WR1 4.20% 57.0¢ winsome resources limited

Ann: Globally significant MRE of 59MT at Adina Lithium Project, page-330

  1. 1,330 Posts.
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    You haven't followed your advice 3 times in the past month (Sell at $1.20). Makes me wonder why you have no conviction in your own opinion.
    Can't argue with you though, for those that bought in at $2.50 probably won't break even until the Li sentiment changes.

    All I can say is for people that can't hand being in the red, cut your losses and go into blue chip stocks.
    Li sentiment is trash and it will impact the SP but I have never been one for picking bottoms in markets.
    I can't tell you when the change will come but I believe that the Li market is being manipulated and will be right until there is no possible way of hiding it any longer.

    The narrative hasn't changed and the resource size will only increase and become a higher grade, so for those that have conviction this SP movement has been a god send.
    Before people say I'm ramping, I bought 20k more today at 98c but I have also lost ~60k from not selling at $1.26 yesterday.

    Those are the hard facts and tbh I lose no sleep because I know whether it be in a year or two I will make more than enough money.
    You may be heavily under water if you bought at $2.50 but that doesn't change the fact that you can average down if you believe in the company.

    For the record, still think this will be around $1.50 by years end. I thought it was going to be the end of the week but it may take a week or two for the retailers with weak hands to hand them over to the next gen of holders. Alot of pressure atm on the SP and for all the traders hoping to get rich of the MRE release would also be under water now.
    Last edited by ForeverNewbie: 12/12/23
 
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