RE: Little downside, huge upside, Chinese want it, deposit paid, approval coming23 Jun 2023 07:44
Thanks Romanwolf. My intention was to hang on and hope for 1p or more. But having seen what happens with this aim share (and others) when news breaks I’m not sure 1p is feasible at the moment. There is normally a spike that lasts for a very short time and the sp slides back to what it was. This has happened with eee, Delt and even Harl which released fantastic news of a mod contract to build warships. It shot up for a couple of hours then slid back. It is now languishing at 13.65p from a high of 29p, leaving a lot of investors underwater. I decided to take my kod profits on Wednesday and sit on the sidelines. I would have been gutted to lose those profits. I think even if funding is confirmed next week there is a very long way to go before the company is actually pulling anything out of the ground. I therefore think the sp will slide back to what it was in February. I will keep an eye on it and if I see an opportunity, I’ll dive back in.