Disclosure: I own shares in one or more of the stocks mentioned. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Occasionally I will break my own rule of only investing in companies where I see value in the existing assets. I’ve just done exactly that when I bought some shares in Tower Resources (TRP) at 3.8p based on my expectations that sentiment will drive the share price upwards, rather than the actual current value of the assets having much influence.
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Comments
Steve
Market Cap is almost £150million when the new shares are included, not £100million as stated in the article, which is a bit sloppy.
However, overall I agree and have taken a holding today myself – hoping for a rise to be able to get some free exposure to the drilling results
Philip
Pretty much my strategy after derisking already on an existing holding and buying more at the lower price. Ready for another go.