Everyone is so bullish which of course totally validates my decision to sell today the parcel I picked up on-market for 1.1c a week prior. Yep, I'll take a 50% profit in just over a week every single time.
Now I still have my core holding left and under 2c that's not for sale - although if anybody reading this wants to push the bid above 2c in the next week or so that's a different matter.
I figure two things.
1/ No corporate action till after the BFS which is due September. My take? 3 to 4c.
2/ No more assay results until two months (assuming same time lag as phase 1 drilling) after drilling commences supposedly this week - BTW that's August. No news is bad news at the junior end of the resources sector of the ASX. You can take that little nugget to the bank! Check out recent history. MDI SP fell from 1.35c to 0.4c while everyone was waiting for the assay results from phase 1 drilling. Not saying the same for phase 2 - just saying.
If it goes above 2c I'm out but of course expect to buy back in at lower levels between now and August. If it drops below 1.2c I'll add to my existing position.
- Forums
- ASX - By Stock
- Ann: Fifth new gold deposit ends first 2020 drill campaign
Everyone is so bullish which of course totally validates my...
-
- There are more pages in this discussion • 14 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add MDI (ASX) to my watchlist
|
|||||
Last
1.7¢ |
Change
0.003(21.4%) |
Mkt cap ! $3.703M |
Open | High | Low | Value | Volume |
1.5¢ | 1.9¢ | 1.5¢ | $40.97K | 2.363M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 520000 | 1.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.7¢ | 291555 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 520000 | 0.016 |
3 | 812000 | 0.015 |
4 | 350020 | 0.014 |
3 | 723846 | 0.013 |
3 | 579590 | 0.012 |
Price($) | Vol. | No. |
---|---|---|
0.017 | 291555 | 3 |
0.018 | 216667 | 1 |
0.019 | 201124 | 2 |
0.020 | 400689 | 3 |
0.021 | 53072 | 1 |
Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
Featured News
MDI (ASX) Chart |