
[miningmx.com] – THE decline in mining stocks in Johannesburg is creating opportunities for investors since most of the market is overvalued, said BDLive citing RE:CM chief investment officer Jan van Niekerk.
“The current market environment, which has resulted in value investors falling by the wayside, is creating opportunities for us to construct portfolios which are incredibly cheap within a market that is generally overvalued,” said Van Niekerk.
The platinum index is down 18.5% so far this year and the gold index has lost 10.3%. Among individual platinum stocks, Anglo American Platinum is down 16.4% this year and Impala Platinum has lost 23% over the same period, said BDLive.
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