5 Years in the Life of a CAPS Blogger
I've been pretty slammed lately, between my latest trip to Mexico to tour First Majestic's mines, and authoring some research reports for the Fool, but I definitely wanted to mark the occasion this evening of the fifth anniversary of my blog here on CAPS.
No plans for a retrospective here. Instead, just a few words about some of the moves I've made lately. I've initiated a major position in Molycorp near the recent 52-week low, and I'm very excited with the potential here. The price here is pretty astonishing just as the mine is coming online, and I expect the company's brilliant acquisitions to come to life as this product moves down the company's value-added supply chain.
I've sold my entire stake in Kimber Resources. As many of you know, I had been a holder of these shares for many years (since 2006 I think), and I continue to wish the company well in realizing some value for Monterde. But after speaking at length with some extremely knowledgeable folks with direct knowledge of the deposit, the absence of any buyout interest for the stock now makes more sense to me. It's not that the deposit has gone unnoticed, but rather that it's been examined and passed upon. I hope the company scores a home run, but I no longer retained sufficient expectation of such an outcome to retain my large holding.
I keep adding more Claude Resources and Sabina Gold & Silver. Also Major Drilling, Dolly Varden Silver, Argentum Silver, Etc.
Just curious... I've kind of ceased posting all my articles here as I used to do with some regularity. Are most of you finding my articles all the same? And do you use the "More Articles" link next to my name in any article to locate the rest of my recent pieces?? Thanks for letting me know!
Still so much to report on my First Majestic trip. Please stay tuned.
Thanks to you all for making my first 5 years as a CAPS blogger such a rewarding and worthwhile experience. I look forward to the rest of the journey to $3,500 gold.