MGV 0.00% 39.0¢ musgrave minerals limited

MGV - Long termers, page-15

  1. 763 Posts.
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    I had similar dilemma for EHL.

    Average buy price was around $1.00, then stock took a hit and was hovering around 85c, cue CR/SPP and next thing you know it's down to 78c with a lot of unhappy investors.

    A lot of people jumped off, I just sat tight and within a month turnaround price is now up at $1.10ish and with huge amount of free cash flow, diversification into gold/copper etc (not just relying on coal) they are in my opinion going to continue on to $2.00 - $2.50 before we know it.

    Moral of the story, sometimes just have to back your choice in and have some patience. Yes you might make quick money elsewhere but if you have picked a stock and believe in the fundamentals then just sit tight and let it's true value be realised.

    My dilemma now is which stocks to sell so i can top up on MGV. TLS likely as it's such a boring stock but then again it will probably fire up with 5G etc the moment i get off.
 
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Currently unlisted public company.

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