Ann: West Arunta Exploration Update, page-24

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samcharlotte77

3,383 Posts.

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27/04/24

23:48

Post #: 73540593
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Originally posted by Trade4Profit88: ↑

"It was getting very ugly a while back as it was only myself and 2 others buying from 5 cents down to the low 2s but fortunately a miracle happened and I got out okay, pure luck than good management."

"RCR Chart above and it looks ugly, your obviously invested in RCR so it’s in your interest for it to succeed, but personally I’m waiting before even looking for it to bottom out as trying to catch a falling knife hurts"

ok so in your MTM case you were buying from 5c all the way down to 2c and you didn't think its chart was looking ugly? then when come to RCR, you are telling me that the chart is getting ugly, yes thats true but you are also telling me that you don't want to "catch a falling knife" when you just showed me an example you did catch a falling knife before that is buying MTM from 5c down to 2c.

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Yes and as I clearly stated, I strongly don't recommend it and as I stated it was pure luck I had a win. I love to gamble and this end of the market is just a convenient way for me to do it. Losing 10k or 20k on a punt is neither here nor there for me as my income mainly derived from blue chip stocks and property portfolios and any capital loss can be used against capital gains anyway. Generally I do quite well but get slaughtered from time to time but it's all in the punt. To think there any chance of creating long term wealth or generating a stable income punting on the spec end of the market simply delusional. Only stable income to be made here is by brokers and management. Statistics clearly show over 95% of investors lose on the spec end of the market.

MTM Price at posting: 5.6¢ Sentiment: None Disclosure: Not Held
3 Upvote

0 Great analysis

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