Meeting management is vital to profitable small cap investing
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Special Report: When it comes to small caps, good stock-picking comes down to quality research — and one of the best ways to research is speaking with senior management face-to-face.
At the Resources Rising Stars Summer Series, investors will have the opportunity to get personal with 20 up-and-coming junior and mid-tier resources stocks.
These one-day investor conferences — in Sydney on Tuesday 3 December and Brisbane on Thursday 5 December 2019 — will include presentations, opportunities to meet and talk with senior management, networking lunches and drinks, and much more.
The February 2019 Summer Series featured a number of stocks that have gone on to have a great year.
Highlights include gold developer Egan Street (ASX:EGA) which is the focus of a $68m takeover bid; three-bagger lithium play Liontown (ASX:LTR), and multi-bagger Stavely Minerals (ASX:SVY) – which has just made one of the biggest discoveries of the year at Thursday’s Gossan in Victoria.
Stocks to watch this Summer Series include ioneer (ASX:INR), an emerging lithium and boron producer with a top team and low-cost lithium project in the US.
The company is currently advancing its Rhyolite Ridge project, with the goal to be in production by mid-2021.
Also on the roster will be exciting copper-gold porphyry hunters Polar X (ASX:PXX) and Sunstone Metals (ASX:STM).
Resources and Energy Group (ASX:REZ) – driven by a new high powered management team – is currently drilling the high-grade (but underexplored) East Menzies gold project in WA.
And don’t forget about the Tim Goyder-backed success stories Chalice Gold Mines (ASX:CHN), Liontown Resources (ASX:LTR), and DevEx Resources (ASX:DEV).
Summer Series keynote speaker Don Inglis is associate director wealth management at Canaccord Genuity Patersons.
He says meeting management is crucial to savvy investment decision-making.
“All exploration companies are about management, projects and money,” Inglis says.
“If you get all three, fantastic. But the starting point for me is seeing who is on the board – their background and their experience.
“I’ve been doing these conferences for 15 years. The real benefit for investors is they get to see these guys close up and actually pin them down for a chat afterwards if they are interested in the story.
“That’s the beauty of it.”
Inglis also has some tips on the metals he believes will outperform in 2020.
“I’m most optimistic about gold, copper and possibly nickel,” he says.
“Gold is at the top of that list, and probably copper as well — there’s just no new supply coming online.
“Nickel has improved – don’t get me wrong – but whether it will kick on next year is the question. I also think the iron ore price is going to remain reasonably steady.”