Isn't that like saying that I should exit Sayona from my average entry prices just because it hit one of my interim lower range price targets today.....
One deep Diamond Drill hole does NOT maketh a JORC resource. Everyone knows that .....or should know that. Even if it is a potential ' Discovery ' hole. So the Market as always will get ahead of itself on the ' anticipation ' of future or immediate further drilling prospectivity or likelihood thereof.
And that's just Geology 101.
So like any small cap mining play , there is significant further work to be done. Like I said the other day , RGL holders ( which I was one back in 2020 ) should have got out like I did after the ' Tolga ' inspired run over 10.0 cent only to find themselves all the way back down to 1.5 cents. So its knowing or having the research on any given stock ....at any given time. And not after it's run already.
And look where RGL is now after some basic lithium ' Rock Chip ' samples. Back over 10 cents to territory where I first sold back then.
So don't worry to much about where I decide to get in or off from as my entry on that one was 4.1 - 4.2 cents and so would be or could be still up over 100 grand on that play.
So it's more the investors who bought in well over 10.0 cents who would be or should be more worried......and I wasn't one of them.
CRR was the same. Run up over 10.0 to 14.0 .....Cap Raise at 8.5 cents , drops to 7.1 on the low and is now back up over 10.0 cents in less than 5 weeks.
I think investors need to worry more about their own trading than others for a start. But certainly don't worry about me as I'm doing fine and already ' Cycling ' a few other plays off my ongoing research.. It's a business so this is all part of it. The trick is in knowing when to Buy back in , at what price , and at what point it can work into another further planned cylce ......
As a comparative example .....and because I know there was at least one here who was raging on about RAG. What has it done .......
when compared to others who have bounced or have continued to ' Kick On ' .
(20min delay)