Antares Minerals (ANM.v)

ANM.v, Feb 21st to date

People tell me I need to sell the subscriber service harder, so even though I'm not very comfy about shoving a big marketing spiel down people's throats here's a half-hearted attempt.



Antares Minerals (ANM.v) was first analyzed and called a 'buy' in The IKN Weekly on December 6th when the stock stood at $1.42 (we only ever have a max of 15 buy recos, by the way). But here's what was said on the stock as a small section of IKN42, dated Feb 21st. The stock stood at $1.70 at the time.

Antares Minerals (ANM.v): Ducks in line

I want to take a moment to emphasize my confidence in the current investment in Antares Minerals (ANM.v). Yes, I am long. Yes, it’s already a top pick selection. Yes, the whole investment was outlined in the NOBS report in IKN32 (if you’re new round here and want a copy, just say the word). But every now and again, and it doesn’t happen very often, my feelings on a stock go from strong buy to “man, I just have to pound on the table about this one as hard as I possibly can”. The last time it happened was in Dynasty Metals in December 2008 (DMM was at $1.40 or so at the time). There have been a few other occasions but I don’t want to fill up this report with “hey-look-at-me-aren’t-I-wonderful” types of commentary about past trades that have worked out well.

The point is that Antares has that “ducks in line” feeling about it, right here and right now. Therefore this short section is the sound of me banging on the table about the stock and waiting to see how the next few chapters of new resource number plus PDAC plus Xstrata at Las Bambas plus continued strength in copper plus beginnings of market awareness in ANM all combine.

ANM.v now trading at $2.41, which is 69.7% up from the original buy reco in December and 41.8% up from that table-banging of 12 days ago. What's more, subscribers know the target is plenty higher. The next Weekly, IKN44, is out Sunday.