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As my readers would know, I love investing in property and increasing property prices have led to this investment vehicle being a big driver of my wealth generation over the past decade. Property bears continue to remind me though that I have been very lucky and I’ve invested in a period of extreme growth, while future generations won’t have the …
An introduction to The Great Martis I first stumbled on the Great Martis on a stock market forum called Hot Copper. He was this larger than life figure making what looked like incredibly ridiculous calls. I was still early in my investing career and I came across a stock that was trading at less than 1c. The Great Martis boldly …
Reading the book ‘Free Capital: How 12 private investors made millions in the stock market’. There are a few similarities that most of these investors seem to share which I wanted to briefly explore. 1 – They all had different investing strategies, but they all not only focussed on how much money they could make, they focused on how much …
The $50k Challenge Update 9 – 17/04/2020 Stock Code: IP1 Shares Sold: 226,545 Share Price: $0.013 Profit %: 59% (average) Profit $: $2,039 Reason for Selling Like most micro cap stocks, IP1 has taken a big hit due to the coronavirus share market falls. Has had a surprising 300% run today on the back of no news. Based on the …
The $50k Challenge Update 8 – 17/10/2019 Stock Code: MSEShares Purchased: 1,666,666Share Price: 0.006 (Purchased via Capital Raising) Reasons for Buying: 1) Very impressed with their recent HPA acquisition 2) Drilling to commence imminently to establish a JORC 2012 resource 3) Low market Capitalisation and Enterprise Value considering project and future milestones 4) From a peer comparison perspective ADN started …
The $50k Challenge Update 7 – 29th August 2019 Stock Code: HMX Shares Sold: 174,936 Share Price: 0.038 Stock Code: HMXOD Shares Purchased: 405,000 Share Price: 0.017 Based on the time value associated with HMXOD (sept 2020), if HMX gets to 6c then HMXOD should be trading between 4c – 4.5c. Hence risk reward is greater in the options. As …
The $50k Challenge Update 6 – 26th August 2019 Stock Code: HMXOD Shares Purchased: 625,000 Share Price: 0.016 I have increased my stake in HMXOD due to the continued performance of the price of gold as well as the potential takeover of our neighbour EAR. For the initial assessment of why I purchased HMX please visit: https://www.thespecinvestor.com.au/the-50k-challenge/the-50k-challenge-update-5/ Please remember all …
The $50k Challenge Update 5 – 15th/16th August 2019 Stock Code: HMX Shares Purchased: 174,936 Share Price: 0.026 Stock Code: HMXOD Shares Purchased: 353,000 Share Price: 0.015 Reason for Buying: 1) Directors own 13.5% of the register. A further 26% of the register held in 3 other hands. 2) Low market Capitalisation and Enterprise Value considering sector and peers 3) …
The $50k Challenge Update 4 – 13th August 2019 Stock Code: CR1 Shares Purchased: 41,666 Share Price: 0.24 Reason for Buying: 1) Directors and deal makers have significant holdings 2) Low market Capitalisation and Enterprise Value 3) Potential acquisitions across multiple resource sectors 4) No cash or equity raising requirements in the near future 5) Deal makers have had huge …
The $50k Challenge Update 3 – 2nd August 2019 Stock Code: IP1 Shares Sold: 228,000 Share Price: $0.044 Profit: 100% / $5,000 Shares Remaining: 226,545 Reason for Selling Definitely wasn’t expecting IP1 to run 100%+ within a few days. I need to be prudent and lock in some gains and free carry due to the unsuspecting volume and gains. I …