MoneyTalks: Simon Popple’s got a couple of 'risky' goldies in his pocket… if you’re feelin’ lucky

MoneyTalks is Stockhead’s regular recap of the ASX stocks, sectors and trends that fund managers and analysts are looking at right now.

Today we hear from Simon Popple of Brookeville Capital, a highly-regarded expert on all things gold.

When it comes to sinking your funds into gold investments, nothing comes risk-free – not even the safe haven shiny that is viewed by many as the investment of last resort when the markets take a downturn and stability is hard to find.

That said, there’s still plenty of opportunity for anyone with the plums to take a speculative punt in the gold arena, and one man who is well-known for his interest in seeking big value in gold is Simon Popple.

We spoke with him recently to see if there are any ASX-listers that could offer anyone with sufficient risk appetite a shot at a decent earn.

“The two I’m most interested in at the moment are both very high risk, but with some great potential,” is what Simon had to say. And we listened, then wrote down the other stuff he said, below this bit.

MAGNUM MINING & EXPLORATION (ASX:MGU)

“Magnum Mining & Exploration are focused on iron ore concentrate and green pig iron production,” he says.

“Although they’re currently an explorer, they’re looking to get their Buena Vista Magnetite Iron Ore and HIsmelt Pig Iron Project in the US State of Nevada into production as soon as possible.”

“It looks like they’ve already got an offtake agreement in place with Mitsubishi (currently an MOU) and I’m hoping to hear more news on this front over the next few weeks.”

The MOU Simon’s referring to here covers all products from the project including Direct Shipping Ore (DSO), iron concentrate, HIsmelt-produced pig iron and slag, all steel plant wastes, and excess biochar.

Despite weathering a bit of a storm over the past month (to the tune of a 25.5% dip this month), MGU is currently up nearly 81% year-to-date, trading at just under $0.04 per share.

Rincon Resources (ASX:RCR)

“The other one I’m particularly excited about at the moment is Rincon Resources,” Simon says.

“They’ve recently closed an oversubscribed private placement to raise $2.6m. This funding should accelerate exploration activities, primarily drilling programs at the Paterson Range and West Arunta Project areas.

“Drilling is scheduled to commence from mid-September with up to 3,000m of reverse circulation drilling to test the Mammoth Target at South Telfer, and up to 1,000m of diamond drilling at the Pokali IOCG/REE Prospect, West Arunta.

“It’s high risk stuff, but I’m hoping to start hearing some results in late October/early November.”

For context, Rincon has been declining for most of the year-to-date, currently running around 62% lower than it was at the beginning of 2023.

What else is on Simon’s plate at the moment?

When he’s not busy trying to find the best goldies to back, Simon’s spending his time working on sharing his knowledge on the topic.

“Even though we use gold in our everyday language – ‘They’ve been as good as gold’, ‘I’m looking forward to my golden years’ and I want to ‘Win that gold medal’ – very few people have actually invested in gold,” Simon says.

“I’m trying to change that.”

Simon’s put together a Gold Package which includes his e-book An Introduction to Investing in Gold, as well as two bonuses which are absolutely free.

The first is Discover where the Funds are investing which Simon says “enables you to see where the pros are sticking some of their money at the moment.

“There’s also My Six Pillars of Investing where I, as a professional investor, set out what I look at for all my investments,” Simon says.

You can find more info on those at Simon’s website, and if you’d like to get a little ‘something for nothing’, Simon’s happy to share his ‘Three Misconceptions about investing in Gold’ report for anyone who’d like to rub his belly for good luck. Alternatively, you can email him here and he’ll send it to you.