RE:My skeptical and optimistic takes on LME...Outside the "pump and dump" talk, your post is great. I just don't subscribe to the reasoning that its either a buyout for 10, 20, 30x current + or it's a fraud.
I don't think it's a sure thing and would be highly suspicious of anyone who says that.
I think you are in a better position than most here. Five percent of your portfolio is risk tolerant assuming the majority is in safer assets, and as you pointed out there are enough positives to believe that at your average cost of 80 cents there is a goof profit to be made.
I will add a couple more reasons that I am optimistic.
-The Ontario goverments critical mineral strategy and their subsidies of Stellantis and VW. The present is "electric" and minerals are the new oil.
-The Greenstone Project.
And a few more pessimistic thoughts (for me).
-There is no evidence at all that they are negotiating a sale. None. And the absence of evidence is not proof of the opposite.
-I don't think they have the leverage in a deal making scenario. Not quite a "blood in the water" scenario, but potentially a "wait and see" one. The Ishkoday may turn out to be one of the largest mines ever in Canada. No guarantee at all that Laurion is the company that is able to extract that value.
-There is no evidence that the aerial survey was done at the request of a potential acquiror. Laurion is a data company. Data companies acquire data. It could just have been the most economical means at their disposable to add value to their existing datasets. It will be interesting with the next financials to guesstimate what it cost, but I think it was cheaper than drilling a bunch of holes.
-Roger. Not for the reasons you mentioned.
That said, your allocation looks right to me but I don't know your situation. Averaging down is something I would consider, but you may want to wait.
Appreciate the disclosure, my average is the same as yours, with buys between 0.24 and 1.06. I have a higher allocation of my total investments but have a nice pension that allows me to take on a bit more risk while staying comfortable.