I've owned shares in a delisted company a couple times. Sometimes they wound it up and sent on the proceeds (that was a fund that owned foreign ports), sometimes its private auction or matched bids sale every quarter. One is absorbed into a chinese listed company (their government indirectly buys up gold assets) and they send me the AGM business every year or so, usually it doesnt help the share price but the assets arent changing value and often it was gold related which has an end game at 10k an ounce in theory, maybe its useful if its too awkward for me to sell and I just wait for the takeover or buyout. One of them has a dealing fee into the hundreds because its weirdly handled, my broker agreed to just let me keep it no charge in an empty account which I was lucky on
Buy the shares of the of the fund managers might be one take, house always wins. IGG isnt expensive, I should probably buy it regularly, I think LSE was the main feature of one fund managers portfolio. Place to read up on funds and one I was interested in -
https://www.trustnet.com/factsheets/o/g5zz/barings-eastern-trust-i-inc-gbp
Long term is a decade, thats the time it takes to fully setup a gold mine apparently. That sirus mine is probably going to take that long, markets are guessing later today. Hard to know if anyone will want the commodity by the time its ready to deliver or if similar supply elsewhere has appeared and now its cheap or poor margins.
Renewable energy is high risk my guess and cineworld I have not much belief in before a reset in the situation probably across the whole high street, its stuck in the mud now. I have owned a small share with off shore windpower, they had contracts for maintenance seemed viable but dont appear to have done great. I sold because it was
tiny illiquid stock and most aim stocks just dont make it, better to take profits off the waves of speculation then wait six or ten years. PMG Read this guy I count him as pretty genuine -
https://www.nakedtrader.co.uk/
https://citywire.co.uk/funds-inside.../a1432722?ref=citywire-money-latest-news-list
He buys gold earlier this year and sells on vaccine news, thats just reacting or chasing not investment and if he did so recently the timing is poor. Every price has to find out how much is actual demand, I thought in the Autumn $1750 was fair for gold to pull back not that I think it should but its typical for a sell off. If we do hold and thats still a pretty high price I'll take it remains bullish and will make another new high. I didnt see the miners as ever reaching an expensive level as it is high risk managed long term capital investment literally a very expensive hole in the ground so market remained apprehensive; where other sectors there is too much optimism and not enough growth, so ironically its more dangerous there.
Dollar broke out of a rough range held since July downwards, distorts every price if dollar reserve trends downwards. Who knows maybe even Sterling can break its negative trend, it tried a year ago on the election result. My take is it helps FTSE because we have so many commodities and they generally will gain under weaker dollar.
