Thanks for posting. I agree with you in principle, generally. As long term investors we shouldn’t be too bothered if we understand the underlying value proposition. If we had invested in a business with great prospects and which didn’t publish its perceived market value on a minute by minute basis we wouldn’t be thinking about this at all.
The issues are:
1) Psychological - it doesn’t feel good. We aren’t having our decisions validated.
2) Also psychological - we’ve identified something we think is worth taking a risk on, made a call and held on - now others are getting in much cheaper. That’s annoying. Like someone pushing in when you’re lining up.
3) Overall, I think a lower share price poses a higher risk for the company. Capital raisings, if required, are less effective, partnering opportunities leave us with less leverage.
What’s the antidote? Patience and faith in your own analysis I guess - and DCAing if you think your decision is still right.
Good luck mate (to all of us)and fingers crossed for something soon.
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Open | High | Low | Value | Volume |
43.0¢ | 44.5¢ | 41.5¢ | $2.435M | 5.697M |
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---|---|---|
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12 | 882907 | 0.410 |
12 | 652220 | 0.405 |
22 | 618050 | 0.400 |
7 | 263887 | 0.395 |
Price($) | Vol. | No. |
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0.430 | 1700 | 1 |
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