Sitting and waiting31 Jan 2022 10:16
I think although possibly a very simple concept it is sometimes frustrating when the SP languishes and when it feels like progress isnt being made. I understand for those holders sat for decades there has been many "false starts" as eluded to in the Interactive Investor interview. However it seems this time is different. It certainly feels like this time we are progressing and moving forward.
Myself I keep adding on dips, I think I have an overall average around 4.2 or 4.3p. I will accumulate shares when at all possible. At the very least for those looking to double their money, we have seen that this can surpass 10p speculatively. It does not require much buying pressure to see this move north very fast.
Those of you like myself looking to hold shares for the mid to long term 10 years plus, the plan is simply add share up to the marker point. For me I will not be purchasing above 5p, at which point I will simply sit on my holding.
Big issue for me and something I always struggle with is an exit price. In ideal world I will wait for all the stars to align and sell sometime in the distant future 50p plus would be nice.
I have a question for some of those more knowledgeable investors if the Anglesey mine was a producing mine what kind of SP are we looking at?
My long term hold was initially based on looking at historic highs in the 80p region based on the Labrador Mine.
Theoretically if we were at 80p alone based on that, we could be looking at significantly higher if Sweden,Canada & Wales are all producing mines.
Speculatively for a long term hold, this is probably one of the best potentials for a life changing win. Its simply about grabbing your holding and sitting tight.