EVN 2.21% $4.62 evolution mining limited

I'm down nearly 20% in a couple weeks after my first purchase. I...

  1. 94 Posts.
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    I'm down nearly 20% in a couple weeks after my first purchase. I was like WT.... come on... 1.85???.. How is this even possible? This is mid cap EVN which mines Copper & Gold not some small caps selling dreams.

    Although I had promised myself many months ago that I would not have bought any more gold stocks, the greed has got me good as I was buying the dip without Plan B.

    Here's my plan B.

    My stop loss has now been set at about 20% from this point due to the following reasons;
    1. EVN has no spare cash to do any share buy back like NST.
    2. Uncertainty about factors such as Fed%, $ and global inflation, recession and etc...
    3. I come to the realisation that POG can reach 2k or 1k but who cares becausw nobody really knows at this point.

    I hope my stop loss would NOT get triggered before the Sep Qtr result.

    Anyway, i still have some (40%) faith in the POG and management.

    IMHO only & GLTAHs & DYOR
    Last edited by robertlaw: 26/09/22
 
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$4.62
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