There are various methods of speculation. Personally, I only place a small (approx. 10%) part of my portfolio on specs. I usually hold between 5 and 10 specs and only place money on a spec that I am prepared to lose. Currently, I own 7 specs - three are going very well (+2,650%; +1,060% and +200%) all the others are in a loss (-16%; -43%; -55% and -74%). AQX is at the bottom. I mainly speculated on the drilling close to ALK - clearly high risk and not successful speculation.
But where to now for AQX? I think that the AQX has good potential - but I am uncertain regarding the determination and ability of management. AQX does have many characteristics of a 'life style Co'. However. I will continue to hold and perhaps add - if the Co. finally starts to make a significant discovery. Until then, it is a loss part of win some, lose some.
Regards
Old Fisherman
AQX Price at posting:
1.0¢ Sentiment: Hold Disclosure: Held
