Member Info for k7pws

When they are in the red its easier to decide. Either you think they will recover or not. I always struggle with rises like this one. It has the potential to go further, yet will probably spike and go down to maintain a level a little higher than before. I hedged...sold this morning, bought this lunchtime, made enough in the difference to keep me happy whatever happens even if it goes back sub .2.

celebrate?

thought price was right at 2p then fell more . I didn't have the nerve to buy at 1.6. Oh, for hindsight!

crystal ball required on this one? Sorry wife won't lend me it!

you've got it pretty well right I think

Just catching tail end of your conversation. Have you divided total profit by no. years its covering? i.e. resource may take 10 years to exhaust. 4.5 bn becomes .45bn/year, value £12.60 or 20yrs £6.30 etc. Then take 10% for interest on capital invested etc. for the 20 yrs to reduce further---to about £1.26. Still good margin