Great artice as usual Oak. I own many of the juniors you mention plus several others. Seems no logic as to which ones have been revalued over past few months. Take EST, proven polymetallic Verkhuba project, in close proximity to processing facilities with an enormous copper prospective footprint in a mining friendly jurisdiction. Valuation sub £8MM!
Oak I know you're off on hols. Was just investigating Caledonia and its showing as a 7 bagger on the goldstockdata site, plus pays a 5%+ divi. FCF $50M plus plenty of exploration licences. Close to a 1 year low. OB value territory?
No, the going's firm for St Legers.... using 2020 as the best available comparable if you'd sold the AIM all share 1st May and bought back on 12th September (St Legers 2020) you'd have missed a 797 to 969 rally - i.e. 21.5%
AIM all share 2023 was a 12.7% drop (St Legers was 16th Sep) 829 to 724.
But to repeat 2023 you'd have to have in 2024 a/ a mini banking crisis b/ high inflation and expectation of rising rates c/ expectations of recession and stagflation.. a hard landing which was "inevitable" d/ A housing crisis in China and risk of contagion e/ Escalation of the Ukrainian war f/ Aftermath of a supply chain crisis
"Evitar" means to avoid so "inevitable" was not the case. In 2024 there is no hard landing, at least not yet, in fact the landing has been surprisingly soft. There's falling inflation (at least till now), no rising rates (yet) and cuts (potentially), China's housing crisis is contained and their non-housing economy is very robust.
Arguably the risk of war and tensions has increased but the key stories that worried the world in 2023 have receded which is why I don't believe we'll see a repeat of 2023.
MTL also prospecting for a large copper / gold resource in the Philippines. Might be worth inclusion in this group
Good article, have a look at BNKR in Canada, hasn’t moved yet
Great artice as usual Oak. I own many of the juniors you mention plus several others. Seems no logic as to which ones have been revalued over past few months. Take EST, proven polymetallic Verkhuba project, in close proximity to processing facilities with an enormous copper prospective footprint in a mining friendly jurisdiction. Valuation sub £8MM!
With hungry mid caps like CAML in country too, EST does look interesting
Oak I know you're off on hols. Was just investigating Caledonia and its showing as a 7 bagger on the goldstockdata site, plus pays a 5%+ divi. FCF $50M plus plenty of exploration licences. Close to a 1 year low. OB value territory?
The Oak Bloke does not intend to Sell in May, and go away, then?
Hi Jon,
No, the going's firm for St Legers.... using 2020 as the best available comparable if you'd sold the AIM all share 1st May and bought back on 12th September (St Legers 2020) you'd have missed a 797 to 969 rally - i.e. 21.5%
I don’t have a firm conviction. I guess I am curious based on 2023 data but then we can always find data to fit a case.
Love your prolific work
Thanks Jon.
AIM all share 2023 was a 12.7% drop (St Legers was 16th Sep) 829 to 724.
But to repeat 2023 you'd have to have in 2024 a/ a mini banking crisis b/ high inflation and expectation of rising rates c/ expectations of recession and stagflation.. a hard landing which was "inevitable" d/ A housing crisis in China and risk of contagion e/ Escalation of the Ukrainian war f/ Aftermath of a supply chain crisis
"Evitar" means to avoid so "inevitable" was not the case. In 2024 there is no hard landing, at least not yet, in fact the landing has been surprisingly soft. There's falling inflation (at least till now), no rising rates (yet) and cuts (potentially), China's housing crisis is contained and their non-housing economy is very robust.
Arguably the risk of war and tensions has increased but the key stories that worried the world in 2023 have receded which is why I don't believe we'll see a repeat of 2023.
Thx
Completely agree although just by thinking 50% of world has elections in 2024
…which makes me nervous for 2025
(I’m the worrying sort)