RE: PXEN9 Aug 2024 07:58
Pxen - fascnating news. I'm not in at the moment but its probably a buy in the late 5s - and then a long, slow walk up to 8s or 9s over time. don't think it will be a fast mover. MATD, AGL and HEX are the ones that are heading northwards in the short-term. I'm not in AGL though, but it will move like a rocket on news. I'm buying the CADs - Arizona Metals are previous management dump their holdings and Radisson Mining as the flow-through shares are sold off. So both have sellers but both have stonking assets. Arizona have a new CEO who's gonna go on the road and sell the company to US investors in Sep (starting at Beaver Creak) - Radisson have 8 mill in the bank from the last raise and results due...can't remember when, but soon-is. But I think Radisson have a few more weeks of flow through shares to move through (they are the CAD equivalent of placing stock) - but long-term Radisson is a good company...but long-term....each to their own on that one. Like ARCM, I have a chunk of those which I'll keep long-term in case Anglo hit pay dirt.