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Vox Wave CountEWT is a handy tool to give some context of where a share price is within a certain structure. Fundamentals will always win out over Technical Analysis and with good fortune, the fundamentals for Vox Royalty Corp will exponentially improve. Cross-currents are keeping industrial metals tightly bound to a narrow trading range. Of course, peak reflation is in the rearview, but the lagged impact of Chinese deleveraging will soon join forces with a US fiscal drag, which could weigh on commodity demand growth into 2022. While China's Central Economic Work Conference reiterated its objectives of "stability", opening the door to more growth-supportive policies in the short-term, we expect an only slightly easier fiscal stance, while credit growth has also likely bottomed but is unlikely to rise substantially. Notwithstanding, rising metals supply risks are insulating base metals for the time being, particularly as surging power prices in Europe once again support the market. While a substantial increase in LME aluminium stockpiles has eroded signals of scarcity in the term structure, aluminium and zinc are particularly prone to risks associated with power shortages, particularly in winter months and as Chinese officials seek clean skies ahead of Beijing 2022. Copper prices have remained supported despite waning demand, as disruptions to transportation and logistics keep metal stranded overseas at ports, inhibiting trade. Nickel faces further supply risks from Indonesian policy, but concerns are waning as a sizable plant delivered on its pledge to produce nickel matte. Precious metals participants remain on the sidelines ahead of the Fed meeting which is set to announce a more aggressive tapering schedule, affording the central bank with optionality to embark on a hiking cycle as early as May 2022. Chair Powell will also likely reiterate a different hurdle for hikes, but the market will link hikes to the end of quantitative easing. Our rates strategists also note that the dot plot could be market moving, if the median 2022 dot shows more than 2 hikes. Certainly, while the above suggests a hawkish tone from the Fed, the market is already pricing the first hike in May 2022, which leaves a balance of risks tilted towards the upside for the near-term precious metals outlook, particularly as our macro strategists expect enough slowing in inflation and growth to delay rate the start of the hiking cycle. And, while precious metals have underperformed against historical analogs, in contrast to other markets for inflation-protection such as breakevens, it is worth highlighting that inflation breakevens may have been supported by inflation risk premium, without a commensurate rise in inflation expectations. The liquidity premium in TIPS could overwhelmingly be driving the price action in breakevens markets, potentially pointing to price distortions driven by quantitative easing. In this context, a reversal in liquidity premium driven by tapering could also catalyze a change in sentiment across precious metals, particularly as its impact ripples through into market pricing for Fed hikes. When we have the Fed out of the way and the Omicron virus has been fully tested with regards to the current vaccines that are available we should return to some market normalisation.
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by TH_Analysis
2
Franco Nevada - Bullish Breakout TradeStrong Financial Position No debt and $1.6 billion in available capital as at September 30, 2021 Generated $206.9 million in operating cash flow for the quarter Quarterly dividend of $0.30/share Sector-Leading ESG Ranked #1 gold company by Sustainalytics, AA by MSCI and Prime by ISS ESG Committed to the World Gold Council's "Responsible Gold Mining Principles" Partnering with our operators on community and ESG initiatives Goal of 40% diverse representation at the Board and top leadership levels Diverse, Long-Life Portfolio Most diverse royalty and streaming portfolio by asset, operator and country Core assets outperforming since time of acquisition Growth in long-life reserves Growth and Optionality Acquisitions, mine expansions and new mines driving growth 10.1 million ounce increase in Measured and Indicated Mineral Resources at Detour Lake Long-term options in gold, copper and nickel Noront consolidation likely to accelerate development of Ring of Fire properties 39.78x Price to Earnings (PE) ratio = too much FNV (CA$178.55) is trading above estimated fair value (CA$144.54) Technicals Found decent support and has carved out a bull flag. If we get decent volume on a breakout to the upside , the fib extension targets are the most logical levels to look for.
NYSE:FNV
by TH_Analysis
Karora Resources nudging up to the highsVox Royalty delivered great Q3 results today, thanks in part to the Karora Resources operations. TORONTO, CANADA – November 2, 2021 – Vox Royalty Corp. (TSXV: VOX) (“Vox” or the “Company”), a high growth precious metals focused royalty company, is pleased to announce that it has realized preliminary quarterly royalty revenue of C$1,558,800 (US$1,223,400)(1) for the three-month period ended September 30, 2021. Quarterly revenue benefitted from record royalty-linked gold production by Karora Resources Inc. (TSX: KRR) from the Hidden Secret and Mousehollow deposits at Higginsville covered by the Dry Creek royalty and record royalty-linked iron ore production volumes by Mineral Resources Limited (ASX: MIN) at Koolyanobbing, and consistent royalty revenues from each of the Company’s Janet Ivy gold royalty and Brauna diamond royalty. Royalty revenues relative to Q2 2021 were in line in spite of a significant reduction in realised iron ore pricing at Koolyanobbing. From www.karoraresources.com HIGGINSVILLE GOLD OPERATIONS OVERVIEW Owned and operated by Karora Resources since June 10, 2019, the Higginsville Gold Operations ("HGO") is located approximately 75km south of the Beta Hunt Mine in Higginsville, Western Australia. The operation includes a 1.4Mtpa processing plant, 192 mining tenements including the Baloo, Pioneer, Fairplay North, Mitchell, Wills, Challenge, and Mount Henry deposits. HISTORY Avoca Resources Limited (Avoca) initially purchased the Higginsville exploration assets from Gold Fields in June 2004. The Trident underground deposit, historically the largest deposit at HGO, was discovered by Avoca in 2004 with mining commencing at the deposit in 2007. In April 2007 Avoca raised A$125 million to commission a new process plant facility at Higginsville. In that same year, Avoca purchased the neighboring Chalice deposit from Chalice Gold Mines Limited. Gold production began in 2008 with the first gold pour on July 1, 2008. Alacer Gold Corporation, a wholly-owned subsidiary of Alacer Gold a company incorporated in Canada, acquired HGO after it merged with Avoca Resources Limited (Avoca) in 2011. On October 29, 2013, Alacer Gold Corporations completed the sale of its Australian Business Unit, which included HGO and its assets, to Westgold Resources Pty Ltd who was a wholly-owned subsidiary of Metals X Ltd at that time. In July 2015 Metals X acquired the Mt Henry Gold Project from Panoramic Resources Ltd and Matsa Resources Limited. On December 1, 2016, Westgold Resources Limited demerged from Metals X Ltd. Avoca remained a subsidiary of Westgold Resources Limited and was part of the resultant demerger. Karora Resources acquired HGO outright on June 10, 2019, from Westgold Resources Limited. GEOLOGY Higginsville is located almost entirely within the well-mineralized Archean Kalgoorlie Terrane, between the gold mining centers of Norseman and Saint Ives. The Archaean stratigraphy has a general northward trend comprising multiply deformed ultramafic – gabbro – basalt successions adjoined by sediments to the west and east. Shearing and faulted contacts are common. The units have been structurally repeated by east over west thrust faulting. The majority of gold mineralization projects along the Trident line-of-lode and is hosted by Poseidon Gabbro and high MgO dyke complexes. Mineralization is hosted within or marginal to quartz veining and is structurally and lithologically controlled. Higginsville is also host to significant palaeo channel mineralization. Mineralized zones comprise both placer gold, normally near the base of the channel-fill sequences, and chemically-precipitated secondary gold within the channel-fill materials and underlying saprolite. These gold concentrations commonly overlie or are adjacent to, primary mineralized zones within Archaean bedrock. MINING Currently, Karora is mining from two open pits at Higginsville: the Baloo and Fairplay North open-pit mines. MILLING Processing is conducted through Karora Resources' Higginsville processing plant.
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by TH_Analysis
Commodities giving a heads up??I do track the DBB and DBC on the side, and particularly over the weekly charts. Something I want to highlight is that the charts are beginning to signal something ominous, as the equiy markets are defying gravity. The DBB (Base Metals ETF) and DBC (Commodity Index Tracking ETF) both need to be bullish as a proxy lead indicator for equities. This is observed in June 2020, after the pandemic onset shock, when both had a system buy signal that set a long term trend. Given that, it is currently noted that the DBB ETF clocked a lower high, and a system sell signal triggered. The DBC has a double top and a long bearish candle that looks good to break a trend. So when base metals and overall commodities do not do well, the general market sentiment is either not healthy or not sustainable. The next few weeks would be critical... Heads up!
AMEX:DBBShort
by Auguraltrader
Vox Royalty Q2 ResultsTORONTO, CANADA – August 16, 2021 – Vox Royalty Corp. (TSXV: VOX) (OTCQX: VOXCF) (“Vox” or the “Company”) is pleased to announce its operating and financial results for the second quarter ended June 30, 2021. All amounts are in U.S. dollars unless otherwise indicated. Kyle Floyd, Chief Executive Officer stated: “The second quarter of 2021 saw record royalty revenues, record net incomes and unprecedented organic growth for Vox. Management’s confidence in the underlying performance of the Vox royalty portfolio was demonstrated in our doubling of 2021 annual revenue guidance to C$4M – C$5M. This quarter saw exceptional organic growth in our portfolio, further strengthened by first gold pour from our Segilola royalty asset on July 30. We are also excited to grow our strategic partnership with Electric Royalties Ltd. (TSXV: ELEC), following the completion of our initial graphite royalty transaction. Vox shareholders can look forward to a catalyst-rich second half of 2021, with construction activity at multiple royalty assets, the release of multiple engineering studies and over 80,000m partner-funded drilling expected." Second Quarter 2021 Highlights • Record revenue of $1,314,030 reported for the quarter, with inaugural revenues received from the Janet Ivy royalty; • Record net income of $2,057,694 for the quarter; • Increased production stage royalty asset count from one asset at May 2020 listing to five assets by end of the quarter; • Strong balance sheet position at period end, including cash on hand of $5,308,977, working capital of $8,684,985 and total assets of $30,161,290; • Executed binding documents for a strategic partnership with Electric Royalties Limited (TSX-V: ELEC) and divested two non-core graphite royalties; • Completed four royalty transactions to acquire an additional seven royalties, including the rancher royalty at Gold Standard Ventures (TSX-V: GSV) South Railroad project, reaching a total critical mass of over 50 royalties and streams; • Subsequent to June 30, 2021: o Announced record revenue in Q2 2021 and increased 2021 revenue guidance by +100% on July 27, 2021; o Increased producing royalty count to 5 assets following first gold pour at the Segilola Gold Mine, as reported by Thor Explorations Ltd on July 30, 2021; and o Commenced trading on OTCQX on August 10, 2021
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by TH_Analysis
Vox receives money$VOX.CA is pleased to announce that it has executed binding agreements with Titan Minerals Limited to acquire four Peruvian gold, silver, and copper royalties for total cash consideration of US$1,000,000. In addition, Titan will pay Vox US$1,000,000 in cash pursuant to the terms of an agreement between Vox’s subsidiary, SilverStream SEZC, and a subsidiary of Titan, Mantle Mining Peru S.A.C. (together with the acquisition of the Royalty Portfolio, the “Transaction”). Spencer Cole, Chief Investment Officer stated: “We are pleased to close out this legacy receivable from Titan and to add four highly prospective Peruvian exploration royalties to our portfolio. #preciousmetals #gold #royalty #miners $GDX $WPM $RGLD $FNV This company is on the move
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by TH_Analysis
Vox Royalty - GDX,FNV,RGLD & WPMComparing 3 large precious metals royalty companies and the VanEck Vectors Gold Miners UCITS ETF (GDX), shows how the Gold miners and large-cap royalty firms have a similar relationship within the market. Recently the price action in Vox Royalty has started to find that it too can benefit from a rising market and good news flow. In the past VOX Royalty has been a more volatile ride but steady progress towards their goal of building a portfolio and bringing value to their shareholders. A few months ago news of Letters of Intent and Public Offerings was announced. The raising of capital was to purchase royalties and assuming completion of the transactions under LOI and a midpoint of 25 royalties acquired, the Company’s portfolio will consist of seven producing assets (an increase of 75% compared to its four producing or construction-stage assets in 2020). In addition, six of the royalty assets subject to LOIs are currently in a development stage and the remaining 16 royalty assets are in the exploration stage (based on an assumed acquisition of 25 royalties). Assuming 25 of the royalties under LOI are purchased, the Company projects that the underlying royalties are expected to generate between C$3 million and C$7 million of incremental revenue in 2023.
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by TH_Analysis
Vox Royalty - Strong closeGold has once again held the $1800 level and is relatively strong after the US cpi print. Precious metals holding their head against transitory inflation and a strengthening US dollar. Small-cap companies should lead Large caps, so I am keeping an eye on Vox Royalty who finished with a nice green candle and towards the highs of the day. Tradigview technicals are signalling a buy, getting above the recent swing highs are key to a continuing uptrend, so I am looking for price to now stay above the daily 20 ema.
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by TH_Analysis
Asia Broad Band, Inc., Massively UndervaluedAs the name does not indicate, OTC:AABB is a base metal and precious metal player. Technically, the stock is in an initial breakout stage on the weekly / monthly time scales. Fundamentally, the PER is 0.35 by 2020 year's end and presently 1.35 with strongly improving net profits. On the medium term the stock is at least a 5-bagger, potentially a 10-bagger. I went long at $0.017 yesterday (Friday, 22 Jan 2021). On the short term there is a possibility for the stock price to drop to 0.012 - 0.013 (on top of the white arrow) at which price I will double down if this happens.
OTC:AABBLong
by ChartsAndTrends
6
Copper futures forecast.This is not a trading advice idea and you should only follow this with caution or just for your own personal interest in cycles and Gann theory. This post is made by me to test the methods of forecasting I obtained from long studies of the subject. If you will follow this idea and observe the copper market and the forecast will turn out +- 1 trading day right at each arrow date - it has worked and I will continue to post such posts. Thanks in advance. *Futures trading involves a substantial risk of loss and is not suitable for all investors.
COMEX:HG1!
by CSInvestment
I love copper :)The whole world is going towards electric. Especially transportation and energy which are the biggest sectors. As of today pure electric car use about 130 pounds of copper which is equivalent to $390 at $3 a pound. Even if copper goes to $9 a pound it doesn't mean that they will stop making cars. If you pay attention to these sectors carefully you will come to realize that inflation is on United States doorstep. Just a matter of time before it starts knocking. The whole west is going to have to pay much more for these things going forward in the future. Meaning higher prices for base metals.
OANDA:XCUUSDLong
by BigPippinSpendingGs
2
Anglo American - Bull run over?SELL – ANGLO AMERICAN (AAL) Anglo American PLC is a mining company. The Company has a portfolio of mining operations and undeveloped resources with a focus on diamonds, copper, platinum group metals, and bulk commodities. Fundamentals Anglo American recently delivered an impressive set of half-year results, yet the share price has fallen significantly in recent days. The company underwent a radical restructuring plan in 2013 and this had paid of handsomely with the shares appreciating over 900% since the 2016 lows. The increased concern over trade wars between the US and China has impacted the share price considerably in recent days with the shares falling over 20%. This could be the start of a deeper correction. Best Broker Target Price: 2900p (JP Morgan Cazenove 05/07/2019) Worst Broker Target Price: 1200p (Liberum 28/02/2019) Technical Analysis Anglo American has moved sharply lower in recent weeks, breaking a key trend support line that has been in place June 2017. The horizontal support at 1870p has also given way following the gap lower on the week beginning 5th August 2019. This completed a double top formation and suggest further downside will be seen over the short to medium term. The targets are the 38.2%, 50%, 61.8% & 78.6% Fibonacci retracement levels from the lows in 2017 to the highs in June 2019. Recommendation: Sell between 1800-1900p Stop: 2135p Targets: 1625p, 1465p & 1240p
LSE:AALShort
by Investamate
HG1! $HG_F - Copper At A Key Inflection PointIt's been a couple of tough months for Copper as the metal was unable to go topside of the $3 level and subsequently broke below important support at the $2.84 figure, which precipitated its recent slide down the slippery slope where we now find the Good Dr. attempting to hold its 40-Week (200 DMA) as evidenced in the Weekly chart above. While the landscape presently finds Copper in shortage as well as seasonality about to change to a favorable posture at the end of June coupled with large Short exposure via investors/traders, we wonder whether Copper can hold the line and perhaps stage a reversal of fortune from these levels ($2.64)? With the Jury still out and awaiting its verdict, both investors/traders may want to keep a close eye on the metal moving forward for signs/clues for a potential break in either direction. Nonetheless, Copper finds itself at a key inflection point, which depending on which way she decides to break (Higher or Lower) will set the tone in the weeks ahead.
COMEX:HG1!
by InsiderFinancial
Base Metals: Long term sell opportunity.The Base Metals market is reproducing a pattern that led to its 11.00 Multi Year Monthly Support in 2016. The formation starts with an aggressive channeled rise from the Support, continues with a Head and Shoulders and ends with a structured decline towards the 11.00 Support again. We appear to be forming the right shoulder of the new H&S pattern so what should follow is a structed decline to 11.00. We are on a long term short on this market. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
AMEX:DBBShort
by InvestingScope