RE: well well20 May 2019 11:24
We are being shorted Vauch, potentially using Golden Summit's shares, purchased during the peak of our rise to 49p.
Kevkan, I agree there is a change in tack today. Started as per recent weeks, but there does seem to be selling more aggressively to match buys and keep the SP down. And yes it is the kind of behaviour we see before the worm turns somewhat.
It is important to remember in these times of frustration, that the buys bought during periods like this end up being the most profitable. I can remember deliberating over buying when we dropped back to 7.75p all that time ago. It felt like this, and look and those buys now.
There is almost 25% upside, just for getting to 30p at the moment. If you are in this for more than a few weeks, the value on offer to the upside is stark.
Remember in 12 months time, Mokopane, Brits, Vametco and Vanchem will all to some extent be in operation. Our electrolyte sales will be commencing and we will be helping Eskom make the transition to renewables and energy storage.
All for 24.64p. (not live of course)
Isn't that degree of opportunity what investing is all about. Buys shouldn't always feel good - especially at stressful times like these, they should however, always feel opportunistic.