In my last post, I described the Apex Critical Metals website as:
A slick, informative website, breaking up the dense geology sections with fun phrases like “Modern geophysics lights it up”.
That statement has been corrected, since I conflated with the slick, informative website of another critical minerals speculation I’ve been researching and accumulating.
This stock doesn’t have much trading history given it IPO’d just 3 months ago, so I’m holding, and possibly adding between $1.00 - $1.15 CAD, with no stop.
If it goes up, great. If it tanks, no problem: I’ll wait until there’s enough data to trigger “bullish” by my metrics then revisit it.
Battery giant Contemporary Amperex Technology suspended production at a major mine in China, unleashing a huge rally in producers of battery materials.
CATL, the world’s largest manufacturer of electric vehicle batteries, said its Jianxiawo lithium mine in China’s Jiangxi province would temporarily halt operations for at least three months after the company failed to extend a key mining permit, which expired on August 9, according to Bloomberg.
We’ll get back to investing rather than speculating soon, as a renewed “special situation” signal is imminent on blue-chip energy dividend-payer Chevron.
That signal, whenever it triggers, has an 89.5% hit rate over 55 years of data. There’s roughly 1 signal every 3 years with an average gain of 62% over an average of 20 months, not counting dividends which would make it closer to a 70% average gain.
Average drawdown is only 12% over 2 months, for a fantastic risk/reward ratio.
Thank you for this!