Combine tax sell time, the constant negativity of the court case (even though it is absolutely nothing), capital raise discussion and you therefore have a recipe for a drop in the share price. 40c down to 19c is quite substantial, for a stock making great profits at a gold price around $5000 aud. Eventually a base has to form despite all the above and a decent reversal will play out. Personally, it is buy time for me in this type of environment. Although I like to sit on my shares a long time, so I can afford to wait until its well in the profit. I definitely see amazing value right now at these levels.
AWJ Price at posting:
19.0¢ Sentiment: Buy Disclosure: Held
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