Obviously we can't offer financial advice here. We'd get modded...

Obviously we can't offer financial advice here. We'd get modded and rightly so.

But there are a couple of observations I can make.

1. This trade was largely dominated by day traders who will soon move along to another stock. I very much doubt most of the buying today was done by investors wanting to hold CXY long term on fundamentals.

2. This is still an extremely high-risk stock which does not own its own technology, has ongoing uncertainties in Qld and WA, and very little money.

So both technical and fundamental risks are high. I for one would definitely seriously consider free-carrying myself if I'd bought in around 1.5c.

But I am a pretty conservative investor. Who is currently kicking himself for not buying in around 1.5c. :)