I'm going to take some losses and reduce my holding a bit around...

I'm going to take some losses and reduce my holding a bit around this level (and move it to other PM plays) just so my exposure is not diluted.... as I bought into the PM story (and mainly silver) for MKR and am looking for actual PM 'production' (or very near to it) companies.... it's a tough pill to swallow but that is investing.

The mineral sands business (if approved and then funded) may well prove a winner, but I think the 'potential' mineral diversification benefits are out weighed by the additional 'project' risks that are brought into MKR as part of the take over, especially based on what I see as a high level of dilution the project brings to existing MKR holders.

I'll stay around here (as there is still a silver story) but not as bullish for MKR in the near term.