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07/05/21
21:12
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Originally posted by Lowkeyinvestor:
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I am down 1.5 cents per share at the moment. When Cobalt became big news back in 2017 I did buy and sell BAR as the gold price nose dived but did make small money having held since 2012. Since that time I have been accumulating. I am now fully in and haven't sold any since late 2017. I had a big holding of MIN and traded some regularly bought at $14 sold at $16 when Covid hit and I sold they are in the $40's now with dividends. I traded with SANTOS sold the day before they had a takeover offer, I did make some money but nowhere near if I had just held. I traded TPG a telco company and was luck to get a class action payout that got me out of the sh%t with that one. The point I'm getting to is that I am a s$#t house trader, I don't like to do it now and I never had any success in picking when to sell, as you can see with my examples. I am going to hold this one with a tight grip. When gold production happens the sharehaolders will get capital growth and many will sell, and maybe a takeover will happen but I'm waiting for that 1 cent divy every six months. If the divy is more than 1 cent up to 5 cents look out Bill Gates you are not the richest man in the world, we long term low SP Barra holders are.
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I held a large holding in HT8 @ 3.3 cents for months. Sold a day after the announcement when share price started fizzling at 4.5c Next day Hot copper sent a blast email basically repeating the announcement and the share price shot to 20 cents. So many times I've sold because of impatience. Not this time.