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Statistics
Contributor #1 Of 18 | Net Points: 64 | Positive Points: 64 | Negative Points: 0 | | # Of Questions: 10 | # Of Answers: 15 | # Of Answer Supplements: 1 |
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A November 5, 2021 article
titled ‘Is Canada A Play On China’ (http://goo.gl/Hfs9p) follows from a presentation earlier this
year made Murray Leith, VP and Director, Investment Research, Odium Brown
Limited, Vancouver. Mr. Brown
apparently raised this is as ‘a topic to be thought about’. The article’s author says that Canada is not a ‘play on
China’.
To put this in perspective, of the approximate 1,600 companies currently
included in the StockResearchPortal.com database, about 75% of them are mining
companies (explorers and producers) and 25% of them are Oil & Gas
companies. Collectively, these
companies represent something less than 50% of the total number of companies
listed on the Toronto and Toronto Venture Stock Exchanges. Of the Mining Companies, somewhat over
50% are gold explorers or producers, and between 15% - 20% are primarily base
metals explorers or producers.
These base metals companies operate all over the world, although they
are listed on the Canadian exchanges and rely on the Canadian Capital Markets
to assist them with financing their operations. It is because of these ‘company type’ relationships, and
where the companies physically operate, that I think it is far to simplistic a
statement to suggest ‘Canada is a ‘play’ on China’. However, I do think that anyone who invests in listed base
metals explorers and producers and fertilizer producers (whether listed on the
Canadian exchanges or not) should keep a constant watchful eye on Chinese
growth and growth prospects. This
is because I think China’s development has to have an influence on the price of
the underlying commodities those companies are looking to find and produce. |
Disclosure of Relationships with the Company(ies) referenced in this Post: |
No Disclosure – No Companies mentioned in this Post |
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