Fortuna is a low-cost producer with a clear path to tripled production and plenty of blue sky potential, both in new acquisitions and discoveries. We regret retted having to sell, and now that a lot of the risk has been removed, we want it back in our portfolio.
However, there’s no need to rush. This is a story of value being added over time, not of imminent news causing a sudden surge. So, buy on weakness – shoot for C$2.00, and back up the truck for more if a broader market correction gives you a chance to do so under C$1.80.
With precious metals making like a yo-yo, now is the perfect time to exercise some discipline:
Do not chase this stock.
Place limit orders and try to buy under market on days when gold and silver fluctuate downward.
Now don't be a naughty little boy and claim you got yourself a 25% winner now, will you?