RE: Sea of Red3 Oct 2019 08:49
Late last year the SP hit 0.17 pence approx........I got out at around 0.15 pence........just before the LR debacle with ASX delisting and with the 100% dilution........then the SP took a battering down to .012 pence. I came back in at 0.019 as IMO nothing in the ground had changed and in my view the SP should have reduced by only 50% approx........so should have been sitting 0.085 pence roughly. We now have another 30% dilution on top so IMO we should be sitting around the 0.057 pence at the moment. Obviously some sentiment has been lost with DB offloading however DB have bought back in, and they took full advantage the last time, plus we now seem to have a better "in ground" situation so IMO I think we will see the SP rise in the run up to the updated JORC. It may not do the six bag that it did from 0.012 to 0.072 pence......who knows..... however I will be watching closely so that this time I can benefit. So many times I should have taken profit and did not. GLA