after the corona break and 1 year some special event without the usual masses of private investors, the old precious metals fair aka edelmetallmesse is back in town. unfortunately, it was extremely badly organized, so the most investors even did not knew there is a show in the city and the very few who knew have had extreme difficulties to find the entry to the 'kleine olympiahalle' located below a green lawn as there was not a single poster or sign outside the hall and also none in the whole olympiapark area. well, i would guess we've had just 10% of the usual crowd out there. it is really sad for the attended mining companies who pay a price for a booth there and then have almost no visitors ...
i was there for 3 hours, met some old friends, didnt attend a single speach / presentation at their 2 always almost empty stages and presented that badly promoted event to my father who visits me in munich. anyway, i've bought few more junior mining shares next week:
- MMG ~ metallic minerals corp. ~ recommendation of my long time investment buddy, axino's CEO wolfgang seybold. let's start a small position and watch its development ~ price per share incl. broker's fee 0.38 cad
- PINN ~ pinnacle silver and gold ~ i like its CEO robert archer. he was the former CEO of great panther silver till 2017, later a board member and thus co-responsible for its bankruptcy/CCAA in 2022. unfortunatelly, great panther was one of my quite big silver mining positions and belongs to my top 3 failures up to date (to make a long sad story short: the new CEO invested in a gold mine in brasil and it went wrong). btw, the up to date performance of pinnacle (former newrange) i've bought 2 years ago is a catastrophy as well. for some reason i wanted to increase my stake to a round number of shares and average down my share price ~ price per share incl. broker's fee 0.124 cad
- GMX ~ globex mining ~ i like the CEO jack stoch and the globex guys a lot even if the share price of this debt free company with huge portfolio of small mining properties does not develop very good (lower than most mining indexes, i suppose) ~ price per share incl. broker's fee 1.6 cad
- PTX ~ ptx metals ~ i spoke to its CEO for very short time. i didnt wait for any info abt the company and told i'll look up the company on the internet later .... i've took his bussinss card ... and just out of good mood decided to start a very small position and watch its development in my portfolio ~ price per share incl. broker's fee 0.103 cad
- SVE ~ silver one ~ price per share incl. broker's fee 0.382 cad
- SVRS ~ silver storm mining ~ price per share incl. broker's fee 0.26 cad
- AGI ~ alamos gold ~ a really profitable major mining company. one of its mines is located close to the SVE (or was it SVRS?) assets ... and therefore do the SVE / SVRS guys think their assets are a great opportunity 😀 ~ price per share incl. broker's fee 49.5 cad
- QIM ~ quimbaya gold ~ canadian gold explorer with projects in colombia ~ price per share incl. broker's fee 0.88 cad
- FNV ~ franco nevada ~ extremely profitable (gold) streaming company. do you know what streaming or a royalty company in the mining sector means? this are companies which provide cash to explorers or junior mining companies which help them to develop a mine. in turn they'll earn a net smelter royalty (NSR) of usually 2%-5% or a stream of gold/silver/copper/etc. at extremely favorable conditions for the entire mine life. this is usually a win win situalion for both parties of such an agreement. other big + well known streaming companies are e.g. wheaton precious metals (WPN), sandstorm gold (SSL). there is also the quite struggling gold royalty corp (GROY) in my portfolio which took over my phenomenally well performing 'atibiti royalties' (symbol RZZ, it was a spin-off from golden valley mines) many years ago. stupid me before (= my old me), i didnt increase my stake in atibity just not to 'destroy' the crazy profit percentage by adding more shares at higher prices ... how irrationaly stupid can an investor act, wouldnt you say? 😇~ FNV price per share incl. broker's fee 206.93 usd
- --------------------------------------------------------------------------------------------------
- --- i've minimaly increased my existing positions in u.s. tech stocks ---
- --------------------------------------------------------------------------------------------------
- AMZN ~ amazon ~ i've bought it just by mistake. i was thinking about google and the stock prices were quite similar 😄 ~ price per share incl. broker's fee 221.7 usd
- GOOGL ~ google aka alphabet ~ price per share incl. broker's fee 250.5 usd
- AVGO ~ broadcom inc. ~ price per share incl. broker's fee 241 usd
- POET ~ poet technologies ~ a new investment for me ~ some optical modules for AI and hyperscale computing centers ~ price per share incl. broker's fee 8.61 usd
- ------------------------------------------
- --- end of shopping fever ---
- ------------------------------------------
the main (and my only) picture about this years'
precious metals fair in munich in october 2025
olympiapark / olympiazentrum in munich (münchen)
eof
No comments:
Post a Comment