Momentum: The Marker That Matters
June 5th, 2015 by Gwen Preston
The 12 Top Pick
companies at the Metals Investor Forum all share an essential trait: momentum.
Despite all that the markets have thrown at them, they continue to
pragmatically advance their projects towards increased shareholder value.
Last Saturday
was the best day I’ve had in mining in a long time.
It was the
Metals Investor Forum. Put on by Eric Coffin and myself (plus a great
behind-the-scenes team) and co-hosted by fellow newsletter writers Brien Lundin
and John Kaiser, the Forum brought together 12 Top Pick companies from our
respective portfolios.
Everyone in
attendance likely came already believing this sector offers significant upside,
given that mining has been beaten down for years and reliably cycles back up.
But the energy
in the room built as the day went on and, after a week thinking about it, I
understand why.
It is one thing
to believe it is generally time to invest in metals. It’s another to identify
the specific stocks that will move first and farthest when the rally arrives.
To be in that position
a company needs more than a good project. It needs momentum – the one thing
that has been hardest to maintain during this long bear market.
Hard, but not
impossible. The 12 companies that presented on Saturday all have momentum,
achieved in different ways including adaptability, financial prudence,
tenacity, and opportunism.
We heard from
explorers who have consolidated land packages, mined historic data, and
advanced discoveries despite challenging markets.
We heard from
developers who found ways to advance against the tide or adapted plans to suit
today’s market realities, both of which mean they now have assets positioned
for the rally.
We heard from
producers who guarded cash in the downturn, rendering them able today to
explore organic upside and take advantage of acquisition opportunities.
And we heard
from new groups custom-designed to take advantage of today’s market realities.
Investors
attending the Forum were unguardedly excited to hear so many strong stories.
Representatives from each company were glad to get updated on other good
stories – the bear market means many have their heads down, focusing on their
work and not looking around for encouragement. Finding encouragement in the
form of other strong teams, good assets, and pragmatic approaches gave everyone
a lift..
Quelle: euroswiss-capital.com
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