I bought more WA8 yesterday at 12 cents. I've been fortunate to get in on this stock pretty early in it's growth phase. I bought enough stock yesterday to make up for the shortfall of the amount that I applied for in the SPP.
Although averaging down in a stock sometimes feels like you've bought a bargain, it can also bite you in the ass when the true cause of a sell off in the companie's stock is revealed.
I actually prefer averaging up, obviously not for the pleasure of paying more for stock than I did previously, but to act on my confidence to continue to invest in a company which is performing well, and is being recognised by the market for having done so. WA8 has been meeting this criteria. With assays imminently due from multiple areas, including recent drilling, and even potentially from historic pulp samples, and considering the outstanding calibre of recent announcements of both Gold and Antimony, I'm confident that WA8 will continue to perform to my high expectations.
Although very recent, very short term (in my opinion), downward pressure on gold prices has caused a bit of a decline in my gold stock portfolio, WA8, which I'm overweight in, has helped to maintain my overall positive portfolio.
Over night there have been positive movements in Gold and Silver prices. This might help the gold sector today. Whether it does or not, the primary influence on WA8's SP will be the assays we all await. Eagerly!
Expand
(20min delay)