Ann: Smarts Delivers World Class Intersection of 11m @ 131 g/t Au, page-50

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MrOctane

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13/10/20

13:14

Post #: 48055409
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Originally posted by mooroolbark: ↑

Your experience was very similar to mine. I didn't bother getting up early today because I thought Troy were in a trading halt until tomorrow. So when I opened up my screen at about 10.15 am my immediate thought was a malfunction.

Like you I saw the top price of 0.20 on Commsec and wondered if my sleep in would prove costly, which technically speaking it was, but then I remembered my promise to myself that I am not going to try to finesse this play. It's just too risky. You could sell out, watch the price drop a few cents, start to feel very clever and suddenly wham... a big player decides to get set and suddenly the price is running hard the other way again. Then you are in the famous psychological bind of having to admit a mistake, which is very hard to do.

I made that mistake with West African and it cost me a 6 figure profit. Not making that mistake on this one after waiting patiently for years and buying the dips. I know it will be a bumpy ride up (just look at any moonshot mining stock chart) but the key is to not get shaken out. I was able to resist the temptation to sell my Investigator Resources on numerous occasions and they have gone from 0.009 to 0.055, but there have been a lot of pressure points along the way. Troy will have these too, but as long as you are prepared and keep your destination figure in mind, this should be a brilliant evolving play over the next few years that has the potential to make some of us very wealthy without taking that money out of anyone else's pocket. A true positive sums game.

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I had a similar experience with SAR back in 2018. Only 100000 units, however I got caught, leveraged and burned. Look at them now.

In this game you really have to do your own research, have a rules based system for buying and selling and have some conviction.

TRY Price at posting: 16.0¢ Sentiment: Buy Disclosure: Held
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Ann: Smarts Delivers World Class Intersection of 11m @ 131 g/t Au, page-50

Top Stories

Riversgold has rockchips boasting a holy trinity: gold, copper, and antimony. Can it move to drill?

IRIS shows high purity spodumene can be produced from South Dakota's Beecher project

Equinox makes REE and titanium dioxide discovery at Brazil's Mata da Corda

Sierra Nevada Gold taking an RC rig to Blackhawk, Nevada – in the hunt for silver

Metals Australia gears up to drill Big Bell North gold project targeting untapped greenstone

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