sovereign debt

sovereign debt

Matt Zabloski: Fund Manager on Asset Based Investing in the Mining Sector

2w ago
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Description

Delbrook’s approach is bottoms up asset based investing - that is investing in top quality assets that the market has misplaced. Delbrook has a strong technical team with a great level of experience and they focus on companies with a large gap between intrinsic value versus market value. Matt believes that the $8 trillion of sovereign debt and negative yields will provide a good push into the precious metals sector. Delbrook looks for quality over quantity and facts rather than a good story. Because the market in precious metals has been so driven down, even a small amount of institutional investment will cause large increases in share prices. Shareholder activism while not yet needed, remains an option for when company direction is not going in a direction favourable to shareholders. Talking points from this week’s interview: • The recovery is in it’s first inning • Shareholder activism remains an option to add value to a stock • IDM Mining is a substantially undervalued stock • Share dilution is still a factor to watch for many stocks