Having been a holder for a while, its been a long ride to this point. CXY hinges on a decision by govt - lets hope its a good one for the company and shareholders.
After doing the sums, i think this is somewhat of a no brainer, and i gotta simply take the plunge. Yes, its a clear gamble - but i think its worth it. So I decided to picked up another chunk of around 100,000+ at 4.4c. I figured if the decision on Friday is for a no go for CXY, then expect them to plunge to 2c. I lose half my cash. If they get the go ahead and a-ok, I would expect CXY to quickly reach 8c, and then over time hopefully back to 15c+. Essentially doubling my recent investment in the short term and the potential to quadruple the investment in the longer term.
So to sum up - real worst case is I lose it all (around $5k, if they get a no go and go belly up). If the decision is a positive one - that $5k could be $20k in a couple short years.
To me thats a no brainer and im taking the gamble... A good outcome will help me with my house deposit. A bad outcome will simply be a minor setback.
Bring it!
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