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Anybody else buying junior producing miners?
Posted:
Tue Mar 11, 2014 1:01 amby DTEJD1997
Hey all:
As a whole, I think the market is pretty frothy.
HOWEVER, some of the miners are just screaming bargains, especially the junior producers.
I'm finding some trading in SINGLE digit P/E's, discount to book value, little to no debt, and some even paying nice dividends!
This is especially the case if you are willing to go with miners in jurisdictions outside North America.
Any thoughts?
Re: Anybody else buying junior producing miners?
Posted:
Tue Mar 11, 2014 6:24 amby reddirtcoins
Me!... I think now is the time for people to be getting into anything mine related. Sure there is risk but, when you know the bottom is here or near now is the time. Call me crazy but, I'm in.... I just wish I could do more but I'm putting a little in each month.
Re: Anybody else buying junior producing miners?
Posted:
Tue Mar 11, 2014 8:40 amby Hawkeye
This might be a stupid question, but I have little to no experience in this area and am interested in learning. Where would I get information about these companies and what am I looking for when it comes to investing in them?
Re: Anybody else buying junior producing miners?
Posted:
Tue Mar 11, 2014 4:36 pmby DTEJD1997
Hawkeye:
OK, I'll let you in on a few secret tricks that I use....
A). The company website. They will have their most recent quarterly & annual reports. Frequently they have links to analysts who cover them.
B). Seeking Alpha. They cover a lot of juniors. Take everything on this site with a hefty grain of salt.
C). The "YouTube". Believe it or NOT! I never thought of it till I was told. Many companies have their CEO or CFO being interviewed about quarterly results, mine results, important events, on video which is then posted to YouTube.
If you use these 3 sites to your advantage, you are most of the way to getting a very thorough vetting of the company...