Investment Q&A

Q: In the past I have not been a buy and hold investor in commodities. I try to purchase cyclical stocks when they are out of favour and sell when I have made some money with the thought that they will eventually be "on sale" again in the future to buy back in. I have been patient and have held CS, Teck,B, HBM and LUN for a few years and have done really well on them all, especially recently. Is it time to cash in and be thankful for the gains or is the underlying demand for copper (and other materials) strong enough to continue this outperformance. Hold, Sell or buy more? Curious what you would be doing in this case.

Second question - Flutter took a hit because of investor concerns over competition from the prediction market platform Kalshi. Is this a serious threat to Flutter or is the market big enough for all? Are you still as bullish on FLUT as you used to be? Stock has teased us with some nice runs up but seems to fall back.

Thanks for all you do, couldn't be happier.

Scott

Q: Capstone was up 11% yesterday. Do you have any details why?
Would it be a good idea to sell half of my position in CS and buy
Lundin mining. (LUN) for diversification.

Thanks

Dave.

Q: I was half way to building a recent position in TECK with an average cost in the mid $40's. With the offer on the table, if it was you, would you sell TECK and purchase Capstone or hold for better offers? In the past you have leaned more toward Capstone in the copper space, are you still positive on Capstone?

Q: What is the best company to benefit from higher copper prices long term? Currently own Teck but increasingly frustrated with frequent downward production revisions.

Thank you.

Q: with the tariffs coming up shortly on copper do you suggest i reduce my position on capstone copper.

I have done quite well in this stock and currently have a 5% position in my portfolio.

Thanks for your opinion

Q: Hello Peter / 5i Team,

NDM has been on quite a run lately. I previously held this name back in 2016 for a short-term trade, during a time when there was renewed optimism around exploration and the potential development of the Pebble Project.

I’d appreciate hearing your current insights and outlook on NDM. How do you view its valuation and broader expectations moving forward? I understand that some of the recent movement may be linked to the “Trump trade” narrative—do you see any real merit to this as a viable trade or longer-term hold? Do you have any updated price targets?

Also, are there any other names in this space that you currently prefer?

Thanks in advance.

Q: Hi team,
What are you're views on CS,s latest quarter? Seems like the tariffs uncertainties are keeping a lid on their stock price! If we are heading into a recession would it be best to sell now and revisit at the end of the recession ,if their is one?Also their debt ratio seems elevated.Looking for a two to three year hold.
Many thanks,
Jean

Q: After this announcement, time to sell CS?

“Really, really rich copper deposits a mile below the ocean surface“

THKS

Q: Sell or not, and proxy for sales in your opinion.
AC, TECK.B, CS, SES, STLA, ARE, CVE.
XBI-N, HD-N, NIKE-N,

Q: I started accumulating positions in these the last couple of days with intentions of adding more. Was never able to get in at decent prices ever before. They have all bounced back today and are in green quite nicely which is great but they are only small positions and I wanted to buy more. Do I wait as this mess will give another chance to get in Or do i average up ? Any issues with anything on the list ?

Q: With all the current turbulence, what is your outlook on copper in general, and specifically Capstone? Thanks.

Q: How would you rank these stocks,why,and entry price? Thanx.

Q: Copper seems like it's going to be in high demand. There's also tariff possibilities. If you had a choice to invest in copper today with a 2-3 year horizon, would you do it? Any suggestions on growth companies? Thanks.

Q: Hi 5i,

My portfolio does not have any meaningful allocation in the basic materials sector. Given the recent drop in equities (and possible future declines) was looking to add some resource stocks. CS and TECK.B in the copper sector looked interesting with the data centre/ chip boom underway.

What are your thoughts on these companies and is there a preference? What would you consider to be a good entry price in the potential market dips to come?

Would also appreciate any other resource stock ideas you might have in this current market.(Aside from Nutrien I know your a fan of and I already own.)

I'm not averse to risk and looking to hold at least 5+ years.

Thank you in advance.

Greg C.

Q: I am a holder of HBM for over 5 years in my non-registered account. Can you please give me your read on the latest news, especially regarding the weak guidance. Is the stock currently oversold or will there be further downside. I know you have long favoured CS over BHM, is that still the case after the correction in HBM and do you feel a switch would be a good idea going forward. BTW, I would like to remain invested in copper.

Much appreciated,

Francisco

Q: Can I get your thoughts on Capstone please? Seems to keep dropping and now with talk of tariffs and maybe smaller AI infrastructure, it’s not looking great. Would you still hold here? If not, do you have another recommendation for materials sector? CAD or US? My only other one in this sector is Agnico Eagle.

Q: The Jan 20 report seemed fairly positive- lower end of guidance for 2024 but meaningful growth expected for 2025. But I seemed to miss something since it is breaking down to new lows. Can you explain what is spooking investors and your opinion going forward?

Q: I am thinking of adding the above three to my portfolio Your Thoughts please RAK

Q: Good day all, according to Canadian Insider, Capstone insiders have been doing a lot of selling in the past few months. What can you read into this and how do you see this affecting the future of the company as a stock investment ? Thank you.

Q: Hi 5iResearch Team,

I’m currently quite bullish on the copper industry and would appreciate your thoughts on the best way to invest in this space. Do you think CPER is a solid choice, or would you recommend looking at specific copper companies instead? If the latter, which copper companies do you have the most conviction in at the moment?

Thank you for your time and insights—I greatly appreciate your help.