I think fundamentals of mining has changed. May be we are still waiting for glory days of gold mining to return. In the past when iron ore was USD 20 ton, oil was USD 20 barrel and other metals were cheap then gold was the king. But with China's rise and carbon conscious world gold mining companies may be valued differently.
other day to get better short term return I have sold 10,000 Nst and 50000 rrl shares and bought 4500 bhp.
excluding capital gain but divi income from shares 4500 BHP @ $2 = $9000
if I hold Nst and rrl then it's only $3500. This is not one half year issue. It has been like this for last few years. I think maybe this is the case for next few years as well.
all this money printing has created an asset bubble. Companies like FMG, bhp, s32, Rio, pls etc Minting money and gold mining companies investors are still waiting and for how long?
i still own plenty of rrl and gcy shares.
dyor & IMO
RRL Price at posting:
$1.99 Sentiment: Buy Disclosure: Held
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