Cheers, had very similar targets myself. Think we may well already have seen the push down as nearly 10 per cent on 100k traded seemed a bit extreme to say the least! Hoping for an easy 10 per cent, maybe more if a bounce coincides with gold rising.
What do you make of AUE's resource RNS this morning? Wonderfully timed for an IH&S move to c60p imo, assuming that's pleasing news of course - new broker rating of 81p off the back of it today so I guess it was pleasing to the market :)
I had similar, around 90-91p anyway based on previous bounces. Are you in here? Was too tempting for me to resist a dabble given the size of fall on such low volume, but if support goes then will just take a small loss.
Good post, what you are saying is true regarding recoveries. Technically it wasn't a bad RNS. i'm also holding out till sale day which will come within the next 9 months and if you don't need the funds now then thats not a problem. Personally i don't think we would be getting the £5-6 but we will certainly be getting a considerable amount more than where we are today
I don't see how slightly less than expected results can suddenly mean that we will now only get £1.50 for sale price?
That said, I don't think anything other than II buying or director buying will stop this drifting as news is a way off now. Possibly a hostile takeover could achieve a lower sale price. But, that would mean somebody buying a lot of shares which would result in the SP rising swiftly due to number of shares in issue.
This has happened before ref Jan 2011 when Jim Mellon sold a large holding, then we recovered. This has also happened in the previous 2 summers and again we recovered.
If it falls much lower I will have to do something extreme to obtain more funds :)
Sadly my average is almost twice today's price, but I made a decision to buy and hold until sale or production. So for me I can use this as an opportunity to average down (presuming my planned heist is a winner lol).
I am still confident in making a profit at the end game and try not to let the huge movements that we have seen effect me too much.
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