Tax Loss Selling VS Drilling Results/Tug of WarWe are in Tax Loss Season and since Kerr is down about 20% this year it would seem logical to sell the stock for a loss against gains. However, with what Kerr has on it's plate it seems that you might miss a big move in the stock with "drill results" soon to be released on current expansion drilling. Kerr has 3 riggs in drilling process currently. I personally am looking for good drilling results and am using this weakness to continuously average down. Kerr has room to prove out multi million ounces in the future. I look for a continuous feed of news over the next few months into production. Kerr has definitely been a dissapointment in the past but the company has absorbed the "bunps in the road" and is in a good position to benefit from strong Precious metal prices into the future. Of course we could have poor drilling results which could be negative.
Star Royalties has done considerable due-dilligence before agreeing to commit to a finance program for Kerr into production I am relying on their due-diligence in addition to Kerr Management expectations.