We kicked off the year with Nick Kunze as our first guest and dived into Aspen and Sasol as potential investments. Aspen is not only cheap – it has been running in recent weeks, ahead of the expected announcement from J&J on its vaccine. Aspen has rights to produce 300 million vaccines for J&J, if it works, and this would be a great boost for the stock.
I had a great chat with Chantal Marx about property or resource stocks this week. The Resources 10 index is at 12-year highs, while the property index ended last year at 15-year lows. My question to her was which, if either, she preferred. She likes both, but with different strategies.
Commodities had a strong 2020 and started the new year with renewed vigour, but the run in rhodium has been missed by many investors. This platinum group metal (PGM) is trading above US$20 000. Tharisa Minerals has about a 10% prevalence of rhodium in its PGM basket. I spoke with CEO Phoevos Pouroulis about this, as well as its chrome operation and the cost impact of Covid-19 safety on its mines.
Bitcoin ended 2020 on a flyer before we saw some weakness this past week, although much of that sell off has been recovered. Ciaran Ryan is the Moneyweb crypto expert and I asked him if this was a bubble or a more sustainable rally. We also touched on the potential arbitrage between the US dollar and rand price of Bitcoin. It has at times been above 20% but lately has narrowed to only a few percentage points.
Also this week:
Mohammed Nalla, founder and strategist of moe-knows.com, on whether bitcoin is the glass bead or seashell of our time.