Quiet Contrarian. Ep41: Trades for March 2023

Buys

Aeris Resources Ltd – AIS.ASX – A mining and exploration company involved in the production and sale of primarily copper, with a little bit of gold, and silver, as well as the exploration for copper and gold. Current forecasts are for a copper shortage in the coming years, and I wanted to get some Australian exposure to that (the main option on the ASX is SFR, but they’re too overpriced for me). Still a bit expensive, but I jumped in on the recent price correction (due to weak first half report). Hoping for a return to higher prices in the second half of the year, but there is still uncertainty about future Cu prices. So approach with caution.

Genusplus Group Ltd – GNP.ASX – This is my third tranche of these guys. An end-to-end service provider for power and communications infrastructure. The company specializes in designing, building, and maintaining infrastructure for the power and communications sectors. They operate primarily in Australia, but also have a presence in New Zealand and the United States. Added more to my position on the recent price weakness. I still believe in the opportunity in front of them, with an abundance of infrastructure work needed for the transition to clean energy sources.