Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
There was some profit taking going on today which will have held the price back. SP could have easily have been higher on such an excellent update. Maybe the buyers will return tomorrow.
12m Forecast Rolling PE Ratio (f) 4.5. Metals Exploration's PE Ratio (f) is ranked 5th out of 44 companies in the Metals & Mining market.
Thanks DRced. I've taken a look and bought a few AWE. Maybe its due for a rebound since its recent slightly disappointing results. I notice on Stockpe... it meets the long screen of "R&D Breakthroughs" is a quality investing strategy inspired by a screen devised by Jack Hough. Forecasts, for what they are worth, indicates a target price 72% above present on Stockp. In the pink newspaper its "The 3 analysts offering 12 month price targets for Alphawave IP Group PLC have a median target of 189.74, with a high estimate of 268.99 and a low estimate of 151.31. The median estimate represents a 61.07% increase from the last price of 117.80". First time that I've read much about chiplets as opposed to chips.
I only bought DARK on Thursday afternoon and happy to have made a profit. Sold this morning as I don't see much upside from here, and probably better off investing elsewhere. I've been looking to find a similar company with AI credentials, but not already inside a larger company.....
Of the Gold mining companies sill have very low P/Es whilst their revenues are kicking-up dramatically.
A not unexpected drop in the price of gold over the last couple of days (not just because of Israel/Iran going quiet, but the laws of gravity coming to play) has resulted in some buying opportunities for those who have hedged their bets with physical bullion holdings, and the multiplier of Gold mining shares.
82% since buying first batch in August 2023. When comparing performance figures for HOC against multiple other Gold miners of medium to substantial size it comes out tops, though with some of the smaller companies possibly MTL may present some outstanding gains from the very active position that they are in at present.
Appears to be a industrial recovery underway in China and USA which will help boost the value of companies involved in PGMs. I'm up 20% since buying back-in on 20th March. SLP, JLP, and THS have all started upwards since 4th March. Non UK companies such as Anglo American AAL and Sibanye Stillwater SBSW are behaving similarly.
Tangible Gold. Gold's impact in a bigger picture involves who owns it, the USA at Bretton Woods in 1944 had the reserves and could call how the future would be i.e. the Dollar was backed by Gold. Being a reserve currency bestows many bonuses. Russia is actively trying to reduce trade using Dollars. China resents the Dollar's reserve currency status and the free gifts that it bestows, such as exporting its inflation. China despite its statements re owning only 2,000T of Gold probably has around 30,000 T looking at past purchases and their own production which is not available for export. Gold is where it is at when the day ends.
Sliced today and sold 152,833 shares at 24.7572p. Nobody can predict world events and there's been a hell of an upwards run, so its probably prudent to take some profits. Sliced a few of several other Gold miners today; with the thought that a retrace may bring a dip worth buying into. Who knows what will happen?
The rolling P/E for PAF is 5.9 compared to 12.8 for EDV.
PAF meets three of the long screens on Stockp.... whilst EDV doesn't meet any, though there's a case for holding EDV as well as other Gold miners as it appears that the rising tide is lifting all ships at the moment. There's an excellent article in Bloomb.... this evening "The Gold Market Hunts for Answers Behind Bullion’s Sudden Surge" which explores all the possible reasons for Golds rise, there are more than a few, but none really definitive.
Its been reported in one of the financial papers that Hedge funds "boosted bullish bets on gold to the highest in four years" as the price of Gold soars.
"Net-long positions in US bullion futures and options surged 13% in the week ended April 2 to the highest since 2020" according to data released on Friday.