Stocks

Two Blunders: Selling at −31% and −56%

Anyone can show you their winners. Here are two trades I got badly wrong, and why I published the losses the day I took them. I grew up playing chess, about sixty or seventy tournaments' worth. In chess, some mistakes are so bad there's no salvaging the game afterward. The technical term is a blunder. In April 2025, I told my subscribers I had made two blunders in the portfolio: NorAm Drilling, an illiquid small-cap onshore drilling stock, and EuroDry, an illiquid small-cap,

Stocks

Jul 162 min read

Anatomy of a 3x: Loncor Gold

I bought a DRC gold explorer nobody wanted at 47 cents. Eleven months later, it was acquired for C$1.38. Here's the full story - including the part where I almost sold. Every November and December, Canadian and US investors dump their losers to book tax losses. Volume dries up, bids disappear, and good small-cap stocks go on sale for no fundamental reason. I build my watchlist all year and go shopping in tax-loss season. It's a seasonal edge that's too small and too illiquid

Stocks

Jul 42 min read

Sell Taseko Mines (TGB, TKO.TO)

Republished from the subscriber portfolio update from 12th October 2025. Full update is available exclusively for subscribers. Copper miner Taseko Mines is now my third biggest position with an unrealized gain of 118.3%. Taseko is expected to announce first cathode production from its Florence Copper ISR project in Arizona by year end, i.e. within the current quarter. The last update on Florence Copper was in August, and that covered activities undertaken until the end of Jun

Stocks

Oct 12, 20252 min read