This period of low volume with the share price dropping a pip or two is where conviction is comes in.
I was hopeful for the share price to have recovered more than today's close after our massive drop however this share price was also on the cards with assays not coming until atleast after the end of June.
However this period for me historically has been where I was able to make big money. The lull in CNB for example tested many people's patience before it sky rocketed on great results.
Having said that, selling now for locked in profit or loss saves your hard earned money and that should be the priority.
For myself, I'm staying put for the reasons below -
Great numbers from historical drills at Pomme
Lachlan has not made a wrong move yet and updates are provided in a timely fashion
Directors having skin in the game brings confidence
GMA wants us to drill and not just sit on the tenement
A poster Wrighty did ask a good question. If Pomme is soo good, why didn't GMA continue on with it ? My opinion is that REE prices back then carried some uncertainty and GMA didn't want to risk it and went the direction of REE recycling. Their asset is in the ground and not going anywhere. They need their capital for that project still to this day and can't afford to do both.
Just sharing my thoughts to fellow holders, whether you buy or sell is up to you. Good luck all.
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5.9¢ |
Change
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Mkt cap ! $16.58M |
Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 103331 | 5.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.9¢ | 55000 | 1 |
View Market Depth
No. | Vol. | Price($) |
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3 | 103331 | 0.056 |
1 | 78231 | 0.054 |
1 | 50000 | 0.052 |
2 | 39300 | 0.050 |
1 | 10500 | 0.048 |
Price($) | Vol. | No. |
---|---|---|
0.059 | 55000 | 1 |
0.060 | 400000 | 2 |
0.061 | 35000 | 1 |
0.064 | 80000 | 1 |
0.065 | 290564 | 4 |
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