Although the bulk of my focus has been on water fasting these last two weeks, I did make some time to refine my portfolio a bit. Actually, I’ve made a whole bunch of moves lately, but rather than get into all the details at this time, I will instead provide readers with a snapshot of where my portfolio currently stands. Anyone who has
Last week, I made the announcement that I added 35,000 shares of Perseus Mining (PMNXF), a mid-tier gold producer in West Africa. At the time, I did so because I strongly felt that shares of Perseus were extremely undervalued. With the most recent acquisition of Amara Mining (CLUGF) now nearly complete (Amara shareholder approval of 90% was finalized last Friday), I’m speculating that a future re-rating of the combined entity will be in store in the near future. The “new” company will now
I CASHED OUT OF MY POSITION IN PERSEUS MINING (PMNXF) TO PURSUE THE ARB OPPORTUNITY CURRENTLY AVAILABLE THROUGH SHARES OF AMARA MINING (CLUGF), WHICH ENTITLES SHAREHOLDERS TO ALSO OBTAIN WARRANTS OF THE “NEW” COMPANY, POST MERGER. PLEASE SEE THIS LINK FOR MORE DETAILS.
When it comes to gold mining stocks, my idea has been to get well positioned before sentiment starts to turn… So, over the last 6 months or so, I was aggressively adding to core positions in my portfolio. Again and again. For the most part, I’m done buying, but I still follow the sector closely.
These days, more and more readers, friends, family, etc. are asking me on a regular basis for top picks and buying ideas… Quite honestly, things have just been turning too fast for me to be able to process… it’s all been quite dizzying.
So, I really don’t know.
More than anything, it’s just been fascinating to watch the shares of the miners rip higher as the spot price of both gold and silver remain more or less flat and dormant. They always say that the miners lead the way, so perhaps their price actions are foreshadowing things to come in the future for the
For the most part, I am just about done purchasing gold mining stocks. I made it a goal of mine to only participate heavily during periods of immense fear and despair. Until further notice, those days are now over.
Although we’ll always be able to find things to nitpick about in our portfolios, there was one
What a wild week in the markets! I didn’t get a chance to update during the week, but here’s a recap of everything that’s happened.
First off, as I mentioned previously, my investing days are just about over… I’ve worked really hard over the last 6 months or so to best position my
When it comes to investing, I’ve dedicated the last 4 years going full assault, as has been documented on this blog… As I’ve mentioned previously, right now, the ONLY sector that I am remotely interested in is gold/silver mining stocks…
I’m a firm believer in looking for deep value and buying low… With gold’s relentless early surge so far this year, I can’t say that it’s gotten any easier looking for bargains.
They are still out there, but it’s starting to get just a