Show me another ASX company with a MC under 20M that has an established and profitable core business, coupled with such strong potential for future growth.
Same as you guys above^ I have also sold down on a few other stocks... I just can't resist SBW at these prices.
I have another order in the market at around 9c... incase a major dump occurs, but i'll happily keep taking the small parcels going for 10.5-12 in the meantime.
My price target for this is $1.50 on news of a partnership with one of the majors. I see this happening in the next 2 years.
At this point I would sell around 10% of my holding and free-carry the rest to see what 10 years and a few successful partnerships can do.
For the record I just averaged up from around 7c to around 9c today.
Yes I have been lucky with this one, buying a large percentage of my holding at the all-time lows when it was in the 6-7c range.... but for anyone worrying that their 20c average is looking very red--- I would be pretty comfortable holding at this level too.
Good luck to all!
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