Hi Michael, I hope you and family are well! Would be grateful to read your thoughts on the PGMs. I've heard some of the mining practices are environmentally brutal, particularly in parts of Indonesia.
Not easy to find another situation like that unfortunately. You either need to compromise on jurisdiction or risk dilution on most of the situations I've seen.
recently took large profits on half my AEM stake, and then put half the profits into B2G.
its a net cash (~30cents per share) miner facing some 3rd-world fear...not familiar with management quality, but does not seem like bottom halfers for mining sector.
any delays B2G face could be longterm positive if they can lower fixed costs and take some tax losses with modest drops in revenue.
take a look at larger miners that have adjacent projects for potential M&A.
Thanks for reading and that background🙏 It's hard to go past AEM for quality on the space, but I was never able to pay up for it, to my own detriment.
Some background on the PGMs here, can open the paywall for you https://www.asiancenturystocks.com/p/the-anti-ev-commodities
A great background- thanks!
Hi Michael, I hope you and family are well! Would be grateful to read your thoughts on the PGMs. I've heard some of the mining practices are environmentally brutal, particularly in parts of Indonesia.
Always bittersweet to see a good stock go. At least the premium to the current price is decent.
Yes, we are just little fish in a big pond sometimes. Onto the next one!
Let me know when you found another gem. Just working another one.
Not easy to find another situation like that unfortunately. You either need to compromise on jurisdiction or risk dilution on most of the situations I've seen.
I like jubilee platinum listed in london
Much appreciated, I'll take a look at it.
recently took large profits on half my AEM stake, and then put half the profits into B2G.
its a net cash (~30cents per share) miner facing some 3rd-world fear...not familiar with management quality, but does not seem like bottom halfers for mining sector.
any delays B2G face could be longterm positive if they can lower fixed costs and take some tax losses with modest drops in revenue.
take a look at larger miners that have adjacent projects for potential M&A.
small update:
if you count royalties as somewhat cash equivalent, then b2g has another ~30cents per share of liquidity.
am now out of AEM at new peak, and will add b2g on drops if nothing new reported.
also have small bid in for voxr.
You need to read fleckensteincapital.com for better mining stock ideas.