If this does ever get back to 7-8p, I imagine there will be people who will be so relieved that they will sell up, assuming they haven't done so at 4/5/6p, but something will have taken it back to those levels and plenty of people will make a decision based on the new circumstances and prospects at the time. That's what I will hope to do. I might still sell up but hopefully based on the future prospects not the dismal past.
LC has to take a lot of the responsibility for that I'm sorry to say. He must be the worst communicator I've come across in my investing career. He says little and when he does, all he manages to do is undermine the SP with his awful choice of words. I've long thought KIBO has got where it has in spite of LC, not because of him and it's only been the project itself which has kept me on board. Like many I'm coming to the end of my tether and if we don't get something in the next week or so demonstrating clearly that the project has a reasonable chance of making it over the line, then I'll be calling it a day. A great pity because the project should be fundamentally a good one-a sensible and timely answer to an urgent need-but with too much dead weight dragging it back.
But there's more to it than that isn't there, Candybelle, because some of the stuff on here is so one-sided (I previously used the phrase "looking through rose-tinted spectacles") that some people just have to try to balance the scales. I don't have the knowledge or expertise to enter into detailed arguments about the workings of the market or geology but I can usually tell the difference between the good guys and the bad guys. Mention has been made of Timeless. I quite liked him because he was relatively transparent. The rampers nowadays are much more subtle and there are more of them (unless "they" are all just 1 or 2 individuals of course) and their influence more insidious and so potentially more damaging to new/recent investors. Hopefully once alerted to what goes on this board new investors will be careful about what they choose to take note of and what they choose to ignore.
There is so much useless and wasted effort on here. Everybody must have seen through/recognised the rampers and derampers now, they must relise it's pointless . Why don't they just leave the board to genuine investors who just want to make an honest profit, without conning anybody along the way.
You could be right , Chesh but the placing is still disappointing, not least because of the timing/being coincident with MOD's release of good news. First reactions have obviously been negative but I think the share price will recover by close today-perhaps not to 3.3 but not too far away. Still quite a shock for those that got sucked in by the ramping last week, tho'. Once the dust has settled I remain confident we'll see a gradual climb by the SP on further assay news and at least we should be safe from further annoying dilutions for the foreseeable future.
That's pretty much spot on for me. My average is almost 8p, I'm sorry to say, so need it to make a huge leep to break even. What I shall do when,(not if!!) it reaches that point, I'll decide at the time based on what the prospects look like for further gains, but I can see a lot of people jumping ship when they've made good their losses unless the prospects look mighty good.
RE: I forgot to mention on below post30 Jul 2018 17:10
The actual spread is much narrower than shown on here. The 200k purchase at 4o'clock is mine and at the time I could've sold for 2.17 so the spread then was about 5% which is acceptable. I'm just another rise like today's from my average. Soon be in the money!!!(I hope)