Premium subscribers to The Value Investor Report were first alerted to this mining stock on 6 June 2014.
Since then it has soared 13.47% as at yesterday’s close.
I believe there is still more to come. A lot more.
My conviction stems from the fact that this is a mining company that frankly should never have been sold off quite as badly as it did; it was a simple case of overreaction exacerbated by large institutional forced selling.
A quick look at the price chart will show you of it’s potential:
Chart courtesy of Yahoo! Finance
Management are doing and saying the right things that point towards good future prospects, revenue and earnings.
This is in contrast to a company I covered recently where management rhetoric prevented me from making an investment in an otherwise good turnaround story.
Depending on how the next couple of months pans out, I will look to add to my position in this stock and equally if the market is foolish enough to drive the price down to it’s February lows, I’ll similarly buy more stock.
Image: Gravel Pit