Tertiary Minerals (TYM) has always been one of those companies that has promised a lot based on the potential of its resources in the ground, yet never seems to make much progress towards actually extracting any of them, whilst burning through cash and having to raise more at regular intervals.
Shares in airlines have been hammered recently with concerns over demand during a cost of living crisis, as well as rising costs of running these businesses, but I’m not convinced that things are quite as bad as the markets seem to be factoring in.
Caerus Mineral Resources (CMRS) is a company that I tipped as a speculative buy when it IPO’d, and after initially performing well, the share price has since crashed.
Back in March, at the request of a ShareProphets reader, I took a look at Capital Metals (CMET) and noted that although the company and its resource didn’t really appeal to me personally, I could see some potential there if and when it reached production.
With the recent weakness in the prices of some commodities, including copper, many junior miners at the pre-production stage have seen their share prices drop substantially. That has definitely been the case with US copper explorer Phoenix Copper (PXC) which was trading at close to 70p earlier this year, but has since gradually slid all the way back down to a current price of just 20p, and without any company specific news really justifying it.
With the recent weakness in the prices of some commodities, including copper, many junior miners at the pre-production stage have seen their share price drop substantially.
With the recent weakness in the prices of some commodities, including copper, many junior miners at the pre-production stage have seen their share price drop substantially.
With the recent weakness in the prices of some commodities, including copper, many junior miners at the pre-production stage have seen their share price drop substantially.
Petrofac (PFC) definitely had its fair share of problems and scandals in recent years, but that all now seems to be behind it, and the sector that it operates in should perform strongly in the coming years.
Whilst I’m generally wary of investing in small oil and gas companies, occasionally one comes along that appears to be in the right place, at the right time, and with the right assets and management team.
