RE:I've stopped trading Teuton Resourcesrockport1 wrote: Hey folks, I have stopped trading Teuton. I have moved it into a "buy and hold" portfolio. I move them there if I expect to sit on them for three years or longer. No longer need to pay much attention to the daily machinations.
It's now become one of my "retirement stocks" ha, ha! Although, when I see dips like this, maybe I will add a new trading position. Can't resist.
rockport1 - I agree that Teuton is for holding while more ounces are added each season until a deal is done. I feel like we've pretty much won this one - just need to sit back and see how the final numbers work out.
However, I'm also perfectly happy to let the naysayers do some heavy lifting to crush the stock price, then buying more at the lows today. Some folks on the Tudor board are doing entire back-of-the-envelope PEA's. Interesting to see some of their assumptions (5:1 strip ratio, etc.) :>
I'm a buyer based on the premise that Dino opportunistically jumped into an investment he saw as very attractive. We'll see how it works out.
Do your own DD. GLTA.