TMQ is up more than 43% since I bought this tranche about six weeks ago. South 32 exercised its option to form the joint venture in December ahead of permitting news regarding the access road. South 32 must be very confident that there will be positive news coming on that front.
I believe that it is likely that TMQ will be going higher, but this is a solid profit in a short time frame. I still hold a larger TMQ position that was purchased before I began publishing this blog and I intend on selling additional shares on any future pops in price.
There are only four open Speculations remaining. I will be keeping an eye out for more.
Sold tranche at $2.68 (USD).