SVY 10.3% 2.6¢ stavely minerals limited

I'm 50/50 on this Ann too. Have held for 2 years at 25c average....

  1. 1,160 Posts.
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    I'm 50/50 on this Ann too. Have held for 2 years at 25c average.

    Sold down half my holding on this Ann, not because I think the project is doomed as a whole but I think this is ann is designed to let the market down gently before the assays arrive. So I took a punt on a rebuy opportunity after the assays.

    Logic being, if they were expecting results to justify or better the current price, why the need to clarify the last ann with only a few days wait?

    Just looks like a precautionary announcement to fend off any accusations of misleading the market.

    Certainly not negative for the project in my view, but I think the market may be a bit ahead of itself at the moment.

    Still in for the long term, just taking some profit along the way.
 
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