jerpy

On 10/24/2019 at 5:06 PM, hector said:

Off to a good start. Didn't manage to acquire my full position but profit is profit.

Pretty much got what I wanted now, whilst s.p meandering around. Will sit tight now.

I’ve wasted an opportunity to cash in profits higher, but happier to sit out time knowing Sprott has 11%, so long as no more cheap giveaways.

I’ve been buying this week.

On 10/30/2019 at 11:16 AM, drbubb said:

2019-10-29 09:07 ET - News Release

Mr. Marz Kord reports

WALLBRIDGE EARNS 20% OWNERSHIP OF LONMIN CANADA INC THROUGH OPERATORSHIP AGREEMENT AND CREATES SEPARATE COPPER-NICKEL-PGM GROUP

Wallbridge Mining Company Ltd. has signed a definitive letter agreement whereby Lonmin Ltd. (a wholly owned subsidiary of Sibanye-Stillwater) has appointed Wallbridge as operator of Lonmin Canada Inc.'s Loncan, a wholly owned subsidiary of Lonmin Ltd.'s Lonmin advanced-stage Denison property. Pursuant to the terms of the agreement, Wallbridge has received a 20-per-cent ownership interest in Loncan and a seat on Loncan's board of directors. A copy of the agreement can be found on the company's SEDAR profile.

"This agreement complements Wallbridge's strategy of separating its gold and base metal assets and enables work on the Sudbury-area properties to be funded entirely within privately held Loncan...

"The first order of business will be to combine all historic resources on the Denison property into one complete NI 43-101 compliant resource estimate and to complete an economic study," stated Mr. Demers.

So a few people got a sniff of Lonmin news! 

Anyhow, it’s bouncing back again after profit taking.

On 10/24/2019 at 7:10 AM, drbubb said:

Range? : 105-150P for a while maybe

Maybe but just remember they are working on so many prospects from the Aztec mapping survey, there could be a serious resource upgrade. That would smash the range.

Then there is Ordubad.

9 hours ago, drbubb said:

Those kind of bold moves can work, and I do hope this will work for you.

I am not close enough to the story to have an opinion, but I know you have had a huge win with this stock

AAZ ; chart; 140.5 + 18.00, +15%

Could be the end of the drop or the beginning of a more sideways move

Thanks Dr B, sideways until more resource is proven up suits me fine. 

Doubt that will be long, I remember John or Reza saying to Stephen Westhead at the AGM “take your time but we’re in a hurry “.

An updated jorc is highly likely before Christmas and could land anytime now really.

5 hours ago, drbubb said:

Dont you want to see an A-B-C, before adding much?

Else you may be seeing laser beam drop, that CUTS like a falling knife.

SUGGESTION: Wait for the knife to bounce, and lose speed and momentum before you try to catch it

Maybe I’m too attached but that’s what gave me confidence to add. Strong bounce back today already paying off.

I’d normally agree with you Dr B but a bit a fear and manipulation seems to have run this down, it doesn’t take much to reverse; just my opinion.

Won’t lie, this has been painful on little volume generally.

Fortunately I’ve been adding of late as I see it well overdone on boredom and lack of resource upgrades. Everything else suggests doing what’s on the label including the nice divi I’m about to receive.

Sadly missed the update spike which closed at 43.5c today, sat on sidelines being too greedy on my entry points. Hindsight huh.

Made a mistake not taking more profits here, so sat waiting for that bounce. Won’t make the same mistake twice I hope.

Managed to cash in and buy back myself at 51 and then 46c. Hoping for a bounce.

If this gets near $6 I’m not going to be so shy taking profits, that’s my target price.

On 10/5/2019 at 2:08 AM, drbubb said:

MUX back on the Launch pad?

Not sure how much of a journey it can manage.  but i might buy some shares

MUX ... update : 10d / Last: $1.59

I made money owning the stock last time, but it was a bumpy road

Had a good start yesterday, well Dr B did you ? Stayed away myself.

Here’s another one for you

Chalice Gold / ASX: CHN

https://chalicegold.com/

Full presentation and others can be found on website.

7 hours ago, drbubb said:

"Nigel seems to make his own luck? Right"

Haha.

It is amazing how lucky you can get when you add deep analysis to some careful technical analysis

I’ve just re-read Guy’s comments from 2013 on Value Investing from his blog (a bit further down the page to the excerpt on Options).

Somewhat reminds me of my own mindset, without as much thought or analysis of Guy. Generally I fairly certain I too, swerve crowded plays, or wait for the herd then sell.

Guy’s concluding comments are very apt. In particular this line “My aim in  investing is to make money, not to burnish a personal narrative or sense of identity as any particular “type “ of investor “

Wondering why Guy decided to start his blog again?

Back testing yearly highs ahead of likely news next week. Bill’s in London presenting, all sorts of speculation on new mines and other countries coming out in the Azeri press.

Finished the week on 173p! Just wow!

 I’ve rode this since 5p days, sitting and accumulating. Yet there seems so much more to go before it achieves mid tier, AAZ are one of those rare stocks, that come along every so often.

Took easy gains early on, didn’t want to give them back. I’m out for now.

On 9/12/2019 at 5:34 AM, drbubb said:

PSYCHOPATHOLOGY ?  OR LUCK?

Anyone who can do this without business success, inherited wealth or a lottery win is a person who has made some unusual and effective choices in life, and is interesting for that reason. It would be possible to pathologise these choices, to suggest that there is a price to be paid for the investors’ success, and there were faint hints at what this might be in some interviews: for example, Vernon noted that “investing is not a team sport”, and both he and Sushil used the word “misanthrope” about themselves.

But in the end, it seems absurd to suggest that a youngish person with assets of several million pounds accumulated through his own decisions, who spends most of his time doing what he likes, is afflicted or dysfunctional compared with the general population. The straightforward view is that these are successful people living in relative happiness, and compared to the venality of many City high earners, perhaps even a degree of grace.

The role of luck
A more challenging critique than the absence of psychopathology is the pervasiveness of luck. This is a book about lucky people. Contrary to general human experience, they have reached middle age with lives which have turned out rather better than they expected, at least in a financial dimension. Some (not all) of the investors had thought carefully about this, and were anxious to highlight the role of luck in their own investment records. / UNQUOTE

> from Guy Thomas > http://www.guythomas.org.uk/investment/freecap.php

His Blog : http://www.guythomas.org.uk/blog/

Nigel seems to make his own luck? Right 😉

I’ve commented before, so I’ll not add much more, Free Capital is an interesting read, with some good lessons. Not all trading styles can possibly be relevant to each and every reader but there is something for all to take away from reading the book.

I’ve recommended it to others several times.

On 9/12/2019 at 12:54 PM, drbubb said:

I am in from 25 cents, and have been waiting a longish time.

BOTH together ... update : GZZ: $0.38 / RZZ: $13.75

Mine was 27c, I just lost patience because it never seemed to do much even when gold moved strongly. So just took the spike as a way out..

Been keeping a watch on these.

Some bounce off around $1.50 to $2.32 now

On 8/24/2019 at 4:17 AM, jerpy said:

Small batch back at 41c this week, looking for a small flip on gold strength alone.

Added to this yesterday and today first thing, nice little bounce, maybe still too early but looked a bit oversold to me.

Hmm maybe right, I’d flipped some back into WM.t which my latest trade there was a little underwater.

Managed to offload my GZZ at 41c, really didn’t get greedy. I’d waited a long time for that spike, so I tool a 18% return. It wasn’t a big play, so I was glad just to turn a profit with a fair bit of patience.

Just now, hector said:

Not tempted to offload yet (the benefits of having bought very low). But I think we will see channel resistance above $7.

Still my second biggest position by some distance but suppose Dr B gave me food for thought. So just decided to bank some as we got near $6. I’ve been trading since January and this was pretty much a trading batch.

5 hours ago, drbubb said:

Sold a few at $1.37, book a nice profit, while retaining.a majority

Better call than mine, well played again!