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Here are two penny stocks I would buy for my Stocks and Stocks ISA with extra cash to invest. I think they could generate spectacular capital appreciation over the next 10 years.
Kodal Minerals
Buy junior mining stocks like Kodal Minerals (LSE:KOD) can be dangerous for investors. These smaller operators tend to have less financial margin to weather setbacks in the exploration, project development and/or production phases.
But I think this particular penny stock is much less risky after the recent funding developments. In January, he sealed a conditional financing package worth some $118 million to start up his Bougouni lithium project in Mali.
The agreement will provide full financing for the development and start of production on the asset. It will also support a major exploration and development program at other West African projects.
I am attracted to Kodal as an investor because its main asset, Bougouni, has significant long-term potential. It has a mine life of 8.5 years and a current resource estimate of about 21.3 million tonnes.
I’m thinking of buying lithium stocks to capitalize on the growing demand for electric vehicles (EVs). Demand for the key material for batteries is expected to skyrocket as production of cleaner cars ramps up.
The nerds at S&P Global Platts Analytics believe that 26.8 million EVs will be sold in 2030. That’s a huge increase from the 6.3 million that rolled off the forecourts in 2021. Kodal could be one of the most safe for investors to make money from this fast growing market. market after the recent capital injection.
A bright start to 2023 for the UK box office suggests Everyman Media Group (LSE:EMAN) could also be one of the best stocks to buy. Future movie receipts could be affected as the cost of living crisis continues. But the latest industry data is very encouraging.
The latest release from Marvel Studios Ant-Man and the Wasp: Quantumania it grossed an impressive £8.8 million at the UK & Ireland box office upon its release last weekend. To put that in perspective, the previous two Ant Man The films took £4 million and £5 million on their debuts respectively.
There is a strong pent-up demand for movie tickets in the aftermath of the pandemic. And a strong slate of blockbusters over the next two years could bring some handsome returns for the likes of Everyman.
I like this particular cinema operator because it offers more than just a place to see the latest mainstream or independent movie. Visitors can also have a drink in the local bars or eat something in its restaurants.
This superior expertise could allow you to eliminate the threat posed by streaming giants like Netflix and Amazon. It could also see it take market share away from standard operators like Cinemundo and see.
Everyman is also expanding to give long-term profits a chance. He plans to open five new locations in 2023 alone to bring the total on his books to 43.
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