@tbirdsrgo ..."
why would you buy back in at 8.5c so late after getting rid of most of the shares? Or maybe a calculated risk?"
What I bought at 8.5c was a fraction of what I held last year. It was because of the near term cap raise and knowing how these junior companies pump up prices prior to them if they possibly can.
Even several months ago I was clearly stating that management were gambling on a good find by drilling these holes before going to the market. The SP had dropped from 12.5c late last year down to below 9c when I bought. If anyone had been paying attention to my sentiment I never had a 'sell' when St George was below 10c.
This is what I wrote on the 30th of March in this post...
https://hotcopper.com.au/posts/52141382/single"
There is now only 1 month until the next quarterly has to be released showing around a $1m at most left in the kitty, and the company desperate for a cap raise. Sometime soon there will be some very bullish announcement or announcements hoping to raise the SP before they do a cap raise, which I'm expecting within the next 4 weeks. I just bought a few more for a short term trade, expecting these coming announcements will push up the SP by a few cents (well hoping at least)".
So apologies for getting it correct, much better than the call
@SandyC made when the SP was 25c in 2019, calling for higher prices and shareholders to hang on on the day of the highest price in the last 3 years..
From 9/9/19
@SandyC ...."
No big deal as I think the institutions are buying up and will drive the share price higher as good news is communicated. I also suspect there is excitement building on the anomaly 2 drilling and dhem results for holes recently drilled. "
https://hotcopper.com.au/posts/40360138/singleSo excuse me for honestly stating what my research is showing at the time.
This forum is full of people that want to bring down accurate posters when it doesn't fit their non stop, unwarranted bullish comments on a stock. I don't think you could find a single stock that I've remained bullish on 100% of the time.Even ones I'm currently very bullish about, I'm sure that will change at some point in the future as I watch for what the company has, is doing and saying compared to the current MCap.
Everything gets both overvalued and undervalued and my opinion changes according to the circumstances.
Now can we get back to the positive and/or negatives about this junior explorer instead of commenting about posters?? As I often say, we are all on the same side as investors, so should be helping each other out with our collective research..
Statements like '
this is going to the moon because I believe it', based on no facts whatsoever should be abhorred by investors, instead they get plenty of thumbs up from people that 'hope' it is correct..
There are daytraders that bought into this early today, if the SP is still well below 11c in 2 days time, there could be some panic selling from those traders trading on a T2 basis.
(20min delay)