Milcom has been downramping the stock for ages and I would be...

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06/03/23

18:00

Post #: 66630896
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Originally posted by desmond: ↑

Yes, Milcom. And Yes to AgroASX. Time to sell. I hope I am wrong for all your sakes, and it goes to .70 c or more.

BUT ........ Just look at the risks: 1 risk is the FIRB. Who knows?

2 risk is - WHAT if there is a global slow down, global markets turn bearish, and Lithium comes off the boil a bit.

3 risk is that the suitor withdraws the bid. Oh, shit!!!!

4. Our drilling results were poor, so we haven't grown the resource. Sorry, we just don't have enough of the stuff, especially if it goes off the boil.

5. Our scoping study was not impressive. Ok, maybe they used the wrong metrics and values. But at the end of the day, it wasn't the game changer that we needed.

6. Ok, we got a mining licence, but that was expected, wasn't it?. Good to have, for sure, and it ticks another box along the way, but it was sort of factored in when we were 30 cents something.

7. If in doubt, turn to the proverbs that your grandmother taught you. So, A Bird in the Hand, is worth two in the bush. But wait on, that means sell at 50c, don't go tor the two birds, that is, a price of $1. So, the issue is that it is not two in the bush. It is more like a Bird, 50c, is worth 70 c in the bush. So grandmother's proverb is even more saying to sell, as her advice now becomes, a Bird in the Hand (50c) is DEFINITELY worth 1 1/2 in the bush, (70c); let alone 2 ($1) in the bush. And who can realistically say we can hope for one dollar or more.

For those holding, I hope I am wrong, and that somehow, none of these negatives will come to pass. And that somewhere, there is a company wanting to step up and create a bidding war. Good luck, and I hope you bag a winner here. For me, after a very long term as a holder, it is time to go. A big disappointment, as we should be sitting much higher. But we aren't.

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Milcom has been downramping the stock for ages and I would be surprised if he wasn't financially motivated to do so.

So if he has moved you, you've been sucked in.

The wait is the hardest part but I think there is almost no prospect of less than 50c.

So there is opportunity cost in the hold. Thats a reason to sell.

But smarter money sees probably 25% upside in buying up and holding for less than six months.

I think that's the right of it.

ESS Price at posting: 49.5¢ Sentiment: Hold Disclosure: Held
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