I wasn't having a go Grogman and I certainly don't feel the urge to block your posts, it was just your comment that you will "weigh up taking a another position in this stock vs what other opportunities are on offer at that time elsewhere" that I thought was out of place. Its sort of like telling us you might or might not have a ham sandwich for lunch depending on what else is on offer. As we aren't your broker or the cafe owner I just couldn't think why you would tell us that. Maybe you were just thinking out loud.
Re the overbrought zone, all depends on how you look at things I guess. For me the assets have a potential value range and that gets higher if the resource is upgraded and / or other developments occur in the vacinity which make it easier to get to the mining stage. While the market cap is considerably lower than that range I consider the stock cheap. The daily movements or short term runs don't change my view as to the value of the stock and unless these price movements result in the stock being close to, within or greater than the value range that I think the company is worth then the term "overbrought" means little to me.
I understand however that for short term holders looking for a quick turnaround the actual potential of the company is largely irrelevant and that many are just looking to get out toward the peak of any given run. Way to much energy consumed in that game for me but each to their own and if its profitable then great.
In the overall scheme of things a year or so isn't a long time and the 150% profit this has thus far shown will only attract 23% tax which makes it all that much sweeter. Good things take time and much as I love to eat the cake mix as the missus makes the cake I know that if I eat it all there will be no cake.
Good luck to you. I hope you do well.
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