RE: Multibagger on Bank approval - ÂŁ6m mcap v $305m NPV appraisal drill4 Oct 2022 01:41
Yes, I experienced the 88e debacle myself, my £12,000 stake was worth £34,000 just before the drill (“why didn’t you derisk just before the drill you fool!” I imagine everyone is shouting right now and justifiably so! Answer: greed, plain and simple)
Anyway it traded on the Australian exchange where the result of drill hits first, it’s a duster, the share drops 80% overnight in AUS, it’s a horrible feeling having to set your alarm for 7.55am knowing that you're waking up to just log into your trading account hoping you will be able to at least not coming out too damaged! After a couple of hours sleep I managed to get out with around £9,000, obviously moral of this story, derisk some just before the actual drill! Lesson learnt I hope, will find out here at some point if I actually have learnt my lesson on not!
Anyway to be fair 88e did move from 0.50 to just under 5p in just 2-3 weeks so obviously we are all hoping for a similar move here!