Portfolio Update – October 2015: Azure Minerals

Hey guys,

Hope you’ve all had a great couple of weeks. It’s been a hectic few for me – I actually got married last weekend and have had family and friends visiting from all over the world, so I’ve been very busy indeed – hence the lack of posts. Things are starting to return to normal now though so I should be back to my normal posting regime!

As far as the portfolio goes, not a hugely volatile couple of weeks (by my standards) for my portfolio since the last update. The major developments this week are as follows:

Azure Minerals (AZS) continues to go from strength to strength, announcing a significant extension to the high grade silver mineralisation at their Mesa del Plata discovery in Mexico. I’ve spoken to a number of people who all seem to think that it’s likely this recent discovery has a high chance of being “the real deal”. I continue to remain very bullish on AZS.

  • Alexium International (AJX) continues to remain highly volatile in the face of some quite outstanding announcement. I suspect there is gamesmanship going on with the share price with the looming New York Stock Exchange listing. Broker data shows Goldman Sachs buying up large (to the tune of net $6 million+) over the past couple of weeks. All bodes well for the short, medium and long term.
  • Chapmans Limited (CHP) looks to be churning it’s way through a number of stale holders. Once the $0.01 breaks with conviction, we should see a nice move to $0.012, then beyond that there is very little resistance to speak of until much higher levels. I continue to remain very bullish.
  • Platypus Minerals (PLP) turned out to be an absolute dud trade. I only took a small parcel as I knew it was very high risk (as they had basically no cash). What I didn’t expect was the company to raise cash at over a 50% discount to the 15 day Volume Weighted Average Price (VWAP). I’ve never seen such a “crappy” situation for existing holders in my time on the ASX, and highlights to me that a) the extremely tough conditions that exist in the junior resource sector right now and b) the lack of foresight/skill of PLP management when it comes to that end of the game. More on that in the video update below.
  • The rest of my portfolio (AQD, BRN, LWP and PSY) have been relatively quiet and look to be churning away, waiting for their next move. I still remain bullish on all 4, although PSY is sitting near historic resistance and I’m hoping it can remain above the $0.18c level.

For a more detailed analysis of things, check out my video commentary in the clip below:

And for a run down of how the portfolio has actually performed, see the table below:

End of Week Portfolio Summary for 9th September, 2015:

Stock Average Buy In ($) Last Close ($) Last Reports Close ($) Change Since Last Report Overall Change (%)
AJX 0.574 0.920 0.960 -4% +60%
AQD 0.022 0.019 0.020 -5% -14%
AZS 0.033 0.044 0.038 +16 +33%
BRN 0.089 0.300 0.315 -5% +237%
CHP 0.008 0.009 0.008 +13% +13%
LWP 0.006 0.009 0.009 0% +50%
PLP 0.010 0.006 0.008 -25% -40%
PSY 0.250 0.180 0.190 -5% -28%

Hope you all have a great week in the markets.

Happy investing,

The Nude Investor

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