We exited First Majestic ($AG) on 1 February 2021 at designated R5 Odds Engine Level — U.S. $23.08 — for a return of 431%. The trade had 8/5 odds of success, or an implied probability of 38%.
We initiated a position in Barrick Gold ($GOLD) on 1 February 2021 at a price of U.S. $22.22. We are targeting U.S. $40.00 — a trade with 13/5 odds, or an implied probability of 28%.
We exited Centerra with a paltry profit in response to rumors out of Moscow and a rapidly deteriorating investment climate in Kyrgyzstan.
Cash reserves = 16%