This copper miner has doubled in 2 days! Is it time to jump in?


“It’s a disaster!”

“Trump’s going to make everything great again!”




Those five lines pretty much sum up my interpretation of the last few days and boy oh boy, hasn’t Trump already had a massive impact on Australia and the world.

The last couple of days have been fantastic for companies with any exposure to a falling Australian dollar or American infrastructure spending.

Iron ore has surged, copper futures rose 3.7% last night and everyone seems cautiously optimistic that a Trump presidency could see a surge in spending in the US, and maybe around the globe. Regardless of whether this is good economic policy, it’s hard to argue that it’s been good for some Australian companies and shareholders.

Up 100% in Two Days!

Take the graph below of the share price for Tiger Resources Limited (ASX: TGS). The company is focussed on producing copper, which explains the massive jump in the last couple of days, but the share price surge of over 100% in two days does not reflect general sentiment about the company.


(Source: Google Finance)

Just two months ago the Motley Fool wrote about the company: “Following a review of Tiger Resources’ accounts, auditor PricewaterhouseCoopers believes that a material uncertainty exists that may cast significant doubt on the company’s ability to continue as a going concern.”

You should also check out this graph of Tiger’s share price over the last five years.


(Source: Google Finance)

Is it time to jump in?

A rapid rise in the copper price, aided by theories about how Trump will wield his presidential power has (probably temporarily) pushed up the share price of Tiger Resources. The company has some pretty major issues ahead of it, notably “for the six months ended June 30 2016 Tiger Resources posted a 32% decline in revenue to $56.5 million and a huge loss of $37.3 million.”

That implies to me that there are probably better investment propositions on the ASX right now.

How 1 Man Turned $10K Into Over $8 Million

Discover how one man turned a modest $10,600 investment into an $8,016,867 fortune. Learn more about this man and how you can start down the path toward financial independence. Simply click here to learn more.

Motley Fool contributor Andrew Mudie has no position in any stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

HOT OFF THE PRESSES: My #1 Dividend Pick for 2017!

With its shares up 155% in just the last five years, this ‘under the radar’ consumer favourite is both a hot growth stock AND our expert’s #1 dividend pick for 2017. Now we’re pulling back the curtain for you... And all you have to do to discover the name, code and a full analysis is enter your email below!

Simply enter your email now to receive your copy of our brand-new FREE report, “The Motley Fool’s Top Dividend Stock for 2017.”

By clicking this button, you agree to our Terms of Service and Privacy Policy. We will use your email address only to keep you informed about updates to our website and about other products and services we think might interest you. You can unsubscribe from Take Stock at anytime. Please refer to our Financial Services Guide (FSG) for more information.