I am/was tempted to book profits and I know a big reversal can happen at any time, but when I brought my last chunk I had the intention of allowing it to build into a big core position over the long term. The fact is we have cash flow from 2 mines and with this cash flow and no debt we can expand existing infrastructure or buy other operations only adding to our stock pile. Boss if it continues to head in this direction over many years could be a world leader in the top 10.
Its only the 13th largest public uranium business. The top Cameco is 22b and sure pound wise its a giant but boss at 1b MC can still grow into a tier 2 miner around the 5b MC range.
No debt cashed up aassets in favourable jurisdictions good management
so I changed my perspective from potentially trading it, as I am in around $2 so decent profits to date but I feel with the company fundamentals and the unique short squeeze potential as others have discussed is reason to stay.
I've treated Boss like when I buy a property. I made my money when I brought it at rock bottom prices .. the money is made. If there are reversals in the mean time so be it.
I usually trim and book profits at 100% growth and let the initial capital ride. I also don't allow positions to go more than 10% of my portfolio, which in this case it has already surpassed.
So time will tell whether portfolio discipline and my "Blind Eye" to my investment process will proove satisfactory every now and again on the right idea.
BOE Price at posting:
$3.98 Sentiment: Buy 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)