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1.2¢ iondrive limited

A profit will be good 100% of the time. Correct about the lvr, I...

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we9smia

1,173 Posts.

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07/08/16

22:29

Post #: 18464474
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Originally posted by Gold Member ↑

Prick me do I not bleed? Poison me do I not die?

So much context gets lost in the written word. I came back to ask for tips for my next buys. The SAU thread has some good knowledge here. I knew you'd all think I was mad for selling SAU, I shared the KBL purchase as to remove all doubt.

They need to raise a bit over 1b to get the $6m they need which is probably about 120% increase on their current capital. I think a lot of that has been priced in.

You have to remember too that everyone's individual circumstances are different. I borrowed heavily to invest in SAU which FYI doesn't have an LVR it made up a huge chunk of my portfolio. Any big dip in my blue chips would have triggered a margin call. Now I'm debt free and have a little gambling money.

There's little doubt this one will do well IMHO but question remains as to how long it's going to take to hit it's full potential. It could be 3-6 months it might be 1-2 years. Anyway, those of you that can afford to hold your position will do fine I'm sure.

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A profit will be good 100% of the time. Correct about the lvr, I am fortunate I don't need to worry about that at the moment. Like atomic I look forwards to the next 12 months or so, it may play out well.

SAU Price at posting: 41.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 1.2¢		Change 0.000(0.00%)		Mkt cap ! $8.502M

Open	High	Low	Value	Volume
1.2¢	1.2¢	1.2¢	$3K	250.0K

Buyers (Bids)

No.	Vol.	Price($)
1	14960	1.2¢

Sellers (Offers)

Price($)	Vol.	No.
1.3¢	2128208	4

View Market Depth

No.	Vol.	Price($)
1	14960	0.012
2	2791393	0.011
2	1640000	0.010
3	671111	0.009
5	1075650	0.008

Price($)	Vol.	No.
0.013	2128208	4
0.014	1704500	2
0.015	1600001	3
0.016	579705	2
0.017	100000	1

Last trade - 10.12am 04/09/2024 (20 minute delay)

ION (ASX) Chart