RE: Phew!16 Oct 2019 22:23
Hi Yayay.
Taking profit is turning paper wealth into assured wealth and works wonders for the bank balance! I confess that I have done that in 2016 and also this week @80-81p (over 100% profit) for ~45% of my very modest holding to return my stake for other purposes, but left the remainder as 'free' shares' for undoubted future appreciation. We live in uncertain times and some today have have perhaps acted similarly. I suspect that near future rises will be more sedate than recently and with the December options date looming, their conversion will not help the SP, but if they are taken up by 'sticky hands,' then the dilution topping up the company coffers will likely have little or no effect.
When development mining starts, the BBC cranks up the radar and the first gold pour is imminent, who knows where the SP might go? I may miss out on some future gain at that time, but safety first and spread the eggs with DYOR is what I do. It has worked for me most of the time (even with SXX until just now, ha,ha!), but each to his own philosophy.
Anyway, money is just half the story for me with Scotgold. Nowt wrong with a bit of faith and fun! Looking forward to 2020 and another mine visit!
Regards to all here, R.