RE: RE: wise money will pile in soon29 Nov 2019 08:12
There’s no point arguing the toss here. If you are a LTH waiting for the end game, a drop in the SP till the new drilling season is an opportunity to top up and possibly average down. If you are a trader who sees an opportunity here you will have your entry point already mapped out and no amount of deramping should affect the SP significantly from here.
I was a holder from 7.07p, down to the 2’s sold up at about 7.50. I was expecting it to go into the mid to low 1p’s for a top up but that never happened, 2p was around the low and then the drilling presentation saw the SP rise.
Personally, my next move will be to wait this out till late January, assess the SP then and if it’s in the low 2’s or lower pile in for an easy few bags, probably topslicing my original investment to de risk my full holding from there.