THE MINING SECTOR – MIRACULOUS RECOVERY FROM A TRASHED POSITION – BUT HOW ARE THE MIGHTY FALLEN!

THE MINING SECTOR – MIRACULOUS RECOVERY, BUT HOW ARE THE MIGHTY FALLEN!

Company 20/1/16 23/08/16 % increase
BHP Billiton 581p 1072p 84.5%
Rio Tinto 1577p 2438p 54.6%
Ango-American 221p 867p 292.6%
Glencore 82p 189p 130.4%
Antofagasta 346p 554p 31.2%
Kaz Minerals 92p 195p 111.9%
Vedanta Resources 213p 537p 152.1%
Randgold Resources 4416p 8035p 81.8%
Fresnillio 641p 1835p 186%
Evraz 59.5p 140.6p 136.3%
DiamondCorp 5.6p 6.75p 20.5%
Gem Diamonds 98p 121p 23.4%
Lonmin 36.75p 222.75p 506.1%

 

 

Many of you will recall that markets were in the depths of despair in January last year with oil looking cheap and the demand for commodities and resources by China having all but dried up.  You couldn’t give mining stocks away. Just as an example at their zenith a few years ago Rio stood at £60 in 2008, BHP Billiton stood at £18 a share in 2008 and £23 in 2011 and Anglo American at £35 in 2008 and £33 in 2011.

 

The recovery from a very ‘trashed’ position has been both gargantuan and miraculous. Is there more gravy to be had! I am not one to answer that question, but I know a man who is!  I will ask Kieron Hodgson, our celebrated mining analysts to write a small piece on this subject when he returns from holiday.

 

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: