Macro Data Releases: US: February pending home sales, advance goods trade balance, wholesale inventories, March Kansas City Fed manufacturing activity, initial jobless claims China: February industrial profits Japan: March Tokyo CPI Eurozone: February M3 money supply Central Bank Speakers & Policy Updates: Fed: Barkin speaks BoJ: March meeting summary of opinions ECB: Guindos, Villeroy, Wunsch, Escriva, Schnabel speak BoE: Dhingra speaks Norges Bank: Rate decision Earnings Watch: H&M, Lululemon Fixed Income Auctions: US Treasury: 7-year Notes Other Notable Reports: US CBO releases The Long-Term Budget Outlook: 2025 to 2055 Market Impact Considerations: FX: Fed and BoE commentary could drive volatility in GBP/USD, while Norges Bank’s decision may influence EUR/NOK. Equities: H&M and Lululemon earnings could impact retail sentiment. Bonds: The 7-year Treasury auction and US macro data may guide Treasury yields. Commodities: China’s industrial profits and Japan’s CPI could influence risk sentiment and commodity demand. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
Gold is likely to retrace as it has hit its high for the day back to about 3028 entry between 3050 and 3055 SL above 3055 too avoid stop hunts TP between 3030 and 3028
GORO's Financial Restatement Analysis: Potential Impact on Future Earnings Gold Resource Corporation's (GORO) accounting error correction presents an intriguing financial situation that warrants deeper analysis. The company's apparent misclassification of a $30 million advance payment from the Back Forty project's streaming agreement has significant implications for its financial reporting and future performance outlook. Understanding the Accounting Error and Its Implications The apparent error involves recording a substantial advance payment as immediate revenue instead of recognizing it over the life of the streaming agreement. This accounting misclassification has several important ramifications for GORO's financial statements and investor perception. Nature of the Restatement The error appears to be purely accounting-related and non-cash in nature. GORO likely recorded a $30 million advance payment as immediate revenue in 2023, artificially inflating that year's results while simultaneously understating future period revenues. This type of accounting treatment fails to match revenues with the periods in which the company would actually fulfill its obligations under the streaming agreement. Impact on Historical Financials The restatement would necessitate reducing previously reported 2023 revenues and increasing a deferred revenue liability on the balance sheet. This adjustment would create a more accurate picture of the company's actual performance trajectory. For context, GORO reported significant financial challenges throughout 2023, including net losses of $3.1 million for Q4 2023 and $16 million for the full year. Current Operational Context To fully understand how this restatement affects GORO's outlook, we must examine the company's current operational reality. Persistent Production Challenges GORO has faced considerable operational difficulties that have impacted financial performance across multiple quarters. Recent earnings reports reveal: Q3 2024 revenue of just $13.27 million, significantly below analyst estimates of $17.65 million Net loss of $10.50 million and negative operating cash flow of $3.37 million in Q3 2024 Production costs rising to $205 per tonne milled Equipment availability issues and mechanical problems at the Don David Gold Mine in Mexico Mining constraints limiting production to one face at a time Cost Reduction Initiatives Management has implemented various strategies to address these challenges: Workforce reductions and contract renegotiations to lower operating expenses Focus on mining higher-grade ore veins to improve output quality Improvements in geotechnical design and metal recovery circuits Exploration of strategic alternatives, including potential mergers or acquisitions Potential Positive Aspects of the Restatement While a financial restatement is generally viewed negatively by markets, several factors suggest this particular situation might have silver linings. Improved Revenue Recognition Pattern By properly amortizing the $30 million advance payment over future periods, GORO would create a more stable and predictable revenue stream. This change could actually enhance the company's financial profile by: Creating a steadier earnings pattern Reducing quarter-to-quarter volatility Providing a baseline revenue cushion against operational fluctuations Enhanced Financial Transparency The correction would demonstrate management's commitment to proper accounting practices and transparency. Following the restatement, investors would have a clearer picture of the company's actual financial condition and performance trajectory. Factors Affecting Next Earnings Report Several elements will influence GORO's upcoming financial results beyond the accounting restatement. Metal Price Trends Gold and silver prices have shown strength in recent market conditions. This positive price environment could materially benefit GORO's revenue despite production challenges. The company's precious metals production, even at reduced volumes, would generate higher sales value in this favorable price environment. Mexican Peso Dynamics Foreign exchange rates have historically affected GORO's financial results, with the strengthening Mexican peso previously creating headwinds. However, any recent weakening or stabilization of the peso could provide cost benefits for GORO's Mexican operations at Don David Gold Mine, potentially improving margins. Production Recovery Potential Recent earnings calls have highlighted efforts to stabilize metal recovery circuits, with improvements achieved in Q1 2024 expected to benefit subsequent quarters. If these operational enhancements continue, production volumes and efficiency could improve, directly enhancing financial results. Expected Market Response to Restatement The market's reaction to GORO's restatement will likely evolve through several phases: Initial Volatility Near-term trading could show increased volatility as investors process the accounting change and reassess the company's historical performance. This period might present both challenges and opportunities as the market recalibrates expectations. Long-term Reassessment Once the restatement is complete and investors fully understand its implications, attention will return to fundamental operations and precious metals pricing. If the restatement results in a more stable earnings profile moving forward, it could actually strengthen market confidence in GORO's financial reporting. Strategic Alternative Catalyst GORO has been exploring strategic alternatives, including potential mergers or sales. A cleaner financial picture following the restatement might accelerate this process by providing potential partners or acquirers with greater confidence in the company's underlying assets and financial position. Conclusion While GORO's accounting restatement represents a significant financial adjustment, its non-cash nature and potential to create a more stable future revenue recognition pattern suggest it may not be entirely negative. The correction, combined with rising precious metals prices and operational improvement efforts, could position GORO for a potential turnaround if production challenges can be overcome. The near-term will likely bring heightened volatility as markets digest this information, but the long-term impact may ultimately prove beneficial by providing greater financial clarity and stability. Investors should closely monitor GORO's upcoming earnings reports for signs of operational improvement and the effects of the accounting restatement on the company's financial profile.
hisse düzeltmesini yapmış. buradan kulpu tamamlayıp hedeflere gitmesi gerektiğini düşünüyorum. ytd
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Showed this to a friend and he said, "oh a small cap?" Yes, somehow this is still a small-cap. Luckily for me. I have taken my position. If the price stays depressed over the coming weeks and months I will definitely be adding. No technical analysis, all fundamental and all of the fundamentals sound great to me (I am not in the Company and am definitely not a shill - not a paid one anyway :). Firstly, the market cap is only AUD41.7m today. Crazy. Why crazy? - They have AUD23 million on hand. So, take that off their market cap and their total operation is only valued at AUD18.7 mil. - So what do you get for that? You get two gold processing plants (one in Vic and one in Tasmania). Together they have over 1500 tons per day processing capacity. I just read about a mine in Peru that got an estimate of USD89 mil for a 1500 tons per day gold processing capacity. Obviously, that is more remote. But even if the cost was only 33% of that (USD30 mil), it would still be more than the current Market Cap of Kaiser. Also, permitting, environmental approvals? Could take several years to install a plant elsewhere. Kaiser's are permitted and producing gold dore bars now. - You get three highly prospective mines plus a few exploration projects (one that I want to see more about in the future; it is a gravity low, that is next to a magnetic high, on top of the gravity low at the very center is an historic gold mine. There is likely more gold there, how much? Will have to wait a few years to find out more about that one). - All three mines (Henty, A1, and Maldon) are very high grade - A1 averaged 25 grams of gold per ton historically and they are commencing mining of high-grade ore this year after years of processing secondary grade ore. - -Maldon reserves will be established over time. Maldon's historic production was 1.7Moz at an average of 28g / ton (including 300,000 ounces at 187g/ton AVERAGE from Nuggety Mine!). They are already compiling some really attractive drilling samples to establish reserves and extend the strikes. I am very interested to hear what they find underneath the historic workings of Nuggety Mine. There is underground infrastructure in place, but some work is needed to get it into production. ETA... not sure. Comes with a 120,000 ton/ pa producing production mill. - Henty (newly acquired in March 2025) historic production of 1.9Moz averaging 8.9g / ton. Henty produced just under 25,000 ounces of gold in 2024 (avg grade 4g/ton). Additional exploration and expansion planned. Comes with its own 330,000 ton / pa producing production mill. - If they even get both mills up to 50% capacity, with low-grade ore, this stock is going way way up. Back of the envelope using very conservative numbers: (capacity 550,000 t/pa / 2 = 275,000ton/pa x 4g per ton = 1,100,000 grams / 31.103 (grams per troy ounce) = 35,366 ounces pa). 35,366 ounces at $4800 an ounce is 169.75m gross revenue. Maybe a 15% net profit percentage (pretty conservative in this environment where Goldman Sachs just upgraded their target for gold in 2025 to USD3300/oz) = 25.464m pa net. If they have a PE ratio of 20 the market cap would be AUD509.275m which is 12.2 times higher than the current Market Cap. That is without any acquisitions, any gold price rises, adding any additional gold reserves (which they will add soon). If they only net 10% net profit the Market Cap should (at a minimum expand to AUD339.5m or 8.1 times the current Market Cap. 36,000 ounces is unachievable? That is the target the exec team set for the Company in 2025... not 2027... but soon. That is even without Maldon in production. Can nobody do math? Is nobody willing to take a risk on a very prospective looking operation? Some people will. I also like the exec team. They seem to; - Have a nose for a good deal, - Are not about buying over-valued assets (like a lot of the gold mind mergers you hear about these days. Big players buying fully-priced mega-mines with huge debt leverage. They will never survive any price drops and will end up being sold off at fire-sale prices by creditors), - They have a real sense of urgency in getting things moving. Buying working assets at fire-sale prices, with a near-term plan (that is tracking) to steadily improve production, cash-flow, mine grades, mine life etc. Anyway, I am going on. Do your own research. I shouldn't be writing this. It may mean I cant add much more to my position at low prices. I'm having some luck with gold miners - check out New talisman Gold on NZX (I still think it will go up 5 x from todays price when they start steady production).
Nach dem Bruch eines steilen Keils kam es zu einem schnellen Ausbruch nach oben – jedoch ohne nachhaltiges Volumen. Diese Bewegung könnte ein klassischer Fehlausbruch gewesen sein. Wenn sich diese Annahme bestätigt, könnte der Kurs bald in eine Korrekturphase übergehen. Trader sollten auf eine mögliche Umkehrformation achten. ?⚠️
Guten Morgen zusammen! Recap von gestern: Dealing Range x 3.5 wurde erreicht (= Tages-SMA 200) und dann gab es den Abverkauf. Trump will nun doch Sektor-Zölle erheben. Wir haben nun im Daily ein Lower High gebildet. Technisch: Die Weelly/Quarterly Gap vom Montag wurde nun zu 50% geschlossen und ein Retest heute morgen (auch von SD x1 hat gehalten. Normal sollte sie ganz gefüllt werden, aber der 02.04 kommt ja bald.. Das Weekly True Open (19905) hat nun bei 2 Re-Tests gehalten.. sobald wir über das heutige Open kommen (19935) sehe ich das auch erstmal als bullisches Zeichen (kurzfristig). Also nur ums klar zu sagen: Weekly/Daily/4h sehen kurz- bis mittelfristig bärisch aus.. einzig die unteren sind momentan bullisch. Daher aufpassen. Bullische Ziele heute wären 20093 und 20100/20200, alles darüber ist ein Träumchen. Nach unten wären 19800 und 19765 vermutlich das nächste grösseren. Alle Kurse sind vom CFD US100 MarketsCOM, welcher +- dem CFD meines Brokers entspricht. Analog NQ1!/NDX/QQQ müsst ihr eben etwas anpassen. Viele Grüsse, Khan
TP: FE 1.27 SL: Swing Low Size based on your risk management strategy
The SnowWhite IMDB rating can't get any worse - could the same be said of Disney stock? Price is the ultimate proof but buying the shares of a well established company when sentiment is at a low point can be a fruitful endevour. The poor box office showing + very weak ratings for Snow White - maybe a contrarian buy signal ? A) The stock is attempting a long term double bottom via is 2020 + 2023 lows B) A breakout over the downtrend line (orange) could confirm a bullish trend change Bottom of the ratings ➡️ Bottom in the stock? NYSE:DIS