A Flowing Royalty
Australian microcap with irreplaceable physical assets
Dear Readers,
Welcome to another edition of ROE The Boat.
In a world which is being drowned in an overabundance of content, information, currency dilution, ongoing tech disruption - it makes sense to portion a part of one’s wealth into assets that are scarce, limited in nature, can’t be debased by central banks, replaced by AI, or outsourced to robots.
In this issue of ROE The Boat I want to highlight one such company that fits into this category.
Every month we publish exclusive research on profitable growing small/microcaps trading at cheap prices.
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This company owns permanent irreplaceable physical assets, generates royalty-like income with no exposure to production risk, and sits in a structural supply-demand environment that grows more favorable every year.
The company has also been reducing debt, cancelling shares, and paying out a nice dividend - and is trading under the NAV.
Yet despite these positives the company seems to be off-the-radar of most investors. Perhaps this is due to the company being a microcap tucked away on the Australian Stock Exchange.
Let’s dive in…
Please note: this article should act as an introduction to the company mentioned and is not a complete deep dive. Make sure you do your own research before investing in any company mentioned in this newsletter.