RE: Some are taking profits now. Imo4 Jun 2020 18:59
panama
Been here 6 years in July, and have never sold a single share (even after Newmont walked) although I did top up after the massive drop that followed (to average down, with borrowed money which was admittedly a further risk) in the hope of recouping my, at the time, substantial overall losses across my entire portfolio (as all my other stock 'picks' are complete 'dogs'!!).
The 'gamble' has so far paid off and the initial objective of recouping every loss ever made to date across my portfolio achieved in full.
I personally will however be staying the course for either the full T/O (hopefully for a life changing amount) or proceeding to mine with an annual dividend.
The dividend option would be my preference as not only would my investment then be providing me with an annual income (tax free, being held in an ISA) sufficient enough to hopefully live off of comfortably for whatever days I may have left, but with the cash value of the investment being held within an AIM share (and having been held now for well over two years) also being available to pass on to my family totally free of any IHT!
Now sitting on a very healthy £200k profit (on top of my overall £22k initial investment) with absolutely no intention of selling 'a bean' and although that's an awful lot of money for me (far more than I've seen in my life) I truly believe the potential upside going forward to be so much more.
As already said this share will hopefully provide a modest but comfortable retirement going forward and opportunities like this don't come along often, if it at all, and rarely more than once in a lifetime IMHO.
I've always viewed this as a '**** or bust' play which even should it (unlikely as it is IMO) drop substantially, would probably see me no worse off than when I started.
However, should the SP hit the dizzy heights sometimes mentioned on here it could be life-changing for not only myself and my family, but my 15 year old nephew and his future family also.
The risk/reward is therefore one I'm willing to take.
In the end only you can decide what is best to do for your own circumstances, and good luck!
MB