{australien_flagge}It had been a bit quiet around our Newfoundland gold explorer Matador Mining (WKN A2DKV4 / ASX MZZ) over the summer, until the Australian company recently presented the first, excellent drill results from its Cape Ray project. A major Canadian asset manager seems to have taken this as an opportunity to significantly increase its stake in Matador.
As we reported, Matador had presented the first drill results from Cape Ray a few days ago, which included mineralization with gold grades of up to 36 g/t tonne. But more importantly, the results showed the potential that exists at the project to significantly add to the existing resource of already around 840,000 ounces. And the company hopes that assay results from the 20,000-meter drill program will now start coming in regularly.
Whether there is actually a direct connection remains to be seen, but in our opinion it is a vote of confidence that the Canadian fund manager CI Investments Inc. acquired 3,669,975 Matador shares and expanded its stake in the Australian company from 6.07 to 7.76%!
Bottom line: CI Investments Inc. is a subsidiary of NYSE-listed CI Fincial, which reported total assets under management of $309.3 billion in July – so it’s no lightweight in the market. CI Investments managers do not have a crystal ball either, of course, and cannot guarantee a positive development for Matador, but they will have considered it very carefully and, above all, examined it very carefully before deciding to expand their position. In this respect, this news is a strong confirmation for the company, but also for us, who have been reporting on Matador for quite some time. We are now looking forward to the next results and the news flow in the coming weeks and months, which hopefully will now increase significantly as expected by the company.
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According to §34b WpHG and according to paragraph 48f paragraph 5 BörseG (Austria) we would like to point out that partners, authors and/or employees of GOLDINVEST Consulting GmbH may hold shares of Conico Ltd. and therefore a conflict of interest could exist. We also cannot exclude that other stock letters, media or research firms discuss the stocks we discuss during the same period. Therefore, symmetrical information and opinion generation may occur during this period. Furthermore, there is a consulting or other service contract between GOLDINVEST Consulting GmbH and a third party representing Matador Mining, which means that there is a conflict of interest, especially since this third party remunerates GOLDINVEST Consulting GmbH for reporting on Matador Mining. This is another conflict of interest.
