You should have a price target in mind now, before the excitement truly starts. Or else, you will get emotionally attached to the story. That can be a disaster.
Some punters may be looking for a 100 bagger., this has potential to get there. Remember, if all goes to plan, at this level the EV is basically zero. At 0.004, the EV is negative. Still, it may take 5-10 years to 100 bag if the Victoria leases don't have a huge amount of gold remaining (which is a risk). Do you want to wait 5-10 years? Some might. MSR will also face more dilution along the journey.
Alternatively, you can buy and sell, buy and sell, buy and sell.... You can make a 100 bagger quicker, if you get it right. Sell during times of excitement, and buy during times like today. Of course, this strategy will have higher commission - and won't be eligible to the 50% capital gains tax deduction.
Too be honest,it is a tough call...
I'm personally thinking of selling half when I get a two bagger (or a 10-bagger...I'm not set on this trade idea yet...but may go for the 10 bag). Then re-investing the profits into something else, so I can make 100 bagger with my money quicker. I'll let the remaining 50% sit.
Never get married to a trade.
Cheers
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Last
25.5¢ |
Change
0.005(2.00%) |
Mkt cap ! $191.4M |
Open | High | Low | Value | Volume |
25.5¢ | 26.0¢ | 25.0¢ | $34.80K | 135.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 3894 | 25.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
26.0¢ | 63111 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 3894 | 0.255 |
3 | 201172 | 0.250 |
5 | 223872 | 0.245 |
4 | 307500 | 0.240 |
3 | 166276 | 0.235 |
Price($) | Vol. | No. |
---|---|---|
0.260 | 63111 | 3 |
0.265 | 72223 | 2 |
0.270 | 61000 | 2 |
0.275 | 54491 | 2 |
0.280 | 103846 | 3 |
Last trade - 16.10pm 10/09/2024 (20 minute delay) ? |
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