I have learnt a lot in the last 10 months. Number one is not to get too attached to a share.
I had to diversify as too much of my portfolio was in AUZ. Back of the book top 16 at one point but I had to think long and hard. Like mocha, I was dabbling KNM around the 7c mark. No way did I expect it to fire up before January. So here we are. Last week I made the decision to go hard on KNM. I don't own AVZ but I did own AGY. It's about the market cap. If it's too high I start pondering. EUC is another I have a lot in.
The market is valuing AUZ at over $200m, I think AGY is in a similar boat and maybe AVZ is too. EUC isd. Management is the key here and I think all of these have good management.A lot of Cobalt plays are getting up there. That's before they have even sold one ounce. You are buying a resource and the market likes all of these companies.
Sounds like a little impatience chasing the buck. It will cost you ! KNM hit 15c on Friday before the day traders did their runner. It will be back there easily. Do you look at cents, 13 versus 23? I dunno. just be happy with these. Announcements are imminent for all.
And don't be too greedy.
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