Mining’s old guard needs strong medicine
A new report details subpar investor returns in the mining industry over the last decade, particularly big cap diversified companies which have not adapted to new realities.
During the last four years, we have seen one fundamental analyst after another claim that the fundamentals are stronger than ever as it relates to the metals. We find this thinking to be questionable, at best.
Why have fundamentals failed so miserably to control the market, and are they relevant any longer?
In order to appropriately find direction in this market, we may have to actually understand that we are asking the wrong question. In fact, one has to ask if fundamentals were ever really controlling to begin with.
