I haven't posted in a week or so....I have trimmed TC down to 17,000 shares.
Pretty soon moly will be at a level where you have to pay someone to haul it away so you can get at the valuable fill dirt. (Ok, but really...sub $8 a pound?)
The only way this goes up significantly now is if we get a gold spike. I like my Claude shares for that and added more at $0.29. I have 100,000 of that puppy now. Even it isn't doing as well as I would like, but at least insiders are buying instead of selling.
Maybe I will keep 10000 shares or so of TC just for sh&gr....
This seems a quite reasonable strategy (hold, and wait for negative news before adding).
Much more profit vs risk in NADL
Hey, that is a 40% miss from my target :-)
But seriously, the low target of $6 is obviously wrong and the high target of $21 is also wrong, considering they just had an offering at $25.
Seadrill might get back to $20, but if it does, NADL likely will go from $2 to $6.
Either they succeed with EC1456 and $11 is about $22 too low or they totally whiff and $11 is about $9 too high.
Hah! Your full of it if you think their is a possibility of Ultra using more than one account. It would be a bit obvious if they're posts were all the same person as your implying. Things would stand out.
Just need to be patient.
It is fun trading a few thousand shares on these swings from $5.06 to $5.30 and back.
I haven't been around because I have been admiring the rebound in my Seadrill and NADL stock.
A few more bucks and I will have made up most of my losses in TC.
What is the saying? "You don't have to make up your losses in the stock where you lost them" Something like that.
I didn't know this would rebound this fast.
At $1235 gold, we are talking over $200 of pure profit.
16,000 ounces x $200 = $3,200,000 profit
$13,000,000 per year profit on 180M shares = $0.072 per share profit. At $0.30 per share, PE = 4
Is not a hugely high PE.
Yes, ok, not only are the owners of Gencore poor at running an asphalt business, they managed to not make money on $90 million in cash investment money during a quarter where the market went back up.
Going to bail on this.
"Claude Resources (TSE:CRJ) Director Patrick Downey bought 70,000 shares of the company’s stock in a transaction that occurred on Friday, January 30th. The stock was purchased at an average cost of C$0.39 per share, for a total transaction of C$27,573.00.
Patrick Downey also recently made the following trade(s):
On Thursday, January 29th, Patrick Downey acquired 130,000 shares of Claude Resources stock. The shares were purchased at an average price of C$0.39 per share, for a total transaction of C$50,297.00."
When your company is undervalued, you put your money where your bald head is.
Moly is $8.51??? They are just giving that stuff away now.
Why anyone would bother mining moly at that level boggles the mind (except as a byproduct, but even then it is a low price)
I added 10k more at $0.31 today. Just little nibbles.
500k is a decent chunk...that would. take awhile to accumulate considering daily volume is barely 100k.
What you have here is $90m being controlled by $85m. Now the $90m will be $95m.
This will be over $10 in very short order (about 30 days).
I added a bit today at $5.05 (just another 1k shares).
I figure whoever is driving it down might as well sell me some of their shares before they drive it back up.