cerro Blanco project.
Haywood sees Treasury Metals share at 1 CA$
Haywood Capital Markets published a research report on Treasury Metals a few days ago. The analysts also set a new target price of 1.00 CA$ per Treasury share.
Research Report: Haywood Gives Buy Recommendation for Treasury Metals - Target Price 1.00 CAD
White Gold Discovers Several New Gold Targets
White Gold recently announced results from its 2019 soil sampling program at its White Gold & JP Ross projects, which have identified several new high priority gold targets. Results on the JP Ross targets include up to 2,964 ppb Au at Frenzy, 2,905 ppb Au at sabotage, 2,279 ppb Au at Rebecca, with White Gold targets including samples up to 1,590 ppb Au at Minneapolis, 1,585 ppb Au at Ulli's and 1,162 ppb Au at McKinnon, among many others.
These soil samples are part of the Company's fully funded 13 million CA$ exploration program supported by partners Agnico Eagle Mines Limited and Kinross Gold Corp: diamond drilling on the Vertigo target (JP Ross property), Golden Saddle & Arc deposits (White Gold property) and soil sampling, prospecting, GT sampling, trench sampling and RAB/RC drilling on several of the Company's properties.
News: White Gold Corp. Identifies Multiple New High-Priority Gold Targets on the JP Ross & White Gold Properties through Detailed Soil Exploration Program
White Gold direct: https://whitegoldcorp.ca/signup
Aurania Resources gives update to new top target Apai
Aurania Resources recently reported that further exploration has improved the Apai gold and silver target on the Lost Cities - Cutucu project in southeastern Ecuador. In addition, it is believed that Apai is geologically associated with the copper target identified by SolGold PLC on its mineral concessions 10 kilometres south. The detailed interpretation of the satellite images for Aurania by an independent consultant shows that Apai's epithermal target is in the same folding system as the high-grade copper found in a breccia in SolGold's "Anomaly 2" in the Coangos 2 concession. These targets may be an example of the common relationship of epithermal gold-silver deposits along the trend of porphyry copper deposits in wrinkled corridors.
News: Aurania Refines Its Newly Discovered Apai Gold-Silver Target in Southeastern Ecuador
Video: Aurania Resources: Drill Targets At Yawi Outlined
Sibanye-Stillwater reports very good group results for the first half of the year
Sibanye-Stillwater recently reported its operating and financial results for the six months ended 30 June 2019. The most important finding: Diversification in raw materials and geography is having an increasingly positive effect on the Group. Adjusted EBITDA at the US operations increased by 36% to US$ 208 million. In South Africa, adjusted EBITDA even increased by 106% to Rand 2.1 billion (US$ 145 million). Diversification clearly dampened the negative impact of the strike on South African gold activity. For the second half of 2019, the company expects further improved figures.
News: RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2019 – SHORT FORM ANNOUNCEMENT
Sibanye-Stillwater wins court case against former Stillwater shareholders
Sibanye-Stillwater recently announced that the Chancery Court of Chancery of the State of Delaware in the United States of America, in a Memorandum Opinion dated August 21, 2019, has ruled in favour of the Company in the favor of a group of minority shareholders of Stillwater Mining Company following the acquisition of Stillwater by the Company in May 2017 for a cash payment of US$18 per Stillwater share. Pursuant to the judgment, the dissenting shareholders (who together own approximately 4.5% of the outstanding Stillwater Shares) will receive the same amount of US$18 per share originally offered and accepted by other Stillwater Shareholders, plus interest. The remaining payment of approximately US$ 21 million due to the deviating shareholders was made in full by Sibanye-Stillwater, so that no adjustment to the provision is required.
News: Delaware Court of Chancery rules in favour of Sibanye-Stillwater in dissenting shareholder action
First Cobalt enters into firm partnership with Glencore
First Cobalt recently announced that the Company has entered into a US$5 million loan facility with Glencore AG to complete advanced engineering, metallurgical testing, field work and permits related to the recommissioning and expansion of the First Cobalt refinery in Canada. Following the completion of a positive feasibility study for the expansion of the refinery by 55 tonnes per day in the first quarter of 2020, Glencore is ready to provide an additional US$40 million for the re-commissioning and expansion of the refinery.
A milestone for First Cobalt! This has brought us a great deal closer to our goal of restarting the only cobalt refinery in North America.
News: Glencore and First Cobalt Sign Definitive Agreement
Video: Updates Cobalt: Glencore And First Cobalt Sign Definitive Agreement
IsoEnergy Strikes Further High Carat Uranium Mineralization
IsoEnergy has recently provided an update on its recently completed summer drill program in the hurricane zone on the Larocque East property. Highlights include 1.2% U3O8 over 5.0 metres, including 3.9% U3O8 over 0.5 metres, strong uranium mineralization in the drill hole with an intersection of 10.5 metres >1,000 CPS, of which 1.0 metre > 20,000 CPS and strong uranium mineralization with an intersection of 2.0 metres >1,000 CPS, of which 0.5 metres >20,000 CPS.
Larocque East is developing more and more into an absolute top uranium project.
News: IsoEnergy Intersects Additional Uranium Mineralization at the Hurricane Zone and Identifies New Target Areas
Swiss Resource Capital AG and the authors of Swiss Resource Capital AG currently hold or intend to hold shares in the following companies mentioned in this issue: EnWave + Bluestone Resources + Treasury Metals + White Gold + Aurania Resources + Sibanye-Stillwater + First Cobalt + IsoEnergy.
Swiss Resource Capital AG has concluded IR consulting agreements with the following companies mentioned in this issue: EnWave + Bluestone Resources + Treasury Metals + White Gold + Aurania Resources + Sibanye-Stillwater + First Cobalt + IsoEnergy.
This publication is based on Swiss Resource Capital AG's detailed risk warnings, limitations of liability and disclaimers, which can be viewed here: Risk Disclosure and Disclaimer