@FrankJ1987 MC of 240Million is in Australian dollars. I'm an Australian resident. I have a six figure investment in this company now.
I haven't traded this stock at all, but looking back now could have achieved a similar average without plowing so many extra $$$ if I did.
I have however been buying to get to this average and managed to pick up quite a few over the last 12months at prices ranging 0.09 to 1.1cents and I even purchased a small handfull leading up to resource update in case of a re-rate. That parcel is obviously in the red at the moment, but I'm thinking still a cheap price in the longer term.
Many who have been around as long as I have, will have larger break even costs particularly if you have only participated in the CR's only. I went full in on initial 4cent CR years ago and then only participated a smaller amount in the 1.5 raise to hedge against a weaker price post CR which was a good move with what happened.
I will say that my buying is now done and dusted, I feel comfortable with where things are at now and the potential upside available on my holdings.
Ann: Sulphide Development Update - Amended, page-10
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