Easy, I take a long-term view and have high confidence in SR+RF getting a deal off the ground that is good for shareholders.
Is it enjoyable watching my holdings drop further in value? Of course not. Current macro conditions and low volume make it particularly susceptible to price movements like we're experiencing. As such, it appears to be a very tightly held stock, so I take optimism in the likelihood that when this stock begins to move on good news, it will move quickly.
Do I wish we were getting more information as to the progress with potential partnerships, agreements, etc.? Of course. However, I do understand the sensitivity of such discussions, and spurious announcements to prop up the price is not a good look. Simultaneously, mining juniors demand patience of their shareholders, so I knew what I was getting into as a retail investor where I do not have access to the kinds of information and insights that sophisticated and institutional investors might.
The price is slowly approaching my accumulation threshold, so I'm upbeat to the possibility of increasing my holdings at what I perceive as a big discount. I understand it's very difficult to maintain optimism when your position might be heavily underwater with no intention of averaging down, but you did ask "how can anyone" and, well... I'm anyone.
All IMO, DYOR.
Chart, page-704
- There are more pages in this discussion • 1,416 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add SRL (ASX) to my watchlist
(20min delay)
|
|||||
Last
61.0¢ |
Change
0.035(6.09%) |
Mkt cap ! $55.03M |
Open | High | Low | Value | Volume |
56.5¢ | 61.0¢ | 56.5¢ | $15.00K | 25.15K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 2300 | 57.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
61.0¢ | 1885 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 2300 | 0.570 |
1 | 5994 | 0.565 |
1 | 15000 | 0.560 |
1 | 910 | 0.550 |
4 | 13741 | 0.545 |
Price($) | Vol. | No. |
---|---|---|
0.610 | 1885 | 1 |
0.620 | 15000 | 1 |
0.660 | 15151 | 1 |
0.670 | 714 | 1 |
0.680 | 3225 | 1 |
Last trade - 16.10pm 16/05/2024 (20 minute delay) ? |
|
|||||
Last
58.0¢ |
  |
Change
0.035 ( 0.80 %) |
|||
Open | High | Low | Volume | ||
60.0¢ | 61.0¢ | 57.5¢ | 6494 | ||
Last updated 15.56pm 16/05/2024 ? |
Featured News
SRL (ASX) Chart |