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Aarin - not at 25% but did add a chunk more AXU shares to my portfolio today. When silver makes another move up this fall AXU will be over $3 again. Love the predictions for a $5 and $7 share price - that would make for a great Christmas.
A good production report is due, but the beat down of PMs continues despite huge inflation.
Shakin the Tree... 2nd qtr results coming. We should some pop soon..
The precious metals/materials has been diving since June 1st. My lithium and graphene stocks are getting hit as well.
Crazy....I can't find the reason for the huge price drop. Any ideas?
I am loading up at these prices. I may end up with +25% of my portfolio in AXU.
FWIW, Zacks has AXU highly rated. They suggest this will go up a multiple..
I was thinking more like 7.00 as that would be double the deal price of those shares .....because there is no manipulation.
Oh, quarterly silver options expire on the 30th, so I might expect the move up to start Monday. Also the wild card is that Basil 3 thing.
This Silver Baby About To Run to $5.29
Price is Right BOB!
Come ON DOwn !!!
Before July 29th - Calling my Shot
Been In and Out of AXU for 10+ years!!
Sometimes you just know!
1 Bag Coming Soon!!!
Looks like everyone received a portion of the pie. The stock will start to move up now
I think this is a good entry, nice dip on relatively good news.
Ironyman - I care, my brother in law, 2 nephews and mother in law care. We have all been accumulating shares. Great to see today’s move north and look for a step up to $5. We are in production and adding mine life - congrats to Clynt and the team
Stock and company are doing well but no one cares.
Increase in reserves....the news seemed good to me.
Shortvolumes.com
Ironyman,,where do I go to see the short sale volume? TIA
Super interesting is that short sale volume was 57%. As such, it implies that there is buying pressure, which could mean someone knows something.
There is always a leak.
Short volume down to 30%....Percentage wise, this has a great deal of catching up to do.
More like .....When naked shorts are forced to cover
I sold a chunk of my IDEX to buy AXU as silver seems to be a talked about commodity currently. Once AXU gets out of the Covid situation I think it will pick up again.
Disclaimer: DO NOT BUY OR SELL FROM ANY OF MY POSTS. BE SMART AND DO YOUR OWN DUE DILIGENCE.
ironyman.. Sure hope you are correct. With all the solar panels being made now silver is a very large need.
Hey Stony,
The other day, 69% of the trades were short sales. It’s not the small investors who are selling. 52% short sales by share volume has been a typical number.
The news is saying that Basil 3 rules will make it more difficult to sell unbacked metal contracts. I’ll believe it when I see it. Let’s hope the usual summer run happens.
As a new shareholder I am amazed at the number of people selling off their shares after the 1st quarter report came out. What did they expect with Covid crushing all labor affected corporations. How does a mining company expect to do well when they basically have less than 1/3 of their workforce. Yes it is a great time to buy shares as next quarter should start to look better. Sometimes I think people just don't use the brain they were given to think with. Enough said.
Short sales volume at 65% yet the stock price went up yesterday.?
Looks to continue moving up.
Those shorts can’t be too happy today
Long term chart looks darn good. ...I hope management stays straight on, but this is a mining company and the odds are they will do something stupid.
Hope mom is a good cook Ironyman
I wish my mom was that generous.
Silver demand still strong.
LOL,,,,I wish that I had some Reddit friends. It’s so lonely living here in my mothers basement.
Ironyman - you may need to rally your Reddit buddies to burn these shorts out
Wow, 74% of AXU trades yesterday were short sales.....I’ve personally never seen anything like this.
Thanks, appreciate the explanation - I have never shorted a stock - I know it is an important part of many investment strategies - always been in the mindset of betting on the positive (long plays). Hope I’m not just being a stubborn Italian!
Dingocub - I am more focused on the near term silver play with this one. Sounds like in second half of year that will have current plant at full capacity doing 1 million ounces a quarter.
Don't forget they own a Gold mine too. 6 years down the road til production. Mt Nansen.
https://www.cbc.ca/news/canada/north/mount-nansen-mine-cleanup-sale-1.5126480
Keno Hill is a Silver Mountain. only 25% developed
Hey Family Roots,
I owned First Majestic several years ago. I sold at a tiny profit. I think the company is great and Nudemeyer is a great CEO, but a major factor driving me away from First Majestic and to companies like Alexco is jurisdiction. Mexico is already trying to squeeze more money out of First Majestic and the real economic calamity has not yet arrived. I can't imagine what other nonsense First Majestic has to deal with down there that we never hear about - narcos, bandits, etc. Alexco being in Canada is a huge plus.
SeaBlue - not sure if you also own First Majestic as I do - I respect Keith and look forward to good things with that investment (as I do FMG) but feel that Alexco stock price is much more responsive to the moves in Silver - up and down - if silver gets to $100 - we’ll be sitting pretty with this one.
One analyst I listened to a few months back was not an Alexco fan because of the Wheaton royalty. My understanding is that the royalty was recently renegotiated. My mother/in-law owns some Wheaton. Pays a little dividend and is projecting $1 billion in cash flow this year. Maybe they can pay bust out retail for First Mining!
Yes. It is based on what is considered to be the risk on the trade going bad, and those guys have the very best information. Further, one has to put up more money each day based on each client risk evaluation.
Hey Family Roots,
I have watched this stock for several years. I owned it previously and sold it once it went up....that being said, the current setup for silver is so darn good that I had to buy back in because Alexco is beginning production. That is true even with the streaming deal they have with Wheaton. Silver at $100 and this stock would really move. I think you will definitely be rewarded and probably sooner rather than later.
Ironyman - educate me - is the 27% relevant to what someone would pay to place a short on Alexco?
Hey SeaBlue - glad to see I am traveling in good company. So happy to see Alexco is in production and enjoy how responsive the stock price has been to moves in the price of silver. I have been a buy and hold investor here - my nephews like to play the dips and runs with this one
The current price to rent AXU shares is 27%.
Family Roots....I see we own some of the same stocks. Good to see you here. If silver takes off like I expect it to, Alexco should do very well. If their drilling campaign targets prove up extra resources, Alexco should do very well. Things are looking pretty positive here from a few different angles.
Thank you for posting the video of Clynt. I have owned shares in Alexco for years now and just bought more last week at $2.49.
I am so happy to see Alexco become a producer and look forward to a bright future of huge profits. Must admit that the written version of the year end results fell a little flat with me but this video reassures me that Clynt and the team are on the right path.
Congrats to Clynt and the team and best of luck as you implement on your 2021 objectives.
I’d like to ask a serious question to you all. What’s a better buy, AXU or SilverCrest Metals (SILV)? SILV has the goods! Which is a better priced play at the moment? And Which has better potential, and why? I would appreciate serious responses. Thank you very much.
flipped shares when I realized it wasn't going to hold $2.6.. Closed out my covered calls for 'gains' (sold for 12 cents, closed them out for 2 cents)
Bought another round today.. but also asked the question of, IF AXU is the tree in the forest that fell (announces production ramp up, sales), given the state of the PM sector (the forest), will anyone 'care'...
So in at $2.43 this morn, only looking for $3 now for starters.. Who would have thought something that got their permit, got their act together, and is ramping up production would still be $2.40/sh..
PS: new presentation on their website from a March 'conference'..
Only interesting/new part was on the state of their ramp up, with looking like July for reaching max dirt moving/day..
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