RE: World view29 Feb 2024 18:46
He appears to have a heavy focus on Africa and as mentioned by the interviewer "is 2024 going to be another poor year for mining" which its not looking so grand unless China really picks up. It all looks a bit static for a while for the green metals despite all the hype. After I pulled out of JLP, THS, SLP, Impala, Northam etc. I started to look for those metal/mining companies with lower P/E and growing cash generation. JLP has a fwd looking P/E of 7.1 and ranks on P/E as 22nd out of 45 metals/mining group, THS 3.5 P/E 7th of 45 companies, SLP 5.3 P/E 13th of 45. Impala 11 P/E, Northam Platinum 16.5. So decided looking elsewhere out of Africa and took a punt on MTL P/E 2.7 up 9% today and 121% over the year. I've made money on all the others (not always) at different times, but for me the real gains will be elsewhere for the next 12 months. Plenty of time to buy back in to JLP later as it appears to have a fair plan for the future.