April 28, 2019
B2Gold Return on Investment
In February 2016 we recommended to buy B2Gold which was trading around at $1.24 at that time.
On Thursday April 25, 2019, Canaccord Genuity analyst Carey MacRury resumed coverage of B2Gold which traded on that day at $3.66, with a "buy" rating and said that: “the shares will go to as high as five (5) dollars.”
He also said: ”Management has a successful track record in acquiring and building mines. From no operating mines in 2007, B2Gold now has five (5) producing mines with consolidated Gold production approaching one (1) million ounces."
MacRury said: “The company's impressive production profile is anchored by its Fekola Mine in southwest Mali. He adds in a note: "Since starting production at Fekola in late 2017, the mine has exceeded expectations with throughput exceeding 6 million tons per annum (Mtpa), vs. the original design of 4Mtpa (and later increased to 5Mtpa).
B2Gold recently announced expansion plans to increase Fekola capacity to 7.5 Mtpa by 2020 that should see production from the mine exceed 500,000 ounces and extending the mine life through 2030. We forecast BTO consolidated Gold production of 950,000 ounces in 2019, up from 630,000 ounces in 2017."
Not the greatest ROI but, not too bad a Return on Investment either.
Gold, the Dow S&P & the Nasdaq
NY Gold Nearest Futures
Gold was mostly Up last week. We continue to believe that Gold will still go below $1,000.00 and below $981.50.
Dow Jones Industrials Index Cash
Wall Street stocks squeezed out fresh all-time highs on Tuesday. Earnings played a big part in driving those gains with the Dow, S&P 500 and Nasdaq at record closing highs and it was a gangbuster UP day for the US Indices. On Tuesday the Dow industrials rose around 145 points, or 0.5% and the S&P 500 ended up 25.71 and around 0.9% higher while the Nasdaq was up 105.56 points or 1.3%.
On Wednesday stocks via corporate results weighted heavily with reports rolling out from Boeing, Caterpillar, Facebook and Microsoft.
Investors welcomed higher highs in equities however, some Investors shorted Stock.
I trust that you, as I did, took some profits of the table.
One thing is for certain when it comes to smart money, it doesn’t like to play the catch-up game. Just remember, smart money is ready to bank big if the market goes down again.
Please note, the biggest investors, in all their humanness, do not always get their market calls right. When the S&P tumbled all the way down to 2,351 in December, many doubted there was a strong catalyst that could drive stocks back to record highs.
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Points to Ponder
- April 23, 2019 – The Fate of Europe
As per Martin Armstrong: “Things look very dicey for Europe and this will be a very interesting WEC [in Rome Italy].
Here is the Index of the [Fate of Europe] Report. I believe this [Fate of Europe Report] will answer all questions and provide the backup you need to present to any board of directors.”
Directors of growing Private or Public Companies should certainly attend the Rome World Economic Conference.
2. April 26, 2019 – David Erfle - Gold Firms at Key Support Heading into FOMC
If you are interested in the Price of Gold then this is an interesting read by David Erfle!
3. April 26, 2019 – We did not have The Green Thing back in our day
We are now on our way to get self destructing disposable Cups and Straws.
This is just to remind you as to what it was like at the time when I grew up 😊
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From Mining Interactive Corp. in Vancouver, Canada
Nick L. Nicolaas
Direct: +1 (604) 657-4058
Nick L. Nicolaas; Mining Interactive Corp. and its Associates (collectively referred to as NLN) are not registered advisers and do not give investment advice. NLN’s trading comments are an expression of opinion only. NLN may have an investment in some of the companies or trading instruments NLN mentions or writes about, nothing should be construed in any manner whatsoever as recommendations to buy or sell a stock, option, future, bond, commodity or any other financial instrument at any time. While NLN believes all statements to be true, they always depend on the reliability of NLN’s sources. NLN recommends that you consult a qualified investment adviser, one licensed by the appropriate regulatory agencies in your legal jurisdiction, before making any investment decisions and NLN urges you to confirm the facts on your own regarding any trades or companies NLN mentions before making important investment commitments. The “Stock and Private Placement” alerts written and distributed by NLN do not, and cannot, constitute a recommendation to buy or sell any security.
NLN Day Trading is based on the Princeton Economics Institute (PEI) Martin Armstrong Socrates Forecasts and Alerts however, PEI and NLN are arms-length companies and nothing should be construed in any manner whatsoever that PEI and NLN are affiliated companies.
WE SEEK SAFE HARBOUR
The material in the “Trading Based on Martin Armstrong Socrates Alerts” and the “Stock and Private Placement” alert letter published by Nick L. Nicolaas is for informational purposes only and is not intended to and does not constitute the rendering of investment advice or the solicitation of an offer to buy securities. The “Trading Based on Socrates” and the “Stock and Private Placement” alert discussion contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (The Act). In particular when used in the preceding discussion the words “plan,” confident that, believe, scheduled, expect, or intend to, and similar conditional expressions are intended to identify forward-looking statements subject to the safe harbor created by the ACT. Such statements are subject to certain risks and uncertainties and actual results could differ materially from those expressed in any of the forward looking statements. Such risks and uncertainties include, but are not limited to future events and financial performance of the company which are inherently uncertain and actual events and / or results may differ materially. In addition we may review investments that are not registered in the U.S. We cannot attest to nor certify the correctness of any information in this note. NLN owns shares in B2Gold, Meadow Bay Gold Corporation, Ashanti Gold Corp; Klondike Silver Corp; Organic Garage; Northern Dynasty Mines; Exeter; Arrowstar Resources, Klondex Mines, Dynasty Gold, and Blue Sky Uranium. Please consult your financial adviser and perform your own due diligence before considering any companies mentioned in this informational bulletin.
April 28, 2019