"The worst time to sell is after a big fall. Usually the final fall associated with decent volume signals the bottom. Dont be a panic seller!"
Konfi I hear what u say but your volume sells at lows are not working here as noted on the chart .
A few have as shown and price did reverse but the last 2 haven't . So what does that tell u ?
As for looking at the long term how long ago did tng find Mt Peake , how much dilution has occurred since and why aren't they selling dirt ? in fact they are gearing up to flog off non core mines so those taking stock in those will be hit with further capital raisings and who knows if they go broke like the last spin off .
Some times reality from holders of stock is biased as well . No pun intended but price is now bid 97 and my monthly target was 0.095 with a month close of 11's ? need to double check . I could be wrong on both targets .
The company has a habit of talking the spin but has not delivered on time frames or ANY returns to holders , at this stage . When they make more [sell more] they will be worth more but till then !!! The current trend is down and hard and what I feared would be a consolidation is certainly looking more like a no go for the buyers .
