RE: Bottleneck5 May 2021 00:25
I am very happy with my CAML investment. There is obviously going to be a lag from the price of copper to the share price. At a basic level, we have months until the next dividend is announced, and only then will we (hopefully) get a slice of the pie. You have to remember that mining is risky, look at what happened to CAML last year, with the tailings issue. We don't know what they have planned for the surplus cash either. I would hope every month in the bag, incident free should see 10 points added to the SP.
Its funny, and horses for courses, but I sold my FXPO today, as I felt that the SP might be over valued. I bought in high and didn't want to be out of pocket on a retrace. Was happy with a quick small profit. I feel this is a far safer investment, even if equities cool off a bit, since the share price has not raced ahead, you would hope that it can hold its ground better.
Happy to let this grow steady. I am going to keep adding here on any dips. Hopefully the company performance will do the talking here, not just the price of copper.