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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