Good afternoon
following a quite heavy setback on Friday, when everybody in Europe was on holidays, European equities played cat up today. But US equities seem to stabilize today - Nasdaq is even up by late afternoon my time, lead by Amazon, which is recovering today.
Base metals are slightly stronger, and Gold has crept up through 1700 again - gold ETF holdings reached yet another high on Friday.
Very weak Factory Orders and Durable Goods Orders in the US - as you would expect!
There really has not been much news today…
Osino Resources - as Namibia has lifted some corona-restrictions, the company can continue with it´s 20.000m drilling program at Twin Hills, which the company hopes will lead to the first resource estimate. Only 4 holes had been drileld, before the program was stopped in late March. Osino hope to get a first resource substantially above 1 mill ounces late this year.
Perseus - is the prime contender to be added to the ASX 200 Index, Australia´s most important Index.
Panoramic - need more time to finish their operational review, and financial restructuring - stock will return now to the board on the 22nd of May. I think talk with cornerstone investors need a little longer, as does operational planning. or perhaps - and I am speculating here - talk with corporate investors need more time?
I fear not much to add!
have a nice evening
WS