Flagship Growth Portfolio: IGO Ltd (IGO) & Mineral Resources (MIN) ~7% portfolio weighting although MIN has a major % of its earnings from iron ore.
Emerging Companies Portfolio: Global Lithium (GL1) ~4% portfolio weighting.
International Portfolio: No holdings however we are doing some work on an interesting Solar company to be discussed next week.
Again this positioning reflects our stance towards the future of “green energy” such as the already prevalent EVs but as we are witnessing at present it’s important to enter at a reasonable price with leading lithium player Pilbara Minerals (PLS) having already corrected over 40%.
- The ESG space has been trending on major bullish/bearish swings in sentiment plus of course the underlying lithium price.
- When we believe the sector has turned/bottomed MM will add to our existing positions with IGO on our radar for the Growth Portfolio and re-entry back into PLS for the Emerging Companies – we sold it back in November above at $5.50.
MM remains long and bullish in the ESG space.
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