UPDATE Coronavirus Effect on Gold, Oil & Stocks: Unpredictable COVID19 8,938 views Feb 15, 2020
Capital.com 28.4K subscribers The dreaded COVID19 has been a substantial influence on global markets since news broke of its appearance in China. We have been keeping a close eye on the correlations between the coronavirus and the stockmarket, and the effects of it have been rippling across pretty much every industry. The coronavirus and oil correlation, for example, has been among the most prominent; as we’ve seen OPEC call for additional production cuts in connection with the outbreak.
Sprott Money 6.68K subscribers Eric Sprott discusses the effect of the worsening pandemic on the global economy and the impact this will have on precious metal prices.
The Detour deal will provide excellent buy opportunities and should be a very good deal and better on LT long term future -
What I see is DGC shareholders and some market players cashing out the new shares they got and shorters made moves -
At the end of the day we have the same market cap as pre-merger except now we own 15m ozs , a mine and a lot more ozs we don't know about.
We have got an additional 600k ozs/yr in production.
This is a medium long term steal imho, I am tempted to add another 5k shares here, and my crystal ball reveal a much higher price of the LT gold trend next 5 years -
RevT79 wrote: Kl as got the best deal ever buying detour with is 15 millions oz reserves for.... nothing!!! lol!!!! they print a bunch of paper shares and bought a massive gold producing mines.
rigth now the decrease of the SP is due to detour shareholder weak hands selling there new shares.
How much will those 15 millions oz will be worth in 10 years... it was shown that the grades are higher than expected on the last quarter. this is a great entry point to buy shares.... hopefully investors see the opportunity! glta
Eric feel KL got Detour for a steal -
Gran Colombia Gold Announces Closing of CA$40 Million Private Placement; Eric Sprott Increases Investment to Approximately 11%