I am reviewing my mining and mining contracting stocks in the face of what seems to be the likely higher price of oil for an extended period.
I am not in the habit of looking deeply into the coys that I own - just a lazy bugger I suppose, although my experience is if I look too closely I get too attached, which makes selling to stem capital loss even more difficult!
Crazy days in the market recently, I am reminded of the stupid COVID years when fundamentals went out the door.
My feeling is I should get out of mining contracting stocks I own, LYL and a recent GNG purchase. If they have contracts that allow for revision due to higher fuel costs then I need not panic.
What do you think?
Cheers,
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|
Last
$12.96 |
Change
0.000(0.00%) |
Mkt cap ! $506.7M | |||
| Open | High | Low | Volume |
| $13.06 | $13.14 | $12.96 | 8.846K |
Buyers (Bids)
| Vol. | Price($) |
|---|---|
| 1872 | $12.95 |
Sellers (Offers)
| Price($) | Vol. |
|---|---|
| $13.07 | 2410 |
| Last trade - 16.11pm 16/04/2026 (20 minute delay) ? |
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Nicholas Rathjen, Managing Director
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