RE: Mitchell Drilling29 Aug 2021 13:13
ndn, i've been following this share for a few months. Was looking to take a position when it dropped to 12.5p the other day. Managed to get a lot more for my money due to the dip so bought in first thing Thurs @7.5 then added further tranche @8.5p. I'm not sure how relevant a person's entry price is really. I would never have bought this @20p+ at this stage. The SP rise here was fuelled by hyped up expectations & probably a lot of FOMO. This is a fledgling business but i believe there is a huge potential upside to the current SP which far outweighs the undoubted downside. I'm not a geologist, nor am i a day trader. I'm happy to hold these shares for a while & will add more at the current range as i see fit. This is a share which i expect to be extremely volatile. However having read all the various RNSs i feel comfortable that this should be end up being a fairly decent investment albeit risky!