Commodity prices have started to cool – with the exception of one industrial metal that is in short supply but is an essential ingredient in almost everything. Dominic Frisby picks the best ways to invest in copper.
LSE-AIM, I'd agree with the analogy about mines & liars.
I've only recently started sniffing around these parts again, I turned my back on LSE and AIM listed small caps in about 2008 / 2009.
With exception of a handful of dual listed large caps, (e.g. BHP), I gave up, in favour of North American large caps.
As you highlighted in the tin report, so many of these companies on AIM are run by shysters, with nothing but contempt for the shareholders.
Often, the retail shareholders are elbowed out, by a variety of methods, e.g. high interest loans & bond issues which can't be met, share options, penny in the pound takeouts, transfers & sales of assets to affiliate cos etc etc - the end result that the original shareholders get fleeced and end up owning nothing.
Sure, some of these cos probably start with the best intentions & simply end in financial difficulties - but others, I doubt had any intention of taking the original shareholders anywhere other than the cleaners. Sad thing is, the same names keep cropping up, often in multiple companies at the same time.
What is Stephen Dattels up to these days?
Even some of the quality projects like Sirius Woodsmith mine (despite being in the most expensive jurisdiction on the planet), looked promising - where are the original shareholders? who owns it now?
Apologies for the rant - be careful out there. Keep up the good work!
(With regard to copper, I currently hold, FCX, BHP, VALE, AAL, RIO)
VALE is primarily iron ore & pellets, but the nickel segment in particular, given where we are, is NOT insignificant, they have a record for distributing free cash to shareholders.
LSE-AIM, I'd agree with the analogy about mines & liars.
I've only recently started sniffing around these parts again, I turned my back on LSE and AIM listed small caps in about 2008 / 2009.
With exception of a handful of dual listed large caps, (e.g. BHP), I gave up, in favour of North American large caps.
As you highlighted in the tin report, so many of these companies on AIM are run by shysters, with nothing but contempt for the shareholders.
Often, the retail shareholders are elbowed out, by a variety of methods, e.g. high interest loans & bond issues which can't be met, share options, penny in the pound takeouts, transfers & sales of assets to affiliate cos etc etc - the end result that the original shareholders get fleeced and end up owning nothing.
Sure, some of these cos probably start with the best intentions & simply end in financial difficulties - but others, I doubt had any intention of taking the original shareholders anywhere other than the cleaners. Sad thing is, the same names keep cropping up, often in multiple companies at the same time.
What is Stephen Dattels up to these days?
Even some of the quality projects like Sirius Woodsmith mine (despite being in the most expensive jurisdiction on the planet), looked promising - where are the original shareholders? who owns it now?
Apologies for the rant - be careful out there. Keep up the good work!
(With regard to copper, I currently hold, FCX, BHP, VALE, AAL, RIO)
VALE is primarily iron ore & pellets, but the nickel segment in particular, given where we are, is NOT insignificant, they have a record for distributing free cash to shareholders.