Thanks IBD for your research and thoughts.
Like many who make good money in the markets,goals are less focussed on buying a boat or another house but the challenge of the markets themselves.....and the challenge for Asculpeous is a 100 bagger- not achieved yet but a worthy challenge.Ignore this if not interested,and its all just IMOO.
IPT is one of the few stocks that qualifies for being able to 100 bag- but what are the chances?
And even more challenging are being able to hold for the necessary period of time.
To answer the first question, we know that Blackridge was going to be mined,the partner fell over,and somewhere in the area is a recovery system that Mike is possibly now negotiating on.This could give us early cash flow to continue a drill out of the other projects that will have the ability to give us 100 bags.Mike has previously stated his view on conglomerate gold:if it's there, just mine it.It is there in spades.
So what are the chances of the other projects delivering?
These are the difficult questions,but given previous drilling ,it is probable that we will have an economic reserve at BH. It is then a question of how economical (which is another probability function)
With regards to the signatures at Apsley,the data that is hard to source is what percentages of similar finds at this stage are followed up with positive drill results, and then with positive initial drill results, how many go on to have a mineable resource? If both of these are positive,we have our 100 bagger. Say for example (and it's just a guess) that there is a 20% chance- however we need to add this to the other projects where there is at a guess a 20% chance: result- a high chance of a 100 bag project and a low chance of them all failing- these are the sort of figures we need to start with.
The second problem is for a trader being able to hold.From experience,Asculpeous can say it is very difficult.The inexperienced will tell you that you can sell on the peaks and buy back in,but it rarely works for those who have large holdings bought at a low price.Even a holding of just a million shares,say in DEG for example,would have seen and equity drop of approx. $400,000 in recent weeks. By the time you confirm a turn and another bull run,the price has already picked up,and today for example, we have a trading halt for a "material results" announcement.
Some of us have held IPT for a while, and the temptation is to "get out even" or make a few bags and walk away happy. THat's fine,but I suspect that traders such as yourself who have put in the hours,want more than a few bags.Almost said "deserve",but the market doesn't know what we do or don't deserve!
So Asculpeous will offer 4 trading tips for those who are current holders who want to make 100 bags (as said,haven't done but getting closer and these things seem to work)-these tips will soon be lost in the sands of time,so no point in hogging them:
1.Once the stock starts moving on drill results,wait a minimum of 3 months before making a trading verdict as to whether it's worth holding with the potential of the 100.The drills will do the talking by then.
2.If you set targets based on TA,and the price blasts through your targets,hold.This has happened x2 in DEG so far and threw a lot of traders out.
3.Don't look too hard at your equity fluctuations,just look at SP.At times there may be a 50% fall back and you'll be wondering why you didn't sell-but it is very hard to get back in with decent volume.For stocks that are going to do well,the pull backs are relatively low volume,so if you hold a swag of shares your own trading will influence the SP.
4.Don't start thinking what you'll do with your paper profits.In Edwin Le Fevre's book,there is a good example of the problems caused by this.One becomes too emotionally attached to the stock.Just concentrate on doing the trade right.
Having waffled on about this,Asculpeous may exit at 5,10 or 20 bags and not wait for 100.It totally depends on what happens in the future,and that we don't know;but what we do know is that IPT Has the potential to deliver.
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