PNN 0.00% 13.0¢ power minerals limited

PNN ..caution, irrational exuberance, page-17

  1. 2,973 Posts.
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    All looks pretty good, I'm just happy with the profits I've bagged to date and don't have the cahonas big enough to hang on for the results and the capital raise. This looked really good to me at 1.6c-3c/sh and it was on the nose with investors then so I found it hard but dug deep. There's a school of thought that you buy mining exploration stocks well in advance of the drilling and sell before the results, thats what I've done here. Means I probably miss out on the home run/retirement package if they strike it big, but I earn a living and stay alive in the markets. I was taking profits on PNN in staggered lots from 4.5c/sh up to today. My learning, in hindsight would have been to just leave it, but its an uncertain world and I did pretty well.

    Am still holding AGY who are already draining the Rincon Salar from the other side and finishing filling their evaporation ponds for production.
 
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