So, you invested in WA1 at 80c and sold at $15.80? Nice 20X on...

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knaomi

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01/08/24

17:48

Post #: 75032130
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Originally posted by ChinaDragon: ↑

I sold out of WA1 last week, been an incredible ride from 80c. The investment there more than made up for the pain with MAG over the last 6 years. I missed the really big runs on SFR and SIR back in the day so feel fortunate to have experienced the journey with WA1. Fortunate being the operative word. It was a punt on a multi day run, I knew nothing of the West Arunta when I bought in and came out 12 months plus later in an incredible situation. Pure luck based on gut feel.

Compared to MAG, where I feel like my due diligence has been detailed, through and patient, it makes me realise there is no rhyme or reason in life sometimes. I still hold here and still continue to average down although not as aggressively as before. 9c sees me green but at what cost over the last 6 / 7 years when that money could have been put elsewhere? I guess I'll never know.

The long term posters know my story here. I did the one thing we all say we shouldn't do - fall in love or become too emotionally involved with a stock. Call me crazy but something in me still thinks this could be the best investment I've ever made.

Hope all the LTers are well and trading / investing profitably.

CD

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So, you invested in WA1 at 80c and sold at $15.80? Nice 20X on your investment.

You're betting on MAG becoming a billion dollar company? That would be 40X from here. With zero drilling taking place might have to wait another six years and countless more cap raises.

Last edited by knaomi: 01/08/24

MAG Price at posting: 6.6¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 3.5¢		Change 0.000(0.00%)		Mkt cap ! $14.59M

Open	High	Low	Value	Volume
3.5¢	3.5¢	3.5¢	$61	1.738K

Buyers (Bids)

No.	Vol.	Price($)
5	682933	3.5¢

Sellers (Offers)

Price($)	Vol.	No.
4.7¢	266936	2

View Market Depth

No.	Vol.	Price($)
5	682933	0.035
3	373333	0.030
1	50000	0.029
3	217140	0.028
1	37037	0.027

Price($)	Vol.	No.
0.047	266936	2
0.050	47583	1
0.054	377810	2
0.055	124706	1
0.060	61000	1

Last trade - 11.17am 14/11/2024 (20 minute delay)

MAG (ASX) Chart

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