Post by
pepperino on Mar 12, 2024 4:24pm
Troilus post on X (Twitter) from an hour ago.
"In a recent interview, John Hathaway, Managing Partner at Sprott and Senior Portfolio Manager at Sprott Asset Management USA, addressed the disconnect between gold prices and gold stocks, attributing it to factors like passive investing and the rise of gold-backed ETFs. Despite historic highs in gold prices, gold mining equities have been overshadowed. Hathaway emphasized the need for a higher gold price and market reversion to unlock value in the industry. He also highlighted the relatively good performance of mid to smaller-cap gold mining stocks in stable jurisdictions and the importance of management ownership and alignment with shareholders, while touching on the potential for more mergers and acquisitions due to depleted reserves and underinvestment in exploration."
Comment by
pepperino on Mar 12, 2024 4:26pm
Interesting message. Not sure if there is a hidden meaning, or not.
Comment by
Hundo22 on Mar 12, 2024 4:36pm
I wouldn't read to much into it. If there is than damn, but I'd be coping .