Q&A for Sat Weekend report – STA and ETPMAG
Hi James & Team STA- Strandline has reached a new high this week -40c What is your current view and valuation for STA. Like your view on gold are you bullish silver? I hold the ETPMAG ETF. Regards Debbie
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Answer
Hi Debbie,
We like Strandline (STA) and own it in the Emerging Companies Portfolio. The market was concerned about it delivering on it’s optimistic mineral sands project, however it has met each milestone it has outlined to date hence the traction in the share price. We remain positive and will continue to hold as long as they continue to meet their development targets.
With regard to silver, we remain long and bullish precious metals but this position is highly correlated to our contrarian view that bond yields are looking for a top for 2022 – no failure yet!
