ZURICH, SWITZERLAND/ ACCESSWIRE / July 2, 2019 / The gold bull is back! At least according to Adam Hamilton, who cut right to the chase in his June 21, 2019 article "Gold Bull Breaking Out!": "Gold finally surged to new bull-market highs this week! Several years after its last bull high, gold punched through vexing resistance after the Fed continued capitulating on ever normalizing. This huge milestone changes everything for gold and its miners' stocks, unleashing new-high psychology fueling self-feeding buying. With speculators not yet all-in and investors wildly underdeployed, gold has room to power much higher."
And Rockstone's favorite gold stock at the moment, Ximen Mining Corp. (TSX.V: XIM; OTCQB: XXMMF; Frankfurt: 1XMA), achieved a huge milestone on June 20, 2019 in an announcement that has the potential to change everything as the explorer is pressing ahead aggressively with its goal of becoming a gold producer in southern British Columbia, Canada:
Ximen has entered into an agreement for a drawdown equity financing facility with Alumina Partners (Ontario) Ltd., an affiliate of New York-based private equity firm Alumina Partners LLC. The investment agreement will provide Ximen with up to $8 million over a 24 month period, structured to provide the company with relatively quick access to private placement financing as and when required, at its sole discretion.
"Alumina is excited to support Ximen as they move to systematically expand their precious metals holdings in the highly favourable mining jurisdiction of British Columbia," said Adi Nahmani, managing member of Alumina. "As the gradual sector rotation back toward precious metals continues to gain traction, we anticipate the strong management team at Ximen being able to translate their substantial asset base into the real revenue streams of a production-stage company."
Speaking of confidence, Ximen today made another milestone announcement, unleashing its plans to open the Kenville Gold Mine in Nelson, BC in an effort to create substantial shareholder value along the way.
The full report can be accessed with the followinglinks:
English (PDF): https://www.rockstone-research.com/images/PDF/Ximen13en.pdf
Disclaimer: This report contains forward-looking information or forward-looking statements (collectively "forward-looking information") within the meaning of applicable securities laws. Forward-looking information is typically identified by words such as: "believe", "expect", "anticipate", "intend", "estimate", "potentially" and similar expressions, or are those, which, by their nature, refer to future events. Rockstone Research, Ximen Mining Corp. and Zimtu Capital Corp. caution investors that any forward-looking information provided herein is not a guarantee of future results or performance, and that actual results may differ materially from those in forward-looking information as a result of various factors. The reader is referred to the Ximen Mining Corp.´s and Zimtu Capital Corp.´s public filings for a more complete discussion of such risk factors and their potential effects which may be accessed through the Ximen Mining Corp.´s and Zimtu Capital Corp.´s profile on SEDAR at www.sedar.com. Please read the full disclaimer within the full research report as a PDF as fundamental risks and conflicts of interest exist. The author, Stephan Bogner, holds a long position in Ximen Mining Corp., Golden Dawn Minerals Inc. and Zimtu Capital Corp. and is being paid by Zimtu Capital Corp. for the preparation, publication and distribution of this report, whereas Zimtu Capital also holds a long position in Ximen Mining Corp. and Golden Dawn Minerals Inc. Ximen Mining Corp. has paid Zimtu Capital Corp. to provide this report and other investor awareness services.
View source version on accesswire.com: