Bought 1,025,000 at an average of 6.7 =$68,675 Freaked out and sold all at 14c. = 143,500 Profit $74,825
Ill have to pay tax (50% for arguments sake) = so total profit after tax will be $37,412
To buy back in on Monday, if I can get in at 10c, I am looking at $102,500 for the same quantity of shares so realistically, I am only $3,500 better off and that is IF I can get them at 10 cents.
I think the market will continue to sell down. DB will be chasing his tail in Mondays announcement. Most investors see to much risk at 10 cents a share imo with the PM publicly bagging it.
I still have 200k oppies and will be eager to see what happens on Monday whether I stay out or re-enter.
BPH Price at posting:
10.5¢ Sentiment: Hold Disclosure: Held
