I can see your unease at our common stocks, neither going swimmingly at present and i can feel your patience running thin. I think both will be back solidly when they can provide the announcements to the market.
I think our other one will float back to 11, maybe 10 and i may re-enter with my trading parcel in about 6-8 weeks time at that level. I see you posting that you are selling. I think the sharks are buying. I sold my trading parcel (at a slight loss) last week on opening and i almost bought back in at lunchtime, but i went with some ICG as their oppies were finishing and i think they're, well you know... I think our common stock will be there for a bit as they won't have assays back yet and they will of held some for the prep lab to do. Also, punters like me who entered on the end of the oppies expiring last year will have been in for 12 months shortly, so i anticipate some punters over there to take some profits which will trim the SP for some shares to be 'on sale'. Just keep that between us, i don't want everyone to get scared and sell to buy lower... i still have my core holding over there and have no plans to sell it any time soon at that level.
For TNR, I have been nibbling away at the cheap price, "accumulating" a few and averaging down when i can afford it (pretty much each pay). Some may call it catching a falling knife, i call it averaging down here as i can't see it going backwards any further, not substantially anyway. I currently own 25% more than i did before the decline and i will probably add more too soon. I have the $ to convert my MAGOAs so not worried there. The TNR assays have to come in the next little while. Labs are flat out, but there has to be news coming for Sterling, Sterling Well and Diorite. God knows what has happened to the first drills at Diorite. If there was nothing in them and they were in the wrong spot, why not just tells us, at this point we can't get much lower. I think everyone has priced in Diorite dusters from that first pass last year.
When TNR run again, I will look to off load some of the accumulation i have taken at this lower point and will probably go back to a similar amount of holdings as before, unless the results are very good. By doing that, my break even will be lower and if it returns to the heights of previous - which aren't that high, i'll be well in profit and exercising my oppies to fund more drilling to see this progress. The risk will be that the timeline will be getting thin due to delays. Delays getting rigs, delays getting assays back, delays getting the MRE upgrades out and delays causing the SP to tank heading into oppies conversion time. Hopefully arses are in gear and getting sh1t done.
If so, we'll be right.
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