BOE SP Target $3.00, page-67

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arsenic

14,997 Posts.

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04/05/22

13:42

Post #: 61198988
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Originally posted by lemonwasher: ↑

I appreciate reading Company Reports can be tedious and this is why the real experts question the strategies of investors holding a large spread of shares. Catch up with Rick Rule sometime. He say roughly, if you can't stay informed right across a portfolio, cut its size and sort of hints a dozen is fair task. He did say in a piece about PDN over a decade ago; he bought at 10 cents because the story was very sound. It then dropped to 1 cents, so he re-checked the reasons he bought his initial parcel. Nothing had changed. So he bought a lot more at 1 cents. From memory it went on to over $8. I think he was pleased with that second buy, roughly 80,000%. His key take-away was: Nothing Had Changed.
For thos who have a too wide holding, those who are honestly too busy, or the bone lazy, here is a short take.
This is from BOE announcement 31 March 2022:
"Completion of FEED enables Boss to proceed with detailed design to commence immediately after a FID for Honeymoon’s restart is made. FID is expected after completion of the Tranche 2 Placement on or around 5 May 2022, whereupon the company will immediately commence with detailed engineering, procurement and construction works."

Is the date 5 May referring to the finalisation of ASX requirements wrt Tranche 2, or when the FID is expected? Regardless, I can't see this management team stuffing around unnecessarily. IMO predictions of anything like a retrace to $2.15 is just la la land dreaming
News is imminent, a resource upgrade would be a great move.

lemons

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Truth is price could go either way. As for Rick Rule he talks his own book. Love to promote Cu small caps he's already invested in.
I'm not saying he doesn't know what he's taking about he does along with his other large holder mates but because we know less than him we shore up his positions.

After a couple of decades of that game I'd rather follow the core commodity outlook and go form there.

All IMVHO.

Last edited by arsenic: 04/05/22

BOE Price at posting: $2.44 Sentiment: Buy Disclosure: Held
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