IKN

Hereditary sloth instructs me

Insider trade of the day is…

…this one:

Beaty buys 14,571,100m shares of his karma-leveller. Link here.

And to be honest, when the 3q14 numbers came out a couple of weeks ago I thought AXY had finally turned a corner, too. Darned nearly said something in the Weekly, but kept it focused on miners. The difference now? The subsidiaries are performing and adding cash to the structure, rather than fracturing it. And there’s that recent geothermal deal signed between the countries of Iceland and Nicaragua, that one fits both ends. I don’t think AXY will ever be a massive multi-bagger winner, but it now has the makings of a long-term cash cow…this thing could spit out small divis for the next 45 years.

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