I put a bid up for S32 during recent lows at 2.83 to double my already solid holding. I would have got them at that sweet price but cancelled for other alleged opportunities.
Damn!
I have been kicking myself black and blue ever since. An unforced error, particularly as I saw it clearly and put the opportunity into play.
Damn! Damn! Damn!
On graphite: Maybe. There is nothing wrong with GK & team building out in Mn Ni Al Zn while Mr Market is swooning over copper. Base metals are their core competencies. Low risk; outsize returns.
The balance sheet is awash with cash from the sale of coal. Expect sweeping moves - alongside the very big capex going into Hermosa the monster.
Damn!
Ash
S32 Price at posting:
$3.70 Sentiment: Buy Disclosure: Held
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