MXR 3.23% 3.0¢ maximus resources limited

MXR Fundamentals, page-66

  1. 219 Posts.
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    Unfortunately the bias of many a shareholder on HotCopper, positive news is always just around the corner.

    It's easy to become impatient with expected and especially overdue news, yet ask yourself, why are you a holder? What is your time horizon?

    Are you here to make a quick 30% and move on? Then the very next announcement may be important, if you're here because you believe they have ground worthy of a mine and could 10 bag over time, then the timeliness of the very next announcement is less important.

    And even if it does come and is positive, history shows us that speccy exploration stocks often dwindle between announcements anyway.

    I often have to remind myself of this too, I'm giving myself another 6-12 months of some news worthy of staying for, otherwise the opportunity cost must be considered.
 
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