Shares Magazine – May 23, 2019

BIG NEWS

8 | SHARES | 23 May 2019

C

ŚŝŶĂƉƌĞƐĞŶƚƐĂƐŝŐŶŝĮĐĂŶƚŽƉƉŽƌƚƵŶŝƚLJĨŽƌ

ŵĞĚŝĂŐƌŽƵƉŶƚĞƌƚĂŝŶŵĞŶƚKŶĞ;dKͿ͕

ĂĐĐŽƌĚŝŶŐƚŽĐŚŝĞĨĞdžĞĐƵƟǀĞĂƌƌĞŶdŚƌŽŽƉ͘

,ĞƚĞůůƐSharesƚŚĞĐŽƵŶƚƌLJĐŽƵůĚďĞ͚ĂƐďŝŐĂƐƚŚĞ

h^ĨƌŽŵĂĐŽŶƐƵŵĞƌƐƚĂŶĚƉŽŝŶƚ͛ŝŶƚŚĞĨƵƚƵƌĞ͕

ŵĞĂŶŝŶŐƐŝŐŶŝĮĐĂŶƚƉŽƚĞŶƟĂůƚŽĞĂƌŶůĂƌŐĞ

ĂŵŽƵŶƚƐŽĨŵŽŶĞLJĨƌŽŵďƌŽĂĚĐĂƐƟŶŐĂŶĚ

ŵĞƌĐŚĂŶĚŝƐĞ͘

ƌŽĂĚĐĂƐƚĂŶĚůŝĐĞŶĐŝŶŐƌĞǀĞŶƵĞĨƌŽŵŝƚƐ&ĂŵŝůLJ

ĂŶĚƌĂŶĚƐĚŝǀŝƐŝŽŶʹǁŚŝĐŚŝŶĐůƵĚĞƐPeppa Pig ĂŶĚ

PJ MasksĐŚŝůĚƌĞŶ͛ƐĐĂƌƚŽŽŶƐʹŝŶĐƌĞĂƐĞĚďLJϭκκй

ŝŶƚŚĞƉĂƐƚĮŶĂŶĐŝĂůLJĞĂƌ͕ƉĂƌƟĂůůLJĚŽǁŶƚŽƐƚƌŽŶŐ

ĚĞŵĂŶĚĨƌŽŵŚŝŶĂ͘

͚tĞ͛ǀĞŐŽƚŶĞǁďƵLJĞƌƐŽĨĐŽŶƚĞŶƚŝŶĐůƵĚŝŶŐ

ƉĞŽƉůĞŝŶƚŚĞŚŝŶĞƐĞŵĂƌŬĞƚƉůĂĐĞ͕ĂƐǁĞůůĂƐ

ŽŶŐŽŝŶŐĚĞŵĂŶĚĨƌŽŵŝŶĐƵŵďĞŶƚƐEĞƞůŝdžĂŶĚ

ŵĂnjŽŶ͘KƵƌŝŶĐŽŵĞŝƐŐŽŝŶŐƵƉďĞĐĂƵƐĞŝĨĂ

ƐƚƌĞĂŵŝŶŐƉůĂƞŽƌŵǁĂŶƚƐƚŽŚŽůĚŽŶƚŽƐƵďƐĐƌŝďĞƌ

ŶƵŵďĞƌƐ͕ƚŚĞLJŶĞĞĚƚŽƉĂLJĨŽƌŚŝŐŚƋƵĂůŝƚLJ

ĐŽŶƚĞŶƚ͕͛ĞdžƉůĂŝŶƐdŚƌŽŽƉ͘

dŚĞĐŽŵƉĂŶLJǁŝůůŝŶĐƌĞĂƐĞƚŚĞĚŝǀŝƐŝŽŶ͛Ɛ

ŝŶǀĞƐƚŵĞŶƚŝŶƉƌŽĚƵĐƟŽŶƐĨƌŽŵάς͘κŵŝŶƚŚĞƉĂƐƚ

ĮŶĂŶĐŝĂůLJĞĂƌƚŽάϭϬŵƚŚŝƐLJĞĂƌ͘,ĂǀŝŶŐŵŽƌĞ

Entertainment One eyes

large profit boost from China

Its content is in strong demand from Asian broadcasters and consumers

ĐŽŶƚĞŶƚŝŶĐƌĞĂƐĞƐŶƚĞƌƚĂŝŶŵĞŶƚKŶĞ͛ƐĐŚĂŶĐĞƐ

ƚŽďĞŶĞĮƚďŽƚŚĨƌŽŵƐĞůůŝŶŐƚŚĞďƌŽĂĚĐĂƐƚƌŝŐŚƚƐ

ĂŶĚĂůƐŽĨƌŽŵƚŽLJƐ͕ĐůŽƚŚĞƐĂŶĚŽƚŚĞƌƌĞůĂƚĞĚ

ŵĞƌĐŚĂŶĚŝƐĞ͘

ŶĞǁƉƌĞͲƐĐŚŽŽůďƌĂŶĚǁŝůůďĞůĂƵŶĐŚĞĚŽŶ

ŚŝŶĞƐĞƐƚƌĞĂŵŝŶŐƉůĂƞŽƌŵƐŝŶƚŚĞƐƵŵŵĞƌ

ĐĂůůĞĚRicky Zoom͕ĨŽůůŽǁĞĚďLJĂůĂƵŶĐŚŽŶŐůŽďĂů

ďƌŽĂĚĐĂƐƚŶĞƚǁŽƌŬƐůĂƚĞƌŝŶƚŚĞLJĞĂƌǁŝƚŚƚŽLJƐ

ĐŽŵŝŶŐŶĞdžƚƐƵŵŵĞƌ͘

dŚĞƉĂƐƚĨĞǁLJĞĂƌƐŚĂǀĞƐĞĞŶƚŚĞĐŽŵƉĂŶLJ

ĚƌĂŵĂƟĐĂůůLJƌĞĚƵĐĞŝŶǀĞƐƚŵĞŶƚŝŶƚŚŝƌĚƉĂƌƚLJ

ŵĂƚĞƌŝĂů͕ƉƌĞĨĞƌƌŝŶŐƚŽĨŽĐƵƐŽŶĚĞǀĞůŽƉŝŶŐŝƚƐŽǁŶ

ĐŽŶƚĞŶƚ͘dŚŝƐƚƌĞŶĚǁŝůůĐŽŶƟŶƵĞʹĨŽƌĞdžĂŵƉůĞ͕

ƚĞůĞǀŝƐŝŽŶƉƌŽĚƵĐƟŽŶŝŶǀĞƐƚŵĞŶƚǁŝůůŝŶĐƌĞĂƐĞďLJ

ŶĞĂƌůLJƚǁŽƚŚŝƌĚƐƚŚŝƐLJĞĂƌƚŽάϯρϬŵ͘

FANS OF GOLD mining stocks should

note that Pure Gold (PUR) has listed

on London’s Main Market (21 May).

The £78m company plans to reopen

the Madsen Red Lake gold mine in

Ontario next year. Its shareholders

include large mining companies

AngloGold Ashanti and Goldcorp.

Pure Gold has turned to the UK

for investor support after seeing the

Canadian market turn its back on

smaller mining firms in favour of fast

growth areas like cryptocurrency,

cannabis, e-sports and blockchain.

The company believes the

London stock market is underserved

with mining companies owning high

quality projects.

It is confident that 1m ounces

of gold can be economically

extracted from Madsen Red Lake

at a grade of 9 grams per tonne,

based on the current reserve

statement, and it sees potential

for significant additional ounces

to be proved up.

A feasibility study says the

mine will cost US$70m (C$95m)

to build and will have a US$

per ounce all-in sustaining cash

cost, implying decent profit

margin potential versus the

current gold price of $1,

per ounce.

Pure Gold floats in London ahead

of Canada mine revival

The company plans to reopen a former-producing

mine next year