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clock Created with Sketch. 01/12/21
19:40
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Originally posted by Frapples:
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IndexFund - I think you're on the money. Been in here a few years based solely on the fundamentals. LTH if you like. But hell, what's all the whining going on?? If you don't buy into a company based on what's in the ground then you're a punter and belong at Flemington. We're in a simple correction brought on by Omicron jitters, fear of another correction in ABR history and a bunch of stop losses put in by % punters who maybe make a good living by playing by the rules imposed by ASX or whoever. Them's the rules! Doesn't worry me. The stuff's still in the ground, we have the permits, good management (IMHO) and all this drama will shortly evaporate and peace will return to the hamlet. See you on the other side
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That would explain why the rest of the market is also down by the same 20% since the Private Placement announcement. I though the price drop was related but now I understand it is just two unrelated data point. OMG!https://en.wikipedia.org/wiki/Drinking_the_Kool-Aid
