All gold stocks moved this week and I definitely sold down my Gold Royalty stake too early.
GROY added 13% and FISH surged 16% so I won’t be adding either back to the portfolio. I sold my remaining GROY warrants between $1.70 and $1.75 and have now completely exited the position.
While there’s more room for Gold Royalty to run, the window to add more Orogen Royalties in the $1.70s and low $1.80s is closing. This is completely mispriced based on the exploration partnerships and potential of the royalty portfolio. Orogen might be the first company to get bought out by a major twice in the same metals bull market. I’m considering taking profits on Kingfisher Metals and buying more Orogen – after all OGN has an exploration partnership with Kingfisher on HWY 37 and a royalty on Hank.
It’s definitely been more than four hours. I may have to call a doctor because of the boner I have for this stock. By owning Kenorland, Altius Minerals and now Orogen I am covering a lot of promising ground in owning the next monster royalty on the ground floor.
Adding Magna Terra
Continuing with prospect generators. I was the fat finger trade on Friday that pushed Magna Terra Minerals above 10 cents. A nice exploration portfolio, a long term goal of generating royalties through drilling and Micheal Gentile as financial backer. A starter position I’ll build up over time.
