$50k Challenge Annual Review

The $50k Challenge was launched just over a year ago. For those who aren’t aware what this experiment consists of ill give a brief explanation. Anyone in the micro-cap space would know that we are looked down upon in the investment community. So I thought I would create a small public portfolio where I could prove that micro-cap investors can …

The $50k Challenge – Update 10

The $50k Challenge Update 10 – 24/06/2020 Stock Code: HMXOD Shares Sold: 1,383,000 Share Price: $0.014 (average) Loss %: 23% Loss $: $6,020 Reason for Selling I royally stuffed up the execution on this great company. The options have an expiry date of 30 September so I was forced to sell the options as the risk of holding was too …

The $50k Challenge – Update 9

The $50k Challenge Update 9 – 17/04/2020 Stock Code: IP1 Shares Sold: 226,545 Share Price: $0.013 Profit %: 59% (average) Profit $: $2,039 Reason for Selling Like most micro cap stocks, IP1 has taken a big hit due to the coronavirus share market falls. Has had a surprising 300% run today on the back of no news. Based on the …

The $50k Challenge – Update 8

The $50k Challenge Update 8 – 17/10/2019 Stock Code: MSEShares Purchased: 1,666,666Share Price: 0.006 (Purchased via Capital Raising) Reasons for Buying: 1) Very impressed with their recent HPA acquisition 2) Drilling to commence imminently to establish a JORC 2012 resource 3) Low market Capitalisation and Enterprise Value considering project and future milestones 4) From a peer comparison perspective ADN started …

The $50k Challenge – Update 7

The $50k Challenge Update 7 – 29th August 2019 Stock Code: HMX Shares Sold: 174,936 Share Price: 0.038 Stock Code: HMXOD Shares Purchased: 405,000 Share Price: 0.017 Based on the time value associated with HMXOD (sept 2020), if HMX gets to 6c then HMXOD should be trading between 4c – 4.5c. Hence risk reward is greater in the options. As …

The $50k Challenge – Update 6

The $50k Challenge Update 6 – 26th August 2019 Stock Code: HMXOD Shares Purchased: 625,000 Share Price: 0.016 I have increased my stake in HMXOD due to the continued performance of the price of gold as well as the potential takeover of our neighbour EAR. For the initial assessment of why I purchased HMX please visit: https://www.thespecinvestor.com.au/the-50k-challenge/the-50k-challenge-update-5/ Please remember all …

The $50k Challenge – Update 5

The $50k Challenge Update 5 – 15th/16th August 2019 Stock Code: HMX Shares Purchased: 174,936 Share Price: 0.026 Stock Code: HMXOD Shares Purchased: 353,000 Share Price: 0.015 Reason for Buying: 1) Directors own 13.5% of the register. A further 26% of the register held in 3 other hands. 2) Low market Capitalisation and Enterprise Value considering sector and peers 3) …

The $50k Challenge – Update 4

The $50k Challenge Update 4 – 13th August 2019 Stock Code: CR1 Shares Purchased: 41,666 Share Price: 0.24 Reason for Buying: 1) Directors and deal makers have significant holdings 2) Low market Capitalisation and Enterprise Value 3) Potential acquisitions across multiple resource sectors 4) No cash or equity raising requirements in the near future 5) Deal makers have had huge …

The $50k Challenge – Update 3

The $50k Challenge Update 3 – 2nd August 2019 Stock Code: IP1 Shares Sold: 228,000 Share Price: $0.044 Profit: 100% / $5,000 Shares Remaining: 226,545 Reason for Selling Definitely wasn’t expecting IP1 to run 100%+ within a few days. I need to be prudent and lock in some gains and free carry due to the unsuspecting volume and gains. I …

The $50k Challenge – Update 2

Update 2 – 30 July 2019 Stock Code: IP1 Shares Purchased: 454,545 Share Price: $0.022 Reason for Buying: 1) All 3 directors have significant holdings in the company 2) Major shareholder took his full placement in the last raise. 3) Low market Capitalisation and Enterprise Value 4) Payment systems is a hot sector with numerous multi baggers in the last …