247capital #54 | FFX | Wartime Edition IV

Portfolio Follow-Up, Quote of the week, Read of the Week | FFX ...

Hi Everyone 👋,

Welcome to the #54 issue of 247capital — your weekly 😆 source of Investment Research. If you are new, you can join my email list here or👇🏻

Please hit the heart button ❤️ if you like today’s letter and reply with any feedback.

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The follow-up to former Issues

Below you’ll find the overview of all bought shares since Issue 1 and the current state. Please keep in mind we’re here for the long run. 5-10 years horizon at least. 

$TAP - bought at $44.95 - Issue 1
Closed the week at $53.96 (up 20.04%)🔥
💰$0.68 dividends

$GEO - bought at $5.79 - Issue 7
Closed the week at $5.81 (up 0.34%)🔥

XTRA:DFV - bought at 12.96€ - Issue 8
Closed the week at 11.48€ (down 11.41%)❄️

READ - bought at 39.25SEK - Issue 12+24
Closed the week at 8.41SEK (down 78.57%)❄️

$HIMS - bought at $8.28 - Issue 12+25
Closed the week at $5.17 (down 37.56%)❄️

THG - bought at 373.50pc - Issue 32+36
Closed the week at 82.60 (down 77.88%)❄️

In the next few weeks, I’ll have more time & money for re-buys and new positions 😉

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Read of the Week - J Capital Research - White Gold in Timbuktu | FFX

J Capital Research posted very bullish on the Australian gold and lithium miner Firefinch (ASX: FFX — AUD$1.13 billion).

The upside potential is mainly based on the following points:

• Current undervaluation because of the compani’s lithium mine in Mali(political risk).

• Rising electric car battery demand

• Upcoming Spin-Off of lithium assets

• Gold assets; especially one mine with the nickname “Morila the Gorilla” 🦍

Summing the parts, we arrive at a low-end valuation of Firefinch at $1,680 mln and high end of $2,275. With the current market cap at $990 mln the upside is between 70% and 130%. We are normally skeptical of sum-of-the-parts valuations, but in the case of Firefinch, we believe it is appropriate as Goulamina will soon be spun out into Leo Lithium.

J Capital @JCap_Research

We believe $FFX has a ridiculously cheap lithium asset alongside an operational gold mine, once known as “Morila the Gorilla.” Both mines are fully funded. Get the report at jcapitalresearch.com 1/6

jcapitalresearch.comJ Capital ResearchJ Capital Research provides institutional investors with primary research on China’s macro economy and Chinese companies.

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Quote of the Week

The amount of money a person receives will always be in direct proportion to the demand for what he does, his ability to do what he does, and the difficulty of replacing him.
— Earl Nightingale

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Tweets of the week

Charlie Bilello @charliebilello

Home Price changes since 2000... Australia: +361% Canada: +345% UK: +232% US: +166% Japan: -32% Charting via @ycharts

Matt Huang @matthuang

Does anyone know which crypto exchange these are listed on? Can’t find on Coinbase or FTX…

Douglas A. Boneparth @dougboneparth

Uber owns no cars. Airbnb owns no hotels. Millennials own no homes. This is the new economy.

Jon Erlichman @JonErlichman

Performance over 10 years: Bitcoin: +957,216% Tesla: +14,727% Netflix: +2,077% Amazon: +1,590% Microsoft: +849% Google: +781% Mastercard: +723% Apple: +721% Visa: +635% Home Depot: +527% Nike: +398% Disney: +219% Starbucks: +216% McDonald’s: +153% Walmart: +136% Coca-Cola: +72%

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Thanks for reading, and until next Monday,

Sebastian from 247capital 

All posts on “247capital” are for informational purposes only. This is not a recommendation to buy or sell securities discussed. Please do your own work before investing your money.