PYX Resources: Achieving volume and diversification milestones. Watch the video here.
I am/was so down (-23k loss out of 25k investment) on this but refused to sit on my hands. Have been waiting for the right moment and trading update seemed to have been the time to start buying. I was hoping the statement would have had more negative impact and wanted to buy cheaper than I actually did. But still 219 average is pretty reasonable to me. I might add more into it to get it down below 200
Every £10k I put in at this stage lowers the average less generously so I’m slightly divided whether pump more £ into it. I got my fully diluted average of 1824 down to current 219. Check my chat history if you’re in disbelief 😆
This is the most bullish chart formation I can recognise and it’s printed once every few years.
Someone mentioned here they moved some kind of fine from December to January.. this is quite clever from the board as they won’t need to report in until second half of the year.
Just added another £15k (total 25k today) which completes my buy strategy that adds 100% of my initial investment. My final average sits at 242p. Fingers crossed🤞Wish me luck as I have a feeling I will need a lot of it 😅
140 seems to be a fair barrier to break.. just calculating madly today.. if I added extra £15k here at 140, my avg would have been 240p. That would be 70% recovery from current level… achievable within 6 months I guess. The light at the end of the tunnel’s appearing stronger
Just added extra 3800 shares that brought my avg down further to 350 which is below the avg I would have achieved if I had taken my rights at 197p. BUT.. that would have cost me £25k as opposed to £10k I spent so far today
I’m thinking of adding another £5k here today which would lower my avg further to 350p.
Does anyone see any fall from the cliff here again before the update in March?
On the chart, we’re about to break long term downtrend line that started in April 2023 but we need to break 140 barrier first
3 possible scenarios for tomorrow:
1) The most optimistic: we hit 127, we bounce and never look back at 120s ever again.
2) less optimistic but still good: we hit previous low of 118 and rebound.. if we go to the moon
3) pessimistic scenario.. we print lower low then 90p is totally realistic.
Good luck everyone