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The next RMX and GPP, page-74

  1. 13,066 Posts.
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    No right or wrong, just whatever strategy works for the individual.

    Personally, I'm not one to buy other people's cheap shares, so getting in at or near ground floor is a must. Buying low EV resource shells over the last 12 months has been a pretty cookie-cutter template, with not too many misses:

    -> Wait for company to raise cash
    -> Get set in low EV mining shell (ideally, <$5M, with a bit of cash) at around the same price as directors/brokers
    -> Wait
    -> Price rallies in expectation or on project acq
    -> Choose whether to hold or take profits
    -> Occasionally there's a dud acq, like OVR but if you're in early, worst case is a BE

    IMO price has often run too hard after acquisition of the good projects and the R/R is against you.

    Best of luck guys, whatever your strategy.
 
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