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31/10/17
18:21
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Originally posted by trader_10
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Good evening folks,
..."You complaining about pip sellers and here you are banging on about you and your buddies ready to take a few pips.
The irony is hilarious."....
I see nothing hilarious about it mate....
- The SP is Below the IPO price.
- All timelines from the Prospectus (02/08) and Presentation(17/08) have not been met and failed miserably to even start with. No Drilling, (September 2017: RC drilling) - from the presentation.
JORC late 2017 ????? ( Late 2017 : JORC 2012 Resource) - from the presentation
- Numerous of exchanges and changes on the registry behind the scenes, not publishing to normal retailer folks the weekly changes on the Top 20 shareholding that has happened.... what is to hide ?
Unless the drilling is currently being performed by shovel ?
Too many questions without answers here.... so yes, a change in sentiment means :
- Sticking to my investment/trading plan
- Risk Management vs Money Management
- Too many companies in ASX every year go under taking hard earned money from folks because they believe blindly on the stories.
The difference here is that I will go one further and tell how it is... too many folks out there will keep quite until they see the opportunity to sell out of a non performing stock as they think talking up will steer trouble and freedom of speech.
If you think it's hilarious and this is a game, better odds at Vegas or Macau... at least, over there you can have some fun in the process.
I see too many folks losing money every year on the stock market thinking they will be rich and falling in love with companies and stories.
Rule number 3, never ever fall in love with a stock.....
I am sure PM1 will start drilling soon and will pump the market with good news as they want the Remuneration and Resolutions of the votes passed, so they can give themselves a pay raise.
But, before asking for any Remuneration, one thing that delivering promises from their plan would be the main priority first.... than I am sure folks out there(retailers) would have no problem with feeding more money to the company. Especially looking at Resolution 8, where they will "print" issue more shares next year to whatever price will be....
The SP is not Below the IPO price by chance... trust me... the market can see what's going on here....
Better we have some juicy news to pump this up as I can see many out there that might be quietly waiting to sell on the next run...
My 0.018 cents thoughts on this......
GLTA
cheers
T10
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Fair enough mate- no doubt there will be dumpers like yourself on the next annoucement looking for a pip. But we will also see a huge amount of punters joining the stock as drilling nears and tenement gets approved, which should drive and support share price. But if you wana sell before fun starts, no worries. I expect significantly more buyers than sellers on the next few announcements.