Morning all - a few days off from the markets post GE, for a trip to Clermont to watch @bathrugby (lose with dignity 🙄).
Great to see #RRE slowly recover. Said it before, but - a $1.2bn offer was made. Completion of that deal would have seen the SP up by 250% minimum, IMO.
#MKA also beginning to climb back up. The Talaxis / Chinalco MoU is massive: Chinalco is one of China's six SEOs that hold a near-monopoly over the global REE market.
Its partnership with Talaxis is, for me, evidence that it's acutely aware of the Pentagon's interest in Songwe.
#HZM is also recovering, in line with Ni bouncing. Expecting a busy Q1 there, with major newsflow generated by both projects. Current EV (~£27m) is simply wrong. If it doesn't change soon, I don't think it's unreasonable to suggest a takeover - Orion being an obvious candidate.
Surprised - but not at all worried - about #ACP coming off the boil. In six weeks' time, the SP will be markedly higher, IMO. Project economics will likely be enhanced in the DFS over the SS - $35m capex should be a walk in the park.
Closed down most of my profitable ST trades that were still open, but holding underwater #C4XD #ALM #JKX #HMI. Happy to hold the latter three for as long as it takes.
Speculative nanocap plays include #DKE #MOS #SNT #N4P.
One other speculative nanocap is #ROCKFIRE. Equity sold down for a glorious profit, but still holding a major stack of warrants. Confident they'll give me another 100%+ in coming months.
Obviously still very early stage, and small deposit (ATM) - but what a drilling campaign. 👌
AIM continues to cleanse itself, with a handful more casualties this week.
I wrote about this quite extensively in my old employment, in a monthly publication.
Whilst the total number of Cos is dropping quite alarmingly, both the mean and median mkt caps have risen steadily.
Finally - having restarted trading solely my own book on 2 September, my PF has returned +163%, pre-tax.
Having previously only been concerned with LT investing, I (at long last!) understand that being able to watch screens fulltime enables one to both ST trade and LT invest 1/2
For me at least, a marriage of the two types has been key to improving my performance these past 4 months. I have vastly overweight positions in my conviction holds, but in fact the majority of my profits so far have been generated from ST trading in liquid, in-vogue stocks 2/2
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