What’s MM’s thoughts on Star Entertainment (SGR) over the years ahead?

Hi Sidney,

Obviously 4 very different stocks here so please excuse our brevity:

1. Star Entertainment (SGR) 60c – we still see no reason to consider the stock, this attitude has saved us significant losses through 2022/23. The thesis for owning SGR would be about the value of their property, but its hard to see how this value would be released any time soon.
2. Chalice Mining (CHN) $2.19 – this nickel-copper explorer, and future miner has tumbled ~65% in 2023 and although insiders have been accumulating into weakness it’s not on our radar.
3. Growth Properties (GOZ) $2.17 – this real estate investment trust has fallen -27% in in 2023 breaking below its GFC low in the process, again not for us.
4. Perseus Mining (PRU) $1.635 – this gold miner/explorer is testing its 2023 lows this week, we like the space but currently prefer SLR in the smaller end of town.

NB It’s not often MM will consider catching falling knifes such as these 4 names.

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Star Entertainment Group (SGR)

LAST UPDATED 28/09/2023 15:55

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Star Entertainment Group (SGR)

LAST UPDATED 28/09/2023 15:55