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2.7¢ goldoz limited

I won't end up like the OP because I would never invest so much...

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35 Posts.

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02/11/17

12:07

Post #: 28434075
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Originally posted by demoniaco ↑

If you know factually the outcome of the rubies auction (which you do, the announcement is out), and you come up with a valuation of the company based on those results.. You can sell at any price above the market cap, then rebuy at what you feel it's worth?

If you feel it's valued at $20M (~3.5c) and it opens at 8c, why would you hold on? Sell and rebuy at what you value the business at.

If your valuation is close to the opening/closing price then I can understand holding.. But right now @ 10.5c it's an $80M company that just sold over $700k in rubies, with god only knows what kind of expenses were incurred to attend the event, particularly security.

Make a rational decision, not an emotional one.. Or you might end up like OP.

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I won't end up like the OP because I would never invest so much into one stock that losing it all would break me financially. I only invested enough to say 'this sucks bad'. Just because I value a company at 3.5c, it doesn't mean that's what price it will be. If I was to make an emotional decision, I would just sell no matter what the price to wipe this dog shit company off my shoe. My practical, non-emotive mind says to wait. And I can afford to wait.

MUS Price at posting: 4.7¢ Sentiment: None Disclosure: Held
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