Originally Posted by
muss1
Thanks JB. All positions I've initiated in this portfolio came off the back of significant drops in SP. I enjoy buying when others are fearing the worst, so I think we are on the same page.
I am admittedly a novice when it comes to resources. I recently bought into a debt free cashed up gold miner/explorer (my horizon is long term so I waited for the breakout of the last few years downtrend before getting in). I've been watching the sector for years waiting for a turnaround in the gold price.
I'm looking into other resources too, so I'll see how I get on. As I said I'm still learning about the sector so bound to make some mistakes. From what I see the key things are no debt and cash and the ability for the company to survive if the commodity price remains subdued.
Do you usually focus on the smaller miners?