RE: Quick question.29 Oct 2025 13:27
OSD, I look forward to Sunday's sermon on the subject of QBT, Gardin, false gods and warning against the worship thereof.
I hesitate to give a maestro like you investment advice, and at present I am building cash having positioned myself heavily overweight in precious metals and PM miners between 12 and 24 months ago, but a couple of things you might usefully put on your watchlist are Mc Ewen Mining for the next 5-10 years and, on any decent pullback, the Uranium sector. I bought a fair bit there too when the sector was bombed out and was delighted to see Cameco up 20% today (taking my current return to 7X, though no profit has been made until the shares are sold and the proceeds banked, of course), and inevitably wished I had bought more! I think it a bit high to be attractive at present though. i am very tempted to sell in the hope of getting back in lower (as I did with Fresnillo), but it is a mad market at present and such round tripping is a bit of a gamble - best I think not to be too greedy, and to be content with modest reductions of capital committed on the ales and buy backs.
Anyhow, there are a few ideas for you.
Safer though just to buy something like BRWM (currently still trading at a discount to NAV, I think) or an ETF if you have no real expertise in the sector. Certainly don't buy junior miners unless you thoroughly understand the capital structure (mostly heavily weighted in favour of insiders and market heavyweights with options, warrants and convertible loans whose capital is safeguarded to a degree in the event of failure and yet scoop the pool if the company is successful while the ordinary shareholders take most of the risks), as well as a thorough understanding of the the asset, the local infrastructure, and hoops to be negotiated and capital required to production - don't fall for any of the many 'an opportunity to buy gold at $3 an oz pumps' - there is a world of difference between ore which is (or maybe) in the ground and a kruger in your back pocket!