GOLD 0.51% $1,391.7 gold futures

You probably know better than me; however, the market is not...

  1. 2,210 Posts.
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    You probably know better than me; however, the market is not always rational when it comes to valuations. Analysts often promote speculative companies in high risk countries over similarly potentialled companies in ‘safer’ domains. If all goes well, they can become bigger ‘heroes’. I now will not invest in mining companies with high ‘sovereign risk’, no matter how strongly the case. You either have the stomach for it or not, or, the money for it or not.

    You are right though, it is a hard metric to value. Maybe just a ‘low to high’ sovereign risk classification which can be matched against your charts when considering which companies to invest in.

    I was perplexed as to why Dacian (I’m not a holder) wasn’t included in your analysis since it had been a huge performer in price (2016-17). I then realised it’s an exploration/development Company (as against your producers) and as such it has had quite a premium applied to it for its resources and reserves.

    Cheers ...
    Cazzex
 
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