RE: SP2 Dec 2020 14:37
Guys, it is frustrating and I guess I will be unhelpful in suggesting you have to a) sit on your hands at a time like this and b) buy the dips if you can.
The SP movement over the past 30 days have made no particular sense. Nothing has happened. But something and or someone has been selling and the algo trades make normal interpretation of the SP movement very difficult indeed. I think that is largely the point!
I do assume that Geodrill are selling a few as they go but I think much more savvy financial mechanics are at work here and am now looking for another 'director buy' before the next piece of 'Good News'. I am locked in now having taken 14.5p as a bargain a few weeks back. I had a few at 13.3p last week and anyone buying in today's dip has, probably, done a good thing.
Here you just have to believe in the asset. The Lithium deal is the big one followed by some proper gold numbers. i just think at a corporate level this is being played as a long game. the key to that being the relatively very low dilution process keeping the ship afloat.
Time to sell and asset though and the time to do that is looking like it could be 2021. Batteries, batteries, batteries.....
If it goes into the 12's I will be looking at my portfolio to 'throw' more than I should. C'est la vie.