Riley Iron Ore Mine - Progress, Photos and Calculations, page-665

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ShareJagger

11,661 Posts.

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09/08/21

17:52

Post #: 55149303
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Originally posted by ShareBeers: ↑

Just to add to your post, but if anyone was brilliant enough to bail out and sell at 16c through skill and not luck then that person could have picked any stock on the ASX and any crypto and get the same outcome or better outcome. I'm not that smart to pick the price or guess the price movements.

Picking 16c as the sell-out price for VMS simply means you are a brilliant (and possibly lucky) trader and yes, sometimes traders/punters win and sometimes they win a lot but sometimes they lose.

As aforementioned, I'm not smart enough or lucky enough to try to pick 16c as the sell-price.

I prefer to pick a buy price in my case 3.3c then top up more a bit more at 6c and then ignore the price until I want to sell.

I'm comfortable to hold VMS even with the price fluctuations and probably because I'm way in the green.

Now with the share price loitering about10c, any movements below 10c is only 0.1c per pip but above 10c is 0.5c per pip and it would be crazy to sell VMS now unless you really feel there is some concerns with VMS.

As always do your own research and this is not financial advice but for me if you can't see ACCUMULATION then I don't even know what to say; 26M trades and 1 pip and a bit pips down today.

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Disappointing from Riley point of view. Hopefully Tin and WA adventures will support the share price. Hopefully management get smarter about production based on abysmal effort at Riley.

VMS Price at posting: 10.0¢ Sentiment: Buy Disclosure: Held
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