Dear Friend,
It feels like forever since my last published issue. I looked back over that final portfolio the other day. Some of those ideas did very, very well. We nailed the timing on some of the big copper companies. For example:
- Freeport McMoRan (May 6, 2020: $8.80 to over $48 today)
- Ivanhoe Mines (May 11, 2020: $2.69 to over $11 today)
- Teck Resources (May 13, 2020: $8.80 to over $48 today)
We also saw major gold miner Newcrest acquire our old friends at Pretium. That's a company I followed from start to finish. I visited the project back when it was just an exploration project. It was deeply satisfying to see our research affirmed by Newcrest's geologists.
I hope you benefited from some (or all) of those ideas!
I know from recent emails that many of you wish I were writing a letter today. And I have some good news for you. The first research project we will launch with Mangrove Investor is called "New Energy".
The research will target investment ideas in the current energy transition. As global electrification continues, our portfolio needs to adapt to take advantage. That means new ideas, new commodities, and new technologies.
The good news is, we are taking the same diligent approach to research. We will still take that top-down methodology - find the sector, identify the players, and target the companies that we feel have the best potential for investment.
If that sounds like the kind of research you would like to read, then get ready! We will be rolling out New Energy soon! And you will be the first ones we tell.
So, keep an eye on your inbox. You should see a new video from me, shortly.
I'm really excited to get this rolling!
Best Regards,
Matt Badiali
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