Ann: Mineralised carbonatites intersected over 3.5km -West Arunta, page-136

My last post couple of weeks back where I mentioned I got out at 27.5 after buying at 28.5 for a small loss. Stupid me. But in that post mentioned, that I am still very optimistic, but will wait for results now.

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And the results have been great, there is always a risk, but the risk reward looked very good. So I did buy on open, some yesterday and more today. So my average is not very good, around 33, whereas it could have been 24 if I had bought earlier, oh well, the price we pay for more confirmation. So fine from that point of view.

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But what happened today? After drifting around 32/37 mark, it decided to move on. I was waiting for break above 37, and bought higher today after that break. To be honest, my fundamentals are not very strong, hence I wait for price action and sometimes I have to pay more because of that.

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Where to from here? Is this confirmation of a major break out and rerate? Odds are good but I feel it needs confirmation. Today's price action will also alert new big players. So it may get very interesting next week.

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I know many of you have very good feel about it. Fundamentals are looking strong. Price action has picked up. For me, I will follow price action, and will rely on other confident posters for fundamentals. Unless there is a massive drop, happy to hold and play this out. I have a buffer as well now, so hopefully will not panic like last time.

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I know many are holding with conviction for sometime. It's looking like you may have picked the right horse. Enjoy your weekend and all the best.