selling MGA -9%, QTA +108%, TUE +4%, TVC +73%

Mega Uranium, MGA, closed below what we hoped would be support at $5.50 and accordingly we sell for an average loss of 9% on our two open positions. We remain bullish of Mega's prospects, however we no longer wish to hold it until markets and its trend settle. The stock price failed its trend line below $6 and rather than sell we waited in the hopes it would find a footing at levels which had offered support in the past, but currently the stock is not proving resilient against continued selling so we step aside.

Quaterra Resources, QTA, is +108% for us and we feel it is time to realize those gains.

Titan Uranium, TUE, is +4% and we do not wish to risk this modest gain turning into a loss as we believe the current trend suggests will occur if we hold.

Tournigan Gold, TVC, offers us a 73% gain which we now book. It appears to be heading for its support in the low $3 range, and we may bid there to replace our shares.

Through much of the coming month we will be travelling to visit remote sites and may not be able to post updates during that time. As always, be vigilant and adhere to stops in order to preserve profits and capital. Markets are treacherous. Be true to your trading plan.


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