Has anyone found out if first coal is still expected this qtr?
Bricking, this is ground zero - we have so many things lined up. But your choice to bail and your strategy.
I've traded many years and its not fun to not pick the bottom of a stock. As a bit of advice, if you continue trading, even the so called experts pick the bottom 5%-15% of the time. The experts are even happy with picking the right stock 50% of the time. The real way to win this game is not about entry, or picking the right stock (though that helps immensely) but about how you manage your position once you have entered. try and take the emotion out of it and logically decide if you think Cokal is likely to succeed now we have competing cashed up parties who want to see this work. They want to join forces to develop and have the industry experience to get it across the line. There are buyers lined up (including BMA) who want to sell to their customers. The directors have their vested interest, with some pitching in their own cash or not taking pay until they actually make money from coal sales. Aahana putting on 2 board members, they are in for the long haul. Possibility of a takeover.
Plenty of factors to me say logically, stick around. I could be smoking Timbos pipes, but I would buy more if I had spare cash. Totally up to you mate and what you're comfortable with.
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