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Willowcharts

05/09/18 7:57 AM

#4388 RE: Trading for Fun #4387

My target is mid.20's I have 495,000 at .088 average. I am patient and understand what I own. This is a junior mining company and as such isn't going to wow us with news and material events at a rapid pace. If you have done the DD then you know that there aren't any other such companies with arrangements with Glencore. The 2 properties total about 650 ha. The material events that will propel the stock are the resource estimate that shows >100,000,000 since that is the bar Glencore has targeted. Next material event is the Glencore clawback option execution.

Imagine the demand situation on cobalt 6+ months from now, I think its the same or higher and cobalt is enticing space. Then imagine news of the Glencore clawback. That is the time I am measuring the stock price, not sooner as long as the company remains on plan(and they have so far done everything they have said) and the results remain within the expectations( and so far they have too).

This is not a short term technical trade, its an investment position. All the complaining about short term price action is simply the mm doing their job. Do the same and take advantage of the opportunity to accumulate at these levels if meets your portfolio criteria.

Just my humble opinion. If you need any DD let me know. My previous posts might help too.