I sold Pantheon Resources this morning for a return of 103%. Its long-term betting edge has dropped to -260%.
Anglo American Platinum has preserved its positive betting edge for several quarters and it currently stands at ~3%.
Africa Oil sports a healthy edge of 7%, while Tag Oil’s edge is a whopping 68%.
Eloro’s large betting edge of ~40% remains unchanged from last quarter.
Gran Tierra has developed a substantial edge of 9%.
Impact Silver has redeveloped a small edge of 2%.
Metallic Minerals is off its lows but still sports an edge of 10%.
New Found Gold still has a substantial betting edge of 32%, while Labrador sports one of 28%.
Exploits has firmed up, but an edge of 43% still makes it enticing.
Touchstone’s edge has risen this quarter to almost 40%.
Stillwater Critical Minerals has fallen with the PGM complex and its edge has swelled to 23%.
Like Stillwater, Sibanye’s edge continues to grow. It now sits at 24%.
Sokoman, like the rest of its brethren, languishes, and although off its lows, still sports an edge of 27%.
Earthlabs can be had with a small edge of 3%.
Summa has an edge of 17%.
Tudor, like Teuton and American Creek (recently the victim of an elaborate pump-and-dump scheme), represents value with a 17% edge.
I continue to add to silver, gold, platinum, and copper names on sustained weakness.
As the nature of trading has fundamentally changed in recent years and more strikingly, in the last several months, with AI clearly making inroads into territory formerly the stomping ground of traditional algorithms, I have grown reticent; disinclined to share current setups and weightings. If machine trading was characterized as predatory, AI is downright rapacious.
Consequently, the rate at which I post has slowed, though my approach to investing remains unchanged. The edges to which I refer clearly represent a metric whereby which value propositions may be identified, but I think it’s prudent to withhold such data as entry and projected prices going forward, as well as whether or not these are issues in which I am currently invested.
