I'm in the same boat (though not holding anywhere near as many as you). I too have been burnt before (by ASN) and I stupidly didn't cash out. This to me is a LTH. I can't see it being sold down back to a pittance as it has a proven resource with high grades, it's not like this rise is in anticipation of drilling results or the like. I have been wondering though if the market is pricing in the PEA. I guess it comes down to your own risk strategy and whether you're prepared to hold with the potential to cash out less than you thought. BTW I can't see this being bought out at anything less than $2, even then that only values the resource at $400m.
I'm in the same boat (though not holding anywhere near as many...
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Last
16.0¢ |
Change
0.005(3.23%) |
Mkt cap ! $78.23M | |||
| Open | High | Low | Value | Volume |
| 15.0¢ | 16.0¢ | 15.0¢ | $238.9K | 1.543M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 302790 | 15.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 16.0¢ | 189198 | 6 |
View Market Depth
| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| GLN (ASX) Chart |