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Nice to see so much common sense here - have made a lot on this stock over the years - traded it. Am in a loss position for the moment - doubled my wife's position the other day added a little to mine. They have got through the ground where they had struggled not plane sailing however risk is much reduced. Funding / dilution may produce many more finds to make up for this .
The previous highs did not have the current prospects of success - have traded this for years and did substantially reduce my holding to be on the safe side - did not know if this was right - caution is not always the path to the most profit however it is more comfortable. Bought back a little today - the over subscribed gives confidence.
This is a company that is not just a cash burning explorer - the risk is less as income becomes a realistic proposition - and the continuance of exploration produces more value. The short term nature of many investors will soon change imv.
.80 earlier on.
.80 earlier on.
Buying op for some - have already added - have held for more than 8 years have been down 60% at times - this is a good share to keep a core holding and trade / sell some at highs. I will buy more cautiously than usual however at the current spread looks good for a first tranche for some as the risk is not nearly as high - speculation is fun you only win if you are in
The value is here whatever happens - negotiations are on the cards - the outcome is hardly going to make the price crash that much.
buying opportunity for some / as long as the news hasn't changed - personally feel it will not be down much - yesterday it rallied at market close - people are understanding the long term value and realise they need to be in before it rises further.
I have traded this could have made triple what I did if I had kept my initial position and sold at a stop loss price way over today's. However this is a volatile investment and trading it was more comfortable.
buying
just wondered as just started doing it
anyone doing this
The spread 2.31 is fairly high made up for by the drop in price. If I do add will wait for a drop coupled with a low spread
I don't mind as the rest of then portfolio is doing better than I thought in the light of the USA news. This one was v high risk not so much now. AVO has been a nightmare still sticking with it.
Have held some for 8 years - lost a lot at first did numerous trades - totted up my profits recently £25k . Down about £1000 in current trading / 20/% at the moment have added in the last few days. Nothing is totally certain however the current price whether you include the potential gain in the pipeline is great value. Good luck.
I don't care whether you want to buy or sell this share it has further to go if more resouces are discoveered it is all down to sentiment / if the share reaches stage 2 and moves beyond some people will buy if it dips others will sell some will buy more or make an initial purchase. I have traded this for many years and sold at a high some weeks ago and started going back in on the drop. not buying more today or selling. Sometimes you get it wrong and live with a los or sell and buy in again or buy more preferrably when there is a reason like today where a drop has occurred after positive news. Maybe wait to see if the buyers are back in the majority before you do. Those thatt are stressed owning a volatoile share and look at this sort of board which has rampers and the reverse to try to influence you maybe should leave it alone and buy into an Investment Trust - This has not reached its peak however it has potwential unlike most small cap money burning miners.
mememe hello have made first post on here plse reply
I read this board occasionally don't take much notice of its content. You need to decide what to do yourself. have made a lot over the years starting with heavy losses. Always thought this one was good in the long run and is the only small cap gold co have kept. Bought a few for my son just now / he has been in and out with me managing his account for a year.
I will add on weakness although I feel this will soon stabilise and move into stage 2 - its weak price is tempting . I hold some at a loss having made £25k over 7 years which was using my cautious approach. I admire those that never sell as long term would hab=ve made much more if I had done this!!!!
I have traded this for over 7 years - if I had kept my original stake untouched would have made more than double.
I tend to keep a core holding and add on weakness then sell some as it goes back up. Bitcoin is the rage at the moment am trading Argo sold today no idea why it took off today as Bicoin is down. will buy in again on weakness.