Stockhead’s Unicorns Podcast connects you to some of the best and brightest founders, CEOs, executives, business owners, VCs and market leaders.
This week we spoke to Tim Fung, co-founder and CEO of Australian start-up sensation Airtasker.
Fung has created a household name in Airtasker, which now employs over 100 people, is valued in the hundreds of millions of dollars, and is on its way to becoming a true tech ‘Unicorn’.
Every week, former geologist and experienced stockbroker Guy Le Page shares his high conviction views on the market and his “hot stocks to watch”.
This week, South American-focused gold stocks are in the spotlight.
Le Page likes the look of Titan Minerals (ASX:TTM)which has two projects in Ecuador – 2.1moz Dynasty, its flagship project, and Copper Duke.
“They’ve got about $12m in cash, a market cap post the recent placement of about $140m, but very significant gold grades,” Le Page says.
“There’s a lot of discussion around town about what they’re doing – 2 million ounces at 4.5 grams is a seriously high-grade resource. That puts them right up in the top quartile of grade tonnage in the world.”
Some more good news for the beleaguered – but increasingly positive – battery metals sector.
Lithium miner Galaxy Resources (ASX: GXY) has signed up long-term Chinese customer Sichuan Yahua Industrial Group to a new three-year supply deal for its Mt Cattlin spodumene concentrate.
Meanwhile, Alkane Resources’ (ASX: ALK) rare earths subsidiary, Australian Strategic Materials (ASM), has completed some important research work with its Korean joint venture partner ZironTech.
The ASM-ZironTech joint venture is targeting 45 per cent less energy use in its rare earth metallisation process compared with current industrial processes.
Investment in gold companies is starting to look a lot like herding “elephants through a really small door” as spot prices cross back over the $US1,800 an ounce mark.
In other words, there is a lot of money out there “…coming into a very, very small sector”, Steve de Jong, the chief executive officer of virtual mine tour provider Vrify, told Kitco News.
Investors who saw the COVID-19 selloff in March as a buying opportunity would have reaped some handy gains over the past few months.
But after an unexpectedly bullish June quarter, higher valuations make for a more complex outlook in the second half of the year.
Looking back on the historic volatility in March and April, Oracle Investments fund manager Luke Winchester said the focus turned to earnings certainty — small and mid-cap stocks that could demonstrate an ability to maintain their business model in a world that got turned on its head.
Investors are increasingly inquiring about gaining exposure to silver and copper.
Silver has popped 55 per cent higher since mid-March to $US18.70 ($26.90) an ounce, carrying it beyond its 2019 average of $US16/oz.
Copper has marched 36 per cent higher to $US2.86 a pound, also up on the 2019 average of $US2.72.
And there is the prospect that the two could go higher still in response to global economic stimulus packages (silver has lots of industrial applications on top of its gold-like hedging properties).
The impact of COVID-19 on accelerating the digitisation of the economy has caused some dramatic stock re-ratings – like online meal delivery service provider Marley Spoon (ASX:MMM).
Its share price is up more than tenfold since its post-COVID low in March; that’s much more than for other high flying tech stars like Afterpay (ASX:APT)(+788 per cent) or fellow e commerce provider Kogan (ASX:KGN) (+402 per cent).
Money Talks is Stockhead’s regular drill down into the sectors and companies that investors have their eye on right now.
This week we hear from John Athanasiou CEO of Red Leaf Securities, who says there are other potential winners to be found in the ASX’s tech sector besides BPNL — from virtual reality to cloud computing — that have grown substantially in recent years, but have not got the recognition they deserve.
Get the latest Stockhead news delivered free to your inbox
For investors, getting access to the right information is critical.
Stockhead’s daily newsletters make things simple: Markets coverage, company profiles and industry insights from Australia’s best business journalists – all collated and delivered straight to your inbox every day.
Markets coverage, company profiles and industry insights from Australia’s best business journalists – all collated and delivered straight to your inbox every day.
It’s free. Unsubscribe anytime.
By proceeding, you confirm you understand that we handle personal information in accordance with our Privacy Policy.
I want the news:
Hear it first
Get the latest Stockhead news delivered free to your inbox.
Thanks! You’re subscribed, Stockhead news is coming your way soon.