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Ann: Mt Ida and Bottle Creek Resource Upgrade Adds 113,000oz Au, page-37

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Phi11z

160 Posts.

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12/02/20

11:01

Post #: 42882012
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Originally posted by BobbyKennedy: ↑

There's no one shorting this. Just have a look at the chart and you'll see how many trapped SH there are at higher prices.

The basic psychology of a retail investor is when they're down in an investment, they'll ride it all the way down and then sell out when they finally make it back to breakeven. I've done it. I'm sure we all have before. Byers in the mid 2s are probably just taking some or all off the table. I get it but it's a big mistake in this case.

There's plenty of supply here but today we're seeing plenty of demand. There is a KNOWN news flow leading into March and April and there's no way the SP can remain at these levels if everything goes according to plan. Therefore, we're going to see a few solid runs now. Nothing moves in a straight-line so we may ebb and flow but the tide should most definitely be pushing us higher.

We've done 13m today and were up like 15% at one point. That's peanuts. Just wait for the days when we crack 100m volume and 70% gains because they're going to come.

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Appreciate the feedback Bobby! It makes sense however, what confuses me is that whenever the SP drops it's caused by very small volumes. But nonetheless, the logic is there. Patience is key as always.

ARS Price at posting: 2.2¢ Sentiment: Hold Disclosure: Held
2 Upvote

0 Great analysis

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