g’day Boggie. if you’re relatively new to investing, you’re on the right track. greed is always an issue. Learning to sell is another that many struggle with. I’ve known a few like your father. They generally ended up broke. I’ve often said the same thing; if you’re hunting a multiple bagger a few more cents at the start is irrelevant. that said, there’s nothing wrong with trying to buy in as cheaply as possible. If I didn’t have any at all, I’d just pay market to get going. Then try and see if I could buy more a bit cheaper. But already holding, makes it easier to try and lower cost a bit. This stock continues to give those opportunities. right now, I’m not sure if this has even 1 bag from here. BUT, it all hangs on what they do the cash. I’ve said a few times they should drill the #### out of their new ground. If it’s good like what they have right next door, they could end up with a very long LOM AND be able to increase output. That would send us way higher, to some multiple bags. Clever acquisitions could do it as well. Nice to see both. You have to watch the market cap, when thinking about multiple bags. Some of the crazy forecasts mean mkt cap of $500m. Not very realistic....yet. but we have a great solid base. hoping for plenty more. cheers, ned.
FEX Price at posting:
31.8¢ Sentiment: Hold Disclosure: Held
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