100% mate.
Whilst Id love for us to have announced a partner by now (as I’m sure all holders would), all you can do is remove emotion and play the current hand.
IMO the company’s risk hasn’t increased and the current SP/MC reflects good value in my eyes..... so I’ve managed to almost triple my holdings over the past few months alone.
I’ve got no issues pulling the pin if need be.... but for now I’m happy to top up where I can under about $75M MC.
I do still have my expectations for results...... but happy to take advantage if it drags a little longer. I’ve taken the COVID situation into account for slightly delaying the process.
I get the slight feeling that management are quietly confident with how things are playing out (no information, just my own interpretation of presentations/interviews and observations. Not investment advice).
Although there is re-iteration around “a deal is close”, there doesn’t seem to be a whole lot of announcments that are intentionally pumped up to lure investors..... more “ticking another box” announcments. All IMO
Regardless, with things opening back up I think investors rightly expect something in stone over the coming weeks/months.
I’ll be particularly concerned if nothing eventuates before the year is out.
Patience and “spec stocks” do not go hand in hand haha.
Cheyne.
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Mkt cap ! $7.598M |
Open | High | Low | Value | Volume |
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No. | Vol. | Price($) |
---|---|---|
70 | 63623899 | 0.3¢ |
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Price($) | Vol. | No. |
---|---|---|
0.4¢ | 9226008 | 18 |
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69 | 57123899 | 0.003 |
67 | 135878303 | 0.002 |
29 | 191650000 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.004 | 9226008 | 18 |
0.005 | 6988429 | 6 |
0.006 | 1408009 | 3 |
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