RE:RE:RE:RE:Grandich....I'd love this to be another Nevsun. It became my biggest position and biggest capital gain ever. All in, probably a 75% return over average holding period of less than 2 years.
I'm not into the conspiracy theory of Young manipulating things with Mimran. Reminds me of the allegations against Kukielski and how mgmt was going to undermine an acquisition to keep their well paid jobs. The mining industry is a small world and people that play self-interest games are remembered.
But, it does disturb me that Young doesn't buy stock and the company does such a lousy job in IR. Yet, they are building long term value..
I have a moderately large position in TGZ and still up 10% so no tax selling for me, but concur - unless POG goes up - this stock will go sideways or down.
Reaper: Understand if you want to bail, but in what are you going to invest, if I may ask? I'm in around 25 mining stocks, with my 2 largest positions being SAND (ok, it's a streamer) and Gran Columbia (which is less than 2x EBITDA because it's underground and doesn't have strong reserve numbers, but keeps increasing production. Also, it had a screwed up capital structure which they cleaned up, but similar to TGZ, is generally ignored by analysts).