Today’s Market View – Chaarat Gold, Kavango Resources, SolGold and more…

SP Angel . Morning View . Friday 05 02 21

Tin break $23,000 driven by strong electronics demand and supply issues

Chaarat Gold* () – Placing and debt-for-equity conversion as Tulkubash development funding nears completion

Kavango Resources () – Warrants exercised by Directors & Senior Management

SolGold* () – Progress of the Alpala PFS

Tin – prices break through US$23,000, their highest since 2014 driven by demand for electronics 50% of consumption and.

Tin prices have rallied in the first five weeks of the year, driven by robust demand from the electronic sector and an acute shortage of material in the LME system.

Along with increasing electronics demand, tin has a number of new applications in growing sectors including solar panels, EV batteries and as a catalyst in hydrogen fuel cells.

Production in Bolivia and Africa is hit by the pandemic and we expect further shortages of tin concentrates when new sanctions are applied to Myanmar after the Military jailed democratically elected politicians the day before they were due to assume power following last year’s elections.

Prices have gained 13% so far this year, building on gains of 18% in 2020.

Inventories in LME approved warehouses have slumped from 5,500t in October to currently sit at an all-time low of 810t.

Meanwhile, Shanghai stocks are up 18% today to 7,450t, reflecting the majority of metals production and consumption takes place in Asia.

The premium for cash tin over three-month prices eased to $990/t from $1,585/t – the highest in decades, reflecting a shortage of nearby material.

The International Tin Association expect the market to be in a deficit of 2,700t in 2021 after a 5,200t deficit in 2020 according to their last report in December.

Yoga and beer at Cambodia brewery helps people relieve Covid-19 stress (SCMP)

At long last, there is a proper Coronavirus treatment, though only currently available in Cambodia

We petition the government to allow this form of strenuous exercise at the earliest opportunity

Vale ordered to pay $7bn for Brumadinho mine disaster

Vale have reached a settlement agreement with Brazilian authorities for a dam collapse that sadly killed 270 people and resulted in vast environmental damage in 2019.

The miner will pay 37.7bn reais ($7.03bn) including cash payments to affected people and investments in environmental projects.

A spokesman for the state of Minas Gerais commented: “This is the largest reparation agreement ever signed in Latin America in financial terms and with the participation of the state”.

Recent Interviews:

VOX:    03/02/20 https://www.voxmarkets.co.uk/media/601c12cc40dc224b8b88a9ec/?context=/listings/LON/IKA/multimedia/

28/01/20 https://www.voxmarkets.co.uk/articles/john-meyer-covers-news-from-bluerock-rambler-altus-anglo-asian-mining-85f68e3

121 Africa Mining Conference panel:  Investment Leader’s Discussion: Van Eck, Qora Capital, Nedbank, SP Angel

Africa set to gain from Covid stimulus as East and West compete for metals in the new COVID-Supercycle:  https://www.theassay.com/the-assay-africa-edition-2021/

IGTV:   Metals expected to continue the last-year gains into 2021 https://youtu.be/afrB9cJe8L0

Is 2021 the start of the new COVID-Supercycle or will Lockdowns delay the recovery? https://youtu.be/7LO0tDc-pNc

As traders continue to bid up Tesla, is the EV sector approaching a bubble? https://youtu.be/LaDWBpTZ7SQ

iiTV:     The mining stock to own in 2021: https://www.youtube.com/watch?v=4x7SuSLQwCI&t=11s

Small Cap Mining Share tips for 2021 -…