Do not invest in Mining Companies in the Philippines; its stocks will go down.

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.

Suggestion:

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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-adminj

adminjay

"Jay Penn" is a Financial Literacy Mentor and Investor who is best known for his Book "Polymath's Profit". He is also an expert in the field of Maritime, Engineering, and Emergency Medical from his past careers. Experienced with Security Analysis, Crisis Prevention, Contingency Planning, and Global Maritime Distress Safety System. Currently instructs Nautical Sciences and is an avid Researcher of Business and Economics. He is also recognized as the "Top Maritime Instructor" for 3 consecutive years in the Maritime Education from 2014; raising the standard for the Maritime Industry and Training.

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