RE: Copper - massive premiums for immediate supplies.25 Oct 2022 20:27
CAML is a good pick for copper. Take a peak at the balance sheet. No debt. Kazakhstan mine so nice location, rail etc. +more and zinc In Moldova, and juicy 10% yield! On a negative chart has been a nightmare it keeps pointing to 200 but has thus far resisted. So average in if you fancy. Oh and any hint on rebuilding Ukraine and it will fly!
Also PXC as I have mentioned before (USA). One for the high risk bottom feeders as non dilutive finance is pending and IF landed could result in a huge rerate. Not many shares for a miner and top BoD and ESG creds. They are even planning to use the gravity railway that ships ore down hill to generate electricity and feed the surplus into the grid. Now that’s innovation!
But on the charty tecx theme….
My buys in SMS are now well blue. They visited sub £7 and I piled in!
After a process of elimination I could only attribute the drop to selling for liquidity as it coincided with the LDI fiasco. I bought in in tranches and will exit over the next few days leaving a core position there for my income pf and of course to have cash to protect that and other positions.
Then on the charts look at IQAI, it’s lubbly, I may just have called the bottom Monday!
Could be a move now to 3’s. Ignore the sells there today many are buys.
The thing with IQAI is it has huge I mean huge potential but that has always been the case but no noteworthy income or deals have erstwhile been forthcoming. They are currently scrapping by on grants and some income from the LA hospitals (unbelievable really, the potential) and have switched off non core activities to stretch cash.
Run by the Machiavellian CEO Trevor Brown you really don’t know what to expect but he has ‘nepotised’ the share structure to load up the Brown families tax efficient holdings and there may yet be one more capitalisation CLN twist. But here’s a thing there’s an FDA phase one due plus news on their AI MRI scanners. Thankfully it’s the scientists that do the heavy lifting and both are so well respected, pioneering and capable.
My rec is don’t put a penny in there unless you really really want a fun rollercoaster for a few bob that you can seriously afford to loose! I have traded it to within an inch of blue and hence recognise the bottom when I see it. But would I buy more. No way! Albeit I would now if not already invested.
Would I sell for 3p at a 40% profit or even 10p? not on your ‘Nelly’! Expecting 20p min, again! before I consider exiting and honestly I think even 50p or bust is equal odds!
Usual caveats
Trek
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