2,249 Stocks, 44.7% Average Loss, and Why You're Losing Money in Mining | Jon Goodman New Interview
In this episode of Junior Mining Talks, we dig into the junior mining sector's performance from April 2022 to August 2024. The data shows an average decline of 44.7% across 2,249 junior mining stocks, which leads us into a discussion on the old "Sell in May and Go Away" adage. This time, though, it seems you might have needed to sell and stay away for over two years.
Jon Goodman joins us to share his take on the current market landscape, including trends in mergers and acquisitions (M&A) within the gold and copper sectors. We also explore the challenges of stock picking in such a tough market and discuss the crucial role that management teams play in the success or failure of junior mining investments. Whether you're a seasoned investor or just someone keeping an eye on the sector, there's plenty here to consider.
Key Topics Covered:
- why we keep losing money
- Junior mining stock performance: What the numbers tell us
- The "Sell in May and Go Away" strategy over a 2-year period
- Jon Goodman's insights on M&A in the mining industry
- The challenges and strategies of stock picking in a tough market
- Why management teams matter more than ever in junior mining
- Finding value in an undervalued market
Important warning:
The information provided herein is general & impersonal in nature and meant for entertainment purposes only. The viewer acknowledges and agrees that the information does not constitute a solicitation of an offer to buy or sell any security or instrument or to participate in any trading strategy.
The host is not a licensed investment advisor. He is just another talking head on the internet. He might own shares of companies mentioned in this publication. Always assume he doesn't know much more than a potato does.
The mining & exploration space is among the riskiest sectors to invest in. The risk of anything mentioned in this publication is 100% loss of capital. If you don't read the official documents provided by the company on www.SedarPlus.ca, you will lose all of your money.
Timestamps:
0:00 - Introduction and Overview
0:12 - Discussion on Junior Mining Stock Performance
1:06 - Analyzing the "Sell in May and Go Away" Strategy for 2022-2024
3:32 - Stock Picking Challenges in the Current Market
8:10 - Market Risks and Realistic Returns in Junior Mining
19:02 - Discovery Investing: Pre-Discovery vs. Post-Discovery
36:11 - Management Teams and Their Impact on Investment Success
42:07 - Transition to Mergers and Acquisitions Discussion
43:04 - Jon Goodman on M&A Trends in the Gold and Copper Sectors
49:53 - Evaluating One-Mine Companies: Risks and Rewards
55:30 - Gold Stocks vs. Gold Price: Market Performance and Sentiment
1:00:03 - Valuation Disparities in the Mining Sector
1:06:11 - Investing in Private vs. Public Companies
1:09:52 - Importance of Both Assets and Management in Investment Decisions
1:26:13 - Dundee Corporation's Strategy and Future Outlook
1:31:04 - Jon Goodman Discusses Specific Portfolio Companies
1:37:57 - Jon Goodman on Managing Conflicts of Interest in Investing
1:42:19 - Closing Remarks and Future Plans
