EdgarL...like the way you think, thanks for your input!Hi Edgar,
I haven't made anything close to 400% but I made well over 100% by pateintly accumulating SAS for 3 years. When it was bought by Kirkland Gold, KGI, in Noveember, 2015, the value of SAS was finally unlocked, basically the shares increased in value from about .3 to 1 dollar over 7 months. I've been slowly selling my KGI and diversifying into other stocks, mostly gold, and in the process I've accumulated about 400K of AVK, breaking even at the current price. It does scare me that AVK has not moved much despite good developments in the company, so I keep questioning what am I missing. When Kirkland bought SAS, SAS went down significantly, it was depressing and nerve wracking, but I believed the value thesis and persevered, didn't sell. Couldn't believe how much my perseverence paid off this year, after years of pain, and I still own quite a bit of Kirkland which I contiune to believe is a great company. I'm also heavy into Newmarket (incredible drill results, adding to their reserves), Integra (ditto), Balmoral (love high grade in Canada), TMAC (monster in the making, long mine life like Detour), Pretium (emerging monstor next year), and some sliver miners, tipping my hat to the gold/silver ratio.
Note, it freaks me out that people are starting to be bullish about gold. Adam Hamilton's work is reassuring in that the bear was so vicious, it's possible the huge run up just gets us back to sane low valuation levels (despite the parabolic run up)...but there will be profit taking to be sure....
Anyway, I'm looking to diversify further into:
other gold stocks
other sectors
If you don't mind sharing, would love to know what other gold companies you see as value investments, and whether you are buying stocks outside the precious metal sector?
Best to all longs,
Poet