Ann: Further Significant High-grade Au Intersections at Calibre, page-61

When we raced through the 5's and touched 6.2, posts galore on the forum, guessing comps for EOY price, chat about boat purchases and further multi-bag expectations including more than 40c by EOY (a 40 bagger for the year)

Recent times haven't been fun and suspect some may now have capitulated or considering doing so.

Think about how you felt when price surged through 6. Did you want to buy more or sell.

Think about how you feel now when price is down more than 40%. Are you wanting to buy more or sell.

Nothing has fundamentally changed since then except RIO has announced a significantly increased exploration spend for this year which is a huge positive. But sentiment has changed.

When were you most confident about AZY.
When were you least confident about AZY.

In hindsight when would have been the better time to sell
When would be the better time to buy

Did we capitulate today. Maybe. We will see.

#sentiment
#market psychology
#fear
#greed