Gold stormed back to the top of the Australian investors’ hit parade this week as the rolling chaos caused by the US President, Donald Trump, infected bond markets with a shock fall in interest rates – driving investors to an overlooked safe haven.
A reluctant Rio Tinto should do itself a favour and look at how Anglo American’s Aussie expat chief executive Mark Cutifani recently handled rampant speculation that the company had made a big copper-gold discovery (writes Barry FitzGerald on MiningNews).
A combination of the improving outlook for the gold price and the recent sell-off in Dacian Gold shares presented a compelling opportunity for investors, Blue Ocean Equities senior analyst Steuart McIntyre says.
There’s barely been a mention of it in the Australian media, but a $70 billion LNG construction boom is about to kick-off in Mozambique – and there is only one ASX-listed company which gives investors a direct exposure to this enormous opportunity (reports Stockhead).
Emerging gold company EganStreet Resources (ASX: EGA) has delivered a 13% increase in its high-grade Resource base from 401,000oz to 454,000oz, demonstrating the high-grade nature of its flagship Rothsay gold project in WA and its potential to deliver a low-cost, high-margin operation, says Sydney analyst Gavin Wendt.
A meeting with EganStreet Managing Director Marc Ducler has provided him with confidence that the company is “well on track” to successfully bring the Rothsay project into production, says Wendt.