With 300mmbls 3P, 120mmbls 2P and 60mmbls 1P...we are effectivley buying $1 coins here for 10c
I am out of cash now...lol, well almost, drawing on reserve equity today, pretty much for the first time in over 12 months, to take advantage of what I see as a no brainer here.
If others do not see it that is fine, because in time this will sort itself out, as all genuine value investments do...as they say, you can lead a horse to water, but...
Frankly, some of the comments about this stock lately lead me to believe many traders simply buy first, then read up later...or indeed, never actually read up at all?
In fact, we are probably seeing a similarly uninformed positions dictate daily price behavior...no doubt at the hands of those who will take advantage of such a scenario.
In light of which, I also feel the level of buying on credit has a significant impact, with many traders forced to sell for settlement reasons totally unrelated to the stock itself...a factor very much taken advantage of by those with capacity to do so.
Anyway, I guess we just have to accept that stupidity rules the markets from time to time and rather than worry about it, take advantage of it if we can...lol, just look at MPO at 8c...NDO at 4c...the list goes on.
I guess the reason that 95% of most traders never survive the markets is because they are needed to facilitate the opportunites that ensures the other 5% of us do?
Fair argument for not behaving like everyone else?
Cheers!
CVI Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
