Far East Capital Newsletter
Tietto Minerals is the next multi-million ounce gold company to come out of West Africa
17 Jul 2021

In This Issue


Tietto Minerals is the next multi-million ounce gold company to come out of West Africa

There are no new themes at play in the market; just a rotation of the same ones we have become accustomed to already. It seems to be reflecting the groundhog day mornings that we have with the lockdowns.

Iron ore stocks are hitting new highs after a period of profit taking. Rare earth stocks are showing a bit more life. The gold price is continuing to recover from its low in June but so far there has not been a flood of money coming back into that sector. The outlook for bullion is still related to expectations on inflation and interest rates, but the market cannot seem to consistently hold on to one particular line of thought. That provides volatility and trading opportunities, though no discernible trend.

We continue to look for opportunities for both traders and investors where market valuations are out of alignment with the fundamentals. This week we cast our eye over Tietto Minerals (TIE), which is shaping up to be the next ASX-listed gold producer in West Africa with the Abujar gold project, in Cote d'Ivoire. 

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