What Happened This Week? May-23rd-2021
3 minute read
This is the first of our new weekend summaries of “the week that was” across our portfolio companies.
As always we welcome your feedback on how our service can be improved, let us know if there is anything else you want to see by replying to our emails.
It’s been a rough couple of weeks across the entire small cap end of the market following a pretty buoyant start to 2021. As long term holders with a specific investment plan based on our companies delivering milestones over time, we don’t get too fazed by short term share price ups and downs.
So it took us a while, but we have finally added a new investment and portfolio addition BPM Minerals (ASX:BPM).
Why did it take so long? We are extremely selective in the companies we invest in and promote.
In 2018 the original founding team returned to run Next Investors and re-introduced our selective investment portfolio model.
In early 2019 we made our first long term investments in WHK, EXR and VUL.
Since then we have been having a pretty good run of long term performance and we are working hard to keep delivering - making sure we only invest in and promote companies we think have the best chance of long term performance.
So it took us a while but we are excited to welcome BPM to the portfolio and look forward to providing updates on their journey towards their key drilling event towards the end of this year.
Last week heavily featured some of our higher risk exploration investments, Here is what happened:
Introducing our new investment ... BPM Minerals (ASX:BPM)
On Wednesday we announced a new addition to our portfolio.
BPM just acquired an exploration project right next to one of the biggest metals discoveries in Australia this year.
BPM is an early stage exploration company searching for lead-zinc and it hopes to follow in the footsteps of Rumble Resources which went from 10c to a high of nearly 80c, after hitting not one, but two high grade lead-zinc drill results.
Read more about why we invested in BPM: Welcoming ASX: BPM to our Portfolio
ASX:GAL Reveals Promising Palladium Drill Results
On Monday Nickel explorer GAL revealed they have a Palladium project.
The palladium price has risen six fold in the last five years, and this precious metal is currently worth more than gold.
While we are primarily invested in GAL for its nickel potential in the Fraser Range region of WA - home to the $1.8BN Nova-Bollinger discovery, GAL has now entered the palladium space and we’re excited to see what comes of this.
GAL has multiple drill ready palladium targets with over 15km of prospective strike length over two prospects.
Read about them here: GAL Reveals Promising Palladium Drill Results
ASX:PUR says Early Soil Samples “Compare Favourably” to $2.6BN Chalice
Friday was a big day for PUR after it released exceptional results from soil sampling that confirms the presence of anomalous PGEs (platinum group elements), Nickel, Copper and Gold.
According to PUR, its soil samples “compare favourably” to the soil sampling Chalice reported during its $2.6BN Julimar discovery, just 20-170km away from PUR’s ground.
PUR has reported over 1 gram per tonne Au-Pt-Pd co-incident soil results and strong co-incident Au-Pt-Pd-Ni-Cu anomalism.
1/gt is a decent result for exploration drilling, let alone basic soil scraping.
Read more about these results here: PUR's Phil's Hill prospect compares favourably with Chalice Mine's prospect.
Here is our current investment portfolio: