Post by
cupricity on Dec 17, 2020 4:53pm
Anybody look at Inomin
Nickel deposit adjacent Gib. Interesting little company, very low float and market cap of under 2 million. Seems to be nice clean board. Somewhere to send a little play money. On the other hand I have given some swing trading a shot here. Sold at 1.39 bought at 1.35 only to watch it tank after weak and surprising PP. I guess sometimes hogs get slaughtered so we should take profits. Currently with copper price at 3.60 and SP at 1.75 where it was with a copper price of 3.10 I think I will let this tiger run for a bit. At 5 dollar copper like Goldman Sachs is calling I shudder to think of what that could mean for TKO.
On the insider selling thing these guys, for the last 10 years, have been selling shares to excersice options when they can. It rubs a guy a little bit the wrong way but they keep increasing their share counts.
I also believe that it is not all bad. I had a big stake in FVL in March when I was pretty much wiped out and in TKO but Sprott came along and made a big PP at 30 cents. Rode it up to 70 cents and switched out to TKO at 60 cents. It is at 95 and TKO is at 1.75. More importantly FVL was 5 cents in April so technically my TKO money is at least a 15 bagger. But luck and patience usually pay off.
Regardless do no not forget to do some selling! I have bought shares at 4 dollars and 40 cents but a static position rarely pays. Patience thourgh because the upside here has a ways to go yet. I think we are just getting started honestly.
Comment by
nofluff on Dec 17, 2020 5:05pm
inomin likely good. B.c. full of mineral. Got lots on my plate though. Glad things worked 4 u. nf
Comment by
JCSunsfan on Dec 17, 2020 5:08pm
When you say adjacent Gib, how close? Any chance Gib has future nickel potential somewhere on the property? That would be huge. Battery industry is facing a huge nickel shortage,