Fair play to Element, at least he admitted his over exposure in GGP and though his own words:
โI was concerned for people selling their GGP and piling into tin pot AIM companiesโ
I suppose thatโs the main thing with investing, never get too exposed to the down side. If the arse fell out of OMI and letโs be fair it could, you wouldnโt get me jumping on other stocks what fellow Orosur investors had delved in slating them, precisely what Element has done here. Haha, genuinely makes me laugh some of his sobering comments on telegram were quite unsettling.
He was threatened by OMI and to be fair, in my opinion itโs going to get alot worse here for him.
We could see 15p here, we could see sub 10p here letโs see what gold does.
How you act throughout sets the seasoned from the over exposed, people try to poke and prod me about paper losses, I sit here and laugh. Do they mock Rob? Do they mock Karl? Matt? All with more or similar amounts to me.
No, we arnt chucking pop and crisp money with nearby tax bills to pay.
The metals are moving up, to be fair like Rob says a test of 3600-3800 could come, If so I will be eager to see the reaction from folk here.
Will it happen who knows, what I do know is the likes who beg, stole and borrowed to add in the 2p-4p range would have a field day.
Would it be a negativeโฆ Or if youโve got half a brain just a silly opportunity to add at unexpected prices like we saw August last year?
The big question is would you rather is start moving up again to recent highs or the arse fall out of it?
For me Iโd likely say the latter, 2m in the 2s I donโt think Iโll ever better that. But, I personally think as others do weโll see $6-7k+ gold within a year or 2.