RE: Oilgasgold28 Feb 2018 18:57
Reece- Look at it this way! The company has no debt, has money in the bank, has some (what look like good investments) and a keen BOD who have skin in the game.
If not for us, they will want this to go northward. I am not going to say that this will 40 bag, because at this point I just can't see it. However, with what is at hand and where the share price currently is, it is realistic to see (hopefully) .5p in the very near future and possibly .75p- 1p mid-tem.
So Reece, will you get your money back? Dunno, it depends on how you play this mate. If you decide to average down, then you would need less movement to catch you up, however by sitting and waiting for upward movement or nothing, will simply keep your average high and will take a bigger move to catch you up.
In my experience it is easier and more realistic to expect a 3- 6x current share price as opposed to a 10 bagger.