jimbobGR
- 01 Dec 2005 08:36
Inflation fears mean gold miners could be profitable, my personally suggestion is Serabi Mining, already a producer and extremely active exploration in Brazil.
davidcornish
- 02 Dec 2005 09:21
- 10 of 11
Dear stockbunny - agree with your thinking - any thoughts on Minmet?
stockbunny
- 02 Dec 2005 10:02
- 11 of 11
Minmet is not one I know a great deal about but have looked it up quickly.
Listed on the Irish exchange but also listed here now presumably or due to
list on AIM. Interests - exploration and activity - is very widely spread (Sweden to Texas to Brazil) as are the core focuses, it's not just gold mining but also oil and gas. Personally it's not my kind of mining company - highs back in 2000/2001
of around 40p now back to levels of late 90's sub 5p - a value that makes me
very very nervous I have to say.
Gut reaction - oil and gold as we know are sky high pricewise, yet the company
is not showing a high share price - I'd want to look at why frankly.
Such a geographical/focus spread...ok not unknown in this field but it seems a lot for a relatively small player against the big diverse mining houses.
Bottom line - go with your instincts and research it, just because it doesn't
appeal to me doesn't mean it's not a good solid company with a good future.
Good luck! :>)