A Gold Miner Rerating In Progress & A Lithium Special Situation
Swapping Out A Recent Purchases For Two High Octane Under The Radar Situations With More Upside
I try to avoid short term trading, but sometimes I come across new ideas that are more attractive, so I decided to swap out one of my current gold miners for a new one that is just starting to rerate, as well as a company focused on lithium with a very interesting technology for extracting lithium from produced water from oil production. The stock has basically tripled since October, for very good reason in my opinion.
They have a partnership with a large oil company in the Delaware Basin which should be announced this year, and they are planning to move their headquarters to Texas and are looking to add a listing on a US exchange later this year. Both stocks have had monster runs over the last several months, and I usually have a hard time buying charts that look the way they do, I think they still have significant upside to fair value. The gold miner is just going into production over the next couple quarters, and the stock has quadrupled in the last month and doubled in the last week, but I think the valuation is still a joke.
