RE:RE:RE:RE:A Nice Bull Flag On The Yearly Chart 🐮 🏳 I was one of the people that converted most of my TUD over to TUO and some AMK over the past 1.5 years.
The overhang on TUD carrying 100% of costs just became so obvious. But that aside, even if one liked TUD as much today as a few years ago, you still have to factor in diultion that has ALREADY occured. Only accounts for a portion of drop in share price but other things like: overall market (although it has come back this year), lack of a big high grade find ala VOK, slow progress on metallurgy and gettin to PEA...................all these things need to be factored. For me, Im really happy with my massive position in TUO, some AMK, and some leftover TUD for old times sake.
Metrics?
90 days ago TUO was 42% higher than TUD, today it is 90% higher
1 year ago TUO was 3% ower than TUD, today it is 90% hgiher..........massive outperformance
THe outperformance WILL CONTINUE IMHO although the low hangin fruit is probably gone.........so at a lower pace......
Stockmoves1 wrote: One key element missing. Why did you buy in the first place? If you like the stock as much now as you did when you paid more than you aught to have, averaging down is a given. The caution comes into the technicals of where you average down. when $1.50 broke this became a penny stock once more as we are witnessing today. An entire blowout is in the works as we speak and yes we will be buying the blowoff. Where will this bottom? 50cts worse case, 59 likely.. Low to mid 60's seems a reality. Too good to ignore.. There is merit to not averaging down from a falling knife perspective but we are all here because we have faith as longs in the scope of the project. Mining stocks are obviously different than many because the resource determines the eventual payout. 3 rules of investing in mining stocks.. Location location location lol...