@ Jahar I would be careful trusting in a stop loss during the AGM, looking at the daily trade volumes (9M today) and the market depth on the buy side has no strong backing. If a handful of people set a stop loss at say $0.032, then the actual price of the sale could be bellow $0.025. You could set a limit on the sell order, hoping some buy orders may get triggered to bounce the price back but ... Personally I am going to get up and watch the trading to be safe.
Remember there has been no big volume selling or indication of the institutions getting out yet, only a dribble that comes in every time the price of gold goes up to give a selling opportunity. Since we have now had about 3 reminders to vote from the Chairperson, I am hopping the vote is a close call. It seems that most of the retail holders are more easily swayed by the company line and the cash. Hopefully those in favour of the deal will show up on the buy side after the vote.
FML Price at posting:
3.3¢ Sentiment: None Disclosure: Held
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