Wednesday, September 21, 2016 1:01:51 PM
Zinc & Zinc Miners Update
Zinc sold off through most of September but appears to be a normal correction in current multi month rally. Line is my simply support line imposed on the LME price extracted from Kitco.
Trevali TV.TO corrected sideways, was off to the races a few days ago when market digested that the selloff apeared to be a normal correction, and jumped today on some great drilling news.
HER.TO/HER.AX Heron looks like a good buying opportunity as it is at $.13 now and I bought at $.15/.16. This is a development story and they have AUD 23M of cash and AUD 21M of WC so don't need to go to market any time soon so hoping stock moves up with Zinc price. This is the latest BS:
GPM.V Has had an absolutely wicked selloff after it's rally and is at $.26 vs. my $.38 entry price. Selloff just natural and the 'subscription warrants' (whatever they are they simply convert to one share) convert to shares today on the 21st, but I don't expect any more pressure as shareholders who financed GPM this year should hold to drill results. Contacted the company and they anticipate the first release of drilling results (5000m) in early November. First batch of core is at the assay lab now.
Zinc sold off through most of September but appears to be a normal correction in current multi month rally. Line is my simply support line imposed on the LME price extracted from Kitco.
Trevali TV.TO corrected sideways, was off to the races a few days ago when market digested that the selloff apeared to be a normal correction, and jumped today on some great drilling news.
HER.TO/HER.AX Heron looks like a good buying opportunity as it is at $.13 now and I bought at $.15/.16. This is a development story and they have AUD 23M of cash and AUD 21M of WC so don't need to go to market any time soon so hoping stock moves up with Zinc price. This is the latest BS:
GPM.V Has had an absolutely wicked selloff after it's rally and is at $.26 vs. my $.38 entry price. Selloff just natural and the 'subscription warrants' (whatever they are they simply convert to one share) convert to shares today on the 21st, but I don't expect any more pressure as shareholders who financed GPM this year should hold to drill results. Contacted the company and they anticipate the first release of drilling results (5000m) in early November. First batch of core is at the assay lab now.
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