RE: RE: RE: I bought big timeDarcy,
Well I am not all in. I have a rule never put more than 12% of your portfolio in 1 stock. But I am approaching those 12% and it is my 3rd biggest holding in my portfolio.
I just can't see it lower than my average price at $47.5 cents regarding what they have in Tajik and Kazak and all the potential. The main negative point is management execution but regarding the price I paid for my shares I do believe the risk/reward is in my favor and would not be surprised to wake in 5 years and to trade at $5.
As I said before I am not a speculator usually it can take me years to enter in a stock (like TPL) but when I enter it is for the very longterm (4 to 6 years).
I really like the last move with the 34% buying share on SSE in Tajik. The fiscal term in Tajik are one of the best in the world and their land seems to have massive potential if you look at the neibourhood.
Kazak is close to be selfunded with the cash flow and we just need now to produce around 3000bpd in Tajik to be selfunded in this country (it can take a year to reach that target).
GLTA
Best
Julien