Great to see that my contribution to the latest CR has achieved a loss of $2400 already. That's on top of my existing holding which is multiples of that contribution. Very happy, should have waited for this current bargain opportunity. /s
At this point, JORC seems to be the one of very few ways for this stock to move in good ways so that there is a much clearer value equation to work with. Positive is that there is a written timeline for that to look forward to, not just rumour; this month at end of July & approx Sept this year.
Meanwhile, silver price remains near all time high, and company remains well funded as it maintains a market cap of approx $10-15m; opportunity for significant growth still remains when compared to the likes of SVL with more than 10x the market cap of ILT.
Keeping a long term view for this stock. Anybody looking to sell due to fear should look at how ILT seems to have always bounced back at around it's IPO price and CR price which has always been more than 21c.
Day traders can apply elsewhere while the rest of us practice time on the market, not just timing the market. Of course, on the flipside, I can be totally wrong and this may fall to absolute zero.
Remaining a firm holder.
All IMO. DYOR. GLTAH
ILT Price at posting:
18.0¢ Sentiment: Buy Disclosure: Held
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