FCM Portfolio Overview, Part I.
We have been buying Barrick aggressively. It now represents 6% of the precious metals fund. The company’s $1B share buyback program, 2.4% yield, multi-$B debt reduction, robust capital…
Tag: Platinum
Current Gold, Silver and Platinum Edges
INSTRUMENT EDGE BETTING POSTURE Gold* -2.76% HOLD Silver 4% BET LONG Platinum 6% BET LONG VERSION: VBE071220PRODDATE: 31 AUGUST 2021EDGE: > 0% = ACTIONABLE *A significant gold betting…
NuChemICF : Current Discounts (Updated, 9/16)
NAME DISCOUNT WEIGHTING FIRST MAJESTIC SILVER 60% 5% ARGONAUT GOLD 50% 4% AURCANA CORPORATION 38% 6% YAMANA GOLD 62% 3% BEAR CREEK MINING 58% 3% COEUR MINING 67%…
If you don’t have anything nice to say, don’t say anything at all.
Fahy Capital Management has weathered the downturn well, with a loss of a mere 2.6% (Now up 28% in absolute terms as of April 20, 2020). And because…
$SBGL : Sibanye-Stillwater Updated High Level Analysis
5 November 2019 Updated Global Reserve Model Discounted Global Gold Reserve Value * $3,704,036,400 Discounted Global 4PE Reserve Value ** $16,582,170,000 Discounted Global 4PE Reserve Value, Lonmin ***…
Early Q4 Updates
$IMPUY — We exited Impala Platinum Holdings at our target of $7 for a return of 150%. $FCUUF — We doubled our stake in Fission Uranium on 22…
Q2 Updates
In Q2, we reduced our exposure to uranium and increased our exposure to gold, silver and agriculture; our allocations to platinum and rare earths remain unchanged. At Fahy…
$SBGL : Shrewd Moves from Froneman
Sibanye-Stillwater to mothball, close four gold shafts, but limits job cuts to 3,450… Shafts that didn’t escape the cull were Beatrix 1 shaft in the Free State, which…
Sibanye-Stillwater: If We Had an Audience with Froneman, This is What We Would Say
We respect Neal Froneman and we respect his bold bets. His strategy is not a complex one: buy countercyclically. The Rustenburg, Acquarius and Stillwater deals were good ones,…
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