This consists of 27 container vessels, 2 chemical tankers and 1 gas tanker. The WCI Composite Container Freight Benchmark rate, which tracks eight major trade routes, surged to US$8,796, a 333% increase from the same period last year. Upcoming semi-annual results is a key catalyst.Drewry expects rates to increase further in the coming week. ![]() ![]() ![]() The company is likely due to report its first half results in the last week of July. GER owns and operates thermal coal mines in Indonesia (through 63% owned PT Golden Energy Mines), and metallurgical coal (75% owned Stanmore Resources) and gold mining (50% owned Ravenswood Gold) in Australia.RE-ITERATE BUY Entry – 0.32 Target –0.43 Stop Loss – 0.26.Golden Energy & Resources (GER SP): A hidden GEM A better-than-expected performance may provide another booster shot to its share price. Stanmore has coal resources estimates of 1.7 billion tonnes, marketable coal reserves estimates of 130.0 million tonnes and a coal handling preparation plant capacity of up to 3.5 million tonnes per annum. PT Golden Energy Mines (GEMS) has more than 2.9 billion tonnes of energy coal resources and more than 1 billion tonnes of coal reserves. Meanwhile, Ravenswood Gold has 3.9 million ounces of gold resources and 2.6 million ounces of gold reserves, and a gold processing facility of up to 5.0 million tonnes per annum. The company has ramped up production significantly over the past 10 years. Meanwhile, its assets in Australia are made up of high quality met coal mines and sizable gold reserves and resources.įor its Indonesian operations, production increased from 1.8mt in 2010 to 33.5mn in 2020. Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.Post expansion, GER’s Ravenswood Gold is expected to be one of the largest gold producers in Queensland, Australia. “The new rules may impose long waiting periods on any companies hoping to list abroad which will hit investor sentiment, depress valuations for IPOs in the US and make it more difficult to raise funds overseas,” he said. “For companies applying for a US listing, they may have to wait for further clarification, stricter scrutiny and pre-approval from different regulators and authorities,” said Bruce Pang, macro & strategy research head at China Renaissance Securities. LinkDoc’s decision to suspend its US$211 million IPO, first reported by Reuters, is likely to be followed by others, analysts said, although they noted that US listings were not barred per se. That was soon followed with an order for Didi’s app be removed from app stores.īeijing also stated on Tuesday, July 6, it would strengthen supervision of all Chinese firms listed offshore, a sweeping regulatory shift that triggered a sell-off in US-listed Chinese stocks. ![]() It is the first Chinese firm known to have pulled back from IPO plans since China’s cybersecurity regulator toughened its approach to oversight last week with an investigation into ride-hailing giant Didi just two days after its New York debut. Chinese medical data group LinkDoc Technology has shelved plans for an IPO in the United States due to Beijing’s clampdown on overseas listings by domestic firms, according to sources with direct knowledge of the matter.
0 Comments
Leave a Reply. |