Good Old CopperstoneI began to buy Kerr recently at .13 when I saw an algorithm buy 500 share lots from BMO for hours at a time. I like it when big fish nose the bait, so I wasn’t surprised when wonderful drill results arrived soon after. I bought more at .145 and hope to snag more before the jump to 21 cents.
This is a moment in an investment cycle I love, confident I’ve found a company with great risk/reward where it’s early enough in the game to do well as better positioned, more knowledgeable entities ultimately move in to manage and manipulate the situation and shares to their own ends. I’m cynical, but also at peace because I know little minnows like me can do very well as bigger investors feed.
I intend to trade into the rises and build my overall number of shares, but I also know from trading Bonanza and Queenstake, I tend to lose more money more quickly on the downsides than with my greater number of upside wins. I feel humble and a tad wary, but also a bit like an athlete, prepared to be here. I think it is obvious if disaster doesn’t sideswipe us, we are likely to enjoy substantial returns with Kerr Mines.
I don’t have access to level 2 quotes, but if anyone posts a screenshot during the day, I’d be grateful. Best of good luck, everyone, and thanks to those of you posting. Much appreciated.