breakout....., page-17

Ok ok ok.

Its not expensive

BUT is up 100% from 5 weeks ago or thereabouts

So, in these markets, buy a stock up 100% when the other spec's HAVENT recovered even nearly a third of that is a different ball game

Is a different proposition.

I topped up my ROY at 17, 17.5 and 18 and 20cents

35cents is a far different story when most other spec's havent recovered near that


Dont get me wrong, i like ROY. It will be much higher, but the smart money bought 5 weeks ago and buying at these levels is a far different proposition.

Far different.

I for instance have bought a few THX recently. Another Crabb stock like UMC and ROY

The only difference is its trading at NTA so downside tiny as it holds $10mn cash and 20mn UMC shares so $40mn in UMC

Its a huge TO target for any insto ust to get its hands on the UMC holding

It has a dozen projects valued at nothing

ROY is now double or triple NTA.

THX better value at these levels imo.

Obviosly different companies though.

But dont get me wrong. ROY not overvalued, but buying at 35 very different to buying at 17-20cents like a lot of people were