dpooh, be aware that the market never behaves as predicted. If it did everyone would be making money the whole time, which they aren't. The smart ones make money whilst the herd funds their profits. Especially so at the speculative end.
The $2.40 rerate and the Lambo memes are mostly said in jest, but guess what ... the steadfast believers will see $2.40 and will afford a Lamborghini, but not when IVZ is the hottest thread on Hotcopper. It'll be after Scott has been allowed to fulfill his plan, which involves years of exploration, appraisal and growing of the resource.
I'm not sure if we even have a 2C (contingent estimate) resource yet, but I guarantee that we will not be denied once we reach 1P (Proved reserves with at least a 90% probability of being economically extracted)
Selling out due to a minor 2 week delay indicates that you may not be as steadfast as you need to be to see this thru to appreciate the real gains. You may be as well, not for me to judge
40 millions shares traded so far today indicates that traders are having a ball playing with a few pips. You should follow Scott's lead and forget about the daily price movements. A TH following lower Angwa sampling, with 14 chambers to be filled in what Scott has labelled larger and better reservoirs will see another pip in share price, but dont expect a whole lot of new money to automatically enter and give existing holders whatever they want for their shares
“The stock market is a device for transferring money from the impatient to the patient.” Warren Buffett
IVZ Price at posting:
20.5¢ Sentiment: Buy Disclosure: Held
