As my mentor often said, “buy low and sell high” – but that doesn’t apply right now in the Philippine Mining Business. Most likely it will turn bad.
You’ve read the news and watched the current events, it is not turning good for the mining industry in the Philippines. The corporate assets that these companies once held are now being scrutinized due to its problematic system and alleged corruption – the government is now cracking on this businesses and shutting them down due to some “problems”.
Top this off with a couple of health related issues and environmental hazards due to irresponsible mining, and you have a cocktail of financial disaster on the loose.
For the shareholders, this might be a good season to cut your loses before its too late.
The mining business heads are now rolling in the platter as we speak and no social media propaganda can ever cover up its dying industry.
As for the investors, whom would like to buy its stocks, I highly do not recommend to buy mining stocks due to its volatility – until it settles down and the new Philippines Administration has provided a new protocol for its operation, then doing any business or investing in mining might not be the wisest idea of them all.
Be informed Philippines
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