Hi petal.
Very interesting re Wallenberg family, I will read up on them thank you.
You've chosen wisely with your 3 Lundin picks. I've held them as well, but foolishly I sold IPCO and LUG too soon. I'm looking to buy again if they sell off but they never do. I continue to hold Lundin Mining and am optimistic for the future.
I am a small investor and first individual stock I ever bought was mid 1990's with International Curator resources, a copper play in Mexico, the Boleo deposit. Unfortunately the deposit was deemed uneconomic, the stock crashed 90%, and the company moved on through different incarnations, becoming eventually NGEX resources today. I continued to buy shares through the years even down to 5 cents at one time as I believed in the family. NGEX market cap now over 6 billion $Can, discoverer of the massive Vicuna district in Chile/Argentina. I don't think I will ever sell it.
NGEX spun out Josemaria Resources and Filo Mining, both sold to Lundin Mining/BHP group, and recently spun out royalty company LUNR which I hold and likely never sell.
It's been quite a ride. I bought a bit of many of the Lundin companies besides Int Curator/NGEX in the 90's throughout the 20's.
South Atlantic Resources which is now Lundin Mining :)
Atacama Minerals with iodine in Chile became RB Energy in Canada and their lithium mine went bust and all my investment was lost.
The creation of Red Back mining and its sale to Kinross Gold :)
Lucara Diamond in Botswana, which initially did well but times turned so I exited.
Tenke Fungurume copper and cobalt in the Congo, sold to I forget who :)
Also did well with Lundin Oil after it listed on Toronto exchange.
Probably forgetting a couple more. I and my family owe Lukas and Adolf a great debt.
I am more interested in new buys recently of companies affiliated with the Lundins, such as Talon Metals TLO and Fireweed Zinc FWZ and Sanu Gold SANU for new purchases. I believe the magic will continue to run in the family.
Thanks for listening. |
