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Was poking around stockchase.com today, probably looking for... well, god knows what, really.
Stumbled across this guy James Hodgins, from Curvature Hedge Strategies, who seems generally to have some good miner picks - he likes Argo, SSL and BTO, for example, and dislikes the right companies too.
Anyway, have a look through his recent picks. Lots of non-miner stuff in there too. And also, a few miner picks I hadn't heard of, like Torex.
On deeper inspection, it's not that I like his picks - and some have tanked since, like Second Cup - but more that I like how he's in the past picked garbage, like SansGold, and now he's all bullish on BTO and AR.
The point being, if a lot of the remaining investors (i.e. who haven't permanently run away in disgust) are like him, they'll be buying the quality names only.
And thus Argo and BTO continue to move up, on above-average volume (for a Friday anyway), on a consolidation day like today.
He liked Huldra Silver in the past. Seemed like he didn't even do any DD, just bought some pitch.
ReplyDeleteNewstrike is a much better play than Torex in the Mexico GBB (yes long Newstrike NES). I saw the MC show and he was wrong on Torex (it is not in production but has an overdue bankable feasibility study coming). Torex is also the one that had a drug gang loot the project about two years ago.
I remember that! I remember wondering at the time if there's such a thing as a fence that takes dore.
ReplyDeleteNewstrike seems to be going up vigourously all of a sudden.
Torex had trucks stolen at gunpoint at their site.
ReplyDeleteNes just suffered from exhausted retail and a fund selling into weak bids.
So who had the breaking and the dore bars stolen? It was in Mexico too, maybe 2 years ago.
Delete"Breaking in", not "breaking".
DeleteMinefinders? Pan American Ag?
ReplyDeleteThat was PAAS further up North. To remind myself I searched IKN, here ya goes:
ReplyDeletehttp://incakolanews.blogspot.com/2010/11/mexico-drug-gangs-and-pan-american.html
I knew I wrote something on it at the time. Couldn't remember the name of the mine though.
As for NES, i'd like to like that one but the pol risk is risky in that neck of the woods, no matter how many security guards you have riding shotgun (literally) with your geol teams. As these things are exploration only up to now, it's not a major prob (the Torex theft was 4x4s only at gunpoint, as bakeapples said, when they found that they'd raided an exploreco and there was no handy chunks of bullion lying around...however it was enough to see their VP Expl hightail it out of there and frind another company to work at). Torex started off life as Gleichen and took over a deposit that Goldcorp screwed up community relations on. Nowadays they have the locals generally onside and also nowadays, it's the same team (barring a couple of names behind the INV takeover of the Quimsacocha snafu in Ecuador.
Torex is likeable as far as rocks goes but yes, NEX seems the tastier of the two. Sadly can't bring myself to buy either, esp now that the PRI crooks are back in charge and the WarOnDrugs™ will go soft all of a coincidental sudden.
Exploration drillplay trades? Yes, why not. NES bound to be able to put together a decent resource at some point and with most of the good stuff starting at surface, betcha the scoping study shows strong IRR.
Written without the aid of pretty colours on maps.
Saucer of milk for table 2....
Delete