Nicely done mate, good to hear someone profit from STT on this runner, especially after waiting on it for a year to perform.
Wish I timed my buys with news and their timeline better, May/June wouldve great timing for approvals and commercialization. I got excited to early without realising how far they were from commercialization.
I was the one vocal on the other end saying it was a good buy at 3's lmao, that volume to me I assumed was absorption rather than distribution. Became obvious it was the latter rather than prior after it broke down 3cents, , still not sure who was selling so heavily but there is always someone ruining the party.
4CE imo wasn't popular in the 3's, but its popular down here with some very smart guys on STT, its lining up okay both FA and TA I'm happy to hold and even added some here recently.
I still hold BAR at a tiny profit, but its a pure technical trade for me. I'm happy to sell it off for a few pips if need be.
AVI got some nice volume into resistance, will keep an eye on it to see if it can consolidate here.
CR8 one doing consolidation on the brink of resistance. I was stopped out 3 times in the low 3's and high 2's. Fourth time lucky I got in properly, could move higher soon, also have a fundamental holding in it too which I will see where it goes till end of year.
haha at least you gave me a chance and kept TA open too
VEC technically I've got nothing to add...too illiquid and under 1cent is hard, other than the fact finding very little supply after raise. Definitely was done to tight tight hands.
Fundamentally I think it could come to surprise others, and may even outperform 4ce for these reasons:
- Has a great asset on its own without any acquisition. Better than 4CE's Mt. Adrah (which gave poor results, perhaps will give better hits of gold near Hobbs Pipe). One of VEC's mine is under 2km away from BANRO's cash cow gold mine which generated them >$120M revenue last year.
- Trading pretty much 1/10 of Banro's Market cap
- Its mines are located on the east coast of DRC which is scattered with world renown mines left right centre
- 4CE and VEC both have brewer as a director. If 4CE does well, I suspect people will pay a much higher premium for VEC. Continuation effect, so I'm happy getting in early.
- Hunting for acquisition soon
