Value Microcaps Junior Miners

[dr_airtime]

My plan for GDXJ Rebalance Buying

Luke - thanks for the links! Been busy with new job so less time for personal research.

I owned a few of the longer trading days names I've sold out now. Based on the "days to trade" list and also current charts these would appear to be best 'trading' buys. Also have good long term stories too:

ASR.TO Alacer (12 days)
PRU.TO Persues (11 days)
DPM.TO Dundee (18 days)
TGZ.TO Teranga (16 days)

Other notable mentions
Firs Mining Finance (gold project bank) (FF.TO) (20 days)
China Gold (CGG.TO) (20 days). Down 50% in last 3 months. This is a trader.

Based on this Early July (After June 17 rebalancing carnage clears). I would plan to load Teranga and Alacer in that order as big two positions, followed by China Gold as a trader out of summer lows.

GORO only needs 5 days to rebalance so I think it will bottom before June 17, potentially in May at around $3.00 (we're almost there) I don't think GORO will be all the way down to $1.50.

The best TSX/TSSV tax loss buys in mining often bottom before the year-end Dec 23rd tax selling deadline. The GDXJ information is out there and there is a lot of front-running so I would expect this to be the case for some of the names above - especially GORO.

FYI - I talked to a friend in mining industry and all Mexican miners are having huge issues with the Federal Government stretching out VAT refunds to a half-year plus because they are experiencing fiscal issues with low oil price. Going to go check out GORO's balance sheet now and report back in sepearte post. This is a current issues for ALL MEXICAN MINERS so you need to look at receivables disclosures for any of your holdings.

Perseus is an eventual buy at higher gold prices and not going anywhere soon.