2 Recent Buys – PAAS, ABCN

BuySell

A quick update on a couple of recent purchases in my portfolio. For this round, I added to existing positions in my portfolio in the commodities and marijuana sectors.

  • First purchase: I added 50 shares of Pan American Silver Corp (PAAS.TO) @ CAD$18.88. This week’s quarterly results saw a drop in the revenue and earnings. PAAS hit some roadblocks during the quarter and there is nothing fundamentally wrong with the assets or the management’s execution. This was a great opportunity for me to nibble and add more shares as investors punished with a 8% drop in share price post-earnings. The company continues to drive average costs down, and continues to exceed previous targets for the year.
  • Second purchase: Following up from my initial investment in a MMJ stock last month, I bought a second tranche with 1,500 shares in ABCann Global Corp (ABCN.V) @ CAD$0.99.

Full Disclosure: Long ABCN.V, PAAS. Our full list of holdings is available here.

3 Recent Buys – KL, CBW, ABCN

BuySell

Here’s an update on some recent purchases in my portfolio. For this round, I have one purchase adding to my largest position in the portfolio and two new positions and a new endeavor in a new sector.

First purchase: I added to my position in Kirkland Lake Gold (KL.TO) after the continued pressure. The gold market is seeing headwinds in the last few days and KL got beaten down on no news. In fact, the cards are all in favor of KL outperforming and leading the pack in the mid-tier sector as the amazing news keeps flowing. The financials are stellar, the flagship mines are running smoothly, grades are also improving on a regular basis, new discoveries provide added tailwinds, new partnerships are being formed securing future production. It is really hard not to like this company. Its already the single largest exposure I have in my portfolio and I continue to average UP — something that most investors do not do. I added 100 shares of Kirkland Lake Gold @ CAD$15.25.

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