Just come across on my "X" feed that silver was the best performer of any investment for the first 6 months of 2024. Crypto was not included.
I thought I would compare the silver companies I list in my spreadsheet against silvers performance. There are 3 companies that have not increased their share price in the 6 months where silver has rallied 23.04%. Interestingly, all 3 have a large base metals resource. It appears that silver bulls are more attracted to the companies controlling a larger percentage of their resource in PMs.
The management of the three companies in red need to get their respective stories out to the public in a more efficient way. Nothing promotes a company better than substantial news flow like drill and assay results and scoping studies or in BMLs and SVLs case, finance and FID. Unfortunately, I hold 2 of the 3 reds.
The yellow column with the ticks is highlighting those companies that have outperformed the increase in silver by 2x, which is the bare minimum in a silver bull. SS1 have half the amount of shares available to trade compared to MMA but consistently average 1M shares traded (60M shares Vs $110M shares). Maybe MMA management need to compare what SS1s management are doing that is different to their own methods in promoting its project.
I have an investment in the TSX and it and along with a lot of stocks I follow are up 20%-30% for this week. The ASX stocks have been pathetic and that is putting it mildly. Let's see what Monday brings.
