Goldtent TA Paradise

AXU: any thoughts?

1. JSKauai says:

   January 3, 2020 - 2:20 pm at 2:20 pm

   I don’t like the wpm stream deal other than that an its an ok trading stock with good volume. If you want to own and hold a silver play MAG is my top holding. They will become cashflow positive in 2020 and allow them to go out exploring with Peter Mcgaw and team.

   • Isarmina says:

     January 3, 2020 - 3:16 pm at 3:16 pm

     Thanks for that info. I’ll check it out.

2. Aurum Maximus says:

   January 3, 2020 - 4:24 pm at 4:24 pm

   I own both plus AG and SILV. All great IMO.

3. Karl says:

   January 3, 2020 - 5:47 pm at 5:47 pm

   My opinions are compromised, biased. [[[I have owned AXU shares for I think literally decades and added lots in the past year — sold over the summer and rebought in the autumn and early winter (tax and chart related both) — but now own plenty. I own a lot of WPM, buying since spring or summer of 2019. I also don’t look at charts the way other people do necessarily.]]]

   Nevertheless, my opinion is AXU is just great. It has lots and lots of silver in the ground, likely enough to do well or far better than well as long as Ag prices don’t crumple, the WPM streaming deal notwithstanding. It will have the kick of starting to produce soon. It should be self-financing as it expands in the area–should have enough cash from what it has on hand plus from operations is my **guess**.

   A nice little bonus is that it has a successful small subsidiary that cleans water from old mining operations–profitably.

   As far as I know management is sound, though I don’t know details. I know of no problems with indigenous people, though some of the people with 2nd homes in the tiny mining town nearby have complained of the horror of resumption of mining with big trucks harming the peaceful rustic experience that they fly to.

   I personally find the chart overall rather attractive. The share price is volatile enough that the stock is probably not a bad one to trade short term for those so inclined.

   • Karl says:

     January 3, 2020 - 5:55 pm at 5:55 pm

     Maybe the 2nd home-ers drive there not fly there. I was improperly shooting from the hip.

4. Pyrite says:

   January 3, 2020 - 5:50 pm at 5:50 pm

   Do a Daily chart with volume by price. Currently butting up against a large volume area at 2.40, but after that, it is fairly blue sky.