Patience in Speculation

Disclaimer: This is not investment advice, nor is it a recommendation to buy or sell shares in the company/companies mentioned.

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The information contained herein is accurate to the best of the author’s knowledge, but the material and interpretations contained herein should be independently verified by any party using this information as part of any research, editorial, or decision making process. Any views expressed here represent the author’s opinion only, and as such readers should do their own research and come to their own conclusions if they are using the opinions contained herein as part of any larger due diligence process. The author may have long or short positions in the companies mentioned and may be buying or selling in the market depending on which way the wind is blowing at any given moment. Opinions are subject to change without notice. Prospective resources, predictions, comparisons, financial projections, and extrapolated metrics are, by their nature, subjective and interpretation dependent. The topics covered are highly speculative and involve a high degree of uncertainty and risk. Speculative companies can and do go to zero. By using this site, you agree that the author(s) and Hydra Capital is/are not responsible for any damages incurred by the use of the presented materials. Anyone reading these blog posts should know that they are the author’s thoughts and opinions, which are not to be confused with or construed as research reports.

Disclosure: The following represents my opinions only. I am long AAV, AOT, AYA, BIG, CDR, CRE, GOT, IAU, OGC, NGD, NPR, NSE, NXE, RDU, TAO, TNZ, U.UN, and VGCX (image credit to Aron Visuals on Unsplash)

It’s been a couple of months since I put out a Trick or Treat basket of seven stocks that I thought would have catalysts by the end of 2023. Only one came to any kind of conclusion before the end of the year — and that title goes to Radius Gold (RDU.V, last at $0.125) which unfortunately learned that its Tropico target wasn’t as straightforward as hoped. Of the balance, two have seen news this week, and four remain “pending”. So much for things happening “on time” or “as expected”. A quick run-through is in order. A common theme that seems to keep coming up is patience. Typically, I don’t think of my speculations as requiring patience, but lately, they’ve needed just that. My rationale in saying that is based on my belief that just because something doesn’t happen on time doesn’t mean it isn’t going to happen — assuming of course that the company in question is still on a path that is objectively the same as it was when the speculation began… because there’s always a story…

Tenaz Energy (TNZ.TO, last at $3.59)