Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Financial Collapse of 2001 Unwinding -- Ignore unavailable to you. Want to Upgrade?

To: E_K_S who wrote (6343)	9/11/2020 12:44:37 PM
From: elmatador	1 Recommendation Recommended By E_K_S Respond to of 13803

Prices up since the lack of electricity supply hit South Africa mining. The PGM sector is the industry's biggest employer in South Africa but is facing challenges including unreliable power supply, increased PGM recycling, dwindling Chinese jewellery demand and increased market share by electric vehicles which require no PGMs, the Minerals Council South Africa said. ... The council lamented what it saw as the country's eight structural constraints to mining, including unreliable electricity, regulatory uncertainty, complex geology and the "significant" impact of crime and illegal mining. https://www.mining-journal.com/pgms/news/1394825/pgms-could-be-part-of-brighter-future-for-south-africa-council Miyelani Mkhabela, CEO and chief economist at Antswisa Transaction Advisory Services, said he expects the country’s economic decline to be higher than the predicted 7.2% predicted earlier this year. He predicted a contraction of more than 12% by the end of 2020. He called on the government to make immediate interventions to kick-start economic recovery by solving the country’s electricity crisis, which has now seen the return of scheduled power blackouts. The country’s state-owned power utility, Eskom, has been beset with management problems and corruption allegations for years, and now struggles to supply enough power, plunging households and industry into rotating power cuts. “If you look at the numbers, mining and manufacturing have suffered immensely and those are important sectors for us, which only work well when there is sufficient, affordable electricity," said Mkhabela. “Energy is the lifeblood of every economy, so it needs to be high among the government’s priorities.” He added that widespread allegations of corruption and on-going revelations in an official investigation into graft are not helping the international perception of South Africa. wsls.com Not only South Africa (1st producer) as well as Zimbabwe (3rd) and other mining countries like Zambia and Namibia that depend of electricity imported from South Africa, the mining sector of the whole Southern Africa is suffering

To: E_K_S who wrote (6343)	9/11/2020 12:59:32 PM
From: elmatador	Respond to of 13803

Brazil miners keep raising funds despite crisis Especially gold, lithium and nickel projects benefit in the current scenario. In recent weeks, three such projects obtained nearly US$400mn in total via share offerings and project finance operations BnamericasPublished: Tuesday, August 18, 2020 Various mining projects in Brazil keep raising funds despite the severe economic impact the COVID-19 outbreak has caused. The development underscores the high interest global investors retain in the segment amid low interest rates. “We are seeing a combination of factors. The projects that are raising funds now are already projects in an advanced maturity stage and global investors, who previously put most of their money into government bonds, with the low interest rates worldwide, are looking for other assets, looking for higher returns,” Valdir Faria, director of mining consultancy Fioito Consultoria, told BNamericas. Especially gold, lithium and nickel projects benefit in the current scenario. In recent weeks, three such projects obtained nearly US$400mn in total via share offerings and project finance operations. Amarillo Gold raised US$57.2mn from a private placement of shares earlier this month. The company will use the net proceeds to build its Posse Gold Mine and advance the Lavras do Sul exploration project, both in Brazil, as well as for general working capital purposes. “This successful financing reflects the continuing support of our shareholders, and their confidence in the results of the positive feasibility study on the Posse Gold project,” CEO Mike Mutchler said in a press release. And Sigma Lithium raised US$13.3mn, also via a private placement of shares this month, to be used in its Grota to Cirilo lithium project in Minas Gerais state. The amount will be added to the project financing of US$45mn obtained in June. “The offering book was oversubscribed and it was comprised, in its majority by leading global institutional investors. Other participants included mainly large global family offices,” the company said in a statement. In addition, nickel development company Horizonte Minerals is arranging a project finance facility of up to US$325mn to finance the construction and development of its Araguaia ferro-nickel project. Five international financial institutions – BNP Paribas, ING Capital, Mizuho Bank, Natixis and Société Générale – will act as the mandated lead arrangers. “This debt facility will cover a significant portion of the pre-production capex required to complete the stage 1 construction for Araguaia,” CEO Jeremy Martin Martin said. “We are targeting completion of the project financing package for the project by the end of 2020, provided that restrictions related to the COVID-19 pandemic do not cause further delays. We aim to start construction in early 2021,” he added. STOCK EXCHANGE DEBUT While the pandemic raged throughout Latin America in July, Canadian mining company Aura Minerals debuted its shares on the Brazilian stock exchange. Aura Minerals, already listed on Canada’s stock exchange, raised 790mn reais with its IPO and will use the proceeds to fund development, maintenance and expansion of its producing assets. “Before, most mining companies raised their funds through private placement of shares or from private equities. Today, these operations are involving even individual investors, so there is room for many more companies in the sector to list shares in the local market,” Fioito’s Faria said.

To: E_K_S who wrote (6343)	9/12/2020 9:26:31 AM
From: robert b furman	Read Replies (1) \| Respond to of 13803

Hi E_K_S, Joined you and bought 250 cvx @ 78.10 (6.60 % yield). First actual stock bought, but have puts in January 2021(yielding 5.6%). Will add another 250 is it slides a bit further to 73.71 (7.0%). A year ago I was thinking these first class solid balance sheets were a bargain if they yielded 5%! The Covid demand destruction will pass, and Capex cutback will show up in supply shortage and crude's price will recover. In between XOM and CVX will have globally low cost crude and natural gas plus liquids vs many Opec+ countries with much higher costs. If one simply takes a long term view, this is a generational opportunity to buy the best of class firms. Hopefully gonna be a long enjoyable hold yielding divvies four times a year. Thanks for posting your trade. I got the XOM dividends and they were burning of hole in my pocket. <smile> Bob