Originally posted by ArthurDent
Another monthly update of the 'one year hold for one bag minimum' calls.Not looking very pretty with an average of -10.51% (and no bags).
For what it's worth I listened to the noise and sold out of BVS. Still seems to be showing relative strength.
Enjoy your weekends STT crew.
Geez my TAO pick hasn’t performed at all. I’m looking at what went wrong and I’d say a combination of
- Poor sentiment in markets pretty much selling off everything
- Lethargy in these 20cent compliance shell IPO’s. TNO Was the only recent one where the team really delivered for shareholders. I’d say also given market conditions the rest of these shells are a bit spooked to vend anything good...hopefully we’ll see another mineral IPO runner once market gets healthier & commodities come back.
- GTT and Brewer looks like they’ve moved attention to BKP as first priority so TAO has take back seat priority. I still hold (biggest dollar value loss in my portfolio currently) as I don’t see Connelly moving from a billion dollar company into TAO just for giggles, and now at cash backing.
Always room for improvement for me, and how wrong I can get them sometimes
Ive looked at the others on those list and am currently holding TAO and CR1 (tipped by Anton and Galba). IVZ (tipped by senderos and Victor) another quality asset backed by government I like. IVZ are coming out with their JORC next week. The reasons I don’t hold this however is cause oil price is rolling over and Cygnet the guys that put the deal together & largest holders have sold the lot...question is did they sell cause they know something or part of their derisking strategy. I know GTT do something similar to derisk and sell chunks into their deals (4CE, AVZ, LPD) all which end up 5-10bagging from sell so I wouldn’t write off IVZ just yet.
ADT is quality too but doesn’t fit my strategy I feel I’m too late to the party and it’s too well covered by traders.
K2F a growing tech co quite low EV. And SRN could be a multibagger if aus markets finally decide to run vanadium plays.
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