Good afternoon
equity markets are racing higher…fels like this could continue…Iran is all but put into the bottom draw!
German Industrial Production rebounded quite nicely in November
Chinese inflation is steadying…while producer prices are falling a little
A Bloomberg Index of consumer comfort in the US rose to a 19 year high
Pall and Plat are continuing their race upwards…while base metals are also stronger. Gold is down - but holding halfway ok at around 1548 US$…Brent Oil trading at approx pre-crisis level of 65 US$.
Osino Resources - announced some excellent drilling results from their Twin Hills property in Namibia - 92m with 1.4g and 37m with 2,58 g are probably the best tesults so far , accompanied by 68m with 0,99g, and show, that the geological understanding is improving. The company had some good rilling results before- but these are probably the best - 26 of 31 drill holes from Phase 1 and 2 drilling intersected significant gold mineralisation, and there is good continuity. The strike length was extended by another 400m too 1200m. This could be a sizeable deposit! The comnpany draws similarities to the managements last success, Otjikoto ( now very successully mined by B2Gold) - this one could be similar or better! I declare my initerest - but this one could be hot! Ross Beaty with his 20% shareholding looks like doing it once again!
Prairie Mining - finally some action? There is no announcement, except for JSW , which seems to plunder it´s rainey day fund for 700 mill Zloty - about 260 mill A$. Could this money be used to pay ut PDZ, or buy the company? The stock looks like closing at 0,80 Zloty = about 0,31 A$…on massive turnover of 3.6 mill shares just prior to the close of trading in Poland. I would love something to happen - we have been waiting so long and have been so unlucky in this one!
Lucapa - continues it´s history of finding 100ct+ stones in Angla, and also announced the find of an 80ct stone in Lesotho - both of gem quality. The market is still worried of LOM actually getting the money out of Angola - otehrwise I cannot explain the share price, even though diamond stocks around the world have been very weak last year!
Have a nice evening
WS
Schröder Equities GmbH
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