You may already know why Minera Alamos (MAI.v) traded like…
…today, if you do you now get to read about it a second time. There’s a long-term holder of MAI.v shares who got in cheaply three plus years ago and has wanted to take profits (any complaints about a person wanting to cash a 350% winner?…?…?…no, me neither). The profit-taker has been drip-selling at 7-handle prices, so today the parties came to agreement on the major part and it was lifted at 68c (approx) to its new, tight-handed holder. As for a personal opinion, a non-negative day for gold tomorrow should be enough for Minera Alamos (MAI.v) shares. Disclosure: Long and not selling. And too many hyphens.
Got in for some yday…author is 1/1 for me so far with MIN.TO.
Had to sell a bit of KL to finance which is my only holding. Note, my cost on KL is 7 so profit taking. Any comments on why KL has been so weak lately? I do understand Fosterville, but hell its incredibly cheap still.
KL only holding = took profits on MIN and bought a lambo. Good man.
I don’t follow KL closely enough to have a decent opinion. My indecent one is that the mkt still assumes Fosterville matures quickly, adding 1 or 2 more years is only a BandAid on its current NAV. So they have to buy something soon and the mkt prices that in until it happens. Bottom line: Ball is in TM’s court.