Our Q&As are emailed in our Saturday Morning Report, find the answer to this question below.
Hi James and Team Can I have your current view on Bowen Coking Coal and Global Lithium. Both significantly down. Will you be considering averaging down on GL1 especially if you feel this is the beginning of the end for the lithium bear market? regards Debbie
Hi Debbie,
Two pain points in the Emerging Companies Portfolio to cover here.
Bowen Coking Coal (BCB) – we continue to like coal near term and see a number of improvements coming through from an operational perspective at BCB. The share price weakness remains frustrating but we are confident Bowen is starting to put their issues to bed and an improvement is on the way.
Global Lithium (GL1) – the sector has been beaten up throughout the last ~12 months. We have bought Pilbara (PLS) in the Active Growth Portfolio as a more contrarian play. We expect to see an unwind of some of the bearish positioning towards lithium near term but it would take a more significant about turn in the fortunes of the sector before we considered increasing our position in GL1. We’re a hold on both for now.
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