Morning all.
@GoSpaceMan
I am always left bemused as to how investors that post on any stock can not say anything that represents advice.
Yet you come here and say that the SP of AWJ is going to 10c from 27.5c?
Not sure how you have not been moderated for that alone as you do not even include, that it is only in your opinion.
You have not included those words anywhere that I can see, (aimho).
I wouldn't listen to your opinion because it is really unrealistic and looks like you are not getting attention somewhere else imho.
You do not hold this stock and your beloved AZL is down so much while you are still maintaining your buy sentiment with 60% loss while you held.
75254413That may be an "egg on your face" experience.
With AWJ you are looking at rising margins that represent incredible profits incoming with not just one project that is much larger than the one that took the SP from ~5.7c to 41c but actually two project that are almost shovel ready.
My guess is that you will see Munda underway within April and the cash will be gob smacking.
THEN you have the Lindsay project ready to follow up directly after, also shovel ready with no strip.
See this pic below?
Already down to pay dirt?
Unlike you I will give more evidence of the thesis here.
Let's have a look at the chart below.
This represents a great move that was based on just how the profit from JF affected the SP over the past year.
You can see from this where I bought in with my original purchase at 5.7c and where I sold at ~33c
You can also see from the way I built this chart and can see clearly that I expected some decline in the SP and where my re entry would be, hence the trading strategy I planned.
I will give you a clue.
My downside target was 27c- It hit that.
My little problem is that I have too much capital already allocated elsewhere and broke the rules by not keeping some dry powder.
Yes I do that a lot in this market.
While I broke those, my portfolio increase was multiples of 7 figures and quite a decent junk of that came from? This little baby that you spend your time trying to discredit.
I won't hesitate in saying that I want back in and will make as much as I can from this opportunity of retrace.
I only hope that one of my other stock does a run like this one did so I can take some profits so I can rotate them back to this very well run story.
Now let's have a look at the GP chart while I am on my soap box.
If you look at the two Red lines, you will see that I expect a repeat of the first one which has already taken place by the second Red line, (both on acute angles of ~70 degree).
It looks like that is already underway and puts a lot of potential firepower in the SP of AWJ.
This pic below is something I picked up from previous ann's but also during my site visit last May.
The pic above shows some extremely decent intersections that are 100g/m.
Oh and by the way, they will put a drill hole or two below to check for extensions of those juicy hits.
That alone is a great move to an already great story at Munda.
I really must include this next pic and will clarify the reason in the next pic below.
You see the Red Circle is where those HG intersections are and is not part of the starter pit.
Why?
It lies under the mafic unit which was owned by WIN.
It contained Ni and Li.
Well that puts a sour flavour but alas, Mark negotiated to buy the right from WIN along with the water rights and voila, They are free to mine and explore on that side of the existing pit.
That is another story I want to be around for.
Matter of fact, the only thing that could stop me re entering this is my timing for some freed up funds.
So it may be me that ends up with egg on my face, but for a very different reason than you.
I wonder what some of the larger holders will be doing while the SP retraces from below their average purchase price?
I wonder if they will continue to add?
We shall see very soon with 604 sub notices coming out in the future.
Well I think that sums it up from me but I think that I have still left out many relevant points that indicate further potential SP gains afoot.
Can I suggest you put up any of your info that shows shy you have such a negative and unrealistic view of the fundamentals in AWJ
@GoSpaceMan ?
By the way, I really like the integrity of this BOD who under promise and over deliver.
I also like the way they do exactly what they say they will do.
Kind regards, Wack
(20min delay)