I sold all my Aston Minerals with a 53% loss and used the proceeds to buy more Canada Nickel instead. Since then ASO dropped from 6 to 2 Cents. Canada Nickel yesterday went up to 2.07 C$, up 23% in one day and more than 100% since the low in November.
When I first bought both ASO and CNC they had nearly equal mc. Now CNC is valued about 12 times ASO. I expect the gap to widen drastically.
CNC is in a very much better position. They have 50 million US in the bank. A bankable feasability study. Permission progressing. And 20 targets the size of Crawford which alone contains 10 million tons of nickel.
Unfortunately I got a little nervous and sold 96.000 CNC just before the good news came in a little later than announced. But still hold 130k, with already a very healthy profit.
ASO Price at posting:
2.1¢ Sentiment: None Disclosure: Not Held
