RE: Large Buys23 Jan 2025 13:02
Yes fair point Karl, but I don't mind waiting extra for the results for two main reasons 1) the longer it takes, the more chance there is of getting high grade, and 2) it allows more time for cheap shares to be soaked up, so that when the news does land, you get a bigger move up. We are seeing this now, in that only a few weeks ago, I was able to to snaffle some more in the lower 6s, but now i'm having to pay 7p for any decent size, but which is still cheap. By next week, regardless of whether we get news or not, we might start to creep back up towards 8p.
If so, what it all likely means is that when the next buying wave happens and we breakout out of this bull flag, we will likely motor through into double figures. That will be February and before gold hits 3000. But it will set us up nicely for the rest of 2025.
Getting in at 7p at the start of the year, for the chance of hitting anywhere between 20p to 40p at some point in the rest of the year, is the opportunity that I think we all have here. But let's see how it all pans out. All imo and GLA