Newbie investor here. Is Antofagista a good investment? If so, at what level should I buy?
Maybe start by telling us why you've identified Antofagasta (LON: ANTO) as a possible investment and list some pros and cons - otherwise it looks like you want someone else to do all the work! I will say that I think there are much better copper-themed shares out there....
Thanks. Good response. It was a share tip from an investor. You are right, I need to give a lot more thought to the pros and cons
I'd watch the copper price or futures (HG1!). It seems to have based but then so has the main market, but looks good.
Antofagasta (LON:ANTO) may be too Chile exposed. BHP, Rio and Freeport-McMoran are there and more diversified (ok if you keep up with the politics of the region - miners have to pay for social matters similar to energy in the UK lol).
Atalaya Mining (LON:ATYM) is in Europe but not saying any safer jurisdiction than Chile.
ETFs COPA COPG Global X.
I will be looking at gold now crypto has been tarnished again and maybe silver when global markets pick up.
