Salier, a partner at Sprott Capital Partners, explains why it’s potentially profitable for investors to consider ASX- and LSE-listed mining stocks.
North American resource investors tend to focus on companies listed on the TSX and TSXV, but according to Brock Salier there’s a case to be made for looking at ASX- and LSE-listed stocks as well.
Speaking to the Investing News Network at the Sprott Natural Resource Symposium, Salier, a partner at Sprott Global Partners, explained that there are two main reasons investors should at least be aware of what companies on the ASX and LSE are doing.
First, he said, “[there are] a bunch of [ASX- and LSE-listed] mining companies doing exactly the same thing as what the Canadians are doing. So you’ve got to be careful when you’re investing in a Canadian stock — are you getting the best value?”
As his second point, Salier noted that the ASX and LSE are home to companies that focus on commodities and geographies that are less common on the TSX and TSXV. For example, he said, London-listed companies tend to be more comfortable with Africa, while companies on the ASX “have taken to [the Tesla (NASDAQ:TSLA) revolution] with more vigor than anyone on the TSX or in London.”
“You can cast your eye over those Australians to pick up some knowledge about what you’re about to invest in locally,” he added.
When asked if there are any companies on the ASX or LSE that he’s interested in currently, Salier mentioned West African Resources (TSXV:WAF,ASX:WAF) and Novo Resources (TSXV:NVO), whose joint venture partner Artemis Resources (ASX:ARV) is listed on the ASX.
Listen to the interview above to find out why Salier finds those stocks compelling and for more of his thoughts on the importance of monitoring ASX- and LSE-listed mining stocks. The transcript for this interview will be added shortly.
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Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.
Editorial Disclosure: The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.