Short Term Trading Week Starting: 16 Jan, page-166

Cobalt - AYR

AYR woke up today lol with that volume, only a few weeks ago had posted here if anyone had a list of Cobalt stocks, Anton kindly provided a few, was aware of AYR but hadn't looked into it, so cheers Anton for that; Initial Post here on 21/12/16: https://hotcopper.com.au/posts/21499478/single

Bought some few days later at 0.008 for a nice quick trade as it spiked up not long after then dropped again, sold off again today to be free carried, see whether I come to regret that or not but profit is profit, however last stock I free carried on too early was GPP lol at from 0.005 entry and free carried at 0.010. Can't be too greedy though and I stuck to my trading plan.

Volume today was huge for AYR though, I guess it helped with the NextSmallCap doing a write up, I find they're a shoot and miss with a lot of their tips but they provided some decent research to take on board.


Zinc - MLS

I think MLS is getting ready for a big re-rate, new sub holder owns 111.5m shares and over 100m shares traded today alone.

MLS that volume today was insane, just over 100m shares traded, all of it was essentially at 1c, I guess the market really liked the one Sub holder owns 111.5m shares after that notice was released last night.

Zinc drilling to start soon and they have their Lithium project in Canada newly acquired along with Graphite and Uranium (but don't really count it as MLS focus is on Zinc and Lithium for now, mostly Zinc), my buying is for the Zinc project and the lithium is a happy bonus.

Disclosure: first bought at 0.005 but have topped up at 0.008/0.009/0.001 and have somewhat free-carried

Low MC at $12m and plenty of room to move for a few bags, maybe more depending on Drilling results which are only a few weeks out.


Lithium - RMX

Drifting on low volume, compared to a month or so ago where it was trading 150m-200m shares a day, most are now holding and waiting for drilling to start at their Red Valley Lithium Brine project in Utah, which is meant to rival the $8.5B Clayton Valley Brine project.

Company Twitter page has been the only latest update before Xmas saying things for the Red Valley project are progressing well, other than that still just waiting for an update on when drilling will commence.

They are keeping the exact location quiet as they are still intending to acquire more land around their current tenements.

The biggest factor for me is BorgGeoscience are consulting on the project, that's a big tick in my book and they are helping to analyse further acquisitions.

RMX looking to acquire a Cobalt project or another Lithium project; potentially some of the other metals but the likely focus will be geared towards the EV sector with Cobalt and Lithium at the head of that.

A Cobalt acquisition will certainly ignite things, just unknown when this will come, they have been looking for a few months so could come any day/week and same for an Ann for drilling.

Probably has the highest re-rate potential of the lithium spec stocks if they prove to have what they say rivals the Clayton Valley Lithium project.

At current Market Cap of $12m it's very cheap, fair valued for what we currently know, so it's a great time in my view to load up.
354m shares, $2m+ cash

Also Assad Tannous and family members or who ever they are; holding quite a large chunk of options for services on multiple names; refer to the last options notice. Assad's recent tweet stated they are still holding the options to let things play out.

Disclosure: I have been in and still holding since 1c, traded the trade along the way so somewhat free carried, but have loaded up in the 3c-4c level and just holding for drilling, acquisition and drilling results.


Lithium - KSN

The only other lithium spec stock that I think will rival RMX in terms of re-rating and multi-bag gains.
Has a tiny MC of $12m and low shares, cashed up I think $5m but don't quote me on that, going off the top of my head.

Recent teaming up with LTR and CXO is a great move.

CXO now starting to pick up, KSN always seems to follow when CXO takes off, it lags a little but only by a few days and given CXO have brought forward their drilling next to KSN land it bodes well for KSN as KSN own significant amounts of land all around CXO in the NT.

KSN are also drilling at their project next to GXY which has recently started lithium production up again.

Their Gold project that was acquired last year is ready to start drilling and will be providing instant cash flow which will go towards funding the Lithium drilling, not that they need it given the substantial cash in the bank, but bodes well since no need for a CR anytime soon.


MZN - Have avoided posting about MZN in a long while, simply because of the legal battle with KDR, I've been free carried, sold off more today as it looked like getting exhausted at the low 3c level.

My caution to others has always been not to buy unless you're happy to take the gamble of MZN winning the court case, it's a huge reward if they win but you must be willing to lose that money more so than on other stocks.
That gamble for me and others who bought at 1.6c only a few weeks ago paid off when it doubled today, but it's always been high risk. Even though they have lots of cash in the bank, there are other stocks around with the same if not great potential and less risk. So for those reasons have not posted about MZN.


There are others like CXO but the post is long enough already and the first 3 above are what I think the best stocks right now for multi-bag gains and for the start of 2017 for Lithium/Zinc/Cobalt types, the least risky.

Always do your own research, the above are just my thoughts to share with the forum and not buy recommendations.

Cheers.