Good afternoon
the rate of increase of infected people is coming back strongly…from +15% a week ago to 19.5% 4 days ago to only 15.5% yesterday…99% of infected people in China, of which 80% in Hubei…probably they have it in hand? Well let´s hope so - that´s what markets are saying…equities strong again today….base metals roughly unchanged…but gold is edging higher to 1564 US$ in the moment. The safe haven, bonds, is retreating, while the US$ is staying strong.
No major numbers out in the States - in German, factory orders were weak today.
The provincial arm of Merkel´s party looks like having worked together with the ultra-right and the Liberals, to install a Liberal local PM in Thuringia. I have been thinking of it for a while - today I finally left the Liberal Party.
Twitter with an excellent result …I am sure Trump has been helping it´s popularity.
Substantial ( and in some places more than that! ) rain started today and will be intensifying over the enxt few days in N.S.W. and will be of great help against the bushfires - but might bring us different problems! But places like Evolutions Cowal Mine will like this rain
Tietto - won the price for the most compelling story at INDABA…I can only agree! Cheap overheads,cheap drilling, an already significant resource of nearly 2.2 mill oz, and a substantial drlling program ahead of resource estimate in full swing! As you know - I totally agree…this stock is cheap! But then, many others are as well…Panoramic / Strike / Sheffield / Graphex / Bellevue / Horizon just to mention a few names I own and where I am licking my wounds!
De Grey Mining - may have found a large gold deposit 80km from Port Hedland, in Western Australia. The company is run by ex-stockbroker Simon Lill - Ed Eshuys, whom many of us know from a long corporate history ( not always favourable and often in conjunction with Mr.Gutnik, but undoubtedly a strong geologist ), is on the board. The company has a 1.7 milloz resource in the area, spread across a few deposits already - but the larger part of it is in fresh rock, potentially not the starightforward to treat ( Please note, that I have not followed them closely in the past ). They announced 24m with 7.5g / 49m with 3,7g / 36m with 4 g from their Hemi Prospect, Section A and 15m with 2,5g / 21m with 2,5g / 24m with 4,2g from Section B - ending in mineralisation. The two prospects are 640m apart and there is reason to believe, that the two belong to the same structure. This could be exciting stuff - worthwhile following! More assay results are pending.
Let´s hope, that the new-found strength in markets will see some follow-through with our small stocks!
have a nice evening
WS