1 October we become SureStone CapitalSame team, same ABN. Our website and email addresses move to surestone.com.au.
Preparing video
Key points:
Bullish uranium stance with focus on Cameco, Paladin Energy and NexGen Energy Copper viewed as a core multi‑year theme, favouring BHP, Freeport, Sandfire, Evolution and AIC Mines Software recovery eyed, with opportunities in SiteMinder and GenTrack
James Gerrish from Market Matters outlines a bullish stance on uranium, copper and selected software names, pointing to thematic, multi‑year opportunities. Gerrish highlights fresh optimism in uranium after Urenco’s plan to lift enrichment capacity, which in his view supports demand and the rollout of small modular reactors in the US. He notes strength in Cameco (NYSE:CCJ), with local names such as Paladin Energy (ASX:PDN) and NexGen Energy (ASX:NXE) starting to catch up after a period of underperformance.
On copper, Gerrish positions it as a core structural theme, noting exposure via Freeport-McMoRan (NYSE:FCX), Sandfire Resources (ASX:SFR) and BHP (ASX:BHP). He argues Evolution Mining (ASX:EVN), typically seen as a gold producer, is being overlooked as a growing copper play, while AIC Mines (ASX:A1M) is seen as a higher‑beta option to rising copper prices. He expects BHP’s momentum to remain supported by copper‑driven earnings growth and strong passive flows.
Turning to software, Gerrish sees value emerging after severe de‑ratings. He points to SiteMinder (ASX:SDR) as a preferred holding following a solid update, and GenTrack (ASX:GTK) as a quality utilities software platform trading at depressed levels after an earnings downgrade, potentially attractive to private equity or strategic buyers.
