Just read this post http://hotcopper.com.au/post_threadview.asp?fid=2&tid=1941301&msgno=412136#412136
and it has some important points about getting the timing right when buying into a stock. If you look at some of those charts in phase 1 they are cheap as chips. These are the types of stocks that people think you are crazy to buy!
Some stocks are "crazy' to buy, but with hundreds of hour research you can narrow those crazy stock to ones which are just 'mad" or "normal".
Also if you look at some the charts it shows that people are prepared to purchase those shares at much higher prices as the company develops, you just have to hold tight long than the market can be irrational.
Have you ever recommend a company to someone only for them to poo poo them? Then later on down the line tell you that they have bought at much higher prices? I have, I don't bother anymore.
Ok onto these bonanza results... 29grams are in a oz.
Anything above 29 g/t in the drilling results will mean that they have 1oz/tonne.....OK still don't get it?
Let me show you..
So even if those "Bonanza" results aren't within those 100-200 g/t the company will be still getting re-rated very soon (hopefully next week). Also this isn't the last of the drilling, we have away to go.
For all those happy to stick with the company, good luck next week. For the traders I hope you make some money too.
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