July 09, 2013 12:08 pm
but I rarely have the opportunity to buy stocks in penny range as Ijust can't afford failure at my age. I do try to find dynamic growth stocks and put 5% of my taxable portfolio into them to a maximum of 20% of overall portfolio.
ZEN attracted me purely on its risk reward and graphite macros. Being stable, in Canada, well run, close to infrastructure, well financed, probable tonnage etc etc............helped a lot !
Based on current market cap alone, and if all else lines up, I could envision a market cap in $500million-$4Billion range based on back of napkin calculations.
So though I'm in at $3.15, I expect to see my position trade between $10-$30 within 12-24 motnhs.