By Malcolm Stacey | Saturday 11 July 2020
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Hello Share Chasers. You'll know that Uncle Tom has arranged a new online share show for next weekend (Saturday, July 18). This one is dedicated to mining. And, being Tom, he’s managed to assemble a collection of friends and colleagues, who happen to be the country’s best mining investment experts. This is good because, just like oil exploration used to be, choosing the right miner to invest in can benefit your portfolio valuation possibly more than any other strategy.
However, buying shares in mining ventures is more hazardous than most sectors. Yet, it’s not a matter of guesswork, but of having some technical knowledge of the mining game, too. You need to know how much and what grade of ore there is in a sample, for instance. And whether that amount makes for a viable mine? And how difficult it is to shift stuff from a remote area?
There’s no point in starting a mine - a hugely expensive operation - if engineers tell you the tiny amount of stuff to be mined isn’t worth the effort. If you’re a general investor, like most of us, you won’t have an inkling to which mines will come up with the goods and which won’t.
It’s no good relying on mining companies to tell you. It’s too easy to blind us with science and jargon. Advertising copywriters will tell you that they can make any old rubbish seem enticing. You don't have to tell lies, just know how to use words.
If you support Tom’s mining share show, you’ll get some red hot tips, based on facts, not hopes. You’ll hear from the best names in the business. Not PR people, but top mine investors and shorters. They’ll tell you which outfits to avoid, too. And there are loads of those.
Lots of us want to know about gold at the moment. We fear the coming recession and would like to hedge our bets. But not all gold miners are going to profitable. A lot, despite their enthusiasm, won't find the glittery stuff at all. And what about lithium? Plenty of companies extolling that stuff? Is the hype justified? You know many more examples of mined materials that are hidden in a jargonistic fug. Let’s sort the wealth from the chaff by parting with a measly £3 for this very special event.
Or you could just be faineant and give up on mining shares altogether. But then you’ll miss a rare chance to make big bucks in a very volatile sector.
And now it’s time for the Punter’s Return. God bless.
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