I think you sold some of your shares to me today :-) The first...

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brinvestor

61 Posts.

12/02/18

15:54

Post #: 30999091
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Originally posted by poolhustla81 ↑

Full disclosure...over the last few weeks I have been offloading most of my SAU position. I moved most of the funds into BBUS and a few other goldies which has worked out pretty well so far. I hold around 10-15% of what I once held and most have been sold at a loss unfortunately. My reasons for this are as follows:

The Cannon sale - I feel we sold the proven asset for a good sum, however any potential upside to the resource or the gold price has been sold for a song. Sure this helps our cash flow short term, however what about long term growth for the company?

The Stockmarket in general - We are due a major correction, I feel the last couple of down days in the US are just an entree for what is to come. If that happens, marginal/underperforming investments will be sold off quickly regardless of FA.

Volume risk - With no depth on the buy side I was starting to worry how I would ever exit my position if something went wrong.

Unloved/Unappreciated SK assets - Unfortunately the market is uninspired by our SK assets, I am not sure why but my guess is because it is outside the "norm" plus the proximity to a potential war zone. The market hardly reacts to any SK news.

Anyway, those are my 4 major reasons for selling down. I still want SAU to succeed and believe it can possibly do so, but we need luck on a few fronts IMO and relying on luck + a volume shortage were a bit too much risk for me to bear.

Good luck all. Cheers

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I think you sold some of your shares to me today
The first two reasons you gave don't worry me. Now, the volume risk is a problem, but I have no need to sell anytime soon. I can hold my position pretty much forever, unless something catastrophic happens in my life... The war thing does not worry me much either. If SK and Japan are destroyed in a nuclear exchange with NK, the world will be a lot of trouble, and SAU will be the least of our worries. It might even go up when gold prices triple...

Good luck to you as well.

SAU Price at posting: 25.0¢ Sentiment: Buy Disclosure: Held
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Last 0.9¢		Change 0.000(0.00%)		Mkt cap ! $5.444M

Open	High	Low	Value	Volume
0.9¢	0.9¢	0.9¢	$894	99.32K

Buyers (Bids)

No.	Vol.	Price($)
5	795730	0.9¢

Sellers (Offers)

Price($)	Vol.	No.
1.0¢	2300000	2

View Market Depth

No.	Vol.	Price($)
5	795730	0.009
5	1355000	0.008
5	1291000	0.007
2	333335	0.006
1	300000	0.005

Price($)	Vol.	No.
0.010	2300000	2
0.011	290909	2
0.012	2320467	3
0.013	200000	1
0.014	481970	2

Last trade - 11.47am 27/06/2024 (20 minute delay)

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I think you sold some of your shares to me today :-) The first...

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