Q: Hello 5i
I took up a small partial position in Atex with the news AEM bought a stake….at the AEM deal price
I did not buy huge due to dilution reminder in AEM deal……they have anti dilution rights.
Seeing the price jump obviously make me wish I had bought more.
What to do now?
I was going to buy more over time but did not expect the price jump.
Does one just add at this point or should a pull back be expected after recent move. Tough call but what’s your experience with wippy mining stocks say to you.
The deposit is real and heavy weights are in. That does not always mean timing is good for buy at $1.90/share.
Thoughts on adding here or a plan with this type of position?
Thanks
Dave
I took up a small partial position in Atex with the news AEM bought a stake….at the AEM deal price
I did not buy huge due to dilution reminder in AEM deal……they have anti dilution rights.
Seeing the price jump obviously make me wish I had bought more.
What to do now?
I was going to buy more over time but did not expect the price jump.
Does one just add at this point or should a pull back be expected after recent move. Tough call but what’s your experience with wippy mining stocks say to you.
The deposit is real and heavy weights are in. That does not always mean timing is good for buy at $1.90/share.
Thoughts on adding here or a plan with this type of position?
Thanks
Dave
5i Research Answer:
Pierre Lassonde is widely followed and respected, and recent momemum is very positive. Last week's drill results were very strong as well. There are risks, of course, but considering the stock has only declined on four trading days in all of January, trading volume has increased and market cap is now above $500M, we would be more inclined to be buyers now if we had already intended to be on any dips.