Wayne, I'm rotating for the same reasons. There comes a time when you got to look at them and wonder (or compute), will this double from here, or are my chances much better elsewhere?
Drooy was my big 4 bagger, and I'm probably up 25 % with that money since. Drooy has more left for sure, but in the interim my bet is that same money will now do better over here. Pass is one I am a little unsure of. Well over a 2 bagger for me, but where are my chances better: Pass to 12 or Ssri to 6, for example? GLG the same.
Re Mnp I'm wondering too, and is a reason I've built a good stake in Tenke, wished it would have all been at my first entry. Figure between vt and Frank one of them should hit. Throw in a little of this and little of that ... for good measure.
There are some big names I won't be so quick to rotate on, Bgo and Kgc likely being two for example. I also maintain a decent stake in Nem, and will continue to do so. My opinion is that when the gold bull really starts to run, and I don't think it has, some of the well known North American stocks should lay it on. This sector will suck em in, just like techs and OSX did in their hey day.
About the only mistake I feel I've made, for my situation and style, is to sell a large holding of Hgmcy at 6, and not re-enter. Since pulling that stunt I've traded very cautiously. I don't like to chase but am watching it, and it is now the only SA gold I'm watching. Will do some more reading on it this weekend. Looks to me like that company is one oiled machine.
You have probably seen this.
gold-eagle.com
One nice thing about where we are probably at in PM's, is a mistake still really isn't a mistake, just less than optimum as long as one remains somewhat patient. |
