written by reader Thoughts from Myron—Junior Miners in Europe

by takeprofits | August 2, 2013 1:32 am

PATIENCE AND CONVICTION

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Source URL: https://www.stockgumshoe.com/2013/08/microblog-myron-july/


9 responses to “written by reader Thoughts from Myron—Junior Miners in Europe”

  1. There are many more safer junior explorer/miners than those you discuss. For instance, Paramount Gold and Silver (pzg) has close to 8mm oz measured,indicated,inferred, and trades for about $1.35. It was about $2.50 before the April swoon, and is on the short list when the big guys start their m&a activity. Their properties are in Nev and Mex, two safe jurisdictions. Kaminak and Pretium both have rich veins, and are safely in the Yukon. Rye Patch trades at 1/2 of what it traded for two years ago, and it has 3mm oz, and more $ than its enterprise value. It too, is in Nev, and is likely to be bought out by CDE. While I am not trying to demean your picks, there are many excellent choices as the sector is beat to death and, with respect, I think mine are better.

  2. Thank you both for your comments Michael & Rob. It just so happens that I agree with both of you. Michael says “his picks are better” and I happen to own ALL of them he mentions. I bought them when they were at about the stage my current picks are at, and already have my initial investment off the table. My concern in exclusively profiling stocks already in my portfolio was, that until they get to know be better, people might think I was merely trying to push stocks that would benefit me directly by more people buying what I own. Obviously you two are more knowledgable of the sector than the majority of retail investors my column is aimed at. I agree that there are hundreds of beaten down juniors and that is just the problem, I can not possibly write about all of them in detail, or generate enough capital to buy then all for that matter. For the record, I consider Rye Patch (my last sale @ .77) and Paramount, and Kaminak as excellent buys at current prices.
    ROB, I also agree with you, Continental and Colt are on my buy list, again the same problem, there are simply far too many to mention in a monthly column or even buy!
    I try and pick stocks that are not as yet as well known, my input is less needed on stocks that are already well known. Have been following Continental for 2 years but until recently considered it too expensive, Colt is on my watch list, but again, while I focus on lesser known stocks and sectors, by following management groups with good track records I am usually “first to the party” usually well ahead of the better known analysts. I actually considered adding Colt to the current column, (see my comment about “runners up”) but there is only so much I can cover even if focussed on a particular jurisdiction. I also try to offer a selection of stocks at different stages of development and therefore RISK LEVEL.
    Again, reread my paragraph about the reasons I can not pick a single “fits all” stock for every investor, but what I am considering doing, is giving a stock pick a “RATING” based on the consensus of most professional analysts regarding allocation and risk management.
    Most would say do not invest more than 5% of your total portfolio in any one position.
    Others would assign 2 -3% to small caps, so perhaps I could establish a 1 – 5 rating system based on how much should be assigned to any one pick, in other words a rating of 1 would indicate a highly speculative stock that should be limited to 1% of your portfolio. Now I realize some may not be comfortable with speculative stocks at all, and that is fine, it is one of the many choices I can not control. Those who do however, know that risk/reward is a matter of CONTROLLING risk by proper portfolio allocations and diversification and some of your biggest gains will come from what are perceived as the riskiest stocks.
    FEEDBACK will be appreciated on this idea, hopefully it will make my service more valuable for the less experienced subscribers.

  3. charlier1955 says:

    Here is another rookie question: Insiders are required to report their stock purchases and sales and their exercises of company issued options. Are they also required to report purchases and sales of warrants and options on the open market? If so, it doesn’t look like these show up on any of the insider websites I have looked at. Have I missed something here? Comments from anyone would be appreciated, and leads to web sites that cover these, or good warrant web sites. THX

  4. thebrell says:

    Myron, Another intelligent & thoughtful article; your stellar contribution adds material value to the class act that is the Gumshoe.

  5. bosley says:

    Myron, I love your stuff! You add a totally different dimension to this website. In anticipation of your next column, I would love to have even one 10 bagger in a few short years, but I want to say that I’m extremely gun shy on gold mining stocks, I know the fundamentals of these beaten down stocks say there must eventually be a turnaround. But I remember in 2009 seeing on You Tube an interview with Ron Paul. In this interview, which was before the near financial collapse, Ron predicted with uncanny accuracy almost exactly how the crisis would go down. He was spot on. When the interviewer asked him when this might occur, he admitted that he couldn’t be sure, but if he had to guess he thought that it might happen in the fall. And it did it happened in October, 2008. The interview was taped in the spring of 1988 –20 years earlier!!! So what’s my point. I don’t know exactly. I guess I’m just afraid the gold market is and will continue to be manipulated by some very powerful (and pretty smart) people — and I don’t want to be the sucker (anymore!). Just saying. But again I love your stuff and you give me lots to think about.

  6. takeprofits says:

    Thanks for the kind words John and Brad. I am happy to share any wisdom I have gained in 20 plus years in the trenches. Having had numerous 10 baggers that contributed to my roughly 400% portfolio increase from the bottom of the 2008 trough to the 2011 high. I am confident there will be quite a few ten baggers in our future because I understand the fundamentals of the precious metals market, as manipulated as it is. I understand the vast majority of investors being “gun shy” in respect to the sector, but I hasten to add that most of my biggest winners have also been in emerging sectors like rare earths, lithium and other critical and specialty metals. To become confident in this market you need to understand Wall St. disinformation and propaganda that is designed to bamboozle the public while protecting the government and banker “establishment” who are hell bent on trying to “SAVE” a failing economic model. That being said, you need to “balance” that dual tidal wave of disinformation by as the late Paul Harvey was fond of saying; “the other side of the story” which you can get with a daily dose of interviews on KING WORLD NEWS with a dozen well informed CONTRARIAN MINDED high profile well accomplished individuals.
    That being said, there are some EX Wall streeters willing to blow the whistle on their shenanigans, and one of the best I have read lately that outlines the REAL REASONS for the recent April smack down of the precious metals is found at the following insightful URL with conclusions I myself agree with wholeheartedly based on my own in-depth studies. http://pro.moneymappress.com/EDIGOLD1199MMP/EEDIP810/email=UTAKEPROFITS%40gmail.com&a=8&o=4401&s=5170&u=1732116&l=116031&r=MC&g=0&h=true
    I am endorsing this expose because of the first half, with the disclosure that it turns into a promo for yet another expensive newsletter suitable mostly for millionaires. Stick with me and you will probably over the next few months get just as much intelligence with your subscription to the Gumshoe irregulars. I admit this video is lengthy, but the knowledge is priceless.

  7. takeprofits says:

    I had no more finished writing the above when I returned to my E-mails and immediately found reference to a King World News piece that again is essential for understanding what is happening in the “paper gold” market where as much (fake) gold is traded in a day as is physically mined in a year. The hypothesis of those who study the issues such as GATA is that most of the gold CLAIMED to be in the Central Bank vaults of Western nations like Britain, France and the united states is probably “long gone” to China or other Asian countries.
    This is an absolutely MUST READ! http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/8/2_More_Holy_Grail_Gold_Evidence_Panics_Western_Central_Banks.html

  8. steven says:

    Hi Myron, is AVPMF still undervalued?

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