Price now down to 6.2 cents...I am now suspicious as there are...

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D1326

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14/02/19

15:54

Post #: 37438692
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Originally posted by Voytek: ↑

Cheer Up D1326 - there is not much point despairing on SP drop on micro-volumes in the age of "instant gratification"... I hold 15 stocks (developing mines or considering it based on substantial deposits) and all of them are struggling... as people have sometimes quite a serious reasons to sell (including returning funds to the banks, divorce, etc) and if the seller is a fund handling someone else money... well... their reasons may be much more "complicated" and only experienced market psychologists may have an answer... Having substantial holding of MRP and on an announcement of the merger I was collecting the IRC shares which were undervalued (from $0.135 down to $0.11) and now I am collecting quietly MRP @ 0.069 as comparing to IRC $0.135 (based on 1.8227 MRP for 1 IRC shares merger condition) it should be valued at min. 0.074... We have very experienced managements and the merger makes a lot of sense, including the latest move into take-over of Coolgardie mill as well as gold deposits... and "focusing" on restarting the production on Gold Price uptrend (currently AUS$1841 /oz). I will quote my opinion expressed on IRC site:
https://hotcopper.com.au/threads/ann-resources-rising-stars-investor-presentation.4633341/page-3?post_id=37407371 Share
IRC Price at posting: 13.0¢ Sentiment: Buy Disclosure: Held

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Price now down to 6.2 cents...I am now suspicious as there are some IRC shareholders who do not want this to go ahead and could have bought just to sell cheap. Not far fetched when you see what goes on in the small caps sector

MRP Price at posting: 6.2¢ Sentiment: Buy Disclosure: Held
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Price now down to 6.2 cents...I am now suspicious as there are...

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