Accumulating in parcels as it goes up is a good healthy strategy.
Soon 7 will look cheap and everyone will be wishing they finished off their buying there. But its healthy to buy in parcels. Suck and see as you go.
All I can say is I'm buggered if I can work out where any decent selling can come from?
When Royal quits, we will quit (maybe) but I can't see that happening for a hell of a long time. i.e Royal down the track decides resources is not there bag but we have only started the asset accumulation journey and the gold price is still to go through its explosive upsaide when the $US finally tanks.
Just imagine what the share price will be in late August when the first drill hole gets punched deep into the Sewdich project cutting through super high grade layers of minerlisation?
7 cents? Its a joke but I aslo fully appreciate that a solid healthy market in anything needs to build over time. But you can sleep well each night when you go to bed after buying GMR. Downside is zilch.
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