I'm holding on for three reasons:
1) if I sell then I lose my 12 month holding shares tax exemption
2) as already suggested, the next announcement could be any day (or month!!) and if positive could initiate a positive and significant re-rate. The three announcements that could be a game changer include:
i) funding for commercialisation
ii) pre-purchasing agreement for gas and/or fertiliser
iii) potential takeover
3) the fundamentals have NOT changed. Worst case scenario is that if they don't get the bid they want they will fall back to the highest offer... and that my friends will still be enough mula for me to be happy with.
One thing is for sure... they are currently severely undervalued which is a shame however reflective of market sentiment and inability at this stage for LcK to close credibility gap.
This will happen over time... however when is anyone's guess.....am I going to miss out... hell no. I'm in this for the long term through thick and thin.
Good luck all.
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