FWIW, in response to Sandstorm Gold Royalties aka SSL's announcement about a transaction involving their equity holdings, TD put out a new analyst report that called the developments Potentially Positive, and kept them at Buy while raising their target to $11.50. Interestingly, they note that during its conference call SSL said it was in discussions with several companies to purchase a gold stream on the next mine that those companies purchase.
Canada Silver Cobalt Works aka CCW released more drilling results from their Castle East property in Ontario, where they are preparing to release an Updated Resource Report in a few months. Once again, they results are narrow but high grade, with the headline result being 5887.59 g/t Ag and 0.17% Co over 0.53M (which CCW bizarrely also reports in AuEQ even though there is no gold in the deposit). They have probably extended the veins a significant distance, though it will require more drilling, which is ongoing, to confirm the length of the extensions.
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Goliath Resources aka GOT announced an almost $3M increase to their previously announced financing of $11M, which will allow them to increase this year's exploration on their Au prospects in BC's Golden Triangle. It still feels weird and offputting to own shares in a company associated with the incredibly overrated Quinton Hennigh, but his name sure attracts money.
ca.finance.yahoo.com
Nomad Royalties aka NSR announced the results of its first full year of operations. You wouldn't know it by how the stock has traded but that actually had a pretty good year, more than doubling their credit facility, acquiring a number of streams, and instituting a dividend. After selling 3231 AuEq oz in Q4, they managed to end the year with a cash stash of $12.4M. In Q4, 79% of their revenue was from PMs and 21% from their Caserones Cu royalty.
To this point they have managed to keep the share structure pretty tight -- 61M basic, 88M FD -- so we'll have to monitor how they do on that going forward.
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Although part, or perhaps all, of the PoG's recent increase is due to the Ukraine situation and will not last -- increases due to geopolitical risk never do -- Saville points out that gold's fundamentals are also improving. For the chart to stay bullish, the PoG should stay above $1780, or even better above $1835.
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