Enjoying the accretion on S32 sooner than expected... Good...

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Exised

6,099 Posts.

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11/01/24

16:19

Post #: 71835472
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Originally posted by Exised: ↑

I've been accused of humblebragging in the past Post #:68555421. So I won't be positing how much S32 I own. I think as a retail, It is pretty decent. This is the top 5 largest holding in the ASX portfolio Post #:68279985. As you can see 4 out of the top 5 are miners. S32 is way outside the top 10. With BHP in the top 5, I received a substantial parcel of S32 when the chip fell off the old block. To this day I regret not keeping my S32 allocation and have had to rebuild it in the portfolio over the years. I was of the mind frame that if BHP did not want the S32 assets why on earth would I want it in the portfolio...That is my loss for the lack of foresight in S32.

At the end of the day it is horses for courses. BHP, RIO and FMG is salient to me personally. Mainly because they've been in the portfolio the longest. BHP If I count the OZL shares, would have been in the portfolio for couple of decades, in fact I can trace it all the way to the Zinifex days. Here comes the crux; when it comes to fundamentally sound miners we are spoilt for choice in the ASX. This makes it hard to separate the wheat from the chaff and all we can do is make our best call for the sake of the portfolio long term. That is why I do stand by what I said above. If you buy S32 here with a longer term horizon 3+ years then probability is we will enjoy accretion within that investment timeframe.

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Enjoying the accretion on S32 sooner than expected...
Good accretion on a day where my other cornerstone miners (FMG, BHP and RIO) are in the red makes it priceless.

Congrats to those who bought as close to the $3 lows.

Last edited by Exised: 11/01/24

S32 Price at posting: $3.55 Sentiment: Buy Disclosure: Held
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0 Great analysis

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