Monthly Review: Portfolio up 25% despite year end weakness. Major changes!

Dear Readers and fellow Investors,

altough our portfolio performance is a little weaker compared to end of October, we are very happy with an overall performance of more than 25%. We started mineninvestor.com 4 months ago and, given the significant weekness since beginning of November, we believe that we delivered a solid performance.

With this update we make some major changes and are selling some non-performing stocks. To be clear here: We are in the market to make money, not to promote stocks. Mineninvestor.com does not advertise nor do we receive any benefits from the companies in our public portfolio. Some stocks we sell with this update we still like, but we think short term others offer better upside.

Our portfolio-performance assumes that all stocks are weighted equally, but as we focus on educated investors our readers may of course feel free to do otherwise!

MAJOR CHANGES:

– WE HAVE RECIEVED OUR CASH SETTLEMENT ON THE INTER-CITIC (T.ICI) TAKEOVER FOR A REALIZED PROFIT OF 50%

– WE ARE SELLING NORTHQUEST (V.NQ) FOR A LOSS OF 11.8% BECAUSE IT IS A NON PERFORMER

– WE ARE SELLING LYDIAN INT. (T.LYD) FOR A LOSS OF 9% BECAUSE IT IS A NON-PERFORMER

–> WE ARE BUYING ASANTE GOLD (V.ASE) AS A TOP-PICK @0.265Can$ ! READ HERE WHY: http://mineninvestor.com/?p=397

Bottom line: The realized profits and losses account for an avarage 10% gain. We are using the freed up cash to buy V.ASE and to add to T.BPV = PREMIER ROYALTY CORP. All other positions in the portfolio remain a hold or buy in our opinion.

 

Name
Symbol
Last
YTD
Gain Since Added
Alamos Gold Inc. T.AGI 18.490 7.70 % 15.925 %
Asante Gold Corp… V.ASE 0.260 N/A 0.0 %
Bridgeport Ventu… T.BPV.WT 0.255 70.00 % 2.0 %
Bridgeport Ventu… T.BPV 0.630 110.00 % 59.494 %
Dalradian Resour… T.DNA 1.680 -7.37 % 86.667 %
Royal Gold, Inc. T.RGL 82.540 18.65 % 7.726 %

Legal Notice / Disclaimer
This document is not and should not be construed as an offer to sell or the solicitation of an offer to purchase or subscribe for any investment. Martin Hoff has based this document on information obtained from sources he believes to be reliable but which has not been independently verified; Martin Hoff makes no guarantee, representation or warranty and accepts no responsibility or liability as to its accuracy or completeness. Expressions of opinion are those of Martin Hoff only and are subject to change without notice. Martin Hoff assumes no warranty, liability or guarantee for the current relevance, correctness or completeness of any information provided within this Report and will not be held liable for the consequence of reliance upon any opinion or statement contained herein or any omission. Furthermore, I, Martin Hoff, assume no liability for any direct or indirect loss or damage or, in particular, for lost profit, which you may incur as a result of the use and existence of the information provided within this Report.

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