Purchased another 50,000 shares at market to bring holdings to way above a million.
I like junior companies that have deposits that i think that i likely to become a mine. Companies that are very well run and are conservatively financed. That is, companies that have enough cash in the treasury to last a 12-18 month vacation in capital markets are the type of names that populate my portfolio.
Investors need to find sectors that are out of favor and hence cheap. If one has the confidence to do that and also realise that commodity markets are capital intensive and cyclical, it would suggest that the contrarian strategy is the only strategy that makes any sense over time.
People have two choices...you can be a contrarian or victim. I think that this frame of reference is extremely useful in investing.
Invest wisely.
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