RE: Sold10 Feb 2021 11:32
Each to their own I guess, I wish the OP success. Everyone has a different strategy and certain people may need the money now either in their own lives or for another investment. Some people prefer cutting their losses at a certain % down. Personally, I reiterate the stance i've made a few times. This is being massively oversold on the basis of 3 drill holes from a greenfield exploration site responsible for <10% of the rise in SP last year up to 30p+. Yet the share price has dropped 43% from 38p to 24p, a 4 fold overreaction in my book.
I believe the vast bulk of people selling are newer retail investors who are mostly "late to the party". What they fail to understand is that there is a fresh alcohol restock on its way in the form of Havieron. The reality is, the party is underway and we're all involved in it. Havieron took this share up to its highs and is progressing towards a pre-feasibility study this year. Without any bonuses from Scallywag or the juri JV, the mineral resource estimate updates and published PFS alone should in theory take us back to where we were at a minimum based on the assessments of Berenberg. Thus representing a 43% upside at a minimum. If you achieve 43% returns in a year, that is considered extraordinary. You'd have to wait a lifetime to get that in a bank. Please bare in mind, I'm targeting more than 43%, I only say this based on the facts presented above.
My strategy like everyone else is to make money and one way in doing that is finding high potential, undervalued if possible companies and preferably ones I understand. At 24p and under, this company represents that to me. Maybe others don't see that, fair enough. But hopefully more share my view
Sign In
Follow the stocks
