NMT 2.04% 9.6¢ neometals ltd

The crazy thing is 50% down is $0.60c, and from Friday's close...

  1. 2,408 Posts.
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    The crazy thing is 50% down is $0.60c, and from Friday's close that was only about 3 months ago.

    And this was after an already significant 70% fall from $2 highs to that $0.60c mark.

    The share price is down 85% from highs.

    People who bought 3 months ago have probably expected something to happen after watching for a long time and monitoring the timelines published by the company.

    I'm down 41.5% ($0.495 buy in), and I only had one opportunity to exit for a small loss, which I considered, but the next day was a pretty significant fall and I was expecting news, and not multiple negative releases, so I held, and then more delays and bad news.

    I'm generally quite decisive and on reflection messed up in this instance, but I do like the story, potential and facts as they stand.

    Hopefully we get a funding announcement, details of the equity investment and FID this week and next.
 
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