RE: Silver Lady Golden God25 Feb 2017 15:19
Hi Seer, be careful trading IRR next week, it is not very liquid. It's been on my radar since it rose from 2p last summer, when it started updating the market with its licenses and findings. It clearly has a lot of potential and evidently a lot of resources in the ground. It's probably one to do some proper investing, i.e. Buy the shares and sit on them for a year or more.
However, I've been in there with small holdings a couple of times large amounts to try to steal a quick 10 or 15% a couple of times, both times a tried to cash out a handsome profit and there were no buyers for the shares and then the SP drops and your paper profit is gone. From my personal experience you probably need to trade with buy and sell orders and let them get filled rather than trying to cash out in one go.
Also, if you wanted to sell say 50,000 shares, you be better off selling in 5 chunks of 10,000 sell orders as a lot of the buys and sells are for smaller amounts of shares. Hope this helps, just passing on my experience with IRR.
Let's hope for a big HOC week next week, every chance it should be a good one!