Following the recent divestment of its South African coal asset S32 has added $200m to its capital management program, simply we see nothing not to like in this diversified metals and mining company with the potential exception of the price. Another ~6% lower and we believe MM will start at least accumulate this ‘reflation proxy’.
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Performance update for March, stocks that drove returns & our current positioning
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Friday 26th April – ASX200 -101pts, Newmont (NEM), Resmed (RMD) & Super Retail (SUL)
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Market Matters Research Lead Shawn Hickman with David Koch
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MM likes S32 around $2.70
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