Thread by @RickRuleRulz

Guid to commodity 10 Baggers

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The easiest way to achieve a commodity ten bagger is to front run public opinion by two or thee years. You need to be a contrarian.
Look for out-of-favour opportunities or better yet, opportunities in sectors that are hated.

Speculators need to look to Exploration.

Mineral exploration is an intellectual capital business.

To participate successfully in early-stage exploration, you are investing in the ‘explorationist’ – invest in the proven mine finders, that’s important to know.

It’s important you meet with management, it’s important that you read the management information circulars and filing statements. It’s important that you understand enough of the geology that you know if the presentation given to you is factual or farcical.

In my experience, a five year time frame is the expectation to enjoy a ten bagger, which is my speculative goal. The speculator must anticipate at least one 50% share price decline, in the hold period.

The speculator must be prepared to cut losses, ruthlessly, should the game plan go awry, should the data indicate failure, or in response to any deliberate mis representation, by management.

The speculator SHOULD use price spikes, on heavy volume, to lower their average exposure, and have capital available, if the issuer experiences need, in illiquid equity markets.

Your winners must be big enough that they amortise your losers.

#gold #silver #uranium