If you don't mind and bear with me. Unfortunately I'm not looking to get out. What I have is a suite of say four copper/gold miners, developers and a mining services co. open to the metal prices. At this point in the cycle there's a heap of pain for non -producers. We know in the next few years the're likely to be shortage / demand for Cu & Au. When that becomes obvious they will all run up but the non- producers the most. My challenge is to get hold of the best value of the explorer/ developers at this point of relatively high distress. i.e I have to take the pain. When it rolls over we should get three times the current value of those as least. So for XAM 20c plus. But when it becomes frothy I have to feel a different type of pain as to bringing myself to sell my ones that have more than doubled. I'm hoping it is by take-over to bigger caps like Avanco to OZL.
Sorry if I bored you.
XAM Price at posting:
5.7¢ Sentiment: Hold Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)