"Sprott Equity ist schon interessant jedoch wenn ich lese das 2 absolute Versageaktien mit Euro Sun und Signal Gold empfohlen werden wo das Management komplett versagt hat dann muss ich mir ernsthaft an den Kopf fassen."
Auch Analysten können sich irren. Die Auswahl von guten Unternehmen ist nicht einfach.
Mark Twain is credited with saying “a gold mine is a hole in the ground with a liar standing over it.” Translation: You can’t always trust a company to tell the truth, the whole truth, and nothing but the truth. Even without the promoter hazards, mining stocks are a higher-risk proposition than the average S&P 500 stock… Only one in several thousand exploration projects ever becomes a mine. Analyzing a mining company requires an entirely different method than used to evaluate a tech stock or corporate bond. Even professional mining stock analysts don’t always pick winners. Those realities can make mining stock investing tricky. Don’t let that discourage you.
While it’s impossible to share everything I’ve learned over the years, there is a basic method that is always my starting point. It’s a method I encourage you to adopt as your own…
The 3 Legs of the Stool
A stool can’t stand upright without 3 legs. Remove one and it topples over.
The same analogy applies to investing in a mining company.
There are three fundamental pillars that support successful mining companies. If one of these core criteria is missing, or if conditions change for the worse—your investment can fail.
The three legs for a mining company are:
- People
- Politics
- Property
And I do mean in that order.
When I first hear about a mining stock that someone’s excited about, it’s invariably talk of “killer” drill holes or a prospective project.
That’s all fine, but it’s not where I start my due diligence.
If I’m not familiar with the company, I immediately ask, “Who’s behind it, and where is it located?”
You may be familiar with this three-pillar method, but don’t know how to use it.
Here’s a detailed look at how to examine each leg of the stool.
Just as important, I give you some very specific questions to ask. The answers will tell you if you have a promising mining investment (or not)…