We sold SoldGold at 63 cents CDN after entering into the stock at 50 cents last year. The reason why we sold was because we got in on a lark without much due diligence asides from meeting management and looking at past drill holes.
Going forward is a mystery to us, we believe it is a good project but after a rough year in the mining markets, we are going to take our 13 cent per share profit and keep watching the story.
Evaluating the prospects and share price movement is beyond our understanding and capability for now. This site is not so much about stock picking, but we feel we should we notify people about companies we mentioned we were long in.
There is going to be more news coming from SOLG, but this is a huge project and timeline, beyond this tiny corner of the Internet to properly follow.
These markets are volatile and we feel we would be fired from any investment firm if this stock moves significantly higher, which is still a possibility given the scale of this project.
But we feel SOLG is overdue for some hard realities of building a copper mine, but our feelings are mixed with an upcoming economic assessment of the project due.
A profit is a profit, a rare thing for these markets.
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