You're stuck in this thing north of $3 aren't ya? It doesn't take much to turn a "trader" into an "investor". One bad day.... Take the hit and move on. Dead money's exactly that.... dead money. jmho
whether you are long term greedy or short term not interested, the fact is, the company is up >30% in a month, after the drawdown from a firm selling their early investor allocation, not any other fundamental or macro reason. Right now, I am just going by the current price action. What I would like to see is a lot more volume being traded on the 515k float and a break of their most recent highs. But as a growth firm, there is a relatively cheap company, with a lot of potentials within their current assets + their database, to reap the benefits of passive income from Royalties. Some traders will buy and hold and yes that will become an investment. Gold is definitely helping attract more investors looking for quality within the royalty and streaming space.
US CPI data out tomorrow (12th May 2021), stronger inflationary fears will put the US 10-year benchmark yields higher, and Gold lower. With the recent miss in the employment data, the market upset would be for CPI to come in under 2%, which would drop the 10-year yield and that is where GDX could pop. With that VOX could benefit too.
CPI came out yesterday right? Worst since '81. Gold barely barely budged. I realize you think this is a growth stock, but do you also realize there are 39.6 million shares outstanding? VOXCF $2.28 1800 shares traded, and I realize this is traded on the Canadian exchanges so my data is for the U.S., but a quick look at the Canadian stuff.... who the hell buys a stock that trades 18K shares/day? Someone can buy 10 shares at the ask and it paints a 20% gain. Good luck selling into that. How long have you been playing stocks? And I mean that with no offense.
I totally understand where you are coming from. Personally, I like the general royalty model. I also like being early. The 39.6million shares outstanding are held by diamond hands, if they were going to sell they would have done after they listed, surely? I'd be interested to see what it takes to get a growth company like Vox off the lows, is it Gold above $2k, is it $6 million in revenue, is it more than 10 production stage assets in 2022? The crypto is a store of wealth argument is unravelling, the precious metals will become more favourable again. Rather than being in one asset, I like the idea of having base metals, critical minerals added to the mix with a bias towards precious metals. Vox ticks those boxes. Let's just keep an eye on the shares traded, if we suddenly start seeing 1 million tranches go through and the price pegged below $3 we know something is up. Until then I am just going to keep pushing the upside potential. There is more to come from this company, every interview they give tells more of the story and analysts like Red Cloud see the positives, Crux Investor picked them as the royalty company to follow over all the rest that were interviewed. So it's not just me.
too long and have the battle scars to prove it. One of my early forrays Xcite Energy (XEL) went to zero, so I know a bad company now from a good one. Lesson 1. If the directors sell to de-risk, so will I.
A measured move to the upside may be wishful thinking currently, but not out of the bounds of reality, should we get an impulsive move great enough to break through near-term resistance.