SI6 0.00% 0.2¢ si6 metals limited

My biggest mistake(s) with this company are ..well..many fold....

  1. 464 Posts.
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    My biggest mistake(s) with this company are ..well..many fold. Failure to sell out at 3c+ due to international travel and crappy internet connections, failure to put a stop loss on at 3c due to 'ha surely it won't drop below 3c while i'm unable to watch the market' mentality, holding and holding on the promise of results while anything positive announced is smashed by the market, then holding more in the promise that the lab results may be what we we need to at least get to and hold above 3c while the sp stagnates even further. Sure ...this company has a hell of a lot going for it...but to have significant capital tied up here while other highly lucrative trading options go begging for the past 3 months? hmm..long termers say hold on. It will come good. I would much much much much rather be using even HALF my capital tied up here picking off 10% +++ a day on day trades. U either take a significant loss or hold on. I believe this company has gone from being one of "i've invested well in this great company and am happy with it's progress and believe in my investment choice and much research will not go unrewarded" to this:
    "What % LOSS am i prepared to take to get out and move on and invest my capital elsewhere which will be much more rewarding?" Quite frankly..if yr a long termer and have bought in high 2's and above ..yr screwed. If u did the smart thing and sold out ABOVE 3c while u had the chance, or are making an initial investment around the 2c mark then i think yr extremely well placed. Same goes with comparable oppies.

    I will always remember the much esteemed DTer who happily announced he had sold at 4c in the days and considered it the 'perfect trade' . Wish i had done the same, cos we're going to have sellers and DTers cashing in all the way from 1.8c and up stalling any momentum we might have hoped for to touch the fabled 3c. This may seem a negative post, but it's just reality. However much the fundamentals tick so many boxes, the market is simply not interested in BML, and that's very unfortunate. But who can argue with what the market does. I'll be RELIEVED to get out at a 25% loss and not wake up each day to usual crap sp and promises, and be invested elsewhere. It's not THAT hard to grab a 25%+ gain in a day or a week and cover BML losses and then some. Used to be i wasn't too concerned about my other investments cos good old BML was sweet. Now it's the mongrel in the portfolio that I only want to be seen gone and my 3 month patience has run out. Hope i'm wrong, but have extreme reservations about this doing a hell of a lot from this level to relieve believers in the companies prospects, no matter what the lab results bla bla bla may reveal.
    'Patience is required'..a lot of investors do not have the patience or time or finance to watch their capital stagnate and deteriorate in this fashion it has in the past 3 months. I'll be out at 25% loss..and consider myself incredibly fortunate to do so. And in sharemarket investment, that is a very sad state of affairs.
    GLTA and all and in IMO only.
 
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Last trade - 10.09am 08/11/2024 (20 minute delay) ?
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