Today’s Market View – Sunstone Metals Limited, Polymet Mining, Adriatic Metals and more…

SP Angel . Morning View . Thursday 26 03 20

More stimulus pledged by governments and monetary authorities

MiFID II exempt information – see disclaimer below     

SP Angel . Morning View . Thursday 26 03 20

More stimulus pledged by governments and monetary authorities

MiFID II exempt information – see disclaimer below

Anglo Asian Mining* () – Production maintained amid escalating state COVID-19 containment measures

Adriatic Metals* (LON:ADT1) – Gravity data reveals additional targets

Ariana Resources* () – Subsidiary pays Ariana £1.6m dividend

Aura Energy* (LON:AURA) – Postponement of EGM

Caledonia Mining () – Virus mitigation measures in place

Gem Diamonds () – Letseng placed on care and maintenance

Polymet Mining* () – Minnesota Supreme Court will hear appeal on three PolyMet permits

Sunstone Metals Limited () – Identification of high-grade gold-copper porphyry targets at Bramaderos

Serabi Gold* () –– Higher gold prices and falling Brazalian real

From our Healthcare team:

FDA approval guidelines for blood plasma treatment for COVID-19 patients.

Intelligent Ultrasound (): Final results for 2019

Stimulus funding relating to the Coronavirus (Updates in bold, figures converted to US dollars)

$2tn US fiscal package approved by Congress

$1,000bn – IMF available

$963bn (€750bn) ECB scraps limits on sovereign bond purchases. + targeted loans to companies at an interest rate of -0.75%

ECB legal decision on the Pandemic Emergency Purchase Programme ‘PEPP’. The ECB may target shorter maturities in the hope that PEPP remains temporary.

The 33% issuer limit will not apply to emergency asset purchases.

No more limits to ECB QE!

$825bn (€756bn) Germany – Bundestag approved €156bn in extra borrowing and ~€600bn in emergency funds

$700bn – US + Fed rate cut to 0-0.25% last night. The $700bn QE program is to buy Treasuries and mortgage-backed securities. The program in two parts…

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