Globex Mining Enterprises Inc. (TSX: GMX) – recent article “A piggy bank with potential” published by Apaton Finance GmbH on Apr. 5, 2023.
GLOBEX MINING: A PIGGY BANK WITH POTENTIAL
Globex Mining is set up like a piggy bank with currencies from all over the world. The Company buys commodity projects and properties in North America and, together with partners, develops them, or sells them for cash and profit-sharing. Globex Mining holds a total of more than 200 commodity projects. Among them are gold and silver, copper, lithium and other battery metals. Like any investment company, Globex Mining is traded on the stock exchange at a discount to the total of all assets: The Company weighs in at less than CAD 45 million.
The upward movement of gold has so far only slightly boosted the price of Globex Mining. However, if one takes a long-term look at the chart, it shows the beginning of a possible upward movement starting from the lows in December. Because of Globex Mining’s numerous projects and the general need for commodities, the portfolio is extremely interesting: a successful exit alone can lead to funds flowing into the Company that are considerable in terms of the current market value. For investors who do not shy away from holding companies and conglomerates, Globex Mining is a company that has not yet completed the upward movement in precious metals and also has something to offer in other metals, such as lithium.
Even if the situation around stocks such as Deutsche Bank or Vonovia seems to have eased, the past weeks show that there is pressure on the kettle. Interest rates will continue to rise for the time being because of inflation. It is by no means certain that the situation will remain under control and that the central banks will master their balancing act between financial market stability and maintaining purchasing power. Nearly unnoticed shares such as Globex Mining can be a sensible addition to a portfolio in the current market phase. Even a successful exit could lead to the remaining projects – more than 200 – being reassessed by the market.
Conflict of interest
Pursuant to §85 of the German Securities Trading Act (WpHG), we point out that Apaton Finance GmbH as well as partners, authors or employees of Apaton Finance GmbH (hereinafter referred to as “Relevant Persons”) may hold shares or other financial instruments of the aforementioned companies in the future or may bet on rising or falling prices and thus a conflict of interest may arise in the future. The Relevant Persons reserve the right to buy or sell shares or other financial instruments of the Company at any time (hereinafter each a “Transaction”). Transactions may, under certain circumstances, influence the respective price of the shares or other financial instruments of the Company.
In addition, Apaton Finance GmbH is active in the context of the preparation and publication of the reporting in paid contractual relationships.
For this reason, there is a concrete conflict of interest.
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