New positions
- GT Gold (GTT)
- I pretty much thought GT Gold was overvalued for the entire move up and as Jayfire put it: “It’s priced for perfection”…
- Well the latest NR shattered that “perfection” and shares have sold off big time the last two days, so I took a small starter position for the first time.
- I don’t think the latest NR means that the project suddenly became tier 3.
Increased Positions
- Novo Resources (NVO)
- I have been re-buying shares of Novo Resources quite a lot during the last few weeks, and especially when it went under $7.
- News Release today was very encouraging.
- I will soon be putting up a “Novo Resources NAV spread sheet” showing possible valuation scenarios. The thickness presented in today’s release was above my personal (conservative) baseline.
- Fiore Gold (F)
- Starter position.
- Mediocre but cheap producer with a lot of triggers for potential revaluation.
- Beta play ATM.
Decreased positions
- Northern Empire (NM)
- Position got too large.
- Corvus Gold continues to expand their “Mother Lode Project” which is surrounded by Northern empires claims, which probably fueled the recent rally.
- Still bullish.
