RE:RE:I've stopped trading Teuton ResourcesNo arguments from me with your take, CG. My point being, I now view this stock more as a value holding vs a speculative position. I expect they will continue to add value with each passing season. This is in contrast to typical juniors whose fortunes rise and fall with each turn of the drill. As with any asset, it is always subject to change as the conditions change, but it's now more of a macro evalutaion vs a micro one.
It is interesting that Orpimont has popped up in their discussions for this season lately. Perhaps the Seabridge core held a few surprises?
Countrygent wrote: Rocky, I have held positions for decades in some cases. However no stock is so sacred it can’t be sold if it no longer has a value proposition.
TUO is definitely a hold for me too, provided gold doesn’t lose support. To me unlikely given the inflation risks of international monetary easing, but if I lost confidence in a gold upside, I’d sell. The other likeliest reason to sell is a happy one - that the stock price overheats and gets priced above my value expectations. Then take profits says my playbook.
As I said a few weeks ago I’m also hopeful there might be a big copper target, and a copper/gold ore reserve is even more promising as a long term hold.
Right now, nicely priced with lots of upside, potential gold price upside, copper price upside, and a very interesting and potentially value-adding drilling season ahead. PSZ, Eureka and Orpimont sound like at least three swings for the fences.
cg